Search Results for: melbourne
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National
Vacancy rates at lowest level on record
National vacancy rates have plummeted to a record low of 1.2 per cent, while rental values have soared 2.9 per cent in the three months to June.
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FRANCHISE NEWS
Century 21 increases presence in northern Melbourne suburbs
Century 21 is proud to announce the opening of their newest location in Wollert in the northern suburbs of Melbourne.
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FRANCHISE NEWS
Jellis Craig deploys AI technology to enhance customer experience
Leading Victorian real estate agency Jellis Craig has partnered with Melbourne-based start-up Rental Heroes to introduce a 24/7 renter concierge service powered by Artificial Intelligence (AI).
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Real Estate News
Another cash rate hike with more to come
The Reserve Bank of Australia has warned homeowners more interest rate rises will follow as they raised the official cash rate 50 basis points, to 1.35 per cent, at its monthly meeting today.
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FEATURE INTERVIEWS
Method in the madness: how and when to use a quirky marketing campaign
More than ever, agents are turning to quirky marketing videos in a bid to catch buyers attention and generate top dollar for their vendors. Kylie Dulhunty spoke with three agents about why jumping in pools and wakeboarding on rivers works.
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Real Estate News
It’s a landlord’s market: vacancy rate at record low
Australia’s rental vacancy rate is at the lowest point on record, with the market remaining firmly in landlords' favour according to the latest Domain Vacancy Rate Report.
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INDUSTRY NEWS
Australia’s housing market downturn building momentum
Adelaide is the only capital city still recording monthly property price growth higher than one per cent, with market experts tipping the rate of housing value decline will gain pace and spread further in coming months.
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FEATURE INTERVIEWS
Team blossoms as part of global brand
After 20 years in the business, Anthony Ward knows the Adelaide real estate market like the back of his hand.
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INDUSTRY NEWS
Over 90 per cent of experts tip interest rates to rise in July
There’s likely to be more pain ahead for borrowers, with 91 per cent of experts tipping the official cash rate to rise tomorrow, according to a new survey.
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Real Estate News
Lowest preliminary clearance rate in two years
The preliminary clearance rate has dropped to its lowest level in more than two years after auction volumes further declined this week.
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INDUSTRY NEWS
Rising rates putting pressure on home prices
Brisbane property prices have fallen for the first time since April 2020, with rising interest rates dampening buyers' enthusiasm for purchasing.
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INDUSTRY NEWS
Nearly 13 per cent of first home buyers are considering purchasing interstate
With property prices rising faster than buyers can save, one in eight first home buyers have said they are considering purchasing a home in another state to help them get on the property ladder.
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INDUSTRY NEWS
A quarter of homes sold for more than $1 million
Almost one-quarter of all homes sold in the past 12 months have been worth more than $1 million dollars
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INDUSTRY NEWS
Property prices fuel rise in household wealth
Climbing property prices continued to fuel an increase in total household wealth in the March quarter, with wealth per capita soaring to a record high of $574,807.
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INDUSTRY NEWS
2021 Census: Apartment living rises but fewer homes owned outright
The way Australians live is becoming increasingly diverse, with fewer households owning their home outright and more people living in apartments, according to the 2021 Census.
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INDUSTRY NEWS
Melbourne named Australia’s most liveable city
Melbourne has been named Australia’s most liveable city and number 10 in the world, while other state capitals have tumbled down the rankings.
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Real Estate News
Drop in auction volumes sees clearance rate rise
Auction volumes fell across the combined capitals this week, largely driven by a drop in properties going under the hammer in Melbourne.
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INDUSTRY NEWS
The number of homes cheaper to buy than rent has plummeted this year
Record home price increases combined with rising interest rates have made more homes cheaper to rent than buy.
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FRANCHISE NEWS
The Agency Group opens property gallery in Perth’s Western Suburbs
The Agency Group has opened a property gallery that doubles as an art space in the 'Golden Triangle' of Perth's exclusive Western Suburbs.
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COMMERCIAL
National office markets bounce back faster than expected: HTW
The national office market is continuing to bounce back from the pandemic faster than anticipated according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Profitable resales drop for the first time in 18 months but buyer demand is still solid
The rate of profit-making resales across the Australian property market has fallen for the first time since August 2020, indicating conditions have reached a turning point.
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INDUSTRY NEWS
The Sydney and Melbourne suburbs to defy the downturn
A number of suburbs across Sydney and Melbourne are expected to fare better than others as property price growth eases according to new research.
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Celebrity Homes
Sam Newman’s infamous Pamela Anderson house hits the market
The controversial St Kilda house Sam Newman built featuring Pamela Anderson's face is on the market with an asking price of between $2.3 million and $2.4 million.
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INDUSTRY NEWS
Fallout from rising rates to be less dramatic than predicted: HTW
Rising interest rates are likely to slow down property markets but the fallout will be far less dramatic than most commentators predict according to the latest Herron Todd White (HTW) Month in Review.
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Elite Agent
History doesn’t always repeat itself when it comes to property investment
There's an identical warning in the fine print for every investment or superannuation product: "Past performance is not indicative of future results".
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Real Estate News
Auction volumes up, clearance rate still slipping
Auction volumes increased this week, but still the preliminary clearance is lingering at its lowest point in almost a year.
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Elite Agent
Andrew Cocks: Challenging time to be in government
Thomas Jefferson is quoted as saying, “The government you elect is the government you deserve”.
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INDUSTRY NEWS
House prices continue to rise as other dwelling values slow down
Australian house prices recorded another increase over the March quarter, while other dwelling types saw price growth slow down.
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INDUSTRY NEWS
Aussie homes worth a record $10 trillion
The total value of the nation’s residential property increased by $221.2 billion in the March 2022 quarter, bringing the value of Australian real estate to a record-high $10.2 trillion, according to the Australian Bureau of Statistics (ABS).
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Real Estate News
Clearance rate and auction volumes drop over Queen’s Birthday long weekend
A long weekend in most states saw auction volumes drop this week, with 1393 auctions taking place across the combined capitals, resulting in a preliminary clearance rate of 58.5 per cent.
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INDUSTRY NEWS
New listings rebound after a quiet April
The number of new listings across the country continues to rise, jumping 12 per cent across the capital cities compared to last month according to PropTrack.
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Real Estate News
CBD office occupancy rates rise as workers return
Office workers are flocking back to CBDs across the nation despite Covid and a rising number of flu cases.
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INDUSTRY NEWS
Growth across capital cities slowing at
record paceThe annual rate of price growth across Australia's capital cities is slowing at the fastest rate since 1989.
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Real Estate News
RBA goes ‘hard’ with interest rate jump
Higher than expected inflation has seen the Reserve Bank of Australia lift the cash rate for the second consecutive month, with today’s 50 basis point increase taking the official interest rate to 0.85 per cent.
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INDUSTRY NEWS
Australia is the 13th strongest property market in the world
A number of Australia’s major cities have featured in the global list of best-performing housing markets over the past 12 months.
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