National
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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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CoreLogic partners with innovation program RealTechX
CoreLogic has today announced its backing of emerging technology businesses in real estate through Taronga Ventures' RealTechX program. CoreLogic Executive and Head of Product, Tim Jenner, says the partnership hits a sweet spot for the business at just the right time. Mr Jenner said "The world's moving fast from a…
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The Reserve Bank believes the recession could be over
Reserve Bank deputy governor Guy Debelle told a Senate estimates hearing on Tuesday that the RBA believes the country has pulled itself out of the recession.
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Energy-saving AI tech trialled in CBD offices and malls
AMP Capital has started to roll out new energy saving AI technology in a number of its Australian office buildings and retail centres.
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Over a quarter of Aussies say now is the time to buy property
New research commissioned by ING has found Australians have no real qualms about investing during this recession, with 44 per cent of those surveyed feeling property is the strongest investment option, and 26 per cent feeling now is the best time to make such an investment.
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Survey highlights rental uncertainty during COVID-19
A new survey from Flatmates.com.au with more than 12,000 respondents highlights the uncertainty felt by renters during the pandemic.
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Over 96% of First Home Loan Deposit places have already been filled
The First Home Loan Deposit scheme allows buyers to purchase a property with just a five per cent deposit and without buying mortgage insurance, but the party is coming to an end.
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Auction markets continue to strengthen
As Victoria returns to in-person auctions, the market is gaining moment, with a surge in Melbourne listings contributing to 1456 capital city homes taken to auction this week. The figure is the highest volume of auctions seen since early April, while the clearance rate also proved strong, with preliminary data…
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Mirvac sees 40 per cent rise in residential land sales
Over the September quarter, developer Mirvac saw a 40 per cent lift in housing lot sales, selling over 660 lots across the country, with the majority located in newly-developed housing estates.
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Most Aussies are made responsible for their own workplace COVID cleaning
New research has found that 59 per cent of Australians have had their bosses task them with cleaning their workplaces amid the COVID-19 pandemic.
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Why more housing stimulus will be needed to sustain recovery
In response to the COVID-19 recession, federal, state and territory governments quickly provided support to the housing industry for two reasons. First, to safeguard jobs and, second, because investment in the housing and construction industries has a high economic multiplier effect. However, new research released today shows further housing stimulus measures will be essential to help drive an economic recovery into 2021…
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PCA: Proposed fees make Australia “less attractive destination for investment”
Proposed foreign investment rules that introduce a steep new fee for investing in Australian real estate have been slammed by the Property Council of Australia's Chief Executive Ken Morrison.
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Remain vigilant: REIA’s message to the industry
REIA President calls on the real estate industry to remain vigilant as state borders reopen.
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Reserve Bank notes increased housing activity, despite weak investment levels
On October 6, the same day as the Federal Budget was announced, the Reserve Bank Board met and decided not to change the cash rate.
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REA Group celebrates ‘excellent results’ in annual report
REA Group have delivered an annual shareholders report that celebrates a number of wins in what Chairman Hamish McLennan calls "unprecedented market conditions."
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Auction clearance rates strengthen as Melbourne activity ramps up
Auction clearance rates strengthen as Melbourne activity ramps up The combined capital city preliminary auction clearance rate hit 72.4 per cent this week as volumes rose across the capitals. CoreLogic reports 1134 homes taken to auction this weekend, up from the 1084 auctions held last week. Of the 878 results…
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Property investment falls to a record low
As with a lot of things, the levels of property investment in the Australian housing market crashed during COVID.
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REA Group commits to carbon neutrality
REA Group has announced its commitment to become carbon neutral.
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Domain Rental Report shows rental markets in flux
Domain's September Rental Report has shown there is little consistency across the states and territories, with prices hitting all-time highs in some capitals, while rent declines severely in others.
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Cash rate won’t rise for three years: RBA
"We do not expect to be increasing the cash rate for at least three years."
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Repayments have begun on almost half of deferred loans
Australian Banking Association has announced that repayments have resumed on 45 per cent of deferred loans for mortgages and small businesses.
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Confidence in the housing market has boomed: Westpac
"This is an extraordinary result," said Westpac chief economist Bill Evans of the overall consumer sentiment.
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The full impact of HomeBuilder is now evident: HIA
The full impact of HomeBuilder is now evident with sales now 11.8 per cent higher compared to last year. HIA
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Commercial real estate sales down 58 per cent in 2020
Commercial real estate sales plummeted during the first nine months of 2020.
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REA Group wants you for their online property panel
REA Group has launched its new realestate.com.au Property Panel, and are seeking sales agents, principals and property managers to be part of the inaugural panel.
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Landmark judgement in favour of pets in apartments
The NSW Court of Appeals has delivered a landmark decision, rejecting an attempt by an owners corporation to ban animals in Sydney’s Horizon building. The unanimous decision by three Court of Appeal judges found The Horizon’s blanket rule banning pets is a breach of legislation. “This decision effectively changes the way owner’s corporations can govern their strata schemes,” Sharon Levy…
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Minister for Housing assures REIA of ‘resilient’ property market at roundtable
Minister for Housing, Michael Sukkar, joined the members of the Real Estate Institute of Australia for a virtual Budget 2020 Real Estate Roundtable, during which he detailed the positive impact the Budget will hopefully have on the property sector.
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Is housing supply driven solely by demand? New research sheds light
New Australian Housing and Urban Research Institute (AHURI) research reveals what many of us assumed, that housing supply across Australia is uneven. The uneven distribution of housing supply 2006-2016 was authored by academics at The University of Sydney, Curtin University, and The University of Adelaide, and delves into both the…
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Clearance rate climbs to 71.5 per cent
The combined capital city preliminary auction clearance rate increased to 71.5 per cent across a higher volume of auctions this week. CoreLogic reports there were 1090 homes taken to auction over the week, up from 648 over the previous week although significantly lower than this time last year (2,022). “Of the 822 results collected so far, 71.5 per cent were…
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First home buyer loans hit 11-year high
"The short-term stimulus from HomeBuilder is emerging in the housing finance data released by the ABS today."
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Overseas job outsourcing surges as JobKeeper reduces
An Australian employment specialist says businesses struggling to remain profitable through COVID and this week's JobKeeper cuts, are increasingly looking offshore to reduce staff costs.
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LJ Hooker opens nine new offices, with four more on the way
With COVID-19 putting the brakes on the Australian economy for much of the year, LJ Hooker has forged ahead to prepare for the inevitable recovery by opening nine new offices around the country, with another four applications pending in regional areas.
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LJ Hooker honours top performers at International Awards
LJ Hooker has recognised its top performers across Australia and New Zealand at its annual International Awards Night, held virtually this year. LJ Hooker Network Chief Graeme Hyde said the awards night is the most important event of the year, especially during these unprecedented times. “With the year 2020 has…
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Strong industry support for Federal Opposition’s property plan
Both the Master Builders Australia and the Property Council of Australia have welcomed the Federal Opposition's plan to rebuild the economy, as outlined in Anthony Albanese's Budget Reply Speech. "A strong pipeline of building and construction work is vital to building our way of out recession and we acknowledge the…
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