INDUSTRY NEWS
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CoreLogic completes Plezzel acquisition
CoreLogic International has completed its acquisition of Victorian-based proptech firm Plezzel, a digital automation and lead generation platform.
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Queensland introduces Property Law Bill to parliament
The Real Estate Institute of Queensland (REIQ) has slammed the Queensland government's decision to introduce a bill implementing a formal seller disclosure regime before resolving what it claims are outstanding questions.
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Australia’s empty offices could be the key to solving the housing crisis
Turning empty office buildings in Australia’s CBDs into housing via a process known as asset repurposing could help solve the country’s housing affordability issues, according to a new report from PRD.
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Regional Western Australia’s top price growth locations revealed
Western Australia's Bunbury was the top performing regional centre in the state over the December 2022 quarter, according to new data from the Real Estate Institute of Western Australia.
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2023 ARERA winners announced
The winners of the annual Australasian Real Estate Results Awards (ARERAs), an initiative of the Real Estate Result Network, have been announced.
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Westpac predicts rents will keep rising for longer
Westpac is predicting that rents will jump by 11.5 per cent this year, enough to tempt investors and developers back into the market.
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Successful agent achieves dream as new owner of Ray White Marshlands
After just six years working in real estate, Amanda Blair has taken over ownership of Ray White Marshlands.Â
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The real reason real estate sales figures went backwards this January
A new report from Xero showing lackluster sales figures in the real estate sector is likely a hangover from early 2022's abnormal selling season rather than an indication of a looming crisis, industry experts say.
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Australia’s leading on-shore contact center, saving you time in your prospecting
Meson Agency’s Founder John Angelopoulos can sum up his organisation in a nutshell.
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MRI Software completes PropTech Group acquisition
MRI Software has completed its $93.4 million stock acquisition of PropTech Group.
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Prices are falling, so why is it still so expensive to buy in New Zealand?
Property values have been falling in New Zealand, but rising interest rates mean Kiwis are handing over more of their income to make mortgage repayments, CoreLogic reports.
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School zones still attracting price premiums
Being in a school catchment zone could add ten per cent to a property's sale price, according to new research from Domain.
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Population patterns, not tax breaks, responsible for housing crisis
Australia's unique population patterns and a shortage of available residential land near jobs and services has had a far greater impact on house prices than interest rates or government subsidies, new analysis shows.
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100 days in: Craig Pontey shares highlights from time at McGrath Double Bay
We've been closely watching leaders' first 100 days since the times of President Roosevelt, and the two co-principals of McGrath Double Bay are no exception.
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HTW property predictions: Second half of 2023 to bring stability
Rapid interest rate increases have eroded the optimism surrounding residential property, but a slowdown in rate rises in the second half of the year is expected to bring increased stability to the market, Herron Todd White says.Â
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High-achieving couple take over Ray White NorthWest
Hardworking and focussed, Ronald Hachache and his wife Natalie have taken over ownership of the business from longstanding Ray White member Glenn Wells.
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McGrath’s half-year results: expansion, profit and market outlook
McGrath has revealed its plans to add 125 new, high quality offices to its national network as part of its growth strategy over the next four years.
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Auction clearance rate on the rise
Auction activity lifted again this week with preliminary figures from Domain recording a 67.6 per cent clearance rate from 1068 reported auctions.
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Homely reports solid revenue growth, record site and app visits
Homely has announced its full-year results for 2022 noting strong financial performance.
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Laing+Simmons opens Rouse Hill | Box Hill officeÂ
Principal Raj Mangat will lead the office and is looking to grow the agency in 2023.
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Josh Tesolin named RateMyAgent’s top performer
The Ray White Quakers Hill principal put his success down to his strong work ethic. The Announcement: Top Ray White principal Josh Tesolin has taken out the number one spot at RateMyAgent’s annual awards for the fourth time, while Ray White Quakers Hills was also named number one in New South Wales. Last year, Mr Tesolin was awarded the Top…
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Real estate agencies confident about business outlook this year
More than 80 per cent of Australian real estate agencies are confident in the business landscape going forward in 2023, according to new research.
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How a fake Rolex set Ryan Serhant on the path to success
Real estate mogul Ryan Serhant has revealed how a fake Rolex watch changed his life by giving him the confidence he needed to succeed in the competitive property industry.Â
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REINSW launches Rent Crisis Action campaign
The Real Estate Institute of NSW (REINSW) has launched a campaign to address the housing crisis affecting tenants and property owners in Australia.Â
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How city real estate prices affect country areas
A new study has revealed the link between house prices in the coastal regions of NSW and Greater Sydney, shedding light on the factors that drive house price movements in those areas.Â
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Ten Sixty launches in New York with 75 top luxury agents attending
Ten Sixty, the new global short-form video app for real estate, has officially launched in New York alongside the McPeak team at SERHANT, Holly Parker from Douglas Elliman and Deanna Kory from Corcoran.
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Listings slide drags on Domain Group profits
The biggest decline in listings in Domain Group's history has resulted in a decline in profits, though revenue still rose in the first six months of the financial year.
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Cameron Nicholls on why your brand needs to grow with you
It wasn't until he was in the middle of acquiring another agency, and looking at his own brand from the "outside in", that Cameron Nicholls realised it was time for a change.
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New AI company virtually furnishes listings in a matter of minutes
A new US startup aims to take the time and cost out of staging a listing for advertising, instead furnishing empty properties virtually using artificial intelligence.
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RateMyAgent partners with US listing giant
RateMyAgent, Australia’s leading real estate agent review website, has entered into a strategic partnership with Realtor.com, the second-largest real estate listings website in the United States.
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Listings bounce back from summer slumber
New listing numbers have recovered from their traditional summer dip, though they remain lower than 2022 levels, according to a new report from PropTrack.
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Cash rate not the reason for rental affordability crisis, Philip Lowe says
RBA Governor Philip Lowe has told a Senate estimates hearing that the central bank's rapid cash rate increases are not responsible for the current rental crisis, instead placing the blame on a lack of housing supply relative to demand.
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New platform allows users to invest in, trade the price movements of real estate
The Parcl Protocol, a new real estate investment platform launched this week, will allow users to trade real estate market movements much like they would companies or commodities, allowing investor to gain exposure to real estate without buying a physical asset.
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$100,000 St Kilda garage attracts first-home buyers
A St Kilda garage listed for $100,000, that has the potential to be converted into a small apartment has been attracting a lot of attention from potential first-home buyers keen to get into the exclusive Melbourne suburb.
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Franchisors could be held liable for franchisees breaching workplace laws
In a move that could also have ramifications for the real estate industry, the Fair Work Ombudsman has, for the first time, launched legal action against a franchisor seeking to hold it accountable for some franchisees underpaying its workers.
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