INDUSTRY NEWS
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Property managers urged to put their wellbeing first
Property managers need to prioritise their well-being amidst the tough conditions the industry is facing.
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Amazon to invest extra $1.4 billion in affordable housing
Amazon will invest an extra US$1.4 billion in its Housing Equity Fund, which is aimed at creating or preserving affordable housing in regions with major corporate offices.
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Our top picks from the AREC 2024 Expo Hall
The Expo Hall at AREC is always a hit with principals, agents, and property managers, and this year was no different. Attendees were spoilt for choice, whether seeking cutting-edge solutions to streamline property management or fresh strategies to boost sales leads and listings. Innovation was in full swing, networking was buzzing, and many exhibitor stands enticed visitors with treats like…
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Australian’s ‘thriving’ in life but stressed at work
Australians and New Zealanders have reported “thriving” in life despite many being stressed at work and actively looking for a new job.
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Seller confidence surges: new listings up 6.5 per cent in May
Seller confidence is returning to the real estate market, with new listings up 6.5 per cent in May.
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Microsoft removes listing data from Bing Real Estate
Bing Real Estate has come under fire for allegedly listing properties sourced directly from Zillow, Redfin and Realtor.com.
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Agents need to ‘stand for something’
Agents must “stand for something” if they want to separate themselves from the pack was the message coming out of Ray White’s Ready SET Go training in Brisbane
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National median house price up 7.6 per cent
The national median house price has risen 7.6 per cent in the past 12 months to $1.026 million, according to the latest data.
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REIQ: Why the State Budget is a ‘mixed bag’
This week’s Queensland Budget delivers a “mixed bag” for housing and small business, despite the largely positive increase to the stamp duty threshold for first-home buyers, according to the state’s peak real estate body.
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Landlord ordered to compensate drug-growing tenant
A New Zealand landlord has been ordered to compensate a tenant $10,000, despite the tenant's involvement in illegal cannabis cultivation on the property.
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The Agency introduces a new domestic violence support program
The Agency has announced a new Family and Domestic Violence policy that will include a one-off $5,000 payment to help support victims.
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Real estate leaders on King’s Birthday Honours List
A trio of businessmen and philanthropists connected to the real estate industry have received King’s birthday honours.
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Nerida Conisbee: The uncomfortable truth about achieving housing affordability
There have been a lot of people, events and policies blamed for Australia's low level of housing affordability.
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Lending indicators show buyer numbers are rising
Despite high interest rates, the number of active buyers in the market is on the rise, according to the latest lending indicators.
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WA and QLD the best locations for growth and yield
Western Australia and Queensland have a number of locations where investors can potentially see both capital growth and high yields according to new report.
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REIQ calls on QLD Government to do more in State Budget
Ahead of the State Budget, the Real Estate Institute of Queensland (REIQ) is calling for more action to address the housing crisis that only continues to get worse.
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Housing affordability improves for the first time since 2021
Housing affordability for home buyers has finally turned a corner, showing improvement for the first time in three years.
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NSW proposed no grounds eviction laws to hurt landlord rights
The deadline for submissions into proposed no grounds evictions laws in NSW is approaching, amidst concerns, that landlords' rights are going to be harmed.
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Signs the rental market is easing in Perth
There are growing signs that the rental market in Perth is easing with median rents holding steady for a second straight month.
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Committed to community: How Steve Turner is making a difference
“Don’t write a cheque, turn up.”
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The AREAs: More awards than ever before in 2024
Submissions for the 2024 REA Excellence Awards have opened, with more awards to win this year than ever before.
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Broken Hill could solve Australia’s housing woes
A buyers agent is calling for Australia’s inland cities to undergo an urban renewal in a bid to help ease the current housing crisis.
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One in 10 borrowers has missed a mortgage repayment
Higher interest rates and rising costs have led to more than one in ten borrowers missing a mortgage repayment according to a new survey.
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Happy campers keep caravan parks in hot demand
Demand for caravan parks remains high as the sector continues to build on the momentum from the lockdown era.
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How to proactively and peacefully manage legislative changes with your landlords
Property managers looking to create a smooth path to legislative compliance with their landlords need to be proactive when changes are introduced, according to an industry leader.
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Mala Maharaj appointed CEO of RE/MAX New Zealand and Fiji
Don Ha has stepped aside as head of RE/MAX in New Zealand, with Mala Maharaj named the new chief executive officer for the franchise in that country and Fiji.
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Government offers cheap loans to boost energy efficiency
The federal government has announced a new initiative through the Household Energy Upgrades Fund (HEUF) that will offer cheap loans to households to help save on power bills.
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REIV warns new rental standards may overburden landlords financially
The Real Estate Institute of Victoria (REIV) has urged the State Government to consider the introduction of proposed new minimum rental standards carefully, stressing that many landlords may not be able to afford them.
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REINSW appoints AI bot called Alice Ing as board advisor
The Real Estate Institute of NSW has appointed an Artificial Intelligence bot as an advisor to its board, the first move of its kind in Australia.
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Young West Aussie’s willing to sacrifice to buy a home
Young home buyers in Western Australia are prepared to make sacrifices on their dream home to overcome cost-of-living pressures and enter the property market.
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Millions of Australian homes at risk of natural disasters
Almost half of Australian homes are at risk of bushfire, while 8.1 per cent face flood threats, according to new research from Domain.
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Australians squirrel away billions in the bank
Australians squirrelled away $4.69 billion in April as households continue to deal with the rising cost of living by cutting back.
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City-dwellers head for regional Australia in growing numbers
The number of city-dwellers sick and tired of expensive, overpopulated cities and deciding to move to regional Australia has hit a 12-month high according to new data.
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Optimistic outlook: 93 per cent of agency owners expect revenue growth
More than 90 per cent of real estate agency owners anticipate positive revenue growth over the next 12 months, according to new research.
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Brisbane overtakes Canberra as property prices rise
Perth, Brisbane and Adelaide continue to lead home prices into record territory with national values up 0.3 per cent in May according to new data.
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