News Room
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HIA has revealed Australia’s strongest markets for home building in the 2019 edition of the HIA Population & Residential Building Hotspots Report. The Report is aimed at finding employment growth areas targeted towards builders and tradies, and identifies hotspots in all states and territories. “Melbourne has once again dominated this year’s HIA Hotspots Report, with 12 of Australia’s Top 20…
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Danny Woolbank is forging a new path with global real estate network RE/MAX to launch his own agency on the Gold Coast. RE/MAX Property Centre opens at Broadbeach Waters in May. Mr Woolbank has lived on the Gold Coast since 1985 and is well-known to many through his family business, the Southport Squash Centre, and his professional squash career. A…
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Professionals Real Estate Group Chairman Carl Petersen has sold his last real estate agency, which he has co-owned for 19 years, in order to focus on guiding the growing Professionals network. Mr Petersen, who has been an active member of Professionals since 1983, has sold the rent roll of his Coolangatta-Tweed agency and retired from selling and managing properties. Mr…
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LJ Hooker has announced its expansion into the specialist rural real estate market as it moves to service growing demand in regional areas. The division will be led by Ian Simpson, who has specialised in real estate and water sales for the past 15 years. L Janusz Hooker, Chairman of LJ Hooker, said now was the right time for the…
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REA Group have announced a strategic partnership between their online platform Myfun and one of China’s leading online real estate listing platforms under 58 Group, Anjuke. The partnership will allow Myfun to further expand its footprint in mainland China, while enabling Anjuke to provide international properties to Chinese users. As part of the partnership, Myfun will syndicate Australian residential properties,…
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Rental property owners are being urged to make sure their claims are correct, as the Australian Taxation Office (ATO) announces it will double the number of audits scrutinising rental deductions. In the 2017–18 financial year, more than 2.2 million Australians claimed over $47 billion in deductions. Assistant Commissioner Gavin Siebert said this year the ATO have made rental deductions a…
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Around half of all homes up for auction across Australia’s capital cities sold during the first quarter of 2019, says CoreLogic. The latest CoreLogic Quarterly Auction Market Review has highlighted a clearance rate of 49.9 per cent across the combined capitals, an increase of +6.6 percentage points on the December quarter results. “Auction volumes and clearance rates are mirroring the broader…
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RE/MAX Australia held its first Project Marketing Forum recently, with the aim of demystifying the project sector for real estate agents. Twenty-five agents from across Brisbane attended the Forum, with interests ranging from five-townhouse developments to large multi-level complexes and land subdivisions. The key speaker at the forum was John Lunney, Development Director at De Martini Fletcher, who was supported…
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Ray White Queensland CEO Tony Warland has congratulated multiple Ray White agencies around the North Queensland region for their work in the wake of the recent Townsville floods. Mr Warland said he was incredibly proud of the work put in by business owners, agents and property managers alike, and praised the resilience of the Townsville people. “People in and around…
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Professionals continues to build its internal team with the recent appointment of Alex Whitfield as Head of Marketing. Mr Whitfield has worked in strategic marketing and business development for over a decade and specialises in brand activation, lead generation and customer experience design. In the past, Mr Whitfield held the position of Marketing and Business Development Manager with the Australia-Israel Chamber…
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REA Group have welcomed Janelle Hopkins to the team as their new Chief Financial Officer. Ms Hopkins previously held the position of Group Chief Financial Officer at Australia Post and will begin her new role on 3 June. Ms Hopkins will be replacing Owen Wilson who stepped into the role of CEO with REA Group in January. Speaking to The…
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New data released by MCG Quantity Surveyors is claiming the Labor Party relied on incorrect assumptions in formulating its negative gearing policy. According to the data, Labor’s assertions on the percentage of investors buying new homes were grossly understated and call into question the party’s revenue projections. “Shadow treasurer Chris Bowen has suggested new-buy investors comprised anywhere between four and…
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People bid less in auctions that have more bidders, new research suggests. Economists from the University of Sydney and the University of Technology Sydney (UTS) have released the results of a new study suggesting that the more bidders there are in an auction, the less each bidder thinks they have a chance of winning. Published in the latest issue of…
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Ray White Rural Albany is encouraging property managers and clients to inspect flexible hoses following reports of flooding in homes in Western Australia’s port city of Albany due to issues with flexible hoses. The most urgent cases include flexible hoses under bathroom and kitchen and kitchen sinks. “We’re checking all our properties now during inspections, as well as creating jobs…
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