Search Results for: melbourne
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FEATURE INTERVIEWS
Going above and beyond: housing the Brady Bunch
Going “above and beyond” to help her tenants find a home or settle in once they’re there isn’t something unique for Monique Fildes.
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INDUSTRY NEWS
Rush to quality driving inner-Melbourne market resurgence
An influx of overseas students and the return of Australians from overseas is driving activity in Melbourne's luxury apartment sector, with a future supply crunch set to sustain price growth, says The Agency's Michael Paproth.
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INDUSTRY NEWS
Gold Coast predicted to take an increasing slice of the population pie
The Gold Coast is set to benefit from an increasing share of overseas migration to Australia, helping prices there remain resilient, a leading economist has predicted.
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INDUSTRY NEWS
Sydney beats out Geneva, Paris for super prime sales
Sydney ultra high-end market has proven relatively resilient to economic headwinds, according to new research from Knight Frank.
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INDUSTRY NEWS
Domain sees spike in rental demand coming from China
New figures from Domain show Australia's vacancy rate remained stubbornly low during February, with the company reporting a spike in rental search traffic from China.
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Celebrity Homes
REA Group’s Owen Wilson selling in Toorak
Owen Wilson, CEO of REA Group, has put up his Toorak mansion for sale with an asking price of $16 million to $17 million.
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INDUSTRY NEWS
Is the downturn over? Home values bounce back in February
Australia's property values increased slightly in February, according to PropTrack, while separate figures from CoreLogic also show the downturn losing steam.
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INDUSTRY NEWS
New ABS figures reveal knockdown hotspots
The number of demolition projects in Australia is predicted to fall in the coming 12 months, but some areas are still seeing a high level of knockdown activity, according to new analysis.
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INDUSTRY NEWS
Anne Flaherty: PropTrack economist’s predictions for 2023
While 2023 is likely to be a tough year for renters, signs are starting to emerge that the worst may be over for homeowners, according to PropTrack Economist Anne Flaherty.
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INDUSTRY NEWS
Why the regional sea and tree change trend isn’t over yet
Predictions of a mass return to the cities following the end of the Covid-19 pandemic have been overstated, according to one expert who is predicting continued growth in regional property markets.
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INDUSTRY NEWS
Westpac predicts rents will keep rising for longer
Westpac is predicting that rents will jump by 11.5 per cent this year, enough to tempt investors and developers back into the market.
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CONTRIBUTORS
Melina Cruickshank: driving new business
REA is continuing to invest in our fast-growing Agency Marketplace.
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INDUSTRY NEWS
School zones still attracting price premiums
Being in a school catchment zone could add ten per cent to a property's sale price, according to new research from Domain.
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INDUSTRY NEWS
Population patterns, not tax breaks, responsible for housing crisis
Australia's unique population patterns and a shortage of available residential land near jobs and services has had a far greater impact on house prices than interest rates or government subsidies, new analysis shows.
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INDUSTRY NEWS
HTW property predictions: Second half of 2023 to bring stability
Rapid interest rate increases have eroded the optimism surrounding residential property, but a slowdown in rate rises in the second half of the year is expected to bring increased stability to the market, Herron Todd White says.
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OPINION
Nerida Conisbee: solving Australia’s rental spiral
We need more rental properties. The problem is that the group that funds most of them isn’t too keen on supplying more right now.
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INDUSTRY NEWS
Auction clearance rate on the rise
Auction activity lifted again this week with preliminary figures from Domain recording a 67.6 per cent clearance rate from 1068 reported auctions.
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INDUSTRY NEWS
Listings slide drags on Domain Group profits
The biggest decline in listings in Domain Group's history has resulted in a decline in profits, though revenue still rose in the first six months of the financial year.
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INDUSTRY NEWS
Listings bounce back from summer slumber
New listing numbers have recovered from their traditional summer dip, though they remain lower than 2022 levels, according to a new report from PropTrack.
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INDUSTRY NEWS
Cash rate not the reason for rental affordability crisis, Philip Lowe says
RBA Governor Philip Lowe has told a Senate estimates hearing that the central bank's rapid cash rate increases are not responsible for the current rental crisis, instead placing the blame on a lack of housing supply relative to demand.
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INDUSTRY NEWS
$100,000 St Kilda garage attracts first-home buyers
A St Kilda garage listed for $100,000, that has the potential to be converted into a small apartment has been attracting a lot of attention from potential first-home buyers keen to get into the exclusive Melbourne suburb.
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FEATURE INTERVIEWS
Agents got talent: kicking goals in the ring
Real estate professionals by day and singers, actors, reptile experts and kickboxers by night, many agents have hidden skills their clients don’t suspect. In part two of our Agents got talent special report, Noel Mengel sat down with industry high-achievers to uncover their alter-egos’ talents and how they’ve helped them in their real estate careers.
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INDUSTRY NEWS
Regional price growth continuing, Domain says
New data from Domain shows that the tree and sea change trend is continuing, with property prices increasing in 92 per cent of regional local government areas during the most recent quarter.
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INDUSTRY NEWS
Nerida Conisbee: China is roaring back
China abandoning its zero COVID-19 policy has resulted in the economy rebounding far faster than expected.
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Elite Agent
Realestate.com.au Launches New Marketing Campaign for Property Valuation Estimate Product
Realestate.com.au has announced the introduction of a marketing campaign focused on its property valuation estimate product, realEstimateTM. The product offers property owners a free and instant estimate of their home’s value and provides unique insights into the market. The campaign will the various tools and experiences available to property owners, including the ability to track the value of their property…
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INDUSTRY NEWS
Tough market hits listings as REA announces half-year results
REA Group has announced its results for the six months to December 31, with the group reporting a dip in net profit as listings in Sydney and Melbourne fell as a result of tough property market conditions.
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Thought Leaders Podcast
50 years in real estate: Philip Webb on real estate over the decades, building a rent roll and his legacy
After 50 years in real estate, Philip Webb officially sold his Doncaster-based business in December, closing the door on a career that saw the profession grow from humble beginnings into the thriving industry it is today.
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INDUSTRY NEWS
Block sizes smaller but more expensive
Australian buyers are paying more for less, with a new report from Domain showing the average block size in large capital cities shrank by 13 per cent over the past 10 years, with the price paid per square metre increasing at the same time.
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INDUSTRY NEWS
RBA lifts cash rate to 3.35pc at February board meeting
The Reserve Bank of Australia has lifted the official cash rate by 25 basis points following its first meeting of 2023, taking rates to their highest level since 2012 and flagging that further rises are likely in the months ahead.
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APPOINTMENTS
5 questions with Kay & Burton’s new CEO Nathan Jones
Nathan Jones has been announced as the new CEO of Melbourne and Mornington Peninsula-based agency Kay & Burton.
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INDUSTRY NEWS
O*NO Legal welcomes new senior lawyer
Former real estate agent and senior lawyer, Jonathan Green, has joined O*NO Legal - The Real Estate Agents Lawyer, bringing his passion for both the real estate and legal industries, to a team of like-minded professionals.
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INDUSTRY NEWS
House price declines starting to slow
Capital city house prices are now down 6.1 per cent from their peak in March 2022.
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INDUSTRY NEWS
Prices forecast to decline as much as 10pc in 2023: PropTrack
A new report from PropTrack shows that property prices are on track to decline by between seven and 10 per cent in 2023, with faster-than-anticipated interest rate rises to blame.
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INDUSTRY NEWS
Renters feel the pinch as vacancy rates drop back to record lows
There’s still no relief in sight for renters with vacancy rates returning to record low levels across the country.
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INDUSTRY NEWS
Office vacancy figures show mixed outlook for cities
Businesses and workers continue to slowly trickle back into city CBDs, with new data showing demand for office space increased an average 0.1 per cent in the past six months.
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