Search Results for: melbourne
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National
Lockdowns lead to lower seller confidence but buyers remain keen for more
The REA Insights Listings Report August 2021 analysed new listings in order to deduce the latest market supply trends.Â
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INDUSTRY NEWS
What could burst the Australian property market boom?
Ray White chief economist Nerida Conisbee has investigated whether anything could bring Australia's current property market growth to a halt.
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INDUSTRY NEWS
What does the Spring selling season look like for states in lockdown?
Less than two weeks out from the spring selling season of 2021, lockdown conditions are in place across the ACT, Greater Melbourne, NSW and NT.
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INDUSTRY NEWS
Herron Todd White: Property clock shows almost all markets in positive position
Most residential markets have remained in the rising-to-peaking sector of the national property clock, according to Herron Todd White's national property report for July.
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BTW
Australasian Auctioneering Championships postponed until 2022
REIA and the REINZ announced the postponement of the Australasian Auctioneering Championships (AUSTROS) until 2022.
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Real Estate News
Auction clearance rate lower as markets navigate lockdowns
The volume of properties taken to auction was slightly higher this week, but the clearance rate dropped marginally as the most popular markets navigated lockdown.
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INDUSTRY NEWS
How the property market has evolved amid the pandemic
Australia’s property market exceeded all expectations in 2020 and the first half of 2021, as a the suggestion of potential market crash was swiftly switched out to reports of a nationwide market boom. PRD has released its Australia Economic and Property Report for 2021, which analyses how the property market has evolved over the past year due to multiple factors,…
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Elite Agent
Marketing outside the box: How to sell a murder house
Marketing a home that’s out of the ordinary doesn't have to be a chore. In fact, if you think outside the box, you can make a property’s quirks work in your favour
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Real Estate News
How the COVID-19 pandemic will change the Australian housing landscape long-term
A drop in investor appetite for high-rise apartments and a push towards lifestyle-centric housing are just some of the trends the COVID-19 pandemic has accelerated, according to property experts. Many of these trends were already underway in the Australian economy, but the spread of COVID-19 created an economic bubble for many industries, which will likely hold strong for years to…
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SUPPLIER NEWS
How proptech startup Sorted Services doubled its headcount amid the pandemic
Sorted Services, an Australian digital platform streamlining the property management lifecycle, has announced significant growth amidst a challenging macroeconomic environment.
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INDUSTRY NEWS
Dwelling values and sale volumes continue to rise across Australia but rental yield declines, says CoreLogic
CoreLogic has released their August insights, summarising Australian housing market data to the end of July 2021. They found the Australian housing market has continued to maintain the highest dwelling values since 2004, but quarterly values have started to gently decline, when compared to May 2021. Sales volumes also rose across Australia, both in regional and metro markets. Rental values…
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Elite Agent TV
What social media really thinks of The Block 2021
Renovation competition show The Block returned to Channel Nine for its 17th season on Sunday night, with competitors vying to create luxury living in a suburban cul-de-sac.
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Real Estate News
Auction volumes and clearance rate dip with three major capitals in lockdown
Both auction volumes and the preliminary clearance rate fell this week in the wake of lockdowns across Australia's three largest capitals.
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SUPPLIER NEWS
REA Group Australia reveals strong growth in their FY21 results
REA Group has announced positive end of financial year results, with their revenue of $928 million up by 13 per cent, and net profit of $318 million up by 18 per cent.
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Real Estate News
Sydney’s CBD office market shows resilience amid lockdowns
The Property Council of Australia's latest Office Market Report has highlighted the resilience shown by the Sydney CBD office market.
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OPINION
Don’t let your ethics fall while the market rises
You know it and I know it. This is without a doubt the busiest, strongest and most absurd market that we’ve experienced. Incredible auction clearance rates, banks keeping interest rates at record lows, and buyers flocking to the market ready to purchase. It is a seller’s paradise. Offers are flooding in left, right and centre, with potential buyers hedging their…
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INDUSTRY NEWS
Regional areas benefit from Sydney and Melbourne’s population exodus
Regional areas in New South Wales and Victoria have seen a huge spike in house sales as city residents move away from Sydney or Melbourne.
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SUPPLIER NEWS
Property investors and homeowners are in danger of being underinsured
MCG Quantity Surveyors said Australian property owners are at immediate risk of a massive insurance blow.
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APPOINTMENTS
New Century 21 office opens in Caroline Springs
Century 21 Paramount Realtors has opened a second office in Caroline Springs, located in the western suburbs of Melbourne.
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Real Estate News
McGrath appoints Marguerite Foxall to spearhead Victorian expansion
McGrath Estate Agents has appointed experienced agent Marguerite Foxall to the position of State Manager for Victoria, as the company earmarks the southern state for future growth and expansion.
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INDUSTRY NEWS
Australia’s growth cycle tapers as housing becomes less affordable
Australian housing values increased a further 1.6 per cent in July, according to CoreLogic.
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Real Estate News
Auction volumes steady, clearance rate rises
This week’s preliminary clearance rate has edged higher and volumes remain on par with previous weeks, despite the fact more than 250 of the anticipated 2077 auctions for this weekend were rescheduled to a later date.
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APPOINTMENTS
Former weatherman Mike Larkan’s new career path as an auctioneer
Former Network 10 weatherman Mike Larkan is forecasted to thrive in his new career as an auctioneer, after being axed from TV last year.
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INDUSTRY NEWS
Sydney and Melbourne are the only capital cities with declining rental markets
REIA president Adrian Kelly said Sydney and Melbourne saw rents fall slightly, while other capital cities saw rents increase
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LUXE LISTINGS SYDNEY SEASON 1 RECAPS
If you don’t like rejection, get out of real estate: Luxe Listings Sydney Episode 4 recap
Rise and grind people – we’re back with this week’s recap of Luxe Listings Sydney. And we mean grind. No dates. No roses. No boats. No bars. Just the 5am club, plenty of cold calls, a malfunctioning mouse and a very long drive over the Harbour Bridge. The end. Just kidding. We’re straight to into the action at Cohen Handler where…
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INDUSTRY NEWS
Gap between median house and unit prices breaking records
The price premium of houses over units has continued to emerge since March last year, as stage two restrictions rolled out across the nation.
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INDUSTRY NEWS
Pandemic fuels regional migration and pushes property prices up
Across the country, prestige and regional markets have seen incredibly positive results over the past year, but other areas have also experienced prominent changes.
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CONTRIBUTORS
Rental Heroes appoints new national sales manager
Melbourne-based proptech Rental Heroes launched in January 2020 and already has over 50,000 tenants across Australia who are subscribed to it's AI chatbot.
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COMMERCIAL
Cheaper for small businesses to buy commercial property than lease
Raine & Horne Commercial have released their second quarter 2021 edition of Commercial insights, supplying the industry with an insight into the health of the commercial property market in Australia.
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VIC Real Estate News
Why current restrictions will have different impacts to Melbourne’s 112-day lockdown last year
Ray White chief economist Nerida Conisbee has analysed the parallels between Melbourne's 112-day lockdown last year and what is happening across Melbourne, Sydney and Adelaide now in terms of property listings and sales.
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National
Australian residential auction market records the busiest period in four years
The three months to June proved the busiest auction period since December 2017, according to new insight from CoreLogic.
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INDUSTRY NEWS
Fewer properties taken to auction due to multiple lockdowns
There were 1849 homes taken to auction across the combined capital cities this week, resulting in a preliminary clearance rate of 74.8 per cent this week.
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QLD Real Estate News
Record low vacancy rates continue to impact Queensland
Nearly two thirds of local government areas in Queensland have recorded their lowest or equal lowest residential vacancy rates since 2010 as the state's rental market continues to tighten.
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Real Estate News
Which regions have seen the highest rent value increases over the year?
CoreLogic data across 88 local markets shows that, as with the current housing market upswing, rental market increases have been broad-based.
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COMMERCIAL
Affordable regional markets are attracting first-time commercial investors
Raine & Horne has found regional commercial property markets around Australia are very attractive for business owners and investors, particularly for first-timers. Regional towns like Wagga Wagga, Port Macquarie and Mackay are experiencing very strong economies, primarily due to their COVID-19 recovery efforts. Executive Chairman of Raine & Horne Group, Angus Raine, said for those new to commercial property investing,…
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