Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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 offshore debt restructuring plan for its $468 billion in liabilities.
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…
The common sense way to provide the ultimate buyer experience
When Jane Briscoe began the process of finding a new family home in Sydney’s North in early 2022,…
Relief for Perth renters as vacancy rates rise
Perth renters might be starting to get some relief, with new data showing that vacancy rates have risen…
Fixed rate mortgage cliff hasn’t hurt borrowers yet
With the fixed rate mortgage cliff already underway, there’s still no sign of distressed sellers or a blowout…
Elevate Residential joins fight against over-55 women’s homelessness
A Brisbane real estate agency has joined a campaign to help give women over 55, who are at…
Profitable resales in New Zealand fall to the lowest level in eight years
Falling property prices across New Zealand has seen the number of homes sold for a gain tumble to…
Belle Property opens new Melbourne office in Doncaster East
Belle Property opens new Melbourne office in Doncaster East
Which generation is most likely to engage in rent bidding?
Baby boomers are the least likely cohort of renters to engage in rent bidding, according to new research…
Andrew McCulloch rejoins Ray White
Andrew says he's keen to collaborate with state CEOs and recruitment specialists to identify new opportunities.
WA Government overturns Aboriginal Cultural Heritage Act
The Real Estate Institute of Western Australia has welcomed the State Government’s decision to overturn the controversial Aboriginal…
Vacancy rate easing was just a “blip” according to new research
Rising vacancy rates in certain suburbs might just have been a “blip” with new data showing the number…
The Agency launches a storybook to help children cope with the stresses of moving
The Agency has launched a children’s book to help families manage the stress of moving house.
REACH Australia & New Zealand aim to help more PropTech companies in 2024
PropTech accelerator REACH Australia & New Zealand continues to encourage new PropTech innovation in the real estate industry…
Farms have hit record prices but the forecast is more uncertain
We have never had such good farming conditions as we did in 2022. While particularly good Australian weather…