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Real Estate News
REIA calls for homebuyer help and the creation of property jobs
The Real Estate Institute of Australia (REIA) President Hayden Groves
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INDUSTRY NEWS
CBA lifts fixed home loans 0.2 per cent
The Commonwealth Bank has increased interest rates on its fixed home loans by as much as 0.20 per cent.
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INDUSTRY NEWS
Greens call for mandatory air conditioning in Victorian rental properties
Leader of The Victorian Greens, Samantha Ratnam has called on the State Government to amend the minimum standards for rental properties to include air conditioning.
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INDUSTRY NEWS
New listings still won’t meet demand in NSW
A flood of new listings set to come to market this month will not be enough to make a tangible impact on undersupply in New South Wales.
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INDUSTRY NEWS
More than 1 million households have never had an RBA rate rise
After more than a decade of easy monetary policy from the RBA, new data shows that over 1.1 million households in Australia have never experienced an interest rate rise.
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INDUSTRY NEWS
Perth home values skyrocket as rental pressure eases
Perth property prices have skyrocketed in January, as rental market pressure eases
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Real Estate News
Sydney city and coastal living now ‘overpriced’ in NSW
NSW coastal hotspots such as the celebrity playground of Byron Bay have been listed as overpriced, while regional towns such as Albury-Wodonga and Wagga continue to offer good value, according to new research. Analysis from InvestorKit Founder, Arjun Paliwal, found NSW’s most populated coastal towns, including Newcastle, Wollongong, Shoalhaven, Port Macquarie and Byron Bay, to be the most unaffordable locations…
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INDUSTRY NEWS
Homebuyers could see borrowing power slashed by $169,000
A typical couple could lose as much as $169,000 in borrowing capacity if the RBA hikes interest rates to 1.75 per cent according to new research.
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INDUSTRY NEWS
The real estate industry to focus on people and sustainability in 2022
After a year that saw both record house price growth and tough conditions, the industry needs to continue to focus on people and sustainability
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INDUSTRY NEWS
More than half of economists predict a rate rise in 2022
A new survey has found that interest rates could be on the rise with 58 per cent of economists expecting the RBA to hike rates in 2022.
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INDUSTRY NEWS
New research reveals Australia’s cheapest rental market
Adelaide is the cheapest rental market in the country where renters will need to pay just $447 per week.
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INDUSTRY NEWS
Hobart to lead national price growth in 2022
2022 looks set to be another strong year for property prices with Hobart set to be the standout performer.
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INDUSTRY NEWS
Victoria home to the most tenant-friendly locations
The Melbourne fringe suburb of Hoppers Crossing has been named Australia's most 'tenant-friendly' for its close proximity to the CBD, low rent rates and mix of amenities.
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INDUSTRY NEWS
Soaring prices makes Port Hedland the best in the west
Port Hedland was the top-performing region in Western Australia in 2021, with house prices increasing 44.7 per cent.
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Celebrity Homes
Legend and Teigen list their NYC penthouse project
Celebrities John Legend and Chrissy Teigen have listed their New York City penthouse project for US$18 million.
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INDUSTRY NEWS
Australia’s median house price soars past $1 million
Australia's median house price has hit a record high, soaring above $1 million according to new data.
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Celebrity Homes
Pretty Woman star Richard Gere selling mansion for $28 million
Hollywood star, Richard Gere has listed his 50-acre, upstate New York mansion known as Pound Ridge for sale for an impressive $28 million.
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Real Estate News
Regional Victorian house prices achieve record gains
House prices across regional Victoria have had an impressive 12 months of growth, recording the largest annual increase since 2001.
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Real Estate News
WA border delay to keep pressure on housing supply
Western Australia’s housing market will continue to remain tight following the State Government's decision to keep borders closed indefinitely.
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Real Estate News
Sales of new detached homes in a ‘super cycle’
Sales of new detached homes increased by 11.3 per cent in December putting the level of demand in ‘super cycle’ territory according to a leading economist.
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Real Estate News
eXp Realty heads to New Zealand
Cloud-based brokerage eXp Realty is continuing its rapid worldwide growth by expanding its real estate operations into New Zealand, the Dominican Republic, and Greece in the first quarter of 2022.
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INDUSTRY NEWS
Inner city buyers and townhouse demand to drive property market in 2022
Reverse sea-changers and people moving back to the inner city and into townhouses could be the driving force behind the property market in 2022 according to a leading buyers agent.
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INDUSTRY NEWS
Industrial property to outperform in 2022
Industrial property will continue to be a standout performer in the commercial sector while CBD office and retail will potentially struggle in 2022.
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Celebrity Homes
Rolling in the dollars: Adele set to buy Rocky’s house
Singer Adele is getting ready to move into Sylvester Stallone’s Beverly Park Mansion after reportedly making an offer on the movie star’s property.
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INDUSTRY NEWS
Build-to-rent-to-buy housing to help vulnerable ACT women
A new initiative from the ACT Government aims to help vulnerable and at-risk women get onto the property ladder.
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INDUSTRY NEWS
Residential land value hits $6.6 trillion with further increases tipped
The value of residential land in NSW might have hit $2.67 trillion, but it’s still worth less than tech company Apple.
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INDUSTRY NEWS
Central coast home jumps by $4 million in 18 months
A luxury home for sale on the Central Coast has increased in value by $4.5 million in und two years, highlighting the surge in demand for properties in the area.
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INDUSTRY NEWS
Profit making resales rise despite lockdowns
The rate of profit making resales continued to increase last quarter, overcoming widespread lockdowns in many areas of the country.
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INDUSTRY NEWS
WA skills shortage could lead to an affordability crisis
A new Property Council report has revealed 35 per cent of new apartment developments are on hold across Perth due to the impact of the state’s ongoing skills shortages.
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INDUSTRY NEWS
Value of home loan commitments rises after three months of falls
New loan commitments rose 6.3 per cent according to the latest data from the ABS marking continued strength in the national housing market.
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INDUSTRY NEWS
Every New Zealand suburb grew in value in 2021
A new report has highlighted just how strong the New Zealand property market has been, with every suburb showing positive capital growth in the past 12 months.
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INDUSTRY NEWS
Rents hit record highs in most capital cities
The latest data from Domain shows that rents across most capital cities in Australia are now at record high levels.
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Celebrity Homes
Bethenny Frankel’s loft hits the market
Reality TV star Bethenny Frankel’s Soho Loft has hit the market with an asking price of US$6.995 million.
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INDUSTRY NEWS
First home buyer lending in NZ likely to slow down
The first home buyer market in New Zealand is likely to slow down in 2022 as banks continue to reduce low deposit home loans according to new analysis from CoreLogic.
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INDUSTRY NEWS
Is this the end of ultra-low fixed rates?
The era of ultra-low fixed rate loans could be over as interest rates on fixed rate loan products continue to increase.
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