INDUSTRY NEWS
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Building approvals fall again as RBA’s rate rises hit home
An economist is urging the Reserve Bank of Australia to "hold fire" on future rate rises after new building approvals declined again during the month of November.
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New property listings plunge in December as homes stay on the market longer
The number of new listings hitting the market in December fell by 31.1 per cent when compared with Novembers figures, according to the latest update from SQM Research.
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Foreign buyers look to Australia after Canada ban
Canada’s decision to shut the door on foreign buyers could prove a bonus for the Australian property market, according to experts.
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Australian property values record largest decline on record
Australian property values have clocked the largest decline on record, dipping by 8.4 per cent between their peak on May 7 2022 and January 7 2023, according to CoreLogic.
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NSW Labor to shake up pets in rentals and stamp duty if elected
NSW Labor has hit the campaign trail hard, promising to extend first-home buyer stamp duty exemptions and make renting with pets easier if elected in March.
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Homebuyers ditch location for lifestyle
Once real estate was all about location, location, location, but now lifestyle, lifestyle, lifestyle is at the forefront of buyers' decision making, according to a leading property expert.
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REIQ appointed to housing supply expert panel
Antonia Mercorella will form part of the Queensland Housing Supply Expert Panel.
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New population report reveals what Australia’s cities will look like in 2033
Melbourne remains on track to overtake Sydney as the country's largest city within the next decade, according to new modelling.
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2022 the worst year for property price drops since the GFC
December home price figures paint a mixed picture for a property market that came under intense pressure from rising interest rates during 2022, with some smaller capital cities still recording positive price growth despite a decline in national values not witnessed since the Global Financial Crisis.
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Perth property prices tipped to rise in 2023
Low stock levels and high demand will continue to see property prices rise in Australia’s most affordable capital city - Perth - in 2023.
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Simon Pressley’s 2023 property market predictions
House prices will rise between two and seven per cent in the majority of capital city and regional locations in 2023, a leading property analyst has predicted.
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The top 50 residential real estate influencers and innovators for 2022
There is rarely a dull day in real estate. From mergers and acquisitions, pivoting in a changing market and continued acceleration of PropTech, 2022 has been a year for the record books.
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Only 7 per cent of suburbs in New Zealand not experiencing price declines
While most suburbs in New Zealand have been experiencing steep home price declines in the past three months, there are still areas that have seen growth according to CoreLogic.
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Demand for quality commercial assets to increase in 2023
Demand for value-add commercial assets and locations that will experience strong population growth will be a key focus for investors in 2023 according to an expert.
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O*NO Legal’s new webinar tackles start-ups and early growth
With more and more real estate agents opting to start their own agency it’s increasingly important to understand the options available, and how to stay on track.
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Quartet of Ray White Auckland bays offices recommit to group
The continued commitment of the offices owned by Wayne Maguire and his partners, according to Ray White New Zealand Chief Executive Officer Daniel Coulson, is great news for the company.
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Distressed property sales could increase next year: HTW
The end of many borrowers' fixed-rate loan term in 2023 is expected to present a significant challenge for real estate values, according to a new report.
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Home buyers search for ways to save as rates rise
Home buyers searching for information on interest rate rises exploded in 2022, with new research suggesting thousands of Australians are looking to cope with higher borrowing costs.
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Regional home prices hold up better than the capital cities
After booming throughout the pandemic, regional property prices have continued to outperform the capital cities in 2022, driven by ongoing demand and tight supply, according to a new report.
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Experienced agents bring wealth of knowledge to new Paradise business
Nick Borrelli and Jason Spagnuolo intend to grow the company and expand into both property management and finance with the help of a team of six people in sales and administration and the resources and support of a tested business strategy.
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Two Toorak records among Victoria’s top sales in 2022
Two state records set in just a matter of days in August topped the list of Victoria's most expensive home sales this year.
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Top agent continues partnership with Ray White
The last five years has seen Viven Yap’s business thrive, growing to 30 agents and servicing sales, property management and project sales across Perth’s affluent western suburbs. The Announcement: LEADING real estate agent Vivien Yap has renewed her commitment with the country’s number one network, the Ray White Group. Ms Yap has been Western Australia’s number one performer for the…
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Some of the NSW property sales that wowed us in 2022
There's no doubt Sydney has some of the most luxurious homes in the world and some of the top sales this year didn't disappoint. Let's take a look!
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New online marketplace looks to match agencies, principals with PropTech startups
A new platform designed to link PropTech startups with agencies and principals seeking to diversify their business or fill a technology gap has launched and is calling for new participants in 2023.
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REIACT appoints new chief executive officer
The Real Estate Institute of the ACT (REIACT) has appointed Maria Edwards to the CEO role, taking over from Michelle Tynan.
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New Zealand property values decline at GFC levels with further falls predicted
Agents taking stock of Australia's deteriorating market conditions should spare a thought for their Kiwi cousins, with values in New Zealand falling further than predicted in 2022.
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Combating Taree’s rental crisis with transitional housing
The rental crisis across Australia is reaching extreme levels, with some of the biggest shortages occurring in regional areas forcing vulnerable people into incredibly challenging situations.
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Highland leadership team to appoint new Chief Operating Officer
Laura McKay has 20 years of experience in the field, 12 of those with Highland, and has proven to have outstanding business expertise, contributing significantly to the company’s growth. The Announcement: The future is female for leading Sydney property agency, Highland, which is proud to present a leadership team of predominantly women, all of whom have a wealth of knowledge and…
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Victorian suburbs top the list for best buying opportunities in 2023
Victoria has topped the list for the most suburbs that offer great buying opportunities in 2023 according to a new report.
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Uptick in property listings during November, PropTrack says
New property listings rose during November, according to a new report, with regional areas witnessing the largest increase.
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Ray White Glenelg expands business across the coast
Business owner Justin Kurenda said the goal over the next 12 months is to further increase our market share in the area. The Announcement: In a bid to improve servicing the coastal area of South Australia, Ray White Glenelg business owners Justin Kurenda and Adam Keane have taken over the reins at Ray White Brighton. Mr Kurenda said they were…
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Ten Sixty, a new short form video app for real estate – brings on Josh Flagg in advisory role
Australian startup, Ten Sixty the new global short-form video app for real estate announces that top Douglas Elliman luxury agent and star of Million Dollar Listing, Josh Flagg and the media company he founder Estate Media, will become advisors to the rapidly growing real estate platform, that’s bringing real estate into the era of short form videos.
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Purplebricks ads back to “shouting about” low fees, as UK cost of living crisis bites
UK agency Purplebricks says a decision to revive an advertising campaign targeting real estate agent commission is paying dividends, after blaming a previous change in marketing direction for profit losses.
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Queensland’s top sales for 2022
Water views were the order of the day for some of Queensland's top residential property sales this year.
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Ayre Real Estate expand into Pyrmont
Founder of Ayre Real Estate, Adrian Wilson says this next step for Ayre Real Estate is in line with its growth plans and he is excited to work with agents of high calibre and esteem. The Announcement: Sydney prestige apartment specialists Ayre Real Estate have this week expanded their harbour foreshore presence by announcing their new office in Pyrmont. The…
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