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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY 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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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Real Estate News
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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INDUSTRY NEWS
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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Real Estate News
QR code check-in at open homes launched
Combined Franchise Services has launched a new QR code service that enables open home attendees to self-check in. Combined Franchise Service clients (including Century 21 and Better Homes and Gardens Real Estate) will now be able to check-in prior to entering a property by scanning a QR code with their mobile phones. The use of QR codes has thrived amid…
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Insights
Millennials use pandemic savings to put a deposit on their first home
Three in every five millennials plan to use the money they saved during the pandemic towards a payment on their first home, according a US study.
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NEW ZEALAND
CoreLogic New Zealand House Price Index shows market momentum continues to fade
Property values around New Zealand (NZ) increased by 1.8 per cent over June, according to the CoreLogic House Price Index (HPI). Corelogic’s data indicates a slight reduction in June from the 2.2 per cent growth rate from May, providing early evidence of a gentle deceleration in market momentum in NZ. CoreLogic’s Head of Research, Nick Goodall believes the turnaround will…
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Insights
Rental vacancy rates hit a milestone low
New Domain data shows national rental vacancy rates are the lowest on record.
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INDUSTRY NEWS
Interest rates predicted to hold but will property prices peak this year?
The non-stop rise in house prices may hit an apex this year, according to the latest expert housing predictions from Finder.
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INDUSTRY NEWS
Mair Property Funds expands diversified fund into South East Queensland
Mair Property Funds has announced the acquisition of their second South East Queensland-based industrial facility, purchased for $9,340,000.
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FRANCHISE NEWS
Leak repair specialists Megasealed celebrate 25 years of business success
A business which services the real estate and strata industries with repair solutions for leaking showers and balconies is celebrating 25 years in operation.
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INDUSTRY NEWS
Property Council welcomes projected pathway out of COVID-19
The Property Council of Australia has welcomed National Cabinet's agreement of a four-phase pathway out of the pandemic based on vaccination thresholds being met and other key settings.
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