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Real Estate News
The RBA keeps rates on hold
After two straight months of rate cuts, the RBA has left rates unchanged at one per cent. The move was widely expected and will mean borrowers will likely not see any changes to variable rates this month. However, RBA Governor Lowe has suggested that the RBA stands ready and able to cut rates further if they are required to do…
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National
Weekly Auction Results: Sydney and Melbourne holding steady
While the combined clearance rate across the country saw a slight dip this week, Australia’s two major markets of Sydney and Melbourne have remained above the 70 per cent mark. In Melbourne, there were 500 homes up for auction with a 73.3 per cent success rate. That was up from the prior weeks of 71.7 per cent. Meanwhile in Sydney,…
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National
Weekly Auction Results: Auction clearance remains high on slightly higher volumes
Sydney and Melbourne continue to lead the country with another strong week of auction clearance results. After last weeks solid result, Sydney again leads the nation with a preliminary 78.5% clearance rate. While Melbourne continues to improve and finished on higher volumes than Sydney 74%. As sellers continue to sit and wait for spring, demand…
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INTERNATIONAL
Chinese real estate heavyweights set to merge
Leading Chinese real estate companies Juwai.com and IQI Global are set to combine their forces to create Asia’s largest real estate group. The company will focus on advertising and marketing new development properties from across the globe, and is the first type of collaboration of its kind. Juwai.com is the No. 1 Chinese international property marketplace and reaches 3.3 million…
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NSW Real Estate News
Moving to Sydney? It’s going to cost you
These days, there is a high likelihood that at some point in your life, you and your family will choose to live and work in a new city. Real estate agents and property managers likely deal with this very scenario on a daily basis. Given that expats are generally drawn to the leading global cities around the world including Sydney…
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Elite Agent
The Agency’s Jesse Raeburn to star on The Block
To succeed in real estate it takes a combination of tenacity and drive. It’s clear that the Agency’s Jesse Raeburn has both and it is one of the key reasons Jesse has found success as an agent in a short period of time. Those very same attributes have also managed to help Jesse gain a…
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VIC Real Estate News
Victorian developers to help foot bill for dangerous cladding
The Victorian Government will commit $600 million to address the dangerous cladding crisis in a bid to keep Victorians safe, but developers will also be hit with higher building levies to help subsidise the program. The Andrews Government will foot half of the $600 million bill, while the other funds will come from an increase in building permit levies for…
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Real Estate News
NSW Government looking to continue to reform residential tenancies law
The NSW Government is getting set to continue the overhaul of the current Residential Tenancies Regulation, with the aim of improving the renting experience in NSW. The proposed amendments are set to have a major impact on the way both sales agents and property managers interact with current tenants. As a little history, in October 2018, the NSW Parliament passed…
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FRANCHISE NEWS
A Fresh Start for Laing+Simmons Kings Langley | Kings Park
Sales executives Garry Cooper and Greg Cameron will take the reins of the business that operates in the Kings Langley and Kings Park areas. Garry Cooper is confident on the prospects for the neighbouring suburbs given the turnaround in the sentiment in the Sydney market recently and believes the Kings Langley and Kings Park areas are well-positioned for growth as…
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Real Estate News
EBM RentCover focuses on educating landlords
For property owners, putting your largest asset in the hands of a tenant who you’ve never met and know little about can be a risky business – and EBM is trying to get the word out. EBM RentCover Managing Director of Sharon Fox-Slater said the company has recently rebranded and she was excited to continue to grow what is already…
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Real Estate News
Cobden & Hayson take the lead on mental wellbeing
New South Was agency, Cobden & Hayson, has taken the lead on mental wellbeing in the real estate profession, rolling out a new initiative they hope will boost their employee’s overall health. In an industry-first initiative, Cobden & Hayson has collaborated with the Real Estate Employers Federation (REEF) to draft and implement a Purchased Additional Leave policy. The program will…
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Real Estate News
Ray White’s innovative Apartment Collective reinvigorates the auction process
An innovative new auction approach has earnt a huge tick of approval from both buyers and sellers and is set to shake up the way the industry approaches older stock. Ray White’s recent Apartment Collective, an initiative to rejuvenate older stock has been hugely successful, selling 12 properties with a combined value of over $6 million over the course of…
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Elite Agent
Growing your adjacency revenue the easy way
With declining fees and falling revenue streams hurting many agents around the country, it is more important than ever to maximise every cent you’re earning. A new product allows real estate agents to monetise many of their preferred supplier relationships and create an additional passive stream of income for both agents and agencies. ezecomply starts the flow of adjacency revenue…
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INDUSTRY NEWS
Property prices start to recover in Sydney and Melbourne
There are some positive signs for property prices on the East Coast as both Sydney and Melbourne have posted monthly gains for the month of June. Values in Australia’s two major housing markets were up 0.2 per cent in Melbourne and 0.1 per cent in Sydney for the month, according to the latest figures from CoreLogic’s Hedonic Home Value Index.…
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Elite Agent
Getting Your House in Order: Tax Tips for the EOFY
With the EOFY year approaching, now is the perfect time to start getting your taxes in order in a bid to maximise your after-tax income. Here are some useful tips for real estate professionals. As the EOFY closes in, the clear advice for real estate professionals from the ATO is to know your deductions and keep good records. Tax time,…
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FRANCHISE NEWS
Three reasons this is the Best Real Estate Website in NZ
The way you present your agency website to both buyers and sellers is just as important as the way you present a home to potential buyers. At least that’s the belief of Mike McColl, Managing Director of New Zealand-based International Realty, who recently took out the award for Best Real Estate Website in New Zealand at the Asia Pacific Property…
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