Real Estate News
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Perth woman buys virtual penthouse in the metaverse
A Perth woman recently dropped a bit more than $1000 on a virtual penthouse in a metaverse that hasn’t even launched yet. Retired school teacher, Christie, told ABC News she bought the piece of virtual real estate in the Uphoria metaverse, which, according to a promotional video on YouTube, features towering skyscrapers, restaurants, fountains, sports centres, hotels and even a…
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REIA calls for homebuyer help and the creation of property jobs
The Real Estate Institute of Australia (REIA) President Hayden Groves
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CBA lifts fixed home loans 0.2 per cent
The Commonwealth Bank has increased interest rates on its fixed home loans by as much as 0.20 per cent.
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Agent sells 236 properties in one year via Market Buy
A top-performing Queensland agent has set a personal record, selling 236 properties in the past 12 months, all via the Market Buy online offer management platform.
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Greens call for mandatory air conditioning in Victorian rental properties
Leader of The Victorian Greens, Samantha Ratnam has called on the State Government to amend the minimum standards for rental properties to include air conditioning.
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New listings still won’t meet demand in NSW
A flood of new listings set to come to market this month will not be enough to make a tangible impact on undersupply in New South Wales.
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Former LJ Hooker CEO joins RESO
Former Chief Executive and Managing Director of LJ Hooker, Grant Harrod, has been appointed to the board at RESO as a non-executive director.
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How to have your best year ever in 2022
Agents looking to list more properties, sell more homes and “power up” to achieve their best year in 2022 will find the blueprint to do just that in a new virtual training event with top coach Sherrie Storor.
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More than 1 million households have never had an RBA rate rise
After more than a decade of easy monetary policy from the RBA, new data shows that over 1.1 million households in Australia have never experienced an interest rate rise.
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Can you help Jamie find Denis a new home?
A Gold Coast property manager is going above and beyond the call of duty to help an elderly tenant find a new home as his landlords can no longer offer him low rental rates.
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Top sales agents back new recruitment campaign
REA Group Chief Customer Officer, Kul Singh
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Perth home values skyrocket as rental pressure eases
Perth property prices have skyrocketed in January, as rental market pressure eases
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Leading Central Coast agents launch family business
A focus on providing an exceptional client experience is what motivated four central coast leading agents to launch their own boutique family business, Empire Property Co, powered by UrbanX. With over 55 years of combined experience, family members and top-performing agents, Jason Easton, Tatum Easton, Susan Svenson, and Josh Svenson took the leap to launch their own business, bringing an…
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Sydney city and coastal living now ‘overpriced’ in NSW
NSW coastal hotspots such as the celebrity playground of Byron Bay have been listed as overpriced, while regional towns such as Albury-Wodonga and Wagga continue to offer good value, according to new research. Analysis from InvestorKit Founder, Arjun Paliwal, found NSW’s most populated coastal towns, including Newcastle, Wollongong, Shoalhaven, Port Macquarie and Byron Bay, to be the most unaffordable locations…
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Inflation came sooner than expected, but RBA keeps rates on hold
Inflation has picked up faster than the Reserve Bank of Australia expected, but the board still elected to keep interest rates on hold at a historic low of 0.1 per cent today. At the bank’s first meeting of the year, the board did elect to stop further bond buying, with its final purchases to be made on 10 February. In…
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Homebuyers could see borrowing power slashed by $169,000
A typical couple could lose as much as $169,000 in borrowing capacity if the RBA hikes interest rates to 1.75 per cent according to new research.
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Property values start 2022 on the up
The typical Australian home is now worth $131,236 more than it was a year ago with values climbing in January, albeit at a much slower rate than the astronomical surge witnessed in 2021.
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Openn data highlights a market with sustained buyer competition
Online property sales platform Openn has taken a deep dive into their data for the final months of 2021, noting although buyer demand eased slightly in the December quarter there was still sustained competition.
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The real estate industry to focus on people and sustainability in 2022
After a year that saw both record house price growth and tough conditions, the industry needs to continue to focus on people and sustainability
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More than half of economists predict a rate rise in 2022
A new survey has found that interest rates could be on the rise with 58 per cent of economists expecting the RBA to hike rates in 2022.
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New realestate.com.au marketing campaign hits home
Australia's passion for property continues into 2022 with 12.6 million Australians visiting realestate.com.au each month on their search for their next property to call home.
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The Agency records robust financial results
The Agency has revealed improved financial and operational results for the first half of the 2021-22 financial year as it continues to grow across five states and territories.
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Auction volumes and clearance rate on the rise
Auction volumes increased 166.1 per cent this week, with CoreLogic reporting 1160 properties were taken to auction in the combined capitals, resulting in a preliminary clearance rate of 74.1 per cent.
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New research reveals Australia’s cheapest rental market
Adelaide is the cheapest rental market in the country where renters will need to pay just $447 per week.
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Foreign buyer purchases in decline, sales on the up
The latest data from the Australian Government indicates foreign buyer purchase volume dropped 19.5 per cent in 2019-20, while sales volume increased 66.4 per cent in the same period.
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Hobart to lead national price growth in 2022
2022 looks set to be another strong year for property prices with Hobart set to be the standout performer.
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Victoria home to the most tenant-friendly locations
The Melbourne fringe suburb of Hoppers Crossing has been named Australia's most 'tenant-friendly' for its close proximity to the CBD, low rent rates and mix of amenities.
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Soaring prices makes Port Hedland the best in the west
Port Hedland was the top-performing region in Western Australia in 2021, with house prices increasing 44.7 per cent.
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No relief for Queensland’s excessively tight rental market
egions remaining much tighter than what the Real Estate Institute of Queensland (REIQ) classifies as 'healthy'.
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Northern Territory property prices on the rise
The Northern Territory unit market is going from strength to strength new data reveals.
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Australia’s median house price soars past $1 million
Australia's median house price has hit a record high, soaring above $1 million according to new data.
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Auction action: Brisbane agent to hold 15 auctions on one weekend
A Brisbane agent looking to make the most of tight stock levels and an excess of buyers is taking the unusual step of running 15 auctions on one weekend.
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Pretty Woman star Richard Gere selling mansion for $28 million
Hollywood star, Richard Gere has listed his 50-acre, upstate New York mansion known as Pound Ridge for sale for an impressive $28 million.
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Covid-era startup records $1.43 billion of sales in 2021
After a year of growth and finishing 2021 with over $1.43B in sales, UrbanX has come a long way in a short amount of time.
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Luke Evans joins The Agency
The Agency welcomes experienced performance and sales coach Luke Evans to the team as General Manager of Sales, NSW and ACT.
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