National
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How much does the average real estate employee earn?
The Australian Bureau of Statistics has revealed the average weekly income for employees in the real estate sector.
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Profit making resales rise despite lockdowns
The rate of profit making resales continued to increase last quarter, overcoming widespread lockdowns in many areas of the country.
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Value of home loan commitments rises after three months of falls
New loan commitments rose 6.3 per cent according to the latest data from the ABS marking continued strength in the national housing market.
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Top 20 locations where investors can buy with a deposit of $100,000
New research has revealed the top 20 locations that investors can buy into with a deposit of up to $100,000.
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Five reasons to get intimate with your database in 2022
In real estate, your database of past and potential clients is the most critical asset you have when it comes to ensuring success.
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Peak, peaked or peaking? How to read the current property market
Last year’s incredible house price growth drew plenty of media commentary, but there’s one big question many continue to ask: when will the market peak?
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Rents hit record highs in most capital cities
The latest data from Domain shows that rents across most capital cities in Australia are now at record high levels.
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More than 1000 suburbs top $1 million mark
The median house value has hit $1 million or more in 1120 Australian suburbs, new analysis from CoreLogic shows. The data released today shows that more than 400 suburbs in Sydney have a median house value equal to or greater than $1 million, while there are 221 suburbs in Melbourne. CoreLogic Research Director Tim Lawless said a $1 million price…
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Law reform key to digital Australia
Lawyers and business owners are calling out for consistent and permanent reforms across all Australian jurisdictions as digital document signing becomes a business mainstay.
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A culture playbook can help you hire the perfect team member
Creating and using a culture playbook when hiring new team members is essential to ensure you select someone that aligns with your businesses values, according to a leading real estate legal practitioner.
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Omicron hits the real estate sector
With more than 600,000 active cases of Covid in Australia, and the Omicron variant surging across the country, the impact on the real estate sector is now becoming more evident. From staff shortages to legal implications and a slowdown in the rental market, this is what the nation’s real estate institutes are hearing from their members… Real Estate Institute of…
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Is this the end of ultra-low fixed rates?
The era of ultra-low fixed rate loans could be over as interest rates on fixed rate loan products continue to increase.
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Layla Foord joins Rexlabs as new COO
Product specialist Layla Foord will join Rexlabs as its new Chief Operating Officer, leading the team’s product, marketing, people, and culture initiatives.
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Rental market to stay tight as prices surge
Weekly rental prices have surged almost 5 per cent across the country to finish 2021 at a national median of $450 per week, new data shows.
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Are Aussies happy where they live?
New research has highlighted that 70 per cent of Australian’s are happy where they live, however, those people living in Sydney and Tasmania are the least happy with their current location.
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Where is the toughest place in Australia to find a rental?
The suburb of Casuarina, near Tweed Heads, has been named the toughest place in Australia to find a rental property. Research from Well Home Loans has found that the popular NSW beachside location had only one vacant rental property, while asking rents have jumped $205 in the past 12 months. Casuarina had a vacancy rate of just 0.45 per cent,…
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Values continue to increase, with two cities leading the charge
Brisbane and Adelaide are leading the charge when it comes to increasing home values, according to the latest property market indicator summary from CoreLogic.
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Micro markets and varying price growth tipped for 2022
Property prices will continue to drift higher in 2022, however, a leading property expert believes house prices will soon be ‘demand-led’ as markets begin to normalise.
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When will auctions really kick off for 2022?
Just over a week into 2022, and the auction market is well and truly back, with auctioneers across the country reporting they’ve never been so busy in January and the auction year has never kicked off this early.
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What makes an ideal commercial property for an investor?
The commercial property sector in Australia has shown signs of getting hot after more than a year beset by the COVID pandemic.
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Simon Pressley: What 2022 has in store for Australian real estate
Adelaide, Brisbane, Hobart and Canberra could produce between 30 and 45 per cent capital growth for detached houses in the next two years, according to a leading property market analyst.
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Two-speed market as capital city price growth diverges
It’s been a tale of two halves when it comes to capital city property price growth, with the latest data showing Brisbane and Adelaide continuing to rise while Melbourne housing values have started falling. The CoreLogic Hedonic Home Value Index showed Australian housing values rose one per cent in December, slowing from a 1.3 per cent climb in November. The…
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December report reveals tight rental conditions
Rental conditions remain tight, with further strain expected as borders reopen, according to Domain’s latest Rental Vacancy Report.
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A year like no other for the property market
Herron Todd White (HTW) has released its final property clock for the year, looking at the factors which drove the property market in 2021.
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How will stalled population growth impact the property market?
With Australia’s international borders closed for the better part of two years, the Federal Government has revised its population outlook, noting there is likely to be a 1.5 million person shortfall by 2030/31 compared to previous predictions.
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Real estate roundup: the year that was
The Australian real estate market experienced a record year in 2021, with tight supply and strong demand leading to soaring prices. Agents, vendors and buyers innovated through COVID-19 restrictions, including lengthy lockdowns in Melbourne and Sydney. There were numerous mergers, acquisitions and buyouts, along with notable appointments and some surprising departures. Once again, AREC thrilled and inspired, while the AREAs…
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Property prices drive record household wealth in Australia
Rapidly rising property prices have driven total household wealth to record rates, new data reveals. Figures released by the Australian Bureau of Statistics show total household wealth climbed 4.4 per cent, or 590 billion, in the September quarter to reach a record $13,918.5 billion. Wealth per capita also reached new heights at $540,179, the statistics show. Head of Finance and…
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How AI can help you become a million-dollar agent
Most new agents find prospecting challenging as they don't know who to call and what to say.
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Australia’s top-selling suburbs revealed
New South Wales is home to almost all of the top-selling suburbs for houses in 2021, according to newly released data. The data, released by PropTrack, identified the top 10 Australian locations where median prices have made the biggest percentage gains this year. Nine of those were in New South Wales, with Diamond Beach topping the list with 84 per…
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Property market concludes its busiest ever auction year
Just a week out from Christmas, the auction market continues to show its strength, with 4756 properties going under the hammer across the country.
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Economic forecast positive for the property market
The bounce back in the Australian economy forecast in the Mid-Year Economic and Fiscal Outlook (MYFEO) is positive for the property market, the new president of the Real Estate Institute of Australia said.
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Australia’s record-breaking year in real estate
Following an extraordinary 2020, this year has seen Australia’s residential housing market experience unprecedented growth, thanks to continued momentum. Last year’s momentum, combined with monetary and fiscal stimulus measures, has propelled the market, pushing its value to record highs, according to CoreLogic’s annual Best of the Best Report. CoreLogic’s Head of Research Eliza Owen said the estimated value of Australia’s…
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REIA elects Hayden Groves as president
The Board of the Real Estate Institute of Australia (REIA) has today (15 December 2021) elected leading Western Australian agent Hayden Groves as REIA's new President.
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Six out of eight capital cities deemed ‘affordable markets’
Despite an unprecedented property boom in 2021, new research reveals house prices across most of the country are ‘undervalued’ – suggesting positive signs of housing affordability. But Sydney and Melbourne house prices have now exceeded the affordability threshold. The data, compiled by InvestorKit, analysed housing affordability through home loan serviceability – the ability to make repayments on a loan –…
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Market Buy introduces immediate deposit transfer
Market Buy’s new direct deposit function is helping agents keep their deals together in a market where single buyers are submitting offers across multiple properties.
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