INDUSTRY NEWS
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View Media Group partners with Century 21
View Media Group has joined forces with Century 21, in a strategic partnership designed to shake up digital marketing in the real estate sector.
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Property prices to hit new records in new financial year
Property prices will continue to rise in the coming financial year, with Sydney’s house prices set to more than double Perth’s.
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REA Group acquires remaining interest in Realtair
REA Group has now acquired full ownership of Australian PropTech, Realtair.
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NSW State Budget plans for 30,000 new homes
NSW Treasurer Daniel Mookhey has handed down this year's state budget, with a focus on building more homes and measures to help to manage the ongoing housing crisis.
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RBA keeps cash rate on hold at 4.35 per cent
The Reserve Bank of Australia has kept the cash rate on hold at 4.35 per cent at its June meeting, but hasn’t ruled out a further hike if sticky inflation continues to persist.
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MRI Software partners with CBA on reimagined payments solution
Commonwealth Bank of Australia (CBA) has unveiled a strategic collaboration with MRI Software to enhance the residential real estate sector's payment processes.
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Housing affordability is getting worse in WA
Home prices in Western Australia aren’t looking as cheap as they used to be, with new data showing that affordability has declined again.
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Nerida Conisbee: Shouldn’t we already be in recession?
An interesting global study was recently released by the International Monetary Fund (IMF,) which looked at how sensitive countries were to monetary policy based on their housing markets.
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Ray White Queensland partners with the Brisbane Lions
Ray White Queensland has kicked off a three-year partnership with the Brisbane Lions, becoming their official real estate partner.
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Many experts tip first rate cut in July 2025
Economic and property experts have unanimously tipped the Reserve Bank of Australia will keep the cash rate on hold at its June 18 meeting, but almost one-in-five say a rate cut won’t come before July next year.
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Mortgage cliff not finished yet
Life is not expected to get any easier for thousands of borrowers, with the last of the fixed-rate customers expected to see their rates rise substantially.
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Richardson & Wrench Crows Nest gears up for growth
Property sellers in Crows Nest can now stay one step ahead of market trends and capitalise on property values thanks to the new owners of local estate agency Richardson & Wrench Crows Nest.
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Brisbane’s industrial market sees rising vacancy as supply comes online
Supply is rising in Brisbane’s industrial market leading to an increase in vacancy rates according to new research.
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Population growth outstrips housing supply
Australia’s population growth is outstripping housing supply, with net overseas migration driving the rise in residents.
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Cash rate to remain on hold, but next move is down
The RBA is set to leave the cash rate on hold at 4.35 per cent at next week’s RBA meeting, but the next move will be a cut according to a major bank.
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Property managers urged to put their wellbeing first
Property managers need to prioritise their well-being amidst the tough conditions the industry is facing.
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Amazon to invest extra $1.4 billion in affordable housing
Amazon will invest an extra US$1.4 billion in its Housing Equity Fund, which is aimed at creating or preserving affordable housing in regions with major corporate offices.
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Our top picks from the AREC 2024 Expo Hall
The Expo Hall at AREC is always a hit with principals, agents, and property managers, and this year was no different. Attendees were spoilt for choice, whether seeking cutting-edge solutions to streamline property management or fresh strategies to boost sales leads and listings. Innovation was in full swing, networking was buzzing, and many exhibitor stands enticed visitors with treats like…
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Australian’s ‘thriving’ in life but stressed at work
Australians and New Zealanders have reported “thriving” in life despite many being stressed at work and actively looking for a new job.
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Seller confidence surges: new listings up 6.5 per cent in May
Seller confidence is returning to the real estate market, with new listings up 6.5 per cent in May.
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Microsoft removes listing data from Bing Real Estate
Bing Real Estate has come under fire for allegedly listing properties sourced directly from Zillow, Redfin and Realtor.com.
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Agents need to ‘stand for something’
Agents must “stand for something” if they want to separate themselves from the pack was the message coming out of Ray White’s Ready SET Go training in Brisbane
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National median house price up 7.6 per cent
The national median house price has risen 7.6 per cent in the past 12 months to $1.026 million, according to the latest data.
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REIQ: Why the State Budget is a ‘mixed bag’
This week’s Queensland Budget delivers a “mixed bag” for housing and small business, despite the largely positive increase to the stamp duty threshold for first-home buyers, according to the state’s peak real estate body.
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Landlord ordered to compensate drug-growing tenant
A New Zealand landlord has been ordered to compensate a tenant $10,000, despite the tenant's involvement in illegal cannabis cultivation on the property.
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The Agency introduces a new domestic violence support program
The Agency has announced a new Family and Domestic Violence policy that will include a one-off $5,000 payment to help support victims.
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Real estate leaders on King’s Birthday Honours List
A trio of businessmen and philanthropists connected to the real estate industry have received King’s birthday honours.
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Nerida Conisbee: The uncomfortable truth about achieving housing affordability
There have been a lot of people, events and policies blamed for Australia's low level of housing affordability.
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Lending indicators show buyer numbers are rising
Despite high interest rates, the number of active buyers in the market is on the rise, according to the latest lending indicators.
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WA and QLD the best locations for growth and yield
Western Australia and Queensland have a number of locations where investors can potentially see both capital growth and high yields according to new report.
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REIQ calls on QLD Government to do more in State Budget
Ahead of the State Budget, the Real Estate Institute of Queensland (REIQ) is calling for more action to address the housing crisis that only continues to get worse.
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Housing affordability improves for the first time since 2021
Housing affordability for home buyers has finally turned a corner, showing improvement for the first time in three years.
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NSW proposed no grounds eviction laws to hurt landlord rights
The deadline for submissions into proposed no grounds evictions laws in NSW is approaching, amidst concerns, that landlords' rights are going to be harmed.
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Signs the rental market is easing in Perth
There are growing signs that the rental market in Perth is easing with median rents holding steady for a second straight month.
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Committed to community: How Steve Turner is making a difference
“Don’t write a cheque, turn up.”
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