INDUSTRY NEWS
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Hangover from previous rental assistance could render new initiatives inadequate
REIACT has tentatively welcomed the announcement of rental assistance incentives for both residential and commercial tenancies.
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How has the current housing market coped with lockdown compared to 2020?
The past year saw remarkable levels of adaption in the real estate sector, according to CoreLogic. But are we coping better than 2020?
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First-home buyers flee as property prices continue to surge
First home buyer numbers have plummeted over July as the housing affordability crisis continues, according to REIA president Adrian Kelly
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Lockdown not a predictor of low national vacancy rates
While national vacancy rates remain steadily low in August, capital cities have seen varying rates that are not always congruent with their lockdown status, according to Domain.
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National home prices continue to rise but housing boom is slowly losing steam
Affordability constraints, rather than lockdowns, have slowed but not halted the rise in property values, according to the latest report from CoreLogic.
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Property inspections critical for the health of Victoria’s real estate sector
REIV has urged the Victorian Government to allow private one-on-one property inspections, as a part of lockdown measure changes expected to be announced this week.
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WA real estate’s best celebrated at 2021 reiwa.com Awards Ball
The Real Estate Institute of Western Australia has celebrated the state's top agents at the 2021 reiwa.com Awards Ball.
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20-year analysis shows housing affordability continues to decline but rental affordability stable
The Real Estate Institute of Australia (REIA) has crunched the numbers and found housing affordability has been on the decline for the past two decades.
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REIV labels Commercial Tenancy Relief Scheme ‘lop-sided’
The Real Estate Institute of Victoria has lashed out at the State Government, stating they have again ignored the plight of everyday mum and dad investors with the release of the renewed Commercial Tenancy Relief Scheme regulations.
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Melbourne withdrawals weigh heavily on auction clearance rate
Scheduled auction volumes might have increased this week, but with 64.3 per cent of all Melbourne auctions withdrawn, the preliminary clearance rate has slumped to its lowest level since late April last year.
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The ACT real estate industry can bring new properties to the market as restrictions ease
As of midnight, ACT agents can arrange a building inspection, EER reports and photography and videography.
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Regional housing affordability is deteriorating faster than capital cities
HIA has found the affordability of regional housing is deteriorating at a much faster rate than capital cities
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A new app provides support to real estate professionals struggling with mental health
Domain have partnered with Rise to create a free mental health resource designed especially for real estate professionals, called the Real Care App.
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The vexing issue of vaccination: How the real estate industry is tackling the issue
How should the real estate industry approach the issue of vaccination? We put the question to some of the country’s largest groups to see how they’re handling the vaccination debate.
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Rising home loan rates will cause more Australians to need financial assistance
Almost 150,000 Australian households would need financial assistance if home loan rates increased, according to new Finder research.
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NSW will allow property inspections as lockdown restrictions ease
Some NSW lockdown restrictions will ease on Monday, including allowing house inspections, as Health Minister Brad Hazzard has signed off on a change to the Public Health Order.
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REIV and Hutly now offer digital signature alternatives throughout Victoria
REIV and Hutly provided a non-contact alternative for signing official documents, releasing digital signatures on all VicForms documents
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Agents back Homely’s expansion into Tasmania
Industry-backed national real estate portal Homely has inspired Tasmanian agents and property managers to jump on board through its capacity to inspire business leads and build agents’ profiles. Its commitment to community building and ability to offer vendors a competitive advertising avenue are other driving forces behind the successful online real estate marketplace expanding into the Apple Isle on the…
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Where is the next Byron Bay?
Ray White chief economist Nerida Conisbee has analysed which beachside suburbs are about to see a Byron Bay-style boost in popularity.
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Westpac warns Australia’s housing market is losing momentum
Australia’s housing market has fallen into “tricky territory” amid lockdowns and the affordability crisis, says Westpac's Quarterly Housing Pulse
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Knight Frank buyer survey shows cities could be all the rage again
Knight Frank’s Global Buyer Survey has analysed the impact that Covid-19 has had on residential buyers’ attitudes to purchasing homes around the world.
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Record gains and very little pain for New Zealand property sellers
New Zealand home owners are pocketing a record level of gross profits from property resales as the country's real estate market defies last year's weak economic outlook.
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Westpac is the first major bank to cut their variable home loan rate to 1.99 per cent
Westpac has become the first big four bank to offer a variable home loan rate under 2 per cent, however the rate is only introductory.
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What current property market trends tell us about the future of Australian real estate
The Agency CEO Matt Lahood joked the property market's progress was "not bad at all", considering how many regions have been in lockdown.
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Withdrawals see clearance rate drop to lowest level since July 2020
This week saw the lowest preliminary clearance rate recorded since July last year, with only 63.3 per cent of the 1977 auctions scheduled for this week proving successful.
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REIACT and the Attorney General urge tenants and landlords in Canberra to work together in lockdown
REIACT supported Attorney General Shane Rattenbury' suggestion tenants and landlords in Canberra will have to work together amid lockdowns.
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Housing affordability expert warns millennials are likely to be trapped in the rent cycle forever
Housing ing affordability Ian Ugarte has warned young people not to "rely on the bank of mum and dad" when purchasing a home
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The Gold Coast recorded a year’s worth of new apartment sales in three months
Research commissioned by Colliers has shown the Gold Coast reached almost $800 million in new apartment sales in the first quarter of 2021.
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Lockdowns lead to lower seller confidence but buyers remain keen for more
The REA Insights Listings Report August 2021 analysed new listings in order to deduce the latest market supply trends.
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What could burst the Australian property market boom?
Ray White chief economist Nerida Conisbee has investigated whether anything could bring Australia's current property market growth to a halt.
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What does the Spring selling season look like for states in lockdown?
Less than two weeks out from the spring selling season of 2021, lockdown conditions are in place across the ACT, Greater Melbourne, NSW and NT.
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Pandemic and climate change to have lasting impact on the real estate industry
The pandemic and climate change are impacting so heavily on the nation that the real estate industry is poised for massive changes
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Real Estate Institute of Victoria partners with Hutly on enhanced digital signature platform
The Real Estate Institute of Victoria (REIV) and their digital partner Hutly are gearing up to release a notable enhancement to the Institute’s member-only VicForms platform next week with digital signatures becoming widely available across the state. REIV Membership Services Manager Matthew Griffin explained the most recent Delta outbreaks have only amplified the need for non-contact alternatives like digital signatures,…
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Herron Todd White: Property clock shows almost all markets in positive position
Most residential markets have remained in the rising-to-peaking sector of the national property clock, according to Herron Todd White's national property report for July.
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NSW Government $17 billion infrastructure plans for economic recovery
The NSW Government confirmed the approval of $17 billion worth of infrastructure, including thousands of new homes
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