INDUSTRY NEWS
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Fractional ownership of holiday homes comes to Australia
If you've ever wanted to own an overseas luxury home but wondered how you could afford it, a new company is helping Australians make that dream become a reality.
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Everything in the Federal Budget for real estate
Treasurer Jim Chalmers has delivered Labor’s first Budget in almost a decade, labelling it “a responsible budget that is right for the times and readies us for the future”.
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Is your agency’s cyber security up to par?
With seven major Australian companies falling victim to data breaches in recent weeks, Real Estate Institute of Australia President Hayden Groves has urged agencies to take a good, hard look at their cyber security.
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My Morris better serves the community through new brand creation
Through an extensive process, the team at My Morris underwent a transformation to launch their business under their own banner, thanks to some help from Identity Marketing.
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Sydney property prices have fallen 10 per cent since February
Property prices in Sydney continue to feel the effects of the downturn, with new data showing values have now declined 10.1 per cent from their peak, according to CoreLogic.
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Victorian Government provides $1.1 billion boost to shared equity scheme
The Victorian Government has announced a $1.1 billion expansion to its shared equity home buying scheme.
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Real estate’s wishlist for the Federal Budget
With the Treasurer readying to unveil a Federal Budget that’s expected to be heavily focused on the cost of living, the Real Estate Institute of Australia has outlined a wishlist of items it hopes to see included.
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Buyers need to weigh up the risk of falling property prices
Home buyers need to weigh up the risk of falling property prices as the Reserve Bank of Australia continues to raise interest rates according to an expert.
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Australian property companies the most sustainable in the world
Australian property companies have taken out top position for the 12th consecutive year, in the GRESB Real Estate Assessment ranking for sustainability.
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Auction volumes rise above the 2000 mark
Auction volumes have risen above the 2000 mark for just the third time since June but still remain well below the number of properties going under the hammer this time last year.
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Could property prices return to pre-Covid levels?
National property prices would need to fall 16.7 per cent for values to be back at pre-Covid levels according to CoreLogic.
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Investors eyeing off South East Queensland
South east Queensland is back on the radar for property investors after the State Government shelved land tax changes an expert has said.
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The Block’s Sharon and Ankur release exclusive virtual walkthrough of their stunning home
Stickybeaks and serious buyers alike can fully immerse themselves in House #3 from The Block with an exclusive virtual walkthrough just released by Sharon and Ankur on Domain.
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Metro property management setting the standard for Victorian landlords
Melbourne-based property managers Metro PM have tapped into technology designed to see properties tenanted faster and grow their rent roll.
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Renovate now, pay later adds thousands to properties sale price
A renovate now, pay later home preparation company is helping real estate agents and their vendors achieve hundreds of thousands of dollars above their initial appraisal price.
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Rising interest rates weigh on median home prices: HTW
The Reserve Bank of Australia’s sharp tightening cycle has started to see median home prices fall across the country, according to the latest Herron Todd White (HTW) Month in Review.
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Sunshine Coast Hinterland continues to see strong demand
After seeing a record level of demand over the COVID-era, the Sunshine Coast hinterland property market is still recording strong sales numbers as homebuyers continue to chase a better lifestyle.
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Property values fall in majority of house and unit markets
Almost 80 per cent of Australia’s house and unit markets are now in decline.
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Sellers increase marketing budget in face of tighter market
Vendors are willing to increase advertising budgets for their homes if they can delay payment of marketing costs until settlement, new figures from marketing finance provider CampaignAgent show.
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Sydney vacancy rate hits nine-year low
Finding a rental property in Sydney is getting increasingly difficult, with new data showing the rental vacancy rate has just hit a nine-year low.
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Spotting and selling an Endeavour Foundation “prize home”
RE/MAX First Caloundra principal Karl Rademeyer knows what it takes to spot a “prize home”, having sold three properties to charity the Endeavour Foundation as a part of their annual home lottery giveaway.
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How the floods impact insurance: FAQs answered!
Floods – sadly, many Australians and their properties are bearing the brunt of Mother Nature. This means an influx of inquiries are hitting agents.
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Melbourne’s median house price drops below $1 million
Melbourne house prices have slipped back under $1 million, creating an opportunity for buyers.
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Record low share of rentals below $400 per week
Tight rental markets are putting extra pressure on low-income renters as the share of rental properties listed below $400 per week has hit a record low.
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Top tips to clean up a flood damaged home
Television lifestyle presenter and Rochester resident Walt Collins has offered some critical tips on where to start a home cleanup after a flood.
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Renewable energy plants could boost property prices
Building renewable energy plants could help increase the value of nearby property prices, according to a new report.
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Agents rally in Victorian floods to help clients
Real estate agents across Victoria are counting the cost of the devastating floods that have gripped the state, with some still unclear on the exact amount of damage.
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Borrowers “scrambling” to refinance in record numbers
Rapidly rising interest rates and higher living costs are pushing record numbers of borrowers to refinance their home loans.
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Useful real estate links and articles for flood-affected regions
Articles and links, which are designed to assist real estate professionals before, during and after a natural disaster event.
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Financial relief for flood-affected communities
In the wake of this weekend’s widespread flooding across south eastern Australia, the Federal Government and Victorian State Government have announced financial relief is available for flood-affected communities.
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Capital city auction volumes fall 4 per cent
Capital city auction volumes fell 4 per cent this week, with 1742 homes going under the hammer to return a preliminary clearance rate of 61.4 per cent.
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REIQ says public landlord register is unjustified
As the Queensland Government prepares for an upcoming housing summit to address the state’s ongoing supply issue, a suggested public landlord register has been labelled ‘unjustified’ by the Real Estate Institute of Queensland.
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Joe White elected new REIWA President
REIWA has elected Joe White as the institute's new President, after serving two years as Deputy President.
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Rents hit record highs again as units outpace houses
Rents have hit record highs across the country again, with unit rents rising much faster than houses.
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New Propic AI seeks to generate more leads and save agents time
PropTech innovator, Propic has reinvented its Artificial Intelligence technology, with a trio of revamped products aimed at meeting real estate consumers’ demands for 24/7 service, giving agents more time in their day and generating leads with outbound prospecting.
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