Real Estate News
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Brisbane named best city to work from home
Brisbane has been named as the best city in the world to work from home with its average temperature of 22 degrees considered ideal for productivity. The Queensland capital also scored highly for its cost of living and its strong healthcare system in the WORKATION Index. Prepared by digital learning platform Preply, the Index examined the 74 most populated cities…
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Local experts open Ray White Rural Boonah and Kalbar
Davin and Janine Geck have opened their own business with Ray White due to their love of the country and passion for rural property sales. The Announcement: Local property experts Davin and Janine Geck are excited to open their own business Ray White Rural Boonah | Kalbar, backed by the largest property group in Australasia. The Gecks, who live in…
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Homely and Ray White celebrate Australia’s leading ladies of real estate
Homely is proud to announce its sponsorship of the ‘Leading Ladies of Real Estate' event in Queensland, hosted by Ray White.
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ANZ forecasts house price fall in 2023
House prices look likely to peak in December at their strongest growth rate since the 1980s, before dramatically slowing down in 2022 and falling in 2023, a new forecast shows. The ANZ Australia’s Housing Rolling Over report shows price growth is set to peak at just above 21 per cent in December 2021 before starting to wind back. “This would…
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Mark McLeod named Ray White Group’s new Chief Strategy Officer
Ray White’s long-time Chief Executive of Growth, Mark McLeod has been named the Group’s new Chief Strategy Officer for Real Estate.
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PropTrack data shows just how hot the market is right now
REA's PropTrack has released its market outlook for November, noting listing volumes increased across the country throughout October while property prices also continued to rise.
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More than half of first home buyers are going solo
First home buyers in New South Wales are seeking a home not an investment, with more than half going it alone, according to new data. The latest InfoTrack Property Market Update revealed in the year to October’s end, 84 per cent of NSW first home buyers purchased either a house (47 per cent) or a strata property (37 per cent)…
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Open borders to spark Melbourne suburban boom
Demand for homes in Melbourne’s inner suburban rim is set to skyrocket when international borders open, according to property expert, Mark Dawson. The Urbis Director, who featured in the Dye & Durham Future Property & Development Insights Virtual Roadshow Series, said while a sea or tree change had been the focus of many buyers in the past 12 months, a…
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How competitions could land your business in hot water
Competitions are a sure-fire winner when it comes to attracting customers, building brand awareness, and increasing traffic - especially during the holiday season.
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Queensland agents roll up their sleeves for REIQ Red Cross Lifeblood challenge
The REIQ has announced the winners of their recent Real Estate Blood Challenge after 694 blood and plasma donations were received.
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Fifth busiest auction week on record
The combined capital cities have enjoyed their busiest auction week since late March and the fifth busiest since CoreLogic records commenced in 2008, with 3725 properties going under the hammer.
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NZ vendors achieve record profits
More than 99 per cent of New Zealand vendors sold their property for more than the original purchase price in the three months to September, according to new data.
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McGrath on track for stellar half-year
The McGrath Group has released a trading update, indicating the group expects to enjoy net earnings of between $10 million and $11 million for the first half of the 2022 financial year.
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Home building boom to continue in 2022
Australia’s home building boom is set to continue throughout 2022 despite the cost of labour and materials rising and pushing the cost of a new home higher.
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Agent numbers surge for Area Specialist
Real estate agency platform, Area Specialist, has had a record couple of months, with 21 agents signing up to join the unique system.
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Richard Matthews Real Estate claims local business award
The accolade comes after the agency raised and donated $20,000 to Beyond Blue amid Sydney’s lockdown and broke suburb selling records. The Announcement: Last night at The Inner West Local Business Awards Gala, Richard Matthews Real Estate was recognised as the Most Outstanding Real Estate Agency in the Inner West of Sydney. In a year characterised by a 107 day…
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Increasing property prices see stamp duty skyrocket
Property prices have soared throughout the pandemic, as more Australians seek to achieve work/life balance, relocating to lifestyle locations in droves.
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Online auctions here to stay, as volumes surge this weekend
Australian capital cities are set to have their busiest auction week since late March, and their fourth busiest week since CoreLogic records commenced in 2008. This week 3810 homes are expected to go under the hammer – double the volumes recorded this time last year. Continuing the upward trend seen since early October, Sydney is set to host 1439 auctions…
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Childcare centres the latest hot property for investors
Demand for childcare centres is swiftly increasing with investors attracted to high leasing rates, long-term tenancy options and reassurance that the industry is an essential service. Colliers Associate Director, Melbourne Metro Sales, Ben Baines said childcare assets were one of the most highly sought in 2021. “Nationally this year, in excess of $200 million worth of childcare assets have transacted,…
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Liz Todd launches boutique agency on the Mornington Peninsula
High-end agent, and well-known member of the Mornington Peninsula community, Liz Todd has taken the next step in her career and launched her own business, Coastal Agents, powered by UrbanX.
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Market Buy appoints John Hellaby as new CEO
The online offer pioneer, Market Buy, has announced the appointment of John Hellaby as its new Chief Executive Officer.
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Raine & Horne on the Rhodes to success with new Olympic Park office
The new office will offer sales and property management services to the growing inner western Sydney areas of Rhodes, Olympic Park and Wentworth Point. The Announcement: In a significant win for Raine & Horne, a major independent office servicing the rapidly expanding Olympic Park and Homebush Bay region of Sydney, has joined the rapidly expanding real estate group. Raine &…
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Ray White Victoria and Tasmania celebrates its 2021 winners
Ray White Balwyn Principal Helen Yan was named the number one principal for the fourth year in a row. The Announcement: More than 2,000 members tuned in online for the annual Ray White Victoria and Tasmania awards last night to celebrate the top offices and individual achievers throughout the leading network. Ray White Victoria and Tasmania CEO Stephen Dullens said…
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Metro Adelaide sets new record for median price
Metropolitan Adelaide has recorded a record-breaking median price increase of 13.82 per cent year-on-year, up 3.7 per cent from the previous quarter, according to new data. The new median price for the region has climbed to $560,000, which is also a record, the data revealed. The Real Estate Institute of South Australia’s Valuer-General’s price data for the 2021 September quarter…
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South Sydney flagged as emerging commercial hot spot
An increasing number of small businesses are basing their offices closer to employees, as the state emerges from lockdown fatigue, according to property expert and Urbis Regional Director, Princess Ventura. Ms Ventura, who will feature in the upcoming Dye & Durham, Future Property & Development Insights Virtual Roadshow Series, said some businesses were spreading their operations across multiple offices to…
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Return of international students welcome news for investors
The impending return of international students will be welcome news to Sydney investors, particularly those with apartments near the city’s universities. With most Sydney residents now vaccinated against COVID-19, the NSW Government has announced hundreds of international students will be permitted to return from as early as December, with tens of thousands to follow in 2022. Century 21 Eastern Beaches…
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REA Group completes transaction to sell Hong Kong assets
REA Group has completed a transaction to sell its Squarefoot.com.hk business assets in Hong Kong to 28Hse, a Hong Kong online real estate listings portal.
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Cash or crypto: vendors accepting Bitcoin ‘a natural progression’
A unique sprawling property, including a beach-house, studio and its very own island, has been listed for sale, with buyers offered the choice of cash or cryptocurrency when it comes to making payment.
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Rexfest Live shares the secret to leveraging digital marketing
Internet users are spending almost two and a half hours on social media every day, according to information revealed at Rexlabs’ second Rexfest Live event, providing a huge, and largely untapped, opportunity for real estate professionals.
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Gold Coast property market pressure ‘some of the highest in the country’
Gold Coast property prices have surged since the start of the pandemic, following a decade of steady growth. Property market pressure in the region is now some of the highest in the country, according to a new Market Pressure Review Report. The data, released by InvestorKit, showed Broadbeach – Burleigh experienced the most significant growth, with property prices increasing 38.2…
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APRA tells standing committee its role is not to target house prices
The Australian Prudential Regulatory Authority (APRA) has appeared before the Standing Committee on Tax and Revenue, outlining its role in the financial regulatory system.
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Final countdown before AREAs submissions close
REA Group customers have until midnight Wednesday 17 November to finalise submissions for the Annual REA Excellence Awards (AREAs).
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REIA awards to be held in Melbourne to support Victoria’s recovery
The Real Estate Institute of Australia will hold its annual National Awards for Excellence in Melbourne next year, where they will celebrate outstanding community and industry contribution. The Announcement: Real Estate Institute of Australia (REIA) will hold its coveted annual awards ceremony in Melbourne next year in a bid to support Victoria’s recovery after lockdown. The esteemed event will be…
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REIWA joins forces with The Salvation Army to bring Christmas joy
Agents across Western Australia have teamed up with the Salvation Army to help bring joy to families who struggle with the extra pressure of Christmas. The Announcement: REIWA and its agents are once again proud to be throwing support behind The Salvation Army’s Annual Christmas Appeal and are urging all West Australians to donate to this worthy cause. The festive…
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Rising interest rates won’t burst the property market
Interest rates don’t create property booms or busts, according to new research by the Property Investment Professionals of Australia.
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