INDUSTRY NEWS
-
Social housing and investor reforms urgently needed
The government needs to focus on building more social houses, eliminate policies like negative gearing and coordinate national rental reform to help address the housing crisis in Australia.
Read More » -
Sydney records the highest prime rental growth in the world
Sydney has once again recorded the highest annual prime rental growth across 15 of the world’s leading cities.
Read More » -
AI Powered Agents Course Goes National with Real Estate Institute Partnerships
In partnership with the Real Estate Institute of Tasmania (REIT), Real Estate Institute of the Australian Capital Territory (REIACT), Real Estate Institute of Queensland (REIQ) and Real Estate Institute of Victoria (REIV) the course will be offered across Australia from August 29 to equip real estate professionals with essential AI skills.
Read More » -
Home buyers make offers after just 20 minutes
Home buyers in the UK, are spending less than 20 minutes looking at a home before putting in an offer according to new research.
Read More » -
Senate launches enquiry to examine first home buyer finance
The Senate has voted to begin an inquiry examining the impact of Australia's financial regulations on home ownership, with a focus on improving access for first-time buyers.
Read More » -
Domain reports solid jump in revenue and profit
Domain has reported a “strong” set of financial results for the 2024 financial year, with revenue increasing 13.1 per cent to $391.1 million, while net profit increased 27.9 per cent to $49.4 million.
Read More » -
Record number of suburbs join Perth’s million-dollar club
Perth's property market continues to break new ground with a record 30 suburbs joining the million-dollar club in the 2023-24 financial year.
Read More » -
Spring selling favours vendors in Adelaide and Perth
The upcoming spring selling season is expected to be particularly good in Adelaide and Perth as vendors cash in on high prices.
Read More » -
NAR facing lawsuit over access to listing platform
Beleaguered NAR has been hit with another lawsuit, however, this time it’s aimed at the industry requiring agents to be members to access their real estate listing platform.
Read More » -
Harcourts bids big for mental health with Blue Friday auctions
Harcourts Australia is getting ready to paint the country blue, with its nationwide auction event to raise money for mental health and wellbeing charity Beyond Blue.
Read More » -
Laing+Simmons trains property managers with crime-solving skills workshop
Laing+Simmons has collaborated with team building and communication experts, Crime Story, in a unique training session to equip their property managers with crime-solving skills that transfer to their daily real estate roles.
Read More » -
Steve Mutton returns to Ray White
Steve Mutton has returned to Ray White to join forces with Scott and Grant Burgess on the Gold Coast.
Read More » -
Buyers’ optimism grows, but affordability challenges slow property searches
Prospective buyers feel positive about entering the property market, but once the house hunt starts, affordability challenges mean it takes longer to find a home than first desired.
Read More » -
Housing affordability remains challenging in New Zealand
Housing affordability in New Zealand continues to be strained despite weaker property prices and rising incomes.
Read More » -
Grant Hackett: Focus on purpose and meaning to succeed
If you want to succeed in real estate or sports you need to focus on finding your purpose and meaning.
Read More » -
Buyers find more options as property supply rises
Properties will need to be priced right coming into the spring selling season, with the latest data from Domain showing momentum is swinging towards buyers.
Read More » -
Nationwide workshops to shape future of property services qualifications
BuildSkills Australia (BuildSkills) will hold consultation workshops around the country as part of qualification reform in the property services industry.
Read More » -
One-minute data: Rental vacancy rate stabilises as investors return
The national rental vacancy rate held steady at 1.42 per cent in July, with some cities seeing improved conditions.
Read More » -
Construction costs spike again, driving property prices to new heights
Last year, it looked like the rapid rise in construction costs had come to an end.
Read More » -
Angela Limanis on breaking barriers: How women can succeed in auctioneering
Not letting your fears outweigh your passion for real estate is the key to more female agents taking up auctioneering, according to Angela Limanis.
Read More » -
Kolmeo’s new platform to deliver smart, on-demand services for tenants and landlords
Property management software provider Kolmeo has launched an innovative new platform for its subscribers aimed at helping them meet their tenant and landlord needs and create an extraordinary customer experience.
Read More » -
One-minute data: Perth’s rental market shows signs of easing
Perth's rental market is showing slight signs of easing, with the vacancy rate inching up in July.
Read More » -
Buyers cautious with economy stuck between a ‘rock and a hard place’
The Australian property market is currently mixed with the economy trapped between a ‘rock and a hard place’ and buyers are becoming more cautious according to a new report.
Read More » -
REA Group reports revenue and net profit surge
REA Group has reported strong financial results for the year ended June 30, 2024, with revenue up 23 per cent and net profit climbing 24 per cent year-on-year.
Read More » -
Ex-partners forced to live together to save money
Almost one in five Australians have been forced to remain living with an ex to save money on housing costs.
Read More » -
Population growth puts renters under extreme pressure
Surging population numbers are continuing to drive the rental crisis and politicians will need to answer for policies that continue to drive up house prices according to a new report.
Read More » -
Geoff Lucas contract terminated with The Agency
The Group Chief Executive Officer and Managing Director of The Agency, Geoff Lucas, has had his contract with the company terminated.
Read More » -
Laing+Simmons Young Property: where art, charity, and community meet
Laing+Simmons Young Property isn’t just a real estate agency, it’s a community hub, a centre for people to come together, a champion of local artists and a philanthropic venture that has donated tens of thousands of dollars to charity.
Read More » -
Monthly rental growth hits lowest rate in four years
The Australian rental market has experienced its slowest growth in four years, with new data showing a modest 0.1 per cent increase in national rents during July.
Read More » -
NSW to ban background check fees for renters
The NSW government is set to ban fees charged to prospective tenants for background checks when applying for a rental property.
Read More » -
New Zealand property profits plunge to lowest since 2015
The proportion of properties selling for a profit in New Zealand has hit its lowest level since 2015.
Read More » -
International student caps not enough to free up housing
Universities across Australia could soon face new regulations limiting their international student enrolments to a maximum of 40 per cent - but it may not be enough to ease the housing crisis.
Read More » -
RBA keeps interest rates on hold at 4.35 per cent
The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent at its August 2024 meeting, but stressed that monetary policy will need to be “sufficiently restrictive” until it is confident inflation is moving sustainably towards the target 2-3 per cent range.
Read More » -
One-minute data: Perth unit prices match 2014 peak amid soaring demand
Perth's property market is heating up, with unit prices reaching a decade-high milestone.
Read More » -
Sydney cottage sold for $1.5 million after legal battle over squatter’s rights
A small fibro cottage in Sydney’s south recently sold for $1.5 million, but the property’s history is anything but ordinary.
Read More »