Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Aussies move in with friends and family to avoid rental crunch
Over 2.5 million renters have been forced to move in with friends and family to survive the ongoing cost of living crisis according to a new survey.
Experts confident the cash rate will remain on hold
The official cash rate is likely to remain on hold in May, and the experts now think there…
Australians stash a record high $1.47 trillion in the bank
The cost of living might be rising but Australians still have a good chunk of cash stashed away…
TRG set to open another office in Hunters Hill
Gavin Rubinstein is set to shake up the Hunter’s Hill property market, with plans to open The Rubinstein…
Relief for Perth tenants as rents remain stable
In good news for Perth tenants, rents held steady in April while rental listings also started to increase.
PEXA pursues partnership with UK lender
PEXA is progressing a strategic partnership with UK lender NatWest that will see it use PEXA's digital property…
Wingadal listed with price hopes of $200 million-plus
Australia's residential property price record could soon be smashed, with the striking Sydney mansion, Wingadal, hitting the market…
Smart glasses could enhance auction transparency
Virtual reality smart glasses have the potential to bring greater transparency to the real estate industry and help…
REIA unveils the agenda for the Centennial Congress
The Real Estate Institute of Australia (REIA) has released the final program for the historic REIA Centennial Congress…
Only one area in QLD with a ‘healthy’ supply of rentals
The availability of rentals is at critically low levels across Queensland, with only one area in the whole…
Domain introduces Audience Boost to reach more buyers
Residential listings with Domain will reach even more buyers from July 1, with the portal’s new Audience Boost…
Property values continue to rise amid low supply
Australian property values have continued to rise, with low supply trumping high interest rates and inflation in the…
Unliveable Potts Point mansion sells for $13.7 million
An unliveable mansion apartment in Potts Point has sold for $13.7 million, a stunning $3.7 million above its…
Perth property could rise 20 per cent this year
The Real Estate Institute of Western Australia (REIWA) predicts that Perth property prices could potentially increase 20 per…
Luxury property markets outpace median priced homes
Luxury property has been seeing values rise sharply and new data has found that the upper end of…
Melbourne agent conducts first Virtual Reality-enhanced property auction
A Melbourne real estate agent is believed to be the first auctioneer to sell a residential property under…
Herron Todd White: Where you can find affordable homes in Australia
Despite the cost of living rising and property prices outpacing wage growth, there are still places where homes…
Affordable rentals have vanished in the past three years
The percentage of rental properties priced under $400 per week has seen a dramatic decline in the past…
Rent.com.au posts record quarterly revenue
Rent.com.au has recorded record group revenue of $890,000 for the March quarter of the 2024 financial year.
Is the inflation spike just a ‘blip’ on the radar?
Inflation figures released today are likely to see interest rates remain high for longer, according to experts.
Low-income earners can’t afford to rent
Low-income earners are doing things really tough at the moment, with a new report finding that minimum wage…
Crane numbers at the second-highest level on record as construction booms
The number of cranes across city skylines is now at the second-highest level on record, signalling a rebound…
RE/MAX Australia honours top agents at exclusive Crystalbrook event
RE/MAX Australia invited its highest achievers to an exclusive event recently, held at the impressive Crystalbrook Vincent, a…
Property prices hit new record, with more to come
Property prices have hit yet another record, with the combined capital city house and unit prices rising by…
SA takes the economic crown but WA is closing in
South Australia has come out on top of the economic leaderboard for a second straight year, according to…
The Block winners sell Bexley home for $805,000 profit
After winning $1.75 million on the 2023 season of The Block, Steph and Gian Ottavio have sold their…
Australian and New Zealand’s top auctioneers set to compete at AUSTROS
Australia and New Zealand's best auctioneers have been named as the finalists for this year's Australasian Auctioneering Championship…
WA and QLD are the nation’s affordability havens
Western Australia and Queensland have emerged as Australia’s affordability havens, with more than half of all the more…
Moira Verheijen takes the ANZAC spirit to her open homes
When prospective buyers walk into Moira Verheijen’s open homes this weekend they will be greeted by the sight…
The evolution of virtual staging: How AI has made life easy for agents
Just as life progresses, so do the technological advances that equal efficiency and convenience in the workplace.
Olga Horak selling her Rose Bay home
High-profile Jewish immigrant, Olga Horak who fled Germany after World War Two is selling her Rose Bay home…
Australia’s most affordable coastal hotspots
The swarm of seachangers headed to coastal areas surged during COVID lockdowns and in the process drove up…
REIV wants tax reforms to boost rental supply
The Real Estate Institute of Victoria (REIV) has called on the Victorian Government to consider tax reforms that…
Pedal power: Kelly Podlich saddles up to help young people
As Harcourts International’s Chief Financial Officer, Kelly Podlich is used to chalking up some pretty big numbers.
Step into the future at Australia’s most tech-enhanced apartment development
Australia’s most tech-enhanced apartment complex will be built in Melbourne, with features including an air purification system and…