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WEIRD AND WONDERFUL
Ellerslie proves popular with property viewers
One of Melbourne’s finest heritage homes has hit the market with a $19.5 million price guide.
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INDUSTRY NEWS
The Agency delivers double digit growth in FY22
A significant increase in the number of properties sold and gross commission income achieved has underpinned The Agency posting revenue of $72.7 million in the 2021-2022 financial year.
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COMMERCIAL
Retail property still trying to recover: HTW
The retail sector has had a difficult few years and now faces the headwinds of high inflation according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Vacant land sales activity continues to slow down: HTW
Vacant land sales continue to slow down across the country following a period of record high demand according to the latest Herron Todd White (HTW) Month in Review.
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COMMERCIAL
Demand for hotel assets increase as travel returns and occupancy levels rise
A rapid increase in domestic and international travel has pushed hotel occupancy rates up sharply and increased demand for hotel assets.
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INDUSTRY NEWS
Current US housing downturn not like pre-GFC
The current downturn in the US housing market might not be as severe as the 2007-2008 crash that led to the Global Financial Crisis.
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BTW
Top agent moves to Ray White Lower North Shore Group
John McManus says his and his team are looking forward to the new chapter. The Announcement: ONE of Australia’s top sales agents, John McManus, has joined as a director of Ray White Lower North Shore Group with long term plans for growth at the leading business. Mr McManus is an elite industry performer who has firmly established an enviable reputation…
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BTW
Coronis appoints new franchise director Sandy Taylor
Sandy Taylor is looking forward to building on the existing foundations and changing people’s lives for the better. The Announcement: The Coronis Group has appointed Sandy Taylor as the new Franchise Director to support its expansion plans and vision of becoming Asia-Pacific’s leading property services provider. Coronis CEO Andrew Coronis said he is thrilled with the appointment and highlights the…
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INDUSTRY NEWS
Is now a good time to buy a property?
Despite falling home prices and the prospect of a higher cash rate, now might still be the right time to buy, according to an expert.
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INDUSTRY NEWS
The fastest-selling suburbs across the country
Camden, in Sydney's southwest, is the nation's fastest-selling suburb, with three-bedroom houses snapped up after an average 14 days on market.
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BTW
Highland Double Bay Malouf instigates $34 million sales spree in Sydney’s most exclusive postcodes
There's much commentary about the property market cooling, but Highland Double Bay Malouf has seen demand for top tier prestige property remain fierce.
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INDUSTRY NEWS
Real estate developer builds voice-activated homes in Ghana
A real estate developer in Ghana has taken on the task of building a community of futuristic homes to help enhance the local neighbourhood.
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INDUSTRY NEWS
Property upswings trump downturns over the past 30 years
Upswings in Australian property have been larger and longer than the subsequent downturns where prices slightly decline or just flatline according to new research.
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INDUSTRY NEWS
One in five ACT landlords plan to sell if rental changes come in
Proposed changes to the Residential Tenancies Act in the ACT could lead to one in five investors selling their rental property.
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INDUSTRY NEWS
China crisis wipes out $90 billion from developers
Chinese property developers have seen the value of their stocks fall by US$90 billion as the China crisis worsens.
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COMMERCIAL
Lendlease is making a $350 million play for a famous Perth skyscraper
Lendlease is targeting a famous Perth skyscraper developed in the 1980s by infamous WA entrepreneur Alan Bond.
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INDUSTRY NEWS
Rent.com.au launches single-tap build-to-rent search functionality
Build-to-rent is set to revolutionise renting in Australia and Rent.com.au is the first portal to build a single-tap search filter to help renters locate and apply for the new developments.
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BTW
McGrath posts strong EBITDA result in FY22
Chief Executive Officer and Managing Director John McGrath is pleased with the results and said they reflect the group’s focus on growing market share and agent productivity. The Announcement: McGrath Limited (ASX: MEA) today announced strong results for the 2022 financial year, within the guidance range provided in May 2022. Results highlights: • Underlying Revenue1 of $112.4 million, a 1.3% increase…
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INDUSTRY NEWS
Home builders to weather the interest rate storm
Home builders are well positioned to handle higher interest rates, believing the events of the past two years have been more difficult to contend with.
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INDUSTRY NEWS
The value of new loans fell 4.4 per cent in June
The value of new home loans across Australia has fallen 4.4 per cent last month, continuing to soften from the peak of $33.2 billion in January.
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BTW
Battle Royale! Harcourts Game of Phones
Harcourts Game of Phones sees competitors calling and confirming as many appraisals as possible. The Announcement: Real estate royalty battled it out during Harcourts 2022 National Appraisal drive recently. ‘Harcourts Game of Phones – Appraisals are Coming’ saw agents, property managers and offices from across the continent compete for the crowning glories of being named ‘Greatest of Call Time’, ‘The…
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BTW
Huge day of Ray White Commercial auctions
Ben Faulks, Mark Thompson and Scott Stephens all achieved a 100 per cent clearance rate, selling five out of five properties. The Announcement: Ray White Commercial sold more than $16 million in property under the hammer on Thursday, with auction events at Canberra, Brisbane, and the Gold Coast. Overall, 15 properties went under the hammer, recording an auction day clearance…
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INDUSTRY NEWS
Regional prestige lifestyle areas the first to show weakness
Rampant house price growth in regional lifestyle areas, previously fuelled by Covid lockdowns, has started to turn, with the prestige market falling first.
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INDUSTRY NEWS
The areas where property price growth is still occurring
Despite property values starting to fall in the larger capital cities, there are still multiple locations around the country that are likely to still see price growth according to an expert.
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BTW
Three’s The Block NZ houses proudly marketed for sale by Ray White
Ray White’s Treena Drinnan said the properties are among the only fully-furnished options available in the current market. The Announcement: You’ve seen them on the screen, and now it’s time to view them in person and stake your claim on auction day. Ray White New Zealand is pleased to announce the four stunning townhouses from Three’s The Block NZ are…
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INDUSTRY NEWS
Cold, unhealthy rental homes don’t meet international standards
Australian renters are being forced to live in cold, unhealthy homes that aren’t meeting international standards on indoor temperatures according to a new report.
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INDUSTRY NEWS
Profitable resales start to fall across New Zealand
Profitable resales across New Zealand have started to fall as interest rates rise and a surge in listings weighs on the property market.
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INDUSTRY NEWS
AI digital assistant RiTA now integrates with PropTech Group’s Eagle CRM
PropTech Group's Eagle CRM is the newest addition to the list of CRM's digital assistant RiTA plugs into. The integration allows real estate agencies using Eagle CRM to generate more leads from their CRM and clean their data through the power of Artificial intelligence (Ai) and automation.
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SUPPLIER NEWS
REA Group retains top four position in Australia’s Best Workplaces
Great Place to Work has named REA Group Australia’s fourth Best Workplace for 2022 in the large company category.
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BTW
Luxury property expert Bradley Cocks joins DiJones Southern Highlands
DiJones Southern Highlands has bolstered its ranks with the appointment of Bradley Cocks who has extensive expertise across marketing, communications and promotion of luxury travel and property developments.
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BTW
Christine Mikhael appointed CEO of LJ Hooker Group
Christine Mikhael has been Acting Chief Executive Officer for the group over the past six months where she has shown outstanding leadership skills, making her a natural fit for the role. The Announcement: The Board of the LJ Hooker Group today announced the appointment of Christine Mikhael as Chief Executive Officer and a member of the Board. Ms Mikhael’s appointment…
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BTW
Ray White trademarks ‘Competition Creators’
After being interwoven into the everyday language at Ray White, ‘Competition Creators’ has been successfully trademarked by the group when referring to auctioneering and the auction process. The Announcement: In a world first, the Ray White Group has successfully trademarked the phrase ‘Competition Creators’. The phrase was coined by the group’s chairman Brian White AO and is now interwoven into…
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Real Estate News
Crypto king buys Toorak ghost mansion for $80 million
A mysterious crypto king has splurged a stunning $80 million on an unfinished Toorak mansion, setting a state record in the process.
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COMMERCIAL
Industrial assets could be a good inflation hedge
Industrial assets could be a good hedge against ongoing inflation pressures but not all commercial assets will be as effective according to an expert.
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INDUSTRY NEWS
145,000 homeowners would consider selling if rates rise
Over half a million Australian households would struggle to pay their mortgage, with many forced to sell, if interest rates rose three per cent according to a new survey.
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