Search Results for: melbourne
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INDUSTRY NEWS
The hotel industry rebounds as tourism nears pre-COVID levels
The hotel sector is showing signs of a return to pre-COVID occupancy levels, while room rates are also forging ahead according to an expert.
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Real Estate News
Western Australia has the best property market conditions
Some of Australia’s smaller capital cities and their associated regional areas have the strongest property markets in the country according to new analysis.
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INDUSTRY NEWS
Fisherman Bay has Australia’s most serviceable mortgage repayments
Buyers looking for the most economical towns and suburbs where mortgage repayments are manageable should head to Fisherman Bay in regional South Australia.
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INDUSTRY NEWS
Herron Todd White: $750,000 won’t buy you as much as it used to
The surge in property prices since 2020 has left many homebuyers out in the cold, with fewer options under $750,000 according to the latest Herron Todd White (HTW) Month in Review.
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FRANCHISE NEWS
How Lou Colella is winning in Melbourne’s Bayside area
Just three months after striking out with a new brand and fresh approach to his business, Melbourne agent Lou Colella hasn’t looked back.
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INDUSTRY NEWS
Sydney and Melbourne jump up the liveability rankings
After tumbling down the liveability rankings during government-imposed COVID-19 lockdowns, Sydney and Melbourne have bounced back in 2023.
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INDUSTRY NEWS
House prices have doubled in two years in some regional areas
The surge in regional house prices has seen values in a number of locations double in just over a year.
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National
Investment property listings skyrocket in capital cities
The number of investment properties hitting the market has soared past decade-long averages in three capital cities, despite overall new listings remaining well below normal.
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INDUSTRY NEWS
National housing market set to recover next financial year
House prices in Sydney, Adelaide and Perth could have fully recovered from the 2022 downturn and reached new record highs by the end of the 2023-2024 financial year.
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INDUSTRY NEWS
Recent borrowers could end up spending 50 per cent of their income on their mortgage
Homeowners could be soon forking out up to 50 per cent of their income on mortgage repayments if the cash rate reaches 4.6 per cent according to new analysis.
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INDUSTRY NEWS
New listings push higher as stock levels slowly rise
In good news for buyers, new listings have rebounded nearly 20 per cent last month, however, the flow of fresh levels is still lower than the same time last year.
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INDUSTRY NEWS
Aussie small towns among the world’s most beautiful
Port Fairy on Victoria’s Shipwreck Coast and Esperance, on Western Australia’s South Coast, have been named in Architectural Digest’s 50 Most Beautiful Small Towns in the World. The list, which is compiled annually, also includes towns such as Albarracin, in Spain, where the pink and orange coloured buildings blend seamlessly with their rocky mountain backdrop. Then there’s Banos, in Ecuador,…
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National
Hundreds of markets lose million-dollar status
More than 250 house and unit markets have dropped out of the million-dollar club nationally, with Perth the only capital city not caught up in the downward spiral.
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INDUSTRY NEWS
Regional areas not the solution to city housing pressures
In the face of soaring living costs, a growing number of urban residents are contemplating a shift to regional areas in search of affordable and comfortable lifestyles.
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INDUSTRY NEWS
Rents surged up to 27.5 per cent in the past 12 months
Rents have jumped by as much as 27.5 per cent over the past 12 months marking the largest increase since 1994.
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Elite Agent
Alice Geddes: a taste for success
When Alice Geddes first dreamt of her ideal career, real estate never came into the picture.
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INDUSTRY NEWS
REIV leader Quentin Kilian and Charter Hall co-founder Cedric Fuchs named in King’s Birthday Honours List
Real Estate Institute of Victoria Chief Executive Officer Quentin Kilian has been named in the King’s Birthday Honours List, receiving a Medal of the Order (OAM) for his service to the real estate industry.
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INDUSTRY NEWS
Could Chinese developers Forbes Global 2000 rankings spark hope for Aussie build-to-rent solutions?
One of China’s largest residential property developers, with a key stake in build-to-rent in the country, has ranked second on Forbes’s Global 2000 list of the 10 largest real estate companies in the world.
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INDUSTRY NEWS
More land needed in South-East Queensland to ease the housing crisis
The influx of people moving to Queensland from both overseas and interstate is putting the housing market under extreme pressure, with an expert calling for more land to be released to help ease the crisis.
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INDUSTRY NEWS
More than 40 per cent of suburbs see rents increase by double-digits
Surging migration and tight supply have led to 44.4 per cent of house and unit markets seeing rents increase by 10 per cent in the past 12 months.
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INDUSTRY NEWS
One in four properties purchased without a mortgage
Cash buyers have been active on the East Coast, with a new report showing that 25 per cent of all property purchases in 2022 were made without a mortgage.
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INDUSTRY NEWS
Office market underperforms compared to industrial and retail
Demand continues to wane for office assets as ongoing low occupancy rates and the changing nature of the workplace are leading investors to focus on other asset classes according to an expert.
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INDUSTRY NEWS
House and unit rents finally fall in some cities, while room rents surge
Pressure might be starting to ease in some of the country's most tightly held rental markets with new data showing that asking rents fell in a number of capital cities last month.
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INDUSTRY NEWS
Our top picks from the AREC 2023 Expo Hall
The Expo Hall at AREC is always a favourite with principals, agents and property managers alike, this year was no exception. Whether you were looking for innovative solutions to streamline your property management processes, or new ways to generate sales leads and listings, there was something to suit every need among this year’s exhibitors. There was plenty of innovation on…
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BEST PRACTICE
Reclaiming lost productivity in a real estate office
Too much to do and too little time.
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INDUSTRY NEWS
Affordable capital cities the best option for buyers
The cheaper capital cities of Adelaide and Perth continue to attract buyers and have the potential for more capital growth according to an expert.
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INDUSTRY NEWS
Rate Hike? Aussie property market says ‘No problem’ as price rebound continues
The Reserve Bank’s decision to lift the cash rate in May has not dampened the nation’s house price rebound with both PropTrack and CoreLogic reporting strong growth for the past three months.
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INDUSTRY NEWS
Rental affordability at the worst level in 8 years
Surging immigration and fewer people per home has seen rental affordability fall to the lowest level in eight years according to a new report.
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INDUSTRY NEWS
Capital city auctions record highest clearance rate in more than a year
The combined capital cities have recorded their highest preliminary auction clearance rate since November 2021, with 75.9 per cent of properties selling under the hammer last week.
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WEIRD AND WONDERFUL
Ruin X: the remarkable $3 million home that resembles a modern cave
A one-of-a-kind statement home, reminiscent of a modern-day cave, has made a grand return to the real estate market, hoping to obtain a selling price of about $3 million.
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INDUSTRY NEWS
Industrial property holds up as commercial growth declines
Higher interest rates have seen the growth in commercial assets dry up, however, industrial property continues to hold up according to an expert.
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INDUSTRY NEWS
Victorian Budget sparks outrage: Industry bodies warns of investor exodus and soaring rents
The Real Estate Institute of Victoria has slammed the Victorian Budget as a blatant money grab that will see property investors flee the market and cripple tenants with higher rents.
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FEATURE INTERVIEWS
Redefining Australian living: how build-to-rent is poised to change the game
In the heart of Australia’s cities, a quiet transformation is taking root. A collection of apartment complexes, part of a game-changing initiative known as build-to-rent, is taking shape, further fuelled by the recently announced Federal Government injection into the BTR sector.
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INDUSTRY NEWS
Surging immigration sees share of cheap rentals plummet
Conditions for renters continue to go from bad to worse, with new data showing that surging immigration has pushed the share of rentals listed for under $400 per week to fall to a record low 16.2 per cent.
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Real Estate News
Little town, big sensation: Victoria’s most affordable property sparks a frenzy
A derelict property in a tiny Victorian town has created a frenzy.
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