Search Results for: Corelogic
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INDUSTRY NEWS
New housing construction continues to decline but costs are easing
Despite record demand for homes, the latest ABS construction data shows the pipeline of new homes continues to slow, with building starts down 16.4 per cent compared to last year.
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INDUSTRY NEWS
Surging demand meets limited stock: capital city clearance rates rebound
The demand is there but limited stock has seen the combined capitals auction clearance rate hit a five-week high at a time when it traditionally plateaus.
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INDUSTRY NEWS
Rents continue to rise, but growth is slowing
Record immigration and tight supply have seen rents across the country continue to rise, however, some cities are now starting to see rents fall as a multispeed market begins to develop.
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INDUSTRY NEWS
RBA issues a reprieve and holds interest rates
Borrowers are breathing a sigh of relief today after the Reserve Bank of Australia (RBA) decided to leave the official cash rate on hold at 4.1 per cent.
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INDUSTRY NEWS
Property prices continue to defy rate hikes
National property prices keep on moving higher last month, despite the Reserve Bank of Australia (RBA) continuing to hike the cash rate.
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INDUSTRY NEWS
ACT and WA likely to see an uptick in listings
The ACT and Western Australia are likely to see the largest percentage of vendors listing their homes for sale in the coming months according to CoreLogic.
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Real Estate News
Short-term and loss-making resales on the rise
Some sellers could be incurring a loss in order to avoid high mortgage repayments, with new data showing the number of loss-making resales held under two years has spiked.
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National
Investment property listings skyrocket in capital cities
The number of investment properties hitting the market has soared past decade-long averages in three capital cities, despite overall new listings remaining well below normal.
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INDUSTRY NEWS
NZ home sales record first annual increase in two years
After being battered by one of the sharpest tightening cycles in the world, there are signs that the New Zealand market might be starting to turn the corner.
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National
Hundreds of markets lose million-dollar status
More than 250 house and unit markets have dropped out of the million-dollar club nationally, with Perth the only capital city not caught up in the downward spiral.
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INDUSTRY NEWS
A silver lining in NZ’s soft property market: values rise in 128 suburbs
Soft property market conditions continue across New Zealand, but there is some positive price news, with more than 120 suburbs increasing in value in the past three months.
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OPINION
Seize the season: why winter is the perfect time to showcase properties
Each winter, agents begin to stockpile listing opportunities. They nurture sellers through the middle of the year with a plan to launch to market on September 1.
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INDUSTRY NEWS
Could Chinese developers Forbes Global 2000 rankings spark hope for Aussie build-to-rent solutions?
One of China’s largest residential property developers, with a key stake in build-to-rent in the country, has ranked second on Forbes’s Global 2000 list of the 10 largest real estate companies in the world.
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INDUSTRY NEWS
More than 40 per cent of suburbs see rents increase by double-digits
Surging migration and tight supply have led to 44.4 per cent of house and unit markets seeing rents increase by 10 per cent in the past 12 months.
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OPINION
RBA’s risky gamble: interest rate hikes aimed at damaging the economy
Reserve Bank Governor Philip Lowe and his board have pushed up interest rates yet again – for the twelfth time in 14 months – because they want to damage the economy further.
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INDUSTRY NEWS
Perth homes snapped up with listings at 13-year low
Perth listing levels have fallen to their lowest point in 13 years, with homes selling at their fastest rate on record.
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FEATURE INTERVIEWS
Drive, dedication and data: how David Eastway built his real estate career
When most people job hunt they turn to employment portals, job agencies or recruiters, but not David Eastway.
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INDUSTRY NEWS
Rate Hike? Aussie property market says ‘No problem’ as price rebound continues
The Reserve Bank’s decision to lift the cash rate in May has not dampened the nation’s house price rebound with both PropTrack and CoreLogic reporting strong growth for the past three months.
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INDUSTRY NEWS
Rental affordability at the worst level in 8 years
Surging immigration and fewer people per home has seen rental affordability fall to the lowest level in eight years according to a new report.
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INDUSTRY NEWS
Capital city auctions record highest clearance rate in more than a year
The combined capital cities have recorded their highest preliminary auction clearance rate since November 2021, with 75.9 per cent of properties selling under the hammer last week.
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INDUSTRY NEWS
Rising home prices might see listings increase
If the current growth in home prices continues, listings could increase by two per cent this year, according to an expert.
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INDUSTRY NEWS
Are New Zealand’s interest rate hikes over?
The New Zealand Reserve Bank has shocked economic and property experts this week, raising the cash rate 0.25 per cent while indicating the next interest rate move will likely be down.
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INDUSTRY NEWS
New Zealand homeowners feel the pain as loss-making resales spike
Properties reselling at a loss have reached a seven-year high in New Zealand as the impact of higher interest rates continues to hit homeowners.
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INDUSTRY NEWS
Brisbane homeowners spend the most to renovate their homes
Brisbane has emerged as the leading location in the country for home renovations, with new research finding homeowners in the Queensland capital spent $880 million on home improvements in 2022.
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INDUSTRY NEWS
First home buyers look to beat land tax deadline
First home buyers trying to avoid the new NSW Government’s reintroduction of stamp duty could risk paying too much for a home, according to a leading auctioneer.
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BEST PRACTICE
Sharon Fox-Slater: why insurance premiums are rising
I’ll admit it’s not news anyone wants to hear. In fact, it’s possibly one of the last things that anyone already dealing with rising cost of living challenges wants to face, but the reality is that property insurance premiums are rising.
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Elite Agent
Beat the bots: how to future-proof your business
The solution for real estate agents to “beat the robots” is not to bury their head in the sand but to master how they can us AI to future-proof their business and build their own empire.
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INDUSTRY NEWS
Interest rates rise for the 11th time in this cycle
The Reserve Bank of Australia has increased interest rates for the 11th time in 12 months, lifting the cash rate 25 basis points to 3.85 per cent.
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INDUSTRY NEWS
What you need to know about NZ’s debt-to-income ratios
During a recent presentation to a group of property investors, the topic of interest that sparked the most discussion and surprise was the looming imposition of restrictions on debt-to-income (DTI) ratios.
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INDUSTRY NEWS
Australian housing downturn has likely ended with positive growth trend emerging
Three of Australia’s leading real estate data providers have suggested the property market downturn is over.
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INDUSTRY NEWS
Is the downturn over? House prices on the rise
Australia's property market is showing cautious signs of recovery, with house prices across the combined capitals increasing in the March quarter for the first time in a year.
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Real Estate News
New data proves rent bidding occurs and new tenants more likely to see rent rises
In the past year, rents have increased for almost three-quarters of rental properties, up from about one-quarter each year pre-pandemic, according to a new report built on data from MRI Software.
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INDUSTRY NEWS
Regional areas and high-end Sydney suburbs lead the bounce back
Affordable regional areas and high-end Sydney suburbs dominate the list of locations experiencing a market bounce back, according to new research.
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INDUSTRY NEWS
Rental market reaccelerates from supply shortage
A chronic shortage of rental properties across Australia has reignited growth in weekly rents and further tightened already low vacancy rates.
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INDUSTRY NEWS
RBA hits pause on interest rates for now
After 10 straight rises the Reserve Bank of Australia has today elected to keep interest rates on hold, pausing the cash rate at 3.6 per cent.
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