Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Still affordable opportunities for investors, as prices rise
Despite property prices rising substantially since 2020, there are still opportunities for investors to find good quality locations that are affordable.
Best Nest creates innovative rewards program to ease tenant vacate costs
An innovative property management agency on Sydney’s far western outskirts is set to introduce a new tenant rewards…
Another 7 locations for the rapidly expanding Better Homes and Gardens Real Estate network
The Better Homes and Gardens Real Estate brand is expanding its footprint by servicing an additional 7 new…
Major real estate firms suffer multi-million dollar losses as WeWork teeters on brink of collapse
Real estate firms who backed troubled shared workspace provider, WeWork, when it went public two years ago have…
New listings in Sydney hit the highest level in 14 years
Sydney has experienced the biggest surge in new listings since 2009, with vendors rushing to the market as…
Short-stay accommodation increase contributing to the rental crisis
A sharp increase in the number of homes being put up as short-term accommodation is adding to the…
Rising interest rates lead to poor mental health and increased stress
The impact of rising interest rates is taking a huge toll on borrowers, with 75 per cent of…
Reserve Bank keeps interest rates on hold for third consecutive month
The Reserve Bank of Australia has kept interest rates on hold for a third consecutive month as it…
Perth’s tight market sees prices and rents continue to rise
Low listings and rentals have kept upward pressure on home and rent prices across Perth, according to the…
“Buyers are back”, as higher prices boost confidence
The likelihood that rate hikes have ended and rising prices, has seen buyers return to the market according…
First National’s growth continues with new office in Gladstone
Anne Schofield will lead the office, with a commitment to making it the go-to agency in the area.
Housing affordability hits the worst level in three decades
The great Australian dream of home ownership is becoming a nightmare for many families, with new data showing…
Financial strain: 15 per cent of homeowners fear selling amidst rising costs
Distressed property sales could be on the rise according to new research which shows 15 per cent of…
QLD and WA suburbs continue to outperform
The property market across the country continues to look increasingly positive, with an expert tipping more growth is…
New listings off to a strong start this spring
The spring selling season appears to have started early with new listings growing 9.4 per cent across Australia…
Has the interest rate rising cycle run its course?
Two-thirds of experts believe interest rates have peaked, while 97 per cent say the Reserve Bank of Australia…
Property prices have bounced again in August
Spring selling season has arrived and property prices are continuing to heat up, with new data showing that…
NZ property prices inching closer to a “floor”
The “floor” in New Zealand property is getting close, with values falling just 0.2 per cent last month…
Ray White takes home several REIWA awards
REIQ announces Little as Large Residential Agency finalist
Little Real Estate's submission focused on the agency's year of transformation.
The suburbs where owners hold homes more than 20 years
Clarinda, in Melbourne’s south-east, has been named the country’s most tightly held suburb for houses, with homeowners holding…
Three reasons rent growth could slow in 2024
There could be some relief on the way for struggling renters, with rental growth likely to start slowing…
Sydney’s luxury rental growth surges 13.1 per cent
Demand for Sydney luxury property has continued to surge with new data showing that rents have increased 13.1…
@realty sold $2.59 billion in property last financial year
Despite rate rises and economic challenges, @realty has reported robust results in its End of Financial Year (EOFY)…
PEXA acquires environmental analytics company Land Insight
Digital property settlements platform PEXA Group is expanding their offering after acquiring environmental analytics company Land Insight.
REIA calls for more to be done to help ease rental crisis
The Real Estate Institute of Australia (REIA) is calling for an all-encompassing approach to deliver more homes and…
Strong yields on offer in new home markets
Investors looking to buy new house and land are able to achieve yields of more than 7 per…
It costs $75,000 less to build a new home closer to Sydney CBD
Housing built closer to the Sydney CBD could end up saving $75,000 in infrastructure-related costs per home according…
Katrina Garwood and Ian McCallum join The Agency in Tasmania
The Agency is expanding in Tasmania with the highly successful team of Katrina Garwood and Ian McCallum joining…
Affluent Sydney suburbs expected to outpace more affordable areas
Suburbs in the middle and upper end of the Sydney property market are expected to grow by as…
Strata managers struggling with verbal abuse and long hours
Strata managers are increasingly facing difficult working conditions, with nearly two-thirds facing verbal abuse from both owners and…
MyBrix set to shake up property finance
A peer-to-peer platform that enables buyers to fund and invest in Australian real estate is set to launch…
The Agency increases market share and poised for more growth in 2024
The Agency sold more homes in the 2023 financial year despite national market transactions dropping more than 20…