Search Results for: Hayden Groves
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INDUSTRY NEWS
Housing shortfall tipped to worsen rental crisis
Australia’s housing crisis is set to worsen, with the nation expected to experience a shortfall of 106,000 homes over the next five years.
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INDUSTRY NEWS
The great debate: short-term holiday rentals in Australia’s housing crisis
Are short-term holiday rentals the solution to or the problem in Australia’s housing crisis?
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News
Rental rates soar to new heights
Weekly rent for a three-bedroom house in Brisbane has experienced the highest annual increase this century, with little relief in sight for renters according to fresh data.
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INDUSTRY NEWS
REIA 2023 National Awards for Excellence winners announced
REIA National Awards for Excellence winners have been announced at the at the Crown Ballroom in Perth tonight, which was hosted by the Real Estate Institute of Western Australia.
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INDUSTRY NEWS
RBA Governor indicates a rates pause could be on the way
Reserve Bank of Australia Governor, Philip Lowe, has given his strongest indication yet that a rate rise pause is on the cards.
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INDUSTRY NEWS
Mortgage affordability declines, rent crisis eases slightly: REIA
Mortgage holders are facing an increased financial strain for mortgage holders but renters have been given a slight reprieve, according to the Real Estate Institute of Australia's latest affordability report.
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INDUSTRY NEWS
December quarter inflation figures higher than expected
The Consumer Price Index rose 7.8 per cent in the 12 months to December, higher than the predicted 7.5 per cent, raising the likelihood that the Reserve Bank of Australia will hike the cash rate in February.
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INDUSTRY NEWS
REIA announces finalists for National Awards for Excellence 2023
The Real Estate Institute of Australia has published its 2023 finalist list the REIA National Awards for Excellence (NAFE), which will be held in Perth on March 9.
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Inflation figures bounce back in November
New inflation data from the Australian Bureau of Statistics shows the consumer price index rose 7.3 per cent in the twelve months to November, up from October's 6.9 per cent.
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OPINION
Dan Argent: How to make 2023 the year to shine (and not decline)
We can all agree that 2023 is going to look vastly different to 2022. The decline in property pricing is predicted to continue, inflationary pressures will keep building, and borrowing is becoming more difficult.
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INDUSTRY NEWS
Foreign buyers look to Australia after Canada ban
Canada’s decision to shut the door on foreign buyers could prove a bonus for the Australian property market, according to experts.
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INDUSTRY NEWS
A perfect storm: Australia’s rental crisis – part two
In part two of A perfect storm: Australia’s rental crisis we examine two potential solutions to the issue, including how a change in mindset could help bring landlords and tenants on the same page and how axing stamp duty could ease the pressure. You can catch up on the other parts of the story here. Solution: Changing the ‘us versus…
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Queenslanders cop the biggest rent rise in nearly 20 years
Rents have risen sharply across the country over the past 12 months, with Queenslanders being hit with the biggest increase in nearly 20 years.
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Commercial property in regional Australia to outperform
Commercial property in regional Australia is set to benefit from the changing demographics experienced during Covid with Queensland likely to be the big winner according to a new report.
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INDUSTRY NEWS
Cash rate expected to rise again on Tuesday
The odds of another cash rate rise at this month’s Reserve Bank of Australia (RBA) meeting remain high, with 88 per cent of experts tipping another hike is on the cards.
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Property values have soared in the past 20 years while rents lag
House prices across Australia have more than doubled in the past 20 years, however, rents have not been able to keep pace with soaring values.
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INDUSTRY NEWS
Scheme helps 1 in 7 first time buyers get foot in the door
With rising inflation and interest rate increases, REIA President Hayden Groves said any initiatives to assist Australians of all ages and geographic regions in achieving house ownership are welcome.
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News
Property industry says Budget addresses housing supply but not affordability
The property and housing industries have largely welcomed Tuesday's Federal Budget as a good start to solving Australia’s housing supply crisis, but many said more could be done to address affordability.
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News
Is your agency’s cyber security up to par?
With seven major Australian companies falling victim to data breaches in recent weeks, Real Estate Institute of Australia President Hayden Groves has urged agencies to take a good, hard look at their cyber security.
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INDUSTRY NEWS
Real estate’s wishlist for the Federal Budget
With the Treasurer readying to unveil a Federal Budget that’s expected to be heavily focused on the cost of living, the Real Estate Institute of Australia has outlined a wishlist of items it hopes to see included.
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INDUSTRY NEWS
REIA launches Commercial Agency Engagement Program
REIA President Hayden Groves said the Australian commercial real estate industry had undergone major disruption due to the COVID-19 pandemic, and it’s time to focus on supporting the commercial sector . The Announcement: The Real Estate Institute of Australia (REIA) will launch the REIA Commercial Agency Engagement Program today in a bid to tackle issues facing the Australian commercial real estate…
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INDUSTRY NEWS
REIA welcomes regional First Home Buyer Guarantee as prices in regions surge
President Hayden Groves said scarcity of supply in regional towns has become a driving factor in housing affordability and the new Regional First Home Buyer Guarantee will ease some of the pain many first home buyers have been experiencing.
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INDUSTRY NEWS
Queensland real estate icon Andrew Bell joins REIA board
Ray White Surfers Paradise owner and widely respected agent Andrew Bell OAM has been appointed to the Real Estate Institute of Australia (REIA) board of directors as an additional director.
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News
REIA: housing affordability drops further
Housing affordability has continued to drop with the proportion of income needed to meet mortgage and rent payments rising in the June quarter.
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INDUSTRY NEWS
Cash rate rises for the fifth month in a row
The Reserve Bank of Australia (RBA) lifted the cash rate 50 basis points today and at the same time forewarned homeowners further increases were coming.
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INDUSTRY NEWS
REIA launches campaign to axe stamp duty
The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves has launched a new national and multi-year campaign with a clear objective: the phase out of stamp duty.
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INDUSTRY NEWS
Housing loan commitments fall in July
The impact of consecutive interest rate rises has caused owner-occupiers and investors to shy away from the property sector, with the value of new loan commitments falling 8.5 per cent in July.
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INDUSTRY NEWS
Are rent controls the right way to go?
Real estate bodies have labeled calls to freeze rents and cap increases out of touch with reality, fearing it could exacerbate the nation's rental shortage.
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INDUSTRY NEWS
REIA says perspective required in interpreting CPI
The RBA's July meeting indicates that inflation is expected to peak later in 2022 and then decline back towards the 2 to 3 per cent range in 2023.
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INDUSTRY NEWS
Advancing Australia’s prosperity: REIA launches 2025 strategy
The new vision for the 2025 real estate sector is about better delivering for business, practitioners and the communities they serve through member institutes.
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INDUSTRY NEWS
REIA forms partnership with Managed App
The partnership is a new venture for the Real Estate Institute of Australia and Managed App, with the app is pioneering a digital concept that is shaping the future of the real estate industry. The Announcement: The Real Estate Institute of Australia (REIA) is pleased to announce it has formed a new and exclusive three-year partnership with proptech innovator, Managed…
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INDUSTRY NEWS
Home Guarantee Scheme expands to 40,000 places
Property market leaders have welcomed the expansion of the Federal Government’s Home Guarantee Scheme (HGS), but cautioned rising interest rates and inflation remained key issues for first-home buyers.
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INDUSTRY NEWS
Just how at risk is Australia of falling property prices?
Australian property prices will not fall as much as they have gained in the past 12 months according to industry experts, despite a new global study saying the market is one of the most at risk in the world of dropping.
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News
How blockchain will revolutionise real estate
The Real Estate Institute of Australia has released a groundbreaking report, outlining the many use cases for blockchain in real estate and examining how it could shape the industry moving forward.
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INDUSTRY NEWS
REIA partners with Re-Leased to deliver commercial agency engagement program
The program will aim to elevate the voice of Australia’s commercial real estate sector through research, one-on-one engagement, digital forums and in-person events. The Announcement: The Real Estate Institute of Australia (REIA) has signed a three-year partnership with global commercial property management software company, Re-Leased. REIA President, Mr Hayden Groves said the sponsorship involved a holistic partnership with Re-Leased to support…
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