Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Auction volumes keep rising, but buyers are still out in force
Despite the unseasonal increase in auction activity, the preliminary auction clearance rate continues to hold above 70 per cent with a “massive” number of registered bidders showing up on auction day.
Could empty offices become affordable housing?
Empty office buildings in Melbourne’s CBD could be turned into apartments and create as many as 12,000 homes,…
Kolmeo integrates with CustomerGauge
Property management software provider Kolmeo has integrated with customer experience platform CustomerGauge, to unlock Net Promoter Score (NPS)…
Experts predict the RBA will keep interest rates on hold
With inflation cooling, experts have predicted the Reserve Bank of Australia (RBA) will keep interest rates on hold,…
Harcourts to attempt 500 auctions on ‘Blue Friday’
Harcourts is hoping to “hit the ground running”, this spring with a world record attempt for the most…
When will movers return to the NZ market?
Owner-occupiers in New Zealand have been quiet over the past 12 months, with weak sentiment and higher interest…
Real estate experts call for action against rental crisis
Real estate experts have called on property managers, agency owners and investors to make a serious amount of…
Property prices have recovered half their declines
Property prices have continued to gain momentum in the June quarter with values now halfway into their recovery…
Odds of an August rate hike slashed as inflation cools
There might be relief ahead for mortgage holders with the odds of an August rate hike slashed after…
Real estate consumers call for one agency for life
Almost two-thirds of Australian real estate consumers would prefer to have one agency for all of their property…
New Zealand claim honours in Real Estate of Origin
The Kiwis have claimed bragging rights after Ray White’s 12th Real Estate of Origin, securing a huge 2498…
Professionals celebrates its best and brightest at PRO-Elite
Professionals Chief Executive Officer Katherine Gonzalez-Cork said the event provided the perfect opportunity to pay tribute to the…
Progressive rebrand redefines winning team
Property settlement volumes finish FY23 strongly
Property settlement volumes have trended significantly downward in the most recent financial year, but remain well up on…
Building Inspections Gold Coast: Palm Beach shacks signal rising trend
An original Palm Beach shack that sold within a day of hitting the market for the first time,…
House in the same street as The Block homes comes up for sale
If you think you can do a better job of renovating a home than the contestants on TV…
Property market still faces “significant headwinds” despite a rebound in prices
After six months of property prices rising in the face of high-interest rates, the ongoing recovery still faces…
Megan Thomas joins Belle Property Mosman
Megan has spent more than a decade in real estate and has an average sale price of more…
Greg Brydon joins Ray White Cheltenham
Ray White Cheltenham has continued to strengthen its top tier sales team with the addition of leading bayside…
Tasmania top of the states for economic performance
Tasmania has the nation’s best performing economy, including leading the way on equipment investment and dwelling starts.
NZ sales activity jumps and prices should follow
There are signs of life in the New Zealand property market, with new data showing that sales volumes…
Higher cash rate hitting new home sales
The sharpest increase in the official cash rate in history has seen new home sales across the country…
Some relief for QLD renters as vacancy rates rise
There are some green shoots appearing for desperate renters in Queensland, with vacancy rates slowly starting to rise.
Suburbs set to thrive from Brisbane Olympics
As Victoria deals with the fallout from cancelling the 2026 Commonwealth Games, the 2032 Brisbane Olympic precinct in…
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…
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…