INDUSTRY NEWS
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Olga Horak selling her Rose Bay home
High-profile Jewish immigrant, Olga Horak who fled Germany after World War Two is selling her Rose Bay home with a $6 million price guide.
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Australia’s most affordable coastal hotspots
The swarm of seachangers headed to coastal areas surged during COVID lockdowns and in the process drove up prices.
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REIV wants tax reforms to boost rental supply
The Real Estate Institute of Victoria (REIV) has called on the Victorian Government to consider tax reforms that will bolster the supply of rental properties and help ease the escalating affordability crisis.
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Pedal power: Kelly Podlich saddles up to help young people
As Harcourts International’s Chief Financial Officer, Kelly Podlich is used to chalking up some pretty big numbers.
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New listings tumbled 13.6 per cent in March
Vendors took their foot off the pedal last month, with new listings 8.8 per cent lower than the same time last year.
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Richardson & Wrench Caboolture says cheers to 30 years
It was a simple house-and-land newspaper ad that brought Robyn and Peter Lachmund to Caboolture from Penrith.
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Sophie Lyon takes on a new role at Real+
Leadership and property management expert Sophie Lyon has joined national training and consulting platform Real+, with a goal of helping leaders take the next step in their career.
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CommBank, NAB and Telstra named best companies to work for
Australia’s best companies to work for have been named with CommBank, NAB and Telstra taking top honours.
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Home building unlikely to rise this year
Home building activity is unlikely to pick up this year given the volume of new home sales is also languishing, according to the Housing Industry Association (HIA).
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Propic secures full Series D subscription, led by View Media Group
Propic has announced the successful closure of its Series D funding round.
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Arresting development: Fremantle Police Headquarters ‘cells’ for $5 million
The heritage-listed Fremantle police station in Western Australia has been sold to a private buyer after the sales team was able to successfully market the property to local investors.
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New Zealand luxury house and unit transactions slide
For the second year in a row, both luxury house and luxury unit transactions decreased. For Auckland, houses that sold for more than $5 million were considered to be luxury houses, and units that sold for more than $3 million were considered luxury units. In Wellington, where sale values are smaller, the condition for luxury houses was at least $3…
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REIQ launches new video series to empower consumers
The Real Estate Institute of Queensland (REIQ) has launched a new video series that aims to help consumers make educated and informed decisions about buying, selling, or renting property in Queensland.
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Noosa’s newest prize: Waterfront icon sets new record
A two-bedroom Noosa Heads waterfront apartment has sailed away with a new record as the most expensive property sold in the tightly held Noosa Harbour Resort.
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Capital cities to outpace regional areas with price growth
The big capital cities are shaping up as the best buying opportunities in the next 12 months led by Brisbane, Adelaide and Sydney.
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Tim Reardon: Attract foreign investors don’t tax them
Foreign investors are not to blame for Australia’s housing shortage and are actually one of the keys to solving the crisis, according to an economist.
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Property market confidence is on the rise except for in Victoria
Industry insiders are feeling increasingly confident about the state of the property market, however, Victoria continues to lag behind.
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Richardson & Wrench Double Bay primed for continued success
One of Double Bay's most reputed and longstanding real estate agencies is set for ongoing success with a trio of property experts at the helm.
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How agents can win after the NAR commission case
It’s the “educated agent” that’s likely to succeed in a post-NAR commission landscape that the US real estate industry is facing according to experts.
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Tenant who subleased room and kept up to five cats ordered to leave rental
An ACT tenant who leased a room in her landlord's property on Booking.com and housed up to five cats without permission has been ordered to leave the property.
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Hundred4Harper raises $100,000 for childhood brain cancer research
Almost 250 people filled a gym on Sydney’s Northern Beaches on the weekend, sweating it out in a gruelling 100km fitness challenge in honour of a little girl some of them had never even met.
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Almost zero: Perth’s vacancy rate falls again
Perth's vacancy rate is heading towards zero after hitting a new low of 0.4 per cent in March.
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Millennials are the most active property investors in Australia
Millennials have emerged as the most active group of property investors in the country with new data showing they are also not afraid to go it alone to get onto the property ladder.
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The largest lollipop in the world hits the market
A property that sweet tooths will love has hit the market in regional Western Australia, boasting the largest lollypop in the world.
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Domain: The rental crisis could reach a turning point in 2024
Embattled renters could be in for some relief ahead with an expert predicting that the rental crisis could be reaching a turning point.
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Secure your agency’s future with the Start Up Sorted Program
The Real Estate Agents' Lawyers - O*NO Legal has opened the doors to its Start Up Sorted Program, to empower agency growth without compromising protection - all with the guidance of industry specialists.
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Spanish Government to cease ‘golden visa’ scheme for property investment
The Spanish government has initiated the process to discontinue the controversial "golden visa" scheme, which has offered foreign investors a fast track to residency since 2013.
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REIA launches action plan to tackle housing crisis and boost property management
The Real Estate Institute of Australia (REIA) has launched a Property Management Action Plan designed to simultaneously tackle the housing crisis and bolster property management as a profession.
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Ryan Reynolds and Ryan Serhant headline AREC24
Hollywood celebrity and entrepreneur Ryan Reynolds and high-profile US agent Ryan Serhant will be amongst some of the big names headlining this year's Australasian Real Estate Conference (AREC) on the Gold Coast.
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Vacancy rates rise, but no relief for renters
The national vacancy rate has seen a modest increase in March, but renters are still under extreme pressure according to new data.
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Connectnow to enhance the moving experience for more tenants
Leading utilities connection service, connectnow, has partnered with next-gen property management platform Managed, to enhance the home moving experience for Australian tenants and home buyers.
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Landlords must prepare for ESG scrutiny in asset valuations
Landlords will need to prepare for more questions from valuers about an array of different Environmental, Social, and Governance (ESG) elements for assets, following changes to the International Valuation Standards (IVS).
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WA and QLD renters under extreme pressure
Life is not getting easier for renters with new data showing that tenants in Western Australia and Queensland are experiencing the worst rental conditions in the country.
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