Search Results for: melbourne
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Elite Agent
RBA to make second rate cut, say experts
This Tuesday is Melbourne Cup day, but the real punters will be watching the Reserve Bank of Australia that afternoon, as experts tip that the RBA board will announce a second rate cut for 2020, at the final meeting of the year. In the Finder RBA Cash Rate Survey, 29 of the 43 experts and economists predicted a rate cut announcement…
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Elite Agent
The Agency’s Sam Hobbs lands $20m of Melbourne sales in two weeks
The Melbourne property market has certainly bounced back since Stage 4 restrictions lifted across Melbourne earlier this month.
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Elite Agent
Sydney house prices rise as units fall, marking largest price gap on record
Sydney housing prices took a massive tumble in the June quarter, losing close to $22,000 off the median price.
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Real Estate News
Hobart house prices to leapfrog Adelaide, as Darwin moves past Perth
Domain's latest House Price Report has revealed the Australian housing industry has largely bounced back, with all capital cities aside from Melbourne recording house price growth over the September quarter.
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Elite Agent
Celebrating the small wins – and the big ones: Anna Molinaro
Last week, Anna Molinaro from OBrien Real Estate Blackburn took out the Real Estate Institute of Victoria Excellence Award for Residential Property Manager of the year. It’s an impressive win for Anna, excelling in what will no doubt go down as one of the worst real estate markets in living memory. And, it’s even all the more impressive when you…
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Elite Agent
Energy-saving AI tech trialled in CBD offices and malls
AMP Capital has started to roll out new energy saving AI technology in a number of its Australian office buildings and retail centres.
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Elite Agent
Over a quarter of Aussies say now is the time to buy property
New research commissioned by ING has found Australians have no real qualms about investing during this recession, with 44 per cent of those surveyed feeling property is the strongest investment option, and 26 per cent feeling now is the best time to make such an investment.
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Elite Agent
Healthy housing agenda needed
The World Health Organisation has always been interested in housing as one of the big “causes of the causes”, of the social determinants, of health. The WHO launched evidence-based guidelines for healthy housing policies in 2019. Australia is behind the eight ball on healthy housing. Other governments, including in the United States, United Kingdom and New…
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Real Estate News
Survey highlights rental uncertainty during COVID-19
A new survey from Flatmates.com.au with more than 12,000 respondents highlights the uncertainty felt by renters during the pandemic.
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INDUSTRY NEWS
Auction markets continue to strengthen
As Victoria returns to in-person auctions, the market is gaining moment, with a surge in Melbourne listings contributing to 1456 capital city homes taken to auction this week. The figure is the highest volume of auctions seen since early April, while the clearance rate also proved strong, with preliminary data…
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Real Estate News
2020 REIV Awards: The complete winners list
Check out the acceptance videos from all the winners, and the complete list of winners and finalists.
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Elite Agent
Melbourne overtakes Sydney in new property listings
Since private inspections started back up again in Melbourne towards the end of last month, a flood of new listings have entered the marketplace.
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Elite Agent
Reserve Bank notes increased housing activity, despite weak investment levels
On October 6, the same day as the Federal Budget was announced, the Reserve Bank Board met and decided not to change the cash rate.
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Real Estate News
Victoria ‘well-placed’ to further ease restrictions
During a press conference this morning, Daniel Andrews said Victoria was "well placed" to receive some very significant announcements about further easing of restrictions.
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Real Estate News
Eview set to shake up Melbourne’s outer South-East
Eview Group's momentum shifts up a gear, as the network continues their widespread grasp on Melbourne's outer eastern suburbs.
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Elite Agent
Melbourne’s real estate industry reacts to relaxed restrictions
Spring selling season may have gotten off to a slow start in Melbourne, but the announcement over the weekend that real estate auctions can now occur with a maximum of ten people should help spur it into action.
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Real Estate News
Auction clearance rates strengthen as Melbourne activity ramps up
Auction clearance rates strengthen as Melbourne activity ramps up The combined capital city preliminary auction clearance rate hit 72.4 per cent this week as volumes rose across the capitals. CoreLogic reports 1134 homes taken to auction this weekend, up from the 1084 auctions held last week. Of the 878 results…
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INDUSTRY NEWS
All Victorian real estate re-opens
As restrictions continue to lift in Victoria, outdoor auctions for residential and commercial properties will now be permitted with up to 10 people in attendance while in-person inspections are also back on the agenda for commercial sales and leasing. Effective as of midnight Sunday, 18 October, the news has been…
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INDUSTRY NEWS
Domain Rental Report shows rental markets in flux
Domain's September Rental Report has shown there is little consistency across the states and territories, with prices hitting all-time highs in some capitals, while rent declines severely in others.
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Real Estate News
Confidence in the housing market has boomed: Westpac
"This is an extraordinary result," said Westpac chief economist Bill Evans of the overall consumer sentiment.
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Elite Agent
Am I coping well during the pandemic?
The pandemic has posed unprecedented challenges. Many of us have lost work, gained carer responsibilities and grappled with social isolation. Experts have warned of a looming wave of mental illness as a result.
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OPINION
COVID impacts demand a change of plan: from commuting to living locally
Long-term planning has delivered mass transit systems to cater for high-patronage, hub-and-spoke transport systems. Unfortunately, this has left many city residents without basic access to public transport services. And we could never have planned for the impacts of COVID-19. Our previous plans were based on the best available data at the time. Today, these plans must be critically reviewed using new…
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Elite Agent
Is housing supply driven solely by demand? New research sheds light
New Australian Housing and Urban Research Institute (AHURI) research reveals what many of us assumed, that housing supply across Australia is uneven. The uneven distribution of housing supply 2006-2016 was authored by academics at The University of Sydney, Curtin University, and The University of Adelaide, and delves into both the…
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Elite Agent
Vic property values defy gloomy predictions
Despite the prolonged lockdown and a reduction in auctions, Victorian property values have continued to defy gloomy price predictions with regional homes even setting a new quarterly record. Releasing new data on Sunday, Real Estate Institute of Victoria President Leah Calnan said values were holding firm after six months of the Coronavirus pandemic. “The quarterly median prices for the September…
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Real Estate News
Clearance rate climbs to 71.5 per cent
The combined capital city preliminary auction clearance rate increased to 71.5 per cent across a higher volume of auctions this week. CoreLogic reports there were 1090 homes taken to auction over the week, up from 648 over the previous week although significantly lower than this time last year (2,022). “Of the 822 results collected so far, 71.5 per cent were…
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Elite Agent
First home buyer loans hit 11-year high
"The short-term stimulus from HomeBuilder is emerging in the housing finance data released by the ABS today."
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Real Estate News
Little movement in the property clock
As Victoria reopens for business, Herron Todd White has reported very little movement in the property clock over September with just a few select regions improving their position while major markets like Sydney and Melbourne remain in decline. This month Herron Todd White notes the capitals of Adelaide, Canberra, and Hobart retain poll position, Albany in WA has reached the…
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Elite Agent
Cutting JobSeeker payments will cause crippling rental stress in our cities
As soon as the COVID-19 pandemic caused businesses to shut down, state governments acted to avoid evictions by introducing moratoriums, and the federal government introduced the Coronavirus Supplement of A$550 on top of the fortnightly JobSeeker payment. These measures were intended to enable 1.6 million Australians to ride out the pandemic-related business shutdowns. This welcome…
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Elite Agent
Leading a franchise during a pandemic
We all watched in horror as Wuhan in China was consumed by the Coronavirus (later renamed COVID-19) in the first few months of 2020. We saw the chaos, the heartbreak, the overwhelmed hospital system and what looked perilously like a breakdown of society. By early March it was evident that…
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Real Estate News
Eview Group announces further expansion across Melbourne’s south-west
The Eview Group has announced a fresh, new presence across the City of Wyndham as the network continues its expansion in the Melbourne real estate market. With a master’s degree in Information Technology, a solid real estate career fuelled by passion, and a plethora of personal property trade, Mahesh Krishna has launched a dynamic and connection-focused, self-titled brand, Mahesh Krishna…
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Real Estate News
Clearance rate down slightly as volume decreases due to long weekend
Clearance rate down slightly as volume decreases due to long weekend Auction volumes were lower this weekend, as much of Australia enjoyed a public holiday, and that saw the clearance rate also slip marginally to just under 70 per cent CoreLogic reports 657 homes were taken to auction, down from…
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Elite Agent
It’s about to become easier to lend irresponsibly, to help the recovery
What used to be known as a requirement to lend responsibly is now regarded as red tape.
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FRANCHISE NEWS
Mirvac ramps up build-to-rent projects
Mirvac are betting on the build-to-rent market in a big way, with plans to develop and manage 5,000 build-to-rent apartments across Australia within the next five years.
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Real Estate News
Belle Property expands Victorian footprint with three new offices
Belle Property has launched three new offices in Victoria. Belle Property Daylesford, helmed by Principals Will Walton and Peter Douglas, has launched into Trentham, extending the brand’s reach across the Hepburn Shire region. Meanwhile industry veteran Peter Julian has opened two offices servicing the Surf Coast region with Belle Property Geelong and Belle Property Torquay. Dovetailing with lockdown restrictions easing…
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Elite Agent
Melbourne and Sydney drag down an otherwise strong September
September saw an impressive turnaround for housing sentiment across six of the eight capital cities, with an increase in home values, a rise in new listings, and consumer confidence back where it should be.
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