INDUSTRY NEWS
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Bay of plenty of interest with Central Coast’s 2261 postcode booming in 2021
Killarney Vale on the NSW Central Coast is attracting hordes of Sydney buyers every weekend to open for inspections, as are nearby Blue Bay and Toowoon Bay.
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Spike in demand leads to rise in construction costs according to CoreLogic figures
The cost of construction in Australia rose by 1 per cent over the December quarter, according to newly released figures from CoreLogic.
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Construction of new homes to hit record high in 2021
A record number of almost 130,000 detached homes are anticipated to commence construction in 2021.
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The Agency takes reins as Australian Turf Club’s sponsor partner for three more years
The Agency has renewed its three-year sponsor partnership with the Australian Turf Club ahead of the 2021 Sydney Autumn Racing Carnival.
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Inland Australia in vogue as rural areas record surge in house values
As large swathes of rural Australia emerge from long-running drought conditions, and the mining sector benefits from higher commodity prices and a lift in investment, many rural areas are recording a surge in housing prices.
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Proptech Association of Australia starts up dedicated awards for sector
The Proptech Association of Australia has just launched the first dedicated national awards for the nation’s property technology sector, with sponsorship from legal firm Ashurst.
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Realestate.com.au honours the top residential and commercial real estate agents across Australia
Recognising industry excellence and best practice, 40+ Annual REA Excellence Awards (AREAs) have been announced across the categories of Innovation, Service, Marketing Excellence, and Community. With pandemic-era restrictions preventing the usual gala celebration, the winners have been celebrated in a unique way – with a mural designed by renowned Brisbane graffiti artist Sofles. The 17m x 16m artwork will be…
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Net gains as Knight Frank study finds Aussies feeling the love for ace properties with tennis courts
Anyone for tennis? Judging by the results of new research by Knight Frank, the answer is a resounding yes, with the market rallying when it came to the sale of super-prime residential properties with tennis courts in 2020.
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RE/MAX makes virtual tours a reality after signing partnership with VTA
RE/MAX has added another dimension to open houses and its agents look set to attract a greater proportion of qualified buyers and renters after the national franchise signed a partnership agreement with Australia's fastest-growing virtual tours company.
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RE/MAX agent blows Bribie Island record out of water with Banksia Beach sale
Bribie Island’s record sale price has been blown out of the water, with RE/MAX Advanced Bribie Island agent Claire Uttley’s sale of a home at Seaside Drive, Banksia Beach, surpassing the previous record for the island by almost $2 million.
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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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Toronto ‘Schitt’s Creek’ Mansion still up for sale – (and so is the Rosebud Motel)
The popular Netflix show Schitt's Creek may have wrapped but the mansion that was once home to the Rose Family has been on the market since 2018.
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Scarcity tipped to be a boon for Sydney market in 2021
Sydney’s property market has not only defied some of the dire predictions being talked about at the start of the pandemic, it has exceeded expectations, with many forecasting double-digit growth this year.
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Property Council welcomes NSW build-to-rent changes
The commencement of changes designed to implement a fit-for-purpose planning and tax regime to get build-to-rent housing off the ground in NSW have been welcomed by the Property Council of Australia today.
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Kate Hanssen helps Eview boost Bass Coast presence
Eview Group has announced a further bolstering of its Bass Coast presence, with the regional Victorian arm of the national network launching a fresh and exciting new brand. Customer-focused agent and Phillip Island local Kate Hanssen has joined forces with Eview to build on her experience, launching her self-titled brand “Kate Hanssen, Real Estate Executive”. “We are so excited for…
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Barry Plant’s Chari Emirzade has 1000 reasons to smile
Barry Plant Group’s most prolific sales agents has just added another notch to his belt, selling his 1000th property.
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REIA identifies Budget priorities for property sector
The Real Estate Institute of Australia (REIA) has identified 12 priorities it believes the Federal Government should adopt in the 2021-22 Budget to assist the nation’s property customers in succeeding in a COVID-normal environment.
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Finalists for AREAs 2020 announced including new data-driven recognition
The finalists for the 2020 Annual REA Excellence Awards (AREAs) have been announced, with top agents reporting record years, despite the Coronavirus pandemic.
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State of Origin competition at Ray White drives 7000 appraisals
In less than four hours, Ray White agents have drummed up nearly 7,000 extra appraisals across Australia and New Zealand, actively demonstrating how the leading group knows how to both harness its scale and have some fun along the way - especially in challenging times.
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RBA leaves cash rate at record low
The Reserve Bank has left interest rates unchanged at its first meeting of the year, with the Board voting to keep the official cash rate at a record low of 0.1 per cent.
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Perth now Australia’s fastest growing property market
Perth has become Australia’s fastest-growing major property market after the city’s home value index rose 1.6 per cent last month and 3.8 per cent compared to three months, according to CoreLogic data released yesterday.
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New research says small businesses will increase their focus on sustainability this year
New research from Australia Post shows almost half of small businesses across the country consider sustainability to be very important to their future success, with many looking to invest more heavily in this area in 2021.
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Does swapping New York for LA count as downsizing for Matt Damon?
For the first time in decades, Matt Damon will be making a move without his best friend, Ben Affleck.
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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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Luxury Hayman residences to offer the complete lifestyle – or rental
Mulpha Australia, owner of the iconic InterContinental Hayman Island Resort are taking advantage of the 'holiday at home' trend by releasing a limited number of ultra-luxury villas in the tropical surrounds of Hayman Island on the Great Barrier Reef.
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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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ACT tops the HIA scorecard as the best state to build
The HIA Housing Scorecard report presents an analysis which ranks each of the eight states and territories based on the performance of 13 key residential building indicators, including detached and multi-unit building activity, renovations, housing finance, and rates of overseas and interstate migration.
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The rental gap between houses and units continues to widen: CoreLogic
The COVID-19 pandemic has created diversity across the Australian rental market with international border closures and stalled immigration continuing to impact capital cities, according to CoreLogic RP Data.
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It’s time for some normality: REIA calls for rental eviction moratoriums to be removed
The Real Estate Institute of Australia is calling for all COVID-19 rental eviction moratoriums to be removed with fewer businesses unable to pay their rent than expected.
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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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Infamous former address of Marilyn Monroe sells
On the market since 2017, priced at $180 million then reduced to $115 million, the historic celebrity-magnet Owlwood mansion, the crown jewel of L.A.’s Holmby Hills, has sold for $88 million. Completed in 1936, few Los Angeles mansions have its stature, rolling grounds or have been the center of so much…
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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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Lifting lockdown leads to record Victorian house prices: REIV
The median house price in Victoria has recorded its largest increase since 2000, according to data from Real Estate Institute of Victoria's quarterly December report. For the first time, Metropolitan houses in Melbourne surpassed a median value of $900,000, jumping by 9.5 per cent from the September quarter to land…
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Hobart and regional Victorian homes lead the nation in profit-making sales
Hobart had the highest rate of profit-making re-sales of all capital cities over the September quarter, according to the most recent data from CoreLogic.
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Virtual inspections see Brisbane market momentum continue
Brisbane’s lockdown did not stop house-hunters keen to inspect property last weekend with many switching to a virtual platform.
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