Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
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 believing a rise is coming before August.
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
REIWA 2022 Awards for Excellence winners announced
Record inflation to keep pressure on households
The latest CPI figures shows inflation has risen to 5.1 per cent, putting increased pressure on mortgage holders…
Three of the big four banks predict a May rate hike
The big four banks continue to bring forward their cash rate rise predictions, with three of the majors…
The AI tech that powers agents across the nation
Artificial intelligence has been the buzzword for a decade and whilst other industries are advanced in its applications,…
LJ Hooker Property Hub recruits leading prestige agent
LJ Hooker Property Hub, and strengthen the brand's position in the Gold Coast hinterland.
Property boom losing momentum – Sydney price growth ‘flatlining’
The rate of property price growth in Australia has dropped dramatically in the first three months of the…
Slowdown arrives for New Zealand’s hot property market
New Zealand’s overheated property market looks to be slowing down thanks to rising interest rates and lower demand…
Propic appoints head of innovation amid record growth
PropTech Artificial Intelligence pioneer Propic has appointed former McGrath Head of Martech Ryan Campbell as Head of Innovation,…
Victoria most affordable for average income earners
Victoria dominates the list of most affordable properties for buyers on average salaries, according to new research.
Inside Australia’s home of the year
JW Constructions in Queensland has won the HIA-CSR Australian Home of the Year award for a beautifully designed…
Geelong leads pandemic population surge
Geelong saw the largest population increase during the pandemic as homebuyers sought out more space and an escape…
New LJ Hooker office opens in booming regional Queensland market
LJ Hooker has further expanded its network along Queensland’s Capricorn Coast with the opening of LJ Hooker Agnes…
Sentiment remains high despite softening property prices
Confidence in the real estate market remains high despite slowing growth in property prices, according to a new…
Property Council welcomes easing of COVID close contact settings
The Property Council of Australia has welcomed the NSW Government's decision to end isolation requirements for close contacts,…
The lowest preliminary clearance rate of the year
Despite the ANZAC Day long weekend, 1813 homes were taken to auction across the combined capital cities this…
Rental demand continues to soar as availability falls to lowest level in more than a decade
Near record demand and the lowest level of availability in almost 20 years is propelling a tough rental…
Foreign investment in Australian commercial property doubles
Foreign buyers continue to be active in both buying and selling Australian commercial assets according to a leading…
Perth’s bargain suburbs under $375,000
Despite Perth seeing a strong 12 months of property price growth, it’s still possible to find bargain buys…
New leadership duo for Belle Property Mosman
What’s driving the housing markets: HTW
Demand for residential property remains strong, however, the rate of growth is slowing according to the latest Herron…
First Home Guarantee Scheme might not help all first-time buyers
While the First Home Guarantee Scheme has been expanded to help more first home buyers enter the property…
How property can help Australia become prosperous again
The Property Council of Australia is calling on the next Federal Government to adopt a range of property-related…
How to deliver ‘wow moments’ in a changing market
constraints and weakening consumer sentiment, Exp Australia Director Emily Morgan knows her vendors need more than her knowledge…
Local real estate professional expands to Berrima
One of the Southern Highland's most dynamic sales agents has expanded his business into Berrima with Australia's largest…
Hockingstuart opens new Bundoora office
Hockingstuart has announced the opening of its newest office in Bundoora, led by Principal Tony Nguyen.
Investor lending reaches record high
Lending to investors has hit a record high level, outpacing the last two property booms.
East coast kicks off 2022 with $150B worth of property sales
Despite talk of a softening market, Australia’s love affair with real estate continues, with the latest data from…
Stefon Bertram opens Sydney’s newest premium real estate agency Pello
Pello, a new-model premium real estate agency that focuses on market segment mastery in price points and locations, has…