INDUSTRY NEWS
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Marketing Masterclass: What agents can learn from selling The Block’s House #3
The cultural phenomenon that is The Block took things up a notch this year, heading to the countryside for the show’s first ever tree-change season.
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REA Group makes the Best Workplaces for Women list
Great Place to Work has today named REA Group on Australia’s Best Workplaces for Women list for 2022.
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Interest rates and lending buffer see investors stuck on the sidelines
The rapid increase in interest rates is continuing to weigh on property prices and is making it more difficult for buyers to enter the market, according to a new report.
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RBA remains set on taming that troublesome inflation
Reserve Bank of Australia, Governor, Phillip Lowe is set to continue increasing the official cash rate in an attempt to tackle “evil” inflation that is slowly becoming ingrained in the economy.
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Australian suburbs where days on market have increased the most
Units in Ballarat Central in Victoria have seen their selling time increase the most in the country, according to new data.
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Rising rates cool New Zealand property prices
Rising interest rates are continuing to put pressure on home prices in New Zealand, with the latest data from CoreLogic showing values fell another 1.3 per cent in October.
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RiTA picks up Industry Innovation Award for third consecutive year
RiTA, the AI-powered lead generation assistant for real estate professionals, has been recognised with the Industry Innovation Award at the Real Estate Institute of Queensland awards.
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South Coast local takes over Ray White Ulladulla
South Coast real estate expert, Steven Mason, has added Ray White Ulladulla to his suite of businesses, joining Ray White Batemans Bay, Ray White Broulee and Ray White Moruya.
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Home price falls stabilise in October
National home prices recorded a small decline in October as values continue to stabilise.
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Reserve bank lifts interest rates 0.25 per cent
With inflation at its highest level in more than three decades, the Reserve Bank of Australia has announced its seventh consecutive rate rise of the year, bringing the current official cash rate to 2.85 per cent.
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Major banks tip cash rate will peak at 3.85%
Today's 0.25 per cent increase to the cash rate is less than two of the big banks predicted, with both the NAB and Westpac tipping it would rise 0.5 per cent on Melbourne Cup day.
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Century 21 expands in Auckland
Bhethnee Kaur, a multi-award-winning real estate agent with a 25-year career spanning many industries, will serve as the team’s leader. The Announcement: Century 21 is looking forward to making its mark in Auckland’s central suburbs and beyond with the opening of its new office Century 21 Excellence in Epsom, NZ. As well as Epsom, Century 21 Excellence will service Greenlane,…
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Domestic and family violence course to launch in 2023
Real estate agents and property managers will soon be able to complete an online course to help them recognise the signs of domestic and family violence (DFV) and also understand how they can assist victims.
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Land sales spike in South East Queensland
Demand for land in South East Queensland remains elevated with sales up to 10 times higher than pre-pandemic levels in some areas while just seven suburbs have a median price under $300,000.
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Best in Queensland real estate recognised for raising the bar
Real Estate Institute of Queensland Chief Executive Officer Antonia Mercorella commended and praised the awardees for their exceptional contributions to Queensland's real estate industry and for being exemplary real estate agents in their respective fields.
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Why 2021 was the exception, not the rule, in the property market
After a record-setting year for real estate last year, transaction volumes and prices have dropped, however, 2021 should be looked at as an outlier and not a benchmark according to an expert
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Queensland’s longest standing LJ Hooker agency enters new era
Greg Booker founded LJ Hooker Kallangur | Murrumba Downs with his wife Maureen in the Moreton Bay area 47 years ago and the pair have now handed the reins to Jason Chandler and his wife Melinda. The Announcement: A principal who got his start in real estate in one of LJ Hooker’s longest running agencies has returned to the agency…
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Experts predict another cash rate rise from the RBA
There’s likely more pain ahead for borrowers with 97 per cent of experts expecting the RBA to hike the cash rate at the November meeting.
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Online broker powers sales high for Ellen Property
Ellen Revello has posted her best year in real estate sales after launching her own business, Ellen Property, with the support of international online real estate brokerage eXp Realty.
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Australia’s largest sales CRM partners with digital inspection platform
Proptech Group Australia and Little Hinges have inked a world-first deal that will see the two industry leaders join forces to help sales agents and property managers level up their marketing.
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Melbourne Cup weekend sees auction volumes and clearance rate dip
Auction volumes dipped this week, with the preliminary clearance also falling to its lowest level since late August.
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Woodards duo take out auctioneering titles
Woodards duo Luke Banitsiotis and Ashley Maikousis have taken out the REIV Senior Auctioneer and Novice Auctioneer Awards (respectively).
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House buyback scheme announced for Northern Rivers flood victims
Two thousand homeowners affected by this year's severe flooding across Northern NSW will be able to access a land buyback scheme and additional support to raise or flood-proof their homes under a new government scheme.
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Belle Property to concentrate on premium luxury homes in NSW Far North Coast
Peter Hanscomb, CEO of Belle Property, said this was the ideal time to grow operations in a dynamic region. The Announcement: The premium luxury market will be the focus of Belle Property’s operations in the NSW Far North Coast as the sought-after area continues to see strong interest due to its perfect blend of rural inland villages and coastal communities.…
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House prices are falling at the fastest quarterly rate on record
Rising interest rates, surging inflation and high levels of household debt have seen home prices across the country fall at their fastest-ever quarterly rate.
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Unit prices falling slower than houses
Unit values across the country are likely to be more resilient during the current market downturn according to an expert.
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Central Place Sydney receives DA approval from City of Sydney
Sydney’s new tech precinct, continues to take shape, with Central Place Sydney receiving Development Application approval from the City of Sydney.
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REIQ unveils fresh look for 104-year-old institute
The Real Estate Institute of Queensland (REIQ) is launching a bold brand identity today that reflects the exciting evolution of the state’s peak body for real estate professionals and sets it up for the next hundred years.
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REIV calls for major property sector reforms in lead-up to Victorian election
The REIV is seeking meaningful engagement with all sides of Victorian politics to secure the continued support of its $76 billion real estate sector.
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It’s still possible to buy a house under $1 million within 5km of the city
Despite the record increase in house prices across the country in recent years, it’s still possible to find homes under $1 million within 5km of the city.
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Rain and trains hampering office occupancy recovery
Continued heavy rain across the East Coast as well as public transport disruptions have slowed the return to the office for many CBD workers.
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Rental supply at the lowest level in two decades
Rental stock across Australia has reached the lowest level since 2003 led by the reopening of international borders, putting more pressure on renters than ever before.
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Familiar face expands into rural Shoalhaven
While he continues to manage operations and develop the rural division, leader Shane Hilaire expressed his excitement to watch his powerhouse Ray White Berry team thrive and establish their own success. The Announcement: Celebrating 30 years in business this year, locally known and respected real estate leader Shane Hilaire is expanding his success of Ray White Berry and Ray White…
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Property industry says Budget addresses housing supply but not affordability
The property and housing industries have largely welcomed Tuesday's Federal Budget as a good start to solving Australia’s housing supply crisis, but many said more could be done to address affordability.
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Three Australian suburbs named among the world’s coolest
The world's coolest suburbs have now been named by online magazine Time Out.
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