Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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.
Katie Lance: 3 social media predictions for 2023
Real estate agents should focus on three key areas when it comes to social media in 2023, according…
Barry Plant appoints Chris Hill as franchise development manager
Chris Hill plans to make the Barry Plant brand more "sticky" for its members.
Million Dollar Bogan raises $35,000 for mental health support
Geelong real estate agent and Big Brother star Daniel Hayes has helped raise $35,000 for telephone crisis support…
New Zealand unlikely to ease borrowing restrictions in 2023
The Reserve Bank of New Zealand is unlikely to ease current loan-to-value ratio restrictions that require investors to…
Rental listings the lowest they’ve been since 2003, PropTrack finds
The number of rental listings advertised in Australia's capital cities has reached its lowest point in nearly 20…
Code Property Group: the tech PMs are using to beat burnout
Property managers are experiencing added pressure as they start a new year in one of the tightest rental…
Perth vacancy rate at lowest level in four decades
Perth’s vacancy rate has dropped to its lowest level in 42 years, after falling to just 0.6 per…
Mortgage refinancing activity up as survey shows borrowers are fudging the numbers
Owner-occupiers are refinancing in record numbers according to new statistics from the Australian Bureau of Statistics, as separate…
RE/MAX Next International promises to be a real estate one-stop-shop
David Jiang has opened RE/MAX Next International, which will offer all aspects of residential and commercial real estate…
Leading Sydney Inner West specialist joins BresicWhitney
Leading Inner West specialist Frederico Fraga-Matos has joined leading property group BresicWhitney