Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Regional price growth continuing, Domain says
New data from Domain shows that the tree and sea change trend is continuing, with property prices increasing in 92 per cent of regional local government areas during the most recent quarter.
Rose Bay mansion sale could match record price
A Rose Bay waterfront mansion is expected to hit the market with expectations of $100 million or more,…
Australia’s banks under intense scrutiny over interest rates
Australia’s banking sector is under the microscope with the big four bank bosses and the Reserve Bank governor…
Nerida Conisbee: China is roaring back
China abandoning its zero COVID-19 policy has resulted in the economy rebounding far faster than expected.
PropertyMe adds tenant payment service to its property management platform
Property management platform PropertyMe has launched a new rental payment service MePay that allows agents to see rental…
Adam Neumann provides more detail on his Flow startup
WeWork founder Adam Neumann has revealed more detail about his new startup Flow, canvassing the potential for future…
Brisbane tenant suing former landlord for $1.2 million
A Brisbane man who claims he sustained serious life-changing injuries when he slipped on a flooded floor is…
Tough market hits listings as REA announces half-year results
REA Group has announced its results for the six months to December 31, with the group reporting a…
REACH Australia launches Proptech listing portal
Venture capital firm and PropTech accelerator, REACH Australia is getting ready to launch a listing portal featuring all…
Block sizes smaller but more expensive
Australian buyers are paying more for less, with a new report from Domain showing the average block size…
Real estate and real-life masterclasses at Barry Plant Kickstart
It was back to the iconic Melbourne Cricket Ground for Melbourne’s iconic real estate brand, Barry Plant, for…
High-performance team opens Ray White Townsville
Townsville business owners Santo and Giovanni Spinella, along with their high-performance team, have joined Ray White as they…
We may not see a property investor comeback in New Zealand for a while yet
Property investors aren't expected to make a return to the New Zealand market any time soon.
Roxanne Paterson expands into Sandgate
Roxanne Paterson announces the opening of her second business in Queensland.
New South Wales the “poster child for failing housing markets”
A new report has found that the country's housing markets are in crisis, with New South Wales deemed…
Openn expands partnership with CoreLogic
Online property sales platform Openn has entered a commercial arrangement with CoreLogic that will see its software further…
MRI Software a step closer to PropTech Group acquisition
MRI PropTech group is edging closer to closing its deal for ASX-listed PropTech Group, with PropTech shareholders voting…
Borrowers look to refinance as rates rise
Refinancing could hit record highs this year following yesterday’s cash rate rise and with another widely predicted in…
Anne Duncan Real Estate partners with Ray White
Anne Duncan, who was commenced as a foundation member at Ray White in 1993, returns to the brand.
RBA lifts cash rate to 3.35pc at February board meeting
The Reserve Bank of Australia has lifted the official cash rate by 25 basis points following its first…
The landscaping trends set to be a hit in 2023
Earthy colours along with timber and stone-based structures are set to be the major trends in landscaping this…
O*NO Legal welcomes new senior lawyer
Former real estate agent and senior lawyer, Jonathan Green, has joined O*NO Legal - The Real Estate Agents…
House price declines starting to slow
Capital city house prices are now down 6.1 per cent from their peak in March 2022.
ANZ buys stake in Catalano’s View Media Group
ANZ has spent about $50 million to acquire a stake in View Media Group, majority owner of listings…
Prices forecast to decline as much as 10pc in 2023: PropTrack
A new report from PropTrack shows that property prices are on track to decline by between seven and…
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…
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…