Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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…
Bombshell US court ruling could see agents forced to reimburse sellers
An explosive court ruling in the US has opened the door for potentially millions of sellers to seek…
Star agents join Ray White Diamantidis Group
Principal Peter Diamantidis said his goal for the office this financial year was to make it into the…
New Zealand 3D prints a childcare centre
The southern hemisphere’s first commercial building featuring 3D printed concrete walls has been completed in Hamilton, New Zealand.
Smaller capital cities are the standout performers in a ‘segmented’ market
The smaller capital city property markets of Adelaide, Perth and Darwin have been the standout performers from across…
REIQ launches best practice guidelines
REIQ CEO Antonia Mercorella said the REIQ Best Practice Guidelines set the standard of compliance, behaviour and professional…
The effects of the housing crisis on real estate professionals
Property management is a high pressure, high stress job that can take an emotional toll on property management…
NurtureCloud reshaping the real estate industry
Ray White embarked on its journey with the PropTech platform NurtureCloud in 2021 to reshape the way real…
Home Value Index rises for the first time in almost a year
CoreLogic's national Home Value Index (HVI) increased 0.6 per cent in March, marking the first month-on-month rise since…
Housing shortfall tipped to worsen rental crisis
Australia’s housing crisis is set to worsen, with the nation expected to experience a shortfall of 106,000 homes…
Experts weigh in on interest rate debate
More than one-third of experts in Finder’s RBA Cash Rate Survey believe the central bank will put the…
Low stock levels fuelling national property price rises
Positive demand drivers, including low stock levels, are keeping a floor under property prices with national values rising…
One-in-five new buyers want an inner city home but can’t afford it
New home buyers in Victoria want to be living in established areas, but a lack of suitable options…
Look to the regions for affordable property
Home loan affordability may be declining but the great Australian dream of owning your own home is still…
One in four borrowers are paying over 6.5 per cent on their mortgage
Rising interest rates have caught borrowers off guard, with one-in-four now paying over 6.5 per cent interest on…
Will drop in inflation bring a rates pause?
Inflation has fallen for the second month in a bring, bringing with it renewed hope the Reserve Bank…
Ruff times for pet owners: Oaklands Park earns top ‘sad puppy’ score
The southern Adelaide suburb of Oaklands Park has been ranked the hardest in Australia for tenants with pets…
5 things to know about New Zealand’s refinancing wave
The steady flow of existing mortgage borrowers across NZ who have had to stomach higher interest rates each…
Atlas thrives in its northern exposure
Atlas’ expansion re-connects Lauren McHutchison with Atlas Brisbane Inner South Director Jarrod Perry who took charge of Atlas’…
Ronnie and Georgia launch new REIWA website
Property renovation gurus Ronnie and Georgia Caceres are the faces of a campaign to launch the new reiwa.com,…
AuctionWORKS brings the hammer down on 60,000 auctions
Leading auctioneers, AuctionWORKS has officially brought the hammer down on more than 60,000 auctions and in excess of…
PMVA secures six-year lease with Clark Global City
Property Management Virtual Assistant (PMVA) has extended its lease with Clark Global City for six more years, allowing…
HomeBuilder deadline extended for property owners
Property owners at risk of losing the $25,000 HomeBuilder grant due to ongoing building delays have been given…
Queensland Government to introduce rent cap
Queensland Premier Annastacia Palaszczuk has this morning given the strongest indication the State Government will push ahead with…
Tristian Kennedy steps up at Ray White Grange
Tristian Kennedy cut his teeth at Ray White South Australia’s top office, Ray White Norwood, and has now…
New Zealand home sales hit lowest level in 40 years
Home sales across New Zealand have plummeted to the lowest level since the GFC, as the sharp increase…
Deposit scheme allows Aussies to fast-track property ownership
An innovative deposit scheme is giving buyers along the East Coast of Australia the opportunity to buy off-the-plan…
Virtual agency eXp Realty dominates the RealTrends 500 list
Virtual brokerage eXp Realty has dominated the 2023 RealTrends 500 list after closing the most transaction sides in…
New NSW Government must address housing crisis
New South Wales may have a new premier in Chris Minns, but the state is still afflicted by…
New national president for Property Council
The Property Council of Australia today announced Managing Director of QIC Real Estate, Michael O'Brien, as its new…