Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Andrew Hauser appointed Deputy Governor of the RBA
The Federal Government has appointed Andrew Hauser as Deputy Governor of the Reserve Bank of Australia (RBA) for a five‑year term.
Home ownership hurdles: 2023 sees soaring costs, sinking affordability
Housing affordability has plummeted on three fronts in 2023, with simultaneous rises in rent values, housing values and…
Buying beats renting in over a third of Australian homes
Rent growth over the past 12 months means it’s still cheaper to buy than rent more than one-third…
Airspace development association aims to tackle housing crisis
A new association has been set up aiming to encourage the new construction process of airspace development to…
Summer’s approach spurs REIA to champion mutual agreements for tenant home modifications
Tenants looking to make moderate changes to a property they’re renting should reach out to their property manager…
Falling prices in some suburbs make it easier to buy in Sydney and Melbourne
With interest rates rising, buying conditions remain tough however, there are still locations where people can find both…
Wiseberry Heritage acknowledges renters with new Tenant of the Year winner
Wiseberry Heritage continues to appreciate the important role that tenants play in real estate, with the latest winners…
7 ways your agency can get the most value from AI
Generative AI could create between $110 billion and $180 billion in value for the real estate industry, but…
REIA President Hayden Groves to hand over the reins
Real Estate Institute of Australia (REIA) President Hayden Groves is set to finish up his term as head…
Barry Plant goes back to its roots with its rebrand and new offices
Barry Plant Group is set to rebrand with a fresh new look that takes the company back to…
Redefining leadership: real estate’s leading ladies gather in Sydney
Establishing themselves in a male-dominated industry, balancing life with work, and the leadership qualities needed to excel in…
New Zealand rents surged 6.1 per cent in the past year
New Zealand tenants aren't fairing much better than their Australian counterparts, with weekly rents rising 6.1 per cent…
National Home Value Index hits a new high
Australia’s property market has experienced a V-shaped recovery, with the national Home Value Index hitting a new record.
REIQ helps arm agencies against cyber attacks
The Real Estate Institute of Queensland (REIQ) is stepping up the battle against cyber criminals with the launch…
Jazz bands and nostalgia: Peter Brewer’s creative twist to sell treasured family home
When REIQ Chairman Peter Brewer set out to select the team to sell the family home, he knew…
Sydney’s blue-chip suburbs see values grow by more than $2 million in 10 years
The premium Sydney locations of Manly, Mosman and the Eastern Suburbs have seen home prices surge over the…
ANZ predicts next New Zealand interest rate move will be a cut
New Zealand interest rates will likely remain on hold until February 2025 at which time they will likely…
Dynamic duo reunites to take on Sydney’s South West
They say good things come in threes, and that’s certainly the case for The Agency’s newest property partners…
McGrath’s strategic Hills District merger
McGrath West, Northwest, Hills & Hawkesbury has merged with the Sciberras Group.
Indi Cleary is carving her own path in Penrith
If there’s one thing Indi Cleary knows, it’s that there are no shortcuts to success.
Listing levels back on track nationally
New listings surged in October, rising 17 per cent month-on-month nationally, according to the latest PropTrack Listings Report.
REIA wants to phase out stamp duty and boost supply to tackle housing crisis
The Real Estate Institute of Australia (REIA) has called for stamp duty to be phased out and lending…
Is this Australia’s most expensive rental property?
In an astonishing twist in the Australian real estate market, a lavish rental property in Bellevue Hill, Sydney,…
Remote investing surges as investors head to WA
Remote investing has taken off in 2023, with the distance between where landlords live and where they invest…
Is Queensland’s First Home Owner Grant all it’s cracked up to be?
The Queensland Government has doubled the state’s First Home Owner Grant but a property expert warns the offer…
Ray White’s annual conference uses curiosity to drive innovation and growth
The Ray White team has come together at their annual conference on the Gold Coast with a focus…
TOOP+TOOP leverages AI to revolutionise real estate tasks
The Artificial Intelligence revolution isn’t going anywhere and agencies need to embrace their curiosity and play with the…
Property values rise in more than 80 per cent of markets
The Australian property market continues to build steam, with new data showing 82.4 per cent of house and…
REIQ supports Queensland body corporate reforms
Body corporate reforms aimed at prohibiting smokers and making life easier for pet owners living in units, strike…
WA to halve CPD requirements in proposed self-funded model.
The annual CPD requirement for real estate agents in Western Australia will be halved to five points from…
Sydney leads global cities in luxury rental growth
Sydney has recorded the highest luxury residential rental growth of 10 global cities measured by Knight Frank in…
Victoria’s new ‘granny flat’ reforms to boost housing supply
New secondary dwelling reforms introduced by the Victorian Government will likely boost housing supply by around half a…
NAR seeks a “complete reversal” in US commissions case
The National Association of Realtors (NAR) are set to fight the decision against it in the Sitzer Burnett…
DocuSign and WhatsApp collaboration to streamline property deals
DocuSign has integrated with the world’s most popular messaging platform, WhatsApp, which will enable smoother, faster real estate…
OnTheHouse and Openn combine to bring private treaty sales online
CoreLogic’s consumer property research and listing platform, OnTheHouse.com.au, has strengthened its partnership with Openn, to bring private treaty…