INDUSTRY NEWS
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Real estate developer builds voice-activated homes in Ghana
A real estate developer in Ghana has taken on the task of building a community of futuristic homes to help enhance the local neighbourhood.
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Property upswings trump downturns over the past 30 years
Upswings in Australian property have been larger and longer than the subsequent downturns where prices slightly decline or just flatline according to new research.
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One in five ACT landlords plan to sell if rental changes come in
Proposed changes to the Residential Tenancies Act in the ACT could lead to one in five investors selling their rental property.
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China crisis wipes out $90 billion from developers
Chinese property developers have seen the value of their stocks fall by US$90 billion as the China crisis worsens.
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Rent.com.au launches single-tap build-to-rent search functionality
Build-to-rent is set to revolutionise renting in Australia and Rent.com.au is the first portal to build a single-tap search filter to help renters locate and apply for the new developments.
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McGrath posts strong EBITDA result in FY22
Chief Executive Officer and Managing Director John McGrath is pleased with the results and said they reflect the group’s focus on growing market share and agent productivity. The Announcement: McGrath Limited (ASX: MEA) today announced strong results for the 2022 financial year, within the guidance range provided in May 2022. Results highlights: • Underlying Revenue1 of $112.4 million, a 1.3% increase…
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Offshore apartment buyers are on their way back
It has been a slow few years for offshore buyer activity in Australia.
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WeWork founder looking to take on housing availability
Founder of shared office space provider, WeWork, Adam Neumann is looking to take on the issue of housing affordability in the US with a new startup.
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Home builders to weather the interest rate storm
Home builders are well positioned to handle higher interest rates, believing the events of the past two years have been more difficult to contend with.
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The value of new loans fell 4.4 per cent in June
The value of new home loans across Australia has fallen 4.4 per cent last month, continuing to soften from the peak of $33.2 billion in January.
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Preliminary clearance rate holds above 60 per cent
The preliminary clearance rate has held above 60 per cent for the second consecutive week, despite an uptick in the volume of auctions.
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TRG names new Commercial Director as the group embraces expansion
Within two months of announcing its plans for expansion, The Rubinstein Group has named Jake Fahd as the director of its new commercial division.
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John Minns reinstated as NSW Property Services Commissioner
In a surprise move from the NSW Government, John Minns has been reinstated as Property Services Commissioner just weeks after it announced he would be replaced with an independent statutory Property Services Commissioner.
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Battle Royale! Harcourts Game of Phones
Harcourts Game of Phones sees competitors calling and confirming as many appraisals as possible. The Announcement: Real estate royalty battled it out during Harcourts 2022 National Appraisal drive recently. ‘Harcourts Game of Phones – Appraisals are Coming’ saw agents, property managers and offices from across the continent compete for the crowning glories of being named ‘Greatest of Call Time’, ‘The…
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Huge day of Ray White Commercial auctions
Ben Faulks, Mark Thompson and Scott Stephens all achieved a 100 per cent clearance rate, selling five out of five properties. The Announcement: Ray White Commercial sold more than $16 million in property under the hammer on Thursday, with auction events at Canberra, Brisbane, and the Gold Coast. Overall, 15 properties went under the hammer, recording an auction day clearance…
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Regional prestige lifestyle areas the first to show weakness
Rampant house price growth in regional lifestyle areas, previously fuelled by Covid lockdowns, has started to turn, with the prestige market falling first.
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The areas where property price growth is still occurring
Despite property values starting to fall in the larger capital cities, there are still multiple locations around the country that are likely to still see price growth according to an expert.
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Three’s The Block NZ houses proudly marketed for sale by Ray White
Ray White’s Treena Drinnan said the properties are among the only fully-furnished options available in the current market. The Announcement: You’ve seen them on the screen, and now it’s time to view them in person and stake your claim on auction day. Ray White New Zealand is pleased to announce the four stunning townhouses from Three’s The Block NZ are…
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Cold, unhealthy rental homes don’t meet international standards
Australian renters are being forced to live in cold, unhealthy homes that aren’t meeting international standards on indoor temperatures according to a new report.
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Profitable resales start to fall across New Zealand
Profitable resales across New Zealand have started to fall as interest rates rise and a surge in listings weighs on the property market.
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AI digital assistant RiTA now integrates with PropTech Group’s Eagle CRM
PropTech Group's Eagle CRM is the newest addition to the list of CRM's digital assistant RiTA plugs into. The integration allows real estate agencies using Eagle CRM to generate more leads from their CRM and clean their data through the power of Artificial intelligence (Ai) and automation.
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Domain records strong financial year results
Significant growth in Domain’s residential online business, including a 9 per cent jump in listings, has underpinned the group posting revenue of $357 million for the 2021-2022 financial year.
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Luxury property expert Bradley Cocks joins DiJones Southern Highlands
DiJones Southern Highlands has bolstered its ranks with the appointment of Bradley Cocks who has extensive expertise across marketing, communications and promotion of luxury travel and property developments.
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Christine Mikhael appointed CEO of LJ Hooker Group
Christine Mikhael has been Acting Chief Executive Officer for the group over the past six months where she has shown outstanding leadership skills, making her a natural fit for the role. The Announcement: The Board of the LJ Hooker Group today announced the appointment of Christine Mikhael as Chief Executive Officer and a member of the Board. Ms Mikhael’s appointment…
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Ray White trademarks ‘Competition Creators’
After being interwoven into the everyday language at Ray White, ‘Competition Creators’ has been successfully trademarked by the group when referring to auctioneering and the auction process. The Announcement: In a world first, the Ray White Group has successfully trademarked the phrase ‘Competition Creators’. The phrase was coined by the group’s chairman Brian White AO and is now interwoven into…
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Crypto king buys Toorak ghost mansion for $80 million
A mysterious crypto king has splurged a stunning $80 million on an unfinished Toorak mansion, setting a state record in the process.
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145,000 homeowners would consider selling if rates rise
Over half a million Australian households would struggle to pay their mortgage, with many forced to sell, if interest rates rose three per cent according to a new survey.
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Holly Jones takes out two top gongs at Ray White international awards
Holly Jones said she loves providing incredible results throughout the selling process and finds helping buyers find their dream property incredibly rewarding.
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Big banks pass on the full 0.5 per cent rate hike
Three of the big four banks have passed on the Reserve Bank of Australia's full August interest rate rise of 0.5 per cent.
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Nerida Conisbee: Why mortgagee sales are rising
Cost of living pressures and mortgage stress has seen the number of mortgagee sales increase according to new data.
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Free real estate job search website launched
Entry Education has broken new ground with the creation of an innovative job search website designed by property professionals for property professionals.Â
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Alec Brown named Ray White Australia’s top auctioneer
Alec Brown says he sees auctioneering as a responsibility to agents and their clients, so he ensures he brings his A-game and strives to help facilitate the best outcome. The Announcement: Alec Brown from Ray White Canberra is one of the country’s leading auctioneers and has just been named Ray White Australia’s top auctioneer for 2022 at the agency’s national auctioneering…
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Top locations for investors with a $100k deposit
Outer city and regional areas are providing the best value for investors with a $100,000 deposit according to new research.
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Sherrie Storor’s Build Your Best Life podcast launches Season 2
Australian entrepreneur Lorna Jane Clarkson will join a host of big-name real estate professionals, including Ewan Morton and Michael and Joel Davoren, on Season 2 of Sherrie Storor’s Build Your Best Life (BYBL) podcast.
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The Tasmanian market contracts as rates rise
Rising interest rates have started to bite in Tasmania with sales activity contracting.
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