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INDUSTRY NEWS
The landscaping trends set to be a hit in 2023
Earthy colours along with timber and stone-based structures are set to be the major trends in landscaping this year, predicts Landart founder Matt Leacy.
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APPOINTMENTS
5 questions with Kay & Burton’s new CEO Nathan Jones
Nathan Jones has been announced as the new CEO of Melbourne and Mornington Peninsula-based agency Kay & Burton.
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INDUSTRY NEWS
ANZ buys stake in Catalano’s View Media Group
ANZ has spent about $50 million to acquire a stake in View Media Group, majority owner of listings portal realestateview.com.au, in a move intended to see the major bank grow its mortgage book.
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INDUSTRY NEWS
Prices forecast to decline as much as 10pc in 2023: PropTrack
A new report from PropTrack shows that property prices are on track to decline by between seven and 10 per cent in 2023, with faster-than-anticipated interest rate rises to blame.
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INDUSTRY NEWS
Most economists are tipping a rate rise in February, but how much further will the RBA go?
Most economists are tipping a 25 basis point increase to the official cash rate after the Reserve Bank of Australia meets for the first time in 2023.
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INDUSTRY NEWS
Latest lending figures could be bad news for the rental market
A property expert says a decline in new investor lending could be a sign that the rental crisis is set to get worse following the release of the latest ABS lending data.
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SUPPLIER NEWS
First National to use REA Group’s Connect platform for digital prospecting
Agents across First National Real Estate’s 200-plus offices will be able to access REA Group’s Connect platform after the two companies announced a partnership agreement.
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FRANCHISE NEWS
Explore Property takes a new direction in Townsville
Explore Property leader Andrew Acton has announced changes to the group’sTownsville franchise with a new leadership team driving the brand forward.
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INDUSTRY NEWS
RBA expecting up to 800k fixed-rate loans to end in 2023
A senate committee looking into cost of living of living pressures has shed light on the size of the anticipated 'mortgage cliff' set to test the property market in 2023.
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INDUSTRY NEWS
Young buyers consider teaming up for first purchase
New research from NAB has found that 40 per cent of young Australians would consider buying property with someone other than a romantic partner as a way to get their foot on the property ladder.
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INDUSTRY NEWS
Why caravan parks could be a hot investment
The humble caravan park could be a solid investment prospect, according to a leading commercial real estate expert.
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INDUSTRY NEWS
NZ records 10th month of property value declines
Property values across New Zealand fell 0.3 per cent over January, continuing a downward trend that's lasted 10 months.
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INDUSTRY NEWS
Pace of property value declines eased in January, new data shows
The rapid pace of property price declines appears to have slowed, with most capital cities recording only a moderate decline in values during January, new data from PropTrack shows.
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Celebrity Homes
Circular Arizona house that was Frank Lloyd Wright’s final project for sale
Legendary architect Frank Lloyd Wright's final project before his death has been listed for sale with a price tag of US$8.95 million.
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INDUSTRY NEWS
Return of overseas students could place further pressure on rents
An anticipated increase in the number of overseas students coming to Australia following the Chinese Government's edict that students must return to face-to-face study could lead to rent rises of five per cent or more, one expert predicts.
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INDUSTRY NEWS
South Australia notches a new record despite declining sales
The South Australian property market posted a record new median price during the December quarter despite a decline in the volume of sales, the Real Estate Institute of South Australia says.
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Celebrity Homes
Britney Spears looking to offload her Calabasas mansion after six months
After less than six months of ownership, popstar Britney Spears is quietly shopping around her massive Calabasas mansion, asking US$12 million for the luxury home.
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INDUSTRY NEWS
If Australia follows the US into a tech downturn, these areas will be the most impacted
We may be in a cost of living crisis but we are certainly not in an employment crisis.
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FEATURE INTERVIEWS
5 questions with Fraser Lack, the Survivor ‘villain’ who wants to change the way Australians perceive real estate agents
Australian Survivor contestant and BigginScott Port Melbourne agent Fraser Lack may be playing a villain this season, but he's hoping to change perceptions of the industry with his appearance.
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INDUSTRY NEWS
Keller Williams lawsuit: Is this the end of cold calling?
US real estate firm Keller Williams has agreed to pay US$40 million as part of a settlement agreement after it faced a class action lawsuit alleging it had violated the Telephone Consumer Protection Act, raising questions about the viability of cold calling.
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INDUSTRY NEWS
New Zealand inflation figures remain stubbornly high
The latest New Zealand Consumer Price Index readings indicate the Reserve Bank of New Zealand is likely to opt for a 0.75 per cent increase to the cash rate when it meets next, a leading economist says.
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INDUSTRY NEWS
December quarter inflation figures higher than expected
The Consumer Price Index rose 7.8 per cent in the 12 months to December, higher than the predicted 7.5 per cent, raising the likelihood that the Reserve Bank of Australia will hike the cash rate in February.
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INDUSTRY NEWS
Property price declines losing pace, Domain says
Property prices declined at a slower rate during the December quarter according to Domain, in a sign that the current downturn may be losing momentum.
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WEIRD AND WONDERFUL
Creepy interior decorations have everyone talking about this UK listing
Internet sleuths were quick to point out some creepy additions visible in the marketing photos for a UK listing.
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INDUSTRY NEWS
Queensland ranked number one state economy by CommSec
An uptick in sea and tree changers heading north has led to Queensland being ranked the best-performing state economy for the first time in the 13-year history of CommSec’s State of the States report.
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INDUSTRY NEWS
Residential land prices stabilise after 26 per cent surge
The cost of new residential land has stabilised following a strong two years of growth, with rising interest rates the key reason, according to the Housing Industry Association.
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TECH + SOCIAL
Our favourite new tech ideas from CES 2023
The annual Consumer Electronics Show in Las Vegas was back with a bang this January, with no shortage of new tech ideas that could help give agents the upper hand.
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APPOINTMENTS
The Agency appoints Sally O’Connell to GM of Sales for Victoria and Tasmania
The Agency has appointed Sally O’Connell to the role of General Manager of Sales - Victoria and Tasmania, with the former Macquarie Bank executive hoping to replicate the success the brand has seen in the NSW and Western Australia markets.
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Celebrity Homes
Ellen DeGeneres sells historic Montecito property for the second time
Ellen DeGeneres and Portia de Rossi have offloaded their historic Santa Barbara property to the CEO and founder of dating app Bumble for a reported US$21 million.
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INDUSTRY NEWS
New Zealand unlikely to ease borrowing restrictions in 2023
The Reserve Bank of New Zealand is unlikely to ease current loan-to-value ratio restrictions that require investors to cough up a minimum deposit of 40 per cent, CoreLogic New Zealand's Chief Property Economist Kelvin Davidson says.
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INDUSTRY NEWS
Rental listings the lowest they’ve been since 2003, PropTrack finds
The number of rental listings advertised in Australia's capital cities has reached its lowest point in nearly 20 years, according to PropTrack.
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APPOINTMENTS
Glenn Curran on joining The Agency and what’s in store for Sydney’s market in 2023
The Agency has extended its reach in Sydney's Upper North Shore market with the appointment of Glenn Curran as a Property Partner, with Mr Curran predicting a strong year of sales on the back of a resurgence in overseas buyers.
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WEIRD AND WONDERFUL
This Mornington Peninsula home is stuck in the 1960s and proud of it
A Victorian property listing complete with bright flower wallpaper and chequerboard floors has hit the market, offering buyers a slice of 1960's inspired nostalgia.
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INDUSTRY NEWS
Mortgage refinancing activity up as survey shows borrowers are fudging the numbers
Owner-occupiers are refinancing in record numbers according to new statistics from the Australian Bureau of Statistics, as separate figures from Finder show that more than 10 per cent of borrowers lied about details on their loan application.
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INDUSTRY NEWS
The social media accounts we’re following right now
Here's a selection of the social accounts we've been following over the break.
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