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Digital signatures the most valuable tech tool for agents
Digital signatures, a lockbox and apps and technology that connect to listing portals, are the most important technology for real estate agents according to a new US survey.
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The 20 suburbs where property price growth is still on the cards
Burekup in south west Western Australia is ripe for future property price growth new analysis shows.
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BTW
Ray White expands high performance team
In order to increase the profitability and success of Ray White’s businesses, the performance team will continue to concentrate on the fundamental pillars of recruitment, lead generation, stock management, and productivity. The Announcement: Bianca Denham has been promoted at Ray White to become the Head of Performance and Recognition for the leading property group. Ms Denham has been elevated in…
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Mortgage rates nearing APRA’s mortgage serviceability buffer
The sharp rise in the official cash rate has seen mortgage rates pushing up towards the Australia Prudential Regulation Authority’s (APRA) mortgage serviceability buffer.
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LJ Hooker opens a new office in one of Brisbane’s most established suburbs
LJ Hooker has further expanded its network in Brisbane opening a new office in the popular riverside suburb of St Lucia.
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INDUSTRY NEWS
October clearance rates hit a seven-month high
Auction clearance rates bounced to a seven-month high across the combined capitals and volumes have risen as sellers adjust to the new market conditions.
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QLD Real Estate News
Luke Need partners with UrbanX in Townsville
Need Property, founded by respected local Townsville agent Luke Need, has officially entered the market with streamlined, premium service and client support.
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FRANCHISE NEWS
UrbanX introduces Pery Morrin Property
With the help of UrbanX, elite agents Steve Pery and Toby Morrin have launched Pery Morrin Property to bring a people-focused approach to property transactions on the Sunshine Coast.
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Sweetest success for Queensland’s Small Residential Agency of the Year
Sunshine Coast agent Mark McGill is no stranger to winning real estate industry awards, but his latest accolade is by far the sweetest.
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Perth most affordable for first home buyers
Perth is the cheapest location in Australia to buy a home with the outer suburbs representing good value for first home buyers according to an expert.
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Celebrity Homes
Dr Dre lists his Malibu beach house for $20M
Music mogul Dr Dre is set to part ways with his long-held Malibu beach house, asking US$20 million for the property.
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FRANCHISE NEWS
Craig Pontey and Michael Finger move to McGrath
High-profile Double Bay agents, Craig Pontey and Michael Finger have officially moved over to ASX-listed McGrath after 35 years with Ray White.
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BTW
Scheme helps 1 in 7 first time buyers get foot in the door
With rising inflation and interest rate increases, REIA President Hayden Groves said any initiatives to assist Australians of all ages and geographic regions in achieving house ownership are welcome.
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FRANCHISE NEWS
Harcourts confirms cyber incident
Real estate company Harcourts has today confirmed that its Melbourne City franchisee has been the victim of a cyber incident. In an official release, Harcourts Australia stated that on October 24, the Melbourne City franchisee became aware its rental property database had been accessed by an unknown third party without authorisation. “Each Harcourts office operates as an independent franchise with…
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INDUSTRY NEWS
Marketing Masterclass: What agents can learn from selling The Block’s House #3
The cultural phenomenon that is The Block took things up a notch this year, heading to the countryside for the show’s first ever tree-change season.
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INDUSTRY NEWS
REA Group makes the Best Workplaces for Women list
Great Place to Work has today named REA Group on Australia’s Best Workplaces for Women list for 2022.
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INDUSTRY NEWS
Interest rates and lending buffer see investors stuck on the sidelines
The rapid increase in interest rates is continuing to weigh on property prices and is making it more difficult for buyers to enter the market, according to a new report.
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RBA remains set on taming that troublesome inflation
Reserve Bank of Australia, Governor, Phillip Lowe is set to continue increasing the official cash rate in an attempt to tackle “evil” inflation that is slowly becoming ingrained in the economy.
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Australian suburbs where days on market have increased the most
Units in Ballarat Central in Victoria have seen their selling time increase the most in the country, according to new data.
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Rising rates cool New Zealand property prices
Rising interest rates are continuing to put pressure on home prices in New Zealand, with the latest data from CoreLogic showing values fell another 1.3 per cent in October.
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RiTA picks up Industry Innovation Award for third consecutive year
RiTA, the AI-powered lead generation assistant for real estate professionals, has been recognised with the Industry Innovation Award at the Real Estate Institute of Queensland awards.
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BTW
South Coast local takes over Ray White Ulladulla
South Coast real estate expert, Steven Mason, has added Ray White Ulladulla to his suite of businesses, joining Ray White Batemans Bay, Ray White Broulee and Ray White Moruya.
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The commercial property that’s set to benefit from Federal Budget
The childcare and aged-care sectors are set to receive a boost after the Federal government committed to increasing its investment in the sectors.
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Home price falls stabilise in October
National home prices recorded a small decline in October as values continue to stabilise.
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Major banks tip cash rate will peak at 3.85%
Today's 0.25 per cent increase to the cash rate is less than two of the big banks predicted, with both the NAB and Westpac tipping it would rise 0.5 per cent on Melbourne Cup day.
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BTW
Century 21 expands in Auckland
Bhethnee Kaur, a multi-award-winning real estate agent with a 25-year career spanning many industries, will serve as the team’s leader. The Announcement: Century 21 is looking forward to making its mark in Auckland’s central suburbs and beyond with the opening of its new office Century 21 Excellence in Epsom, NZ. As well as Epsom, Century 21 Excellence will service Greenlane,…
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INDUSTRY NEWS
Land sales spike in South East Queensland
Demand for land in South East Queensland remains elevated with sales up to 10 times higher than pre-pandemic levels in some areas while just seven suburbs have a median price under $300,000.
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Real Estate News
MRI Software enters binding deed to acquire ASX-listed PropTech Group
Technology provider MRI Software has agreed to purchase ASX-listed PropTech Group (PTG.AX) for an estimated value of A$93.4 million.
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BTW
Best in Queensland real estate recognised for raising the bar
Real Estate Institute of Queensland Chief Executive Officer Antonia Mercorella commended and praised the awardees for their exceptional contributions to Queensland's real estate industry and for being exemplary real estate agents in their respective fields.
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BTW
Queensland’s longest standing LJ Hooker agency enters new era
Greg Booker founded LJ Hooker Kallangur | Murrumba Downs with his wife Maureen in the Moreton Bay area 47 years ago and the pair have now handed the reins to Jason Chandler and his wife Melinda. The Announcement: A principal who got his start in real estate in one of LJ Hooker’s longest running agencies has returned to the agency…
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Experts predict another cash rate rise from the RBA
There’s likely more pain ahead for borrowers with 97 per cent of experts expecting the RBA to hike the cash rate at the November meeting.
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Australia’s largest sales CRM partners with digital inspection platform
Proptech Group Australia and Little Hinges have inked a world-first deal that will see the two industry leaders join forces to help sales agents and property managers level up their marketing.
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BTW
Woodards duo take out auctioneering titles
Woodards duo Luke Banitsiotis and Ashley Maikousis have taken out the REIV Senior Auctioneer and Novice Auctioneer Awards (respectively).
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BTW
Belle Property to concentrate on premium luxury homes in NSW Far North Coast
Peter Hanscomb, CEO of Belle Property, said this was the ideal time to grow operations in a dynamic region. The Announcement: The premium luxury market will be the focus of Belle Property’s operations in the NSW Far North Coast as the sought-after area continues to see strong interest due to its perfect blend of rural inland villages and coastal communities.…
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House prices are falling at the fastest quarterly rate on record
Rising interest rates, surging inflation and high levels of household debt have seen home prices across the country fall at their fastest-ever quarterly rate.
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