National
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Auction activity picks up right where it left off
Capital city auction activity has ramped up after the seasonal slowdown, with 891 homes taken to auction this week resulting in a preliminary clearance rate above 80 per cent.
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Peters Investments confirms its support for The Agency
Peters Investments has thrown further weight behind The Agency, converting $3 million of convertible notes to equity and exercising 14 million options in a show of support for the brand’s future plans.
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Ray White ready for red hot auction market
This weekend marks the beginning of the 2021 auction season and, according to Ray White, their group plans to start the year with a bang.
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Regions show record price growth
House prices have hit a new record high across all Australian capitals with exceptions of Darwin and Perth.The Domain House Price Report for the December 2020 quarter released this morning also shows that outer city regions across the country saw record price growth as demand rose throughout COVID.
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Record revenue for The Agency
The Agency’s half-year report to shareholders shows the company continues to grow in revenue, has positive cashflow, and a growing sales pipeline into 2021.
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Agents on the move
Newly signed Ray White recruit Leigh Grixti has a hidden advantage when it comes to property sales, while Brisbane agent Adam Gould is joining the LJ Hooker Property Centre in Cleveland with his team.
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Homely signs on as a major sponsor for Transform 2021
Homely says that after a fantastic response and positive feedback from agents and property managers who attended Transform 2020, they are seizing the opportunity to partner again with Elite Agent.
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Why online reviews are essential for real estate in 2021
There’s a lot more to online reviews that just five stars, and interaction management platform Podium knows the huge impact that can have on Australian real estate.
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Auction volumes up 44 per cent over December quarter
CoreLogic’s auction market review for the December quarter 2020 saw the combined capital city clearance rate continue to strengthen, while auction volumes increased by 44 per cent over the same period.
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Video of the Week – With a little help from my friends
When Jane Booty from Stone Real Estate In Castle Hill decided to sell her house, who did she list it with? All of her mates in the area, basically. Appearing in this video are Karen D'Angla from DiJONES Northern Districts, Melissa Williams from Response Baulkham Hills, Ruma Mundi from First…
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New home sales surge
The lure of $25,000 caused a surge of new home sales in December as buyers rushed to qualify for the Federal Government’s HomeBuilder grant.
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Lifestyle demand sees rental prices surge
A surge in Aussies moving to lifestyle destinations is causing a hike in rents, with it now costing more to lease a unit in Brisbane than in Melbourne.
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Momentum in Australia’s property market continues to build: CoreLogic
Core Logic's December data points to a strong 2021, with
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Property boom predicted for 2021
Five out of 8 Australian capital cities are likely to produce double-digit house price growth in the 2021 calendar year while forty (40) or more non-capital city locations will crack 20 percent capital growth over this 12-month block according to Propertyology’s Simon Pressley. Pressley says the history books will show that an Australian property boom commenced in Q3 2019 and,…
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Video of the Week – ‘Home Alone?’
Collings Real Estate’s Stefan Perera listed 1/197 Separation Street, Northcote in Victoria for sale this week, launching the property campaign with a Home Alone themed house tour just in time for Christmas. The inspiration was iconic Christmas movie(s) Home Alone, which they felt would do well to show off the three-bedroom home at Christmas time, allowing potential buyers to envision…
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Auction results indicate a race to the 2020 finish line
The final weekend of property auctions for 2020 proved there is still impetus and interest in the market, with this weekend's high volume matched by an equally impressive preliminary clearance rate. With the Christmas break now under way, Domain is the only source providing auction results. They have reported…
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Best of the Best Report shows 2020’s biggest property market winners
CoreLogic’s Best of the Best 2020 Report reveals Australia’s $7.2 trillion residential real estate market proved remarkably resilient.
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Auction activity shows no sign of a Christmas slump
Auction activity ramped up this week with CoreLogic reporting 2537 homes were taken to auction across the combined capital cities.
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RE/MAX financial services brand expands directorship
Pivotal Financial, the RE/MAX aligned financial services group, this week announced the appointment of Matthew Andrews to the Board of Directors.
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Real estate viewed more positively after the events of 2020
Real estate agents have improved their net score when it comes to how people perceive their conduct, with the industry jumping 21 per cent in the ethics index over the past year.
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Housing affordability sentiment at an all-time high
Experts have never felt better about housing affordability around the country, with signs that first home buyers may finally get a foothold into real estate.
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Return to CBDs should be a New Year resolution
Office occupancy in major CBDs is still well below pre-COVID pandemic levels, and most building owners or managers do not expect to see an increase in CBD office occupancy for three months or longer.
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Capital city home prices go up in a ‘resilient’ Australian property market
Median house prices in all Australian cities increased by 0.4 per cent during the September quarter, despite the effects of COVID-19.
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Ray White Rural donates $100k to help farmers put Christmas dinner on tables
A small foundation run by big hearts will help drought-stricken farmers put food on the table this Christmas thanks to a generous donation. Ray White Rural chairman Paul White has donated $100,000 to the Drought Angels to support farming families in need in the lead up to Christmas. Mr White…
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Our 10 most listened-to podcasts of 2020
10 Josh Tesolin: Digital marketing masterclass Do you want to know the secrets behind Josh Tesolin becoming agent of the year? From quickly adapting to COVID-19 to hot marketing tips and why using video and social media is more important than ever before, Josh shares in-depth insights into how he…
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Elders record their strongest result in five years
Rural and agribusiness real estate specialist Elders released their end of year result, reporting a profit after tax of $122.9 million and underlying EBIT of $119.4 million, representing a 62 per cent increase on the previous financial year. The company reports transacting just over $5 billion in sales during the year with gross profit growing across the residential business by…
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Sydney and Melbourne set for high capital growth in 2021
Pete Wargent, COO of property buyer's agent platform BuyersBuyers.com.au, says that the housing market landscape has shifted quickly over the past three months, with prices now rising across the capital cities and buyer sentiment surging. Mr. Wargent of BuyersBuyers.com.au said 'enquiry has picked up strongly over the past six weeks,…
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Auctions clock 75.1 per cent preliminary success rate
The preliminary clearance rate is sitting at 75.1 per cent after a weekend that saw 2065 auctions held across the capitals. CoreLogic notes the volume is down slightly on the week prior when 2168 auctions were held, but the initial success rate has risen from last week’s 73.9 per cent,…
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Eview Group celebrates its best for 2020 with an interactive global event
Using the latest virtual technology and partnering with a leading event company in Melbourne, this year’s Eview Group awards were televised live with interactive communication crossing to all nominees and award winners. “One minute we were in Melbourne, the next on the Sunshine Coast and then across the globe to our team on the island of Crete, Greece – it…
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Work from home trend to continue to impact real estate in 2021: LJ Hooker
A recent survey conducted by LJ Hooker found that prior to COVID, 79 per cent of people worked at their place of work and 21 per cent from home. This shifted over the course of the year, with 38 per cent of people currently working from home. Furthermore, only 64 per cent say they will be returning to their place…
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2 in 3 Aussies better off due to restrictions and govt stimulus
A recent survey from Money.com.au reveals two in three Australians have accumulated more money in their hip pocket this year, as a result of reduced spending, government stimulus, and loan repayment deferrals. The survey of 1013 consumers asked respondents questions about their earnings between April and October this year compared with the same period last year – taking into account…
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Homely reaffirms their commitment to real estate agents
Homely.com.au has reaffirmed their stance as an agent-friendly real estate portal, confirming today they will continue as an agent-only listing platform. As an industry-backed property portal, Homely notes they are an advocate for the betterment of the real estate industry and all those it services. “We believe it’s in the…
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First home-buyers dominate for the first time in 10 years: REIA
The most recent ‘Housing Affordability Report (HAR)’ revealed a 10-year high for first home ownership and an overall improvement in housing affordability across Australia. REIA President, Adrian Kelly, said a combination of factors meant that housing affordability has faced a bright spot for those who entered the market during the September 2020 quarter. “Market entry has experienced its largest year-on-year…
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Australia’s housing market continues the recovery trend: CoreLogic
Australia's housing market continued along a recovery trend through November. CoreLogic’s national index recorded a second consecutive monthly rise in November, with dwelling values up 0.8% over the month. The new recovery trend follows a 2.1% drop in Australian home values between April and September.According to CoreLogic’s Head of Research,…
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Cash rate not expected to lift for three years
"From a housing market perspective, home buyers are clearly responding to the unprecedented levels of stimulus available," With interest rates set to remain at these record lows for an extended period of time, attention is already focusing on how to manage associated risks of an 'over-heated' housing market while at…
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