Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Victorian properties at high risk of damage from rising seas
By 2100 more than 150,000 Victorian properties could be at high risk of damage from sea level rise and storm surge, according to new research on the impact of climate change on the state.
First National Real Estate Cleveland expands rent roll
In a major milestone, First National Real Estate Cleveland has confirmed its status as the largest rental business…
Million-dollar brothers return home to LJ Hooker
Million-dollar agents Ben and Jonas Leong have returned to Brisbane-based LJ Hooker Property Partners, the network’s reigning Top…
First home buyers saving deposits faster
First home buyers are saving almost $200 more per month than they were last year but it still…
Why a lower cash rate likely equals lower rents
With the cash rate still expected to peak this year, tenants are likely also in for a reprieve,…
National Property Manager’s Day: Celebrating ‘the heart of every agency’
Kirsten Williams and Maree Chisnall have been named the Australian and New Zealand winners of MRI Software’s 1:1…
Not another real estate agency in Terrigal – or is it?
Coast Realty has a new Terrigal headquarters.
Are international students behind Australia’s housing crisis?
International students could absorb 70 per cent of the new homes built in Australia between now and 2028,…
South Australia set to ban no-cause evictions under new rental changes
South Australia is set to be the next state to reform its rental laws, with tenants to be…
Top auctioneer joins Ray White Ferntree Gully
Fabian Sanelli has joined the team after a decade in real estate.
No Commonwealth Games, but more social housing
The Victorian Government has committed to spending $1 billion on more than 1300 social housing homes across the…
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Trend towards lifestyle locations set to continue
Queensland and Western Australia are set to be the big winners as people continue to flee the big…
Unit prices surge across Melbourne
Unit prices in Melbourne have bounced back strongly, with some suburbs seeing quarterly growth as high as 25…
MRI Software acquires PropTech services leader Loci Solutions
MRI Softward has acquired Loci Solutions Group, an Australian PropTech consulting and outsourced managed services company serving commercial,…
An “extended pause” on the cards for interest rates
The ANZ bank has predicted the Reserve Bank of Australia will keep interest rates steady in an "extended…
Queensland Government reviewing new rental laws to stop landlords skirting rent rise rules
The Queensland Government is reassessing regulations curbing rent increases in light of allegations suggesting property owners are exploiting…
Queensland tenants forget millions in bond money
More than 110,000 Queensland tenants have forgotten to reclaim a collective $52 million in rental bonds, according to…
Homeowners forced to work 3.6 weeks per month just to pay their mortgage
If it feels like you’re working all week long just to end up with nothing to show for…
New housing construction continues to decline but costs are easing
Despite record demand for homes, the latest ABS construction data shows the pipeline of new homes continues to…
Michele Bullock named new RBA Governor
Reserve Bank of Australia Governor Philip Lowe will step down at the end of his term in September,…
Gold Coast real estate agency ordered to compensate tenants for property maintenance issues
A Gold Coast real estate agency has been instructed to pay substantial compensation to tenants of a prestigious…
New listings rise in some capitals but down nationally
New listings and total listings may be down at a national level, but some capital cities recorded a…
Commercial sales drop as interest rates bite
Higher interest rates have hit commercial property hard, with sales activity down 37.6 per cent on last financial…
Former Fairfax family estate hits the market for $12 million
A stunning country estate that was built for media mogul John Fairfax's grandson, has hit the market with…
Victorian investors are selling up over costly land tax
Stockdale & Leggo agencies across Victoria have reported a large number of mum and dad investors selling up…
Perth’s growing population to support property market prices
Perth’s property market has managed to defy 12 interest rate hikes and remain resilient, with strong population growth…
Ray White Marine in maritime merger
The merger with Ahoy Club allows the company to increase its market share in Australia and New Zealand,…
NSW Government appoints first rental commissioner
The NSW Government has appointed its first-ever rental commissioner in a role it has termed will be a…
Easing rental market, but rising rents loom nationwide
Rental market conditions have eased the most since November 2020, but weekly rents are expected to continue rising.
NAB lowers refinancing stress test for select borrowers
NAB has joined CBA and Westpac in lowering the stress test on selected refinance applications for borrowers who…
NSW Government’s Rental Fairness Bill could worsen the housing crisis
The NSW Government’s proposed Rental Fairness Bill is anything but fair according to real estate experts who fear…
Shabina Kamal bolsters BresicWhitney’s growing Lower North Shore presence, as team grows to four.
BresicWhitney has welcomed Shabina Kamal, one of the Lower North Shore’s most established sales agents, in a strategic…
Surging demand meets limited stock: capital city clearance rates rebound
The demand is there but limited stock has seen the combined capitals auction clearance rate hit a five-week…