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BTW
Leading Sydney Inner West specialist joins BresicWhitney
Leading Inner West specialist Frederico Fraga-Matos has joined leading property group BresicWhitney
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INDUSTRY NEWS
Victorian property market not all one-way
Demand for regional Victorian property continued in 2022 with house prices rising eight per cent.
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INDUSTRY NEWS
Australia’s rich-listers buy and sell over Christmas
Australia's mega-rich have been buying and listing lavish properties during the Christmas-New Year period, with Atlassian Co-founder Scott Farquhar paying a whopping $130 million for the Point Piper trophy home ‘Uig Lodge’.
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BTW
Castle Hill and Hawkesbury offices enhance McGrath West Group footprint
McGrath West Group announces the acquisition of McGrath's Castle Hill agency as well as the opening of a new Hawkesbury office next month.
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FRANCHISE NEWS
Popular Perth agent joins RE/MAX Extreme
Successful and sought-after real estate agent, Deirdre McTiernan, is the most recent key appointment to the RE/MAX Extreme team.
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Celebrity Homes
Dr. Dre offloads Calabasas pad for US$6 million
Rapper and record producer Dr. Dre has offloaded a sprawling Calabasas property for US$1 million more than he paid in 2018.
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INDUSTRY NEWS
Construction costs show signs of easing after record increase
Residential construction costs rose by a record amount last year, new data shows, but signs of a slow down emerged in the latter months of 2022.
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INDUSTRY NEWS
When should NSW first-home buyers consider stamp duty over property tax?
It would take more than a decade for first-home buyers in NSW to be better off opting for stamp duty over the state's new property tax, though the scheme does risk inflating prices for properties under $1.5 million, Domain's Chief of Research and Economics says.
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INDUSTRY NEWS
Entire Tasmanian town of Tarraleah is back on the market
Tarraleah, a former hydro town in Tasmania, is back on the market following a Covid-disrupted campaign, with listing agent Ed McKay hoping 3D tours and a targeted video campaign will help bring it to the attention of high-profile investors.
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INDUSTRY NEWS
Call for athlete villages to be turned into low-cost housing
Real estate bodies and community housing advocates have called on the Victorian Government to turn Commonwealth Games accommodation, built for athletes in rural areas, into much-needed social and low-cost rental homes once the games are over.
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INDUSTRY NEWS
@realty creates a free AI tool for all agents to use
The real estate sector has experienced a major shift in the way agents and agencies conduct their business.
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PROSPECTING + LISTING
Top 5 tips for reinventing your listing presentation
Every agent knows the listing presentation is one of, if not the, most important tool to secure new listings.
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INDUSTRY NEWS
New UK start-up aims to split costs of owning a second home
A UK-based fractional ownership startup that aims to make owning a second home more affordable has launched, offering the chance to purchase a share in one of four luxury London apartments.
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Celebrity Homes
Cole and Kelsea Moscatel buy big in Texas
Los Angeles-based social media influencers and reality TV personalities Cole and Kelsea Moscatel have made a big purchase in Texas, snapping up a luxurious mansion in Dallas for US$2.3 million.
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INDUSTRY NEWS
Australia’s top 100 streets for property values revealed
A new report from Suburbtrends has uncovered the top 100 streets in Australia for high-value properties.
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BTW
Bricks + Agent acquires Maintenance Manager
Australia and New Zealand’s largest property maintenance platform Bricks + Agent has acquired its largest competitor Maintenance Manager, from Home Trades Hub Australia (HTHA) - owned by RACV and IAG Insurance.
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INDUSTRY NEWS
Casey Estate Agents are preventing property manager burnout in 2023
Melbourne-based property management agency, Casey Estate Agents, are giving their team access to technology that will streamline their workload and help manage burnout, particularly over the school holiday.
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INDUSTRY NEWS
Western Australia’s housing supply hits a new low
The number of properties for sale and rent in Western Australia hit a 12-year low in December, according to the Real Estate Institute of Western Australia.
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Celebrity Homes
Sunscreen king’s party palace hits the market for $US5.99 million
The oceanfront mansion of Ron Rice, the late sunscreen lotion tycoon and founder of the Hawaiian Tropic brand, is on the market for US$5.99 million.
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COMMERCIAL
Why electric vehicles don’t pose a threat to service stations just yet
Service stations were one of the standout assets during 2022, with the threat posed by the increased uptake of electric vehicles unlikely to be a drag on their values for some time, according to one expert.
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BTW
Property Council welcomes first-home buyer support
Property Council Australia Acting NSW Executive Director Adina Cirson said stamp duty "deserves to be on the chopping block".
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INDUSTRY NEWS
The best locations for cash flow in 2023 revealed
Property investors chasing lower holding costs should set their sights on larger regional cities, according to a new report from Propertyology.
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INDUSTRY NEWS
Building approvals fall again as RBA’s rate rises hit home
An economist is urging the Reserve Bank of Australia to "hold fire" on future rate rises after new building approvals declined again during the month of November.
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INDUSTRY NEWS
New property listings plunge in December as homes stay on the market longer
The number of new listings hitting the market in December fell by 31.1 per cent when compared with Novembers figures, according to the latest update from SQM Research.
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Celebrity Homes
Red Hot Chili Peppers star ‘Flea’ selling Aussie home
Red Hot Chili Peppers bassist and songwriter Flea is selling his Australian beachside retreat, where the band wrote some of their best-selling music.
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Real Estate News
Australian property values record largest decline on record
Australian property values have clocked the largest decline on record, dipping by 8.4 per cent between their peak on May 7 2022 and January 7 2023, according to CoreLogic.
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INDUSTRY NEWS
NSW Labor to shake up pets in rentals and stamp duty if elected
NSW Labor has hit the campaign trail hard, promising to extend first-home buyer stamp duty exemptions and make renting with pets easier if elected in March.
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INDUSTRY NEWS
Homebuyers ditch location for lifestyle
Once real estate was all about location, location, location, but now lifestyle, lifestyle, lifestyle is at the forefront of buyers' decision making, according to a leading property expert.
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BTW
REIQ appointed to housing supply expert panel
Antonia Mercorella will form part of the Queensland Housing Supply Expert Panel.
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INDUSTRY NEWS
New population report reveals what Australia’s cities will look like in 2033
Melbourne remains on track to overtake Sydney as the country's largest city within the next decade, according to new modelling.
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INDUSTRY NEWS
2022 the worst year for property price drops since the GFC
December home price figures paint a mixed picture for a property market that came under intense pressure from rising interest rates during 2022, with some smaller capital cities still recording positive price growth despite a decline in national values not witnessed since the Global Financial Crisis.
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WEIRD AND WONDERFUL
Captivating restored US mansion ready for auction
Often referred to as the “White House of the West”, one of America’s most captivating mansions has hit the market in Tacoma in Washington state. The circa 1907 property, known as Rust Mansion, was originally designed by architect Ambrose J. Russell for William Ross Rust, who ran the American Smelting and Refining Co. Spread across four expansive floors, Rust Mansion…
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APPOINTMENTS
Glenn Sanford appointed eXp Realty CEO again
Glenn Sanford has again been appointed as chief executive officer of eXp Realty, the virtual real estate brokerage he founded in 2009.
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Real Estate News
Perth property prices tipped to rise in 2023
Low stock levels and high demand will continue to see property prices rise in Australia’s most affordable capital city - Perth - in 2023.
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INDUSTRY NEWS
Simon Pressley’s 2023 property market predictions
House prices will rise between two and seven per cent in the majority of capital city and regional locations in 2023, a leading property analyst has predicted.
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