Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Demand for share accommodation surges over summer
The housing crisis continues to force renters into share accommodation with demand for rooms soaring in January.
The Sydney suburbs where house prices are set to grow
A host of Sydney suburbs are set to see house prices grow by more than five per cent…
House and unit price gap hits record $300k in capital cities
The gap between capital city house and unit prices has never been wider, with detached homes now costing…
New Zealand sales volumes near 40-year lows
High interest rates continue to weigh on New Zealand's housing market, with monthly sales volumes seeing the second-slowest…
@realty celebrates a decade of innovation and success
This week @realty, a leading player in the real estate industry, is commemorating its remarkable 10-year anniversary.
The value of property purchases falls as buyers tighten their belts
Rising interest rates led Australian borrowers to tighten their purse strings last year, with the total value of…
McGrath posts $7.5 million profit and plan for more offices
McGrath now has 16 more offices and 81 more agents than it did a year ago, with a…
NSW Government floats levies and day caps on short-term rentals
Revenue levies and lower day caps are among the options the NSW Government will consider in a review…
New Zealand homeowners struggle to pay mortgage
New Zealanders are struggling afford a home, with higher interest rates and elevated property prices squeezing borrowers.
Forget about making zillions, Zillow posted a net loss for 2023
A fourth quarter surge in revenue hasn’t stopped US listings platform Zillow from posting a calendar year loss…
New listings surge in Sydney and Melbourne
A surge of sellers have listed their homes, with Sydney and Melbourne reporting the biggest jump in new…
Busselton leads the way for regional price growth in WA
The coastal community of Busselton in Western Australia’s South West was the top-performing regional centre for the December…
Ray White agents focus on process in 2024
The opportunity to have your best year ever will be dictated by your process was the message coming…
NSW vacancy rates ease as the rental crisis continues
In a small win for New South Wales renters, residential vacancy rates have eased in some areas, however,…
Regional areas emerge as sanctuaries from the rental crisis
The rental crisis continues to put renters under extreme pressure, however, new research has found a number of…
Consumer confidence boosts property market auction success
Consumer confidence is returning to the property market, resulting in higher than normal auction clearance rates.
Rent freeze would spell disaster for Canberra
The Greens latest proposal to freeze rents in the ACT would be a “catastrophe” for Canberran renters and…
REIA warns against over-favouring corporates in BTR investments
The Real Estate Institute of Australia (REIA) has cautioned the Federal government, not to prioritise foreign investment into…
REACH Australia and New Zealand unveils the class of 2024
A tech-driven, custom-tailored menswear brand, a resident experience company meeting the demands of modern living and a group…
Home sweet heart: buyers find love after moving
More than 40 per cent of recent home buyers haven’t just purchased bricks and mortar, but found love…
Tribunal denies BTR landlord a rent increase of $85 per week
A Canberra landlord who wanted to hike their tenant's rent by 20 per cent has had the move…
Stamp duty now costs up to six times more than a generation ago
Homebuyers are now paying up to six times more in stamp duty than a generation ago as incomes…
The Florida compound set to break records
A stunning compound in Naples, Florida, the features three homes has been listed for sale at an astounding…
How can housing values fall when demand is so high?
The housing crisis and ongoing demand for property due to population growth is being reflected most of all…
WeWork founder Adam Neumann looking to buy the company back
Five years after being ousted from WeWork, founder and former CEO Adam Neumann is looking to buy back…
Homes.com to launch $1 billion marketing campaign at the Super Bowl
When the Super Bowl kicks off at 10.30am on Monday, February 12, eyes won’t just be on the…
‘Right to disconnect’ laws could impact real estate
Proposed new laws allowing employees to ignore “unreasonable” contact from their bosses, and related third parties, after hours…
New laws aim to boost foreign investment in build-to-rent in Australia
The Property Council of Australia has welcomed the introduction of legislation to lower foreign investment application fees for…
New Zealand profitable resales rise as markets recover
The recovery in New Zealand's housing market has led to profitable resales rising for the first time in…
An insider’s look at the Friendly Auction system
When Chasse Ede walks a client through the Friendly Auction process he’s speaking from experience - as an…
Distressed listings jump 9 per cent in NSW
The number of distressed listings has risen across Australia, despite the number of total listings falling in January.
First National Bowral bounces back after losing everything in a fire
When a fire in Bowral took out 13 businesses including the First National Real Estate offices, principal Allan…
Vacancy rates fall again in the new year
Rental availability declined further in January, with the national vacancy rate falling to 1.09 per cent.
RBA keeps interest rates on hold at 4.35 per cent
The Reserve Bank of Australia has kicked off 2024 with an interest rate hold, electing to keep the…
McGrath unveils its comprehensive brand redesign
McGrath Founder and Chief Executive Officer John McGrath said it was a new era for the brand.