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INDUSTRY NEWS
Commercial property settlements surged higher last financial year
The volume of commercial property settlements has surged by as much as 60 per cent across the east coast of Australia, according to new data.
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BTW
Well-known Cleveland agent makes all the right moves
Leana Reynolds has spent the past five years building great relationships in the Cleveland market, which will serve her well moving forward with the Re/MAX Bayside Properties team. The Announcement: Experienced and results driven agent, Leana Reynolds, joins the award winning RE/MAX Bayside Properties team, newly married and just home from her honeymoon. Leana targeted the high performing Cleveland team,…
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INDUSTRY NEWS
REA Group celebrates Australia’s Property Managers
REA Group is today applauding its Property Manager customers across the country on National Property Managers Day.
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Real Estate News
Elite Retreat giveaway winners announced
An app that powers up a consumer’s knowledge bank before they buy or sell a home and increased use of video messaging are among the trends agents have tipped to play out in the industry in 2023.
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BTW
Raine & Horne strategic focus on youth achieves office growth gold in 2021/2022
Raine & Horne achieved a record year for growth with 33 offices joining the group in 2021/22. The Announcement: In the 2021/22 financial year, Raine & Horne focused on building its network management team, and the proof is in the pudding, with a record 33 offices chockful of young gun agents joining the Group. The brand appointed Ms Tina Ashton…
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INDUSTRY NEWS
Upside Realty offers three new payment models for agents
A national fixed-fee agency will now offer a full-fee option, giving agents a choice of how they are paid, with commission splits of up to 75 per cent. Upside Realty, which launched in 2017, said ‘Upside Performance’ would be an agent-driven pricing model with three distinct options for agents. Option one is an employment model where the company pays the…
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Real Estate News
Real estate industry celebrates National Property Managers Day
Often the unsung heroes of a real estate agency, property management can a tough gig that requires a specialised skillset and dedication.
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INDUSTRY NEWS
Rate rises now to avoid sharper economic slowdown
The Reserve Bank of Australia hopes taking swift action on soaring inflation will halt the need to increase the cash rate as high as previous economic cycles.
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BTW
McGrath Crows Nest expands into Willoughby
Top-tier industry performer Peter Chauncy has welcomed Jason Georges to his McGrath Crows Nest team.
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BTW
Leading agent joins Ray White Surfers Paradise
Ray White Surfers Paradise has brought high-performer Lana Faulkner and her team into the ever-growing fold.
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COMMERCIAL
Growing crane count suggests construction activity is on the rise
Construction activity across Australia continues to ramp up, with the latest Rider Levett Bucknall's Crane Index showing the first increase since prior to the pandemic in early 2019.
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INDUSTRY NEWS
Outer Melbourne and regional Victoria continue to set record prices
Melbournians have continued to leave the inner-city, with values in outer suburbs and regional areas at record highs.
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BTW
Ray White Land Sales opens in Victoria
Real estate experts Karandeep Singh and Ash Kalkat have joined with Ray White to open Ray White Land Sales Victoria.
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INDUSTRY NEWS
First home buyers exceed their budget to get on the property ladder
Record high home prices and underquoting are forcing first home buyers to pay more than they expected with 37 per cent exceeding their budget.
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FEATURE INTERVIEWS
Adrienne Robinson: the recipe for success
From earning $2 an hour working at KFC to selling properties for First National Real Estate Homeway, Adrienne Robinson has come a long way in her career. Here, she shares what she learnt working for Colonel Sanders, why her most memorable sale was a derelict house and why you should never judge a book by its cover. What was your…
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INDUSTRY NEWS
Home prices falling in 40 per cent of markets
Declining property prices have gathered steam with 40 per cent of house and unit markets falling in the past three months.
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BTW
Ray White Commercial Canberra’s leadership team continues to grow
Ray White Commercial Canberra now has a 22 person team, with Eleni Notaras being the first female executive to join the business.
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BTW
Knight Frank makes new appointment to residential team
Knight Frank has made a new appointment to grow its residential team, with Luke Hayes starting as Director of Residential Project Sales.
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INDUSTRY NEWS
Office occupancy levels hold steady in June
Workers returning to CBD offices has slowed down last month, as the impacts of floods, the flu season and interruptions to rail networks forced people to stay home.
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INDUSTRY NEWS
Prospective Perth tenants lose thousands in rental scams
Scammers have targeted prospective tenants in Perth, with two unsuspecting victims losing $23,500.
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SELLING + MARKETING PROPERTY
4 tips to better prepare for an open home
Despite the introduction of new technology like video tours, there’s no questioning the importance of a traditional open home.
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BTW
Advancing Australia’s prosperity: REIA launches 2025 strategy
The new vision for the 2025 real estate sector is about better delivering for business, practitioners and the communities they serve through member institutes.
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INDUSTRY NEWS
Property market records busiest start to winter in a decade
The Australian property market has started winter strongly, with new listing volumes reaching the highest June level in more than a decade.
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INDUSTRY NEWS
Rents surge by a record 12 per cent across the capitals
Australia's rental crisis has deepened with tight vacancy rates contributing to a record 12 per cent jump in house rents over the past year.
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BTW
Ray White Cooma strengthens links to capital
With the increasing focus of city dwellers on regional opportunities, Ray White Cooma has announced a strengthened bond with the team at Ray White Canberra, spearheaded by Simon Porter.
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COMMERCIAL
Retail customers ‘flock back’ to in-person shopping
After a surge in online retail sales, customers have begun to “flock back” to in-person shopping, with experts suggesting bricks and mortar stores are far from dead.
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INDUSTRY NEWS
Perth sales activity jumps 20 per cent
Real estate sales activity in Perth surged 19.8 per cent during the 2021-22 financial year, according to the latest data from the Real Estate Institute of WA (REIWA).
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BTW
McGrath welcomes North Shore property expert as partner in its Wahroonga office
Nick Muzha excels in helping his clients achieve their goals at any stage of their property journey and maintains a strong repeat client business. The Announcement: McGrath Estate Agents has welcomed North Shore property expert Nick Muzha as Partner in its Wahroonga office on Sydney’s Upper North Shore. Chief Executive Officer John McGrath said Mr Muzha’s astute approach to property negotiations is the future…
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BTW
Real estate stalwart moves into Pelican Waters
Ray White Queensland Chief Executive Officer Jason Andrew said he was delighted to see someone of Dwight Ferguson’s sales calibre and pedigree move back into business ownership. The Announcement: ONE of the country’s most highly regarded real estate professionals, Dwight Ferguson, has made a sea-change to the Sunshine Coast and has now taken ownership of Ray White Pelican Waters. Mr…
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COMMERCIAL
Australian cities top the list for green commercial real estate
Sydney, Perth, and Melbourne have been named in the top five green-rated cities for commercial real estate.
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INDUSTRY NEWS
The Agency to acquire Bushby Property Group
National real estate company The Agency Group Australia has expanded its network to Tasmania, agreeing to acquire leading Launceston-based real estate business Bushby Property Group to launch The Agency – Team Bushby.
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BTW
The Limitless Group welcomes Nikita Kinnane to the RE/MAX Results team
Principal and Director Hayley Van de Ven said now is the right time for Nikita Kinnane to join the team as she will continue to support her in building her business. The Announcement: The Limitless Group in North Qld has welcomed Nikita Kinnane to the RE/MAX Results office in Mackay in a continued demonstration of growth Nikita, a mum of…
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BTW
Familiar faces join the Ray White Group in Port Stephens
Ray White New South Wales Chief Executive Officer Andrew McCulloch congratulated the trio on joining the Ray White Group. The Announcement: Port Stephens real estate expert Bill Knaggs has merged his family business with fourth generation family business, Ray White. Mr Knaggs has brought his second generation family business under the Ray White umbrella along with daughter Rowena Hernandez and…
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INDUSTRY NEWS
The 10 Perth suburbs where house prices rose at least 26 per cent
Five of Perth’s top 10 price growth suburbs now saw their median house sale price soar above $1 million for the first time last financial year.
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INDUSTRY NEWS
NAB, CBA and ANZ all lift variable home loan and savings rates
The NAB, CBA and ANZ have all passed on the full interest rate hike to variable rate mortgage customers following the Reserve Bank of Australia lifting the cash rate 50 basis points last week.
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