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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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INDUSTRY NEWS
South Australia’s top performed locations likely to see more growth
The South Australian property market has defied the national downturn, with a host of well performing suburbs set for more growth, according to new figures.
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INDUSTRY NEWS
PropTech funding climate shifts as market conditions improve
The funding market for PropTech companies is experiencing a positive shift, making it easier for businesses to access capital, according to an expert.
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INDUSTRY NEWS
ATO has rental property deductions in its sights
The Australian Tax Office (ATO) has announced it will be targeting rental property deductions and capital gains tax this tax season.
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OPINION
Jimmy Burgess: 7 tips to transform your real estate business
Moving your real estate business to the next level is a process of incremental improvement, however, there are a number of steps you can take on a daily basis to help fast-track the process.
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TECH + SOCIAL
R2-D2: Amazon’s Astro robot is getting its own ChatGPT brain
Unlike R2-D2, who needed a protocol droid like C-3PO to translate its beeps, Amazon's new Astro robot will soon be able to speak your language right out of the box thanks to a new Chat GPT-like brain.
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INDUSTRY NEWS
Harry Triguboff to develop BTR apartments in Brisbane
Harry Triguboff has purchased “the best site in Brisbane” and is looking to develop a build-to-rent apartment building after a decade-long absence from the Queensland capital.
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Elite Agent TV
Innovating the market: Amanda and Ben Stevens’ trailblazing approach to real estate in Wellington
When Amanda Stevens and husband Ben Stevens started their own agency nearly 15 years ago, they not only had to grow the business but also create many of the systems and processes that most agents today take for granted.
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INDUSTRY NEWS
Property prices rise across regional WA, but some relief for renters
Tight supply and expensive build costs are putting upward pressure on property values across regional Western Australia.
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INDUSTRY NEWS
Small investors remain active in the commercial market
Higher interest rates have contributed to slowing commercial property sales, however, assets under $5 million are still popular with investors according to an expert.
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Real Estate News
Mark Carter: understanding and delivering value can generate more listings
Understanding your value proposition and knowing how to add value can help grow your real estate business according to an expert.
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Celebrity Homes
Feeling bored? Go for an indoor swim
A stunning Olinda house with its very own indoor, spring water pool and spa has officially hit the market with a price guide of $2.4-$2.64 million.
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INDUSTRY NEWS
Building approval drop adds more fuel to the housing crisis
The housing crisis across the country could get worse after building approvals dropped to their lowest level in a decade, according to experts.
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INDUSTRY NEWS
Are renters being forgotten with the focus on mortgage holders?
Despite the ongoing attention on mortgage holders getting hit with higher interest rates, renters are actually the ones that are far worse off according to new research.
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INDUSTRY NEWS
Foreign buyers return to the Australian housing market
Foreign buyers are returning to the Australian market following a drop in numbers in 2022, according to a new property report.
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INDUSTRY NEWS
The big four banks pass on the latest rate hike
There’s no relief in sight for borrowers, with all big four banks announcing they will pass on the latest 25 basis point rate hike.
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SUPPLIER NEWS
Developing a team of auctioneers with the skill to handle anything
A focus on mentoring and working as a team has been credited with helping AuctionWORKS' auctioneers develop the skills to handle the plethora of situations auction day throws at them and generate the best results for clients.
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INDUSTRY NEWS
The force is strong in this Star Wars-themed property
Star Wars fans could be the talk of the Galactic Empire with this one-of-a-kind, block of land that comes with DA approval for a home that is built like a Star Wars-themed spaceship.
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Celebrity Homes
Fit for royalty: King Charles III’s property portfolio
King Charles III, who recently ascended to the throne following the passing of Queen Elizabeth II, has taken possession of an impressive collection of royal residences and palaces.
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INDUSTRY NEWS
Why real estate agents can’t “bury their head in the sand” with AI
In less than six months, Chat GPT has exploded onto the scene and has changed the way businesses all around the world are operating.
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INDUSTRY NEWS
Confidence returns to the property market
Confidence is slowly returning to property markets across the country, with demand for quality properties still remaining high according to experts.
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INDUSTRY NEWS
The rate debate: 55 per cent of experts expect a rate rise
Despite the Reserve Bank of Australia (RBA) holding rates steady last month and inflation appearing to reach a peak, 55 per cent of experts think the board will hike the cash rate again at the May meeting.
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INDUSTRY NEWS
REIV calls for an alternative to stamp duty
The Real Estate Institute of Victoria (REIV) has urged policymakers to do away with “lazy” taxes like stamp duty and find a more effective solution such as a land tax.
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INDUSTRY NEWS
Buyers increasingly focused on lifestyle and location: HTW
While interest rates and affordability have dominated the headlines, most home buyers are increasingly focused on access to transport, lifestyle and community when making their purchase decision according to the latest Herron Todd White (HTW) Month in Review.
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