INDUSTRY NEWS
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Perth property continues to grow in value in 2022
Perth has so far been able to buck the slowing property market in 2022, with 29 suburbs seeing double-digit growth.
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Are rent controls the right way to go?
Real estate bodies have labeled calls to freeze rents and cap increases out of touch with reality, fearing it could exacerbate the nation's rental shortage.
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The long-term trend in property prices is “undeniably upwards”
Despite weakness in home values as interest rates rise, new data suggests the trend over the past 30 years has clearly been upwards.
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World first real estate app launches with major global backing
How real estate is listed and sold is being revolutionised with the launch of global short-form video marketing app, Ten Sixty.
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Buyer demand is down ahead of the spring selling season
Buyer demand is slightly lower than average in many areas as the spring selling season approaches.
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Prospecting specialists K2X drive results for agents
Real estate agents know they need to be diligent in prospecting for clients if their business is to grow.
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Nerida Conisbee: it looks like we are in for a busy spring
A slowing housing market can create quite different environments when it comes to the number of properties for sale.
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Richardson & Wrench awards night worth the wait
Following a two-year, pandemic-induced hiatus, the Richardson & Wrench network has finally come together to celebrate a year of achievements in a glamorous night to remember.
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Queensland property prices begin to slow down
Queensland's rampant property price growth of the past few years has finally started to slow down.
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New Zealand the “canary in the coal mine” for Australian property
Australian homeowners can look to New Zealand’s property market as the “canary in the coal mine” to determine what kind of impact rate hikes might have on prices, according to experts.
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Auction activity lifts in lead up to spring selling season
With the official start to the spring selling season just days away, auction activity climbed above the 2000 mark for the first time in nine weeks.
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Hope for NZ home buyers as housing affordability reaches a “turning point”
Housing affordability across New Zealand has reached a “turning point” as falling house prices and growing wages start to benefit buyers.
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The Agency delivers double digit growth in FY22
A significant increase in the number of properties sold and gross commission income achieved has underpinned The Agency posting revenue of $72.7 million in the 2021-2022 financial year.
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Retail property still trying to recover: HTW
The retail sector has had a difficult few years and now faces the headwinds of high inflation according to the latest Herron Todd White (HTW) Month in Review.
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Vacant land sales activity continues to slow down: HTW
Vacant land sales continue to slow down across the country following a period of record high demand according to the latest Herron Todd White (HTW) Month in Review.
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Balanced approach builds healthy outcomes
Switching off after hours in a demanding profession like real estate can be tough.
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Current US housing downturn not like pre-GFC
The current downturn in the US housing market might not be as severe as the 2007-2008 crash that led to the Global Financial Crisis.
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TRG names a new director for the Woollahra office
Another new face is walking the floors at The Rubinstein Group, with Eastern Suburbs specialist Mark Lowe named as director of the group’s Woollahra office.
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Is now a good time to buy a property?
Despite falling home prices and the prospect of a higher cash rate, now might still be the right time to buy, according to an expert.
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The fastest-selling suburbs across the country
Camden, in Sydney's southwest, is the nation's fastest-selling suburb, with three-bedroom houses snapped up after an average 14 days on market.
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Australian innovator branches out in US
Australian real estate office outsourcing specialist Property Management Virtual Assistant is expanding its operations into the United States.
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Mortgage anxiety looming for Aussie homeowners
Australian homeowners are hurtling towards mortgage anxiety, with new research revealing more than 75 per cent of people were unsure how cash rate increases would impact their household budget. The data, from financial services group Aussie, shows 28 per cent of Australian mortgage holders did not consider the cash rate would increase at all when they budgeted for their home…
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Real estate developer builds voice-activated homes in Ghana
A real estate developer in Ghana has taken on the task of building a community of futuristic homes to help enhance the local neighbourhood.
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Property upswings trump downturns over the past 30 years
Upswings in Australian property have been larger and longer than the subsequent downturns where prices slightly decline or just flatline according to new research.
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One in five ACT landlords plan to sell if rental changes come in
Proposed changes to the Residential Tenancies Act in the ACT could lead to one in five investors selling their rental property.
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China crisis wipes out $90 billion from developers
Chinese property developers have seen the value of their stocks fall by US$90 billion as the China crisis worsens.
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Rent.com.au launches single-tap build-to-rent search functionality
Build-to-rent is set to revolutionise renting in Australia and Rent.com.au is the first portal to build a single-tap search filter to help renters locate and apply for the new developments.
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Offshore apartment buyers are on their way back
It has been a slow few years for offshore buyer activity in Australia.
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WeWork founder looking to take on housing availability
Founder of shared office space provider, WeWork, Adam Neumann is looking to take on the issue of housing affordability in the US with a new startup.
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Home builders to weather the interest rate storm
Home builders are well positioned to handle higher interest rates, believing the events of the past two years have been more difficult to contend with.
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The value of new loans fell 4.4 per cent in June
The value of new home loans across Australia has fallen 4.4 per cent last month, continuing to soften from the peak of $33.2 billion in January.
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Preliminary clearance rate holds above 60 per cent
The preliminary clearance rate has held above 60 per cent for the second consecutive week, despite an uptick in the volume of auctions.
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TRG names new Commercial Director as the group embraces expansion
Within two months of announcing its plans for expansion, The Rubinstein Group has named Jake Fahd as the director of its new commercial division.
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John Minns reinstated as NSW Property Services Commissioner
In a surprise move from the NSW Government, John Minns has been reinstated as Property Services Commissioner just weeks after it announced he would be replaced with an independent statutory Property Services Commissioner.
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Regional prestige lifestyle areas the first to show weakness
Rampant house price growth in regional lifestyle areas, previously fuelled by Covid lockdowns, has started to turn, with the prestige market falling first.
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