Real Estate News
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First home buyers saving deposits faster
First home buyers are saving almost $200 more per month than they were last year but it still takes more than eight years to gather enough for a deposit.
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Why a lower cash rate likely equals lower rents
With the cash rate still expected to peak this year, tenants are likely also in for a reprieve, with a property market expert explaining rent values usually move in line with interest rates.
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National Property Manager’s Day: Celebrating ‘the heart of every agency’
Kirsten Williams and Maree Chisnall have been named the Australian and New Zealand winners of MRI Software’s 1:1 Leadership Coaching Package to mark National Property Manager’s Day celebrated in Australia on Friday, July 21 and Wednesday, July 19 in New Zealand.
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Martin Millard and Rochelle Adgo join Ray White
Ray White has secured two big names in real estate, with Martin Millard and Rochelle Adgo joining the network.
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Are international students behind Australia’s housing crisis?
International students could absorb 70 per cent of the new homes built in Australia between now and 2028, a new study has revealed.
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Offices sales top industrial for most transacted
After the huge interest in industrial assets in recent years, the trend is now starting to normalise with sales of office assets overtaking industrial.
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South Australia set to ban no-cause evictions under new rental changes
South Australia is set to be the next state to reform its rental laws, with tenants to be protected from no-cause evictions under the proposed changes.
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No Commonwealth Games, but more social housing
The Victorian Government has committed to spending $1 billion on more than 1300 social housing homes across the state as a result of pulling out of hosting the 2026 Commonwealth Games.
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Fast-track your real estate license with Entry Education
You're already a seasoned real estate agent, but you're ready to take your career to the next level.
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Trend towards lifestyle locations set to continue
Queensland and Western Australia are set to be the big winners as people continue to flee the big cities and seek out affordable lifestyle locations.
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Unit prices surge across Melbourne
Unit prices in Melbourne have bounced back strongly, with some suburbs seeing quarterly growth as high as 25 per cent, according to the Real Estate Institute of Victoria (REIV).
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An “extended pause” on the cards for interest rates
The ANZ bank has predicted the Reserve Bank of Australia will keep interest rates steady in an "extended pause" next month.
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Queensland Government reviewing new rental laws to stop landlords skirting rent rise rules
The Queensland Government is reassessing regulations curbing rent increases in light of allegations suggesting property owners are exploiting loopholes to bypass the recently introduced rental caps.
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Queensland tenants forget millions in bond money
More than 110,000 Queensland tenants have forgotten to reclaim a collective $52 million in rental bonds, according to the state’s residential authority.
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Homeowners forced to work 3.6 weeks per month just to pay their mortgage
If it feels like you’re working all week long just to end up with nothing to show for it, then you might be right, with new data showing a single-income household spends 3.6 weeks, on average, working each month just to pay the mortgage.
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New housing construction continues to decline but costs are easing
Despite record demand for homes, the latest ABS construction data shows the pipeline of new homes continues to slow, with building starts down 16.4 per cent compared to last year.
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Michele Bullock named new RBA Governor
Reserve Bank of Australia Governor Philip Lowe will step down at the end of his term in September, with Michele Bullock moving into the top job.
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Gold Coast real estate agency ordered to compensate tenants for property maintenance issues
A Gold Coast real estate agency has been instructed to pay substantial compensation to tenants of a prestigious rental property due to its failure to address multiple maintenance issues, including water damage and electrical faults.
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New listings rise in some capitals but down nationally
New listings and total listings may be down at a national level, but some capital cities recorded a rise in fresh properties coming to market in June, new analysis shows.
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Commercial sales drop as interest rates bite
Higher interest rates have hit commercial property hard, with sales activity down 37.6 per cent on last financial year.
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REA Group delivers data-enriched buyer leads to MRI Software real estate agency clients with new CRM integration
REA Group has launched a new residential agency CRM integration feature that helps agents nurture leads by providing insight into buyers’ readiness to purchase a home.
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Former Fairfax family estate hits the market for $12 million
A stunning country estate that was built for media mogul John Fairfax's grandson, has hit the market with an asking price of $12 million.
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Victorian investors are selling up over costly land tax
Stockdale & Leggo agencies across Victoria have reported a large number of mum and dad investors selling up ahead of the state’s new land tax coming into effect next year.
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Perth’s growing population to support property market prices
Perth’s property market has managed to defy 12 interest rate hikes and remain resilient, with strong population growth likely to continue the trend.
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NSW Government appoints first rental commissioner
The NSW Government has appointed its first-ever rental commissioner in a role it has termed will be a “voice for renters”.
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Easing rental market, but rising rents loom nationwide
Rental market conditions have eased the most since November 2020, but weekly rents are expected to continue rising.
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REA Group acquires 100 per cent ownership of CampaignAgent
REA Group has acquired full ownership of CampaignAgent, a leading fintech company specialising in property vendor funding solutions.
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NAB lowers refinancing stress test for select borrowers
NAB has joined CBA and Westpac in lowering the stress test on selected refinance applications for borrowers who do not pass the bank’s standard serviceability test.
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NSW Government’s Rental Fairness Bill could worsen the housing crisis
The NSW Government’s proposed Rental Fairness Bill is anything but fair according to real estate experts who fear it will only make the state’s housing crisis worse.
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Ray White launches RWC Retail
The Ray White Group has announced the launch of RWC Retail, with the new business, aiming to provide a dedicated team for the sale of retail property across Australia.
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Domain partners with Broadsheet on Domain Review magazine
Domain is pleased to announce a partnership between Domain Review Magazine and Broadsheet.
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Connected Agency’s extraordinary 100-day transformation
Ask Canberra agents Joel Beard and Stephanie Attneave what they’ve loved most about their first 100 days with the Agents’Agency and the pair reply it’s the ability to tap into the insight of a network of highly experienced agents.
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Surging demand meets limited stock: capital city clearance rates rebound
The demand is there but limited stock has seen the combined capitals auction clearance rate hit a five-week high at a time when it traditionally plateaus.
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Four amazing tips you need to know from Elite Retreat 2023
Adaptability is the new competitive advantage, building a community around your business, developing a positive workplace culture and using AI to grow your business without growing your costs, were just some of the main themes to come from Elite Retreat 2023.
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Rents continue to rise, but growth is slowing
Record immigration and tight supply have seen rents across the country continue to rise, however, some cities are now starting to see rents fall as a multispeed market begins to develop.
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