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INDUSTRY NEWS
House prices have doubled in two years in some regional areas
The surge in regional house prices has seen values in a number of locations double in just over a year.
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INDUSTRY NEWS
NZ home sales record first annual increase in two years
After being battered by one of the sharpest tightening cycles in the world, there are signs that the New Zealand market might be starting to turn the corner.
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INDUSTRY NEWS
Failed QLD land tax has seen investors flee
The Queensland government’s failed attempt to introduce an expanded land tax has done long-term damage to the state’s stock of rental properties according to new analysis.
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INDUSTRY NEWS
Share house demand surges across the country
Rapidly rising rents and a lack of rental properties are forcing renters to return to share houses in a bid to save money and secure a place to live.
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Real Estate Agent Events
Cyber security for real estate agencies
Trust is the bedrock of every successful real estate agency and in today’s world of data breaches, that trust must now extend to digital trust, according to an expert.
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INDUSTRY NEWS
Recent borrowers could end up spending 50 per cent of their income on their mortgage
Homeowners could be soon forking out up to 50 per cent of their income on mortgage repayments if the cash rate reaches 4.6 per cent according to new analysis.
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INDUSTRY NEWS
New home sales rise in May but remain low
New home sales have increased for a second month, however, they still remain sharply lower than the same time last year as the impact of higher interest rates continues to weigh on the market.
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INDUSTRY NEWS
New listings push higher as stock levels slowly rise
In good news for buyers, new listings have rebounded nearly 20 per cent last month, however, the flow of fresh levels is still lower than the same time last year.
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Elite Agent TV
Nick Borelli: Overcoming extreme adversity
After miraculously waking up from a two-week coma and surviving multiple organ failures after a mystery illness struck, Nick Borelli knew that he needed to pursue his passion in life.
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INDUSTRY NEWS
Homelessness across Victoria surges by up to 435 per cent in some areas
The housing crisis continues to hit the most vulnerable hardest of all, with a new report finding that homelessness across Victoria has increased by 435 per cent in some areas.
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INDUSTRY NEWS
Rents surged up to 27.5 per cent in the past 12 months
Rents have jumped by as much as 27.5 per cent over the past 12 months marking the largest increase since 1994.
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INDUSTRY NEWS
More land needed in South-East Queensland to ease the housing crisis
The influx of people moving to Queensland from both overseas and interstate is putting the housing market under extreme pressure, with an expert calling for more land to be released to help ease the crisis.
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INDUSTRY NEWS
More than 40 per cent of suburbs see rents increase by double-digits
Surging migration and tight supply have led to 44.4 per cent of house and unit markets seeing rents increase by 10 per cent in the past 12 months.
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INDUSTRY NEWS
Property prices could make new highs in 2024
If the current rebound in property values can continue, prices will make fresh highs in January 2024 according to a new report.
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INDUSTRY NEWS
Luxurious Perth French chateau-style home labelled the ‘finest in the country’, hits the market
A custom-designed Perth home, with a French-inspired feel, has just been listed for sale with price hopes of more than $14 million.
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INDUSTRY NEWS
One in four properties purchased without a mortgage
Cash buyers have been active on the East Coast, with a new report showing that 25 per cent of all property purchases in 2022 were made without a mortgage.
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INDUSTRY NEWS
Office market underperforms compared to industrial and retail
Demand continues to wane for office assets as ongoing low occupancy rates and the changing nature of the workplace are leading investors to focus on other asset classes according to an expert.
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INDUSTRY NEWS
House and unit rents finally fall in some cities, while room rents surge
Pressure might be starting to ease in some of the country's most tightly held rental markets with new data showing that asking rents fell in a number of capital cities last month.
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INDUSTRY NEWS
Number of borrowers struggling to pay their home loan has surged
The record increase in interest rates is starting to weigh on borrowers with new research finding 40 per cent of mortgage holders struggled to pay their home loan in May.
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INDUSTRY NEWS
Affordable capital cities the best option for buyers
The cheaper capital cities of Adelaide and Perth continue to attract buyers and have the potential for more capital growth according to an expert.
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INDUSTRY NEWS
Taxing vacant homes and holiday rentals could help ease the housing crisis
Incentivising investors, taxing vacant homes and holiday rentals and releasing more land are all measures being considered to address the current housing crisis according to the industry.
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INDUSTRY NEWS
The Sydney suburbs tipped to see values rise
With home prices rebounding across Sydney in recent months, a number of high-profile suburbs including Kogarah Bay, North Bondi and Paddington are tipped to see even more growth according to a new report.
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INDUSTRY NEWS
Rental affordability at the worst level in 8 years
Surging immigration and fewer people per home has seen rental affordability fall to the lowest level in eight years according to a new report.
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INDUSTRY NEWS
Cashback offers for refinancers ‘dropping like flies’
The surge in refinancing as borrowers attempt to combat the Reserve Bank of Australia’s (RBA) hiking cycle is putting pressure on lenders with cashback offers getting slashed.
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INDUSTRY NEWS
Covid fallout to cause supply shortages for another two years
The impact of COVID-era policies is likely to lead to a lack of housing supply for the next two years according to new research.
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INDUSTRY NEWS
Bank of Mum and Dad prepared to give kids $33,000 to buy a home
The bank of Mum and Dad has long been the way many first-home buyers get into the market and a new report has found that parents are prepared to give their kids $33,000 to get them into a property of their own.
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INDUSTRY NEWS
Rising home prices might see listings increase
If the current growth in home prices continues, listings could increase by two per cent this year, according to an expert.
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INDUSTRY NEWS
New Zealand homeowners feel the pain as loss-making resales spike
Properties reselling at a loss have reached a seven-year high in New Zealand as the impact of higher interest rates continues to hit homeowners.
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INDUSTRY NEWS
Industrial property holds up as commercial growth declines
Higher interest rates have seen the growth in commercial assets dry up, however, industrial property continues to hold up according to an expert.
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INDUSTRY NEWS
Brisbane homeowners spend the most to renovate their homes
Brisbane has emerged as the leading location in the country for home renovations, with new research finding homeowners in the Queensland capital spent $880 million on home improvements in 2022.
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INDUSTRY NEWS
The top 10 holiday homes across Australia
Stayz has announced its 2023 Holiday Homes of the Year with the top three luxury properties located on the Sunshine Coast in Queensland, Berry in New South Wales and Wilyabrup in Western Australia.
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INDUSTRY NEWS
Surging immigration sees share of cheap rentals plummet
Conditions for renters continue to go from bad to worse, with new data showing that surging immigration has pushed the share of rentals listed for under $400 per week to fall to a record low 16.2 per cent.
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INDUSTRY NEWS
Cliff-hugging Tasmanian property named home of the year
A stunning Tasmanian home that has been labelled “a once-in-a-lifetime build”, has been named the Housing Industry Association (HIA) CSR 2023 Australian Home of the Year.
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INDUSTRY NEWS
90 per cent of NSW teachers can’t afford to live where they teach
The surging cost of housing over the past decade has led to teachers being unable to afford a home in the same location that they teach in according to new research.
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INDUSTRY NEWS
Listings up 5.6 per cent compared to last year
Property listings experienced their traditional lull during April, however, in positive news for homebuyers, they are now higher than the same time last year.
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