INDUSTRY NEWS
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NZ property prices to grow by less than 5 per cent
New Zealand property price growth is likely to dip below five per cent this year as rising interest rates start to bite according to an industry expert.
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Queenslanders view real estate agents in a positive light
While real estate agents can sometimes get a bad rap, a new survey shows people view agents in a positive light with most seeing them as friendly, helpful and accessible.
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Supermodel Sara Sampaio buys digital private island
Portuguese supermodel and Victoria’s Secret Angel, Sara Sampaio has bought herself a private island – the only problem is she can’t physically step foot on it. The digital island is in The Sandbox metaverse and cost the model 25 Ethereum, a cryptocurrency, worth about $110,000. According to Domain, the island was sold through the website Exclusible, and was one of…
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MoxiWorks acquires Aussie CRM ActivePipe
Leading US-based real estate technology platform, MoxiWorks, has announced the acquisition of the Australian lead nurturing platform ActivePipe.
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NSW, Victoria, ACT contain most tenant- friendly suburbs
NSW, Victoria and the ACT contain the most suburbs where rental conditions have changed to favour tenants in the past 12 months, according to new research.
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Victorian housing tax to add thousands to cost of new home
A new Victorian Government housing tax could see the cost of a new home jump $20,000 with first-home buyers to bear the brunt of the price rises according to industry experts.
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Entire Old West town for sale
If you’ve ever dreamed of living in the Old West, an entire replica town in Saguache, Colorado has just been listed for sale.
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Kristen Porter simplifies what employee Vs contractor decision means for real estate
Real estate agencies employing contractors should put contracts in place containing clauses that show someone is running their own business, according to a legal expert.
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Three new board members appointed to RESO
With over 1250 agents registered and 48,000 buyers invited into the platform across Australia and New Zealand and located in Adelaide’s innovation district Lot Fourteen alongside the likes of Amazon and Google, RESO looks toward a strong year ahead
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Border reopening good news for some but could tighten rental market
Australia’s international border has reopened and a leading buyers’ agent says that spells good news for landlords hard hit by the mass Covid exodus two years ago.
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Dilapidated Sydney homes selling well above reserve
Three rundown Sydney properties have sold well above their reserve price over the weekend, highlighting just how strong the current market is.
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Investors turn to fast food and childcare assets
Drive-through fast food, medical, childcare, hotels and large format retail premises are dominating the commercial investment market as the most highly-sought assets as investors look for stability.
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Court case shows why agents and creatives must read the fine print
Engaging a photographer to enhance your listing is par for the course for most real estate agents, but what most don’t know is they could be risking copyright infringement.
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National scheme needed to bolster falling home ownership rates
An economic policy expert has called on the Federal Government to introduce a national shared equity scheme to help halt Australia’s falling home ownership rates. Grattan Institute Economic Policy Program Director Brendan Coates said whichever party won the Federal Election this year needed to tackle housing affordability and turn the nation’s rapidly declining home ownership rates around. “Within living memory,…
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Clearance rate steady as auction volumes continue to rise
Auction activity continued to increase this week, with volume up 20.7 per cent week-on-week and 36.2 per cent higher than the same time last year.
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The gap between house and unit values reaches a record high
Ongoing demand for more space has seen the difference in price between houses and units accelerate with the gap now at a record high.
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REIA announce National Awards for Excellence finalists
Finalists in the 17th REIA National Awards for Excellence 2022 have been announced, with the best agencies, agents and property managers set to vie for the coveted awards.
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Market Buy’s engine now available to brands
Online offer management platform Market Buy now provides brands with the ability to ‘white label’ their software for a branded experience.
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Luxe Listings Sydney is back for Season 2… with a new agent
The hotly anticipated second season of the hit show, Luxe Listings Sydney is about to hit the screens in Australia after quickly becoming must-watch TV for lovers of high-end real estate.
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Domain’s marketplace strategy reaping results with half-year revenue up 27.9 per cent
Domain’s ‘Marketplace strategy’ is reaping rewards with the group posting revenue of $175.3 million for the first half of the 2021/22 financial year.
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More Queenslanders eyeing off a career in real estate
On the back of a booming property market and an influx of new residents, nearly one in three Queenslanders like the idea of a career in real estate.
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A different approach to real estate education
By the very nature of their profession, real estate agents are busy people, so when it comes to pursuing further study, the traditional process can be prohibitive.Â
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Retail property starting to bounce back
Sales volumes for retail property has returned to the highest levels since 2015 after seeing off a tough few years for the sector.
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Aussie iBuyer continues to grow as Zillow Offers exits US
A leading Australian iBuyer isn’t concerned about its position in the market despite Zillow calling it quits on its US homebuying business.
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High Court rules on employee versus independent contractor issue
The High Court has confirmed the primacy of contractual terms and the importance of contractual interpretation in two crucial decisions handed down on 9 February 2022 regarding the distinction between employees and independent contractors.
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Antony Catalano to launch a new Melbourne-based publication
ACM Executive Chairman, Antony Catalano has confirmed that ACM will launch its first local news, lifestyle & property publication in the inner east of Melbourne, capturing Richmond, Cremorne, Burnley, Abbotsford and East Melbourne: the Inner East ReView.
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Aussie’s Spent $688 billion on property in 2021
Australians spent a whopping $688 billion in a home buying spree in 2021, which was an astounding 57 per cent more than the year before.
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ANZ scraps its most popular home loan
ANZ will scrap its most popular Breakfree package in a move that will impact 350,000 existing customers.
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HTW property clock stable, but what will happen next?
Herron Todd White (HTW) has released its real estate predictions for the year ahead as the monthly property clocks continues to show market stability.
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Tree-changers drive regional property prices, reduce selling times
More space, flexible working conditions and affordability is fuelling a surge in regional property values, as Australians flee the capital cities in search of a more relaxed style of living.
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Mental health battles to force one in four property managers out
The pressures of the last two years have started to significantly impact the mental health of property managers across the country, with one in four now looking at leaving the industry.
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Similarweb names Openn in its Digital 100 annual rankings
Openn has been recognised by web traffic analysis company, Similarweb in an annual ranking of the fastest growing digital brands across five industry categories. Known as the Digital 100, the annual ranking is a globally recognised benchmark of digital performance. It ranks the fastest-growing sites in Australia across five key industry categories, including real estate, apparel, beauty, financial services, and…
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NSW and QLD driving demand for new housing
The home building boom is in full swing in NSW, with sales of new detached homes the second-highest on record over the past three months.
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Harcourts Packham initiates partnership to tackle homelessness in SA
A former backpacker’s hostel in the heart of the Adelaide CBD has been transformed into short-term accommodation for South Australians experiencing or at risk of homelessness in a partnership that is a first for the state.
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New data reveals best practice for email marketing
A new report from ActivePipe helps real estate agents make their email marketing more effective by revealing the key benchmarks to surpass to deliver best practice campaigns.
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