Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Perth property prices hit a record high
Property prices across Perth have finally reached a new record high of $552,128, according to the latest data from CoreLogic.
Ray White Macdonald Partners expands into East Gosford
Demand for property falls in April
Demand for property eased in April with views-per-listings and sales both lower according to new data.
First home buyer activity falls away in New Zealand
New Zealand's first home buyer activity has continued to decline as higher mortgage costs have started to have…
Stockdale & Leggo announces sale to new owners
Stockdale & Leggo has announced a changing of the guard, with long-time owner Peter Thomas selling the business…
The Australian suburbs that are primed for price growth
Campbells Creek in regional Victoria could be ripe for property price growth, as one of a number of…
Rate hikes to impact borrow capacity
Rising interest rates could see average home buyers’ borrowing capacity fall by more than $150,000, according to new…
Toukley agency signs with Harcourts Australia
A longstanding Toukley real estate office, with years of experience and local real estate knowledge, has rebranded to…
How the rate rise affected this week’s auctions
After the first rate rise in over a decade, auction volumes were down this week, with 2039 properties…
Homely announces strategic partnership with National Property Group
Homely.com.au continues to redefine the way people buy, sell, rent and list property, with the integration of comprehensive…
Victorian Budget missed an opportunity on property tax reform
The Victorian Government has missed an opportunity to tackled property tax reform, according to a leading industry body.
AREC Accelerate theme a winner
The Australasian Real Estate Conference (AREC), now in its 24th year, will draw upon 33 speakers from overseas…
Merger for three Belle Property Inner West offices
Homeowners should expect more rate rises
Homeowners should be prepared for a series of rate hikes with experts tipping the official cash rate could…
Robust Queensland market to shake off rate rise
The Queensland property market is well positioned to handle this week's cash rate increase from the RBA according…
New home lending remained strong in first quarter of 2022
Loans for the construction or purchase of new homes fell by 3.4 per cent in the first three…
NZ property market prices softened in April
The New Zealand property market has recorded a modest fall in April, the first decline since the initial…
Perth prices continue to increase in April
The Perth property market has continued to see an uptick in prices since reopening its borders in February.
Cash rate rises for first time in over a decade
After 17 months of record low interest rates, the Reserve Bank of Australia has today lifted the cash…
Richard Simpson elected new REIV president
The Board of the Real Estate Institute of Victoria (REIV) has elected respected real estate agent Richard Simpson…
Vacancy rates remain at record low levels
The national vacancy rate remains at a record low 1 per cent with all capital cities continuing to…
WA the most affordable for first home buyers
Perth has been named the most affordable capital city for first home buyers, with regional Western Australia taking…
Labor looks to cut the cost of a mortgage by up to $380K
The Labor Party has announced its intentions to introduce a new shared-equity housing scheme that could help shave…
Rising CPI suggests more affordability worries ahead
The highest inflation in 30 years suggests housing affordability is going to continue to decline, according to an…
Home prices stalled in April as rate hikes loom
Property prices stalled nationally last month with values seeing their smallest increase since May 2020 and the onset…
Economists predict rate rises are coming before August
Economists believe the RBA is getting set to hike the official cash rate (OCR) with 84 per cent…
Propic acquires Property Realm to create intelligent AI platform to ease stress levels
Australian real estate PropTech innovator, Propic has acquired Property Realm in a move it says will “unapologetically disrupt”…
Queensland vacancy rates hit record low levels
Vacancy rates across Queensland have dropped dramatically with several areas recording rates under 0.1 per cent.
Auction clearance rate slips further
The preliminary clearance rate has slipped further this week on the back of increased auction volumes across the…
Hockingstuart launches new property development division
