Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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 brokerages and trade groups, engaged in anticompetitive practices to inflate agent fees.
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…
Council takes legal action on what could be the world’s worst home
A UK council has taken legal action against a homeowner with a derelict property where vegetation grows inside.
Sail away to your own slice of paradise on Victor Island
If you’ve ever wanted to own an island in the Whitsundays, now is your chance with Victor Island…
National median house and unit prices continue to rise
National house prices have tipped over the $1 million mark after a strong quarter of growth right across…
One-in-four eastern state homes paid for with cash
More than $120 billion worth of property was purchased in Australia’s eastern states with cash in 2023.
WA and Queensland renters in a world of pain
Western Australia and Queensland now lead the nation when it comes to rental hardship, according to the latest…
First National Port Stephens resurrect the famous ‘Chopper Ball’ for charity
First National Port Stephens has relaunched the famous “Chopper Ball” and has raised $62,016 to help support the…
What sellers want in a real estate agent
Today’s sellers want a real estate agent that will work hard to get the best outcome for them…
Japanese garden oasis for sale in the heart of Horsley Park
One of Australia’s most unique properties, featuring its own Japanese-style gardens, with pontoons and bridges has hit the…
Four years later: How Covid changed housing trends
In the four years since the onset of Covid, the housing market has seen prices surge 32.5 per…
Andre Agassi inspires Ready24 attendees to redefine success
More than 1000 real estate professionals packed Royal Randwick today for Ready24, eager to level up and further…
REA Group’s Ready24 raises $400,000 for charity
Ready24 has returned for another year, with the sold-out event set to raise over $400,000 for community organisations…
Modular construction and airspace development form part of plant to ease housing crisis
Building homes with more modular and prefab construction, along with using airspace over existing buildings for new development…
High-income households rent more, low-income renters face greater stress
The number of high-income households who choose to rent is on the rise, while lower-income renters are under…