Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
APRA chooses not to loosen borrowing restrictions
The Australian Prudential Regulation Authority has declined to loosen its current serviceability buffer for new home loans despite from the banks to do so.
Laing+Simmons office join The Abassi Group
Today marks an important milestone for the award-winning Laing+Simmons The Abassi Group, with the network’s Caddens | Penrith…
Former Block winners to host Location, Location, Location
After nearly a decade off our screens, the property show Location, Location, Location is set to return with…
Perth rents reach all-time high
Perth’s median rent reached an all-time high of $535 per week in February, with vacancy rates remaining well…
New Zealand value decline re-accelerates in February
The downturn in the New Zealand property market gained renewed pace in February, with values falling at their…
Is the downturn over? Home values bounce back in February
Australia's property values increased slightly in February, according to PropTrack, while separate figures from CoreLogic also show the…
New ABS figures reveal knockdown hotspots
The number of demolition projects in Australia is predicted to fall in the coming 12 months, but some…
Anne Flaherty: PropTrack economist’s predictions for 2023
While 2023 is likely to be a tough year for renters, signs are starting to emerge that the…
The Queensland agency offering to cover six months rent or mortgage payments
With the cost of living crisis taking its toll on Australian households, one Queensland real estate agency has…
Mortgage Choice launches new national brand campaign targeting refinancers
Mortgage Choice will hit screens nationally this week with the latest iteration of its ‘You’re Never a Loan’…
Why the regional sea and tree change trend isn’t over yet
Predictions of a mass return to the cities following the end of the Covid-19 pandemic have been overstated,…
Raine & Horne announces the passing of Max Raine
Max Raine, the former Chairman of Raine & Horne, has passed away at the age of 91, the…
CoreLogic completes Plezzel acquisition
CoreLogic International has completed its acquisition of Victorian-based proptech firm Plezzel, a digital automation and lead generation platform.
Queensland introduces Property Law Bill to parliament
The Real Estate Institute of Queensland (REIQ) has slammed the Queensland government's decision to introduce a bill implementing…
Australia’s empty offices could be the key to solving the housing crisis
Turning empty office buildings in Australia’s CBDs into housing via a process known as asset repurposing could help…
Regional Western Australia’s top price growth locations revealed
Western Australia's Bunbury was the top performing regional centre in the state over the December 2022 quarter, according…
2023 ARERA winners announced
The winners of the annual Australasian Real Estate Results Awards (ARERAs), an initiative of the Real Estate Result…
Westpac predicts rents will keep rising for longer
Westpac is predicting that rents will jump by 11.5 per cent this year, enough to tempt investors and…
Successful agent achieves dream as new owner of Ray White Marshlands
After just six years working in real estate, Amanda Blair has taken over ownership of Ray White Marshlands.
The real reason real estate sales figures went backwards this January
A new report from Xero showing lackluster sales figures in the real estate sector is likely a hangover…
Australia’s leading on-shore contact center, saving you time in your prospecting
Meson Agency’s Founder John Angelopoulos can sum up his organisation in a nutshell.
MRI Software completes PropTech Group acquisition
MRI Software has completed its $93.4 million stock acquisition of PropTech Group.
Prices are falling, so why is it still so expensive to buy in New Zealand?
Property values have been falling in New Zealand, but rising interest rates mean Kiwis are handing over more…
School zones still attracting price premiums
Being in a school catchment zone could add ten per cent to a property's sale price, according to…
Population patterns, not tax breaks, responsible for housing crisis
Australia's unique population patterns and a shortage of available residential land near jobs and services has had a…
100 days in: Craig Pontey shares highlights from time at McGrath Double Bay
We've been closely watching leaders' first 100 days since the times of President Roosevelt, and the two co-principals…
HTW property predictions: Second half of 2023 to bring stability
Rapid interest rate increases have eroded the optimism surrounding residential property, but a slowdown in rate rises in…
High-achieving couple take over Ray White NorthWest
Hardworking and focussed, Ronald Hachache and his wife Natalie have taken over ownership of the business from longstanding…
McGrath’s half-year results: expansion, profit and market outlook
McGrath has revealed its plans to add 125 new, high quality offices to its national network as part…
Auction clearance rate on the rise
Auction activity lifted again this week with preliminary figures from Domain recording a 67.6 per cent clearance rate…
Homely reports solid revenue growth, record site and app visits
Homely has announced its full-year results for 2022 noting strong financial performance.
Laing+Simmons opens Rouse Hill | Box Hill office
Principal Raj Mangat will lead the office and is looking to grow the agency in 2023.
Real estate agencies confident about business outlook this year
More than 80 per cent of Australian real estate agencies are confident in the business landscape going forward…
How a fake Rolex set Ryan Serhant on the path to success
Real estate mogul Ryan Serhant has revealed how a fake Rolex watch changed his life by giving him…
REINSW launches Rent Crisis Action campaign
The Real Estate Institute of NSW (REINSW) has launched a campaign to address the housing crisis affecting tenants…