Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Most economists are tipping a rate rise in February, but how much further will the RBA go?
Most economists are tipping a 25 basis point increase to the official cash rate after the Reserve Bank of Australia meets for the first time in 2023.
Kay & Burton appoints CEO ahead of transformative 12 months
Former Buxton CEO Nathan Jones is taking the reins at Kay&Burton.
Latest lending figures could be bad news for the rental market
A property expert says a decline in new investor lending could be a sign that the rental crisis…
Stone Real Estate launches Glenorie office
Boutique real estate network Stone has launched Stone Glenorie, led by husband and wife team Amanda and Rhys…
Propic hits the nation’s capital with Luton introducing AI
A forward-thinking Canberra real estate agency has introduced market-leading artificial intelligence to ensure 24/7 customer service and that…
Renters feel the pinch as vacancy rates drop back to record lows
There’s still no relief in sight for renters with vacancy rates returning to record low levels across the…
LJ Hooker Property Centre expands with South-East specialists
LJ Hooker Property Centre welcomes the team from independent operator Julie Harris Realty into the fold.
RBA expecting up to 800k fixed-rate loans to end in 2023
A senate committee looking into cost of living of living pressures has shed light on the size of…
Young buyers consider teaming up for first purchase
New research from NAB has found that 40 per cent of young Australians would consider buying property with…
Jimmy Burgess’s $500 million sales strategy
Top US real estate agent Jimmy Burgess has shared the secret to his success, outlining the strategy he…
NZ records 10th month of property value declines
Property values across New Zealand fell 0.3 per cent over January, continuing a downward trend that's lasted 10…
Pace of property value declines eased in January, new data shows
The rapid pace of property price declines appears to have slowed, with most capital cities recording only a…
Return of overseas students could place further pressure on rents
An anticipated increase in the number of overseas students coming to Australia following the Chinese Government's edict that…
Leading brand opens new office in Mount Lawley
Acton | Belle Property welcomes Chris Pham and Scott Fletcher to the team with opening of new office.
Sam Towndrow joins forces with BresicWhitney
Sam Towndrow joins the team at Bresic Whitney after seven years at Ballard Property Double Bay.
South Australia notches a new record despite declining sales
The South Australian property market posted a record new median price during the December quarter despite a decline…
REACH Australia announces class of 2023
Second Century Ventures, the strategic investment arm of the National Association of Realtors and the most active global…
Auction action: What happened over the weekend and what’s in store for 2023
Auctions are back after the summer holiday break, although activity remains subdued in Australia's major cities.
Brisbane property prices fall by a record 10.9 per cent
After property prices in Brisbane boomed by more than 40 per cent during the pandemic, values are now…
McGrath opens a new office in dynamic Beecroft
McGrath Estate Agents has opened a new office in Beecroft to further consolidate its presence in this important…
If Australia follows the US into a tech downturn, these areas will be the most impacted
We may be in a cost of living crisis but we are certainly not in an employment crisis.
Agents report strong buyer numbers
There might be a lot of talk about the property market downturn but Sydney and Melbourne agents have…
Zillow’s new AI-powered tool finds your perfect home with one sentence
US listings portal Zillow has launched a new AI-powered feature that lets prospective buyers search for homes in…
Keller Williams lawsuit: Is this the end of cold calling?
US real estate firm Keller Williams has agreed to pay US$40 million as part of a settlement agreement…
Four top agents partner with Ray White in Sydney’s inner suburbs
Jeremy Brink, James Peach and Walter Burfitt-Williams have joined Peter Taylor at Ray White Taylor and Partners.
Laing+Simmons opens new office in Balmain
The Laing+Simmons growth plan which saw eight new offices join the network in 2022 has started the new…
Rupert Murdoch to sell Realtor.com
Rupert Murdoch’s News Corp is looking to sell the parent company of Realtor.com, with the news breaking just…
New Zealand inflation figures remain stubbornly high
The latest New Zealand Consumer Price Index readings indicate the Reserve Bank of New Zealand is likely to…
Bel-Air canyon price tag slashed by 70 per cent
An undeveloped golf course-sized patch of land in one of Los Angeles' ritziest neighbourhoods is on the market…
December quarter inflation figures higher than expected
The Consumer Price Index rose 7.8 per cent in the 12 months to December, higher than the predicted…
Property price declines losing pace, Domain says
Property prices declined at a slower rate during the December quarter according to Domain, in a sign that…
James Ledgerwood joins McGrath’s Double Bay office
Top C21 office expands with third location
Century 21 Platinum Agents has expanded to the Fraser Coast joining forces with local leading agency One Realty…
Tennis courts a hit with buyers as Australian Open reaches full swing
Buyers are increasingly searching for properties with a tennis court, according to new data from Domain, though suitably-equipped…