Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Westpac predicts rents will keep rising for longer
Westpac is predicting that rents will jump by 11.5 per cent this year, enough to tempt investors and developers back into the market.
Successful agent achieves dream as new owner of Ray White Marshlands
After just six years working in real estate, Amanda Blair has taken over ownership of Ray White Marshlands.
The real reason real estate sales figures went backwards this January
A new report from Xero showing lackluster sales figures in the real estate sector is likely a hangover…
Australia’s leading on-shore contact center, saving you time in your prospecting
Meson Agency’s Founder John Angelopoulos can sum up his organisation in a nutshell.
MRI Software completes PropTech Group acquisition
MRI Software has completed its $93.4 million stock acquisition of PropTech Group.
Prices are falling, so why is it still so expensive to buy in New Zealand?
Property values have been falling in New Zealand, but rising interest rates mean Kiwis are handing over more…
School zones still attracting price premiums
Being in a school catchment zone could add ten per cent to a property's sale price, according to…
Population patterns, not tax breaks, responsible for housing crisis
Australia's unique population patterns and a shortage of available residential land near jobs and services has had a…
100 days in: Craig Pontey shares highlights from time at McGrath Double Bay
We've been closely watching leaders' first 100 days since the times of President Roosevelt, and the two co-principals…
HTW property predictions: Second half of 2023 to bring stability
Rapid interest rate increases have eroded the optimism surrounding residential property, but a slowdown in rate rises in…
High-achieving couple take over Ray White NorthWest
Hardworking and focussed, Ronald Hachache and his wife Natalie have taken over ownership of the business from longstanding…
McGrath’s half-year results: expansion, profit and market outlook
McGrath has revealed its plans to add 125 new, high quality offices to its national network as part…
Auction clearance rate on the rise
Auction activity lifted again this week with preliminary figures from Domain recording a 67.6 per cent clearance rate…
Homely reports solid revenue growth, record site and app visits
Homely has announced its full-year results for 2022 noting strong financial performance.
Laing+Simmons opens Rouse Hill | Box Hill office
Principal Raj Mangat will lead the office and is looking to grow the agency in 2023.
Real estate agencies confident about business outlook this year
More than 80 per cent of Australian real estate agencies are confident in the business landscape going forward…
How a fake Rolex set Ryan Serhant on the path to success
Real estate mogul Ryan Serhant has revealed how a fake Rolex watch changed his life by giving him…
REINSW launches Rent Crisis Action campaign
The Real Estate Institute of NSW (REINSW) has launched a campaign to address the housing crisis affecting tenants…
How city real estate prices affect country areas
A new study has revealed the link between house prices in the coastal regions of NSW and Greater…
Ten Sixty launches in New York with 75 top luxury agents attending
Ten Sixty, the new global short-form video app for real estate, has officially launched in New York alongside…
Listings slide drags on Domain Group profits
The biggest decline in listings in Domain Group's history has resulted in a decline in profits, though revenue…
Cameron Nicholls on why your brand needs to grow with you
It wasn't until he was in the middle of acquiring another agency, and looking at his own brand…
New AI company virtually furnishes listings in a matter of minutes
A new US startup aims to take the time and cost out of staging a listing for advertising,…
RateMyAgent partners with US listing giant
RateMyAgent, Australia’s leading real estate agent review website, has entered into a strategic partnership with Realtor.com, the second-largest…
Listings bounce back from summer slumber
New listing numbers have recovered from their traditional summer dip, though they remain lower than 2022 levels, according…
Cash rate not the reason for rental affordability crisis, Philip Lowe says
RBA Governor Philip Lowe has told a Senate estimates hearing that the central bank's rapid cash rate increases…
New platform allows users to invest in, trade the price movements of real estate
The Parcl Protocol, a new real estate investment platform launched this week, will allow users to trade real…
$100,000 St Kilda garage attracts first-home buyers
A St Kilda garage listed for $100,000, that has the potential to be converted into a small apartment…
Franchisors could be held liable for franchisees breaching workplace laws
In a move that could also have ramifications for the real estate industry, the Fair Work Ombudsman has,…
NAB changes cash rate prediction following RBA meeting
NAB economists now predict the cash rate will peak at 4.1 per cent following RBA Governor Philip Lowe's…
Dynamic duo brings Ray White Rural to Gatton and Laidley
Marcel Jung and Sarah Adams bring Australia's biggest property group to Queensland's Lockyer Valley.
The Adelaide hotspots to watch in 2023
Despite a slight downturn in prices, the Adelaide market remains one of the country's strongest performers, according to…
Ouwens Casserly Real Estate announces partnership with Timms Real Estate
The Timms Real Estate team is joining the Ouwens Casserly family.
Unique collaboration the key to huge Harcourts Auction Festival success
The Harcourts Auction Festival saw 102 properties go under the hammer, with more than 1000 people in attendance.
Award winning principal opens second C21 office
The acquisition of the Day & Grimes agency in Nambour marks Gary De Paoli's second C21 office.