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INDUSTRY NEWS
Renters and homeowners are feeling more confident
Consumer confidence held steady this week, as both renters and homeowners started to feel better about the state of the housing market.
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INDUSTRY NEWS
Construction industry collapse tightens the screws on home buyers
The Aussie dream of home ownership could be under threat as the construction sector faces an unprecedented crisis, with thousands of builders going bankrupt and leaving homeowners in financial distress.
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INDUSTRY NEWS
Auction market lifts as spring heats up
The Australian property market has seen a sharp uptick in activity as spring selling season gains momentum according to new data.
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INDUSTRY NEWS
Australian property market hits $11 trillion despite slowing growth
Australia's property market has reached a new milestone, with the total value of residential real estate surpassing $11 trillion for the first time, but growth is starting to ease.
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INDUSTRY NEWS
RNBZ rate cuts to boost confidence
The Reserve Bank of New Zealand’s latest rate cut is set to boost market confidence and there is likely more easing on the way.
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Movers and Shakers
Michael Bacon steps up as co-director at Place Kangaroo Point
Michael Bacon has been named co-director of Place Kangaroo Point, marking a significant step in his rapid rise through the ranks in Brisbane.
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Movers and Shakers
Suzanne Brown gets the nod as next REIWA President
The Real Estate Institute of Western Australia (REIWA) has elected Suzanne Brown as its new President, taking over from Joe White who completed his two-year term.
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INDUSTRY NEWS
Investors flock to charity-backed commercial properties
There’s currently a surge in demand for properties backed by established charities like the Salvation Army and St Vincent De Paul.
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INDUSTRY NEWS
Housing crisis deepens as new home builds hit decade-low
Australia's housing crisis is set to worsen as new home construction plummets to its lowest level in over a decade, according to industry experts.
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INDUSTRY NEWS
Strata properties gain popularity in NSW and QLD
House purchases are trending downwards in New South Wales as buyers increasingly turn to strata properties, according to a new report.
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INDUSTRY NEWS
Sydney and Melbourne’s unit markets struggle despite affordability gains
Despite improving affordability in some areas, certain unit markets in Sydney and Melbourne are failing to attract buyers, according to new research from CoreLogic.
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INDUSTRY NEWS
Parliament urged to pass housing legislation
The Property Council of Australia is calling on Parliament to pass the federal government's housing legislation without delay, starting with the Help to Buy scheme this week.
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INDUSTRY NEWS
Victoria’s property market faces challenges amid high taxes
Victoria's once-booming property market is now struggling to keep pace with the rest of Australia, according to a leading economist.
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INDUSTRY NEWS
ANZ predicts property prices to rise 5.5 per cent in 2025
Australia's capital city housing markets are expected to see continued growth in 2024, with prices forecast to rise by 7.3 per cent.
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INDUSTRY NEWS
Rental market pressures ease as growth slows
Australia's rental market is showing signs of easing, with the pace of growth slowing and more properties becoming available for tenants.
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Movers and Shakers
Frank Giorgi appointed Managing Director of RWC Canberra
RWC Canberra commercial property expert Frank Giorgi has been appointed Managing Director of the business, after operating as director and major shareholder for many years.
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Movers and Shakers
Ben Summons appointed as Kollosche’s new COO
Luxury real estate agency Kollosche has appointed Ben Summons as its new Chief Operating Officer to drive the business into a new era of growth.
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INDUSTRY NEWS
Australian tenants lead worldwide adoption of rental tech
Australian renters are leading the way with property technology, and in the process enhancing their rental experience with a range of digital products.
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INDUSTRY NEWS
Eviction rates highlight rental struggles in NSW’s outer suburbs
Tenants in Far Western NSW and outer Sydney suburbs are facing the highest risk of eviction, according to a heat map created by the Tenants' Union of New South Wales.
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INDUSTRY NEWS
Building approvals decline raises concerns for housing targets
Building approvals for new homes in Australia have fallen significantly, raising alarm bells for the nation's housing targets.
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INDUSTRY NEWS
Rental boom could be done and dusted
It looks like relief is on the way for struggling renters, with the rental market across Australia having finally reached a turning point.
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INDUSTRY NEWS
Affordable homes outpace luxury market in price growth
Cheaper properties have experienced the strongest price growth over the past year, according to a leading property expert.
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INDUSTRY NEWS
Housing market growth slows as spring listings surge
The Australian property market is showing signs of a slowdown, with national dwelling values rising by just 0.4 per cent in September, according to the latest CoreLogic data.
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INDUSTRY NEWS
Metricon Homes retains top spot as Australia’s largest home builder
Metricon Homes has maintained its position as Australia's largest residential builder for the ninth consecutive year, according to a new report.
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INDUSTRY NEWS
Industry warns against rent controls
Queensland's property industry is sounding the alarm over potential rent controls, warning they could further reduce rental availability.
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INDUSTRY NEWS
Million-dollar suburbs hit record high despite affordability concerns
The number of Australian suburbs with median house or unit values of $1 million or more has reached an all-time high.
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INDUSTRY NEWS
Tight supply drags on property industry confidence
Property industry confidence remains stable despite concerns over tight levels of supply, according to the Property Council.
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INDUSTRY NEWS
Higher taxes won’t solve housing crisis
Increasing taxes on housing will exacerbate affordability issues, according to the Housing Industry Association (HIA).
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Movers and Shakers
McGrath agents join forces on Lower North Shore
A significant merger between McGrath's Hunters Hill and Lane Cove offices and its Crows Nest and Willoughby teams brings together the expertise and market knowledge of three longstanding McGrath agents who are leaders in the industry.
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INDUSTRY NEWS
Government considers changes to negative gearing and capital gains tax
The federal government is exploring potential modifications to negative gearing and capital gains tax concessions, a move that could significantly impact the upcoming federal election.
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FRANCHISE NEWS
How Art Sudharm turned a family goal into real estate success
A key factor in Art Sudharm's success in real estate has been her desire to support her family.
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INDUSTRY NEWS
Innovation and focus on workplace culture drive the future of property management
The property management industry is seeing a rapid transformation, driven by rising revenues and new technology adoption, according to new research.
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INDUSTRY NEWS
Low-income Australians priced out of rental market nationwide
A new report reveals that Australians on the lowest incomes are facing severe rental stress across the country, despite recent increases in government payments.
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INDUSTRY NEWS
Jellis Craig introduces new real-time vendor platform
Melbourne real estate group Jellis Craig has launched a new digital platform that it hopes will redefine transparency in sales campaigns.
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INDUSTRY NEWS
Domain launches Spring campaign to empower agents and guide buyers
Real estate platform Domain has unveiled its new Spring campaign, focusing on the trade-offs Australians face when choosing a home.
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