National
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‘Pain before gain’ – Investors will return with the international students
“Investors who already own property and are suffering may want to hang in there for another six or 12 months."
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The Block holding virtual open for inspections
As this season of The Block steers towards completion, one obvious question remains.
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Eagle Software brings QR Codes to contactless inspections
Eagle Software have harnessed the power of QR Codes to assist agents in performing contactless inspections.
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How are renter-landlord relations faring in the pandemic?
Researchers from RMIT University and the University of Adelaide have teamed up for a study that reveals the pandemic has created significant tension in the landlord-tenant relationship.
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Optimism returns to the property market: report
Positive sentiment has returned to the property market, according to ME’s latest Quarterly Property Sentiment Report.
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PICA secures landmark green solar deal for its strata buildings
PICA Group has announced a new green solar energy deal, which will see 64 of its strata buildings save an estimated $681,000 annually, while reducing carbon emissions.
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HTW: Was the pandemic a ‘booster shot’ for industrial real estate?
It made sense at the beginning of the pandemic to expect a decline in all commercial property markets.
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Ray White reports biggest sales month in 118-year history
The Ray White Group has reported the strongest month of sales in the group's 118-year history.
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Flexible leases and satellite spaces: the future of office real estate
The findings note the expectation is that physical office spaces will play a key role as a hub, rather than simply a place to work. As a result, real estate will shift to offer flexible leases, and co-working spaces.
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Exclusive: REA Group freezes prices, introduces data-based AREAs
REA Group CEO Owen Wilson and Chief Sales Officer Kul Singh spoke exclusively to Elite Agent this week about navigating the highs and lows of 2020, and their next steps in supporting the industry after what has been a challenging year. Reflecting on 2020, Owen Wilson says when the pandemic hit, REA Group understood they needed to move quickly. Once…
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Domain and REA Group shares soar
Fuelled by hope of a new dawn as a fresh president is elected in the US, the Australian stock market jumped to an eight-month high on Monday.
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Auckland is the global leader in luxury property price growth
Sydney, Perth and the Gold Coast have aslo ranked upon the top cities in the world for luxury residential price growth.
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New Climate Change Bill will impact building industry
A bill introduced in the Australian Parliament today which aims to reduce emissions to net zero by 2050 has been welcomed by the building industry.
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Mortgages cheaper than rents in over half of Australian suburbs
A new report from Aussie and CoreLogic shows that it is cheaper to pay down a mortgage than to pay rent on a comparable property in over half of Australia's suburbs.
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Australians are building the biggest houses in the world
Australia is again building the biggest houses in the world, pushing ahead of the United States, according to the latest CommSec Home Size Report. The average new house built in Australia in 2019/20 was 235.8 square metres, up 2.9 per cent on the year and the biggest increase in 11 years. Conversely, American houses are shrinking, with sizes falling for…
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How to avoid property scams as the market returns to life
With auction levels beginning to strengthen and state borders beginning to re-open, now is the time to make the most of clients looking to buy and sell. Technology can make it easier to facilitate a property deal, however your client may have concerns when it comes to security. The good news is, as with most things, some technologies are better…
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Clearance rate holds firm as volume continues to increase
The preliminary clearance rate continues to hold firm, reaching 73.2 per cent on the back of higher volume this week, with CoreLogic noting there appears to be momentum building in the property market. Their data indicates 1758 homes were taken to auction across the combined capital cities this week, which is slightly higher than the previous week when 1747 auctions…
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Canberra leads the slow return to CBDs
The latest survey of CBD office occupancy by the Property Council of Australia shows that workers are slowly returning to city offices, although uptake is slower than ideal.
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Mining and remote work drive the COVID-19 regional shift
An in-depth report from realestate.com.au paints a compelling picture of a mass exodus from cities.
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Banks start accepting further First Home Loan Deposit Scheme applications
The Housing Industry Association (HIA) welcomes the news that banks will start accepting loan applications for the New Home Guarantee under the First Home Loan Deposit Scheme. "The emphasis on new builds and an increase on the price caps for new homes means that it has never been a better…
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Home loans dive under 2 per cent, with all eyes on the big four
Sally Tindall, research director at RateCity.com.au, said all eyes were now on the big four banks, which hold around three quarters of home loans in Australia."A rate cut has the potential to put $33 per month back in the hands of the average mortgage holder, that's almost $400 per year,"…
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Cash rate cut will improve housing affordability – if banks get on board
The RBA's decision to cut the official interest rate to a historical low of 0.10 per cent will improve housing affordability.
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Cash rate cut to new historic low
The Reserve Bank of Australia have cut the cash rate by 15 basis points to a new historic low of 0.10%.
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HomeBuilder is working for now, but a second cliff is up ahead
A 15.4 per cent leap in the number of dwelling approvals and a 25.3 per cent rise in the value of housing construction loans during September shows the effectiveness of the HomeBuilder program.
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Dwelling approvals and construction loan commitments surge
The number of dwellings approved rose 15.4 per cent, according to ABS data released today.
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Australian housing values are rising, after five months of declines
Following what CoreLogic refer to as "five months of consistent declines in residential property values", the national home value index is now showing positive month-on-month growth through October, posting a 0.4% rise in housing values.
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Clearance rate at highest point since pre-pandemic
The preliminary clearance rate has hit its highest peak since the start of the coronavirus pandemic, coming in at 77 per cent on the back of volume that has exceeded both last week and last year. This week, CoreLogic notes 1757 homes were taken to auction across the combined capital…
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RBA to make second rate cut, say experts
This Tuesday is Melbourne Cup day, but the real punters will be watching the Reserve Bank of Australia that afternoon, as experts tip that the RBA board will announce a second rate cut for 2020, at the final meeting of the year. In the Finder RBA Cash Rate Survey, 29 of the 43 experts and economists predicted a rate cut announcement…
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Property developers and investors make AFR Rich List
Three moguls who have made their fortune in the property game appear in the top ten of the annual AFR Rich List, which was published in full today.
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Homely appoints David Webb as Head of Industry
Homely.com.au has announced that David Webb is joining its Executive Team as the Head of Industry. As Homely’s first Head of Industry, David will help execute on the strategic vision of the business by acting as an intermediary to ensure the needs of the real estate industry and the needs…
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Sydney house prices rise as units fall, marking largest price gap on record
Sydney housing prices took a massive tumble in the June quarter, losing close to $22,000 off the median price.
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Hobart house prices to leapfrog Adelaide, as Darwin moves past Perth
Domain's latest House Price Report has revealed the Australian housing industry has largely bounced back, with all capital cities aside from Melbourne recording house price growth over the September quarter.
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Green Building Council takes steps to eliminate natural gas in new buildings
Green Building Council of Australia have completely overhauled its Green Star rating system in a push to eliminate natural gas in buildings.
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National rent prices fell annually for the first time
The September 2020 quarter CPI figures show the impact that the pandemic has had on national rental prices.
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