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The biggest real estate news – The week ending 17 December 2023

By Staff Reporter
15 December 2023 | 5 minute read
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Staff turnover, future FHBs, and Victoria’s stance on commercial property stamp duty.

Welcome to REB’s weekly round-up of headline stories that are important to both the real estate sector and the state of the Australian property market.

To compile this list, we consider the week’s most-read stories and the news that matters to you, collating your need-to-know property report from across our site and sister brands. Here are the biggest stories of the week:

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  1. Foreign investor fees jump sixfold under new framework

Federal fees levied against foreign property investors will be substantially increased in an effort to stop Australian homes sitting vacant and free up housing stock for residents.

  1. Ray White AKG unveils ‘strategic shift’ and 3 leadership moves ahead of 2024

Recognising the dynamic nature of real estate, the Avi Khan-led brand is switching things up ahead of the new year.

  1. 25% staff turnover rate a blow to agencies in 2023

With one in four real estate industry professionals reporting they changed employers in 2023, business leaders are realising they must reconsider their retention strategies.

  1. Less than 50% of future FHBs likely to use brokers

Only four in 10 future first-time borrowers are likely to choose the mortgage broking channel, according to new research released by the FBAA.

  1. Victoria’s plans to scrap commercial stamp duty revealed

Victoria is moving ahead with plans to abolish stamp duty on commercial and industrial properties.

  1. A step-by-step guide to managing tenancies this Christmas

To make sure property managers have a well-needed break this summer, here are four steps to keeping tenants happy over the shutdown period.

  1. Home buyer sentiment lifts in December: Westpac

The major bank has recorded a shift in home buyer sentiment, however, levels still remain weak by historical standards.

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