Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Agents rally in Victorian floods to help clients
Real estate agents across Victoria are counting the cost of the devastating floods that have gripped the state, with some still unclear on the exact amount of damage.
Ray White Bundaberg business owner puts roots down in Bargara
After starting Ray White Bundaberg with just "two milk crates and a couple of phones" six years ago,…
Borrowers “scrambling” to refinance in record numbers
Rapidly rising interest rates and higher living costs are pushing record numbers of borrowers to refinance their home…
Useful real estate links and articles for flood-affected regions
Articles and links, which are designed to assist real estate professionals before, during and after a natural disaster…
Financial relief for flood-affected communities
In the wake of this weekend’s widespread flooding across south eastern Australia, the Federal Government and Victorian State…
Capital city auction volumes fall 4 per cent
Capital city auction volumes fell 4 per cent this week, with 1742 homes going under the hammer to…
REIQ says public landlord register is unjustified
As the Queensland Government prepares for an upcoming housing summit to address the state’s ongoing supply issue, a…
Joe White elected new REIWA President
REIWA has elected Joe White as the institute's new President, after serving two years as Deputy President.
Richard Matthews Real Estate goes above and beyond in fundraising effort
In the past 14 months, Richard Matthews Real Estate has raised and donated $40,000 to Beyond Blue and…
Rents hit record highs again as units outpace houses
Rents have hit record highs across the country again, with unit rents rising much faster than houses.
New Propic AI seeks to generate more leads and save agents time
PropTech innovator, Propic has reinvented its Artificial Intelligence technology, with a trio of revamped products aimed at meeting…
New listings 15 per cent below the long-term average
Despite rising interest rates and falling prices, homeowners are not rushing to sell.
Slower start to spring for new listings but what’s to blame?
The extra public holidays in late September have contributed to a slow start to spring for sellers, with…
Laing+Simmons appoints new head of property management
Laing+Simmons has appointed a Head of Property Management for the first time to lead its new in-house property…
Little Hinges lands partnership with industry heavyweights, Ray White
Little Hinges have inked a deal with Ray White Surfers Paradise to ensure every new rental property features…
Former Bathurst winner Lee Holdsworth transitions to commercial real estate
After winning the Bathurst 1000 in 2021 and starting on the front row in 2022, Supercars veteran Lee…
Housing market passes ‘peak fear’ phase
Australian property markets have passed their “peak fear” phase and are expected to bottom out in the new…
Turner Real Estate launches Turner Prestige
All Turner Prestige properties will be part of a smaller, single portfolio managed by dedicated Prestige portfolio manager…
New program to unblock local housing backlog
The NSW Government has announced an $11.5 million Unblocking Homes Program that will help fast-track the delivery of…
Consumers start to cut spending as rates rise
Rising interest rates and high inflation, are starting to hit the hip pockets of consumers with new data…
Raine & Horne shores up its reach with the launch of a new Turramurra office
Raine & Horne has added another office to its expanding network on Sydney's North Shore that will be…
Property Council Chief Executive Ken Morrison to step down
The Property Council of Australia has announced Chief Executive Ken Morrison will leave the organisation in December to…
No end in sight for rising construction costs
There’s still no relief in sight for builders with construction costs continuing to rise at a record rate.
House price falls to continue into 2023: NAB
There’s likely more property price declines ahead with values to continue decreasing in 2023, according to the National…
Rundown Sydney home in need of $500,000 in repairs hits the market
A rundown Sydney home that needs upward of $500,000 in repairs is attracting plenty of interest from potential…
Different to offer property management as-a-service
Australian proptech :Different, has announced the launch of an all-in-one property management solution, :Different for Agencies.
Rental stock levels well below five-year average
Rental stock levels are more than 35 per cent below the five-year average and growth in annual rents…
Rising interest rates lead to a surge in refinancing
Homeowners are refinancing their mortgages at record levels as the impact of rising interest rates start to take…
Preliminary clearance hits its highest peak since late May
The preliminary clearance rate has reached its highest point since May after auction volumes increased this week.
Sydney vacancy rates hit the lowest on record
Sydney's vacancy rate has dropped to a record low of 1.1 per cent, with the number of available…
Perth rental stock hits the lowest level in 12 years
Perth rental volumes continue to plummet, with new data showing the number of available properties has reached a…