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INDUSTRY NEWS
Industrial assets to remain an investor favourite for now
Industrial property has been hot over the past few years, however, as alternative assets continue to gain attention and office and retail bounce back, demand will likely slow down according to an expert.
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INDUSTRY NEWS
Top investment locations that renters can afford to live in
Rising rents have been putting the squeeze on tenants while at the same time, boosting yields for investors.
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INDUSTRY NEWS
Tight stock levels prop up spring clearance rates
Tight stock levels and rising prices around the country are continuing to help boost auction clearance rates according to experts.
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INDUSTRY NEWS
Investors can still find affordable options
Despite near-record high property prices across the country, there are still affordable locations for investors, according to a new report.
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INDUSTRY NEWS
New listings up annually but dip in September
Vendors have returned to the market this Spring, with new data from PropTrack showing that new listings are up 4.5 per cent compared to last year.
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INDUSTRY NEWS
Supporting local artists, the community and charities with The Studio
For the past two years, Laing+Simmons Young Property in Avalon has been trying to give back and support local artists through community exhibitions with local artists.
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INDUSTRY NEWS
Building a house ‘one room at a time’
We’ve all heard about building a house one brick at a time, but an innovative new construction approach could see homes built ‘one room at a time’, in a bid to tackle the current housing crisis.
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INDUSTRY NEWS
RBA getting on top of inflation as borrowers cut back
The Reserve Bank of Australia’s (RBA) aggressive cash rate hikes are starting to have the desired effect on inflation, with borrowers being forced to dramatically tighten their purse strings.
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INDUSTRY NEWS
More pain for Perth tenants as the vacancy rate tightens again
In a blow for Perth renters, the vacancy rate has fallen again after only recently showing signs that conditions were starting to improve.
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INDUSTRY NEWS
Has the bank of Mum and Dad shut its doors?
Despite record-high property prices and surging interest rates, just 1-in-10 first-home buyers are tapping into the bank of Mum and Dad to get into their first property.
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INDUSTRY NEWS
Foreign investors offload Australian commercial property
Foreign investors have reduced their exposure to Australian commercial property, as higher interest rates and soft returns for office and retail weigh on sentiment.
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Elite Agent TV
The power of a team: Ibrahim Merjan on scaling your business to 150 sales, an ‘auction everything’ approach and building your team sooner
Closing 150 sales in 12 months is only possible if you’re able to put together and manage a high-performing team, where everyone knows their role and works together.
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INDUSTRY NEWS
Australian households still managing to service their mortgage
Australian mortgage holders remain susceptible to financial stability risks, as higher inflation and rising interest rates continue to put pressure on household budgets.
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INDUSTRY NEWS
Demand for the Home Guarantee Scheme surges
The number of Australian first-home buyers taking up the Home Guarantee Scheme has surged, as younger Australians battle to get into the housing market.
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INDUSTRY NEWS
Investors flee the eastern states for Western Australia
After nearly a decade in the doldrums, property investors are flooding back into Western Australia at the expense of the East Coast.
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INDUSTRY NEWS
New company set to make build-to-rent more flexible for tenants
A new property management company is aiming to make build-to-rent properties across Sydney more flexible and convenient for tenants with the ability to move buildings and be quickly approved for a rental.
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INDUSTRY NEWS
Richest US landlords see their wealth surge in 2023
Despite higher interest rates weighing on property prices, the wealth of the richest real estate tycoons in the US continues to skyrocket.
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INDUSTRY NEWS
Perth listings hit the lowest level in 30 years
The supply of homes for sale across Perth has fallen to the lowest level in 30 years, with under 5,000 homes now on the market.
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INDUSTRY NEWS
69 per cent of homeowners won’t cope if interest rates rise again
More than two-thirds of borrowers won’t be able to pay the mortgage if interest rates rise again according to a new survey.
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INDUSTRY NEWS
Auction volumes hit the highest level in more than 12 months
Spring selling season is well and truly back in force with new data showing that auction volumes have spiked to the highest level since May 2022.
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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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