INDUSTRY NEWS
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Australians put dreams on hold as cost of living rises
Australians are increasingly being forced to shelve major milestones like having children, family holidays and house upgrades because of the rising cost of living.
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REIQ: Queensland Government needs to wean off stamp duty
The Queensland government coffers are swelling from excessive property taxes and it’s time they started to wean off them, according to the Real Estate Institute of Queensland (REIQ).
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Supply, not landlords, behind the housing crisis
Australia's housing crisis is being driven by supply issues rather than greedy landlords or rising interest rates, according to Reserve Bank of Australia Assistant Governor Sarah Hunter.
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Luke Banitsiotis crowned top auctioneer at the AUSTROS
Woodards Blackburn's Luke Banitsiotis, has been crowned the nation's top auctioneer for 2024, after taking out The Australasian Auctioneering Championships (AUSTROS) in Hobart.
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One-third of buyers say interest rates don’t impact decision to get on the property ladder
Interest rates do not influence the decisions of more than one-third of Australian buyers when it comes to buying or selling property, according to recent research.
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Rising vacancy rates offer a little relief for renters
Australia’s renters are finally getting some respite, with the national vacancy rate rising to 1.21 per cent in April.
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Housing data lab gets $1 million funding to solve housing crisis
The City Futures Research Centre (CFRC) at UNSW Sydney has been awarded a $1 million grant by the office of the NSW Chief Scientist to create a new lab to help analyse the ongoing housing crisis.
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New listings jump in April as confidence rebounds
Vendor confidence is returning across the country with new listings surging 3.8 per cent last month according to new data.
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Facebook is shutting down Workplace
Meta, the parent company of Facebook, has announced it’s shutting down its enterprise communications business Workplace.
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Successful real estate business rebrands to RE/MAX Aspire
Successful businessmen and brothers, Jarryd and Ryan Fisher, have built their real estate business on a solid basis of trust, respect and commitment, and recently partnered their successful dual-office business E-Fishient Property Solutions with RE/MAX, rebranding to RE/MAX Aspire.
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McGrath Townsville giving a little means a lot
Long time Townsville residents and business owners Kaye and Brad Matheson love nothing more than to give back to the community that has been so good to them.
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New Zealand resellers still seeing red
Prices are still favouring buyers in New Zealand, with new data showing that increasing numbers of resellers have been taking losses on their properties.
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Federal Budget reaction: Why it won’t solve the housing crisis
Real estate and housing experts across the country have weighed in on Tuesday’s Federal Budget, simultaneously giving the thumbs up to the cash splash while lamenting it didn’t go far enough.
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Australian underinsurance hits crisis levels
Australians are putting their homes and livelihoods at risk by underinsuring their homes according to an insurance expert.
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Mandurah is Australia’s fastest growing city
Mandurah, on the southwestern coast of Western Australia, has been named as the fastest growing city in the country in the past 20 years.
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What’s in the Federal Budget for real estate?
Treasurer Jim Chalmers has delivered his third Federal Budget, forecasting a surplus of $9.3 billion, handing out almost $2 billion to increase the maximum rate of Commonwealth Rent Assistance and delivering a prediction that inflation could return to target this year.
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Family-friendly workplaces boost work-life balance
Employees who work in family-friendly workplaces have better work-life balance and less stress according to a new survey.
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Australia’s 20 largest property groups keep growing
Australian property has been strong over the past 12 months which is also driving up the value of some of the largest property groups in the country.
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Stubborn inflation means rate cuts might not arrive in 2024
Australians hoping for an interest rate cut this year may be setting themselves up for disappointment with persistent inflation and strong jobs data meaning the cash rate could be on hold for the rest of 2024.
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Budget funding positive but not enough to solve housing crisis
The property industry has largely welcomed the Federal Government’s housing funding, announced ahead of today’s budget, but there are still calls for more to be done.
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New build smashes Manly price record
In a record-breaking sale, a newly constructed home in Fairy Bower, Manly, is believed to have smashed the suburb’s price record by $10 million, making it the second-highest sale in the history of Sydney's Northern Beaches.
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The Zillow Gone Wild TV series set to premiere
A new Zillow Gone Wild TV series has premiered in the US, inspired by the popular Instagram account that has nearly two million followers.
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Judge approves NAR settlements after late bid fails
Despite a last-ditch bid to halt settlement proceedings in the NAR commission case, a judge has given his final approval for the settlement to go ahead.
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LJ Hooker calls on the government to help homeowners ‘right size’
The upcoming Federal Budget is an opportunity for the government to tackle the housing crisis by boosting construction and making it easier for people to ‘right-size’.
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Are safe rooms the modern home’s new ‘must-have’ feature?
Once purely the domain of Hollywood films, safe rooms are becoming an increasingly popular property feature, both here and overseas.
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Community and compassion: how Matt Plunkett uses his real estate skills for charity
Matt Plunkett’s no stranger to calling an auction, but there are two each year that mean a lot more than most.
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Matthew Harvey joins Clarke & Humel on Sydney’s Northern Beaches
Clarke & Humel has embarked on the next phase of its growth strategy, appointing distinguished industry leader, Matthew Harvey, as the agency’s new general manager.
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REA Group reports surge in revenue growth
REA Group’s revenue has spiked 20 per cent on the back of strong Australian residential and commercial yield, along with revenue growth in the Indian arm of the business.
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NZ FHB’s making the most of lower prices
New Zealand first-home buyers have capitalised on lower property prices and other incentives, making up more than one-quarter of property purchases.
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Australian housing is ‘far from equitable’ and getting worse
The Australian housing system is likely to get worse for years to come unless the government fulfils all of its housing promises and is able to meet the high level of demand according to a new report.
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Deadline approaching for NSW assistant agents to extend their certificates
Eligible assistant agents in NSW have until 22 June 2024 to apply for an extension of their certificate of registration for a one-off, 12-month period.
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WA Government dangles $5000 carrot to fill empty homes
The Real Estate Institute of Western Australia (REIWA) has welcomed a new State Government scheme that will offer owners of empty homes $5000 if they make them available as a long-term rental.
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