INDUSTRY NEWS
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Top 50 Australian Residential Real Estate Industry Influencers 2024
What a year it's been for real estate - From AI-powered platforms reshaping the industry to market-shifting policy changes and record-breaking sales, 2024 has delivered more than its share of surprises.
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Industry calls for review of Queensland tenancy laws
Queensland's real estate sector is pushing for a comprehensive review of recent tenancy law changes, with concerns about their impact on the housing market.
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Darwin and Melbourne the top property picks for 2025
A new report has identified some unexpected hotspots, with Darwin and Melbourne leading the way as top investment locations for 2025.
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Sydney’s affordable housing scheme set for major overhaul
The City of Sydney is pushing forward with significant changes to its affordable housing scheme, aimed at dramatically increasing the number of affordable dwellings for low-income households.
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Houses outperform apartments in New Zealand
House prices have shown stronger growth compared to apartments over extended periods, with land value playing a crucial role in the difference, according to new data.
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Victorian tourist town sees surge in property listings but no rentals
The popular Victorian tourist town of Bright is experiencing a big surge in property listings, with 100 homes currently on the market, despite still being in the grips of a housing crisis.
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Government fast-tracks 5,000 new social homes in housing push
The Government has announced an accelerated second round of the Housing Australia Future Fund (HAFF) to deliver 5,000 new social homes in partnership with states and territories.
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Regional divides increase in 2024
The property market is experiencing differences in growth across the country, with some areas showing strong gains while others face declining prices.
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Property prices rise as markets shift
Property prices continue their upward trajectory with the national median house price reaching $1,050,370, marking a 6.2 per cent annual increase according to new data.
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Trump organisation expands its Middle East presence
The Trump Organisation is set to significantly expand its presence in Saudi Arabia with plans for multiple luxury developments, including a new Trump Tower in Riyadh.
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Listings hit multi-year highs despite November slowdown
The market is experiencing its highest November listing levels since 2020, despite a monthly decline in new properties coming to market.
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Confidence rises, but housing supply and construction challenges persist in property sector
The December 2024 Procore/Property Council Industry Sentiment Survey paints a complex picture for Australia’s property industry.
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Blue chip New Zealand property outperforms
New Zealand’s high-end properties and certain regional areas are showing strength and outpacing much of the broader market, according to new data.
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Perth steals the show in a year of resilience
Despite fluctuating interest rates and affordability pressures, Australia’s housing market recorded an 8% increase in sales, reaching 528,000 transactions nationally.
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American and Middle East buyers dominate luxury European property market
Wealthy American and Middle Eastern buyers are driving the super-prime property market in Europe, accounting for half of all £20 million-plus sales in London and 80 per cent of luxury deals on the French Riviera.
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Point Piper’s Wolseley Road claims title as Australia’s priciest street
Wolseley Road in Sydney's Point Piper has cemented its position as Australia's most expensive street, with median house prices surging to $45 million, according to new research.
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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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