National
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First home buyers forced to adapt amid rising costs
First home buyers are increasingly purchasing properties alone or using government-backed schemes to enter the property market, as rising costs make it harder to buy.
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Home building approvals hit a 14-month high
New home building approvals in Australia have reached their highest level in 14 months, in a sign that confidence is starting to return.
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Greens take aim at dodgy landlords
The Australian Greens have unveiled a plan to establish a National Renters Protection Authority (NRPA) to enforce rental standards and penalise ‘dodgy’ landlords and real estate agencies.
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Rent.com.au sees rising revenues
Leading rental portal, Rent.com.au has seen rising revenues last financial year, as it looks to grow its RentPay offering.
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Elite Retreat auction raises over $30,000 for children’s charity
A successful charity auction at this year's Elite Retreat on Hayman Island has raised more than $30,000 for Steve’s Caroll’s Digital Live bike ride, supporting the children's charity Hands Across the Water.
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Home buyers prioritise lifestyle this Spring selling season
Home buyers are putting lifestyle first this Spring selling season, alongside traditional factors like location and size.
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The suburbs where homeowners hold onto property for 20 years
Certain Australian suburbs are seeing homeowners hold onto their properties for more than two decades which is double the national average.
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realestate.com.au launches AI room renovation tool
realestate.com.au has launched an AI-generated styling tool that allows users to digitally renovate property images.
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US buyers drive a surge in international interest for Australian property
International interest in Australian properties has seen a significant jump, with searches from overseas buyers and renters increasing in July.
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Property market delivers record profits for Australians
Australia’s property market continues to solidify its reputation as a reliable wealth-building avenue, with a significant surge in profit-making sales across the nation.
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Social housing and investor reforms urgently needed
The government needs to focus on building more social houses, eliminate policies like negative gearing and coordinate national rental reform to help address the housing crisis in Australia.
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Sydney records the highest prime rental growth in the world
Sydney has once again recorded the highest annual prime rental growth across 15 of the world’s leading cities.
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Home buyers make offers after just 20 minutes
Home buyers in the UK, are spending less than 20 minutes looking at a home before putting in an offer according to new research.
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Senate launches enquiry to examine first home buyer finance
The Senate has voted to begin an inquiry examining the impact of Australia's financial regulations on home ownership, with a focus on improving access for first-time buyers.
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Domain reports solid jump in revenue and profit
Domain has reported a “strong” set of financial results for the 2024 financial year, with revenue increasing 13.1 per cent to $391.1 million, while net profit increased 27.9 per cent to $49.4 million.
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Spring selling favours vendors in Adelaide and Perth
The upcoming spring selling season is expected to be particularly good in Adelaide and Perth as vendors cash in on high prices.
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Foreign investors drive commercial property sales to $11.5 billion
Foreign investors have made a significant return to Australia's commercial property market, driving sales to $11.5 billion in the first half of 2024.
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Harcourts bids big for mental health with Blue Friday auctions
Harcourts Australia is getting ready to paint the country blue, with its nationwide auction event to raise money for mental health and wellbeing charity Beyond Blue.
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Buyers’ optimism grows, but affordability challenges slow property searches
Prospective buyers feel positive about entering the property market, but once the house hunt starts, affordability challenges mean it takes longer to find a home than first desired.
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Buyers find more options as property supply rises
Properties will need to be priced right coming into the spring selling season, with the latest data from Domain showing momentum is swinging towards buyers.
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Nationwide workshops to shape future of property services qualifications
BuildSkills Australia (BuildSkills) will hold consultation workshops around the country as part of qualification reform in the property services industry.
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One-minute data: Rental vacancy rate stabilises as investors return
The national rental vacancy rate held steady at 1.42 per cent in July, with some cities seeing improved conditions.
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Construction costs spike again, driving property prices to new heights
Last year, it looked like the rapid rise in construction costs had come to an end.
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Kolmeo’s new platform to deliver smart, on-demand services for tenants and landlords
Property management software provider Kolmeo has launched an innovative new platform for its subscribers aimed at helping them meet their tenant and landlord needs and create an extraordinary customer experience.
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Buyers cautious with economy stuck between a ‘rock and a hard place’
The Australian property market is currently mixed with the economy trapped between a ‘rock and a hard place’ and buyers are becoming more cautious according to a new report.
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REA Group reports revenue and net profit surge
REA Group has reported strong financial results for the year ended June 30, 2024, with revenue up 23 per cent and net profit climbing 24 per cent year-on-year.
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Ex-partners forced to live together to save money
Almost one in five Australians have been forced to remain living with an ex to save money on housing costs.
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Population growth puts renters under extreme pressure
Surging population numbers are continuing to drive the rental crisis and politicians will need to answer for policies that continue to drive up house prices according to a new report.
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Geoff Lucas contract terminated with The Agency
The Group Chief Executive Officer and Managing Director of The Agency, Geoff Lucas, has had his contract with the company terminated.
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Monthly rental growth hits lowest rate in four years
The Australian rental market has experienced its slowest growth in four years, with new data showing a modest 0.1 per cent increase in national rents during July.
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