National
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Detached house building approvals hit a 20-year high
"October 2020 was the best month for new detached house building approvals in almost 21 years,"Master Builders Australia Chief Economist Shane Garrett said. During October 2020, a total of 10,936 new detached houses received building approval. The last time a higher figure was recorded was back in February 2000. "The…
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1.1 million Aussies plan to sell their houses in the next six months
DFA’s survey data concluded that over 1.1 million Australians intend to sell their property in the next six months. In terms of the demographics, 298,093 international owners (foreign citizens and Australians living overseas), 309,032 investors, 115,893 up traders, 350,093 down traders and 28,003 first home buyers intend to sell in…
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50 lenders now offer mortgages under 2 per cent
There are 50 lenders now offering a total of 126 home loan under 2 per cent. That's 40 per cent of the 124 lenders on the RateCity.com.au database with at least one home loan rate starting with a '1'. On the average $400,000 home loan, a rate under 2 per…
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89 per cent of property experts want land tax not stamp duty
Finder's RBA cash rate survey: 89% of experts support axing stamp duty nationally News highlights: Majority of respondents in favour of national land tax rollout Brisbane ranked as best capital city to buy property All experts surveyed (40/40) predict a cash rate hold for December 30 November 2020, Sydney, Australia -…
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HomeBuilder extension announced
The Federal Government has announced an extension of the HomeBuilder grant in a move that’s been widely welcomed by the property sector On Sunday, Prime Minister Scott Morrison announced the extension of the scheme at a reduced rate until March 31. The HomeBuilder scheme was initially devised as a COVID-19…
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Melbourne overtakes Sydney as busiest auction market
The preliminary clearance rate has held firm, keeping pace with a rise in auction volumes this weekend as Melbourne overtook Sydney to become the busiest capital. This week CoreLogic reports 2155 homes were scheduled for auction across the combined capital cities, up from 1803 the week prior. Of the 1763…
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Which are the most affordable and liveable suburbs?
Research from PRD Real Estate has revealed the most affordable and liveable suburbs in Sydney, Melbourne, Brisbane, and Hobart, as we swing into the new year. PRD calculated the difference between the average home loan in a state, and the median unit and house prices in the suburbs to measure affordability. Liveability took into account crime statistics, amenities, employment rates,…
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‘Building Stronger Homes’ to make Aussie buildings more fire resilient
The Master Builders Australia and the Insurance Council of Australia brought together a number of peak construction industry bodies, insurance professionals, financial, scientific and economic experts for today's Building Stronger Homes Roundtable. According to the Australian Institute of Architects, this was "an important initial conversation among industry leaders following the…
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:Different appoints first Head of Leasing and launches rent roll management service
Australian property management company, :Different has appointed seasoned real estate expert Kasey McDonald to the newly-created role of Head of Leasing.
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Stamp duty is a terrible tax – its evils are well understood: Property Council
This week, State Treasurer Tim Pallas announced the Victorian Government would be slashing stamp duty. It's not the wholesale removal of the tax that New South Wales — for home sales under $1 million only — at a rate of 50 per cent for new build homes and 25 per…
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Market update: Which regional areas are on the rise?
The CoreLogic Regional Market Update, which looks at capital growth over the 12 months to October in Australia's 25 largest non-capital city markets, saw Tasmania's Launceston & North East region remain the top performer for houses for the third consecutive quarter (10.5 per cent). However, the thriving Tassie region lost…
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Auction volume surges to early April levels, clearance rate keeps pace
The preliminary auction clearance rate has reduced a little this week, coming in at 73.6 per cent, after 1791 homes were scheduled for auction across the capitals. The volume is a slight increase on the week prior when 1728 properties were taken to auction, and marks the highest number of auctions since the week ending April 5. CoreLogic notes of…
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Domain to close the door on private landlords
Domain is making some major changes to its self-service ads offering.
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Virtual property inspections here to stay as on-line traffic continues to surge
The coronavirus may have permanently changed the way people buy and sell properties as buyers continue to embrace the convenience of virtual property inspections.
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REIA opposes new foreign investment fees for residential property
REIA has fronted a Senate Economics Committee to give evidence on the Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2020.
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3.8 million Aussies plan to buy property in 2021: Finder
Record-low interest rates, government stimulus, the rise of remote work, and a readjustment of priorities has led to a sharp increase in house hunting, according to new research by Finder.
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Payments have resumed for most deferred home loans
“This is an encouraging sign that most Australians are through the worst”, said Australian Banking Association CEO, Anna Bligh.
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Stamp duty could soon be scrapped in NSW
The NSW Government has today announced they are "considering a once in a generation change" in stamp duty laws.
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A demand for detached housing will ‘pull the economy forward’: HIA
A renewed interest in detached housing will put our economy into recovery mode, according to HIA's Chief Economist Tim Reardon.
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The housing sector is turning a corner: ANZ
After considering their initial view of a 10 per cent housing drop "too pessimistic", ANZ economists now feel that the housing market bottomed out last month, and will rise throughout 2021.
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Top student housing company offers 20,000 quarantine spots to rebuild industry
A recent report on the $32 billion international student industry paints a dire picture.
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Vic Government announces biggest public housing project in Australian history
The Victorian Government has announced a historic $5.3 billion social housing project that will see over 12,000 public houses built and create 43,000 jobs.
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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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