INDUSTRY NEWS
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Growing your business isn’t all about digital
It’s easy to get bogged down and overfocused on digital platforms, including digital marketing and social media, when it comes to business growth.
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More Perth suburbs join the million-dollar club
Strong price growth across the upper end of the Perth market has seen eleven new suburbs join the million-dollar price bracket for the first time.
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Sydney properties top the international waterfront index
Luxury waterfront properties in Sydney command the highest premiums in the world, with the Harbour City taking out top spot in this year’s international waterfront index.
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How the Ray White business continues to innovate and evolve
The fourth-generation custodians of the Ray White group of businesses have offered an insight into how they approach growth and innovation in a family enterprise that dates back 120 years.
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Day 2 of Ray White Connect brings the big keynotes and the creativity
Almost 3000 agents came together for Day 2 of the Ray White Group’s Connect conference on the Gold Coast yesterday. Elite Agent Managing Editor Samantha McLean went along for the ride and walked away with a series of top takeaways you can implement in your business.
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Time to grab a bargain in our most expensive suburbs?
You may have a little bit of luck in Sydney and Melbourne, but elsewhere prestige is still recording price rises. Interest rates are on the move, prices are slowing but at a suburb level we are yet to see much evidence of widespread declines in prices. So much so that only 1.5 per cent of Australian capital city suburbs have…
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Three-quarters of Aussie borrowers have had their interest rates increased
Australian borrowers have felt the pinch of rising interest rates with 77.1 per cent of mortgage holders already experiencing a rate hike, according to a new survey.
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Virtual assistants reduce the load on property pros
Real estate industry technology has evolved substantially in recent years, but the issues agencies face have not, according to tech and outsourcing expert Tiffany Bowtell.
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Australia’s very own Schitt’s Creek hits the market
If you’ve ever dreamed of owning your own town, just like the Rose family's infamous purchase in the hit TV show Schitt’s Creek, then you might have your opportunity with the small Victorian town of Coopers Creek hitting the market.
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Top takeaways from Ray White Connect 2022
More than 2800 agents have come together on the Gold Coast as the Ray White Group celebrates its 120th anniversary and the first Connect conference since the start of the pandemic.
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Ray White returns to ‘The Shed’ to celebrate 120 years
Almost 300 Ray White members and their families have attended the Ray White Group's The Shed Open Day to celebrate 120 years of the leading brand on the site where the agency started.
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New tenancy laws could prove problematic for Queensland landlords
The Real Estate Institute of Queensland (REIQ) has pushed back against State Government changes to rental laws, which could see landlords “inherit a tenant for life”.
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Australian property market turns “multi-speed”
The Australian property market has turned “multi-speed”, with different markets growing at different rates according to a new report.
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Quiet auction week sees clearance rate increase
It was the quietest auction week since mid-June, with 1471 homes auctioned across the combined capitals this week to return a preliminary clearance rate of 59.5 per cent.
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New building and construction solutions needed to address rental crisis
Better design, improved construction practices and new rental models could alleviate the risk of rental stress according to urban research experts.
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National vacancy rate drops to a record low
The national vacancy rate has tumbled to a record low, dipping under 1 per cent and heaping more pressure on tenants already struggling with rising rents.
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Falling investor lending to put pressure on renters
The rate of growth of new home loans to investors is slowing which could make it harder for tenants to find rental properties according to an expert.
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Fairlight cottage tipped to go from $3000 to more than $3 million
A Circa 1910 cottage that cost just $3000 about 60 years ago is now on the market with a price guide of $3.7 million.
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Perth defies national trend as house prices continue to rise
Perth property prices have been able to buck the national trend and record a rise in values last month.
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New home loan values fall as interest rates rise
Rising interest rates are seeing homebuyers less willing to borrow, while at the same time house hunters are seeing their borrowing capacity slashed.
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New Zealand property prices fall at fastest pace since the GFC
Property prices across New Zealand have continued to fall, with the rate of decline now at the same level as seen during the Global Financial Crisis.
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Lenders pricing for risk with rate discounts
Lenders are rewarding borrowers with lower Loan to Value Ratios (LVRs) by offering reduced interest rates.
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Another rate hike to curb the highest inflation in three decades
The official cash rate is now 1.85 per cent after the Reserve Bank of Australia opted to raise interest rates a further 50 basis points at its monthly meeting today. The increase marks the fourth consecutive month of interest rate hikes as the RBA seeks to moderate inflation that is now the highest it has been since the early 1990s.…
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South Australian property continues to buck the trend
The South Australian property market continues to show “resilience”, extending its record-breaking run of quarterly price increases.
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Don’t let FOMO ruin your home time
How many times have you said: “I wish I could turn off the phone after hours but just can’t risk it”?
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Renters being forced to give up pets to find a home
Renters are being forced to choose between keeping their pets and being able to find a place to live, with hundreds giving up their pets each year.
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Another big name signs on to use Propic AI technology
One of Australia’s best real estate agents, Vivien Yap, will introduce Propic Artificial Intelligence technology to meet her clients’ expectations for 24/7 customer service.
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ANZ cuts new customer variable rates by up to 0.50 per cent
Despite the Reserve Bank of Australia hiking the official cash rate and fixed rate loans rising, ANZ has come out and cut new customer variable rates by up to 0.50 per cent.
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WA investors to sell up if tenancy laws change
More than half of WA property investors would consider selling their rental properties should significant changes be made to WA tenancy laws.
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Third week of increasing auction volumes
Auction activity has risen for the third consecutive week, with 1909 properties taken to auction across the major capitals to return a preliminary clearance rate of 58.8 per cent.
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Units outperform houses as buyers hunt for value
Buyers are on the lookout for more affordable housing options as rising interest rates make units more appealing.
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RBA a “near certainty” to raise rates next week
Australia’s hottest rate of inflation in 21 years means the Reserve Bank of Australia is a “near certainty” to hike the official cash rate 0.5 per cent on Tuesday, according to experts.
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Home prices to fall 5 per cent by end of the year
Rising interest rates could see property prices drop by up to 5 per cent between now and the end of the year, according to a new report.
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Regional property price boom is not done yet
Regional cities like Albury-Wodonga, Tamworth and Bundaberg could continue to experience price growth despite the national property downturn.
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New Zealand property prices face a test as interest rates rise and sales volumes fall
The New Zealand property market is going to face a “test” as rising interest rates and a wave of refinancing jolt the market in the next 12 months.
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