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INDUSTRY NEWS
Mortgage affordability declines, rent crisis eases slightly: REIA
Mortgage holders are facing an increased financial strain for mortgage holders but renters have been given a slight reprieve, according to the Real Estate Institute of Australia's latest affordability report.
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FRANCHISE NEWS
Top Sydney agents step up with new agency
The Northern Beaches of Sydney beware… Chris Aldren and Tulo Sila have joined forces to launch The North Agency, in partnership with UrbanX, and are set to seriously step up the real estate game.
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Celebrity Homes
London’s most expensive mansion, The Holme hits the market
London’s most expensive home, The Holme, is back on the market for $446 million (£250 million) after being repossessed by receivers.
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BTW
Kay & Burton unveils brand evolution
Leading premium real estate agency Kay & Burton has unveiled its brand evolution project which will re -establish its preeminent position as the advisor of choice for the most coveted property in Australia.
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INDUSTRY NEWS
Share of sub-$400 per week properties falls sharply
The number of rental listings asking for $400 per week or less on realestate.com.au has nearly halved in the past year, new data shows.
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INDUSTRY NEWS
Inspect Real Estate joins forces with Reapit ANZ
Reapit ANZ, backed by US private equity firm Accel-KKR, has added local real estate software company InspectRealEstate to its portfolio.
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LEADERSHIP
Tim Duggan’s Cult Status: Five ideas that’ll help your business stand out
In his book Cult Status, Tim Duggan explores the strategies that businesses can use to create a loyal following of passionate fans.
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BTW
Laing+Simmons Mount Druitt turns 20
Principal Basel Nahas says a lot has changed in real estate and the area over the past 20 years.
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Celebrity Homes
Eva Longoria and José Bastón selling Beverly Hill estate
Showbiz power couple Eva Longoria and José Bastón are on the move, putting their Beverly Hills estate on the market with a Hollywood A-lister asking price of US$22.888 million.
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INDUSTRY NEWS
Rate cuts could begin from 2024, Westpac says
The Reserve Bank of Australia is expected to issue seven rate cuts between 2024 and 2025, according to a new forecast from Westpac, but not before the cash rate reaches a high of 4.1 per cent.
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BTW
McGrath targets Strathfield with a new office for metro Sydney
Principals Tarun Sethi and Michael Murphy welcomed 500 clients, colleagues and community members to celebrate the event at Strathfield Golf Club.
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BTW
Two of Australia’s best acquire Atlas franchises
Atlas Lower North Shore and Atlas Byron Bay are set to continue their incredible momentum with one of Australia's top prestige agents, Michael Coombs, and experienced real estate executive Peter Kakos, securing the franchise rights of the offices.
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Celebrity Homes
Claire Holt lists Beverly Hills pad bought from Will Arnett
Australian actress Claire Holt and her real estate executive husband Andrew Joblon have listed the Beverly Hills home they purchased from actor Will Arnett almost two years ago. The couple purchased the property for US$7.85 million and have now listed it for US$10.25 million, having made several customisations, The Dirt reports. Holt is best known for her roles in The…
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BTW
Harcourts Carrum Downs goes from strength to strength
Harcourts Carrum Downs goes from strength to strength with Kim Ward joining.
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INDUSTRY NEWS
Gold Coast predicted to take an increasing slice of the population pie
The Gold Coast is set to benefit from an increasing share of overseas migration to Australia, helping prices there remain resilient, a leading economist has predicted.
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INTERNATIONAL
US market down $2.3 trillion since peak
New figures from Redfin show the US housing market has lost 4.9 per cent, or US$2.3 trillion, in value since its peak in June.
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INDUSTRY NEWS
Sydney beats out Geneva, Paris for super prime sales
Sydney ultra high-end market has proven relatively resilient to economic headwinds, according to new research from Knight Frank.
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INDUSTRY NEWS
Domain sees spike in rental demand coming from China
New figures from Domain show Australia's vacancy rate remained stubbornly low during February, with the company reporting a spike in rental search traffic from China.
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Celebrity Homes
Britney Spears sells Calabasas house at a loss
Britney Spears has sold her sprawling Calabasas mansion for just over US$10 million, a significant loss from the US$11.7 million she paid for it just eight months ago.
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BTW
Harcourts Property Centre program supporting businesses to work within their business
Harcourts Property Centre have been working diligently over the past 12 months to create a special environment in which people can thrive.
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INDUSTRY NEWS
APRA chooses not to loosen borrowing restrictions
The Australian Prudential Regulation Authority has declined to loosen its current serviceability buffer for new home loans despite from the banks to do so.
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BTW
Laing+Simmons office join The Abassi Group
Today marks an important milestone for the award-winning Laing+Simmons The Abassi Group, with the network’s Caddens | Penrith office officially joining one of western Sydney’s most progressive and fast growing real estate outfits.
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Real Estate News
Former Block winners to host Location, Location, Location
After nearly a decade off our screens, the property show Location, Location, Location is set to return with a pair of familiar faces at the helm.
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INDUSTRY NEWS
Perth rents reach all-time high
Perth’s median rent reached an all-time high of $535 per week in February, with vacancy rates remaining well below what's considered a balanced market range.
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Celebrity Homes
REA Group’s Owen Wilson selling in Toorak
Owen Wilson, CEO of REA Group, has put up his Toorak mansion for sale with an asking price of $16 million to $17 million.
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INDUSTRY NEWS
Elders opens six new locations with Emms Mooney Acquisition
Elders will significantly expand their NSW footprint, announcing the acquisition of the Emms Mooney real estate and livestock business from 1 March 2023.
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INDUSTRY NEWS
New Zealand value decline re-accelerates in February
The downturn in the New Zealand property market gained renewed pace in February, with values falling at their fastest rate since October 2022.
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INDUSTRY NEWS
Is the downturn over? Home values bounce back in February
Australia's property values increased slightly in February, according to PropTrack, while separate figures from CoreLogic also show the downturn losing steam.
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Elite Agent
Elite Retreat Bali 2023: Is it possible to build a zero cost business in the AI age?
Artificial intelligence: It's been heralded as the 'Industrial Revolution 4.0' and, for agents willing to think outside the lines, it could be the key to your brand's future expansion.
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INDUSTRY NEWS
New ABS figures reveal knockdown hotspots
The number of demolition projects in Australia is predicted to fall in the coming 12 months, but some areas are still seeing a high level of knockdown activity, according to new analysis.
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Celebrity Homes
Mark Wahlberg sells his LA mansion at a discount
Actor Mark Wahlberg has sold his palatial Los Angeles mansion, located in the Beverly Park enclave, for US$55 million in a cash deal.
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INDUSTRY NEWS
The Queensland agency offering to cover six months rent or mortgage payments
With the cost of living crisis taking its toll on Australian households, one Queensland real estate agency has taken matters into its own hands.
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BTW
Mortgage Choice launches new national brand campaign targeting refinancers
Mortgage Choice will hit screens nationally this week with the latest iteration of its ‘You’re Never a Loan’ brand campaign.
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INDUSTRY NEWS
Why the regional sea and tree change trend isn’t over yet
Predictions of a mass return to the cities following the end of the Covid-19 pandemic have been overstated, according to one expert who is predicting continued growth in regional property markets.
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Celebrity Homes
Cathy Freeman’s former home hits the market
Cathy Freeman's former home in Kew, where the athlete lived when she won Olympic gold at the 2000 Sydney games, has hit the market with a listing price of $3.8 million to $4.1 million.
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