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INDUSTRY NEWS
Rents surge in longest ever stretch of price growth
Tenants continue to face extreme financial pressure, with rents rising at the fastest rate since before the pandemic.
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INDUSTRY NEWS
Refinancing hits a record high as borrowers try to combat rising rates
Rising interest rates are pushing increasing numbers of borrowers to refinance in search of lower interest rates, while new loans have continued to decline according to new data.
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INDUSTRY NEWS
Bombshell US court ruling could see agents forced to reimburse sellers
An explosive court ruling in the US has opened the door for potentially millions of sellers to seek to be reimbursed for commissions paid to buyer's agents between 2015 and 2020.
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INDUSTRY NEWS
Smaller capital cities are the standout performers in a ‘segmented’ market
The smaller capital city property markets of Adelaide, Perth and Darwin have been the standout performers from across the country, while Melbourne continues to struggle, according to a new report.
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COMMERCIAL
Flight to quality for East Coast CBD office space
Businesses are demanding A-grade CBD office space in Melbourne and Sydney as employers try to entice workers back to the physical office.
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INDUSTRY NEWS
One-in-five new buyers want an inner city home but can’t afford it
New home buyers in Victoria want to be living in established areas, but a lack of suitable options is making that impossible according to a new report.
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INDUSTRY NEWS
One in four borrowers are paying over 6.5 per cent on their mortgage
Rising interest rates have caught borrowers off guard, with one-in-four now paying over 6.5 per cent interest on their mortgage.
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INDUSTRY NEWS
PMVA secures six-year lease with Clark Global City
Property Management Virtual Assistant (PMVA) has extended its lease with Clark Global City for six more years, allowing the company to improve its market-leading services even further.
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WEIRD AND WONDERFUL
Mansion with its own $300,000 gym hits the market
Fitness enthusiasts tired of overcrowded gyms might want to take a look at this exclusive mansion that comes with its own commercial-sized gym - fitted out with $300,000 worth of equipment.
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INDUSTRY NEWS
HomeBuilder deadline extended for property owners
Property owners at risk of losing the $25,000 HomeBuilder grant due to ongoing building delays have been given a reprieve from the government, with the scheme extended to June 2025.
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Celebrity Homes
Emily Blunt and John Krasinski’s Hollywood Hills home back on the market
The former Hollywood Hills home of celebrity couple Emily Blunt and John Krasinski is back on the market and up for grabs for US$6 million.
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INDUSTRY NEWS
New Zealand home sales hit lowest level in 40 years
Home sales across New Zealand have plummeted to the lowest level since the GFC, as the sharp increase in interest rates has put the brakes on homebuyers.
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INDUSTRY NEWS
NSW and QLD top the list of recession-proof suburbs
NSW and QLD have a number of locations that could hold up in value in the event of a recession according to an expert.
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INDUSTRY NEWS
Loss-making resales jump across Sydney and Melbourne
The share of loss-making home sales across the country has jumped, led by both Sydney and Melbourne, which saw homeowners selling at a loss at the highest rate in four years.
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Celebrity Homes
Pride and Prejudice author Jane Austen’s longtime UK estate listed for $10.43 million
The longtime estate of Pride and Prejudice author Jane Austen has officially hit the market in the UK and is listed for sale for US$10.43 million.
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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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