Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
New Zealand’s high-end properties have fallen in value by up to $300,000
New Zealand’s wealthiest suburbs are being hardest hit by the current market slowdown, with values falling by up $300,000 in some suburbs.
Australia has taken a ‘light touch’ with Airbnb. Could stronger regulations ease the housing crisis?
The current housing crisis has renewed debates about how to regulate short-term rental platforms such as Airbnb.
Rental rates soar to new heights
Weekly rent for a three-bedroom house in Brisbane has experienced the highest annual increase this century, with little…
Real estate agency ordered to pay after advertising mislead buyer on air-conditioning
A Melbourne real estate agency has discovered the hard way that it pays to get your listing copy…
The real estate fallout from the Silicon Valley Bank collapse
Silicon Valley Bank, America’s 16th largest bank and a large source of funding for some prominent PropTech companies,…
Professionals Granger Clark Real Estate on the past 12 months with RiTA
There is gold in every database. For Matt Condit, Licensee and Principal at Professionals Granger Clark Real Estate,…
Buxton adds another Melbourne office
Strategic growth sees Buxton expand into Melbourne’s affluent Camberwell.
1000 agents join LJ Hooker
An energised LJ Hooker network is attracting staff in a changing market.
Property values higher than before the pandemic
National housing values are still 14.8 per cent higher than they were at the start of the Covid…
PropTech is not something for agents to fear
Technology is continuing to change the way real estate agents operate, but the huge increase in new PropTech…
How to perfect your prompt writing for ChatGPT, Midjourney and other AI generators
Generative AI is having a moment. ChatGPT and art generators such as DALL-E 2, Stable Diffusion and Midjourney…
Auctions dip with public holiday, but tipped to rebound next week
Auction volumes and clearance rates took a bit of a dip over the weekend with a public holiday…
City vacancy rate drops below regional areas
The national vacancy rate has fallen to just 1.47 per cent, less than half the level seen before…
REIA 2023 National Awards for Excellence winners announced
REIA National Awards for Excellence winners have been announced at the at the Crown Ballroom in Perth tonight,…
Investors seek hotels after near record year of transactions
The $575 million sale of Australia’s first Waldorf Astoria Hotel is evidence investors are continuing to turn to…
Foreign investment is down, but for how long?
Foreign investment in Australian real estate fell over the last quarter, but a recent uptick in enquiries from…
February listings rebound as Autumn selling season approaches
New property listings increased by nearly 25 per cent over the month of February, though they remain below…
House prices: why this key figure is more important than mortgage rates
Population growth has a far bigger impact on property prices than mortgage rates, according to a new report…
The three things it takes to sell property in 2023
While mainstream headlines may indicate the current property market is somewhat turbulent, Market Buy CEO John Hellaby says…
Entry Education expands and sets a new pace in NSW
Australia's largest real estate academy, Entry Education, is expanding its operations in NSW.
RBA Governor indicates a rates pause could be on the way
Reserve Bank of Australia Governor, Philip Lowe, has given his strongest indication yet that a rate rise pause…
The simple fixes clients can make to help their listing stand out
It's an age old problem: You want your sellers to do everything they can to make their property…
Fair Trading to start attending OFIs from late March
NSW Fair Trading representatives will begin attending rental inspections from late March to ensure compliance with new rent…
Agent warns of the risk of overpricing rental properties
Brisbane-based real estate agency Place Sunnybank has drawn attention to the risk of landlords overpricing their properties in…
RBA announces tenth consecutive rate rise at its March meeting
The Reserve Bank of Australia has increased the cash rate by 25 basis points at its March meeting,…
Mortgage affordability declines, rent crisis eases slightly: REIA
Mortgage holders are facing an increased financial strain for mortgage holders but renters have been given a slight…
Program helps tenants get their tenancy back on track
A Queensland property management agency has teamed up with an innovative program that corrects tenancies headed for failure…
Kay & Burton unveils brand evolution
Leading premium real estate agency Kay & Burton has unveiled its brand evolution project which will re -establish…
Share of sub-$400 per week properties falls sharply
The number of rental listings asking for $400 per week or less on realestate.com.au has nearly halved in…
Improving auction clearance rates: what do they tell us about the rest of the market?
Australia's auction clearance rate edged past 70.3 per cent last week, following a strong month of auction activity…
Inspect Real Estate joins forces with Reapit ANZ
Reapit ANZ, backed by US private equity firm Accel-KKR, has added local real estate software company InspectRealEstate to…
Laing+Simmons Mount Druitt turns 20
Principal Basel Nahas says a lot has changed in real estate and the area over the past 20…
Rush to quality driving inner-Melbourne market resurgence
An influx of overseas students and the return of Australians from overseas is driving activity in Melbourne's luxury…
Rate cuts could begin from 2024, Westpac says
The Reserve Bank of Australia is expected to issue seven rate cuts between 2024 and 2025, according to…