Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Auction clearance rates hit a seventh-month high
Auction clearance rates have bounced back to a seventh-month high as vendors are now more prepared to meet the market according to a new report.
First-home buyers choosing pets over family
First-home buyers would rather have more space for a pet than be close to their family according to…
New home lending falls to lowest level in three years
New home lending has fallen to the lowest level in three years as industry experts believe it's time…
Ray White SA’s top salesperson opens new business
High performers turn to tech for the edge
Technology continues to play an increasing role in the real estate industry, with more and more high performers…
Auction volumes drop across Sydney in November but sentiment starting to change
Sydney auction volumes have halved compared to this time last year as uncertain vendors have moved across to…
Busiest auction week since June
The combined capital cities have had the busiest auction week since mid-June, with 2506 homes going under the…
Cash rate expected to rise again on Tuesday
The odds of another cash rate rise at this month’s Reserve Bank of Australia (RBA) meeting remain high,…
Vacancy rates hold steady in November
Vacancy rates across the country remain at record low levels, holding steady at 0.8 per cent according to…
‘Job crafting’ the new Harcourts NSW BOM role
Record low rental affordability puts low-income earners under severe rental stress
Surging rents and low vacancy rates are putting an increasing number of households under rental stress, with low-income…
Queensland housing crisis action plan revealed
A multimillion dollar cash injection to help struggling tenants stay in their homes, along with an audit of…
The band is getting back together at RE/MAX
Property values fall for seventh consecutive month
Property values have dropped more than $50,000 since their peak in April according to the latest CoreLogic Home…
Home prices fell in November as rates pressure buyers
Interest rate pressure is contributing to the “downward trend” in home prices, with new data showing values declined…
The Agency expansion gathers momentum with Rockhampton launch
National real estate group The Agency has continued its expansion in Queensland, launching an office in Rockhampton.
Otago named Australia’s most family-friendly suburb
It’s getting easier for homebuyers to get into family-friendly suburbs as more stock comes onto the market according…
Prime residential price growth to slow in 2023
Prime residential property prices in Sydney and Melbourne are expected to remain flat next year, after performing well…
Rising star Marcus Hejtmanek joins Adrian William
With six years of experience working in high-performing teams, Marcus Hejtmanek has forged a reputation of excellence across…
Ray White powerhouse expands to Croydon
Unit growth falls into negative territory
Annual growth for units across the country has slipped into negative territory, with values down 1.4 per cent…
Nerida Conisbee: Where you should have bought a decade ago
Over the past decade, the median in Sydney has increased the most. There are a lot of factors…
Tenancy law reforms haven’t stopped investors
Tenancy law reforms in NSW and Victoria have only had a small impact on landlords’ decisions to purchase…
Agent of the year on the property marketing tool you need in 2023
Brisbane Inner West Realty Director Kathleen Luck is doubling down on technology to take her property marketing to…
Renters now need to work six hours more to pay rent than before the pandemic
Rising rents are forcing US tenants to work more than six extra hours per week, just to afford…
Properties selling faster than prior to the pandemic
Despite overall demand slowing down since the peak of the boom, properties across the country are still selling…
Lisa Pennell joins Barry Plant as chief operating officer
Lisa Pennell will approach her new role as the Barry Plant Group’s chief operating officer with curiosity and…
LJ Hooker’s award-winning team opens new office in Perth
The LJ Hooker network has expanded its presence in Perth’s high-growth north coast region ahead of the completion…
Vendors slash asking prices as selling conditions get tougher
Some vendors across Sydney are cutting their asking prices by as much as $800,000 as the market continues…
New real estate reality show rumoured to be in the works
With Luxe Listings Sydney becoming one of the big TV hits of the past few years, a new…
Auction volumes continue to rise in lead-up to Christmas
Auction volumes have risen further this week, and the trend is tipped to continue in the lead-up until…
More land is required to build one million new homes
The government will need to release more land if they’re to meet their goal of building one million…