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INDUSTRY NEWS
Mortgage holders to ‘grit their teeth’ and absorb interest rate hikes
As interest rates look set to keep on rising, over five million Australians are likely to be impacted by the higher cost of living and could experience mortgage stress, according to data.
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INDUSTRY NEWS
MoneyMe revamps ListReady for agents
Digital lender and non-bank challenger MONEYME (ASX: MME) has revamped its ListReady product for real estate agents, in a bid to create a more seamless process that allows them to focus on what they do best, while empowering sellers in a shifting market.
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INDUSTRY NEWS
Regional NSW and QLD desperate for more rental stock
Several regional areas across NSW and QLD are facing a dramatic undersupply of rental properties as falling vacancy rates and rising rents put pressure on low-income earners.
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INDUSTRY NEWS
Homeownership increasingly “out of reach” as average deposit hits $120,000
The surge in property prices has seen the hurdle to get into the property market get even higher with the average first home buyer deposit hitting $119,560.
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WEIRD AND WONDERFUL
What your sleep position says about you
Body language can tell you a lot about a person. A furrowed facial expression can mean concern or confusion, while a smile shows happiness and elation. Averting eye contact can indicate nervousness and crossed arms can clearly convey someone is defensive. But did you know your body can reveal insights into your personality even when you're asleep?
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BTW
$20 billion boom to keep the Gold Coast property market firing on all cylinders
Colliers latest Gold Coast Market Overview predicts the city will continue outperforming the rest of the country. The Announcement: Strong population growth, a fast-growing economy and more than $20 billion in infrastructure and investment ahead of the 2032 Olympic Games will continue to drive the Gold Coast property market over the next decade, according to a new report by Colliers.…
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INDUSTRY NEWS
Homely continues Queensland expansion with Ray White partnership
Homely.com.au, one of Australia's largest online real estate marketplaces, has further expanded their Queensland presence with their most recent sponsorship of the largest real estate networks in Australia, Ray White Queensland.
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COMMERCIAL
Investor interest in unit blocks on the rise
Despite some weakness in property markets, unit blocks continue to see a strong level of competition from investors on the hunt for assets that can market conditions.
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INDUSTRY NEWS
Prices rose 40 per cent in NSW as growth slows
Home prices in New South Wales are finally starting to slow after a record run of growth that saw values surge 40 per cent between June 2020 and March 2022.
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INDUSTRY NEWS
The number of homes cheaper to buy than rent has plummeted this year
Record home price increases combined with rising interest rates have made more homes cheaper to rent than buy.
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BTW
LJ Hooker Group launches new training platform Lighthouse
LJ Hooker Group has launched its new learning and development platform Lighthouse, powered by Northpass, which also supports the world’s most innovative brands like Uber, Shopify and Compass. The Announcement: The LJ Hooker Group today announced its exclusive agreement with US-based Northpass, a leading Learning Management System (LMS), that powers the LJ Hooker Group’s new training platform Lighthouse. Northpass is…
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FRANCHISE NEWS
Explore Property appoints new growth manager
Already a strong player in the Queensland market, Explore Property sets its sights firmly on the South East corner with the appointment of Shenal Yigitbas to its corporate team.
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BTW
Expansion and diversification a winning strategy for Hockingstuart’s 35-year-old brand
This year the brand has diversified into property development with the recent launch of Hockingstuart Land | Projects, and expanded its Melbourne footprint with two new offices in Dandenong and Bundoora and a new Williamstown office set to open on 28 June. The Announcement: 35-year-old Victorian real estate brand, Hockingstuart, is on a strong growth trajectory in 2022. So far…
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INDUSTRY NEWS
Half of New Zealand suburbs declining in value
Auckland’s Point Chevalier has a new title it probably isn’t too keen on holding as the New Zealand suburb to decrease most in value in the past three months.
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Real Estate News
REIQ: State Budget misses the mark
The Real Estate Institute of Queensland has hit out at the State Government’s 2022-23 Budget, saying it is disappointed at the lack of action on housing affordability and accessibility.
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FRANCHISE NEWS
The Agency Group opens property gallery in Perth’s Western Suburbs
The Agency Group has opened a property gallery that doubles as an art space in the 'Golden Triangle' of Perth's exclusive Western Suburbs.
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FRANCHISE NEWS
High growth Century 21 office expands to second location
Century 21 is excited to announce award-winning business, Century 21 Signature Realty in Nowra, is opening a second office at Callala Beach in the NSW Shoalhaven region.
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COMMERCIAL
National office markets bounce back faster than expected: HTW
The national office market is continuing to bounce back from the pandemic faster than anticipated according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Profitable resales drop for the first time in 18 months but buyer demand is still solid
The rate of profit-making resales across the Australian property market has fallen for the first time since August 2020, indicating conditions have reached a turning point.
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INDUSTRY NEWS
The Sydney and Melbourne suburbs to defy the downturn
A number of suburbs across Sydney and Melbourne are expected to fare better than others as property price growth eases according to new research.
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BTW
Ray White partners with Three’s The Block NZ for fifth season
For the fifth season in a row, Ray White will be the exclusive agency partner for Three's The Block NZ.
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INDUSTRY NEWS
Fallout from rising rates to be less dramatic than predicted: HTW
Rising interest rates are likely to slow down property markets but the fallout will be far less dramatic than most commentators predict according to the latest Herron Todd White (HTW) Month in Review.
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BTW
Ray White appoints Milo Rasinac Network Development Manager
With more than 20 years experience in sales, leadership and business ownership in Melbourne's inner north-western suburbs, Milo Rasinac's knowledge and expertise is sure to add value to Ray White.
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INDUSTRY NEWS
NSW Government announces trial shared equity housing scheme ahead of Budget
Teachers, nurses, police, single parents and older singles will be able to tap into a $780.4 million shared equity scheme to buy a home under a new NSW Government trial.
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INDUSTRY NEWS
AI digital assistant RiTA scoops two innovation awards
RiTA, the AI digital assistant for real estate agents, has won two innovation awards at the 2022 PropTech Awards.
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BTW
Property Council calls for extra supply
The Property Council of Australia has welcomed the NSW Government's strong commitment to help residents achieve home ownership, but has emphasised the critical role of supply measures in the policy mix.
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BTW
Game-changing scholarship program relaunched
The Laing+Simmons Scholarship Program helps young people get a foot in the door of the busy, competitive, fast-paced real estate industry. The Announcement: After a COVID-enforced two-year hiatus, the Laing+Simmons Scholarship Program is back. The game-changing initiative that gives school-leavers first-hand experience of the day-to-day operation of a busy real estate business is open for applications. Enthusiastic youngsters looking for…
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BTW
Raine & Horne Lower North Shore expands into Willoughby
Nationally expanding Raine & Horne continues its NSW growth with the expansion of Raine & Horne Lower North Shore through the launch of Raine & Horne Willoughby The Announcement: Raine & Horne Lower North Shore Director, Mr Stuart Bourne has opened another new office in Willoughby, ramping up the expansion of the Raine & Horne Lower North Shore brand. The launch of Raine &…
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COMMERCIAL
Suburban centres and satellite office locations on the rise
Workers who have become comfortable working from home are leading businesses to adopt more flexible working arrangements on a permanent basis according to experts.
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INDUSTRY NEWS
Elders agents to streamline buying and selling with Propps
Leading digital offer management platform Propps has expanded its national agency coverage, welcoming the Elders Real Estate network to the fold.
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INDUSTRY NEWS
NSW to phase out stamp duty and bring in land tax
NSW is set to move forward with plans to phase out stamp duty and introduce a land tax as a part of the upcoming pre-election budget. But real estate industry experts aren’t so sure the plan will benefit homebuyers. According to the Sydney Morning Herald, NSW Premier Dominic Perrottet will look to embark on significant reforms that will allow some…
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BTW
Knight Frank restructures WA office leasing team
KNIGHT FRANK has restructured its West Australian Office Leasing team to support its national growth strategy over the next five years.
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INDUSTRY NEWS
Aussie homes worth a record $10 trillion
The total value of the nation’s residential property increased by $221.2 billion in the March 2022 quarter, bringing the value of Australian real estate to a record-high $10.2 trillion, according to the Australian Bureau of Statistics (ABS).
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Real Estate News
Gavin Rubinstein’s TRG to expand without Ray White branding but still part of the group
Just three years after opening the doors to its Woollahra office, Gavin Rubinstein’s TRG agency is set to expand to Rose Bay - but it won’t be doing it with Ray White Branding.
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BTW
Sales of new homes fell in May
The impact of rising interest rates will be compounded by the ongoing increases in the cost of construction and land, forcing up the cost of a new house and land package, according to the HIA.
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