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INDUSTRY NEWS
Owner-occupiers lead the uptick in new lending
New lending is back on the rise after increasing 2.2 per cent in August, however, the overall level of lending remains down on last year.
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INDUSTRY NEWS
Foreign investors selling back Australian agricultural land
The price of Australian farmland has surged in the past three years, with strong interest from overseas, but investors are now selling the land back to locals.
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INDUSTRY NEWS
New zero per cent deposit home loan option for homebuyers
A new home loan product that allows homebuyers to purchase a property with a zero per cent deposit has launched across Australia, aiming to reduce the barriers to entry for homeownership.
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INDUSTRY NEWS
Lower prices for unrenovated homes starting to entice buyers
Rising construction costs, led by shortages of trades, are making buyers wary of unrenovated homes, however, lower prices are starting to make them more appealing according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Rents set to keep rising across the country
Rents are expected to keep on rising in Sydney, Melbourne and a number of the smaller capital cities and regional areas according to new research.
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INDUSTRY NEWS
Increasing number of homeowners selling in under three years
Short-term selling is on the rise, with homeowners trading their property after owning them less than three years.
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INDUSTRY NEWS
US home values are up $2.6 trillion in 12 months
US home prices have bounced back from last year's short-lived downturn with values up $2.6 trillion in the past 12 months according to new data.
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INDUSTRY NEWS
Knockdowns and rebuilds don’t always mean gentrification and rising prices
Suburbs that are seeing a high number of homes being knocked down and rebuilt doesn’t necessarily mean the area is going through gentrification or that prices will rise according to an expert.
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INDUSTRY NEWS
QLD and NSW aren’t releasing enough land to meet surging population
New South Wales and Queensland are not releasing enough land to keep up with surging population growth, according to a new report.
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INDUSTRY NEWS
Gold Coast trophy home sets new auction record
Queensland has a new auction record after a luxury Gold Coast estate with views that span from Main Beach to Broadbeach, sold for $24.8 million on the weekend.
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INDUSTRY NEWS
‘Hostile’ rental conditions see tenants paying 41 per cent of their income on rent
The ongoing rental crisis is making life hard for renters in WA, SA, and QLD, with some suburbs seeing tenants forced to pay over 40 per cent of their income on rent according to a new report.
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INDUSTRY NEWS
Sydney property is overvalued but not at risk of entering a property bubble
Sydney real estate might be overvalued, but it’s not at risk of being in a bubble according to a new index.
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INDUSTRY NEWS
Agencies pay millions to settle lawsuit over agent commissions
US-based brokerage RE/MAX has reached a settlement in two class-action lawsuits filed against it over agent commission payments.
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INDUSTRY NEWS
Vacancy rates on the rise across NSW
In positive news for NSW renters, vacancy rates continue to rise, however, conditions still remain tighter than prior to COVID.
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INDUSTRY NEWS
Another 92 social and affordable homes for QLD
In a bid to help ease the ongoing housing crisis, the Queensland government is funding the construction of another 92 social and affordable homes.
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INDUSTRY NEWS
Victorian land prices surge by up to $1 million
Victorian land values have exploded since 2020, with a number of areas seeing prices rise almost $1 million.
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INDUSTRY NEWS
Over 96 per cent of homes resell at a profit
With property prices again on the rise, 96.3 per cent of sellers have locked in profits this year, according to new data.
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INDUSTRY NEWS
Aussie suburbs where upsizers will find the best value
Despite high property prices, tight inventory levels and rising interest rates, people looking to upgrade their homes to something bigger are still able to find good opportunities according to new research.
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Elite Agent TV
Karyn O’Dea on supreme customer care, investing in your business and prospecting competitors’ sales
Most agents know, that more touchpoints equals more sales, but Karyn O'Dea from Ray White Robina has taken this to the next level by building a business that is a part of the community and reaches prospects 17 times each year.
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INDUSTRY NEWS
The “big cities are back” as the property price rebound continues
Property prices are likely to continue to grow in the months ahead, after a “massive improvement” in conditions over the winter months according to an expert.
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INDUSTRY NEWS
PGIM to build co-living spaces in Sydney and Brisbane
Investment management company PGIM is planning to create a $750 million portfolio of co-living facilities across Sydney and Brisbane as a part of its residential-for-rent strategy.
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Elite Agent
Storia Estate Group launches in the luxury Brisbane Bayside market
Luxury Queensland agency, Chapter Estate Groups is rebranding to Storia Estate Groups, with the independent team narrowing its focus to exclusively high-end luxury property across the Redlands region of Queensland.
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INDUSTRY NEWS
Restricting short-stay accommodation won’t ease the WA rental crisis
Short-stay accommodation in Western Australia has increased 16.2 per cent in the past 12 months, however, adding restrictions won’t help ease the rental crisis according to the industry.
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INDUSTRY NEWS
Higher rates weigh on household spending
The Reserve Bank of Australia (RBA) might be getting close to the end of its hiking cycle, but there are signs that the economy has already slowed down.
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INDUSTRY NEWS
Cleverly edited photos help sell cluttered home
A cluttered family home in South Australia, that wasn’t able to be presented to the market in its best light, has managed to sell above the price guide, with the help of some cleverly edited digital images.
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INDUSTRY NEWS
Property Council scholarship to promote women in property
A new scholarship aimed at promoting women in property has been announced by the Property Council of Australia and Chief Executive Women.
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INDUSTRY NEWS
Vacancy rates on the rise across the country
There are early signs of relief for struggling renters, with a new report showing vacancy rates have started to increase in most capital cities over the past three months.
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INDUSTRY NEWS
Investors selling up as government threats push them out
New legislation, increased taxation, and potential rental reforms, including rent freezes, have led to 12 per cent of Australian investors selling their properties, according to a new survey.
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INDUSTRY NEWS
Investing in tourism assets is back as confidence returns
After some lean years during Covid, investment in hotel assets is once again surging, highlighting the improved confidence across the tourism industry.
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INDUSTRY NEWS
ATO to crack down on landlords this tax time
The Australian Tax Office (ATO) has warned it will crack down on landlords over claiming expenses and claiming for improvements to private properties.
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INDUSTRY NEWS
Landlord ordered to pay tenant for not keeping property in “reasonable repair”
A NSW landlord has been ordered to pay a former tenant $2100 for not keeping a rental property in “reasonable repair”.
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INDUSTRY NEWS
Toowoomba’s new social housing a “miracle” for struggling tenants
The first tenants have started moving into new social housing in Toowoomba in Queensland, with 15 more homes on the way thanks to a partnership between the state government and YWCA.
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INDUSTRY NEWS
Housing affordability at the lowest level since 2008
Housing affordability continues to worsen across Australia with new data showing it now takes 45.9 per cent of a household's income to meet average loan requirements.
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INDUSTRY NEWS
Queensland property continues to bounce back, led by regional areas
Queensland property continues to go from strength to strength, with a number of regional locations recording double-digit annual growth in the past 12 months.
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INDUSTRY NEWS
Still affordable opportunities for investors, as prices rise
Despite property prices rising substantially since 2020, there are still opportunities for investors to find good quality locations that are affordable.
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