Search Results for: melbourne
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LEADERSHIP
Two Australian cities listed in the top five for entrepreneurial success
Sydney and Melbourne have been highlighted as two of the best cities in the world for aspiring entrepreneurs to start their own business.
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Real Estate News
House prices soar at highest quarterly rate in 10 years
Property prices have increased at the highest quarterly rate in a decade a new report has found, with Sydney still the most expensive capital city to buy a house in. The latest Real Estate Institute of Australia Real Estate Market Facts report shows that the weighted average capital city median price increased by 6.8 per cent for houses and by…
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Real Estate News
Auction volumes below predictions due to Melbourne’s lockdown
Auction volumes dropped below the number previously predicted this week, with 2691 properties going under the hammer across the combined capitals
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Elite Agent
May the busiest auction month on record: Domain
May was the busiest auction month on record, according to a recent report by Domain.
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Real Estate News
National rental vacancy rates fall for second consecutive month
The number of available residential properties available for in Australia have fallen for the second month in a row, with the vacancy rate now sitting at 1.7 per cent, according to the latest research from Domain.
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Real Estate News
Market Buy auction switch a virtual winner
Victoria’s snap lockdown hasn't dampened enthusiasm from prospective buyers, with a house at Mornington Peninsula selling for more than $500,000 above reserve under the hammer through virtual sales platform Market Buy last week.
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Real Estate News
Australian residential property values rise by 2.2 per cent in May
Housing markets continued to surge throughout Australia in May, with CoreLogic's national Home Value Index rising by 2.2 per cent over the month.
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Real Estate News
Top takeaways from AREC 2021 – Day 1
For the first time, AREC’s program combined three key industry-specific streams – residential sales, property management and mortgage broking. At the halfway point of the two-day event, we thought we’d share our top 10 takeaways from Day 1.
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Real Estate News
Third busiest auction week of the year, despite Vic lockdown
Despite the announcement of a snap lockdown in Victoria, this week proved the third busiest auction week of the year, with 2930 properties going to auction across the combined capitals, resulting in a preliminary clearance rate of 75.7 per cent.
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Real Estate News
We ask experts how Victoria’s latest lockdown will affect the industry
With Acting Victorian Premier James Merlino announcing a snap seven-day lockdown for the entire state from midnight Thursday, how will the real estate industry be affected?
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CONTRIBUTORS
Joel Davoren: Make auctions comfortable for buyers
With record prices being achieved across much of Australia’s real estate market over the past year, the popularity of auctions has also skyrocketed. As RE/MAX Australia Managing Director Joel Davoren explains, there’s every chance someone’s dream home will sell under the hammer, so agents need to ensure prospective buyers are comfortable with the process.
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Real Estate News
The lesson for Australia out of Victoria’s property tax hikes: two out of three ain’t bad
Victorian treasurer Tim Pallas’s three-pronged strategy to raise an extra $2.7 billion in property taxes over the next four years is a case of two out of three ain’t bad, writes Brendan Coates.
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Real Estate News
Second place worth celebrating at Harcourts Australia’s awards night
Harcourts Australia had plenty of reasons to celebrate over the weekend. In addition to the company hosting its annual awards night on Saturday, the group also announced it is now the second-largest real estate group in the country.
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Elite Agent
Sam Gamon: Confidence and experience
As a fourth-generation real estate professional, Chisholm & Gamon director Sam Gamon grew up living and breathing the industry. This year marks two decades since Sam officially embarked on a career in real estate and as he tells Kylie Dulhunty, starting out in a difficult market prepared him well for some of the challenges of the past 12 months.
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Real Estate News
Australian start-up pioneering AI technology in property management secures $1 million funding
Rental Heroes, a Melbourne-based prop-tech start-up founded in January 2019, has raised $1 million in a Seed Round to fuel the growth of their cutting-edge artificial intelligence (AI) technology.
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Real Estate News
Auction volumes and clearance take a minor dip
Both auction volumes and the preliminary clearance rate took a minor dip this week, with 2845 homes taken to auction across the combined capitals, resulting in a success rate of 78.2 per cent.
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Real Estate News
New agency set to bring the ‘wow factor’ to Melbourne market
Jignesh Kapadia says his new agency – Luxon Real Estate – is about delivering something special to Melbourne’s real estate scene. “Whatever we do in terms of providing service to a client or vendor, or just a phone inquiry, we want to add ‘Wow!’ to it. My focus is, ‘How we can create experiences for vendors and purchasers which becomes…
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Real Estate News
Planner says it’s time to urbanise the suburbs
With many homebuyers extending their property searches to outer-suburban areas over the past year, a leading urban planner says it's time to break the conventional suburban ‘housing estate’ mould.
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Real Estate News
Industry heavyweights Rise to the challenge of mental health
Nine out of ten real estate agents in Australia experience high stress at work, and 65 per cent of those agents say that stress has led to mental health issues.
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Real Estate News
Clearance rate inches higher after busy auction week
Auction volumes were down slightly on last week, but the preliminary clearance rate inched higher to 79 per cent, after 2892 properties taken to auction across the combined capitals. In comparison, the previous week saw 3016 homes taken to auction, returning a preliminary auction clearance rate of 78.6 per cent, which revised down to 77.2 per cent at final figures.…
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Elite Agent
Ryan Mitchell: Equality for all
At only 30, Ryan Mitchell is the youngest known agency director in his region. Couple that with his dual roles as a property manager and business development manager and you have a unique skill set. Here, Ryan shares his ethos and some of the secrets behind his success with Daniel Johnson.
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Real Estate News
Jellis Craig bolsters network with acquisition of 10 Greg Hocking offices
Victorian real estate network Jellis Craig has bolstered its network, announcing the addition of a further 10 offices to its roster following the acquisition of Greg Hocking real estate group.
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INDUSTRY NEWS
Federal Budget 2021-22 – Relevant points for real estate
The government has revealed a far more optimistic picture of Australia’s future in a Federal Budget that tackled everything from infrastructure to home ownership, and aged care.
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Real Estate News
Property Council welcomes infrastructure commitment in Federal Budget
The Property Council of Australia has welcomed the Federal Government's strengthened infrastructure commitment and details of major new infrastructure projects to be funded in tomorrow's Federal Budget.
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Real Estate News
Property positivity hits one-year low despite rising house values
House values are continuing to climb throughout the country but fewer than half of Australians believe now is a good time to buy property.
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INDUSTRY NEWS
Second busiest auction week of the year
This week proved the second busiest auction week of the year, with 3033 properties taken to auction across the combined capital cities.
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Real Estate News
REA Group announces results for nine months to March 31
REA Group has announced its results for the nine ending March 2021, with revenue of $655.9 million and EBITDA of $415.1 million.
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Real Estate News
Richmond AFL star Dustin Martin earning his stripes as a property investor
AFL superstar Dustin Martin’s post-football prospects appear to be as safe as houses, with the Richmond Tigers star buying up $14 million worth of property in Melbourne over the past few years.
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Real Estate News
Canberra auction clearance rates reached record high in April
Domain has released its Auction Report for April, showing clearance rates in Sydney and Melbourne have declined slightly after the multi-year highs of the previous month.
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Real Estate News
Perth prestige property prices power ahead
Knight Frank has released its Prime Global Cities Index for the first quarter of 2021, which shows prime residential property prices are rising across the globe - and Australia is no exception.
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Real Estate News
Little movement on HTW residential property clock in April
Herron Todd White have released their April property clock, and there has been little movement in the residential sector.
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Real Estate News
Australian housing values continued to grow in April
Housing values rose by 1.8 per cent in Australia in April, with monthly capital gains easing from a 32-year high in March, according to CoreLogic’s national home value index.
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Real Estate News
Preliminary results show over 80 per cent of auctions successful
The preliminary clearance rate has again exceeded 80 per cent this week on the back of higher volumes.
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Real Estate News
Half of Australian homes will be cheaper to buy than rent over the next decade
A new report by REA Group has revealed more than half of homes will be cheaper to buy than rent over the next decade, based on current prices.
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Real Estate News
House prices record steepest quarterly rise in 18 years
Australian house prices recorded their strongest quarterly increase in almost two decades in the three months to March, according to the latest Domain House Price Report.
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