Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Ray White Queensland celebrates its 2022 award winners
Some 1200 Ray White Queensland members gathered at the Gold Coast Convention Centre last night to celebrate the achievements of the top offices and individuals over 2021/22.
Quiet auction week sees clearance rate increase
It was the quietest auction week since mid-June, with 1471 homes auctioned across the combined capitals this week…
New building and construction solutions needed to address rental crisis
Better design, improved construction practices and new rental models could alleviate the risk of rental stress according to…
Knight Frank appoints head of retail valuations
National vacancy rate drops to a record low
The national vacancy rate has tumbled to a record low, dipping under 1 per cent and heaping more…
Falling investor lending to put pressure on renters
The rate of growth of new home loans to investors is slowing which could make it harder for…
Fairlight cottage tipped to go from $3000 to more than $3 million
A Circa 1910 cottage that cost just $3000 about 60 years ago is now on the market with…
Perth defies national trend as house prices continue to rise
Perth property prices have been able to buck the national trend and record a rise in values last…
Barry Plant Group opens four new offices
New home loan values fall as interest rates rise
Rising interest rates are seeing homebuyers less willing to borrow, while at the same time house hunters are…
New Zealand property prices fall at fastest pace since the GFC
Property prices across New Zealand have continued to fall, with the rate of decline now at the same…
Lenders pricing for risk with rate discounts
Lenders are rewarding borrowers with lower Loan to Value Ratios (LVRs) by offering reduced interest rates.
McGrath expands in Sydney’s north west
McGrath Estate Agents has announced its expansion across the Ryde local market in Sydney’s north-west.
South Australian property continues to buck the trend
The South Australian property market continues to show “resilience”, extending its record-breaking run of quarterly price increases.
Don’t let FOMO ruin your home time
How many times have you said: “I wish I could turn off the phone after hours but just…
Ray White opens in Sydney’s Ashfield
Real estate experts and brothers Michael and Andrew Simpson have partnered their third generation family business with Australia's…
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…
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…