Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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 group’s 14th Real Estate Of Origin (REOO) this week.
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…
Australia to miss housing target by 200,000
Australia will likely fall almost 200,000 homes short of the Federal Government’s ambitious plan to build 1.2 million…
Regional areas outpace capital cities for growth
Despite affordability constraints and rising interest rates regional property prices have outpaced the capital cities over the past…
What the Right to Disconnect legislation means for you
Clear education and communication will be the key to the real estate industry navigating the new Right to…
PEXA revenue jumps 16 per cent in first half of financial year
Online conveyancer PEXA has seen its revenues jump 16 per cent over the first half of the 2024…
RE/MAX Australia unaffected by US leadership shuffle
RE/MAX LLC President and Chief Executive Officer Nick Bailey has been replaced as head of the franchisor in…
Luxury development skips the showroom in favour of Virtual Reality
A new Queensland development is changing the way off-the-plan properties are sold, with the sales team embracing Augmented…
Tasmania’s bold housing plan: pets, tax cuts, and eco upgrades promised
The Tasmanian Government has vowed to allow pets in rental properties, boost its Private Rental Incentive Scheme and…
Ray White encourages their agents to ‘get uncomfortable’ to grow
Get prepared to be uncomfortable if you want to grow was the message coming out of Ray White’s…
You can now rent out your pool for extra income
Pool owners are now able to make extra income by renting out their pools on the side with…
Are first-time buyers really closer to home?
First-time buyers can save a 20 per cent deposit two months faster now than they could a year…
Australian property professionals drag their feet on AI
More than one-third of property professionals believe Artificial Intelligence (AI) will have a “revolutionary impact” on the sector,…
Demand for share accommodation surges over summer
The housing crisis continues to force renters into share accommodation with demand for rooms soaring in January.
The Sydney suburbs where house prices are set to grow
A host of Sydney suburbs are set to see house prices grow by more than five per cent…
House and unit price gap hits record $300k in capital cities
The gap between capital city house and unit prices has never been wider, with detached homes now costing…
New Zealand sales volumes near 40-year lows
High interest rates continue to weigh on New Zealand's housing market, with monthly sales volumes seeing the second-slowest…
@realty celebrates a decade of innovation and success
This week @realty, a leading player in the real estate industry, is commemorating its remarkable 10-year anniversary.
The value of property purchases falls as buyers tighten their belts
Rising interest rates led Australian borrowers to tighten their purse strings last year, with the total value of…
McGrath posts $7.5 million profit and plan for more offices
McGrath now has 16 more offices and 81 more agents than it did a year ago, with a…
NSW Government floats levies and day caps on short-term rentals
Revenue levies and lower day caps are among the options the NSW Government will consider in a review…
New Zealand homeowners struggle to pay mortgage
New Zealanders are struggling afford a home, with higher interest rates and elevated property prices squeezing borrowers.
Forget about making zillions, Zillow posted a net loss for 2023
A fourth quarter surge in revenue hasn’t stopped US listings platform Zillow from posting a calendar year loss…
New listings surge in Sydney and Melbourne
A surge of sellers have listed their homes, with Sydney and Melbourne reporting the biggest jump in new…
Busselton leads the way for regional price growth in WA
The coastal community of Busselton in Western Australia’s South West was the top-performing regional centre for the December…
Ray White agents focus on process in 2024
The opportunity to have your best year ever will be dictated by your process was the message coming…
NSW vacancy rates ease as the rental crisis continues
In a small win for New South Wales renters, residential vacancy rates have eased in some areas, however,…
Regional areas emerge as sanctuaries from the rental crisis
The rental crisis continues to put renters under extreme pressure, however, new research has found a number of…
Consumer confidence boosts property market auction success
Consumer confidence is returning to the property market, resulting in higher than normal auction clearance rates.
Rent freeze would spell disaster for Canberra
The Greens latest proposal to freeze rents in the ACT would be a “catastrophe” for Canberran renters and…
REIA warns against over-favouring corporates in BTR investments
The Real Estate Institute of Australia (REIA) has cautioned the Federal government, not to prioritise foreign investment into…