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The Latest Breaking News from Domain

Selling a house in Australia is expensive. The ACCC is investigating one reason why

News Corp’s REA Group, behind real estate listings site realestate.com.au, is being investigated by the consumer watchdog amid complaints over its market dominance

The Guardian - AU

Million-dollar homes here to stay in record five cities

The supply of homes is increasing but prices are still at record highs, with $1 million properties the norm facing buyers in a record five Australian cities.

AAP

Soaring rents slow down as tenants pushed to the brink

Rents remain at record highs in every capital city despite a slowdown in price growth, says a report that finds low supply leaves landlords with the upper hand.

AAP

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‘Australia is a landlord’s market’: rents still at record high despite slow growth, report shows

Kingsford Smith, Bradfield, Sydney and Warringah in New South Wales and Fadden in Queensland are the five most expensive electorates, data shows

The Guardian - AU

Global uncertainty played a role in rate cut: RBA

Slowing inflation helped convince the Reserve Bank to cut rates at its last meeting but uncertainty over tariffs was also a factor, the deputy governor says.

AAP

Even though the offer is a serious play, Nine probably doesn’t want to sell Domain

US property conglomerate CoStar offered $4.20 a share, valuing the Domain business at $2.7bn – but sometimes silence speaks louder than words

The Guardian - AU

Domain Holdings mulls $2.7b takeover offer from US firm

Nasdaq-listed CoStar Group has offered $2.65 billion for Domain, while Mayne Pharma will be acquired by US-based Cosette Pharmaceuticals for $672 million.

AAP

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'Year of the unit': cost squeeze drives homebuyer shift

Rising unaffordability and changing lifestyles are driving an unusual turnaround in real estate dynamics as unit prices grow faster than houses in some areas.

AAP

Buyer's market: 2025 to bring relief to home buyers

A major pullback in house price rises has not stopped the market from extending its growth streak to eight consecutive quarters.

AAP

Where home prices are expected to grow fastest in 2025

Australian property values are set to keep rising over the next 12 months but controversial tax changes are helping keep one state's home price growth in check.

AAP

The Block’s Jesse & Paige Reveal On IG They Eloped In Paris After Calling Off Their Wedding

Congrats...?

Pedestrian.tv

NSW housing minister defends ‘garbled’ radio remarks on cost of renting in Sydney

Rose Jackson says answer given during ‘hard’ live ABC radio interview pertained to what she thought people should pay, not what they paid on average

The Guardian - AU

Real estate listing gaffe exposes widespread use of AI in Australian industry – and potential risks

Industry expert says technology is already so advanced it is ‘almost science fiction’ and ‘ethical questions need to be asked’

The Guardian - AU

'Everything points to a slowdown': property loses heat

House and unit prices may have found new record highs but interest rate cautiousness has tempered the pace of growth.

AAP

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The Guardian - AU

Australia’s steepest and longest rental surge in history may be nearing end, figures show

Annual growth is at multi-year lows in Sydney, Melbourne, Brisbane, Perth and Adelaide, suggesting the stretch of rent rises may have peaked, Domain says

The Guardian - AU

‘The bear at the door’: estate agents say they fear speaking out about realestate.com.au ‘price gouging’

Multiple agents have told the Guardian that the News Corp-controlled property portal’s dominance has allowed it to quiet critics and aggressively hike prices

The Guardian - AU

The ‘symbiotic relationship’ that makes selling a house in Australia so damn expensive

Dimitri Chrisis thought he would save money by ditching his real estate agent, but instead it meant the advertising campaign on his suburban home would cost thousands more

The Guardian - AU

Nine executives’ bonuses take a hit as profits plummet 31% in soft ad market

Drop in revenue in broadcasting and publishing partly offset by increase in income from Stan and Domain

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AAP

Gen X, older millennials ride housing boom to the bank

Older millennials and generation X are among the biggest winners from Australia's real estate boom as profits from sales hit their highest level in 10 years.

AAP

Queensland real estate market set to rebound: Domain

Domain CEO Jason Pellegrino says Queensland's property market has shown signs of accelerating after a poor showing in 2023/24.

AAP

Renter relief finally hits with more cooling in sight

After months of fast-rising rents, momentum is starting to tip in favour of tenants as more homes become available.

AAP

Australian house prices expected to spike again

Australian home prices are set to hit new heights as population growth, construction challenges and borrowing power hits the market.

Pedestrian.tv

How Much Rents Skyrocketed In Australian Capital Cities In The First Quarter Of 2024, Revealed

Here's how much the median rent for a house and apartment is in every capital city in Australia after the first quarter of 2024.

Newcastle Herald

Next steps in building real estate superstore

A number of key appointments have been made to the growing business.

The Guardian - AU

Afternoon Update: new search for Samantha Murphy; devastating Great Barrier Reef damage; and when parents are bad sports

Search in Enfield state park, 25km south of Ballarat, follows new intelligence ‘derived from a number of sources’, police say

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