INDUSTRY NEWS
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Leanne Pilkington named president of REIA
A powerhouse trio of female real estate experts will lead the Real Estate Institute of Australia into 2024, with Leanne Pilkington being named president and Hannah Gill taking on the deputy president role.Â
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Darwin property market poised for major growth
Double digit property price growth is tipped for Darwin in 2024, with one expert forecasting a return to the dizzying heights of 2012.
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Confidence returns as auction volumes hit a 19-month high
Vendors have been busy trying to sell their properties before the Christmas break, with capital city auction volumes surging to a 19-month high.
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Australians under extreme financial stress compared to 2020
Despite the Reserve Bank of Australia (RBA) keeping rates on hold, Australians are still facing mounting financial stress according to a new survey.
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Aussie mortgage holders spared a Christmas interest rate rise
The Reserve Bank of Australia has provided mortgage holders a Christmas time reprieve, electing to keep interest rates on hold at 4.35 per cent at today’s board meeting.
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Renters facing a tight changeover period as vacancy rates remain low
The traditional summer changeover period is shaping up as an incredibly challenging period for renters with the latest vacancy data showing supply remains at record low levels.
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Leading Cairns agencies join Ray White
Top Cairns agents Ray, David and Sharyon Murphy are rebranding their market-leading agencies, to become Ray White Cairns and Ray White Palm Cove.
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QLD unit prices ‘awaken from their slumber’
QLD home buyers are starting to chase affordability with new data showing that unit price increases are starting to outpace freestanding homes.
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Real estate networks champion charitable causes
Real estate agents are a philanthropic bunch and with Christmas just around the corner, three networks have given back to charitable causes aimed at making the lives of others better.
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See inside the tiny apartment worth $500,000
A minuscule apartment in Bondi Beach has been snapped up at auction for a staggering $511,000, surpassing its reserve by more than $41,000.
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Australia’s most viewed properties in 2023
A chapel with a graveyard, a fixer-upper with 19 bedrooms, a house from The Block, an abode with a Raffles Hotel bar and a breathtaking rural property were among the most viewed homes on Domain this year.
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Borrowers to be spared a Christmas interest rate hike
This week’s lower-than-expected inflation number is shaping up as an early Christmas present for borrowers, with the Reserve Bank of Australia (RBA) set to keep rates on hold at next week’s board meeting according to the experts.
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New Zealand property prices continue to recover
Property prices in New Zealand ticked higher last month adding to the recent string of increases suggesting the market has turned the corner for the time being.
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Property prices hit record high despite growth slowing
Australian property prices have hit a new record high, climbing 0.22 per cent in November, according to PropTrack.
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The RBA was ‘too hasty’ in raising interest rates again
The Reserve Bank of Australia (RBA) might have been too hasty in hiking interest rates last month, with the latest inflation data showing inflation slowed down in October.
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Sydney super prime sales buck the worldwide trend
Rising interest rates have been slowing down the super prime market around the world, however, Sydney has bucked the trend and seen sales rise according to a new report.
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US home sellers file another commission lawsuit
Another lawsuit has been filed in the US against the National Association of Realtors (NAR) and major real estate companies, accusing them of conspiring to keep commissions high.
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Property prices tipped to rise further in 2024
Combined capital city house and unit prices are tipped to reach a record high in 2024, after price expectations defied forecast declines in 2023.
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Two-thirds of buyers and renters want energy-efficient homes
Increasing energy costs are leading homebuyers and renters to turn towards energy-efficient homes according to a new report.
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Help to Buy scheme set to get more people into a home
Thousands of Australians looking to buy a home and struggling with affordability will soon get more government help, with the introduction of the Help to Buy scheme.
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Sea change out, tree change in: Australians flock inland for an affordable lifestyle
Buyers are swapping the beach for the bush when it comes to relocating to more affordable regional areas, new research reveals.
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Unlocking confidence in Australia’s property market: agents hold the key to easing frustration and uncertainty
Australians are feeling frustrated, unbalanced and uncertain about the current property market, providing agents an opportunity to solve the confidence equation and get ahead of the competition as a trusted industry advisor.
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Reforms needed to boost housing supply
Reform is needed to help boost housing supply amidst an unprecedented population increase according to an expert.
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Andrew Hauser appointed Deputy Governor of the RBA
The Federal Government has appointed Andrew Hauser as Deputy Governor of the Reserve Bank of Australia (RBA) for a five‑year term.
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Home ownership hurdles: 2023 sees soaring costs, sinking affordability
Housing affordability has plummeted on three fronts in 2023, with simultaneous rises in rent values, housing values and interest rates putting home ownership further out of reach for many.
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Buying beats renting in over a third of Australian homes
Rent growth over the past 12 months means it’s still cheaper to buy than rent more than one-third of Australian homes.
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Airspace development association aims to tackle housing crisis
A new association has been set up aiming to encourage the new construction process of airspace development to help ease the housing crisis.
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Summer’s approach spurs REIA to champion mutual agreements for tenant home modifications
Tenants looking to make moderate changes to a property they’re renting should reach out to their property manager in a bid to put in place a Mutual Agreement, according to a top industry body.
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Falling prices in some suburbs make it easier to buy in Sydney and Melbourne
With interest rates rising, buying conditions remain tough however, there are still locations where people can find both affordable and livable locations according to a new report.
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Wiseberry Heritage acknowledges renters with new Tenant of the Year winner
Wiseberry Heritage continues to appreciate the important role that tenants play in real estate, with the latest winners of the Tenant of the Year award announced at an awards night.
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7 ways your agency can get the most value from AI
Generative AI could create between $110 billion and $180 billion in value for the real estate industry, but only if agencies rewire the way they work to make the best use of the technology.
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REIA President Hayden Groves to hand over the reins
Real Estate Institute of Australia (REIA) President Hayden Groves is set to finish up his term as head of the industry body after two years in the role.
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Barry Plant goes back to its roots with its rebrand and new offices
Barry Plant Group is set to rebrand with a fresh new look that takes the company back to its roots.
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Redefining leadership: real estate’s leading ladies gather in Sydney
Establishing themselves in a male-dominated industry, balancing life with work, and the leadership qualities needed to excel in the sector, were just some of the topics covered at the annual Canapes and Conversations networking event this week.
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New Zealand rents surged 6.1 per cent in the past year
New Zealand tenants aren't fairing much better than their Australian counterparts, with weekly rents rising 6.1 per cent in the past 12 months.
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