Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Inflation remains steady, but rate cut hopes remain
The Consumer Price Index (CPI) remained unchanged at 3.4 per cent in the 12 months to February, however, experts believe rate cuts are still coming.
Sydney’s cost of living stifling investment
Sydney’s high cost of living is holding it back as an investment hub, despite being one of the…
A property manager’s rapid response brings tenant comfort after robbery
When a call came through to property manager Kat Byrne’s after hours number she was anticipating a potential…
Darwin property market on the cusp of major growth
Interstate investors are starting to pay attention to Darwin’s property market, potentially leading to the next growth phase…
Australian property market sees a surge in profitability
Even though transaction volumes increased at the end of 2023, the level of loss-making sales dropped to just…
Kolmeo now integrates with Inspection Express
Property management software provider Kolmeo now integrates with Australia’s premier inspection tool, Inspection Express.
First National celebrates its best performers
First National Real Estate has highlighted its best performers across the country in its state-based General Excellence and…
Calls to extend first home owner grant to established homes in WA
The Western Australian government needs to extend the First Home Owner Grant (FHOG) to established homes to help…
Canadian landlords call for “automatic eviction” rights
Landlords in Ontario, Canada, have launched an online petition calling for the “automatic eviction” for tenants who don’t…
Mum and dad builders targeting affordability and liveability
Mums and Dads looking to build a home in Victoria are increasingly targeting the “sweet spot” between location…
Australia’s only two-storey beach box up for grabs
What's believed to be Australia’s only two-storey beach box is up for grabs on the Mornington Peninsula, boasting…
Buyers and renters are increasingly worried about energy costs
The cost of living crisis is forcing both home buyers and renters to pay more attention to energy-efficient…
McGrath to sell to Knight Frank and Bayleys
John McGrath has struck a deal to sell McGrath Limited to Knight Frank and Bayleys, in a move…
Compass settles commissions law suit
Compass has agreed to a US$57.5 million settlement to resolve class-action lawsuits alleging the company, along with other…
Australia’s property market buckles as immigration hits a 70-year high
The Australian housing market is being put to the test after a record 765,900 new overseas arrivals landed…
REIQ: Queensland rental reforms are “unworkable”
The Real Estate Institute of Queensland (REIQ) has warned new rental reforms currently before parliament are extreme, unnecessary…
Architectural gem hits the Sydney auction market
One of Sydney’s most unique homes, a cantilevered architectural gem high above Middle Harbour, will go to auction…
New virtual reality technology to preview homes before they’re built
New virtual reality (VR) technology has been released that allows people to preview homes before they are built…
The Sunshine State tops the list for investors chasing yield
Queensland is shaping up as a top investment location for investors searching for a combination of high yields…
Australia one of the world’s happiest countries
Australia has been named the 10th happiest country in the world, according to the World Happiness Report 2024.
New tech creates professional 2D floor plans in 5 minutes
Listing Loop, a leading Australian PropTech that’s streamlined the property transaction journey with an all-in-one platform, has launched…
Numbers ‘not adding up’ for New Zealand investors
Despite rising rents in New Zealand, investor yields are still lagging behind mortgage repayments, forcing ‘Mum and Dad…
Unlocking Australia’s future: embracing housing density for affordable living
Australia needs to embrace greater housing density, particularly in the capital cities, as a means to combat the…
Stamp duty is holding us back from moving homes – we’ve worked out how much
If just one state of Australia, New South Wales, scrapped its stamp duty on real-estate transactions, about 100,000…
The power of praise: Unlocking leadership with Ray White
You must be prepared to praise your teams if you want to develop leadership was the message coming…
Rental bond subscription service to save tenants thousands and property managers time
A new subscription rental bond service has been launched that has the potential to save tenants thousands of…
Interest rates on hold as RBA says economic outlook remains ‘uncertain’
The Reserve Bank of Australia has opted to keep interest rates on hold at 4.35 per cent at…
NAR agrees to $418 million settlement in US commission case
The National Association of Realtors (NAR) has agreed to a US$418 million legal agreement that could see agent…
Busy start to 2024 with new listings surging in February
Capital city activity surged with the busiest February for new listings on realestate.com.au in over a decade, according…
Interest rates to stay on hold despite drop in inflation
Despite lower than expected inflation, economists don’t expect the Reserve Bank of Australia to cut interest rate before…
WA Rent Relief Program pays out $1 million in three months
Struggling WA renters have received more than $1 million as part of the State Government’s Rent Relief Program.
Richardson & Wrench scoop the pool at major awards night
Richardson & Wrench’s real estate network has swept the board in the 2024 RateMyAgent Awards, with its agents…
Distressed listings fall in all capital cities
The number of distressed listings has fallen substantially over the past year, as mortgage holders weather the interest…
Vacancy rates drop again to a record low 1.07 per cent
The rental crisis is showing no signs of easing just yet, with new data finding that the national…