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Industry News

Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.

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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.

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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…

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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…

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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…

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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…

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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…

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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…

Industry News

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…

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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…

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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…

Industry News

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…

Industry News

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…

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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)…

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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…

Industry News

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…

Industry News

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…

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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…

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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…

Industry News

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…

Industry News

Harcourts  and REIP Nexus join forces

Taking charge to drive value for its network and their customers starts today under a commercial partnership struck…

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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…

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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…

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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…

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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,…

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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…

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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.

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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…

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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…

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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…

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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…

Industry News

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
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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…

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$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,…

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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…

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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…