INDUSTRY NEWS
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View Media Group launches new real estate portal
Antony Catalano’s View Media Group (VMG) has launched property portal view.com.au, with an innovative listings model where sellers can list their homes for free.
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US home values are up $2.6 trillion in 12 months
US home prices have bounced back from last year's short-lived downturn with values up $2.6 trillion in the past 12 months according to new data.
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First in best dressed: How top agents are gaining market share using AI
In the dynamic and fast-paced world of real estate, securing leads and gaining a competitive advantage can make all the difference in a successful career.
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Knockdowns and rebuilds don’t always mean gentrification and rising prices
Suburbs that are seeing a high number of homes being knocked down and rebuilt doesn’t necessarily mean the area is going through gentrification or that prices will rise according to an expert.
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House prices set to surge by June 2025
House prices will rise almost 15 per cent nationally by June 2025, with limited property supply, heavier migration and anticipated interest rate cuts fuelling the growth.
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QLD and NSW aren’t releasing enough land to meet surging population
New South Wales and Queensland are not releasing enough land to keep up with surging population growth, according to a new report.
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Gold Coast trophy home sets new auction record
Queensland has a new auction record after a luxury Gold Coast estate with views that span from Main Beach to Broadbeach, sold for $24.8 million on the weekend.
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‘Hostile’ rental conditions see tenants paying 41 per cent of their income on rent
The ongoing rental crisis is making life hard for renters in WA, SA, and QLD, with some suburbs seeing tenants forced to pay over 40 per cent of their income on rent according to a new report.
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Harcourts helps to beat the blues with bids
Harcourts will take its Blue Friday charity auction day international in 2024, courtesy of the event’s amazing success on Friday, September 21.
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Auction numbers surge, clearance rate remains steady
Australia’s auction market is holding steady, with solid clearance rates last week, as the number of properties going under the hammer surged.
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Short-term loss-making sales have increased
Higher interest rates could be pushing sellers to accept a loss, with new data from CoreLogic showing the proportion of loss-making, short-term sales has increased.
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Sydney property is overvalued but not at risk of entering a property bubble
Sydney real estate might be overvalued, but it’s not at risk of being in a bubble according to a new index.
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Agencies pay millions to settle lawsuit over agent commissions
US-based brokerage RE/MAX has reached a settlement in two class-action lawsuits filed against it over agent commission payments.
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Vacancy rates on the rise across NSW
In positive news for NSW renters, vacancy rates continue to rise, however, conditions still remain tighter than prior to COVID.
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Another 92 social and affordable homes for QLD
In a bid to help ease the ongoing housing crisis, the Queensland government is funding the construction of another 92 social and affordable homes.
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Financial fortitude: Building a robust cashflow strategy to survive rough times
When it comes to property investment and development, having a solid cashflow strategy is paramount to thriving in both prosperous and challenging times.
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Industry experts react to Victorian Government real estate reforms
Entry Education has confirmed it will be a provider of the Victorian Government’s new mandatory continuing professional development for real estate professionals, but scarce other details are available.
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El Nino’s knock-on effect: How weather could impact Australia’s property market
As Australia prepares for a hot and dry El Nino summer, a respected buyers’ agent has warned there are several ways the weather event could impact the property market.
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Victorian land prices surge by up to $1 million
Victorian land values have exploded since 2020, with a number of areas seeing prices rise almost $1 million.
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Over 96 per cent of homes resell at a profit
With property prices again on the rise, 96.3 per cent of sellers have locked in profits this year, according to new data.
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Property values rise in one-in-three New Zealand suburbs
Home values have risen in 30 per cent of New Zealand suburbs according to the latest CoreLogic Mapping the Market tool.
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Victoria announces major overhaul to rental, planning and housing policy
The Victorian Government will introduce mandatory continuing professional development for real estate industry professionals and implement the biggest shake-up in rental, planning and housing reforms in generations, it was announced today.
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Eastell and Co. expands into Sunshine Beach in partnership with unrealty
A leading real estate agency that prides itself on excellence in prestige property service, Eastell and Co., has announced its expansion into the vibrant community of Sunshine Beach.
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Aussie suburbs where upsizers will find the best value
Despite high property prices, tight inventory levels and rising interest rates, people looking to upgrade their homes to something bigger are still able to find good opportunities according to new research.
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Digital Affordable Housing Register to help solve the housing crisis
Australia will become home to an Affordable Housing Register that will unlock the private sector to participate in affordable housing in an effort to solve the nation’s housing crisis.
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Kolmeo launches flexible portfolio management options
Property management businesses will now have the ability to run multiple brands across their rent roll courtesy of Kolmeo’s new configurability options.
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$2.2 billion housing and infrastructure plan announced in NSW Budget
A $224 million Essential Housing Package has been announced as a major part of the NSW Budget as the State Government attempts to address the “historic neglect” of social housing supply.
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Home run for owner-occupiers as investors sit on sidelines
Current buyers looking for new homes are likely to be owner-occupiers, not investors, who want a standalone property rather than an apartment.
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The “big cities are back” as the property price rebound continues
Property prices are likely to continue to grow in the months ahead, after a “massive improvement” in conditions over the winter months according to an expert.
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New listings soar across the country in August
New listings soared more than 20 per cent in August, with Sydney and Melbourne recording their busiest end to winter in more than a decade.
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PGIM to build co-living spaces in Sydney and Brisbane
Investment management company PGIM is planning to create a $750 million portfolio of co-living facilities across Sydney and Brisbane as a part of its residential-for-rent strategy.
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Storia Estate Group launches in the luxury Brisbane Bayside market
Luxury Queensland agency, Chapter Estate Groups is rebranding to Storia Estate Groups, with the independent team narrowing its focus to exclusively high-end luxury property across the Redlands region of Queensland.
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Restricting short-stay accommodation won’t ease the WA rental crisis
Short-stay accommodation in Western Australia has increased 16.2 per cent in the past 12 months, however, adding restrictions won’t help ease the rental crisis according to the industry.
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PropertyMate’s platform transforms home searches, wins industry support
A property search platform that enables consumers to search for their perfect home by lifestyle options is also swiftly gaining support from real estate agencies and agents.
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Population growth to fuel Western Australia and Queensland hotspot growth
Australia’s population has grown to 26.5 million, with Western Australia the fastest growing state, according to new research from the Australian Bureau of Statistics.
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