INDUSTRY NEWS
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Hope on the horizon: Build-to-Rent legislation could ease pressure for renters
New research reveals that over 50 per cent of Australian renters feel they have no alternative but to rent.
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REIA appoints Scott Rollason as CEO
The Real Estate Institute of Australia has appointed Scott Rollason as their new chief executive officer.
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New home approvals reach highest level since 2022
Australian housing construction is showing strong signs of recovery, with detached house approvals hitting their highest monthly level in two years during September.
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Americans eye Canadian real estate as 2024 election heats up
With the 2024 US presidential election going down to the wire, there's been a marked increase in American interest in Canadian real estate.
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Will the RBA cut rates?
Record numbers of Australian homeowners are struggling with mortgage stress, but does that mean the RBA will be cutting interest rates?
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Victoria bans no-fault evictions
Victorian landlords will no longer be able to evict tenants without valid reasons as part of sweeping reforms to rental laws announced by the state government.
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New building system promises new homes in 10 days
A revolutionary new construction system is promising to cut building times by nearly half, with the first Victorian prototype launching in Ormond this month.
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Home prices hit a record high as Melbourne leads growth
Australian home prices have surged to new heights in October, marking the 22nd consecutive month of growth despite ongoing affordability challenges.
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HomeBuilder fuelled inflation and the housing shortage
The $2.6 billion HomeBuilder stimulus during the pandemic helped fuel inflation and has contributed to a housing shortage according to the COVID-19 inquiry.
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Property market shows signs of cooling despite record prices
Property prices have reached new highs across multiple capital cities, however, experts suggest the market is shifting in favour of buyers.
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Do ghosts impact house prices?
As Halloween approaches, Australia’s fascination with the paranormal takes centre stage, from ghostly tales to haunted locations scattered across the country.
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Rental market shows signs of easing despite continued challenges
The rental market is showing early signs of relief as price growth slows and supply increases, according to new research.
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Labor backs housing supply boost, steers clear of negative gearing reform
A new poll found respondents favoured land release for development over changes to negative gearing.
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NSW reforms ramp up duplex development
NSW reforms ramp up duplex development The NSW government has introduced sweeping reforms to allow duplexes and semi-detached homes across 97 per cent of local councils, aiming to increase housing supply in well-located areas. According to realestate.com.au, the new amendments have significantly reduced the requirements for duplex development, with blocks now only needing a 12m frontage on a 400sq m…
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Affordable homes outperform as mortgage fatigue hits
Rising interest rates are driving a shift in the market, with affordable houses now experiencing stronger price growth than luxury homes.
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Auckland auction event sees $24.9 million in property sales
A major Ray White auction event in Auckland has highlighted the strength of the local property market, with more than $24.9 million in sales recorded in a single day.
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Record land prices threaten housing targets
Land prices have hit record highs across the country as severe shortages continue to hamper the government's ambitious housing targets.
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Queensland set to become the second-largest investor market
Queensland is poised to overtake Victoria as Australia's second-biggest property investor market, according to new data
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Find out why November is statistically the best time to sell
Homeowners selling in November achieve higher prices.
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Blue chip property surges higher
Blue chip property across the country is experiencing a significant upswing, with several suburbs hitting record-high prices in 2024.
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Victorian government to release record amount of land for housing
The Victorian government is preparing to announce the largest release of land for housing in the state's history, targeting Melbourne's outer suburbs to combat the ongoing housing crisis.
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RBA reveals landlords absorb the bulk of interest rate hikes
Recent research by the Reserve Bank of Australia (RBA) has debunked the myth that landlords are passing on increased mortgage costs to tenants, leading to unsustainable rent increases.
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Domain CEO Jason Pellegrino to step down
Mr Pellegrino will continue in his role for the next three to six months while Domain’s board searches for a replacement.
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Dutton’s $5 billion plan to solve housing crisis
Opposition Leader Peter Dutton has announced a $5 billion Housing Infrastructure Program, aiming to fast-track the construction of up to 500,000 new homes if the Coalition wins the next federal election.
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Essential workers could get homes on crown land
A groundbreaking proposal to establish new housing on unused Crown land has united unlikely allies in the fight for affordable homes for essential workers.
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Couples turn to wedding guests for home deposits
A new wedding trend is emerging as couples are increasingly asking their guests to help contribute to their home deposit instead of traditional gifts.
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Stamp duty slashed for off-the-plan property purchases in Victoria
The Victorian government has announced a significant reduction in stamp duty for off-the-plan apartments, units and townhouses in a bid to stimulate the housing market and address the state's housing crisis.
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Auction clearance rates climb as buyer demand grows
On Saturday, 19 October 2024, Sydney recorded a clearance rate of 67% from 996 auctions listed.
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Erin’s mission to revolutionise the apartment experience
Erin’s app simplifies apartment living by integrating rent, maintenance, digital keys, and more, enhancing tenant experiences.
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US builders shift focus to condos and townhouses amid affordability crisis
Builders in the US are adapting to the ongoing housing affordability crisis by constructing more high-density homes according to new analysis.
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Employment surge means RBA might not slash rates
Australia's job market continues to show resilience, with employment rising significantly in September, and taking the pressure off the Reserve Bank of Australia (RBA) to cut rates.
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Maxwell Scott Raine inducted into FCA Hall of Fame
The Franchise Council of Australia (FCA) has posthumously honoured Maxwell Scott Raine as the 2024 inductee into the FCA Hall of Fame, recognising his role in introducing franchising to the Australian real estate industry.
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Help on the way for first-home buyers
The Property Council of Australia is presenting policy ideas to the Government that will support homeownership for younger Australians while also boosting housing supply.
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NZ construction costs inch up amid industry slowdown
Construction costs in New Zealand have shown a slight increase in the September quarter, despite an ongoing slowdown in the building industry.
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Rental vacancies rise slightly but crisis deepens in NSW
Residential rental vacancies have increased marginally across Sydney, but experts warn the rental crisis continues to worsen.
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