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Covid regional hotspots lead price declines
The Covid boom that saw tens of thousands of people moving to regional Australia has officially come to end, with many regional hotspots now leading the downturn.
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Where it’s cheaper to buy than rent
After the surge in property prices over the past few years, it’s now cheaper to buy than rent a house in only 13.8 per cent of suburbs, according to Domain.
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FRANCHISE NEWS
Introducing JET Real Estate Byron Bay
Jason Dittmar, Elizabeth Hickey and Tania Sheppard are JET - the newest agency to hit the Byron Shire and Tweed Valley.
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FRANCHISE NEWS
A combined vision for culture: Michell Estate Agents launches with UrbanX
Simone Michell, in partnership with UrbanX, is excited to launch Michell Estate Agents, empowering her to create a space that embodies everything she believes in.
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2022 AREAs submissions close this week
Australian property professionals have until midnight this Friday 18 November to finalise their submissions for the 2022 Annual REA Excellence Awards (AREAs).
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Top US real estate agent sells 16 homes every day
Texas real estate agent, Ben Caballero, might be 83 years old, but he’s officially the top sales agent in the US, selling a staggering 16 homes every single day.
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BTW
Ray White Victoria and Tasmania welcome new chief auctioneer
Jeremy Tyrrell has been working with Ray White for almost a decade, helping them to become a market leading auction business in the state. The Announcement: Award winning Ray White auctioneer Jeremy Tyrrell has been elevated into the role of chief auctioneer for the group’s Victorian and Tasmanian network. Mr Tyrrell previously worked for Ray White in Victoria as chief auctioneer…
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RBA rate hikes kick in for variable borrowers
Borrowers with a CBA, NAB and ANZ variable home loan have had a 0.25 per cent interest rate rise, with the banks passing on the RBA's November rate hike.
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Noosa dream home sells for $27 million in record off-market deal
A stunning Noosa Heads waterfront residence has defied softer market conditions and hit a new local price benchmark, after secretly selling for $27 million. The significant deal was achieved by Richardson & Wrench Noosa Principal Gillian McCauley in July with settlement now finalised.
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First annual decline in Australian home values since October 2019
The value of Australian residential real estate continued to decline in October, down to $9.5 trillion from $9.6 trillion according to CoreLogic.
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BTW
Adelaide real estate leader receives national network’s biggest honour
Stephen Mutton, General Manager of Network at LJ Hooker, commended both Frank Newton and Mario Bonomi on their achievements. The Announcement: Adelaide real estate stalwart Mario Bonomi has received the highest honour at LJ Hooker’s international awards gala held in Cairns this week. Mr Bonomi, joint principal of LJ Hooker’s Adelaide Metro and Commercial offices, was bestowed the Sir Leslie…
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Real Estate News
iBuying platforms falling like dominoes
It hasn’t been a good start to November if you’re an iBuying platform, with Redfin closing its house-flipping business and sacking 13 per cent of its team as the brokerage deals with the downturn in the US property market.
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5 secrets to growing your rent roll
What is the secret to building a successful property management agency?
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4 million virtual inspections show changing trends in buying property
More than four million digital property inspections have been undertaken on a leading virtual tours platform over the past 24 months, demonstrating a clear trend in how Australians want to rent and purchase property.
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More choice for buyers as listings rise
The total number of properties for sale is increasing in nearly every part of the country, finally giving more choice to buyers.
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Switch and save on your business insurance
Real estate agents face many risks, from misleading or deceptive conduct to clients falling over in their office.
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Flood-affected property markets to recover within 12 months
Flood-affected property markets are likely to bounce back within 12 months according to an expert.
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BTW
Stone Real Estate continues Queensland growth in Logan West
Fast growing real estate network Stone has launched its latest Queensland franchise office. The Announcement: Stone Real Estate is continuing its Queensland expansion, today announcing the launch of its Logan West office under the direction of owner-operators Darren and Leanne Gunn. Located south of Brisbane in the Logan suburb of Browns Plains, Stone Real Estate Logan West is a business…
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Young Australians live with their parents to save for a house deposit
The rising cost of living, including a lack of affordable housing, has changed the financial landscape for Australia’s youth.
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FRANCHISE NEWS
Explore Property makes a move into WA
Queensland-based real estate network Explore Property has opened offices in Western Australia with experienced professional Belinda Chandler.
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BTW
McGrath expands into Brisbane’s north
An accomplished team of 10 will be led by principals Alex Porter and Claire McGrath. Tamika Kent, a top-producing high-performing agent, joins them in the role of sales manager.
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Real Estate News
REA Group increases revenue as “heat” comes out of the market
REA Group has announced an increase in first quarter revenue thanks to strong listings, however, the outlook remains mixed as the “heat” comes out of the property market.
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Another record-breaking year for pub sales
After a record-setting year for pub sales across NSW last year, 2022 is shaping up to be even stronger.
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SUPPLIER NEWS
Rex reveals new tools to generate leads and convert customers
Australian-based software company Rex has launched a streamlined IT solution for real estate agents to generate leads, convert customers and grow their business, combining two easy-to-use integrated tech platforms.
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Rate hikes slash home buyer’s budgets $214,000
The average family's borrowing capacity has shrunk by $214,600 as a result of seven months of interest rate rises.
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Billionaire puts Brisbane’s tallest penthouse on the market
Brisbane’s tallest penthouse, standing 270 m high, has hit the market.
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Real Estate News
Nigel O’Neil steps down as Barry Plant CEO
Nigel O’Neil will step down as chief executive officer of real estate group Barry Plant after four years with the business. Director Mike McCarthy has been appointed as the acting CEO, with Mr O’Neil to transition his handover in the the coming weeks. A search for Mr O’Neil’s successor has started. Mr O’Neil took over the CEO role from Mr…
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Digital signatures the most valuable tech tool for agents
Digital signatures, a lockbox and apps and technology that connect to listing portals, are the most important technology for real estate agents according to a new US survey.
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The 20 suburbs where property price growth is still on the cards
Burekup in south west Western Australia is ripe for future property price growth new analysis shows.
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BTW
Ray White expands high performance team
In order to increase the profitability and success of Ray White’s businesses, the performance team will continue to concentrate on the fundamental pillars of recruitment, lead generation, stock management, and productivity. The Announcement: Bianca Denham has been promoted at Ray White to become the Head of Performance and Recognition for the leading property group. Ms Denham has been elevated in…
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Mortgage rates nearing APRA’s mortgage serviceability buffer
The sharp rise in the official cash rate has seen mortgage rates pushing up towards the Australia Prudential Regulation Authority’s (APRA) mortgage serviceability buffer.
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LJ Hooker opens a new office in one of Brisbane’s most established suburbs
LJ Hooker has further expanded its network in Brisbane opening a new office in the popular riverside suburb of St Lucia.
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INDUSTRY NEWS
October clearance rates hit a seven-month high
Auction clearance rates bounced to a seven-month high across the combined capitals and volumes have risen as sellers adjust to the new market conditions.
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QLD Real Estate News
Luke Need partners with UrbanX in Townsville
Need Property, founded by respected local Townsville agent Luke Need, has officially entered the market with streamlined, premium service and client support.
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