INDUSTRY NEWS
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RBA leaves rates on hold with inflation still “too high”
There’s no relief for mortgage holders just yet, with the Reserve Bank of Australia leaving the official cash rate unchanged at the December meeting.
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Energy Ratings gap reveals new selling point for modern homes
Modern homes built after 2010 achieve nearly double the energy efficiency rating of older properties.
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London design firm to create ultra-luxury Sydney residences
World-renowned luxury design firm Banda Property is set to make its Sydney debut, designing interiors for an exclusive harbourside development in Darling Point.
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Canada to crack down on Airbnbs
The Canadian government has unveiled plans to help cities crack down on Airbnb and other short-term rental properties, with the goal of increasing housing availability for residents.
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Experts forecast first rate cut in May
Experts are predicting interest rates will remain elevated until at least May 2025, as the Reserve Bank maintains its focus on controlling inflation.
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Moving home triggers major lifestyle changes for Australians
Two-thirds of Australians use moving house as an opportunity to transform their lifestyle and financial habits, according to new research from realestate.com.au.
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Property market set for big changes in 2025
The property market is poised for significant changes in 2025, with rate cuts expected and emerging trends reshaping both residential and commercial sectors.
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Brisbane and Adelaide set to join the million-dollar club
Brisbane and Adelaide are set to join Australia's million-dollar median house price club by the end of 2025, according to an expert.
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Dwelling approvals surge to highest level in nearly two years
Australian dwelling approvals have reached their strongest levels since 2022, signalling a strong recovery in the construction sector despite ongoing economic challenges.
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Realestate.co.nz declares 2024 a ‘Goldilocks’ market
Described by spokesperson Vanessa Williams as a rare “Goldilocks market,” current conditions (stable prices, rising stock levels, falling interest rates, and increased buyer activity) are creating a unique moment of opportunity in the property sector. “After 18 years of tracking the property market, this is one of those rare moments where certainty and opportunity align,” said Ms Williams. “It’s a…
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NSW Government unlocks land for 2,300 new homes in Western Sydney
A significant parcel of unused land in Western Sydney's growth corridor will be transformed to deliver approximately 2,300 new homes, ending a decade-long bureaucratic stalemate.
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Property price growth slows as markets await rate cuts
Momentum is cooling across Australia's major capital housing markets, with monthly gains slowing to 0.4 per cent despite strong annual growth figures.
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Property Prices Keep Rising Despite Market Headwinds
The Australian property market continues to defy expectations, with new Proptrack data revealing unprecedented growth across major cities and regional areas. Despite economic headwinds including higher interest rates and cost-of-living pressures, robust demand and demographic shifts are reshaping traditional market dynamics, particularly in Queensland’s capital. Market Hierarchy Undergoes Historic Shift One of the most significant developments has been Brisbane’s emergence…
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Luxury treehouses become multi-million dollar retreats
Celebrity treehouse builder Pete Nelson is transforming childhood dreams into million-dollar luxury retreats.
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Six skills to win in 2025 according to your accountant
The skills required to succeed in your career and business are changing rapidly as technology and society evolve.
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Queensland leads the nation in housing activity
Queensland has emerged as the frontrunner in residential construction activity, driven by a significant influx of interstate migration and overseas arrivals.
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Top 10 affordable investment hotspots under $500K
New research from Washington Brown, powered by Hotspotting, has uncovered Australia's "bargain" property hotspots.
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Renovations outpace new builds as homeowners opt for upgrades
Homeowners are increasingly choosing to renovate rather than build new homes, with renovation spending now accounting for 40 per cent of total construction expenditure.
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Is a rate cut out for 2024 as inflation holds steady?
Markets now align with a view of rate cuts beginning in May 2025.
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REIV has concerns about Victoria’s new rental reforms
The reforms, part of the Vic Labor Government’s broader housing strategy, aim to address rental market inequalities while balancing the concerns of the real estate industry.
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Sydney suburbs show strong growth potential despite a slowdown
A number of suburbs in Sydney continue to show resilience and growth potential, even with prices slowing down across the city.
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Shared living on the rise
More Australians are turning to shared living arrangements as rental costs continue to soar across the country.
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Capital cities could accommodate three million new homes
New research has identified the potential for more than three million additional strata units to be built across Australia's major cities, offering a potential solution to the housing crisis.
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First home buyers finding creative ways to enter the market despite rising costs
First home buyers are now saving less than half of what they were a year ago as the rising cost of living continues to impact their ability to enter the property market.
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Commercial property market surges as investor confidence returns
Australia's commercial property market has shown resilience in 2024, with average sale prices increasing by seven per cent and transaction volumes on track to exceed $1.4 billion.
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Affordability shifts towards the unit market
A shift towards unit living is gaining steam as house prices continue to surge across Australia's capital cities, according to new research.
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Thomas McGlynn takes the helm at REINSW
The Real Estate Institute of NSW (REINSW) has announced Thomas McGlynn as its President.
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City exodus: four in ten eye a move to regional Australia
Four in ten city residents are now considering a move to regional Australia, as new research reveals mounting pressure on regional communities to keep pace with unprecedented population growth.
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‘Mum and Dad’ investors the key to affordable housing
Small-scale property investors could play a big role in addressing Australia's affordable housing crisis, according to new research.
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NAR’s REACH program crowned top PropTech accelerator
The National Association of Realtors' (NAR) REACH technology growth program has been named PropTech Outlook's 2024 Accelerator of the Year, highlighting its growing influence in real estate innovation.
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New home sales lift as market rebounds
New home sales jumped in October, with an 8.8 per cent increase compared to September, signalling a potential recovery in the housing market.
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REINSW calls for clear expectations in planning reform
The Real Estate Institute of NSW (REINSW) has cautiously welcomed the state government's new Housing Delivery Authority.
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Cathy Freeman and Dom Price to present at Ready25
REA Group has released the first speaker details for Ready25, the biggest property industry event of 2025, set to take place at Royal Randwick in Sydney on 21 August.
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WA real estate industry celebrates excellence at REIWA Awards
Western Australia's real estate industry has recognised its top performers at the prestigious REIWA Awards for Excellence, with 23 awards presented to outstanding agents and agencies.
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Queensland’s best recognised at excellence awards
The Real Estate Institute of Queensland (REIQ) has hosted its largest ever Awards for Excellence, celebrating outstanding achievement across the state's real estate sector.
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