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National
National vacancy rate hits new low of 1.1 per cent
The national vacancy rate has hit a new low of just 1.1 per cent after recording its largest drop in more than a year in August.
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INDUSTRY NEWS
Honest marketing plan sees hoarder house sell way above reserve at auction
A Central Coast hoarder house, complete with clutter and disarray has been sold for an astounding $160,000 over its reserve price, catching onlookers and real estate agents off guard.
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Real Estate News
Claudia Portale takes her talent to The Agency
When Claudia Portale’s vendors are close to selling their properties, it’s not uncommon for the dedicated agent to lose a little sleep at night.
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Real Estate News
Build-to-rent set to take off in Australia
Australia’s build-to-rent sector is set to grow to 55,000 dedicated units by 2030, with growth set to mirror that of the UK from 2015 onwards.
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INDUSTRY NEWS
Best Nest creates innovative rewards program to ease tenant vacate costs
An innovative property management agency on Sydney’s far western outskirts is set to introduce a new tenant rewards program that solves one of renters main pain points - the added costs associated with vacating a property.
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Real Estate News
Major real estate firms suffer multi-million dollar losses as WeWork teeters on brink of collapse
Real estate firms who backed troubled shared workspace provider, WeWork, when it went public two years ago have now reportedly lost millions of dollars.
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Elite Agent
Unlock career growth: TED Talks every agent should watch
In the competitive world of real estate, just as in elite sport, sometimes it's the small improvements - the one-percenters - that can set you apart from your competitors.
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INDUSTRY NEWS
Reserve Bank keeps interest rates on hold for third consecutive month
The Reserve Bank of Australia has kept interest rates on hold for a third consecutive month as it seeks to gain more clarity on the nation’s economic outlook.
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INDUSTRY NEWS
Financial strain: 15 per cent of homeowners fear selling amidst rising costs
Distressed property sales could be on the rise according to new research which shows 15 per cent of homeowners are worried they might have to sell their property due to the rising cost of living.
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INDUSTRY NEWS
New listings off to a strong start this spring
The spring selling season appears to have started early with new listings growing 9.4 per cent across Australia in August.
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INDUSTRY NEWS
Has the interest rate rising cycle run its course?
Two-thirds of experts believe interest rates have peaked, while 97 per cent say the Reserve Bank of Australia will keep the cash rate steady at the next meeting.
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INDUSTRY NEWS
The suburbs where owners hold homes more than 20 years
Clarinda, in Melbourne’s south-east, has been named the country’s most tightly held suburb for houses, with homeowners holding onto their properties for an average 24.4 years.
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INDUSTRY NEWS
MyBrix set to shake up property finance
A peer-to-peer platform that enables buyers to fund and invest in Australian real estate is set to launch next month, promising no interest and no repayments for homeowners.
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INDUSTRY NEWS
The Agency increases market share and poised for more growth in 2024
The Agency sold more homes in the 2023 financial year despite national market transactions dropping more than 20 per cent, according to the group’s newly released financial and operational update.
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INDUSTRY NEWS
‘Retiring renters’: Australia’s future crisis as home ownership falls 18 per cent for young adults
Home ownership rates have fallen almost 20 per cent in the past 40 years, with further headwinds propelling Australia towards a growing population of “retiring renters”, according to the REIA.
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FEATURE INTERVIEWS
From isolation to innovation: How REACH Australia’s support transforms PropTech startups into global success stories
Building a PropTech platform can be a lonely experience, according to John Hellaby.
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Celebrity Homes
Landscaping guru and The Block favourite Dave Franklin is selling his Beaumaris beauty
In the coastal paradise of Beaumaris, Dave Franklin's family home tells a story that's as captivating as the scenic bay views it overlooks.
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INDUSTRY NEWS
REA Group identifies ways to ease the NSW rental crisis
Unlocking housing supply, including improved use of existing properties and streamlined government planning processes to boost fast and effective development, are among the key recommendations from REA Group to solve the rental crisis in NSW.
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Elite Agent
Wiseberry Herritage: Practising property managment with passion – Part 2.
At Wiseberry Heritage the award-winning property management team practices their craft with passion, with a capital P.
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INDUSTRY NEWS
Social housing boost for Sydney’s Waterloo Estate
Almost 500 additional social and affordable homes will be added to Waterloo Estate, under revised plans for the rejuvenations of one of the nation’s largest social housing estates.
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FEATURE INTERVIEWS
Wiseberry Heritage: Practising property management with passion
At Wiseberry Heritage the award-winning property management team practices their craft with passion, with a capital P.
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INDUSTRY NEWS
New Zealand AI firm ListAssist selected for Miami pitch battle
New Zealand AI company ListAssist has been selected to compete in the Innovation, Opportunity & Investment Summit’s Pitch Battle in Miami next week.
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FEATURE INTERVIEWS
The strategies behind Wiseberry Heritage’s AREA-winning property management team
In business, people often say they do things differently and then you discover it’s little more than window dressing.
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INDUSTRY NEWS
McGrath posts $6.2 million profit with 18 new offices
McGrath has posted a solid net profit after tax of $6.2 million for the 2022-2023 financial year, despite a tough property market, driven by historically low listings.
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FRANCHISE NEWS
Terase Davidson takes The Agency to Byron Bay
Terase Davidson feels a deep connection with Byron Bay.
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INDUSTRY NEWS
Domain profit dips but green shoots are appearing
Domain Chief Executive Officer Jason Pellegrino has labelled the Australian property market over the past six to nine months as the “most challenging” ever seen, with the group posting reduced revenue and profits.
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National
Industry applauds National Cabinet’s property reforms
A step in the right direction, game-changing, ambitious and sensible are just some of the terms real estate industry bodies have used to describe National Cabinet’s housing policies announced this week.
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INDUSTRY NEWS
More new homes and rent limits on the way
National Cabinet has supported a deal to build 1.2 million homes over five years from July 2024, with Prime Minister Anthony Albanese also rejecting the idea of a rent freeze but signalling rent limits are on the cards. Under the plan, an additional 200,000 homes will be built on top of the one million properties originally announced in the new…
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National
David ‘Kochie’ Koch joins Compare the Market
Former Sunrise host David Koch has issued a challenge to Australians to switch and save on a “big bill” every week for the next two months.
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Real Estate News
The Block marketing campaigns launch on Domain
Buyers look set to fork out close to $3 million for the homes on season 19 of The Block, with the marketing campaigns going live on Domain this week.
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SUPPLIER NEWS
Listings slump leads to REA Group profit drop
A 12 per cent decline in national listings is one of the key factors behind REA Group posting a nine per cent drop in net profit in the year ended June 30.
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INDUSTRY NEWS
Elevate Residential joins fight against over-55 women’s homelessness
A Brisbane real estate agency has joined a campaign to help give women over 55, who are at risk of homelessness, access to safe and affordable housing and personalised support packages.
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Real Estate News
Domain launches new app features with a drive to reinvent search
With a view to reinvent the way buyers search for and progress towards buying a home, Domain has released new app features that will making finding a property easier, more transparent and more insights-driven.
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INDUSTRY NEWS
Which generation is most likely to engage in rent bidding?
Baby boomers are the least likely cohort of renters to engage in rent bidding, according to new research from rent.com.au.
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INDUSTRY NEWS
The Agency launches a storybook to help children cope with the stresses of moving
The Agency has launched a children’s book to help families manage the stress of moving house.
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