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Real Estate News
Antony Catalano and Alex Waislitz invest $6 million in AI business Propic
Australian Community Media’s Antony Catalano and Alex Waislitz have injected $6 million into PropTech start-up Propic to propel its development of Artificial Intelligence solutions for the real estate market. Propic has already developed two AI technology solutions that allow agents and property managers to communicate with clients through automated conversational or text AI at any time of the day or…
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Real Estate News
Herron Todd White names potential growth hotspots
For every Bondi Beach, there are dozens of other suburbs that don’t have the same notoriety, yet have the potential for incredible growth. Herron Todd White has compiled its list of ‘unsung hero hotspots’, which are suburbs that might not get as much attention as their famous neighbours, but are ripe for growth in an already strong property market. NSW…
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Real Estate News
House prices soar at highest quarterly rate in 10 years
Property prices have increased at the highest quarterly rate in a decade a new report has found, with Sydney still the most expensive capital city to buy a house in. The latest Real Estate Institute of Australia Real Estate Market Facts report shows that the weighted average capital city median price increased by 6.8 per cent for houses and by…
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BTW
Strong offers encourage happy vendors to skip under-the-hammer sales
Raine & Horne says recent pre-auction sales indicate perfect time for all types of properties to transact
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BTW
Start-up portal Zango welcomes White family to the register
The Ray White group has invested in Canberra-based portal Zango The Announcement: In a coup for Zango, the owners of the nation’s largest real estate group – Ray White – have taken a stake in the Canberra-based start-up property portal. The White family has thrown its support behind the largely industry-owned property portal, which is going head-to-head with the major media…
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INDUSTRY NEWS
One in five Australians believe crypto is the secret to homeownership
More than a fifth of Australians believe investing in cryptocurrency is an easier way to save for a mortgage deposit than a bank account or traditional savings method, according to new research from Kraken.
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Celebrity Homes
Which celebrity has the most desirable home?
Everyone loves to peek inside the lives of famous celebrities and now a new study has identified which celebrity homes are the most desirable.
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Real Estate News
SA sees massive increase in buyers from interstate
Real Estate Institute of South Australia Chief Executive Officer Barry Money says that REISA’s statistics reveal a sizeable lift in the number of residential properties purchased by buyers whose primary address is outside of South Australia. “We compared the numbers in our own unique data set from January through April with those from the same first four months of 2020,…
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BTW
REIQ urges real estate industry to roll up its sleeves
The REIQ has partnered with the Red Cross to encourage blood donations. The Announcement: With donor numbers on the decline and hospital demand increasing, the Real Estate Institute of Queensland (REIQ) has partnered with the Australian Red Cross Lifeblood to encourage the industry’s 46,000+ real estate professionals across the state to step up and give much-needed blood. “The unprecedented demand…
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Real Estate News
Laing+Simmons: Sharing strategies to scale up
A recent Scaling Up workshop involving Laing+Simmons' principals has reinforced the network's renewed focus on collaboration.
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Real Estate News
Three-quarters of real estate agencies now more profitable than in 2020
More than two-thirds of Australian and New Zealand residential real estate agency office principals are personally taking home higher earnings in 2021 than in 2020, according to a new survey by Juwai IQI. An even higher share of offices – three-quarters – are more profitable today than in 2020, the survey found after interviewing the principals of the 29 offices…
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BTW
REISA welcomes new affordable housing funding deal
The Real Estate Institute of South Australia has lauded an agreement which is designed to improve housing affordability
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Real Estate News
REIA to host ‘getting real’ policy forum to address housing issues
The Real Estate Institute of Australia (REIA) will meet with key political and industry leaders in Darwin on June 9 to present Getting Real, REIA's 2021 Strategic Policy Forum sponsored by realestate.com.au
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Elite Agent
May the busiest auction month on record: Domain
May was the busiest auction month on record, according to a recent report by Domain.
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BTW
Luxury new tower vision to take blue chip beachside suburb to the next level
Melbourne-based developers set to a new luxury tower at Mermaid Beach on the Gold Coast The announcement: With the tide of demand on the Gold Coast for luxury beachside residences still high, Melbourne-based developer Hirsch & Faigen is set to put another shovel in the famed strip of sand. In a move further cementing the city’s status as Australia’s luxury…
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BTW
Best of RE/MAX are making waves
RE/MAX’s elite salespeople attended a forum designed to hone their skills and build their business on Hamilton Island The announcement: The elite in the RE/MAX sales force wound up three days of professional stimulation on Hamilton Island this week. RE/MAX Australia invites its top performers to participate in a forum of shared knowledge and experiences each year. The Platinum +…
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BTW
Property Council welcomes gov push to get back to the office
The Property Council of Australia has welcomed the Prime Minister’s call for workers to return to the office The announcement: The Property Council has applauded the Prime Minister’s message to government and private sector employers that it is “time to get back to the office”. The Property Council’s office occupancy survey has tracked the rate of occupancy of Australia’s capital city CBDs…
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Real Estate News
Acreage property sells well above reserve in online auction
A 10-acre property in Somerville, Victoria has sold for $402,500 above the reserve, after fierce bidding through online platform Openn Negotiation.
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Celebrity Homes
Property where David Bowie re-wrote China Girl for sale
Music-lovers looking to own a slice of ‘80s pop history will be saying, “Oh! You pretty thing” when they see the Nurimbah property where David Bowie re-wrote his smash hit China Girl. Set on the caldera of the extinct Tweed volcano, the 4.56ha property, Wagawn, is for sale with a price guide of $3.25-$3.5 million according to realestate.com.au. Bowie, who…
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Real Estate News
Home loan commitments hit record high
Owner-occupiers are fuelling a record high level of new loan commitments for housing.
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Real Estate News
PropTech startup raises $3 million to help keep buyers in the loop
A PropTech startup that gives buyers access to pre-market and off-market real estate recently closed a $3 million funding round that will enable it to continue to grow. Listing Loop, which launched in 2019 and was founded by PropTech entrepreneur Rhett Dallwitz and real estate director and strategist Andrew Meehan, gives property buyers quick and easy access to properties that…
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Celebrity Homes
Leonardo DiCaprio buys Modern Family star’s stunning home
Not content to just star in Baz Luhrmann’s adaptation of William Shakespeare’s Romeo + Juliet, Leonardo DiCaprio has just bought a A$9.1 million home that would look perfect on the movie’s set. Complete with romantic Juliette balconies overlooking expansive living and dining rooms, DiCaprio bought the Los Feliz home from Modern Family star Jesse Tyler Ferguson, according to Top Ten…
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Real Estate News
National rental vacancy rates fall for second consecutive month
The number of available residential properties available for in Australia have fallen for the second month in a row, with the vacancy rate now sitting at 1.7 per cent, according to the latest research from Domain.
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BTW
Buyers snap up Mastery apartments in Waterloo
Buyers are looking for low maintenance, luxury apartments across Sydney’s most convenient locations, according to Crown Group. The Announcement: Mastery by Crown Group in Sydney’s Waterloo has experienced a spike in sales with the current median unit price now 66 per cent lower than the median house price in Sydney, driving demand for luxury, more affordable apartments with resort-style amenities. Crown…
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BTW
MLC Centre gets a new name as part of a $170 million transformation
The Harry Seidler landmark will showcase retail, dining and cultural experiences. The Announcement: The iconic MLC Centre will be known as 25 Martin Place as new retailers were unveiled today as part of the first stage of the circa $170 million transformation. The new name, 25 Martin Place, celebrates the location in the heart of Sydney’s thriving CBD and will…
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Real Estate News
Strong quartet to lead Raine & Horne Commercial on Central Coast
Raine & Horne Commercial, has enlisted four local real estate specialists agreeing to head up its brand on the NSW Central Coast. The local quartet of Geoff Tilden, Brad Rogers, Sue Tilden and Naomi Rogers will lead Raine & Horne Commercial’s Central Coast operations. Mr Tilden, who started his real estate career in commercial and industrial property sales in Sydney in the 1980s, is…
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FRANCHISE NEWS
Stone Real Estate opens Logan franchise
Real estate franchise network Stone is set to capitalise on the growth potential of Logan, Queensland, with a brand new office. Local agent Jason Savage will open the office in what is a strategic move in Stone’s expansion strategy. With a population of just shy of 350,000, Logan is located between Brisbane, Ipswich and the Gold Coast, with easy access…
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Real Estate News
Australia’s housing and rental affordability declines
Overall rental and housing affordability has fallen in Australia in the March quarter, according to new data from REIA. The latest Real Estate Institute of Australia’s Housing Affordability Report has found housing affordability has improved in NSW and South Australia, remained steady in Western Australia and the Australian Capital Territory but it declined in Victoria, Queensland, Tasmania and the Northern…
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BTW
Economic activity increased 1.8 per cent in March quarter
Australia's GDP rose by 1.8 per cent in seasonally adjusted terms in the March quarter, according to the ABS.
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Real Estate News
REA finds property seekers want energy efficient homes
Energy-efficient ratings and features have become increasingly important factors for Australians looking to rent, buy or build, according to new data from REA Group.
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BTW
Sales of Crown Group’s Mastery apartments soar
Mastery by Crown Group has experienced a spike in sales as demand for apartments rises.
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BTW
Perth home values up 10 per cent in past 10 months
Perth home values have now increased by 10 per cent over the past 10 months.
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BTW
Detached dwelling approvals break another record in April
Detached dwelling approvals hit a new record nigh in April, according to HIA.
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Real Estate News
RBA leaves official cash rate at 10 basis points at June meeting
The Reserve Bank has again opted to maintain its current policy settings at its monthly Board meeting, including keeping the official cash rate at the historic low of 10 basis points.
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Real Estate News
Australian residential property values rise by 2.2 per cent in May
Housing markets continued to surge throughout Australia in May, with CoreLogic's national Home Value Index rising by 2.2 per cent over the month.
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