Real Estate News
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Investors urged to ‘stop chasing cash flow’ alone
With ever-rising interest rates along with cost of living pressures, investors are being warned to not focus just on cash flow and should look to locations that offer good capital growth opportunities.
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Australia’s rental crisis persists as rents jump again
There’s still no relief in sight for struggling tenants, with rents recording a two per cent rise over the past quarter, according to PropTrack.
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RBA issues a reprieve and holds interest rates
Borrowers are breathing a sigh of relief today after the Reserve Bank of Australia (RBA) decided to leave the official cash rate on hold at 4.1 per cent.
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Leading agent Taney Jain to established his own business
One of Australia’s top agents, Taney Jain has announced he’s departing Reliance Real Estate after nine years.
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Florida law bans some international buyers
Certain groups of foreigners will no longer be able to purchase property in Florida in the US after Governor Ron Desantis signed a new bill limiting foreign ownership.
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Property prices continue to defy rate hikes
National property prices keep on moving higher last month, despite the Reserve Bank of Australia (RBA) continuing to hike the cash rate.
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REA Group launches suite of AI-powered features
Popular real estate platform realestate.com.au has launched a suite of new AI-powered enhancements, including a Generative AI ChatGPT integration, for one of its most used features, ‘Suggested Properties’ on the platform’s home screen.
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Double your productivity without adding hours – with Elite Agent’s AI Powered Agent Workshop Series
Agents, property managers and leaders looking to supercharge their marketing and create content that effortlessly converts to customers, should sign up to Elite Agent’s full-day accelerated Artificial Intelligence workshops.
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Stone Real Estate joins forces with Propic to leverage leading Artificial Intelligence technology
Stone Real Estate has announced a game-changing partnership with Propic, a leading Australian real estate PropTech innovator.
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It now takes 15 years for house prices to double in value
The old saying that property prices double every 7-10 years, might need to be updated, with new data showing that it now takes 15 years for properties in Australia to double in value.
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Why L&M Property Co aren’t looking back
Three months after joining the Agents’Agency and launching L&M Property Co, Victorian agents Leman Djemal and Michael Abbas have nothing but rave reviews about their experience.
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ACT and WA likely to see an uptick in listings
The ACT and Western Australia are likely to see the largest percentage of vendors listing their homes for sale in the coming months according to CoreLogic.
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World’s coolest pools: a perfect blend of design and refreshment
In the scorching heat of summer, finding a pool that offers both respite and captivating design can be a real challenge. However, Architectural Digest has compiled a list of exceptional pools from around the globe, showcasing stunning creations that cater to both swimmers and design enthusiasts. These pools not only offer a refreshing escape but also boast impressive world records,…
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Sad day as :Different goes into voluntary administration
Australian PropTech company :Different has gone into voluntary administration, with KPMG set to sell the platform’s assets and intellectual property.
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South Australia bans rent bidding
The South Australian government has followed New South Wales’ lead and outlawed rent bidding in the hope it will help ease some pressure on the rental crisis.
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AI could potentially lead to white-collar “Rust Belt suburbs”
The rapid rise in AI is already changing the way white-collar workers operate and it has the potential to severely impact the price of real estate in certain suburbs according to an expert.
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News Corp unveils two new property magazines
Real estate development and new home news will be the feature of two new property-related magazines News Corp Australia will unveil this weekend.
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Victoria dominates most in-demand suburbs
The Victorian suburbs of Berwick and Melbourne are the two most in-demand suburbs in the nation, according to new PropTrack data.
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Scammers fleece agent out of $300,000
A WA real estate agent has lost $329,500 after scammers successfully stole $329,500 from a trust account last week.
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Short-term and loss-making resales on the rise
Some sellers could be incurring a loss in order to avoid high mortgage repayments, with new data showing the number of loss-making resales held under two years has spiked.
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The building inspection tips your vendors haven’t thought of
An Adelaide building inspections company has released a 12-step checklist for real estate agents and their vendors to prepare a home for sale, ensure they’re not caught out by ‘hidden’ building issues and help generate the best price possible.
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More branded residences coming to Australia
Australia could soon see more branded residences popping up, with developments featuring the likes of the Ritz-Carlton and Four Seasons brands predicted to grow across the country according to a new report.
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The hotel industry rebounds as tourism nears pre-COVID levels
The hotel sector is showing signs of a return to pre-COVID occupancy levels, while room rates are also forging ahead according to an expert.
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The majority of agents are complying with NSW rent bidding laws
The vast majority of agents in NSW are doing the right thing and complying with rental bidding laws according to NSW Fair Trading.
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Lisa Pennell appointed new CEO for Barry Plant
Lisa Pennell has been appointed chief executive officer of the Barry Plant Group just six months after joining the brand as its chief operating officer.
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RE/MAX Metro on the move
Changes are afoot at RE/MAX Metro, with the Sydney real estate office relocating to the Lower North Shore suburb of St Leonards and ownership transferring to experienced property leasing and management professional, Serena Tang.
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The fibs naughty renters tell their landlords
If you’ve ever told a fib to your landlord, then you’re not alone, with a new survey finding that 26 per cent of Australian renters have kept secrets from their landlord.
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Western Australia has the best property market conditions
Some of Australia’s smaller capital cities and their associated regional areas have the strongest property markets in the country according to new analysis.
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Fisherman Bay has Australia’s most serviceable mortgage repayments
Buyers looking for the most economical towns and suburbs where mortgage repayments are manageable should head to Fisherman Bay in regional South Australia.
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Profitability is the number one concern for agency bosses
Profitability has been named the biggest challenge in the real estate industry courtesy of falling transaction volumes, according to new analysis.
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States desperate for social housing as rough sleeping numbers spike
The government needs to build 6000 new social houses every year for the next decade to end homelessness according to a new report.
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Your chance to own a former theme park
The former Fantasy Glades theme park in Port Macquarie is up for sale with potential buyers able to relive their childhood adventures.
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Herron Todd White: $750,000 won’t buy you as much as it used to
The surge in property prices since 2020 has left many homebuyers out in the cold, with fewer options under $750,000 according to the latest Herron Todd White (HTW) Month in Review.
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REIA hits out at Greens over rental inquiry fiasco
The Real Estate Institute of Australia (REIA) has slammed the Greens over the party’s decision to block the House Australia Future Fund and call for an inquiry into the housing crisis.
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How Lou Colella is winning in Melbourne’s Bayside area
Just three months after striking out with a new brand and fresh approach to his business, Melbourne agent Lou Colella hasn’t looked back.
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