Search Results for: first home buyers
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INDUSTRY NEWS
Interest rates predicted to hold but will property prices peak this year?
The non-stop rise in house prices may hit an apex this year, according to the latest expert housing predictions from Finder.
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INDUSTRY NEWS
Investor housing loan commitments rise
The latest Lending to Households and Business figures show the value of new loan commitments for housing increased again in May with investors back in force.
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INDUSTRY NEWS
Auction volumes and clearance rates dip due to COVID uncertainty
The preliminary clearance rate came in at a lower 73.6 per cent this week after the volume of auctions dipped slightly due to COVID lockdowns in multiple Australian states.
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Real Estate News
Australian dwelling values finish the financial year 13.5 per cent higher
National home values rose 1.9 per cent in June, taking annual growth to 13.5 per cent for the financial year.
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National
Family Home Guarantee and First Home Loan Deposit kicks off around Australia
Two highly anticipated government initiatives started 1 July, designed to provide Australians with a more secure future, but not everyone is guaranteed to be a winner. The Family Home Guarantee and First Home Loan Deposit scheme have each offered 10,000 new spots to eligible lower income Australians. But financial comparison hub RateCity warns consumers to check the fine print for…
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INDUSTRY NEWS
Perth home values continue to climb in first half of 2021
Perth home values increased seven per cent in the first half of 2021, according to the Real Estate Institute of Western Australia (REIWA). REIWA President Damian Collins noted while the Perth home value index for June had only increased 0.2 per cent, the cumulative growth over the first six months of the year had been substantial. “Although the June price…
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FEATURE INTERVIEWS
Standing the test of time: Tony Pickering
The name Tony Pickering is synonymous with Darwin real estate. After 50 years of dedicated service in the industry, the KG Young & Associates director has been awarded the Real Estate Institute of Australia’s top gong – the 2021 President’s Award. Here, Tony shares how he got started in real estate, his long list of achievements and why he’s not…
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INDUSTRY NEWS
Recent homeowners aren’t relying on the bank of mum and dad
There’s a pervasive myth that many millennials and recent homeowners are using the ‘bank of mum and dad’ to get their foot on the property ladder. But research from the Great Southern Bank (formerly CUA) has revealed just five per cent of recent homeowners relied on family to secure their first property. Great Southern Bank Chief Customer Officer Megan Keleher…
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Real Estate News
Victorian and WA markets show impressive sales trends
Online offer management system Market Buy has reported solid sales trends across the country, with properties selling for up to $29,500 more in the June quarter compared to its March counterpart.
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Real Estate News
Sydney holds firm despite lockdown, Melbourne enjoys second busiest auction week of the year
Melbourne has enjoyed its second busiest auction week of the year, but all eyes were on Sydney this weekend after the announcement of snap lockdowns in four local government areas.
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INDUSTRY NEWS
REISA welcomes new budget but seeks more focus on housing
The Real Estate Institute of South Australia (REISA) has welcomed the continued emphasis on infrastructure throughout the region, but was concerned with the lack of investment in the housing sector. The 2021-22 State Budget handed down by the South Australian (SA) Treasurer Rob Lucas maintained a strong economic focus but should have included more assistance for the property sector, according…
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NEW ZEALAND
Housing policy changes have had little effect on the NZ market
Three months on from the New Zealand government’s housing policy, CoreLogic reveals the changes are yet to have a discernible impact on the market. CoreLogic Head of Research Nick Goodall admits it’s “still early days”, after the New Zealand (NZ) government policy was announced on 23 March this year. “It’s hard to disentangle the government’s bright-line extension and tapered removal…
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FEATURE INTERVIEWS
Dare to dream: Danielle Boyd
Danielle Boyd was just 13 when she was diagnosed with a life-threatening disease, but she hasn’t let it stop her chasing her dreams. From reception to general manager, the Wiseberry agent has worked her way up the ladder with a positive, never-give-up attitude. At just 29, Danielle says she’s only just getting started. If you put a hurdle in front…
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Elite Agent
Listing Loop: Three myths about selling off-market
Selling a property off-market may not be a new concept, but it has gained a lot of traction in recent times. It’s not uncommon to drive around the streets of any major city or town and see a ‘sold sign’ appear out the front of a property when just 24 hours earlier, there was nothing there. Not even a ‘for…
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Real Estate News
SA Budget misses chance to get empty nesters moving
The South Australian Budget has delivered a huge $17.9 billion in infrastructure, which was set to underpin the state’s robust real estate markets and future growth. However, Raine & Horne SA General Manager James Trimble said the Budget was a missed opportunity. Mr Trimble said Treasurer Rob Lucas should have encouraged empty nesters to downsize into smaller homes in Adelaide…
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National
REIA urges Australians to use deposit schemes
Thousands of Australians have been given their first real chance to buy their own home.
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Real Estate News
Home prices are rising globally, but can wages growth keep up?
House prices have been rising around the world at the fastest rate in 30 years, however some countries might run into problems if wages growth can’t keep up, an expert has warned. Asset management firm Franklin Templeton, notes house prices have been rising globally over the past 12 months, thanks to a combination of low interest rates and monetary stimulus.…
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Real Estate News
Over 200 markets now in the million dollar property club
With property markets running hot across the country, a new report has highlighted that there are now 218 million-dollar areas across Australia.
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NEW ZEALAND
New Zealand’s property market upswing is nationwide
CoreLogic New Zealand takes an in-depth look at suburb-level property data, revealing a surprising market upswing. Upmarket shopping district Herne Bay remains New Zealand’s (NZ) most expensive suburb with a median value of $3.16 million. However, in terms of value growth, cheaper areas reign supreme. Reflecting better relative affordability and easier access for a wider range of buyers, Manunui in…
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FRANCHISE NEWS
New Laing+Simmons office opening in Sydney’s Rooty Hill
Laing+Simmons Mount Druitt have set up shop in the Western Sydney suburb of Rooty Hill. Headed by Jack and Basel Nahas, the new office will service the growing Rooty Hill, Eastern Creek, Plumpton and surrounding areas. It is set to offer a full suite of real estate services to the local community, including sales, property management, auction services, project marketing…
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Real Estate News
Australia’s residential development market falls to a seven-year low
Just $4 billion of total residential site sales were recorded in 2020. It was well below the 2014 peak of $11.3 billion, according to Knight Frank’s Australian Residential Development Review 2021. The review also found the national apartment pipeline will drop over the next three years, with just 86,400 new apartments planned across Sydney, Melbourne, Brisbane, the Gold Coast and…
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Real Estate News
Australian property is selling faster than ever
Demand for property across the country is higher than ever with the average days on market tumbling last month.
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Real Estate News
Sales double in Perth suburbs as first-home buyer activity ramps up
New sales data reveals 10 Perth suburbs have more than doubled their sales volumes in the past year. The Real Estate Institute of Western Australia (REIWA) confirmed the March quarter saw strong sales growth across Perth. There was a 31 per cent increase when compared to the March 2020 quarter, but 10 suburbs stood out with more than 100 per…
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Real Estate News
Australian homes selling faster than ever
New statistics reveal properties across Australia sold at record speed in May. The REA Insights Housing Market Indicators report showed the average number of days on-site fell to a historical low of 32 last month. The June 2021 report combined eight key metrics to provide an up-to-date view of the property market and emerging trends. These metrics include search activity,…
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Real Estate News
Acreage property sells well above reserve in online auction
A 10-acre property in Somerville, Victoria has sold for $402,500 above the reserve, after fierce bidding through online platform Openn Negotiation.
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Elite Agent
How to beat out the competition when winning listings
We are in a market where agents complain constantly about a lack of listings. Buyers are sheep-dogging over the top of each other to make first offers on a limited number of available properties. This means the struggle is not selling, but rather getting the stock on your books in the first place – and you are competing directly with…
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Real Estate News
Home loan commitments hit record high
Owner-occupiers are fuelling a record high level of new loan commitments for housing.
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FRANCHISE NEWS
Stone Real Estate opens Logan franchise
Real estate franchise network Stone is set to capitalise on the growth potential of Logan, Queensland, with a brand new office. Local agent Jason Savage will open the office in what is a strategic move in Stone’s expansion strategy. With a population of just shy of 350,000, Logan is located between Brisbane, Ipswich and the Gold Coast, with easy access…
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Real Estate News
Australia’s housing and rental affordability declines
Overall rental and housing affordability has fallen in Australia in the March quarter, according to new data from REIA. The latest Real Estate Institute of Australia’s Housing Affordability Report has found housing affordability has improved in NSW and South Australia, remained steady in Western Australia and the Australian Capital Territory but it declined in Victoria, Queensland, Tasmania and the Northern…
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Real Estate News
RBA leaves official cash rate at 10 basis points at June meeting
The Reserve Bank has again opted to maintain its current policy settings at its monthly Board meeting, including keeping the official cash rate at the historic low of 10 basis points.
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Real Estate News
Belle Property opens North Lakes office following Bowmaker rebrand
Belle Property has officially launched a new office in Queensland’s Moreton Bay region, with Chris Bowmaker rebranding his real estate.
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Thought Leaders Podcast
When is the right time to lead? Andrew Cocks
Richardson & Wrench managing director Andrew Cocks shares his insight into when an agent is ready to step into their own business, the support they need to transition, and the lessons he’s learned in a lengthy business career.
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Real Estate News
Another way to transact property: Transactor teams up with Contracoin
Leading property communication and transaction platform, Transactor, has opened up new avenues by enabling the use of Contracoin: a blockchain real estate platform that allows buyers and sellers to rapidly transact properties anywhere in the world. Transactor, whose foundations are based on taking the friction out of property transactions with world-first innovations, has been quick to welcome the inception of…
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Real Estate News
The lesson for Australia out of Victoria’s property tax hikes: two out of three ain’t bad
Victorian treasurer Tim Pallas’s three-pronged strategy to raise an extra $2.7 billion in property taxes over the next four years is a case of two out of three ain’t bad, writes Brendan Coates.
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Elite Agent
Sam Gamon: Confidence and experience
As a fourth-generation real estate professional, Chisholm & Gamon director Sam Gamon grew up living and breathing the industry. This year marks two decades since Sam officially embarked on a career in real estate and as he tells Kylie Dulhunty, starting out in a difficult market prepared him well for some of the challenges of the past 12 months.
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