Search Results for: melbourne
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INDUSTRY NEWS
Alice Stolz: How The Block has changed the way Aussies view property
It’s hard to imagine a time where home renovation and die-hard property shows and content did not dominate Australian culture.
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INDUSTRY NEWS
National property prices set to rise up to five per cent over the backend of 2023
Property prices are expected to increase as much as a further 5 per cent nationally by the end of 2023, new data shows.
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INDUSTRY NEWS
Highland to open new office on the Gold Coast
Leading Sydney real estate agency, Highland, will expand into the vibrant Gold Coast property market with the opening of its sixth office.
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INDUSTRY NEWS
More student accommodation needed to keep up with demand
Developers haven’t been building enough student accommodation, and with international student numbers surging, it’s been putting more pressure on housing supply according to an expert.
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INDUSTRY NEWS
Property prices have nearly recovered all their declines
Property prices rallied again in July and have now nearly recovered all of their 2022 declines, according to PropTrack.
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INDUSTRY NEWS
Auction volumes keep rising, but buyers are still out in force
Despite the unseasonal increase in auction activity, the preliminary auction clearance rate continues to hold above 70 per cent with a “massive” number of registered bidders showing up on auction day.
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INDUSTRY NEWS
Could empty offices become affordable housing?
Empty office buildings in Melbourne’s CBD could be turned into apartments and create as many as 12,000 homes, new research has discovered.
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INDUSTRY NEWS
Real estate experts call for action against rental crisis
Real estate experts have called on property managers, agency owners and investors to make a serious amount of noise about the worsening rental crisis, imploring state and federal governments to ditch thoughts of rent freezes and rent caps, which they say will only make the problem worse.
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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
Odds of an August rate hike slashed as inflation cools
There might be relief ahead for mortgage holders with the odds of an August rate hike slashed after a softer-than-expected inflation reading.
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APPOINTMENTS
Steve Maidment joins REA Group as Chief Technology Officer
A technology expert with international experience, Steve Maidment has joined REA Group as Chief Technology Officer.
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INDUSTRY NEWS
House in the same street as The Block homes comes up for sale
If you think you can do a better job of renovating a home than the contestants on TV series, The Block, then a Hampton property in Melbourne, might just give you an opportunity to test your skills as a renovator.
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INDUSTRY NEWS
Property market still faces “significant headwinds” despite a rebound in prices
After six months of property prices rising in the face of high-interest rates, the ongoing recovery still faces “significant headwinds” in the second half of 2023 according to the latest Herron Todd White (HTW) Month in Review.
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Real Estate News
Suburbs set to thrive from Brisbane Olympics
As Victoria deals with the fallout from cancelling the 2026 Commonwealth Games, the 2032 Brisbane Olympic precinct in Brisbane’s Inner South has topped a list of the city’s property hotspots.
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COMMERCIAL
High-interest rates the key driver of commercial property in 2023
The Real Estate Institute of Australia (REIA) expects to see interest rates remain at elevated levels, which will continue to drive commercial capitalisation rates higher over 2023.
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INDUSTRY NEWS
Victorian properties at high risk of damage from rising seas
By 2100 more than 150,000 Victorian properties could be at high risk of damage from sea level rise and storm surge, according to new research on the impact of climate change on the state.
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INDUSTRY NEWS
Are international students behind Australia’s housing crisis?
International students could absorb 70 per cent of the new homes built in Australia between now and 2028, a new study has revealed.
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INDUSTRY NEWS
Trend towards lifestyle locations set to continue
Queensland and Western Australia are set to be the big winners as people continue to flee the big cities and seek out affordable lifestyle locations.
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INDUSTRY NEWS
Unit prices surge across Melbourne
Unit prices in Melbourne have bounced back strongly, with some suburbs seeing quarterly growth as high as 25 per cent, according to the Real Estate Institute of Victoria (REIV).
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Elite Agent
Sun rises on Melbourne Real Estate with infinity loop strategy
Melbourne Real Estate’s business philosophy is a simple one - it wants to be the sun in each client’s universe.
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INDUSTRY NEWS
New listings rise in some capitals but down nationally
New listings and total listings may be down at a national level, but some capital cities recorded a rise in fresh properties coming to market in June, new analysis shows.
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INDUSTRY NEWS
Victorian investors are selling up over costly land tax
Stockdale & Leggo agencies across Victoria have reported a large number of mum and dad investors selling up ahead of the state’s new land tax coming into effect next year.
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OPINION
The global failure of rent controls: A tale of international cities
In an endeavour to address Australia's rental housing affordability crisis, there have been calls for a freeze on rents, caps on rental increases and various other forms of rent controls.
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INDUSTRY NEWS
Easing rental market, but rising rents loom nationwide
Rental market conditions have eased the most since November 2020, but weekly rents are expected to continue rising.
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BTW
Domain partners with Broadsheet on Domain Review magazine
Domain is pleased to announce a partnership between Domain Review Magazine and Broadsheet.
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INDUSTRY NEWS
Surging demand meets limited stock: capital city clearance rates rebound
The demand is there but limited stock has seen the combined capitals auction clearance rate hit a five-week high at a time when it traditionally plateaus.
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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
Investors urged to ‘stop chasing cash flow’ alone
With ever-rising interest rates along with cost of living pressures, investors are being warned to not focus just on cash flow and should look to locations that offer good capital growth opportunities.
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INDUSTRY NEWS
Australia’s rental crisis persists as rents jump again
There’s still no relief in sight for struggling tenants, with rents recording a two per cent rise over the past quarter, according to PropTrack.
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INDUSTRY NEWS
Double your productivity without adding hours – with Elite Agent’s AI Powered Agent Workshop Series
Agents, property managers and leaders looking to supercharge their marketing and create content that effortlessly converts to customers, should sign up to Elite Agent’s full-day accelerated Artificial Intelligence workshops.
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INDUSTRY NEWS
It now takes 15 years for house prices to double in value
The old saying that property prices double every 7-10 years, might need to be updated, with new data showing that it now takes 15 years for properties in Australia to double in value.
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INDUSTRY NEWS
AI could potentially lead to white-collar “Rust Belt suburbs”
The rapid rise in AI is already changing the way white-collar workers operate and it has the potential to severely impact the price of real estate in certain suburbs according to an expert.
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INDUSTRY NEWS
Victoria dominates most in-demand suburbs
The Victorian suburbs of Berwick and Melbourne are the two most in-demand suburbs in the nation, according to new PropTrack data.
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Real Estate News
Short-term and loss-making resales on the rise
Some sellers could be incurring a loss in order to avoid high mortgage repayments, with new data showing the number of loss-making resales held under two years has spiked.
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INDUSTRY NEWS
More branded residences coming to Australia
Australia could soon see more branded residences popping up, with developments featuring the likes of the Ritz-Carlton and Four Seasons brands predicted to grow across the country according to a new report.
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