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27 March 2020 Cameron Micallef

Proptech to support real estate industry

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27 March 2020 Cameron Micallef

A conversation with Dean Mackie

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27 March 2020 Grace Ormsby

Auctions begin adjustment to online

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Proptech to support real estate industry

March 27, 2020Cameron Micallef

Virtual inspection tools, live-stream auctions and new customer support packages will allow agents to carry on following government restrictions on open house inspections and auctions to slow the spread of CO ...

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ALEXANDER PHILIPS

Year of Experience: 17

Support Staff: 5

Residential Properties Sold: 208

Total Value of Residential Properties Sold:

$614,864,500

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TECH MARKETING SALES BETTER BUSINESS PROPERTY MANAGEMENT
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EVENTS
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Real Estate Business Awards 2020

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

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State of Markets – VIC February 2012

01 February 2012 Phillip Tarrant

Essential information, plus expert insight on what is shaping the national property market...

VICTORIA

VIC investor activity jumps
First time buyer and investor demand for mortgages surged in Victoria during November, according to AFG.

Property investors accounted for almost two out of every five mortgages sold that month – an all-time record for the AFG Mortgage Index, which goes back six years.

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Investors were recorded as most active in New South Wales (44.6 per cent) and Victoria (39.8 per cent).

Data from AFG found more than $2.9 billion of mortgages were processed that month, the highest such figure since March 2009.

Growth was particularly strong in Victoria, where mortgages processed leapt by 26.7 per cent.

AFG general manager of sales and operations Mark Hewitt said, “We’re experiencing the paradox that weaker global economic conditions and lower rates, is good news for Australian property buyers – at least for now. It’s significant that investors and first home buyers are leading the action.

“Many had been fearful that we were locked into a scenario of constant rate hikes. The November 2011 rate cut proved to be a real turning point and the outlook is very different now.”

Vacancy rates ease in Melbourne
Melbourne metropolitan vacancy rates are on the rise, according to the Real Estate Institute of Victoria (REIV).

In October, the vacancy rate reached 3.1 per cent, the first time it has exceeded three per cent since January 2006.

This is a 0.7 per cent increase on September 2011 figures.

The REIV said the change was due to an easing in the rate of population growth in Victoria, and with dwelling construction increasing, this has also helped to increase supply.

The vacancy rate in the outer suburbs is reported as remaining tight (1.8 per cent), while in the middle and inner suburbs it sits at 4.1 and 2.2 per cent respectively.

Regional Victoria has the tightest vacancy rate at 1.3 per cent, a drop of 0.3 per cent.

State of Markets – VIC February 2012
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Why we’ll keep delivering for our communities in the face of COVID-19

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As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

Read more
Do you have an industry update?
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