Search Results for: Darwin
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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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Real Estate News
Border reopening expected to drive demand for Darwin property
Darwin homeowners and landlords are preparing for a significant surge in activity when the Northern Territory’s borders reopen on 17 July 2020, declared a local real estate expert. Raine & Horne Darwin General Manager Glenn Grantham said even before the border announcement this week, he had received six rapid-fire bookings for a holiday rental apartment in the Darwin CBD. “Typically,…
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Real Estate News
Where are the latest home renovation hotspots?
On the back of the new Federal Government HomeBuilder package, property valuation group Herron Todd White has taken a look at the areas in each Australian capital city that are leading the way with renovations. The new HomeBuilder package gives $25,000 to renovators who are looking at spending over $150,000 to improve their home. However, to qualify you need to…
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Real Estate News
Property prices remain ‘resilient’ in May despite lockdown
Property prices across Australia’s capital cities have fallen for the first time since June last year. Against the backdrop of wide-ranging shutdowns, the latest data from CoreLogic has shown the combined capital cities have fallen by 0.5 per cent in May. The results around the country were mixed, with Adelaide, Hobart and Canberra all recording price increases, while it was…
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Real Estate News
‘Covid-safe’ Darwin attracts plenty of interstate investor interest
Property values in Darwin have proven resilient over the last three months compared to other capital city markets, with Raine & Horne suggesting several factors have contributed to the result. “It is very encouraging Darwin’s property values are up nearly 2.5% over the last quarter,” Darwin Raine & Horne General Manager, Glenn Grantham said. “But realistically, the only way…
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Real Estate News
Australian property market: Decade in review
It commenced under the shadow of the GFC and with widespread floods around the country. It ended on the dawn of Covid-19 with some of the biggest bushfires in Australian history. Propertyology’s ‘Decade in Review [2010-2019] Report’ describes it as a decade of contrasts in many ways. Over the 10-year period, median house prices had increased from $530,000 to $972,000…
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LEADERSHIP
Leanne Pilkington: Smart, strategic, and not to be underestimated
While Leanne says she is honoured to have received the award, she is – by her own admission – a somewhat disbelieving face of the women’s real estate movement. “The only special thing about me is my willingness to work hard,” she reflects. “That’s really what has got me to where I am, bloody hard work.” It’s that tireless work…
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Real Estate News
House prices remain steady as transactions slow
Despite the nation-wide shutdown that has made life tough-going for most real estate agents, house prices have remained stable throughout April. According to the latest data from CoreLogic, house prices nationwide ticked higher, up 0.3 per cent. House prices in Sydney increased by 0.4 per cent, however, values did ease in Melbourne, with prices down -0.3 per cent over the…
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Elite Agent TV
Property and Pandemics: What to expect next?
Key points covered in this webinar: Leading the way – Property always leads a recovery. Historical evidence of past crises – the GFC and the recession – showed house prices grew in value, often significantly. No two crises are the same, but one thing that is always the same: the way humans respond. We will bounce back quickly and strongly.…
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Real Estate News
Eview Group announces ninth national partnership for 2020
With its ninth national partnership for 2020 confirmed in Darwin, Eview Group is fast becoming a formidable force amongst the real estate industry. In addition to extending its nation-wide reach into the Northern Territory, Eview Group will also further cement its already-established position within Queensland with a relaunch of an agency there. With the accumulation of almost 30 years of…
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