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Real Estate News
APRA steps in to curb mortgage debt with increased interest rate buffer
The Australian Prudential Regulatory Authority (APRA) has stepped in to curb household mortgage debt, announcing stricter lending conditions.
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OPINION
Will there be a real estate lockdown legacy in Sydney and Melbourne?
Property market commentator Simon Pressley has warned of a lockdown legacy in the making due to the exodus of residents from Australia’s two largest cities.
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Real Estate News
Busiest auction week since mid-July as Melbourne records its second highest clearance rate this year
CoreLogic has reported this was the busiest auction week since mid-July, with the preliminary clearance rate also on the rise and Melbourne returning its second highest initial success rate of the year.
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INDUSTRY NEWS
Highest auction clearance rate since March
A sharp drop in the number of withdrawn auctions in Melbourne and Canberra has resulted in the highest auction clearance rate since March this year.
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Real Estate News
Clearance rate improves across higher volumes
With one-on-one inspections now permitted in Melbourne, auction volumes have increased slightly this week while the combined capital preliminary clearance rate also edged higher to 74.6 per cent.
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Real Estate News
Could Vic lockdowns create the risk of an unregulated environment?
Ray White Victoria’s chief executive officer has expressed concern the current lockdown restrictions affecting real estate in Melbourne could result in an unregulated environment where desperate buyers take matters into their own hands.
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Real Estate News
Auction volume and clearance rate enjoy slight increase
There has been a slight increase in auction volume this week as the preliminary clearance rate also took an upward turn.
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Real Estate News
Propy completes the first auction of a property as a non-fungible token
US real estate platform Propy has completed the first auction of a property as a non-fungible token in a move that demonstrates how blockchain could change real estate in the future. Held in late June, the 24-hour auction involved a token for an apartment in the Ukraine which attracted 43 bids and sold for 36 ETH (or around US$93,000), with…
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Real Estate News
Lower volumes lift the auction clearance rate
Auction volumes have dropped this week, but the clearance rate has risen, with 1535 properties taken to auction nationally, res
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Real Estate News
National home prices continue to rise but housing boom is slowly losing steam
Affordability constraints, rather than lockdowns, have slowed but not halted the rise in property values, according to the latest report from CoreLogic.
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Real Estate News
Melbourne withdrawals weigh heavily on auction clearance rate
Scheduled auction volumes might have increased this week, but with 64.3 per cent of all Melbourne auctions withdrawn, the preliminary clearance rate has slumped to its lowest level since late April last year.
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FRANCHISE NEWS
The Agency confirms record revenue
The Agency has confirmed a record financial year, announcing revenue increased 39.36 per cent in 2020/21 to $58.38 million.
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Real Estate News
The vexing issue of vaccination: How the real estate industry is tackling the issue
How should the real estate industry approach the issue of vaccination? We put the question to some of the country’s largest groups to see how they’re handling the vaccination debate.
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Elite Agent
The sky is the limit: What if Virgin did real estate?
What would it look like if Virgin moved into real estate? At Transform, Virgin Australia General Manager Emma Mehaffey offered her thoughts.
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Real Estate News
McGrath celebrates stellar financial turnaround
McGrath has finished the 2021 financial year on a high, announcing an $18.3 million turnaround on its previous financial year results.
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Real Estate News
Withdrawals see clearance rate drop to lowest level since July 2020
This week saw the lowest preliminary clearance rate recorded since July last year, with only 63.3 per cent of the 1977 auctions scheduled for this week proving successful.
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Real Estate News
Housing affordability and supply in the spotlight
Housing affordability is set to be the focus after an inquiry into Australia’s housing supply was announced late today.
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Real Estate News
Auction clearance rate lower as markets navigate lockdowns
The volume of properties taken to auction was slightly higher this week, but the clearance rate dropped marginally as the most popular markets navigated lockdown.
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Real Estate News
Auction volumes and clearance rate dip with three major capitals in lockdown
Both auction volumes and the preliminary clearance rate fell this week in the wake of lockdowns across Australia's three largest capitals.
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Real Estate News
Auction volumes steady, clearance rate rises
This week’s preliminary clearance rate has edged higher and volumes remain on par with previous weeks, despite the fact more than 250 of the anticipated 2077 auctions for this weekend were rescheduled to a later date.
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FEATURE INTERVIEWS
Creating better connections: Heidi Howe
Heidi Howe didn’t seek out a career in real estate. She fell into it by chance, effortlessly landing on her feet in a role that combines a love of community with a go-getter mindset. As the new director of Harcourts St Helens in Tasmania, Heidi was also recently named the winner of Transform 2021. Heidi Howe’s path into real estate…
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Real Estate News
The Agency on track for record financial year results
The Agency’s planned growth trajectory continues, with the group’s results for the June quarter indicating the company is on track for 2020/21 financial year EBITDA of more than $4 million.
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INDUSTRY NEWS
Market Buy seeks to provide a listing presentation advantage
A great digital profile and solid reputation might get you through the door, but nothing secures a listing quite like the cold hard data of proven results, according to Market Buy’s John Hellaby. A former agent himself, Mr Hellaby explained Market Buy provides all real estate clients with that data, with every sale on the platform compiled into a PDF…
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Real Estate News
Real estate coach Sherrie Storor has a focus on agent photoshoots
Real estate coach Sherrie Storor will be hosting on-site photoshoot sessions offering hands-on guidance on what agents should capture in a photoshoot for their social media profile.
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INDUSTRY NEWS
Fewer properties taken to auction due to multiple lockdowns
There were 1849 homes taken to auction across the combined capital cities this week, resulting in a preliminary clearance rate of 74.8 per cent this week.
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Real Estate News
Openn Negotiation set to go public
Digital sales platform, Openn Negotiation is just hours away from becoming a publicly-listed company, with the real estate proptech co set to start trading on the Australian Securities Exchange (ASX) from 10am on July 21.
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INDUSTRY NEWS
Clearance rate steady despite lockdowns in the largest auction markets
The combined capital city preliminary auction clearance rate remained relatively steady week-on-week, despite the announcement earlier in the week that Sydney was extending the current lockdown and Melbourne was commencing a fifth lockdown.
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Real Estate News
National auction volumes remain steady despite drop in Sydney
The preliminary auction clearance rate has risen to 76.4 per cent this week, with volumes remaining relatively steady despite a 17 per cent drop in the number of predicted auctions in Sydney.
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FEATURE INTERVIEWS
Sam Linn: Success in a town like Alice
Looking back on 2020, Northern Territory sales agent Sam Linn notes it was a watershed year professionally and personally.
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INDUSTRY NEWS
Herron Todd White issues ‘half time’ property market score for 2021
Herron Todd White (HTW) has issued their ‘half time score’ for the property market in 2021, with their June Month in Review highlighting ‘mostly robust property markets across the nation’.
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THE ELEVATE PODCAST
Inspiration before motivation: A leadership conversation with Manos Findikakis
Manos Findikakis shares a wealth of wisdom derived from almost 20 years in the industry, including his approach to leadership, why numbers set agents free, how he inspires his team, and why the biggest challenge right now isn’t a shortage of stock.
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INDUSTRY NEWS
Cash rate remains on hold, but RBA eases up on bond buying
The Reserve Bank of Australia has left the official cash rate on hold at its July meeting, but signalled it intends to wind back its bond buying program as Australia transitions from “recovery to expansion”.
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INDUSTRY NEWS
Auction volumes and clearance rates dip due to COVID uncertainty
The preliminary clearance rate came in at a lower 73.6 per cent this week after the volume of auctions dipped slightly due to COVID lockdowns in multiple Australian states.
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THE ELEVATE PODCAST
Simon Caulfield: The power and the passion
In this episode of the Elevate podcast, Place Kangaroo Point Director, Simon shares the story of how he went from a rookie agent sleeping under his desk to selling luxury property in the Queensland capital.
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THE ELEVATE PODCAST
How to get editorial coverage for your listing: Alice Stolz
In this episode of the Elevate podcast, Domain managing editor Alice Stolz offers her unique insight into Australia’s ongoing love of property and how agents can harness it to create content that attracts media attention.
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