INDUSTRY NEWS
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The top 8 TED Talks you absolutely must watch
Having an 'always learning' philosophy will take you far.
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Essential workers paying two-thirds of their income on rent
Soaring rents across the country are hitting essential workers hard, with a new report finding they are paying two-thirds of their income on rent.
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Is the shine starting to come off Airbnb?
The lustre of the short-term rental platform, Airbnb is starting to wane with a new report showing superhosts are leaving and starting their own platforms.
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Queensland’s ‘death by a thousand cuts’ – rental reforms could kill investment
The Queensland Government’s “constant onslaught” of legislative intervention in the state’s rental sector could “kill off” investment, according to the Real Estate Institute of Queensland (REIQ).
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New dwelling commencements near decade low
New home starts across the country declined last quarter as the industry worries that a lack of new supply in the pipeline will exacerbate the housing crisis.
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Victorian property prices starting to stabilise
The pace of Victoria's property price decline has slowed, with new data showing values are stabilising.
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Rentals snapped up in record quick time
Rental properties are once again being leased at record fast rates.
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The real estate downturn hits the Metaverse
A couple of years ago the Metaverse was hot property, but just like in the real world, virtual real estate is also in decline.
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ANZ: Interest rates won’t rise again until August
One of Australia’s biggest banks has listed August as the next month when interest rates will rise, forecasting a 25 basis point hike.
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Hobart records the highest price growth over the past 20 years
Sydney and Melbourne are regularly in the real estate headlines, but it’s a much smaller capital city that has come out on top as recording the best median house price growth over the past 20 years.
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Interest rates and population growth lead to extreme property price swings
Falling interest rates, a rising population and demand for better-quality homes are some of the main reasons for the large swings in home prices across New Zealand according to a new paper.
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Perth rent rises a “certainty” amid tight supply
Rents have jumped 17 per cent across Greater Perth since April 2022, with house price rents in Morley and Scarborough the hardest hit.
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Are the proposed Privacy Act recommendations a regulatory overreach?
The Real Estate Institute of Australia (REIA) has called on Attorney General Mark Dreyfus to keep the Privacy Act small business exemption, saying it would be “regulatory overreach” if it were removed.
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The Aussie real estate magnates among Forbes’ top billionaires
Eight Australia real estate and property development magnates have made Forbes’ annual World Billionaires List for 2023.
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Sydney ranks 6th for luxury property rental growth
Prime rents in Sydney surged 6.7 per cent in 2022, placing the city at number six on the list of luxury property markets.
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New laser beam technology to improve building inspections
Building inspectors could soon be shooting laser beams in a bid to create faster and more effective inspections for buyers, according to new research.
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March was the busiest month for new listings since May
Sellers have slowly started to return to the property market with new listings rising 10.5 per cent in March.
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5000 rental properties lost to the WA market in the past 12 months
The number of rental properties in WA continues to fall as investors flee the state after a number of tough years.
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The top reasons buyers re-list within two years
Job relocation, financial stress and lifestyle changes, such as having a baby, are among the top reasons why homeowners re-list their properties within two years, a new study has revealed.
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New Zillow filter helps buyers stay on budget
US-based real estate marketplace Zillow has launched a new search tool that enables buyers to look for properties based on what they can afford to pay per month.
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Premium Sydney suburbs recovering the quickest
The Sydney suburbs that recorded the biggest price falls last year are the same ones that are leading the charge now that the market is recovering.
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Build-to-rent could boost housing supply by 150,000
Cutting government taxes on build-to-rent developments could lead to an increase of 150,000 new rental properties over the next 10 years, according to a new study.
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Ryan Serhant expands into six new markets
While other US brokerages have been cutting back amid a widespread market slowdown, celebrity agent Ryan Serhant has been busy expanding.
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The unbreakable agency: learn the legal ‘must haves’ for long-term success
If you’re looking to establish your own agency, you don’t just need to focus on listings and sales but ensuring you have a rock-solid legal foundation to set yourself up for long-term success.
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Couples moving in together sooner to save on rising housing costs
New couples are moving in together faster and leaving the romance at the door, in a bid to try and save on the escalating cost of housing.
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Rents surge in longest ever stretch of price growth
Tenants continue to face extreme financial pressure, with rents rising at the fastest rate since before the pandemic.
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Refinancing hits a record high as borrowers try to combat rising rates
Rising interest rates are pushing increasing numbers of borrowers to refinance in search of lower interest rates, while new loans have continued to decline according to new data.
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Short-term rentals not behind housing crisis
A real estate expert that specialises in short-term holiday rentals has said banning them would not solve the nation’s housing crisis but it could decimate small, regional economies that rely on tourism.
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Rental market reaccelerates from supply shortage
A chronic shortage of rental properties across Australia has reignited growth in weekly rents and further tightened already low vacancy rates.
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RBA hits pause on interest rates for now
After 10 straight rises the Reserve Bank of Australia has today elected to keep interest rates on hold, pausing the cash rate at 3.6 per cent.
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New shared equity fund to help hundreds of buyers
An innovative real estate industry leader is looking to help as many as 200 homebuyers get their foot on the property ladder over the next 12 months through a new shared equity fund for residential property.
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Bombshell US court ruling could see agents forced to reimburse sellers
An explosive court ruling in the US has opened the door for potentially millions of sellers to seek to be reimbursed for commissions paid to buyer's agents between 2015 and 2020.
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New Zealand 3D prints a childcare centre
The southern hemisphere’s first commercial building featuring 3D printed concrete walls has been completed in Hamilton, New Zealand.
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Smaller capital cities are the standout performers in a ‘segmented’ market
The smaller capital city property markets of Adelaide, Perth and Darwin have been the standout performers from across the country, while Melbourne continues to struggle, according to a new report.
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The effects of the housing crisis on real estate professionals
Property management is a high pressure, high stress job that can take an emotional toll on property management staff at the best of times.
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