National
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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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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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