Search Results for: melbourne
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Elite Agent
September vacancy rates drop again: tight conditions ahead for property managers
Renters should prepare for increased competition and rising rental prices as PropTrack’s latest report reveals a third consecutive month of falling vacancy rates across Australia in September 2024, with conditions tightening in both capital cities and regional areas. Nationally, the rental vacancy rate dropped to 1.34%, with Sydney, Hobart, and Canberra seeing some of the most significant declines. Listen to…
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INDUSTRY NEWS
New home sales stabilise
The latest data from the Housing Industry Association (HIA) indicates that the Australian new home market is showing signs of stabilisation, with home sales unchanged in September compared to August. According to HIA Economist Maurice Tapang, “market confidence in new home building is returning,” which is an important indicator for agents working in the residential property sector. The HIA’s New…
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Elite Agent
The costly mistakes holding agents back
Discover how to overcome real estate agent inefficiencies with structured systems and technology. Boost productivity, streamline tasks, and grow your business. Learn more!
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INDUSTRY NEWS
Opposition vows to scrap Victoria’s controversial ‘Airbnb tax’
The Victorian Opposition has pledged to repeal the state's contentious Short Stay Levy Bill if elected in 2026, citing concerns over increased holiday costs and economic impacts.
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INDUSTRY NEWS
Auction market lifts as spring heats up
The Australian property market has seen a sharp uptick in activity as spring selling season gains momentum according to new data.
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Real Estate News
Taskforce Australia announced as Telstra Best of Business Awards Victorian State Winner
Taskforce Australia is delighted to announce that it has been named the Victorian State Winner for Outstanding Growth in the 2024 Telstra Best of Business Awards.
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QLD Real Estate News
Brisbane’s property boom continues despite national slowdown
Brisbane’s property market remains a standout performer in 2024, even as growth across other Australian cities moderates.
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INDUSTRY NEWS
Australian property market hits $11 trillion despite slowing growth
Australia's property market has reached a new milestone, with the total value of residential real estate surpassing $11 trillion for the first time, but growth is starting to ease.
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Movers and Shakers
Ray White Marine moves to Rose Bay Marina
Luxury yacht brokerage Ray White Marine is relocating its Sydney headquarters to Rose Bay Marina in November 2024.
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INDUSTRY NEWS
Investors flock to charity-backed commercial properties
There’s currently a surge in demand for properties backed by established charities like the Salvation Army and St Vincent De Paul.
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VIC Real Estate News
Victorian rental market sees over 10% increase in 2024
The latest data from the Homes Victoria June Quarter 2024 Rental Report reveals a sharp increase in rental prices across the state.
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INDUSTRY NEWS
Sydney and Melbourne’s unit markets struggle despite affordability gains
Despite improving affordability in some areas, certain unit markets in Sydney and Melbourne are failing to attract buyers, according to new research from CoreLogic.
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Real Estate News
September property listings hit highest levels since 2015
Sellers are embracing the spring selling season, with new property listings in September 2024 reaching their highest volume since 2015.
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INDUSTRY NEWS
Victoria’s property market faces challenges amid high taxes
Victoria's once-booming property market is now struggling to keep pace with the rest of Australia, according to a leading economist.
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INDUSTRY NEWS
Tasmania leads property boom with 233% gains, while NT lags
Property prices in Tasmania have surged by an impressive 233% over the past 20 years, leading the nation in capital growth.
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Real Estate Content
The Block couples: a peek behind the real estate curtain
For real estate agents, The Block provides a unique case study in how to market high-end homes under pressure.
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INDUSTRY NEWS
ANZ predicts property prices to rise 5.5 per cent in 2025
Australia's capital city housing markets are expected to see continued growth in 2024, with prices forecast to rise by 7.3 per cent.
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INDUSTRY NEWS
Rental market pressures ease as growth slows
Australia's rental market is showing signs of easing, with the pace of growth slowing and more properties becoming available for tenants.
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INDUSTRY NEWS
Rental boom could be done and dusted
It looks like relief is on the way for struggling renters, with the rental market across Australia having finally reached a turning point.
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INDUSTRY NEWS
Affordable homes outpace luxury market in price growth
Cheaper properties have experienced the strongest price growth over the past year, according to a leading property expert.
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INDUSTRY NEWS
Housing market growth slows as spring listings surge
The Australian property market is showing signs of a slowdown, with national dwelling values rising by just 0.4 per cent in September, according to the latest CoreLogic data.
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Real Estate News
Spring Surge: affordability pressures rise as listings climb and market growth slows
Highlights National home values rose 0.4% in September, marking the slowest quarterly growth since early 2023. Year-on-year growth remains strong at 6.7% (CoreLogic) or 5.67% (PropTrack). Capital city performance varies: Sydney steady, Melbourne declining, Perth/Adelaide/Brisbane outperforming. New property listings have surged to levels not seen since 2021, increasing buyer choice and seller competition. Affordability remains a major challenge, with mortgage…
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CONTRIBUTORS
Are we experiencing a Spring oversupply?
August has seen a spike in new listings as well as a spike in auction listings in our company.
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FRANCHISE NEWS
How Art Sudharm turned a family goal into real estate success
A key factor in Art Sudharm's success in real estate has been her desire to support her family.
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INDUSTRY NEWS
Jellis Craig introduces new real-time vendor platform
Melbourne real estate group Jellis Craig has launched a new digital platform that it hopes will redefine transparency in sales campaigns.
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INDUSTRY NEWS
Nicole Jacobs joins Cohen Handler as Managing Director for Victoria
Leading Melbourne buyers advocate Nicole Jacobs has partnered with Cohen Handler to lead its Victorian operations.
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Movers and Shakers
Patrick Stronell joins Savills as State Director
Patrick Stronell has been appointed State Director – Office Leasing VIC at Savills.
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INDUSTRY NEWS
Affordable options still available for buyers with a small deposit
Despite rising property prices, there’s still hope out there from buyers with a deposit under $100,000.
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INDUSTRY NEWS
Buyers take the lead as listings surge
Buyers are back in the driver's seat with surging property listings across the country providing more opportunities and reduced competition.
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INDUSTRY NEWS
Industry wants more houses, not student caps
The government needs to do more than just cap international student numbers to deal with the housing crisis according to the industry.
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Real Estate News
Australian homeowners pocket record $285,000 profit in property resales
Australian homeowners pocketed a record-breaking median profit of $285,000 when reselling their properties in the June quarter of 2024, according to CoreLogic's latest Pain & Gain report.
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INDUSTRY NEWS
Auction markets show signs of cooling, but not everywhere
The auction market is showing signs of a slowdown, but there continues to be a big difference across the major capital cities.
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Real Estate News
Mortgages in arrears as property prices and rents surge
Australia’s housing market is facing increasing challenges as rising mortgage arrears coincide with surging property prices.
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Movers and Shakers
Dominic Long steps up at Knight Frank
Knight Frank is making some leadership changes with Dominic Long to head up the Victorian office.
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INDUSTRY NEWS
New listings hit a decade high in the capital cities
Capital cities have experienced a significant increase in new listings, with Sydney, Melbourne, and Canberra recording their highest August figures in over a decade, according to new data.
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