Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Perth most affordable for first home buyers
Perth is the cheapest location in Australia to buy a home with the outer suburbs representing good value for first home buyers according to an expert.
Scheme helps 1 in 7 first time buyers get foot in the door
With rising inflation and interest rate increases, REIA President Hayden Groves said any initiatives to assist Australians of…
Marketing Masterclass: What agents can learn from selling The Block’s House #3
The cultural phenomenon that is The Block took things up a notch this year, heading to the countryside…
REA Group makes the Best Workplaces for Women list
Great Place to Work has today named REA Group on Australia’s Best Workplaces for Women list for 2022.
Interest rates and lending buffer see investors stuck on the sidelines
The rapid increase in interest rates is continuing to weigh on property prices and is making it more…
RBA remains set on taming that troublesome inflation
Reserve Bank of Australia, Governor, Phillip Lowe is set to continue increasing the official cash rate in an…
Australian suburbs where days on market have increased the most
Units in Ballarat Central in Victoria have seen their selling time increase the most in the country, according…
Rising rates cool New Zealand property prices
Rising interest rates are continuing to put pressure on home prices in New Zealand, with the latest data…
RiTA picks up Industry Innovation Award for third consecutive year
RiTA, the AI-powered lead generation assistant for real estate professionals, has been recognised with the Industry Innovation Award…
South Coast local takes over Ray White Ulladulla
South Coast real estate expert, Steven Mason, has added Ray White Ulladulla to his suite of businesses, joining…
Home price falls stabilise in October
National home prices recorded a small decline in October as values continue to stabilise.
Reserve bank lifts interest rates 0.25 per cent
With inflation at its highest level in more than three decades, the Reserve Bank of Australia has announced…
Major banks tip cash rate will peak at 3.85%
Today's 0.25 per cent increase to the cash rate is less than two of the big banks predicted,…
Century 21 expands in Auckland
Domestic and family violence course to launch in 2023
Real estate agents and property managers will soon be able to complete an online course to help them…
Land sales spike in South East Queensland
Demand for land in South East Queensland remains elevated with sales up to 10 times higher than pre-pandemic…
Best in Queensland real estate recognised for raising the bar
Real Estate Institute of Queensland Chief Executive Officer Antonia Mercorella commended and praised the awardees for their exceptional…
Why 2021 was the exception, not the rule, in the property market
After a record-setting year for real estate last year, transaction volumes and prices have dropped, however, 2021 should…
Experts predict another cash rate rise from the RBA
There’s likely more pain ahead for borrowers with 97 per cent of experts expecting the RBA to hike…
Online broker powers sales high for Ellen Property
Ellen Revello has posted her best year in real estate sales after launching her own business, Ellen Property,…
Australia’s largest sales CRM partners with digital inspection platform
Proptech Group Australia and Little Hinges have inked a world-first deal that will see the two industry leaders…
Melbourne Cup weekend sees auction volumes and clearance rate dip
Auction volumes dipped this week, with the preliminary clearance also falling to its lowest level since late August.
Woodards duo take out auctioneering titles
Woodards duo Luke Banitsiotis and Ashley Maikousis have taken out the REIV Senior Auctioneer and Novice Auctioneer Awards…
House buyback scheme announced for Northern Rivers flood victims
Two thousand homeowners affected by this year's severe flooding across Northern NSW will be able to access a…
House prices are falling at the fastest quarterly rate on record
Rising interest rates, surging inflation and high levels of household debt have seen home prices across the country…
Unit prices falling slower than houses
Unit values across the country are likely to be more resilient during the current market downturn according to…
Central Place Sydney receives DA approval from City of Sydney
Sydney’s new tech precinct, continues to take shape, with Central Place Sydney receiving Development Application approval from the…
REIQ unveils fresh look for 104-year-old institute
The Real Estate Institute of Queensland (REIQ) is launching a bold brand identity today that reflects the exciting…
REIV calls for major property sector reforms in lead-up to Victorian election
The REIV is seeking meaningful engagement with all sides of Victorian politics to secure the continued support of…
It’s still possible to buy a house under $1 million within 5km of the city
Despite the record increase in house prices across the country in recent years, it’s still possible to find…
Rain and trains hampering office occupancy recovery
Continued heavy rain across the East Coast as well as public transport disruptions have slowed the return to…
Rental supply at the lowest level in two decades
Rental stock across Australia has reached the lowest level since 2003 led by the reopening of international borders,…
