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INDUSTRY NEWS
Agents warned about social media rental scams
A wave of rental scams are targeting renters through social networking sites, with prospective tenants being urged to work with registered property managers.
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INDUSTRY NEWS
Rate cut provides modest relief as mortgage stress continues
The Reserve Bank of Australia's decision to cut the cash rate to 4.10 per cent offers some reprieve to struggling homeowners, but research suggests the reduction may not be enough to ease widespread financial pressure.
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INDUSTRY NEWS
Investor boom drives spike in home loans
Australia's home loan market has experienced significant growth in 2024, with investor lending leading the way and showing remarkable resilience amid changing market conditions.
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INDUSTRY NEWS
Regional markets show strength as capital cities slow
Regional property markets are showing remarkable resilience while capital cities face declining prices.
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INDUSTRY NEWS
Foreign buyers to be banned from purchasing existing homes
Labor has announced a two-year ban on foreign investors purchasing existing homes in Australia, mirroring a similar policy proposed by the Coalition last year, as part of broader efforts to improve housing affordability.
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INDUSTRY NEWS
More suburbs join the $2million and $3million clubs
A growing number of Australian suburbs have crossed the $2 million and $3 million median house price mark as strong price growth continues to push property values higher in blue chip markets.
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FRANCHISE NEWS
Ray White inks major partnerships with AFL powerhouses
Leading real estate group Ray White has secured significant partnerships with two of the AFL's biggest clubs, joining forces with both Collingwood Football Club and Sydney Swans in separate three-year deals.
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Celebrity Homes
Lori Loughlin’s Hidden Hills mansion returns to market at reduced price
'Full House' star Lori Loughlin and fashion designer husband Mossimo Giannulli have relisted their California mansion for US$16.5 million, marking a $1 million reduction from its original listing price last year.
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INDUSTRY NEWS
Sydney’s essential workers get new affordable housing development
A major build-to-rent development is set to transform Sydney's Inner West, with the Minns Labor Government announcing plans to convert a former WestConnex dive site in Camperdown into affordable housing for essential workers.
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INDUSTRY NEWS
Property doubling myth partially true across New Zealand
The common belief that property prices double every decade has proven true for some New Zealand regions, while others have fallen short of this benchmark.
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FRANCHISE NEWS
Harry Singh: creating success with authenticity in Melbourne’s west
Harry Singh has built a successful career with Area Specialist in Melbourne's west
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Celebrity Homes
The luxury St Andrews golf property with iconic views and a $14m price tag
A prestigious new development overlooking the historic Swilcan Bridge at St Andrews' Old Course is set to become one of Scotland's most expensive residential properties, offering what's being called the best view in golf.
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INDUSTRY NEWS
Regional property markets show strength as capital cities decline
Regional property markets are showing remarkable resilience, with values continuing to outperform capital cities amid challenging market conditions.
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FRANCHISE NEWS
Sean Hanneberry appointed CEO of Professionals Group
Experienced business leader Sean Hanneberry has been named as the new CEO of Professionals Group to lead the major transformation of the 150-office national real estate network.
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Movers and Shakers
Amanda Becke joins McGrath’s new Coorparoo office
Leading Queensland agent Amanda Becke has joined McGrath Estate Agents as they open their newest office in Coorparoo, Brisbane.
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Movers and Shakers
Daniel Dennis and Michael Doran lead major Belle Property merger
Belle Property principals Daniel Dennis and Michael Doran have joined forces to merge four offices across Sydney's Upper North Shore, including the acquisition of Soames Real Estate.
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Movers and Shakers
Scott Orchard joins Colliers as National Director
Scott Orchard has been appointed as National Director of Office Capital Markets & Investment Services, Victoria at Colliers, bringing over 20 years of commercial property experience.
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INDUSTRY NEWS
Premium markets poised for strongest gains as rate cuts near
Australia's premium property markets are expected to see the largest value increases when interest rates begin to fall, with new research indicating substantial growth potential across the housing sector.
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INDUSTRY NEWS
Ray Ellis appointed CEO of CENTURY 21 Australia
Experienced real estate leader Ray Ellis has been named as the new Chief Executive Officer of CENTURY 21 Australia.
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INDUSTRY NEWS
REA Group CEO Owen Wilson announces retirement
REA Group's Chief Executive Officer Owen Wilson has announced his intention to retire from full-time executive roles in the second half of 2025, marking the end of an era for the company.
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INDUSTRY NEWS
Leadership takes centre stage at Launch 2025
Leadership was the focus at Ray White's Launch 2025 event, where more than 1,200 members gathered at the Melbourne Convention Centre for the network's largest-ever annual kickstarter.
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INDUSTRY NEWS
Office vacancy remains stable as new supply hits market
The Australian office market is showing resilience with CBD vacancy rates remaining relatively stable, despite significant new supply entering the market.
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Real Estate News
Domain’s Head of Customer Solutions Angus Ferguson departs after successful tenure
Domain's Head of Customer Solutions, Angus Ferguson, is set to leave the company after six years of leading significant technological innovations and growth initiatives.
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INDUSTRY NEWS
Consumer confidence surges as rate cuts loom
Consumer sentiment in Australia has reached its highest point in nearly three years, as speculation grows about potential interest rate cuts from the Reserve Bank of Australia (RBA).
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INDUSTRY NEWS
Agents are optimistic about house price growth in 2025
The majority of real estate professionals are predicting house prices will increase in 2025, with improved affordability and potential interest rate cuts driving market confidence.
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INDUSTRY NEWS
Luxury real estate is in for a change in 2025
The luxury real estate market is poised for big changes in 2025, with more balanced market conditions, growing multi-generational demand, and increasing female leadership emerging as key trends.
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INDUSTRY NEWS
REIA unveils seven-point plan to tackle housing crisis
The Real Estate Institute of Australia (REIA) has launched a comprehensive election commitment plan aimed at addressing Australia's housing affordability crisis ahead of the 2025 Federal Election.
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Celebrity Homes
Olympic Legend Mo Farah Lists Surrey Mansion for $12 Million
Four-time UK Olympic gold medallist Sir Mo Farah has placed his luxury Surrey mansion on the market, seeking £6 million ($12 million) for the property that showcases premium features and extensive living space.
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Movers and Shakers
Blake Lowry joins BresicWhitney Inner West
Award-winning Inner West agent Blake Lowry has made the move to BresicWhitney, strengthening the group's presence in key Sydney markets.
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INDUSTRY NEWS
Property prices dip as market momentum slows
National home prices have recorded their first decline of the year, dropping 0.08 per cent in January, though values remain nearly 4 per cent higher than the same time last year.
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Celebrity Homes
Historic Mayfair mansion with royal connections hits market for $29M
An exquisite townhouse in Mayfair, once home to British Foreign Secretary James Harris and host to Emperor Napoleon III, has been listed for sale at £14.95 million ($29 million), offering a rare opportunity to own a piece of Anglo-French history.
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Movers and Shakers
Jae Choi to lead new Belle Property Sunnybank office
Belle Property continues its Queensland expansion with experienced local agent Jae Choi heading up their new Sunnybank office.
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Movers and Shakers
Jess Culling leads Place Redcliffe Peninsula opening
Place Estate Agents has expanded its presence in the Moreton Bay Region with the official opening of Place Redcliffe Peninsula, led by top-performing agent Jess Culling.
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Movers and Shakers
Sally O’Connell named CEO of Abercrombys
Leading finance and real estate executive Sally O'Connell has been appointed as the new CEO of Abercrombys, effective February 2025.
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FRANCHISE NEWS
Sarah McCallum: taking control of your business
Making the transition from a franchise to running her own business was a watershed moment for Sarah McCallum, who hasn't looked back since joining Area Specialist three years ago.
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