INDUSTRY NEWS
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Discovering the power of saying ‘no’ and living in the present moment: a journey of hope and charity
Learning to appreciate the present moment, zeroing in on what’s truly important and not putting all of your eggs in one basket are just three of many lessons Hayley Mitchell and John McSpedden took away from the most recent Digital Live Charity Ride in Thailand.
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Is another interest rate pause on the cards?
Inflation in Australia continues to fall, sparking hopes of a second consecutive interest rate hold next week.
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Two-speed demand splits rental market
A two-tiered rental market is appearing, with demand for rentals in capital cities soaring while in regional areas it is falling dramatically.
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Privacy webinar to get frontline professionals up to speed
To mark Privacy Awareness Week, O*NO Legal - The Real Estate Agents’ Lawyer has redesigned its highly popular, free privacy webinar to help frontline real estate professionals who deal with personal information.
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New data proves rent bidding occurs and new tenants more likely to see rent rises
In the past year, rents have increased for almost three-quarters of rental properties, up from about one-quarter each year pre-pandemic, according to a new report built on data from MRI Software.
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Half of households dip into savings to pay the bills
Households are being forced to dip into their nest eggs and even their kid's savings to try and cover the surging cost of living.
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Regional areas and high-end Sydney suburbs lead the bounce back
Affordable regional areas and high-end Sydney suburbs dominate the list of locations experiencing a market bounce back, according to new research.
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Byron Bay and Bright hotspots for capital growth
Would-be vendors in popular holiday destinations such as Byron Bay and Bright could be sitting on capital growth in excess of $2 million.
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RBA to undergo massive shake-up after review
The Reserve Bank of Australia will undergo a major shake-up that will see the governor hold a press conference after each meeting on interest rates to explain the decision to mortgage holders.
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The Queensland regions where homes are under $500,000
Despite surging immigration and tight supply, it’s still possible to find a home in Queensland for under $500,000, according to an expert.
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House hunting just got smarter: AI Dream Home helps buyers bring their imaginations to life
US-based listings portal realtor.com has unveiled an innovative, AI-powered property search platform that allows buyers to render their ideal home.
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Young Australians left with just $13 a day as rents soar
Students and young Australians are being hit hard by the ongoing rental crisis, with new data showing that they are being forced to live on a “ridiculous” $13 a day.
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The top 8 TED Talks you absolutely must watch
Having an 'always learning' philosophy will take you far.
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Essential workers paying two-thirds of their income on rent
Soaring rents across the country are hitting essential workers hard, with a new report finding they are paying two-thirds of their income on rent.
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Is the shine starting to come off Airbnb?
The lustre of the short-term rental platform, Airbnb is starting to wane with a new report showing superhosts are leaving and starting their own platforms.
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Queensland’s ‘death by a thousand cuts’ – rental reforms could kill investment
The Queensland Government’s “constant onslaught” of legislative intervention in the state’s rental sector could “kill off” investment, according to the Real Estate Institute of Queensland (REIQ).
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New dwelling commencements near decade low
New home starts across the country declined last quarter as the industry worries that a lack of new supply in the pipeline will exacerbate the housing crisis.
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Victorian property prices starting to stabilise
The pace of Victoria's property price decline has slowed, with new data showing values are stabilising.
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Rentals snapped up in record quick time
Rental properties are once again being leased at record fast rates.
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The real estate downturn hits the Metaverse
A couple of years ago the Metaverse was hot property, but just like in the real world, virtual real estate is also in decline.
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ANZ: Interest rates won’t rise again until August
One of Australia’s biggest banks has listed August as the next month when interest rates will rise, forecasting a 25 basis point hike.
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Hobart records the highest price growth over the past 20 years
Sydney and Melbourne are regularly in the real estate headlines, but it’s a much smaller capital city that has come out on top as recording the best median house price growth over the past 20 years.
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Interest rates and population growth lead to extreme property price swings
Falling interest rates, a rising population and demand for better-quality homes are some of the main reasons for the large swings in home prices across New Zealand according to a new paper.
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Perth rent rises a “certainty” amid tight supply
Rents have jumped 17 per cent across Greater Perth since April 2022, with house price rents in Morley and Scarborough the hardest hit.
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Are the proposed Privacy Act recommendations a regulatory overreach?
The Real Estate Institute of Australia (REIA) has called on Attorney General Mark Dreyfus to keep the Privacy Act small business exemption, saying it would be “regulatory overreach” if it were removed.
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The Aussie real estate magnates among Forbes’ top billionaires
Eight Australia real estate and property development magnates have made Forbes’ annual World Billionaires List for 2023.
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Sydney ranks 6th for luxury property rental growth
Prime rents in Sydney surged 6.7 per cent in 2022, placing the city at number six on the list of luxury property markets.
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New laser beam technology to improve building inspections
Building inspectors could soon be shooting laser beams in a bid to create faster and more effective inspections for buyers, according to new research.
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March was the busiest month for new listings since May
Sellers have slowly started to return to the property market with new listings rising 10.5 per cent in March.
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5000 rental properties lost to the WA market in the past 12 months
The number of rental properties in WA continues to fall as investors flee the state after a number of tough years.
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The top reasons buyers re-list within two years
Job relocation, financial stress and lifestyle changes, such as having a baby, are among the top reasons why homeowners re-list their properties within two years, a new study has revealed.
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New Zillow filter helps buyers stay on budget
US-based real estate marketplace Zillow has launched a new search tool that enables buyers to look for properties based on what they can afford to pay per month.
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Premium Sydney suburbs recovering the quickest
The Sydney suburbs that recorded the biggest price falls last year are the same ones that are leading the charge now that the market is recovering.
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Build-to-rent could boost housing supply by 150,000
Cutting government taxes on build-to-rent developments could lead to an increase of 150,000 new rental properties over the next 10 years, according to a new study.
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Ryan Serhant expands into six new markets
While other US brokerages have been cutting back amid a widespread market slowdown, celebrity agent Ryan Serhant has been busy expanding.
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