INDUSTRY NEWS
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Ayre Real Estate expand into Pyrmont
Founder of Ayre Real Estate, Adrian Wilson says this next step for Ayre Real Estate is in line with its growth plans and he is excited to work with agents of high calibre and esteem. The Announcement: Sydney prestige apartment specialists Ayre Real Estate have this week expanded their harbour foreshore presence by announcing their new office in Pyrmont. The…
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NSW state government bans rental bidding
The controversial practice of rental auctions is set to be banned in NSW from this Saturday.
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McGrath consolidates its presence on Queensland/NSW border
The three businesses can now work together cohesively to cover the central and southern Gold Coast markets right through to Pottsville on the Tweed Coast and inland to Murwillumbah. The Announcement: McGrath Estate Agents today announced that its franchise operation across Queensland’s Palm Beach region and New South Wales’s Tweed Coast has had a restructure that enhances their local business operation. McGrath Palm Beach managing…
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Expensive property markets leading the downturn but end could be in sight
The country’s most expensive property markets have been bearing the brunt of higher interest rates, however, 2023 could mark a slowing in the rate of declines according to a new report. CoreLogic’s annual Best of the Best Report for 2022, found that Sydney has been hit hardest by rising borrowing costs along with other higher-priced housing markets. CoreLogic Head of…
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A perfect storm: Australia’s rental crisis – part three
In part three of A perfect storm: Australia’s rental crisis we examine two more potential solutions to the issue, including how lowering the lending buffer may encourage investors to re-enter the market and how accepting offers of higher rent could fuel the rental affordability side of the crisis. You can catch up on the other parts of the story here.
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Why aren’t house prices falling more quickly?
We have come off the sharpest rise in house prices ever recorded to now being greeted with the sharpest increase in interest rates since the 1980s. Despite this, house prices are not falling by as much or as quickly as you would expect. At this point, it is looking like we may not even get to a 10 per cent…
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It’s Celebration Time as Two Gold Coast Real Estate Families Unite
The possibility of a merger between Jean Brown Properties and The Catanzariti Family Group provided an unprecedented opportunity to combine their talents under a single real estate brand. The Announcement: With the pop of the champagne, and the raising of glasses, it was the beginning of a new relationship for two of the Gold Coast’s top-performing real estate businesses. The celebration…
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A perfect storm: Australia’s rental crisis – part two
In part two of A perfect storm: Australia’s rental crisis we examine two potential solutions to the issue, including how a change in mindset could help bring landlords and tenants on the same page and how axing stamp duty could ease the pressure. You can catch up on the other parts of the story here. Solution: Changing the ‘us versus…
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Rising costs forcing renters back into share accommodation
Rising living costs are forcing more people back into share accommodation, as renters continue to get squeezed.
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Raine & Horne Rural Gloucester opens renovated ultramodern office
The refit of the iconic Gloucester building is the first time Andrew Tregent who is part of the management team at four Raine & Horne’s offices on the NSW Central Coast, has been able to develop a purpose-built real estate office from the ground up. The Announcement: Specialist local rural real estate brand Raine & Horne Rural Gloucester has made…
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A perfect storm: Australia’s rental crisis – part one
Australia is in the grip of a housing crisis. More specifically, a rental crisis. Vacancy rates are at record lows, weekly rents are skyrocketing and there’s simply not enough houses to go around.
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More growth on the cards for The Agency on the Apple Isle
Tasmania is shaping up to be a major player in The Agency’s push to increase its national presence, with the brand flagging more growth is on the cards in the new year.
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REINSW calls on NSW Government to stop the rental crisis blame game
The Real Estate Institute of NSW has hit out at the State Government’s implication that property managers and landlords are to blame for the state’s rental crisis, following news this week that the practice of ‘rent bidding’ was being investigated.
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Queenslanders cop the biggest rent rise in nearly 20 years
Rents have risen sharply across the country over the past 12 months, with Queenslanders being hit with the biggest increase in nearly 20 years.
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Tough conditions for mortgaged New Zealand investors
Homeowners across New Zealand who own multiple mortgaged properties face tough buying conditions as regulations and higher interest rates make it harder to purchase homes.
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Strong growth for northern Gold Coast operator
Peter Catanzariti attributes the growth to the hard work of his talented team who are committed to providing their clients with the best results.
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Cunninghams expands on the Northern Beaches
Cunninghams Northern Beaches has continued its expansion after merging with the former LJ Hooker Collaroy team.
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Property market was a rollercoaster in 2022
From a once-in-a-generation property boom to a clear downturn, Australia’s property market has been a rollercoaster in 2022.
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Carey Smith recognised for contributions to real estate industry
Ray White New Zealand has grown from 56 offices to 195 offices with its market share sitting at 23.86 per cent of all residential property sold across the country. The Announcement: Ray White New Zealand Executive Chairman Carey Smith has been recognised as a life member by the Real Estate Institute of New Zealand for his contribution to REINZ and…
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Refinancing burst takes off as rates rise
More Australians are refinancing their home loans at greater rates and for larger amounts on the back of rising interest rates, new data shows.
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Big Four banks quick to pass on interest rate rise
Well, that didn’t take long. Just a few hours after the Reserve Bank lifted the cash rate 25 basis points to 3.10 per cent at its final meeting for 2022, all four big banks announced they would pass the hike on in full.
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Cash rate hits highest point in a decade
The cash rate is now at its highest level since 2012, with the Reserve Bank of Australia (RBA) using its last monetary policy meeting of 2022 to lift the cash rate 25 basis points.
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REIV calls on re-elected State Government to act on stamp duty reform
Disappointed that the real estate sector still doesn’t have a dedicated ministerial portfolio, the Real Estate Institute of Victoria is calling on the re-elected State Government to focus on “good property sector policy”.
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Adelaide and Brisbane to be the strongest performers in 2023
The smaller capital city markets of Adelaide and Brisbane are set to be the top-performing property markets of 2023 according to a new report.
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Jarrod O’Neil joins The Agency in WA
One of Western Australia's top real estate agents and recently crowned REIWA Grand Master for 2021/2022, Jarrod O'Neil, has joined The Agency.
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Auction clearance rates hit a seventh-month high
Auction clearance rates have bounced back to a seventh-month high as vendors are now more prepared to meet the market according to a new report.
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First-home buyers choosing pets over family
First-home buyers would rather have more space for a pet than be close to their family according to new research.
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New home lending falls to lowest level in three years
New home lending has fallen to the lowest level in three years as industry experts believe it's time for the RBA to stop hiking interest rates.
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Ray White SA’s top salesperson opens new business
Matthew Lindblom, Chief Executive Officer of Ray White South Australia, congratulated Stefan Siciliano on the launch of his new business. The Announcement: Top Ray White South Australian agent Stefan Siciliano has opened Ray White Prospect to service Adelaide’s inner suburbs. Mr Siciliano has been named the network’s top salesperson for three years running after beginning in the industry seven years…
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High performers turn to tech for the edge
Technology continues to play an increasing role in the real estate industry, with more and more high performers relying on online platforms, such as Market Buy, to drive their success forward.
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Auction volumes drop across Sydney in November but sentiment starting to change
Sydney auction volumes have halved compared to this time last year as uncertain vendors have moved across to private treaty sales according to an expert.
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Busiest auction week since June
The combined capital cities have had the busiest auction week since mid-June, with 2506 homes going under the hammer.
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Cash rate expected to rise again on Tuesday
The odds of another cash rate rise at this month’s Reserve Bank of Australia (RBA) meeting remain high, with 88 per cent of experts tipping another hike is on the cards.
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Vacancy rates hold steady in November
Vacancy rates across the country remain at record low levels, holding steady at 0.8 per cent according to Domain.
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‘Job crafting’ the new Harcourts NSW BOM role
The appointment has paved the path for a new opening within the Harcourts corporate team as they begin to actively search for a specialised admin support role to underpin the entire team’s day-to-day activities. The Announcement: The innovations continue at Harcourts with the creation of a new position. Harcourts New South Wales is delighted to announce that Corie Forsack has…
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