Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Business partners branch out as new owners of Ray White Tauranga
A big focus for Ray White Tauranga over the next 12 months will be recruitment.
Essential workers paying two-thirds of their income on rent
Soaring rents across the country are hitting essential workers hard, with a new report finding they are paying…
Is the shine starting to come off Airbnb?
The lustre of the short-term rental platform, Airbnb is starting to wane with a new report showing superhosts…
Queensland’s ‘death by a thousand cuts’ – rental reforms could kill investment
The Queensland Government’s “constant onslaught” of legislative intervention in the state’s rental sector could “kill off” investment, according…
New dwelling commencements near decade low
New home starts across the country declined last quarter as the industry worries that a lack of new…
Victorian property prices starting to stabilise
The pace of Victoria's property price decline has slowed, with new data showing values are stabilising.
Rentals snapped up in record quick time
Rental properties are once again being leased at record fast rates.
The real estate downturn hits the Metaverse
A couple of years ago the Metaverse was hot property, but just like in the real world, virtual…
ANZ: Interest rates won’t rise again until August
One of Australia’s biggest banks has listed August as the next month when interest rates will rise, forecasting…
Hobart records the highest price growth over the past 20 years
Sydney and Melbourne are regularly in the real estate headlines, but it’s a much smaller capital city that…
LJ Hooker South West opens its third office as demand remains high in the growing regional market
Just five years after first opening its doors, LJ Hooker South West is set to expand again with…
Interest rates and population growth lead to extreme property price swings
Falling interest rates, a rising population and demand for better-quality homes are some of the main reasons for…
Perth rent rises a “certainty” amid tight supply
Rents have jumped 17 per cent across Greater Perth since April 2022, with house price rents in Morley…
Are the proposed Privacy Act recommendations a regulatory overreach?
The Real Estate Institute of Australia (REIA) has called on Attorney General Mark Dreyfus to keep the Privacy…
Explore Property opens in Rockhampton
Explore Property leader Andrew Acton said Rockhampton has been a very buoyant market and will continue its strong…
The Aussie real estate magnates among Forbes’ top billionaires
Eight Australia real estate and property development magnates have made Forbes’ annual World Billionaires List for 2023.
Sydney ranks 6th for luxury property rental growth
Prime rents in Sydney surged 6.7 per cent in 2022, placing the city at number six on the…
New laser beam technology to improve building inspections
Building inspectors could soon be shooting laser beams in a bid to create faster and more effective inspections…
March was the busiest month for new listings since May
Sellers have slowly started to return to the property market with new listings rising 10.5 per cent in…
Raine & Horne expands to New Zealand
The brand will open four offices across New Zealand's North Island by the end of April.
5000 rental properties lost to the WA market in the past 12 months
The number of rental properties in WA continues to fall as investors flee the state after a number…
The top reasons buyers re-list within two years
Job relocation, financial stress and lifestyle changes, such as having a baby, are among the top reasons why…
New Zillow filter helps buyers stay on budget
US-based real estate marketplace Zillow has launched a new search tool that enables buyers to look for properties…
Premium Sydney suburbs recovering the quickest
The Sydney suburbs that recorded the biggest price falls last year are the same ones that are leading…
Build-to-rent could boost housing supply by 150,000
Cutting government taxes on build-to-rent developments could lead to an increase of 150,000 new rental properties over the…
Ryan Serhant expands into six new markets
While other US brokerages have been cutting back amid a widespread market slowdown, celebrity agent Ryan Serhant has…
The unbreakable agency: learn the legal ‘must haves’ for long-term success
If you’re looking to establish your own agency, you don’t just need to focus on listings and sales…
Couples moving in together sooner to save on rising housing costs
New couples are moving in together faster and leaving the romance at the door, in a bid to…
Rents surge in longest ever stretch of price growth
Tenants continue to face extreme financial pressure, with rents rising at the fastest rate since before the pandemic.
Refinancing hits a record high as borrowers try to combat rising rates
Rising interest rates are pushing increasing numbers of borrowers to refinance in search of lower interest rates, while…
Short-term rentals not behind housing crisis
A real estate expert that specialises in short-term holiday rentals has said banning them would not solve the…
Rental market reaccelerates from supply shortage
A chronic shortage of rental properties across Australia has reignited growth in weekly rents and further tightened already…
RBA hits pause on interest rates for now
After 10 straight rises the Reserve Bank of Australia has today elected to keep interest rates on hold,…
New shared equity fund to help hundreds of buyers
An innovative real estate industry leader is looking to help as many as 200 homebuyers get their foot…