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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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INDUSTRY NEWS
First-home buyers opting for “memories not mortgages”
First home buyers are increasingly First-home buyers are increasingly opting for “memories not mortgages” as the high cost of getting into the market makes owning a home less appealing to younger generations in the post-Covid world.
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INDUSTRY NEWS
3 things you need to know about the US buyer-agent commissions trial
Week one of the Sitzer/Burnett class action lawsuit has drawn to a close, in a case that has the potential to shake up the industry and change the way US agents get paid.
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INDUSTRY NEWS
One in 10 young adults forced to move back in with their parents
Increasing numbers of younger Australians are being forced to move back in with their parents as the cost of living bites.
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INDUSTRY NEWS
November sellers can achieve a premium price
Homeowners who want to sell should consider selling in November, with new data showing that sellers achieve a 0.8 per cent premium compared to the rest of the year
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INDUSTRY NEWS
Borrowers are slashing non-essential spending as rates bite
Rising interest rates are forcing borrowers to cut back, with new research showing that Australians are trimming their non-essential purchases to deal with mortgage stress.
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INDUSTRY NEWS
Industry welcomes extension of WA stamp duty relief
The move by the WA government to extend stamp duty relief on apartments that are under construction is a step in the right direction according to the industry.
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INDUSTRY NEWS
Andrew Bell set to hand over the reins of Ray White Surfers Paradise Group
Queensland real estate icon Andrew Bell OAM has announced his succession plans for Ray White Surfers Paradise Group (RWSPG).
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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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