Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Will there be rental homes for new year movers?
There's no relief yet for tenants who are struggling to find a property to rent, with the rental vacancy rate remaining at a record low 0.8 per cent.
Tiny, but mighty, house on 30sq m wins national architecture award
A unique house with a tiny 30sq m footprint (about the size of a hotel room) has won…
Unlocking agent potential: Laing+Simmons’ innovative mentoring approach
A new Laing+ Simmons mentoring program that matches agents according to their values and personalities has already proved…
New Zealand property prices rise for the first time in 18 months
The first signs of a recovery in New Zealand property prices have begun with values increasing 0.4 per…
NSW overtakes QLD as most popular location for people leaving the cities
Regional New South Wales has overtaken regional Queensland as the most popular destination for people looking to move…
REIA’s plan to reduce the environmental impact of commercial property
The Real Estate Institute of Australia (REIA) has released a new report that outlines long-term measures commercial property…
Investor numbers fall 27 per cent even as prices rebound
Despite the strong rebound in property prices, investors continue to exit the market spooked by higher rates according…
From ordinary to extraordinary: The Block leaves lasting impression on property market
The 19th season of hit renovation show, The Block, may be nearing its finale, but it will leave…
Perth’s crazy fast property market sees homes sell in just over a week
Perth houses are selling almost twice as fast as they were a year ago, with buyers snapping them…
New brokerages sued after jury rules against agencies in antitrust commissions case
Just minutes after a federal jury ruled the National Association of Realtors and two major real estate companies…
Australian property prices hit a new record
The downturn is officially over, with property prices hitting a new peak after rising 0.36 per cent in…
REA Group secures multi-grand slam champion for its 2024 headline property industry event
REA Group has secured former world number one and eight time Grand Slam champion, Andre Agassi, as the…
ASQA to audit real estate training for standards compliance
The Australian Skills Quality Authority (ASQA) will monitor the performance and conduct audits of registered training organisations (RTOs)…
The home ownership dream feels out of reach for Millennials and Gen-Z
With property prices sitting at record highs a growing number of younger Australians feel that home ownership is…
Queensland’s top real estate professionals have their day in the sun
Real estate professionals from all over the Sunshine State were recognised for their outstanding achievements on Saturday, October…
All the winners at the 2023 REISA Awards for Excellence
On Saturday night, the elite of South Australia’s real estate professionals battled it out at the 2023 REISA…
Demand for regional property ‘here to stay’
The pandemic-infused flight to the regions is here to stay with a number of more affordable areas likely…
Chaotic auction sets a new record with 161 registered bidders for damaged home
When Cory Boyd and Keron Petzer listed the dilapidated home at 19 Billabong Drive, Crestmead, they had no…
Rental market is ‘extremely challenged’ as listings drop and rents soar
A chronically challenged rental market, fuelled by record low supply and soaring weekly rents, is creating a self-perpetuating…
Harcourts and REIP Nexus join forces
Taking charge to drive value for its network and their customers starts today under a commercial partnership struck…
Aussies could be making an extra $667 per month renting their spare room
Homeowners could be raking in an additional $667 every month if they rent out their spare room according…
REIA proposes plan to tackle housing crisis
The Real Estate Institute of Australia (REIA) has released bold suggestions to tackle the ongoing housing crisis and…
Queensland’s biggest property law shake-up in 50 years: REIQ flags some concerns
The Real Estate Institute of Queensland (REIQ) has largely welcomed the state’s new property laws, but warned there…
Investors flee Victoria causing more pain for tenants
Already in the grips of a rental crisis, investors are selling off their Victorian investment properties en masse,…
Surging immigration sees overseas buyers targeting Australian property
Overseas buyers are increasingly targeting Australian property, with new data showing online searches have surged back above 2019…
South Australia’s property market goes from strength to strength
South Australian property prices continue to rise, despite the headwinds of higher interest rates and economic uncertainty.
Inflation jumps as banks predict a November rate hike
Borrowers could be in for a Melbourne Cup day rate hike according to the major banks as the…
Buyers seek transparency: 72 per cent skip properties without prices listed
Property listings without prices are buyers' biggest pain point when searching for a new home on realestate.com.au, according…
First National equips property managers to handle domestic violence skilfully
In Australia, a domestic violence incident occurs every two minutes and with 88 per cent of incidents occurring…
Property market to recoup 2022 downturn by the end of the year
Australia’s property market has almost entirely recovered from the 2022 downturn and will do so by the end…
REIA looks to tackle real estate ethics score head-on
The Real Estate Institute of Australia (REIA) has taken a proactive approach to the industry recently being perceived…
First-home buyers opting for “memories not mortgages”
First home buyers are increasingly First-home buyers are increasingly opting for “memories not mortgages” as the high cost…
$6.23 billion defence boost to elevate Northern Territory economy and property market
A multi-billion dollar defence building boom in the Northern Territory is set to create more than 7500 jobs,…
3 things you need to know about the US buyer-agent commissions trial
Week one of the Sitzer/Burnett class action lawsuit has drawn to a close, in a case that has…
Building trust and breaking moulds: How Katie Kepner is elevating the real estate experience in Newcastle
Katie Kepner has always been crystal clear on the type of real estate agent she did and didn’t…