INDUSTRY NEWS
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US-based Compass is cash flow positive for the first time since going public
Compass, the largest real estate brokerage in the US, has posted a profit for the first time since going public and has increased its market share.
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Art the leading luxury investment, not real estate
Art has topped the list of best-performing luxury investment class ahead of other popular categories including watches, jewellery and coins.
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The common sense way to provide the ultimate buyer experience
When Jane Briscoe began the process of finding a new family home in Sydney’s North in early 2022, never could she have imagined just how much of her time would be devoted to the search.
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Relief for Perth renters as vacancy rates rise
Perth renters might be starting to get some relief, with new data showing that vacancy rates have risen for the first time in six months.
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Fixed rate mortgage cliff hasn’t hurt borrowers yet
With the fixed rate mortgage cliff already underway, there’s still no sign of distressed sellers or a blowout in arrears according to an expert.
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Elevate Residential joins fight against over-55 women’s homelessness
A Brisbane real estate agency has joined a campaign to help give women over 55, who are at risk of homelessness, access to safe and affordable housing and personalised support packages.
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Profitable resales in New Zealand fall to the lowest level in eight years
Falling property prices across New Zealand has seen the number of homes sold for a gain tumble to the lowest level since 2015.
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Which generation is most likely to engage in rent bidding?
Baby boomers are the least likely cohort of renters to engage in rent bidding, according to new research from rent.com.au.
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WA Government overturns Aboriginal Cultural Heritage Act
The Real Estate Institute of Western Australia has welcomed the State Government’s decision to overturn the controversial Aboriginal Cultural Heritage Act saying it’s “a common sense solution for all parties”.
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Vacancy rate easing was just a “blip” according to new research
Rising vacancy rates in certain suburbs might just have been a “blip” with new data showing the number of available rentals in some areas is again starting to fall.
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The Agency launches a storybook to help children cope with the stresses of moving
The Agency has launched a children’s book to help families manage the stress of moving house.
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REACH Australia & New Zealand aim to help more PropTech companies in 2024
PropTech accelerator REACH Australia & New Zealand continues to encourage new PropTech innovation in the real estate industry and is opening applications for its fifth cohort in 2024.
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Farms have hit record prices but the forecast is more uncertain
We have never had such good farming conditions as we did in 2022. While particularly good Australian weather conditions were the major driver, so too were poorer conditions elsewhere around the world.
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Old police station transformed into a family home for sale
A former police station that has been meticulously transformed into a beautiful family home is up for sale in South Australia.
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There are still affordable rentals across the country
Despite the ongoing rental crisis making life difficult for tenants, there are still suburbs that are affordable for renters according to a new report.
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Port Hughes beach shack selling for first time in 50 years
A rare Port Hughes beach shack that has been owned by one family for more than 50 years is up for sale for the first time.
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REIWA call for changes to Aboriginal Cultural Heritage Act
The Real Estate Institute of Western Australia has called on the State Government to make changes to the Aboriginal Cultural Heritage Act in the name of aiding responsible development in the state’s undersupplied housing market.
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Study reveals impact of short-term rentals on housing affordability is limited
Short-term holiday rentals, such as Airbnb and Stayz properties, only have a “limited” impact on long-term rental affordability, according to a Queensland Government study.
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From corner store job to heartwarming home sale: Samuel Shooter’s full-circle moment
When Samuel Shooter sold the pastel lemon cottage on Wirraway Close in Dubbo, it represented a lot more than just another sale.
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Southerners flock to Queensland as interstate inspections hit record high
Queensland has seen record numbers of interstate buyer and renter digital inspections in the past six months, a trend which is showing no signs of slowing.
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Housing affordability is driving families out of Sydney
Young families are leaving overpriced Sydney en masse, pushed out by the skyrocketing price of property according to a new report.
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The best times of day to get your email read
If you’re sick of people not replying to your emails, a new report has found you might be sending them at the wrong time or on the wrong day.
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Alice Stolz: How The Block has changed the way Aussies view property
It’s hard to imagine a time where home renovation and die-hard property shows and content did not dominate Australian culture.
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Perth house prices hit another record high
The Perth property market continues to steadily increase in value, with prices hitting a new record high of $560,000 in July.
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National property prices set to rise up to five per cent over the backend of 2023
Property prices are expected to increase as much as a further 5 per cent nationally by the end of 2023, new data shows.
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Highland to open new office on the Gold Coast
Leading Sydney real estate agency, Highland, will expand into the vibrant Gold Coast property market with the opening of its sixth office.
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REIACT hosts the first Australian Auslan interpreted Auctioneering Championships
The Real Estate Institute of the Australian Capital Territory (REIACT) has hosted the first Australian Auslan interpreted Auctioneering Championships, in a push to build awareness for hearing-impaired home buyers.
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Dwelling approvals and loan commitments drop
The Reserve Bank of Australia may have kept interest rates on hold this week, but that hasn’t stopped property industry experts from hitting out at the central bank after the latest lending figures showed the number of loans for buying and building a new home has dropped alarmingly.
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RBA keeps interest rates on hold a 4.10 per cent
Australian mortgage holders are breathing a sigh of relief this afternoon after the Reserve Bank of Australia opted to keep interest rates on hold.
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More student accommodation needed to keep up with demand
Developers haven’t been building enough student accommodation, and with international student numbers surging, it’s been putting more pressure on housing supply according to an expert.
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Property prices have nearly recovered all their declines
Property prices rallied again in July and have now nearly recovered all of their 2022 declines, according to PropTrack.
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Adelaide house prices hit a new record high of $700,000
Adelaide’s property market has been arguably the best performed over the past few years, with the median house price hitting another record high in June.
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First 3D-printed house in Wolf Ranch completed
The first house in the world's largest 3D-printed neighbourhood has just been completed.
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Auction volumes keep rising, but buyers are still out in force
Despite the unseasonal increase in auction activity, the preliminary auction clearance rate continues to hold above 70 per cent with a “massive” number of registered bidders showing up on auction day.
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Could empty offices become affordable housing?
Empty office buildings in Melbourne’s CBD could be turned into apartments and create as many as 12,000 homes, new research has discovered.
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