National
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Rose Bay mansion sale could match record price
A Rose Bay waterfront mansion is expected to hit the market with expectations of $100 million or more, with one report putting the asking price at an Australian record-equaling $130 million.
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Australia’s banks under intense scrutiny over interest rates
Australia’s banking sector is under the microscope with the big four bank bosses and the Reserve Bank governor to be hauled before several Federal Government committees to be quizzed about rising interest rates.
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Nerida Conisbee: China is roaring back
China abandoning its zero COVID-19 policy has resulted in the economy rebounding far faster than expected.
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PM Reach conference goes on the road in 2023
The PM Reach conference is back for 2023 and heading interstate for the first time, with events planned in NSW, Queensland, South Australia, Tasmania, Victoria and Western Australia.
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PropertyMe adds tenant payment service to its property management platform
Property management platform PropertyMe has launched a new rental payment service MePay that allows agents to see rental payments hit the trust account in real time while keeping tenant's bank details private.
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Brisbane tenant suing former landlord for $1.2 million
A Brisbane man who claims he sustained serious life-changing injuries when he slipped on a flooded floor is suing his former landlord seeking $1.2 million in what's set to be a test of the landlord-tenant duty of care relationship.
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Tough market hits listings as REA announces half-year results
REA Group has announced its results for the six months to December 31, with the group reporting a dip in net profit as listings in Sydney and Melbourne fell as a result of tough property market conditions.
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REACH Australia launches Proptech listing portal
Venture capital firm and PropTech accelerator, REACH Australia is getting ready to launch a listing portal featuring all the available PropTech tools and platforms across Australia and New Zealand.
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Block sizes smaller but more expensive
Australian buyers are paying more for less, with a new report from Domain showing the average block size in large capital cities shrank by 13 per cent over the past 10 years, with the price paid per square metre increasing at the same time.
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Andrew Acton celebrates 20 years in real estate
Explore Property leader and industry stalwart Andrew Acton is celebrating 20 years in real estate this year, and to mark the occasion he sat down with Elite Agent to reflect on his greatest wins and biggest challenges so far.
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Raine and Horne appoints new head of network
Raine & Horne has announced the appointment of Mindy Powell-Hodges as the company's new head of network.
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New South Wales the “poster child for failing housing markets”
A new report has found that the country's housing markets are in crisis, with New South Wales deemed the “poster child for failing housing markets”.
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Openn expands partnership with CoreLogic
Online property sales platform Openn has entered a commercial arrangement with CoreLogic that will see its software further integrated into CoreLogic's onthehouse.com.au website.
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REA Group changing the narrative to build confidence
REA Group is campaigning to change the doom and gloom perception of the current property market.
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Borrowers look to refinance as rates rise
Refinancing could hit record highs this year following yesterday’s cash rate rise and with another widely predicted in March.
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RBA lifts cash rate to 3.35pc at February board meeting
The Reserve Bank of Australia has lifted the official cash rate by 25 basis points following its first meeting of 2023, taking rates to their highest level since 2012 and flagging that further rises are likely in the months ahead.
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The landscaping trends set to be a hit in 2023
Earthy colours along with timber and stone-based structures are set to be the major trends in landscaping this year, predicts Landart founder Matt Leacy.
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O*NO Legal welcomes new senior lawyer
Former real estate agent and senior lawyer, Jonathan Green, has joined O*NO Legal - The Real Estate Agents Lawyer, bringing his passion for both the real estate and legal industries, to a team of like-minded professionals.
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House price declines starting to slow
Capital city house prices are now down 6.1 per cent from their peak in March 2022.
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ANZ buys stake in Catalano’s View Media Group
ANZ has spent about $50 million to acquire a stake in View Media Group, majority owner of listings portal realestateview.com.au, in a move intended to see the major bank grow its mortgage book.
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Prices forecast to decline as much as 10pc in 2023: PropTrack
A new report from PropTrack shows that property prices are on track to decline by between seven and 10 per cent in 2023, with faster-than-anticipated interest rate rises to blame.
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Most economists are tipping a rate rise in February, but how much further will the RBA go?
Most economists are tipping a 25 basis point increase to the official cash rate after the Reserve Bank of Australia meets for the first time in 2023.
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Latest lending figures could be bad news for the rental market
A property expert says a decline in new investor lending could be a sign that the rental crisis is set to get worse following the release of the latest ABS lending data.
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First National to use REA Group’s Connect platform for digital prospecting
Agents across First National Real Estate’s 200-plus offices will be able to access REA Group’s Connect platform after the two companies announced a partnership agreement.
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Renters feel the pinch as vacancy rates drop back to record lows
There’s still no relief in sight for renters with vacancy rates returning to record low levels across the country.
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Office vacancy figures show mixed outlook for cities
Businesses and workers continue to slowly trickle back into city CBDs, with new data showing demand for office space increased an average 0.1 per cent in the past six months.
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Explore Property takes a new direction in Townsville
Explore Property leader Andrew Acton has announced changes to the group’sTownsville franchise with a new leadership team driving the brand forward.
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RBA expecting up to 800k fixed-rate loans to end in 2023
A senate committee looking into cost of living of living pressures has shed light on the size of the anticipated 'mortgage cliff' set to test the property market in 2023.
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Young buyers consider teaming up for first purchase
New research from NAB has found that 40 per cent of young Australians would consider buying property with someone other than a romantic partner as a way to get their foot on the property ladder.
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Why caravan parks could be a hot investment
The humble caravan park could be a solid investment prospect, according to a leading commercial real estate expert.
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Pace of property value declines eased in January, new data shows
The rapid pace of property price declines appears to have slowed, with most capital cities recording only a moderate decline in values during January, new data from PropTrack shows.
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Return of overseas students could place further pressure on rents
An anticipated increase in the number of overseas students coming to Australia following the Chinese Government's edict that students must return to face-to-face study could lead to rent rises of five per cent or more, one expert predicts.
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Auction action: What happened over the weekend and what’s in store for 2023
Auctions are back after the summer holiday break, although activity remains subdued in Australia's major cities.
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If Australia follows the US into a tech downturn, these areas will be the most impacted
We may be in a cost of living crisis but we are certainly not in an employment crisis.
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December quarter inflation figures higher than expected
The Consumer Price Index rose 7.8 per cent in the 12 months to December, higher than the predicted 7.5 per cent, raising the likelihood that the Reserve Bank of Australia will hike the cash rate in February.
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