Real Estate News
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Five Australian cities among world’s best for luxury residential price growth
Five Australian cities have ranked in the top 30 cities around the world for luxury residential price growth, according to the latest global research from Knight Frank. The Knight Frank Prime Global Cities Index – Q3 2019, which tracks the movement in prime residential prices across 45 cities worldwide, revealed Sydney was ranked 17 for luxury price growth, followed by Melbourne…
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Program set to benefit agents who help other agents
@realty is launching an Australian first-of-its-kind revenue sharing program which will pay it forward to agents who bring others to the network. The @realty Ambassador Program offers agents who are instrumental in bringing on other agents to @realty a passive income from the sales the new agent makes, without impacting the new agent’s income. Directors James and JJ Taylor said…
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Century 21 opens new Sunshine Coast office
Century 21 has celebrated the opening of its newest Queensland office, Century 21 Living Local in Woombye. Led by Principal Gary De Paoli, who has more than 15 years’ real estate experience, Century 21 Living Local will service clients in the Sunshine Coast region of Queensland. Mr De Paolo’s agency Riddell Real Estate has been selling and managing properties within…
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Short-term PM platform Guesty arrives in Australia
Israeli-born short-term rental property management platform Guesty has announced its Australian debut. The launch will expand Guesty’s presence to 11 global centres throughout Europe, UK, US, Middle East and now Australia, with plans for further entry into Asia Pacific cities including New Zealand, Singapore and Hong Kong. Guesty has identified Australia as a key market with short-term rentals on the…
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AI agent sells new luxury address in Western Sydney
The new Nepean Rise luxury apartment project in Jamistown, just moments from Penrith CBD, is being sold by Emma. Emma is the country’s most advanced virtual selling agent, with a depth of AI learning capacity drawn from a bigger data lake than any other real estate bot has ever been powered by. Laing+Simmons Projects, in…
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“Aussie” Harcourts Auctions to launch in San Francisco
Harcourts International has announced the launch of Harcourts Auctions in the San Francisco Bay area. Previously only available to Harcourts, this move will mean the Harcourts Auctions platform will now be a service model available to all brokerages and brands within the Northern California region. Known for changing mindsets when it comes to the concept of sale by auction of…
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Ray White and Loan Market to launch into Fremantle
With the strength of Australasia’s largest real estate brand behind them, Brett and Julia Oliver, Candice Geiles and Robert Crawford are excited to be opening the first Ray White and Loan Market collaboration in the heart of the port city business district. With over 20 years experience in the real estate industry, Brett Oliver says…
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Agents join forces to lead future of real estate in Essendon
The Moonee Valley real estate market is set for a shake-up as two of the area’s prominent agents join forces to become Jellis Craig Essendon. The Essendon team will be led by existing Jellis Craig directors John Morello and Simon Mason alongside former Considine Real Estate director Chauntel Considine and former Frank Dowling Estate Agents partner, Christian Lonzi. The long-established…
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Stu Benson to spearhead Box+Dice national growth
Melbourne-based CRM software provider Box+Dice is preparing to go national with well-known auctioneer Stu Benson set to spearhead their push for growth. Box+Dice General Manager Ashley Blakey explained the business had established a clear market leadership in Victoria and was now looking to expand their market share on a national level. “At the moment our numbers indicate we have about…
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Domain announces acquisition of Real Time Agent
Domain has entered into a binding agreement to acquire Bidtracker Holdings, which operates the business Real Time Agent. The on-target consideration for the proposed transaction is $24.8 million, $19.4 million of which is payable in cash on completion. An additional amount of between $0 and $15.6 million in cash is payable based on the achievement of defined targets over FY20…
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Percy Eccles joins the Professionals network
Long-time Warrnambool realtor Percy Eccles has joined the Professionals network in a move aimed at keeping pace with growth in the local property market. Mr Eccles, best known as the principal of Percy Eccles Real Estate, has assembled an expanded team to operate under the Professionals Warrnambool banner from November 4. The office, to be…
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Stone Real Estate opens in Brisbane
Stone Real Estate has made its first foray into the Queensland capital, with a North Brisbane agency joining the brand. Led by directors Tristan and Samantha Rowland, Stone Real Estate Aspley commenced trading on November 12. The move is as significant for the couple as it is for Stone Real Estate. Principal, Tristan Rowland, has held the number one agent…
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Ray White’s 2019 Elite Conference looks to the future
This year more than 130 Ray White Chairman’s Elite and Elites jetted to Bali for their annual retreat, but this year, the agenda was developed by the group’s high performing members. Ray White Head of Performance Management Adam Downes surveyed the elite sales people before the conference to determine which topics of discussions were prioritised.…
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Soho releases Tinder-type property match
A social network for property hunting has launched a Tinder-type property match feature that gives users the power to swipe yes or no on real estate listings. Soho launched the new feature on SohoApp.com four weeks ago and CEO Jonathan Lui said the number of swipes has grown 30 times. He predicts at this pace, it could overtake traditional search…
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Managing agent appointed for Aspen’s $20 million Perth rental portfolio
Accommodation provider Aspen Group has invested in 84 properties in the Perth real estate market, appointing The Agency as sole property management provider for the $20 million investment. The deal marks a significant uplift in The Agency’s Perth portfolio from 1,025 to 1,109 and takes the national property management portfolio to 4,671. From January to the calendar year to date,…
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Elders Real Estate wins coveted Canstar award
Elders Real estate has won the prestigious Canstar Blue’s 2019 real estate agents review for most satisfied customers, coming out with top marks in communication, problem resolution, knowledge, advice and overall satisfaction. The Canstar Blue’s 2019 real estate agents review is based on the results of a survey of hundreds of customers who have used an agent for buying, selling,…
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Award-winning agent joins OBrien
Victorian based group OBrien Real Estate is set to change the face of the industry in Melbourne’s South-East corridor with the help of one of the local area’s most trusted faces. Multiple award-winning and respected agent Dinesh Raghu, who has worked in the area for almost a decade, said he was excited to join the network and looking forward to…
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New owner takes over Ray White Braidwood
Mitchell Smithers has taken the reins of Ray White Braidwood after spending two years as a sales agent in the business. A born and bred local of nearby Araluen in the Southern Tablelands of NSW, Mr Smithers was thrilled to be taking the next step into business ownership and will continue to offer the same personalised service he has become…
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RBA can take a summer holiday
Positive economic signs and a federal government push for banks to relax lending standards for small business will give the Reserve Bank of Australia (RBA) a break from cutting official interest rates, according to leading mortgage aggregator Finsure Group. Finsure Managing Director John Kolenda said with the cash rate reduced to a record low of 0.75 per cent, the RBA…
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The RBA keeps interest rates on hold at 0.75%
The Reserve Bank of Australia has kept interest rates on hold at 0.75 per cent at its November meeting. After three cuts since June which saw the official cash fall from 1.5 per cent, the odds of a cut were low. Headed into the meeting there was just a five per cent chance of a 25 basis points cut, with…
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Domain Test Stadiums are ‘open for inspection’
Domain, naming rights partner of the Men’s Test series, is celebrating Australia’s two national obsessions, property and cricket by giving fans the chance to explore some of Australia’s most iconic sporting stadiums like never before. As part of a wider campaign, major Australian cricket stadiums will feature on Domain, offering an exclusive look behind the scenes – complete with property…
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Warkworth welcomes RE/MAX House
Warkworth real estate couple Ben and Nola Kloppers have moved their successful RE/MAX Realty Group into historic premises, recently relocating into the gracious Bank of New Zealand building on the corner of Neville and Warkworth Streets. RE/MAX House welcomes real estate customers to the lower floor of the heritage building, which was built around 1930 and is typical of the…
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Ray White Glenroy welcomes two commercial directors
Ray White Glenroy has welcomed two new commercial directors to the team as Dee Nguyen and Domenic Sgambellone join the family. Mr Nguyen joined Ray White as a business owner in 2017 before taking a year off after becoming a father for the first time and travelling overseas. “Commercial has always been an interest of mine, it’s a time in…
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Smart Cities Awards applaud innovation and impact
Thirteen winners have been applauded for their visionary leadership, best practice projects and real-world impact at the second annual Smart Cities Awards. Telstra and GWI partnered with Smart Cities Council Australia New Zealand to present the awards, which were held in Sydney as part of Smart Cities Week. “The 2019 winners of the Smart Cities Awards are delivering truly world-standard…
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A series of wins for Ouwens Casserly
Ouwens Casserly has notched up a series of successes, opening a new office at Kensington Gardens, and also receiving two awards for project marketing. Due to growth of Ouwens Casserly in the Eastern Suburbs, Mark Bressington and his team are now located at Shop 5/365 Kensington Road, Kensington Gardens, where he is able to service his clients even further by…
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Cobden & Hayson strategic merger
Inner West agency Cobden & Hayson has announced an amalgamation with Richardson & Wrench Leichhardt under the company’s Annandale banner. The Sulfaro family has run the successful Richardson & Wrench business for more than 30 years and has built an incredibly strong reputation based on old school values, hard work and dedication to their craft. Cobden & Hayson is thrilled that the younger generation…
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Introducing Laing+Simmons Oatlands/Carlingford
One of western Sydney’s most experienced agents, Ray Fayad, has joined Daniel Mourad as co-principal of the newly opened Laing+Simmons Oatlands|Carlingford. Mr Fayad, long-term principal of the powerhouse Laing+Simmons Parramatta and Granville offices in western Sydney, said the new office would enhance the service offering to the team’s growing customer base in the area locals affectionately refer to as Kingsdene.…
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@Realty heads north to complete national expansion
Real estate network @realty has completed its national expansion in Australia with its latest move taking the company to the Northern Territory. The company will continue to grow in regional, rural and metro areas throughout Australia as well as opening in New Zealand at the beginning of 2020. @realty, which was established on the Gold Coast just over five years…
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Brisbane property giants keep expanding
Powerhouse Brisbane inner city property specialists Haesley Cush, Matt Lancashire, Scott Darwon and Brandon Wortley are not content to rest on their laurels. Hot on the back of the news that the foursome recently began trading as Ray White Bulimba, the directors have since bought the Ray White East Brisbane sales business off industry icon David Price. Mr Price is…
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Matt O’Grady takes reins at Ray White Nambour
Well-known local agent Matt O’Grady has recently taken the reins at Ray White Nambour on Queensland’s Sunshine Coast. Mr O’Grady, who has worked in real estate sales from Noosa to Caloundra over the past 10 years, believed taking ownership of his own office was the obvious next step in his career. Mr O’Grady has bought the business from the previous…
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Melbourne and Sydney drive rise in house prices
House prices across the nation continue to move higher, getting dragged along by continued strength in both Sydney and Melbourne as house prices continue to rise. According to the latest data from the CoreLogic, it was Melbourne property prices that gained the most in the month of October, up 2.3 per cent – its strongest result since 2009, while Sydney…
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Better Homes and Gardens Real Estate opens first Qld office
Better Homes and Gardens Real Estate has expanded to Queensland with the first office in the state opening in Caloundra on the Sunshine Coast. The unique lifestyle brand has experienced consistent growth and maintained strong interest from industry professionals since its launch earlier in the year. Flagship offices have been established in strategic locations along…
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New Shelter Real Estate to focus on making a difference
This week, a brand new real estate agency is launching. Shelter Real Estate is opening its doors on Glen Iris Road, Glen Iris and is set to be a new brand of real estate. Renowned estate agent, Zali Reynolds, who has been in the industry for nearly two decades, brings her extensive corporate experience to…
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Adelaide’s tallest building celebrates ‘topping out’
The Kyren Group’s much anticipated $150 million Frome Central development - home to the Adelaidean and Crowne Plaza Adelaide - reached its pinnacle construction milestone ‘topping out’ as Adelaide’s tallest building today. Located diagonally opposite Lot Fourteen in Adelaide’s premier entertainment and cultural hub in the East End precinct, the magnificent mixed-use tower, which incorporates…
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Real Estate of Origin drives almost 7500 new appraisals
In less than four hours, Ray White agents this week drummed up 7401 extra appraisals across Australia and New Zealand, actively demonstrating how the leading group knows how to both harness its scale and have some fun along the way. Ray White’s inhouse tech team created a purpose built media room in the NSW Corporate…
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