Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Renters being forced to give up pets to find a home
Renters are being forced to choose between keeping their pets and being able to find a place to live, with hundreds giving up their pets each year.
Another big name signs on to use Propic AI technology
One of Australia’s best real estate agents, Vivien Yap, will introduce Propic Artificial Intelligence technology to meet her…
ANZ cuts new customer variable rates by up to 0.50 per cent
Despite the Reserve Bank of Australia hiking the official cash rate and fixed rate loans rising, ANZ has…
WA investors to sell up if tenancy laws change
More than half of WA property investors would consider selling their rental properties should significant changes be made…
Third week of increasing auction volumes
Auction activity has risen for the third consecutive week, with 1909 properties taken to auction across the major…
Luke Banitsiotis claims his third REIV Senior Auctioneer of the Year title
REIV has crowned Luke Banitsiotis as Senior Auctioneer of the Year third time running.
Units outperform houses as buyers hunt for value
Buyers are on the lookout for more affordable housing options as rising interest rates make units more appealing.
RBA a “near certainty” to raise rates next week
Australia’s hottest rate of inflation in 21 years means the Reserve Bank of Australia is a “near certainty”…
REIA says perspective required in interpreting CPI
The RBA's July meeting indicates that inflation is expected to peak later in 2022 and then decline back…
Home prices to fall 5 per cent by end of the year
Rising interest rates could see property prices drop by up to 5 per cent between now and the…
Regional property price boom is not done yet
Regional cities like Albury-Wodonga, Tamworth and Bundaberg could continue to experience price growth despite the national property downturn.
Local team reopen Ray White Chelsea
REIQ delivers $70K worth of flood support
Going once, twice and 5000 times: Successful auctioneer marks an exciting milestone
Real estate veteran Paul Moore has just celebrated his 5000th auction for the LJ Hooker Group – and…
New Zealand property prices face a test as interest rates rise and sales volumes fall
The New Zealand property market is going to face a “test” as rising interest rates and a wave…
One in five first home buyers take a year to buy a property
Tight supply and rapidly rising prices has seen many first home buyers taking over two years to purchase…
Westpac and NAB predict two more 50bps rate hikes
Borrowers should brace themselves for “more rate pain”, as Westpac and NAB follow ANZ predicting the Reserve Bank…
The slowdown we had to have?
Australia's median house price increased by 32 per cent from March 2020 to December 2021, making it the…
When ‘psychology of the sale’ takes on an all-new meaning
Melisha Du Preez credits her certainty in joining the Mackay RE/MAX team to her many years in the…
The three buckets you need to fill for success
Leading a successful real estate office requires energy as well as business acumen and Phill Broom ensures he…
What kind of property will $700,000 buy you?
After two years of record price growth, there are still opportunities to find good value properties for under…
New Belle Property office for the NSW Southern Highlands
Belle Property has announced the opening of its latest new office in the picturesque New South Wales Southern…
Housing data reveals Sydney faces undersupply
A recent Sydney housing analysis from the Property Council of Australia and Gyde Consulting has found several districts…
Queensland rental market feeling the ‘squeeze’ of tight vacancy rates
Incredibly tight rental conditions are continuing to ‘squeeze’ renters across Queensland, with many areas still experiencing vacancy rates…
Further increases in the cash rate will be needed: RBA
The official cash rate is still lower than it needs to be, according to the Reserve Bank of…
Auction activity increases for second consecutive week
Auction activity has risen for the second consecutive week, with 1818 homes going under the hammer across the…
Chinese property buyers to return to Australia
Chinese property buyers are likely to head back to Australia sooner than expected as Australia emerges from COVID…
Commercial property settlements surged higher last financial year
The volume of commercial property settlements has surged by as much as 60 per cent across the east…
Well-known Cleveland agent makes all the right moves
REA Group celebrates Australia’s Property Managers
REA Group is today applauding its Property Manager customers across the country on National Property Managers Day.
Elite Retreat giveaway winners announced
An app that powers up a consumer’s knowledge bank before they buy or sell a home and increased…
ANZ says cash rate will hit 3 per cent this year
One of Australia’s biggest banks has dramatically revised its interest rate forecast, predicting the Reserve Bank of Australia…
Real estate industry celebrates National Property Managers Day
Often the unsung heroes of a real estate agency, property management can a tough gig that requires a…
Rate rises now to avoid sharper economic slowdown
The Reserve Bank of Australia hopes taking swift action on soaring inflation will halt the need to increase…