Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Nerida Conisbee: rent control isn’t the answer to the rental crisis
There are almost twice as many people under rental stress than those experiencing mortgage stress, with ‘stress’ defined as spending more than 30 per cent of household income on rental…
Brighton penthouse smashes the suburb’s price record
A new designer penthouse in Melbourne has set a suburb price record by millions of dollars.
Affordable suburbs you can invest in now across Australia
Despite the recent boom in property prices across the country, there are still plenty of affordable options in…
Cash rate rises for the fifth month in a row
The Reserve Bank of Australia (RBA) lifted the cash rate 50 basis points today and at the same…
CBA cuts variable rates again for new customers
The big banks continue to cut their variable rates for new customers, in a bid to win more…
“Rough” conditions for renters continue in August
Pressure on renters continued last month, with vacancy rates for apartments and houses at extremely low levels while…
REIA launches campaign to axe stamp duty
The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves has launched a new national and multi-year…
Queensland land tax will exacerbate the state’s rental crisis
The Real Estate Institute of Queensland has called on the State Government to repeal its “illogical” land tax…
Professional sportspeople turned real estate professionals at Knight Frank
Several professional sportspeople have joined Knight Frank this year with a mutually beneficial relationship established between the recruits…
RBA has “little choice” but to hike rates in September
he Reserve Bank of Australia appears set to hike the official cash rate at the September meeting with…
Slight drop in auction volumes sees clearance rate rise
After rising over recent weeks, auction volumes dipped almost 10 per cent this week, with 1814 homes going…
New state CEO for Harcourts Western Australia
New RE/MAX hot air balloon to fly Sunshine Coast skies
Perth property prices a mixed bag in August
Despite Perth property prices officially falling in August, 56 suburbs were able to buck the trend.
Regional reversal taking place as people move back to the cities
After a record few years for regional property prices, values have started to decline as regional migration begins…
Housing loan commitments fall in July
The impact of consecutive interest rate rises has caused owner-occupiers and investors to shy away from the property…
Combined Franchise Services expands training program
Belle Property is back on The Block in 2022
Auctions surge as spring selling season gets underway
Auction activity is set to jump this weekend as the spring selling season sees a flurry of vendors…
Explore Property embraces strengths at its “best Exploration Day yet”
The Explore Property network held its annual conference Exploration Day in Brisbane on August 25.
Family bonds make a winning team at Hutton & Hutton
Maintaining boundaries between work and home life can be a challenge in a demanding environment like real estate.
Perth property continues to grow in value in 2022
Perth has so far been able to buck the slowing property market in 2022, with 29 suburbs seeing…
Hockingstuart expands footprint in regional Victoria with opening of Warragul office
The Quirk family is excited about joining Hockingstuart, having long admired the brand and its values of personalised…
Are rent controls the right way to go?
Real estate bodies have labeled calls to freeze rents and cap increases out of touch with reality, fearing…
Raine & Horne expands corporate team to cater for growth
Raine & Horne has expanded the corporate team to cater for 20 new offices set to join the brand…
The long-term trend in property prices is “undeniably upwards”
Despite weakness in home values as interest rates rise, new data suggests the trend over the past 30…
World first real estate app launches with major global backing
How real estate is listed and sold is being revolutionised with the launch of global short-form video marketing…
Buyer demand is down ahead of the spring selling season
Buyer demand is slightly lower than average in many areas as the spring selling season approaches.
Ray White Sunbury joins The Block 2022
Prospecting specialists K2X drive results for agents
Real estate agents know they need to be diligent in prospecting for clients if their business is to…
Nerida Conisbee: it looks like we are in for a busy spring
A slowing housing market can create quite different environments when it comes to the number of properties for…
Richardson & Wrench awards night worth the wait
Following a two-year, pandemic-induced hiatus, the Richardson & Wrench network has finally come together to celebrate a year…
Western Australia’s top real estate agents celebrated at reiwa.com awards
REIWA Chief Executive Officer Cath Hart said it was an honour highlighting the agents' achievements at this year's…
Queensland property prices begin to slow down
Queensland's rampant property price growth of the past few years has finally started to slow down.