Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Real estate institute urges Coalition to protect renters from Greens rent freeze
The Real Estate Institute of Australia (REIA) has called on Peter Dutton’s Coalition to support the Housing Australia Future Fund (HAFF) after the Greens laid down an ultimatum to the Government in exchange for its support on the housing bill.
House and unit rents finally fall in some cities, while room rents surge
Pressure might be starting to ease in some of the country's most tightly held rental markets with new…
Apple unveils groundbreaking spacial computer called Apple Vision Pro
Apple has introduced Apple Vision Pro, a groundbreaking device that seamlessly integrates digital content with the physical world,…
Number of borrowers struggling to pay their home loan has surged
The record increase in interest rates is starting to weigh on borrowers with new research finding 40 per…
Do low listings beget low listings?
Australia’s low levels of property listings could be creating a self perpetuating cycle and influencing would-be vendors to…
Affordable capital cities the best option for buyers
The cheaper capital cities of Adelaide and Perth continue to attract buyers and have the potential for more capital…
Taxing vacant homes and holiday rentals could help ease the housing crisis
Incentivising investors, taxing vacant homes and holiday rentals and releasing more land are all measures being considered to…
Rate Hike? Aussie property market says ‘No problem’ as price rebound continues
The Reserve Bank’s decision to lift the cash rate in May has not dampened the nation’s house price…
Inflation rises as RBA boss suggests sad solution to rental crisis
In a shock few experts saw coming, inflation has risen to almost 7 per cent in April, with…
The Sydney suburbs tipped to see values rise
With home prices rebounding across Sydney in recent months, a number of high-profile suburbs including Kogarah Bay, North…
Rental affordability at the worst level in 8 years
Surging immigration and fewer people per home has seen rental affordability fall to the lowest level in eight…
Cashback offers for refinancers ‘dropping like flies’
The surge in refinancing as borrowers attempt to combat the Reserve Bank of Australia’s (RBA) hiking cycle is…
Capital city auctions record highest clearance rate in more than a year
The combined capital cities have recorded their highest preliminary auction clearance rate since November 2021, with 75.9 per…
Covid fallout to cause supply shortages for another two years
The impact of COVID-era policies is likely to lead to a lack of housing supply for the next…
Bank of Mum and Dad prepared to give kids $33,000 to buy a home
The bank of Mum and Dad has long been the way many first-home buyers get into the market…
How to apply Grant Cardone’s number 1 rule for success
In a world where success can be elusive and multifaceted, a single rule emerges as the key ingredient…
Rising home prices might see listings increase
If the current growth in home prices continues, listings could increase by two per cent this year, according…
Top takeaways from AREC 2023 – Day 1
More than 4000 real estate professionals packed the Gold Coast Convention and Exhibition Centre yesterday for Day 1…
Elite Agent timeline: What’s happening in the Metaverse?
Once a red-hot trend capturing the imagination of investors and tech enthusiasts alike, the metaverse is now experiencing…
Proposed rental laws in Queensland threaten to drive landlords out of market
More than 80 per cent of Queensland landlords would consider selling their investment properties if proposed changes to…
DUO: the AI tool doing your prospecting for you
Revolutionising real estate: DUO technology powered by Propic AI delivers hot leads and transforms sales for agents.
Victorian Government considering rent caps
Victorian Treasurer Tim Pallas has let slip that the State Government is considering rent caps, just days after…
Are New Zealand’s interest rate hikes over?
The New Zealand Reserve Bank has shocked economic and property experts this week, raising the cash rate 0.25…
New Zealand homeowners feel the pain as loss-making resales spike
Properties reselling at a loss have reached a seven-year high in New Zealand as the impact of higher…
Victorian Budget sparks outrage: Industry bodies warns of investor exodus and soaring rents
The Real Estate Institute of Victoria has slammed the Victorian Budget as a blatant money grab that will…
Brisbane homeowners spend the most to renovate their homes
Brisbane has emerged as the leading location in the country for home renovations, with new research finding homeowners…
First home buyers look to beat land tax deadline
First home buyers trying to avoid the new NSW Government’s reintroduction of stamp duty could risk paying too…
Surging immigration sees share of cheap rentals plummet
Conditions for renters continue to go from bad to worse, with new data showing that surging immigration has…
Cliff-hugging Tasmanian property named home of the year
A stunning Tasmanian home that has been labelled “a once-in-a-lifetime build”, has been named the Housing Industry Association…
Little town, big sensation: Victoria’s most affordable property sparks a frenzy
A derelict property in a tiny Victorian town has created a frenzy.
90 per cent of NSW teachers can’t afford to live where they teach
The surging cost of housing over the past decade has led to teachers being unable to afford a…
Call to cut refinancer stress test to let borrowers out of mortgage prison
Australia’s leading financial comparison site, RateCity, has called on the Australian Prudential Regulation Authority (APRA) to lower its…
New study finds low interest rates lock first home buyers out of property market
Long periods of low interest rates are responsible for locking many first home buyers out of the property…
Listings up 5.6 per cent compared to last year
Property listings experienced their traditional lull during April, however, in positive news for homebuyers, they are now higher…