Industry News
Breaking stories, regulatory changes, market data, and major developments across Australian and New Zealand real estate.
Property Council welcomes focus on sustainability and housing supply
The Property Council of Australia has welcomed the NSW Government's decision to progress with sensible improvements to the BASIX (Building Sustainability Index) system and its restated commitment to housing supply.
New Zealand house prices continue to soften
New Zealand property prices are growing at a slower rate, with the latest CoreLogic House Price Index (HPI)…
ANZ tips cash rate to rise 10-fold this year
One of Australia’s big four banks has tipped the cash rate will increase four times before the end…
Home loan commitments decline from record highs
The value of new home loan commitments fell 3.7 per cent to $32.3 billion in February after a…
Interest rates on hold but experts tip a rise is coming
The Reserve Bank of Australia has again opted to keep interest rates on hold at 0.1 per cent…
Australia’s smaller capital cities drive property price growth
CoreLogic's latest national home value index shows house prices rose by 0.7 per cent in March, led by…
Local property markets to benefit from green energy push
With the Federal Government pushing the country to be carbon-neutral by 2050, the increase in demand for different…
Property prices tipped to fall next financial year
Researchers have predicted a 5.2 per cent fall in property prices in 2022-23, with low net migration and…
First National strengthens presence in Hills District
Tanmay Goswami will continue as a partner in the First National Westsyde business at Pendle Hill and will…
Local expert opens Ray White Chermside
REIV calls for full sale price disclosure as part of property market review
The Real Institute of Victoria (REIV) has called for full sales price disclosure, standardised residential sales contracts and…
Australia’s house price growth continues to slow
Australian house prices have grown by 0.34 per cent in March, the slowest since March 2020 according to…
Perth sales volumes highest in a decade
Perth sales volumes hit a 12-year high last month and the market shows no sign of slowing down,…
Auction volumes dip as the market readies for its busiest week of the year
CoreLogic is tipping next week will prove the busiest auction week of the year so far after volumes…
Suburbs most at risk of coastal surges and erosion
Storm surges and coastal erosion has the potential to wipe out $1.47 billion worth of property at Paradise…
First home buyers could turn to rentvesting in Sydney and Melbourne
Priced out of the major cities, first home buyers could choose to rentvest in what’s becoming a more…
Peter Diamantidis expands into St Clair
Domain to buy Realbase as it scales holistic solution for agents
Real estate listings portal Domain has agreed to buy campaign management platform Realbase for $180 million.
Sydney and Melbourne markets swing in favour of buyers
A two-speed Australian property market has started to emerge as demand for real estate in Sydney and Melbourne…
PropertyMe celebrates 5000 clients
PropertyMe has this month secured its 5000 client. Doyle Spillane on Sydney's northern beaches brings a further 30…
New pact to increase women in property ‘tough spots’
A coalition of the property sector's most powerful executives has announced a new initiative designed to ensure women…
Only one-third of WA tenants get their whole bond back
Little more than 30 per cent of Western Australian tenants received their entire bond back at the end…
Amazon Prime announces season 3 of Luxe Listings Sydney
With season 2 of Luxe Listings Sydney set to air on Friday, Amazon Prime has announced season 3…
What’s good and what’s not in the 2022 Federal Budget
Tuesday's Federal Budget had an overarching theme of reducing the cost of living and come Wednesday morning the…
Kylie Walsh celebrates first anniversary of REGROWTH with triple treat hire
On the first anniversary of REGROWTH Coaching and Consultancy, Founder Kylie Walsh has named two new directors and…
What’s in the budget for real estate
In a federal budget that was as much about a pending election as it was an economic update,…
Stone Real Estate adds Gary Hassett to franchise growth team in QLD
Fast-expanding real estate network Stone has bolstered its business growth capabilities in Queensland with the hire of Gary…
McGrath recruits rising star and a string of new talent
Emily Magee has joined McGrath after achieving outstanding results in the two years since becoming a sales agent.
One in three borrowers on the brink of financial stress
Borrowers are starting to feel the pinch of rising living costs, with one in three now on the…
REIQ calls for help for property managers
The Real Estate Institute of Queensland (REIQ) is calling for better support for property managers who are struggling…
NZ first home buyers struggling to get a mortgage
First home buyers in New Zealand are struggling to get a mortgage with tighter lending requirements and rising…
Sydney and Melbourne see growing demand for CBD offices
The Sydney CBD office market has seen office investment double in the past 12 months, as demand for…