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INDUSTRY NEWS
Renewable energy plants could boost property prices
Building renewable energy plants could help increase the value of nearby property prices, according to a new report.
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BTW
Ray White Bundaberg business owner puts roots down in Bargara
After starting Ray White Bundaberg with just "two milk crates and a couple of phones" six years ago, Warren Hitzke is expanding to open his second business - Ray White Bargara.
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INDUSTRY NEWS
Borrowers “scrambling” to refinance in record numbers
Rapidly rising interest rates and higher living costs are pushing record numbers of borrowers to refinance their home loans.
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INDUSTRY NEWS
Joe White elected new REIWA President
REIWA has elected Joe White as the institute's new President, after serving two years as Deputy President.
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BTW
Richard Matthews Real Estate goes above and beyond in fundraising effort
In the past 14 months, Richard Matthews Real Estate has raised and donated $40,000 to Beyond Blue and $20,000 for Ovarian Cancer Australia.
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INDUSTRY NEWS
Rents hit record highs again as units outpace houses
Rents have hit record highs across the country again, with unit rents rising much faster than houses.
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INDUSTRY NEWS
New listings 15 per cent below the long-term average
Despite rising interest rates and falling prices, homeowners are not rushing to sell.
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INDUSTRY NEWS
Slower start to spring for new listings but what’s to blame?
The extra public holidays in late September have contributed to a slow start to spring for sellers, with new listings 7.5 per lower than the prior month.
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Real Estate News
Laing+Simmons appoints new head of property management
Laing+Simmons has appointed a Head of Property Management for the first time to lead its new in-house property management training program to build property managers’ skills and stop the ‘churn and burn’ typically associated with the industry.
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INDUSTRY NEWS
Little Hinges lands partnership with industry heavyweights, Ray White
Little Hinges have inked a deal with Ray White Surfers Paradise to ensure every new rental property features a virtual tour as part of their property management package.
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INDUSTRY NEWS
Housing market passes ‘peak fear’ phase
Australian property markets have passed their “peak fear” phase and are expected to bottom out in the new year according to an expert.
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BTW
Turner Real Estate launches Turner Prestige
All Turner Prestige properties will be part of a smaller, single portfolio managed by dedicated Prestige portfolio manager Sandra Pallis.
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Real Estate News
New program to unblock local housing backlog
The NSW Government has announced an $11.5 million Unblocking Homes Program that will help fast-track the delivery of tens of thousands of homes tied up in local council red tape.
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INDUSTRY NEWS
Consumers start to cut spending as rates rise
Rising interest rates and high inflation, are starting to hit the hip pockets of consumers with new data showing people are cutting back on their spending.
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BTW
Raine & Horne shores up its reach with the launch of a new Turramurra office
Raine & Horne has added another office to its expanding network on Sydney's North Shore that will be led by Louisa Liu.
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BTW
Property Council Chief Executive Ken Morrison to step down
The Property Council of Australia has announced Chief Executive Ken Morrison will leave the organisation in December to pursue other career opportunities after eight years in the role.
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INDUSTRY NEWS
Different to offer property management as-a-service
Australian proptech :Different, has announced the launch of an all-in-one property management solution, :Different for Agencies.
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Real Estate News
NSW Government announces offer for first home buyers to swap stamp duty for ongoing land tax
From January 2023, eligible first home-buyers in NSW will be able to choose between annual land tax and the upfront stamp duty. The scheme, called First Home Buyer Choice, includes an online calculator that will help buyers compare their options. For properties with a purchase price of between $650,000 and $1.5 million, buyers will have the choice of a smaller…
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WEIRD AND WONDERFUL
The latest tech gadgets real estate could use
If there’s one thing real estate agents don’t have a lot of, it’s time. Productivity is key to a successful career, and there’s a few new tech gadgets that might help in that department. Take a look.
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INDUSTRY NEWS
Further rate rises likely in New Zealand: CoreLogic
Rising inflation in New Zealand will likely mean more interest rate rises ahead according to CoreLogic. CoreLogic NZ Chief Property Economist Kelvin Davidson said the fact that inflation had not yet slowed down and that the Reserve Bank of New Zealand considered the case for a 0.75 per cent rise should indicate further tightening ahead. “The past few weeks have…
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INDUSTRY NEWS
Rising interest rates lead to a surge in refinancing
Homeowners are refinancing their mortgages at record levels as the impact of rising interest rates start to take hold.
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BTW
A new-look LJ Hooker Double Bay set to revitalise Sydney’s east
Alon Beran and Aaron Del Monte are passionate about property, business, and their staff – they are committed to nurturing their team to success. The Announcement: One of the most recognised names in Sydney real estate is back with the opening of a dynamic new team at LJ Hooker Double Bay. New principals Alon Beran and Aaron Del Monte are…
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Real Estate News
Sydney vacancy rates hit the lowest on record
Sydney's vacancy rate has dropped to a record low of 1.1 per cent, with the number of available rental properties more than halving in the past year.
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INDUSTRY NEWS
Affordability continues to cause problems for first home buyers
The surge in home prices over the past few years continues to make it more difficult for first home buyers to get into the market. Finder’s First Home Buyers Report 2022 has shown that those people currently looking to buy rated affordability as their top factor in selecting a home, followed by access to public transport, proximity to shops, and…
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INDUSTRY NEWS
Perth rental stock hits the lowest level in 12 years
Perth rental volumes continue to plummet, with new data showing the number of available properties has reached a 12-year low.
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APPOINTMENTS
The Agency fortifies corporate team with new appointments
National real estate brand The Agency has made a series of strategic appointments across marketing and agent support that will underpin its next growth phase. These appointments include a chief marketing officer (CMO), head of brand, and head of agent experience, with the group dedicated to offering the highest quality experience for agents and their clients. The new marketing team…
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BTW
2022 brings success for WA’s top agent
Ray White Dalkeith | Claremont principal Vivien Yap has become the first agent internationally to reach Ray White's top performer ranking of Chairman's Elite.
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INDUSTRY NEWS
Prevent burnout with new property management tools
Property managers are calling time on the real estate industry, struggling to cope with busy workloads and poor access to tools and resources needed to succeed.
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INDUSTRY NEWS
Lending to build new homes slows down
Rising interest rates continue to weigh on housing finance, with new data from the Australian Bureau of Statistics showing a decline in August.
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Real Estate News
Rents rise at fastest quarterly pace on record
Rents have risen at the fastest quarterly pace on record, soaring 4.3 per cent nationally in the three months to September.
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BTW
Andrew Meehan elected REIV President
Mornington Peninsula real estate agent Andrew Meehan was yesterday elected as President of the Real Estate Institute of Victoria (REIV) for the next 12 months.
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Real Estate News
Major banks to pass on full RBA rate hikes
Australia’s big four banks have been quick to pass on the Reserve Bank of Australia’s 25 basis point rate hike in full to their variable mortgage customers.
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Real Estate News
New Zealand estate from Lord of the Rings for sale
A stunning country estate towards the bottom of New Zealand’s north island, where scenes from Peter Jackson’s Lord of the Rings trilogy was filmed, is on the market for US$5.2 million.
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BTW
McGrath acquires stake in top performing franchise
McGrath Managing Director and Chief Executive Officer John McGrath said the acquisition is in line with their strategy of investing in quality businesses and partners. The Announcement: McGrath Limited (ASX:MEA) (McGrath, Company or Group) today is pleased to announce that it has acquired a 30% stake in its Central Coast franchisee, McGrath Central Coast, from principals Jaimie Woodcock and Mat…
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INDUSTRY NEWS
Regional property values set to benefit from the renewable energy boom
Australia’s focus on renewable energy will see a number of regional property markets across the east coast benefit from rising prices and long-term capital growth.
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