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INDUSTRY NEWS
Expensive property markets leading the downturn but end could be in sight
The country’s most expensive property markets have been bearing the brunt of higher interest rates, however, 2023 could mark a slowing in the rate of declines according to a new report. CoreLogic’s annual Best of the Best Report for 2022, found that Sydney has been hit hardest by rising borrowing costs along with other higher-priced housing markets. CoreLogic Head of…
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Kyle Raven launches with UrbanX – the way of the future for high-performing agents
For 15 years, Kyle Raven has built a reputation around his passion for real estate and the time has come for him to put his own name on the door, launching Kyle Raven in Wangarrata, Victoria.
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BTW
It’s Celebration Time as Two Gold Coast Real Estate Families Unite
The possibility of a merger between Jean Brown Properties and The Catanzariti Family Group provided an unprecedented opportunity to combine their talents under a single real estate brand. The Announcement: With the pop of the champagne, and the raising of glasses, it was the beginning of a new relationship for two of the Gold Coast’s top-performing real estate businesses. The celebration…
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INDUSTRY NEWS
Rising costs forcing renters back into share accommodation
Rising living costs are forcing more people back into share accommodation, as renters continue to get squeezed.
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Elite Agent TV
Cara Atchison: Survivor, people skills and real estate
It was always likely a real estate agent would make a formidable contestant on Survivor. After all, it’s a reality TV show where agent skills like strategy, understanding people, and playing the long game all come into play.
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Realestate.com.au launches new rent campaign
Australia’s number one site for renters, realestate.com.au, has launched its latest rental campaign in time for the peak summer period.
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BTW
Raine & Horne Rural Gloucester opens renovated ultramodern office
The refit of the iconic Gloucester building is the first time Andrew Tregent who is part of the management team at four Raine & Horne’s offices on the NSW Central Coast, has been able to develop a purpose-built real estate office from the ground up. The Announcement: Specialist local rural real estate brand Raine & Horne Rural Gloucester has made…
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INDUSTRY NEWS
More growth on the cards for The Agency on the Apple Isle
Tasmania is shaping up to be a major player in The Agency’s push to increase its national presence, with the brand flagging more growth is on the cards in the new year.
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Elite Agent TV
Michael Choi on Area Specialist’s approach to real estate
When Michael Choi founded Area Specialist in 2006 he did so with the goal of helping other agents build their business within his business.
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Queenslanders cop the biggest rent rise in nearly 20 years
Rents have risen sharply across the country over the past 12 months, with Queenslanders being hit with the biggest increase in nearly 20 years.
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Tough conditions for mortgaged New Zealand investors
Homeowners across New Zealand who own multiple mortgaged properties face tough buying conditions as regulations and higher interest rates make it harder to purchase homes.
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BTW
Strong growth for northern Gold Coast operator
Peter Catanzariti attributes the growth to the hard work of his talented team who are committed to providing their clients with the best results.
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INDUSTRY NEWS
Cunninghams expands on the Northern Beaches
Cunninghams Northern Beaches has continued its expansion after merging with the former LJ Hooker Collaroy team.
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APPOINTMENTS
RE/MAX Extreme appoints Cheryle Rainey as operations manager
RE/MAX Australia has appointed Cheryle Rainey to the role of operations manager with RE/MAX Extreme, while Alana White has moved into a consultative capacity in the business.
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FRANCHISE NEWS
Coastal Noosa launches with UrbanX
For Pat Johnson and Rick Daniel, real estate is in their DNA. They love that real estate has connected them with so many interesting people and provided them the opportunity to help others with solutions to all their buying and selling needs. In fact, they love it so much they’ve launched their own agency, Coastal Noosa, in partnership with UrbanX. …
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FRANCHISE NEWS
Kyle Raven soars after launching with UrbanX
For 15 years, Kyle Raven has built a reputation around his passion for real estate and the time has come for him to put his own name on the door, launching Kyle Raven in Wangaratta, Victoria. Kyle’s dedication, discipline, and expertise in the field has now led him to partner with UrbanX to bring a consistent high standard to his…
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INDUSTRY NEWS
Property market was a rollercoaster in 2022
From a once-in-a-generation property boom to a clear downturn, Australia’s property market has been a rollercoaster in 2022.
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BTW
Carey Smith recognised for contributions to real estate industry
Ray White New Zealand has grown from 56 offices to 195 offices with its market share sitting at 23.86 per cent of all residential property sold across the country. The Announcement: Ray White New Zealand Executive Chairman Carey Smith has been recognised as a life member by the Real Estate Institute of New Zealand for his contribution to REINZ and…
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Commercial property in regional Australia to outperform
Commercial property in regional Australia is set to benefit from the changing demographics experienced during Covid with Queensland likely to be the big winner according to a new report.
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Explore Property opens another office to finish the year
With Whitsundays, Mandurah, Augusta and now Atherton Tablelands on board Explore Property continue its emergence through 2022.
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INDUSTRY NEWS
Refinancing burst takes off as rates rise
More Australians are refinancing their home loans at greater rates and for larger amounts on the back of rising interest rates, new data shows.
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INDUSTRY NEWS
Big Four banks quick to pass on interest rate rise
Well, that didn’t take long. Just a few hours after the Reserve Bank lifted the cash rate 25 basis points to 3.10 per cent at its final meeting for 2022, all four big banks announced they would pass the hike on in full.
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Celebrity Homes
Ariel Winter leaves LA for a quieter life
Modern Family star Ariel Winter has traded in her LA farmhouse for a near-new Nashville home in a bid to leave the paparazzi behind and lead a “normal existence”.
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Real Estate News
REIV calls on re-elected State Government to act on stamp duty reform
Disappointed that the real estate sector still doesn’t have a dedicated ministerial portfolio, the Real Estate Institute of Victoria is calling on the re-elected State Government to focus on “good property sector policy”.
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Adelaide and Brisbane to be the strongest performers in 2023
The smaller capital city markets of Adelaide and Brisbane are set to be the top-performing property markets of 2023 according to a new report.
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Real Estate News
Jarrod O’Neil joins The Agency in WA
One of Western Australia's top real estate agents and recently crowned REIWA Grand Master for 2021/2022, Jarrod O'Neil, has joined The Agency.
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INDUSTRY NEWS
Auction clearance rates hit a seventh-month high
Auction clearance rates have bounced back to a seventh-month high as vendors are now more prepared to meet the market according to a new report.
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INDUSTRY NEWS
New home lending falls to lowest level in three years
New home lending has fallen to the lowest level in three years as industry experts believe it's time for the RBA to stop hiking interest rates.
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BTW
Ray White SA’s top salesperson opens new business
Matthew Lindblom, Chief Executive Officer of Ray White South Australia, congratulated Stefan Siciliano on the launch of his new business. The Announcement: Top Ray White South Australian agent Stefan Siciliano has opened Ray White Prospect to service Adelaide’s inner suburbs. Mr Siciliano has been named the network’s top salesperson for three years running after beginning in the industry seven years…
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INDUSTRY NEWS
Auction volumes drop across Sydney in November but sentiment starting to change
Sydney auction volumes have halved compared to this time last year as uncertain vendors have moved across to private treaty sales according to an expert.
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Celebrity Homes
Mark Wahlberg relists Beverly Park mega-mansion at a lower price
Mark Wahlberg has relisted his luxury Beverly Park mansion and is looking at taking a US$8 million haircut in the process.
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INDUSTRY NEWS
Cash rate expected to rise again on Tuesday
The odds of another cash rate rise at this month’s Reserve Bank of Australia (RBA) meeting remain high, with 88 per cent of experts tipping another hike is on the cards.
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INDUSTRY NEWS
Vacancy rates hold steady in November
Vacancy rates across the country remain at record low levels, holding steady at 0.8 per cent according to Domain.
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BTW
‘Job crafting’ the new Harcourts NSW BOM role
The appointment has paved the path for a new opening within the Harcourts corporate team as they begin to actively search for a specialised admin support role to underpin the entire team’s day-to-day activities. The Announcement: The innovations continue at Harcourts with the creation of a new position. Harcourts New South Wales is delighted to announce that Corie Forsack has…
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BTW
McGrath South Yarra expands with Hayden Melbourne to spearhead growth
The expansion, according to Charlie Clemons and Shaun Broadbent, the principals of McGrath South Yarra, was a significant accomplishment for the company and would give the team an opportunity to grow following the hardships of the pandemic. The Announcement: McGrath South Yarra has announced plans to expand through Melbourne’s Inner East as it joins forces with Hayden Melbourne, an agency with a…
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