REA Group
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INDUSTRY NEWS
Rent growth slows to lowest rate since 2021
Australia’s rental price growth slows as Sydney and Melbourne rents flatline for six months.
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INDUSTRY NEWS
REA Group: Healthy market boosts listings and revenue
REA Group (ASX) has reported a strong start to the 2024 financial year, with revenue from core operations reaching $413 million, a 21% year-on-year increase. REA Group CEO Owen Wilson said this impressive performance reflects strong seller confidence and high listing volumes, providing buyers with more options and moderating house price growth. “Seller confidence continued to drive a strong listings…
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INDUSTRY NEWS
Key opportunities for agents as buyer behaviour shifts: REA survey
The great Australian dream of home ownership is alive ... but it's evolving.
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INDUSTRY NEWS
Find out why November is statistically the best time to sell
Homeowners selling in November achieve higher prices.
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Real Estate News
Australia faces record low housing affordability, new report reveals
Australia is experiencing its worst housing affordability crisis on record, according to the PropTrack Housing Affordability Report for 2023-24.
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INDUSTRY NEWS
REA Group pledges $122,00 to fight homelessness
REA Group has stepped up to support Nedd Brockmann’s Uncomfortable Challenge, pledging $122,000 to help tackle homelessness across Australia.
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Real Estate News
September property listings hit highest levels since 2015
Sellers are embracing the spring selling season, with new property listings in September 2024 reaching their highest volume since 2015.
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Real Estate News
REA Group invests in 3D visualisation platform IMMERSIV
REA Group has announced a minority investment in IMMERSIV, a 3D visualisation platform designed specifically to support buying and selling off the plan properties..
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INDUSTRY NEWS
Tailored solutions: REA Group rolls out new customer service model
REA Group has introduced a new service model aimed at offering a more specialised and personalised experience for its customers.
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Real Estate News
realestate.com.au new ‘NextGen Listing’ inspires deeper discovery and connection
realestate.com.au is set to launch the next generation of its property listing experience, with images at the core of the first round of enhancements.
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SUPPLIER NEWS
REA Group partners with Realtair to support agent development
REA Group, alongside its partner Realtair, is offering customers complimentary six-week memberships to the interactive Complete Salesperson Digital course. The offer comes while a large segment of Australia’s property market remains in lockdown and unable to conduct in-person interactions. REA Group General Manager Residential, Simon Hope said REA is committed to supporting customers and values the importance of taking time…
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COMMERCIAL
REA Group partners with software provider Simpology
Real Estate Australia Group (REA) has acquired a 34 per cent interest in Australian software company Simpology. The software provider offers digital mortgage application and lodgement solutions for broking and lending industries. As a part of their new agreement, REA will take two seats on the Simpology Board. REA plans to use Simpology’s technology to facilitate direct transmissions of digital mortgage…
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Real Estate News
REA finds property seekers want energy efficient homes
Energy-efficient ratings and features have become increasingly important factors for Australians looking to rent, buy or build, according to new data from REA Group.
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Real Estate News
REA Group does a deal for share in PropertyGuru
REA Group has announced that it has entered into a binding agreement to combine REA’s Malaysia and Thailand businesses with Proptech company PropertyGuru.
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Real Estate News
REA Group ignites new lead management feature to offer agents greater insights
REA Group has announced a new lead management feature designed to offer agents deeper insights into audience behaviour.
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Real Estate News
Demand for housing continues to outpace listing supply volumes
Demand for housing in Australia continued to outpace listing volumes in April, according to the latest data from REA Group.
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Real Estate News
Australia’s hot housing market showing slight signs of cooling
Australia’s housing market may be showing signs of slowing down, with an increase in supply and a slight downturn in search activity, according to the latest REA Insights report.
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Real Estate News
Half of Australian homes will be cheaper to buy than rent over the next decade
A new report by REA Group has revealed more than half of homes will be cheaper to buy than rent over the next decade, based on current prices.
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Real Estate News
REA Group announces proposal to acquire Mortgage Choice
REA Group has today announced a proposal to acquire publicly listed mortgage-broking firm Mortgage Choice.
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Elite Agent
Price growth in capital cities outstripping regions according to REA Insights Home Price Index data
Capital city price growth outpaced regional growth for the second time in 12 months in February, data from the new REA Insights Home Price Index released today shows.
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Elite Agent
REA Group changes Track with rebranding of data and valuations business
REA Group has announced a rebranding of its property data and automated valuations business Hometrack, which will now be known as PropTrack.
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INDUSTRY NEWS
Demand for Australian property hits a new peak, REA Demand Index
According to the REA Property Demand Index, after a choppy few months, demand surged again in July with even the struggling WA market starting to hit its stride. Only one section of the Australian market, NSW apartments, saw a slight drop in demand. Chief Economist Nerida Consibee said, “Given that the state has been seeing decades of housing undersupply, this…
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AREC2017 EA Studio
Feature Interview: Andrew Rechtman with Samantha McLean
Transcript: Samantha McLean: Hey everyone, Samantha from Elite Agent Magazine and I have the pleasure of welcoming Andrew Rechtman, who is the Executive General Manager of Residential for realestate.com.au. Hi Andrew. How are you going? Andrew Rechtman: Great to be here. Thank you very much. Samantha: You’ve got a lot of robotic devices here at AREC this year. So tell…
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Elite Agent
Steve Carroll: Robots, Driverless Cars and the Need for Speed
Ladies and gentlemen, in the future, when you get home from work, who would you rather have cook your dinner… your partner, or a robot programmed by Jamie Oliver? This was one of the opening questions from Steve Carroll in his keynote at this year’s Momentum events across Australia. Elite Agent’s Samantha McLean took notes and has unpacked some of…
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Real Estate News
REA Group appoints Tomas Varsavsky as company’s first Chief Engineer
REA Group has appointed Tomas Varsavsky to the role of Chief Engineer. Mr Varsavsky will report to the REA Group Chief Executive Officer, Tracey Fellows. Varsavsky will be responsible for setting the strategic technology direction for the group and leads centralised teams around data, security, enterprise technology, infrastructure and architecture. Mr Varsavsky has been with REA Group for seven years where he was…
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Real Estate News
Everyone has a next level: RE/MAX top performers unite at industry forum in New Zealand
“Mission possible” was the theme of the RE/MAX high performers forum this year which was held in Queenstown, New Zealand. Seventy RE/MAX members from Australia and New Zealand gathered for three days of networking and learning at the invitation-only event for top performers. Michael Davoren, RE/MAX Australia and New Zealand Managing Director, said technology was a recurring theme at the…
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AREC2017 EA Studio
Feature Interview: Ric Serrao with Claudio Encina
Transcript: Claudio Encina: I’m sitting next to Ric Serrao. He’s been a high performing agent in the eastern suburbs of Sydney for a long, long time. Ric, what can we expect tomorrow from your presentation? Ric Serrao: I think I’m just trying to keep it simple. A lot has already been talked about today. I’m just trying to challenge how…
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Real Estate News
realestate.com.au strengthens home loan offering with acquisition of majority stake in Smartline
realestate.com.au has announced it will enter the mortgage broking market with the acquisition of an 80.3% stake in one of the country’s premier mortgage broking franchise groups, Smartline. With an average monthly audience of 5.9 million, realestate.com.au will now have access to over 300 Smartline advisers nationally. This acquisition adds to the strategic partnership with NAB, announced in December 2016, to…
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Real Estate News
realestate.com.au and NAB sign strategic mortgage broking partnership
realestate.com.au has announced it is building on its expansion into financial services by signing a new strategic mortgage broking partnership with NAB. realestate.com.au and NAB have also agreed to build a mortgage broking solution, which adds to the strategic partnership announced in December 2016 to create an Australian-first end-to-end digital property search and financing experience. To help achieve this, NAB…
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Elite Agent
Leading With Integrity
DRAWING ON YEARS OF EXPERIENCE in managing businesses both in and outside the real estate industry, Stone Real Estate Founder and CEO Peter Mumford explains why he would like to create a new ‘norm’ in real estate leadership. FOR MANY YEARS I have thought the property industry needs more ethical leadership and integrity, starting right from the top. This urgent…
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Elite Agent
Tom Panos – Commissions Are In the Community, Not In the Office
“‘HI. HOW’S THE SALE OF your place going?’ One of three things will happen when you say this. People are going to say to you, ‘We’ve already sold.’ Some people will say to you, ‘We don’t have a property to sell.’ Some people will say to you, ‘It’s not on the market yet.’ Bingo.” This is one of the classic…
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Real Estate News
REA Group confirms Henry Ruiz as CEO, REA Group Asia
REA Group today confirmed the appointment of Mr Henry Ruiz as CEO, REA Group Asia effective immediately. Mr Ruiz, who has been acting in this position since March 2017, is responsible for the Group’s Asia business including iProperty Group across Southeast Asia and Chinese property site myfun.com. Commenting on Mr Ruiz’s appointment, Ms Fellows said: “Asia is a key region…
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Real Estate News
REA makes Forbes list of most innovative growth companies
Forbes has released its annual list of the most innovative growth companies with market values between $2 billion and $10 billion. REA Group, parent company of realestate.com.au made the list among other high-profile business from around the globe. REA Group ranked 35th on the list and was only one of four media companies that made the cut. It is valued at…
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Real Estate News
REA new property platform linking developers with agents to sell off-the-plan properties
REA Group is launching a new feature as part of its Property Platform software that allows residential agents, project marketers and financial planners to connect with developers and builders and request access to sell off-the-plan properties. The new feature launches in July and gives developers the ability to expand beyond their own sales networks to access a bigger range of…
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Elite Agent
Purple Pain: Simon Whale
COULD REAL ESTATE AGENTS actually owe a debt of gratitude to online disrupters? Property technology specialist Simon Whale from Reapit in the UK explains why he’s in a love-hate relationship with Purplebricks. I’m thinking of going on Shark Tank and asking for $50m for a unique time management tool that would save real estate agents many hours of their lives,…
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