Real Estate News
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Perth prices continue to increase in April
The Perth property market has continued to see an uptick in prices since reopening its borders in February.
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Why Felicity Harden is an eXp Realty icon
Brisbane’s Felicity Harden is the first real estate agent outside of the US and Canada to reach eXp Realty’s Icon benchmark for high sales two years in a row.
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RE/MAX adds diamond event to foster collaboration among network’s elite performers
Alex Jordan, Adrian Oddi and Chelsea Pottenger all spoke at the event offering their unique insights. The Announcement: RE/MAX Australia held its inaugural Diamond Event at the Calile Hotel, Fortitude Valley, on 21st April, with invitations extended exclusively to the network’s 24 Diamond, seven Double Diamond and sole Triple Diamond achievers. Managing Director, Joel Davoren, said he introduced the event to…
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Cash rate rises for first time in over a decade
After 17 months of record low interest rates, the Reserve Bank of Australia has today lifted the cash rate 25 basis points to 0.35 per cent while clearly indicating more rate rises are to come.
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Richard Simpson elected new REIV president
The Board of the Real Estate Institute of Victoria (REIV) has elected respected real estate agent Richard Simpson as its president, through to October 2022.
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Vacancy rates remain at record low levels
The national vacancy rate remains at a record low 1 per cent with ​all capital cities continuing to operate in a “landlords’ market” according to a new report.
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WA the most affordable for first home buyers
Perth has been named the most affordable capital city for first home buyers, with regional Western Australia taking the title of most affordable area in the country, according to a new report.
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Labor looks to cut the cost of a mortgage by up to $380K
The Labor Party has announced its intentions to introduce a new shared-equity housing scheme that could help shave up to $380,000 off the cost of a home.
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Rising CPI suggests more affordability worries ahead
The highest inflation in 30 years suggests housing affordability is going to continue to decline, according to an industry body.
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Home prices stalled in April as rate hikes loom
Property prices stalled nationally last month with values seeing their smallest increase since May 2020 and the onset of the pandemic, according to new data.
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Economists predict rate rises are coming before August
Economists believe the RBA is getting set to hike the official cash rate (OCR) with 84 per cent believing a rise is coming before August.
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Propic acquires Property Realm to create intelligent AI platform to ease stress levels
Australian real estate PropTech innovator, Propic has acquired Property Realm in a move it says will “unapologetically disrupt” the real estate industry.
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Queensland vacancy rates hit record low levels
Vacancy rates across Queensland have dropped dramatically with several areas recording rates under 0.1 per cent.
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Auction clearance rate slips further
The preliminary clearance rate has slipped further this week on the back of increased auction volumes across the combined capitals.
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Hockingstuart launches new property development division
Raymond F de Weerd and Marc Raiti are thrilled to be partnering with well-known brand Hockingstuart and are excited about the opportunities the union presents. The Announcement: Victorian real estate group, Hockingstuart has announced its move into the property development space with the launch of Hockingstuart Land | Projects. The new division will be led by industry stalwarts, Raymond F…
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REIWA 2022 Awards for Excellence winners announced
The Kevin Sullivan Memorial Award was bestowed on Neville Pozzi for his outstanding contribution to the Western Australia real estate industry over the past 45 years. The Announcement: More than 400 Western Australian real estate professionals gathered for the Real Estate Institute of Western Australia’s 2022 Awards for Excellence at Crown Perth on Thursday 28 April. REIWA Chief Executive Officer…
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Record inflation to keep pressure on households
The latest CPI figures shows inflation has risen to 5.1 per cent, putting increased pressure on mortgage holders and households according to experts.
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Three of the big four banks predict a May rate hike
The big four banks continue to bring forward their cash rate rise predictions, with three of the majors now forecasting the official cash rate (OCR) will increase next week, with more hikes “imminent”.
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Betty White’s California homes are hot property
Actress Betty White’s two LA properties have hit the market with one already sold.
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The AI tech that powers agents across the nation
Artificial intelligence has been the buzzword for a decade and whilst other industries are advanced in its applications, the real estate industry is no longer a laggard as more and more agencies leverage this technology.
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LJ Hooker Property Hub recruits leading prestige agent
LJ Hooker Property Hub, and strengthen the brand's position in the Gold Coast hinterland.
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Property boom losing momentum – Sydney price growth ‘flatlining’
The rate of property price growth in Australia has dropped dramatically in the first three months of the year, new data reveals.
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The Agency records 26 per cent growth in revenue
The Agency has reported improved financial and operational results for the March quarter, with its total revenue up 26 per cent on the same quarter in the 2021 financial year.
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Pop king Robbie Williams buys Fannie Brice mansion
Musical superstar Robbie Williams has added a new purchase to his property portfolio having paid US$49.5 million for the former home of American comedienne, singer, theatre and film actress Fannie Brice.
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Slowdown arrives for New Zealand’s hot property market
New Zealand’s overheated property market looks to be slowing down thanks to rising interest rates and lower demand according to a new report.
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New network manager to support Raine & Horne’s Queensland expansion
Raine & Horne has recruited experienced property specialist Ken Baker as its new network manager in Queensland. The Announcement: Leading real estate brand Raine & Horne has landed a major score with the appointment of experienced real estate professional Ken Baker as its new Network Manager in Queensland. Steve Worrad, General Manager, Raine & Horne QLD, who helped recruit Mr…
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Sunshine Coast trio launch boutique brand to capitalise on their reputation
A Sunshine Coast team of three to has capitalised on more than 40 years of real estate experience and launched their own business, Walker & Rigby powered by UrbanX.
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Propic appoints head of innovation amid record growth
PropTech Artificial Intelligence pioneer Propic has appointed former McGrath Head of Martech Ryan Campbell as Head of Innovation, as it records significant Australian market growth and seeks to push into international markets.
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Elle selling her Coral Gables house
Supermodel Elle Macpherson has listed her Coral Gables house, set on 1.71 acres in the exclusive gated community of Journeys End Estates for US$29 million.
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Victoria most affordable for average income earners
Victoria dominates the list of most affordable properties for buyers on average salaries, according to new research.
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Inside Australia’s home of the year
JW Constructions in Queensland has won the HIA-CSR Australian Home of the Year award for a beautifully designed home that showcases open-plan living at its best.
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Ray White Surfers Paradise grows its leadership team
One of Australia’s most successful real estate agencies has added a new generation of leadership to ensure its continued success as it begins its fourth decade of operation. Â
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Geelong leads pandemic population surge
Geelong saw the largest population increase during the pandemic as homebuyers sought out more space and an escape from the city.
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Webinar to skill agents in what to do if a client’s privacy is breached
Did you know that Privacy Awareness Week is next week? Have you thought about how your office can participate and champion privacy with the rest of Australia?
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New LJ Hooker office opens in booming regional Queensland market
LJ Hooker has further expanded its network along Queensland’s Capricorn Coast with the opening of LJ Hooker Agnes Water.
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