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Real Estate News
No summer slowdown for auctions
As the property market gears up for another Super Saturday of auctions, data indicates November proved the busiest auction month on record
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Real Estate News
Key number indicates a busy 2022 for real estate
The real estate industry could be in for a busy New Year, with Domain reporting increased appraisal volumes across the country as sellers ponder the prospect of taking their property to market in 2022.
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INDUSTRY NEWS
Double digit-growth boom for regional housing markets
Regional Australia is continuing to witness house value increases that outpace the capitals, with the best performing regions enjoying an annual rise of more than 30 per cent.
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Elite Agent
Behind the scenes: How a $35 million-plus property sold in four days
Selling a property for more than $35 million in just four days might seem like a whirlwind feat, but as sales agent and The Agency co-founder Steven Chen explains, it’s years of experience and hard work behind the scenes that goes into a sale of this nature.
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Real Estate News
Why you need a whole lot more in the bank to buy a luxury property in Australia
Forget the million dollar price tag for a prestige property, $4 million is the new $1 million, according to Ray White’s Nerida Conisbee. In a recent look into the luxury property market, Ms Conisbee noted the sector was among the beneficiaries of the pandemic. And, like other areas, it was being driven by low interest rates, high savings, more time…
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Real Estate News
The busiest auction week on record
This week proved the busiest auction week on record with 4261 properties going under the hammer across the combined capitals.
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INDUSTRY NEWS
How NZ’s cash rate rise will impact the property market
Experts tip the latest NZ cash rate increase isn't the last hike the RBNZ will announce, and that is likely to impact the property market.
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INDUSTRY NEWS
How big is the gap? How rising house values compare to wage growth
House values have risen at more than double the rate of wage increases over the past two decades, according to recent analysis by CoreLogic.
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INDUSTRY NEWS
Why Australia’s largest property data provider just purchased RiTA by AiRE
Real estate digital assistant RiTA and the AiRE software company that powers her have been acquired by CoreLogic.
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INDUSTRY NEWS
Why airspace could be the big real estate trend of the decade
Where would Australia’s major capitals house an influx of new residents? According to strata property development specialist Warren Livesey, the answer could be airspace.
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Real Estate News
PropTrack data shows just how hot the market is right now
REA's PropTrack has released its market outlook for November, noting listing volumes increased across the country throughout October while property prices also continued to rise.
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Real Estate News
Fifth busiest auction week on record
The combined capital cities have enjoyed their busiest auction week since late March and the fifth busiest since CoreLogic records commenced in 2008, with 3725 properties going under the hammer.
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Real Estate News
McGrath on track for stellar half-year
The McGrath Group has released a trading update, indicating the group expects to enjoy net earnings of between $10 million and $11 million for the first half of the 2022 financial year.
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Real Estate News
APRA tells standing committee its role is not to target house prices
The Australian Prudential Regulatory Authority (APRA) has appeared before the Standing Committee on Tax and Revenue, outlining its role in the financial regulatory system.
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Real Estate News
Auction volumes up 79.4 per cent since early October
High auction volumes continued this week, rising 8.2 per cent on the week prior to see 3562 properties go under the hammer. CoreLogic tips this weekly increase in volumes is likely to continue now lockdown restrictions have eased in Sydney, Melbourne and Canberra, with auction volumes increasing by 79.4 per cent since the first week of October. “With each week…
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Real Estate News
Average NZ home value tops $1 million
Lockdowns have done little to dampen buyer demand in New Zealand where house values have reached a new high.
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THE ELEVATE PODCAST
Proactive not reactive: Ryan Mitchell on rent roll growth, consistent communication and what it takes to be property manager of the year
Raine & Horne Kurri Kurri co-director Ryan Mitchell never expected to take out a national award for Property Manager of the Year.
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INDUSTRY NEWS
HomeBuilder legacy lives on in record number of houses being built
The legacy of the HomeBuilder initiative lives on, with a record number of houses commencing construction in the recent June quarter.
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INDUSTRY NEWS
New listings across the capitals reach highest number on record
New listings across Australia’s capital cities reached a record high in October, with sellers flocking to the market due to eased restrictions.
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Real Estate News
Rise in listings and auction volumes as Spring comes to an end
Domain’s latest weekly property report has revealed a rise in listing and auction volumes as spring draws to a close.
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INDUSTRY NEWS
Are we in a housing bubble? Nerida Conisbee offers her thoughts
Ray White Chief Economist Nerida Conisbee offers her perspective on whether or not the current high prices represent a housing bubble
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Real Estate News
Clearance rates begin to fall as auction volumes remain high
Auction volumes remain high with 3276 homes taken to auction across the combined capitals this week, resulting in a preliminary clearance rate of 76.1 per cent. CoreLogic has reported that continued high volume has led to a steady decline in the clearance rate over recent weeks, with the success rate trending lower since its peak of 83.2 per cent on…
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Real Estate News
Industry offers recommendations to address housing supply
Both the Real Estate Institute of Australia and the Property Council have offered their take on how to address Australia’s housing supply shortage.
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THE ELEVATE PODCAST
Ecosystem of excellence: Dean Mackie on what it takes to be the agency of the year, getting the basics right and leadership with purpose
As the CEO of DiJones, Dean Mackie knows he’s responsible for a legacy. His name may not be on the door, but as the brand prepares to turn 30, he is the custodian of its future.
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INDUSTRY NEWS
RBA keeps cash rate on hold but rise likely in 2023
Despite a rise in inflation, the Reserve Bank of Australia has again opted to keep the official cash rate on hold at 0.1 per cent, issuing an optimistic forecast for the economy over the coming months.
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Real Estate News
Clearance rate slips below 80 per cent as auction volumes surge
This week again proved busy for auctions, with CoreLogic tracking 3524 auctions across the major capitals.
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Elite Agent
Second busiest auction week of the year as 3033 properties go under the hammer
This week proved the second busiest auction week of the year, with CoreLogic reporting a preliminary clearance rate of 81 per cent after 3033 properties went to auction across the combined capitals.
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INDUSTRY NEWS
REIA releases policy agenda ahead of upcoming Federal Election
The REIA has set out the policies it believes the government needs to address on behalf of the industry in the lad-up to the Federal Election.
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Real Estate News
Auction volumes rising as clearance rate tops 80 per cent
Auction volumes are continuing to increase, with CoreLogic reporting a preliminary clearance rate of 81.8 per cent after 2920 properties were taken to auction across the combined capitals.
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INDUSTRY NEWS
REINSW answers the big questions on real estate’s roadmap to reopening
The Real Estate Institute of NSW (REINSW) has sought to clarify some of the confusion as the industry returns to work after prolonged lockdowns.
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Real Estate News
RBA expresses concerns over excessive borrowing
The Reserve Bank of Australia (RBA) has outlined its concerns about the risk of excessive borrowing, noting if house prices declined or interest rates increased in the longer term, everyday Australians could be in for a rough ride.
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INDUSTRY NEWS
Over 80 per cent of auctions successful in all capitals
Every capital has reported a preliminary clearance rate of above 80 per cent this week as auction volumes rise across the country.
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INDUSTRY NEWS
High Court dismisses appeal over real estate restraint of trade
A legal case that serves as a warning for both real estate business owners and employees has come to a conclusion, with the High Court dismissing an agent’s final appeal over restraint of trade and confidential company information.
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INDUSTRY NEWS
Value of Australian housing market surpasses $9.1 trillion
The value of the Australian housing market has increased more than $1 trillion in the past five months, hitting a new record of more than $9.1 trillion in September.
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INDUSTRY NEWS
National rental vacancy rate clocks up its fifth month at just 1.7 per cent
The national vacancy rate remains low, clocking up its fifth consecutive month at just 1.7 per cent, according to new data released by Domain.
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