Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
McGrath Crows Nest expands into Willoughby
Top-tier industry performer Peter Chauncy has welcomed Jason Georges to his McGrath Crows Nest team.
Leading agent joins Ray White Surfers Paradise
Ray White Surfers Paradise has brought high-performer Lana Faulkner and her team into the ever-growing fold.
Outer Melbourne and regional Victoria continue to set record prices
Melbournians have continued to leave the inner-city, with values in outer suburbs and regional areas at record highs.
Ray White Land Sales opens in Victoria
Real estate experts Karandeep Singh and Ash Kalkat have joined with Ray White to open Ray White Land…
First home buyers exceed their budget to get on the property ladder
Record high home prices and underquoting are forcing first home buyers to pay more than they expected with…
Home prices falling in 40 per cent of markets
Declining property prices have gathered steam with 40 per cent of house and unit markets falling in the…
Ray White Commercial Canberra’s leadership team continues to grow
Ray White Commercial Canberra now has a 22 person team, with Eleni Notaras being the first female executive…
Knight Frank makes new appointment to residential team
Knight Frank has made a new appointment to grow its residential team, with Luke Hayes starting as Director…
Office occupancy levels hold steady in June
Workers returning to CBD offices has slowed down last month, as the impacts of floods, the flu season…
Prospective Perth tenants lose thousands in rental scams
Scammers have targeted prospective tenants in Perth, with two unsuspecting victims losing $23,500.
Sixth week of auction clearance rate below 60 per cent
Auction activity remains 20 per cent lower than this time last year, with 1667 properties taken to auction…
Toorak mansion set to become state’s most expensive home
A stunning Melbourne home designed in 1936 is set to smash Victoria’s property price record if it sells…
Knight Frank and Fred Schebesta examine how crypto, NFTs and the metaverse might shape Australian real estate
Global property consultancy Knight Frank has turned its attention to the rise of cryptocurrency, NFTs, and the metaverse,…
Advancing Australia’s prosperity: REIA launches 2025 strategy
The new vision for the 2025 real estate sector is about better delivering for business, practitioners and the…
Property market records busiest start to winter in a decade
The Australian property market has started winter strongly, with new listing volumes reaching the highest June level in…
Rents surge by a record 12 per cent across the capitals
Australia's rental crisis has deepened with tight vacancy rates contributing to a record 12 per cent jump in…
Ray White Cooma strengthens links to capital
With the increasing focus of city dwellers on regional opportunities, Ray White Cooma has announced a strengthened bond…
Rent.com.au partners with Origin Energy
Rent.com.au has entered into a new partnership with electricity giant Origin Energy to offer electricity and gas services…
Retail customers ‘flock back’ to in-person shopping
After a surge in online retail sales, customers have begun to “flock back” to in-person shopping, with experts…
NSW Government to appoint independent statutory property services commissioner
The NSW Government has announced it will appoint an independent statutory Property Services Commissioner from August 1 to…
Perth sales activity jumps 20 per cent
Real estate sales activity in Perth surged 19.8 per cent during the 2021-22 financial year, according to the…
Real estate stalwart moves into Pelican Waters
Familiar faces join the Ray White Group in Port Stephens
The 10 Perth suburbs where house prices rose at least 26 per cent
Five of Perth’s top 10 price growth suburbs now saw their median house sale price soar above $1…
Clearance rate inches higher despite subdued auction market
Auction markets remained subdued this week with just 1610 properties going under the hammer across the combined capitals,…
ANZ tips next rate rise to be 50 basis points
One of Australia’s biggest banks has tipped another 50 basis point cash rate rise in August as the…
‘Little respite’ for falling New Zealand property market
New Zealand could be on the cusp of a Global Financial Crisis-like property market downturn with “little respite”…
NAB, CBA and ANZ all lift variable home loan and savings rates
The NAB, CBA and ANZ have all passed on the full interest rate hike to variable rate mortgage…
Interest rate hikes quell commercial property FOMO
The sense of urgency appears to be leaving the commercial property market as first-time buyers exit in the…
Harcourts West attracts high-flyer
