Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
The digital difference: how Openn sale generated $58,000 more
Two properties on the same street, with almost identical sizes, layouts, and features sold using different sales methods, with one seller walking away with $58,000 more in their pocket than the other.
Ray White Queensland appoints Michael Andrews Chief Operating Officer
After being with Ray White for over 21 years, Michael Andrews has been appointed the Chief Operating Officer…
Interest rates on hold as world watches war in Ukraine
The Reserve Bank of Australia is closely watching the war in Ukraine and has elected to keep interest…
Sydney housing prices drop, Melbourne’s stall
Sydney housing values have fallen for the first time in 18 months, while Melbourne’s remain stalled, in the…
Ryan Serhant to launch a virtual world
Million Dollar Listing New York star and luxury agent Ryan Serhant has announced the launch of his virtual…
Australia facing a housing supply crunch
Australia could be facing a ‘concerning’ housing shortfall of 163,400 homes by 2032 leading to further affordability issues…
BresicWhitney appoints Will Gosse chief operating officer
Will Gosse will play a key role in the agency's growth over the next five to 10 years, as it expands…
The street names that boast the highest prices
Grandview…The Esplanade…The Avenue…some street names just have a nice ring to them. And according to Ray White Chief…
Experts tip cash rate to rise before end of 2022
More monetary policy experts are tipping an interest rate rise before the end of the year, despite not…
Record profits for NZ homeowners
Price growth in New Zealand might be slowing, but homeowners still have plenty to be happy about with…
Landlords missing out on an important tax deduction
Landlords could be missing out on some significant tax deductions over the lifetime of their investment properties, according…
NZ property prices to grow by less than 5 per cent
New Zealand property price growth is likely to dip below five per cent this year as rising interest…
Queenslanders view real estate agents in a positive light
While real estate agents can sometimes get a bad rap, a new survey shows people view agents in…
MoxiWorks acquires Aussie CRM ActivePipe
Leading US-based real estate technology platform, MoxiWorks, has announced the acquisition of the Australian lead nurturing platform ActivePipe.
NSW, Victoria, ACT contain most tenant- friendly suburbs
NSW, Victoria and the ACT contain the most suburbs where rental conditions have changed to favour tenants in…
Victorian housing tax to add thousands to cost of new home
A new Victorian Government housing tax could see the cost of a new home jump $20,000 with first-home…
Entire Old West town for sale
If you’ve ever dreamed of living in the Old West, an entire replica town in Saguache, Colorado has…
Kristen Porter simplifies what employee Vs contractor decision means for real estate
Real estate agencies employing contractors should put contracts in place containing clauses that show someone is running their…
The grass just got a little greener within the Limitless Group
Kirstie Clarke has joined RE/MAX Results and RE/MAX Bayside Properties as Performance and Growth Manager.
Three new board members appointed to RESO
With over 1250 agents registered and 48,000 buyers invited into the platform across Australia and New Zealand and…
Border reopening good news for some but could tighten rental market
Australia’s international border has reopened and a leading buyers’ agent says that spells good news for landlords hard…
Dilapidated Sydney homes selling well above reserve
Three rundown Sydney properties have sold well above their reserve price over the weekend, highlighting just how strong…
Investors turn to fast food and childcare assets
Drive-through fast food, medical, childcare, hotels and large format retail premises are dominating the commercial investment market as…
Court case shows why agents and creatives must read the fine print
Engaging a photographer to enhance your listing is par for the course for most real estate agents, but…
Clearance rate steady as auction volumes continue to rise
Auction activity continued to increase this week, with volume up 20.7 per cent week-on-week and 36.2 per cent…
The gap between house and unit values reaches a record high
Ongoing demand for more space has seen the difference in price between houses and units accelerate with the…
REIA announce National Awards for Excellence finalists
Finalists in the 17th REIA National Awards for Excellence 2022 have been announced, with the best agencies, agents…
Market Buy’s engine now available to brands
Online offer management platform Market Buy now provides brands with the ability to ‘white label’ their software for…
Luxe Listings Sydney is back for Season 2… with a new agent
The hotly anticipated second season of the hit show, Luxe Listings Sydney is about to hit the screens…
Domain’s marketplace strategy reaping results with half-year revenue up 27.9 per cent
Domain’s ‘Marketplace strategy’ is reaping rewards with the group posting revenue of $175.3 million for the first half…
More Queenslanders eyeing off a career in real estate
On the back of a booming property market and an influx of new residents, nearly one in three…