INDUSTRY NEWS
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Christie’s International Real Estate expands into Hong Kong
Christie’s International Real Estate has officially launched in Hong Kong, continuing its rapid expansion in East Asia.
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South Australia tops HIA’s housing policy ranking
South Australia has topped the Housing Industry Association (HIA) Housing Policy Scoreboard, ranking ahead of all other states and territories in its approach to tackling housing supply issues.
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Deadline looms for NSW rental properties to meet stricter water efficiency standards
From 23 March 2025, rental properties in New South Wales must comply with updated water efficiency standards for landlords to charge tenants for water usage.
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Premium markets poised for strongest gains as rate cuts near
Australia's premium property markets are expected to see the largest value increases when interest rates begin to fall, with new research indicating substantial growth potential across the housing sector.
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REA Group CEO Owen Wilson announces retirement
REA Group's Chief Executive Officer Owen Wilson has announced his intention to retire from full-time executive roles in the second half of 2025, marking the end of an era for the company.
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Office vacancy remains stable as new supply hits market
The Australian office market is showing resilience with CBD vacancy rates remaining relatively stable, despite significant new supply entering the market.
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QLD real estate industry rallies as floods impact local housing market
The Real Estate Institute of Queensland (REIQ) has pledged its support to residents, businesses, and communities affected by the severe flooding in North Queensland.
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Consumer confidence surges as rate cuts loom
Consumer sentiment in Australia has reached its highest point in nearly three years, as speculation grows about potential interest rate cuts from the Reserve Bank of Australia (RBA).
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Agents are optimistic about house price growth in 2025
The majority of real estate professionals are predicting house prices will increase in 2025, with improved affordability and potential interest rate cuts driving market confidence.
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Luxury real estate is in for a change in 2025
The luxury real estate market is poised for big changes in 2025, with more balanced market conditions, growing multi-generational demand, and increasing female leadership emerging as key trends.
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REIA unveils seven-point plan to tackle housing crisis
The Real Estate Institute of Australia (REIA) has launched a comprehensive election commitment plan aimed at addressing Australia's housing affordability crisis ahead of the 2025 Federal Election.
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HIA calls for urgent action in Budget to tackle housing supply
The Housing Industry Association (HIA) has urged the Federal Government to use the 2025-2026 Budget to address Australia’s deepening housing crisis, warning that without major investment and reform, home ownership will slip further out of reach for many Australians.
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Property prices dip as market momentum slows
National home prices have recorded their first decline of the year, dropping 0.08 per cent in January, though values remain nearly 4 per cent higher than the same time last year.
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Rental market shows signs of cooling as availability improves
The Australian rental market is showing early signs of easing, with slower price growth and improved property availability marking a shift from the intense conditions of 2023.
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CPI decline raises hopes for borrowers
The latest Consumer Price Index (CPI) data shows a significant decline in inflation, bringing relief to borrowers and sparking optimism for an interest rate cut, but experts urge caution to maintain economic stability.
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New Zealand coastal suburbs see extraordinary growth patterns
New Zealand's coastal property market has experienced exceptional growth across both islands, with some areas achieving up to 372 per cent value increase over five years, according to new research.
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Property investors target consistent markets
Property investors are increasingly understanding the value of consistent markets over boom locations, with new research revealing the top 50 safest investment suburbs across Australia.
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Single-family rents hit record high in US
The cost of renting a single-family home has reached an all-time high, sitting 20% above the average rent for multifamily apartments, according to Zillow’s latest market report.
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First home buyers flock to Victoria as ‘rentvesting’ gains momentum
First home buyer loan activity is surging across Australia, with Victoria emerging as the nation's leading destination for new buyers.
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$10,000 apprenticeship incentive welcomed as key step in tackling housing crisis
The Property Council of Australia and the Housing Industry Association (HIA) have praised the federal government’s new $10,000 apprenticeship incentive, calling it a crucial measure to address the labour shortages hampering Australia’s housing goals.
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Land prices surge past inflation and construction costs
National land prices have hit record highs, outpacing both consumer inflation and building costs as supply constraints continue to challenge the housing market.
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Singapore’s Ho Bee Land launches takeover bid for AVJennings
Ho Bee Land has entered a bidding war for Australian homebuilder AVJennings, offering A$391 million in a move that challenges an existing bid from American real estate firm Proprium Capital Partners.
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Property slowdown gives NZ buyers the upper hand
New Zealand's property market continues to experience a slowdown, with national property values falling nearly 18 per cent from their post-COVID peak, creating great conditions for buyers.
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Property listings surge to highest levels since 2017
The property market has seen its strongest year of new listings since 2017, giving buyers more choice and potentially slowing price growth in 2025.
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Trump’s policies and their potential impact on Australian real estate
Sydney-based real estate agent Tina O’Connor and the Economic Society of Australia have shared their insights on how the Trump administration might influence our real estate market.
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This Florida mega-mansion could be America’s most expensive home
A planned luxury compound in Manalapan, Florida, is pushing the boundaries of high-end property with a staggering US$285 million price tag.
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Queensland first-home buyers can soon rent rooms without losing benefits
First-home buyers in Queensland will soon be able to rent out spare rooms without risking their grants or concessions following a legislative push supported by the Real Estate Institute of Queensland (REIQ).
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Unemployment edges higher but not enough for a rate cut
Mortgage holders might have to keep on waiting for lower interest rates, with new data showing that the jobs market has not weakened enough for the RBA to act.
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More than one-third of US homeowners say they’ll never sell
High housing costs are keeping many US homeowners firmly in place, with more than one-third (34%) saying they’ll never sell their homes, according to a recent Redfin-commissioned survey.
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Super access plan aims to boost home ownership
The Housing Industry Association (HIA) has thrown its support behind a new Coalition proposal that would allow first home buyers to access up to $50,000 of their superannuation to purchase a home.
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Domain’s December 2024 House Price report: insights across Australia’s capital cities
Australia’s property market experienced a mix of resilience and deceleration in the final quarter of 2024.
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