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INDUSTRY NEWS
Profitable resales in New Zealand fall to the lowest level in eight years
Falling property prices across New Zealand has seen the number of homes sold for a gain tumble to the lowest level since 2015.
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INDUSTRY NEWS
Queensland and Western Australia seeing increased demand for office space
While office vacancy rates are rising in Sydney and Melbourne, demand has lifted Queensland and Western Australia according to an expert.
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INDUSTRY NEWS
Vacancy rate easing was just a “blip” according to new research
Rising vacancy rates in certain suburbs might just have been a “blip” with new data showing the number of available rentals in some areas is again starting to fall.
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INDUSTRY NEWS
REACH Australia & New Zealand aim to help more PropTech companies in 2024
PropTech accelerator REACH Australia & New Zealand continues to encourage new PropTech innovation in the real estate industry and is opening applications for its fifth cohort in 2024.
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INDUSTRY NEWS
Old police station transformed into a family home for sale
A former police station that has been meticulously transformed into a beautiful family home is up for sale in South Australia.
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INDUSTRY NEWS
There are still affordable rentals across the country
Despite the ongoing rental crisis making life difficult for tenants, there are still suburbs that are affordable for renters according to a new report.
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INDUSTRY NEWS
Port Hughes beach shack selling for first time in 50 years
A rare Port Hughes beach shack that has been owned by one family for more than 50 years is up for sale for the first time.
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INDUSTRY NEWS
RE/MAX opens its first office in tropical Fiji
RE/MAX is set to open its first office in Fiji, with local agent Paula Benn set to lead the business as broker-owner.
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INDUSTRY NEWS
Housing affordability is driving families out of Sydney
Young families are leaving overpriced Sydney en masse, pushed out by the skyrocketing price of property according to a new report.
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INDUSTRY NEWS
The best times of day to get your email read
If you’re sick of people not replying to your emails, a new report has found you might be sending them at the wrong time or on the wrong day.
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INDUSTRY NEWS
Perth house prices hit another record high
The Perth property market continues to steadily increase in value, with prices hitting a new record high of $560,000 in July.
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INDUSTRY NEWS
REIACT hosts the first Australian Auslan interpreted Auctioneering Championships
The Real Estate Institute of the Australian Capital Territory (REIACT) has hosted the first Australian Auslan interpreted Auctioneering Championships, in a push to build awareness for hearing-impaired home buyers.
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INDUSTRY NEWS
Domain launches new AI-powered agent tool
Domain has launched a new AI-powered tool that will help agents identify properties within their CRM, that are likely to come to market within the next 12 months.
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INDUSTRY NEWS
More student accommodation needed to keep up with demand
Developers haven’t been building enough student accommodation, and with international student numbers surging, it’s been putting more pressure on housing supply according to an expert.
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INDUSTRY NEWS
Property prices have nearly recovered all their declines
Property prices rallied again in July and have now nearly recovered all of their 2022 declines, according to PropTrack.
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INDUSTRY NEWS
Adelaide house prices hit a new record high of $700,000
Adelaide’s property market has been arguably the best performed over the past few years, with the median house price hitting another record high in June.
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INDUSTRY NEWS
Auction volumes keep rising, but buyers are still out in force
Despite the unseasonal increase in auction activity, the preliminary auction clearance rate continues to hold above 70 per cent with a “massive” number of registered bidders showing up on auction day.
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INDUSTRY NEWS
Experts predict the RBA will keep interest rates on hold
With inflation cooling, experts have predicted the Reserve Bank of Australia (RBA) will keep interest rates on hold, in what would come as welcome relief for struggling households.
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INDUSTRY NEWS
Harcourts to attempt 500 auctions on ‘Blue Friday’
Harcourts is hoping to “hit the ground running”, this spring with a world record attempt for the most number of auctions in one day.
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INDUSTRY NEWS
When will movers return to the NZ market?
Owner-occupiers in New Zealand have been quiet over the past 12 months, with weak sentiment and higher interest rates holding movers back from relocating.
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INDUSTRY NEWS
Property prices have recovered half their declines
Property prices have continued to gain momentum in the June quarter with values now halfway into their recovery according to a new report.
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INDUSTRY NEWS
Odds of an August rate hike slashed as inflation cools
There might be relief ahead for mortgage holders with the odds of an August rate hike slashed after a softer-than-expected inflation reading.
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INDUSTRY NEWS
House in the same street as The Block homes comes up for sale
If you think you can do a better job of renovating a home than the contestants on TV series, The Block, then a Hampton property in Melbourne, might just give you an opportunity to test your skills as a renovator.
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INDUSTRY NEWS
Property market still faces “significant headwinds” despite a rebound in prices
After six months of property prices rising in the face of high-interest rates, the ongoing recovery still faces “significant headwinds” in the second half of 2023 according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
NZ sales activity jumps and prices should follow
There are signs of life in the New Zealand property market, with new data showing that sales volumes are on the rise, which will begin to put upward pressure on prices.
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INDUSTRY NEWS
Higher cash rate hitting new home sales
The sharpest increase in the official cash rate in history has seen new home sales across the country continue to fall.
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INDUSTRY NEWS
Some relief for QLD renters as vacancy rates rise
There are some green shoots appearing for desperate renters in Queensland, with vacancy rates slowly starting to rise.
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COMMERCIAL
High-interest rates the key driver of commercial property in 2023
The Real Estate Institute of Australia (REIA) expects to see interest rates remain at elevated levels, which will continue to drive commercial capitalisation rates higher over 2023.
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INDUSTRY NEWS
Offices sales top industrial for most transacted
After the huge interest in industrial assets in recent years, the trend is now starting to normalise with sales of office assets overtaking industrial.
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INDUSTRY NEWS
South Australia set to ban no-cause evictions under new rental changes
South Australia is set to be the next state to reform its rental laws, with tenants to be protected from no-cause evictions under the proposed changes.
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INDUSTRY NEWS
Trend towards lifestyle locations set to continue
Queensland and Western Australia are set to be the big winners as people continue to flee the big cities and seek out affordable lifestyle locations.
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INDUSTRY NEWS
Unit prices surge across Melbourne
Unit prices in Melbourne have bounced back strongly, with some suburbs seeing quarterly growth as high as 25 per cent, according to the Real Estate Institute of Victoria (REIV).
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INDUSTRY NEWS
An “extended pause” on the cards for interest rates
The ANZ bank has predicted the Reserve Bank of Australia will keep interest rates steady in an "extended pause" next month.
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INDUSTRY NEWS
Homeowners forced to work 3.6 weeks per month just to pay their mortgage
If it feels like you’re working all week long just to end up with nothing to show for it, then you might be right, with new data showing a single-income household spends 3.6 weeks, on average, working each month just to pay the mortgage.
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INDUSTRY NEWS
New housing construction continues to decline but costs are easing
Despite record demand for homes, the latest ABS construction data shows the pipeline of new homes continues to slow, with building starts down 16.4 per cent compared to last year.
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