Search Results for: melbourne
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INDUSTRY NEWS
Are weekday auctions the new Saturday?
Saturday might be renowned as the prime day for property auctions, but according to Ray White's national auction day clearance rates, Friday is actually more successful.
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FRANCHISE NEWS
From Wagga to Canberra: The next big step for Dave Skow
Dave Skow has set his sights on Canberra, teaming up with Independent Property Group as their new senior operations manager
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INDUSTRY NEWS
National rents record highest annual growth in over a decade
Despite rental growth slowing over recent months, CoreLogic's Rental Review for the June 2021 quarter shows national rental rates are 6.6 per cent higher than they were last year after enjoying the highest annual growth in dwelling rents since January 2009.
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INDUSTRY NEWS
Clearance rate steady despite lockdowns in the largest auction markets
The combined capital city preliminary auction clearance rate remained relatively steady week-on-week, despite the announcement earlier in the week that Sydney was extending the current lockdown and Melbourne was commencing a fifth lockdown.
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Real Estate News
Snap lockdown thwarts Melbourne’s scheduled auction growth
Melbourne had more than 1,000 auctions scheduled, but the latest snap lockdown could significantly impact these figures.
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Real Estate News
Cheaper to buy than rent more than a third of Australian properties
CoreLogic analysis has suggested servicing a mortgage is now cheaper than paying rent on 36.3 per cent of Australian properties. That is 2.3 per cent higher than before coronavirus hit Australia. CoreLogic reported in February last year that mortgages were cheaper than renting for 33.9 per cent of properties. The analysis was undertaken at the individual property level, using a…
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CONTRIBUTORS
The real estate revolution is gaining pace
Major change is rarely an overnight event. It takes a great idea, time, and the ability to bring others on board with your infectious enthusiasm. Revolution requires momentum – once that’s built and becomes entrenched, you either get on board or get out of the way. Of course, change is also resisted by some – people whose established income streams…
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National
Highest rate of dwelling value growth since 2004
CoreLogic data has revealed Australian dwelling values saw the highest annual growth rate since 2004. The latest CoreLogic housing market data found Australian dwelling values rose 13.5 per cent in the 2020-21 financial year, which was the highest annual growth rate in 17 years. Regional New South Wales saw dwelling value changes for the financial year increase by 21.1 per…
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National
The top 10 most undersupplied metro rental markets revealed
The most undersupplied city locations for rental houses have been revealed, with some locations recording very few available properties for tenants.
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Real Estate News
National auction volumes remain steady despite drop in Sydney
The preliminary auction clearance rate has risen to 76.4 per cent this week, with volumes remaining relatively steady despite a 17 per cent drop in the number of predicted auctions in Sydney.
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INDUSTRY NEWS
CoreLogic investigates how the housing market reacts to lockdowns
CoreLogic has released a comprehensive overview of housing market performance through lockdowns.
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INDUSTRY NEWS
Herron Todd White issues ‘half time’ property market score for 2021
Herron Todd White (HTW) has issued their ‘half time score’ for the property market in 2021, with their June Month in Review highlighting ‘mostly robust property markets across the nation’.
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INDUSTRY NEWS
Major global cities see house prices rising at the fastest rate since 2007
Darwin, Canberra and Hobart house prices are rising at the fastest rate since 2007, says Knight Frank Global.
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National
Just 19 per cent Australians think you can buy a house for the listing price
Prospective homebuyers think they should brace themselves to pay more than the asking price, says new Finder research. A national survey of 1012 respondents found just 19 per cent of Australians agree that houses sell for the price they are listed for. The research revealed 70 per cent expect property to sell for more than what the seller asks. One in…
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Insights
Rental vacancy rates hit a milestone low
New Domain data shows national rental vacancy rates are the lowest on record.
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INDUSTRY NEWS
Auction volumes and clearance rates dip due to COVID uncertainty
The preliminary clearance rate came in at a lower 73.6 per cent this week after the volume of auctions dipped slightly due to COVID lockdowns in multiple Australian states.
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INTERNATIONAL
Melbourne is the best city in the world for working remotely
A new study has revealed the best cities to live in and work remotely from, based on data on legislation, costs and overall liveability. The on-demand housing platform Nestpick investigated the 75 best cities in the world for working remotely. Melbourne and Sydney came first and third respectively. The scores indicates which cities are best prepared to attract a new…
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Real Estate News
Australian dwelling values finish the financial year 13.5 per cent higher
National home values rose 1.9 per cent in June, taking annual growth to 13.5 per cent for the financial year.
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National
Family Home Guarantee and First Home Loan Deposit kicks off around Australia
Two highly anticipated government initiatives started 1 July, designed to provide Australians with a more secure future, but not everyone is guaranteed to be a winner. The Family Home Guarantee and First Home Loan Deposit scheme have each offered 10,000 new spots to eligible lower income Australians. But financial comparison hub RateCity warns consumers to check the fine print for…
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Insights
Knight Frank research reveals promising luxury real estate trends
Australia’s major cities saw their highest quarter of prime residential sales volume on record. At the same time, the number of days a prime property was on the market compressed by almost a week, indicating there’s still more steam in the prestige market ahead, according to Knight Frank research.
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FEATURE INTERVIEWS
Standing the test of time: Tony Pickering
The name Tony Pickering is synonymous with Darwin real estate. After 50 years of dedicated service in the industry, the KG Young & Associates director has been awarded the Real Estate Institute of Australia’s top gong – the 2021 President’s Award. Here, Tony shares how he got started in real estate, his long list of achievements and why he’s not…
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OPINION
The impact of the Lords of Property Instagram page
A few days ago, I received a link to an Instagram account along with a laughing emoji. The account was called Lords Of Property, which instantly made me cringe at the thought of what stomach-churning content could potentially be on it. I was expecting to see rented Lamborghinis, no socks, and other stuff disguised as ‘motivation’ spewed from some self-idolising…
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Real Estate News
PropTech Group to buy Eagle Software as part of growth initiative
PropTech Group has agreed to buy Eagle Software for $7.5 million as part of its objective to own and operate property technology businesses in the Australian, New Zealand and United Kingdom real estate markets. Under the agreement the payment will include $4.1 million in cash and $3.4 million in scrip. It forms part of a wider, $17.5 million equity raising…
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Real Estate News
Sydney holds firm despite lockdown, Melbourne enjoys second busiest auction week of the year
Melbourne has enjoyed its second busiest auction week of the year, but all eyes were on Sydney this weekend after the announcement of snap lockdowns in four local government areas.
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Real Estate News
Profit-making resales jump thanks to hot property market
The number of home owners selling their property at a profit jumped in the March 2021 quarter thanks to the record run for property prices.
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Thought Leaders Podcast
Client care that converts: Tanja Neven-Jones
In this episode of the Elevate podcast, Tanja Neven-Jones shares the strategies that helped her establish a successful real estate career, not just once, but twice.
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FEATURE INTERVIEWS
Dare to dream: Danielle Boyd
Danielle Boyd was just 13 when she was diagnosed with a life-threatening disease, but she hasn’t let it stop her chasing her dreams. From reception to general manager, the Wiseberry agent has worked her way up the ladder with a positive, never-give-up attitude. At just 29, Danielle says she’s only just getting started. If you put a hurdle in front…
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Elite Agent
Listing Loop: Three myths about selling off-market
Selling a property off-market may not be a new concept, but it has gained a lot of traction in recent times. It’s not uncommon to drive around the streets of any major city or town and see a ‘sold sign’ appear out the front of a property when just 24 hours earlier, there was nothing there. Not even a ‘for…
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INDUSTRY NEWS
Over three-quarters of auctions successful this week
Over three quarters of auctions proved successful this week after 2418 properties were taken to auction, resulting in a preliminary clearance rate of 77.8 per cent. CoreLogic noted the volume was again down on numbers predicted earlier in the week, revising down from 2610 with the majority of that drop occurring in Melbourne. Of the 1955 results collected so far,…
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Real Estate News
Over 200 markets now in the million dollar property club
With property markets running hot across the country, a new report has highlighted that there are now 218 million-dollar areas across Australia.
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Real Estate News
Australia’s residential development market falls to a seven-year low
Just $4 billion of total residential site sales were recorded in 2020. It was well below the 2014 peak of $11.3 billion, according to Knight Frank’s Australian Residential Development Review 2021. The review also found the national apartment pipeline will drop over the next three years, with just 86,400 new apartments planned across Sydney, Melbourne, Brisbane, the Gold Coast and…
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FRANCHISE NEWS
Belle Property Canberra celebrates their big win at the REIA Awards for Excellence
Belle Property has been nationally recognised with two awards at the Real Estate Institute of Australia Awards for Excellence.
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National
Largest total value rise on record for residential dwellings
The total value of residential dwellings in Australia now exceeds $8 trillion, according to the Australian Bureau of Statistics (ABS). The ABS found the total value of Australia’s 10.6 million residential dwellings rose by $449.9 billion to $8,293.2 billion in the March quarter 2021. This was the largest rise on record for the ongoing study, which looked into the value…
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Real Estate News
Auction volume down but clearance rate up over long weekend
Auction volumes were again lower than predicted this week, but CoreLogic noted the preliminary clearance rate enjoyed a slight rise.
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Elite Agent
Family first: Oren Flamm
Hodges Caulfield is a true family-run business with siblings Oren and Golan Flamm and their sister Eilat Rachmani carefully guiding the agency their father Alex built.
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