Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Households well-placed to absorb interest rate rises
Despite doom and gloom headlines about rising interest rates and the increased cost of living, data from the Reserve Bank of Australia reveals many Australian mortgage holders are well-placed to…
Gavin Rubinstein’s TRG to expand without Ray White branding but still part of the group
Just three years after opening the doors to its Woollahra office, Gavin Rubinstein’s TRG agency is set to…
Sales of new homes fell in May
The impact of rising interest rates will be compounded by the ongoing increases in the cost of construction…
Sydney vacancy rate hits 5-year low
The vacancy rate across Sydney has plummeted to a five-year low, putting the city on the verge of…
Renovated Love It or List It home for sale in Oyster Bay
An Oyster Bay home that starred in Season 3 of Love It or List It has hit the…
Industry’s knights in ‘shining’ armour come together for a special conference
LJ Hooker's Shine Conference aims to 'shine' a light on the great work property managers undertake within the…
Clearance rate and auction volumes drop over Queen’s Birthday long weekend
A long weekend in most states saw auction volumes drop this week, with 1393 auctions taking place across…
Competition watchdog to examine PEXA
The competition watchdog has confirmed it is looking into claims digital settlement company PEXA has stymied competition in…
App gets more offers on off-market properties
Launched in Sydney this month, Profound is a marketplace for off-market properties where agents can get access to…
New listings rebound after a quiet April
The number of new listings across the country continues to rise, jumping 12 per cent across the capital…
CBD office occupancy rates rise as workers return
Office workers are flocking back to CBDs across the nation despite Covid and a rising number of flu…
Homeowners and renters facing record levels of financial stress
Financial stress has reached record levels across Australia as homeowners and renters struggle to keep up with the…
Growth across capital cities slowing at
record pace
The annual rate of price growth across Australia's capital cities is slowing at the fastest rate since 1989.
Buyers and renters continue to struggle with housing affordability
Housing affordability has continued to fall with more pain ahead according to the Real Estate Institute of Australia…
Is there a better way to utilise Australia’s 13 million spare bedrooms?
Recently, the Australian Bureau of Statistics (ABS) released its latest Survey of Income and Housing. One interesting piece…
RBA goes ‘hard’ with interest rate jump
Higher than expected inflation has seen the Reserve Bank of Australia lift the cash rate for the second…
Raine & Horne knights Newcastle with CBD office as fast trains beckon
Raine & Horne has added an office in Hunter Street Newcastle as talk of a fast train service…
Australia is the 13th strongest property market in the world
A number of Australia’s major cities have featured in the global list of best-performing housing markets over the…
Raine & Horne Chairman welcomes Blue Mountains tunnel
Long term advocate for a Blue Mountains tunnel, Angus Raine, Executive Chairman, Raine & Horne, has welcomed the confirmation…
Rents and mortgage repayments to keep rising
Rents and mortgage repayments are expected to continue to rise over the next 12 months, putting more pressure…
Lenders have been quick to pass on interest rate hikes
Following the first cash rate hike in over a decade, lenders have been quick to pass on the…
Queensland property market defying the downturn
he Queensland property market is still experiencing 'healthy growth' and is continuing to defy the downturn seen elsewhere,…
RE/MAX has history in Kenmore
One of Australia's most awarded real estate offices, RE/MAX Profile, has relocated to where it all started -…
Knight Frank appoints new Chief Financial Officer
Jamie Harding has been appointed to the position of Chief Financial Controller at Knight Frank.
Annual auction volumes declined in May
After a record volume of auctions were held in the first four months of the year, last month…
Perth prices rise as the market outperforms Sydney and Melbourne
Home prices across Perth have continued their rise, increasing 0.6 per cent in May according to new data…
Barellan Point is Australia’s top family housing market
Barellan Point in regional Queensland has been named the top housing market for families according to new research.
ANZ revises cash rate prediction on back of strong wages
The ANZ bank has tipped the Reserve Bank of Australia (RBA) will lift the cash rate by 40…
Max Brown appoints new general manager
Max Brown Real Estate Group has appointed Gary Dans as its new General Manager.
Dubbo Council looking to undertake 3D house printing trial
The Dubbo Regional Council is moving forward with a proposed trial of 3D printed houses to potentially help…
Cash poor Australian households look to downsize
After two years where Australians were scrambling for larger homes, a new survey has found one in eight…
Time to get to work on housing plan, says REIA
REIA will today outline the critical success factors and key next steps that must be taken to ensure…
Unprecedented demand for industrial property pushing up prices
Record demand for industrial space has continued to put upward pressure on rents and property values with the…
Widespread fall in New Zealand property prices continues
The downwards momentum in New Zealand residential real estate values continued throughout May with prices falling 0.8 per…