INDUSTRY NEWS
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Nine in talks to sell Domain stake to US real estate giant
Media reports have suggested Nine Entertainment has entered negotiations to sell its controlling stake in Domain to US real estate conglomerate CoStar, with a potential price tag significantly higher than CoStar's initial offer.
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Victoria leads Australia’s population growth as housing shortfall looms
New data from the Australian Bureau of Statistics (ABS) shows Australia’s population grew by 484,000 people (1.8%) in the year to September 2024, with Victoria leading the way, adding 147,000 new residents. Oliver Hume Chief Economist Matt Bell warns a housing shortfall will be a “tragedy” for low and middle-income households already struggling with affordability.
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Lagging construction might mean rent will rise in the US
Declining multifamily construction permits could lead to higher rent prices in major metros despite recent rent decreases.
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Rate wars could see borrowers opt for longer fixed terms
New Zealand borrowers may soon shift away from short-term fixed mortgages as banks engage in "rate wars" offering lower 2-3 year fixed rates.
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LJ Hooker calls for urgent housing action ahead of Federal Budget
Australia’s housing crisis is in the spotlight as LJ Hooker urges the Federal Government to fast-track solutions to boost supply, ease affordability, and cut red tape.
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REIV calls for tax reform to boost Victoria’s housing supply
The Real Estate Institute of Victoria (REIV) is urging the Victorian Government to implement property tax reforms to address the state's housing crisis ahead of the 2025-26 State Budget.
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Elections don’t actually impact the property market
Contrary to popular belief, Federal elections have little effect on Australia's property market, according to new research.
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Big wins for home sellers, but unit owners feel the pinch
Australian home sellers achieved record-breaking profits in the December 2024 quarter, with a median nominal gain of $306,000, according to CoreLogic's latest Pain & Gain report.
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Trump’s tariffs push up construction costs for US developers
Real estate developers across the US are facing rising costs as President Donald Trump’s latest tariffs increase prices on key building materials, including steel, aluminum, copper, and tiling.
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Brisbane and Gold Coast property markets bounce back after Cyclone Alfred
Just a week after Cyclone Alfred disrupted open homes and auctions, Brisbane and the Gold Coast real estate markets have shown little sign of slowing down.
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Trillions in real estate at risk from natural disasters
Natural disasters are threatening trillions of dollars worth of residential real estate across the United States, with extreme wind, fire and flooding posing significant dangers to property values.
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Five years on: COVID-19’s lasting impact on Australia’s housing market
Five years after COVID-19 was declared a global pandemic, its influence on Australia’s housing market remains strong, with national home values rising 38.4% since March 2020.
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Rental prices drop in Auckland and Wellington, offering relief for renters
New data from realestate.co.nz shows that rental prices have dropped in two of New Zealand’s largest cities, with Wellington seeing the biggest decline.
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Housing taxes now account for half the cost of a new home
Government taxes and charges on new housing have doubled in some Australian cities over the past five years, with new homebuyers now spending up to 15 years of their mortgage just paying off these costs.
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New homes require smaller mortgages in five states
Homebuyers in five Australian states are taking out smaller mortgages for new homes than for established properties, challenging the notion that new builds always come with premium price tags.
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Renovations add value, but not as much as you think
Homeowners considering renovations can expect to make back at least their costs, but several other factors impact the actual value added to properties.
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Property market gains momentum as new listings spike in February
Australia’s property market showed renewed momentum in February, with new listings rising across major capital cities and auction clearance rates improving, according to the latest data from Domain. New supply reached a four-month high, marking the second-highest February level on record.
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High-end property markets signal broader recovery ahead
Australia's premium property markets are showing strong signs of recovery, potentially signaling a broader market turnaround according to recent data.
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Rental affordability hits record low across Australia
Rental affordability in Australia has deteriorated to its worst level since records began in 2008, with median-income households able to afford just over a third of available rentals.
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Sydney among world’s most expensive luxury property markets
Sydney has secured its position as one of the world's most expensive luxury property markets, ranking 11th globally according to a new report.
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Victoria strengthens renter rights with new laws
Victoria has passed new laws strengthening renter protections, including a complete ban on ‘no reason’ evictions.
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New home approvals rise, signalling progress for housing supply
New home building approvals in Australia have reached their highest level since December 2022, offering some positive news for the construction industry.
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Hope for housing affordability after RBA rate cut
Housing affordability in Australia might be at a record low, but the RBA rate cut suggests 2025 may bring welcome relief for both buyers and renters.
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Regional migration trend started well before COVID
More Australians are moving from capital cities to regional areas in a long-term trend that began well before the COVID-19 pandemic, according to new research.
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New Zealand property values show signs of recovery
Property values in New Zealand have returned to growth, signaling the end of 2024's mini downturn and suggesting modest growth ahead for 2025.
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Coalition announces FIRB overhaul
A Dutton Government has pledged to establish a taskforce to reform the Foreign Investment Review Board (FIRB), Shadow Treasurer Angus Taylor has announced.
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Queensland set to usher in the next wave of million-dollar suburbs
Queensland has emerged as the leading state in Australia's next wave of million-dollar suburbs, claiming four of the top 10 spots according to new research.
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REA Group invests in rural property data platform Agtuary
REA Group has announced it will acquire a minority stake in Agtuary, a platform specialising in rural property and environmental data insights.
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Housing market rebounds as prices rise
After three months of decline, Australian home values increased by 0.3% in February, marking a reversal in the short-lived downturn, according to CoreLogic’s Home Value Index.
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Five years on: how the pandemic transformed home buying in the US
Five years after the onset of the COVID pandemic, the US housing market looks significantly different. Home values have soared, virtual home touring has become mainstream, and buyer preferences have shifted, according to new data from Zillow.
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Townsville leads regional Queensland in house price growth
Townsville is experiencing the fastest-growing house prices of any regional city in Queensland, following years of subdued market conditions.
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Home prices rebound in February amid interest rate cut
National home prices rose by 0.40% in February, reaching a new record and reversing recent minor declines.
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Builders launch federal election campaign to address housing crisis
Master Builders Australia has launched its federal election campaign, demanding concrete action from all political parties to address Australia's housing crisis.
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Apartment rents cool in the US, but family homes stay pricey
Renters in the United States may find better deals on apartments this year, but those looking for single-family homes will likely continue to face high costs, experts say.
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Aussie homeownership dreams remain strong despite market pressures
A new LJ Hooker survey has revealed that despite soaring property prices and mortgage pressures, Australians remain committed to the dream of owning their own home. The findings highlight a continued belief in real estate as a solid investment, as well as the key home features buyers refuse to compromise on.
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