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APPOINTMENTS
REA Group welcomes Eleanor Creagh as new senior economist
REA Group has announced the appointment of Eleanor Creagh as a senior economist. As a trusted financial commentator, Ms Creagh is set to bring a wealth of experience in local and international capital markets to the senior economist role. Working alongside REA Group’s Director of Economic Research, Cameron Kusher, Ms Creagh will play a fundamental role in driving forward the…
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INDUSTRY NEWS
CoreLogic NZ expects mortgage lending volumes will ease
CoreLogic New Zealand (NZ) has tipped lending activity will slow down over the coming months with mortgage rate increases on the horizon. This comes despite property sales activity remaining solid in June. CoreLogic NZ Chief Property Economist Kelvin Davidson said it was interesting that first-home buyers had a monopoly on mortgage lending with less than a 20 per cent deposit.…
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COMMERCIAL
Cheaper for small businesses to buy commercial property than lease
Raine & Horne Commercial have released their second quarter 2021 edition of Commercial insights, supplying the industry with an insight into the health of the commercial property market in Australia.
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BTW
Sydney is locking down while Richard Matthews is heating up, selling over $55 million of property in lockdown
Sydney’s latest lockdown has has driven Richard Matthews Real Estate to safely sell nearly $56 million worth of property since the start of lockdown. The Announcement: Operating within the strict COVID-19 parameters, Richard Matthews Real Estate has managed an electric mix of eager buyers and savvy vendors to sell nearly $56 million worth of property since the Sydney lockdown began.…
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Real Estate News
New webinar reveals how to successfully prioritise agency legals
O*No Legal founding director Kristen Porter will explain in an upcoming webinar why the biggest challenge real estate agent principles, head of operations, or business owners face is protecting their most valuable asset - their agency.
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Real Estate News
Most millennials believe the housing market needs more regulation
The majority of millennials (70 per cent) believe the housing market should be more heavily regulated, according to HomeLoanExperts.com.au.
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WA Real Estate News
Western Australian regional centres enjoy a spike in house prices
Eight of WA's nine regional centres have experienced growth in median house sale prices throughout the June 2021 quarter.
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INTERNATIONAL
Overseas investment in US homes falls to the lowest level in a decade
Overseas buyers purchased US$54.4B worth of existing homes in the US from April 2020 through March 2021. This was the lowest level in a decade.
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Real Estate News
Industry leaders respond to Labor’s negative gearing pledge
ALP leader Anthony Albanese has pledged his part will not restrict negative gearing or increase capital gains tax if they win the next election.
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QLD Real Estate News
Investors and owner-occupiers leap onto the booming Gold Coast market
While owner-occupiers want to downsize, investors are focused on the Gold Coast in the wake of historically low rental vacancy rates.
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BTW
ALP pledges not to restrict negative gearing or increase capital gains tax
Australian Labor Party leader Anthony Albanese has pledged not to strict negative gearing or increase capital gains tax if they win the next election, which could boost home ownership across the country.
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VIC Real Estate News
Why current restrictions will have different impacts to Melbourne’s 112-day lockdown last year
Ray White chief economist Nerida Conisbee has analysed the parallels between Melbourne's 112-day lockdown last year and what is happening across Melbourne, Sydney and Adelaide now in terms of property listings and sales.
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National
Australian residential auction market records the busiest period in four years
The three months to June proved the busiest auction period since December 2017, according to new insight from CoreLogic.
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BTW
Keylin and Kinstone Group announce their plans for Coomera Town Centre South site
Coomera Town Centre South is set to establish a new lifestyle precinct in the Northern Gold Coast, according to developers Keylin and Kinstone Group. The announcement: The latest joint venture between Brisbane-based developers Keylin and Kinstone Group has reached settlement on the purchase of a 47.7ha site, known as Coomera Town Centre South (CTCS), from Queensland Investment Corporation (QIC). Located…
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Celebrity Homes
John Legend and Chrissy Teigen sell Beverly Hills home for $7.15 million less than asking price
Musician John Legend and his model wife Chrissy Teigen have sold their Beverly Hills home for around US$16.8 million.
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SA Real Estate News
Demand from South Australian residents drives Adelaide’s price growth
Adelaide's real estate market grew by almost 14 per cent over the last financial year, according to Raine & Horne.
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Real Estate News
Luxe Listings Sydney star Gavin Rubinstein is the first Ray White agent to reach ‘elite’ status this financial year
Luxe Listings Sydney star Gavin Rubinstein has kicked off the new financial year on a very high note.
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INDUSTRY NEWS
Auctions continue to net higher prices: Ray White
Regardless of whether they occur online or on site, auctions are more likely to result in a higher property sales price, according to new data from Ray White.
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BTW
Exoskeleton milestone for Brisbane’s Jubilee Place development
The structuring of Brisbane’s Jubilee Place development project has been finished, showing a basic idea of what the distinctive design will be. The announcement: The unique structure of landmark Brisbane development, Jubilee Place has reached a momentous milestone. The final upright sections of the diagrid exoskeleton have been installed, bringing the distinctive outer structure to its highest point. The diagrid…
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BTW
Greg Hocking office transitions to Jellis Craig
Melbourne real estate agency Jellis Craig has acquired boutique operator Greg Hocking Real Estate.
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NEW ZEALAND
New Zealand hits a turning point in the property investment market
The recent uptick in mortgage interest rates is yet another influencing factor in the New Zealand residential property investment landscape, with CoreLogic suggesting the market is close to a significant turning point.
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INDUSTRY NEWS
REA celebrates National Property Managers Day
REA Group has commended its property manager customers across the country on the second National Property Managers Day. National Property Managers Day encourages agencies, landlords and tenants to publicly celebrate the efforts of outstanding Property Managers who play a significant role in Australia’s real estate industry. REA Group executive manager of Rent, Jarrod Scott commended the Real Estate Institute of…
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INDUSTRY NEWS
Building trust is the secret weapon to winning listings
New research from marketing automation platform ActivePipe has revealed the extraordinary power that staying connected and building trust has in helping agents win new listings. The Trust Report: What consumers want from real estate agents examined the factors that influence how people choose a real estate agent and what builds trust and drives loyalty, from deep-dive research with 124 property…
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BTW
Additional COVID-19 cleaning services for Sydney’s social housing residents
The NSW Government is prioritising providing additional cleaning services to keep social housing residents safe amid ongoing COVID-19 lockdowns.
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INDUSTRY NEWS
Low interest rates not solely responsible for property price growth
New analysis from the Property Investment Professionals of Australia (PIPA) has found that property price growth is less dependent on low interest rates than commonly believed.
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QLD Real Estate News
Record low vacancy rates continue to impact Queensland
Nearly two thirds of local government areas in Queensland have recorded their lowest or equal lowest residential vacancy rates since 2010 as the state's rental market continues to tighten.
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SUPPLIER NEWS
CoreLogic launches their digital RP proposals platform
CoreLogic has launched RP Proposals, a new digital solution that aims to streamline the real estate industry.
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BTW
Timber construction materials surge by 380 per cent
The global construction boom has created a huge spike in timber prices, up a staggering 380 per cent.
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National
Celebrating National Property Managers Day
National Property Managers Day is July 23, raising awareness of the challenge property managers face and celebrating their hard work.
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INDUSTRY NEWS
What the 2032 Olympic Games means for Brisbane’s property market
CoreLogic Asia Pacific research director Tim Lawless believes the 2032 Olympics should work as a positive influence on the Brisbane housing market.
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INDUSTRY NEWS
Sydney’s luxury property market is number one in the world
Sydney’s luxury residential market is tipped to rise 10 per cent this year, according to Domain. This rise will make Sydney the world’s leading city for luxury property growth, as noted in Knight Frank’s Prime Global Forecast report. It’s a huge jump from last year’s 2021 forecast. In May last year, there was a forecast of just 1 per cent…
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INDUSTRY NEWS
Property Council welcomes Brisbane Olympics win
The Property Council of Australia has welcomed tonight's announcement that Brisbane will be the host of the 2032 Olympic and Paralympic Summer Games, heralding it a 'golden decade of opportunity' for the city.
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BTW
The Gold Coast’s Hope Island sees new waterfront acquisition
Gold Coast developer Aniko has announced a new acquisition of a waterfront site at Hope Island on the Gold Coast, adding to its $1 billion portfolio.
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National
Openn Negotiation successfully lists on the ASX
Australian Proptech company Openn Negotiation has successfully listed and commenced trading on the Australian Securities Exchange (ASX) under the ticker OPN. Openn Negotiation’s listing on the ASX on July 21 comes after raising the maximum $9 million through the issue of 45 million shares at 0.20c per share, under the fully underwritten prospectus lodged in May. Openn Negotiation shares opened…
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APPOINTMENTS
Sally O’Neill joins Belle Property Hope Island with husband Sean
Boutique real estate brand, Belle Property has opened on Hope Island with Gold Coast royalty Sally O’Neill at the helm.
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