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INDUSTRY NEWS
New Zealand property market trends to watch in 2022
For the New Zealand real estate market, 2021 has been the year the government stepped in and regulatory pressures increased in an effort to curtail rapidly rising property prices. Across the country the 12-month change in median values recorded jumps of between 6.7 per cent in Sunshine Bay, and a whopping 47.7 per cent in Woodville. The figures, released in…
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Real Estate News
Alison Hatch takes out Transform XII title
The leader of Best Nest Property Management, Alison Hatch, has been named the winner of Transform XII after devising a 2022 marketing plan that focuses on rebuilding market presence lost during Sydney’s lengthy COVID-19 lockdown.
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INDUSTRY NEWS
Canstar report reveals some Aussies expect property prices to ‘skyrocket’
Despite property prices soaring more than 20 per cent this year, 18 per cent of Australians expect prices to “skyrocket” further at some point in the next two years, according to new research. Canstar’s fifth annual Consumer Pulse Report also showed 44 per cent of Aussies expect house prices to continue to grow at a steady pace, while 12 per…
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INDUSTRY NEWS
A record-breaking year and trends to watch in 2022
Australia has smashed property records in 2021, racking up the highest number of sales and fastest rate of annual house price growth on record, according to new research. Domain’s End of Year Wrap shows that 446,800 houses and 144,500 units sold this year, with the combined capital city house price quickly closing in on the magic $1 million mark. It’s…
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FEATURE INTERVIEWS
A career that kicks goals: Michael Dowling
Michael Dowling shares his most memorable sale and the one thing he'd like to see changed in the industry.
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INDUSTRY NEWS
Australian families spend 36 per cent of their income on their mortgage
Housing affordability continued its decline in the September quarter with hard-hit first-home buyers pulling out of the market, the latest Real Estate Institute of Australia (REIA) analysis shows. The REIA’s Housing Affordability Report found 36.2 per cent of owner-occupiers’ income went to paying their mortgage, which is a 3.9 percentage point rise over the past year. The national median weekly…
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INDUSTRY NEWS
RBA keeps cash rate on hold with Omicron a new source of uncertainty
At its final meeting for 2021, the Reserve Bank of Australia has opted to keep the official cash rate at its historic low of 0.1 per cent, with a new Covid variant causing some market uncertainty. In his monthly statement today, RBA Governor Dr Philip Lowe said the Australian economy was recovering well from the setback the Delta outbreak caused,…
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INDUSTRY NEWS
Hot property market cools as gap between buyers and sellers narrows
Price growth in Australia’s scorching property market has peaked and the first signs of a shift from an extreme sellers’ market to one that is more balanced have appeared, new data shows. The latest PropTrack Housing Market Indicators Report shows that while there are still a throng of active buyers in the market, for the first time since the pandemic…
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INDUSTRY NEWS
The most rundown homes to sell for millions in 2021
You know the property market is hot when uninhabitable homes are selling for multi-million-dollar price tags. Peeling paint, mouldy walls and water damaged ceilings have been just some of the features found in rundown homes that have sent buyers into a frenzy across the country this year. Popular with developers as well as renovators, buyers have snapped up dilapidated homes…
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Elite Agent
How we sold it: 38A The Terrace, Ocean Grove
Building relationships is real estate 101, but it’s not just connections with buyers and sellers that can help you sell properties. RT Edgar Bellarine Director Brock Grainger says forging strong partnerships with local media organisations has helped him tell the story behind his properties and this works to complement his digital and print marketing campaigns. The result is more eyes…
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INDUSTRY NEWS
Pearl Beach property bought for 78 pounds sells for $2.5 million
An unassuming home bought for just 78 pounds almost 100 years ago has just sold for $2.5 million at Pearl Beach on the NSW Central Coast. It’s the first time the four-bedroom home had been offered to the market since the original owner, Evelyn Smith, bought the land in 1928. Then part of the new Staples Estate, the 675sq m…
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INDUSTRY NEWS
New program teaches young people the ABC of property investing
A real estate workshop that aims to remove the fear and uncertainty associated with stepping onto the property ladder has launched in Burpengary, Queensland. RE/MAX Living Principal Kathy Sweeney and team members Chanae Roma, Melanie Wilks and William Sweeney have started Asset Building Club (ABC), a workshop where young people, aged 18 to 30, can gain valuable insight into what…
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Celebrity Homes
Camila Cabello selling Hollywood Hills mansion
Has Camila Cabello’s split from Shawn Mendes resulted in the Havana singer selling her Hollywood Hills mansion? That’s the question on everyone’s lips after the cuban-born singer/songwriter listed her four-bedroom, four-bathroom, Mediterranean-style abode for US$3.95 million. Cabello and the Canadian singer were together for two years, and lived at the stunning home, which comes complete with a recording studio, before…
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INDUSTRY NEWS
Australia’s cheapest street to buy a home is in Western Australia
A tiny town in outback Western Australia with less than 500 people is also home to Australia’s cheapest street in which to buy property. Main Rd in Mullewa has a median house price of just $28,500, according to Ray White Chief Economist Nerida Conisbee. Mullewa, which is 99km east of Geraldton and 450km north of Perth, is known for its…
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Elite Agent
How to market a tiny apartment with a toilet in the shower
At just 17sq m and with a toilet located inside the shower it’s safe to say 43/20-22 Springfield Ave, Potts Point, is not your standard apartment. It forms part of the tiny home movement and while the selling agent, Belle Property Potts Point’s Silvia Vitale, has seen features like this before, there’s no doubt a specialised marketing plan, targeting a…
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Real Estate News
Take a peek inside South Australia’s most luxurious sales
If you’ve got a bit of spare time this weekend and want to see how the other half live then check out this list of 10 luxury South Australian homes that sold over the past 12 months. Not surprisingly there are quite a few beachfront, esplanade homes that make the list, as well as a truly stunning country home in…
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FEATURE INTERVIEWS
The Gold Coast agents rubbing shoulders with Hollywood stars
Clark Kent’s alter ego is Superman, Bruce Waynes’ is Batman, and now a Gold Coast real estate agent moonlights as a Hollywood actor and a stuntman. Alex Fleri and his wife Victoria, who also acts in movies, are part of the Amir Prestige Property Agents team, and when they’re not starring on the silver screen, they’re selling multi-million homes on…
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INDUSTRY NEWS
How to market shipping container home expected to sell for $1 million-plus
The secret to Chris Ransley listing and selling a tiny Stradbroke Island home constructed from a shipping container is connections. Situated atop Point Lookout on a 350sq m block, 123 Tramican St is expected to sell for more than $1 million, despite the fact it has just one bedroom, a bathroom and a combined kitchen and living area. Ray White…
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INDUSTRY NEWS
ANZ forecasts house price fall in 2023
House prices look likely to peak in December at their strongest growth rate since the 1980s, before dramatically slowing down in 2022 and falling in 2023, a new forecast shows. The ANZ Australia’s Housing Rolling Over report shows price growth is set to peak at just above 21 per cent in December 2021 before starting to wind back. “This would…
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Elite Agent
What 50 years in real estate has taught Vic Care
If there’s one thing Vic Care knows after 50 years in real estate, it’s how to build a successful career, and it’s deceptively simple. “Shoot for the stars – love what you do,” the Barry Plant co-founder says. “Have a vision, set your goals high and be the best that you can possibly be. “Never compromise standards and provide a…
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Real Estate News
Home building boom to continue in 2022
Australia’s home building boom is set to continue throughout 2022 despite the cost of labour and materials rising and pushing the cost of a new home higher.
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NSW Real Estate News
Childcare centres the latest hot property for investors
Demand for childcare centres is swiftly increasing with investors attracted to high leasing rates, long-term tenancy options and reassurance that the industry is an essential service. Colliers Associate Director, Melbourne Metro Sales, Ben Baines said childcare assets were one of the most highly sought in 2021. “Nationally this year, in excess of $200 million worth of childcare assets have transacted,…
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FEATURE INTERVIEWS
Real estate and its reward for the soul: Thomas Massam
Being awarded a Medal of the Order of Australia is just the latest in a long line of accolades for Harcourts Alliance associate director Thomas Massam.
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QLD Real Estate News
Luxury Queensland homes with Turkish steam rooms and teppanyaki hot plates
With the nickname “Millionaire’s Row”, it’s no surprise to see a property on Hedges Ave, Mermaid Beach, feature in the list of most expensive house sales in Queensland in the past 12 months. Spread across four levels, 159 Hedges Ave sold for $15.75 million earlier this year and features multiple outdoor entertaining terraces and bars, a sparkling in-ground pool, wine…
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INDUSTRY NEWS
Properties selling at warp speed
Australian properties are selling at their fastest rate in five years with weekly sales volumes also reaching their highest level this year, fresh data reveals. The REA Group’s latest PropTrack Housing Market Indicators Report showed that in October buyers snapped properties up quickly, with the median amount of time a property was listed on realestate.com.au before selling dropping to just…
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INDUSTRY NEWS
New Zealand property value bounce back likely to be temporary
House prices in New Zealand recorded a mini bounce back in October with values up 2.1 per cent over the month. It was the first time in six months that price growth sped up, according to the CoreLogic House Price Index, after September recorded a monthly growth rate of 1.4 per cent. The average value of a property in New…
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FEATURE INTERVIEWS
How Hudson 365 became different by design
When you walk past Hudson 365 on Devonport’s Oldaker St, you may not realise it’s a real estate agency. It's no mistake, this is a brand that is different by design.
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INDUSTRY NEWS
Bowling alleys and enormous spas feature in Victoria’s top house sales
If you’ve got a bit of spare time this weekend and want to see how the other half live then check out this list of 10 luxury Victorian homes that sold over the past 12 months.
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INDUSTRY NEWS
John Minns appointed as first NSW Property Services Commissioner
Former Independent Property Group Managing Director John Minns has been appointed as the first Property Services Commissioner for NSW, in a move to support the $100 billion industry and its consumers.
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INDUSTRY NEWS
RBA keeps cash rate on hold but rise likely in 2023
Despite a rise in inflation, the Reserve Bank of Australia has again opted to keep the official cash rate on hold at 0.1 per cent, issuing an optimistic forecast for the economy over the coming months.
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FEATURE INTERVIEWS
Josh Morrissey on why real estate is all about enjoying the ride
When Josh Morrissey started HIVE Property Canberra he wanted to create a fresh agency that ditched "cookie-cutter" real estate. Now, three years on, the agency is setting record after record.
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COMMERCIAL
‘Lifestyle industrial’ the latest trend in Australian real estate market
The days of industrial precincts being an ‘avoid at all costs’ area for residential property are over with “lifestyle industrial” flagged as the standout new trend in Australia’s real estate market.
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INDUSTRY NEWS
New Zealand’s hot property market starting to slow down
New Zealand’s property market may see a mini bounce back in the final two months of 2021, but conditions for a sustained upswing are unlikely to materialise, according to an industry data provider.
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INDUSTRY NEWS
Regional renters struggle as listings plummet
Regional renters are facing an uphill battle to put a roof over their heads with the number of listed properties on realestate.com.au 40 per cent below their pre-pandemic levels.
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INDUSTRY NEWS
Residential land in high demand across Australia
Vacant land is one of the hottest commodities in residential real estate at the moment with some blocks increasing in value 45 per cent in just five months.
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