National
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Rise in listings and auction volumes as Spring comes to an end
Domain’s latest weekly property report has revealed a rise in listing and auction volumes as spring draws to a close.
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Properties selling at warp speed
Australian properties are selling at their fastest rate in five years with weekly sales volumes also reaching their highest level this year, fresh data reveals. The REA Group’s latest PropTrack Housing Market Indicators Report showed that in October buyers snapped properties up quickly, with the median amount of time a property was listed on realestate.com.au before selling dropping to just…
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Are we in a housing bubble? Nerida Conisbee offers her thoughts
Ray White Chief Economist Nerida Conisbee offers her perspective on whether or not the current high prices represent a housing bubble
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The 20 housing markets to watch around Australia
Queensland suburbs have taken out the top three spots in the Well Home Loans Green Shoots Report, which identifies the top 20 Australian suburbs likely to experience strong growth in 2022.
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Tony Blamey joins :Different to drive growth
Australian property management company, :Different, has appointed Tony Blamey as the company’s first Chief Revenue Officer.
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Clearance rates begin to fall as auction volumes remain high
Auction volumes remain high with 3276 homes taken to auction across the combined capitals this week, resulting in a preliminary clearance rate of 76.1 per cent. CoreLogic has reported that continued high volume has led to a steady decline in the clearance rate over recent weeks, with the success rate trending lower since its peak of 83.2 per cent on…
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REA Group reports Q1 results, revealing strong growth
REA Group delivered strong growth across its Australian segments during the three months to September 30, with revenue excluding acquisitions increasing by 22 per cent year-on-year to $264 million.
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Industry offers recommendations to address housing supply
Both the Real Estate Institute of Australia and the Property Council have offered their take on how to address Australia’s housing supply shortage.
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More choice expected for home buyers
Following a lengthy period of demand far exceeding supply, home buyers can expect more choice over the coming months, with rising auction volumes and thousands of new listings across most of the country, as COVID-19 restrictions ease.
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Leading rent roll broker joins businessDEPOT Agency Broking
We’re excited to announce we will be partnering with Dean Yeo to help strengthen our offering for real estate businesses [including those buying or selling their business in Queensland or Northern NSW].
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Snug and Zango integrate to make renting easier and faster
"In the highly competitive Canberra rental market speed counts. As a modern, vibrant property portal with an unwavering focus on user experience and customer service, Zango is delighted to partner with Snug to expand upon our platform's digital agility to reliably and conveniently connect people with places" said Zango CEO, Darryn McRae.
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Regional property markets predicted to outperform capital cities in 2022
Regional property markets will be the ones to watch in 2022, according to Canstar’s inaugural Rising Stars Report, which identifies the top suburbs for future price growth.
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RBA keeps cash rate on hold but rise likely in 2023
Despite a rise in inflation, the Reserve Bank of Australia has again opted to keep the official cash rate on hold at 0.1 per cent, issuing an optimistic forecast for the economy over the coming months.
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Harcourts Australia appoints Adrian Knowles as chief executive officer
Leading real estate brand Harcourts Group Australia has today announced the internal appointment of a new national CEO in Adrian Knowles.
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Housing affordability declines as investors flock to COVID-free states
New loan commitments for housing have fallen, particularly in COVID-ravaged states, as housing affordability continues to decline.
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Domain appoints new chief product officer Nathan Brumby
Today Domain, a leading property marketplace, has announced the appointment of Nathan Brumby to Domain’s Executive Leadership Team in the role of Chief Product Officer.
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New guide helps real estate agents master digital marketing
Australians spend 1.46 hours on average a day on social media and 20.5 million of us use Facebook in this country, yet most agents have not fully embraced the power of social media as an advertising tool.
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Homely launches new brand positioning in national marketing campaign
Australia’s fast-growing property portal, Homely.com.au, has launched its new brand positioning ‘More than real estate’ with a multi-channel campaign via a number of key media partners.
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Investments and carbon reduction all part of REA Group’s sustainable year
Despite unpredictable economic and social conditions created by the global pandemic, REA Group has remained committed to its Environment, Social and Governance (ESG) obligations, adopting new technology and innovation to continue positive forward progression.
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Simon Watts comes out tops in Openn’s agent performance report
Northern Territory agent, Simon Watts of Real Estate Central has taken out the top spots for Highest Total Value of Property Sold and Highest Number of Listings, in Openn’s first quarterly agent performance report of the new financial year.
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Clearance rate slips below 80 per cent as auction volumes surge
This week again proved busy for auctions, with CoreLogic tracking 3524 auctions across the major capitals.
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‘Lifestyle industrial’ the latest trend in Australian real estate market
The days of industrial precincts being an ‘avoid at all costs’ area for residential property are over with “lifestyle industrial” flagged as the standout new trend in Australia’s real estate market.
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Domain appoints new Chief Marketing Officer Rebecca Darley
Today Domain, a leading property marketplace, has announced the appointment of Rebecca Darley to the role of Chief Marketing Officer, effective 7 February 2022.
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Regional renters struggle as listings plummet
Regional renters are facing an uphill battle to put a roof over their heads with the number of listed properties on realestate.com.au 40 per cent below their pre-pandemic levels.
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Residential land in high demand across Australia
Vacant land is one of the hottest commodities in residential real estate at the moment with some blocks increasing in value 45 per cent in just five months.
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CPI edges towards RBA target
Newly released figures show the All Group Consumer Price Index for September increased at a similar rate to the previous quarter, while the changes in the analytical series were the highest they’ve been in six years.
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Property prices hit records across the country but the market is cooling
Australia’s median house price is fast approaching $1 million with the fastest rate of annual growth on record hitting 21.9 per cent, according to the latest data.
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Rent.com.au financial report reveals further growth
Rent.com.au has released its 2020/2021 financial report, revealing another year of growth, despite posting a net operating loss after tax of $1.295 million.
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Rental prices surge amid stock shortages and high demand
Australian rental prices have surged over the past 12 months, recording the fastest annual rise since 2008, new data has revealed.
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Five key pillars to identify growth suburbs
With property market around the country growing at a rapid rate, one property expert has urged buyers to look beyond the headlines and focus on ‘micro factors’ that impact property growth.
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Market Buy appoints Joel Dixon as chief technology officer
Online offer management pioneer, Market Buy, has announced the appointment of Joel Dixon in the newly created role of Chief Technology Officer.
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CBD office markets emerge from lockdown strongly
CBD office markets have seen the most tenants taking up office space in nearly three years.
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Sydneysiders take the longest to save a house deposit
Sydney continues to be Australia’s least affordable property market, with new data suggesting it takes up to 18 years to save a deposit in many blue-chip locations.
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Outlook for commercial property remains positive despite lockdowns
The outlook for commercial property looks strong as tenants return to offices around the country and ecommerce drives record sales.
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Strong selling conditions as new listings surge across Australia
Buyer demand for property continues to outstrip supply across the country, however, listings are starting to increase according to new data.
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