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INDUSTRY NEWS
The ‘rightsizing’ boom is putting pressure on luxury supply
Sales of luxury apartments are booming and there are growing concerns that supply is going to get increasingly tight.
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INDUSTRY NEWS
Unit rents rise for the first time since before the pandemic
In what is another positive sign for the property market across the country, units rents have risen for the first time since the onset of COVID.
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Celebrity Homes
Beyonce wears Tiffany diamond in $US42 million mansion
A spectacular Bel Air hilltop contemporary home, where Beyonce filmed the iconic Tiffany commercial is officially on the market.
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INDUSTRY NEWS
Victorian Government boosts build-to-rent scheme
The Victorian Government has announced the build-to-rent scheme has been expanded in a bid to encourage investors to build rental properties.
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INDUSTRY NEWS
The Perth suburbs where units are out performing houses
The Perth housing market has been gradually trending higher over the past 18 months and it now appears that the unit market also gaining momentum
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INDUSTRY NEWS
Property Vulnerability Index reveals NZ regions most at risk of downturn
The New Zealand property market has been one of the strongest in the world recently with house prices increasing 27.8 per cent in the past 12 months. However, the price increases have started to cause some issues with affordability and only last week the Reserve Bank of New Zealand (RBNZ) was the first major central bank to increase official interest…
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INDUSTRY NEWS
How AI is helping agents win listings
Real estate agents are taking up technology at ever increasing rates, recognising the role artificial intelligence and machine learning can play in super-powering their listing ability. In today’s world, technology works in tandem with data. When you have information on house values, auctions, open homes, buyers and sellers, and much more, there’s a lot of facts, stats and information to…
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INDUSTRY NEWS
Office occupancy rates call for CBD recovery
As lockdowns on the East Coast begin to wind back, there have been calls for workers and businesses to return to the hard-hit CBD.
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Real Estate News
Riverbank House invites nature in to win Queensland architecture award
Wilson Architects’ Riverbank House has been awarded the Robin Dods Award for Residential Architecture at the Australian Institute of Architects’ Queensland Architecture Awards. The home is one-of-a-kind and sits on the banks of the Brisbane River in Highgate Hill, four kilometres south of the Brisbane CBD. Riverbank House is an interpretation of the classic Queenslander, a quintessentially Australian style of…
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INDUSTRY NEWS
Expats and international investors stoking the local market
International investors and expats looking to return home to Australia are continuing to show strong interest in many markets across the country and are contributing to upward pressure on house prices.
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INDUSTRY NEWS
WA extends its rent relief scheme
The WA State Government has extended the Residential Rent Relief Grant Scheme (RRRGS) which aims to help tenants facing financial hardship.
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Real Estate News
Profit-making resales jump thanks to hot property market
The number of home owners selling their property at a profit jumped in the March 2021 quarter thanks to the record run for property prices.
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Real Estate News
The hot new search term for homebuyers
The world has changed dramatically over the past 18 months and as a result, the types of homes people are wanting to buy has also seen a dramatic shift. According to realesate.com.au, the most popular search term is now ‘study’, indicating that many people are clearly changing the way they work and live. With lockdowns continuing to wreak havoc in…
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Real Estate News
The world’s largest housing bubbles
Australian housing prices have been on a record run over the past 12 months, however, a new report suggests it’s nowhere near the biggest bubble in the world.
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Celebrity Homes
Frank Sinatra’s mountain retreat returns to the market
The former home of legendary entertainer Frank Sinatra is on the market once again and already there is a flurry of interest in the exquisite desert getaway. The 7.5-acre estate in Palm Desert, California has been on and off the market for a number of years after and the property which is listed at $4.25 million, is already receiving inquiries…
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Real Estate News
137 fines issued as NSW Fair Trading targets real estate compliance
NSW Fair Trading has been out in force in recent weeks, making sure agents are complying with legislation put in place to protect consumers.
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Real Estate News
Australian property is selling faster than ever
Demand for property across the country is higher than ever with the average days on market tumbling last month.
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Real Estate News
House prices in Australia and New Zealand growing at record pace
House prices across the planet are growing at a rapid rate, with both Australia and New Zealand some of the best performers in the last 12 months.
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Real Estate News
Herron Todd White names potential growth hotspots
For every Bondi Beach, there are dozens of other suburbs that don’t have the same notoriety, yet have the potential for incredible growth. Herron Todd White has compiled its list of ‘unsung hero hotspots’, which are suburbs that might not get as much attention as their famous neighbours, but are ripe for growth in an already strong property market. NSW…
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Celebrity Homes
Which celebrity has the most desirable home?
Everyone loves to peek inside the lives of famous celebrities and now a new study has identified which celebrity homes are the most desirable.
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SELLING + MARKETING PROPERTY
Boosting exposure with innovative marketing
With listings and transactions taking a hit as a result of COVID-19, agents have increasingly been looking to more innovative marketing tactics to gain exposure for their properties. Collings Real Estate‘s leading sales agent Christian Gravias has been successfully implementing a range of unique marketing strategies that have proven highly effective in the current climate. The Melbourne agent has focused…
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Real Estate News
Where are the latest home renovation hotspots?
On the back of the new Federal Government HomeBuilder package, property valuation group Herron Todd White has taken a look at the areas in each Australian capital city that are leading the way with renovations. The new HomeBuilder package gives $25,000 to renovators who are looking at spending over $150,000 to improve their home. However, to qualify you need to…
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Real Estate News
Real Estate sector honoured in Queen’s Birthday list
The Queen’s Birthday honour roll has seen some of the property sector’s most notable names honoured, along with a host of other famous Australians and New Zealanders. In total, 993 Aussie’s were congratulated by the Queen in her annual Queen’s Birthday Honours. A number of real estate agents and business were among them, acknowledged for their history of services to…
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Real Estate News
The RBA leaves rates on hold in June
The RBA has elected to keep the cash rate on hold at the record low level of 0.25 per cent. At its June meeting on Tuesday, the board decided to continue with a wait and see approach which was in line with what most analysts had been expecting. The RBA had slashed the official cash rate from 0.75 per cent…
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Real Estate News
Property prices remain ‘resilient’ in May despite lockdown
Property prices across Australia’s capital cities have fallen for the first time since June last year. Against the backdrop of wide-ranging shutdowns, the latest data from CoreLogic has shown the combined capital cities have fallen by 0.5 per cent in May. The results around the country were mixed, with Adelaide, Hobart and Canberra all recording price increases, while it was…
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Real Estate News
Tassie tops regional market as WA outlook improves
The housing market in Tasmania has been the strongest performer across the entire country over the last five years – and the trend has not just been limited to Hobart. According to CoreLogic‘s quarterly regional review, which looks at capital growth over the year to April, Launceston and the North East region remain the top performer across both the house…
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Real Estate News
How property markets are responding to COVID-19 according to Herron Todd White
The COVID-19 crisis has thrown the national economy into turmoil, while property markets are still clearly trying to digest what it all means. Leading valuers Herron Todd White (HTW) have tabled their thoughts on what each state is facing and what might lie ahead for the nation’s residential property markets. NSWSydney has been at the forefront of the battle against…
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Real Estate News
RBA keeps interest rates at record-low 0.25 per cent
With the Australian economy still feeling the full impact of social distancing measures, the RBA has made the decision to leave interest at a record-low 0.25 per cent. The RBA made two rate cuts in March, including an emergency cut that saw the official cash rate fall to its lowest level on record. It was widely expected that the RBA…
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Real Estate News
House prices remain steady as transactions slow
Despite the nation-wide shutdown that has made life tough-going for most real estate agents, house prices have remained stable throughout April. According to the latest data from CoreLogic, house prices nationwide ticked higher, up 0.3 per cent. House prices in Sydney increased by 0.4 per cent, however, values did ease in Melbourne, with prices down -0.3 per cent over the…
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Real Estate News
Airbnb on shaky ground amidst COVID-19 crackdown
Short-stay accommodation platform Airbnb continues to find itself in the firing line of social distancing measures which come on the back of new changes to strata laws in NSW being rolled out this week. Under the new coronavirus regulations, people should be staying at their own accommodation. Exemptions are in place for those who are required to use short-term accommodation…
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Real Estate News
The RBA Leaves the Cash Rate on Hold at 0.25 per cent
At its monthly meeting today, the RBA has decided to leave the cash rate on hold at 0.25 per cent. The move that was widely tipped by analysts will see the cash rate remain at historic lows for the foreseeable future. In mid-March, the RBA held its first emergency meeting since 1997 to slash the cash rate to current levels…
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Real Estate News
House price growth begins to slow
Despite the unprecedented social distancing measures put in place to stop the spread of the coronavirus, home values across the country pushed higher in March. According to the latest data from CoreLogic, prices rose by 1.1 per cent in Sydney, 0.4 per cent in Melbourne, 0.6 per cent in Brisbane and Canberra, 0.5 per cent in Perth and 2 per…
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Elite Agent
7 best practices for managing a remote team
Like it or not, we’re all going to be working from home for a while. If you don’t need to communicate with anyone or anything on the outside world that’s great. But the reality is for most people, particularly people in real estate, this period will be a steep learning experience. We all know how important relationships are in the…
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Real Estate News
Coronavirus fallout prompts RBA to slash rates
The RBA has officially cut interest rates to their lowest level on record in the fight against the economic fallout from the coronavirus. In an emergency meeting yesterday, the RBA reduced the official cash rate to 0.25 per cent down from 0.5 per cent. The RBA has only recently cut the cash rate from 0.75 per cent at its monthly…
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Real Estate News
Expats set to lose their CGT exemption
Australian residents living overseas will now lose the capital gains tax (CGT) exemption on their family home after new laws were passed by Parliament. The new changes mean that foreign residents who don’t file income taxes will now be forced to pay capital gains tax when they choose to sell the family home. Previously the family home wouldn’t have attracted…
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