INDUSTRY NEWS
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Foreign buyers return to the Australian housing market
Foreign buyers are returning to the Australian market following a drop in numbers in 2022, according to a new property report.
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The big four banks pass on the latest rate hike
There’s no relief in sight for borrowers, with all big four banks announcing they will pass on the latest 25 basis point rate hike.
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First-home buyers lead the way as new loan commitments rise
New loan commitments for housing have risen for the first time since early 2022, climbing 4.9 per cent in March, including a substantial 15.8 per cent increase in new owner-occupier first-home buyer loan commitments.
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Remote investing soars, but it could trouble tight rental markets
Remote investing has accelerated for the third year running, despite the easing of Covid restrictions, and it could spell bad news for some of our tightest rental markets.
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Simon Cohen launches seller’s advocacy agency
Could seller’s advocates be the next big thing in real estate?
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Why real estate agents can’t “bury their head in the sand” with AI
In less than six months, Chat GPT has exploded onto the scene and has changed the way businesses all around the world are operating.
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Some capital city vacancy rates starting to ease
The nation’s vacancy rate remained at its lowest point on record in April at 0.8 per cent, despite the number of available rentals increasing slightly in five capital cities.
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Perth house prices continue to rise, units stable
Perth’s house market is on the rise, while the city’s unit market has remained stable, according to the latest figures.
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Zillow launches ChatGPT plugin for seamless house hunting.
Buyers will no longer have to fall down the endless scroll hole when searching for a property in the US, with Zillow launching a game-changing plugin that will transform the house hunting experience.
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Technology and digitisation to disrupt 23 per cent of jobs
Almost one-quarter of jobs will be disrupted in the next five years, with technology and digitisation fuelling the fastest growing and declining roles.
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We need a ‘lemon law’ to make all the homes we buy and rent more energy-efficient
A long-awaited increase in energy-efficiency requirements for new homes is part of revised Australian construction standards that have taken effect this week.
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Interest rates rise for the 11th time in this cycle
The Reserve Bank of Australia has increased interest rates for the 11th time in 12 months, lifting the cash rate 25 basis points to 3.85 per cent.
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Zillow CEO to be questioned in rival’s antitrust lawsuit
Seattle-based real estate platform, REX - Real Estate Exchange, has been granted permission to question Zillow Group Chief Executive officer Rich Barton in the company's antitrust lawsuit against Zillow and the National Association of Realtors (NAR).
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Confidence returns to the property market
Confidence is slowly returning to property markets across the country, with demand for quality properties still remaining high according to experts.
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Federal Government boosts housing packages ahead of the May Budget
The Federal Government has announced a raft of increases to national housing initiatives ahead of its May 9 Budget, including an additional $2 billion for social and affordable rental housing.
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The rate debate: 55 per cent of experts expect a rate rise
Despite the Reserve Bank of Australia (RBA) holding rates steady last month and inflation appearing to reach a peak, 55 per cent of experts think the board will hike the cash rate again at the May meeting.
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Australian housing downturn has likely ended with positive growth trend emerging
Three of Australia’s leading real estate data providers have suggested the property market downturn is over.
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Ouwens Casserly wins AREAs Residential Agency of the Year
Transitioning to a shared leadership model forced upon them in difficult circumstances has been credited with Ouwens Casserly taking out the 2022 Annual REA Excellence Award for Residential Agency of the Year.
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REIV calls for an alternative to stamp duty
The Real Estate Institute of Victoria (REIV) has urged policymakers to do away with “lazy” taxes like stamp duty and find a more effective solution such as a land tax.
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Sydney’s Woollahra named most affluent Local Government Area
Waterfront locations dominate the list of Australia’s wealthiest LGAs, with Woollahra topping the list of the most affluent areas.
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Buyers increasingly focused on lifestyle and location: HTW
While interest rates and affordability have dominated the headlines, most home buyers are increasingly focused on access to transport, lifestyle and community when making their purchase decision according to the latest Herron Todd White (HTW) Month in Review.
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REA Group announces all the AREAs winners
Winners in the Annual REA Excellence Awards (AREAs) have been announced with Ouwens Casserly Real Estate taking out the coveted Residential Agency of the Year Award.
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Is the downturn over? House prices on the rise
Australia's property market is showing cautious signs of recovery, with house prices across the combined capitals increasing in the March quarter for the first time in a year.
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Discovering the power of saying ‘no’ and living in the present moment: a journey of hope and charity
Learning to appreciate the present moment, zeroing in on what’s truly important and not putting all of your eggs in one basket are just three of many lessons Hayley Mitchell and John McSpedden took away from the most recent Digital Live Charity Ride in Thailand.
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Is another interest rate pause on the cards?
Inflation in Australia continues to fall, sparking hopes of a second consecutive interest rate hold next week.
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Two-speed demand splits rental market
A two-tiered rental market is appearing, with demand for rentals in capital cities soaring while in regional areas it is falling dramatically.
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Privacy webinar to get frontline professionals up to speed
To mark Privacy Awareness Week, O*NO Legal - The Real Estate Agents’ Lawyer has redesigned its highly popular, free privacy webinar to help frontline real estate professionals who deal with personal information.
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New data proves rent bidding occurs and new tenants more likely to see rent rises
In the past year, rents have increased for almost three-quarters of rental properties, up from about one-quarter each year pre-pandemic, according to a new report built on data from MRI Software.
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Half of households dip into savings to pay the bills
Households are being forced to dip into their nest eggs and even their kid's savings to try and cover the surging cost of living.
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Regional areas and high-end Sydney suburbs lead the bounce back
Affordable regional areas and high-end Sydney suburbs dominate the list of locations experiencing a market bounce back, according to new research.
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Byron Bay and Bright hotspots for capital growth
Would-be vendors in popular holiday destinations such as Byron Bay and Bright could be sitting on capital growth in excess of $2 million.
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RBA to undergo massive shake-up after review
The Reserve Bank of Australia will undergo a major shake-up that will see the governor hold a press conference after each meeting on interest rates to explain the decision to mortgage holders.
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The Queensland regions where homes are under $500,000
Despite surging immigration and tight supply, it’s still possible to find a home in Queensland for under $500,000, according to an expert.
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House hunting just got smarter: AI Dream Home helps buyers bring their imaginations to life
US-based listings portal realtor.com has unveiled an innovative, AI-powered property search platform that allows buyers to render their ideal home.
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Young Australians left with just $13 a day as rents soar
Students and young Australians are being hit hard by the ongoing rental crisis, with new data showing that they are being forced to live on a “ridiculous” $13 a day.
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