Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Falling property prices contribute to drop in household wealth
Household wealth has fallen for the first time in more than two years, with $484 billion being wiped off in the June quarter.
RBA takes more moderate approach with 0.25 per cent cash rate increase
After a series of bullish interest rate hikes in recent months, the Reserve Bank of Australia has tempered…
McGrath acquires stake in top performing franchise
Loss-making resales have started to rise as property downturn continues
The Australian property market has peaked and turned downwards, with the number of loss-making transactions starting to rise.
Regional property values set to benefit from the renewable energy boom
Australia’s focus on renewable energy will see a number of regional property markets across the east coast benefit…
New QLD rental laws for pets to come into play
Queensland's new rental laws have come into effect, with property owners no longer able to set a 'no-pet…
Auction volumes down but clearance rate holding steady
Consecutive long weekends have continued to impact auction volumes, with 1613 properties taken to auction across the combined…
Property price falls moderate as spring activity increases
Property prices across the country were widespread in September, but the pace of falls moderated significantly, with the…
Ray White NSW/ACT strengthens leadership team
Controversial Queensland land tax shelved
The Queensland Government has shelved its controversial land tax, with the state’s peak real estate body saying the…
REIA welcomes regional First Home Buyer Guarantee as prices in regions surge
President Hayden Groves said scarcity of supply in regional towns has become a driving factor in housing affordability…
Low-deposit finance across New Zealand becoming harder to get
Low-deposit finance is becoming increasingly hard to secure in New Zealand as banks continue to tighten lending standards.
Queensland real estate icon Andrew Bell joins REIA board
Ray White Surfers Paradise owner and widely respected agent Andrew Bell OAM has been appointed to the Real…
Adelaide property prices starting to cool after a record run
The daily number of sales in metropolitan Adelaide has fallen dramatically this year, reverting back to pre-pandemic levels,…
Neighbours property on the market as council rejects heritage listing
A slice of Australian television history is on the market, with one of the Melbourne homes featured in…
CampaignAgent reacts to huge industry uplift in demand for more VPAPay
Agencies have reported a significant uplift in Pay Later applications as the property market turns from a seller’s…
Demand increasing for energy efficient homes
Demand for energy efficient homes is on the rise as cost of living pressures are forcing Australians to…
Richard Matthews Real Estate opens third office
Richard Matthews has officially opened a shiny new office in the heart of Georges Hall.
Australia’s most ‘royal’ suburbs revealed
The town of Warragul in eastern Victoria is officially Australia’s “most royal” location, boasting more royal street names…
Brisbane gets its first $3 million suburb
The inner-city suburb of Teneriffe in Brisbane has officially become the first suburb in the city to top…
Experienced Melbourne agent and auctioneer Bradley Cooper joins Ray White
His philosophy is built on diligence, passion, investing time in further training and surrounding himself with successful people.
Raine & Horne expands into the Southern Tablelands
Raine & Horne Bungendore/ Braidwood will focus on meeting demand for rural properties and helping buyers priced out…
858,000 households have an adult child living at home
The cost of living is surging across Australia and the higher expenses are forcing more people to move…
Adelaide and Brisbane among the world’s best performed property markets
Adelaide and Brisbane have bucked the national trend and recorded strong house price growth as worldwide prices continue…
Queensland multi-jurisdictional land tax plan hits a hurdle
The Queensland Government’s plan to introduce a land tax that encompasses property in other states may have hit…
How Pay On Success VPA solves vendor reluctance in today’s market
The property market is changing. Your approach to vendor paid marketing needs to as well.
Top team joins Ray White Doreen
Aaron Geary started his real estate career in 2017 and quickly progressed to an auctioneer and has won…
Hefty deposit needed to inspect Melissa Caddick’s Dover Heights home
The Dover Heights home of missing alleged fraudster Melissa Caddick has officially hit the market, but if you’ve…
Queensland rental supply falls 30 per cent as investors exit market
Surging house prices across Queensland have caused a wave of investor selling, the the number of available rental…
Australian home buyers prepared to wait for lower prices
Nearly eight in 10 Australians are prepared to wait for house prices to fall further before jumping back…
Preliminary clearance rate holds above 60 per cent
The preliminary clearance rate has held above 60 per cent for the fourth consecutive week, despite a drop…
The worst is yet to come on interest rates and the economy: Treasurer
Federal Treasurer Jim Chalmers has warned homeowners there will likely be more pain ahead as interest rate rises…
Grow your rent roll with levelled up listings
Property managers have always been amongst the hardest workers in the room. Landlords expect great results in short…