INDUSTRY NEWS
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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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Peter Diamantidis: making 800 sales per year and dominating your market
When Peter Diamantidis made the switch to Ray White three years ago, he knew it was time to do things differently.
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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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Coastal suburbs see dramatic price growth across Australia
Australian coastal property markets have seen exceptional growth over the past five years, with premium locations in capital cities and regional areas experiencing substantial price increases, according to new research.
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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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Housing industry demands urgent action on supply crisis
The Housing Industry Association (HIA) is pushing for bold action to address Australia's housing crisis, as the country falls significantly short of meeting its housing targets ahead of the 2025 Federal Election.
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TikTok ban looms in the US
The January 19 deadline for the US anticipated ban on TikTok and its China-based owner ByteDance is fast approaching, posing significant challenges for one in six real estate agents who rely on the platform for marketing, according to the National Association of Realtors (NAR).
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Michael Bacon: From country boy to co-director at 26
Michael Bacon's rapid rise in real estate comes down to his self-belief and authenticity, having gone from a small country town to becoming a co-director of Place Kangaroo Point by age 26.
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Underpayment laws you need to know about for 2025
New rules mean underpaying employees – whether it’s forgetting overtime, missing penalty rates, or skipping super – could land employers in serious hot water.
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Rental growth “well and truly passed the peak”
The Australian rental market is showing clear signs of cooling, with national rental growth dropping to just 4.8 per cent in 2024, down significantly from 8.1 per cent in 2023.
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Top Home and AI Tech Innovations from CES 2025
The real estate industry is no stranger to innovation, but the advancements showcased at CES 2025 have taken things to a whole new level. This year’s Consumer Electronics Show was a treasure trove of AI-powered home tools designed to make homes smarter, more efficient, and more personalised than ever before. Here’s a deep dive into the top AI and home…
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Bec Turner: signing 1600 managements in 4.5 years
Discover how Bec Turner, Head of the Growth Team at Ray White AKG, signed 1600 property managements in just 4.5 years. From breaking records to building a high-performing team, learn her secrets to success and balancing work-life flexibility.
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Gen X overtakes Baby Boomers in property wealth, according to KPMG report
Gen X has surpassed Baby Boomers in property wealth, holding an average of $1.31 million in housing assets, highlighting generational shifts in Australia's real estate landscape.
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NZ property market closed 2024 with fresh opportunities despite December lows
The New Zealand property market saw record December lows in 2024, with new listings at a 17-year low and average asking prices returning to 2021 levels.
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New home building activity shows signs of recovery
Building approvals data continue to point to a moderate-pace recovery in 2025
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Calls for RBA to ease interest rates
REIA President, Ms Leanne Pilkington said that while the increase remains modest, the figures add weight to growing calls for the RBA to consider easing interest rates.
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Rent growth slows to lowest rate since 2021
Australia’s rental price growth slows as Sydney and Melbourne rents flatline for six months.
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Consumer confidence kicks off 2025 with a boost
In good news, the ANZ-Roy Morgan Australian Consumer Confidence jumped 3.6pts in the first week of 2025.
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Billionaires retreat from London’s ‘super-prime’ market
London's ultra-prime housing market for multi-millionaire and billionaire buyers dropped by 25% in unit sales in 2024.
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Private equity bets big on UK rental market
In the UK, private capital and pension fund money is flowing into single-family rental homes as demand soars
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Raine & Horne appoints Chris Nicholl as CEO to lead next phase of growth
Raine & Horne starts 2025 on a high, with Chris Nicholl appointed to lead the next phase of growth.
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National home values record first decline in almost two years
After peaking in October and holding steady in November, the December dip also pulled the quarterly change into negative territory, marking a -0.1% drop. This small decline brings an end to a robust period of growth that lasted from February 2023 to October 2024—a period defined by high interest rates, cost-of-living pressures, and reduced borrowing capacity. CoreLogic’s research director, Tim…
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Granny flats take centre stage in SA’s housing market
South Australia’s housing crisis has reshaped homebuyers’ priorities, with granny flats now high on shopping lists.
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Melbourne to lead housing growth as prices set to rise nationwide
Australian house prices are set to continue their upward trajectory, with Melbourne expected to lead major capitals with a 3.5 per cent growth in 2025.
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