Real Estate News
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NAB, CBA and ANZ all lift variable home loan and savings rates
The NAB, CBA and ANZ have all passed on the full interest rate hike to variable rate mortgage customers following the Reserve Bank of Australia lifting the cash rate 50 basis points last week.
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Georgia Cleary joins new McGrath office in Paddington as the area makes a resurgence
A new McGrath Estate Agents office has opened in Sydney’s eastern suburb of Paddington, where John McGrath first opened a McGrath office. The Announcement: Leading residential agency McGrath Estate Agents has reaffirmed its commitment to Paddington in Sydney’s Eastern Suburbs as the new office focuses on the area’s resurgence. The suburb’s growth is in line with the popularity of neighbourhood living, as highlighted in the McGrath…
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Interest rate hikes quell commercial property FOMO
The sense of urgency appears to be leaving the commercial property market as first-time buyers exit in the wake of increased interest rates.
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Harcourts West attracts high-flyer
Anthony Christakakis has a passion for the area as seen in his results, selling over 20 million dollars of acreage in total. The Announcement: Anthony Christakakis, who has been 11 years experience in the industry, is starting with Harcourts West. “I decided to join Harcourts because their vision aligned with mine, I could see the want for growth, a great office…
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REINSW 2022 Awards for Excellence finalists announced
The REINSW 2022 Awards for Excellence will resume being held live this year at the Excellence Gala Dinner and will offer 23 categories of awards, covering both agencies and individuals. The Announcement: The Real Estate Institute of New South Wales (REINSW) has announced the finalists for its annual Awards for Excellence. Celebrating its 25th anniversary, the prestigious Awards for Excellence is…
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REIA forms partnership with Managed App
The partnership is a new venture for the Real Estate Institute of Australia and Managed App, with the app is pioneering a digital concept that is shaping the future of the real estate industry. The Announcement: The Real Estate Institute of Australia (REIA) is pleased to announce it has formed a new and exclusive three-year partnership with proptech innovator, Managed…
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The Perth suburbs where houses sell in just 7 days
Perth’s property market is still experiencing a “high level of buyer demand” with a number of suburbs selling in record time.
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Vacancy rates at lowest level on record
National vacancy rates have plummeted to a record low of 1.2 per cent, while rental values have soared 2.9 per cent in the three months to June.
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Janet Jackson selling her Central Park apartment
After a quarter of a century of ownership, singer Janet Jackson is selling her Central Park apartment for US$8.995 million.
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REIQ concerned about “heavy-handed” changes to rental laws
The Real Estate Institute of Queensland (REIQ) fears investors may "tap out" and sell their rental properties as a result of legislation changes due to take effect from October 1.
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LJ Hooker South Coast offices ready to save a life
Ten LJ Hooker real estate offices on the NSW South Coast have been fitted with lifesaving medical equipment in a bid to reduce the number of Australians that die from the nation’s biggest killer each year - sudden cardiac arrest.
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Local experts take the reins at Ray White North Richmond
Ray White New South Wales CEO Andrew McCulloch says he has no doubt Cindy Cash and Di Tutty will continue to be an asset to the group as the leaders of Ray White North Richmond. The Announcement: Hawkesbury real estate specialists Cindy Cash and Di Tutty have stepped up to lead the high-performing Ray White North Richmond office. Real estate stalwart…
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Stone Real Estate adds new franchise location with Hawkesbury office
Experienced agent Adam Buchert has rebranded his agency to tap into the opportunities, knowledge and expertise of the Stone network.
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Century 21 increases presence in northern Melbourne suburbs
Century 21 is proud to announce the opening of their newest location in Wollert in the northern suburbs of Melbourne.
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Jellis Craig deploys AI technology to enhance customer experience
Leading Victorian real estate agency Jellis Craig has partnered with Melbourne-based start-up Rental Heroes to introduce a 24/7 renter concierge service powered by Artificial Intelligence (AI).
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Another cash rate hike with more to come
The Reserve Bank of Australia has warned homeowners more interest rate rises will follow as they raised the official cash rate 50 basis points, to 1.35 per cent, at its monthly meeting today.
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Josh Tesolin expands Ray White Quakers Hill
To accommodate the growing team, he has also expanded the office’s footprint by leasing the office next door. The Announcement: TOP principal Josh Tesolin has expanded his Ray White Quakers Hill business with the purchase of a significant rental roll and lease of another office premise. Two years on from opening his first business, Ray White Quakers Hill, Mr Tesolin…
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Knight Frank appoints head of institutional sales in South Australia
Max Frohlich returns to Knight Frank after a three-year hiatus after starting his property career with the agency as a commercial valuer. The Announcement: Knight Frank has appointed a Head of Institutional Sales in South Australia. Max Frohlich will start in the role in July, returning to Knight Frank after a three-year hiatus after starting his property career with the…
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Top agent finds harmony in life balance
Alex Jordan is one of the highest-achieving real estate agents in Queensland and says looking after his health has been crucial to that success.
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It’s a landlord’s market: vacancy rate at record low
Australia’s rental vacancy rate is at the lowest point on record, with the market remaining firmly in landlords' favour according to the latest Domain Vacancy Rate Report.
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Australia’s housing market downturn building momentum
Adelaide is the only capital city still recording monthly property price growth higher than one per cent, with market experts tipping the rate of housing value decline will gain pace and spread further in coming months.
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Agents’Agency appoints new national head of growth
A sleek new look isn’t the only game changer for Agents’Agency this year, as the national brand announces the appointment of industry expert, Cristian Orrego, as Head of Growth.
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McGrath expands into regional Qld
Principal Ainsley Driver said the area is not only attractive to the investor market, but to young families who are seeking a more relaxed lifestyle with the amenities of a big city life. The Announcement: McGrath Estate Agents has announced the opening of new offices in Bundaberg and Bargara, giving a clear indication of the company’s desire to further expand…
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High-performing Grafton agent opens Ray White TKG
Ray White New South Wales CEO Andrew McCulloch said Jake Kroehnert’s energy, enthusiasm and determination would make him an asset to the group. The Announcement: Top performing agent Jake Kroehnert has made the leap to Australasia’s largest real estate group, opening Ray White TKG in Grafton. A young gun and top agent in Grafton, Mr Kroehnert has always wanted to…
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Drake Sells His Hidden Hills ‘Yolo Estate’
Rapper Drake has successfully offloaded the last of his three homes that made up his sprawling Hidden Hills compound for US$11.3 million.
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Over 90 per cent of experts tip interest rates to rise in July
There’s likely to be more pain ahead for borrowers, with 91 per cent of experts tipping the official cash rate to rise tomorrow, according to a new survey.
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Mining towns back in vogue as yields hit 10 per cent
The resurgence of mining towns is back as investors again look at the potential for high capital growth and high yields.
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How to sell in a boom year and still have time for the beach
Image Property Sunshine Coast's Nathan Christmas is coming off the back of a boom sales year in one of the country’s hottest real estate markets.
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Market Buy hires Will Farmer to run its US operation
Market Buy has welcomed a new recruit to lead its American operation as the online offer management company ramps up its rapid expansion into the US.
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Johnny Cash’s quiet California home hits the market
The California home once designed and built by The Man in Black is on the market for US$1.795 million.
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Lowest preliminary clearance rate in two years
The preliminary clearance rate has dropped to its lowest level in more than two years after auction volumes further declined this week.
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Home Guarantee Scheme expands to 40,000 places
Property market leaders have welcomed the expansion of the Federal Government’s Home Guarantee Scheme (HGS), but cautioned rising interest rates and inflation remained key issues for first-home buyers.
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OBrien Real Estate announces new office in Melton
The brand is one step closer to reaching its goal of creating a 50-office network in Melbourne. The Announcement: Fresh off an eventful month with the network opening up office number 35 at Ringwood, the OBrien team announce the newest office in Melbourne’s Western suburbs. OBrien Real Estate is one step closer to realising their potential of building a 50-office…
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Rising rates putting pressure on home prices
Brisbane property prices have fallen for the first time since April 2020, with rising interest rates dampening buyers' enthusiasm for purchasing.
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Why you need to future proof your real estate agency
Whether you have been in business for years or are thinking of starting up, managing your agency and building a valuable asset needs a solid legal foundation.
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