INDUSTRY NEWS
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Victoria’s property market faces challenges amid high taxes
Victoria's once-booming property market is now struggling to keep pace with the rest of Australia, according to a leading economist.
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Tasmania leads property boom with 233% gains, while NT lags
Property prices in Tasmania have surged by an impressive 233% over the past 20 years, leading the nation in capital growth.
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ANZ predicts property prices to rise 5.5 per cent in 2025
Australia's capital city housing markets are expected to see continued growth in 2024, with prices forecast to rise by 7.3 per cent.
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Rental market pressures ease as growth slows
Australia's rental market is showing signs of easing, with the pace of growth slowing and more properties becoming available for tenants.
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Australian tenants lead worldwide adoption of rental tech
Australian renters are leading the way with property technology, and in the process enhancing their rental experience with a range of digital products.
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Eviction rates highlight rental struggles in NSW’s outer suburbs
Tenants in Far Western NSW and outer Sydney suburbs are facing the highest risk of eviction, according to a heat map created by the Tenants' Union of New South Wales.
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Building approvals decline raises concerns for housing targets
Building approvals for new homes in Australia have fallen significantly, raising alarm bells for the nation's housing targets.
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Rental boom could be done and dusted
It looks like relief is on the way for struggling renters, with the rental market across Australia having finally reached a turning point.
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Affordable homes outpace luxury market in price growth
Cheaper properties have experienced the strongest price growth over the past year, according to a leading property expert.
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Housing market growth slows as spring listings surge
The Australian property market is showing signs of a slowdown, with national dwelling values rising by just 0.4 per cent in September, according to the latest CoreLogic data.
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Spring Surge: affordability pressures rise as listings climb and market growth slows
Highlights National home values rose 0.4% in September, marking the slowest quarterly growth since early 2023. Year-on-year growth remains strong at 6.7% (CoreLogic) or 5.67% (PropTrack). Capital city performance varies: Sydney steady, Melbourne declining, Perth/Adelaide/Brisbane outperforming. New property listings have surged to levels not seen since 2021, increasing buyer choice and seller competition. Affordability remains a major challenge, with mortgage…
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Metricon Homes retains top spot as Australia’s largest home builder
Metricon Homes has maintained its position as Australia's largest residential builder for the ninth consecutive year, according to a new report.
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Industry warns against rent controls
Queensland's property industry is sounding the alarm over potential rent controls, warning they could further reduce rental availability.
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Million-dollar suburbs hit record high despite affordability concerns
The number of Australian suburbs with median house or unit values of $1 million or more has reached an all-time high.
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Tight supply drags on property industry confidence
Property industry confidence remains stable despite concerns over tight levels of supply, according to the Property Council.
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Higher taxes won’t solve housing crisis
Increasing taxes on housing will exacerbate affordability issues, according to the Housing Industry Association (HIA).
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Aurora Realty: setting the standard in property management
Aurora Realty is quite a force in the property management industry, renowned for its dedication to enhancing the value of residential rental properties.
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Government considers changes to negative gearing and capital gains tax
The federal government is exploring potential modifications to negative gearing and capital gains tax concessions, a move that could significantly impact the upcoming federal election.
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Innovation and focus on workplace culture drive the future of property management
The property management industry is seeing a rapid transformation, driven by rising revenues and new technology adoption, according to new research.
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Low-income Australians priced out of rental market nationwide
A new report reveals that Australians on the lowest incomes are facing severe rental stress across the country, despite recent increases in government payments.
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Jellis Craig introduces new real-time vendor platform
Melbourne real estate group Jellis Craig has launched a new digital platform that it hopes will redefine transparency in sales campaigns.
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Domain launches Spring campaign to empower agents and guide buyers
Real estate platform Domain has unveiled its new Spring campaign, focusing on the trade-offs Australians face when choosing a home.Â
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Nicole Jacobs joins Cohen Handler as Managing Director for Victoria
Leading Melbourne buyers advocate Nicole Jacobs has partnered with Cohen Handler to lead its Victorian operations.
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Housing affordability reaches worst level on record
Housing affordability in Australia has deteriorated to its poorest level since records began, according to a new report.
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Student housing sector to thrive despite international cap
Australia's student accommodation sector is expected to remain resilient despite the Federal Government's proposed cap on international student numbers, according to an expert.
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Affordable options still available for buyers with a small deposit
Despite rising property prices, there’s still hope out there from buyers with a deposit under $100,000.
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Population growth outpaces housing supply
Australia's population has hit 27 million, growing at a pace that is outstripping new housing supply, according to the Housing Industry Association (HIA).
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Buyers take the lead as listings surge
Buyers are back in the driver's seat with surging property listings across the country providing more opportunities and reduced competition.Â
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Housing affordability measures fail to capture true costs
Current housing affordability measures are not accurately reflecting the real housing costs for lower-income households, according to new research.
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Industry wants more houses, not student caps
The government needs to do more than just cap international student numbers to deal with the housing crisis according to the industry.
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Proposed tax reforms would make negative gearing only available to some investors
A new report from RMIT University suggests using Australia's tax system to incentivise property investors to improve conditions for private renters.
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Markets predicting four rate cuts next year
Financial markets are pricing in four interest rate cuts in 2025, potentially bringing some relief to struggling Australian mortgage holders.
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Leaders need to master the art of saying “no”
Effective leadership involves knowing when to say "no" and empowering your team members.
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Auction markets show signs of cooling, but not everywhere
The auction market is showing signs of a slowdown, but there continues to be a big difference across the major capital cities.
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REINSW names their top performers at the 2024 Awards
The Real Estate Institute of New South Wales (REINSW) has celebrated its top performers at its 2024 Awards for Excellence gala event.
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