Industry News

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  • Photo of Australasia’s top independent agents named

    Australasia’s top independent agents named

    The region's top performing independent agencies and individuals have come together for the 14th annual Australasian Real Estate Results Awards (ARERAs). Hosted by industry coaching and training body Real Estate Results Network (RERN), this year’s ARERAs were more hotly contested than ever, with a large number of nominations received from across Australia and New Zealand.…

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  • Photo of Property start-up to deliver sale success

    Property start-up to deliver sale success

    Australian property start-up Brickfloor is eliminating home selling stress by providing a Home Price Guarantee for sellers. Working alongside leading real estate agencies, including Marshall White, and acting as an insurance policy for home sellers, the Home Price Guarantee product sees Brickfloor commit to buying the seller’s home for a competitive price that's locked in…

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  • Photo of 730,000 interest-only mortgages a ticking time bomb

    730,000 interest-only mortgages a ticking time bomb

    Hundreds of thousands of borrowers on interest-only loans will be hit with higher repayments this year according to new research by comparison site Finder. A Finder analysis of Australian Prudential Regulation Authority (APRA) data revealed that 730,000 interest-only (IO) home loans will convert to principal and interest repayments in 2020. Of all the home loans granted…

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  • Photo of The global trend in co-living spaces

    The global trend in co-living spaces

    A new global metropolitan housing trend is hitting Australia with full force and is set to cause sustained growth in an emerging property sector dominated by young professionals. Recent research from Savills shows that co-living - purpose-built housing that mixes high-quality rental rooms with sophisticated communal lifestyle spaces - is on the up. They note…

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  • Photo of Domain ups stumps as major cricket sponsor

    Domain ups stumps as major cricket sponsor

    Domain has “upped stumps” as the naming rights sponsor for the Cricket Australia men’s test series as the property portal seeks to embrace a more targeted marketing approach in the wake of lacklustre half yearly results. The announcement that Domain would withdraw from the naming rights sponsorship comes just half way through a four-year contract…

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  • Photo of Big bank home loan war as ANZ slashes fixed rates to 2.68%

    Big bank home loan war as ANZ slashes fixed rates to 2.68%

    Australia's fourth largest lender, ANZ, has slashed its fixed rate home loans by up to 0.86 per cent. The lowest advertised rate from ANZ is now 2.68 per cent on its two-year fixed rate package loan for owner-occupiers paying principal and interest. This is the second equal lowest two-year fixed rate in the RateCity.com.au database.…

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  • Photo of PropTech platforms Realtair and AuctionNow join forces

    PropTech platforms Realtair and AuctionNow join forces

    Australian PropTech innovator Realtair will merge with leading independent auction platform, AuctionNow, in a move that will see the formation of Australia’s first genuine end-to-end, integrated digital sales transaction platform.  Realtair CEO and Founder Peter Matthews said the merger with Damien Cooley’s AuctionNow is perfectly timed at the start of this new decade. “At Realtair…

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  • Photo of The novel coronavirus outbreak and Chinese cross-border real estate buying

    The novel coronavirus outbreak and Chinese cross-border real estate buying

    Chinese Consumers at Home To understand the impact of the epidemic on Chinese cross-border real estate buying in overseas markets, it helps to first understand the situation for these buyers at home, in China. In much of the country, people are working at home or taking an enforced holiday until they can return to their…

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  • Photo of Stamp duty labelled ‘government addiction’ as industry calls for reform

    Stamp duty labelled ‘government addiction’ as industry calls for reform

    Calls for changes to stamp duty are starting to grow stronger after New South Wales Treasurer Dominic Perrottet put the federal government on notice to act on tax reforms. In a recently released report, an independent panel appointed by the NSW Treasurer looked at how NSW and the Commonwealth could work together to build a…

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  • Photo of CEO calls for disclosure of energy efficiency in homes

    CEO calls for disclosure of energy efficiency in homes

    First National’s chief executive Ray Ellis is calling on the nation to follow the lead of the ACT as climate change consciousness extends far beyond the capitals to impact regional home buyers and renters.

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  • Photo of First home loan scheme helping millennials: HIA

    First home loan scheme helping millennials: HIA

    Data indicates the Federal Government’s First Home Loan Deposit Scheme is already helping millennials achieve their home ownership aspirations while giving a boost to regional areas. According to HIA Chief Executive Industry Policy, Kristin Brookfield, government data shows 34 per cent of First Home Loan Deposit applicants are aged between 25 and 29, while 76…

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  • Photo of Property price optimism rising in capitals as regions feel the strain

    Property price optimism rising in capitals as regions feel the strain

    Record low interest rates have helped boost the level of financial comfort for many Australians who reside in our capital cities, as a rebound in property prices improves sentiment. However, the gap with those in regional areas continues to grow, according to ME Bank’s latest Household Financial Comfort Index. Australians living in regional areas are…

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  • Photo of realestate.com.au launches autumn advertising campaign ‘Millions More Buyers’

    realestate.com.au launches autumn advertising campaign ‘Millions More Buyers’

    realestate.com.au has surged to a new record audience high of 9.3 million as its new autumn advertising campaign begins. The ‘Millions More Buyers’ campaign uses modern illustration throughout the brand’s multi-channel approach. Digital, out of home, radio and TV campaigns aim to drive listing activity in the market as the autumn selling season begins strongly. The campaign’s 30-second TV commercial…

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  • Photo of Demand for residential land picks up

    Demand for residential land picks up

    “Residential land sales have increased by 45.9 per cent from their record low in the March 2019 quarter,” said HIA Economist, Angela Lillicrap. The February 2020 edition of the HIA-CoreLogic Residential Land Report provides updated information on sales activity in 46 housing markets across Australia, including the six state capital cities. “The first half of…

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  • Photo of Downsizers value spare rooms and will leave neighbourhood for new home

    Downsizers value spare rooms and will leave neighbourhood for new home

    Space remains important to Australian downsizers, with over a half moving to a dwelling with three or more bedrooms and a third moving to an apartment, AHURI research has revealed. The ‘Effective downsizing options for older Australians’ research, undertaken for AHURI by researchers from Curtin University and Swinburne University of Technology, compares households that downsized with…

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  • Photo of First home buyers surge to decade high

    First home buyers surge to decade high

    First home buyers are back and ready to buy, with the latest Australian Bureau of Statistics figures indicating new loans to first time buyers have hit their highest level since 2009 in seasonally adjusted terms. Releasing their figures on Tuesday, the ABS said the value of new loan commitments to first home buyers rose 6.2…

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  • Photo of Disability housing provider secures $20 million in investment

    Disability housing provider secures $20 million in investment

    After securing a $44 million cornerstone investment last year, one of Australia's most innovative disability housing providers, Casa Capace, has secured a further $20 million in investment and has completed its first multi-dwelling houses, with residents moving in next month. Casa Capace is a registered and certified provider with the National Disability Insurance Scheme (NDIS).…

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  • Photo of REA Group delivers resilient performance in challenging market conditions

    REA Group delivers resilient performance in challenging market conditions

    REA Group Limited (ASX:REA) today announced its results for the half-year ended 31 December 2019. Group financial highlights from core operations1 include revenue2 of $440.3m and EBITDA3 of $272.1m. The Group’s result was delivered in continued challenging market conditions with declines in new residential listing volumes and new project commencements. National residential listings declined 14%,…

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  • Photo of REA Group unveils new Smartline brand

    REA Group unveils new Smartline brand

    REA Group has announced the rebranding of its Smartline mortgage broking business, with realestate.com.au Home Loans also to be integrated under the banner in the coming months. Now known as Smartline - personal mortgage advisers, REA said the rebranded offering is primed to become the primary mortgage broking brand representing the Group in the Australian market. "The…

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  • Photo of Rightsizing: the downsizing trend toward luxury apartment living

    Rightsizing: the downsizing trend toward luxury apartment living

    Demand for rightsizing - the downsizing lifestyle trend towards luxury apartment living - is strong in Australia, according to the latest research from Knight Frank. The Knight Frank Rightsizing - Australian Prime Residential Insight 2020 report found buyers are looking for low-maintenance properties, but with house-like proportions and great amenities. In essence, they are looking for luxury…

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  • Photo of Belle Property and Hockingstuart merge

    Belle Property and Hockingstuart merge

    Belle Property and Hockingstuart have merged to launch an innovative new agency model which sees both brands operate independently, as part of one major real estate network. While the Hockingstuart brand will remain across Victoria, in February, the Belle Property brand will also launch into key Victorian regions including Bayside, Stonnington, Booroondara, Glen Eira, Peninsula,…

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  • Photo of Rent.com.au to raise $2.9 million for RentPay development

    Rent.com.au to raise $2.9 million for RentPay development

    Rent.com.au has has executed an underwriting agreement with Pinnacle Corporate Finance in a bid to raise $2.9 million for the development of RentPay. The capital raising exercise will comprise a non-renounceable, pro-rata rights issue on the basis of one new share for every five shares held at an issue price of $0.05 per share. The…

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  • Photo of RBA Governor backs low interest rates but warns over house prices

    RBA Governor backs low interest rates but warns over house prices

    In his first speech of 2020, RBA Governor Phillip Lowe has reiterated that interest rates will likely remain low for an extended period of time while cautioning on their impact on house prices. Speaking at the National Press Club, Dr Lowe came out strongly by suggesting three interest rate cuts last year had been of…

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  • Photo of Tiny houses: not the big answer to housing you might think

    Tiny houses: not the big answer to housing you might think

    There has been significant growth in small house living, but that doesn't mean Australia should go in big on them. Don't let their sizes fool you - the tiny house movement is big. These micro-scaled homes are populating Instagram feeds and even have a Netflix series aptly named Tiny House Nation. Championing a simple-living alternative…

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  • Photo of 2020 REIA National Awards for Excellence finalists announced

    2020 REIA National Awards for Excellence finalists announced

    The finalists for the 15th National Awards for Excellence has been announced by The Real Estate Institute of Australia (REIA). REIA President Adrian Kelly said the national awards recognise the best of the best in Australian real estate. "This year the REIA National Awards for Excellence will be proudly hosted by the Real Estate Institute of…

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  • Photo of Digital mastery for the real estate industry

    Digital mastery for the real estate industry

    It’s no secret that the digital world can be confusing and competitive, while tried and tested methods of leads and visibility can change in a heartbeat.  And with big players of the industry changing the interaction between clients and agents, agencies need to upskill quickly to become both masters of attraction and masters of their…

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  • Photo of Australia needs to build a new ‘Canberra’ every year

    Australia needs to build a new ‘Canberra’ every year

    In 1988 the Australian Bureau of Statistics (ABS) projected a population of 25 million by 2050. Australia reached that estimate 30 years earlier. Our population grew by more than 400,000 in 2018-19, and the ABS now projects a population of 30 million by 2030. One of Australia’s best-known urban planners and designers, Mike Day – who…

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  • Photo of RBA leaves rates on hold at 0.75 per cent for February

    RBA leaves rates on hold at 0.75 per cent for February

    The Reserve Bank of Australia (RBA) has left the cash rate on hold at 0.75 per cent at its February meeting, in what was a decision that was widely expected by the market. Over the past few weeks, economic data has been on the improve and that has made a strong case for rates to…

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  • Photo of New Real Estate Portal Zango Launches in Canberra

    New Real Estate Portal Zango Launches in Canberra

    A new listing portal focused on the Canberra property market is getting set to launch in a bid to change the way locals view real estate. Zango has been developed in collaboration with a group of local real estate agents in Canberra, who were wanting to create a wholly-owned local platform. Zango will focus on…

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  • Photo of Rent.com.au celebrates improved performance

    Rent.com.au celebrates improved performance

    Rent.com.au has reported its best operating performance to date, with the second quarter of 2019-20 financial year revealing a 19 per cent improvement on the period prior. The renting website released its latest financial report last week, with CEO Greg Bader celebrating the results. “To finish 2019 with a record-breaking EBITDA quarter is exceptionally pleasing,…

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  • Photo of NSW tenancy reforms turn up heat for landlords and tenants 

    NSW tenancy reforms turn up heat for landlords and tenants 

    If you didn't know already, the NSW Residential Tenancy Act and Regulations were updated and passed through parliament unopposed on 19 December, 2019. The new laws proposed by the State Government Innovation and Better Regulation office begin on 23 March, 2020, were aimed at providing an improved residential tenancy system. But will it achieve that?…

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  • Photo of How will the bushfire crisis impact property prices?

    How will the bushfire crisis impact property prices?

    There is no escaping the effect the recent bushfire crisis will have on property prices, but an independent property research company claims the impact will depend on the state of the market in the suburb prior to the bushfires as well as how badly the areas were hit. RiskWise Property Research has identified three ‘severity’…

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  • Photo of Hobart leads the way as resale prices on the rise

    Hobart leads the way as resale prices on the rise

    Almost nine out of 10 property resales over the September 2019 quarter sold for more than their previous price, delivering a gross profit of $18.7 billion for resellers across Australia. The latest CoreLogic Pain and Gain report showed overall 87.4 per cent of property sold above its previous price, and reveals a slight increase in…

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  • Photo of Sydney kicks off 2020 with increase in rental vacancy

    Sydney kicks off 2020 with increase in rental vacancy

    Vacancy rates increased in Sydney during the month of December, rising 0.2% to 3.4%. This is particularly evident in Sydney’s Inner Ring where rates increased from 2.4% to 3.4% suggesting tenants are experiencing a rise in availability across the metropolitan areas. In the Middle and Outer Rings rates dropped suggesting these areas are proving more…

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  • Photo of Victorian property market sets new records

    Victorian property market sets new records

    House values in metropolitan Victoria have surpassed $850,000 for the first time as the state continued its strong run, smashing price records in the December 2019 quarter. The results come on the back of two consecutive quarters with growth of more than 3 per cent each, according to the latest Real Estate Institute Victoria quarterly…

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