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INDUSTRY NEWS
REISA welcomes new budget but seeks more focus on housing
The Real Estate Institute of South Australia (REISA) has welcomed the continued emphasis on infrastructure throughout the region, but was concerned with the lack of investment in the housing sector. The 2021-22 State Budget handed down by the South Australian (SA) Treasurer Rob Lucas maintained a strong economic focus but should have included more assistance for the property sector, according…
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NEW ZEALAND
Housing policy changes have had little effect on the NZ market
Three months on from the New Zealand government’s housing policy, CoreLogic reveals the changes are yet to have a discernible impact on the market. CoreLogic Head of Research Nick Goodall admits it’s “still early days”, after the New Zealand (NZ) government policy was announced on 23 March this year. “It’s hard to disentangle the government’s bright-line extension and tapered removal…
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Celebrity Homes
Acting legend Jack Lemmon’s US$13 million Malibu beach home for sale
Two-time Academy Award winner Jack Lemmon was one of the busiest and most popular movie actors in the last half of the 20th century. In 1971, Lemmon purchased a Malibu Beach house for his family in the Broad Beach celebrity-favoured section of Malibu Beach. The family enjoyed it for decades, creating many happy memories. The stunning beachside mansion is now for sale,…
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Real Estate News
SA Budget misses chance to get empty nesters moving
The South Australian Budget has delivered a huge $17.9 billion in infrastructure, which was set to underpin the state’s robust real estate markets and future growth. However, Raine & Horne SA General Manager James Trimble said the Budget was a missed opportunity. Mr Trimble said Treasurer Rob Lucas should have encouraged empty nesters to downsize into smaller homes in Adelaide…
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Celebrity Homes
Ray White family set to sell Ascot home
The family of real estate giant Ray White are set to sell their cherished Brisbane home. Located in Brisbane’s illustrious Ascot, the classic federation home is scheduled for auction on 17 July with Ray White New Farms leading prestige agent Matt Lancashire. It’s the family home of Ray White Group Chairman Brian White and wife Rosemary, who have owned it…
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BTW
REINSW: Budget bounces back because of property
The Real Estate Industry Association of New South Wales (REINSW) is calling on the State Government to work with the sector after figures revealed real estate is the state’s biggest revenue source. The Announcement: With Budget figures showing stamp duty from property transactions has contributed over $9 billion to the state’s economy, it’s time for the NSW Government to work…
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BTW
NSW Budget will help economy roar back to life
The New South Wales budget is set to bolster the local economy after the pandemic slump, but the state’s housing crisis was only given a modest boost. The Announcement: The Property Council of Australia today welcomed the NSW Budget 2021-22 as critical to cement the strong foundations set by the Berejiklian Government to secure NSW’s economic and social recovery from…
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APPOINTMENTS
Ray White Gold Coast raises the bar with star agent arrival
The Ray White Group is thrilled with their recruitment of a local up-and-coming agent on the Gold Coast.
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National
REIA urges Australians to use deposit schemes
Thousands of Australians have been given their first real chance to buy their own home.
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Real Estate News
Industry icon Tony Abboud and his team join The Agency
The Agency has welcomed the news renowned Sydney agent Tony Abboud and his team are set to join the growing brand. With 41 years experience in the industry as a successful business owner, property consultant, trainer and mentor, Mr Abboud is considered a true industry legend, The Agency explained. Mr Abboud’s Snowden Parkes brand has been a dominant force in…
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BTW
Builders back moves to boost home ownership
Master Builders Australia has welcomed the release of 30,000 new places under the First Home Loan Deposit Scheme, New Home Loan Guarantee and Family Home Guarantee. The Announcement: The Federal Government has announced the expansion of housing programs that are helping more people to own their first home provides and strengthening economic recovery. “The release of 30,0000 new places in…
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BTW
A toast to reimagining the Cahill Expressway
The Property Council of Australia has welcomed plans to transform Sydney’s Cahill Expressway into a world-class party stage for seven days over New Year. The Announcement: NSW Executive Director of the Property Council of Australia Jane Fitzgerald on Saturday said the reimagining of the Cahill Expressway as a place for Sydneysiders to enjoy, and importantly to show the world why…
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APPOINTMENTS
Katie Cotton joins Ray White Queensland
Ray White has announced the appointment of Katie Cotton as Chief Growth Officer for Queensland The Announcement: Ray White Queensland will soon welcome highly regarded real estate professional, Katie Cotton, to its growing corporate family. In her new role as Chief Growth Officer for Queensland, Ms Cotton will develop strategic plans to drive growth for the leading network in the…
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APPOINTMENTS
Sunnybank welcomes ‘Supreme’ service
RE/MAX Australia has announced the opening of RE/MAX Supreme in Sunnybank, Queensland, under the leadership of broker owner Gordon Sui. The successful businessman has worked tirelessly to achieve whatever he sets his mind to since immigrating to Australia from China in 2003, but it is his latest business venture as a franchise owner, alongside his business partner Jessica Suen, which…
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Real Estate News
The hot new search term for homebuyers
The world has changed dramatically over the past 18 months and as a result, the types of homes people are wanting to buy has also seen a dramatic shift. According to realesate.com.au, the most popular search term is now ‘study’, indicating that many people are clearly changing the way they work and live. With lockdowns continuing to wreak havoc in…
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Real Estate News
235 Perth suburbs have median rents below their peaks
The Perth rental market is significantly more affordable than it used to be, with reiwa.com analysis showing 235 suburbs had median house rents below their peak prices in May 2021. REIWA President Damian Collins said the vast majority of Perth suburbs were more affordable for tenants than they used to be. “reiwa.com analysis shows 201 of the 235 suburbs had…
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Real Estate News
The world’s largest housing bubbles
Australian housing prices have been on a record run over the past 12 months, however, a new report suggests it’s nowhere near the biggest bubble in the world.
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INDUSTRY NEWS
Website Blue announces major real estate partnership
Australian real estate website and marketing agency, Website Blue has announced a website development partnership with Harcourts International. The partnership, which covers the development of over 2000 domains, is touted by Website Blue as one of the region’s largest web development projects.The new website development project is aimed at future proofing lead generation for business owners, agents and property managers,…
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BTW
First home deposit scheme well placed to help thousands
The Housing Industry Association of Australia has welcomed the adjustment of First Home Loan Deposit price caps and build times.
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BTW
Gold Coast tower records $110M in sales
A Gold Coast development has secured $110 million in sales only weeks after the development application was submitted The Announcement In one of the most successful sales campaigns ever seen on the Gold Coast, Sydney-based Sammut Group has secured an astronomical $110 million in conditional sales in its ultra-luxury “Coast” project after submitting a development application only three weeks ago.…
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BTW
Fantastic Fridays a fab idea, says Property Council
The Property Council of Australia has welcomed an initiative to entice workers back to Sydney’s CBD The Announcement: NSW Executive Director of the Property Council of Australia Jane Fitzgerald today said the NSW Treasurer’s announcement of a $50 million investment to entice workers back into the Sydney CBD on Fridays was a fantastic pre-budget announcement. The Property Council has advocated for a…
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Celebrity Homes
Frank Sinatra’s mountain retreat returns to the market
The former home of legendary entertainer Frank Sinatra is on the market once again and already there is a flurry of interest in the exquisite desert getaway. The 7.5-acre estate in Palm Desert, California has been on and off the market for a number of years after and the property which is listed at $4.25 million, is already receiving inquiries…
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Real Estate News
Home prices are rising globally, but can wages growth keep up?
House prices have been rising around the world at the fastest rate in 30 years, however some countries might run into problems if wages growth can’t keep up, an expert has warned. Asset management firm Franklin Templeton, notes house prices have been rising globally over the past 12 months, thanks to a combination of low interest rates and monetary stimulus.…
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Real Estate News
Over 200 markets now in the million dollar property club
With property markets running hot across the country, a new report has highlighted that there are now 218 million-dollar areas across Australia.
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INTERNATIONAL
Smart home technology used by 10 million British residents in 2021
Smart home technology has made a major breakthrough in British mainstream culture over the past few years, reaching a new peak in 2021. There are currently 10 million United Kingdom (UK) residents using smart home technology, which allows consumers to control appliances, thermostats, lights and other devices remotely using a smartphone. The rapid adoption of this new technology is projected…
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BTW
DiJones all in for consumer centricity with launch of Conversational AI
As more consumers feel comfortable with and seek out new technology, DiJones believes now is the perfect time to introduce Artificial Intelligence (AI) into the real estate sector. The Announcement: Improving the customer experience and allowing 24/7 access to property information has seen DiJones roll out a new way to communicate with consumers. “The majority of consumers are very comfortable…
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Real Estate News
New listing volumes remain high despite fall in May
After a significant lift in volumes earlier this year, new listings fell for the second consecutive month a new report shows. While the rise in listing volumes earlier this year helped supply meet record-high buyer demand, the REA Insights Listings Report June 2021 showed a 4.4 per cent decline in May. Despite the slight drop in May, new listing volumes…
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Real Estate News
Boom in Aussies buying up restaurants, pubs, hotels and bars in regional centres
With international borders closed, regional Australia is seeing a dramatic surge in popularity. More people are moving out of the cities and into quaint communities. City slickers are looking for new careers and business opportunities, with regional Australia being bought up at record pace. Manenti Quinlan and Associates Director Leonard Bongiovanni said city residents are being wooed by the “fresh…
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TECH + SOCIAL
How AI and SMS automations have changed the way this agent works
Tristan Lovell recently had a chat with Sam Taylor, a sales agent at McGrath Estate Agents North Canberra, about Artificial Intelligence (AI) and automated two-way SMS conversations. The RiTA by AiRE Growth Specialist asked Sam how these two tech solutions changed his game and got him three extra listings in less than two months. When sales agents start working with…
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NEW ZEALAND
New Zealand’s property market upswing is nationwide
CoreLogic New Zealand takes an in-depth look at suburb-level property data, revealing a surprising market upswing. Upmarket shopping district Herne Bay remains New Zealand’s (NZ) most expensive suburb with a median value of $3.16 million. However, in terms of value growth, cheaper areas reign supreme. Reflecting better relative affordability and easier access for a wider range of buyers, Manunui in…
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BTW
McGrath opens new office in Lower Blue Mountains
As more Sydney residents expand their property search into the stunning Lower Blue Mountains, McGrath Estate Agents have opened a new office in order to service the increasingly popular regional New South Wales area. The Announcement: Leading residential group, McGrath Estate Agents, has opened a new office in a popular regional area of NSW. McGrath Lower Blue Mountains will be…
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BTW
LJ Hooker gives its agents a runway into spring
LJ Hooker has landed an exclusive partnership with Qantas Frequent Flyer. It hopes to incentivise new leads – people who are considering selling – to taking that first step in their journey. The Announcement: LJ Hooker, in partnership with Qantas Frequent Flyer, recently launched its latest campaign to drive customer engagement and lead conversion in the lead up to the…
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Real Estate News
Property fragment marketplace Bricklet enters investor partnership
The partnership between Bricklet and DDP Property is set to extend the benefits of property fragments to more than 30,000 investors. Bricklet currently processes $52 million worth of property fragments across Australia, with $15 million of the fragments owned by Australian investors. With more Australians unable to afford a full mortgage for a desired investment property, Bricklet aims to deliver…
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BTW
Historic Burwood Federation castle breaks suburb record
Richard Matthews Real Estate sold the 1907 home for $6.6 million. The Announcement: Richard Matthews Real Estate broke the Burwood suburb sales record on Saturday after selling an historic Appian Way property on Saturday. A tribute to the Richard Matthews team, the home passed in a $6.3 million before post auction negotiations saw it sell at $6.6 million, an enormous…
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BTW
Zillow’s new neural Zestimate makes home valuations more accurate
American online real estate marketplace company Zillow is using a human-like artificial intelligence to improve its national median error rate. The Announcement: Zillow today launches significant upgrades to its Zestimate® home valuation model. The changes allow the algorithm to react more quickly to current market trends and improve the national median error rate to 6.9% — an improvement of nearly a…
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