Search Results for: residential dwellings
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INDUSTRY NEWS
Rising construction costs signal a return to trend
Construction cost increases have started to reaccelerate, but experts believe this is just a return to trend and not another new surge in prices according to CoreLogic.
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INDUSTRY NEWS
Property market resilience to be tested in 2024
After bouncing back in 2023, the resilience of the property market is set to be tested according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Foreign investment fees up, aiming to ease Aussie housing crisis
The Federal Government will triple foreign investment fees for the purchase of established homes and double ‘ghost house’ fees for foreign-owned dwellings in a bid to boost Australia’s housing stock.
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INDUSTRY NEWS
Aussie mortgage holders spared a Christmas interest rate rise
The Reserve Bank of Australia has provided mortgage holders a Christmas time reprieve, electing to keep interest rates on hold at 4.35 per cent at today’s board meeting.
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Elite Agent
Nerida Consibee: property market predictions for 2024
Despite rapidly rising interest rates and strong population growth, a lack of homes coming to market and overall housing shortages led to big increases in both prices and rents across Australia in 2023.
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INDUSTRY NEWS
REIA wants to phase out stamp duty and boost supply to tackle housing crisis
The Real Estate Institute of Australia (REIA) has called for stamp duty to be phased out and lending criteria to be revisited to encourage more housing investment and ease the housing crisis.
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INDUSTRY NEWS
Victoria’s new ‘granny flat’ reforms to boost housing supply
New secondary dwelling reforms introduced by the Victorian Government will likely boost housing supply by around half a per cent according to new research.
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INDUSTRY NEWS
Investors flee Victoria causing more pain for tenants
Already in the grips of a rental crisis, investors are selling off their Victorian investment properties en masse, discouraged by the raft of taxes and regulatory burdens that are being thrust upon them.
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INDUSTRY NEWS
First-home buyers opting for “memories not mortgages”
First home buyers are increasingly First-home buyers are increasingly opting for “memories not mortgages” as the high cost of getting into the market makes owning a home less appealing to younger generations in the post-Covid world.
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National
600,000 potential granny flat sites identified to help with housing crisis
More than 650,000 properties are suitable for the construction of granny flats across Australia’s three largest states, according to new research.
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INDUSTRY NEWS
Knockdowns and rebuilds don’t always mean gentrification and rising prices
Suburbs that are seeing a high number of homes being knocked down and rebuilt doesn’t necessarily mean the area is going through gentrification or that prices will rise according to an expert.
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INDUSTRY NEWS
REIA calls for more to be done to help ease rental crisis
The Real Estate Institute of Australia (REIA) is calling for an all-encompassing approach to deliver more homes and better conditions for renters to help ease the current rental crisis.
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INDUSTRY NEWS
REA Group identifies ways to ease the NSW rental crisis
Unlocking housing supply, including improved use of existing properties and streamlined government planning processes to boost fast and effective development, are among the key recommendations from REA Group to solve the rental crisis in NSW.
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National
Industry applauds National Cabinet’s property reforms
A step in the right direction, game-changing, ambitious and sensible are just some of the terms real estate industry bodies have used to describe National Cabinet’s housing policies announced this week.
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NEWS
Suburbs set to thrive from Brisbane Olympics
As Victoria deals with the fallout from cancelling the 2026 Commonwealth Games, the 2032 Brisbane Olympic precinct in Brisbane’s Inner South has topped a list of the city’s property hotspots.
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INDUSTRY NEWS
NSW Government’s Rental Fairness Bill could worsen the housing crisis
The NSW Government’s proposed Rental Fairness Bill is anything but fair according to real estate experts who fear it will only make the state’s housing crisis worse.
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INDUSTRY NEWS
Herron Todd White: $750,000 won’t buy you as much as it used to
The surge in property prices since 2020 has left many homebuyers out in the cold, with fewer options under $750,000 according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
More land needed in South-East Queensland to ease the housing crisis
The influx of people moving to Queensland from both overseas and interstate is putting the housing market under extreme pressure, with an expert calling for more land to be released to help ease the crisis.
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INDUSTRY NEWS
One in four properties purchased without a mortgage
Cash buyers have been active on the East Coast, with a new report showing that 25 per cent of all property purchases in 2022 were made without a mortgage.
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INDUSTRY NEWS
Covid fallout to cause supply shortages for another two years
The impact of COVID-era policies is likely to lead to a lack of housing supply for the next two years according to new research.
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INDUSTRY NEWS
New AI to give agents micro market insights
The Real Estate Institute of Victoria has joined forces with PropTech business PointData in a move that will enable agents to drill down to street level to generate market insights.
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INDUSTRY NEWS
New dwelling commencements near decade low
New home starts across the country declined last quarter as the industry worries that a lack of new supply in the pipeline will exacerbate the housing crisis.
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INDUSTRY NEWS
Perth rent rises a “certainty” amid tight supply
Rents have jumped 17 per cent across Greater Perth since April 2022, with house price rents in Morley and Scarborough the hardest hit.
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INDUSTRY NEWS
5000 rental properties lost to the WA market in the past 12 months
The number of rental properties in WA continues to fall as investors flee the state after a number of tough years.
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INDUSTRY NEWS
Build-to-rent could boost housing supply by 150,000
Cutting government taxes on build-to-rent developments could lead to an increase of 150,000 new rental properties over the next 10 years, according to a new study.
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INDUSTRY NEWS
Refinancing hits a record high as borrowers try to combat rising rates
Rising interest rates are pushing increasing numbers of borrowers to refinance in search of lower interest rates, while new loans have continued to decline according to new data.
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INDUSTRY NEWS
Return of overseas students could place further pressure on rents
An anticipated increase in the number of overseas students coming to Australia following the Chinese Government's edict that students must return to face-to-face study could lead to rent rises of five per cent or more, one expert predicts.
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INDUSTRY NEWS
Building approvals fall again as RBA’s rate rises hit home
An economist is urging the Reserve Bank of Australia to "hold fire" on future rate rises after new building approvals declined again during the month of November.
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Queenslanders cop the biggest rent rise in nearly 20 years
Rents have risen sharply across the country over the past 12 months, with Queenslanders being hit with the biggest increase in nearly 20 years.
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INDUSTRY NEWS
Rising interest rates weigh on median home prices: HTW
The Reserve Bank of Australia’s sharp tightening cycle has started to see median home prices fall across the country, according to the latest Herron Todd White (HTW) Month in Review.
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NEWS
No end in sight for rising construction costs
There’s still no relief in sight for builders with construction costs continuing to rise at a record rate.
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INDUSTRY NEWS
Queensland rental supply falls 30 per cent as investors exit market
Surging house prices across Queensland have caused a wave of investor selling, the the number of available rental properties dropping dramatically.
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INDUSTRY NEWS
Vacant land sales activity continues to slow down: HTW
Vacant land sales continue to slow down across the country following a period of record high demand according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
What kind of property will $700,000 buy you?
After two years of record price growth, there are still opportunities to find good value properties for under $700,000 around the country, according to the latest Herron Todd White (HTW) Month in Review.
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NEWS
REIQ: State Budget misses the mark
The Real Estate Institute of Queensland has hit out at the State Government’s 2022-23 Budget, saying it is disappointed at the lack of action on housing affordability and accessibility.
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