Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Victorian land prices surge by up to $1 million
Victorian land values have exploded since 2020, with a number of areas seeing prices rise almost $1 million.
Over 96 per cent of homes resell at a profit
With property prices again on the rise, 96.3 per cent of sellers have locked in profits this year,…
Property values rise in one-in-three New Zealand suburbs
Home values have risen in 30 per cent of New Zealand suburbs according to the latest CoreLogic Mapping…
Victoria announces major overhaul to rental, planning and housing policy
The Victorian Government will introduce mandatory continuing professional development for real estate industry professionals and implement the biggest…
Eastell and Co. expands into Sunshine Beach in partnership with unrealty
A leading real estate agency that prides itself on excellence in prestige property service, Eastell and Co., has…
Aussie suburbs where upsizers will find the best value
Despite high property prices, tight inventory levels and rising interest rates, people looking to upgrade their homes to…
Digital Affordable Housing Register to help solve the housing crisis
Australia will become home to an Affordable Housing Register that will unlock the private sector to participate in…
Kolmeo launches flexible portfolio management options
Property management businesses will now have the ability to run multiple brands across their rent roll courtesy of…
$2.2 billion housing and infrastructure plan announced in NSW Budget
A $224 million Essential Housing Package has been announced as a major part of the NSW Budget as…
Home run for owner-occupiers as investors sit on sidelines
Current buyers looking for new homes are likely to be owner-occupiers, not investors, who want a standalone property…
The “big cities are back” as the property price rebound continues
Property prices are likely to continue to grow in the months ahead, after a “massive improvement” in conditions…
New listings soar across the country in August
New listings soared more than 20 per cent in August, with Sydney and Melbourne recording their busiest end…
PGIM to build co-living spaces in Sydney and Brisbane
Investment management company PGIM is planning to create a $750 million portfolio of co-living facilities across Sydney and…
Storia Estate Group launches in the luxury Brisbane Bayside market
Luxury Queensland agency, Chapter Estate Groups is rebranding to Storia Estate Groups, with the independent team narrowing its…
Restricting short-stay accommodation won’t ease the WA rental crisis
Short-stay accommodation in Western Australia has increased 16.2 per cent in the past 12 months, however, adding restrictions…
PropertyMate’s platform transforms home searches, wins industry support
A property search platform that enables consumers to search for their perfect home by lifestyle options is also…
Population growth to fuel Western Australia and Queensland hotspot growth
Australia’s population has grown to 26.5 million, with Western Australia the fastest growing state, according to new research…
Higher rates weigh on household spending
The Reserve Bank of Australia (RBA) might be getting close to the end of its hiking cycle, but…
Samantha McLean and Mark Edwards to gear up for 700km Thailand ride for underprivileged children
Elite Agent Publisher Mark Edwards and Managing Editor Samantha McLean have long sponsored the Digital Live Ride to…
Cleverly edited photos help sell cluttered home
A cluttered family home in South Australia, that wasn’t able to be presented to the market in its…
Property Council scholarship to promote women in property
A new scholarship aimed at promoting women in property has been announced by the Property Council of Australia…
Sydney’s super-prime home sales double
The number of super prime sales above US$10 million have doubled in Sydney, according to the latest Global…
Vacancy rates on the rise across the country
There are early signs of relief for struggling renters, with a new report showing vacancy rates have started…
Investors selling up as government threats push them out
New legislation, increased taxation, and potential rental reforms, including rent freezes, have led to 12 per cent of…
ATO to crack down on landlords this tax time
The Australian Tax Office (ATO) has warned it will crack down on landlords over claiming expenses and claiming…
Landlord ordered to pay tenant for not keeping property in “reasonable repair”
A NSW landlord has been ordered to pay a former tenant $2100 for not keeping a rental property…
$10 billion housing fund passes after Greens secure an extra $1 billion
After months of protracted negotiations the Housing Australia Future Fund Bill will finally pass the Senate this week,…
Top NSW BDM, Lochlan Grahame, joins Raine & Horne Group
Mr Grahame will play a crucial role in finding and onboarding new franchisees to further expand the Raine…
National vacancy rate hits new low of 1.1 per cent
The national vacancy rate has hit a new low of just 1.1 per cent after recording its largest…
Honest marketing plan sees hoarder house sell way above reserve at auction
A Central Coast hoarder house, complete with clutter and disarray has been sold for an astounding $160,000 over…
Toowoomba’s new social housing a “miracle” for struggling tenants
The first tenants have started moving into new social housing in Toowoomba in Queensland, with 15 more homes…
Housing affordability at the lowest level since 2008
Housing affordability continues to worsen across Australia with new data showing it now takes 45.9 per cent of…
2023 REINSW Awards for Excellence winners announced
REINSW has recognised outstanding industry achievement, crowning the winners of its 2023 REINSW Awards for Excellence.
Build-to-rent set to take off in Australia
Australia’s build-to-rent sector is set to grow to 55,000 dedicated units by 2030, with growth set to mirror…
Queensland property continues to bounce back, led by regional areas
Queensland property continues to go from strength to strength, with a number of regional locations recording double-digit annual…