Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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 months.
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…
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…
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.