Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
What’s in the Federal Budget for real estate?
Treasurer Jim Chalmers has delivered his third Federal Budget, forecasting a surplus of $9.3 billion, handing out almost $2 billion to increase the maximum rate of Commonwealth Rent Assistance and delivering a prediction that inflation could return to target this year.
Family-friendly workplaces boost work-life balance
Employees who work in family-friendly workplaces have better work-life balance and less stress according to a new survey.
Australia’s 20 largest property groups keep growing
Australian property has been strong over the past 12 months which is also driving up the value of…
Stubborn inflation means rate cuts might not arrive in 2024
Australians hoping for an interest rate cut this year may be setting themselves up for disappointment with persistent…
Budget funding positive but not enough to solve housing crisis
The property industry has largely welcomed the Federal Government’s housing funding, announced ahead of today’s budget, but there…
New build smashes Manly price record
In a record-breaking sale, a newly constructed home in Fairy Bower, Manly, is believed to have smashed the…
The Zillow Gone Wild TV series set to premiere
A new Zillow Gone Wild TV series has premiered in the US, inspired by the popular Instagram account…
Judge approves NAR settlements after late bid fails
Despite a last-ditch bid to halt settlement proceedings in the NAR commission case, a judge has given his…
LJ Hooker calls on the government to help homeowners ‘right size’
The upcoming Federal Budget is an opportunity for the government to tackle the housing crisis by boosting construction…
Are safe rooms the modern home’s new ‘must-have’ feature?
Once purely the domain of Hollywood films, safe rooms are becoming an increasingly popular property feature, both here…
Community and compassion: how Matt Plunkett uses his real estate skills for charity
Matt Plunkett’s no stranger to calling an auction, but there are two each year that mean a lot…
Matthew Harvey joins Clarke & Humel on Sydney’s Northern Beaches
Clarke & Humel has embarked on the next phase of its growth strategy, appointing distinguished industry leader, Matthew…
REA Group reports surge in revenue growth
REA Group’s revenue has spiked 20 per cent on the back of strong Australian residential and commercial yield,…
NZ FHB’s making the most of lower prices
New Zealand first-home buyers have capitalised on lower property prices and other incentives, making up more than one-quarter…
Australian housing is ‘far from equitable’ and getting worse
The Australian housing system is likely to get worse for years to come unless the government fulfils all…
Deadline approaching for NSW assistant agents to extend their certificates
Eligible assistant agents in NSW have until 22 June 2024 to apply for an extension of their certificate…
WA Government dangles $5000 carrot to fill empty homes
The Real Estate Institute of Western Australia (REIWA) has welcomed a new State Government scheme that will offer…
Interest rates on hold but future hikes not ruled out
The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent at its May…
Slower growth ahead for Australian farmland
Australian farmland prices are set for further growth in the year ahead, but the pace is going to…
Brisbane’s ‘jaw’ dropping shark house
A house shaped like the jaws of a shark has been making a splash with the locals in…
How to transform neglected clients into lifelong partners
Staying in touch with past clients well after a property has settled is one of the fundamental ways…
Overseas immigration pushes rents higher in the inner city
Overseas immigration is driving up rents and the impact is being felt most of all in inner city…
The $6000 bus transformed into a funky weekender
An old, run-down Bedford Bus has been transformed into a funky weekender that also helped the owners earn…
Why Perth’s still not an auction market
Despite Perth property prices surging at the fastest rate in the country, agents and vendors are still reluctant…
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…
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…