INDUSTRY NEWS
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Top takeaways from AREC 2023 – Day 1
More than 4000 real estate professionals packed the Gold Coast Convention and Exhibition Centre yesterday for Day 1 of AREC 2023. This year’s headline speaker was Oscar-winner and Hello Sunshine Founder, Reese Witherspoon who revealed the power of storytelling and connecting with people is the most powerful marketing tool of all, whether your in movies or real estate. Here are…
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Elite Agent timeline: What’s happening in the Metaverse?
Once a red-hot trend capturing the imagination of investors and tech enthusiasts alike, the metaverse is now experiencing a downturn in interest and demand.
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Proposed rental laws in Queensland threaten to drive landlords out of market
More than 80 per cent of Queensland landlords would consider selling their investment properties if proposed changes to rental laws come in, a new survey has revealed.
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DUO: the AI tool doing your prospecting for you
Revolutionising Real Estate: DUO Technology Powered by Propic AI Delivers Hot Leads and Transforms Sales for Agents!
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Victorian Government considering rent caps
Victorian Treasurer Tim Pallas has let slip that the State Government is considering rent caps, just days after it hit investors with new taxes set to cost thousands of dollars a year.
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Are New Zealand’s interest rate hikes over?
The New Zealand Reserve Bank has shocked economic and property experts this week, raising the cash rate 0.25 per cent while indicating the next interest rate move will likely be down.
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New Zealand homeowners feel the pain as loss-making resales spike
Properties reselling at a loss have reached a seven-year high in New Zealand as the impact of higher interest rates continues to hit homeowners.
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Victorian Budget sparks outrage: Industry bodies warns of investor exodus and soaring rents
The Real Estate Institute of Victoria has slammed the Victorian Budget as a blatant money grab that will see property investors flee the market and cripple tenants with higher rents.
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Brisbane homeowners spend the most to renovate their homes
Brisbane has emerged as the leading location in the country for home renovations, with new research finding homeowners in the Queensland capital spent $880 million on home improvements in 2022.
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First home buyers look to beat land tax deadline
First home buyers trying to avoid the new NSW Government’s reintroduction of stamp duty could risk paying too much for a home, according to a leading auctioneer.
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Surging immigration sees share of cheap rentals plummet
Conditions for renters continue to go from bad to worse, with new data showing that surging immigration has pushed the share of rentals listed for under $400 per week to fall to a record low 16.2 per cent.
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Cliff-hugging Tasmanian property named home of the year
A stunning Tasmanian home that has been labelled “a once-in-a-lifetime build”, has been named the Housing Industry Association (HIA) CSR 2023 Australian Home of the Year.
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Little town, big sensation: Victoria’s most affordable property sparks a frenzy
A derelict property in a tiny Victorian town has created a frenzy.
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90 per cent of NSW teachers can’t afford to live where they teach
The surging cost of housing over the past decade has led to teachers being unable to afford a home in the same location that they teach in according to new research.
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Call to cut refinancer stress test to let borrowers out of mortgage prison
Australia’s leading financial comparison site, RateCity, has called on the Australian Prudential Regulation Authority (APRA) to lower its stress test for refinancers.
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New study finds low interest rates lock first home buyers out of property market
Long periods of low interest rates are responsible for locking many first home buyers out of the property market, new research shows.
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Listings up 5.6 per cent compared to last year
Property listings experienced their traditional lull during April, however, in positive news for homebuyers, they are now higher than the same time last year.
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South Australia’s top performed locations likely to see more growth
The South Australian property market has defied the national downturn, with a host of well performing suburbs set for more growth, according to new figures.
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PropTech funding climate shifts as market conditions improve
The funding market for PropTech companies is experiencing a positive shift, making it easier for businesses to access capital, according to an expert.
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New social media platform Boa connects business owners
A new social media platform that will help business owners connect, network, grow their businesses and seek advice from their peers has launched.
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Is the new home sales market turning around?
New home sales have risen 6.8 per cent, with industry experts hinting the market could be starting to rebound
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ATO has rental property deductions in its sights
The Australian Tax Office (ATO) has announced it will be targeting rental property deductions and capital gains tax this tax season.
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Australian renters battle crisis-level market, compromise on property features
Australian renters have at least six rental applications in at any one time and are forced to compromise on property features in order to secure a new place to live, new analysis shows.
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Australia’s housing crisis: unmasking the real culprits and solutions
The housing crisis is the hot topic on everyone's lips, and with last week's Federal Budget, and the release of the third and final whitepaper from LongView and PEXA examining the conundrum released this week, it's not going anywhere fast.
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Private capital key to solving Australia’s housing crisis
Shared equity schemes and rental investment trusts funded with private capital offer the best chance to rectify the national housing crisis, according to new analysis released today.
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New rental listings nosedive in April
Vacancy rates may have eased slightly in April but the latest PropTrack data shows the number of new rental listings on realestate.com.au plummeted last month.
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OpenAI’s ChatGPT Plus revolutionises user experience with 70+ powerful plugins
OpenAI has unleashed a suite of more than 70 third-party plugins for its ChatGPT Plus users to visualise and analyse data, parse website content, ask PDFs questions, help them househunt and even assist them to learn foreign languages.
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Victorian tenants caught in cruel rental scams
Cunning scammers are preying on vulnerable tenants trying to find rental properties in Victoria’s tight rental market, with victims losing more than $125,000 this year, so far.
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Sydney council proposes tax on empty homes
In an effort to combat the housing affordability crisis and increase the availability of rental properties, the Inner West Council in Sydney has put forward a proposal for a tax on empty homes.
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Aussie renters feel ‘left out’ of the Federal Budget despite new housing initiatives
More than half of Australian renters say they’ve been ignored in last week’s Federal Budget, with a further 25 per cent saying the government measures aimed at fixing the housing crisis don’t go far enough.
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Rental vacancy rates show slight improvement nationally
Rental vacancy rates eases slightly across the nation in April, with Darwin the only capital city to see a drop in vacancy rates.
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Rent bidding legislation could prove problematic
Proposed legislation to eliminate “secret rent bidding” is currently before NSW parliament, but the head of the state’s leading real estate industry body fears it could be difficult to manage in practicality.
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Queensland has the nation’s most affordable suburb
Bardon, the leafy, green suburb in western Brisbane has topped a list of the nation’s most affordable suburbs.
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Gold Coast trophy home back on the market
The owners of a luxurious riverfront mansion on the Gold Coast have launched a new campaign to sell their lavish property.
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Property prices rise across regional WA, but some relief for renters
Tight supply and expensive build costs are putting upward pressure on property values across regional Western Australia.
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