Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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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…
Four amazing tips you need to know from Elite Retreat 2023
Adaptability is the new competitive advantage, building a community around your business, developing a positive workplace culture and…
Rents continue to rise, but growth is slowing
Record immigration and tight supply have seen rents across the country continue to rise, however, some cities are…
Investors urged to ‘stop chasing cash flow’ alone
With ever-rising interest rates along with cost of living pressures, investors are being warned to not focus just…
Australia’s rental crisis persists as rents jump again
There’s still no relief in sight for struggling tenants, with rents recording a two per cent rise over…
RBA issues a reprieve and holds interest rates
Borrowers are breathing a sigh of relief today after the Reserve Bank of Australia (RBA) decided to leave…
Leading agent Taney Jain to established his own business
One of Australia’s top agents, Taney Jain has announced he’s departing Reliance Real Estate after nine years.
Florida law bans some international buyers
Certain groups of foreigners will no longer be able to purchase property in Florida in the US after…
Property prices continue to defy rate hikes
National property prices keep on moving higher last month, despite the Reserve Bank of Australia (RBA) continuing to…
North Sydney specialist Louise Barton joins BresicWhitney
The leading Lower North Shore agent joins BresicWhitney with Sales Associate Jade Prior, signalling further momentum in the…
Stone Real Estate joins forces with Propic to leverage leading Artificial Intelligence technology
Stone Real Estate has announced a game-changing partnership with Propic, a leading Australian real estate PropTech innovator.
It now takes 15 years for house prices to double in value
The old saying that property prices double every 7-10 years, might need to be updated, with new data…