Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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 keynote speaker for Ready24.
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…
Fleeing the CBD: Australia’s rising rents force tenants to the fringes
Australia’s combined capital city rents have soared a further 10 per cent in the year to September, with…
Perth and Adelaide tenants battle skyrocketing enquiry rates amid rental crisis
Tenants in Perth and Adelaide are facing increasingly tough rental conditions, with super low vacancy rates sending enquiry…
Ballarat’s $3 million project adds 11 new homes for vulnerable Victorians
Delacombe, in the historic regional Victorian city of Ballarat, is the location of 11 new social and affordable…
New McGrath Lithgow and Rylstone offices evidence of surging demand from city buyers
McGrath Central Tablelands has launched a second and third office in the space of three months, with the…
Can housing keep up with Australia’s forecast population boom?
Australia’s population is set to grow by $7.4 million by 2041, requiring an extra two million homes across…
Rental costs rise sharply as vacancy rates hit record lows across Australia
The top 25 regions in the nation in Suburbtrends’ Rental Pain Index all scored either 100 or 99,…
One in 10 young adults forced to move back in with their parents
Increasing numbers of younger Australians are being forced to move back in with their parents as the cost…
First-home buyers dominate the NZ market
The number of New Zealand property sales in September were 8 per cent higher than a year ago,…
Landlord scores partial win in tussle over burst pipe claim
An Australian landlord is set to recover some of their $15,400 renovation costs following a ruling by the…
November sellers can achieve a premium price
Homeowners who want to sell should consider selling in November, with new data showing that sellers achieve a…
Transparency and efficiency: Why you need to get an inspection report upfront
Transparency is the key to establishing trust in any industry, but it holds particular significance in Australian real…