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INDUSTRY NEWS
Surging demand meets limited stock: capital city clearance rates rebound
The demand is there but limited stock has seen the combined capitals auction clearance rate hit a five-week high at a time when it traditionally plateaus.
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INDUSTRY NEWS
Four amazing tips you need to know from Elite Retreat 2023
Adaptability is the new competitive advantage, building a community around your business, developing a positive workplace culture and using AI to grow your business without growing your costs, were just some of the main themes to come from Elite Retreat 2023.
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Real Estate News
Sad day as :Different goes into voluntary administration
Australian PropTech company :Different has gone into voluntary administration, with KPMG set to sell the platform’s assets and intellectual property.
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INDUSTRY NEWS
Victoria dominates most in-demand suburbs
The Victorian suburbs of Berwick and Melbourne are the two most in-demand suburbs in the nation, according to new PropTrack data.
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Real Estate News
Short-term and loss-making resales on the rise
Some sellers could be incurring a loss in order to avoid high mortgage repayments, with new data showing the number of loss-making resales held under two years has spiked.
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Real Estate News
The building inspection tips your vendors haven’t thought of
An Adelaide building inspections company has released a 12-step checklist for real estate agents and their vendors to prepare a home for sale, ensure they’re not caught out by ‘hidden’ building issues and help generate the best price possible.
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Elite Agent
A firm grip on personality: the handshake language
The handshake is a universal gesture of greeting, farewell, agreement, and friendship.
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APPOINTMENTS
Lisa Pennell appointed new CEO for Barry Plant
Lisa Pennell has been appointed chief executive officer of the Barry Plant Group just six months after joining the brand as its chief operating officer.
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Real Estate News
Western Australia has the best property market conditions
Some of Australia’s smaller capital cities and their associated regional areas have the strongest property markets in the country according to new analysis.
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INDUSTRY NEWS
Fisherman Bay has Australia’s most serviceable mortgage repayments
Buyers looking for the most economical towns and suburbs where mortgage repayments are manageable should head to Fisherman Bay in regional South Australia.
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INDUSTRY NEWS
REIA hits out at Greens over rental inquiry fiasco
The Real Estate Institute of Australia (REIA) has slammed the Greens over the party’s decision to block the House Australia Future Fund and call for an inquiry into the housing crisis.
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Celebrity Homes
Step inside the Barbie Dreamhouse with Margot Robbie
In an exclusive sneak peek, Australian actress and Hollywood star, Margot Robbie, has given fans a mesmerising tour of the iconic Barbie Dreamhouse in the film.
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National
Investment property listings skyrocket in capital cities
The number of investment properties hitting the market has soared past decade-long averages in three capital cities, despite overall new listings remaining well below normal.
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INDUSTRY NEWS
National housing market set to recover next financial year
House prices in Sydney, Adelaide and Perth could have fully recovered from the 2022 downturn and reached new record highs by the end of the 2023-2024 financial year.
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Elite Agent
Grey matters: Why buyers will pay more for dark grey interiors
Dusky, dramatic walls are transforming the real estate market as buyers bid more for homes adorned with dark grey interiors.
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INDUSTRY NEWS
New AI tool lets agents in on secret off-market opportunities
One of the original founders of Pricefinder has launched an AI-powered tool to help real estate agents generate more off-market property leads.
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INDUSTRY NEWS
Flagstaff Hill the top pick for house investors
South Australia’s Flagstaff Hill has been named the country’s top suburb for house investors, with a strong median listing price, encouraging rent and buy affordability metrics and solid yields making it a top choice.
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INDUSTRY NEWS
Aussie small towns among the world’s most beautiful
Port Fairy on Victoria’s Shipwreck Coast and Esperance, on Western Australia’s South Coast, have been named in Architectural Digest’s 50 Most Beautiful Small Towns in the World. The list, which is compiled annually, also includes towns such as Albarracin, in Spain, where the pink and orange coloured buildings blend seamlessly with their rocky mountain backdrop. Then there’s Banos, in Ecuador,…
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National
Hundreds of markets lose million-dollar status
More than 250 house and unit markets have dropped out of the million-dollar club nationally, with Perth the only capital city not caught up in the downward spiral.
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INDUSTRY NEWS
Regional areas not the solution to city housing pressures
In the face of soaring living costs, a growing number of urban residents are contemplating a shift to regional areas in search of affordable and comfortable lifestyles.
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INDUSTRY NEWS
Sydney’s prime rental market hits new heights
A chronic undersupply of existing rental stock and low construction volumes have fuelled a surge in Sydney’s prime rents, with the city jumping to third on a global list measuring luxury residential rental growth.
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INDUSTRY NEWS
Australian employees battle high stress levels and ‘quiet quitting’ phenomenon
Australian employees are among the world’s most stressed and engage in ‘quiet quitting’ at work at a significantly higher percentage than the world average, according to new analysis. The State of the Global Workplace 2023 Report shows 47 per cent of Australian workers experienced stress during much of their working day compared to the global average of 44 per cent.…
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Elite Agent
Alice Geddes: a taste for success
When Alice Geddes first dreamt of her ideal career, real estate never came into the picture.
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INDUSTRY NEWS
Queensland Budget offers “little hope” for long-term housing solutions
The Real Estate Institute of Queensland says Queenslanders looking to enter the property market or secure long-term shelter for their family will find “little hope” in the State Budget.
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COMMERCIAL
Commercial property investors seek cemeteries and brothels in unorthodox property hunt
Carparks, churches, cemeteries and brothels are among the unorthodox assets commercial property investors have turned to in recent years as they search for growth, development potential and long-term capital appreciation.
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INDUSTRY NEWS
REIV leader Quentin Kilian and Charter Hall co-founder Cedric Fuchs named in King’s Birthday Honours List
Real Estate Institute of Victoria Chief Executive Officer Quentin Kilian has been named in the King’s Birthday Honours List, receiving a Medal of the Order (OAM) for his service to the real estate industry.
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BEST PRACTICE
Mel Robbins reveals four key insights to overcome procrastination
You've got a huge listing presentation tomorrow but rather than preparing for it, you spend an hour scrolling through social media.
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INDUSTRY NEWS
Could Chinese developers Forbes Global 2000 rankings spark hope for Aussie build-to-rent solutions?
One of China’s largest residential property developers, with a key stake in build-to-rent in the country, has ranked second on Forbes’s Global 2000 list of the 10 largest real estate companies in the world.
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Real Estate News
Escalating mortgage defaults as Australians grapple with mounting financial pressure
The number of Australians defaulting on their home loan is on the rise, according to new research.
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WEIRD AND WONDERFUL
Outlandish Oklahoma property looks normal on the outside but is vibrant on the inside
From the outside this unassuming Oklahoma property looks like your typical suburban, family home.
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Real Estate News
Unlocking the potential: Transform winners experience breakthroughs with AI and efficiency
Artificial Intelligence mastery, soaring productivity and a more purposeful, peaceful workday are just some of the improvements the latest cohort of Transform winners have reported in their business after completing the 30-day challenge.
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Real Estate Agent Events
Forget Europe, join us in Bali this winter
If you’re not heading to Europe this July, it doesn’t mean you have to spend winter in the cold, you can still escape to Bali with us for Elite Retreat.
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INDUSTRY NEWS
Build-to-rent case study: the Smith Collective’s lasting legacy
The head of Australia’s first build-to-rent community, the Smith Collective, has called on the Queensland Government to include the housing model as part of the Brisbane Olympic’s legacy.
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EPM: Industry News
RBA doubles down on interest rates as REIA says housing affordability at its worst this century
The Reserve Bank boss has doubled down on the need for this week’s interest rate hike, despite admitting some households are feeling the pinch and mortgage arrears have increased.
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INDUSTRY NEWS
Perth homes snapped up with listings at 13-year low
Perth listing levels have fallen to their lowest point in 13 years, with homes selling at their fastest rate on record.
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