Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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 putting pressure on lenders with cashback offers getting slashed.
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…
South Australia’s top performed locations likely to see more growth
The South Australian property market has defied the national downturn, with a host of well performing suburbs set…
PropTech funding climate shifts as market conditions improve
The funding market for PropTech companies is experiencing a positive shift, making it easier for businesses to access…
New social media platform Boa connects business owners
A new social media platform that will help business owners connect, network, grow their businesses and seek advice…
Is the new home sales market turning around?
New home sales have risen 6.8 per cent, with industry experts hinting the market could be starting to…
ATO has rental property deductions in its sights
The Australian Tax Office (ATO) has announced it will be targeting rental property deductions and capital gains tax…
Australian renters battle crisis-level market, compromise on property features
Australian renters have at least six rental applications in at any one time and are forced to compromise…
Australia’s housing crisis: unmasking the real culprits and solutions
The housing crisis is the hot topic on everyone's lips, and with last week's Federal Budget, and the…
Harry Triguboff to develop BTR apartments in Brisbane
Harry Triguboff has purchased “the best site in Brisbane” and is looking to develop a build-to-rent apartment building…
Private capital key to solving Australia’s housing crisis
Shared equity schemes and rental investment trusts funded with private capital offer the best chance to rectify the…
New rental listings nosedive in April
Vacancy rates may have eased slightly in April but the latest PropTrack data shows the number of new…
OpenAI’s ChatGPT Plus revolutionises user experience with 70+ powerful plugins
OpenAI has unleashed a suite of more than 70 third-party plugins for its ChatGPT Plus users to visualise…