Real Estate News
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Game-changing scholarship program relaunched
The Laing+Simmons Scholarship Program helps young people get a foot in the door of the busy, competitive, fast-paced real estate industry. The Announcement: After a COVID-enforced two-year hiatus, the Laing+Simmons Scholarship Program is back. The game-changing initiative that gives school-leavers first-hand experience of the day-to-day operation of a busy real estate business is open for applications. Enthusiastic youngsters looking for…
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Raine & Horne Lower North Shore expands into Willoughby
Nationally expanding Raine & Horne continues its NSW growth with the expansion of Raine & Horne Lower North Shore through the launch of Raine & Horne Willoughby The Announcement: Raine & Horne Lower North Shore Director, Mr Stuart Bourne has opened another new office in Willoughby, ramping up the expansion of the Raine & Horne Lower North Shore brand. The launch of Raine &…
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Suburban centres and satellite office locations on the rise
Workers who have become comfortable working from home are leading businesses to adopt more flexible working arrangements on a permanent basis according to experts.
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Elders agents to streamline buying and selling with Propps
Leading digital offer management platform Propps has expanded its national agency coverage, welcoming the Elders Real Estate network to the fold.
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NSW to phase out stamp duty and bring in land tax
NSW is set to move forward with plans to phase out stamp duty and introduce a land tax as a part of the upcoming pre-election budget. But real estate industry experts aren’t so sure the plan will benefit homebuyers. According to the Sydney Morning Herald, NSW Premier Dominic Perrottet will look to embark on significant reforms that will allow some…
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Investors divided on the benefits of buyer’s agents
Australian investors are divided about whether or not they would use a buyer’s agent, with many feeling they don’t represent good value for money, according to new research.
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Knight Frank restructures WA office leasing team
KNIGHT FRANK has restructured its West Australian Office Leasing team to support its national growth strategy over the next five years.
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William and Kate are moving house
Prince William is moving his family to Adelaide Cottage on the Windsor estate to be closer to to the Queen, who has been struggling with mobility problems.
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Ariana Grande buys Cameron Diaz’s ‘spare house’
Singer Ariana Grande has quietly picked up a Hollywood Hills home from retired movie star Cameron Diaz for US$4.9 million.
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Aussie homes worth a record $10 trillion
The total value of the nation’s residential property increased by $221.2 billion in the March 2022 quarter, bringing the value of Australian real estate to a record-high $10.2 trillion, according to the Australian Bureau of Statistics (ABS).
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Rex checklist helps agencies kick CRM goals
A free checklist from real estate technology experts Rex ensures property professionals can tailor their customer relationship management strategies to hit the ground running in the new financial year.
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Households well-placed to absorb interest rate rises
Despite doom and gloom headlines about rising interest rates and the increased cost of living, data from the Reserve Bank of Australia reveals many Australian mortgage holders are well-placed to absorb further interest rate rises.
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Gavin Rubinstein’s TRG to expand without Ray White branding but still part of the group
Just three years after opening the doors to its Woollahra office, Gavin Rubinstein’s TRG agency is set to expand to Rose Bay - but it won’t be doing it with Ray White Branding.
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Sales of new homes fell in May
The impact of rising interest rates will be compounded by the ongoing increases in the cost of construction and land, forcing up the cost of a new house and land package, according to the HIA.
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Lily Collins buys Kristen Wiig’s Pasadena house
Actress Lily Collins, best known for the film Emily in Paris has quietly acquired the former home of actress and comedian Kristen Wiig in an off-market deal.
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Sydney vacancy rate hits 5-year low
The vacancy rate across Sydney has plummeted to a five-year low, putting the city on the verge of a rental crisis, according to the Real Estate Institute of New South Wales (REINSW).
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Familiar faces and same great service now with new look
Established agent Annie Hou has opened a new real estate office in Upper Mount Gravatt this month after joining the RE/MAX network in February this year.
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Sherrie Storor: Listings on autopilot
Agents tired of the churn and burn daily grind that real estate can throw at them will find plenty of innovative strategies, processes and proven tips at an upcoming “property party” designed to help them create an “attraction business”.
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Renovated Love It or List It home for sale in Oyster Bay
An Oyster Bay home that starred in Season 3 of Love It or List It has hit the market for the first time since undergoing a major renovation on the show under the guidance of interior designer Neale Whitaker.
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Industry’s knights in ‘shining’ armour come together for a special conference
LJ Hooker's Shine Conference aims to 'shine' a light on the great work property managers undertake within the industry.
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Clearance rate and auction volumes drop over Queen’s Birthday long weekend
A long weekend in most states saw auction volumes drop this week, with 1393 auctions taking place across the combined capitals, resulting in a preliminary clearance rate of 58.5 per cent.
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Competition watchdog to examine PEXA
The competition watchdog has confirmed it is looking into claims digital settlement company PEXA has stymied competition in the property settlements market.
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App gets more offers on off-market properties
Launched in Sydney this month, Profound is a marketplace for off-market properties where agents can get access to more offers.
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WA agent finds perfect home with eXp
Leading West Australian agent Melissa Mendes achieved her best year in sales after making the switch to online company eXp Australia in 2021.
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New listings rebound after a quiet April
The number of new listings across the country continues to rise, jumping 12 per cent across the capital cities compared to last month according to PropTrack.
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PRD network bands together to support office devastated by floods
After helping a tenant attend life-saving dialysis treatment during the peak of the Lismore floods, PRD Lismore Principal Robert Horder has won the brand’s John Harvey Award for his outstanding contributions to and leadership in the real estate industry. The Announcement: National real estate brand, PRD has demonstrated its commitment to supporting their offices and staff, after its network banded…
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Leading WA agent returns to global brand
RE/MAX Southern Stars has welcomed the return of Nic Sauzier, one of Western Australia's top selling agents.
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CBD office occupancy rates rise as workers return
Office workers are flocking back to CBDs across the nation despite Covid and a rising number of flu cases.
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Homeowners and renters facing record levels of financial stress
Financial stress has reached record levels across Australia as homeowners and renters struggle to keep up with the ever-increasing cost of housing as interest rate rises start to bite.
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Commercial service station sector still growing despite EV push
Growth in investment in commercial service stations was elevated in 2021, despite Government attempts to encourage electronic vehicles (EV).
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Neil Patrick Harris sells Harlem home for record $7.1 million
Neil Patrick Harris, best known for his roles as Doogie Howser MD and more recently Barney Stinson on How I Met Your Mother has sold his Harlem home for a record US$7.1 million.
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Growth across capital cities slowing at
record paceThe annual rate of price growth across Australia's capital cities is slowing at the fastest rate since 1989.
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Buyers and renters continue to struggle with housing affordability
Housing affordability has continued to fall with more pain ahead according to the Real Estate Institute of Australia (REIA).
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Top 10 classic Hollywood real estate agents
With the rise of TV shows like Million Dollar Listing, real estate agents are now being thrust into the limelight in leading roles.
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REA Group announces new organisational structure
REA Group has announced changes to its organisational structure to further progress its strategy to build next generation marketplaces.
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