Search Results for: Darwin
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INDUSTRY NEWS
“Rough” conditions for renters continue in August
Pressure on renters continued last month, with vacancy rates for apartments and houses at extremely low levels while asking rents kept rising.
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INDUSTRY NEWS
RBA has “little choice” but to hike rates in September
he Reserve Bank of Australia appears set to hike the official cash rate at the September meeting with consistently high inflation leaving them with “little choice”.
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INDUSTRY NEWS
The long-term trend in property prices is “undeniably upwards”
Despite weakness in home values as interest rates rise, new data suggests the trend over the past 30 years has clearly been upwards.
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INDUSTRY NEWS
Buyer demand is down ahead of the spring selling season
Buyer demand is slightly lower than average in many areas as the spring selling season approaches.
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COMMERCIAL
Retail property still trying to recover: HTW
The retail sector has had a difficult few years and now faces the headwinds of high inflation according to the latest Herron Todd White (HTW) Month in Review.
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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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COMMERCIAL
Demand for hotel assets increase as travel returns and occupancy levels rise
A rapid increase in domestic and international travel has pushed hotel occupancy rates up sharply and increased demand for hotel assets.
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INDUSTRY NEWS
The areas where property price growth is still occurring
Despite property values starting to fall in the larger capital cities, there are still multiple locations around the country that are likely to still see price growth according to an expert.
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INDUSTRY NEWS
Inflation outstrips rental growth for more than a decade
Inflation has risen at more than twice the rate of weekly rents over the past decade, forcing many landlords to say "enough is enough".
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INDUSTRY NEWS
Time to grab a bargain in our most expensive suburbs?
You may have a little bit of luck in Sydney and Melbourne, but elsewhere prestige is still recording price rises. Interest rates are on the move, prices are slowing but at a suburb level we are yet to see much evidence of widespread declines in prices. So much so that only 1.5 per cent of Australian capital city suburbs have…
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INDUSTRY NEWS
National vacancy rate drops to a record low
The national vacancy rate has tumbled to a record low, dipping under 1 per cent and heaping more pressure on tenants already struggling with rising rents.
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Real Estate News
Another rate hike to curb the highest inflation in three decades
The official cash rate is now 1.85 per cent after the Reserve Bank of Australia opted to raise interest rates a further 50 basis points at its monthly meeting today. The increase marks the fourth consecutive month of interest rate hikes as the RBA seeks to moderate inflation that is now the highest it has been since the early 1990s.…
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Elite Agent
How we sold it: 19 Bul Bul Court, Ludmilla
When Darwin real estate agent, Simon Watts, decided to sell his own property, he admits he was a bit nervous.
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INDUSTRY NEWS
Units outperform houses as buyers hunt for value
Buyers are on the lookout for more affordable housing options as rising interest rates make units more appealing.
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INDUSTRY NEWS
Home prices to fall 5 per cent by end of the year
Rising interest rates could see property prices drop by up to 5 per cent between now and the end of the year, according to a new report.
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COMMERCIAL
HTW: rising costs slowing industrial development
Rising construction costs and higher land values has slowed the initiation of new development across the industrial sector 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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INDUSTRY NEWS
Home prices falling in 40 per cent of markets
Declining property prices have gathered steam with 40 per cent of house and unit markets falling in the past three months.
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INDUSTRY NEWS
Rents surge by a record 12 per cent across the capitals
Australia's rental crisis has deepened with tight vacancy rates contributing to a record 12 per cent jump in house rents over the past year.
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National
Vacancy rates at lowest level on record
National vacancy rates have plummeted to a record low of 1.2 per cent, while rental values have soared 2.9 per cent in the three months to June.
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Real Estate News
Another cash rate hike with more to come
The Reserve Bank of Australia has warned homeowners more interest rate rises will follow as they raised the official cash rate 50 basis points, to 1.35 per cent, at its monthly meeting today.
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Real Estate News
It’s a landlord’s market: vacancy rate at record low
Australia’s rental vacancy rate is at the lowest point on record, with the market remaining firmly in landlords' favour according to the latest Domain Vacancy Rate Report.
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INDUSTRY NEWS
Australia’s housing market downturn building momentum
Adelaide is the only capital city still recording monthly property price growth higher than one per cent, with market experts tipping the rate of housing value decline will gain pace and spread further in coming months.
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INDUSTRY NEWS
Rising rates putting pressure on home prices
Brisbane property prices have fallen for the first time since April 2020, with rising interest rates dampening buyers' enthusiasm for purchasing.
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COMMERCIAL
National office markets bounce back faster than expected: HTW
The national office market is continuing to bounce back from the pandemic faster than anticipated according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Fallout from rising rates to be less dramatic than predicted: HTW
Rising interest rates are likely to slow down property markets but the fallout will be far less dramatic than most commentators predict according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
House prices continue to rise as other dwelling values slow down
Australian house prices recorded another increase over the March quarter, while other dwelling types saw price growth slow down.
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INDUSTRY NEWS
New listings rebound after a quiet April
The number of new listings across the country continues to rise, jumping 12 per cent across the capital cities compared to last month according to PropTrack.
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INDUSTRY NEWS
Australia is the 13th strongest property market in the world
A number of Australia’s major cities have featured in the global list of best-performing housing markets over the past 12 months.
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INDUSTRY NEWS
Home prices fell in May as interest rates rose
Home prices across the country fell for the first time since the start of the pandemic just as homeowners saw the first RBA rate rise in over a decade.
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Real Estate News
Prices fall in inner-city and expensive suburb micro markets
Micro markets in major capital cities have started to weaken, with prices falling as much as 8.5 per cent in the past three months. The latest CoreLogic Property Pulse showed inner-city and upper-quartile suburbs in Sydney, Melbourne and Canberra have led the price falls with suburbs such as Sydney’s Beaconsfield dropping 8.5 per cent in the past three months. In…
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INDUSTRY NEWS
Rising construction costs to weigh on builders and home buyers: HTW
Rising construction costs are ongoing labour shortages are putting increasing pressure on builders and new home buyers, according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Rising rents put pressure on desperate tenants
Tenants battling soaring rents and tight vacancy rates have turned to "desperate measures" in the struggle to find a home, while property managers are faced with testing conditions.
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INDUSTRY NEWS
New listings drop during a disrupted April
Listings eased off during April as vendors hit the pause on sales campaigns with the Easter and Anzac Day public holidays causing interruptions, according to new data.
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INDUSTRY NEWS
Perth property prices hit a record high
Property prices across Perth have finally reached a new record high of $552,128, according to the latest data from CoreLogic.
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