Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Queensland’s vacancy rate inches higher in December quarter
The Sunshine State's rental market remains incredibly tight despite a slight uptick in vacancy levels during the December quarter, a new report from the Real Estate Institute of Queensland shows.
RE/MAX flagship launches in Hamilton, New Zealand
Harry Luther has opened the doors to RE/MAX's new flagship office in New Zealand
Ray White Surfers Paradise’s The Event sees 94 properties go under the hammer
Ray White Surfers Paradise's annual The Event auction saw a clearance rate of 59 per cent, with 302…
Louise Schofield joins PMVA to elevate property management success
Industry authority Louise Schofield has joined real estate outsourcing company PMVA, aiming to create better workplace culture, more…
REIA announces finalists for National Awards for Excellence 2023
The Real Estate Institute of Australia has published its 2023 finalist list the REIA National Awards for Excellence…
Queensland ranked number one state economy by CommSec
An uptick in sea and tree changers heading north has led to Queensland being ranked the best-performing state…
Residential land prices stabilise after 26 per cent surge
The cost of new residential land has stabilised following a strong two years of growth, with rising interest…
One in two property markets declined in 2022: CoreLogic
Record high inflation, rising interest rates and weak consumer sentiment are leading to falling home prices, with new…
Our favourite new tech ideas from CES 2023
The annual Consumer Electronics Show in Las Vegas was back with a bang this January, with no shortage…
Popular Ashfield agent bolsters growing independent agency
Ashfield’s number one agent Jackie Wang has joined forces with expanding inner west agency, Hudson McHugh.
Katie Lance: 3 social media predictions for 2023
Real estate agents should focus on three key areas when it comes to social media in 2023, according…
Barry Plant appoints Chris Hill as franchise development manager
Chris Hill plans to make the Barry Plant brand more "sticky" for its members.
Million Dollar Bogan raises $35,000 for mental health support
Geelong real estate agent and Big Brother star Daniel Hayes has helped raise $35,000 for telephone crisis support…
New Zealand unlikely to ease borrowing restrictions in 2023
The Reserve Bank of New Zealand is unlikely to ease current loan-to-value ratio restrictions that require investors to…
Rental listings the lowest they’ve been since 2003, PropTrack finds
The number of rental listings advertised in Australia's capital cities has reached its lowest point in nearly 20…
Code Property Group: the tech PMs are using to beat burnout
Property managers are experiencing added pressure as they start a new year in one of the tightest rental…
Perth vacancy rate at lowest level in four decades
Perth’s vacancy rate has dropped to its lowest level in 42 years, after falling to just 0.6 per…
Mortgage refinancing activity up as survey shows borrowers are fudging the numbers
Owner-occupiers are refinancing in record numbers according to new statistics from the Australian Bureau of Statistics, as separate…
RE/MAX Next International promises to be a real estate one-stop-shop
David Jiang has opened RE/MAX Next International, which will offer all aspects of residential and commercial real estate…
Leading Sydney Inner West specialist joins BresicWhitney
Leading Inner West specialist Frederico Fraga-Matos has joined leading property group BresicWhitney
Victorian property market not all one-way
Demand for regional Victorian property continued in 2022 with house prices rising eight per cent.
Australia’s rich-listers buy and sell over Christmas
Australia's mega-rich have been buying and listing lavish properties during the Christmas-New Year period, with Atlassian Co-founder Scott…
Castle Hill and Hawkesbury offices enhance McGrath West Group footprint
McGrath West Group announces the acquisition of McGrath's Castle Hill agency as well as the opening of a…
Nerida Conisbee: Australian economy slows but interest rates will keep rising for now
The latest inflation figures showed that it increased at a faster rate in November than it did in…
Construction costs show signs of easing after record increase
Residential construction costs rose by a record amount last year, new data shows, but signs of a slow…
When should NSW first-home buyers consider stamp duty over property tax?
It would take more than a decade for first-home buyers in NSW to be better off opting for…
Entire Tasmanian town of Tarraleah is back on the market
Tarraleah, a former hydro town in Tasmania, is back on the market following a Covid-disrupted campaign, with listing…
Call for athlete villages to be turned into low-cost housing
Real estate bodies and community housing advocates have called on the Victorian Government to turn Commonwealth Games accommodation,…
@realty creates a free AI tool for all agents to use
The real estate sector has experienced a major shift in the way agents and agencies conduct their business.
New UK start-up aims to split costs of owning a second home
A UK-based fractional ownership startup that aims to make owning a second home more affordable has launched, offering…
Rental home cull as rents rise at their steepest annual rate on record
Australia’s rental crisis isn’t looking like it will ease anytime soon with more than 6000 affordable rentals to…
Australia’s top 100 streets for property values revealed
A new report from Suburbtrends has uncovered the top 100 streets in Australia for high-value properties.
Inflation figures bounce back in November
New inflation data from the Australian Bureau of Statistics shows the consumer price index rose 7.3 per cent…
Bricks + Agent acquires Maintenance Manager
Australia and New Zealand’s largest property maintenance platform Bricks + Agent has acquired its largest competitor Maintenance Manager,…
Casey Estate Agents are preventing property manager burnout in 2023
Melbourne-based property management agency, Casey Estate Agents, are giving their team access to technology that will streamline their…