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INDUSTRY NEWS
More than half of experts say lockdowns will slow property price growth
Strict lockdowns are one of the few things that can slow down Australia’s recent surging property price growth, according to experts.
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Real Estate News
Former prosecutor joins The Agency’s Queensland team
The Agency has welcomed leading agent and former prosecutor Joseph Leong to their growing Queensland team.
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APPOINTMENTS
New Century 21 office opens in Caroline Springs
Century 21 Paramount Realtors has opened a second office in Caroline Springs, located in the western suburbs of Melbourne.
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BTW
Multi-level cliff home wins highest Australian housing award
A New South Wales home set on a cliff and built by Mallinger Constructions has been recognised as the HIA-CSR Australian Home of the Year.
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BTW
Cbus Property’s penthouse collection sells for $66 million
Cbus Property's 111 Castlereagh Penthouse collection has sold to three separate buyers prior to their official release to the market.
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Real Estate News
Coastal apartments in hot demand in NSW
Sydney’s extended lockdown has boosted buyer enthusiasm across regional New South Wales, with enquiries increasing for apartments in coastal areas.
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NEW ZEALAND
New Zealand’s market slowdown is gradually unfolding
CoreLogic’s House Price Index (HPI) showed New Zealand’s house values increased by a further 1.8 per cent over July, with a market slowdown starting to develop. This was the same rate of growth recorded in June, but down on both May (2.2 per cent) and April (3.1 per cent). While New Zealand is likely to be past the peak growth…
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INDUSTRY NEWS
WA real estate agents raise $1 million to combat homelessness
WA real estate agents have partnered with the Salvation Army's Community REInvest program to assist people experiencing homelessness.
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Celebrity Homes
Alicia Keys sells Phoenix holiday home for $3.1 million
Fifteen-time Grammy Award winner Alicia Keys has sold her modern Camelback Mountain holiday home in Phoenix.
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Real Estate News
McGrath appoints Marguerite Foxall to spearhead Victorian expansion
McGrath Estate Agents has appointed experienced agent Marguerite Foxall to the position of State Manager for Victoria, as the company earmarks the southern state for future growth and expansion.
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INDUSTRY NEWS
Australia’s growth cycle tapers as housing becomes less affordable
Australian housing values increased a further 1.6 per cent in July, according to CoreLogic.
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BTW
Luxury specialist Alex Pitsis is the new director of Ray White Sutherland Shire
Ray White has welcomed Alex Pitsis to the Sutherland Shire team as he takes on his new role as director.
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BTW
Southport development site sells at auction for $6 million
A large development site in Southport’s CBD has been sold at auction for $6 million following the announcement of Brisbane hosting the 2032 Olympic Games. The Announcement: A prime redevelopment site in the heart of Southport’s CBD has sold under the hammer for $6 million plus GST in the first major commercial deal on the Gold Coast since Brisbane won…
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WA Real Estate News
Perth buyers soak up listings despite wet conditions in July
Perth's wet weather hasn't dampened buyers' interest, according to REIWA.
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Real Estate News
Rex Software celebrates 10 years servicing the real estate sector
Rex Software looks back at 10 years servicing the real estate sector and the major milestones they've enjoyed along the way.
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Real Estate News
The ATO warns property investors to be aware of common tax return traps
The Australian Taxation Office (ATO) has reminded property investors to look out for common tax return mistakes that can delay refunds or lead to an audit, costing taxpayers' time and money.
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Real Estate News
Sydney lockdowns could cause another Australian recession
68 per cent of Finder's surveyed experts believe Sydney's extended lockdown could be a catalyst for another recession in Australia.
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Real Estate News
PropertyMe celebrates reaching 4500 subscribers and 1.3 million properties
lian property management software company PropertyMe has surpassed their milestone of 4500 agency subscribers and is now used to manage over 1.3 million properties.
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BTW
Crown Group offers ‘try before you buy’ for its luxury apartments
Crown Group has established a ‘try before you buy’ strategy for their Waterfall by Crown development, giving potential buyers the opportunity to trial the luxury apartments. The Announcement: Crown Group is offering potential apartment buyers the opportunity to experience the luxurious resort-style lifestyle offered at its spectacular $400 million Waterfall by Crown Group mixed-use development, before they commit to buy.…
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BTW
Coveted development site in Tweed Heads listed
A new development site in Tweed Heads has hit the market, listed under Ray White Commercial. The Announcement: Uniting have just announced their sought-after development site in Tweed Heads has hit the market, with price expectations in the $6 millions. The 8,884 sqm site at 68-78 Keith Compton Drive, Tweed Heads, is located moments from the Tweed River and some…
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SUPPLIER NEWS
REA Group partners with Realtair to support agent development
REA Group, alongside its partner Realtair, is offering customers complimentary six-week memberships to the interactive Complete Salesperson Digital course. The offer comes while a large segment of Australia’s property market remains in lockdown and unable to conduct in-person interactions. REA Group General Manager Residential, Simon Hope said REA is committed to supporting customers and values the importance of taking time…
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BTW
Belle Property merges with WA-based agency Acton
Belle Property has merged with Western Australian agency Acton, adding 20 offices to their broadening portfolio amid the region’s property market boom. The Announcement: Belle Property has added 20 offices to its growing national network by merging with one of Western Australia’s leading real estate brands, Acton. Belle Property Group CEO, Peter Hanscomb said “as a Group, we’re focused on…
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SUPPLIER NEWS
Darren Cole launches Cole + Yarrow with co-founder Craig Yarrow
Darren Cole has launched Cole + Yarrow with co-founder Craig Yarrow
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APPOINTMENTS
Former weatherman Mike Larkan’s new career path as an auctioneer
Former Network 10 weatherman Mike Larkan is forecasted to thrive in his new career as an auctioneer, after being axed from TV last year.
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INDUSTRY NEWS
Sydney and Melbourne are the only capital cities with declining rental markets
REIA president Adrian Kelly said Sydney and Melbourne saw rents fall slightly, while other capital cities saw rents increase
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BTW
REA Group announces leadership appointments amid Mortgage Choice aquisition
REA Group welcomes Mortgage Choice Chief Executive Officer Susan Mitchell and Smartline Chief Executive Officer Sam Boer amid the company acquisition. The Announcement: REA Group today announced key leadership appointments within its broker business following the completion of its Mortgage Choice acquisition. Janelle Hopkins, REA Group Chief Financial Officer and Chief Executive Officer, Financial Services said the changes, effective from 2 August…
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BTW
Property Council welcomes NSW construction restart
Construction across Greater Sydney will reopen on 31 July with strict COVID-19 health precautions in place. The Announcement: The Property Council has applauded today’s decision to allow all construction sites across most of the Greater Sydney area to reopen on 31 July subject to a range of strict new health measures.Acting NSW Executive Director of the Property Council of Australia,…
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INDUSTRY NEWS
Gap between median house and unit prices breaking records
The price premium of houses over units has continued to emerge since March last year, as stage two restrictions rolled out across the nation.
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INDUSTRY NEWS
Pandemic fuels regional migration and pushes property prices up
Across the country, prestige and regional markets have seen incredibly positive results over the past year, but other areas have also experienced prominent changes.
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FRANCHISE NEWS
Century 21 celebrates its 50th anniversary
Century 21 has reached a special milestone as it celebrates its 50 years, working to help people achieve their property needs. They first opened their doors internationally in 1971.
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National
More than half of property managers have dealt with domestic violence in tenancies
The Real Estate Institute of Australia (REIA) surveyed property managers earlier this month about their dealings with domestic violence issues while on the job. The survey found 57 per cent of property managers have coped with domestic violence in tenancies over the past 12 months, with 30 per cent managing such issues two or three times each year. REIA President…
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Real Estate News
PRD Nationwide Ballarat has used RiTA by AiRE to win more listings
PRD Nationwide Ballarat director and sales manager Jason Birch recently joined RiTA by AiRE growth specialist Tristan Lovell in a webinar dedicated to sharing ways to accelerate your leads and listings ahead of the spring season.
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BTW
Developers help preserve endangered Australian species
Developers Keylin and Kinstone have given 27 hectares of wetlands back to the Gold Coast City Council. The conservation area will play a role in the protection of Australia’s native endangered species. The Announcement: Developers of the $650 million Serenity 4212 community, Keylin and Kinstone Group, have gifted a substantial section of their sprawling development site back to the Gold…
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BTW
Ray White’s emerging elites forge ahead
Over a two-day conference on the Gold Coast, 170 agents learnt how to build confidence, establish strategies and develop the skills needed to be an elite Ray White agent. The Announcement: More than 170 of Ray White’s best and brightest gun agents attended a two day Emerging Elites conference on the Gold Coast. Originally more than 400 sales agents had…
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BTW
RE/MAX business launches in lockdown
Amid New South Wales’ latest COVID-19 lockdowns, Corinne Intia has opened her own real estate agency under RE/MAX Pamilya Properties. The Announcement: Well-known Central Coast agent, Corinne Intia, has launched her agency, RE/MAX Pamilya Properties, in Toukley, New South Wales. Opening her own real estate business has been Mrs Intia’s goal since last May. Factors, including COVID-19, were to slow…
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