Real Estate News
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Auction clearance rate lower as markets navigate lockdowns
The volume of properties taken to auction was slightly higher this week, but the clearance rate dropped marginally as the most popular markets navigated lockdown.
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DiJones appoints new Head of Sales and Chief Operating Officer
DiJones has appointed Mark Horvat to Head of Sales and promoted Brent May to the newly created role of Chief Operating Officer.
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Interstate buyers aren’t slowing down in South Australia
New REISA data has shown continued net interstate immigration gains throughout regional and metro South Australia
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How the property market has evolved amid the pandemic
Australia’s property market exceeded all expectations in 2020 and the first half of 2021, as a the suggestion of potential market crash was swiftly switched out to reports of a nationwide market boom. PRD has released its Australia Economic and Property Report for 2021, which analyses how the property market has evolved over the past year due to multiple factors,…
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Ray White leaders reveal the biggest issues facing the NSW property market
Ray White leaders unpacked the biggest issues facing the NSW property market in a webinar on Thursday night.
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How harnessing customer’s social media behaviours will benefit your business
With 95 per cent of the online population using social media, it is imperative to keep up with the current behaviours and best marketing practices in order to attract potential customers.
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Cindy Crawford sells her Beverly Hills luxury abode for US$13.5 million
Supermodel Cindy Crawford sold her midcentury Beverly Hills home in the luxurious Trousdale Estates for $13.5 million.
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Premier Gladys Berejiklian confirms the ban on small business evictions will be extended
NSW Premier Gladys Berejiklian is set to announce a new rent relief package assist small businesses.
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It’s (almost) a wrap – our recap of Luxe Listings Sydney episode 6
After six hours of flashy cars, designer threads and Sydneys best properties, our recaps of Luxe Listings Sydney Season 1 comes to a conclusion.
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New home sales plummet across Australia in July
The sale of new homes has dropped significantly in almost all Australian states, according to a new report that surveys the largest volume home builders. The Housing Industry Association (HIA) New Home Sales Report showed new home sales fell 20.5 per cent in July, with declines seen in almost every state. HIA Economist Tom Devitt revealed new home sales dropped…
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More Australian homes selling than coming on the market
Dwelling sales continue to surge across Australia against low listings levels, according to new CoreLogic data. In the three months to July, CoreLogic estimated there were around 171,100 dwelling sales in Australia. This is 53.4 per cent higher than what has typically been seen this time of year for the previous five years. In the same period, there were just…
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Sorted Services solution makes communication between tradies and property managers easier
The relationship between tradespeople and property managers is a symbiotic relationship that’s critical to the health of the property ecosystem, and one that is highly valued by both parties. Tradespeople play a fundamental role in maintaining properties and property managers rely on tradespeople to help them weather the storms – quite literally. As with all relationships, however, there is a…
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Sydney residential vacancy rate rollercoaster takes another turn
REINSW noted residential rental vacancies in Sydney dropped in July for the third consecutive month.
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Australians are using lockdown to hunt for property online
Search activity on realestate.com.au jumped 2.4 per cent last week as lockdowns were felt across the country.
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What is the state of the current property investment market?
Ray White chief economist Nerida Conisbee has revealed the current property investment is particularly buoyant.
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Stamp duty reform could be key to relieving housing affordability pressures
The Real Estate Institute of Western Australia (REIWA) has urged the State Government to commit to stamp duty reform in its 2021-22 Budget, given the state’s strong financial position. REIWA claimed stamp duty has remained the biggest financial hurdle for Western Australians looking to buy property. REIWA President Damian Collins said while stamp duty was an important revenue earner for…
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Number of single women buying first home tipped to rise
REIA forecasted a rise in single women purchasing their first homes.
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How the COVID-19 pandemic will change the Australian housing landscape long-term
A drop in investor appetite for high-rise apartments and a push towards lifestyle-centric housing are just some of the trends the COVID-19 pandemic has accelerated, according to property experts. Many of these trends were already underway in the Australian economy, but the spread of COVID-19 created an economic bubble for many industries, which will likely hold strong for years to…
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Perth’s current property growth rate is almost twice as high as the previous cycle
Perth's market recovery is tracking at an average growth rate of 0.9 per cent per month, according to REIWA
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Rental market confidence is up but agents are concerned about rent roll and profitability margins
Australian property managers were surveyed to determine the true mood of the national rental market with the response overwhelmingly stating that while the market might be doing well, businesses are concerned by rent roll growth and profitability.
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Industry leaders are urging real estate agents to get vaccinated
Many industry leaders have supported the push by governments around Australia to improve vaccination rates by encouraging members of the real estate industry to get vaccinated. Raine & Horne chairman Angus Raine is one of many real estate industry leaders to speak out about the potential vaccination mandate. “As an industry, we need to support the government’s messages about the…
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How an career-ending injury motivated Johnathon Merton to pursue real estate
Former construction worker Johnathon Merton saw the silver lining in a life-changing injury, building a new life for himself as a successful regional salesperson and now owner of Merton Property Co. Mr Merton toyed with the idea of becoming an agent in his 20s but said, in hindsight, his younger self wasn’t ready. “I ran off with my tail between…
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Returning Century 21 agent David To set to head the new Mascot office
Century 21 has proudly announced the opening of their newest office in Mascot, Sydney.
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How proptech startup Sorted Services doubled its headcount amid the pandemic
Sorted Services, an Australian digital platform streamlining the property management lifecycle, has announced significant growth amidst a challenging macroeconomic environment.
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Dwelling values and sale volumes continue to rise across Australia but rental yield declines, says CoreLogic
CoreLogic has released their August insights, summarising Australian housing market data to the end of July 2021. They found the Australian housing market has continued to maintain the highest dwelling values since 2004, but quarterly values have started to gently decline, when compared to May 2021. Sales volumes also rose across Australia, both in regional and metro markets. Rental values…
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REIA has urged the Australian Government to rethink their approach to sustainability in real estate
The Real Estate Institute of Australia (REIA) has called on the government to empower Australian consumers to adopt more 'sustainable and healthy' housing practices.
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Openn Negotiation announces their Excellence Awards winners
Australian real estate tech platform Openn Negotiation has virtually held their fourth annual awards night, announcing their 2021 Excellence Award winners. The night celebrated the agents and agencies achieving outstanding success using the digital sales platform, which recently listed on the ASX. Queensland agent Brad Scott, Principal of Smart Real Estate, was a stand-out winner this year. He received multiple…
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What social media really thinks of The Block 2021
Renovation competition show The Block returned to Channel Nine for its 17th season on Sunday night, with competitors vying to create luxury living in a suburban cul-de-sac.
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The top regional Queensland suburbs for investment opportunities
Queensland boasts a huge array of regional locations that draw in house hunters from around the country, from hinterland towns to beachfront living.
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Ray White Canberra welcomes Chris Dixon and Maree van Arkel to the team
Ray White Canberra has welcomed top agents and north Canberra specialists Chris Dixon and Maree van Arkel to their rapidly expanding group.
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Auction volumes and clearance rate dip with three major capitals in lockdown
Both auction volumes and the preliminary clearance rate fell this week in the wake of lockdowns across Australia's three largest capitals.
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REIACT speaks out against proposed Residential Tenancies Act changes
The Real Estate Institute of the Australian Capital Territory (REIACT) has urged all landlords and tenants to speak up about proposed changes to the Residential Tenancies Act. REIACT CEO Michelle Tynan said the proposed changes to the Residential Tenancies Act (RTA) could have wide and damaging consequences for private rental stock numbers in the territory. “The minimum energy efficiency standards…
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REA Group Australia reveals strong growth in their FY21 results
REA Group has announced positive end of financial year results, with their revenue of $928 million up by 13 per cent, and net profit of $318 million up by 18 per cent.
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Sydney’s CBD office market shows resilience amid lockdowns
The Property Council of Australia's latest Office Market Report has highlighted the resilience shown by the Sydney CBD office market.
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Innovative legal firm now allows real estate agents to access lawyers ‘as a service’
Whether you’re a seasoned agency or a cutting-edge start-up, shielding your assets and future proofing your relationships is essential to create a legally sound real estate agency. And while you might think that means through-the-roof legal fees, and drowning in paperwork, thanks to the legal specialists at O*NO Legal, you’d be wrong. “Legals can be expensive, and traditionally only those…
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