Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
New listings suffer as sellers err on the side of caution
The seasonal uptick in property listings that usually occurs in the first half of March has been noticeably absent this year, with sellers having “erred on the side of caution” amidst declining property prices.
Perth remains affordable to buy and rent
Despite rising interest rates making life more difficult for homebuyers, Perth is still the second most affordable property…
Australia’s rental system is ‘broken’ study reveals
Australia’s residential rental system is “broken” and fails to provide affordable, secure housing for tenants or a solid…
Kyle Cheney goes from AFL to JLL
JLL is adding to their Logistics and Industrial team in Adelaide, with the recent appointment of Kyle Cheney.
Buyer demand fuels record month for The Agency in WA
The Agency’s Western Australia office has recorded a record month with 321 properties under offer in February.
Global banking instability on the RBA’s radar
Instability in the global banking sector could cause the Reserve Bank of Australia to think more carefully about…
Cirrus8 launches its Executive Management Plus Dashboard
Cloud-based, commercial property management software platform Cirrus8 has just released its industry-leading Executive Management Plus Dashboard.
Herron Todd White: too soon to call a bottom in the property market
High interest rates and the prospect of more pain ahead for borrowers as fixed-rate loans roll off, suggests…
Little Real Estate partners with Rental Heroes to deploy AI technology
Australia’s largest independently owned real estate agency Little Real Estate has joined forces with Rental Heroes to implement…
Investors sell, rent bidding ban backfires, property managers leave as rental crisis rolls on
The overwhelming majority of investors are not wealthy property magnates flush with money, but cash-strapped mums and dads…
Sydney renters paying $633 a week more than a year ago
Rents in Australia's unit market have surged, with the national trend recording its highest annual growth on record…
Time to save a deposit drops for first-home buyers
The time taken to save a deposit to purchase an entry-level first home has dropped by as much…
Listing Loop now offers conveyancing to further deliver qualified buyers to agents
Top Australian off-market and pre-market property portal ListingLoop.com.au has partnered with leading licensed law firm Bond Conveyancing to offer conveyancing…
High interest rates weigh on new homes sales
The record rise in interest rates is continuing to weigh on new home sales, while a better than…
Auctions rebound in second busiest week of year
As predicted, auctions rebounded last week, with 2234 properties going under the hammer - the second largest number…
PMLR to help property managers develop culture and look after themselves in 2023
Personal growth, mental wellbeing and developing a strong culture will be the focus at the 2023 Property Management…
SVB collapse could be good for Aussie home owners
The collapse of Silicon Valley Bank in the US could spell good news for Australian mortgage holders, with…
The Sydney suburbs bucking the trend with double-digit growth
Despite property prices declining across Sydney over the past 12 months, a number of suburbs have seen double-digit…
Hockingstuart’s expansion in Melbourne’s growth corridors
The brand has recently added new Victorian offices in Dandenong, Bundoora and Warragul and Williamstown.
New Zealand’s high-end properties have fallen in value by up to $300,000
New Zealand’s wealthiest suburbs are being hardest hit by the current market slowdown, with values falling by up…
Australia has taken a ‘light touch’ with Airbnb. Could stronger regulations ease the housing crisis?
The current housing crisis has renewed debates about how to regulate short-term rental platforms such as Airbnb.
Rental rates soar to new heights
Weekly rent for a three-bedroom house in Brisbane has experienced the highest annual increase this century, with little…
Real estate agency ordered to pay after advertising mislead buyer on air-conditioning
A Melbourne real estate agency has discovered the hard way that it pays to get your listing copy…
The real estate fallout from the Silicon Valley Bank collapse
Silicon Valley Bank, America’s 16th largest bank and a large source of funding for some prominent PropTech companies,…
Professionals Granger Clark Real Estate on the past 12 months with RiTA
There is gold in every database. For Matt Condit, Licensee and Principal at Professionals Granger Clark Real Estate,…
Buxton adds another Melbourne office
Strategic growth sees Buxton expand into Melbourne’s affluent Camberwell.
1000 agents join LJ Hooker
An energised LJ Hooker network is attracting staff in a changing market.
Property values higher than before the pandemic
National housing values are still 14.8 per cent higher than they were at the start of the Covid…
PropTech is not something for agents to fear
Technology is continuing to change the way real estate agents operate, but the huge increase in new PropTech…
How to perfect your prompt writing for ChatGPT, Midjourney and other AI generators
Generative AI is having a moment. ChatGPT and art generators such as DALL-E 2, Stable Diffusion and Midjourney…
Auctions dip with public holiday, but tipped to rebound next week
Auction volumes and clearance rates took a bit of a dip over the weekend with a public holiday…
City vacancy rate drops below regional areas
The national vacancy rate has fallen to just 1.47 per cent, less than half the level seen before…
REIA 2023 National Awards for Excellence winners announced
REIA National Awards for Excellence winners have been announced at the at the Crown Ballroom in Perth tonight,…