Real Estate News
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Canberra auction clearance rates reached record high in April
Domain has released its Auction Report for April, showing clearance rates in Sydney and Melbourne have declined slightly after the multi-year highs of the previous month.
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Rent.com.au launches RentPay platform in Apple and Google Play stores
Rent.com.au has released its long-awaited RentPay platform to the public, with the application now available in both Apple and Google Play stores.
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Sorted and REIP team up for listing and applications platform
Proptech innovator Sorted has joined forces with leading Australian industry body Real Estate Industry Partners (REIP), to launch a free listing site and applications platform.
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PPM National Property Management Awards goes virtual
June’s PPM National Property Management Conference may have been postponed but the National Property Management Industry Awards are set to proceed virtually.
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Perth prestige property prices power ahead
Knight Frank has released its Prime Global Cities Index for the first quarter of 2021, which shows prime residential property prices are rising across the globe - and Australia is no exception.
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PropTech powerhouses join forces for seamless sales experience
The international marketing and print solutions reputation of both Diakrit and Printforce, paired with the world-class end-to-end sales solutions of Realtair, means a unique experience that agents can offer their vendors during the sales process.
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RBA leaves official cash rate at historic low at April meeting
The Reserve Bank has once again opted to leave interest rates at the historic low of 10 basis points at its monthly meeting on Tuesday.
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Netherlands researchers planning to print their way out of a housing crisis
Netherlands researchers have come up with a concrete solution to address the shortage of housing in the nation - by printing new dwellings.
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McGrath appoints Michael Murray as head of company sales
McGrath Estate Agents has announced the appointment of Michael Murray as Head of Company Sales for the group.
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Little movement on HTW residential property clock in April
Herron Todd White have released their April property clock, and there has been little movement in the residential sector.
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Australian housing values continued to grow in April
Housing values rose by 1.8 per cent in Australia in April, with monthly capital gains easing from a 32-year high in March, according to CoreLogic’s national home value index.
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US real estate market booming
Australia is not the only country experiencing a real estate boom in 2021, with new figures from the United States showing national median home values have reached a new all-time.
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Preliminary results show over 80 per cent of auctions successful
The preliminary clearance rate has again exceeded 80 per cent this week on the back of higher volumes.
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The Agency and Hawthorn Football Club join forces
The Agency is continuing to kick goals, with AFL team Hawthorn entering a commercial partnership with the company.
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Perth’s property management sector set to celebrate with June’s PM Collective Summit
Perth property management sector is set to celebrate its success, with an industry-specific conference scheduled for next month.
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Family vision: RE/MAX New Zealand welcomes first brother and sister owners
RE/MAX New Zealand has welcomed its first brother-sister ownership team, with Rozele and Ryan Singh taking the reins of the network's office at Westgate, in northwest Auckland.
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The Agency reports solid growth and GCI for March quarter
The Agency has released its operational and financial results for the March quarter, reporting solid growth in the first three months of 2021.
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Half of Australian homes will be cheaper to buy than rent over the next decade
A new report by REA Group has revealed more than half of homes will be cheaper to buy than rent over the next decade, based on current prices.
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House prices record steepest quarterly rise in 18 years
Australian house prices recorded their strongest quarterly increase in almost two decades in the three months to March, according to the latest Domain House Price Report.
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Openn Negotiation announces appointment of new directors
Australian PropTech innovators Openn Negotiation have announced the appointment of Wayne Zekulich as Non-Executive Director and Chair, and Danielle Lee as Non-Executive Director.
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The biggest Privacy Act mistake you need to avoid
Oh, no! You don’t comply with the Privacy Act as you have been told you don’t need to, but you have fallen into the biggest privacy trap out there.
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The Agency releases Autumn Property Report, issues interest rate warning
The Agency has just released its Autumn 2021 Property Report, with CEO Matt Lahood pointing out the combined capital city dwelling values rose by 2.8 per cent in March, the fastest rate in 32 years.
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Burwood’s ZOOM Real Estate unveils fresh new look to service Sydney’s inner west
ZOOM Real Estate in Burwood has long been at the forefront of the market in Sydney’s inner west and the agency has just unveiled its architecturally designed, new-look premises.
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Trans-Tasman bubble could lead to student rental resurgence
The trans-Tasman bubble between Australia and New Zealand could signal the start of a return to normal for city rental markets, according to Raine & Horne.
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McGrath’s momentum continues with strong predicted earnings
McGrath has announced its predicted earnings for the 2021 financial year, with the group’s underlying EBITDA expected to be more than four times what it was the year prior.
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PropertyMe welcomes Sarah Dawson as Chief Revenue Officer
PropertyMe has announced the appointment of Sarah Dawson to the role of Chief Revenue Officer. Joining the leadership team of the company, Sarah will play a key role in helping to guide PropertyMe through the next stages of its expansion. David Scott, one of the founders of PropertyMe, noted the addition of Sarah to the team is, “part of a…
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REA announces carbon neutral certification
REA Group has announced it is now a carbon neutral organisation after completing the Climate Active certification process for its FY20 carbon footprint. REA’s carbon neutrality was achieved with the introduction of initiatives that directly reduce emissions across the business and by offsetting 100% of the remaining carbon footprint. This year, REA has invested in carbon offset reforestation, renewable energy…
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Slight drop in auction volume and clearance rate
This week CoreLogic reported there were 2041 capital city homes taken to auction resulting in a preliminary clearance rate of 78.5 per cent.
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Capital city auction volumes set to dip slightly
Auction volumes look set to slow slightly this weekend, with 2099 properties expected to go under the hammer across the capital cities. CoreLogic’s National Auction Market Preview shows that number is down on the 2467 auctions held last week, but it’s still significantly higher than the 413 auctions run a year ago. Melbourne auction numbers are set to drop 23.6…
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Openn Negotiation surpasses $2 billion in sales
Online real estate sales platform Openn Negotiation has just celebrated a major milestone, announcing it has achieved $2 billion in property sales.
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The coast is clear for AREC’s return next month
This year’s Australasian Real Estate Conference (AREC) is kicking off next month, with 43 speakers from Australia and overseas booked for the two-day event on the Gold Coast.
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Dubbo’s SJ Shooter Real Estate drives community engagement to new high
Dubbo’s SJ Shooter Real Estate took the concept of community engagement to a new level last week, when they booked out the local drive-in to show their appreciation for their clients.
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Finalists announced for 2021 REIA National Awards for Excellence
The finalists for the 2021 REIA National Awards for Excellence have been announced, with this year’s event set to take place in Darwin in June.
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Kathy Mac Dermott and Chris Mountford step down from Property Council
The Property Council of Australia has announced the departure of two long-standing members of its executive team.
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Million Dollar Listing stars saddle up for move to Texas
American real estate company Douglas Elliman is expanding into Texas and it’s bringing some big guns with it, including Million Dollar Listing New York star Frederik Eklund.
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