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INDUSTRY NEWS
MRI Software a step closer to PropTech Group acquisition
MRI PropTech group is edging closer to closing its deal for ASX-listed PropTech Group, with PropTech shareholders voting to approve the scheme of arrangement that will see MRI subsidiary Rockend Technology take over the Australian company.
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SUPPLIER NEWS
REA Group changing the narrative to build confidence
REA Group is campaigning to change the doom and gloom perception of the current property market.
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INDUSTRY NEWS
Borrowers look to refinance as rates rise
Refinancing could hit record highs this year following yesterday’s cash rate rise and with another widely predicted in March.
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BTW
Anne Duncan Real Estate partners with Ray White
Anne Duncan, who was commenced as a foundation member at Ray White in 1993, returns to the brand.
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INDUSTRY NEWS
The landscaping trends set to be a hit in 2023
Earthy colours along with timber and stone-based structures are set to be the major trends in landscaping this year, predicts Landart founder Matt Leacy.
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APPOINTMENTS
5 questions with Kay & Burton’s new CEO Nathan Jones
Nathan Jones has been announced as the new CEO of Melbourne and Mornington Peninsula-based agency Kay & Burton.
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INDUSTRY NEWS
ANZ buys stake in Catalano’s View Media Group
ANZ has spent about $50 million to acquire a stake in View Media Group, majority owner of listings portal realestateview.com.au, in a move intended to see the major bank grow its mortgage book.
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INDUSTRY NEWS
Prices forecast to decline as much as 10pc in 2023: PropTrack
A new report from PropTrack shows that property prices are on track to decline by between seven and 10 per cent in 2023, with faster-than-anticipated interest rate rises to blame.
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INDUSTRY NEWS
Most economists are tipping a rate rise in February, but how much further will the RBA go?
Most economists are tipping a 25 basis point increase to the official cash rate after the Reserve Bank of Australia meets for the first time in 2023.
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BTW
Kay & Burton appoints CEO ahead of transformative 12 months
Former Buxton CEO Nathan Jones is taking the reins at Kay&Burton.
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INDUSTRY NEWS
Latest lending figures could be bad news for the rental market
A property expert says a decline in new investor lending could be a sign that the rental crisis is set to get worse following the release of the latest ABS lending data.
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FRANCHISE NEWS
Penrose Real Estate open new doors with launch of new brand
Grant and Christina Penrose have launched a new real estate brand with customer service at the heart of its ethos.
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FRANCHISE NEWS
Maleny Realty enters an exciting new era with Agents’Agency
Twenty-five years after first opening its doors, a Sunshine Coast agency has entered a new era, with Maleny Realty joining the growing ranks of the Agents’Agency network.
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SUPPLIER NEWS
First National to use REA Group’s Connect platform for digital prospecting
Agents across First National Real Estate’s 200-plus offices will be able to access REA Group’s Connect platform after the two companies announced a partnership agreement.
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BTW
Stone Real Estate launches Glenorie office
Boutique real estate network Stone has launched Stone Glenorie, led by husband and wife team Amanda and Rhys Coles.
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BTW
Leading commercial outfit joins Laing+Simmons
Michael Buium and his team are now part of the Laing+Simmons family, based in Randwick.
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Celebrity Homes
James Corden’s $22 million LA estate hits the market
Carpool Karaoke creator and late-night talk show host James Corden has officially put his luxurious Los Angeles estate on the market with an asking price of US$22 million.
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INDUSTRY NEWS
Office vacancy figures show mixed outlook for cities
Businesses and workers continue to slowly trickle back into city CBDs, with new data showing demand for office space increased an average 0.1 per cent in the past six months.
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BTW
LJ Hooker Property Centre expands with South-East specialists
LJ Hooker Property Centre welcomes the team from independent operator Julie Harris Realty into the fold.
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INDUSTRY NEWS
Young buyers consider teaming up for first purchase
New research from NAB has found that 40 per cent of young Australians would consider buying property with someone other than a romantic partner as a way to get their foot on the property ladder.
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Celebrity Homes
Futuristic The Jetsons-like home is out of this world
A piece of Hollywood history is up for grabs, with the iconic 'Garcia House', which was inspired by the futuristic animated series The Jetsons hitting the market for US$16 million.
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INDUSTRY NEWS
If Winston Churchill were a real estate agent, this is what he might say…
We asked ChatGPT to give us some motivational words of wisdom for real estate agents, channeling one of the 20th century's most revered leaders, the late British Prime Minister Winston Churchill, as inspiration. Here's what it came up with.
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FRANCHISE NEWS
Mathew and Brooke Iuliano Partner with UrbanX
Committed to staying ahead of the industry, Mathew and Brooke Iuliano are leveraging the support of UrbanX, launching the progressive agency, Mavis.
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INDUSTRY NEWS
NZ records 10th month of property value declines
Property values across New Zealand fell 0.3 per cent over January, continuing a downward trend that's lasted 10 months.
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INDUSTRY NEWS
Pace of property value declines eased in January, new data shows
The rapid pace of property price declines appears to have slowed, with most capital cities recording only a moderate decline in values during January, new data from PropTrack shows.
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INDUSTRY NEWS
Return of overseas students could place further pressure on rents
An anticipated increase in the number of overseas students coming to Australia following the Chinese Government's edict that students must return to face-to-face study could lead to rent rises of five per cent or more, one expert predicts.
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BTW
Leading brand opens new office in Mount Lawley
Acton | Belle Property welcomes Chris Pham and Scott Fletcher to the team with opening of new office.
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BTW
Sam Towndrow joins forces with BresicWhitney
Sam Towndrow joins the team at Bresic Whitney after seven years at Ballard Property Double Bay.
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INDUSTRY NEWS
REACH Australia announces class of 2023
Second Century Ventures, the strategic investment arm of the National Association of Realtors and the most active global real estate technology fund, has announced the acceptance of eight companies to the 2023 REACH Australia program.
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INDUSTRY NEWS
Auction action: What happened over the weekend and what’s in store for 2023
Auctions are back after the summer holiday break, although activity remains subdued in Australia's major cities.
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INDUSTRY NEWS
Brisbane property prices fall by a record 10.9 per cent
After property prices in Brisbane boomed by more than 40 per cent during the pandemic, values are now falling at a record-setting pace.
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Celebrity Homes
Britney Spears looking to offload her Calabasas mansion after six months
After less than six months of ownership, popstar Britney Spears is quietly shopping around her massive Calabasas mansion, asking US$12 million for the luxury home.
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BTW
McGrath opens a new office in dynamic Beecroft
McGrath Estate Agents has opened a new office in Beecroft to further consolidate its presence in this important market of Sydney’s northwest corridor, servicing the affluent family-focused areas of Beecroft, Cheltenham, Cherrybrook and Pennant Hills.
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INDUSTRY NEWS
Zillow’s new AI-powered tool finds your perfect home with one sentence
US listings portal Zillow has launched a new AI-powered feature that lets prospective buyers search for homes in the same way they would describe it to their friends and family.
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INDUSTRY NEWS
Keller Williams lawsuit: Is this the end of cold calling?
US real estate firm Keller Williams has agreed to pay US$40 million as part of a settlement agreement after it faced a class action lawsuit alleging it had violated the Telephone Consumer Protection Act, raising questions about the viability of cold calling.
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