INDUSTRY NEWS
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Interest rate hikes quell commercial property FOMO
The sense of urgency appears to be leaving the commercial property market as first-time buyers exit in the wake of increased interest rates.
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The Perth suburbs where houses sell in just 7 days
Perth’s property market is still experiencing a “high level of buyer demand” with a number of suburbs selling in record time.
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Vacancy rates at lowest level on record
National vacancy rates have plummeted to a record low of 1.2 per cent, while rental values have soared 2.9 per cent in the three months to June.
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REIQ concerned about “heavy-handed” changes to rental laws
The Real Estate Institute of Queensland (REIQ) fears investors may "tap out" and sell their rental properties as a result of legislation changes due to take effect from October 1.
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LJ Hooker South Coast offices ready to save a life
Ten LJ Hooker real estate offices on the NSW South Coast have been fitted with lifesaving medical equipment in a bid to reduce the number of Australians that die from the nation’s biggest killer each year - sudden cardiac arrest.
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Another cash rate hike with more to come
The Reserve Bank of Australia has warned homeowners more interest rate rises will follow as they raised the official cash rate 50 basis points, to 1.35 per cent, at its monthly meeting today.
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Top agent finds harmony in life balance
Alex Jordan is one of the highest-achieving real estate agents in Queensland and says looking after his health has been crucial to that success.
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It’s a landlord’s market: vacancy rate at record low
Australia’s rental vacancy rate is at the lowest point on record, with the market remaining firmly in landlords' favour according to the latest Domain Vacancy Rate Report.
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Australia’s housing market downturn building momentum
Adelaide is the only capital city still recording monthly property price growth higher than one per cent, with market experts tipping the rate of housing value decline will gain pace and spread further in coming months.
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Over 90 per cent of experts tip interest rates to rise in July
There’s likely to be more pain ahead for borrowers, with 91 per cent of experts tipping the official cash rate to rise tomorrow, according to a new survey.
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Mining towns back in vogue as yields hit 10 per cent
The resurgence of mining towns is back as investors again look at the potential for high capital growth and high yields.
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Market Buy hires Will Farmer to run its US operation
Market Buy has welcomed a new recruit to lead its American operation as the online offer management company ramps up its rapid expansion into the US.
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Lowest preliminary clearance rate in two years
The preliminary clearance rate has dropped to its lowest level in more than two years after auction volumes further declined this week.
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Home Guarantee Scheme expands to 40,000 places
Property market leaders have welcomed the expansion of the Federal Government’s Home Guarantee Scheme (HGS), but cautioned rising interest rates and inflation remained key issues for first-home buyers.
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Rising rates putting pressure on home prices
Brisbane property prices have fallen for the first time since April 2020, with rising interest rates dampening buyers' enthusiasm for purchasing.
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Why you need to future proof your real estate agency
Whether you have been in business for years or are thinking of starting up, managing your agency and building a valuable asset needs a solid legal foundation.
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Why sustainable homes sell faster
When given a choice, two-thirds of home buyers prefer energy-efficient homes according to new research from Domain.
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Michael Pallier selected to sell Melissa Caddick’s Dover Heights home
Michael Pallier, of Sydney Sotheby’s International Realty has been appointed to sell conwoman Melissa Caddick’s Dover Heights property.
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Nearly 13 per cent of first home buyers are considering purchasing interstate
With property prices rising faster than buyers can save, one in eight first home buyers have said they are considering purchasing a home in another state to help them get on the property ladder.
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A quarter of homes sold for more than $1 million
Almost one-quarter of all homes sold in the past 12 months have been worth more than $1 million dollars
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Property prices fuel rise in household wealth
Climbing property prices continued to fuel an increase in total household wealth in the March quarter, with wealth per capita soaring to a record high of $574,807.
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Just how at risk is Australia of falling property prices?
Australian property prices will not fall as much as they have gained in the past 12 months according to industry experts, despite a new global study saying the market is one of the most at risk in the world of dropping.
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Gold Coast developer accepts crypto as deposit on luxury apartments
A Gold Coast property developer is accepting Bitcoin as a deposit for their latest luxury apartment development.
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Virtual assistants a timesaver for agents
Not enough hours in the day? Frustrated because you really need more hands in the office but don’t have the budget?
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2021 Census: Apartment living rises but fewer homes owned outright
The way Australians live is becoming increasingly diverse, with fewer households owning their home outright and more people living in apartments, according to the 2021 Census.
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Sydney in top 10 for prime residential rent growth
Sydney has ranked fifth on a global list of cities with the highest annual rise in prime residential rents.
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How blockchain will revolutionise real estate
The Real Estate Institute of Australia has released a groundbreaking report, outlining the many use cases for blockchain in real estate and examining how it could shape the industry moving forward.
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Where are you most likely to find an energy efficient home?
Energy prices are on the move and although a crisis of widespread blackouts looks to be averted for now, longer term, having an energy efficient home is going to become increasingly important. So, are we seeing more energy efficient homes? And in what suburbs are we seeing more of them?
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Melbourne named Australia’s most liveable city
Melbourne has been named Australia’s most liveable city and number 10 in the world, while other state capitals have tumbled down the rankings.
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ANZ and Westpac lift fixed rates again
ANZ and Westpac have again hiked the interest rate on their fixed rate loan products.
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Mortgage holders to ‘grit their teeth’ and absorb interest rate hikes
As interest rates look set to keep on rising, over five million Australians are likely to be impacted by the higher cost of living and could experience mortgage stress, according to data.
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Drop in auction volumes sees clearance rate rise
Auction volumes fell across the combined capitals this week, largely driven by a drop in properties going under the hammer in Melbourne.
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MoneyMe revamps ListReady for agents
Digital lender and non-bank challenger MONEYME (ASX: MME) has revamped its ListReady product for real estate agents, in a bid to create a more seamless process that allows them to focus on what they do best, while empowering sellers in a shifting market.
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The blueprint for becoming a million dollar agent
Are you ready to step up your real estate game, target the 2022 consumer, make more money and become a listings machine, all while building your profile and reclaiming your time?
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Regional NSW and QLD desperate for more rental stock
Several regional areas across NSW and QLD are facing a dramatic undersupply of rental properties as falling vacancy rates and rising rents put pressure on low-income earners.
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