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INDUSTRY NEWS
Aussie’s Spent $688 billion on property in 2021
Australians spent a whopping $688 billion in a home buying spree in 2021, which was an astounding 57 per cent more than the year before.
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INDUSTRY NEWS
ANZ scraps its most popular home loan
ANZ will scrap its most popular Breakfree package in a move that will impact 350,000 existing customers.
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SELLING + MARKETING PROPERTY
Kevin Chokshi: How to build a referral network
Kevin Chokshi moved to Australia from India as an 18-year-old to study IT, with two bags of clothes, $2000 in his pocket, no mobile phone and no connections.
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INDUSTRY NEWS
Mental health battles to force one in four property managers out
The pressures of the last two years have started to significantly impact the mental health of property managers across the country, with one in four now looking at leaving the industry.
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TECH + SOCIAL
Sam the robot is changing the way we view real estate
A German real estate agency is changing the way people view properties with the introduction of a robot shows buyers homes virtually.
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INDUSTRY NEWS
NSW and QLD driving demand for new housing
The home building boom is in full swing in NSW, with sales of new detached homes the second-highest on record over the past three months.
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Celebrity Homes
Gerry Harvey buys Black Bream Point for record price
Australian retail mogul, Gerry Harvey, has set a new real estate record in Narooma with the purchase of Black Bream Point located on the Wagonga Inlet.
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INDUSTRY NEWS
Harcourts Packham initiates partnership to tackle homelessness in SA
A former backpacker’s hostel in the heart of the Adelaide CBD has been transformed into short-term accommodation for South Australians experiencing or at risk of homelessness in a partnership that is a first for the state.
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INDUSTRY NEWS
Rents to skyrocket by thousands in 59 Australian suburbs
The cost of renting could jump $5000 in 59 suburbs across the country this year, as Australia sits on the cusp of the worst rental crisis in 230 years, according to Propertyology's Simon Pressley.
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Celebrity Homes
Inside Gwyneth Paltrow’s ‘forever home’
Movie star Gwyneth Paltrow might be known for her wellness-inspired brand Goop, however, if you’re expecting to find an array of Goop products in her home you’re going to be disappointed.
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INDUSTRY NEWS
Proposed NSW property tax changes labelled ‘nonsensical’
The Real Estate Institute of NSW has labelled the State Government’s proposed changes to stamp duty "nonsensical".
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INDUSTRY NEWS
Biggest January surge in new listings since 2014
Homeowners keen to sell have wasted no time putting their property on the market, with a 55.6 jump in capital city listings since December.
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INDUSTRY NEWS
Aussie house hunters view property listings at a record rate
Homebuyers are out in force to start 2022, with new data showing views on property listings surged 48.2 per cent in January, setting a new record.
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INDUSTRY NEWS
Melbourne land prices climb past $350,000 for first time
An average block of land in Melbourne will now set you back $355,000, with prices soaring to a record high at the end of 2021.
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COMMERCIAL
Demand for CBD office space defies pandemic predictions
Demand for CBD office space is continuing to defy expert predictions of a pandemic-induced office market collapse, according to the Property Council of Australia.
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Real Estate News
Top markets to watch for price growth in 2022
Price growth is set to accelerate in the family-friendly Melbourne suburb of Hallam and the Western Australia holiday hotspot of Broome, according to new analysis.
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INDUSTRY NEWS
Affordable, inner-city suburbs on top of buyers’ wish list
Buyers are ditching apartments and regional areas in favour of more affordable suburbs and inner-city markets, new data from NAB reveals.
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Real Estate News
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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Real Estate News
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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Real Estate News
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
Perth home values skyrocket as rental pressure eases
Perth property prices have skyrocketed in January, as rental market pressure eases
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Real Estate News
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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Celebrity Homes
Legend and Teigen list their NYC penthouse project
Celebrities John Legend and Chrissy Teigen have listed their New York City penthouse project for US$18 million.
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INDUSTRY NEWS
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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