Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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,…
Familiar face expands into rural Shoalhaven
Property industry says Budget addresses housing supply but not affordability
The property and housing industries have largely welcomed Tuesday's Federal Budget as a good start to solving Australia’s…
Three Australian suburbs named among the world’s coolest
The world's coolest suburbs have now been named by online magazine Time Out.
Fractional ownership of holiday homes comes to Australia
If you've ever wanted to own an overseas luxury home but wondered how you could afford it, a…
Everything in the Federal Budget for real estate
Treasurer Jim Chalmers has delivered Labor’s first Budget in almost a decade, labelling it “a responsible budget that…
Is your agency’s cyber security up to par?
With seven major Australian companies falling victim to data breaches in recent weeks, Real Estate Institute of Australia…
My Morris better serves the community through new brand creation
Through an extensive process, the team at My Morris underwent a transformation to launch their business under their…
Sydney property prices have fallen 10 per cent since February
Property prices in Sydney continue to feel the effects of the downturn, with new data showing values have…
Victorian Government provides $1.1 billion boost to shared equity scheme
The Victorian Government has announced a $1.1 billion expansion to its shared equity home buying scheme.
Real estate’s wishlist for the Federal Budget
With the Treasurer readying to unveil a Federal Budget that’s expected to be heavily focused on the cost…
Elders Lifestyle Group expands into Yamba
Elders Lifestyle Group, led by CEO Dave Gray, have this week announced the acquisition of two agencies in…