INDUSTRY NEWS
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The worst is yet to come on interest rates and the economy: Treasurer
Federal Treasurer Jim Chalmers has warned homeowners there will likely be more pain ahead as interest rate rises start to weigh on the economy.
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Grow your rent roll with levelled up listings
Property managers have always been amongst the hardest workers in the room. Landlords expect great results in short timeframes, but are also looking for the cheapest possible prices, meaning PMs often have to compromise on using the best quality tools and services.
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Adelaide land prices climb north of $200,000 for the first time
Adelaide real estate continues to be among the strongest in the country, with the value of land now surpassing $200,000 for the first time.
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First-home buyers quietly returning to the market
Despite rising interest rates, first home buyers appear to have passed “peak pessimism” and are slowing returning to the New Zealand property market, according to new data.
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US home mortgage rates top 6 per cent for the first time since 2008
Mortgage rates in the US have hit their highest level since 2008, as the popular 30-year fixed rate loan has now topped 6 per cent.
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Former REA Group CEO Tracey Fellows retires
Former REA Group Chief Executive Officer Tracey Fellows has announced her shock retirement.
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New PMVA menu serves up office efficiency
Do you need help advertising a property? What about organising inspections or onboarding a new tenant?
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Big banks tip cash rate to hit 3 per cent
On the back of the latest Reserve Bank of Australia (RBA) cash rate hike, Australia’s major banks are now expecting more pain ahead for borrowers, with another hike of between 0.25 and 0.5 per cent predicted next month.
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A scroll through Melbourne’s most popular streets
Outer suburb Melbourne McMansions have dominated Victoria’s buyer interest over the last three years according to realestate.com.au.
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International buyers return to luxury property markets
With travel restrictions continuing to ease by the day, international buyers have returned to hunting for luxury property in many of the world's most exclusive markets.
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Rising rates to continue to weigh on property markets: RBA
Rising borrowing costs will likely see property prices fall, however, the magnitude and timing is unclear according to the RBA.
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Agent hits ground running with morning workout
Real estate sales professional Angela Stergou prepares for the day ahead with a 30-minute workout every morning.
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Clearance rate rises as auctions enjoy their busiest week since June
Spring selling season is under way in earnest with this week proving the busiest auction week since June while the preliminary clearance rate climbed to its highest point since May.
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Building high-quality housing doesn’t make older properties more affordable
Filtering, the process of building new high-quality homes for higher income earners, doesn’t necessarily make older homes more affordable according to new research.
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Property values fall in 80 per cent of New Zealand suburbs
Property prices across New Zealand continue to soften with values down in more than 80 per cent of suburbs according to new data.
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Rent roll values rise across the eastern states
The median value of a rent roll across Australia’s eastern seaboard has risen to $470,657, new data from a specialist rent roll broker shows.
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The pitfalls of buying and selling a rent roll
Buying a rent roll can be risky, but only if you don’t have all the necessary information before making your decision, according to O*NO Legal founder Kristen Porter.
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Busiest winter for new listings in five years
Listings are beginning to pick up across the country, ahead of the typically busy spring season.
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Sydney’s Annandale Abbey back on the market for $15 million
One of Australia’s finest heritage homes, Annandale Abbey, is back on the market for $15 million.
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Andreessen Horowitz officially invests in real estate startup Flow
Venture capital firm Andreessen Horowitz has officially taken a stake in Flow, the real estate startup founded by WeWork’s Adam Neumann.
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AI tech that assists agents in qualifying buyers
Buyer management is in the spotlight as the needle shifts on buyers this Spring selling season. The common way of qualifying buyers, via phone call, is working, but is it scalable?
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Sydney’s top-performing suburbs over the past year
Despite property prices trending lower across Sydney, there are still a number of suburbs that continue to perform strongly according to new analysis.
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REIA: housing affordability drops further
Housing affordability has continued to drop with the proportion of income needed to meet mortgage and rent payments rising in the June quarter.
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Brisbane’s rental crisis putting vulnerable renters at risk
The rental crisis in Brisbane is leaving many vulnerable and low-income earners at risk of homelessness according to an expert.
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Big banks increase mortgage rates again
All four major banks have passed on the full 50 basis point interest rate increase, while once again savers have missed out.
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Fixed-rate mortgage bomb set to go off
Thousands of borrowers on fixed-interest home loans are facing an interest rate “cliff” and could be plunged into mortgage stress by the end of the year.
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$8 million double apartment sale in The Horizon breaks records
A double apartment in Sydney’s The Horizon tower has sold for a record-setting $8 million.
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Cloudstaff launches dedicated property division for the Australian market
Cloudstaff, the Australian-headquartered remote staffing platform, has announced the launch of a dedicated division to service the Australian real estate market.
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Auction volumes increase with a bumper week tipped to come
Auction volumes inched higher this week as spring selling season hits its stride, with CoreLogic predicting next week could see the busiest auction week since June this year.
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Trading up is getting easier in New Zealand
Upgrading your home is gradually getting easier across New Zealand, with new data showing the premium to trade-up is on the decline.
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Risky lending falls as tough APRA rules kick in
The value of risky mortgages continues to fall after tough new rules from the Australian Prudential Regulation Authority (APRA) start to take hold.
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A unique spring selling season on the horizon
Despite the arrival of the spring season, sales activity is expected to be a little different this year as mortgage rates, weak consumer sentiment and stretched household budgets begin to bite.
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Mortgage anxiety rises as the RBA continues to hike the cash rate
Rapidly rising mortgage rates could leave borrowers in serious financial trouble with new research finding two-thirds of homeowners may default as a result of the increased cash rate.
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Season 3 of Luxe Listings Sydney promises to be the biggest and best yet
When Monika Tu was invited to join the inaugural season of the hit Amazon Prime TV show Luxe Listings Sydney she initially said no.
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Government flags incentives for pensioners to downsize
The Federal Government is seeking to address the issue of housing supply and affordability by giving pensioners more incentives to downsize.
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