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Real Estate News
Strong interest for commercial investment properties in NSW despite lockdowns
Strong demand for investment properties in New South Wales has been maintained despite lockdowns, according to Knight Frank.
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Real Estate News
First home buyers in NZ will suffer from the Reserve Bank’s surprise decision on mortgage deposits
RBNZ's decision to reduce the number of owner-occupiers that can get a mortgage with less than a 20 per cent deposit is set to have huge impacts on first home buyers
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Celebrity Homes
Dame Helen Mirren rents her Hollywood Hills estate for US$45,000 per month
Do you want the luxury of living in your own little slice of classic film history? Dame Helen Mirren and her director-husband Taylor Hackford can help you do just that, with their Hollywood Hills home for sale for US$18.5million or for rent at US$45,000 per month.
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BTW
DiJones appoints new Head of Sales and Chief Operating Officer
DiJones has appointed Mark Horvat to Head of Sales and promoted Brent May to the newly created role of Chief Operating Officer.
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BTW
Raine & Horne celebrate their 2021 National Awards
Raine & Horne have celebrated their annual national awards, elevating high achievers within the Group.
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BTW
Sutherland Shire property market on the rise despite lockdown
Highland Property Group has seen strong growth in the Sutherland Shire despite Sydney's ongoing lockdown.
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BTW
Four young gun agents team up to open Ray White Eastern Beaches
Ray White Eastern Beaches has opened its doors, fronted by an ambitious new leadership team.
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Real Estate News
Interstate buyers aren’t slowing down in South Australia
New REISA data has shown continued net interstate immigration gains throughout regional and metro South Australia
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INDUSTRY NEWS
How the property market has evolved amid the pandemic
Australia’s property market exceeded all expectations in 2020 and the first half of 2021, as a the suggestion of potential market crash was swiftly switched out to reports of a nationwide market boom. PRD has released its Australia Economic and Property Report for 2021, which analyses how the property market has evolved over the past year due to multiple factors,…
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INDUSTRY NEWS
Ray White leaders reveal the biggest issues facing the NSW property market
Ray White leaders unpacked the biggest issues facing the NSW property market in a webinar on Thursday night.
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Celebrity Homes
Cindy Crawford sells her Beverly Hills luxury abode for US$13.5 million
Supermodel Cindy Crawford sold her midcentury Beverly Hills home in the luxurious Trousdale Estates for $13.5 million.
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BTW
Sydney’s Banksmeadow commercial property attracts investors
Banksmeadow, a suburb located nearby Sydney International Airport, has seeing strong commercial interest in 2021.
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BTW
Construction commences on the Gold Coast’s latest beachfront apartments
Spyre Group plan to bring luxury residences to the Queensland/New South Wales border
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SUPPLIER NEWS
New home sales plummet across Australia in July
The sale of new homes has dropped significantly in almost all Australian states, according to a new report that surveys the largest volume home builders. The Housing Industry Association (HIA) New Home Sales Report showed new home sales fell 20.5 per cent in July, with declines seen in almost every state. HIA Economist Tom Devitt revealed new home sales dropped…
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BTW
REIV CEO pens heartfelt open letter to Premier Dan Andrews
REIV CEO Gil King has written an open letter to Victorian Premier Dan Andrews, asking for home inspections to be allowed amid lockdowns.
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INDUSTRY NEWS
More Australian homes selling than coming on the market
Dwelling sales continue to surge across Australia against low listings levels, according to new CoreLogic data. In the three months to July, CoreLogic estimated there were around 171,100 dwelling sales in Australia. This is 53.4 per cent higher than what has typically been seen this time of year for the previous five years. In the same period, there were just…
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Real Estate News
Sorted Services solution makes communication between tradies and property managers easier
The relationship between tradespeople and property managers is a symbiotic relationship that’s critical to the health of the property ecosystem, and one that is highly valued by both parties. Tradespeople play a fundamental role in maintaining properties and property managers rely on tradespeople to help them weather the storms – quite literally. As with all relationships, however, there is a…
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NSW Real Estate News
Sydney residential vacancy rate rollercoaster takes another turn
REINSW noted residential rental vacancies in Sydney dropped in July for the third consecutive month.
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INDUSTRY NEWS
Australians are using lockdown to hunt for property online
Search activity on realestate.com.au jumped 2.4 per cent last week as lockdowns were felt across the country.
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BTW
Crown Group transforming little known Eastlakes into vibrant Sydney suburb
Crown Group announce new duel-staged property development in Sydney’s Eastlakes, where they plan to create 490 luxury apartments. The Announcement: Leading international property developer, Crown Group is in the midst of transforming one of the most little-known eastern suburbs, Eastlakes, creating what they’ve dubbed ‘the new east’ – a $1billion thriving, vibrant, sophisticated lifestyle precinct, developed in two stages, The Grand Eastlakes (formerly known…
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SUPPLIER NEWS
What is the state of the current property investment market?
Ray White chief economist Nerida Conisbee has revealed the current property investment is particularly buoyant.
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WA Real Estate News
Stamp duty reform could be key to relieving housing affordability pressures
The Real Estate Institute of Western Australia (REIWA) has urged the State Government to commit to stamp duty reform in its 2021-22 Budget, given the state’s strong financial position. REIWA claimed stamp duty has remained the biggest financial hurdle for Western Australians looking to buy property. REIWA President Damian Collins said while stamp duty was an important revenue earner for…
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INDUSTRY NEWS
Number of single women buying first home tipped to rise
REIA forecasted a rise in single women purchasing their first homes.
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Real Estate News
How the COVID-19 pandemic will change the Australian housing landscape long-term
A drop in investor appetite for high-rise apartments and a push towards lifestyle-centric housing are just some of the trends the COVID-19 pandemic has accelerated, according to property experts. Many of these trends were already underway in the Australian economy, but the spread of COVID-19 created an economic bubble for many industries, which will likely hold strong for years to…
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WA Real Estate News
Perth’s current property growth rate is almost twice as high as the previous cycle
Perth's market recovery is tracking at an average growth rate of 0.9 per cent per month, according to REIWA
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Real Estate News
Rental market confidence is up but agents are concerned about rent roll and profitability margins
Australian property managers were surveyed to determine the true mood of the national rental market with the response overwhelmingly stating that while the market might be doing well, businesses are concerned by rent roll growth and profitability.Â
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BTW
Justin Ferguson returns to the Lower North Shore property market
Justin Ferguson has announced his return to the Lower North Shore property market under his independent self-named agency.
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QLD Real Estate News
How an career-ending injury motivated Johnathon Merton to pursue real estate
Former construction worker Johnathon Merton saw the silver lining in a life-changing injury, building a new life for himself as a successful regional salesperson and now owner of Merton Property Co. Mr Merton toyed with the idea of becoming an agent in his 20s but said, in hindsight, his younger self wasn’t ready. “I ran off with my tail between…
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FRANCHISE NEWS
Returning Century 21 agent David To set to head the new Mascot office
Century 21 has proudly announced the opening of their newest office in Mascot, Sydney.
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SUPPLIER NEWS
How proptech startup Sorted Services doubled its headcount amid the pandemic
Sorted Services, an Australian digital platform streamlining the property management lifecycle, has announced significant growth amidst a challenging macroeconomic environment.
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BTW
NSW Government opens residential tenancy support payment applications for landlords
The New South Wales Government has opened applications for landlords to request assistance, if they have lowered the rent for lockdown-impacted tenants. The Announcement: Applications for the COVID-19 residential tenancy support payment are now open for landlords who reduce the rent for COVID-19 impacted tenants. The payment is capped at the rent reduction passed onto the tenants, or $1500, whichever is…
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INDUSTRY NEWS
Dwelling values and sale volumes continue to rise across Australia but rental yield declines, says CoreLogic
CoreLogic has released their August insights, summarising Australian housing market data to the end of July 2021. They found the Australian housing market has continued to maintain the highest dwelling values since 2004, but quarterly values have started to gently decline, when compared to May 2021. Sales volumes also rose across Australia, both in regional and metro markets. Rental values…
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BTW
Locked down areas are now allowed to reopen construction sites
Construction workers in eight local government areas (LGAs) of concern in New South Wales will now have the opportunity to return to work, as long as they are vaccinated.
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National
REIA has urged the Australian Government to rethink their approach to sustainability in real estate
The Real Estate Institute of Australia (REIA) has called on the government to empower Australian consumers to adopt more 'sustainable and healthy' housing practices.
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BTW
Raine & Horne lock in 12 new offices offices throughout New South Wales
Raine & Horne has acquired 12 new offices in New South Wales over the past few months amid continuing lockdowns.
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