Real Estate News
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New Zealanders spending half their income on mortgage repayments
Despite property prices easing across New Zealand, mortgage holders are still spending nearly half their income on repayments according to a new report.
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New Zealand AI firm ListAssist selected for Miami pitch battle
New Zealand AI company ListAssist has been selected to compete in the Innovation, Opportunity & Investment Summit’s Pitch Battle in Miami next week.
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Troubled Chinese developer Evergrande files for bankruptcy
Troubled Chinese developer Evergrande has filed for bankruptcy in the US as it attempts to work out an offshore debt restructuring plan for its $468 billion in liabilities.
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40,000 low-income earners able to access the government’s shared equity scheme
Up to 40,000 low-income earners will get additional government help to purchase a home under the new Help to Buy scheme.
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New listings on the rise, with more stock on the way
New listings are on the rise in Sydney and Melbourne, but the smaller capital cities could be about to see an influx of new stock according to new data.
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McGrath posts $6.2 million profit with 18 new offices
McGrath has posted a solid net profit after tax of $6.2 million for the 2022-2023 financial year, despite a tough property market, driven by historically low listings.
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Building industry says “yes we can” build 1.2 million homes
The building industry has thrown its support behind the Federal Government’s “ambitious” plans to build 1.2 million homes over five years to tackle the ongoing housing crisis.
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Further industry recognition for the award-winning McGill Group
Hot on the heels of taking out the award for Small Residential Agency of the Year in 2022, The McGill Group is celebrating further recognition, being named as finalists in five categories of the Real Estate Institute of Queensland Awards for Excellence in 2023.
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Richardson & Wrench Kellyville opens with top team
Richardson and Wrench has bolstered its network presence in Sydney’s Hills District, partnering with highly regarded property professionals Amit Shrestha, Joseph Supan and John Albertini to open a new office in Kellyville.
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Terase Davidson takes The Agency to Byron Bay
Terase Davidson feels a deep connection with Byron Bay.
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REA Group named as one of Australia’s Best Workplaces
Great Place to Work has named REA Group as Australia’s fifth Best Workplace for 2023 in the large company category, securing the group’s top five ranking for the third consecutive year.
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New listings on the rise in Sydney and Melbourne
New listings are rapidly rising across Sydney and Melbourne, setting up a busy spring for agents, according to a new report.
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Raising the bar: Gill Barr launches Barr Estate Agents with UrbanX
Fuelled by a commitment to her values and an overwhelming desire to run her business in a customer-centric manner, Gill Barr has embarked on a new journey, with the launch of her namesake Barr Estate Agents.
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Sydney’s vacancy rate tightens again putting more pressure on renters
Relief for Sydney tenants has been short-lived with new data showing the vacancy rate has fallen again in July.
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Domain profit dips but green shoots are appearing
Domain Chief Executive Officer Jason Pellegrino has labelled the Australian property market over the past six to nine months as the “most challenging” ever seen, with the group posting reduced revenue and profits.
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Businesses flee secondary office buildings
The flight to quality across the office sector continues to see businesses move towards higher quality spaces in a trend that is likely to continue.
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Western Australian regional towns record double-digit growth
Tight stock levels and heavy demand continue to put upward pressure on prices in most of Western Australia’s large regional centres, according to new data.
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Realtair expands to New Zealand
PropTech Realtair has kicked off the start of its international expansion program, moving into New Zealand this week.
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Industry applauds National Cabinet’s property reforms
A step in the right direction, game-changing, ambitious and sensible are just some of the terms real estate industry bodies have used to describe National Cabinet’s housing policies announced this week.
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More new homes and rent limits on the way
National Cabinet has supported a deal to build 1.2 million homes over five years from July 2024, with Prime Minister Anthony Albanese also rejecting the idea of a rent freeze but signalling rent limits are on the cards. Under the plan, an additional 200,000 homes will be built on top of the one million properties originally announced in the new…
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David ‘Kochie’ Koch joins Compare the Market
Former Sunrise host David Koch has issued a challenge to Australians to switch and save on a “big bill” every week for the next two months.
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Real estate group creates AI avatar to liaise with buyers
In an American first, a luxury real estate group in the US has created an AI avatar that buyers can liaise with to search for homes.
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New spring selling season campaign for realestate.com.au
Property search portal realestate.com.au, has launched its spring marketing campaign with a headline TV commercial (TVC) featuring celebrated Australian actor, Rodger Corser.
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High end regional property markets continue to struggle
Regional Australia’s housing market has declined over the past 12 months, with the high-end Covid hotspots continuing to lag more affordable locations.
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Stunning 3D-printed hotel to be created in Texas
Cutting-edge 3D printing technology will be used to create a stunning hotel in Texas that will feature never before seen architecture.
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The Block marketing campaigns launch on Domain
Buyers look set to fork out close to $3 million for the homes on season 19 of The Block, with the marketing campaigns going live on Domain this week.
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Falling land sales to add to housing pain
Despite the ongoing housing crisis and record levels of immigration increasing demand for homes, land sales have collapsed.
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The proportion of eco-friendly homes on the rise
The number of eco-friendly listings is on the rise, with more homes being both built and marketed with features like solar panels or water tanks according to new data.
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Apartments emerge as a top investment candidate
Strong demand for apartments has made units an enticing proposition for investors, with a host of locations likely to see rising prices in the next six months.
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Join Domain at RISE Thrive 2023 to embrace a holistic path to success
Later this month, RISE Thrive 2023 will take place at CENTREPIECE, Melbourne Park on Tuesday 29 August.
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US-based Compass is cash flow positive for the first time since going public
Compass, the largest real estate brokerage in the US, has posted a profit for the first time since going public and has increased its market share.
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Art the leading luxury investment, not real estate
Art has topped the list of best-performing luxury investment class ahead of other popular categories including watches, jewellery and coins.
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The common sense way to provide the ultimate buyer experience
When Jane Briscoe began the process of finding a new family home in Sydney’s North in early 2022, never could she have imagined just how much of her time would be devoted to the search.
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RE/MAX Australia’s RMX23 conference ignites inspiration for agents
Mindset coaches, futurists and real estate technicians gathered at RE/MAX Australia’s multi-day Conference, RMX23, recently to motivate and inspire the network's agents.
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Relief for Perth renters as vacancy rates rise
Perth renters might be starting to get some relief, with new data showing that vacancy rates have risen for the first time in six months.
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