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Real Estate News
Investors driving rising markets on Herron Todd White property clock
Soaring Sydney property prices in 2021 “overshadowed” another key market trend of rising rental rates, according to the latest Herron Todd White (HTW) Month in Review.
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Celebrity Homes
Sylvester Stallone lands another property punch
It might have been Arnold Swartzenegger who declared “I’ll be back”, but it’s fellow action star Sylvester Stallone that’s bounced back into the property market.
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INDUSTRY NEWS
House prices grew at the fastest rate in 20 years
National house prices grew at 25.1 per cent in 2021, making it the fastest annual growth rate in 20 years, according to new data.
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INDUSTRY NEWS
Reapit set to expand portfolio with acquisition of Console
Cloud-based property software provider Reapit, backed by private equity firm Accel-KKR (AKKR), has announced the acquisition of Console.
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FRANCHISE NEWS
Western Sydney duo seizes the chance to make their own decisions
Two Western Sydney agents have joined forces, to launch their own business, InHaus Estate Agents, powered by UrbanX.
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INDUSTRY NEWS
Australian house prices grow at the fastest rate in the world
Australia has taken top spot as the country with the highest rate of annual price growth in 2021.
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BTW
Commercial agent powers through 2022 first quarter
Deepen Khagram recently received the special honour of being inducted into the RE/MAX International Hall of Fame. The Announcement: RE/MAX commercial specialist Deepen Khagram closes the 2022 first quarter strongly with two sales wrapped up by the end of the first month of the year and another since. The successful sale of a prominent high exposure development site on the…
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INDUSTRY NEWS
Property boom hasn’t helped owner-occupiers
Despite property prices rising at a rapid rate in the past two years, a leading economist said the house price boom hasn’t necessarily been a good thing for all owner-occupiers.
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INDUSTRY NEWS
The Australian suburbs facing a rental crisis
South Australia, NSW, and Tasmania contain the most suburbs desperate for more rental stock with many locations now seeing zero per cent vacancy rates, according to new research.
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BTW
Funding to help bring city streets back to life
The grant program will encourage communities and businesses to transform the city with creative collaborations which result in an economic boost. The Announcement: Local neighbourhoods in the City of Sydney are set for an economic boost thanks to a new $4 million grants program. The City of Sydney has developed a new precinct activation program to fund businesses and creatives…
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BTW
First National trailblazer moves to Wollongong CBD
First National Real Estate Brailey Figtree has rebranded as First National Real Estate Wollongong, which coincides with exciting growth plans. The Announcement: First National Real Estate has today announced that one of Wollongong’s leading women in real estate has rebranded and moved her business from Figtree to Wollongong’s CBD, in a move that cements an Illawarra family success story. Principal…
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FLOOD RESOURCES
East Coast floods to affect vacancy rates
The floods in Northern NSW could impinge on the state’s already tight vacancy rates according to industry experts.
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BTW
Belle Property Escapes opens in Adelaide
Belle Property has announced the expansion of its premium holiday rental service, Belle Property Escapes, to South Australia. Co-located in Belle Property’s Adelaide City office, the new service opens mid-March, led by long-standing principal, Calvin Lai and his award-winning team.
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Celebrity Homes
Drake lists his Hidden Hills estate
Recording artist Drake has put the trio of homes that comprise his Hidden Hills estate on the market for more than $US20 million.
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INDUSTRY NEWS
Perth’s median property price grows $325,000 in 20 years
The Perth property market has grown steadily over the last two decades with the median house price increasing by $325,000 in 20 years.
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INDUSTRY NEWS
Propps and First National partner up to streamline buying and selling
Proptech innovator Propps and the 350+ office First National network have joined forces to make the Propps digital offer management platform available to First National agents and their customers everywhere, streamlining the property transaction process for everyone.
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INDUSTRY NEWS
NAB cuts its variable home loan interest rate
Tight competition between the big four banks has seen NAB cut its variable home loan interest rate by 0.1 per cent to 2.19 per cent, although the change is only for new owner-occupiers.
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BTW
Reserve Bank of Australia deputy governor resigns
Guy Debelle will join Fortescue Future Industries in June as its chief financial officer. The Announcement: Deputy Governor, Guy Debelle, announced today that he was resigning from the Bank, effective Wednesday, 16 March. Dr Debelle will be taking up the position of Chief Financial Officer of Fortescue Future Industries in June. He said: ‘I am honoured and privileged to have worked…
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INDUSTRY NEWS
Helping Indigenous tenants achieve a successful tenancy
The implementation of local Indigenous staff and creating connections with health and community services can help indigenous Australians have more successful tenancies, new research has found.
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BTW
realestateview.com.au partners with Settle Easy
The partnership will help Australians with their conveyancing needs at the pointy end of their property purchase. The Announcement: Settle Easy today announced a significant partnership with realestateview.com.au to integrate their market leading conveyancing services into the realesateview.com.au buyer journey. This will help millions of Australians with their conveyancing needs at the pointy end of their property purchase. realestateview.com.au reaches…
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INDUSTRY NEWS
Housing affordability stretching homeowners to the limit
It’s tougher than ever to afford a home with new data showing the proportion of income needed to pay off a mortgage has risen to 37 per cent.
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INDUSTRY NEWS
Place Estate Agents open around the clock with Propic AI
Queensland's Place Estate Agents has joined forces with Australian real estate PropTech innovator, Propic, to use its Artificial Intelligence (AI) technology to respond to sales and rental inquiries in the hot Brisbane market 24/7.
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BTW
FinTech Hutly appoints Stuart Spiteri CEO
Mr Spiteri joins the company at a time when “transformational developments” are in the pipline. The Announcement: Hutly, the Australian real estate fintech company, this week announced the appointment of Stuart Spiteri, who comes to Hutly with a distinguished international career, as Chief Executive Officer. Hutly Founder and Executive Chair Jeremy Hastings said the Hutly Board had conducted an extensive…
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COMMERCIAL
Office occupancy rates start to bounce back post-Omicron peak
After nearly two years of working from home, Australians are finally starting to head back to the office.
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FRANCHISE NEWS
25 years after bringing Harcourts to Australia, the Greens still love Brisbane
25 years ago, on the 4th March 1997, Mike and Irene Green opened the first four Harcourts' offices, less than two months after they'd arrived in Brisbane from Auckland with two young boys and one big ambition - to take New Zealand's most successful real estate brand, Harcourts, to a country where it was almost completely unknown and franchise it.
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FRANCHISE NEWS
Eastell and Co grows 337 per cent in second year with UrbanX
Two years ago, Clinton Eastell decided to step outside of his comfort zone and launch his own business on the Sunshine Coast.
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INDUSTRY NEWS
Housing affordability stress ahead of the federal election
A social housing campaign group has called on the Federal Government to tackle Australia's growing affordable housing crisis, with a poll in the swing seat of Longman showing almost two-thirds of residents believe affording to buy or rent is excessively difficult.
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BTW
Experienced Bexley principals grab the reins at Raine & Horne Green Square
The ownership change comes as development ramps up with more residential towers adorning the Green Square skyline. The Announcement: With the skyline around the inner east suburbs of Waterloo and Zetland crammed with cranes, Raine & Horne Green Square has new but familiar owners set to take the leading local real estate office on the next leg of its growth…
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BTW
First National announces Queensland award winners
First National Real Estate’s Queensland agents celebrated their successes on Saturday night. The Announcement: First National Real Estate’s Queensland agents were presented with their 2022 General Excellence and Marketing Awards at Hilton Brisbane on Saturday night. Queensland State Chairman, Neil Coupland, said it was an incredible year for First National Real Estate and that he was very encouraged by the…
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FRANCHISE NEWS
NAI Harcourts Metro to help expand the reach of Auslan
NAI Harcourts Metro has joined forces with Access Plus WA Deaf to bring support an education to parents of newborn babies that cannot fully hear.
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BTW
Ray White Projects expands into Western Sydney with powerhouse new team
Ray White Projects is expanding into Western Sydney with an experienced team to focus on the region's rapidly growing off-the-plan housing market.
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INDUSTRY NEWS
Sydney’s best performing suburbs doubled in value in 2021
Sydney house prices saw record gains in 2021 with certain suburbs doubling in value in 12 months according to new research.
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INDUSTRY NEWS
Call for property owners to release rental properties to help flood victims
REIQ and Q Shelter are urgently calling on Queensland property owners to turn their holiday rentals and vacant properties into long term rentals to help homeless flood victims.
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INDUSTRY NEWS
Russian-Ukraine crisis to hit housing affordability
The conflict between Russia and Ukraine will hit Australians in the hip pocket which could weigh on housing affordability.
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Elite Agent
What International Women’s Day means to me
International Women's Day means different things to different people. For some women it is a celebration of all women have achieved, while for others it is a time to focus on future goals and what still needs to be done.
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