INDUSTRY NEWS
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Fractional ownership of holiday homes comes to Australia
If you've ever wanted to own an overseas luxury home but wondered how you could afford it, a new company is helping Australians make that dream become a reality.
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Everything in the Federal Budget for real estate
Treasurer Jim Chalmers has delivered Labor’s first Budget in almost a decade, labelling it “a responsible budget that is right for the times and readies us for the future”.
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Is your agency’s cyber security up to par?
With seven major Australian companies falling victim to data breaches in recent weeks, Real Estate Institute of Australia President Hayden Groves has urged agencies to take a good, hard look at their cyber security.
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My Morris better serves the community through new brand creation
Through an extensive process, the team at My Morris underwent a transformation to launch their business under their own banner, thanks to some help from Identity Marketing.
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Sydney property prices have fallen 10 per cent since February
Property prices in Sydney continue to feel the effects of the downturn, with new data showing values have now declined 10.1 per cent from their peak, according to CoreLogic.
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Victorian Government provides $1.1 billion boost to shared equity scheme
The Victorian Government has announced a $1.1 billion expansion to its shared equity home buying scheme.
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Real estate’s wishlist for the Federal Budget
With the Treasurer readying to unveil a Federal Budget that’s expected to be heavily focused on the cost of living, the Real Estate Institute of Australia has outlined a wishlist of items it hopes to see included.
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Elders Lifestyle Group expands into Yamba
Elders Lifestyle Group, led by CEO Dave Gray, have this week announced the acquisition of two agencies in Yamba to expand their footprint on the Northern NSW Coast.
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LJ Hooker focuses on national expansion with new appointments
LJ Hooker has announced senior appointments for Andrew Woodley-Page, Kim Greenan and Stephen Mutton. The Announcement: LJ Hooker is fortifying its leadership team with several new senior appointments as the real estate network looks to expand in the countdown to its centenary celebrations. Andrew Woodley-Page has joined the business as the new state manager for LJ Hooker in Western Australia,…
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Buyers need to weigh up the risk of falling property prices
Home buyers need to weigh up the risk of falling property prices as the Reserve Bank of Australia continues to raise interest rates according to an expert.
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Australian property companies the most sustainable in the world
Australian property companies have taken out top position for the 12th consecutive year, in the GRESB Real Estate Assessment ranking for sustainability.
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REIV recognises excellence in Victoria’s real estate industry
REIV CEO Quentin Kilian said all award winners demonstrate the rewards of a real estate career to emerging talent. The Announcement: OBrien Real Estate Carrum Downs & Chelsea has been crowned winner of the Real Estate Institute of Victoria’s (REIV) Large Residential Agency of the Year award at its 2022 Awards for Excellence. At a ceremony held this week, OBrien Real…
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Auction volumes rise above the 2000 mark
Auction volumes have risen above the 2000 mark for just the third time since June but still remain well below the number of properties going under the hammer this time last year.
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Could property prices return to pre-Covid levels?
National property prices would need to fall 16.7 per cent for values to be back at pre-Covid levels according to CoreLogic.
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Investors eyeing off South East Queensland
South east Queensland is back on the radar for property investors after the State Government shelved land tax changes an expert has said.
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The Block’s Sharon and Ankur release exclusive virtual walkthrough of their stunning home
Stickybeaks and serious buyers alike can fully immerse themselves in House #3 from The Block with an exclusive virtual walkthrough just released by Sharon and Ankur on Domain.
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Metro property management setting the standard for Victorian landlords
Melbourne-based property managers Metro PM have tapped into technology designed to see properties tenanted faster and grow their rent roll.
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Gold Coast group takes LJ Hooker up the mountain
LJ Hooker Solutions Gold Coast has expanded its footprint in the city’s north, taking the brand to the hinterland lifestyle market of Tamborine Mountain.
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Renovate now, pay later adds thousands to properties sale price
A renovate now, pay later home preparation company is helping real estate agents and their vendors achieve hundreds of thousands of dollars above their initial appraisal price.
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Rising interest rates weigh on median home prices: HTW
The Reserve Bank of Australia’s sharp tightening cycle has started to see median home prices fall across the country, according to the latest Herron Todd White (HTW) Month in Review.
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Sunshine Coast Hinterland continues to see strong demand
After seeing a record level of demand over the COVID-era, the Sunshine Coast hinterland property market is still recording strong sales numbers as homebuyers continue to chase a better lifestyle.
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Property values fall in majority of house and unit markets
Almost 80 per cent of Australia’s house and unit markets are now in decline.
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X Commercial expands to Sydney’s southwest corridor with new office
X Commercial has closed 450 sales and leasing deals in the past year and manages more than 1900 properties worth $2.5 billion.
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REIA launches Commercial Agency Engagement Program
REIA President Hayden Groves said the Australian commercial real estate industry had undergone major disruption due to the COVID-19 pandemic, and it’s time to focus on supporting the commercial sector . The Announcement: The Real Estate Institute of Australia (REIA) will launch the REIA Commercial Agency Engagement Program today in a bid to tackle issues facing the Australian commercial real estate…
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Sellers increase marketing budget in face of tighter market
Vendors are willing to increase advertising budgets for their homes if they can delay payment of marketing costs until settlement, new figures from marketing finance provider CampaignAgent show.
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Sydney vacancy rate hits nine-year low
Finding a rental property in Sydney is getting increasingly difficult, with new data showing the rental vacancy rate has just hit a nine-year low.
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Spotting and selling an Endeavour Foundation “prize home”
RE/MAX First Caloundra principal Karl Rademeyer knows what it takes to spot a “prize home”, having sold three properties to charity the Endeavour Foundation as a part of their annual home lottery giveaway.
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Madeleine Este joins BresicWhitney Balmain
Madeleine Este recognised BresicWhitney as a place where she could foster her passion for real estate and learn from likeminded individuals. The Announcement: Established Balmain sales agent Madeleine Este has joined BresicWhitney, as the group stays unapologetically focused on recruiting, retaining and empowering the industry’s best people. Mrs Este (formerly Madeleine Russell) will operate as a standalone agent, tapping into…
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How the floods impact insurance: FAQs answered!
Floods – sadly, many Australians and their properties are bearing the brunt of Mother Nature. This means an influx of inquiries are hitting agents.
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Melbourne’s median house price drops below $1 million
Melbourne house prices have slipped back under $1 million, creating an opportunity for buyers.
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Record low share of rentals below $400 per week
Tight rental markets are putting extra pressure on low-income renters as the share of rental properties listed below $400 per week has hit a record low.
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Top tips to clean up a flood damaged home
Television lifestyle presenter and Rochester resident Walt Collins has offered some critical tips on where to start a home cleanup after a flood.
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Renewable energy plants could boost property prices
Building renewable energy plants could help increase the value of nearby property prices, according to a new report.
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Agents rally in Victorian floods to help clients
Real estate agents across Victoria are counting the cost of the devastating floods that have gripped the state, with some still unclear on the exact amount of damage.
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Ray White Bundaberg business owner puts roots down in Bargara
After starting Ray White Bundaberg with just "two milk crates and a couple of phones" six years ago, Warren Hitzke is expanding to open his second business - Ray White Bargara.
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