Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
ACT and WA likely to see an uptick in listings
The ACT and Western Australia are likely to see the largest percentage of vendors listing their homes for sale in the coming months according to CoreLogic.
Sad day as :Different goes into voluntary administration
Australian PropTech company :Different has gone into voluntary administration, with KPMG set to sell the platform’s assets and…
South Australia bans rent bidding
The South Australian government has followed New South Wales’ lead and outlawed rent bidding in the hope it…
AI could potentially lead to white-collar “Rust Belt suburbs”
The rapid rise in AI is already changing the way white-collar workers operate and it has the potential…
News Corp unveils two new property magazines
Real estate development and new home news will be the feature of two new property-related magazines News Corp…
Victoria dominates most in-demand suburbs
The Victorian suburbs of Berwick and Melbourne are the two most in-demand suburbs in the nation, according to…
Scammers fleece agent out of $300,000
A WA real estate agent has lost $329,500 after scammers successfully stole $329,500 from a trust account last…
Short-term and loss-making resales on the rise
Some sellers could be incurring a loss in order to avoid high mortgage repayments, with new data showing…
The building inspection tips your vendors haven’t thought of
An Adelaide building inspections company has released a 12-step checklist for real estate agents and their vendors to…
More branded residences coming to Australia
Australia could soon see more branded residences popping up, with developments featuring the likes of the Ritz-Carlton and…
The majority of agents are complying with NSW rent bidding laws
The vast majority of agents in NSW are doing the right thing and complying with rental bidding laws…
The fibs naughty renters tell their landlords
If you’ve ever told a fib to your landlord, then you’re not alone, with a new survey finding…
Western Australia has the best property market conditions
Some of Australia’s smaller capital cities and their associated regional areas have the strongest property markets in the…
Ray White Upper North Shore welcomes top trainer
Tom Van said his skill set centres around continued growth and fine tuning an agent’s business to operate…
Fisherman Bay has Australia’s most serviceable mortgage repayments
Buyers looking for the most economical towns and suburbs where mortgage repayments are manageable should head to Fisherman…
Profitability is the number one concern for agency bosses
Profitability has been named the biggest challenge in the real estate industry courtesy of falling transaction volumes, according…
States desperate for social housing as rough sleeping numbers spike
The government needs to build 6000 new social houses every year for the next decade to end homelessness…
Your chance to own a former theme park
The former Fantasy Glades theme park in Port Macquarie is up for sale with potential buyers able to…
Herron Todd White: $750,000 won’t buy you as much as it used to
The surge in property prices since 2020 has left many homebuyers out in the cold, with fewer options…
REIA hits out at Greens over rental inquiry fiasco
The Real Estate Institute of Australia (REIA) has slammed the Greens over the party’s decision to block the…
Sydney and Melbourne jump up the liveability rankings
After tumbling down the liveability rankings during government-imposed COVID-19 lockdowns, Sydney and Melbourne have bounced back in 2023.
House prices have doubled in two years in some regional areas
The surge in regional house prices has seen values in a number of locations double in just over…
Investment property listings skyrocket in capital cities
The number of investment properties hitting the market has soared past decade-long averages in three capital cities, despite…
National housing market set to recover next financial year
House prices in Sydney, Adelaide and Perth could have fully recovered from the 2022 downturn and reached new…
NZ home sales record first annual increase in two years
After being battered by one of the sharpest tightening cycles in the world, there are signs that the…
Failed QLD land tax has seen investors flee
The Queensland government’s failed attempt to introduce an expanded land tax has done long-term damage to the state’s…
Share house demand surges across the country
Rapidly rising rents and a lack of rental properties are forcing renters to return to share houses in…
New AI tool lets agents in on secret off-market opportunities
One of the original founders of Pricefinder has launched an AI-powered tool to help real estate agents generate…
Recent borrowers could end up spending 50 per cent of their income on their mortgage
Homeowners could be soon forking out up to 50 per cent of their income on mortgage repayments if…
NSW vacancy rates ease but crisis not over
Vacancy rates have lifted across some parts of NSW but the state’s peak industry body has warned the…
New home sales rise in May but remain low
New home sales have increased for a second month, however, they still remain sharply lower than the same…
Flagstaff Hill the top pick for house investors
South Australia’s Flagstaff Hill has been named the country’s top suburb for house investors, with a strong median…
Wealthy migrants flock to Australia for schools, lifestyle and financial safety
If you could live anywhere, where would it be? For the world’s wealthy, Australia is a top pick.
