INDUSTRY NEWS
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The pitfalls of buying and selling a rent roll
Buying a rent roll can be risky, but only if you don’t have all the necessary information before making your decision, according to O*NO Legal founder Kristen Porter.
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Busiest winter for new listings in five years
Listings are beginning to pick up across the country, ahead of the typically busy spring season.
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Sydney’s Annandale Abbey back on the market for $15 million
One of Australia’s finest heritage homes, Annandale Abbey, is back on the market for $15 million.
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Andreessen Horowitz officially invests in real estate startup Flow
Venture capital firm Andreessen Horowitz has officially taken a stake in Flow, the real estate startup founded by WeWork’s Adam Neumann.
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AI tech that assists agents in qualifying buyers
Buyer management is in the spotlight as the needle shifts on buyers this Spring selling season. The common way of qualifying buyers, via phone call, is working, but is it scalable?
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Sydney’s top-performing suburbs over the past year
Despite property prices trending lower across Sydney, there are still a number of suburbs that continue to perform strongly according to new analysis.
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REIA: housing affordability drops further
Housing affordability has continued to drop with the proportion of income needed to meet mortgage and rent payments rising in the June quarter.
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Brisbane’s rental crisis putting vulnerable renters at risk
The rental crisis in Brisbane is leaving many vulnerable and low-income earners at risk of homelessness according to an expert.
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Big banks increase mortgage rates again
All four major banks have passed on the full 50 basis point interest rate increase, while once again savers have missed out.
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Fixed-rate mortgage bomb set to go off
Thousands of borrowers on fixed-interest home loans are facing an interest rate “cliff” and could be plunged into mortgage stress by the end of the year.
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$8 million double apartment sale in The Horizon breaks records
A double apartment in Sydney’s The Horizon tower has sold for a record-setting $8 million.
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Cloudstaff launches dedicated property division for the Australian market
Cloudstaff, the Australian-headquartered remote staffing platform, has announced the launch of a dedicated division to service the Australian real estate market.
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Auction volumes increase with a bumper week tipped to come
Auction volumes inched higher this week as spring selling season hits its stride, with CoreLogic predicting next week could see the busiest auction week since June this year.
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Trading up is getting easier in New Zealand
Upgrading your home is gradually getting easier across New Zealand, with new data showing the premium to trade-up is on the decline.
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Risky lending falls as tough APRA rules kick in
The value of risky mortgages continues to fall after tough new rules from the Australian Prudential Regulation Authority (APRA) start to take hold.
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A unique spring selling season on the horizon
Despite the arrival of the spring season, sales activity is expected to be a little different this year as mortgage rates, weak consumer sentiment and stretched household budgets begin to bite.
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Mortgage anxiety rises as the RBA continues to hike the cash rate
Rapidly rising mortgage rates could leave borrowers in serious financial trouble with new research finding two-thirds of homeowners may default as a result of the increased cash rate.
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Season 3 of Luxe Listings Sydney promises to be the biggest and best yet
When Monika Tu was invited to join the inaugural season of the hit Amazon Prime TV show Luxe Listings Sydney she initially said no.
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Government flags incentives for pensioners to downsize
The Federal Government is seeking to address the issue of housing supply and affordability by giving pensioners more incentives to downsize.
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Nerida Conisbee: rent control isn’t the answer to the rental crisis
There are almost twice as many people under rental stress than those experiencing mortgage stress, with ‘stress’ defined as spending more than 30 per cent of household income on rental or mortgage payments. In the most recent Census of Population and Housing conducted in 2021, there were 915,000 households spending more than 30 per cent of their income on rental…
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Brighton penthouse smashes the suburb’s price record
A new designer penthouse in Melbourne has set a suburb price record by millions of dollars.
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Affordable suburbs you can invest in now across Australia
Despite the recent boom in property prices across the country, there are still plenty of affordable options in our major capital cities according to an expert.
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Cash rate rises for the fifth month in a row
The Reserve Bank of Australia (RBA) lifted the cash rate 50 basis points today and at the same time forewarned homeowners further increases were coming.
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CBA cuts variable rates again for new customers
The big banks continue to cut their variable rates for new customers, in a bid to win more business.
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“Rough” conditions for renters continue in August
Pressure on renters continued last month, with vacancy rates for apartments and houses at extremely low levels while asking rents kept rising.
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Queensland land tax will exacerbate the state’s rental crisis
The Real Estate Institute of Queensland has called on the State Government to repeal its “illogical” land tax regime or risk worsening the rental crisis and stymying investment in the state.
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Where are our most international suburbs?
The results of the 2021 Census have now been released and with it, a fascinating look at the diverse demographics of Australia. While most new arrivals to Australia come to Sydney first, it’s not then possible to easily find out where they decide to settle. The Census provides us with a deeper understanding into settlement patterns around the country. And…
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RBA has “little choice” but to hike rates in September
he Reserve Bank of Australia appears set to hike the official cash rate at the September meeting with consistently high inflation leaving them with “little choice”.
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Slight drop in auction volumes sees clearance rate rise
After rising over recent weeks, auction volumes dipped almost 10 per cent this week, with 1814 homes going under the hammer across the combined capitals.
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Perth property prices a mixed bag in August
Despite Perth property prices officially falling in August, 56 suburbs were able to buck the trend.
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Regional reversal taking place as people move back to the cities
After a record few years for regional property prices, values have started to decline as regional migration begins to stall.
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Housing loan commitments fall in July
The impact of consecutive interest rate rises has caused owner-occupiers and investors to shy away from the property sector, with the value of new loan commitments falling 8.5 per cent in July.
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Auctions surge as spring selling season gets underway
Auction activity is set to jump this weekend as the spring selling season sees a flurry of vendors looking to capitalise on record property prices.
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Explore Property embraces strengths at its “best Exploration Day yet”
The Explore Property network held its annual conference Exploration Day in Brisbane on August 25.
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Family bonds make a winning team at Hutton & Hutton
Maintaining boundaries between work and home life can be a challenge in a demanding environment like real estate.
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