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Movers and Shakers
Savills strengthens NSW Property Consultancy team with senior hires
Savills Australia and New Zealand has appointed Kara Krason and Larissa Ozog as Associate Directors to bolster its NSW Property Consultancy team.
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INDUSTRY NEWS
Australian retail vacancy rates decline as market shows resilience
Australia's retail property market continues to strengthen with vacancy rates falling to 4.7 per cent in December 2024, down from 5.5 per cent a year earlier.
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SUPPLIER NEWS
Evicting a tenant – can insurance step in?
Eviction is a legal minefield where one misstep can cost landlords thousands. While most property owners view their insurance as a safety net for tenant troubles, EBM RentCover Managing Director Sharon Fox-Slater, explains that net can disappear in an instant if proper eviction protocols aren't followed.
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Movers and Shakers
Terry Singh and Gary Verma open McGrath Craigieburn
McGrath Estate Agents continues its Victorian expansion with the opening of a new office in Craigieburn, led by experienced local agents Terry Singh and Gary Verma.
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Movers and Shakers
Jackson Oram opens Coronis Mitchelton franchise
Jackson Oram has launched Coronis Mitchelton, the latest partnership franchise for the Coronis Group as the company continues its strategic expansion.
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INDUSTRY NEWS
Calls to ease housing affordability pressures as property leaders back red tape reduction
Two of Australia’s leading property industry voices have thrown their support behind changes to lending and investment policy, arguing they are necessary to improve housing affordability and attract investment.
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FRANCHISE NEWS
Diamonds star at real estate event
RE/MAX Australia invited its highest achievers to an exclusive event recently, held at the Calile Hotel in Brisbane.
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INDUSTRY NEWS
Co-working spaces are booming and profits are growing
Australia's flexible workspace industry is experiencing strong growth with operators reporting increased revenue, rising profitability, and high confidence levels.
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Celebrity Homes
Todd McKenney buys $2m Fitzroy warehouse conversion
Stage and screen performer Todd McKenney has made a big lifestyle change, purchasing a $2.035 million warehouse conversion in Melbourne's trendy Fitzroy after selling his Sydney home.
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INDUSTRY NEWS
Victoria leads Australia’s population growth as housing shortfall looms
New data from the Australian Bureau of Statistics (ABS) shows Australia’s population grew by 484,000 people (1.8%) in the year to September 2024, with Victoria leading the way, adding 147,000 new residents. Oliver Hume Chief Economist Matt Bell warns a housing shortfall will be a “tragedy” for low and middle-income households already struggling with affordability.
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INTERNATIONAL
Dar Global invests AUD$613 million in Saudi Arabia’s residential market
Luxury real estate developer Dar Global has made a significant move in Saudi Arabia’s booming property market, investing €358 million (AUD $613 million) to acquire two residential-led development sites in Jeddah and Riyadh.
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INDUSTRY NEWS
Regional migration trend started well before COVID
More Australians are moving from capital cities to regional areas in a long-term trend that began well before the COVID-19 pandemic, according to new research.
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INDUSTRY NEWS
REA Group invests in rural property data platform Agtuary
REA Group has announced it will acquire a minority stake in Agtuary, a platform specialising in rural property and environmental data insights.
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Celebrity Homes
Historic London penthouse from ‘Oliver!’ is selling for $3.54 million
A stunning penthouse in a converted warehouse that once served as a backdrop for the 1968 Oscar-winning film ‘Oliver!’ is now on the market for £1.85 million (AUD $3.54 million).
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INDUSTRY NEWS
REIA unveils seven-point plan to tackle housing crisis
The Real Estate Institute of Australia (REIA) has launched a comprehensive election commitment plan aimed at addressing Australia's housing affordability crisis ahead of the 2025 Federal Election.
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FRANCHISE NEWS
Darren Pearce joins First National as Membership Director
Industry veteran, Darren Pearce, with over 30 years of experience has taken on a key leadership role at Australia's largest independent real estate network.
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INDUSTRY NEWS
New Zealand coastal suburbs see extraordinary growth patterns
New Zealand's coastal property market has experienced exceptional growth across both islands, with some areas achieving up to 372 per cent value increase over five years, according to new research.
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Mindset and Personal Development
Finding joy in real estate: beyond the million-dollar listings
Discover how Josh Horner, a former Broadway dancer and founder of The Horner Agency, applies his unique background to redefine success in suburban real estate.
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INDUSTRY NEWS
How climate risks are reshaping real estate
The increasing frequency of natural disasters, driven by climate change, is reshaping real estate markets in the United States and Australia.
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Elite Agent
Study Reveals How Neighbourhood Upgrades Cut Crime
A research study conducted across six major US cities has found that targeted investments in neighbourhoods, such as home repairs and new construction, can lead to significant drops in crime. The study, “Investment and Crime on Residential Street Segments: Assessing the Moderating Role of Neighbourhood Characteristics,” by researchers Marie Skubak Tillyer, Arthur Acolin, and Rebecca J. Walter, found that targeted…
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INDUSTRY NEWS
Renovations outpace new builds as homeowners opt for upgrades
Homeowners are increasingly choosing to renovate rather than build new homes, with renovation spending now accounting for 40 per cent of total construction expenditure.
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INDUSTRY NEWS
Capital cities could accommodate three million new homes
New research has identified the potential for more than three million additional strata units to be built across Australia's major cities, offering a potential solution to the housing crisis.
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INTERNATIONAL
China’s massive urban village overhaul: 1 million homes, 300 cities, and a real estate revival
China has announced a major expansion of its urban village redevelopment program, increasing coverage from 35 cities to nearly 300 as part of efforts to stabilise the real estate sector.
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INDUSTRY NEWS
Experts worried immigration is overwhelming housing supply
Australia's leading experts on housing are worried that Australia’s high levels of immigration are hurting housing affordability and making homeownership unobtainable.
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INTERNATIONAL
Singapore’s heritage Shophouses snapped up by wealthy investors
Comparable to New York’s brownstones or London’s Soho properties, these iconic buildings are seeing record prices, attracting billionaires, and local developers.
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INDUSTRY NEWS
Sydney’s property market shifts: insights from Domain’s ‘Matching Demand’ report
Sydney’s property market is witnessing significant change, driven by affordability, lifestyle needs, and demographic shifts.
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FEATURE INTERVIEWS
What is the Great Aussie Dream now?
The “Great Australian Dream” has changed. Once dominated by the ambition to own a home, today’s ideal centres on leading a life free from financial pressure and a focus on well-being.
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INDUSTRY NEWS
Victorian government to release record amount of land for housing
The Victorian government is preparing to announce the largest release of land for housing in the state's history, targeting Melbourne's outer suburbs to combat the ongoing housing crisis.
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INDUSTRY NEWS
Dutton’s $5 billion plan to solve housing crisis
Opposition Leader Peter Dutton has announced a $5 billion Housing Infrastructure Program, aiming to fast-track the construction of up to 500,000 new homes if the Coalition wins the next federal election.
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