Search Results for: Darwin
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INDUSTRY NEWS
Residential land in high demand across Australia
Vacant land is one of the hottest commodities in residential real estate at the moment with some blocks increasing in value 45 per cent in just five months.Â
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INDUSTRY NEWS
Property prices hit records across the country but the market is cooling
Australia’s median house price is fast approaching $1 million with the fastest rate of annual growth on record hitting 21.9 per cent, according to the latest data.
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INDUSTRY NEWS
Units hot property in Northern Territory market
The unit and townhouse market across the Northern Territory continues to soar with sales volumes and weekly rents climbing.
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COMMERCIAL
Darwin commercial property sets a new record
A Darwin transit centre, located in the centre of major shopping and entertainment block has set a record price at sale, highlighting the strength of the local mark.
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INDUSTRY NEWS
Sydneysiders take the longest to save a house deposit
Sydney continues to be Australia’s least affordable property market, with new data suggesting it takes up to 18 years to save a deposit in many blue-chip locations.
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INDUSTRY NEWS
Strong selling conditions as new listings surge across Australia
Buyer demand for property continues to outstrip supply across the country, however, listings are starting to increase according to new data.
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INDUSTRY NEWS
REIA releases policy agenda ahead of upcoming Federal Election
The REIA has set out the policies it believes the government needs to address on behalf of the industry in the lad-up to the Federal Election.
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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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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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INDUSTRY NEWS
National rental vacancy rate clocks up its fifth month at just 1.7 per cent
The national vacancy rate remains low, clocking up its fifth consecutive month at just 1.7 per cent, according to new data released by Domain.
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FRANCHISE NEWS
Sunshine Coast agent uses OASIS to launch independent agency
When veteran real estate agent Greg Pratt was looking for the support he needed to set up a virtual, independent office on the Sunshine Coast, he went straight to @realty.
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INDUSTRY NEWS
Perth house prices rose 18 per cent in the last 12 months
oreLogic has announced a revision of its Perth home value index, confirming the Western Australian capital has seen an increase of 18.1 per cent above in the past 12 months.
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INDUSTRY NEWS
Sydney sellers cash in with 97.6 per cent of housing resales selling for a profit in June
In Sydney over the June quarter, 97.6 per cent of houses sold for a nominal gain, the highest level since 1982, says CoreLogic
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INDUSTRY NEWS
School zones create a house price premium
New Domain research has found many school catchment zones continued to add a significant premium onto already spiking property prices across Australia.
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INDUSTRY NEWS
New and total listings drop across Australia as national rental supply nears all-time low
The Australian rental market has become increasingly competitive as available rental supply continues to sharply decline over 2021.
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INDUSTRY NEWS
House prices have soared by almost 20 per cent
House prices have inflated by a whopping 18.4 per cent over the year to June, according to the Real Estate Institute of Australia (REIA).
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INDUSTRY NEWS
Sydney sees newfound confidence as new listing rates improve
The NSW Government's pathway out of lockdown has instilled newfound confidence in Sydney residents, according to REA Group's newly released PropTrack Listings Report September 2021.
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INDUSTRY NEWS
Herron Todd White: Property clock has run out of batteries with no movement in any market
With the property market remaining the same as July, Herron Todd White’s property clock indicates nearly all Australian residential property sectors are either rising or approaching the peak. Herron Todd White‘s (HTW) August residential property clock remained identical to last month, with no positional changes in houses or units. The commercial property clock saw some changes. Residential property clock The…
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INDUSTRY NEWS
Sydney homebuyers might have to find another $76,600 in the next 12 months
Experts in Finder's RBA Cash Rate Survey have estimated property prices are set to rise an additional 8 per cent by July 2022.
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INDUSTRY NEWS
Lockdown not a predictor of low national vacancy rates
While national vacancy rates remain steadily low in August, capital cities have seen varying rates that are not always congruent with their lockdown status, according to Domain.
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Real Estate News
National home prices continue to rise but housing boom is slowly losing steam
Affordability constraints, rather than lockdowns, have slowed but not halted the rise in property values, according to the latest report from CoreLogic.
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SUPPLIER NEWS
Regional housing affordability is deteriorating faster than capital cities
HIA has found the affordability of regional housing is deteriorating at a much faster rate than capital cities
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National
Lockdowns lead to lower seller confidence but buyers remain keen for more
The REA Insights Listings Report August 2021 analysed new listings in order to deduce the latest market supply trends.Â
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INDUSTRY NEWS
Herron Todd White: Property clock shows almost all markets in positive position
Most residential markets have remained in the rising-to-peaking sector of the national property clock, according to Herron Todd White's national property report for July.
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INDUSTRY NEWS
How the property market has evolved amid the pandemic
Australia’s property market exceeded all expectations in 2020 and the first half of 2021, as a the suggestion of potential market crash was swiftly switched out to reports of a nationwide market boom. PRD has released its Australia Economic and Property Report for 2021, which analyses how the property market has evolved over the past year due to multiple factors,…
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INDUSTRY NEWS
More Australian homes selling than coming on the market
Dwelling sales continue to surge across Australia against low listings levels, according to new CoreLogic data. In the three months to July, CoreLogic estimated there were around 171,100 dwelling sales in Australia. This is 53.4 per cent higher than what has typically been seen this time of year for the previous five years. In the same period, there were just…
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INDUSTRY NEWS
Dwelling values and sale volumes continue to rise across Australia but rental yield declines, says CoreLogic
CoreLogic has released their August insights, summarising Australian housing market data to the end of July 2021. They found the Australian housing market has continued to maintain the highest dwelling values since 2004, but quarterly values have started to gently decline, when compared to May 2021. Sales volumes also rose across Australia, both in regional and metro markets. Rental values…
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INDUSTRY NEWS
Australia’s growth cycle tapers as housing becomes less affordable
Australian housing values increased a further 1.6 per cent in July, according to CoreLogic.
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INDUSTRY NEWS
Sydney and Melbourne are the only capital cities with declining rental markets
REIA president Adrian Kelly said Sydney and Melbourne saw rents fall slightly, while other capital cities saw rents increase
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INDUSTRY NEWS
Gap between median house and unit prices breaking records
The price premium of houses over units has continued to emerge since March last year, as stage two restrictions rolled out across the nation.
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INDUSTRY NEWS
Pandemic fuels regional migration and pushes property prices up
Across the country, prestige and regional markets have seen incredibly positive results over the past year, but other areas have also experienced prominent changes.
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Real Estate News
Which regions have seen the highest rent value increases over the year?
CoreLogic data across 88 local markets shows that, as with the current housing market upswing, rental market increases have been broad-based.
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INDUSTRY NEWS
National rents record highest annual growth in over a decade
Despite rental growth slowing over recent months, CoreLogic's Rental Review for the June 2021 quarter shows national rental rates are 6.6 per cent higher than they were last year after enjoying the highest annual growth in dwelling rents since January 2009.
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Real Estate News
Snap lockdown thwarts Melbourne’s scheduled auction growth
Melbourne had more than 1,000 auctions scheduled, but the latest snap lockdown could significantly impact these figures.
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Real Estate News
Cheaper to buy than rent more than a third of Australian properties
CoreLogic analysis has suggested servicing a mortgage is now cheaper than paying rent on 36.3 per cent of Australian properties. That is 2.3 per cent higher than before coronavirus hit Australia. CoreLogic reported in February last year that mortgages were cheaper than renting for 33.9 per cent of properties. The analysis was undertaken at the individual property level, using a…
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