Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Building approvals can’t keep up with record immigration
Australia’s record level of immigration is outpacing new construction which means the housing crisis is only going to get worse according to an expert.
Vibrant auction market bodes well for Autumn selling season
Buyer confidence appears to have returned just in time for the Autumn selling season, with auction volumes and…
The Australian BTR sector set to outperform
The Australian Build-to-Rent sector (BTR) has the potential to outperform over the next decade with commercial investors needing…
Simon Cohen to star on Seven’s Dream Home
High profile buyer’s agent and Elite Agent cover agent, Simon Cohen, has been named as one of three…
NSW assistant agents now able to apply for registration extension
The NSW Government has offered more than 14,000 assistant agents the chance to apply for an extension of…
Artificial Intelligence saves Aussie workers 6 hours per week
More than 85 per cent of white collar Australian workers now use AI in their workplace, and estimate…
Sydney mansion Rockleigh quietly for sale with price hopes of $100 million
Hot on the heels of the iconic Elizabeth Bay mansion Boomerang selling for about $80 million, another well-known…
Perth buyers forced to turn to units as market remains tight
Tight stock and strong competition are forcing Perth buyers to turn to units according to The Real Estate…
Property tax overhaul: REIV’s bold call to spur investment
The Real Estate Institute of Victoria (REIV) has called on the State Government to review its property tax…
National vacancy rate hits a new record low
The national vacancy rate has plummeted to a new record low of 0.7 per cent, although there does…
Could superstar Elton John be moving to Sydney?
The lower north shore's VIP real estate circles are abuzz with speculation that Elton John, the illustrious musician,…
Home price growth reaccelerated in February
Home prices across the country have hit a fresh new high, with growth reaccelerating despite affordability worries.
REIA to represent Australia at climate forum in Paris
The Real Estate Institute of Australia (REIA) is sending a representative to the upcoming Buildings and Climate Global…
Queensland house prices jumped 3.88 per cent last quarter
The Queensland property market continues to go from strength to strength with new data showing house prices rose…
Perth, Gold Coast the strongest luxury markets in 2023
Despite higher interest rates weighing on some property markets, luxury residential property in Australia has remained resilient, especially…
Nigel O’Neil takes the reins at Woodards
Nigel O’Neil has been named as the new Chief Executive Officer at Woodards, with network growth and developing…
Perth shines in property boom as Sydney and Melbourne rally
Perth remains the hottest capital city property market in Australia, but Melbourne and Sydney are making a comeback,…
Stable inflation sparks optimism for the RBA’s next move
Industry experts are quietly confident the Reserve Bank of Australia will leave interest rates on hold when it…
Ray White call-a-thon generates 8000 appraisals
Ray White agents from across Australasia have booked more than 2000 appraisals an hour as part of the…
Perfect storm sees homelessness in WA soar
A “perfect storm” of soaring rents, rock bottom vacancy rates and the cost of living crisis has plunged…
City slickers still look to the regions, especially the Sunshine Coast
The Sunshine Coast has surged ahead as Australia’s most coveted region for movers, capturing a record share of…
Property values to increase but rate of growth likely to slow: HTW
Property price growth rates are set to slow down over the remainder of 2024, according to the latest…
Time running out for ACT agents to complete Class 1 licence renewal
Come July 1, real estate agents in the ACT, who transitioned to a Class 1 licence status following…
Buying Boost turns homeowners dreams into reality
Would-be homeowners currently locked out of the real estate market, due to not being able to save all…
Australia to miss housing target by 200,000
Australia will likely fall almost 200,000 homes short of the Federal Government’s ambitious plan to build 1.2 million…
Regional areas outpace capital cities for growth
Despite affordability constraints and rising interest rates regional property prices have outpaced the capital cities over the past…
What the Right to Disconnect legislation means for you
Clear education and communication will be the key to the real estate industry navigating the new Right to…
PEXA revenue jumps 16 per cent in first half of financial year
Online conveyancer PEXA has seen its revenues jump 16 per cent over the first half of the 2024…
RE/MAX Australia unaffected by US leadership shuffle
RE/MAX LLC President and Chief Executive Officer Nick Bailey has been replaced as head of the franchisor in…
Luxury development skips the showroom in favour of Virtual Reality
A new Queensland development is changing the way off-the-plan properties are sold, with the sales team embracing Augmented…
Tasmania’s bold housing plan: pets, tax cuts, and eco upgrades promised
The Tasmanian Government has vowed to allow pets in rental properties, boost its Private Rental Incentive Scheme and…
Ray White encourages their agents to ‘get uncomfortable’ to grow
Get prepared to be uncomfortable if you want to grow was the message coming out of Ray White’s…
You can now rent out your pool for extra income
Pool owners are now able to make extra income by renting out their pools on the side with…
Are first-time buyers really closer to home?
First-time buyers can save a 20 per cent deposit two months faster now than they could a year…
Australian property professionals drag their feet on AI
More than one-third of property professionals believe Artificial Intelligence (AI) will have a “revolutionary impact” on the sector,…