INDUSTRY NEWS
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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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McGrath South Yarra expands with Hayden Melbourne to spearhead growth
The expansion, according to Charlie Clemons and Shaun Broadbent, the principals of McGrath South Yarra, was a significant accomplishment for the company and would give the team an opportunity to grow following the hardships of the pandemic. The Announcement: McGrath South Yarra has announced plans to expand through Melbourne’s Inner East as it joins forces with Hayden Melbourne, an agency with a…
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Record low rental affordability puts low-income earners under severe rental stress
Surging rents and low vacancy rates are putting an increasing number of households under rental stress, with low-income earners the hardest hit according to a new report.
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Queensland housing crisis action plan revealed
A multimillion dollar cash injection to help struggling tenants stay in their homes, along with an audit of government-owned land will be among the Queensland Government’s response to the recent Housing Summit.
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Stone Real Estate opens Central Sydney office in Waterloo
The Stone Real Estate network has continued its rapid growth in NSW. The Announcement: Boutique real estate firm Stone Real Estate has continued its rapid growth in New South Wales, with the addition of an office in Central Sydney. The newly launched Stone Waterloo will service Waterloo and surrounds, under the direction of Principal Sabrina Wang, and supported by a…
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The band is getting back together at RE/MAX
RE/MAX Australia Managing Director Joel Daveron credits the return of Kai Evans to the growth in the RE/MAX Bayside business. The Announcement: In another big move on the Brisbane Bayside – well know Redlands Agent Kai Evans has returned to RE/MAX. Kai is no stranger to the red, white and blue commenting that his most enjoyable years were while he…
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Property values fall for seventh consecutive month
Property values have dropped more than $50,000 since their peak in April according to the latest CoreLogic Home Value Index.
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Home prices fell in November as rates pressure buyers
Interest rate pressure is contributing to the “downward trend” in home prices, with new data showing values declined again last month.
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The Agency expansion gathers momentum with Rockhampton launch
National real estate group The Agency has continued its expansion in Queensland, launching an office in Rockhampton.
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Otago named Australia’s most family-friendly suburb
It’s getting easier for homebuyers to get into family-friendly suburbs as more stock comes onto the market according to new research.
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Prime residential price growth to slow in 2023
Prime residential property prices in Sydney and Melbourne are expected to remain flat next year, after performing well in 2022, according to a new report.
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Rising star Marcus Hejtmanek joins Adrian William
With six years of experience working in high-performing teams, Marcus Hejtmanek has forged a reputation of excellence across the Lilyfield-Rozelle-Leichhardt region.
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Ray White powerhouse expands to Croydon
Chief Executive Officer of Ray White Victoria and Tasmania, Stephen Dullens congratulated James Wilson and Patrick McConnachie on their expansion to Croydon. The Announcement: The powerhouse team behind the Ray White Ferntree Gully office has expanded to Croydon with local real estate expert James Wilson at the helm. Mr Wilson is a true Croydon local and intimately understands the benefits of the…
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Unit growth falls into negative territory
Annual growth for units across the country has slipped into negative territory, with values down 1.4 per cent compared to this time last year, according to CoreLogic.
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Nerida Conisbee: Where you should have bought a decade ago
Over the past decade, the median in Sydney has increased the most. There are a lot of factors that have driven this.
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Colliers Izabella Minas secured two deals within her first month of joining the CBD office leasing team
She’s one of two female property young guns to have taken the office market by storm in 2022. The Announcement: Izabella Minas has recently joined Colliers in Melbourne as Executive of Office Leasing. She will focus on the middle markets within the CBD office leasing team, located in Colliers Melbourne CBD office. Despite her young age, Izabella has gained valuable…
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Tenancy law reforms haven’t stopped investors
Tenancy law reforms in NSW and Victoria have only had a small impact on landlords’ decisions to purchase or sell rental properties according to new research.
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Agent of the year on the property marketing tool you need in 2023
Brisbane Inner West Realty Director Kathleen Luck is doubling down on technology to take her property marketing to the next level in 2023, and says other agents need to do the same to set themselves apart.
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Renters now need to work six hours more to pay rent than before the pandemic
Rising rents are forcing US tenants to work more than six extra hours per week, just to afford the same property compared to prior to the pandemic.
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Properties selling faster than prior to the pandemic
Despite overall demand slowing down since the peak of the boom, properties across the country are still selling faster than they were before the pandemic, according to new data.
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Lisa Pennell joins Barry Plant as chief operating officer
Lisa Pennell will approach her new role as the Barry Plant Group’s chief operating officer with curiosity and a deep desire to understand the group as a brand as well as individuals.
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LJ Hooker’s award-winning team opens new office in Perth
The LJ Hooker network has expanded its presence in Perth’s high-growth north coast region ahead of the completion of the upcoming $713m Yanchep Railway extension.
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Vendors slash asking prices as selling conditions get tougher
Some vendors across Sydney are cutting their asking prices by as much as $800,000 as the market continues to shift.
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New real estate reality show rumoured to be in the works
With Luxe Listings Sydney becoming one of the big TV hits of the past few years, a new real estate-based reality show is rumoured to be in the works.
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Auction volumes continue to rise in lead-up to Christmas
Auction volumes have risen further this week, and the trend is tipped to continue in the lead-up until Christmas.
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More land is required to build one million new homes
The government will need to release more land if they’re to meet their goal of building one million new homes in five years according to experts.
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Property values have soared in the past 20 years while rents lag
House prices across Australia have more than doubled in the past 20 years, however, rents have not been able to keep pace with soaring values.
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High turn of property sales wins Adelaide agent an international award
Despite having won the awards four times prior, Rosemary Auricchio claimed that this year was even more special because it came after a difficult period brought on by the pandemic and shifting market conditions. The Announcement: Adelaide property specialist Rosemary Auricchio is officially one of the busiest agents in the real estate industry with her high turnover of sales recognised…
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Harcourts joins forces with Rello for real estate financing solutions
The partnership means Harcourts Real Estate offices can offer a variety of flexible payment alternatives, including online payments, postponing marketing charges, and allowing renters and landlords to pay property management-related expenses in instalments. The Announcement: Harcourts Real Estate has entered into a dynamic new relationship with Rello, to provide agents, homeowners, tenants and landlords with multiple ways to pay or…
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Fixed-rate mortgages could hit 7 per cent in New Zealand
One-year fixed-rate mortgages could surge as high as 7 per cent in the coming months putting even more pressure on New Zealand property prices according to an expert.
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New Dromana office for Barry Plant Group
A new Dromana office is set to strengthen Barry Plant's service offering on the Mornington Peninsula.
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Does selling off-market come at a cost?
Choosing to sell your property off-market could be costing you as much as $60,000 according to a new report.
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Busselton and Bunbury lead regional growth in WA
The south west of Western Australia has continued its strong recent performance, with Busselton and Bunbury the top performers for price growth in the September quarter.
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South Australian Government to review rental laws
The South Australia State Government has announced an extensive review of the Residential Tenancies Act.
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Hunt sisters attain top national ranking
Hunt Property Sisters at RE/MAX Revolution took the top poll position in the ranks of RE/MAX Australia sales teams for the first time this year.
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