Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Vacancy rates ease but market remains exceptionally tight
You wouldn’t call it a Christmas gift, but vacancy rates eased slightly in November, with the national vacancy rate up .04 percentage points in November.
Australia’s top-growth suburbs saw values rise 30 per cent
The top-performing suburbs across the country, saw their values surge more than 20 per cent this year according…
Housing affordability drops to a new low
Australians are struggling to afford housing like never before as rising interest rates and soaring housing and rental…
Foreign investment fees up, aiming to ease Aussie housing crisis
The Federal Government will triple foreign investment fees for the purchase of established homes and double ‘ghost house’…
Agency operating costs and commissions impacting profit margins
Challenging market conditions over the past few years with rising costs and declining commissions have been weighing on…
Store linked to bushranger Ned Kelly hits the market
A Benalla store where Ned Kelly battled with police has hit the market for the first time in…
Perth house prices hit a new record high
Strong demand for property in Perth has seen the median house price hit a record high of $585,000…
RBA appoints a new chief economist and assistant governor
Sarah Hunter has been appointed chief economist and assistant governor (Economic) at the Reserve Bank of Australia (RBA).
Property prices could rise 4 per cent next year
The rebound in the property market is expected to continue in 2024, with values to rise by up…
Aussies are stashing cash in their offset accounts
Borrowers are stashing spare cash in their offset accounts in a bid to help fend off higher interest…
The Block serial buyer Danny Wallis to offload his 11 Victorian properties
One of the biggest buyers on The Block, Danny Wallis, is set to sell all of Victorian investment…
Buxton Hampton East celebrates 25 years of excellence in real estate
The Buxton Hampton East office is proud to announce the celebration of its 25th anniversary, marking a quarter-century…
Leanne Pilkington named president of REIA
A powerhouse trio of female real estate experts will lead the Real Estate Institute of Australia into 2024,…
Darwin property market poised for major growth
Double digit property price growth is tipped for Darwin in 2024, with one expert forecasting a return to…
Confidence returns as auction volumes hit a 19-month high
Vendors have been busy trying to sell their properties before the Christmas break, with capital city auction volumes…
Australians under extreme financial stress compared to 2020
Despite the Reserve Bank of Australia (RBA) keeping rates on hold, Australians are still facing mounting financial stress…
Aussie mortgage holders spared a Christmas interest rate rise
The Reserve Bank of Australia has provided mortgage holders a Christmas time reprieve, electing to keep interest rates…
Renters facing a tight changeover period as vacancy rates remain low
The traditional summer changeover period is shaping up as an incredibly challenging period for renters with the latest…
Leading Cairns agencies join Ray White
Top Cairns agents Ray, David and Sharyon Murphy are rebranding their market-leading agencies, to become Ray White Cairns…
QLD unit prices ‘awaken from their slumber’
QLD home buyers are starting to chase affordability with new data showing that unit price increases are starting…
Real estate networks champion charitable causes
Real estate agents are a philanthropic bunch and with Christmas just around the corner, three networks have given…
See inside the tiny apartment worth $500,000
A minuscule apartment in Bondi Beach has been snapped up at auction for a staggering $511,000, surpassing its…
Australia’s most viewed properties in 2023
A chapel with a graveyard, a fixer-upper with 19 bedrooms, a house from The Block, an abode with…
Borrowers to be spared a Christmas interest rate hike
This week’s lower-than-expected inflation number is shaping up as an early Christmas present for borrowers, with the Reserve…
New Zealand property prices continue to recover
Property prices in New Zealand ticked higher last month adding to the recent string of increases suggesting the…
Property prices hit record high despite growth slowing
Australian property prices have hit a new record high, climbing 0.22 per cent in November, according to PropTrack.
The RBA was ‘too hasty’ in raising interest rates again
The Reserve Bank of Australia (RBA) might have been too hasty in hiking interest rates last month, with…
Sydney super prime sales buck the worldwide trend
Rising interest rates have been slowing down the super prime market around the world, however, Sydney has bucked…
US home sellers file another commission lawsuit
Another lawsuit has been filed in the US against the National Association of Realtors (NAR) and major real…
Property prices tipped to rise further in 2024
Combined capital city house and unit prices are tipped to reach a record high in 2024, after price…
Two-thirds of buyers and renters want energy-efficient homes
Increasing energy costs are leading homebuyers and renters to turn towards energy-efficient homes according to a new report.
Help to Buy scheme set to get more people into a home
Thousands of Australians looking to buy a home and struggling with affordability will soon get more government help,…
Sea change out, tree change in: Australians flock inland for an affordable lifestyle
Buyers are swapping the beach for the bush when it comes to relocating to more affordable regional areas,…
Unlocking confidence in Australia’s property market: agents hold the key to easing frustration and uncertainty
Australians are feeling frustrated, unbalanced and uncertain about the current property market, providing agents an opportunity to solve…
Reforms needed to boost housing supply
Reform is needed to help boost housing supply amidst an unprecedented population increase according to an expert.