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Real Estate News
Property portal Homely celebrates its 10th birthday
A decade after a poor home buying experience left Jason Spencer lamenting the fact he couldn’t read street and suburb reviews during the process, the solution he and his brother Adam created will celebrate a major milestone.
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Real Estate News
First-home buyers surge, defying rising costs and rates
First-home buyers are fighting back against rising interest rates, the increased cost of borrowing and the increasing cost of living, leaving the charge for new home loans.
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INDUSTRY NEWS
Auction Snitch app to boost price transparency in property market
Two Sydney entrepreneurs, with a background in real estate and tech projects, have launched a new app that aims to increase price transparency in the Australian property market.
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APPOINTMENTS
Top talent steps into Harcourts CEO roles in two states
Building an auction culture in Victoria and zeroing in on growth and productivity will form the focus for two new Harcourts CEOs.
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TECH + SOCIAL
CES 2024 unveils game-changing tech for tomorrow’s world
Masks that would look at home in a spy’s arsenal, flying taxis, language interpreters, home robots and a whole lot more was on show at the 2024 Consumer Electronics Show in Las Vegas.
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INDUSTRY NEWS
REIQ calls for stamp duty concessions to keep up with rising property prices
The Real Estate Institute of Queensland (REIQ) has called for the stamp duty concession threshold for first home buyers to be increased to be more in line with current day property prices.
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Elite Agent
The must-try productivity hack for 2024
I recently helped my 11-year-old daughter change her room around, which resulted in a somewhat exasperating exchange about the state that room was initially in.
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INTERNATIONAL
NAR president Tracy Kasper resigns in shock move
The turmoil at the top at the National Association of Realtors (NAR) has continued with president Tracy Kasper resigning just two months after Chief Executive Officer Bob Goldberg brought forward his retirement.
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INDUSTRY NEWS
Perth property prices predicted to jump up to 10 per cent in 2024
Perth property prices could soar as much as 10 per cent in 2024, according to Damian Collins, who is the past president of the Real Estate Institute of Western Australia (REIWA).
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INDUSTRY NEWS
Step inside Santa’s home with a virtual tour that unveils the magic of Christmas
Surrounded by crisp white snow and adorned with festive lights and mistletoe, Santa’s North Pole cabin isn’t on the market, but you can take a tour, courtesy of some Artificial Intelligence magic.
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Real Estate News
NSW Fair Trading cautions against inadequate real estate training
NSW Fair Trading has urged agents and property managers to only use trusted, quality focused and registered training organisations for professional development and licensing, or risk having their qualifications challenged.
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INDUSTRY NEWS
Adam Neumann turns attention to new venture after WeWork collapse
Hot on the heels of the besieged WeWork being forced to file for bankruptcy, founder Adam Neumann has turned his attention to his newer real estate startup Flow.
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INDUSTRY NEWS
Vacancy rates ease but market remains exceptionally tight
You wouldn’t call it a Christmas gift, but vacancy rates eased slightly in November, with the national vacancy rate up .04 percentage points in November.
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Elite Agent
Is real estate’s PR problem solved? How tech can build trust in the real estate sector
Real estate agencies can turn to technology to help them build trust with clients and maintain them as life-long supporters, according to an industry expert.
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INDUSTRY NEWS
Foreign investment fees up, aiming to ease Aussie housing crisis
The Federal Government will triple foreign investment fees for the purchase of established homes and double ‘ghost house’ fees for foreign-owned dwellings in a bid to boost Australia’s housing stock.
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Elite Agent
Three ways to give back to your clients this festive season
It doesn’t matter what industry you work in or what suburb you live in, everyone likes to receive a ‘thank you’. The trouble is, in today’s fast-paced society, saying ‘thank you’ can be easily forgotten. But US psychologist Sara Algoe, from the University of North Carolina, says those two little words can have a big impact. Rather than just being…
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INDUSTRY NEWS
Store linked to bushranger Ned Kelly hits the market
A Benalla store where Ned Kelly battled with police has hit the market for the first time in 35 years.
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INDUSTRY NEWS
RBA appoints a new chief economist and assistant governor
Sarah Hunter has been appointed chief economist and assistant governor (Economic) at the Reserve Bank of Australia (RBA).
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INDUSTRY NEWS
Leanne Pilkington named president of REIA
A powerhouse trio of female real estate experts will lead the Real Estate Institute of Australia into 2024, with Leanne Pilkington being named president and Hannah Gill taking on the deputy president role.
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Real Estate News
Darwin property market poised for major growth
Double digit property price growth is tipped for Darwin in 2024, with one expert forecasting a return to the dizzying heights of 2012.
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INDUSTRY NEWS
Aussie mortgage holders spared a Christmas interest rate rise
The Reserve Bank of Australia has provided mortgage holders a Christmas time reprieve, electing to keep interest rates on hold at 4.35 per cent at today’s board meeting.
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INDUSTRY NEWS
Real estate networks champion charitable causes
Real estate agents are a philanthropic bunch and with Christmas just around the corner, three networks have given back to charitable causes aimed at making the lives of others better.
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INDUSTRY NEWS
See inside the tiny apartment worth $500,000
A minuscule apartment in Bondi Beach has been snapped up at auction for a staggering $511,000, surpassing its reserve by more than $41,000.
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INDUSTRY NEWS
Australia’s most viewed properties in 2023
A chapel with a graveyard, a fixer-upper with 19 bedrooms, a house from The Block, an abode with a Raffles Hotel bar and a breathtaking rural property were among the most viewed homes on Domain this year.
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INDUSTRY NEWS
What buyers want – granny flats, sheds, new homes and a study
Sydney buyers want granny flats, Melbournites are looking for new builds, while over in the west, the humble shed is high on people’s wish lists.
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INDUSTRY NEWS
Property prices hit record high despite growth slowing
Australian property prices have hit a new record high, climbing 0.22 per cent in November, according to PropTrack.
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National
Property prices tipped to rise further in 2024
Combined capital city house and unit prices are tipped to reach a record high in 2024, after price expectations defied forecast declines in 2023.
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INDUSTRY NEWS
Unlocking confidence in Australia’s property market: agents hold the key to easing frustration and uncertainty
Australians are feeling frustrated, unbalanced and uncertain about the current property market, providing agents an opportunity to solve the confidence equation and get ahead of the competition as a trusted industry advisor.
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INDUSTRY NEWS
Andrew Hauser appointed Deputy Governor of the RBA
The Federal Government has appointed Andrew Hauser as Deputy Governor of the Reserve Bank of Australia (RBA) for a five‑year term.
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National
Home ownership hurdles: 2023 sees soaring costs, sinking affordability
Housing affordability has plummeted on three fronts in 2023, with simultaneous rises in rent values, housing values and interest rates putting home ownership further out of reach for many.
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INDUSTRY NEWS
Buying beats renting in over a third of Australian homes
Rent growth over the past 12 months means it’s still cheaper to buy than rent more than one-third of Australian homes.
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INDUSTRY NEWS
Summer’s approach spurs REIA to champion mutual agreements for tenant home modifications
Tenants looking to make moderate changes to a property they’re renting should reach out to their property manager in a bid to put in place a Mutual Agreement, according to a top industry body.
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Elite Agent
How ethics and empathy built Daniel Harris’s real estate career
Daniel Harris’s real estate philosophy is simple.
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National
National Home Value Index hits a new high
Australia’s property market has experienced a V-shaped recovery, with the national Home Value Index hitting a new record.
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INDUSTRY NEWS
Jazz bands and nostalgia: Peter Brewer’s creative twist to sell treasured family home
When REIQ Chairman Peter Brewer set out to select the team to sell the family home, he knew exactly what he wanted in an agent.
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