Real Estate News
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Industry offers recommendations to address housing supply
Both the Real Estate Institute of Australia and the Property Council have offered their take on how to address Australia’s housing supply shortage.
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More choice expected for home buyers
Following a lengthy period of demand far exceeding supply, home buyers can expect more choice over the coming months, with rising auction volumes and thousands of new listings across most of the country, as COVID-19 restrictions ease.
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Stone Real Estate Epping expands with new merger
WigginsKeenan Real Estate has merged with Stone Real Estate Epping, expanding the office’s team and rent roll. The Announcement: Just months after opening, Stone Real Estate Epping has grown further, thanks to a merger with local office WigginsKeenan Real Estate. After a very successful five years, WigginsKeenan announces this week it would be merging with the Stone Real Estate office…
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Belle Property St Kilda expands with new Brighton office
Belle Property St Kilda will open a new office in Brighton where the co-directors will lead a team of 40 across the city of Melbourne. The Announcement: Belle Property’s award-winning St Kilda team is opening a new office in Brighton this week, expanding its reach across Melbourne’s south. Co-directors Sam Inan and John Manning, who bring more than 30 years…
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Rental Management Australia rolls out MRI PropertyTree
Low housing supply is pushing rent prices up, with the biggest increase in Perth according to MRI Software. The Announcement: Rental Management Australia (RMA) has now implemented AI-led PropTech from MRI Software to digitise many of its property management services and improve efficiencies. The largest residential asset manager in Western Australia, with offices also in Victoria and Queensland, RMA is rolling out MRI PropertyTree and MRI…
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Leading rent roll broker joins businessDEPOT Agency Broking
We’re excited to announce we will be partnering with Dean Yeo to help strengthen our offering for real estate businesses [including those buying or selling their business in Queensland or Northern NSW].
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Victoria breaks land price records with lots over $300,000
Land prices in Melbourne’s key growth corridors have experienced strong growth, increasing by 7.7 per cent over the year, with lots in almost every municipality now valued higher than $300,000.
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John Minns appointed as first NSW Property Services Commissioner
Former Independent Property Group Managing Director John Minns has been appointed as the first Property Services Commissioner for NSW, in a move to support the $100 billion industry and its consumers.
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New REINSW president Peter Matthews takes the reins
Peter Matthews, Founder & CEO of Realtair, today begins a two-year tenure as President of the Real Estate Institute of NSW (REINSW). Mr Matthews takes the reins from Leanne Pilkington, CEO and co-owner of the Laing+Simmons network, who remains on the REINSW Board.
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Snug and Zango integrate to make renting easier and faster
"In the highly competitive Canberra rental market speed counts. As a modern, vibrant property portal with an unwavering focus on user experience and customer service, Zango is delighted to partner with Snug to expand upon our platform's digital agility to reliably and conveniently connect people with places" said Zango CEO, Darryn McRae.
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UrbanX partners smash $100M+ in Sales over 12 Months
Australia’s fastest-growing platform for high-performing agents, UrbanX, has celebrated two agent partners reaching $100M in sales over the last 12 months.
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Buyers waiting for price reductions will be disappointed
The Reserve Bank of Australia has made it clear it wont be increasing the cash rate soon, causing a high demand for houses from investors. The Announcement: Interest rate risk overstated Property buyers waiting for promised price reductions will be disappointed, according to Pete Wargent, co-founder of Australia’s first national network of property buyer’s agents, BuyersBuyers. Mr Wargent said, “low mortgage rates are still attractive for…
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Sydney house prices to reach new heights in 2022
House prices are expected to surge as domestic borders open and international travel resumes, according to experts surveyed by financial comparison site, Finder.
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Regional property markets predicted to outperform capital cities in 2022
Regional property markets will be the ones to watch in 2022, according to Canstar’s inaugural Rising Stars Report, which identifies the top suburbs for future price growth.
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Colliers seals multimillion dollar Queensland deals
Colliers has negotiated two multimillion dollar commercial deals in Queensland, including a record-breaking $22 million industrial sale, and the acquisition of a rare residential in-fill site.
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Crypto tokens welcome all global property investors
The Real Estate industry is buzzing as international properties can now be bought and sold using cryptocurrency tokens.
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RBA keeps cash rate on hold but rise likely in 2023
Despite a rise in inflation, the Reserve Bank of Australia has again opted to keep the official cash rate on hold at 0.1 per cent, issuing an optimistic forecast for the economy over the coming months.
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Harcourts Australia appoints Adrian Knowles as chief executive officer
Leading real estate brand Harcourts Group Australia has today announced the internal appointment of a new national CEO in Adrian Knowles.
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Housing affordability declines as investors flock to COVID-free states
New loan commitments for housing have fallen, particularly in COVID-ravaged states, as housing affordability continues to decline.
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Domain appoints new chief product officer Nathan Brumby
Today Domain, a leading property marketplace, has announced the appointment of Nathan Brumby to Domain’s Executive Leadership Team in the role of Chief Product Officer.
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New guide helps real estate agents master digital marketing
Australians spend 1.46 hours on average a day on social media and 20.5 million of us use Facebook in this country, yet most agents have not fully embraced the power of social media as an advertising tool.
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McGrath expands its reach across Greater Western Sydney
McGrath West Group lead by Kon Stathopoulos today announced the expansion of its Greater Western Sydney operation.
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Homely launches new brand positioning in national marketing campaign
Australia’s fast-growing property portal, Homely.com.au, has launched its new brand positioning ‘More than real estate’ with a multi-channel campaign via a number of key media partners.
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Investments and carbon reduction all part of REA Group’s sustainable year
Despite unpredictable economic and social conditions created by the global pandemic, REA Group has remained committed to its Environment, Social and Governance (ESG) obligations, adopting new technology and innovation to continue positive forward progression.
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Spring selling sees surge in Perth listings
The number of houses on the market has jumped across Perth as sellers ‘take advantage of Perth's strong market conditions.’
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Simon Watts comes out tops in Openn’s agent performance report
Northern Territory agent, Simon Watts of Real Estate Central has taken out the top spots for Highest Total Value of Property Sold and Highest Number of Listings, in Openn’s first quarterly agent performance report of the new financial year.
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Belle Property expands its footprint across Sydney’s Eastern suburbs
Belle Property has today announced the opening of a new office in Potts Point, headed up by leading eastern suburbs Principal Mark Foy.
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Clearance rate slips below 80 per cent as auction volumes surge
This week again proved busy for auctions, with CoreLogic tracking 3524 auctions across the major capitals.
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Ray White NSW and ACT celebrates its 2021 winners
In these COVID-safe times, Ray White held yet another zoom awards for its New South Wales and ACT network this year, but it was no ordinary experience for the 1,000 members watching on.
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Values alignment – why supporting a charity is more than doing the right thing
We’re about to launch in to a full month dedicated to raising funds for Make-A-Wish.
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REA Group backs stamp duty exemptions supporting City of Melbourne
REA Group has announced a new partnership with the City of Melbourne to help bring to life the council’s latest campaign, ‘This is Your Local’.
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‘Lifestyle industrial’ the latest trend in Australian real estate market
The days of industrial precincts being an ‘avoid at all costs’ area for residential property are over with “lifestyle industrial” flagged as the standout new trend in Australia’s real estate market.
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Hobart median house price hits the $1 million mark
The record run of house price growth across Tasmania has seen many inner-city Hobart suburbs hit the exclusive $1 million median price for the first time.
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Domain appoints new Chief Marketing Officer Rebecca Darley
Today Domain, a leading property marketplace, has announced the appointment of Rebecca Darley to the role of Chief Marketing Officer, effective 7 February 2022.
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Haunted Halloween homes for sale
With Halloween right around the corner, there’s plenty of interest in some of the most haunted homes from around the world.
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