INDUSTRY NEWS
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REA Group Doubles Customer-Facing Teams in Major Restructure
REA Group, the company behind realestate.com.au, has announced a significant restructure that will double the size of its customer-facing teams. The move, which will take effect in October, aims to enhance real estate agents’ services and streamline their workflow. Under the new structure, REA’s customer product and services teams will join the existing sales, marketing, and customer support functions in…
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More needed from Government to fix housing
Australia's housing crisis requires immediate and coordinated action from all levels of government, according to industry experts.
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Investors flee rental market amid rising costs and new taxes
Property investors are abandoning the rental market in droves, with new data showing a significant increase in investment property sales over the past year.
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Majority of Australians want house prices to fall
Most Australians want to see house prices decrease over the next five years, according to new polling data.
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National vacancy rate drops to 1.39 per cent
Australia's rental market tightened last month, with the national vacancy rate falling to 1.39 per cent in August, according to new data.
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You can’t rely on technology alone for property purchases
The industry is urging buyers not to overlook the importance of physical property inspections, despite advancements in AI.
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Victorian Government’s Airbnb tax faces backlash from investors
Victorian Government’s Airbnb tax faces backlash from investors
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Belinda Sinclair: How Domain’s latest property innovation is driving listing enquiries
Automation is a concept that continues to grow in the property space - from integrated smart homes to AI tools that analyse data.
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Luke Lombardi and Christian Bellomo have joined Pulse Property
Luke Lombardi and Christian Bellomo have joined Pulse Property as the company continues to grow.
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Housing shortfall grows as Australia misses National Housing Accord target
Australia is set to fall short of its National Housing Accord target by over 166,000 homes, according to new forecasts from the industry.
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Spring selling season kicks off strongly
The first weekend of Spring selling has started strongly with active buyers driving up clearance rates right around the country.
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The Beauty Premium: how real estate agents are boosting sales with style
In real estate, it’s not just about knowledge and negotiation skills—your appearance could be your secret weapon.
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RBA warns interest rates to remain high as inflation persists
Reserve Bank of Australia (RBA) Governor Michele Bullock has warned that interest rates will remain elevated for an extended period to combat persistent inflation.
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Rental crisis persists despite slowing rental growth
Australia's rental crisis remains severe despite a modest easing in rent increases in some areas, according to new data.
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Planning systems failing regional Australia
Regional Australia is facing a severe housing crisis as planning systems struggle to keep up with demand, according to industry experts.
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Mortgage stress hits record high as 1.4 million Australians struggle
New research from Finder paints a concerning picture for mortgage holders, with record levels of financial distress across the country.
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Nick Boyd appointed CEO of Belle Property
Nick Boyd has been named Chief Executive Officer of Belle Property, Hockingstuart and Acton | Belle Property, taking the reins from Peter Hanscomb.
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Perth dominates list of top family-friendly suburbs
Perth has emerged as the leading city for family-friendly suburbs in Australia, according to new research.
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First home buyers forced to adapt amid rising costs
First home buyers are increasingly purchasing properties alone or using government-backed schemes to enter the property market, as rising costs make it harder to buy.
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Home building approvals hit a 14-month high
New home building approvals in Australia have reached their highest level in 14 months, in a sign that confidence is starting to return.
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Inland property prices surge as buyers look beyond the coast
Home buyers are starting to look beyond the beach, with inland areas experiencing a boom in prices as buyers start moving away from traditional coastal hotspots, according to a leading economist.
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Greens take aim at dodgy landlords
The Australian Greens have unveiled a plan to establish a National Renters Protection Authority (NRPA) to enforce rental standards and penalise ‘dodgy’ landlords and real estate agencies.
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Rent.com.au sees rising revenues
Leading rental portal, Rent.com.au has seen rising revenues last financial year, as it looks to grow its RentPay offering.
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Ray White Rural and Livestock celebrates 30 years of success
Ray White Rural and Livestock recently held its annual awards ceremony in Toowoomba, marking 30 years since the network's inception.
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Elite Retreat auction raises over $30,000 for children’s charity
A successful charity auction at this year's Elite Retreat on Hayman Island has raised more than $30,000 for Steve’s Caroll’s Digital Live bike ride, supporting the children's charity Hands Across the Water.
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Home buyers prioritise lifestyle this Spring selling season
Home buyers are putting lifestyle first this Spring selling season, alongside traditional factors like location and size.
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The suburbs where homeowners hold onto property for 20 years
Certain Australian suburbs are seeing homeowners hold onto their properties for more than two decades which is double the national average.
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New laws aim to improve strata living in NSW
The NSW government has introduced new legislation to restore confidence in strata living and investing, targeting issues with strata managing agents and insurance policies.
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realestate.com.au launches AI room renovation tool
realestate.com.au has launched an AI-generated styling tool that allows users to digitally renovate property images.
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DOJ sues RealPage over rent-pricing algorithm
The US Department of Justice and eight state attorneys general have filed an antitrust lawsuit against RealPage, accusing the company of operating an illegal scheme to drive up rent prices across the country.
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Eddy Piddington brings fresh energy to Ray White Northern Beaches
Leading agent Eddy Piddington has joined Ray White Northern Beaches, bringing over 20 years of local expertise to the team.
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ACT real estate portal launches industry-first build-to-rent solution in Canberra
In a pioneering move for the Australian real estate industry, ACT-based portal Allhomes has introduced a build-to-rent (BTR) product solution, making it easier for renters to find and apply for BTR homes alongside traditional rentals in Canberra. Allhomes, owned by Domain, launched the new feature on 1 August 2024, catering to the emerging BTR market in the capital. The platform…
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Townhouses drive New Zealand’s housing market transformation
New Zealand's housing landscape has undergone a significant shift, with townhouses emerging as a key driver of growth, according to CoreLogic.
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US buyers drive a surge in international interest for Australian property
International interest in Australian properties has seen a significant jump, with searches from overseas buyers and renters increasing in July.
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Property market delivers record profits for Australians
Australia’s property market continues to solidify its reputation as a reliable wealth-building avenue, with a significant surge in profit-making sales across the nation.
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