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INDUSTRY NEWS
Stamp duty slashed for off-the-plan property purchases in Victoria
The Victorian government has announced a significant reduction in stamp duty for off-the-plan apartments, units and townhouses in a bid to stimulate the housing market and address the state's housing crisis.
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INTERNATIONAL
Rising house costs hit middle-class America hard
Much like what is happening in Australia, middle-class homeowners in the US are increasingly facing a financial squeeze due to rising housing costs, a trend that has accelerated over the past decade.Nearly 30% of middle-income homebuyers spent more than 30% of their income on housing in a significant increase from a decade earlier. This “cost-burdened group”, identified by a common…
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INDUSTRY NEWS
A global comparison: Sydney’s housing shortfall tied to slow transport expansion
A new report, Defining Density (Done Well), highlights that Sydney’s housing shortage is closely tied to its lagging transport infrastructure compared to global cities. Tokyo leads with 553 stations within a 30km radius, while Sydney only has 99. This stark difference limits Sydney’s ability to develop high-density housing near public transport hubs, further exacerbating its housing crisis. The report shows…
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VIC Real Estate News
Victorian rental market sees over 10% increase in 2024
The latest data from the Homes Victoria June Quarter 2024 Rental Report reveals a sharp increase in rental prices across the state.
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INDUSTRY NEWS
Industry warns against rent controls
Queensland's property industry is sounding the alarm over potential rent controls, warning they could further reduce rental availability.
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INDUSTRY NEWS
Domain launches Spring campaign to empower agents and guide buyers
Real estate platform Domain has unveiled its new Spring campaign, focusing on the trade-offs Australians face when choosing a home.
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Movers and Shakers
Freddy Handa opens Belle Property Rouse Hill
Freddy Handa has launched Belle Property Rouse Hill in Sydney's Hills District.
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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
Housing affordability measures fail to capture true costs
Current housing affordability measures are not accurately reflecting the real housing costs for lower-income households, according to new research.
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INDUSTRY NEWS
Proposed tax reforms would make negative gearing only available to some investors
A new report from RMIT University suggests using Australia's tax system to incentivise property investors to improve conditions for private renters.
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Movers and Shakers
Lydia Sheridan Takes the Helm as JLL’s New Head of Marketing for ANZ
Lydia Sheridan has been appointed as JLL's new Head of Marketing for Australia and New Zealand. With 17 years of experience, she will lead the marketing strategy across the region, focusing on brand growth, sustainability efforts, and client engagement. Sheridan joins JLL’s Australasian Executive Committee and Global Field Marketing Leadership Team.
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Real Estate News
Call for urgent overhaul of sub-standard homes
As Australia embarks on a plan to build 1.2 million new homes over the next five years, the poor quality of the country’s existing housing stock has come under sharp scrutiny.
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Real Estate News
The urban density dilemma
"The rental market is shrinking, and it's really at an alarming rate with the shortage of supply," warns Tilly Gillan, Head of Property Services at MRE.
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INDUSTRY NEWS
New laws aim to improve strata living in NSW
The NSW government has introduced new legislation to restore confidence in strata living and investing, targeting issues with strata managing agents and insurance policies.
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Real Estate News
Most buyers and sellers rate their experience with agents positively
Three-quarters of buyers and sellers involved in a property transaction in the past year have rated their experience directly with real estate agents as either “excellent” or “above average” according to a new national survey.
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Movers and Shakers
Joanna Jiang opens Harcourts Balwyn office
Joanna Jiang has launched a new Harcourts office in Balwyn, bringing a diverse team with multilingual capabilities to the area.
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Elite Agent
Apartment living: The way of the future
As urbanisation accelerates and cities continue to expand, the demand for efficient, sustainable, and affordable housing solutions is becoming more pressing. Adrian Wilson, Founder and Director of Ayre Real Estate, advocates for apartment living as the optimal solution for modern urban dwellers.
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INDUSTRY NEWS
Olympic boom: Brisbane prices could rise 50 per cent
Brisbane could be on the verge of an extended boom in property prices, with value potentially rising 50 per cent thanks to the upcoming Olympics and huge interest from foreigners.
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Real Estate News
Western Sydney’s commercial real estate boom: growth and opportunity await
Commercial real estate agents servicing Western Sydney have a golden opportunity to build their career, brand and agency on the back of the region being earmarked as “Australia’s engine room”.
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Movers and Shakers
George Karasalidis heads to Ray White
George Karasalidis is bringing his team across to Ray White as the leading agent looks to continue to grow in Earlwood and Wolli Creek.
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INDUSTRY NEWS
Office assets becoming the new “alternative asset”
Demand for office assets has plummeted in recent years, with some experts now suggesting they could soon be classified as alternative assets.
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INDUSTRY NEWS
Residential yields outperform commercial assets
Rising interest rates have seen yields increase across different asset classes, however, residential property has been steadily outpacing commercial assets.
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Real Estate News
Gold Coast’s Landmark project to boost A-grade office space
A Gold Cost mixed-use development is set to provide the city with a year’s supply of office space.
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Elite Agent
Nerida Conisbee: Shouldn’t we already be in recession?
An interesting global study was recently released by the International Monetary Fund (IMF,) which looked at how sensitive countries were to monetary policy based on their housing markets.
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Real Estate News
Nerida Conisbee: The uncomfortable truth about achieving housing affordability
There have been a lot of people, events and policies blamed for Australia's low level of housing affordability.
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Thought Leaders Podcast
The power of ‘yes’: Katrina Tarrant on mindset, mental health, solving the housing crisis and tech versus touch
Katrina Tarrant’s ‘yes’ mindset not only fuels her leadership, it also inspires extraordinary personal achievements - even though her own personal challenges.
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INDUSTRY NEWS
Broken Hill could solve Australia’s housing woes
A buyers agent is calling for Australia’s inland cities to undergo an urban renewal in a bid to help ease the current housing crisis.
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Movers and Shakers
New Armstrong Creek office marks McGrath’s regional expansion
McGrath Estate Agents has launched the new McGrath Armstrong Creek in regional Victoria, marking the group's expansion into the attractive lifestyle precinct.
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Elite Agent
Where are Australia’s most walkable suburbs?
How do you measure walkable cities? One way is to take a look at the reliance on cars.
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Elite Agent
The intersection of AI and PropTech: a deep dive into current innovations and future prospects
The convergence of Artificial Intelligence (AI) and property technology (PropTech) is dramatically reshaping the landscape of the real estate industry.
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Thought Leaders Podcast
Cracking the code: Mathew Tiller on breaking down the Budget, solving the housing crisis, and what today’s market means for agents tomorrow
Mathew Tiller masterfully deciphers the Federal Budget and housing crisis, unveiling transformative strategies and market insights every elite real estate professional needs to excel in today’s competitive landscape.
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Thought Leaders Podcast
Pipeline perfection: Jess Lenouvel on digital marketing domination, understanding your target market and scaling your business
In today's digital age, where mastering online presence and client engagement is key, Jess Lenouvel sets herself apart as a real estate marketing visionary. She unveils her strategies for turning strangers into loyal clients, connecting with your audience, and reducing the ‘hustle’ while growing your business to new heights.
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INDUSTRY NEWS
Housing data lab gets $1 million funding to solve housing crisis
The City Futures Research Centre (CFRC) at UNSW Sydney has been awarded a $1 million grant by the office of the NSW Chief Scientist to create a new lab to help analyse the ongoing housing crisis.
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Real Estate News
Mandurah is Australia’s fastest growing city
Mandurah, on the southwestern coast of Western Australia, has been named as the fastest growing city in the country in the past 20 years.
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INDUSTRY NEWS
Australia’s 20 largest property groups keep growing
Australian property has been strong over the past 12 months which is also driving up the value of some of the largest property groups in the country.
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