Search Results for: Australian Capital Territory (
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NEWS
CEO calls for disclosure of energy efficiency in homes
First National’s chief executive Ray Ellis is calling on the nation to follow the lead of the ACT as climate change consciousness extends far beyond the capitals to impact regional home buyers and renters.
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INDUSTRY NEWS
First home buyers benefitting from stable market: REIA
Housing finance figures released by the Australian Bureau of Statistics (ABS) show that first home buyers continue to steadily increase their presence in the housing market, according to the Real Estate Institute of Australia (REIA). “The proportion of first home buyers, as part of the total owner-occupied housing finance commitments, increased to 18.0 per cent in November 2017, the highest…
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NEWS
Housing loan affordability improves, first homebuyers flood market: REIA
The September quarter edition of the Adelaide Bank/REIA Housing Affordability Report shows that the proportion of median family income required to meet average loan repayments decreased by 1.2 percentage points to 30.3 per cent. REIA President Malcolm Gunning said first home buyers now make up 24.5 per cent of the total owner-occupied housing market (excluding refinancing). “This is the highest…
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Brand Editorial
Direct Connect Extends Partnership Reach to Insurance, Smoke Alarms And Conveyancing
YOU MAY ALREADY BE USING THE SERVICES OF DIRECT CONNECT; as one of the biggest connection companies in Australia they have been helping people move house for the past ten years. What you may not be aware of are some of the fantastic new services on offer from Direct Connect, making life even easier for your clients when it comes…
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INDUSTRY NEWS
Housing approvals remain at low levels
Despite surging demand and already low stock levels, new house building approvals numbers have fallen, with the Government’s plan to build 1.2 million homes looking further out of reach according to the industry.
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INDUSTRY NEWS
Housing affordability drops to a new low
Australians are struggling to afford housing like never before as rising interest rates and soaring housing and rental prices continue to bite.
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INDUSTRY NEWS
REIA proposes plan to tackle housing crisis
The Real Estate Institute of Australia (REIA) has released bold suggestions to tackle the ongoing housing crisis and help more people get into the market.
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INDUSTRY NEWS
Property market to recoup 2022 downturn by the end of the year
Australia’s property market has almost entirely recovered from the 2022 downturn and will do so by the end of the year, according to Domain.
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NEWS
Pressley’s proposal: Why stamp duty should be swapped for a Medicare-style housing levy
Leading property analyst Simon Pressley has called on stamp duty to be abolished and replaced with a three per cent, Medicare-style housing levy.
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INDUSTRY NEWS
Are international students behind Australia’s housing crisis?
International students could absorb 70 per cent of the new homes built in Australia between now and 2028, a new study has revealed.
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INDUSTRY NEWS
Rents surged up to 27.5 per cent in the past 12 months
Rents have jumped by as much as 27.5 per cent over the past 12 months marking the largest increase since 1994.
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EPM: Industry News
RBA doubles down on interest rates as REIA says housing affordability at its worst this century
The Reserve Bank boss has doubled down on the need for this week’s interest rate hike, despite admitting some households are feeling the pinch and mortgage arrears have increased.
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INDUSTRY NEWS
Essential workers paying two-thirds of their income on rent
Soaring rents across the country are hitting essential workers hard, with a new report finding they are paying two-thirds of their income on rent.
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INDUSTRY NEWS
What made rents soar? It might have been Covid, and pairing off
So, you think you know why rents climbed.
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INDUSTRY NEWS
Perth remains affordable to buy and rent
Despite rising interest rates making life more difficult for homebuyers, Perth is still the second most affordable property market in the country.
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INDUSTRY NEWS
Real estate agencies confident about business outlook this year
More than 80 per cent of Australian real estate agencies are confident in the business landscape going forward in 2023, according to new research.
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NEWS
The top 50 residential real estate influencers and innovators for 2022
There is rarely a dull day in real estate. From mergers and acquisitions, pivoting in a changing market and continued acceleration of PropTech, 2022 has been a year for the record books.
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SUPPLIER NEWS
Most searched for suburbs, property features in 2022 revealed
The skyrocketing cost of borrowing is shaping up to be one of the biggest influences on the property market, but rising rates haven't stopped buyer demand in certain suburbs, according to a new report.
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Tenancy law reforms haven’t stopped investors
Tenancy law reforms in NSW and Victoria have only had a small impact on landlords’ decisions to purchase or sell rental properties according to new research.
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NEWS
House price falls to continue into 2023: NAB
There’s likely more property price declines ahead with values to continue decreasing in 2023, according to the National Australia Bank.
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NEWS
Auction volumes down but clearance rate holding steady
Consecutive long weekends have continued to impact auction volumes, with 1613 properties taken to auction across the combined capitals this week to return a preliminary clearance rate of 62.3 per cent.
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INDUSTRY NEWS
Adelaide and Brisbane among the world’s best performed property markets
Adelaide and Brisbane have bucked the national trend and recorded strong house price growth as worldwide prices continue to climb.
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NEWS
Slight drop in auction volumes sees clearance rate rise
After rising over recent weeks, auction volumes dipped almost 10 per cent this week, with 1814 homes going under the hammer across the combined capitals.
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INDUSTRY NEWS
The value of new loans fell 4.4 per cent in June
The value of new home loans across Australia has fallen 4.4 per cent last month, continuing to soften from the peak of $33.2 billion in January.
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INDUSTRY NEWS
Falling investor lending to put pressure on renters
The rate of growth of new home loans to investors is slowing which could make it harder for tenants to find rental properties according to an expert.
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NEWS
Another rate hike to curb the highest inflation in three decades
The official cash rate is now 1.85 per cent after the Reserve Bank of Australia opted to raise interest rates a further 50 basis points at its monthly meeting today. The increase marks the fourth consecutive month of interest rate hikes as the RBA seeks to moderate inflation that is now the highest it has been since the early 1990s.…
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INDUSTRY NEWS
Buyers and renters continue to struggle with housing affordability
Housing affordability has continued to fall with more pain ahead according to the Real Estate Institute of Australia (REIA).
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NEWS
Auction clearance rate drops to its lowest point in almost a year
Auction volumes were slightly lower this week, with 2635 properties going under the hammer across the combined capitals to return a preliminary clearance rate of 62.3 per cent.
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INDUSTRY NEWS
‘Uncertainty’ remains in national office markets: HTW
Despite Covid restrictions slowly easing around the country, it will take some time before businesses and employees return to the CBD amid ongoing “uncertainty” according to the latest Herron Todd White Month in Review.
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INDUSTRY NEWS
REIWA calls for targeted stamp duty reform
REIWA is calling on the WA Government to introduce stamp duty reforms to help first home buyers and seniors, off-the-plan properties and small businesses.
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NEWS
Auction volumes down by almost a third
Auction volumes have dropped by almost a third this week, but it is not recent flooding in Queensland and New South Wales that is the culprit but rather long weekends in four capitals.
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INDUSTRY NEWS
Australia’s most affordable housing markets close to the CBD
South Australia and Western Australia have the most affordable suburbs close to their respective CBDs, according to new research.
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INDUSTRY NEWS
REIA announce National Awards for Excellence finalists
Finalists in the 17th REIA National Awards for Excellence 2022 have been announced, with the best agencies, agents and property managers set to vie for the coveted awards.
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NEWS
Peak, peaked or peaking? How to read the current property market
Last year’s incredible house price growth drew plenty of media commentary, but there’s one big question many continue to ask: when will the market peak?
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NEWS
More than 1000 suburbs top $1 million mark
The median house value has hit $1 million or more in 1120 Australian suburbs, new analysis from CoreLogic shows. The data released today shows that more than 400 suburbs in Sydney have a median house value equal to or greater than $1 million, while there are 221 suburbs in Melbourne. CoreLogic Research Director Tim Lawless said a $1 million price…
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