Search Results for: Dr Nicola Powell
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INDUSTRY NEWS
Competition cools despite record low vacancy rates
Vacancy rates have returned to record low levels, but there is hope for renters, with new data showing competition for properties is starting to ease.
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Real Estate News
Property prices hit new highs as growth continues
Australia’s property market has fully recovered from the 2022 downturn, with prices hitting a record high in the December quarter.
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INDUSTRY NEWS
Relief for renters as house rents remain steady
After a tough few years for renters, there is now a glimmer of hope with house rents across the combined capitals holding steady for the first time in almost three years.
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INDUSTRY NEWS
The top 50 residential real estate influencers for 2023
There is rarely a dull day in real estate. From mergers and acquisitions, record sales and the AI boom, 2023 has once again been a year for the record books.Â
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INDUSTRY NEWS
Confidence returns as auction volumes hit a 19-month high
Vendors have been busy trying to sell their properties before the Christmas break, with capital city auction volumes surging to a 19-month high.
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INDUSTRY NEWS
Renters facing a tight changeover period as vacancy rates remain low
The traditional summer changeover period is shaping up as an incredibly challenging period for renters with the latest vacancy data showing supply remains at record low levels.
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INDUSTRY NEWS
What buyers want – granny flats, sheds, new homes and a study
Sydney buyers want granny flats, Melbournites are looking for new builds, while over in the west, the humble shed is high on people’s wish lists.
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National
Property prices tipped to rise further in 2024
Combined capital city house and unit prices are tipped to reach a record high in 2024, after price expectations defied forecast declines in 2023.
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INDUSTRY NEWS
Auction volumes hit an 18-month high as confidence returns
Spring selling season has seen a surge in the number of vendors taking their properties to auction as confidence comes back to the market.
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INDUSTRY NEWS
Will there be rental homes for new year movers?Â
There's no relief yet for tenants who are struggling to find a property to rent, with the rental vacancy rate remaining at a record low 0.8 per cent.
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INDUSTRY NEWS
Property market to recoup 2022 downturn by the end of the year
Australia’s property market has almost entirely recovered from the 2022 downturn and will do so by the end of the year, according to Domain.
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INDUSTRY NEWS
Auction volumes hit the highest level in more than 12 months
Spring selling season is well and truly back in force with new data showing that auction volumes have spiked to the highest level since May 2022.
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INDUSTRY NEWS
Nationwide housing drought: Australia’s vacancy rates plunge to record low
Australia needs up to 70,000 additional rental properties to create a balanced market, which is a need unlikely to be met anytime soon.
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INDUSTRY NEWS
Over 96 per cent of homes resell at a profit
With property prices again on the rise, 96.3 per cent of sellers have locked in profits this year, according to new data.
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INDUSTRY NEWS
Property prices have recovered half their declines
Property prices have continued to gain momentum in the June quarter with values now halfway into their recovery according to a new report.
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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
National housing market set to recover next financial year
House prices in Sydney, Adelaide and Perth could have fully recovered from the 2022 downturn and reached new record highs by the end of the 2023-2024 financial year.
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INDUSTRY NEWS
Some capital city vacancy rates starting to ease
The nation’s vacancy rate remained at its lowest point on record in April at 0.8 per cent, despite the number of available rentals increasing slightly in five capital cities.
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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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INDUSTRY NEWS
Rents surge in longest ever stretch of price growth
Tenants continue to face extreme financial pressure, with rents rising at the fastest rate since before the pandemic.
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INDUSTRY NEWS
Time to save a deposit drops for first-home buyers
The time taken to save a deposit to purchase an entry-level first home has dropped by as much as 13 months according to new figures from Domain.
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INDUSTRY NEWS
Foreign investment is down, but for how long?
Foreign investment in Australian real estate fell over the last quarter, but a recent uptick in enquiries from Chinese buyers suggests the downturn will be short lived.
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INDUSTRY NEWS
House prices: why this key figure is more important than mortgage rates
Population growth has a far bigger impact on property prices than mortgage rates, according to a new report from Domain.
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INDUSTRY NEWS
Domain sees spike in rental demand coming from China
New figures from Domain show Australia's vacancy rate remained stubbornly low during February, with the company reporting a spike in rental search traffic from China.
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INDUSTRY NEWS
Westpac predicts rents will keep rising for longer
Westpac is predicting that rents will jump by 11.5 per cent this year, enough to tempt investors and developers back into the market.
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INDUSTRY NEWS
School zones still attracting price premiums
Being in a school catchment zone could add ten per cent to a property's sale price, according to new research from Domain.
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INDUSTRY NEWS
Regional price growth continuing, Domain says
New data from Domain shows that the tree and sea change trend is continuing, with property prices increasing in 92 per cent of regional local government areas during the most recent quarter.
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INDUSTRY NEWS
Block sizes smaller but more expensive
Australian buyers are paying more for less, with a new report from Domain showing the average block size in large capital cities shrank by 13 per cent over the past 10 years, with the price paid per square metre increasing at the same time.
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INDUSTRY NEWS
Renters feel the pinch as vacancy rates drop back to record lows
There’s still no relief in sight for renters with vacancy rates returning to record low levels across the country.
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INDUSTRY NEWS
Return of overseas students could place further pressure on rents
An anticipated increase in the number of overseas students coming to Australia following the Chinese Government's edict that students must return to face-to-face study could lead to rent rises of five per cent or more, one expert predicts.
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INDUSTRY NEWS
Property price declines losing pace, Domain says
Property prices declined at a slower rate during the December quarter according to Domain, in a sign that the current downturn may be losing momentum.
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INDUSTRY NEWS
Tennis courts a hit with buyers as Australian Open reaches full swing
Buyers are increasingly searching for properties with a tennis court, according to new data from Domain, though suitably-equipped properties are in short supply.
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INDUSTRY NEWS
When should NSW first-home buyers consider stamp duty over property tax?
It would take more than a decade for first-home buyers in NSW to be better off opting for stamp duty over the state's new property tax, though the scheme does risk inflating prices for properties under $1.5 million, Domain's Chief of Research and Economics says.
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Rental home cull as rents rise at their steepest annual rate on record
Australia’s rental crisis isn’t looking like it will ease anytime soon with more than 6000 affordable rentals to be scrapped under a national scheme this year, while the latest Domain Rent Report shows Australia recorded its steepest annual rental increase on record in 2022.
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