Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Population growth to fuel Western Australia and Queensland hotspot growth
Australia’s population has grown to 26.5 million, with Western Australia the fastest growing state, according to new research from the Australian Bureau of Statistics.
Higher rates weigh on household spending
The Reserve Bank of Australia (RBA) might be getting close to the end of its hiking cycle, but…
Samantha McLean and Mark Edwards to gear up for 700km Thailand ride for underprivileged children
Elite Agent Publisher Mark Edwards and Managing Editor Samantha McLean have long sponsored the Digital Live Ride to…
Cleverly edited photos help sell cluttered home
A cluttered family home in South Australia, that wasn’t able to be presented to the market in its…
Property Council scholarship to promote women in property
A new scholarship aimed at promoting women in property has been announced by the Property Council of Australia…
Sydney’s super-prime home sales double
The number of super prime sales above US$10 million have doubled in Sydney, according to the latest Global…
Vacancy rates on the rise across the country
There are early signs of relief for struggling renters, with a new report showing vacancy rates have started…
Investors selling up as government threats push them out
New legislation, increased taxation, and potential rental reforms, including rent freezes, have led to 12 per cent of…
ATO to crack down on landlords this tax time
The Australian Tax Office (ATO) has warned it will crack down on landlords over claiming expenses and claiming…
Landlord ordered to pay tenant for not keeping property in “reasonable repair”
A NSW landlord has been ordered to pay a former tenant $2100 for not keeping a rental property…
$10 billion housing fund passes after Greens secure an extra $1 billion
After months of protracted negotiations the Housing Australia Future Fund Bill will finally pass the Senate this week,…
Top NSW BDM, Lochlan Grahame, joins Raine & Horne Group
Mr Grahame will play a crucial role in finding and onboarding new franchisees to further expand the Raine…
National vacancy rate hits new low of 1.1 per cent
The national vacancy rate has hit a new low of just 1.1 per cent after recording its largest…
Honest marketing plan sees hoarder house sell way above reserve at auction
A Central Coast hoarder house, complete with clutter and disarray has been sold for an astounding $160,000 over…
Toowoomba’s new social housing a “miracle” for struggling tenants
The first tenants have started moving into new social housing in Toowoomba in Queensland, with 15 more homes…
Housing affordability at the lowest level since 2008
Housing affordability continues to worsen across Australia with new data showing it now takes 45.9 per cent of…
2023 REINSW Awards for Excellence winners announced
REINSW has recognised outstanding industry achievement, crowning the winners of its 2023 REINSW Awards for Excellence.
Build-to-rent set to take off in Australia
Australia’s build-to-rent sector is set to grow to 55,000 dedicated units by 2030, with growth set to mirror…
Queensland property continues to bounce back, led by regional areas
Queensland property continues to go from strength to strength, with a number of regional locations recording double-digit annual…
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…
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…