Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Rents hit another record high but growth likely to slow
Tenants continue to feel the pressure of the housing crisis, with rents surging to a record high and passing $600 per week.
Inside the Brisbane home used in Boy Swallows Universe
A trio of Brisbane homes have showcased the Queensland capital to the world as part of the hit…
Kolmeo’s new workflow checklists to help save time and money
Property management software provider Kolmeo has launched its latest innovative feature - workflow checklists.
US commission lawsuit takes aim at 35 agencies and industry groups
A major commission lawsuit has been filed in California that names more than 35 defendants, including the National…
Over two-thirds of mortgage holders struggle to make repayments
Life isn’t getting any easier for mortgage holders, with over two-thirds struggling to make their repayments according to…
Rising construction costs signal a return to trend
Construction cost increases have started to reaccelerate, but experts believe this is just a return to trend and…
Developers struggle to sell off the Paris Olympic Village
Developers building the Paris Olympic Village are struggling to sell the apartments once the Games are finished, due…
Zillow’s new feature helps renters build credit history
US real estate platform Zillow will introduce credit-building payment reporting so tenants who pay their rent on time…
Queensland rental crisis: vacancies dip, social housing queue soars
Queensland’s vacancy rate has continued to fall, while the state’s social housing waiting list has climbed to 43,000.
Academics say first-home buyers shouldn’t buy now
First-home buyers should be cautious about purchasing in the current market, according to academics.
Industry leaders unite at theOne Conference: pioneering success strategies for real estate in 2024
Win January and you win then you win the rest of the year was the main message from…
Mathew Tiller: Property market more balanced in 2024
Increasing stock levels will create a more balanced property market in 2024, but prices will still climb, according…
NSW vacancy rates ease but crisis far from over
Renters across NSW have seen a slight reprieve in December with vacancy rates rising but the rental crisis…
Premier Chris Minns: NSW won’t meet housing targets
New South Wales Premier Chris Minns has waved the white flag and admitted the state has “no chance”…
Perth price growth set to continue in 2024
Perth house prices could grow as much as 10 per cent this year, with rising interest rates failing…
New Zealand property prices rise for the third straight month
The rebound in home prices across New Zealand has continued, with prices rising 1 per cent in December…
Is Adam Neumann’s apartment venture already struggling for money?
Adam Neumann's new apartment venture, Flow, looks to have encountered financial difficulties with its earliest acquisitions.
Property portal Homely celebrates its 10th birthday
A decade after a poor home buying experience left Jason Spencer lamenting the fact he couldn’t read street…
First-home buyers surge, defying rising costs and rates
First-home buyers are fighting back against rising interest rates, the increased cost of borrowing and the increasing cost…
The best properties on the market right now with great tennis courts
With the Australian Open getting underway, tennis fever is back and more people than ever are wanting to…
Tenants who took on their landlords and won
It’s been a tough year for renters with a lock of supply and rising rents and it’s meant…
Auction Snitch app to boost price transparency in property market
Two Sydney entrepreneurs, with a background in real estate and tech projects, have launched a new app that…
Temporary buyer window opens in slowing Sydney luxury market
Price growth in Sydney’s luxury property market is starting to slow down opening up a ‘temporary window’ to…
REIQ calls for stamp duty concessions to keep up with rising property prices
The Real Estate Institute of Queensland (REIQ) has called for the stamp duty concession threshold for first home…
NAR president Tracy Kasper resigns in shock move
The turmoil at the top at the National Association of Realtors (NAR) has continued with president Tracy Kasper…
Vacancy rates ease in December
After a tough year for renters, there are some early signs that relief might be on the way…
Relief for renters as house rents remain steady
After a tough few years for renters, there is now a glimmer of hope with house rents across…
Housing approvals remain at low levels
Despite surging demand and already low stock levels, new house building approvals numbers have fallen, with the Government’s…
Over 100 Gold Coast properties to be auctioned at The Event
Over 100 properties are set to go under the hammer at the iconic Gold Coast auction day The…
Raine & Horne acquires New Zealand’s Mike Pero Real Estate network
Australian real estate brand Raine & Horne is expanding its reach after acquiring the nationwide Mike Pero Real…
The top 50 residential real estate influencers for 2023
There is rarely a dull day in real estate. From mergers and acquisitions, record sales and the AI…
Geared for growth on the Gold Coast
The Gold Coast real estate market has emerged as a standout success story in the wake of the…
Barry Johnston named new REINSW president
The Real Estate Institute of NSW (REINSW) has named Barry Johnston as its new president.