INDUSTRY NEWS
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Commercial property settlements surged higher last financial year
The volume of commercial property settlements has surged by as much as 60 per cent across the east coast of Australia, according to new data.
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Well-known Cleveland agent makes all the right moves
Leana Reynolds has spent the past five years building great relationships in the Cleveland market, which will serve her well moving forward with the Re/MAX Bayside Properties team. The Announcement: Experienced and results driven agent, Leana Reynolds, joins the award winning RE/MAX Bayside Properties team, newly married and just home from her honeymoon. Leana targeted the high performing Cleveland team,…
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REA Group celebrates Australia’s Property Managers
REA Group is today applauding its Property Manager customers across the country on National Property Managers Day.
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Elite Retreat giveaway winners announced
An app that powers up a consumer’s knowledge bank before they buy or sell a home and increased use of video messaging are among the trends agents have tipped to play out in the industry in 2023.
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Raine & Horne strategic focus on youth achieves office growth gold in 2021/2022
Raine & Horne achieved a record year for growth with 33 offices joining the group in 2021/22. The Announcement: In the 2021/22 financial year, Raine & Horne focused on building its network management team, and the proof is in the pudding, with a record 33 offices chockful of young gun agents joining the Group. The brand appointed Ms Tina Ashton…
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ANZ says cash rate will hit 3 per cent this year
One of Australia’s biggest banks has dramatically revised its interest rate forecast, predicting the Reserve Bank of Australia will lift the cash rate above 3 per cent this year.
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Real estate industry celebrates National Property Managers Day
Often the unsung heroes of a real estate agency, property management can a tough gig that requires a specialised skillset and dedication.
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Rate rises now to avoid sharper economic slowdown
The Reserve Bank of Australia hopes taking swift action on soaring inflation will halt the need to increase the cash rate as high as previous economic cycles.
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McGrath Crows Nest expands into Willoughby
Top-tier industry performer Peter Chauncy has welcomed Jason Georges to his McGrath Crows Nest team.
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Leading agent joins Ray White Surfers Paradise
Ray White Surfers Paradise has brought high-performer Lana Faulkner and her team into the ever-growing fold.
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Music keeps Amy Bennett on the right track
Amy Bennett has always been a massive music fan.
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Outer Melbourne and regional Victoria continue to set record prices
Melbournians have continued to leave the inner-city, with values in outer suburbs and regional areas at record highs.
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Ray White Land Sales opens in Victoria
Real estate experts Karandeep Singh and Ash Kalkat have joined with Ray White to open Ray White Land Sales Victoria.
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First home buyers exceed their budget to get on the property ladder
Record high home prices and underquoting are forcing first home buyers to pay more than they expected with 37 per cent exceeding their budget.
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Home prices falling in 40 per cent of markets
Declining property prices have gathered steam with 40 per cent of house and unit markets falling in the past three months.
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Ray White Commercial Canberra’s leadership team continues to grow
Ray White Commercial Canberra now has a 22 person team, with Eleni Notaras being the first female executive to join the business.
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Knight Frank makes new appointment to residential team
Knight Frank has made a new appointment to grow its residential team, with Luke Hayes starting as Director of Residential Project Sales.
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Office occupancy levels hold steady in June
Workers returning to CBD offices has slowed down last month, as the impacts of floods, the flu season and interruptions to rail networks forced people to stay home.
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Prospective Perth tenants lose thousands in rental scams
Scammers have targeted prospective tenants in Perth, with two unsuspecting victims losing $23,500.
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Sixth week of auction clearance rate below 60 per cent
Auction activity remains 20 per cent lower than this time last year, with 1667 properties taken to auction this week, resulting in a preliminary clearance rate of 56.4 per cent.
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Toorak mansion set to become state’s most expensive home
A stunning Melbourne home designed in 1936 is set to smash Victoria’s property price record if it sells for its $65 -$70 million price tag.
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Knight Frank and Fred Schebesta examine how crypto, NFTs and the metaverse might shape Australian real estate
Global property consultancy Knight Frank has turned its attention to the rise of cryptocurrency, NFTs, and the metaverse, with the group joining forces with Finder founder and crypto investor Fred Schebesta to decode some of the Australian trends emerging and how they impact real estate.
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Advancing Australia’s prosperity: REIA launches 2025 strategy
The new vision for the 2025 real estate sector is about better delivering for business, practitioners and the communities they serve through member institutes.
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Property market records busiest start to winter in a decade
The Australian property market has started winter strongly, with new listing volumes reaching the highest June level in more than a decade.
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Rents surge by a record 12 per cent across the capitals
Australia's rental crisis has deepened with tight vacancy rates contributing to a record 12 per cent jump in house rents over the past year.
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Ray White Cooma strengthens links to capital
With the increasing focus of city dwellers on regional opportunities, Ray White Cooma has announced a strengthened bond with the team at Ray White Canberra, spearheaded by Simon Porter.
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Rent.com.au partners with Origin Energy
Rent.com.au has entered into a new partnership with electricity giant Origin Energy to offer electricity and gas services to Rent.com.au customers.
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Retail customers ‘flock back’ to in-person shopping
After a surge in online retail sales, customers have begun to “flock back” to in-person shopping, with experts suggesting bricks and mortar stores are far from dead.
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NSW Government to appoint independent statutory property services commissioner
The NSW Government has announced it will appoint an independent statutory Property Services Commissioner from August 1 to drive reform, boost industry standards and support consumers.
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Perth sales activity jumps 20 per cent
Real estate sales activity in Perth surged 19.8 per cent during the 2021-22 financial year, according to the latest data from the Real Estate Institute of WA (REIWA).
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McGrath welcomes North Shore property expert as partner in its Wahroonga office
Nick Muzha excels in helping his clients achieve their goals at any stage of their property journey and maintains a strong repeat client business. The Announcement: McGrath Estate Agents has welcomed North Shore property expert Nick Muzha as Partner in its Wahroonga office on Sydney’s Upper North Shore. Chief Executive Officer John McGrath said Mr Muzha’s astute approach to property negotiations is the future…
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Real estate stalwart moves into Pelican Waters
Ray White Queensland Chief Executive Officer Jason Andrew said he was delighted to see someone of Dwight Ferguson’s sales calibre and pedigree move back into business ownership. The Announcement: ONE of the country’s most highly regarded real estate professionals, Dwight Ferguson, has made a sea-change to the Sunshine Coast and has now taken ownership of Ray White Pelican Waters. Mr…
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The Limitless Group welcomes Nikita Kinnane to the RE/MAX Results team
Principal and Director Hayley Van de Ven said now is the right time for Nikita Kinnane to join the team as she will continue to support her in building her business. The Announcement: The Limitless Group in North Qld has welcomed Nikita Kinnane to the RE/MAX Results office in Mackay in a continued demonstration of growth Nikita, a mum of…
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Familiar faces join the Ray White Group in Port Stephens
Ray White New South Wales Chief Executive Officer Andrew McCulloch congratulated the trio on joining the Ray White Group. The Announcement: Port Stephens real estate expert Bill Knaggs has merged his family business with fourth generation family business, Ray White. Mr Knaggs has brought his second generation family business under the Ray White umbrella along with daughter Rowena Hernandez and…
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The 10 Perth suburbs where house prices rose at least 26 per cent
Five of Perth’s top 10 price growth suburbs now saw their median house sale price soar above $1 million for the first time last financial year.
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