Search Results for: Hayden Groves
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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
Buyers and renters continue to struggle with housing affordability
Housing affordability has continued to fall with more pain ahead according to the Real Estate Institute of Australia (REIA).
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RBA goes ‘hard’ with interest rate jump
Higher than expected inflation has seen the Reserve Bank of Australia lift the cash rate for the second consecutive month, with today’s 50 basis point increase taking the official interest rate to 0.85 per cent.
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INDUSTRY NEWS
Time to get to work on housing plan, says REIA
REIA will today outline the critical success factors and key next steps that must be taken to ensure the National Plan for Housing and Homelessness has the right outcome.
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INDUSTRY NEWS
REIA congratulates incoming Albanese Government
REIA President Hayden Groves said the Help to Buy, Help to Supply and the National Housing and Homelessness Plan needed to be a critical priority. The Announcement: Real Estate Institute of Australia (REIA) has welcomed the Albanese Government on their victory and is looking forward to working with the new Cabinet to deal with housing supply and affordability. REIA President…
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INDUSTRY NEWS
Cash rate rises for first time in over a decade
After 17 months of record low interest rates, the Reserve Bank of Australia has today lifted the cash rate 25 basis points to 0.35 per cent while clearly indicating more rate rises are to come.
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INDUSTRY NEWS
Labor looks to cut the cost of a mortgage by up to $380K
The Labor Party has announced its intentions to introduce a new shared-equity housing scheme that could help shave up to $380,000 off the cost of a home.
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INDUSTRY NEWS
Rising CPI suggests more affordability worries ahead
The highest inflation in 30 years suggests housing affordability is going to continue to decline, according to an industry body.
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INDUSTRY NEWS
The real estate issues the new Federal Government must tackle
The rental crisis, housing affordability and supply will be among the hot topics in the real estate sector leading up to the Federal Election on May 21.
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What’s good and what’s not in the 2022 Federal Budget
Tuesday's Federal Budget had an overarching theme of reducing the cost of living and come Wednesday morning the real estate sector weighed in what it liked and didn't like about Treasurer Josh Frydenberg's balance sheet.
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INDUSTRY NEWS
REIA welcomes the opposition’s regional focus
The Real Estate Institute of Australia (REIA) has welcomed the focus on regional living with the announcement the Leader of the Opposition wants to provide 10,000 places within the First Home Loan Deposit Scheme (FHLDS) for regional Australians living in communities for 12 months or more.
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INDUSTRY NEWS
Australian Auctioneering Championship returns for 2022
The championship will see the industry’s leading property auctioneers go head-to-head for the title. The Announcement: Real Estate Institute of Australia (REIA) and Real Estate Institute of New Zealand (REINZ) have today announced the highly anticipated Australasian Auctioneering Championship (AUSTROS) is returning in 2022. Taking place from 16-18th October, this year’s AUSTROS will see industry leading property auctioneers descend on…
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INDUSTRY NEWS
House prices grew at the fastest rate in 20 years
National house prices grew at 25.1 per cent in 2021, making it the fastest annual growth rate in 20 years, according to new data.
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INDUSTRY NEWS
Housing affordability stretching homeowners to the limit
It’s tougher than ever to afford a home with new data showing the proportion of income needed to pay off a mortgage has risen to 37 per cent.
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Real estate industry comes together to aid flood victims
There are many great things about Australia but perhaps one of the best is how, when the chips are down, people come together.
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INDUSTRY NEWS
Investor loans hit a record high as affordability pressure mounts
Loans to investors jumped 6.1 per cent in January, showing “investors are backing the housing market”.
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INDUSTRY NEWS
Australia facing a housing supply crunch
Australia could be facing a ‘concerning’ housing shortfall of 163,400 homes by 2032 leading to further affordability issues according to a new report.
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INDUSTRY NEWS
REIA announce National Awards for Excellence finalists
Finalists in the 17th REIA National Awards for Excellence 2022 have been announced, with the best agencies, agents and property managers set to vie for the coveted awards.
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REIA calls for homebuyer help and the creation of property jobs
The Real Estate Institute of Australia (REIA) President Hayden Groves
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INDUSTRY NEWS
The real estate industry to focus on people and sustainability in 2022
After a year that saw both record house price growth and tough conditions, the industry needs to continue to focus on people and sustainability
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INDUSTRY NEWS
How much does the average real estate employee earn?
The Australian Bureau of Statistics has revealed the average weekly income for employees in the real estate sector.
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INDUSTRY NEWS
Value of home loan commitments rises after three months of falls
New loan commitments rose 6.3 per cent according to the latest data from the ABS marking continued strength in the national housing market.
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INDUSTRY NEWS
Omicron hits the real estate sector
With more than 600,000 active cases of Covid in Australia, and the Omicron variant surging across the country, the impact on the real estate sector is now becoming more evident. From staff shortages to legal implications and a slowdown in the rental market, this is what the nation’s real estate institutes are hearing from their members… Real Estate Institute of…
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Real estate roundup: the year that was
The Australian real estate market experienced a record year in 2021, with tight supply and strong demand leading to soaring prices. Agents, vendors and buyers innovated through COVID-19 restrictions, including lengthy lockdowns in Melbourne and Sydney. There were numerous mergers, acquisitions and buyouts, along with notable appointments and some surprising departures. Once again, AREC thrilled and inspired, while the AREAs…
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INDUSTRY NEWS
Economic forecast positive for the property market
The bounce back in the Australian economy forecast in the Mid-Year Economic and Fiscal Outlook (MYFEO) is positive for the property market, the new president of the Real Estate Institute of Australia said.
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INDUSTRY NEWS
REIA elects Hayden Groves as president
The Board of the Real Estate Institute of Australia (REIA) has today (15 December 2021) elected leading Western Australian agent Hayden Groves as REIA's new President.
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REIA re-elects President for second term
The Real Estate Institute of Australia (REIA) re-elected Adrian Kelly from Tasmania as President for a second term at its Annual General Meeting in Canberra in last week. Mr Kelly was born and raised in Hobart and has worked in the Tasmanian real estate industry since 1990. He is the founder and CEO of View Real Estate, an independent agency…
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INDUSTRY NEWS
REIA elects new president
The Real Estate Institute of Australia (REIA) has welcomed the election of a new President, Adrian Kelly from Tasmania. Mr Kelly was elected as the 45th President of REIA, the national professional association for Australia’s real estate sector, at the Annual General Meeting held in Canberra on 13 December, effective immediately. Hayden Groves from Western Australia was re-elected Deputy President…
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INDUSTRY NEWS
REIWA encourages Aussies to dig deep for the homeless this holiday season
As proud partner of The Salvation Army, REIWA is encouraging West Australians to get behind the Salvos’ Annual Christmas Appeal to help bring holiday cheer to the homeless in WA this festive season. REIWA President Damian Collins said there were a number of ways the local community could get behind the Salvos’ Christmas Appeal. “You can donate unwrapped gifts or…
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INDUSTRY NEWS
Damian Collins elected new REIWA President
The REIWA Council has elected Damian Collins as the Institute’s new President. Following Hayden Groves’ announcement last week he would be finishing his term as President, the 2018-19 REIWA Council met on Thursday 4 October and elected Mr Collins to the Institute’s top position. Mr Collins has served on the REIWA Council since 2011 and as Deputy President since 2015. He…
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INDUSTRY NEWS
Hayden Groves finishes his term as REIWA President
At REIWA’s 100th Annual General Meeting, held at Fraser’s Restaurant in Kings Park on Tuesday, Hayden Groves announced he would be finishing his three-year term as President on Thursday 4 October. Mr Groves, who will remain on the REIWA Council, was elected as President in 2015, having served on the Council since 2010. “The past three years have been extremely…
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INDUSTRY NEWS
Winners announced in Openn Negotiation Excellence Awards 2018
Over 80 real estate professionals gathered on 26 July to recognise the best-performing agents and agencies at the inaugural Openn Negotiation Excellence Awards. Led by Peter Gibbons, Openn Negotiation Co-founder and Managing Director, it was an opportunity to celebrate not just the finalists and the winners, but all agents who had decided to embrace technology and the need for better…
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INDUSTRY NEWS
Real estate industry wishlist for 2018-19 budget
The real estate industry have issued their hopes from the 2018-19 budget, which will be released at approximately 7.30pm AEST on Tuesday May 8. REIA Affordability is one of the key topics for the REIA going into the next budget. While they praise the previous budget’s recognition of the issues, they don’t think the fixes have gone far enough. REIA…
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REIWA releases list of top post-boom Perth cities
Alkimos, Golden Bay and Trigg have topped reiwa.com’s list of the seven Perth suburbs recording higher house sales volumes now than they did during the ‘boom’. REIWA President Hayden Groves said while overall house sales volumes had declined in Perth since 2014, there were seven suburbs that had bucked this trend to record increases in activity. “For some of the relatively…
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Housing affordability improves for buyers and tenants in WA
A new housing affordability report has found Western Australia is the most affordable state in the country for tenants and home buyers. Only the Northern Territory and the Australian Capital Territory are more affordable. The Real Estate Institute of Australia supported by Adelaide Bank released their latest Housing Affordability Report yesterday, with the findings revealing affordability in WA’s housing and…
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