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INDUSTRY NEWS
Australians’ savings drop as more struggle to pay rent
Australians’ saving levels have fallen to their lowest level since March 2020, according to new research by Finder. Finder’s Consumer Sentiment Tracker (CST) survey revealed more Australians are struggling to pay rent as Sydney’s lockdown lingers, with cash savings seeing a sharp decline. Each quarter, Finder analyses its most recent data to uncover the trends underpinning the financial, mental and physical…
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Real Estate Agent Events
Rex readies to go live with its first ever pop-up event
Rex Software is set to take a leap into the world of live events, with their first Rexfest LIVE to be held on July 23 at their extended office in Teneriffe, Brisbane. The pop-up RexFest event will focus on practical advice on automation to drive prospecting and nurturing, with insights into what a panel of automation superheroes are doing to…
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BTW
Familiar faces partner with Ray White in Sunbury
Ray White welcomes Sunbury agents John Saurini, Aaron Hill and Marin Durkovic as they make the move into business ownership. The Announcement: A collective of local real estate experts with a combined 60 years experience have opened a brand new office in historical Sunbury, on the north-west outskirts of Melbourne, in partnership with Australia’s leading real estate brand. John Saurini,…
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Real Estate News
New Zealand’s mortgaged investors see fall in share of property purchases
Over the past three months, New Zealand‘s mortgaged investors have seen their share of property purchases fall, while the number of first-home buyers (FHBs) bought at increased rates. CoreLogic New Zealand (NZ) Chief Property Economist Kelvin Davidson said these patterns were more due to the 40 per cent deposit mortgaged investors need, rather than the March tax changes. The June…
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WA Real Estate News
First home buyers fuel sales volume surge in Perth’s more affordable suburbs
Ridgewood, Madora Bay and Two Rocks are amongst the 10 Perth suburbs that have seen the biggest percentage increase in sales activity during the 2020-21 financial year. Real Estate Institute of Western Australia (REIWA) President Damian Collins said six of the 10 suburbs had more than doubled their sales tally in the 2020-21 financial year, compared to the 2019-20 financial…
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BTW
Atlas Advisors Australia takes major stake in Hunter Valley Zoo
Wealth manager Atlas Advisors Australia has taken a joint stake in key domestic tourism asset, Hunter Valley Zoo at Nulkaba, NSW
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BTW
LJ Hooker Commercial Sydney and North Sydney to merge with commercial property agency group Stanton Hillier Parker
LJ Hooker Commercial Sydney and North Sydney has announces they will merge with Stanton Hillier Parker agency. The Announcement: LJ Hooker Commercial Sydney and North Sydney will merge with commercial property agency Stanton Hillier Parker and will rebrand, effective from this month. Headed up by Managing Director, James Griffith and Senior Directors, Steven Kruyer and Shane Wall; the merger represents…
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Elite Agent TV
Amazon announces Luxe Listings Sydney season two is in production
Amazon Prime Video’s hit show Luxe Listings Sydney is currently in production for season two. The Amazon Prime Video exclusive’s second season will see the return of the Luxe Listings Sydney’s dynamic trio – Gavin Rubinstein, D’Leanne Lewis and Simon Cohen – and is set to provide fans with even more of the glamour, drama and stunning properties. The first season of Luxe Listings Sydney has…
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National
Highest rate of dwelling value growth since 2004
CoreLogic data has revealed Australian dwelling values saw the highest annual growth rate since 2004. The latest CoreLogic housing market data found Australian dwelling values rose 13.5 per cent in the 2020-21 financial year, which was the highest annual growth rate in 17 years. Regional New South Wales saw dwelling value changes for the financial year increase by 21.1 per…
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SUPPLIER NEWS
‘Inaction Figure’ campaign takes aim at traditional home loan lending industry
With 75 per cent of Australians frustrated with the traditional home loan process, Australian fin-tech Nano has launched the world’s first ‘Inaction Figure’ to take aim at the lending industry. The ‘Inaction Figure’ symbolises the frustrations Australians experience with traditional lenders when it comes to home ownership and refinancing. Some of the most significant frustrations include confusing jargon (72 per cent), too…
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SUPPLIER NEWS
Property managers urged to stand up against domestic violence
The Real Estate Institute of Australia (REIA) is asking property managers to help them stand up against domestic violence by filling out a short three-question survey by 26 July, 2021.
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BTW
Millthorpe’s oldest pub, the Commercial Hotel, hits the market
A slice of regional New South Wales history is up for grabs, as Millthorpe's oldest pub, the Commercial Hotel, hits the market.
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BTW
Belle Property opens in Sandgate with award-winning duo at the helm
Belle Property has continued their Brisbane expansion, with the opening of a new Sandgate office.
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National
The top 10 most undersupplied metro rental markets revealed
The most undersupplied city locations for rental houses have been revealed, with some locations recording very few available properties for tenants.
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Celebrity Homes
Kelly Clarkson sells her Tennessee lakeside mansion for US$6.3 million
Singer, songwriter, and talk-show host, Kelly Clarkson has sold her gorgeous lake house in Hendersonville, Tennessee for US$6.3 million.
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BTW
Lockdown life pushes up property results at Grays
Online auction platform, Grays marketplace has seen increases in property demand amid lockdown.
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BTW
Belle Property has a new home and new leadership in Brisbane’s inner north
Belle Property has celebrated the opening of their new office in Newmarket, Brisbane.
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WA Real Estate News
Top 10 Perth suburbs to see the biggest median house sale growth
Real Estate Institute of Western Australia (REIWA) data has revealed the 10 Perth suburbs to have seen the biggest growth to their median house sale price.
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INDUSTRY NEWS
CoreLogic investigates how the housing market reacts to lockdowns
CoreLogic has released a comprehensive overview of housing market performance through lockdowns.
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INTERNATIONAL
Five ways the UK housing market can progress post-pandemic
It's more than one year since the onset of the COVID-19 pandemic in the United Kingdom (UK). The effects are noticeable in all sectors and the housing market has certainly not been spared.
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FRANCHISE NEWS
Century 21 rolls out AI technology to entire network
Century 21 has announced that it will roll out the RiTA by AiRE technology across its entire network, which will be available at no cost to the offices for the first six months of implementation. RiTA by AiRE is a lead generation and nurturing robot that helps real estate professionals generate more listings from their database using artificial intelligence (AI)…
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NEW ZEALAND
New Zealand’s Wellington sees a 123 per cent rise in property values
Across the wider Wellington area, the past six years have brought large increases in property values, following a long flat patch prior to 2015.
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Real Estate News
Congratulations to the REINSW 2020 Awards for Excellence finalists
The Real Estate Institute of New South Wales (REINSW) has announced the finalists for its annual Awards for Excellence.
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INDUSTRY NEWS
Major global cities see house prices rising at the fastest rate since 2007
Darwin, Canberra and Hobart house prices are rising at the fastest rate since 2007, says Knight Frank Global.
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BTW
Elders Real Estate welcomes Wyndham City office
Elders Real Estate has expanded to the growing Wyndham region. The announcement: Elders Real Estate is delighted to announce the newest office to join it’s growing network: Elders Wyndham City. Principals Aman Jadaun and Mandeep Tyagi head up a six-person team in the rapidly growing Wyndham region. This experienced team live and work in the area and are excited to…
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BTW
Knight Frank Australia create fully SaaS compliant environment to deploy MRI’s Platform X capabilities
Knight Frank and MRI Software have worked together to deploy MRI's Platform X.
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INDUSTRY NEWS
Hope Island prestige estates report boost in sales amid luxury market spike
The Gold Coast suburb of Hope Island has seen a huge spike in sales amid the luxury market boom. Sanctuary Cove, Park Cove, the Palladium and The Gallery homes in Hope Island on the Gold Coast have seen staggering figures, thanks to the recent prestige property boom. Sanctuary Cove has notched over $100 million in sales in recent months. Two…
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INDUSTRY NEWS
REA reports home sales increased by 60 per cent in June compared to previous years
Property sales have remained steady and are over 60 per cent higher than in 2020 and 2019, according to a new report from the REA.
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National
Just 19 per cent Australians think you can buy a house for the listing price
Prospective homebuyers think they should brace themselves to pay more than the asking price, says new Finder research. A national survey of 1012 respondents found just 19 per cent of Australians agree that houses sell for the price they are listed for. The research revealed 70 per cent expect property to sell for more than what the seller asks. One in…
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BTW
Ray White South Australia welcomes leading Kensington team
Established agent Andrew Welch has taken the leap into business ownership in Adelaide with Ray White.
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BTW
Eureka Tower floors sell to Sydney investment group for sky high price
Two levels of Melbourne's Eureka Tower have sold to a Sydney-based investor for $60 million.
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Real Estate News
How Australia ranks for female empowerment and gender equality
Australia has ranked within the top 20 countries in the Female Opportunity Index 2021.
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Real Estate News
Richard Matthews Real Estate gets behind Beyond Blue
Richard Matthews Real Estate director and auctioneer Matthew Everingham has announced a fundraising collaboration with Beyond Blue.
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BTW
Raine & Horne set to give the property market some Kurri with new Hunter region office
Raine & Horne has celebrated the opening of their new office in the Hunter Valley region, New South Wales. The Announcement: Raine & Horne has added to its rapidly expanding network in the Hunter region with a new office at Kurri Kurri led by the experienced real estate pairing of Carolyn Wallis-Tomlins and Ryan Mitchell. Raine & Horne Kurri Kurri…
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BTW
Online property platform’s discount model puts buyers in the box seat
Online property start-up GroupBuyer aims to shake up the real estate market by offering discounts to first home buyers and investors. “For decades we’ve been selling real estate one property at a time but for the past two years GroupBuyer has been building a unique software platform that enables buyers to be ‘grouped’ to leverage the buying power of each…
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