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INDUSTRY NEWS
REIA honours the industry’s best at National Awards for Excellence
The winners of REIA's National Awards for Excellence (NAFE) 2022 have been announced with a host of industry leaders being honoured across 21 categories.
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INDUSTRY NEWS
Home Guarantee Scheme to put upward pressure on property prices
The recently expanded Home Guarantee Scheme announced in the latest Federal Budget could put further upward pressure on property prices according to experts.
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INDUSTRY NEWS
5 factors that drive success on auction day
With the auction process more popular than ever, a new report has identified five key factors that drive success on auction day.
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INDUSTRY NEWS
New Instagram scam targets top real estate agents
A real estate media coach has warned agents about an online scam targeting the industry aimed at stealing top agents' Instagram profiles to push a Bitcoin fraud.
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INDUSTRY NEWS
Sydney office market returning to normal
The Sydney office market is slowly returning to normal post Covid, with tenants increasingly searching for larger spaces to rent.Â
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INDUSTRY NEWS
New Zealand house prices continue to soften
New Zealand property prices are growing at a slower rate, with the latest CoreLogic House Price Index (HPI) showing a 0.7 per cent rise last month.
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Celebrity Homes
Julia Gillard’s former Altona home sells
The modest former Altona home of former Prime Minister Julia Gillard has sold for $1.26 million at auction.
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INDUSTRY NEWS
Home loan commitments decline from record highs
The value of new home loan commitments fell 3.7 per cent to $32.3 billion in February after a record high in January, according to new data from the Australian Bureau of Statistics (ABS).
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INDUSTRY NEWS
Australia’s smaller capital cities drive property price growth
CoreLogic's latest national home value index shows house prices rose by 0.7 per cent in March, led by the smaller capital cities that continue to outperform their larger counterparts.
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INDUSTRY NEWS
Local property markets to benefit from green energy push
With the Federal Government pushing the country to be carbon-neutral by 2050, the increase in demand for different minerals could benefit a number of local economies and their property markets according to a leading economist.
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Celebrity Homes
Adam Levine pays $52 million for Rob Lowe’s former estate
Rocker Adam Levine and his model wife Behati Prinsloo have forked out US$52 million for Rob Lowe’s former Montecito mansion
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INDUSTRY NEWS
Australia’s house price growth continues to slow
Australian house prices have grown by 0.34 per cent in March, the slowest since March 2020 according to new data.
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INDUSTRY NEWS
First home buyers could turn to rentvesting in Sydney and Melbourne
Priced out of the major cities, first home buyers could choose to rentvest in what’s becoming a more popular option according to new analysis.
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INTERNATIONAL
Who will be the world’s first trillionaire?
The pandemic saw the fortunes of the world's wealthiest people skyrocket with the race now on to become the world's first trillionaire.
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INDUSTRY NEWS
Sydney and Melbourne markets swing in favour of buyers
A two-speed Australian property market has started to emerge as demand for real estate in Sydney and Melbourne wanes, new data shows.
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INDUSTRY NEWS
Cindy Crawford’s former Malibu mansion up for grabs for $100 million
A luxury cliffside Malibu estate previously owned by supermodel Cindy Crawford has been listed for sale for a record-setting US$99.5 million.
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INDUSTRY NEWS
Amazon Prime announces season 3 of Luxe Listings Sydney
With season 2 of Luxe Listings Sydney set to air on Friday, Amazon Prime has announced season 3 of the hit series will launch later in 2022.
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INDUSTRY NEWS
One in three borrowers on the brink of financial stress
Borrowers are starting to feel the pinch of rising living costs, with one in three now on the brink of financial stress, according to new data.
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Celebrity Homes
Katherine McPhee lists renovated Hollywood home
Singer-songwriter and actress Katherine McPhee best known for her stint on American Idol is selling her Hollywood home for US$2.695 million.
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INDUSTRY NEWS
REIQ calls for help for property managers
The Real Estate Institute of Queensland (REIQ) is calling for better support for property managers who are struggling to deal with the ongoing pressure caused by the tight rental market and recent flood events.
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INDUSTRY NEWS
NZ first home buyers struggling to get a mortgage
First home buyers in New Zealand are struggling to get a mortgage with tighter lending requirements and rising interest rates squeezing borrowers, according to a leading expert.
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INDUSTRY NEWS
Sydney and Melbourne see growing demand for CBD offices
The Sydney CBD office market has seen office investment double in the past 12 months, as demand for office space in Melbourne also remained strong but steady.
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INDUSTRY NEWS
REIA welcomes the opposition’s regional focus
The Real Estate Institute of Australia (REIA) has welcomed the focus on regional living with the announcement the Leader of the Opposition wants to provide 10,000 places within the First Home Loan Deposit Scheme (FHLDS) for regional Australians living in communities for 12 months or more.
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INDUSTRY NEWS
Home Guarantee Scheme to be continued and expanded
First home buyers will continue to get assistance entering the property market from the Federal Government, with the announcement that the home guarantee schemes will be continued and expanded.
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INDUSTRY NEWS
QLD industrial market to remain strong despite flooding
Despite floods impacting a huge portion of south east Queensland, the roaring industrial property market is likely to remain strong according to a leading expert.
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INDUSTRY NEWS
Sales by auction have doubled in the last decade
The popularity of auctions continues to grow, with the number of homes sold via the auction sale method doubling in the past decade.
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INDUSTRY NEWS
Voters worry young people won’t be able to buy a home
Nearly three quarters of voters fear young Australians will never be able to afford a home according to new research.
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INDUSTRY NEWS
Homebuyers cautious of potential natural disasters when moving to regions
Three-quarters of Australians would consider moving to a large regional centre under the right circumstances but are wary of the risk of extreme weather events, according to new research.
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INDUSTRY NEWS
The Sydney suburb that is Australia’s tightest housing market
North Sydney is the most undersupplied market in Australia with ‘extraordinarily low’ inventory levels making life tough for buyers according to new analysis.
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INDUSTRY NEWS
Young Aussies stuck living at home longer
The rising cost of housing around the country is forcing young Australians to stay at home longer with 25 per cent of millennials still stuck with their parents after turning 30.
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INDUSTRY NEWS
First home buyers forced to save for 11 extra months to afford a home
Average couples are now forced to spend 11 additional months saving for a deposit to afford an entry-level house compared to the same time last year according to new research.
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Celebrity Homes
Adam Levine lists his mansion for $57.5 million
After recently stating they would never sell, Adam Levine and his supermodel wife Behati Prinsloo have listed their luxury LA compound for US$57.5 million. According to The Dirt, the couple purchased the three acre ranch-style estate from Ben Affleck and Jenifer Garner and have listed the property for US$25 million more than they paid for it. The rocker and his…
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INDUSTRY NEWS
Sydney second to Hong Kong as world’s least affordable property market
Sydney has been named the second most unaffordable housing market in the world according to new research.
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INDUSTRY NEWS
Investors should look to capitalise on rising listings
Buyers should look to capitalise on slowing market conditions and take a long-term approach to investing according to a leading buyers agent.
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INDUSTRY NEWS
One in four NSW and QLD residents not insured for extreme weather
New data suggests 22 per cent of New South Wales and Queensland residents are uninsured against extreme weather events such as floods, bushfires, or storms.
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