Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Sydney in top 10 for prime residential rent growth
Sydney has ranked fifth on a global list of cities with the highest annual rise in prime residential rents.
How blockchain will revolutionise real estate
The Real Estate Institute of Australia has released a groundbreaking report, outlining the many use cases for blockchain…
Ollie Gearing wins REINSW Novice Auctioneers Competition
Where are you most likely to find an energy efficient home?
Energy prices are on the move and although a crisis of widespread blackouts looks to be averted for…
Melbourne named Australia’s most liveable city
Melbourne has been named Australia’s most liveable city and number 10 in the world, while other state capitals…
ANZ and Westpac lift fixed rates again
ANZ and Westpac have again hiked the interest rate on their fixed rate loan products.
Mortgage holders to ‘grit their teeth’ and absorb interest rate hikes
As interest rates look set to keep on rising, over five million Australians are likely to be impacted…
Drop in auction volumes sees clearance rate rise
Auction volumes fell across the combined capitals this week, largely driven by a drop in properties going under…
MoneyMe revamps ListReady for agents
Digital lender and non-bank challenger MONEYME (ASX: MME) has revamped its ListReady product for real estate agents, in a bid to create…
The blueprint for becoming a million dollar agent
Are you ready to step up your real estate game, target the 2022 consumer, make more money and…
Regional NSW and QLD desperate for more rental stock
Several regional areas across NSW and QLD are facing a dramatic undersupply of rental properties as falling vacancy…
Homeownership increasingly “out of reach” as average deposit hits $120,000
The surge in property prices has seen the hurdle to get into the property market get even higher…
Homely continues Queensland expansion with Ray White partnership
Homely.com.au, one of Australia's largest online real estate marketplaces, has further expanded their Queensland presence with their most…
Prices rose 40 per cent in NSW as growth slows
Home prices in New South Wales are finally starting to slow after a record run of growth that…
The number of homes cheaper to buy than rent has plummeted this year
Record home price increases combined with rising interest rates have made more homes cheaper to rent than buy.
Market boom prompts agent increase
Whether it was the popularity of Luxe Listings or the fact the property market enjoyed an upswing, real…
Half of New Zealand suburbs declining in value
Auckland’s Point Chevalier has a new title it probably isn’t too keen on holding as the New Zealand…
REIQ: State Budget misses the mark
The Real Estate Institute of Queensland has hit out at the State Government’s 2022-23 Budget, saying it is…
NSW Budget helps certain sectors of the property market
The NSW Government’s stamp duty reform, shared equity scheme and housing infrastructure boost are all positive starts but…
Profitable resales drop for the first time in 18 months but buyer demand is still solid
The rate of profit-making resales across the Australian property market has fallen for the first time since August…
The Sydney and Melbourne suburbs to defy the downturn
A number of suburbs across Sydney and Melbourne are expected to fare better than others as property price…
Ray White partners with Three’s The Block NZ for fifth season
For the fifth season in a row, Ray White will be the exclusive agency partner for Three's The…
Fallout from rising rates to be less dramatic than predicted: HTW
Rising interest rates are likely to slow down property markets but the fallout will be far less dramatic…
Ray White appoints Milo Rasinac Network Development Manager
With more than 20 years experience in sales, leadership and business ownership in Melbourne's inner north-western suburbs, Milo…
NSW Government announces trial shared equity housing scheme ahead of Budget
Teachers, nurses, police, single parents and older singles will be able to tap into a $780.4 million shared…
Stamp duty putting a huge financial burden on NSW homebuyers
Stamp duty is rising at a faster rate than wages and house prices in NSW, causing homeowners to…
NSW Government pledges $20 million to increase women in construction
The NSW Government has announced an investment of $20 million over the next three years to help increase…
AI digital assistant RiTA scoops two innovation awards
RiTA, the AI digital assistant for real estate agents, has won two innovation awards at the 2022 PropTech…
Property Council calls for extra supply
The Property Council of Australia has welcomed the NSW Government's strong commitment to help residents achieve home ownership,…
Auction volumes up, clearance rate still slipping
Auction volumes increased this week, but still the preliminary clearance is lingering at its lowest point in almost…
Tight Perth rental market needs more investors
Perth’s low vacancy rate has left 12 suburbs across the city with just one property available for rent.