INDUSTRY NEWS
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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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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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