National
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New rental listings nosedive in April
Vacancy rates may have eased slightly in April but the latest PropTrack data shows the number of new rental listings on realestate.com.au plummeted last month.
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Aussie renters feel ‘left out’ of the Federal Budget despite new housing initiatives
More than half of Australian renters say they’ve been ignored in last week’s Federal Budget, with a further 25 per cent saying the government measures aimed at fixing the housing crisis don’t go far enough.
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Rental vacancy rates show slight improvement nationally
Rental vacancy rates eases slightly across the nation in April, with Darwin the only capital city to see a drop in vacancy rates.
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REA Group revenue hit by interest rate turbulence; Indian market shines
Interest rate uncertainty and subdued listing numbers have contributed to REA Group posting a decline in third-quarter revenue and earnings.
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Queensland has the nation’s most affordable suburb
Bardon, the leafy, green suburb in western Brisbane has topped a list of the nation’s most affordable suburbs.
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Small investors remain active in the commercial market
Higher interest rates have contributed to slowing commercial property sales, however, assets under $5 million are still popular with investors according to an expert.
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Federal Budget doesn’t do enough to address long-term housing shortage
Real estate and housing industry experts have said the Federal Budget looks good on the surface but lacks the depth to address the nation’s long-term housing shortage.
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Building approval drop adds more fuel to the housing crisis
The housing crisis across the country could get worse after building approvals dropped to their lowest level in a decade, according to experts.
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Protect your business and clients’ privacy: O*NO Legal’s Privacy Prepared Health Check
There’s no better time than now to make sure you’ve got your legals covered when it comes to your clients’ privacy.
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Rent assistance forms part of first surplus Federal Budget in more than a decade
Cost of living relief has formed the centrepiece of Jim Chalmers’ second Budget in under a year, with the treasurer delivering a surplus for the first time in 15 years.
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Alison Hancock joins Domain
Domain has appointed human resources executive Alison Hancock as its new Chief People Officer.
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Are renters being forgotten with the focus on mortgage holders?
Despite the ongoing attention on mortgage holders getting hit with higher interest rates, renters are actually the ones that are far worse off according to new research.
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Foreign buyers return to the Australian housing market
Foreign buyers are returning to the Australian market following a drop in numbers in 2022, according to a new property report.
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The big four banks pass on the latest rate hike
There’s no relief in sight for borrowers, with all big four banks announcing they will pass on the latest 25 basis point rate hike.
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First-home buyers lead the way as new loan commitments rise
New loan commitments for housing have risen for the first time since early 2022, climbing 4.9 per cent in March, including a substantial 15.8 per cent increase in new owner-occupier first-home buyer loan commitments.
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Remote investing soars, but it could trouble tight rental markets
Remote investing has accelerated for the third year running, despite the easing of Covid restrictions, and it could spell bad news for some of our tightest rental markets.
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Some capital city vacancy rates starting to ease
The nation’s vacancy rate remained at its lowest point on record in April at 0.8 per cent, despite the number of available rentals increasing slightly in five capital cities.
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We need a ‘lemon law’ to make all the homes we buy and rent more energy-efficient
A long-awaited increase in energy-efficiency requirements for new homes is part of revised Australian construction standards that have taken effect this week.
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Interest rates rise for the 11th time in this cycle
The Reserve Bank of Australia has increased interest rates for the 11th time in 12 months, lifting the cash rate 25 basis points to 3.85 per cent.
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Confidence returns to the property market
Confidence is slowly returning to property markets across the country, with demand for quality properties still remaining high according to experts.
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Federal Government boosts housing packages ahead of the May Budget
The Federal Government has announced a raft of increases to national housing initiatives ahead of its May 9 Budget, including an additional $2 billion for social and affordable rental housing.
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The rate debate: 55 per cent of experts expect a rate rise
Despite the Reserve Bank of Australia (RBA) holding rates steady last month and inflation appearing to reach a peak, 55 per cent of experts think the board will hike the cash rate again at the May meeting.
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Australian housing downturn has likely ended with positive growth trend emerging
Three of Australia’s leading real estate data providers have suggested the property market downturn is over.
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Sydney’s Woollahra named most affluent Local Government Area
Waterfront locations dominate the list of Australia’s wealthiest LGAs, with Woollahra topping the list of the most affluent areas.
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Buyers increasingly focused on lifestyle and location: HTW
While interest rates and affordability have dominated the headlines, most home buyers are increasingly focused on access to transport, lifestyle and community when making their purchase decision according to the latest Herron Todd White (HTW) Month in Review.
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REA Group announces all the AREAs winners
Winners in the Annual REA Excellence Awards (AREAs) have been announced with Ouwens Casserly Real Estate taking out the coveted Residential Agency of the Year Award.
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Is the downturn over? House prices on the rise
Australia's property market is showing cautious signs of recovery, with house prices across the combined capitals increasing in the March quarter for the first time in a year.
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Is another interest rate pause on the cards?
Inflation in Australia continues to fall, sparking hopes of a second consecutive interest rate hold next week.
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Two-speed demand splits rental market
A two-tiered rental market is appearing, with demand for rentals in capital cities soaring while in regional areas it is falling dramatically.
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Privacy webinar to get frontline professionals up to speed
To mark Privacy Awareness Week, O*NO Legal - The Real Estate Agents’ Lawyer has redesigned its highly popular, free privacy webinar to help frontline real estate professionals who deal with personal information.
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Landlords to cut office leasing incentives
As workers return to the office in increasing numbers, landlords are expected to reduce office leasing incentives in 2023, according to experts in the field.
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New data proves rent bidding occurs and new tenants more likely to see rent rises
In the past year, rents have increased for almost three-quarters of rental properties, up from about one-quarter each year pre-pandemic, according to a new report built on data from MRI Software.
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Half of households dip into savings to pay the bills
Households are being forced to dip into their nest eggs and even their kid's savings to try and cover the surging cost of living.
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Regional areas and high-end Sydney suburbs lead the bounce back
Affordable regional areas and high-end Sydney suburbs dominate the list of locations experiencing a market bounce back, according to new research.
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Commercial real estate sector resilient amid challenging conditions
Commercial property markets remained resilient this year despite higher interest rates hurting demand, according to a new report.
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