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INDUSTRY NEWS
New listings suffer as sellers err on the side of caution
The seasonal uptick in property listings that usually occurs in the first half of March has been noticeably absent this year, with sellers having “erred on the side of caution” amidst declining property prices.
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WEIRD AND WONDERFUL
10 incredible homes built into nature
Over the years, architects have always looked for creative ways to incorporate the built form into nature.
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INDUSTRY NEWS
Perth remains affordable to buy and rent
Despite rising interest rates making life more difficult for homebuyers, Perth is still the second most affordable property market in the country.
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BEST PRACTICE
The 5 minimum daily activities you need to do to generate income
In the hectic life of a real estate agent, it's easy to get distracted and focus your time on activities that are never going to generate income.
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FEATURE INTERVIEWS
Developing industry-ready virtual assistants
After working with dozens of virtual assistants during her 15-year career in real estate, Louise Schofield understands the value good outsourcing can provide to a business.
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Celebrity Homes
Royal residence in London up for sale for $48 million
A grandiose royal residence in London is on the market for the first time in 30 years and could be yours for $48 million.
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INDUSTRY NEWS
Herron Todd White: too soon to call a bottom in the property market
High interest rates and the prospect of more pain ahead for borrowers as fixed-rate loans roll off, suggests it might be “too soon” to call the bottom of residential property prices, according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
High interest rates weigh on new homes sales
The record rise in interest rates is continuing to weigh on new home sales, while a better than expected jobs report could mean rate cuts might not be on the way.
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Celebrity Homes
Trainspotters: Scottish converted railway station hits the market
If you’re a railfan or trainspotter, your love of trains is likely something that has been with you since you were just a child.
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Elite Agent TV
Teza Fruzande: From refugee to Chairman’s Elite
When Teza Fruzande arrived in Australia in 2010 as an illegal refugee, unable to speak English and living in a detention centre he never expected he would go on to achieve Chairman’s Elite and become one of the top agents in the country.
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INDUSTRY NEWS
PMLR to help property managers develop culture and look after themselves in 2023
Personal growth, mental wellbeing and developing a strong culture will be the focus at the 2023 Property Management Learning Retreat (PMLR).
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FEATURE INTERVIEWS
Women changing the face of PropTech in Australia
The PropTech industry in Australia is undergoing a fundamental change with the number of women launching startups on the rise.
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INDUSTRY NEWS
The Sydney suburbs bucking the trend with double-digit growth
Despite property prices declining across Sydney over the past 12 months, a number of suburbs have seen double-digit capital growth with values potentially “bottoming out”.
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Celebrity Homes
Vanderbilt mansion spanning two towns sells for $8 million
Vanderbilt Berkshires Estate, one of the most iconic homes in the famous Berkshires in Massachusetts has been sold to a real estate developer for US$8 million and is slated to be turned into a luxury resort.
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INDUSTRY NEWS
New Zealand’s high-end properties have fallen in value by up to $300,000
New Zealand’s wealthiest suburbs are being hardest hit by the current market slowdown, with values falling by up $300,000 in some suburbs.
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INDUSTRY NEWS
Real estate agency ordered to pay after advertising mislead buyer on air-conditioning
A Melbourne real estate agency has discovered the hard way that it pays to get your listing copy right after being ordered to pay more than $6000 to a vendor who bought a home on the assumption it had refrigerated cooling.
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INDUSTRY NEWS
The real estate fallout from the Silicon Valley Bank collapse
Silicon Valley Bank, America’s 16th largest bank and a large source of funding for some prominent PropTech companies, has been dramatically shut down by regulators after depositors began pulling out their money.
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INDUSTRY NEWS
PropTech is not something for agents to fear
Technology is continuing to change the way real estate agents operate, but the huge increase in new PropTech should be seen as an opportunity and not something to fear, according to an expert.
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FRANCHISE NEWS
LJ Hooker Property Specialists establishes new Adelaide superstore
LJ Hooker Property Specialists has established their new flagship location in North East Adelaide, under the direction of Principal Michael Fenn, merging the Greenwith and Mawson Lakes locations into a new “superstore”.
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INDUSTRY NEWS
$100,000 St Kilda garage attracts first-home buyers
A St Kilda garage listed for $100,000, that has the potential to be converted into a small apartment has been attracting a lot of attention from potential first-home buyers keen to get into the exclusive Melbourne suburb.
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WEIRD AND WONDERFUL
The Boeing 737 that’s been converted into a luxury Bali home
Retired aircraft are often sold off for parts or installed in a museum, but being converted into a high-end luxury villa in Bali is slightly more out of the ordinary.
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INDUSTRY NEWS
Brisbane tenant suing former landlord for $1.2 million
A Brisbane man who claims he sustained serious life-changing injuries when he slipped on a flooded floor is suing his former landlord seeking $1.2 million in what's set to be a test of the landlord-tenant duty of care relationship.
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INDUSTRY NEWS
REACH Australia launches Proptech listing portal
Venture capital firm and PropTech accelerator, REACH Australia is getting ready to launch a listing portal featuring all the available PropTech tools and platforms across Australia and New Zealand.
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Elite Agent TV
Julie Gauci: the power of auctions in regional areas
Julie Gauci’s career in real estate started as a 19-year-old receptionist before evolving over 20 years into a sales powerhouse writing $1.7 million GCI in 2022 as Principal of Ray White Culburra Beach.
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Celebrity Homes
Jennifer Lopez lists her Bel Air mansion for $42 Million
Popstar and actress Jennifer Lopez is officially looking to offload her sprawling Bel Air estate for a staggering US$42.5 million and purchase a new marital home with husband Ben Affleck.
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INDUSTRY NEWS
New South Wales the “poster child for failing housing markets”
A new report has found that the country's housing markets are in crisis, with New South Wales deemed the “poster child for failing housing markets”.
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Celebrity Homes
Jim Carrey looking to sell his $29 million LA “magical sanctuary”
Ace Ventura star and one of Hollywood’s biggest names, Jim Carrey is officially looking to part ways with his long-time Los Angeles home.
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Celebrity Homes
James Corden’s $22 million LA estate hits the market
Carpool Karaoke creator and late-night talk show host James Corden has officially put his luxurious Los Angeles estate on the market with an asking price of US$22 million.
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INDUSTRY NEWS
Renters feel the pinch as vacancy rates drop back to record lows
There’s still no relief in sight for renters with vacancy rates returning to record low levels across the country.
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INDUSTRY NEWS
Office vacancy figures show mixed outlook for cities
Businesses and workers continue to slowly trickle back into city CBDs, with new data showing demand for office space increased an average 0.1 per cent in the past six months.
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INDUSTRY NEWS
Brisbane property prices fall by a record 10.9 per cent
After property prices in Brisbane boomed by more than 40 per cent during the pandemic, values are now falling at a record-setting pace.
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Celebrity Homes
Britney Spears looking to offload her Calabasas mansion after six months
After less than six months of ownership, popstar Britney Spears is quietly shopping around her massive Calabasas mansion, asking US$12 million for the luxury home.
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WEIRD AND WONDERFUL
7 wild and wonderful listings on Zillow
Every year celebrity and other high-end homes seem to be getting bigger, bolder and at times a little bit crazy.
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INDUSTRY NEWS
One in two property markets declined in 2022: CoreLogic
Record high inflation, rising interest rates and weak consumer sentiment are leading to falling home prices, with new data showing that one in two markets declined in value in 2022
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INDUSTRY NEWS
Only 7 per cent of suburbs in New Zealand not experiencing price declines
While most suburbs in New Zealand have been experiencing steep home price declines in the past three months, there are still areas that have seen growth according to CoreLogic.
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