NEWS
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Perth buyers soak up listings despite wet conditions in July
Perth's wet weather hasn't dampened buyers' interest, according to REIWA. …
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Rex Software celebrates 10 years servicing the real estate sector
The year was 2011. The iPad was in its infancy, Prince William was busy marrying a gal called Kate Middleton and technology played a much smaller role in real estate. In fact, real estate tech at the time tended to involve a mass of broad and disconnected systems where double handling was par for the course and repetitive, manual data entry was the bugbear of many an agent and their long-suffering admin team. …
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The ATO warns property investors to be aware of common tax return traps
The Australian Taxation Office (ATO) reminded property investors to look out for common tax return mistakes that can delay refunds or lead to an audit, costing taxpayers’ time and money. In the 2019-2020 financial year, over 1.8 million Australians owned rental properties and claimed $38 billion in deductions. Assistant Commissioner Tim Loh said that the most common mistake rental property and holiday homeowners make is neglecting to declare all their income. …
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Sydney lockdowns could cause another Australian recession
68 per cent of Finder's surveyed experts believe Sydney's extended lockdown could be a catalyst for another recession in Australia. …
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PropertyMe celebrates reaching 4500 subscribers and 1.3 million properties
lian property management software company PropertyMe has surpassed their milestone of 4500 agency subscribers and is now used to manage over 1.3 million properties. …
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Auction volumes steady, clearance rate rises
This weekās preliminary clearance rate has edged higher and volumes remain on par with previous weeks, despite the fact more than 250 of the anticipated 2077 auctions for this weekend were rescheduled to a later date. …
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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 Australiaās 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 for professional development. …
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Mother and daughter team join The Agency
Mother and daughter duo, Cathy and Madi Roche, have been business partners for 10 years this month. …
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Darren Cole launches Cole + Yarrow with co-founder Craig Yarrow
Darren Cole has launched Cole + Yarrow with co-founder Craig Yarrow …
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Former weatherman Mike Larkan’s new career path as an auctioneer
Former Network 10 weatherman Mike Larkan is forecasted to thrive in his new career as an auctioneer, after being axed from TV last year. …
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Sydney and Melbourne are the only capital cities with declining rental markets
REIA president Adrian Kelly said Sydney and Melbourne saw rents fall slightly, while other capital cities saw rents increase …
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If you donāt like rejection, get out of real estate: Luxe Listings Sydney Episode 4 recap
Rise and grind people – weāre back with this weekās recap of Luxe Listings Sydney. And we mean grind. No dates. No roses. No boats. No bars. Just the 5am club, plenty of cold calls, a malfunctioning mouse and a very long drive over the Harbour Bridge. The end. Just kidding. Weāre straight to into the action at Cohen Handler where sales are up and revenue is up and there is talk of ending the year with a bang. …
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The Agency on track for record financial year results
The Agencyās planned growth trajectory continues, with the groupās results for the June quarter indicating the company is on track for 2020/21 financial year EBITDA of more than $4 million. …
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Market Buy seeks to provide a listing presentation advantage
A great digital profile and solid reputation might get you through the door, but nothing secures a listing quite like the cold hard data of proven results, according to Market Buyās John Hellaby. A former agent himself, Mr Hellaby explained Market Buy provides all real estate clients with that data, with every sale on the platform compiled into a PDF report that can be used to showcase an agentās proven results. …
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Gap between median house and unit prices breaking records
The price premium of houses over units has continued to emerge since March last year, as stage two restrictions rolled out across the nation. …
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Pandemic fuels regional migration and pushes property prices up
Across the country, prestige and regional markets have seen incredibly positive results over the past year, but other areas have also experienced prominent changes. …
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Century 21 celebrates its 50th anniversary
Century 21 has reached a special milestone as it celebrates its 50 years, working to help people achieve their property needs. They first opened their doors internationally in 1971. …
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More than half of property managers have dealt with domestic violence in tenancies
The Real Estate Institute of Australia (REIA) surveyed property managers earlier this month about their dealings with domestic violence issues while on the job. The survey found 57 per cent of property managers have coped with domestic violence in tenancies over the past 12 months, with 30 per cent managing such issues two or three times each year. REIA President Adrian Kelly said 55 per cent of survey respondents believed toolkits would help support them. …
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PRD Nationwide Ballarat has used RiTA by AiRE to win more listings
PRD Nationwide Ballarat director and sales manager Jason Birch recently joined RiTA by AiRE growth specialist Tristan Lovell in a webinar dedicated to sharing ways to accelerate your leads and listings ahead of the spring season. …
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REA Group welcomes Eleanor Creagh as new senior economist
REA Group has announced the appointment of Eleanor Creagh as a senior economist. As a trusted financial commentator, Ms Creagh is set to bring a wealth of experience in local and international capital markets to the senior economist role. Working alongside REA Group’s Director of Economic Research, Cameron Kusher, Ms Creagh will play a fundamental role in driving forward the group’s program of economic research and informing key audience groups with market analysis and commentary.Ā …
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CoreLogic NZ expects mortgage lending volumes will ease
CoreLogic New Zealand (NZ) has tipped lending activity will slow down over the coming months with mortgage rate increases on the horizon. This comes despite property sales activity remaining solid in June. CoreLogic NZ Chief Property Economist Kelvin Davidson said it was interesting that first-home buyers had a monopoly on mortgage lending with less than a 20 per cent deposit. However, …
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REI Super ranked eighth best performing fund across Australia
REI Super was ranked the eighth best performing super fund by the Australian Financial Review for the last financial year. …
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Rental Heroes appoints new national sales manager
Melbourne-based proptech Rental Heroes launched in January 2020 and already has over 50,000 tenants across Australia who are subscribed to it's AI chatbot. …
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Cheaper for small businesses to buy commercial property than lease
Raine & Horne Commercial have released their second quarter 2021 edition of Commercial insights, supplying the industry with an insight into the health of the commercial property market in Australia. …
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New webinar reveals how to successfully prioritise agency legals
O*No Legal founding director Kristen Porter will explain in an upcoming webinar why the biggest challenge real estate agent principles, head of operations, or business owners face is protecting their most valuable asset - their agency. …
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Real estate coach Sherrie Storor has a focus on agent photoshoots
Real estate coach Sherrie Storor will be hosting on-site photoshoot sessions offering hands-on guidance on what agents should capture in a photoshoot for their social media profile. …
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Most millennials believe the housing market needs more regulation
The majority of millennials (70 per cent) believe the housing market should be more heavily regulated, according to HomeLoanExperts.com.au. …
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Western Australian regional centres enjoy a spike in house prices
Eight of WA's nine regional centres have experienced growth in median house sale prices throughout the June 2021 quarter. …
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Overseas investment in US homes falls to the lowest level in a decade
Overseas buyers purchased US$54.4B worth of existing homes in the US from April 2020 through March 2021. This was the lowest level in a decade. …
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Industry leaders respond to Labor’s negative gearing pledge
ALP leader Anthony Albanese has pledged his part will not restrict negative gearing or increase capital gains tax if they win the next election. …
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Investors and owner-occupiers leap onto the booming Gold Coast market
While owner-occupiers want to downsize, investors are focused on the Gold Coast in the wake of historically low rental vacancy rates. …
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Why current restrictions will have different impacts to Melbourne’s 112-day lockdown last year
Ray White chief economist Nerida Conisbee has analysed the parallels between Melbourne's 112-day lockdown last year and what is happening across Melbourne, Sydney and Adelaide now in terms of property listings and sales. …
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Australian residential auction market records the busiest period in four years
The three months to June proved the busiest auction period since December 2017, according to new insight from CoreLogic. …
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John Legend and Chrissy Teigen sell Beverly Hills home for $7.15 million less than asking price
Musician John Legend and his model wife Chrissy Teigen have sold their Beverly Hills home for around US$16.8 million. …
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Demand from South Australian residents drives Adelaide’s price growth
Adelaide's real estate market grew by almost 14 per cent over the last financial year, according to Raine & Horne. …
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