News Room
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Industry Appointments
Sunnybank welcomes ‘Supreme’ service
RE/MAX Australia has announced the opening of RE/MAX Supreme in Sunnybank, Queensland, under the leadership of broker owner Gordon Sui. The successful businessman has worked tirelessly to achieve whatever he sets his mind to since immigrating to Australia from China in 2003, but it is his latest business venture as … …
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Real Estate Industry News
The hot new search term for homebuyers
The world has changed dramatically over the past 18 months and as a result, the types of homes people are wanting to buy has also seen a dramatic shift. According to realesate.com.au, the most popular search term is now ‘study’, indicating that many people are clearly changing the way they … …
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Real Estate Industry News
235 Perth suburbs have median rents below their peaks
The Perth rental market is significantly more affordable than it used to be, with reiwa.com analysis showing 235 suburbs had median house rents below their peak prices in May 2021. REIWA President Damian Collins said the vast majority of Perth suburbs were more affordable for tenants than they used to … …
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Real Estate Industry News
The world’s largest housing bubbles
Australian housing prices have been on a record run over the past 12 months, however, a new report suggests it’s nowhere near the biggest bubble in the world. …
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Industry News
Website Blue announces major real estate partnership
Australian real estate website and marketing agency, Website Blue has announced a website development partnership with Harcourts International. The partnership, which covers the development of over 2000 domains, is touted by Website Blue as one of the region’s largest web development projects.The new website development project is aimed at future … …
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BTW
First home deposit scheme well placed to help thousands
The Housing Industry Association of Australia has welcomed the adjustment of First Home Loan Deposit price caps and build times. …
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BTW
Gold Coast tower records $110M in sales
A Gold Coast development has secured $110 million in sales only weeks after the development application was submitted The Announcement In one of the most successful sales campaigns ever seen on the Gold Coast, Sydney-based Sammut Group has secured an astronomical $110 million in conditional sales in its ultra-luxury “Coast” … …
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BTW
Fantastic Fridays a fab idea, says Property Council
The Property Council of Australia has welcomed an initiative to entice workers back to Sydney’s CBD The Announcement: NSW Executive Director of the Property Council of Australia Jane Fitzgerald today said the NSW Treasurer’s announcement of a $50 million investment to entice workers back into the Sydney CBD on Fridays was a … …
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Celebrity Homes
Frank Sinatra’s mountain retreat returns to the market
The former home of legendary entertainer Frank Sinatra is on the market once again and already there is a flurry of interest in the exquisite desert getaway. The 7.5-acre estate in Palm Desert, California has been on and off the market for a number of years after and the property … …
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Real Estate Industry News
Home prices are rising globally, but can wages growth keep up?
House prices have been rising around the world at the fastest rate in 30 years, however some countries might run into problems if wages growth can’t keep up, an expert has warned. Asset management firm Franklin Templeton, notes house prices have been rising globally over the past 12 months, thanks … …
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Real Estate Industry News
Over 200 markets now in the million dollar property club
With property markets running hot across the country, a new report has highlighted that there are now 218 million-dollar areas across Australia. …
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International
Smart home technology used by 10 million British residents in 2021
Smart home technology has made a major breakthrough in British mainstream culture over the past few years, reaching a new peak in 2021. There are currently 10 million United Kingdom (UK) residents using smart home technology, which allows consumers to control appliances, thermostats, lights and other devices remotely using a … …
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BTW
DiJones all in for consumer centricity with launch of Conversational AI
As more consumers feel comfortable with and seek out new technology, DiJones believes now is the perfect time to introduce Artificial Intelligence (AI) into the real estate sector. The Announcement: Improving the customer experience and allowing 24/7 access to property information has seen DiJones roll out a new way to … …
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Real Estate Industry News
New listing volumes remain high despite fall in May
After a significant lift in volumes earlier this year, new listings fell for the second consecutive month a new report shows. While the rise in listing volumes earlier this year helped supply meet record-high buyer demand, the REA Insights Listings Report June 2021 showed a 4.4 per cent decline in … …
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Real Estate Industry News
Boom in Aussies buying up restaurants, pubs, hotels and bars in regional centres
With international borders closed, regional Australia is seeing a dramatic surge in popularity. More people are moving out of the cities and into quaint communities. City slickers are looking for new careers and business opportunities, with regional Australia being bought up at record pace. Manenti Quinlan and Associates Director Leonard … …
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Real Estate Tech & Social
How AI and SMS automations have changed the way this agent works
Tristan Lovell recently had a chat with Sam Taylor, a sales agent at McGrath Estate Agents North Canberra, about Artificial Intelligence (AI) and automated two-way SMS conversations. The RiTA by AiRE Growth Specialist asked Sam how these two tech solutions changed his game and got him three extra listings in … …
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New Zealand
New Zealand’s property market upswing is nationwide
CoreLogic New Zealand takes an in-depth look at suburb-level property data, revealing a surprising market upswing. Upmarket shopping district Herne Bay remains New Zealand’s (NZ) most expensive suburb with a median value of $3.16 million. However, in terms of value growth, cheaper areas reign supreme. Reflecting better relative affordability and … …
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BTW
McGrath opens new office in Lower Blue Mountains
As more Sydney residents expand their property search into the stunning Lower Blue Mountains, McGrath Estate Agents have opened a new office in order to service the increasingly popular regional New South Wales area. The Announcement: Leading residential group, McGrath Estate Agents, has opened a new office in a popular … …
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BTW
LJ Hooker gives its agents a runway into spring
LJ Hooker has landed an exclusive partnership with Qantas Frequent Flyer. It hopes to incentivise new leads – people who are considering selling – to taking that first step in their journey. The Announcement: LJ Hooker, in partnership with Qantas Frequent Flyer, recently launched its latest campaign to drive customer … …
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Real Estate Industry News
Property fragment marketplace Bricklet enters investor partnership
The partnership between Bricklet and DDP Property is set to extend the benefits of property fragments to more than 30,000 investors. Bricklet currently processes $52 million worth of property fragments across Australia, with $15 million of the fragments owned by Australian investors. With more Australians unable to afford a full … …
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BTW
Historic Burwood Federation castle breaks suburb record
Richard Matthews Real Estate sold the 1907 home for $6.6 million. The Announcement: Richard Matthews Real Estate broke the Burwood suburb sales record on Saturday after selling an historic Appian Way property on Saturday. A tribute to the Richard Matthews team, the home passed in a $6.3 million before post … …
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BTW
Zillow’s new neural Zestimate makes home valuations more accurate
American online real estate marketplace company Zillow is using a human-like artificial intelligence to improve its national median error rate. The Announcement: Zillow today launches significant upgrades to its Zestimate® home valuation model. The changes allow the algorithm to react more quickly to current market trends and improve the national median … …
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BTW
State Budget a mixed bag: REIQ
The Real Estate Institute of Queensland is urging the State Government to do the heavy lifting across affordable housing, delivering First Home Owners Grant extensions and cutting stamp duty. The Announcement: The Real Estate Institute of Queensland has welcomed increased social housing and infrastructure spending in the 2021-22 Queensland Budget … …
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Celebrity Homes
US Olympic boxing champion Sugar Ray Leonard lists Los Angeles mansion for US$46.5 million
Gold medal boxing champion Sugar Ray Leonard is one of the wealthiest boxers in the world. With an estimated net worth of US$120 million, it’s little surprise the US Olympian’s Pacific Palisades mansion has been put on the Los Angeles property market for a whopping US$46.5 million. It has been … …
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Franchise News
New Laing+Simmons office opening in Sydney’s Rooty Hill
Laing+Simmons Mount Druitt have set up shop in the Western Sydney suburb of Rooty Hill. Headed by Jack and Basel Nahas, the new office will service the growing Rooty Hill, Eastern Creek, Plumpton and surrounding areas. It is set to offer a full suite of real estate services to the … …
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Elite Agent
Community housing in regional New South Wales has a 10 year waiting list
The Community Housing Industry Association NSW (CHIA NSW) is calling for urgent action to address the state’s social housing waiting list. There are more than 50,000 households waiting for up to 10 years or more for safe, secure and affordable community housing. CHIA NSW has warned that households on the … …
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Real Estate Industry News
Australia’s residential development market falls to a seven-year low
Just $4 billion of total residential site sales were recorded in 2020. It was well below the 2014 peak of $11.3 billion, according to Knight Frank’s Australian Residential Development Review 2021. The review also found the national apartment pipeline will drop over the next three years, with just 86,400 new … …
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Franchise News
Belle Property Canberra celebrates their big win at the REIA Awards for Excellence
Belle Property has been nationally recognised with two awards at the Real Estate Institute of Australia Awards for Excellence. …
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National
Largest total value rise on record for residential dwellings
The total value of residential dwellings in Australia now exceeds $8 trillion, according to the Australian Bureau of Statistics (ABS). The ABS found the total value of Australia’s 10.6 million residential dwellings rose by $449.9 billion to $8,293.2 billion in the March quarter 2021. This was the largest rise on … …
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Elite Agent
Small town business owner achieves international success with LJ Hooker
LJ Hooker Waihi Beach owner Gary Alway has been recognised as a top agent internationally for the real estate giant. Gary reached the top 2.5 per cent of all LJ Hooker agents, with the brand boasting more than 500 offices internationally. The ranking rewards exceptional achievement and showcases the expertise … …
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Commercial
REA Group partners with software provider Simpology
Real Estate Australia Group (REA) has acquired a 34 per cent interest in Australian software company Simpology. The software provider offers digital mortgage application and lodgement solutions for broking and lending industries. As a part of their new agreement, REA will take two seats on the Simpology Board. REA plans … …
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Real Estate Industry News
Market Buy and Podium join forces
Online offer management system Market Buy and review and text messaging service Podium have officially joined forces in a move they describe as a “win for agents”. …
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BTW
Plan lodged for revitalisation of Cronulla CBD
The Sammut Group has lodged a plan for a $350 million revitalisation of Cronulla's CBD …
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Industry Appointments
Another key industry executive joins Harcourts leadership team
High profile auctioneer Mitch Peereboom is joining the Harcourts group as Chief Executive Officer Queensland. …
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BTW
Mergers herald new era for Herron Todd White
Herron Todd White is merging regional and city operations to create larger state entities …
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