INDUSTRY NEWS
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Brisbane’s rental crisis putting vulnerable renters at risk
The rental crisis in Brisbane is leaving many vulnerable and low-income earners at risk of homelessness according to an expert.
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Top achievers and contributors recognised at Barry Plant Awards
On the 8th of September nearly 800 people gathered at the Palladium Room at Crown Casino to hear who would take home this year’s Awards for Excellence in the Barry Plant Group.
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Big banks increase mortgage rates again
All four major banks have passed on the full 50 basis point interest rate increase, while once again savers have missed out.
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Devonport office recognised for outstanding contribution to the LJ Hooker Group
Just three years after opening, LJ Hooker Devonport has taken out the prestigious title of Business Owners of the Year at the network’s annual Night of the Stars Awards.
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Fixed-rate mortgage bomb set to go off
Thousands of borrowers on fixed-interest home loans are facing an interest rate “cliff” and could be plunged into mortgage stress by the end of the year.
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$8 million double apartment sale in The Horizon breaks records
A double apartment in Sydney’s The Horizon tower has sold for a record-setting $8 million.
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Cloudstaff launches dedicated property division for the Australian market
Cloudstaff, the Australian-headquartered remote staffing platform, has announced the launch of a dedicated division to service the Australian real estate market.
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BresicWhitney reveals 2025 Strategic Direction
BresicWhitney’s Mission for 2025 is to be the ‘leading property group in Sydney’. The Announcement: BresicWhitney has revealed its 2025 Mission to be the ‘leading property group in Sydney’. This is an evolution of its lifestyle-focused positioning, taking a wider lens that aims to continue leading the property experience and environment for all who participate. This includes its people, its…
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Auction volumes increase with a bumper week tipped to come
Auction volumes inched higher this week as spring selling season hits its stride, with CoreLogic predicting next week could see the busiest auction week since June this year.
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Trading up is getting easier in New Zealand
Upgrading your home is gradually getting easier across New Zealand, with new data showing the premium to trade-up is on the decline.
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Risky lending falls as tough APRA rules kick in
The value of risky mortgages continues to fall after tough new rules from the Australian Prudential Regulation Authority (APRA) start to take hold.
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A unique spring selling season on the horizon
Despite the arrival of the spring season, sales activity is expected to be a little different this year as mortgage rates, weak consumer sentiment and stretched household budgets begin to bite.
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REIQ: encouraging ‘rightsizing’ is the right move
The REIQ supports initiatives that make downsizing an easier financial decision for older Queenslanders.
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Mortgage anxiety rises as the RBA continues to hike the cash rate
Rapidly rising mortgage rates could leave borrowers in serious financial trouble with new research finding two-thirds of homeowners may default as a result of the increased cash rate.
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Nation’s first drive-through ramen restaurant located at brand new service centre
Australia’s first drive-through ramen restaurant has been brought to market as part of an Ampol Service Centre with Ray White Commercial QLD. The Announcement: A brand new service station has hit the market in Pimpama, complete with Australia’s first drive-through ramen restaurant. Located at 68 Pimpama Jacobs Well Road, the fully-leased Pimpama Ampol Service Centre is being brought to market…
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Season 3 of Luxe Listings Sydney promises to be the biggest and best yet
When Monika Tu was invited to join the inaugural season of the hit Amazon Prime TV show Luxe Listings Sydney she initially said no.
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Government flags incentives for pensioners to downsize
The Federal Government is seeking to address the issue of housing supply and affordability by giving pensioners more incentives to downsize.
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Stone Real Estate opens new franchise in Warner, Queensland
Real estate franchise network Stone is continuing to capitalise on the enormous growth potential in Queensland with a brand new office The Announcement: Stone Real Estate has announced its latest Queensland office, located in the Pine Rivers district of Warner, north-west of Central Brisbane. The office previously operated as family business Ward Real Estate, run by owners John and Sue…
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Nerida Conisbee: rent control isn’t the answer to the rental crisis
There are almost twice as many people under rental stress than those experiencing mortgage stress, with ‘stress’ defined as spending more than 30 per cent of household income on rental or mortgage payments. In the most recent Census of Population and Housing conducted in 2021, there were 915,000 households spending more than 30 per cent of their income on rental…
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Brighton penthouse smashes the suburb’s price record
A new designer penthouse in Melbourne has set a suburb price record by millions of dollars.
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Affordable suburbs you can invest in now across Australia
Despite the recent boom in property prices across the country, there are still plenty of affordable options in our major capital cities according to an expert.
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Cash rate rises for the fifth month in a row
The Reserve Bank of Australia (RBA) lifted the cash rate 50 basis points today and at the same time forewarned homeowners further increases were coming.
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CBA cuts variable rates again for new customers
The big banks continue to cut their variable rates for new customers, in a bid to win more business.
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“Rough” conditions for renters continue in August
Pressure on renters continued last month, with vacancy rates for apartments and houses at extremely low levels while asking rents kept rising.
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REIA launches campaign to axe stamp duty
The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves has launched a new national and multi-year campaign with a clear objective: the phase out of stamp duty.
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Queensland land tax will exacerbate the state’s rental crisis
The Real Estate Institute of Queensland has called on the State Government to repeal its “illogical” land tax regime or risk worsening the rental crisis and stymying investment in the state.
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Professional sportspeople turned real estate professionals at Knight Frank
Several professional sportspeople have joined Knight Frank this year with a mutually beneficial relationship established between the recruits and the commercial property consultancy.
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Where are our most international suburbs?
The results of the 2021 Census have now been released and with it, a fascinating look at the diverse demographics of Australia. While most new arrivals to Australia come to Sydney first, it’s not then possible to easily find out where they decide to settle. The Census provides us with a deeper understanding into settlement patterns around the country. And…
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RBA has “little choice” but to hike rates in September
he Reserve Bank of Australia appears set to hike the official cash rate at the September meeting with consistently high inflation leaving them with “little choice”.
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Slight drop in auction volumes sees clearance rate rise
After rising over recent weeks, auction volumes dipped almost 10 per cent this week, with 1814 homes going under the hammer across the combined capitals.
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New state CEO for Harcourts Western Australia
Shane Kempton with bring a special set of skills to his new role, which include working on mindset and mental conditioning, empowering people to become more internally driven, fulfilled and capable of handling any ritual external to them. The Announcement: Shane Kempton has been announced as the new State CEO of Harcourts Western Australia. “It’s great to welcome him back into blue,”…
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New RE/MAX hot air balloon to fly Sunshine Coast skies
The hot air balloon is an initiative of the Sunshine Coast’s three RE/MAX real estate businesses – RE/MAX First in Caloundra, RE/MAX Property Sales in Nambour and RE/MAX Hinterland in Maleny. The Announcement: Heralding in spring in Queensland, Sunshine Coast Ballooning and RE/MAX Australia introduced the Sunshine Coast RE/MAX hot air balloon with a live radio broadcast from Sunshine Coast Stadium on…
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Perth property prices a mixed bag in August
Despite Perth property prices officially falling in August, 56 suburbs were able to buck the trend.
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Regional reversal taking place as people move back to the cities
After a record few years for regional property prices, values have started to decline as regional migration begins to stall.
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Housing loan commitments fall in July
The impact of consecutive interest rate rises has caused owner-occupiers and investors to shy away from the property sector, with the value of new loan commitments falling 8.5 per cent in July.
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