Real Estate News
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Build-to-Rent faces global challenges
The Build-to-Rent (BtR) sector in both the UK and Australia is playing an increasingly crucial role in addressing housing shortages.
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Victorian government to release record amount of land for housing
The Victorian government is preparing to announce the largest release of land for housing in the state's history, targeting Melbourne's outer suburbs to combat the ongoing housing crisis.
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RBA reveals landlords absorb the bulk of interest rate hikes
Recent research by the Reserve Bank of Australia (RBA) has debunked the myth that landlords are passing on increased mortgage costs to tenants, leading to unsustainable rent increases.
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REIQ supports the Federal Government’s push for stamp duty reform
REIQ CEO Antonia Mercorella: "Stamp duty presents a considerable barrier to those wanting to buy their first home."
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Domain CEO Jason Pellegrino to step down
Mr Pellegrino will continue in his role for the next three to six months while Domain’s board searches for a replacement.
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REINSW president Barry Johnston resigns
Barry Johnston has stepped down from his role as President, citing personal and business obligations.
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It’s a Fact: Harcourts sells a property every 13 minutes
New residential real estate figures developed for the launch of its global facts campaign has solidified the strength of the brand despite varying property cycle dynamics experienced across the globe.
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Dutton’s $5 billion plan to solve housing crisis
Opposition Leader Peter Dutton has announced a $5 billion Housing Infrastructure Program, aiming to fast-track the construction of up to 500,000 new homes if the Coalition wins the next federal election.
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Australia urged to adopt European style co-operative housing to address rental crisis
The Business Council of Co-operatives and Mutuals (BCCM) recommends that the Government adopt co-operative housing like Copenhagen, Vienna and Zurich.
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Pivotal Financial names Shannon Arnold GM
Pivotal Financial, the finance arm of RE/MAX Australia, has appointed Shannon Arnold as General Manager, signalling a new phase of growth and leadership for the company.
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REA Group pledges $122,00 to fight homelessness
REA Group has stepped up to support Nedd Brockmann’s Uncomfortable Challenge, pledging $122,000 to help tackle homelessness across Australia.
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Essential workers could get homes on crown land
A groundbreaking proposal to establish new housing on unused Crown land has united unlikely allies in the fight for affordable homes for essential workers.
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Couples turn to wedding guests for home deposits
A new wedding trend is emerging as couples are increasingly asking their guests to help contribute to their home deposit instead of traditional gifts.
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Stamp duty slashed for off-the-plan property purchases in Victoria
The Victorian government has announced a significant reduction in stamp duty for off-the-plan apartments, units and townhouses in a bid to stimulate the housing market and address the state's housing crisis.
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Auction clearance rates climb as buyer demand grows
On Saturday, 19 October 2024, Sydney recorded a clearance rate of 67% from 996 auctions listed.
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Erin’s mission to revolutionise the apartment experience
Erin’s app simplifies apartment living by integrating rent, maintenance, digital keys, and more, enhancing tenant experiences.
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US builders shift focus to condos and townhouses amid affordability crisis
Builders in the US are adapting to the ongoing housing affordability crisis by constructing more high-density homes according to new analysis.
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Employment surge means RBA might not slash rates
Australia's job market continues to show resilience, with employment rising significantly in September, and taking the pressure off the Reserve Bank of Australia (RBA) to cut rates.
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Secrets of success: how regional agents thrive in real estate
More than 580 real estate professionals from across Australia and New Zealand participated in the first-ever virtual Regional Agents Conference.
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Maxwell Scott Raine inducted into FCA Hall of Fame
The Franchise Council of Australia (FCA) has posthumously honoured Maxwell Scott Raine as the 2024 inductee into the FCA Hall of Fame, recognising his role in introducing franchising to the Australian real estate industry.
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Jack Gilchrist: putting the community first
When Jack Gilchrist started in real estate, he never imagined he'd become one of the top agents in South Gippsland.Â
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Help on the way for first-home buyers
The Property Council of Australia is presenting policy ideas to the Government that will support homeownership for younger Australians while also boosting housing supply.
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Rising house costs hit middle-class America hard
Much like what is happening in Australia, middle-class homeowners in the US are increasingly facing a financial squeeze due to rising housing costs, a trend that has accelerated over the past decade.Nearly 30% of middle-income homebuyers spent more than 30% of their income on housing in a significant increase from a decade earlier. This “cost-burdened group”, identified by a common…
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A global comparison: Sydney’s housing shortfall tied to slow transport expansion
A new report, Defining Density (Done Well), highlights that Sydney’s housing shortage is closely tied to its lagging transport infrastructure compared to global cities. Tokyo leads with 553 stations within a 30km radius, while Sydney only has 99. This stark difference limits Sydney’s ability to develop high-density housing near public transport hubs, further exacerbating its housing crisis. The report shows…
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NZ construction costs inch up amid industry slowdown
Construction costs in New Zealand have shown a slight increase in the September quarter, despite an ongoing slowdown in the building industry.
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Rental vacancies rise slightly but crisis deepens in NSW
Residential rental vacancies have increased marginally across Sydney, but experts warn the rental crisis continues to worsen.
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New home sales stabilise
The latest data from the Housing Industry Association (HIA) indicates that the Australian new home market is showing signs of stabilisation, with home sales unchanged in September compared to August. According to HIA Economist Maurice Tapang, “market confidence in new home building is returning,” which is an important indicator for agents working in the residential property sector. The HIA’s New…
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Opposition vows to scrap Victoria’s controversial ‘Airbnb tax’
The Victorian Opposition has pledged to repeal the state's contentious Short Stay Levy Bill if elected in 2026, citing concerns over increased holiday costs and economic impacts.
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Renters and homeowners are feeling more confident
Consumer confidence held steady this week, as both renters and homeowners started to feel better about the state of the housing market.
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Rising costs and short-term rentals are reshaping the housing market
Over 70% Australians who rent do so because they simply cannot afford to buy a home - a figure significantly higher than the global average of 55%.
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Construction industry collapse tightens the screws on home buyers
The Aussie dream of home ownership could be under threat as the construction sector faces an unprecedented crisis, with thousands of builders going bankrupt and leaving homeowners in financial distress.
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Auction market lifts as spring heats up
The Australian property market has seen a sharp uptick in activity as spring selling season gains momentum according to new data.
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Taskforce Australia announced as Telstra Best of Business Awards Victorian State Winner
Taskforce Australia is delighted to announce that it has been named the Victorian State Winner for Outstanding Growth in the 2024 Telstra Best of Business Awards.
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Brisbane’s property boom continues despite national slowdown
Brisbane’s property market remains a standout performer in 2024, even as growth across other Australian cities moderates.
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Navigating the new Privacy Bill: what real estate agents and businesses need to know
Discover the 2024 Privacy Bill changes, penalties, and how agencies can avoid breaches. Stay compliant with new privacy obligations. Learn more.
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