INDUSTRY NEWS
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NAB changes cash rate prediction following RBA meeting
NAB economists now predict the cash rate will peak at 4.1 per cent following RBA Governor Philip Lowe's strong language about taming inflation last week.
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Dynamic duo brings Ray White Rural to Gatton and Laidley
Marcel Jung and Sarah Adams bring Australia's biggest property group to Queensland's Lockyer Valley.
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The Adelaide hotspots to watch in 2023
Despite a slight downturn in prices, the Adelaide market remains one of the country's strongest performers, according to property expert and Hotspotting Director Terry Ryder.
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Ouwens Casserly Real Estate announces partnership with Timms Real Estate
The Timms Real Estate team is joining the Ouwens Casserly family.
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Unique collaboration the key to huge Harcourts Auction Festival success
The Harcourts Auction Festival saw 102 properties go under the hammer, with more than 1000 people in attendance.
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Award winning principal opens second C21 office
The acquisition of the Day & Grimes agency in Nambour marks Gary De Paoli's second C21 office.
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Regional price growth continuing, Domain says
New data from Domain shows that the tree and sea change trend is continuing, with property prices increasing in 92 per cent of regional local government areas during the most recent quarter.
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Rose Bay mansion sale could match record price
A Rose Bay waterfront mansion is expected to hit the market with expectations of $100 million or more, with one report putting the asking price at an Australian record-equaling $130 million.
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Australia’s banks under intense scrutiny over interest rates
Australia’s banking sector is under the microscope with the big four bank bosses and the Reserve Bank governor to be hauled before several Federal Government committees to be quizzed about rising interest rates.
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Nerida Conisbee: China is roaring back
China abandoning its zero COVID-19 policy has resulted in the economy rebounding far faster than expected.
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PropertyMe adds tenant payment service to its property management platform
Property management platform PropertyMe has launched a new rental payment service MePay that allows agents to see rental payments hit the trust account in real time while keeping tenant's bank details private.
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Adam Neumann provides more detail on his Flow startup
WeWork founder Adam Neumann has revealed more detail about his new startup Flow, canvassing the potential for future tenants to gain some sort of equity stake as part of their tenancy experience.
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Brisbane tenant suing former landlord for $1.2 million
A Brisbane man who claims he sustained serious life-changing injuries when he slipped on a flooded floor is suing his former landlord seeking $1.2 million in what's set to be a test of the landlord-tenant duty of care relationship.
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Tough market hits listings as REA announces half-year results
REA Group has announced its results for the six months to December 31, with the group reporting a dip in net profit as listings in Sydney and Melbourne fell as a result of tough property market conditions.
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REACH Australia launches Proptech listing portal
Venture capital firm and PropTech accelerator, REACH Australia is getting ready to launch a listing portal featuring all the available PropTech tools and platforms across Australia and New Zealand.
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Block sizes smaller but more expensive
Australian buyers are paying more for less, with a new report from Domain showing the average block size in large capital cities shrank by 13 per cent over the past 10 years, with the price paid per square metre increasing at the same time.
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Real estate and real-life masterclasses at Barry Plant Kickstart
It was back to the iconic Melbourne Cricket Ground for Melbourne’s iconic real estate brand, Barry Plant, for the group’s annual Kickstart event this year.
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High-performance team opens Ray White Townsville
Townsville business owners Santo and Giovanni Spinella, along with their high-performance team, have joined Ray White as they align with the leading group’s cutting edge technology and growth focused strategy.
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We may not see a property investor comeback in New Zealand for a while yet
Property investors aren't expected to make a return to the New Zealand market any time soon.
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Roxanne Paterson expands into Sandgate
Roxanne Paterson announces the opening of her second business in Queensland.
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New South Wales the “poster child for failing housing markets”
A new report has found that the country's housing markets are in crisis, with New South Wales deemed the “poster child for failing housing markets”.
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Openn expands partnership with CoreLogic
Online property sales platform Openn has entered a commercial arrangement with CoreLogic that will see its software further integrated into CoreLogic's onthehouse.com.au website.
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MRI Software a step closer to PropTech Group acquisition
MRI PropTech group is edging closer to closing its deal for ASX-listed PropTech Group, with PropTech shareholders voting to approve the scheme of arrangement that will see MRI subsidiary Rockend Technology take over the Australian company.
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Borrowers look to refinance as rates rise
Refinancing could hit record highs this year following yesterday’s cash rate rise and with another widely predicted in March.
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Anne Duncan Real Estate partners with Ray White
Anne Duncan, who was commenced as a foundation member at Ray White in 1993, returns to the brand.
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RBA lifts cash rate to 3.35pc at February board meeting
The Reserve Bank of Australia has lifted the official cash rate by 25 basis points following its first meeting of 2023, taking rates to their highest level since 2012 and flagging that further rises are likely in the months ahead.
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The landscaping trends set to be a hit in 2023
Earthy colours along with timber and stone-based structures are set to be the major trends in landscaping this year, predicts Landart founder Matt Leacy.
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O*NO Legal welcomes new senior lawyer
Former real estate agent and senior lawyer, Jonathan Green, has joined O*NO Legal - The Real Estate Agents Lawyer, bringing his passion for both the real estate and legal industries, to a team of like-minded professionals.
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House price declines starting to slow
Capital city house prices are now down 6.1 per cent from their peak in March 2022.
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ANZ buys stake in Catalano’s View Media Group
ANZ has spent about $50 million to acquire a stake in View Media Group, majority owner of listings portal realestateview.com.au, in a move intended to see the major bank grow its mortgage book.
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Prices forecast to decline as much as 10pc in 2023: PropTrack
A new report from PropTrack shows that property prices are on track to decline by between seven and 10 per cent in 2023, with faster-than-anticipated interest rate rises to blame.
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Most economists are tipping a rate rise in February, but how much further will the RBA go?
Most economists are tipping a 25 basis point increase to the official cash rate after the Reserve Bank of Australia meets for the first time in 2023.
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Kay & Burton appoints CEO ahead of transformative 12 months
Former Buxton CEO Nathan Jones is taking the reins at Kay&Burton.
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Latest lending figures could be bad news for the rental market
A property expert says a decline in new investor lending could be a sign that the rental crisis is set to get worse following the release of the latest ABS lending data.
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Stone Real Estate launches Glenorie office
Boutique real estate network Stone has launched Stone Glenorie, led by husband and wife team Amanda and Rhys Coles.
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