INDUSTRY NEWS
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Sea change out, tree change in: Australians flock inland for an affordable lifestyle
Buyers are swapping the beach for the bush when it comes to relocating to more affordable regional areas, new research reveals.
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Unlocking confidence in Australia’s property market: agents hold the key to easing frustration and uncertainty
Australians are feeling frustrated, unbalanced and uncertain about the current property market, providing agents an opportunity to solve the confidence equation and get ahead of the competition as a trusted industry advisor.
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Reforms needed to boost housing supply
Reform is needed to help boost housing supply amidst an unprecedented population increase according to an expert.
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Andrew Hauser appointed Deputy Governor of the RBA
The Federal Government has appointed Andrew Hauser as Deputy Governor of the Reserve Bank of Australia (RBA) for a five‑year term.
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Home ownership hurdles: 2023 sees soaring costs, sinking affordability
Housing affordability has plummeted on three fronts in 2023, with simultaneous rises in rent values, housing values and interest rates putting home ownership further out of reach for many.
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Buying beats renting in over a third of Australian homes
Rent growth over the past 12 months means it’s still cheaper to buy than rent more than one-third of Australian homes.
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Airspace development association aims to tackle housing crisis
A new association has been set up aiming to encourage the new construction process of airspace development to help ease the housing crisis.
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Summer’s approach spurs REIA to champion mutual agreements for tenant home modifications
Tenants looking to make moderate changes to a property they’re renting should reach out to their property manager in a bid to put in place a Mutual Agreement, according to a top industry body.
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Falling prices in some suburbs make it easier to buy in Sydney and Melbourne
With interest rates rising, buying conditions remain tough however, there are still locations where people can find both affordable and livable locations according to a new report.
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Wiseberry Heritage acknowledges renters with new Tenant of the Year winner
Wiseberry Heritage continues to appreciate the important role that tenants play in real estate, with the latest winners of the Tenant of the Year award announced at an awards night.
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7 ways your agency can get the most value from AI
Generative AI could create between $110 billion and $180 billion in value for the real estate industry, but only if agencies rewire the way they work to make the best use of the technology.
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REIA President Hayden Groves to hand over the reins
Real Estate Institute of Australia (REIA) President Hayden Groves is set to finish up his term as head of the industry body after two years in the role.
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Barry Plant goes back to its roots with its rebrand and new offices
Barry Plant Group is set to rebrand with a fresh new look that takes the company back to its roots.
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Redefining leadership: real estate’s leading ladies gather in Sydney
Establishing themselves in a male-dominated industry, balancing life with work, and the leadership qualities needed to excel in the sector, were just some of the topics covered at the annual Canapes and Conversations networking event this week.
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New Zealand rents surged 6.1 per cent in the past year
New Zealand tenants aren't fairing much better than their Australian counterparts, with weekly rents rising 6.1 per cent in the past 12 months.
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National Home Value Index hits a new high
Australia’s property market has experienced a V-shaped recovery, with the national Home Value Index hitting a new record.
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REIQ helps arm agencies against cyber attacks
The Real Estate Institute of Queensland (REIQ) is stepping up the battle against cyber criminals with the launch of its cyber resilience toolkit.
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Jazz bands and nostalgia: Peter Brewer’s creative twist to sell treasured family home
When REIQ Chairman Peter Brewer set out to select the team to sell the family home, he knew exactly what he wanted in an agent.
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Sydney’s blue-chip suburbs see values grow by more than $2 million in 10 years
The premium Sydney locations of Manly, Mosman and the Eastern Suburbs have seen home prices surge over the last decade with values up by more than $2 million.
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ANZ predicts next New Zealand interest rate move will be a cut
New Zealand interest rates will likely remain on hold until February 2025 at which time they will likely drop, according to a new forecast from ANZ New Zealand.
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Dynamic duo reunites to take on Sydney’s South West
They say good things come in threes, and that’s certainly the case for The Agency’s newest property partners in Sydney’s South West.
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Indi Cleary is carving her own path in Penrith
If there’s one thing Indi Cleary knows, it’s that there are no shortcuts to success.
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Listing levels back on track nationally
New listings surged in October, rising 17 per cent month-on-month nationally, according to the latest PropTrack Listings Report.
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REIA wants to phase out stamp duty and boost supply to tackle housing crisis
The Real Estate Institute of Australia (REIA) has called for stamp duty to be phased out and lending criteria to be revisited to encourage more housing investment and ease the housing crisis.
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Is this Australia’s most expensive rental property?
In an astonishing twist in the Australian real estate market, a lavish rental property in Bellevue Hill, Sydney, has emerged with a jaw-dropping bond requirement of $100,000.
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Remote investing surges as investors head to WA
Remote investing has taken off in 2023, with the distance between where landlords live and where they invest almost doubling compared to last year.
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Is Queensland’s First Home Owner Grant all it’s cracked up to be?
The Queensland Government has doubled the state’s First Home Owner Grant but a property expert warns the offer may not be as good as it first appears.
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Ray White’s annual conference uses curiosity to drive innovation and growth
The Ray White team has come together at their annual conference on the Gold Coast with a focus on curiosity, and finding ways for the company to continue to grow
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TOOP+TOOP leverages AI to revolutionise real estate tasks
The Artificial Intelligence revolution isn’t going anywhere and agencies need to embrace their curiosity and play with the technology to discover how it can best work for them.
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Property values rise in more than 80 per cent of markets
The Australian property market continues to build steam, with new data showing 82.4 per cent of house and unit suburbs recorded a jump in values in the past three months.
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REIQ supports Queensland body corporate reforms
Body corporate reforms aimed at prohibiting smokers and making life easier for pet owners living in units, strike the right balance according to the Real Estate Institute of Queensland (REIQ).
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WA to halve CPD requirements in proposed self-funded model.
The annual CPD requirement for real estate agents in Western Australia will be halved to five points from 2026, as part of a new self-funded model proposed by the State Government.
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Sydney leads global cities in luxury rental growth
Sydney has recorded the highest luxury residential rental growth of 10 global cities measured by Knight Frank in its Prime Global Rental Index (PGRI).
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Victoria’s new ‘granny flat’ reforms to boost housing supply
New secondary dwelling reforms introduced by the Victorian Government will likely boost housing supply by around half a per cent according to new research.
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NAR seeks a “complete reversal” in US commissions case
The National Association of Realtors (NAR) are set to fight the decision against it in the Sitzer Burnett commission lawsuit and will seek a “complete reversal” suggesting the controversial case is far from over.
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