Search Results for: melbourne
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INDUSTRY NEWS
Sydney and Melbourne’s unit markets struggle despite affordability gains
Despite improving affordability in some areas, certain unit markets in Sydney and Melbourne are failing to attract buyers, according to new research from CoreLogic.
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Real Estate News
September property listings hit highest levels since 2015
Sellers are embracing the spring selling season, with new property listings in September 2024 reaching their highest volume since 2015.
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INDUSTRY NEWS
Victoria’s property market faces challenges amid high taxes
Victoria's once-booming property market is now struggling to keep pace with the rest of Australia, according to a leading economist.
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INDUSTRY NEWS
Tasmania leads property boom with 233% gains, while NT lags
Property prices in Tasmania have surged by an impressive 233% over the past 20 years, leading the nation in capital growth.
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Real Estate Content
The Block couples: a peek behind the real estate curtain
For real estate agents, The Block provides a unique case study in how to market high-end homes under pressure.
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INDUSTRY NEWS
ANZ predicts property prices to rise 5.5 per cent in 2025
Australia's capital city housing markets are expected to see continued growth in 2024, with prices forecast to rise by 7.3 per cent.
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INDUSTRY NEWS
Rental market pressures ease as growth slows
Australia's rental market is showing signs of easing, with the pace of growth slowing and more properties becoming available for tenants.
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INDUSTRY NEWS
Rental boom could be done and dusted
It looks like relief is on the way for struggling renters, with the rental market across Australia having finally reached a turning point.
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INDUSTRY NEWS
Affordable homes outpace luxury market in price growth
Cheaper properties have experienced the strongest price growth over the past year, according to a leading property expert.
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INDUSTRY NEWS
Housing market growth slows as spring listings surge
The Australian property market is showing signs of a slowdown, with national dwelling values rising by just 0.4 per cent in September, according to the latest CoreLogic data.
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Real Estate News
Spring Surge: affordability pressures rise as listings climb and market growth slows
Highlights National home values rose 0.4% in September, marking the slowest quarterly growth since early 2023. Year-on-year growth remains strong at 6.7% (CoreLogic) or 5.67% (PropTrack). Capital city performance varies: Sydney steady, Melbourne declining, Perth/Adelaide/Brisbane outperforming. New property listings have surged to levels not seen since 2021, increasing buyer choice and seller competition. Affordability remains a major challenge, with mortgage…
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CONTRIBUTORS
Are we experiencing a Spring oversupply?
August has seen a spike in new listings as well as a spike in auction listings in our company.
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FRANCHISE NEWS
How Art Sudharm turned a family goal into real estate success
A key factor in Art Sudharm's success in real estate has been her desire to support her family.
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INDUSTRY NEWS
Jellis Craig introduces new real-time vendor platform
Melbourne real estate group Jellis Craig has launched a new digital platform that it hopes will redefine transparency in sales campaigns.
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INDUSTRY NEWS
Nicole Jacobs joins Cohen Handler as Managing Director for Victoria
Leading Melbourne buyers advocate Nicole Jacobs has partnered with Cohen Handler to lead its Victorian operations.
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Movers and Shakers
Patrick Stronell joins Savills as State Director
Patrick Stronell has been appointed State Director – Office Leasing VIC at Savills.
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INDUSTRY NEWS
Affordable options still available for buyers with a small deposit
Despite rising property prices, there’s still hope out there from buyers with a deposit under $100,000.
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INDUSTRY NEWS
Buyers take the lead as listings surge
Buyers are back in the driver's seat with surging property listings across the country providing more opportunities and reduced competition.
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INDUSTRY NEWS
Industry wants more houses, not student caps
The government needs to do more than just cap international student numbers to deal with the housing crisis according to the industry.
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Real Estate News
Australian homeowners pocket record $285,000 profit in property resales
Australian homeowners pocketed a record-breaking median profit of $285,000 when reselling their properties in the June quarter of 2024, according to CoreLogic's latest Pain & Gain report.
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INDUSTRY NEWS
Auction markets show signs of cooling, but not everywhere
The auction market is showing signs of a slowdown, but there continues to be a big difference across the major capital cities.
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Real Estate News
Mortgages in arrears as property prices and rents surge
Australia’s housing market is facing increasing challenges as rising mortgage arrears coincide with surging property prices.
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Movers and Shakers
Dominic Long steps up at Knight Frank
Knight Frank is making some leadership changes with Dominic Long to head up the Victorian office.
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INDUSTRY NEWS
New listings hit a decade high in the capital cities
Capital cities have experienced a significant increase in new listings, with Sydney, Melbourne, and Canberra recording their highest August figures in over a decade, according to new data.
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Real Estate News
Mixed Fortunes for Australia and New Zealand Property Markets as Suburb Values Weaken
Recent data from CoreLogic and insights from property experts reveal a mixed picture for both the Australian and New Zealand property markets, with significant variations in value trends across suburbs.
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INDUSTRY NEWS
National vacancy rate drops to 1.39 per cent
Australia's rental market tightened last month, with the national vacancy rate falling to 1.39 per cent in August, according to new data.
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INDUSTRY NEWS
Spring selling season kicks off strongly
The first weekend of Spring selling has started strongly with active buyers driving up clearance rates right around the country.
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Movers and Shakers
Marshall White announces key leadership appointments
Melbourne luxury real estate group Marshall White has made a series of strategic appointments across their leadership team, elevating several agents to Director and Partner roles.
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Real Estate News
Is the sea change dream over?
The Covid pandemic sparked a wave of lifestyle changes across Australia, as buyers traded the hustle and bustle of city life for regional areas.
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Elite Agent
ACT real estate portal launches industry-first build-to-rent solution in Canberra
In a pioneering move for the Australian real estate industry, ACT-based portal Allhomes has introduced a build-to-rent (BTR) product solution, making it easier for renters to find and apply for BTR homes alongside traditional rentals in Canberra. Allhomes, owned by Domain, launched the new feature on 1 August 2024, catering to the emerging BTR market in the capital. The platform…
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Movers and Shakers
Ray White Victoria and Tasmania celebrates top performers
Ray White Victoria and Tasmania has recognised its top performers at its annual awards night, with Ray White Ferntree Gully taking out the top office spot for the eighth consecutive year.
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INDUSTRY NEWS
Property market delivers record profits for Australians
Australia’s property market continues to solidify its reputation as a reliable wealth-building avenue, with a significant surge in profit-making sales across the nation.
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Real Estate News
The Gold Coast is set to outshine Sydney as Australia’s luxury property hotspot
The Gold Coast property market is experiencing an unprecedented boom, overtaking other major Australian cities and attracting significant interest from investors and luxury buyers. With a median house price of $1.17 million, the region now boasts the second-highest median property price in Australia, trailing only Sydney’s $1.7 million, according to Ray White Chief Economist Nerida Conisbee.
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Thought Leaders Podcast
Peter Hooymans: Coaching, Culture, and Calculated Risks – A 30-Year Real Estate Journey
How much of your current strategy is driven by luck, and how much by taking deliberate actions? According to Peter Hooymans, the founder and chief executive officer of Melbourne Real Estate, success is about perseverance, innovation, and strategic decision-making.
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Real Estate News
Domain reports solid jump in revenue and profit
Domain has reported a “strong” set of financial results for the 2024 financial year, with revenue increasing 13.1 per cent to $391.1 million, while net profit increased 27.9 per cent to $49.4 million.
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