INDUSTRY NEWS
-
Home building approvals hit a 14-month high
New home building approvals in Australia have reached their highest level in 14 months, in a sign that confidence is starting to return.
Read More » -
Inland property prices surge as buyers look beyond the coast
Home buyers are starting to look beyond the beach, with inland areas experiencing a boom in prices as buyers start moving away from traditional coastal hotspots, according to a leading economist.
Read More » -
Greens take aim at dodgy landlords
The Australian Greens have unveiled a plan to establish a National Renters Protection Authority (NRPA) to enforce rental standards and penalise ‘dodgy’ landlords and real estate agencies.
Read More » -
Rent.com.au sees rising revenues
Leading rental portal, Rent.com.au has seen rising revenues last financial year, as it looks to grow its RentPay offering.
Read More » -
Ray White Rural and Livestock celebrates 30 years of success
Ray White Rural and Livestock recently held its annual awards ceremony in Toowoomba, marking 30 years since the network's inception.
Read More » -
Elite Retreat auction raises over $30,000 for children’s charity
A successful charity auction at this year's Elite Retreat on Hayman Island has raised more than $30,000 for Steve’s Caroll’s Digital Live bike ride, supporting the children's charity Hands Across the Water.
Read More » -
Home buyers prioritise lifestyle this Spring selling season
Home buyers are putting lifestyle first this Spring selling season, alongside traditional factors like location and size.
Read More » -
The suburbs where homeowners hold onto property for 20 years
Certain Australian suburbs are seeing homeowners hold onto their properties for more than two decades which is double the national average.
Read More » -
New laws aim to improve strata living in NSW
The NSW government has introduced new legislation to restore confidence in strata living and investing, targeting issues with strata managing agents and insurance policies.
Read More » -
realestate.com.au launches AI room renovation tool
realestate.com.au has launched an AI-generated styling tool that allows users to digitally renovate property images.
Read More » -
DOJ sues RealPage over rent-pricing algorithm
The US Department of Justice and eight state attorneys general have filed an antitrust lawsuit against RealPage, accusing the company of operating an illegal scheme to drive up rent prices across the country.
Read More » -
Eddy Piddington brings fresh energy to Ray White Northern Beaches
Leading agent Eddy Piddington has joined Ray White Northern Beaches, bringing over 20 years of local expertise to the team.
Read More » -
ACT real estate portal launches industry-first build-to-rent solution in Canberra
In a pioneering move for the Australian real estate industry, ACT-based portal Allhomes has introduced a build-to-rent (BTR) product solution, making it easier for renters to find and apply for BTR homes alongside traditional rentals in Canberra. Allhomes, owned by Domain, launched the new feature on 1 August 2024, catering to the emerging BTR market in the capital. The platform…
Read More » -
Townhouses drive New Zealand’s housing market transformation
New Zealand's housing landscape has undergone a significant shift, with townhouses emerging as a key driver of growth, according to CoreLogic.
Read More » -
US buyers drive a surge in international interest for Australian property
International interest in Australian properties has seen a significant jump, with searches from overseas buyers and renters increasing in July.
Read More » -
Property market delivers record profits for Australians
Australia’s property market continues to solidify its reputation as a reliable wealth-building avenue, with a significant surge in profit-making sales across the nation.
Read More » -
Social housing and investor reforms urgently needed
The government needs to focus on building more social houses, eliminate policies like negative gearing and coordinate national rental reform to help address the housing crisis in Australia.
Read More » -
Sydney records the highest prime rental growth in the world
Sydney has once again recorded the highest annual prime rental growth across 15 of the world’s leading cities.
Read More » -
AI Powered Agents Course Goes National with Real Estate Institute Partnerships
In partnership with the Real Estate Institute of Tasmania (REIT), Real Estate Institute of the Australian Capital Territory (REIACT), Real Estate Institute of Queensland (REIQ) and Real Estate Institute of Victoria (REIV) the course will be offered across Australia from August 29 to equip real estate professionals with essential AI skills.
Read More » -
Home buyers make offers after just 20 minutes
Home buyers in the UK, are spending less than 20 minutes looking at a home before putting in an offer according to new research.
Read More » -
Senate launches enquiry to examine first home buyer finance
The Senate has voted to begin an inquiry examining the impact of Australia's financial regulations on home ownership, with a focus on improving access for first-time buyers.
Read More » -
Domain reports solid jump in revenue and profit
Domain has reported a “strong” set of financial results for the 2024 financial year, with revenue increasing 13.1 per cent to $391.1 million, while net profit increased 27.9 per cent to $49.4 million.
Read More » -
Record number of suburbs join Perth’s million-dollar club
Perth's property market continues to break new ground with a record 30 suburbs joining the million-dollar club in the 2023-24 financial year.
Read More » -
Spring selling favours vendors in Adelaide and Perth
The upcoming spring selling season is expected to be particularly good in Adelaide and Perth as vendors cash in on high prices.
Read More » -
NAR facing lawsuit over access to listing platform
Beleaguered NAR has been hit with another lawsuit, however, this time it’s aimed at the industry requiring agents to be members to access their real estate listing platform.
Read More » -
Harcourts bids big for mental health with Blue Friday auctions
Harcourts Australia is getting ready to paint the country blue, with its nationwide auction event to raise money for mental health and wellbeing charity Beyond Blue.
Read More » -
Laing+Simmons trains property managers with crime-solving skills workshop
Laing+Simmons has collaborated with team building and communication experts, Crime Story, in a unique training session to equip their property managers with crime-solving skills that transfer to their daily real estate roles.
Read More » -
Steve Mutton returns to Ray White
Steve Mutton has returned to Ray White to join forces with Scott and Grant Burgess on the Gold Coast.
Read More » -
Buyers’ optimism grows, but affordability challenges slow property searches
Prospective buyers feel positive about entering the property market, but once the house hunt starts, affordability challenges mean it takes longer to find a home than first desired.
Read More » -
Housing affordability remains challenging in New Zealand
Housing affordability in New Zealand continues to be strained despite weaker property prices and rising incomes.
Read More » -
Grant Hackett: Focus on purpose and meaning to succeed
If you want to succeed in real estate or sports you need to focus on finding your purpose and meaning.
Read More » -
Buyers find more options as property supply rises
Properties will need to be priced right coming into the spring selling season, with the latest data from Domain showing momentum is swinging towards buyers.
Read More » -
Nationwide workshops to shape future of property services qualifications
BuildSkills Australia (BuildSkills) will hold consultation workshops around the country as part of qualification reform in the property services industry.
Read More » -
One-minute data: Rental vacancy rate stabilises as investors return
The national rental vacancy rate held steady at 1.42 per cent in July, with some cities seeing improved conditions.
Read More » -
Construction costs spike again, driving property prices to new heights
Last year, it looked like the rapid rise in construction costs had come to an end.
Read More »