NEWS
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Rental bond subscription service to save tenants thousands and property managers time
A new subscription rental bond service has been launched that has the potential to save tenants thousands of dollars as well as ease the demands on property managers.
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Interest rates on hold as RBA says economic outlook remains ‘uncertain’
The Reserve Bank of Australia has opted to keep interest rates on hold at 4.35 per cent at its March meeting, highlighting that the economic outlook remains uncertain, despite a recent drop in inflation.
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NAR agrees to $418 million settlement in US commission case
The National Association of Realtors (NAR) has agreed to a US$418 million legal agreement that could see agent commissions in the US slashed.
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Penelope Rollston heads up First National Connect in New Zealand
First National Real Estate has opened a new office in Nelson, New Zealand with experienced principal Penelope Rollston to head up the new business.
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First National Real Estate appoints David Edwards as CEO
First National Real Estate has appointed former Forty Winks Chief Executive Officer, David Edwards as its new CEO as it looks to further grow its member-oriented network.
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Busy start to 2024 with new listings surging in February
Capital city activity surged with the busiest February for new listings on realestate.com.au in over a decade, according to the PropTrack Listings Report February 2024, released today.
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Interest rates to stay on hold despite drop in inflation
Despite lower than expected inflation, economists don’t expect the Reserve Bank of Australia to cut interest rate before September.
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WA Rent Relief Program pays out $1 million in three months
Struggling WA renters have received more than $1 million as part of the State Government’s Rent Relief Program.
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Richardson & Wrench scoop the pool at major awards night
Richardson & Wrench’s real estate network has swept the board in the 2024 RateMyAgent Awards, with its agents and offices across Australia winning more than 20 accolades for exceptional client service, standards, and satisfaction.
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Distressed listings fall in all capital cities
The number of distressed listings has fallen substantially over the past year, as mortgage holders weather the interest rate storm and look forward to potential cuts later this year.
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Buyers given chance to assess a home’s climate risk on property portal
A major US property portal has given buyers the ability to assess prospective property purchases according to how at risk they are for fire, flood and from extreme heat, air quality and wind.
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Vacancy rates drop again to a record low 1.07 per cent
The rental crisis is showing no signs of easing just yet, with new data finding that the national vacancy rate has fallen to a record low of 1.07 per cent.
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Council takes legal action on what could be the world’s worst home
A UK council has taken legal action against a homeowner with a derelict property where vegetation grows inside.
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Sail away to your own slice of paradise on Victor Island
If you’ve ever wanted to own an island in the Whitsundays, now is your chance with Victor Island officially on the market.
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National median house and unit prices continue to rise
National house prices have tipped over the $1 million mark after a strong quarter of growth right across the country.
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One-in-four eastern state homes paid for with cash
More than $120 billion worth of property was purchased in Australia’s eastern states with cash in 2023.
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Kylie Davis to guide REACH Australia 2024 cohort
PropTech expert Kylie Davis has been appointed as the Entrepreneur in Residence for the the REACH Australia and New Zealand program, to help this year’s cohort of startups build and grow their businesses.
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WA and Queensland renters in a world of pain
Western Australia and Queensland now lead the nation when it comes to rental hardship, according to the latest Rental Pain Index.
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First National Port Stephens resurrect the famous ‘Chopper Ball’ for charity
First National Port Stephens has relaunched the famous “Chopper Ball” and has raised $62,016 to help support the work of the Westpac Helicopter Service.
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What sellers want in a real estate agent
Today’s sellers want a real estate agent that will work hard to get the best outcome for them and who is confident they can achieve the best price.
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Japanese garden oasis for sale in the heart of Horsley Park
One of Australia’s most unique properties, featuring its own Japanese-style gardens, with pontoons and bridges has hit the market in Sydney.
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Four years later: How Covid changed housing trends
In the four years since the onset of Covid, the housing market has seen prices surge 32.5 per cent according to new analysis.
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Andre Agassi inspires Ready24 attendees to redefine success
More than 1000 real estate professionals packed Royal Randwick today for Ready24, eager to level up and further their careers by downloading knowledge from some of the best speakers from here and overseas.
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REA Group’s Ready24 raises $400,000 for charity
Ready24 has returned for another year, with the sold-out event set to raise over $400,000 for community organisations working to end homelessness.
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Modular construction and airspace development form part of plant to ease housing crisis
Building homes with more modular and prefab construction, along with using airspace over existing buildings for new development are among a nine-point plan the Property Council of Australia has announced to solve the nation’s housing crisis.
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High-income households rent more, low-income renters face greater stress
The number of high-income households who choose to rent is on the rise, while lower-income renters are under more financial stress than ever before.
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Tenants union calls for empty home levy in Tasmania
The Tenants Union of Tasmania has called for an empty home levy after discovering almost 1000 homes were left empty in the state last year.
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Median household incomes can only afford 39 per cent of rental properties
Rental affordability is at its worst level in almost two decades, with households earning a median income of about $111,000 able to afford to rent the smallest share of properties since 2008.
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A landlords’ burden: Expert calls to cut ‘regressive’ taxes
A prominent property market analyst and buyer’s agent has called for governments to slash “regressive taxes” such as capital gains tax, stamp duty and land tax.
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New housing lending continues to drop
The value of new housing lending fell in January for the second consecutive month, according to the latest ABS Lending Indicators.
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Auckland landlord ordered to pay huge fine for property unfit for humans
In a landmark Tenancy Tribunal decision, a West Auckland landlord has been fined NZ$69,563 (AUD$65,125.95) for serious violations of tenancy regulations.
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More Australian women own property than men but struggle with early entry
More Australian women own property than their male counterparts but are more likely to do so later in life, while affordability and investment are significant hurdles.
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Real estate employees to be awarded excess travel time
The Fair Work Commission (FWC) has clarified the way in which employees are to be paid for the excess time they spend travelling under the Real Estate Award.
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