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INDUSTRY NEWS
Sydney vacancy rates plummet to the lowest level in more than three years
Vacancy rates in Sydney have dropped down to 2.6 per cent, hitting the lowest level since 2018.
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BTW
Ray White celebrates women in real estate
Ray White has launched their first 'Journeys' webinar, sharing the motivational stories of the group's top women.
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WA Real Estate News
Western Australians are encouraged to ‘look West’ in new REIWA media campaign
A new advertising campaign encourages Western Australians to 'look West' on reiwa.com.au for their property needs.
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NEW ZEALAND
Housing affordability continues to rapidly decline in New Zealand
Record house price growth across NZ has led to rapidly declining affordability with little sign of easing, despite rising mortgage rates.Â
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BTW
Keeping the promise to reopen Australia is the key to boosting vaccination rates
Builders and other trade professionals don't believe the Government will uphold their promise to reopen once an 80 per cent threshold is met
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BTW
Former pizzeria owner serves up a point of difference for R&H in Hurstville
Raine & Horne has announced former pizzeria owner Chris Arvanis will join Jake Harrison to head up a brand-new Hurstville office.
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BTW
Nerida Conisbee: What’s driving price growth?
Ray White Chief Economist Nerida Conisbee unpacks what is motivating the Australian property market boom.
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INDUSTRY NEWS
How first home buyers can get the upper hand as investors return to the market
As investors re-enter the market, one expert believes there could be a silver-lining for first home buyers.
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Real Estate News
Differences between inner, middle or outer rings in Australia’s high performing cities
PRD has provided insights into the best areas to invest, buy and rent in major Australian capital cities, such as Brisbane, Sydney, Melbourne and Perth.
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FRANCHISE NEWS
Richard Matthews Real Estate donates $20,000 to Beyond Blue
Smashing their original fundraiser goal of $10,000, Richard Matthews Real Estate have raised $20,000 in donations for Beyond Blue since June.
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BTW
Property Council cautiously welcomes ‘Roadmap to Freedom’
The Property Council of Australia welcomed the NSW Government’s announcement of a roadmap for lifting restrictions for the fully vaccinated. The announcement: NSW Property Council Executive Director Luke Achterstraat said with vaccination rates encouragingly increasing today’s announcement was due.“The setting of clearer timelines and targets for greater freedoms including when businesses will reopen is welcomed,” Mr Achterstraat said.“However, further details will…
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FRANCHISE NEWS
Hayley Van de Ven takes over RE/MAX Bayside Properties
A change in ownership for RE/MAX Bayside Properties now places the franchise in the experienced hands of Hayley Van de Ven, owner of RE/MAX Results.
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WA Real Estate News
REIWA says State Budget misses opportunity for bold stamp duty reform
REIWA has voiced its disappointment that the WA Budget lacks bold housing reform, despite the state boasting a record budget surplus of $5.6BÂ
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BTW
Long-term franchise principal launches Raine & Horne Redland Bay
Af Raine & Horne principal for more than two decades, Denise Quick has launched a Redland Bay office with the brand. The announcement: A long-term Raine & Horne principal Denise Quick has shifted states to launch a new office in the Redland Bay area, which is on the cusp of a significant population explosion. Ms Quick, who has regularly been among the…
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BTW
Australians have slash credit card debt by $1.11 billion in lockdown
Australians have reached the lowest level of national credit card debt for the first time in 17 years, new Reserve Bank of Australia data showed.
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BTW
Lockdowns have exposed new challenges for Australia’s CBDs
Continual lockdowns and emerging working from home alternatives have made a significant negative impact on Australian CBD office occupancy rates, which creates further challenges for investors and small or medium businesses relying on office staff. The announcement: The Property Council of Australia’s latest office occupancy survey has laid bare the impact of ongoing lockdowns on Australia’s largest city centres. The…
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FRANCHISE NEWS
Agents reveal why 100 per cent commission model is a win-win
Agents at the real estate network @realty are closing in on the ‘100 per cent commission’ goal in as little as seven weeks, as the unique model continues to gain industry traction. The 100 per cent commission program allows agents to keep all of their commission after @realty has earned $20,000 (exclusive of GST) in service fees. Prior to @realty…
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INDUSTRY NEWS
Australia’s property market defies logic
Real estate experts believe traditional property valuation metrics and sales performance don't provide an accurate prediction of property sales prices in many parts of Australia.
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INDUSTRY NEWS
Property seekers remain undeterred as buyer demand reaches an all time high
Buyer demand and email enquiries from property seekers have reached an all-time high despite lockdown restrictions in some states.
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FRANCHISE NEWS
LJ Hooker focuses on employee wellbeing and mental health support on R U OK? Day
LJ Hooker has voiced its recognition of the challenging work conditions real estate agents are currently facing, so they have offered teams the afternoon off on R U OK? Day.
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BTW
Ray White Prestige Palm Beach principal Noel Nicholson’s son Jimmy starred in The Bachelor Australia
Ray White Prestige Palm Beach Principal Noel Nicholson appeared on the latest season of The Bachelor Australia, where his son was the star.
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APPOINTMENTS
Knight Frank appoints a national head of investment sales
Knight Frank has appointed a National Head of Investment Sales, with the goal of strengthening its client offering in this sector.
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SUPPLIER NEWS
The Eview Group reaches 200 agent milestone
The rise of boutique agency ownership has seen the Eview Group grow its operations to 200 plus sales agents.
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National
Rental affordability improves across Australia
Rental affordability improved marginally across Australia by 0.3 percentage points over the June quarter, according to REIA.
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INDUSTRY NEWS
Cash rate steady as housing remains ‘one of the few positive indicators’
CoreLogic Research Director Tim Lawless shared his reaction to the Reserve Bank of Australia maintaining their cash rate hold at 0.1 per cent.
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INDUSTRY NEWS
‘Locked down and locked out’: REIV campaigns to open real estate safely
The Real Estate Institute of Victoria (REIV) has mounted a campaign against property market restrictions on behalf of the tens of thousands of sector employees and impacted Victorians.
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INDUSTRY NEWS
Reserve Bank of Australia maintains historic cash rate hold of 0.1 per cent
The RBA announced the national interest rate will remain on hold at the historic low of 0.1 per cent.
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INDUSTRY NEWS
RBA’s cash rate hold of 0.1 per cent will motivate Australians to look into refinancing
Mortgage Choice and Smartline CEO Susan Mitchell said the Reserve Bank of Australia's (RBA) decision to keep the nation's official cash rate on hold at 0.1 per cent will continue the increasing trend of refinancing.
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BTW
Construction Commences on $45 million Vantage Burleigh
Construction is underway on the $45 million residential project Vantage Burleigh on the Gold Coast.
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BTW
City buyers expected to spring at Stanwell Tops coastal escape
Ongoing lockdowns are seeing Sydney buyers consider a shift to the Northern Illawarra.
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NSW Real Estate News
Gavin Rubinstein says Luxe Listings Sydney has made his business ‘magnet of attraction’
Celebrity agent Gavin Rubinstein says he has been shocked by the tsunami of people who want to work with him since Luxe Listings Sydney aired on Amazon Prime in early July.
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INDUSTRY NEWS
Sydney homebuyers might have to find another $76,600 in the next 12 months
Experts in Finder's RBA Cash Rate Survey have estimated property prices are set to rise an additional 8 per cent by July 2022.
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BTW
Parramatta CBD to be enhanced by major development
A 47-storey office tower, which will result in the growth of Parramatta's commercial centre, has been given the green light to proceed to a design competition.
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INTERNATIONAL
Elara Technologies rebrands to REA India
Australian-based REA Group has partnered with Indian digital real estate portal operator Elara Technologies to unveil a new brand, REA India.
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APPOINTMENTS
Domain appoints new Chief Revenue Officer John Foong
Property marketplace Domain has announced the appointment of John Foong to the role of Chief Revenue Officer.
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