National
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New listings on the rise, with more stock on the way
New listings are on the rise in Sydney and Melbourne, but the smaller capital cities could be about to see an influx of new stock according to new data.
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McGrath posts $6.2 million profit with 18 new offices
McGrath has posted a solid net profit after tax of $6.2 million for the 2022-2023 financial year, despite a tough property market, driven by historically low listings.
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Building industry says “yes we can” build 1.2 million homes
The building industry has thrown its support behind the Federal Government’s “ambitious” plans to build 1.2 million homes over five years to tackle the ongoing housing crisis.
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REA Group named as one of Australia’s Best Workplaces
Great Place to Work has named REA Group as Australia’s fifth Best Workplace for 2023 in the large company category, securing the group’s top five ranking for the third consecutive year.
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New listings on the rise in Sydney and Melbourne
New listings are rapidly rising across Sydney and Melbourne, setting up a busy spring for agents, according to a new report.
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Sydney’s vacancy rate tightens again putting more pressure on renters
Relief for Sydney tenants has been short-lived with new data showing the vacancy rate has fallen again in July.
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Domain profit dips but green shoots are appearing
Domain Chief Executive Officer Jason Pellegrino has labelled the Australian property market over the past six to nine months as the “most challenging” ever seen, with the group posting reduced revenue and profits.
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Businesses flee secondary office buildings
The flight to quality across the office sector continues to see businesses move towards higher quality spaces in a trend that is likely to continue.
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Realtair expands to New Zealand
PropTech Realtair has kicked off the start of its international expansion program, moving into New Zealand this week.
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Industry applauds National Cabinet’s property reforms
A step in the right direction, game-changing, ambitious and sensible are just some of the terms real estate industry bodies have used to describe National Cabinet’s housing policies announced this week.
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More new homes and rent limits on the way
National Cabinet has supported a deal to build 1.2 million homes over five years from July 2024, with Prime Minister Anthony Albanese also rejecting the idea of a rent freeze but signalling rent limits are on the cards. Under the plan, an additional 200,000 homes will be built on top of the one million properties originally announced in the new…
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David ‘Kochie’ Koch joins Compare the Market
Former Sunrise host David Koch has issued a challenge to Australians to switch and save on a “big bill” every week for the next two months.
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New spring selling season campaign for realestate.com.au
Property search portal realestate.com.au, has launched its spring marketing campaign with a headline TV commercial (TVC) featuring celebrated Australian actor, Rodger Corser.
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High end regional property markets continue to struggle
Regional Australia’s housing market has declined over the past 12 months, with the high-end Covid hotspots continuing to lag more affordable locations.
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Falling land sales to add to housing pain
Despite the ongoing housing crisis and record levels of immigration increasing demand for homes, land sales have collapsed.
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The proportion of eco-friendly homes on the rise
The number of eco-friendly listings is on the rise, with more homes being both built and marketed with features like solar panels or water tanks according to new data.
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Apartments emerge as a top investment candidate
Strong demand for apartments has made units an enticing proposition for investors, with a host of locations likely to see rising prices in the next six months.
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Join Domain at RISE Thrive 2023 to embrace a holistic path to success
Later this month, RISE Thrive 2023 will take place at CENTREPIECE, Melbourne Park on Tuesday 29 August.
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The common sense way to provide the ultimate buyer experience
When Jane Briscoe began the process of finding a new family home in Sydney’s North in early 2022, never could she have imagined just how much of her time would be devoted to the search.
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RE/MAX Australia’s RMX23 conference ignites inspiration for agents
Mindset coaches, futurists and real estate technicians gathered at RE/MAX Australia’s multi-day Conference, RMX23, recently to motivate and inspire the network's agents.
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Fixed rate mortgage cliff hasn’t hurt borrowers yet
With the fixed rate mortgage cliff already underway, there’s still no sign of distressed sellers or a blowout in arrears according to an expert.
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Which generation is most likely to engage in rent bidding?
Baby boomers are the least likely cohort of renters to engage in rent bidding, according to new research from rent.com.au.
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Queensland and Western Australia seeing increased demand for office space
While office vacancy rates are rising in Sydney and Melbourne, demand has lifted Queensland and Western Australia according to an expert.
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Vacancy rate easing was just a “blip” according to new research
Rising vacancy rates in certain suburbs might just have been a “blip” with new data showing the number of available rentals in some areas is again starting to fall.
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REACH Australia & New Zealand aim to help more PropTech companies in 2024
PropTech accelerator REACH Australia & New Zealand continues to encourage new PropTech innovation in the real estate industry and is opening applications for its fifth cohort in 2024.
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Farms have hit record prices but the forecast is more uncertain
We have never had such good farming conditions as we did in 2022. While particularly good Australian weather conditions were the major driver, so too were poorer conditions elsewhere around the world.
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There are still affordable rentals across the country
Despite the ongoing rental crisis making life difficult for tenants, there are still suburbs that are affordable for renters according to a new report.
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The best times of day to get your email read
If you’re sick of people not replying to your emails, a new report has found you might be sending them at the wrong time or on the wrong day.
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Alice Stolz: How The Block has changed the way Aussies view property
It’s hard to imagine a time where home renovation and die-hard property shows and content did not dominate Australian culture.
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National property prices set to rise up to five per cent over the backend of 2023
Property prices are expected to increase as much as a further 5 per cent nationally by the end of 2023, new data shows.
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Dwelling approvals and loan commitments drop
The Reserve Bank of Australia may have kept interest rates on hold this week, but that hasn’t stopped property industry experts from hitting out at the central bank after the latest lending figures showed the number of loans for buying and building a new home has dropped alarmingly.
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RBA keeps interest rates on hold a 4.10 per cent
Australian mortgage holders are breathing a sigh of relief this afternoon after the Reserve Bank of Australia opted to keep interest rates on hold.
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Domain launches new AI-powered agent tool
Domain has launched a new AI-powered tool that will help agents identify properties within their CRM, that are likely to come to market within the next 12 months.
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Property prices have nearly recovered all their declines
Property prices rallied again in July and have now nearly recovered all of their 2022 declines, according to PropTrack.
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Auction volumes keep rising, but buyers are still out in force
Despite the unseasonal increase in auction activity, the preliminary auction clearance rate continues to hold above 70 per cent with a “massive” number of registered bidders showing up on auction day.
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