Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Affordable, inner-city suburbs on top of buyers’ wish list
Buyers are ditching apartments and regional areas in favour of more affordable suburbs and inner-city markets, new data from NAB reveals.
REA Group reveals outstanding half-year performance
REA Group has released its half-year financial results with the data reflecting a surge in listings along with…
Smaller capitals lead the auction volume increase
Auction volumes have continued to increase this week, with the smaller capitals leading the charge.
Dwelling approvals rise as timber shortages ease
Dwelling approvals jumped 8.2 per cent in December according to new data, with imported timber helping to ease…
Perth woman buys virtual penthouse in the metaverse
REIA calls for homebuyer help and the creation of property jobs
The Real Estate Institute of Australia (REIA) President Hayden Groves
CBA lifts fixed home loans 0.2 per cent
The Commonwealth Bank has increased interest rates on its fixed home loans by as much as 0.20 per…
Agent sells 236 properties in one year via Market Buy
A top-performing Queensland agent has set a personal record, selling 236 properties in the past 12 months, all…
Greens call for mandatory air conditioning in Victorian rental properties
Leader of The Victorian Greens, Samantha Ratnam has called on the State Government to amend the minimum standards…
Hudson McHugh partners with Raine and Horne Summer Hill
Inner west agency Hudson McHugh has partnered with Raine and Horne Summer Hill
New listings still won’t meet demand in NSW
A flood of new listings set to come to market this month will not be enough to make…
More than 1 million households have never had an RBA rate rise
After more than a decade of easy monetary policy from the RBA, new data shows that over 1.1…
LJ Hooker Group appoints new Head of Marketing
Perth home values skyrocket as rental pressure eases
Perth property prices have skyrocketed in January, as rental market pressure eases
Sydney city and coastal living now ‘overpriced’ in NSW
Big Brother star joins Ray White Pakenham team
Sarah Street joins the team at Highland
Homebuyers could see borrowing power slashed by $169,000
A typical couple could lose as much as $169,000 in borrowing capacity if the RBA hikes interest rates…
Property values start 2022 on the up
The typical Australian home is now worth $131,236 more than it was a year ago with values climbing…
Openn data highlights a market with sustained buyer competition
Online property sales platform Openn has taken a deep dive into their data for the final months of…
The real estate industry to focus on people and sustainability in 2022
After a year that saw both record house price growth and tough conditions, the industry needs to continue…
More than half of economists predict a rate rise in 2022
A new survey has found that interest rates could be on the rise with 58 per cent of…
Auction volumes and clearance rate on the rise
Auction volumes increased 166.1 per cent this week, with CoreLogic reporting 1160 properties were taken to auction in…
New research reveals Australia’s cheapest rental market
Adelaide is the cheapest rental market in the country where renters will need to pay just $447 per…
Foreign buyer purchases in decline, sales on the up
The latest data from the Australian Government indicates foreign buyer purchase volume dropped 19.5 per cent in 2019-20, while sales…
Hobart to lead national price growth in 2022
2022 looks set to be another strong year for property prices with Hobart set to be the standout…
Victoria home to the most tenant-friendly locations
The Melbourne fringe suburb of Hoppers Crossing has been named Australia's most 'tenant-friendly' for its close proximity to…
Soaring prices makes Port Hedland the best in the west
Port Hedland was the top-performing region in Western Australia in 2021, with house prices increasing 44.7 per cent.
No relief for Queensland’s excessively tight rental market
egions remaining much tighter than what the Real Estate Institute of Queensland (REIQ) classifies as 'healthy'.
Northern Territory property prices on the rise
The Northern Territory unit market is going from strength to strength new data reveals.
Laing+Simmons announces new office at Auburn|Lidcombe
Laing+Simmons has added another new office to its growing network with well-known local real estate identity Themy Panagiotidis…
Australia’s median house price soars past $1 million
Australia's median house price has hit a record high, soaring above $1 million according to new data.