INDUSTRY NEWS
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Clearer picture as CoreLogic announces partnership with Nearmap
CoreLogic Asia Pacific has announced a partnership with leading geospatial information services provider Nearmap to enhance its products with high-quality aerial imagery and superior location insights across Australia and New Zealand.
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REIV labels stamp duty and land tax hikes the final straw
The Real Estate Institute of Victoria has slammed a series of property tax initiatives which have been unveiled in advance of the State Budget this Thursday.
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Australia’s residential construction costs rose less than one per cent in March quarter
Construction costs increased by less than 1 per cent in the first three months of 2021, according to CoreLogic’s first Cordell Housing Index Price (CHIP) for the year.
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Social and affordable housing the focus in Budget reply speech
Labor would spend $10 billion on social and affordable housing over five years if elected to government at the next federal poll, Anthony Albanese told Parliament on Thursday night.
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New Zealand house construction costs rise at fastest rate in two years
Housing construction costs in New Zealand surged by 1.3 per cent over the first quarter of 2021, according to the latest CoreLogic's Cordell Housing Index Price (CHIP).
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Australia’s hot housing market showing slight signs of cooling
Australia’s housing market may be showing signs of slowing down, with an increase in supply and a slight downturn in search activity, according to the latest REA Insights report.
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Jellis Craig bolsters network with acquisition of 10 Greg Hocking offices
Victorian real estate network Jellis Craig has bolstered its network, announcing the addition of a further 10 offices to its roster following the acquisition of Greg Hocking real estate group.
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PropTech platforms integrate to ensure agent success and mitigation of risk
Proptech platform Realtair has announced an integration with Before You Bid to assist agents in the early stages of the sales process.
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Key industry groups respond to big-spending Federal Budget
As the dust settles on the 2021-22 Federal Budget, some of Australia's key industry groups have weighed in with their responses.
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A Budget right for its time
There’s plenty for the property industry to like in the 2021 Federal Budget, not because of any specific measure but in the myriad provisions to keep cash and confidence flowing in our pandemic-constrained economy.
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Federal Budget 2021-22 – Relevant points for real estate
The government has revealed a far more optimistic picture of Australia’s future in a Federal Budget that tackled everything from infrastructure to home ownership, and aged care.
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Openn Negotiation announces plans to list on ASX
Australian property technology company, Openn Negotiation has lodged a prospectus with the Australian Securities and Investment Commission, seeking to raise a maximum of $9 million via an initial public offering, followed by a listing on the ASX.
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Property Council welcomes infrastructure commitment in Federal Budget
The Property Council of Australia has welcomed the Federal Government's strengthened infrastructure commitment and details of major new infrastructure projects to be funded in tomorrow's Federal Budget.
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The Agency breaks six suburb records on Central Coast in two months
NSW’s Central Coast property market has been booming since COVID history last year and The Agency’s local team have been making hay while the sun shines, breaking a series of suburb sales records in 2021.
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Property positivity hits one-year low despite rising house values
House values are continuing to climb throughout the country but fewer than half of Australians believe now is a good time to buy property.
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Family Home Guarantee revealed as focus shifts to Federal Budget
Treasurer Josh Frydenberg has announced additional measures to support Australians seeking to secure their own home.
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A budget wish list for the real estate sector
As the countdown to the release of the Federal Budget begins, LJ Hooker Head of Research, Mathew Tiller, has put forward his wish list for the real estate industry. Mr Tiller said he hoped to see regional investment, an extension to HomeBuilder, and the opening of international borders among the measures announced on budget night in a bid to support…
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Second busiest auction week of the year
This week proved the second busiest auction week of the year, with 3033 properties taken to auction across the combined capital cities.
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REA Group announces results for nine months to March 31
REA Group has announced its results for the nine ending March 2021, with revenue of $655.9 million and EBITDA of $415.1 million.
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Australia’s residential real estate value has now surpassed $8 trillion
CoreLogic has announced its estimate of the total value of residential real estate in Australia has now reached $8.1 trillion.
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Canberra auction clearance rates reached record high in April
Domain has released its Auction Report for April, showing clearance rates in Sydney and Melbourne have declined slightly after the multi-year highs of the previous month.
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Rent.com.au launches RentPay platform in Apple and Google Play stores
Rent.com.au has released its long-awaited RentPay platform to the public, with the application now available in both Apple and Google Play stores.
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Sorted and REIP team up for listing and applications platform
Proptech innovator Sorted has joined forces with leading Australian industry body Real Estate Industry Partners (REIP), to launch a free listing site and applications platform.
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Perth prestige property prices power ahead
Knight Frank has released its Prime Global Cities Index for the first quarter of 2021, which shows prime residential property prices are rising across the globe - and Australia is no exception.
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PropTech powerhouses join forces for seamless sales experience
The international marketing and print solutions reputation of both Diakrit and Printforce, paired with the world-class end-to-end sales solutions of Realtair, means a unique experience that agents can offer their vendors during the sales process.
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RBA leaves official cash rate at historic low at April meeting
The Reserve Bank has once again opted to leave interest rates at the historic low of 10 basis points at its monthly meeting on Tuesday.
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Netherlands researchers planning to print their way out of a housing crisis
Netherlands researchers have come up with a concrete solution to address the shortage of housing in the nation - by printing new dwellings.
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Little movement on HTW residential property clock in April
Herron Todd White have released their April property clock, and there has been little movement in the residential sector.
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Australian housing values continued to grow in April
Housing values rose by 1.8 per cent in Australia in April, with monthly capital gains easing from a 32-year high in March, according to CoreLogic’s national home value index.
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Preliminary results show over 80 per cent of auctions successful
The preliminary clearance rate has again exceeded 80 per cent this week on the back of higher volumes.
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The Agency and Hawthorn Football Club join forces
The Agency is continuing to kick goals, with AFL team Hawthorn entering a commercial partnership with the company.
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Family vision: RE/MAX New Zealand welcomes first brother and sister owners
RE/MAX New Zealand has welcomed its first brother-sister ownership team, with Rozele and Ryan Singh taking the reins of the network's office at Westgate, in northwest Auckland.
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The Agency reports solid growth and GCI for March quarter
The Agency has released its operational and financial results for the March quarter, reporting solid growth in the first three months of 2021.
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Half of Australian homes will be cheaper to buy than rent over the next decade
A new report by REA Group has revealed more than half of homes will be cheaper to buy than rent over the next decade, based on current prices.
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House prices record steepest quarterly rise in 18 years
Australian house prices recorded their strongest quarterly increase in almost two decades in the three months to March, according to the latest Domain House Price Report.
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