INDUSTRY NEWS
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Helping Indigenous tenants achieve a successful tenancy
The implementation of local Indigenous staff and creating connections with health and community services can help indigenous Australians have more successful tenancies, new research has found.
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The ‘mass devastation’ in Lismore revealed
In Lismore, Ray White’s office was among the businesses inundated with flood water, but principal Neil Scott’s focus isn’t on the personal impact. His thoughts are firmly with his community. Video courtesy of Ray White. Widely considered ground zero of the recent flood event, Lismore endured unprecedented levels of flooding throughout the township. In a video from the front of…
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Housing affordability stretching homeowners to the limit
It’s tougher than ever to afford a home with new data showing the proportion of income needed to pay off a mortgage has risen to 37 per cent.
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Place Estate Agents open around the clock with Propic AI
Queensland's Place Estate Agents has joined forces with Australian real estate PropTech innovator, Propic, to use its Artificial Intelligence (AI) technology to respond to sales and rental inquiries in the hot Brisbane market 24/7.
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Listings surge in busiest start to the year in almost a decade
Listing volumes across the country have surged, providing buyers relief from previously tight stock levels.
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Housing affordability stress ahead of the federal election
A social housing campaign group has called on the Federal Government to tackle Australia's growing affordable housing crisis, with a poll in the swing seat of Longman showing almost two-thirds of residents believe affording to buy or rent is excessively difficult.
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Saving a tenant’s life is all in a day’s work
When PRD Northern Rivers Principal Rob Horder got up on Sunday, February 27, he never imagined he’d finish the day with his office underwater.
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Nerida Conisbee: Challenges ahead but market will recover from floods
The threat of natural disasters is unlikely to change the locations where Australians want to live, with Ray White’s chief economist highlighting the bush and the coast would remain desirable.
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Sydney’s best performing suburbs doubled in value in 2021
Sydney house prices saw record gains in 2021 with certain suburbs doubling in value in 12 months according to new research.
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Call for property owners to release rental properties to help flood victims
REIQ and Q Shelter are urgently calling on Queensland property owners to turn their holiday rentals and vacant properties into long term rentals to help homeless flood victims.
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Russian-Ukraine crisis to hit housing affordability
The conflict between Russia and Ukraine will hit Australians in the hip pocket which could weigh on housing affordability.
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Melbourne Real Estate empowers women with paid parental leave
Three soon-to-be first time mums at Melbourne Real Estate no longer have the added worry of budgeting on one income when they take maternity leave, with the agency introducing paid parental leave.
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Australia’s most affordable housing markets close to the CBD
South Australia and Western Australia have the most affordable suburbs close to their respective CBDs, according to new research.
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How floods impacted this week’s auctions
Just days after floods impacted both south east Queensland and New South Wales, the first set of property market data is in, with auction clearance rates and withdrawals offering an insight into the impact of the recent severe weather.
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Volume remains high, with almost 3000 properties taken to auction
Auction volumes fell slightly this week, with 2945 properties taken to auction across the combined capitals, resulting in a preliminary clearance rate of 72.7 per cent.
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The ideal indoor plant to purify air in your workspace
A study has found that houseplants have the capacity to remove 87 per cent of air toxins in 24 hours, giving them the ability to purify the air and brighten up any work-from-home space.
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Vacancy rates fall to lowest on record
National vacancy rates have hit their lowest point on record, falling to just 1.1 per cent in February.
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Byron Bay luxury property forecast to grow 35 per cent by 2027
The huge increase in demand for luxury homes by ultra-high-net-worth individuals (UHNWI) could see prices in Byron Bay continue to surge higher.
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REISA launches Future Leaders Taskforce
The Real Estate Institute of South Australia is looking to empower the next generation of real estate professionals with the launch of its new Future Leaders Taskforce.
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REIQ Salesperson of the Year switches to Market Buy
After almost 20 years in the real estate business, and an REIQ Salesperson of the Year award, Plum Real Estate’s Brett Andreassen has made the switch to the Market Buy platform.
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A four-point response plan to flooding crisis: McGrath Paddington
When it became evident clients of the McGrath Paddington, Wilston and New Farm offices would be among those directly impacted by rising flood waters, the real estate team quickly sprang into action.
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Real estate industry comes together to aid flood victims
There are many great things about Australia but perhaps one of the best is how, when the chips are down, people come together.
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REIQ and REINSW outline resources for agents and PMs in flood-affected areas
The Real Estate Institute of Queensland is calling on agents and property managers to familiarise themselves with the resources available as the flood clean-up in Queensland continues.
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Harcourts Ascot face floods along with clients
It took less than an hour for Harcourts Ascot to go from being one of the most stylish office’s in the group to being a meter under water.
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Investor loans hit a record high as affordability pressure mounts
Loans to investors jumped 6.1 per cent in January, showing “investors are backing the housing market”.
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Perth house prices still the most affordable in the country
While house prices have been rapidly rising across the country, Perth values haven’t kept pace with the East Coast.
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The digital difference: how Openn sale generated $58,000 more
Two properties on the same street, with almost identical sizes, layouts, and features sold using different sales methods, with one seller walking away with $58,000 more in their pocket than the other.
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Interest rates on hold as world watches war in Ukraine
The Reserve Bank of Australia is closely watching the war in Ukraine and has elected to keep interest rates on hold for now at 0.1 per cent.
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Sydney housing prices drop, Melbourne’s stall
Sydney housing values have fallen for the first time in 18 months, while Melbourne’s remain stalled, in the biggest sign yet the property market is levelling out.
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Ryan Serhant to launch a virtual world
Million Dollar Listing New York star and luxury agent Ryan Serhant has announced the launch of his virtual world, which is to be named UNIVERS.
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Australia facing a housing supply crunch
Australia could be facing a ‘concerning’ housing shortfall of 163,400 homes by 2032 leading to further affordability issues according to a new report.
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The street names that boast the highest prices
Grandview…The Esplanade…The Avenue…some street names just have a nice ring to them. And according to Ray White Chief Economist Nerida Conisbee, they command a higher price tag as a result.
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Experts tip cash rate to rise before end of 2022
More monetary policy experts are tipping an interest rate rise before the end of the year, despite not expecting the Reserve Bank of Australia to lift the cash rate tomorrow.
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Record profits for NZ homeowners
Price growth in New Zealand might be slowing, but homeowners still have plenty to be happy about with the booming housing market leading to 99.3 per cent of properties being resold at a profit
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Landlords missing out on an important tax deduction
Landlords could be missing out on some significant tax deductions over the lifetime of their investment properties, according to industry experts.
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