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BTW
Knight Frank appoints new Senior Sales Executive to their Prestige Residential team
Real Estate agency Knight Frank have appointed Duncan Schieb to the role of senior sales executive in their prestige residential team.
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BTW
Turner Real Estate acquires Bowman Morse Real Estate in North Adelaide
Turner Real Estate has continued its expansion in South Australia, adding a third office after acquiring North Adelaide's Bowman Morse Real Estate.
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BTW
Inner West real estate firm Raine & Horne Concord launches expansion into Strathfield
Raine & Horne's Inner Western Sydney offices, Concord and Strathfield, have merged, with the combined firm to be led by principal Paul Pettenon.
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SUPPLIER NEWS
Openn Negotiation signs a partnership agreement with the Professionals
Australian-listed proptech company Openn Negotiation has established a partnership agreement with the real estate agency Professionals Group Australia.
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BTW
Local Merewether agent David Tanchevski opens his fifth office in Newcastle
Local real estate agent David Tanchevski has opened his fifth office three years, servicing the Newcastle region.
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National
REIA welcomes the housing affordability and supply inquiry
The Real Estate Institute of Australia (REIA) has welcomed the House of Representatives Standing Committee on Tax and Revenue inquiry into housing affordability and supply in Australia.
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Real Estate News
More than 20 lenders offer cash back on home loans under two per cent
More than 20 Australian lenders have offered up to $5,000 cash back on home loan rates under two per cent.
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BTW
Australasian Auctioneering Championships postponed until 2022
REIA and the REINZ announced the postponement of the Australasian Auctioneering Championships (AUSTROS) until 2022.
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BTW
Mortgage broker platform Effi announces new partnership with Finty
AI-powered fintech Effi has formed a partnership with comparison website Finty, aiming to match consumers looking for a loan with mortgage brokers.
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Real Estate News
Strong interest for commercial investment properties in NSW despite lockdowns
Strong demand for investment properties in New South Wales has been maintained despite lockdowns, according to Knight Frank.
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Real Estate News
First home buyers in NZ will suffer from the Reserve Bank’s surprise decision on mortgage deposits
RBNZ's decision to reduce the number of owner-occupiers that can get a mortgage with less than a 20 per cent deposit is set to have huge impacts on first home buyers
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Celebrity Homes
Dame Helen Mirren rents her Hollywood Hills estate for US$45,000 per month
Do you want the luxury of living in your own little slice of classic film history? Dame Helen Mirren and her director-husband Taylor Hackford can help you do just that, with their Hollywood Hills home for sale for US$18.5million or for rent at US$45,000 per month.
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BTW
DiJones appoints new Head of Sales and Chief Operating Officer
DiJones has appointed Mark Horvat to Head of Sales and promoted Brent May to the newly created role of Chief Operating Officer.
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BTW
Raine & Horne celebrate their 2021 National Awards
Raine & Horne have celebrated their annual national awards, elevating high achievers within the Group.
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BTW
Sutherland Shire property market on the rise despite lockdown
Highland Property Group has seen strong growth in the Sutherland Shire despite Sydney's ongoing lockdown.
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BTW
Four young gun agents team up to open Ray White Eastern Beaches
Ray White Eastern Beaches has opened its doors, fronted by an ambitious new leadership team.
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Real Estate News
Interstate buyers aren’t slowing down in South Australia
New REISA data has shown continued net interstate immigration gains throughout regional and metro South Australia
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INDUSTRY NEWS
How the property market has evolved amid the pandemic
Australia’s property market exceeded all expectations in 2020 and the first half of 2021, as a the suggestion of potential market crash was swiftly switched out to reports of a nationwide market boom. PRD has released its Australia Economic and Property Report for 2021, which analyses how the property market has evolved over the past year due to multiple factors,…
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INDUSTRY NEWS
Ray White leaders reveal the biggest issues facing the NSW property market
Ray White leaders unpacked the biggest issues facing the NSW property market in a webinar on Thursday night.
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Celebrity Homes
Cindy Crawford sells her Beverly Hills luxury abode for US$13.5 million
Supermodel Cindy Crawford sold her midcentury Beverly Hills home in the luxurious Trousdale Estates for $13.5 million.
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BTW
Sydney’s Banksmeadow commercial property attracts investors
Banksmeadow, a suburb located nearby Sydney International Airport, has seeing strong commercial interest in 2021.
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BTW
Construction commences on the Gold Coast’s latest beachfront apartments
Spyre Group plan to bring luxury residences to the Queensland/New South Wales border
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SUPPLIER NEWS
New home sales plummet across Australia in July
The sale of new homes has dropped significantly in almost all Australian states, according to a new report that surveys the largest volume home builders. The Housing Industry Association (HIA) New Home Sales Report showed new home sales fell 20.5 per cent in July, with declines seen in almost every state. HIA Economist Tom Devitt revealed new home sales dropped…
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BTW
REIV CEO pens heartfelt open letter to Premier Dan Andrews
REIV CEO Gil King has written an open letter to Victorian Premier Dan Andrews, asking for home inspections to be allowed amid lockdowns.
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INDUSTRY NEWS
More Australian homes selling than coming on the market
Dwelling sales continue to surge across Australia against low listings levels, according to new CoreLogic data. In the three months to July, CoreLogic estimated there were around 171,100 dwelling sales in Australia. This is 53.4 per cent higher than what has typically been seen this time of year for the previous five years. In the same period, there were just…
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Real Estate News
Sorted Services solution makes communication between tradies and property managers easier
The relationship between tradespeople and property managers is a symbiotic relationship that’s critical to the health of the property ecosystem, and one that is highly valued by both parties. Tradespeople play a fundamental role in maintaining properties and property managers rely on tradespeople to help them weather the storms – quite literally. As with all relationships, however, there is a…
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NSW Real Estate News
Sydney residential vacancy rate rollercoaster takes another turn
REINSW noted residential rental vacancies in Sydney dropped in July for the third consecutive month.
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INDUSTRY NEWS
Australians are using lockdown to hunt for property online
Search activity on realestate.com.au jumped 2.4 per cent last week as lockdowns were felt across the country.
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BTW
Crown Group transforming little known Eastlakes into vibrant Sydney suburb
Crown Group announce new duel-staged property development in Sydney’s Eastlakes, where they plan to create 490 luxury apartments. The Announcement: Leading international property developer, Crown Group is in the midst of transforming one of the most little-known eastern suburbs, Eastlakes, creating what they’ve dubbed ‘the new east’ – a $1billion thriving, vibrant, sophisticated lifestyle precinct, developed in two stages, The Grand Eastlakes (formerly known…
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SUPPLIER NEWS
What is the state of the current property investment market?
Ray White chief economist Nerida Conisbee has revealed the current property investment is particularly buoyant.
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WA Real Estate News
Stamp duty reform could be key to relieving housing affordability pressures
The Real Estate Institute of Western Australia (REIWA) has urged the State Government to commit to stamp duty reform in its 2021-22 Budget, given the state’s strong financial position. REIWA claimed stamp duty has remained the biggest financial hurdle for Western Australians looking to buy property. REIWA President Damian Collins said while stamp duty was an important revenue earner for…
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INDUSTRY NEWS
Number of single women buying first home tipped to rise
REIA forecasted a rise in single women purchasing their first homes.
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Real Estate News
How the COVID-19 pandemic will change the Australian housing landscape long-term
A drop in investor appetite for high-rise apartments and a push towards lifestyle-centric housing are just some of the trends the COVID-19 pandemic has accelerated, according to property experts. Many of these trends were already underway in the Australian economy, but the spread of COVID-19 created an economic bubble for many industries, which will likely hold strong for years to…
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WA Real Estate News
Perth’s current property growth rate is almost twice as high as the previous cycle
Perth's market recovery is tracking at an average growth rate of 0.9 per cent per month, according to REIWA
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Real Estate News
Rental market confidence is up but agents are concerned about rent roll and profitability margins
Australian property managers were surveyed to determine the true mood of the national rental market with the response overwhelmingly stating that while the market might be doing well, businesses are concerned by rent roll growth and profitability.
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