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INDUSTRY NEWS
REIQ supports Queensland body corporate reforms
Body corporate reforms aimed at prohibiting smokers and making life easier for pet owners living in units, strike the right balance according to the Real Estate Institute of Queensland (REIQ).
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INDUSTRY NEWS
Victoria’s new ‘granny flat’ reforms to boost housing supply
New secondary dwelling reforms introduced by the Victorian Government will likely boost housing supply by around half a per cent according to new research.
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INDUSTRY NEWS
NAR seeks a “complete reversal” in US commissions case
The National Association of Realtors (NAR) are set to fight the decision against it in the Sitzer Burnett commission lawsuit and will seek a “complete reversal” suggesting the controversial case is far from over.
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INDUSTRY NEWS
“Fundamentally broken” rental market crushing low income earners
Low income earners continue to be the hardest hit from the ongoing rental crisis, with renters in Sydney, Hobart and Canberra all but priced out of the market.
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INDUSTRY NEWS
Office market declines approaching GFC level
The decline in office assets is approaching GFC levels, with the outlook for 2024 looking “rough” according to an expert.
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INDUSTRY NEWS
Greg Norman launches $300 million Sydney luxury estate
Golfing legend Greg Norman is back in Australia to launch a $300 million luxury residential community in southwest Sydney alongside developer Sekisui House.
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INDUSTRY NEWS
More high-profile departures from NAR after US commission case
National Association of Realtors’ (NAR) staff member Donna Gland has announced her retirement following the CEO's exit, as the fallout continues after a federal jury ruled the NAR and two major real estate companies had conspired to inflate buyers’ agent commissions.
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INDUSTRY NEWS
One in 10 homes must be affordable to end homelessness
With the housing crisis leaving many Australians without a place to live, there are calls for one in ten homes to be affordable to help end homelessness.
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INDUSTRY NEWS
Demand for share accommodation heats up
Demand for share accommodation is ramping up this year, with the number of people looking for a room already well ahead of the typical summer peak season.
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INDUSTRY NEWS
First home buyer demand across New Zealand hits a record high
Despite reduced housing affordability and higher living costs, first home buyers (FHBs) in New Zealand are buying homes are a record rate.
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INDUSTRY NEWS
Immigration surge putting short-term pressure on rental markets
The flood of overseas migrants is putting the rental market under extreme pressure in the short term and the Government needs a more consistent long-term target according to an expert.
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INDUSTRY NEWS
Alternative assets grow in popularity despite commercial slowdown
Higher interest rates and geopolitical uncertainty are slowing down commercial property transactions, however, alternative assets are continuing to attract the attention of investors according to an expert.
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INDUSTRY NEWS
Australians believe energy-efficient features make properties more valuable
Seven out of 10 Australians believe energy-efficient features will make their homes more valuable, a new survey has discovered.
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INDUSTRY NEWS
How Ray White agents sold The Block house for a record profit
Sunday night marked a historic day for The Block, with Steph and Gian Ottavio, of House 4, selling their home for an eye-watering $1.65 million over reserve and setting the record for the highest profit ever recorded on the Channel 9 show.
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INDUSTRY NEWS
Raine & Horne release new book highlighting their 140-year history
Raine & Horne has released a new coffee table book highlighting the business's 140-year journey in Australian real estate.
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INDUSTRY NEWS
Auction volumes hit an 18-month high as confidence returns
Spring selling season has seen a surge in the number of vendors taking their properties to auction as confidence comes back to the market.
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INDUSTRY NEWS
Tough conditions for buyers across Queensland, South Australia and Victoria
Property buyers in parts of Queensland, South Australia and Victoria are facing the toughest buying conditions in the country, according to an expert.
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INDUSTRY NEWS
New real estate platform to help vendors sell without agent fees
A new real estate platform is set to shake up the traditional role of a sales agent, offering vendors the ability to sell their property without paying real estate agency fees.
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INDUSTRY NEWS
Will there be rental homes for new year movers?
There's no relief yet for tenants who are struggling to find a property to rent, with the rental vacancy rate remaining at a record low 0.8 per cent.
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INDUSTRY NEWS
Tiny, but mighty, house on 30sq m wins national architecture award
A unique house with a tiny 30sq m footprint (about the size of a hotel room) has won the 2023 Robin Boyd Award from the Australian Institute of Architects.
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INDUSTRY NEWS
New Zealand property prices rise for the first time in 18 months
The first signs of a recovery in New Zealand property prices have begun with values increasing 0.4 per cent last month and 0.1 per cent for the quarter according to CoreLogic NZ.
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INDUSTRY NEWS
NSW overtakes QLD as most popular location for people leaving the cities
Regional New South Wales has overtaken regional Queensland as the most popular destination for people looking to move out of the city.
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INDUSTRY NEWS
REIA’s plan to reduce the environmental impact of commercial property
The Real Estate Institute of Australia (REIA) has released a new report that outlines long-term measures commercial property owners, builders and developers can implement to make their properties more environmentally friendly and hit government targets.
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INDUSTRY NEWS
Investor numbers fall 27 per cent even as prices rebound
Despite the strong rebound in property prices, investors continue to exit the market spooked by higher rates according to the industry.
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INTERNATIONAL
New brokerages sued after jury rules against agencies in antitrust commissions case
Just minutes after a federal jury ruled the National Association of Realtors and two major real estate companies had conspired to inflate buyers' agent commissions, the plaintiffs attorney filed another class-action lawsuit against NAR and new residential brokerages.
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INDUSTRY NEWS
The home ownership dream feels out of reach for Millennials and Gen-Z
With property prices sitting at record highs a growing number of younger Australians feel that home ownership is increasingly out of reach.
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INDUSTRY NEWS
Demand for regional property ‘here to stay’
The pandemic-infused flight to the regions is here to stay with a number of more affordable areas likely to see continued growth according to a new report.
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INDUSTRY NEWS
Aussies could be making an extra $667 per month renting their spare room
Homeowners could be raking in an additional $667 every month if they rent out their spare room according to a new survey.
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INDUSTRY NEWS
REIA proposes plan to tackle housing crisis
The Real Estate Institute of Australia (REIA) has released bold suggestions to tackle the ongoing housing crisis and help more people get into the market.
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INDUSTRY NEWS
Investors flee Victoria causing more pain for tenants
Already in the grips of a rental crisis, investors are selling off their Victorian investment properties en masse, discouraged by the raft of taxes and regulatory burdens that are being thrust upon them.
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INDUSTRY NEWS
Surging immigration sees overseas buyers targeting Australian property
Overseas buyers are increasingly targeting Australian property, with new data showing online searches have surged back above 2019 levels.
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INDUSTRY NEWS
South Australia’s property market goes from strength to strength
South Australian property prices continue to rise, despite the headwinds of higher interest rates and economic uncertainty.
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INDUSTRY NEWS
Inflation jumps as banks predict a November rate hike
Borrowers could be in for a Melbourne Cup day rate hike according to the major banks as the latest inflation data suggests the Reserve Bank of Australia (RBA) might have more work to do.
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INDUSTRY NEWS
First National equips property managers to handle domestic violence skilfully
In Australia, a domestic violence incident occurs every two minutes and with 88 per cent of incidents occurring in the family home, property managers are at the forefront of dealing with these troubling situations.
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INDUSTRY NEWS
Gold Coast office market to run out of stock in three years
A lack of new office developments on the Gold Coast is likely to see the availability of office space dry up over the next three years.
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