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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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INDUSTRY NEWS
New listings in Sydney hit the highest level in 14 years
Sydney has experienced the biggest surge in new listings since 2009, with vendors rushing to the market as Spring selling season kicks off.
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INDUSTRY NEWS
Short-stay accommodation increase contributing to the rental crisis
A sharp increase in the number of homes being put up as short-term accommodation is adding to the ongoing rental crisis according to the Real Estate Institute of Australia (REIA).
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INDUSTRY NEWS
Rising interest rates lead to poor mental health and increased stress
The impact of rising interest rates is taking a huge toll on borrowers, with 75 per cent of mortgage holders negatively impacted in their personal lives.
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INDUSTRY NEWS
Rise in new businesses to drive demand for commercial property
The number of new businesses getting started is increasing and it will likely lead to rising demand for commercial property according to an expert.
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INDUSTRY NEWS
Perth’s tight market sees prices and rents continue to rise
Low listings and rentals have kept upward pressure on home and rent prices across Perth, according to the latest data.
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INDUSTRY NEWS
“Buyers are back”, as higher prices boost confidence
The likelihood that rate hikes have ended and rising prices, has seen buyers return to the market according to a new report.
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INDUSTRY NEWS
Domain’s updated app to create more engaged buyers
Domain’s recently updated app aims to help boost buyer engagement and make life easier for sales agents.
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INDUSTRY NEWS
Housing affordability hits the worst level in three decades
The great Australian dream of home ownership is becoming a nightmare for many families, with new data showing that median-income earners can afford just 13 per cent of homes across the country.
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INDUSTRY NEWS
QLD and WA suburbs continue to outperform
The property market across the country continues to look increasingly positive, with an expert tipping more growth is still ahead for many areas.
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INDUSTRY NEWS
Property prices have bounced again in August
Spring selling season has arrived and property prices are continuing to heat up, with new data showing that values jumped 0.28 per cent in August.
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INDUSTRY NEWS
NZ property prices inching closer to a “floor”
The “floor” in New Zealand property is getting close, with values falling just 0.2 per cent last month according to CoreLogic NZ.
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INDUSTRY NEWS
Three reasons rent growth could slow in 2024
There could be some relief on the way for struggling renters, with rental growth likely to start slowing down according to an expert.
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INDUSTRY NEWS
Sydney’s luxury rental growth surges 13.1 per cent
Demand for Sydney luxury property has continued to surge with new data showing that rents have increased 13.1 per cent over 12 months.
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INDUSTRY NEWS
PEXA acquires environmental analytics company Land Insight
Digital property settlements platform PEXA Group is expanding their offering after acquiring environmental analytics company Land Insight.
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INDUSTRY NEWS
REIA calls for more to be done to help ease rental crisis
The Real Estate Institute of Australia (REIA) is calling for an all-encompassing approach to deliver more homes and better conditions for renters to help ease the current rental crisis.
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INDUSTRY NEWS
Strong yields on offer in new home markets
Investors looking to buy new house and land are able to achieve yields of more than 7 per cent, thanks to the ongoing shortage of housing according to a new report.
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INDUSTRY NEWS
It costs $75,000 less to build a new home closer to Sydney CBD
Housing built closer to the Sydney CBD could end up saving $75,000 in infrastructure-related costs per home according to new research.
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INDUSTRY NEWS
5 times celebrities sold homes to each other
In recent years, Hollywood celebs have been busy buying and selling real estate and it’s becoming more common to see A-listers selling homes to each other.
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INDUSTRY NEWS
Katrina Garwood and Ian McCallum join The Agency in Tasmania
The Agency is expanding in Tasmania with the highly successful team of Katrina Garwood and Ian McCallum joining the national real estate brand.
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INDUSTRY NEWS
Affluent Sydney suburbs expected to outpace more affordable areas
Suburbs in the middle and upper end of the Sydney property market are expected to grow by as much as nine per cent in the next six months, far more than more affordably priced homes according to a new report.
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INDUSTRY NEWS
Strata managers struggling with verbal abuse and long hours
Strata managers are increasingly facing difficult working conditions, with nearly two-thirds facing verbal abuse from both owners and tenants on top of long hours.
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INDUSTRY NEWS
Rents likely to rise as vacancy rates fall again
There’s still no relief for struggling renters, with vacancy rates falling again in July.
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INDUSTRY NEWS
Bunbury tops the list of promising regional locations
Bunbury in the southwest of Western Australia has emerged as a top growth candidate, as the state's population continues to grow at a rapid rate.
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Elite Agent TV
Rising to the top: Elliott Placks on leadership, success, and innovation in Australian real estate
As the managing director of one of the highest-profile and top-performing agencies in the country, Elliott Placks understands that it takes a unique type of person to be an agency owner.
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INDUSTRY NEWS
Soft new home sales to hit builders in 2024
Australia is on the cusp of home building hitting a decade low at the same time demand for housing has reached crisis levels.
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INDUSTRY NEWS
Industrial assets remain the strongest commercial property class
Commercial assets have been the battling rising interest rates in 2023, however, industrial assets have managed to see strong ongoing demand.
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INDUSTRY NEWS
FHBs need up to two decades to save for a home deposit
Young Australians hoping to get into a home of their own are needing to spend up to two decades saving for a deposit according to new research.
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INDUSTRY NEWS
Agents need to plan auction campaigns early ahead of a busy Spring
With listings set to rise this Spring selling season, it’s critical that agents start planning their auction campaigns early to ensure they get the best possible result, according to an expert.
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INDUSTRY NEWS
Renters turn a blind eye to property flaws to secure a property
Renters are putting up with mould, bad smells and even being forced to share a room in a bid to secure a rental property according to a new survey.
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INDUSTRY NEWS
New Zealanders spending half their income on mortgage repayments
Despite property prices easing across New Zealand, mortgage holders are still spending nearly half their income on repayments according to a new report.
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