Real Estate News
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Dwelling approvals rise as timber shortages ease
Dwelling approvals jumped 8.2 per cent in December according to new data, with imported timber helping to ease supply chain issues and delays building a record number of approved homes.
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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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Hudson McHugh partners with Raine and Horne Summer Hill
Inner west agency Hudson McHugh has partnered with Raine and Horne Summer Hill
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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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LJ Hooker Group appoints new Head of Marketing
James Boulton has joined the LJ Hooker Group as Head of Marketing, bringing more than a decade’s international and local real estate marketing experience to the role. The Announcement: Following an international search, LJ Hooker Group today announced the appointment of James Boulton to the new role of Head of Marketing for its house of brands. Mr Boulton, who brings…
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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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Big Brother star joins Ray White Pakenham team
One of the top contestants in the 2020 Big Brother house, Sarah McDougal has joined Ray White as Gavin Staindl’s personal assistant. The Announcement: After a successful run on season 12 of Big Brother Australia, pocket-rocket Sarah McDougal has joined the Ray White Pakenham team. At just 21 years old, standing 4’11”, Sarah is making a big impact working alongside…
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Sarah Street joins the team at Highland
Sarah Street has been appointed co-director of sales and leadership, working alongside Highland’s industry veterans to facilitate the continued growth and development of the evolving team. The Announcement: Sydney real estate icon Highland has appointed locally renowned businesswoman Sarah Street as Co-director of Sales and Leadership, as part of its continued strategic expansion into key growth areas across the…
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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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Belle Property Ryde launches property management division
Belle Property Ryde will launch a new property management division, building off its existing successful residential sales results. The Announcement: Belle Property Ryde today announced the launch of its new property management division, led by Lee Dangerfield. The new division marks a significant expansion of services for the office, building off its existing successful sales division. CEO of Belle Property,…
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Performance, Innovation and Customer Experience is front and centre for McGrath and its agents
Danny Grant has been appointed Head of Performance and Innovation for McGrath which will play a critical role in the success of high performing sales professionals. The Announcement: Leading residential agency McGrath Estate Agents today announced highly regarded sales agent, principal and trainer Danny Grant has been appointed as Head of Performance and Innovation for the group. Chris Mourd, Head…
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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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Hornsby: The new commercial real estate frontier
It’s affectionately known as Sydney’s green heart, thanks to its lush bushland and proximity to parks and nature reserves.
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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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