Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Western Australia’s housing supply hits a new low
The number of properties for sale and rent in Western Australia hit a 12-year low in December, according to the Real Estate Institute of Western Australia.
PropTrack, CoreLogic report slowdown in rental price growth
Rental prices finished 2022 at a significantly higher level than they were the year prior, but price growth…
Property Council welcomes first-home buyer support
Property Council Australia Acting NSW Executive Director Adina Cirson said stamp duty "deserves to be on the chopping…
The best locations for cash flow in 2023 revealed
Property investors chasing lower holding costs should set their sights on larger regional cities, according to a new…
Building approvals fall again as RBA’s rate rises hit home
An economist is urging the Reserve Bank of Australia to "hold fire" on future rate rises after new…
New property listings plunge in December as homes stay on the market longer
The number of new listings hitting the market in December fell by 31.1 per cent when compared with…
Foreign buyers look to Australia after Canada ban
Canada’s decision to shut the door on foreign buyers could prove a bonus for the Australian property market,…
Australian property values record largest decline on record
Australian property values have clocked the largest decline on record, dipping by 8.4 per cent between their peak…
NSW Labor to shake up pets in rentals and stamp duty if elected
NSW Labor has hit the campaign trail hard, promising to extend first-home buyer stamp duty exemptions and make…
Homebuyers ditch location for lifestyle
Once real estate was all about location, location, location, but now lifestyle, lifestyle, lifestyle is at the forefront…
REIQ appointed to housing supply expert panel
Antonia Mercorella will form part of the Queensland Housing Supply Expert Panel.
New population report reveals what Australia’s cities will look like in 2033
Melbourne remains on track to overtake Sydney as the country's largest city within the next decade, according to…
2022 the worst year for property price drops since the GFC
December home price figures paint a mixed picture for a property market that came under intense pressure from…
Perth property prices tipped to rise in 2023
Low stock levels and high demand will continue to see property prices rise in Australia’s most affordable capital…
Simon Pressley’s 2023 property market predictions
House prices will rise between two and seven per cent in the majority of capital city and regional…
The top 50 residential real estate influencers and innovators for 2022
There is rarely a dull day in real estate. From mergers and acquisitions, pivoting in a changing market…
Only 7 per cent of suburbs in New Zealand not experiencing price declines
While most suburbs in New Zealand have been experiencing steep home price declines in the past three months,…
Demand for quality commercial assets to increase in 2023
Demand for value-add commercial assets and locations that will experience strong population growth will be a key focus…
O*NO Legal’s new webinar tackles start-ups and early growth
With more and more real estate agents opting to start their own agency it’s increasingly important to understand…
Quartet of Ray White Auckland bays offices recommit to group
The continued commitment of the offices owned by Wayne Maguire and his partners, according to Ray White New…
Distressed property sales could increase next year: HTW
The end of many borrowers' fixed-rate loan term in 2023 is expected to present a significant challenge for…
Home buyers search for ways to save as rates rise
Home buyers searching for information on interest rate rises exploded in 2022, with new research suggesting thousands of…
Regional home prices hold up better than the capital cities
After booming throughout the pandemic, regional property prices have continued to outperform the capital cities in 2022, driven…
Experienced agents bring wealth of knowledge to new Paradise business
Nick Borrelli and Jason Spagnuolo intend to grow the company and expand into both property management and finance…
Two Toorak records among Victoria’s top sales in 2022
Two state records set in just a matter of days in August topped the list of Victoria's most…
Top agent continues partnership with Ray White
Some of the NSW property sales that wowed us in 2022
There's no doubt Sydney has some of the most luxurious homes in the world and some of the…
New online marketplace looks to match agencies, principals with PropTech startups
A new platform designed to link PropTech startups with agencies and principals seeking to diversify their business or…
REIACT appoints new chief executive officer
The Real Estate Institute of the ACT (REIACT) has appointed Maria Edwards to the CEO role, taking over…
New Zealand property values decline at GFC levels with further falls predicted
Agents taking stock of Australia's deteriorating market conditions should spare a thought for their Kiwi cousins, with values…
Combating Taree’s rental crisis with transitional housing
The rental crisis across Australia is reaching extreme levels, with some of the biggest shortages occurring in regional…
Victorian suburbs top the list for best buying opportunities in 2023
Victoria has topped the list for the most suburbs that offer great buying opportunities in 2023 according to…
Uptick in property listings during November, PropTrack says
New property listings rose during November, according to a new report, with regional areas witnessing the largest increase.
