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INDUSTRY NEWS
October clearance rates hit a seven-month high
Auction clearance rates bounced to a seven-month high across the combined capitals and volumes have risen as sellers adjust to the new market conditions.
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Perth most affordable for first home buyers
Perth is the cheapest location in Australia to buy a home with the outer suburbs representing good value for first home buyers according to an expert.
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The Office fans can experience a night inside Dunder Mifflin
Fans of the US version of The Office will soon get to experience exactly what it would be like to live and work inside Dunder Mifflin.
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Celebrity Homes
Dr Dre lists his Malibu beach house for $20M
Music mogul Dr Dre is set to part ways with his long-held Malibu beach house, asking US$20 million for the property.
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FRANCHISE NEWS
Craig Pontey and Michael Finger move to McGrath
High-profile Double Bay agents, Craig Pontey and Michael Finger have officially moved over to ASX-listed McGrath after 35 years with Ray White.
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INDUSTRY NEWS
Interest rates and lending buffer see investors stuck on the sidelines
The rapid increase in interest rates is continuing to weigh on property prices and is making it more difficult for buyers to enter the market, according to a new report.
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RBA remains set on taming that troublesome inflation
Reserve Bank of Australia, Governor, Phillip Lowe is set to continue increasing the official cash rate in an attempt to tackle “evil” inflation that is slowly becoming ingrained in the economy.
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Australian suburbs where days on market have increased the most
Units in Ballarat Central in Victoria have seen their selling time increase the most in the country, according to new data.
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Rising rates cool New Zealand property prices
Rising interest rates are continuing to put pressure on home prices in New Zealand, with the latest data from CoreLogic showing values fell another 1.3 per cent in October.
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The commercial property that’s set to benefit from Federal Budget
The childcare and aged-care sectors are set to receive a boost after the Federal government committed to increasing its investment in the sectors.
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Home price falls stabilise in October
National home prices recorded a small decline in October as values continue to stabilise.
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Major banks tip cash rate will peak at 3.85%
Today's 0.25 per cent increase to the cash rate is less than two of the big banks predicted, with both the NAB and Westpac tipping it would rise 0.5 per cent on Melbourne Cup day.
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INDUSTRY NEWS
Land sales spike in South East Queensland
Demand for land in South East Queensland remains elevated with sales up to 10 times higher than pre-pandemic levels in some areas while just seven suburbs have a median price under $300,000.
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Why 2021 was the exception, not the rule, in the property market
After a record-setting year for real estate last year, transaction volumes and prices have dropped, however, 2021 should be looked at as an outlier and not a benchmark according to an expert
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Experts predict another cash rate rise from the RBA
There’s likely more pain ahead for borrowers with 97 per cent of experts expecting the RBA to hike the cash rate at the November meeting.
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INDUSTRY NEWS
House buyback scheme announced for Northern Rivers flood victims
Two thousand homeowners affected by this year's severe flooding across Northern NSW will be able to access a land buyback scheme and additional support to raise or flood-proof their homes under a new government scheme.
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House prices are falling at the fastest quarterly rate on record
Rising interest rates, surging inflation and high levels of household debt have seen home prices across the country fall at their fastest-ever quarterly rate.
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Unit prices falling slower than houses
Unit values across the country are likely to be more resilient during the current market downturn according to an expert.
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Central Place Sydney receives DA approval from City of Sydney
Sydney’s new tech precinct, continues to take shape, with Central Place Sydney receiving Development Application approval from the City of Sydney.
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The world’s most incredible cliff-top homes
Modern building techniques have enabled homes to be constructed in some of the most beautiful yet challenging locations.
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It’s still possible to buy a house under $1 million within 5km of the city
Despite the record increase in house prices across the country in recent years, it’s still possible to find homes under $1 million within 5km of the city.
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Rain and trains hampering office occupancy recovery
Continued heavy rain across the East Coast as well as public transport disruptions have slowed the return to the office for many CBD workers.
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Celebrity Homes
Kourtney Kardashian and Travis Barker buy Conan O’Brien’s oceanfront getaway
Newlyweds, Kourtney Kardashian and Travis Barker appear to have found their first joint home, having purchased Conan O’Brien’s oceanfront getaway in Carpinteria.
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Rental supply at the lowest level in two decades
Rental stock across Australia has reached the lowest level since 2003 led by the reopening of international borders, putting more pressure on renters than ever before.
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Fractional ownership of holiday homes comes to Australia
If you've ever wanted to own an overseas luxury home but wondered how you could afford it, a new company is helping Australians make that dream become a reality.
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Sydney property prices have fallen 10 per cent since February
Property prices in Sydney continue to feel the effects of the downturn, with new data showing values have now declined 10.1 per cent from their peak, according to CoreLogic.
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Property manager Kate Hansen’s second chance at life
On her 32nd birthday, Kate Hansen died for 15 minutes. The Ray White property manager, who was desperately ill and in need of a kidney and pancreas transplant, was brought back to life by paramedics using CPR for 90 minutes.
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Lizzo picks up $15 Million Beverly Hills estate
Rapper Lizzo is moving to Beverly Hills, picking up a stylish estate once owned by Harry Styles for US$15 million.
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Buyers need to weigh up the risk of falling property prices
Home buyers need to weigh up the risk of falling property prices as the Reserve Bank of Australia continues to raise interest rates according to an expert.
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INDUSTRY NEWS
Australian property companies the most sustainable in the world
Australian property companies have taken out top position for the 12th consecutive year, in the GRESB Real Estate Assessment ranking for sustainability.
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