Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
‘Retiring renters’: Australia’s future crisis as home ownership falls 18 per cent for young adults
Home ownership rates have fallen almost 20 per cent in the past 40 years, with further headwinds propelling Australia towards a growing population of “retiring renters”, according to the REIA.
Rents likely to rise as vacancy rates fall again
There’s still no relief for struggling renters, with vacancy rates falling again in July.
Bunbury tops the list of promising regional locations
Bunbury in the southwest of Western Australia has emerged as a top growth candidate, as the state's population…
Soft new home sales to hit builders in 2024
Australia is on the cusp of home building hitting a decade low at the same time demand for…
Buxton forms Mornington Peninsula alliance with Holly Longmuir
Buxton's presence has expanded into the prestigious Flinders, Sorrento and Blairgowrie real estate markets.
REA Group identifies ways to ease the NSW rental crisis
Unlocking housing supply, including improved use of existing properties and streamlined government planning processes to boost fast and…
Social housing boost for Sydney’s Waterloo Estate
Almost 500 additional social and affordable homes will be added to Waterloo Estate, under revised plans for the…
Better Homes and Gardens Real Estate expands its network with 14 new agents
The new agents have grown the brand's footprint to cover 11 new locations along Australia's east coast.
FHBs need up to two decades to save for a home deposit
Young Australians hoping to get into a home of their own are needing to spend up to two…
Agents need to plan auction campaigns early ahead of a busy Spring
With listings set to rise this Spring selling season, it’s critical that agents start planning their auction campaigns…
Renters turn a blind eye to property flaws to secure a property
Renters are putting up with mould, bad smells and even being forced to share a room in a…
New Zealanders spending half their income on mortgage repayments
Despite property prices easing across New Zealand, mortgage holders are still spending nearly half their income on repayments…
New Zealand AI firm ListAssist selected for Miami pitch battle
New Zealand AI company ListAssist has been selected to compete in the Innovation, Opportunity & Investment Summit’s Pitch…
Troubled Chinese developer Evergrande files for bankruptcy
Troubled Chinese developer Evergrande has filed for bankruptcy in the US as it attempts to work out an…
40,000 low-income earners able to access the government’s shared equity scheme
Up to 40,000 low-income earners will get additional government help to purchase a home under the new Help…
New listings on the rise, with more stock on the way
New listings are on the rise in Sydney and Melbourne, but the smaller capital cities could be about…
McGrath posts $6.2 million profit with 18 new offices
McGrath has posted a solid net profit after tax of $6.2 million for the 2022-2023 financial year, despite…
Building industry says “yes we can” build 1.2 million homes
The building industry has thrown its support behind the Federal Government’s “ambitious” plans to build 1.2 million homes…
Further industry recognition for the award-winning McGill Group
Hot on the heels of taking out the award for Small Residential Agency of the Year in 2022,…
New listings on the rise in Sydney and Melbourne
New listings are rapidly rising across Sydney and Melbourne, setting up a busy spring for agents, according to…
Sydney’s vacancy rate tightens again putting more pressure on renters
Relief for Sydney tenants has been short-lived with new data showing the vacancy rate has fallen again in…
Western Australian regional towns record double-digit growth
Tight stock levels and heavy demand continue to put upward pressure on prices in most of Western Australia’s…
Realtair expands to New Zealand
PropTech Realtair has kicked off the start of its international expansion program, moving into New Zealand this week.
Industry applauds National Cabinet’s property reforms
A step in the right direction, game-changing, ambitious and sensible are just some of the terms real estate…
More new homes and rent limits on the way
David ‘Kochie’ Koch joins Compare the Market
Former Sunrise host David Koch has issued a challenge to Australians to switch and save on a “big…
Real estate group creates AI avatar to liaise with buyers
In an American first, a luxury real estate group in the US has created an AI avatar that…
High end regional property markets continue to struggle
Regional Australia’s housing market has declined over the past 12 months, with the high-end Covid hotspots continuing to…
The Block marketing campaigns launch on Domain
Buyers look set to fork out close to $3 million for the homes on season 19 of The…
Falling land sales to add to housing pain
Despite the ongoing housing crisis and record levels of immigration increasing demand for homes, land sales have collapsed.
The proportion of eco-friendly homes on the rise
The number of eco-friendly listings is on the rise, with more homes being both built and marketed with…
Opportunity knocks for new Harcourts Victoria BOM
Returning home to Melbourne was a dream come true for Isabella Webb, Harcourts Victoria’s new Business Operations Manager.
Apartments emerge as a top investment candidate
Strong demand for apartments has made units an enticing proposition for investors, with a host of locations likely…
US-based Compass is cash flow positive for the first time since going public
Compass, the largest real estate brokerage in the US, has posted a profit for the first time since…
Art the leading luxury investment, not real estate
Art has topped the list of best-performing luxury investment class ahead of other popular categories including watches, jewellery…