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FRANCHISE NEWS
Dean and Stephanie Dank open with Explore Property in Townsville
Long term high performing Townsville agents Dean and Stephanie Dank have stepped into their own Explore Property agency in Townsville.
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SELLING + MARKETING PROPERTY
The simple fixes clients can make to help their listing stand out
It's an age old problem: You want your sellers to do everything they can to make their property stand out, but you don't want them to overcapitalise and risk losing money. Getting the answer right is even more important in a slowing market.
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INDUSTRY NEWS
Improving auction clearance rates: what do they tell us about the rest of the market?
Australia's auction clearance rate edged past 70.3 per cent last week, following a strong month of auction activity in February, but it's too soon to interpret the improvement as a sign that the downswing is over, experts say.
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INDUSTRY NEWS
Rush to quality driving inner-Melbourne market resurgence
An influx of overseas students and the return of Australians from overseas is driving activity in Melbourne's luxury apartment sector, with a future supply crunch set to sustain price growth, says The Agency's Michael Paproth.
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INDUSTRY NEWS
Rate cuts could begin from 2024, Westpac says
The Reserve Bank of Australia is expected to issue seven rate cuts between 2024 and 2025, according to a new forecast from Westpac, but not before the cash rate reaches a high of 4.1 per cent.
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INDUSTRY NEWS
Gold Coast predicted to take an increasing slice of the population pie
The Gold Coast is set to benefit from an increasing share of overseas migration to Australia, helping prices there remain resilient, a leading economist has predicted.
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INDUSTRY NEWS
APRA chooses not to loosen borrowing restrictions
The Australian Prudential Regulation Authority has declined to loosen its current serviceability buffer for new home loans despite from the banks to do so.
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INDUSTRY NEWS
Is the downturn over? Home values bounce back in February
Australia's property values increased slightly in February, according to PropTrack, while separate figures from CoreLogic also show the downturn losing steam.
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FRANCHISE NEWS
The Agency uses downturn to focus on expansion initiatives
The Agency reported a $950,000 loss for the first six months of the year, however CEO Geoff Lucas says the company has managed to keep the fall in transaction volumes to a minimum.
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INDUSTRY NEWS
New ABS figures reveal knockdown hotspots
The number of demolition projects in Australia is predicted to fall in the coming 12 months, but some areas are still seeing a high level of knockdown activity, according to new analysis.
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INDUSTRY NEWS
Anne Flaherty: PropTrack economist’s predictions for 2023
While 2023 is likely to be a tough year for renters, signs are starting to emerge that the worst may be over for homeowners, according to PropTrack Economist Anne Flaherty.
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INDUSTRY NEWS
Why the regional sea and tree change trend isn’t over yet
Predictions of a mass return to the cities following the end of the Covid-19 pandemic have been overstated, according to one expert who is predicting continued growth in regional property markets.
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FEATURE INTERVIEWS
How these PMs are tackling the tough rent rise conversation
Raising the rent can be an emotionally fraught process at the best of times, let alone during a cost of living crisis. But there are steps you can take that'll make the end outcome easier for both tenants and landlords, according to Spruce Real Estate founder, Alana Spruce and the leader of Best Nest Property Management Alison Hatch.
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INDUSTRY NEWS
Australia’s empty offices could be the key to solving the housing crisis
Turning empty office buildings in Australia’s CBDs into housing via a process known as asset repurposing could help solve the country’s housing affordability issues, according to a new report from PRD.
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INDUSTRY NEWS
The real reason real estate sales figures went backwards this January
A new report from Xero showing lackluster sales figures in the real estate sector is likely a hangover from early 2022's abnormal selling season rather than an indication of a looming crisis, industry experts say.
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NEWS
Prices are falling, so why is it still so expensive to buy in New Zealand?
Property values have been falling in New Zealand, but rising interest rates mean Kiwis are handing over more of their income to make mortgage repayments, CoreLogic reports.
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INDUSTRY NEWS
Population patterns, not tax breaks, responsible for housing crisis
Australia's unique population patterns and a shortage of available residential land near jobs and services has had a far greater impact on house prices than interest rates or government subsidies, new analysis shows.
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INDUSTRY NEWS
HTW property predictions: Second half of 2023 to bring stability
Rapid interest rate increases have eroded the optimism surrounding residential property, but a slowdown in rate rises in the second half of the year is expected to bring increased stability to the market, Herron Todd White says.
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INDUSTRY NEWS
Listings slide drags on Domain Group profits
The biggest decline in listings in Domain Group's history has resulted in a decline in profits, though revenue still rose in the first six months of the financial year.
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INDUSTRY NEWS
Cameron Nicholls on why your brand needs to grow with you
It wasn't until he was in the middle of acquiring another agency, and looking at his own brand from the "outside in", that Cameron Nicholls realised it was time for a change.
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INDUSTRY NEWS
New AI company virtually furnishes listings in a matter of minutes
A new US startup aims to take the time and cost out of staging a listing for advertising, instead furnishing empty properties virtually using artificial intelligence.
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INDUSTRY NEWS
Listings bounce back from summer slumber
New listing numbers have recovered from their traditional summer dip, though they remain lower than 2022 levels, according to a new report from PropTrack.
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INDUSTRY NEWS
Cash rate not the reason for rental affordability crisis, Philip Lowe says
RBA Governor Philip Lowe has told a Senate estimates hearing that the central bank's rapid cash rate increases are not responsible for the current rental crisis, instead placing the blame on a lack of housing supply relative to demand.
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INDUSTRY NEWS
NAB changes cash rate prediction following RBA meeting
NAB economists now predict the cash rate will peak at 4.1 per cent following RBA Governor Philip Lowe's strong language about taming inflation last week.
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INDUSTRY NEWS
The Adelaide hotspots to watch in 2023
Despite a slight downturn in prices, the Adelaide market remains one of the country's strongest performers, according to property expert and Hotspotting Director Terry Ryder.
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INDUSTRY NEWS
Regional price growth continuing, Domain says
New data from Domain shows that the tree and sea change trend is continuing, with property prices increasing in 92 per cent of regional local government areas during the most recent quarter.
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EVENTS
PM Reach conference goes on the road in 2023
The PM Reach conference is back for 2023 and heading interstate for the first time, with events planned in NSW, Queensland, South Australia, Tasmania, Victoria and Western Australia.
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INDUSTRY NEWS
PropertyMe adds tenant payment service to its property management platform
Property management platform PropertyMe has launched a new rental payment service MePay that allows agents to see rental payments hit the trust account in real time while keeping tenant's bank details private.
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INDUSTRY NEWS
Adam Neumann provides more detail on his Flow startup
WeWork founder Adam Neumann has revealed more detail about his new startup Flow, canvassing the potential for future tenants to gain some sort of equity stake as part of their tenancy experience.
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INDUSTRY NEWS
Tough market hits listings as REA announces half-year results
REA Group has announced its results for the six months to December 31, with the group reporting a dip in net profit as listings in Sydney and Melbourne fell as a result of tough property market conditions.
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INDUSTRY NEWS
Block sizes smaller but more expensive
Australian buyers are paying more for less, with a new report from Domain showing the average block size in large capital cities shrank by 13 per cent over the past 10 years, with the price paid per square metre increasing at the same time.
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FRANCHISE NEWS
Andrew Acton celebrates 20 years in real estate
Explore Property leader and industry stalwart Andrew Acton is celebrating 20 years in real estate this year, and to mark the occasion he sat down with Elite Agent to reflect on his greatest wins and biggest challenges so far.
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INDUSTRY NEWS
Openn expands partnership with CoreLogic
Online property sales platform Openn has entered a commercial arrangement with CoreLogic that will see its software further integrated into CoreLogic's onthehouse.com.au website.
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INDUSTRY NEWS
MRI Software a step closer to PropTech Group acquisition
MRI PropTech group is edging closer to closing its deal for ASX-listed PropTech Group, with PropTech shareholders voting to approve the scheme of arrangement that will see MRI subsidiary Rockend Technology take over the Australian company.
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INDUSTRY NEWS
RBA lifts cash rate to 3.35pc at February board meeting
The Reserve Bank of Australia has lifted the official cash rate by 25 basis points following its first meeting of 2023, taking rates to their highest level since 2012 and flagging that further rises are likely in the months ahead.
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