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INDUSTRY NEWS
Cash rate rises for the fifth month in a row
The Reserve Bank of Australia (RBA) lifted the cash rate 50 basis points today and at the same time forewarned homeowners further increases were coming.
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Real Estate News
Queensland land tax will exacerbate the state’s rental crisis
The Real Estate Institute of Queensland has called on the State Government to repeal its “illogical” land tax regime or risk worsening the rental crisis and stymying investment in the state.
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WEIRD AND WONDERFUL
Victoria’s finest: luxury homes on the market right now
If you've got a bit of spare time this week, or just love to peruse the most luxurious homes on offer, then check out this list of high-end homes on the market right now.
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Elite Agent
The great investor about-face
Once upon a time, mum and dad investors cherished residential real estate for its ability to secure decent yields, equity and strong capital gains.
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INDUSTRY NEWS
Housing loan commitments fall in July
The impact of consecutive interest rate rises has caused owner-occupiers and investors to shy away from the property sector, with the value of new loan commitments falling 8.5 per cent in July.
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Real Estate News
Auction activity lifts in lead up to spring selling season
With the official start to the spring selling season just days away, auction activity climbed above the 2000 mark for the first time in nine weeks.
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WEIRD AND WONDERFUL
Ellerslie proves popular with property viewers
One of Melbourne’s finest heritage homes has hit the market with a $19.5 million price guide.
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INDUSTRY NEWS
TRG names a new director for the Woollahra office
Another new face is walking the floors at The Rubinstein Group, with Eastern Suburbs specialist Mark Lowe named as director of the group’s Woollahra office.
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INDUSTRY NEWS
Mortgage anxiety looming for Aussie homeowners
Australian homeowners are hurtling towards mortgage anxiety, with new research revealing more than 75 per cent of people were unsure how cash rate increases would impact their household budget. The data, from financial services group Aussie, shows 28 per cent of Australian mortgage holders did not consider the cash rate would increase at all when they budgeted for their home…
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Celebrity Homes
Katy Perry gets out of Beverly Hills
Pop sensation Katy Perry has sold her last home in Beverly Hills, with the US$18 million sale of her Regency-style estate.
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Elite Agent
What is quiet quitting and will it infiltrate real estate?
At workplaces across the country, when the clock ticks over to 5pm, a throng of employees turn off their computers and head home.
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Real Estate News
John Minns reinstated as NSW Property Services Commissioner
In a surprise move from the NSW Government, John Minns has been reinstated as Property Services Commissioner just weeks after it announced he would be replaced with an independent statutory Property Services Commissioner.
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INDUSTRY NEWS
Domain records strong financial year results
Significant growth in Domain’s residential online business, including a 9 per cent jump in listings, has underpinned the group posting revenue of $357 million for the 2021-2022 financial year.
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Real Estate News
Crypto king buys Toorak ghost mansion for $80 million
A mysterious crypto king has splurged a stunning $80 million on an unfinished Toorak mansion, setting a state record in the process.
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INDUSTRY NEWS
Sherrie Storor’s Build Your Best Life podcast launches Season 2
Australian entrepreneur Lorna Jane Clarkson will join a host of big-name real estate professionals, including Ewan Morton and Michael and Joel Davoren, on Season 2 of Sherrie Storor’s Build Your Best Life (BYBL) podcast.
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Elite Agent
Real estate farewells property manager with a big heart
Coronis Director Lia Storer is being remembered as a top property manager with a great sense of humour and “the biggest heart” following an 18-month battle with cancer.
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INDUSTRY NEWS
New agents are in for a market shock
The throng of new real estate agents who joined the industry during the recent market boom could be set to struggle during the current downturn, according to some of the nation’s top agents.
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FEATURE INTERVIEWS
Tanja Lee: The key to success
If you ask top real estate coach and mindset specialist Tanja Lee the secret to success, her answer is surprisingly simple – self-belief. Just as Henry Ford once wrote, “whether you think you can or think you can’t, you’re right,” Tanja believes agents’ inner thoughts are the element that most controls their success in the industry. “Strategies and resources will…
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Real Estate News
Another rate hike to curb the highest inflation in three decades
The official cash rate is now 1.85 per cent after the Reserve Bank of Australia opted to raise interest rates a further 50 basis points at its monthly meeting today. The increase marks the fourth consecutive month of interest rate hikes as the RBA seeks to moderate inflation that is now the highest it has been since the early 1990s.…
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Elite Agent
How we sold it: 19 Bul Bul Court, Ludmilla
When Darwin real estate agent, Simon Watts, decided to sell his own property, he admits he was a bit nervous.
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Real Estate News
Another big name signs on to use Propic AI technology
One of Australia’s best real estate agents, Vivien Yap, will introduce Propic Artificial Intelligence technology to meet her clients’ expectations for 24/7 customer service.
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WEIRD AND WONDERFUL
Californian treehouse for sale for US$3.8 million
A Californian coastal property has given a whole new meaning to the word ‘treehouse’, with a massive oak tree winding its way straight through the one-bedroom house.
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Real Estate News
Regional property price boom is not done yet
Regional cities like Albury-Wodonga, Tamworth and Bundaberg could continue to experience price growth despite the national property downturn.
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Real Estate News
ANZ says cash rate will hit 3 per cent this year
One of Australia’s biggest banks has dramatically revised its interest rate forecast, predicting the Reserve Bank of Australia will lift the cash rate above 3 per cent this year.
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APPOINTMENTS
Michael Conolly joins Stone Real Estate
Industry expert Michael Conolly has joined Stone Real Estate with a view to strengthen franchisee’s property management businesses as the sector heads towards what he terms the “GFC 2.0”. Mr Conolly had his first day as Head of Network Property Management last week and said his role would involve guiding franchisees on business areas such as staff retention and reward,…
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Elite Agent
Jason Scott: what makes quality real estate content
Agents need to turn themselves into trusted experts on the economics of the property market to garner more media coverage to help build their brand, a leading News Corp Australia executive says.
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INDUSTRY NEWS
Toorak mansion set to become state’s most expensive home
A stunning Melbourne home designed in 1936 is set to smash Victoria’s property price record if it sells for its $65 -$70 million price tag.
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INDUSTRY NEWS
NSW Government to appoint independent statutory property services commissioner
The NSW Government has announced it will appoint an independent statutory Property Services Commissioner from August 1 to drive reform, boost industry standards and support consumers.
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INDUSTRY NEWS
The 10 Perth suburbs where house prices rose at least 26 per cent
Five of Perth’s top 10 price growth suburbs now saw their median house sale price soar above $1 million for the first time last financial year.
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Celebrity Homes
Christine Quinn lists $33.9 million Miami penthouse you can buy with crypto
Hot on the heels of leaving The Oppenheim Group and starting her own crypto-based brokerage RealOpen, Selling Sunset star Christine Quinn has listed a US$33.9 million penthouse.
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INDUSTRY NEWS
ANZ tips next rate rise to be 50 basis points
One of Australia’s biggest banks has tipped another 50 basis point cash rate rise in August as the Reserve Bank of Australia moves swiftly to put a lid on rising inflation.
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Real Estate News
‘Little respite’ for falling New Zealand property market
New Zealand could be on the cusp of a Global Financial Crisis-like property market downturn with “little respite” for falling house prices in the coming months, according to an industry expert.
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INDUSTRY NEWS
NAB, CBA and ANZ all lift variable home loan and savings rates
The NAB, CBA and ANZ have all passed on the full interest rate hike to variable rate mortgage customers following the Reserve Bank of Australia lifting the cash rate 50 basis points last week.
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Celebrity Homes
Emma Stone sells her stylish Malibu abode
La La Land and Cruella star Emma Stone has sold her all-white mid-century ranch-style home for US$4.4 million to a well-known West Hollywood identity.
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National
Vacancy rates at lowest level on record
National vacancy rates have plummeted to a record low of 1.2 per cent, while rental values have soared 2.9 per cent in the three months to June.
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