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FRANCHISE NEWS
Australian RE/MAX agents top commission earned globally
Australia had the highest level of average commission per agent in 2022 throughout the 140,000-plus agents in the global RE/MAX network, and the second highest number of sales transactions globally in 2022.
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INDUSTRY NEWS
Auctions rebound in second busiest week of year
As predicted, auctions rebounded last week, with 2234 properties going under the hammer - the second largest number this year.
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Celebrity Homes
Robert De Niro’s apartment from Heat hits the market
A stunning Malibu oceanfront property has hit the market for US$21 million after claiming fame in the 1995 crime thriller, Heat.
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INDUSTRY NEWS
Introducing the AREAs finalists for 2022
REA Group has today announced the 2022 Annual REA Excellence Awards (AREAs) finalists, with winners set to be announced at a national event on Thursday 27 April.
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INDUSTRY NEWS
The Sydney suburbs bucking the trend with double-digit growth
Despite property prices declining across Sydney over the past 12 months, a number of suburbs have seen double-digit capital growth with values potentially “bottoming out”.
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BTW
Hockingstuart’s expansion in Melbourne’s growth corridors
The brand has recently added new Victorian offices in Dandenong, Bundoora and Warragul and Williamstown.
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INDUSTRY NEWS
New Zealand’s high-end properties have fallen in value by up to $300,000
New Zealand’s wealthiest suburbs are being hardest hit by the current market slowdown, with values falling by up $300,000 in some suburbs.
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INDUSTRY NEWS
Ray White Real Estate of Origin nets 6600 appraisals in less than a day
Ray White’s 11th Real Estate of Origin call-a-thon hit a new level this week, with more than 6600 appraisals booked across Australasia. Powered by the group’s PropTech platform, NurtureCloud, the four-hour blitz saw Queensland win bragging rights, with 2786 appraisals booked, followed by New Zealand with 1507 appraisals scheduled. NurtureCloud uses machine learning, data automation and market intelligence to help…
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FRANCHISE NEWS
How three mates started their own agency and simplified their lives
I’m sure you’ve heard the story that being the principal of a real estate agency can be hell.
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APPOINTMENTS
Richardson & Wrench appoint new Head of Network Growth
Jacki Williams, the newly appointed Head of Network Growth for Richardson & Wrench, grew up literally dining out on real estate. Her family has been in the business for most of her life, so property has been a common topic of conversation around the dinner table. “I learnt early on to love the thrill of negotiation; the back and forwards…
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Real Estate News
Rental rates soar to new heights
Weekly rent for a three-bedroom house in Brisbane has experienced the highest annual increase this century, with little relief in sight for renters according to fresh data.
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INDUSTRY NEWS
Real estate agency ordered to pay after advertising mislead buyer on air-conditioning
A Melbourne real estate agency has discovered the hard way that it pays to get your listing copy right after being ordered to pay more than $6000 to a vendor who bought a home on the assumption it had refrigerated cooling.
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FRANCHISE NEWS
Awards flow for RE/MAX Revolution
The Shailer Park real estate team took major awards at RE/MAX Australia’s annual gala awards event held on 16th February at Brisbane City Hall, with individuals and teams, agents, administrators and property managers all receiving accolades.
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INDUSTRY NEWS
Professionals Granger Clark Real Estate on the past 12 months with RiTA
There is gold in every database. For Matt Condit, Licensee and Principal at Professionals Granger Clark Real Estate, having RiTA engage with their database was a huge game changer.
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BTW
1000 agents join LJ Hooker
An energised LJ Hooker network is attracting staff in a changing market.
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OPINION
Jimmy Burgess: why comfort is a killer
Comfort is the enemy of growth according to top US real estate agent and coach Jimmy Burgess.
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INDUSTRY NEWS
Property values higher than before the pandemic
National housing values are still 14.8 per cent higher than they were at the start of the Covid pandemic, despite recent property value falls.
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FRANCHISE NEWS
The Caple Team joins RE/MAX Bayside Properties
RE/MAX Bayside Properties has added the highly-decorated Caple Team to its line-up as Hayley Van de Ven’s Limitless Group goes from strength to strength.
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Celebrity Homes
Kylie and Kendall Jenner’s holiday villa hits the market
Sol de Oriente, the stunning villa that Kylie and Kendall Jenner rented for a vacation in early 2021, is now on the market for $15 million.
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INDUSTRY NEWS
Auctions dip with public holiday, but tipped to rebound next week
Auction volumes and clearance rates took a bit of a dip over the weekend with a public holiday on Monday in four of the eight states and territories to blame, according to experts.
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EPM: Industry News
City vacancy rate drops below regional areas
The national vacancy rate has fallen to just 1.47 per cent, less than half the level seen before the pandemic, according to the latest PropTrack figures.
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BTW
REIA 2023 National Awards for Excellence winners announced
REIA National Awards for Excellence winners have been announced at the at the Crown Ballroom in Perth tonight, which was hosted by the Real Estate Institute of Western Australia.
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FRANCHISE NEWS
Deborah Evans takes out global network’s top career award
Deborah Evans’s name is well known in the real estate domain, both in the industry and her marketplace.
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FRANCHISE NEWS
Urban & Rural Partners clocks up a year of success with the Agents’Agency
Looking back on his first year with the Agents’Agency, Adelaide auctioneer and sales agent Nigel Christie only has one regret – he wishes he’d done it 10 years ago.
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Celebrity Homes
Powerball winner splashes his cash on Hollywood home
The winner of a US$2 billion lottery prize hasn’t wasted any time spending the money, splashing $25.5 million on a hillside mansion in the star-studded Hollywood Hills.
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INDUSTRY NEWS
Foreign investment is down, but for how long?
Foreign investment in Australian real estate fell over the last quarter, but a recent uptick in enquiries from Chinese buyers suggests the downturn will be short lived.
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INDUSTRY NEWS
February listings rebound as Autumn selling season approaches
New property listings increased by nearly 25 per cent over the month of February, though they remain below 2022's strong levels.
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INDUSTRY NEWS
House prices: why this key figure is more important than mortgage rates
Population growth has a far bigger impact on property prices than mortgage rates, according to a new report from Domain.
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Celebrity Homes
Carey Mulligan, Marcus Mumford relist LA pad after 6 months
Carey Mulligan, the two-time Oscar nominee, and her husband, Grammy-winning musician Marcus Mumford, have put their 1920s Spanish Revival-style home located above Los Angeles' Sunset Strip back on the market.
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INDUSTRY NEWS
Entry Education expands and sets a new pace in NSW
Australia's largest real estate academy, Entry Education, is expanding its operations in NSW.
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INDUSTRY NEWS
RBA Governor indicates a rates pause could be on the way
Reserve Bank of Australia Governor, Philip Lowe, has given his strongest indication yet that a rate rise pause is on the cards.
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INDUSTRY NEWS
Fair Trading to start attending OFIs from late March
NSW Fair Trading representatives will begin attending rental inspections from late March to ensure compliance with new rent bidding laws, the government has confirmed.
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Real Estate News
Agent warns of the risk of overpricing rental properties
Brisbane-based real estate agency Place Sunnybank has drawn attention to the risk of landlords overpricing their properties in a post that's gone viral online.
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LEADERSHIP
International Women’s Day: What it means to the real estate industry
To celebrate 2023’s International Women’s Day, we spoke to some of the most inspiring and influential leaders in the real industry to find out how real estate has changed in recent years, what needs to be done better and their advice for women starting out in the industry.
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Real Estate News
RBA announces tenth consecutive rate rise at its March meeting
The Reserve Bank of Australia has increased the cash rate by 25 basis points at its March meeting, taking it to 3.6 per cent.
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