Search Results for: melbourne
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Real Estate News
Chinese buyers spent a record US$101 billion on international property last year
Chinese buyers spent a record US$101 billion on international real estate in 2016, according to a report by Juwai.com, the Chinese international real estate website. The US maintained its position as the top recipient of investment capital with Australia coming in second. The report projects Chinese international property acquisition will be lower in 2017 at around US$80 billion, but will…
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Real Estate News
Core Logic Weekly Wrap – Census Data and Housing Supply
As our population continues to grow, so too does our need for more housing. The 2016 Census housing data shows an increase in housing stock between 2011 and 2016, and how the types of housing being built in capital cities have changed over those years. Despite being in the midst of a nationwide dwellings construction boom over recent years, the…
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Real Estate News
Fewer new homes and apartments in the pipeline in May: HIA
Data released by the ABS shows there has been a decline in housing and apartment approvals over May 2017, raising questions on growing demands for housing by first-home buyers. The number of dwellings approved fell 1.9 percent in May 2017. In seasonally adjusted terms, approvals for construction of new homes fell by 5.6 percent in May, driven by a fall…
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SA Real Estate News
Ouwens Casserly ‘orange stars’ shine bright in sales and customer service
Girl power seemed to be the name of the game in the Ouwens Casserly Real Estate EOFY Awards held recently, with Cynthia Sajkunovic taking out the coveted number one agent spot. Director Alexander Ouwens said the awards reflect the customer-service focus of Ouwens Casserly rather than focusing simply on numbers and dollar figures. “As directors, the awards we hold most…
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INDUSTRY NEWS
Core Logic Home Value Index June 2017
Capital city dwelling values rise 0.8% over June quarter, the slowest quarterly growth rate since dwelling values fell over December 2015 quarter. Despite a seasonally strong result over the month of June, the CoreLogic Hedonic Home Value series shows that momentum of capital gains over the second quarter of 2017 is losing steam. Highlights over the three months to June…
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Real Estate News
Auction volumes fall below 2,000 across the capital cities returning a preliminary clearance rate of 70.3 percent
The combined capital city preliminary clearance rate increased to 70.3 percent this week, up from last week, when the final results saw the clearance rate fall to 66.5 percent, the lowest clearance rate since June 2016. National auction clearance results for the week ending 02/07/2017 courtesy of CoreLogic Auction clearance rates have been trending lower since reaching a peak at the end of…
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Real Estate News
Building Ministers Move on Building Product Safety
Friday’s meeting of the Intergovernmental Building Ministers’ Forum (BMF) presented an opportunity take action on building product safety in the wake of the recent London Grenfell Tower fire and follows calls by many to undertake audits of residential apartment buildings and other high risk buildings. The BMF is a body of Commonwealth, State and Territory Ministers responsible for building and plumbing policy and…
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INDUSTRY NEWS
CoreLogic weekly wrap up – NSW and Victoria remain most popular states for migration
Demographic data released this week from the Australian Bureau of Statistics (ABS) shows a rapid rate of population growth driven by migration. Overseas and interstate migration remained the key drivers for population growth, in turn driving housing demand, according to CoreLogic research analyst Cameron Kusher. “Whereas natural increase removes older people and adds younger people, interstate migration and overseas immigration…
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Real Estate News
Revive 2017 Round Table Series: SA
At the half way mark of the Revive 2017 Wellness and Wellbeing in Real Estate Round Table Series, the tour (which began in Melbourne on Tuesday,) has now left Adelaide, with already some actionable takeaways from the first two meetings.
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Real Estate News
Census overview 2016: home ownership declining and renting on the rise
Census data released yesterday revealed Sydneysiders spend the most on rent and mortgages in the country and, unsurprisingly, Sydney is the most expensive city to live in. The data shows that homeownership rates continue to decline, with a big shift in the proportion of people renting: 31 per cent of Australians owned their own home outright in 2016, compared to…
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Real Estate News
More People Renting and More Apartments: HIA
“The symptoms of an under-supplied housing market continue to show-up in today’s census figures,” stated Tim Reardon, HIA’s Principal Economist. “The number of people living in each dwelling has increased in Sydney and Melbourne to 2.7 people (2.6 nationally). Furthermore, the number of households with six or more people has increased by 20 per cent since 2011. “There has been…
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Elite Agent
Revive 2017 National Round Table Series: Victoria
The first of a series of four industry roundtable meetings was convened yesterday in Melbourne as part of the National Revive 2017 Wellness and Wellbeing in Real Estate Project. The meeting series follows the collection of agent experience with wellness and wellbeing via a broad national survey on the topic. Round Table: One Location: Victoria Who: Kate Strickland (Marshall White), Penni…
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Real Estate News
Pain and Gain: The Best and Worst in the March Quarter
According to the CoreLogic Pain & Gain March 2017 quarter report, nine out of 10 people (90.4%) who re-sold a property during the March 2017 quarter earned themselves a profit. Report Highlights 9.6% of dwellings sold for less than their previous purchase price over the first quarter of 2017. Proportion of dwellings selling for less than the previous purchase price…
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FRANCHISE NEWS
Mitch Palmer joins new Ray White Mermaid Waters
You can take the boy out of Queensland, but you can’t take Queensland out of the boy. The sunshine and lifestyle attractions of the Gold Coast have lured back Mitch Palmer, who is heading up the new Ray White Mermaid Waters after spending six years as an agent and auctioneer in Melbourne. Mr Palmer has joined forces with Ray White…
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Real Estate News
Clearance rates continue to trend below 70 percent across the combined capitals on similar volumes as last week.
There have been 1,840 capital city auction results reported to CoreLogic so far this week, resulting in a preliminary auction clearance rate of 69.1 percent across the combined capital cities. There were a total of 2,323 capital city auctions held this week, down from the 2,444 held last week. National auction clearance results for the week ending 25/06/2017 courtesy of CoreLogic This…
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Real Estate News
Brickx bursts into Brunswick West with Bricks from $99
Australians can now invest in a house in Brunswick West from $99 with Brickx. CEO Anthony Millet expects this latest offering in Melbourne to be popular with investors further adding to the current Melbourne portfolio of Prahran and Port Melbourne. “We’re thrilled to provide access to such a stunningly transformed terrace at an affordable entry price of just under $100,”…
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Brand Editorial
Well Wishing Solutions to provide community engagement workshops
Ask yourself some questions: Are you a valuable resource for your community? Are you consistently interacting with those that live in your suburb? And finally, who would you rather do business with, someone well known and trusted or someone else? Well Wishing Solutions can show you how to improve your local connections by working with you and providing local marketing…
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Real Estate News
Anthony Stevens, former AFL legend joins Elders Real Estate
Former AFL Kangaroos star, Anthony Stevens is embarking on a new career path as a rural real estate sales executive with Elders Real Estate. Mr Stevens will service clients across all agriculture asset classes throughout Victoria and the Riverina. Inducted into the AFL Hall of Fame this week, following an outstanding football career spanning over 16 years and 279 games…
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Real Estate News
Submissions closing soon for AREAs
Submissions are closing soon for the Annual REA Excellence Awards (AREAs), which recognise property industry players who go above and beyond. Now in their second year, the AREAs honour innovative, community-minded high achievers across the entire property industry – from residential and commercial agents, property developers and home builders to those providing home loans or working in the media. Residential…
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INDUSTRY NEWS
ABS: Residential property prices rise 2.2 pc in March 2017 quarter
Residential property prices rose 2.2 per cent in the March quarter 2017 according to figures released on Tuesday by the Australian Bureau of Statistics (ABS). This was the fourth consecutive quarter of growth. Even though residential property prices increased in most capital cities, Sydney and Melbourne were the main drivers of the result. The price rises in Sydney (3 per…
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EPM: Industry News
Day One: PPM 2017 Conference Wrap Up
A sell-out crowd of 200 property managers from around Australia descended on the Marriott at Surfers Paradise yesterday for the 15th annual PPM Conference. The event was jump started with the electric Amanda Gore, who blends the science of EQ, Positive Psychology, Neuroscience, Epigenetics with a frank and hilarious presentation about mindset. Amanda challenged delegates to be more aware of…
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Real Estate News
Auction volumes rise to 2,407 across the capital cities returning a preliminary weighted clearance rate of 69.6 percent
There were 2,407 auctions held across the combined capital cities this week, with a preliminary auction clearance rate of 69.6 percent. Last week, the final clearance rate fell to 67.8 percent, recording the lowest clearance rate year to date, across 1,279 capital city auctions. This is the 3rd week in a row now where the combined capital city clearance rate…
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Real Estate News
The Weekly Wrap: Auctions up but investor activity is dropping
Investor interest in the housing market has started to drop off, according to CoreLogic research analyst Cameron Kusher. Housing finance and credit data released earlier this month by the Australian Bureau of Statistics (ABS) and Reserve Bank (RBA) show there has been a decline in investor activity, with mortgage lenders rationing credit to the investor segment and the lifting of mortgage…
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Real Estate News
Preliminary auction clearance rate holds above 70 percent on lowest volumes since Easter
The number of auctions held this week saw a significant decrease, with 1,265 properties taken to market across the combined capital cities, down from 2,578 over the week prior. The decrease in auction activity this week is attributable to the Queen’s Birthday long weekend, which has affected activity across most states, including Australia’s two largest auction markets. National auction clearance…
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Real Estate News
How do Australian Home Sizes Really Compare?
How many times have you heard “it’s a bit small, isn’t it?” during an open for inspection? But our view of small in Australia is completely different to some places in the UK right now with developers taking advantage of the government’s relaxation of planning regulations, the tiny house trend, and ability to converting commercial office space into small apartments.…
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ACT Real Estate News
Core Logic weekly wrap – remember the good times with the bad
During the up cycle of any property market, it’s natural that people will tend only to focus on when values rise. However, it’s important to remember the times values have fallen dramatically but recovered, bearing in mind it’s more common for combined capital city dwelling values to increase rather than fall. “Although value rises have been more common, it doesn’t…
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Real Estate News
Latest ABS migration data shows Aussies are looking for a sea or tree change
Give me a home among the gumtrees…or the beach. It seems this is the anthem most Aussies follow as latest figures show people are migrating most to coastal or regional areas. The ABS publishes data every year on internal migration across regions of Australia that counts the number of residents moving within a state as well as across state borders.…
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Real Estate News
RBA leaves cash rate unchanged
The Reserve Bank of Australia (RBA) has announced they will leave the cash rate unchanged at 1.5 percent after its monthly meeting yesterday. RBA Governor Philip Lowe said the broad-based pick-up in the global economy is continuing, but while he had an optimistic tone on strength of the labour market, he said wage growth remains low and this was likely to…
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INDUSTRY NEWS
Demand for Property Surges in May according to REA
While demand for property seemed to subside somewhat in April according to the REA Group Property Demand Index, the month of May saw demand for housing reach a new record high. The latest figures from REA Group suggest more price growth in major cities, despite other reports, such as the CoreLogic Home Value indices for the same period showing small…
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Real Estate News
Foreign resident capital gains withholding tax too low: REIA
The initiative outlined in the 2017 Budget for foreign resident capital gains withholding is too low says REIA President Malcolm Gunning. The Government propose to reduce the foreign resident capital gains tax withholding to $750,000 from the current $2 million from 1 July 2017. REIA President Malcolm Gunning said in REIA’s view the proposed threshold of $750,000 is unjustifiable. “If…
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Real Estate News
Preliminary clearance rate holds above 70 percent as the number of auctions held slips lower
The first week of winter saw auction volumes fall, with 2,545 homes taken to auction, compared to 2,885 the previous week. The preliminary clearance rate across the combined capital cities was higher (73.9 percent) compared with last week’s finalised result, which was the third lowest clearance rate so far this year (71.3 percent). National auction clearance results for the week ending 04/06/2017 courtesy…
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Real Estate News
Multiple Indicators Point to a Softer Housing Market: CoreLogic
The CoreLogic May Home Value Index results out today confirmed that the capital gains trend has slowed over recent months with dwelling values edging 0.4% higher over the three months ending May 2017. Highlights over the three months to May 2017: Best performing capital city: Adelaide +2.0% Weakest performing capital city: Canberra -1.5% Highest rental yields: Hobart houses with gross…
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INDUSTRY NEWS
New report demonstrates value to the Australian economy from foreign investment in real estate
A new ACIL Allen Consulting report, commissioned by the Property Council of Australia, has highlighted the strong and substantive benefits to the economy of foreign investment in commercial and residential real estate. The report, released at a high-level summit of domestic and international property and finance leaders at Parliament House yesterday, is in response to ongoing union and political campaigns…
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Real Estate News
realestate.com.au joins forces with The Property Couch
realestate.com.au is teaming up with The Property Couch, one of the country’s best property podcasts, to bring Australians the property information, insights and advice they need to help with one of life’s biggest decisions. The Property Couch is made up of two of Australia’s most respected property experts, Bryce Holdaway and Ben Kingsley, who are passionate about helping people make smart…
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Real Estate News
Language is no barrier in multi-cultural Sunshine: Ray White
Ray White Sunshine has just opened in inner west Melbourne with young gun Dee Nguyen at the helm, who is excited to be joining the Ray White family. Principal Mr Nguyen started in real estate in 2008 and is rebranding to Ray White from a smaller independent agency group, with a team of more than 10 staff across property management…
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