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INDUSTRY NEWS
A year of two halves for property growth
The past 12 months has been a year of two halves for the Australian property market, with ongoing rate hikes and stretched affordability slowing growth since June.
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INDUSTRY NEWS
Sydney property outperforms expectations, with more growth ahead
Pent-up demand across Sydney’s property market has seen price increases outperform analysts' forecasts, with an expert predicting 2024 could be “boom mode” for prices.
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INDUSTRY NEWS
Barry Plant Eastern Group takes a collaborative approach to growth
Just over 12 months on from the successful acquisition of Philip Webb Real Estate, Barry Plant Eastern Group has successfully navigated the rapid expansion thanks to a collaborative approach with members of the new team.
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INDUSTRY NEWS
Housing crisis is due to lack of supply, not immigration
The more than 500,000 new immigrants aren’t causing pressure on the housing market or making property prices more expensive according to a leading buyers agent.
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INDUSTRY NEWS
Australia’s top-growth suburbs saw values rise 30 per cent
The top-performing suburbs across the country, saw their values surge more than 20 per cent this year according to new data.
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INDUSTRY NEWS
Housing affordability drops to a new low
Australians are struggling to afford housing like never before as rising interest rates and soaring housing and rental prices continue to bite.
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INDUSTRY NEWS
Agency operating costs and commissions impacting profit margins
Challenging market conditions over the past few years with rising costs and declining commissions have been weighing on real estate businesses according to a new report.
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INDUSTRY NEWS
Perth house prices hit a new record high
Strong demand for property in Perth has seen the median house price hit a record high of $585,000 in November according to new data.
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INDUSTRY NEWS
Property prices could rise 4 per cent next year
The rebound in the property market is expected to continue in 2024, with values to rise by up to 4 per cent according to a new report.
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INDUSTRY NEWS
Aussies are stashing cash in their offset accounts
Borrowers are stashing spare cash in their offset accounts in a bid to help fend off higher interest rates and rising cost of living.
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INDUSTRY NEWS
The Block serial buyer Danny Wallis to offload his 11 Victorian properties
One of the biggest buyers on The Block, Danny Wallis, is set to sell all of Victorian investment properties, with new taxes and regulations making it untenable for the investor.
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INDUSTRY NEWS
Confidence returns as auction volumes hit a 19-month high
Vendors have been busy trying to sell their properties before the Christmas break, with capital city auction volumes surging to a 19-month high.
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INDUSTRY NEWS
Australians under extreme financial stress compared to 2020
Despite the Reserve Bank of Australia (RBA) keeping rates on hold, Australians are still facing mounting financial stress according to a new survey.
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INDUSTRY NEWS
Renters facing a tight changeover period as vacancy rates remain low
The traditional summer changeover period is shaping up as an incredibly challenging period for renters with the latest vacancy data showing supply remains at record low levels.
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INDUSTRY NEWS
The $1.5 million house covered in doodles
Most parents tell their kids not to draw on the walls but for artist Sam Cox, he’s been able to take his childhood passion for doodling and transform his US$1.5 million Kent home into a piece of art.
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INDUSTRY NEWS
Leading Cairns agencies join Ray White
Top Cairns agents Ray, David and Sharyon Murphy are rebranding their market-leading agencies, to become Ray White Cairns and Ray White Palm Cove.
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INDUSTRY NEWS
QLD unit prices ‘awaken from their slumber’
QLD home buyers are starting to chase affordability with new data showing that unit price increases are starting to outpace freestanding homes.
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INDUSTRY NEWS
Borrowers to be spared a Christmas interest rate hike
This week’s lower-than-expected inflation number is shaping up as an early Christmas present for borrowers, with the Reserve Bank of Australia (RBA) set to keep rates on hold at next week’s board meeting according to the experts.
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INDUSTRY NEWS
‘Beds and sheds’ to see strong demand in 2024
Property assets in “beds and sheds” sectors which include tourism, boarding houses, blocks of units and industrial assets are all set to perform strongly in 2024 according to an expert.
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INDUSTRY NEWS
New Zealand property prices continue to recover
Property prices in New Zealand ticked higher last month adding to the recent string of increases suggesting the market has turned the corner for the time being.
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INDUSTRY NEWS
The RBA was ‘too hasty’ in raising interest rates again
The Reserve Bank of Australia (RBA) might have been too hasty in hiking interest rates last month, with the latest inflation data showing inflation slowed down in October.
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INDUSTRY NEWS
Sydney super prime sales buck the worldwide trend
Rising interest rates have been slowing down the super prime market around the world, however, Sydney has bucked the trend and seen sales rise according to a new report.
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INDUSTRY NEWS
US home sellers file another commission lawsuit
Another lawsuit has been filed in the US against the National Association of Realtors (NAR) and major real estate companies, accusing them of conspiring to keep commissions high.
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INDUSTRY NEWS
Two-thirds of buyers and renters want energy-efficient homes
Increasing energy costs are leading homebuyers and renters to turn towards energy-efficient homes according to a new report.
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INDUSTRY NEWS
Bringing pets to work could help bring office sector back to life
With workplaces around the country struggling to get people back to work, allowing pets could help bring offices back to life according to an expert.
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INDUSTRY NEWS
Help to Buy scheme set to get more people into a home
Thousands of Australians looking to buy a home and struggling with affordability will soon get more government help, with the introduction of the Help to Buy scheme.
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INDUSTRY NEWS
Reforms needed to boost housing supply
Reform is needed to help boost housing supply amidst an unprecedented population increase according to an expert.
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INDUSTRY NEWS
Airspace development association aims to tackle housing crisis
A new association has been set up aiming to encourage the new construction process of airspace development to help ease the housing crisis.
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INDUSTRY NEWS
Falling prices in some suburbs make it easier to buy in Sydney and Melbourne
With interest rates rising, buying conditions remain tough however, there are still locations where people can find both affordable and livable locations according to a new report.
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INDUSTRY NEWS
Wiseberry Heritage acknowledges renters with new Tenant of the Year winner
Wiseberry Heritage continues to appreciate the important role that tenants play in real estate, with the latest winners of the Tenant of the Year award announced at an awards night.
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INDUSTRY NEWS
REIA President Hayden Groves to hand over the reins
Real Estate Institute of Australia (REIA) President Hayden Groves is set to finish up his term as head of the industry body after two years in the role.
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INDUSTRY NEWS
Barry Plant goes back to its roots with its rebrand and new offices
Barry Plant Group is set to rebrand with a fresh new look that takes the company back to its roots.
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INDUSTRY NEWS
New Zealand rents surged 6.1 per cent in the past year
New Zealand tenants aren't fairing much better than their Australian counterparts, with weekly rents rising 6.1 per cent in the past 12 months.
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INDUSTRY NEWS
REIQ helps arm agencies against cyber attacks
The Real Estate Institute of Queensland (REIQ) is stepping up the battle against cyber criminals with the launch of its cyber resilience toolkit.
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INDUSTRY NEWS
Tourism and industrial sectors the big winners this year
The tourism and industrial sectors have been the shining lights in whats been a rough year for commercial property, according to an expert.
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