Search Results for: melbourne
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INDUSTRY NEWS
Perth prices rise as the market outperforms Sydney and Melbourne
Home prices across Perth have continued their rise, increasing 0.6 per cent in May according to new data from CoreLogic.
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WEIRD AND WONDERFUL
Surry Hills is the world’s 11th most Instagrammable neighbourhood
The inner-city Sydney hotspot of Surry Hills has been named Australia's most Instagramable location, highlighting just how popular the trendy urban playground really is.
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FRANCHISE NEWS
Top Bayside agent Tracy Tian Belcher joins The Agency
High-profile agent Tracy Tian Belcher has joined The Agency as a property partner in the brand's Victoria team.
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FEATURE INTERVIEWS
How Ben Codling found the best of both worlds
In Victoria, sales agent and principal Ben Codling believes he's genuinely struck it lucky.
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INDUSTRY NEWS
Unprecedented demand for industrial property pushing up prices
Record demand for industrial space has continued to put upward pressure on rents and property values with the trend expected to continue.
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INDUSTRY NEWS
Home prices fell in May as interest rates rose
Home prices across the country fell for the first time since the start of the pandemic just as homeowners saw the first RBA rate rise in over a decade.
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Real Estate News
Prices fall in inner-city and expensive suburb micro markets
Micro markets in major capital cities have started to weaken, with prices falling as much as 8.5 per cent in the past three months. The latest CoreLogic Property Pulse showed inner-city and upper-quartile suburbs in Sydney, Melbourne and Canberra have led the price falls with suburbs such as Sydney’s Beaconsfield dropping 8.5 per cent in the past three months. In…
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Real Estate News
RBA examines the post-pandemic housing market
Property prices have increased, the construction industry is at capacity, and the average Australian household size has fallen throughout the course of the COVID pandemic. But will these trends continue into the foreseeable future?
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Real Estate News
Preliminary clearance rate rises on the back of auction surge
This week proved the busiest auction week since the pre-Easter spike, with 3229 properties going under the hammer across the combined capitals to record a preliminary clearance rate of 63.7 per cent.
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INDUSTRY NEWS
The East Coast’s most affordable and liveable suburbs
Sydney and Melbourne are becoming opportune markets for buyers with a growing list of affordable suburbs according to a new report.
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INDUSTRY NEWS
Auction numbers to bounce back after the Federal Election
Auction volumes are set to rise sharply this weekend following lower volumes last week as a result of the Federal election.
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INDUSTRY NEWS
Busselton is WA’s best performing regional centre in 2022
Busselton was the top-performing regional centre across WA during the March 2022 quarter, with prices increasing 5.5 per cent to $580,000.
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INDUSTRY NEWS
Demand for industrial space sees vacancy rate hit 10-year low
Industrial and logistics properties across the east coast of Australia are seeing record demand with vacancy rates now at a decade low.
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OPINION
Construction industry woes likely to keep house prices high
All data coming out about the construction industry shows ongoing challenges.
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FEATURE INTERVIEWS
Billy Mitchell: Why real estate is about much more than bricks and mortar
Billy Mitchell always loved Port Douglas as a holiday destination so when the opportunity came to expand his flourishing real estate business into the Far North Queensland tropical town he jumped at the chance.
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Real Estate News
Federal Election puts a dampener on auctions
With the nation heading to the polls for a Federal Election at the weekend, both the auction volumes and the preliminary clearance rate felt the effect, slumping to the lowest success rate of the year. CoreLogic reported auction activity was down across all capitals, except Perth, with just 1676 properties going under the hammer in the combined capitals to record…
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INDUSTRY NEWS
Rising construction costs to weigh on builders and home buyers: HTW
Rising construction costs are ongoing labour shortages are putting increasing pressure on builders and new home buyers, according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Perth luxury market ‘gearing up’ for growth
Luxury property market prices in Perth are expected to soar in the second half of 2022, according to experts.
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INDUSTRY NEWS
Property flipping getting tougher as interest rates and building costs rise
Flipping property has been a solid investment strategy over the past 18 months, however, a leading buyers agent warns there are now additional risks that could make the practice less profitable.
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OPINION
Andrew Cocks: Investors hold the key to rental relief
There’s been no let-up in the recent tales of distress resulting from the dramatic worsening of rental affordability and vacancy afflicting our capital cities and regional centres. And we’re only at the start of what is shaping up as an extended period of strong rental demand.
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FRANCHISE NEWS
Area Specialist model expands to Mornington Peninsula
Mornington Peninsula agent Lloyd Hillard is looking to give other agents the chance to be their own boss while earning much more than in a traditional real estate office.
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FRANCHISE NEWS
Eview Group rebrands as Agents’Agency
Fifteen years after commencing as a single agency in Victoria, the Eview Group is set to embrace a new look and name as the network continues its rapid expansion across Australia.
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Real Estate News
Auction clearance rate falls for fourth consecutive week
The preliminary clearance rate continues to trend lower after auction volumes rose 38 per cent this week to see 2847 homes taken to auction across the combined capital cities.
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INDUSTRY NEWS
New listings drop during a disrupted April
Listings eased off during April as vendors hit the pause on sales campaigns with the Easter and Anzac Day public holidays causing interruptions, according to new data.
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INDUSTRY NEWS
Buyer’s agent says keep interest rate rise in perspective
The headlines may be screaming doom and gloom, but one buyer’s agent says rising interest rates aren’t all bad news and purchasers need to keep things in perspective.
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INDUSTRY NEWS
Demand for property falls in April
Demand for property eased in April with views-per-listings and sales both lower according to new data.
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INDUSTRY NEWS
The Australian suburbs that are primed for price growth
Campbells Creek in regional Victoria could be ripe for property price growth, as one of a number of locations that are set to buck the trend of a cooling market.
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COMMERCIAL
Australian office investment set to surge in 2022
Investment in the Australian office market is set to surge this year, according to the latest research from valuer Knight Frank.
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FRANCHISE NEWS
Coco Ma is on track to write $2 million in 2022
Just five years after a career change from her fast food business in central Melbourne, Coco Ma is on track to write $2 million in gross commission in 2022.
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Real Estate News
How the rate rise affected this week’s auctions
After the first rate rise in over a decade, auction volumes were down this week, with 2039 properties going under the hammer, resulting in a preliminary clearance rate of 64.7 per cent.
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SUPPLIER NEWS
REA Group delivers a strong Q3 performance
REA Group has posted a strong third-quarter earnings result, buoyed by a booming property market as listings continued their post-COVID-19 recovery.
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INDUSTRY NEWS
Robust Queensland market to shake off rate rise
The Queensland property market is well positioned to handle this week's cash rate increase from the RBA according to the Real Estate Institute of Queensland (REIQ).
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OPINION
Nerida Conisbee: Nine things to consider as interest rates rise
Although I am 100 per cent sure all the property forecasts published right now won't be exactly correct, one thing we can be certain about is that the property market is entering a new cycle.
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Celebrity Homes
Kath and Kim’s home to be demolished
The famous “Fountain Lakes” house used in Kath & Kim is being demolished in a sad day for fans of the iconic Australian TV series.
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INDUSTRY NEWS
Richard Simpson elected new REIV president
The Board of the Real Estate Institute of Victoria (REIV) has elected respected real estate agent Richard Simpson as its president, through to October 2022.
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