Real Estate News
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How agencies are coping with losing management fees from flood-affected homes
Real estate agencies in flood-ravaged Northern NSW have urged others to set aside some profits every month, with their ‘rainy day’ disaster funds now coming in handy.
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Property Council welcomes analysis of regional strengths and weaknesses
The report has the potential to improve planning and infrastructure investment to support regional growth. The Announcement: The Property Council of Australia today welcomed the release of Infrastructure Australia’s latest report into the strengths and infrastructure gaps in Australia’s regional areas. The first report of its kind, the expansive study examined the opportunities and challenges facing the regions as more…
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Peloton brings connected fitness to luxury accommodation
Peloton checks into hotels to support the fitness and wellbeing needs of Australians when they travel. The Announcement: Following 2021’s highly anticipated launch of Peloton in Australia, the leading interactive fitness platform that pioneered connected, technology-enabled fitness, will continue its expansion with Peloton Commercial to serve members on the road, as well as at home. The Australian hospitality industry has…
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Coming clean: the most satisfying TikTok videos
If you’ve ever wanted to quickly clean up a carpet stain minutes before an open home then data from a new study on TikTok trends shows that you’re not alone.
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Domain Trailblazer Awards to recognise emerging talent
Domain will recognise emerging agents and property managers who find innovative ways to help colleagues, clients and their business reach their goals, with a new awards series.
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REA Group refreshes property.com.au
REA Group has today announced a refresh to property.com.au, the first investment in the property website in a number of years.
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Jonah Hill selling his Lower Manhattan loft for $11 million
Funnyman Jonah Hill is selling his Lower Manhattan loft for US$11 million having recently purchased a new home in Malibu.
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Investors driving rising markets on Herron Todd White property clock
Soaring Sydney property prices in 2021 “overshadowed” another key market trend of rising rental rates, according to the latest Herron Todd White (HTW) Month in Review.
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House prices grew at the fastest rate in 20 years
National house prices grew at 25.1 per cent in 2021, making it the fastest annual growth rate in 20 years, according to new data.
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Reapit set to expand portfolio with acquisition of Console
Cloud-based property software provider Reapit, backed by private equity firm Accel-KKR (AKKR), has announced the acquisition of Console.
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Western Sydney duo seizes the chance to make their own decisions
Two Western Sydney agents have joined forces, to launch their own business, InHaus Estate Agents, powered by UrbanX.
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Kerry Washington’s former New York rental for sale
The luxury New York penthouse Scandal actress Kerry Washington used to rent has hit the market with the hefty price tag of US$25 million.
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Successive rate rises the biggest risk for homeowners
Successive interest rate increases from the RBA when they begin their tightening cycle could be the biggest issue for homeowners according to a leading expert.
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Australian house prices grow at the fastest rate in the world
Australia has taken top spot as the country with the highest rate of annual price growth in 2021.
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Commercial agent powers through 2022 first quarter
Deepen Khagram recently received the special honour of being inducted into the RE/MAX International Hall of Fame. The Announcement: RE/MAX commercial specialist Deepen Khagram closes the 2022 first quarter strongly with two sales wrapped up by the end of the first month of the year and another since. The successful sale of a prominent high exposure development site on the…
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Property boom hasn’t helped owner-occupiers
Despite property prices rising at a rapid rate in the past two years, a leading economist said the house price boom hasn’t necessarily been a good thing for all owner-occupiers.
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Sherrie Storor: One size doesn’t fit all
Agents looking to build their profile, convert more appraisals to listings, grow their team and streamline their business processes and strategies have a wealth of knowledge waiting for them in an array of workshops from one of the real estate industry’s top coaches.
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Elon Musk unloads his $130 million property portfolio
After declaring he would “own no house”, billionaire entrepreneur Elon Musk has made good on his promise and successfully unloaded his entire US$130 million property portfolio.
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The Australian suburbs facing a rental crisis
South Australia, NSW, and Tasmania contain the most suburbs desperate for more rental stock with many locations now seeing zero per cent vacancy rates, according to new research.
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Funding to help bring city streets back to life
The grant program will encourage communities and businesses to transform the city with creative collaborations which result in an economic boost. The Announcement: Local neighbourhoods in the City of Sydney are set for an economic boost thanks to a new $4 million grants program. The City of Sydney has developed a new precinct activation program to fund businesses and creatives…
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First National trailblazer moves to Wollongong CBD
First National Real Estate Brailey Figtree has rebranded as First National Real Estate Wollongong, which coincides with exciting growth plans. The Announcement: First National Real Estate has today announced that one of Wollongong’s leading women in real estate has rebranded and moved her business from Figtree to Wollongong’s CBD, in a move that cements an Illawarra family success story. Principal…
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Looking after the welfare of his team: David Gray, Elders Lismore
When floodwaters swept through Lismore and much of the Northern Rivers, David Gray’s thoughts turned to his community, but as the principal of multiple offices, his priority was the welfare of his team.
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More Aussies intend to buy a home
A boost in home-buying intentions and increased spending on transport post lockdown are behind an increase in the CommBank Household Spending Intentions (HSI) index.
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East Coast floods to affect vacancy rates
The floods in Northern NSW could impinge on the state’s already tight vacancy rates according to industry experts.
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Auction volumes down by almost a third
Auction volumes have dropped by almost a third this week, but it is not recent flooding in Queensland and New South Wales that is the culprit but rather long weekends in four capitals.
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Belle Property Escapes opens in Adelaide
Belle Property has announced the expansion of its premium holiday rental service, Belle Property Escapes, to South Australia. Co-located in Belle Property’s Adelaide City office, the new service opens mid-March, led by long-standing principal, Calvin Lai and his award-winning team.
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Perth’s median property price grows $325,000 in 20 years
The Perth property market has grown steadily over the last two decades with the median house price increasing by $325,000 in 20 years.
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Propps and First National partner up to streamline buying and selling
Proptech innovator Propps and the 350+ office First National network have joined forces to make the Propps digital offer management platform available to First National agents and their customers everywhere, streamlining the property transaction process for everyone.
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NAB cuts its variable home loan interest rate
Tight competition between the big four banks has seen NAB cut its variable home loan interest rate by 0.1 per cent to 2.19 per cent, although the change is only for new owner-occupiers.
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Reserve Bank of Australia deputy governor resigns
Guy Debelle will join Fortescue Future Industries in June as its chief financial officer. The Announcement: Deputy Governor, Guy Debelle, announced today that he was resigning from the Bank, effective Wednesday, 16 March. Dr Debelle will be taking up the position of Chief Financial Officer of Fortescue Future Industries in June. He said: ‘I am honoured and privileged to have worked…
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Helping Indigenous tenants achieve a successful tenancy
The implementation of local Indigenous staff and creating connections with health and community services can help indigenous Australians have more successful tenancies, new research has found.
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The ‘mass devastation’ in Lismore revealed
In Lismore, Ray White’s office was among the businesses inundated with flood water, but principal Neil Scott’s focus isn’t on the personal impact. His thoughts are firmly with his community. Video courtesy of Ray White. Widely considered ground zero of the recent flood event, Lismore endured unprecedented levels of flooding throughout the township. In a video from the front of…
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realestateview.com.au partners with Settle Easy
The partnership will help Australians with their conveyancing needs at the pointy end of their property purchase. The Announcement: Settle Easy today announced a significant partnership with realestateview.com.au to integrate their market leading conveyancing services into the realesateview.com.au buyer journey. This will help millions of Australians with their conveyancing needs at the pointy end of their property purchase. realestateview.com.au reaches…
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Housing affordability stretching homeowners to the limit
It’s tougher than ever to afford a home with new data showing the proportion of income needed to pay off a mortgage has risen to 37 per cent.
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The legal must-haves of going out on your own
When it comes to starting a business, there’s a lot to get your head around, but nothing more complicated – or important - than the legal ins and outs.
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