Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Tenants union calls for empty home levy in Tasmania
The Tenants Union of Tasmania has called for an empty home levy after discovering almost 1000 homes were left empty in the state last year.
Median household incomes can only afford 39 per cent of rental properties
Rental affordability is at its worst level in almost two decades, with households earning a median income of…
A landlords’ burden: Expert calls to cut ‘regressive’ taxes
A prominent property market analyst and buyer’s agent has called for governments to slash “regressive taxes” such as…
Tiny Sunshine Coast cottage gets 104 bids at auction
A tiny Sunshine Coast cottage, that looks like your grandma’s house, received a staggering 104 bids at action…
New housing lending continues to drop
The value of new housing lending fell in January for the second consecutive month, according to the latest…
Auckland landlord ordered to pay huge fine for property unfit for humans
In a landmark Tenancy Tribunal decision, a West Auckland landlord has been fined NZ$69,563 (AUD$65,125.95) for serious violations…
More Australian women own property than men but struggle with early entry
More Australian women own property than their male counterparts but are more likely to do so later in…
Real estate employees to be awarded excess travel time
The Fair Work Commission (FWC) has clarified the way in which employees are to be paid for the…
Housing affordability has reached the lowest level in 20 years
Housing affordability is at its lowest level in 20 years, with interest rate increases putting homebuyers under extreme…
Little Real Estate celebrates zero gender pay gap
A leadership team equally made up of men and women, workplace flexibility and an ethos of equality and…
Queensland and Victoria hold property investment gems
Investors should look towards Queensland, Victoria and Sydney’s west, where tight supply and steady demand are likely to…
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…
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…