Search Results for: Darwin
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Elite Agent
First National announces SA and NT 2020 award winners
First National Real Estate’s South Australia and Northern Territory agents celebrated their annual night of nights last weekend. The group’s SA and NT agents were presented with their 2020 General Excellence and Marketing Awards at Hilton Adelaide on Friday night. The 2020 awards introduced two major new award classifications – Magnificent 7 and Elite. These awards incorporate 15 property managers,…
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Real Estate News
Perth now Australia’s fastest growing property market
Perth has become Australia’s fastest-growing major property market after the city’s home value index rose 1.6 per cent last month and 3.8 per cent compared to three months, according to CoreLogic data released yesterday.
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Elite Agent
Low rates and high values drive home lending to all-time high
Record-low interest rates and record-high property values have helped drive home lending to an all-time high, according to newly released figures.
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Elite Agent
Darwin, Perth and Hobart record strong growth in January
Australian house values reached a record new high during the start of 2021 - even surpassing pre-COVID levels, according to latest data from CoreLogic.
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Elite Agent
Regions show record price growth
House prices have hit a new record high across all Australian capitals with exceptions of Darwin and Perth.The Domain House Price Report for the December 2020 quarter released this morning also shows that outer city regions across the country saw record price growth as demand rose throughout COVID.
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INDUSTRY NEWS
The rental gap between houses and units continues to widen: CoreLogic
The COVID-19 pandemic has created diversity across the Australian rental market with international border closures and stalled immigration continuing to impact capital cities, according to CoreLogic RP Data.
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Elite Agent
Lifestyle demand sees rental prices surge
A surge in Aussies moving to lifestyle destinations is causing a hike in rents, with it now costing more to lease a unit in Brisbane than in Melbourne.
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Real Estate News
Record numbers of Aussies say now is a good time to buy
Optimistic home buying sentiment has reached a pre-pandemic high in Australia according to new research from Finder.
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Real Estate News
Momentum in Australia’s property market continues to build: CoreLogic
Core Logic's December data points to a strong 2021, with
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Real Estate News
Property boom predicted for 2021
Five out of 8 Australian capital cities are likely to produce double-digit house price growth in the 2021 calendar year while forty (40) or more non-capital city locations will crack 20 percent capital growth over this 12-month block according to Propertyology’s Simon Pressley. Pressley says the history books will show that an Australian property boom commenced in Q3 2019 and,…
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OPINION
2021 Market Outlook: Leanne Pilkington
All things considered, 2020 closed on a high. House prices are showing a mild increase month-on-month in metropolitan and regional locations, which provides some comfort to consumers as Australia embarks upon a long-term economic recovery. In an unusual but appropriate move for the times, the Reserve Bank has confirmed interest rates will remain low for the next few years, which…
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Elite Agent
Best of the Best Report shows 2020’s biggest property market winners
CoreLogic’s Best of the Best 2020 Report reveals Australia’s $7.2 trillion residential real estate market proved remarkably resilient.
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Elite Agent
Capital city home prices go up in a ‘resilient’ Australian property market
Median house prices in all Australian cities increased by 0.4 per cent during the September quarter, despite the effects of COVID-19.
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Elite Agent
Is this the beginning of Australia’s biggest rental boom?
Possibly the most important story for Australian real estate in 2021 will be an all-time record high increase in household rents and a dire shortage of accommodation for people to live in. Australia will not experience a real estate Armageddon but the biggest rental boom in living memory is currently…
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Real Estate News
Australia’s housing market continues the recovery trend: CoreLogic
Australia's housing market continued along a recovery trend through November. CoreLogic’s national index recorded a second consecutive monthly rise in November, with dwelling values up 0.8% over the month. The new recovery trend follows a 2.1% drop in Australian home values between April and September.According to CoreLogic’s Head of Research,…
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Elite Agent
The housing sector is turning a corner: ANZ
After considering their initial view of a 10 per cent housing drop "too pessimistic", ANZ economists now feel that the housing market bottomed out last month, and will rise throughout 2021.
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TAS Real Estate News
Inside the Hobart housing boom
Being a beautiful island state has never been so advantageous for Tasmania – and its capital city’s booming property market. “There’s no doubt that we’ve been the beneficiaries of the pandemic,” explains Matthew Chugg, department manager of residential sales for Knight Frank, Tasmania. With their offices located in the heart of Hobart, just a Tassie Devil’s whirl away from the…
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Elite Agent
Sydney house prices rise as units fall, marking largest price gap on record
Sydney housing prices took a massive tumble in the June quarter, losing close to $22,000 off the median price.
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Real Estate News
Hobart house prices to leapfrog Adelaide, as Darwin moves past Perth
Domain's latest House Price Report has revealed the Australian housing industry has largely bounced back, with all capital cities aside from Melbourne recording house price growth over the September quarter.
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Real Estate News
National rent prices fell annually for the first time
The September 2020 quarter CPI figures show the impact that the pandemic has had on national rental prices.
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INDUSTRY NEWS
Domain Rental Report shows rental markets in flux
Domain's September Rental Report has shown there is little consistency across the states and territories, with prices hitting all-time highs in some capitals, while rent declines severely in others.
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Real Estate News
Little movement in the property clock
As Victoria reopens for business, Herron Todd White has reported very little movement in the property clock over September with just a few select regions improving their position while major markets like Sydney and Melbourne remain in decline. This month Herron Todd White notes the capitals of Adelaide, Canberra, and Hobart retain poll position, Albany in WA has reached the…
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Elite Agent
ScoMo and the PCA want you to get back to the office
Property Council of Australia Chief Executive Ken Morrison has welcomed the Prime Minister's call for public servants to return to their offices, and for other businesses and workers to follow suit.
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FEATURE INTERVIEWS
Andrew Harding: Enjoy the journey
Years in the industry?I started in October 2017. I was extremely fortunate that in my first full year in 2018 I was working under the CEO. He came back selling after a short break and he taught me everything. I did a year on my own in 2019 and towards the end of that year, I started the team. I…
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Elite Agent
Who’s where on the property clock as spring selling begins?
Tasmanian cities are among the new additions to the top of the property clock, according to the September Month in Review by Herron Todd White. Launceston and Bernie/Devonport have now joined capitals like Adelaide, Hobart and Canberra, along with regional areas like Albury, Geelong, and Bathurst at the peak of the market, while Melbourne has officially entered decline, and Darwin…
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Real Estate News
Openn Negotiation to auction signed footy boots for charity
Richmond AFL stars Dustin Martin and Jack Riewoldt have kindly donated the boots they wore at the historic ‘2020 Darwin Dreamtime’ match to raise money for St Mary’s Football Club NT. The boots will be auctioned off through Openn Negotiation – a platform that ordinarily facilitates the transparent sale of properties online. One of St Mary’s long-term sponsors is Real…
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Elite Agent
Vendors adjusting asking prices suggests a broader slowdown: Domain
Almost 15 per cent of listings on the Sydney property market were reduced in price during July as vendors struggled to sell, according to a report from Domain. These figures have been reflected nationwide, with the larger capitals being much harder hit than smaller cities and regional areas. Sydney’s 14.7 per cent is down from a June high of 15.2…
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Real Estate News
HTW property clock shows general stability, but Sydney and Melbourne in decline
This month’s Herron Todd White property clock paints a picture of relative stability when it comes to market positioning, but with a few notable exceptions. Melbourne is officially “starting to decline” in both the housing…
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Mixed results for Q2: all unit prices fall, houses rise in select capitals
Results are in for the second quarter of the year and, according to Domain, all major capital cities saw unit prices fall across the June quarter, with house prices rising in Adelaide, Canberra, and Hobart. It appears the…
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Real Estate News
Darwin expecting a real estate surge after borders reopen
As Northern Territory’s borders reopen on Friday to most of the country, real estate agents are expecting buyers, renters, and holidaymakers to flood the capital city. Darwin is hot right now – and not just on the thermostat. The rental vacancy rate sits at 1.8 per cent, the lowest it’s been for seven years. In addition, the value of housing…
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Real Estate News
Surprise drop in national residential property listings
National residential property listings dropped by 1 per cent from May to June, according to new figures from SQM Research. Listings are also down 7.5 per cent from last June. There were just shy of three thousand fewer properties listed in June, with listings down from 304,137 in May to 301,140. Perth and Melbourne were the only capital cities to…
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Real Estate News
HTW Month in Review sees southern capitals top of the property clock
Heron Todd White (HTW) has released their month in review, with a series of new suburbs entering different positions on the property clock courtesy of recent Covid-19 events. Top of the clock are a swag of new areas, with Adelaide, Melbourne, Canberra and Hobart among them, while Sydney continues to be positioned in the beginning…
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Elite Agent
Rentals see biggest price drop in over 15 years
Rental prices have plummeted nationwide, with unit rentals experiencing their biggest price drop in over 15 years, according to new figures released by Domain that show a historic fall of 3.2 per cent over the June quarter. “The rental market has become highly fragmented in recent months,” Domain Senior Research Analyst, Dr Nicola Powell said. “Rental prices fell across most…
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Real Estate News
Values fall in June across the larger capital cities
Despite Australians beginning to take baby steps out in the world again, real estate values across the combined capitals have continued to drop for the second month in a row, falling 0.7 per cent in June, after a 0.4 per cent decline in May. But it’s not all bad news for owners – especially those in Hobart and Darwin. The…
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Real Estate News
Noosa scores Qld’s priciest properties and Mackay market soars
Queensland’s residential property market continues to show strong and relatively stable results, with regional markets leading the charge. According to the Real Estate Institute of Queensland (REIQ), the first three-monthly quarter (1 January 2020 – 31 March 2020) indicates the Sunshine State remains resilient. The state’s capital, which achieved the highest number of annual sales, saw modest price increases in…
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