Search Results for: melbourne
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FRANCHISE NEWS
Ray White Forest Hill makes a return
Ray White Group is thrilled to announce the re-launch of Ray White Forest Hill, marking the triumphant return of industry icons Marc Lum, Darryl Wickham and Ryan Zhu to the Ray White family, as Dexter Prack expands his dominant operations from Ray White Judd White.
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Movers and Shakers
Knight Frank expands Melbourne retail leasing team
Knight Frank has bolstered its retail leasing capabilities in Melbourne with the appointment of Michael Di Carlo as Director, Retail Leasing, and Marie Formica as Retail Leasing & Projects Coordinator.
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INDUSTRY NEWS
Australia losing nearly 23 affordable homes a day
Australia’s affordable housing supply is shrinking at an alarming rate, with new data showing nearly 23 sub-$750,000 homes disappearing from capital city markets every day. Fresh analysis from Ray White Chief Economist Nerida Conisbee reveals that while affordable unit numbers are rising slightly, they’re nowhere near enough to offset the steep and sustained losses in houses.
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INDUSTRY NEWS
Homeowners bank record profits as housing market recovery gains pace
Australia’s property market is delivering windfall returns for sellers, with new Domain data showing most homeowners are reaping substantial profits when they sell. In the first half of 2025, profit-making sales reached their highest level in decades for houses and in three years for units, as rising prices and longer ownership periods combined to boost equity across much of the…
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INDUSTRY NEWS
Melbourne office market faces major shift under proposed WFH rules
Victoria’s plan to make working from home a legal right is expected to trigger a major shift in Melbourne’s CBD office market, with new analysis suggesting the changes could reshape demand, rental values and investor strategies across the sector.
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Celebrity Homes
‘Chateau Swann’ hits the market as AFL boss heads south
AFL football boss Greg Swann and his wife Leonie are farewelling their beloved Queensland home, affectionately known as ‘Chateau Swann’. The five-bedroom entertainer’s haven, which has played host to AFL stars, family and friends over the past decade, is headed to auction later this month as the couple make the move to Melbourne.
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SUPPLIER NEWS
Calm, confident and in control: why property managers are showing up to MECCA after hours
Ailo has launched a new series of invitation-only events for property management leaders, held after hours in MECCA stores across Australia. The small-format gatherings focus on candid discussions about industry change, technology adoption, and leadership in what Ailo describes as the “third wave” of property management.
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INDUSTRY NEWS
RBA rate cut set to fuel spring property market confidence
The Reserve Bank’s third cut this year is poised to lift market sentiment ahead of the busiest selling season, but experts warn that affordability challenges remain.
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FRANCHISE NEWS
Ray White celebrates its 2025 international winners
More than 3000 members of the leading property group Ray White came together and celebrated the 2025 financial year on the Gold Coast last night.
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FRANCHISE NEWS
Jellis Craig announces significant merger, joining forces with leading Bayside real estate group, Chisholm & Gamon
In a move that enhances the service capabilities and market leadership of Victoria’s premiere property agency Jellis Craig, it has today announced it will be joining forces with leading Bayside real estate group, Chisholm & Gamon.
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INDUSTRY NEWS
Slight uptick in auctions hints at stronger spring momentum
Australia’s auction market is showing early signs of renewed energy, with a slight rise in listings this week and even stronger volumes forecast ahead. While winter conditions have kept overall activity subdued, clearance rates are holding steady, and in some cases, bouncing back, indicating growing buyer confidence and market resilience. With nearly 2,000 homes scheduled to go under the hammer…
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INDUSTRY NEWS
New suburb approved for Melbourne’s expanding outer north
A major residential development has been approved for Melbourne’s outer north, with the Victorian Government greenlighting the Beveridge North West Precinct Structure Plan. The new suburb will deliver thousands of homes, schools, parks, and local centres as part of a long-term plan to accommodate the city’s growing population.
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INDUSTRY NEWS
Housing market pauses in July but poised for rebound with expected rate cuts
Australia's housing market experienced a significant slowdown in July following the Reserve Bank's decision to hold interest rates, though experts predict this deceleration will be short-lived with anticipated rate cuts on the horizon.
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INDUSTRY NEWS
Property values rise across all capitals as housing market strengthens
National dwelling values have increased for the sixth consecutive month, with every capital city recording growth as the housing market continues to strengthen.
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FRANCHISE NEWS
Jellis Craigs Strengthens Moonee Valley presence with the Addition of Keilor East Team
Jellis Craig Moonee Valley has announced an important local expansion, Basil, Rosa and Pat Zoccali will join the Jellis Craig team.
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INDUSTRY NEWS
Brisbane overtakes Melbourne as property markets surge nationwide
Australia's property market is experiencing a significant revival with Brisbane overtaking Melbourne to become the nation's second-highest median house price city, reaching a record $1 million for the first time.
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FRANCHISE NEWS
Matt Redmond: building success in South Gippsland
Matt Redmond has found a perfect fit with Area Specialist, using his local knowledge and reputation in South Gippsland to build a thriving real estate business.
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Ray White
Ray White’s auction stars for 2024-25
Ray White celebrates its auction excellence with 110 members named to the prestigious Tony Fountain recognition program, honoring agents who conducted at least 40 auctions with a 50% clearance rate. From Brisbane's Ethan Petrie with 152 auctions to Perth's Vivien Yap breaking records, these specialists demonstrate why auctions remain central to the company's market leadership.
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INDUSTRY NEWS
Families paying six-figure premiums for top school catchments
Families are paying premiums of up to $1.3 million for houses in sought-after public school catchment zones in Sydney and Melbourne, though these investments don't always deliver stronger long-term capital growth.
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INDUSTRY NEWS
The “fortress suburbs” where price pressure hits a wall
In most property markets, rising prices in one suburb tend to push buyers into neighbouring areas offering better value. But not always. A recent analysis by Ray White Group Chief Economist Nerida Conisbee has identified a rare category of suburbs that remain insulated from affordability pressures—so-called “fortress suburbs.”
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INDUSTRY NEWS
Capital city property prices rise in unison as market momentum builds
No rate cut - yet - but housing demand and tight supply continue to drive growth across Australia
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INDUSTRY NEWS
Perth leads the nation as fastest selling property market
Australian property sellers can expect their homes to sell in about a month on average, but significant variations exist between capital cities, with Perth emerging as the nation's fastest market.
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FRANCHISE NEWS
Jellis Craig unveils new brand identity after 11 years
Premium real estate agency Jellis Craig has unveiled its new brand, revealing a refined visual identity that will celebrate its reputation while hailing in the next era of its evolution.
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Movers and Shakers
John Talbot to lead Elders’ commercial real estate expansion
Elders has appointed John Talbot as Head of Commercial Real Estate as the company looks to expand its footprint in the commercial property sector.
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INDUSTRY NEWS
Modular construction emerges as solution to Australia’s housing cost crisis
Modular construction methods could significantly reduce building costs and timeframes as Australia grapples with ongoing housing affordability challenges, despite a recent cooling in construction inflation.
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INDUSTRY NEWS
Brisbane officially joins the million dollar club
Brisbane’s median house value has officially topped $1 million, driven by rapid population growth, interstate migration, and tight housing supply, but affordability challenges may now be slowing the pace.
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FEATURE INTERVIEWS
What’s driving Australia’s property market in the second half of 2025
With rates on pause and sentiment shifting, Australia’s property market is entering a new phase. Domain’s Dr Nicola Powell says the rest of 2025 will be shaped by localised trends, buyer confidence, and a return to market fundamentals.
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Movers and Shakers
Trent Pool launches McGrath Merimbula
McGrath Estate Agents has expanded its New South Wales South Coast presence with experienced agent Trent Pool opening a new office in Merimbula.
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INDUSTRY NEWS
Nearly half of Australian suburbs at record highs as property market upswing broadens
Fresh data from Cotality shows a growing number of suburbs hitting new price peaks, with Queensland and WA leading the rebound.
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INDUSTRY NEWS
Australia’s rental market stalls as affordability pressures peak
After years of rising rents, new data shows Australia's rental market is slowing as affordability pressures force a shift in pace.
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FRANCHISE NEWS
FOUNDIT Launches in Sydney with Leading Buyers Agent
Sabeen Akbani joins as FOUNDIT’s first Market Expert in Sydney, bringing deep local expertise to the platform’s growing national presence.
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INDUSTRY NEWS
Rate cut hopes dashed — what the hold means for real estate now
While markets had all but priced in a cut, the central bank’s decision to hold has left many in the property industry reassessing what’s next. Here's how key real estate voices are interpreting the pause — and what it could mean for the months ahead.
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INDUSTRY NEWS
Buying cheaper than renting in pockets of Australia, new data reveals
New analysis from Domain has revealed the suburbs across Australia where buying a home is now cheaper than renting, offering a potential pathway to ownership for first-home buyers—particularly those considering units or regional locations.
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Movers and Shakers
The master becomes the apprentice
Barry Plant CEO Lisa Pennell joins the company's Auction School, stepping out of her comfort zone to learn auctioneering alongside sales agents. The 10-week program, led by industry veteran Mark Lynch, transforms novices into confident auctioneers through public practice sessions that simulate challenging real-world scenarios.
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SELLING + MARKETING PROPERTY
Barbara Corcoran rewrote the rulebook – and these agents are following her lead
Barbara Corcoran turned a $1000 loan into a $100 million real estate empire, not by playing it safe but by getting noticed. From fake market reports to dog tricks and outrageous stunts, she proved that visibility wins listings. Now a new wave of Aussie agents are following suit with bold, creative campaigns that break the mould and get results.
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