Real Estate News
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Harcourts confirms cyber incident
Real estate company Harcourts has today confirmed that its Melbourne City franchisee has been the victim of a cyber incident. In an official release, Harcourts Australia stated that on October 24, the Melbourne City franchisee became aware its rental property database had been accessed by an unknown third party without authorisation. “Each Harcourts office operates as an independent franchise with…
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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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The commercial property that’s set to benefit from Federal Budget
The childcare and aged-care sectors are set to receive a boost after the Federal government committed to increasing its investment in the sectors.
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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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Young high-flyer smashes expectations with help of Area Specialist
When Stacey Woodfield walked out of school and into an office job at a real estate agency in 2015, she never imagined she was on a path that would take her to being her own boss at 25.
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MRI Software enters binding deed to acquire ASX-listed PropTech Group
Technology provider MRI Software has agreed to purchase ASX-listed PropTech Group (PTG.AX) for an estimated value of A$93.4 million.
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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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Commercial connections that last: George Burbury
Imagine making your career debut in front of 50,000 people, most of whom are barracking against you.
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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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Two experienced agents turn to UrbanX for the future
One of the newest agencies to hit Coffs Harbour, Dobbs & Co is set to build a strong reputation on the northern beaches.
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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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