National
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How property settlement period blowouts are impacting agency cash flow
If you’re an agent, you’ll know that the current tight market conditions have meant that settlement periods are expected to blow out, with some even extending far into next year.
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Real estate agencies among Australia’s most loved local businesses
Podium, the leading communication and payments platform for local businesses, has today announced the winners of Australia’s Most Loved Local Businesses, alongside COSBOA, the Council of Small Businesses Organisations of Australia. Podium, the leading communication and payments platform for local businesses, has today announced the winners of Australia’s Most Loved Local Businesses, alongside COSBOA, the Council of Small Businesses Organisations of…
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Double digit-growth boom for regional housing markets
Regional Australia is continuing to witness house value increases that outpace the capitals, with the best performing regions enjoying an annual rise of more than 30 per cent.
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The number one feature Australian homebuyers are looking for
With Australians spending more time at home than ever, it appears the backyard swimming pool is back in vogue, as homebuyers scramble to get ready for summer. According to Domain, the most searched term across all capital cities in October was, ‘pool’, ahead of other popular terms such as ‘home office’ and ‘courtyard.’ With Australians unable to travel overseas, and…
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Australia’s cheapest street to buy a home is in Western Australia
A tiny town in outback Western Australia with less than 500 people is also home to Australia’s cheapest street in which to buy property. Main Rd in Mullewa has a median house price of just $28,500, according to Ray White Chief Economist Nerida Conisbee. Mullewa, which is 99km east of Geraldton and 450km north of Perth, is known for its…
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The prime real estate position Australians are willing to pay top dollar for
One in three super prime residential sales in Australia over the last year have been absolute waterfronts, with buyers paying greater premiums than ever before.
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Why you need a whole lot more in the bank to buy a luxury property in Australia
Forget the million dollar price tag for a prestige property, $4 million is the new $1 million, according to Ray White’s Nerida Conisbee. In a recent look into the luxury property market, Ms Conisbee noted the sector was among the beneficiaries of the pandemic. And, like other areas, it was being driven by low interest rates, high savings, more time…
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The busiest auction week on record
This week proved the busiest auction week on record with 4261 properties going under the hammer across the combined capitals.
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Big Four bank’s decision to scrap sub-2 per cent interest rates a ‘wise one’
The National Australia Bank (NAB) is the only big four bank offering an interest rate lower than 2 per cent, following Westpac’s decision to discontinue its introductory variable rate of 1.99 per cent.
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Auction numbers jump 10 per cent each week since September
For the first time in CoreLogic history, the number of auctions scheduled across Australian capital cities has exceeded 4000. After delays from the extended lockdowns in Sydney, Melbourne and Canberra, the spring selling season is going full steam ahead with 4354 capital city homes set to go under the hammer this week. According to this week’s CoreLogic Property Pulse,…
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How big is the gap? How rising house values compare to wage growth
House values have risen at more than double the rate of wage increases over the past two decades, according to recent analysis by CoreLogic.
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Why Australia’s largest property data provider just purchased RiTA by AiRE
Real estate digital assistant RiTA and the AiRE software company that powers her have been acquired by CoreLogic.
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House prices grow at third fastest rate in Australia’s history
PropTrack analysis of house price growth in Australia from 1880 to now has found that house prices are growing at the third fastest rate in Australia’s history on the back of strong property market conditions.
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Why airspace could be the big real estate trend of the decade
Where would Australia’s major capitals house an influx of new residents? According to strata property development specialist Warren Livesey, the answer could be airspace.
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Homely and Ray White celebrate Australia’s leading ladies of real estate
Homely is proud to announce its sponsorship of the ‘Leading Ladies of Real Estate' event in Queensland, hosted by Ray White.
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ANZ forecasts house price fall in 2023
House prices look likely to peak in December at their strongest growth rate since the 1980s, before dramatically slowing down in 2022 and falling in 2023, a new forecast shows. The ANZ Australia’s Housing Rolling Over report shows price growth is set to peak at just above 21 per cent in December 2021 before starting to wind back. “This would…
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Mark McLeod named Ray White Group’s new Chief Strategy Officer
Ray White’s long-time Chief Executive of Growth, Mark McLeod has been named the Group’s new Chief Strategy Officer for Real Estate.
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PropTrack data shows just how hot the market is right now
REA's PropTrack has released its market outlook for November, noting listing volumes increased across the country throughout October while property prices also continued to rise.
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How competitions could land your business in hot water
Competitions are a sure-fire winner when it comes to attracting customers, building brand awareness, and increasing traffic - especially during the holiday season.
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Fifth busiest auction week on record
The combined capital cities have enjoyed their busiest auction week since late March and the fifth busiest since CoreLogic records commenced in 2008, with 3725 properties going under the hammer.
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Home building boom to continue in 2022
Australia’s home building boom is set to continue throughout 2022 despite the cost of labour and materials rising and pushing the cost of a new home higher.
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Agent numbers surge for Area Specialist
Real estate agency platform, Area Specialist, has had a record couple of months, with 21 agents signing up to join the unique system.
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Increasing property prices see stamp duty skyrocket
Property prices have soared throughout the pandemic, as more Australians seek to achieve work/life balance, relocating to lifestyle locations in droves.
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Childcare centres the latest hot property for investors
Demand for childcare centres is swiftly increasing with investors attracted to high leasing rates, long-term tenancy options and reassurance that the industry is an essential service. Colliers Associate Director, Melbourne Metro Sales, Ben Baines said childcare assets were one of the most highly sought in 2021. “Nationally this year, in excess of $200 million worth of childcare assets have transacted,…
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Market Buy appoints John Hellaby as new CEO
The online offer pioneer, Market Buy, has announced the appointment of John Hellaby as its new Chief Executive Officer.
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Cash or crypto: vendors accepting Bitcoin ‘a natural progression’
A unique sprawling property, including a beach-house, studio and its very own island, has been listed for sale, with buyers offered the choice of cash or cryptocurrency when it comes to making payment.
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Rexfest Live shares the secret to leveraging digital marketing
Internet users are spending almost two and a half hours on social media every day, according to information revealed at Rexlabs’ second Rexfest Live event, providing a huge, and largely untapped, opportunity for real estate professionals.
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APRA tells standing committee its role is not to target house prices
The Australian Prudential Regulatory Authority (APRA) has appeared before the Standing Committee on Tax and Revenue, outlining its role in the financial regulatory system.
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Final countdown before AREAs submissions close
REA Group customers have until midnight Wednesday 17 November to finalise submissions for the Annual REA Excellence Awards (AREAs).
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Rising interest rates won’t burst the property market
Interest rates don’t create property booms or busts, according to new research by the Property Investment Professionals of Australia.
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Auction volumes up 79.4 per cent since early October
High auction volumes continued this week, rising 8.2 per cent on the week prior to see 3562 properties go under the hammer. CoreLogic tips this weekly increase in volumes is likely to continue now lockdown restrictions have eased in Sydney, Melbourne and Canberra, with auction volumes increasing by 79.4 per cent since the first week of October. “With each week…
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Changes to money laundering laws must consider home buyers, tenants and small business, says REIA
The Real Estate Institute of Australia (REIA) has urged the Inquiry into Australia's anti-money laundering and counter-terrorism financing regime to consider genuine home buyers, tenants and real estate agencies when making its recommendations.
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HomeBuilder legacy lives on in record number of houses being built
The legacy of the HomeBuilder initiative lives on, with a record number of houses commencing construction in the recent June quarter.
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New listings across the capitals reach highest number on record
New listings across Australia’s capital cities reached a record high in October, with sellers flocking to the market due to eased restrictions.
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Australians put property buying plans on hold
Australians are putting their property buying plans on hold as the year comes to a close, according to newly released data.
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