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BTW
Expansion and diversification a winning strategy for Hockingstuart’s 35-year-old brand
This year the brand has diversified into property development with the recent launch of Hockingstuart Land | Projects, and expanded its Melbourne footprint with two new offices in Dandenong and Bundoora and a new Williamstown office set to open on 28 June. The Announcement: 35-year-old Victorian real estate brand, Hockingstuart, is on a strong growth trajectory in 2022. So far…
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INDUSTRY NEWS
Half of New Zealand suburbs declining in value
Auckland’s Point Chevalier has a new title it probably isn’t too keen on holding as the New Zealand suburb to decrease most in value in the past three months.
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Real Estate News
REIQ: State Budget misses the mark
The Real Estate Institute of Queensland has hit out at the State Government’s 2022-23 Budget, saying it is disappointed at the lack of action on housing affordability and accessibility.
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FRANCHISE NEWS
The Agency Group opens property gallery in Perth’s Western Suburbs
The Agency Group has opened a property gallery that doubles as an art space in the 'Golden Triangle' of Perth's exclusive Western Suburbs.
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FRANCHISE NEWS
High growth Century 21 office expands to second location
Century 21 is excited to announce award-winning business, Century 21 Signature Realty in Nowra, is opening a second office at Callala Beach in the NSW Shoalhaven region.
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COMMERCIAL
National office markets bounce back faster than expected: HTW
The national office market is continuing to bounce back from the pandemic faster than anticipated according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Profitable resales drop for the first time in 18 months but buyer demand is still solid
The rate of profit-making resales across the Australian property market has fallen for the first time since August 2020, indicating conditions have reached a turning point.
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INDUSTRY NEWS
The Sydney and Melbourne suburbs to defy the downturn
A number of suburbs across Sydney and Melbourne are expected to fare better than others as property price growth eases according to new research.
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BTW
Ray White partners with Three’s The Block NZ for fifth season
For the fifth season in a row, Ray White will be the exclusive agency partner for Three's The Block NZ.Â
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INDUSTRY NEWS
Fallout from rising rates to be less dramatic than predicted: HTW
Rising interest rates are likely to slow down property markets but the fallout will be far less dramatic than most commentators predict according to the latest Herron Todd White (HTW) Month in Review.
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BTW
Ray White appoints Milo Rasinac Network Development Manager
With more than 20 years experience in sales, leadership and business ownership in Melbourne's inner north-western suburbs, Milo Rasinac's knowledge and expertise is sure to add value to Ray White.
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INDUSTRY NEWS
NSW Government announces trial shared equity housing scheme ahead of Budget
Teachers, nurses, police, single parents and older singles will be able to tap into a $780.4 million shared equity scheme to buy a home under a new NSW Government trial.
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INDUSTRY NEWS
AI digital assistant RiTA scoops two innovation awards
RiTA, the AI digital assistant for real estate agents, has won two innovation awards at the 2022 PropTech Awards.
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BTW
Property Council calls for extra supply
The Property Council of Australia has welcomed the NSW Government's strong commitment to help residents achieve home ownership, but has emphasised the critical role of supply measures in the policy mix.
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BTW
Game-changing scholarship program relaunched
The Laing+Simmons Scholarship Program helps young people get a foot in the door of the busy, competitive, fast-paced real estate industry. The Announcement: After a COVID-enforced two-year hiatus, the Laing+Simmons Scholarship Program is back. The game-changing initiative that gives school-leavers first-hand experience of the day-to-day operation of a busy real estate business is open for applications. Enthusiastic youngsters looking for…
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BTW
Raine & Horne Lower North Shore expands into Willoughby
Nationally expanding Raine & Horne continues its NSW growth with the expansion of Raine & Horne Lower North Shore through the launch of Raine & Horne Willoughby The Announcement: Raine & Horne Lower North Shore Director, Mr Stuart Bourne has opened another new office in Willoughby, ramping up the expansion of the Raine & Horne Lower North Shore brand. The launch of Raine &…
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COMMERCIAL
Suburban centres and satellite office locations on the rise
Workers who have become comfortable working from home are leading businesses to adopt more flexible working arrangements on a permanent basis according to experts.
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INDUSTRY NEWS
Elders agents to streamline buying and selling with Propps
Leading digital offer management platform Propps has expanded its national agency coverage, welcoming the Elders Real Estate network to the fold.
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INDUSTRY NEWS
NSW to phase out stamp duty and bring in land tax
NSW is set to move forward with plans to phase out stamp duty and introduce a land tax as a part of the upcoming pre-election budget. But real estate industry experts aren’t so sure the plan will benefit homebuyers. According to the Sydney Morning Herald, NSW Premier Dominic Perrottet will look to embark on significant reforms that will allow some…
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BTW
Knight Frank restructures WA office leasing team
KNIGHT FRANK has restructured its West Australian Office Leasing team to support its national growth strategy over the next five years.
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INDUSTRY NEWS
Aussie homes worth a record $10 trillion
The total value of the nation’s residential property increased by $221.2 billion in the March 2022 quarter, bringing the value of Australian real estate to a record-high $10.2 trillion, according to the Australian Bureau of Statistics (ABS).
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Real Estate News
Gavin Rubinstein’s TRG to expand without Ray White branding but still part of the group
Just three years after opening the doors to its Woollahra office, Gavin Rubinstein’s TRG agency is set to expand to Rose Bay - but it won’t be doing it with Ray White Branding.
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BTW
Sales of new homes fell in May
The impact of rising interest rates will be compounded by the ongoing increases in the cost of construction and land, forcing up the cost of a new house and land package, according to the HIA.
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INDUSTRY NEWS
Sydney vacancy rate hits 5-year low
The vacancy rate across Sydney has plummeted to a five-year low, putting the city on the verge of a rental crisis, according to the Real Estate Institute of New South Wales (REINSW).
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FRANCHISE NEWS
Familiar faces and same great service now with new look
Established agent Annie Hou has opened a new real estate office in Upper Mount Gravatt this month after joining the RE/MAX network in February this year.
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BTW
Industry’s knights in ‘shining’ armour  come together for a special conference  Â
LJ Hooker's Shine Conference aims to 'shine' a light on the great work property managers undertake within the industry.
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INDUSTRY NEWS
App gets more offers on off-market properties
Launched in Sydney this month, Profound is a marketplace for off-market properties where agents can get access to more offers.Â
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Celebrity Homes
Kristen Stewart sells Malibu getaway for $8.3 million
Twilight star Kristen Stewart is looking to downsize her hefty property portfolio starting with the sale of her Malibu getaway for US$8.3 million.
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INDUSTRY NEWS
New listings rebound after a quiet April
The number of new listings across the country continues to rise, jumping 12 per cent across the capital cities compared to last month according to PropTrack.
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BTW
PRD network bands together to support office devastated by floods
After helping a tenant attend life-saving dialysis treatment during the peak of the Lismore floods, PRD Lismore Principal Robert Horder has won the brand’s John Harvey Award for his outstanding contributions to and leadership in the real estate industry. The Announcement: National real estate brand, PRD has demonstrated its commitment to supporting their offices and staff, after its network banded…
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FRANCHISE NEWS
Leading WA agent returns to global brand
RE/MAX Southern Stars has welcomed the return of Nic Sauzier, one of Western Australia's top selling agents.
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Real Estate News
CBD office occupancy rates rise as workers return
Office workers are flocking back to CBDs across the nation despite Covid and a rising number of flu cases.
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COMMERCIAL
Commercial service station sector still growing despite EV push
Growth in investment in commercial service stations was elevated in 2021, despite Government attempts to encourage electronic vehicles (EV).
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INDUSTRY NEWS
Growth across capital cities slowing at
record paceThe annual rate of price growth across Australia's capital cities is slowing at the fastest rate since 1989.
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SUPPLIER NEWS
REA Group announces new organisational structure
REA Group has announced changes to its organisational structure to further progress its strategy to build next generation marketplaces.
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