Search Results for: GLobal Financial Crisis
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INDUSTRY NEWS
Short-stay accommodation increase contributing to the rental crisis
A sharp increase in the number of homes being put up as short-term accommodation is adding to the ongoing rental crisis according to the Real Estate Institute of Australia (REIA).
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OPINION
Are we in a rental crisis or not?
Last week, June inflation came in at an eye watering 6.1 per cent, driven primarily by sharp rises in fuel prices, construction costs and furniture.
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NEWS
Auckland is the global leader in luxury property price growth
Sydney, Perth and the Gold Coast have aslo ranked upon the top cities in the world for luxury residential price growth.
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THE ELEVATE PODCAST
5 strategies to survive and thrive in a crisis
If the impact of COVID-19 on your business has got you down then Dan Argent is the guy to help you not only survive it, but thrive once the deadly bug has moved on. Forced to start his own business during the GFC in order to survive, in this episode of Elevate, Dan shares the five strategies he used to…
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THE ELEVATE PODCAST
How to lead through a crisis with Andrew Bell OAM
With more than 45 years in the real estate industry, there isn’t much Ray White Surfers Paradise Group Chief Executive Officer Andrew Bell hasn’t seen – including a crisis or 10. He witnessed the ‘70s credit squeeze, survived the 1987 stock market crash, made it through the national pilot strike and weathered the storm that was “the recession we had…
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NEWS
Why property price growth always leads a crisis recovery
Just as it did with past crises, the adverse economic impact from this coronavirus health crisis will begin its rebound with a real estate surge before anything else. Safe as houses! Residential real estate is the one thing which is common to 25.5 million Australians. After all, shelter is an essential commodity. While we all take one for the team…
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NEWS
How will the bushfire crisis impact property prices?
There is no escaping the effect the recent bushfire crisis will have on property prices, but an independent property research company claims the impact will depend on the state of the market in the suburb prior to the bushfires as well as how badly the areas were hit. RiskWise Property Research has identified three ‘severity’ categories with greatly varied impacts…
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NEWS
REA Group joins the global support of Australia’s bushfire relief efforts
As Australia’s bushfire crisis continues, REA Group is introducing relief initiatives to help provide assistance to those affected by the devastation. REA Group CEO, Owen Wilson said like all Australians, the REA had been shocked and saddened by the overwhelming impact Australia’s bushfires are having on local communities and the environment. “We know nothing can take away the devastation experienced…
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INDUSTRY NEWS
2022 the worst year for property price drops since the GFC
December home price figures paint a mixed picture for a property market that came under intense pressure from rising interest rates during 2022, with some smaller capital cities still recording positive price growth despite a decline in national values not witnessed since the Global Financial Crisis.
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FEATURE INTERVIEWS
Against all odds: Cathy Cattell
In the midst of the Global Financial Crisis, Cathy Cattell hit rock bottom. Her once successful horse stud business was going under and she had no idea what to do next. Enter a passion for people, a job in real estate and more tenacity than you can poke a stick at and things started to turn around. Here, Cathy tells…
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INDUSTRY NEWS
Current US housing downturn not like pre-GFC
The current downturn in the US housing market might not be as severe as the 2007-2008 crash that led to the Global Financial Crisis.
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INDUSTRY NEWS
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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NEWS
‘Little respite’ for falling New Zealand property market
New Zealand could be on the cusp of a Global Financial Crisis-like property market downturn with “little respite” for falling house prices in the coming months, according to an industry expert.
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INDUSTRY NEWS
Market Buy the next step in McGill’s successful career
It’s been a rapid rise to success for former architect Mark McGill who stumbled into real estate after losing his job due to the global financial crisis.
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NEWS
RBA keeps interest rates on hold at 4.35 per cent
The Reserve Bank of Australia has kicked off 2024 with an interest rate hold, electing to keep the cash rate at 4.35 per cent at its first meeting of the year.
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Elite Agent
The power of partnership: What trust and loyalty mean to Jerome Srot and Gavin Rubinstein
Gavin Rubinstein and Jerome Srot go together like John Lennon and Paul McCartney.
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NEWS
First National CEO Ray Ellis to step down
First National Real Estate has today announced that Chief Executive Officer, Ray Ellis will step down from his role at the industry’s largest cooperative brand, where he has been recognised for his abilities to innovate.
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INDUSTRY NEWS
Academics say first-home buyers shouldn’t buy now
First-home buyers should be cautious about purchasing in the current market, according to academics.
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Elite Agent
Five main lessons from Chapter 1 of Arnold Schwarzenegger’s ‘Be Useful: 7 Tools for Life’
In his new book Be Useful, Arnold Schwarzenegger offers a compelling exploration of life lessons that extend far beyond the realms of bodybuilding, acting and politics.
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INDUSTRY NEWS
Andrew Bell set to hand over the reins of Ray White Surfers Paradise Group
Queensland real estate icon Andrew Bell OAM has announced his succession plans for Ray White Surfers Paradise Group (RWSPG).
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INDUSTRY NEWS
Profitable resales in New Zealand fall to the lowest level in eight years
Falling property prices across New Zealand has seen the number of homes sold for a gain tumble to the lowest level since 2015.
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INDUSTRY NEWS
There are still affordable rentals across the country
Despite the ongoing rental crisis making life difficult for tenants, there are still suburbs that are affordable for renters according to a new report.
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EPM: Industry News
RBA doubles down on interest rates as REIA says housing affordability at its worst this century
The Reserve Bank boss has doubled down on the need for this week’s interest rate hike, despite admitting some households are feeling the pinch and mortgage arrears have increased.
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OPINION
Dan Argent: Why volume and GCI are important KPIs right now.
It’s no secret that we’re in a tougher market. And as we face a changing market we’ve seen increased commentary about where agents should focus their efforts and what metrics to track.
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INDUSTRY NEWS
The real estate fallout from the Silicon Valley Bank collapse
Silicon Valley Bank, America’s 16th largest bank and a large source of funding for some prominent PropTech companies, has been dramatically shut down by regulators after depositors began pulling out their money.
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INTERNATIONAL
US market down $2.3 trillion since peak
New figures from Redfin show the US housing market has lost 4.9 per cent, or US$2.3 trillion, in value since its peak in June.
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APPOINTMENTS
Raine and Horne appoints new head of network
Raine & Horne has announced the appointment of Mindy Powell-Hodges as the company's new head of network.
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INDUSTRY NEWS
Brisbane property prices fall by a record 10.9 per cent
After property prices in Brisbane boomed by more than 40 per cent during the pandemic, values are now falling at a record-setting pace.
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INDUSTRY NEWS
New Zealand property values decline at GFC levels with further falls predicted
Agents taking stock of Australia's deteriorating market conditions should spare a thought for their Kiwi cousins, with values in New Zealand falling further than predicted in 2022.
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Profitable resales decline across New Zealand
Profitable resales across New Zealand continued to decline last quarter, dropping to 96.8 per cent according to CoreLogic.
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Sweetest success for Queensland’s Small Residential Agency of the Year
Sunshine Coast agent Mark McGill is no stranger to winning real estate industry awards, but his latest accolade is by far the sweetest.
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Rising rates cool New Zealand property prices
Rising interest rates are continuing to put pressure on home prices in New Zealand, with the latest data from CoreLogic showing values fell another 1.3 per cent in October.
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OPINION
What is the biggest opportunity in property right now?
There is an old piece of investment advice that specifies that you should buy when the market is down and sell when it is up.
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NEWS
RBA takes more moderate approach with 0.25 per cent cash rate increase
After a series of bullish interest rate hikes in recent months, the Reserve Bank of Australia has tempered its approach, increasing the cash rate by 25 basis points at its October meeting today.
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FEATURE INTERVIEWS
Moving with the times in the tourism mecca of Noosa
At Dowling Neylan in the tourism destination of Noosa, there’s a set of handwritten ledgers dating back more than 45 years. Each book charts the monthly sales of the agency, capturing the region’s evolution from surfside town to property hotspot that now boasts some of the most expensive real estate in Queensland. Director Dan Neylan explains these days the ledger…
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