Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Auction volumes hit the highest level in more than 12 months
Spring selling season is well and truly back in force with new data showing that auction volumes have spiked to the highest level since May 2022.
PEXA to strengthen UK expansion with acquisition of Smoove
Digital property exchange platform PEXA is set to acquire UK-based e-conveyancer, Smoove, in a $58.6 million (£30.8 million)…
Presence makes its mark in the Newcastle and Lake Macquarie real estate landscape
When Mark Kentwell rebranded his Newcastle-based real estate business to Presence recently, he did so with a clear…
World’s tallest timber tower gets the go ahead in Perth
A groundbreaking development in South Perth has received approval to become the world's tallest hybrid timber tower.
Nationwide housing drought: Australia’s vacancy rates plunge to record low
Australia needs up to 70,000 additional rental properties to create a balanced market, which is a need unlikely…
Owner-occupiers lead the uptick in new lending
New lending is back on the rise after increasing 2.2 per cent in August, however, the overall level…
BresicWhitney helps Vinnies turn art into aid
Boutique Sydney real estate group, BresicWhitney has joined forces with the St Vincent de Paul Society to help…
Foreign investors selling back Australian agricultural land
The price of Australian farmland has surged in the past three years, with strong interest from overseas, but…
Top Victorian agent goes out on his own
Gavin Staindl has joined forces with his current boss to set up Ray White’s newest office in the…
Interest rates on hold for fourth month in a row
The Reserve Bank of Australia has kept interest rates on hold at 4.1 per cent for the fourth…
Adelaide leads the way as Australian home values rise for eighth straight month
Home values have risen 0.8 per cent in September as the nation’s supply and demand imbalance pushes prices…
New zero per cent deposit home loan option for homebuyers
A new home loan product that allows homebuyers to purchase a property with a zero per cent deposit…
Interest rates tipped to hold this month but experts warn hikes may not be over
Real estate and economic experts have tipped the RBA to keep the cash rate on hold at Tuesday’s…
Lower prices for unrenovated homes starting to entice buyers
Rising construction costs, led by shortages of trades, are making buyers wary of unrenovated homes, however, lower prices…
Rents set to keep rising across the country
Rents are expected to keep on rising in Sydney, Melbourne and a number of the smaller capital cities…
Increasing number of homeowners selling in under three years
Short-term selling is on the rise, with homeowners trading their property after owning them less than three years.
Brisbane to claim both (property) grand finals
Maybe it’s an omen. If this weekend’s footy grand finals were based on property, and not players, Brisbane…
View Media Group launches new real estate portal
Antony Catalano’s View Media Group (VMG) has launched property portal view.com.au, with an innovative listings model where sellers…
US home values are up $2.6 trillion in 12 months
US home prices have bounced back from last year's short-lived downturn with values up $2.6 trillion in the…
First in best dressed: How top agents are gaining market share using AI
In the dynamic and fast-paced world of real estate, securing leads and gaining a competitive advantage can make…
Knockdowns and rebuilds don’t always mean gentrification and rising prices
Suburbs that are seeing a high number of homes being knocked down and rebuilt doesn’t necessarily mean the…
House prices set to surge by June 2025
House prices will rise almost 15 per cent nationally by June 2025, with limited property supply, heavier migration…
QLD and NSW aren’t releasing enough land to meet surging population
New South Wales and Queensland are not releasing enough land to keep up with surging population growth, according…
Gold Coast trophy home sets new auction record
Queensland has a new auction record after a luxury Gold Coast estate with views that span from Main…
‘Hostile’ rental conditions see tenants paying 41 per cent of their income on rent
The ongoing rental crisis is making life hard for renters in WA, SA, and QLD, with some suburbs…
Harcourts helps to beat the blues with bids
Harcourts will take its Blue Friday charity auction day international in 2024, courtesy of the event’s amazing success…
Auction numbers surge, clearance rate remains steady
Australia’s auction market is holding steady, with solid clearance rates last week, as the number of properties going…
Short-term loss-making sales have increased
Higher interest rates could be pushing sellers to accept a loss, with new data from CoreLogic showing the…
Sydney property is overvalued but not at risk of entering a property bubble
Sydney real estate might be overvalued, but it’s not at risk of being in a bubble according to…
Agencies pay millions to settle lawsuit over agent commissions
US-based brokerage RE/MAX has reached a settlement in two class-action lawsuits filed against it over agent commission payments.
Vacancy rates on the rise across NSW
In positive news for NSW renters, vacancy rates continue to rise, however, conditions still remain tighter than prior…
Another 92 social and affordable homes for QLD
In a bid to help ease the ongoing housing crisis, the Queensland government is funding the construction of…
Financial fortitude: Building a robust cashflow strategy to survive rough times
When it comes to property investment and development, having a solid cashflow strategy is paramount to thriving in…
Industry experts react to Victorian Government real estate reforms
Entry Education has confirmed it will be a provider of the Victorian Government’s new mandatory continuing professional development…
El Nino’s knock-on effect: How weather could impact Australia’s property market
As Australia prepares for a hot and dry El Nino summer, a respected buyers’ agent has warned there…