Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
“Fundamentally broken” rental market crushing low income earners
Low income earners continue to be the hardest hit from the ongoing rental crisis, with renters in Sydney, Hobart and Canberra all but priced out of the market.
Francesca Packer-Barham’s luxurious Sydney apartment for sale
Francesca Packer-Barham’s opulent apartment in the renowned the Horizon complex is about to hit the market with a…
Greg Norman launches $300 million Sydney luxury estate
Golfing legend Greg Norman is back in Australia to launch a $300 million luxury residential community in southwest…
Secret payouts for properties stretching to centre of the Earth
In a quirky legal twist, dozens of homeowners who live above the troubled $10.8 billion West Gate Tunnel…
WA’s new short-term accommodation rules miss the mark, industry expert claims
The short-term accommodation market has long been the “whipping boy” for the rental crisis, but a Stayz director…
More high-profile departures from NAR after US commission case
National Association of Realtors’ (NAR) staff member Donna Gland has announced her retirement following the CEO's exit, as…
National vacancy rate hits record low… again
The national vacancy rate has hit a new record low of 1.02 per cent, according to PropTrack’s latest…
Harcourts Tasmania supports Street to Home program
One in 10 homes must be affordable to end homelessness
With the housing crisis leaving many Australians without a place to live, there are calls for one in…
Demand for share accommodation heats up
Demand for share accommodation is ramping up this year, with the number of people looking for a room…
WA rent relief to aid struggling tenants and landlords
Western Australia's peak real estate body has welcomed the State Government's new rent relief measures, saying they will…
Propic’s CLAIRE upgrade to revolutionise real estate customer service
Propic has completely rebuilt its innovative Artificial Intelligence technology, equipping its virtual concierge with more than 160 new…
The legal must-haves to take you from success to succession
With more and more principals planning early exits, it’s become increasingly important that you plan your succession strategically…
First home buyer demand across New Zealand hits a record high
Despite reduced housing affordability and higher living costs, first home buyers (FHBs) in New Zealand are buying homes…
Immigration surge putting short-term pressure on rental markets
The flood of overseas migrants is putting the rental market under extreme pressure in the short term and…
Australians believe energy-efficient features make properties more valuable
Seven out of 10 Australians believe energy-efficient features will make their homes more valuable, a new survey has…
Cup Day rate rise: RBA lifts interest rates to 4.35 per cent
The Reserve Bank of Australia has lifted interest rates for the first time in five months, hiking the…
How Ray White agents sold The Block house for a record profit
Sunday night marked a historic day for The Block, with Steph and Gian Ottavio, of House 4, selling…
Auction volumes hit an 18-month high as confidence returns
Spring selling season has seen a surge in the number of vendors taking their properties to auction as…
Fraudster Melissa Caddick’s penthouse takes a price cut
Sydney’s property scene has taken an intriguing turn with the price slashed on the luxury penthouse once owned…
NAR boss Bob Goldberg announces early retirement
Embattled National Association of Realtors Chief Executive Officer Bob Goldberg has brought forward his retirement.
Tough conditions for buyers across Queensland, South Australia and Victoria
Property buyers in parts of Queensland, South Australia and Victoria are facing the toughest buying conditions in the…
New real estate platform to help vendors sell without agent fees
A new real estate platform is set to shake up the traditional role of a sales agent, offering…
The interest ‘rates’ that stop the nation
It’s not often something steals the show on Melbourne Cup Day, but all eyes will certainly shift from…
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…
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…