Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Real estate industry needs to be more vigilant with data
Industry experts have called for more to be done to protect tenants', landlords' and trades' personal and financial information following a recent data breach.
Contestants, auctioneers and the underbidder say there was no dummy bidding on The Block
The Block auctioneers and the winning contestants have rubbished rumours the underbidder on Oz and Omar’s resort-like House…
Ray White expands high performance team
Mortgage rates nearing APRA’s mortgage serviceability buffer
The sharp rise in the official cash rate has seen mortgage rates pushing up towards the Australia Prudential…
LJ Hooker opens a new office in one of Brisbane’s most established suburbs
LJ Hooker has further expanded its network in Brisbane opening a new office in the popular riverside suburb…
October clearance rates hit a seven-month high
Auction clearance rates bounced to a seven-month high across the combined capitals and volumes have risen as sellers…
Highest auction clearance rate since late May
Sydney led the charge as the auction market recorded its strongest preliminary clearance rate since late May, with…
Perth most affordable for first home buyers
Perth is the cheapest location in Australia to buy a home with the outer suburbs representing good value…
Scheme helps 1 in 7 first time buyers get foot in the door
With rising inflation and interest rate increases, REIA President Hayden Groves said any initiatives to assist Australians of…
Marketing Masterclass: What agents can learn from selling The Block’s House #3
The cultural phenomenon that is The Block took things up a notch this year, heading to the countryside…
REA Group makes the Best Workplaces for Women list
Great Place to Work has today named REA Group on Australia’s Best Workplaces for Women list for 2022.
Interest rates and lending buffer see investors stuck on the sidelines
The rapid increase in interest rates is continuing to weigh on property prices and is making it more…
RBA remains set on taming that troublesome inflation
Reserve Bank of Australia, Governor, Phillip Lowe is set to continue increasing the official cash rate in an…
Australian suburbs where days on market have increased the most
Units in Ballarat Central in Victoria have seen their selling time increase the most in the country, according…
Rising rates cool New Zealand property prices
Rising interest rates are continuing to put pressure on home prices in New Zealand, with the latest data…
RiTA picks up Industry Innovation Award for third consecutive year
RiTA, the AI-powered lead generation assistant for real estate professionals, has been recognised with the Industry Innovation Award…
South Coast local takes over Ray White Ulladulla
South Coast real estate expert, Steven Mason, has added Ray White Ulladulla to his suite of businesses, joining…
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…