Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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 the same property compared to prior to the pandemic.
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…
Property values have soared in the past 20 years while rents lag
House prices across Australia have more than doubled in the past 20 years, however, rents have not been…
Fixed-rate mortgages could hit 7 per cent in New Zealand
One-year fixed-rate mortgages could surge as high as 7 per cent in the coming months putting even more…
New Dromana office for Barry Plant Group
A new Dromana office is set to strengthen Barry Plant's service offering on the Mornington Peninsula.
Does selling off-market come at a cost?
Choosing to sell your property off-market could be costing you as much as $60,000 according to a new…
Busselton and Bunbury lead regional growth in WA
The south west of Western Australia has continued its strong recent performance, with Busselton and Bunbury the top…
South Australian Government to review rental laws
The South Australia State Government has announced an extensive review of the Residential Tenancies Act.
Hunt sisters attain top national ranking
Hunt Property Sisters at RE/MAX Revolution took the top poll position in the ranks of RE/MAX Australia sales…
Cheapest suburbs to buy within 10km of the CBD
As office workers return to their pre-pandemic lives and head back to CBDs, there are still a number…
Falling prices making access to liveable suburbs easier for buyers
Melbourne is now the most affordable city to purchase a house in suburb that is considered “livable” according…
Franchise group appoints head of growth to spearhead expansion
Combined Franchise Services Chief Executive Officer Frank Knez said he was excited to have someone with Sabeen Akbani’s…
Knight Frank opens office in NSW Central Coast
Knight Frank will be the first global real estate consultancy dedicated to providing commercial property services in the area.
Flood toolkit to help NSW real estate industry
The Real Estate Institute of NSW (REINSW) has updated its Disaster and Flood Relief Toolkit to help agencies…
Is the Federal Government’s one million home plan already in jeopardy?
The Housing Industry Association (HIA) has warned the Federal Budget goal of creating one million new homes in…
Prestige property market mixed across the country
The prestige property market has softened on the East Coast but continues to hold up well in the…
Solutions Property Management continues its expansion
Ten Sixty launches in Los Angeles with star-studded event in Hollywood
Australian startup, Ten Sixty the new global short-form video app for real estate officially launched in Southern California…
Leading Kilcoy team expand into Woodford
Ray White Rural Kilcoy have opened the doors to their second office in the next door suburb of…
Real estate agents turn ethics index on its head
The 2022 Governance Institute of Australia Ethics Index has been released and, once again, real estate has ranked…
Market Buy agents score top REIQ awards
Two of Market Buy’s most high-performing agents have received accolades at the Real Estate Institute of Queensland Awards…
Nerida Conisbee: Australia the knockdown nation
In the 12 months to June 2022, there were more houses knocked down in Australia than ever recorded…
Auction activity increasing as the countdown commences to Christmas
Auction activity increased this week and that trend looks set to continue, with CoreLogic tipping there will be…
Canberra’s first electric vehicle apartment development
In a first for Canberra, a new apartment development will include individual Electric Vehicle (EV) chargers for each…
WA Government to extend housing initiative for domestic violence survivors
The WA Government has announced the extension of a program that works with landlords and real estate agents…
Share of homes for sale below $600,000 hits record low
Two years of surging home prices across Australia has seen the portion of homes under $600,000 hit a…