INDUSTRY NEWS
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Australia’s leading on-shore contact center, saving you time in your prospecting
Meson Agency’s Founder John Angelopoulos can sum up his organisation in a nutshell.
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MRI Software completes PropTech Group acquisition
MRI Software has completed its $93.4 million stock acquisition of PropTech Group.
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Prices are falling, so why is it still so expensive to buy in New Zealand?
Property values have been falling in New Zealand, but rising interest rates mean Kiwis are handing over more of their income to make mortgage repayments, CoreLogic reports.
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School zones still attracting price premiums
Being in a school catchment zone could add ten per cent to a property's sale price, according to new research from Domain.
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Population patterns, not tax breaks, responsible for housing crisis
Australia's unique population patterns and a shortage of available residential land near jobs and services has had a far greater impact on house prices than interest rates or government subsidies, new analysis shows.
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100 days in: Craig Pontey shares highlights from time at McGrath Double Bay
We've been closely watching leaders' first 100 days since the times of President Roosevelt, and the two co-principals of McGrath Double Bay are no exception.
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HTW property predictions: Second half of 2023 to bring stability
Rapid interest rate increases have eroded the optimism surrounding residential property, but a slowdown in rate rises in the second half of the year is expected to bring increased stability to the market, Herron Todd White says.Â
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McGrath’s half-year results: expansion, profit and market outlook
McGrath has revealed its plans to add 125 new, high quality offices to its national network as part of its growth strategy over the next four years.
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Auction clearance rate on the rise
Auction activity lifted again this week with preliminary figures from Domain recording a 67.6 per cent clearance rate from 1068 reported auctions.
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Real estate agencies confident about business outlook this year
More than 80 per cent of Australian real estate agencies are confident in the business landscape going forward in 2023, according to new research.
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How a fake Rolex set Ryan Serhant on the path to success
Real estate mogul Ryan Serhant has revealed how a fake Rolex watch changed his life by giving him the confidence he needed to succeed in the competitive property industry.Â
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REINSW launches Rent Crisis Action campaign
The Real Estate Institute of NSW (REINSW) has launched a campaign to address the housing crisis affecting tenants and property owners in Australia.Â
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How city real estate prices affect country areas
A new study has revealed the link between house prices in the coastal regions of NSW and Greater Sydney, shedding light on the factors that drive house price movements in those areas.Â
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Ten Sixty launches in New York with 75 top luxury agents attending
Ten Sixty, the new global short-form video app for real estate, has officially launched in New York alongside the McPeak team at SERHANT, Holly Parker from Douglas Elliman and Deanna Kory from Corcoran.
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Listings slide drags on Domain Group profits
The biggest decline in listings in Domain Group's history has resulted in a decline in profits, though revenue still rose in the first six months of the financial year.
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Cameron Nicholls on why your brand needs to grow with you
It wasn't until he was in the middle of acquiring another agency, and looking at his own brand from the "outside in", that Cameron Nicholls realised it was time for a change.
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New AI company virtually furnishes listings in a matter of minutes
A new US startup aims to take the time and cost out of staging a listing for advertising, instead furnishing empty properties virtually using artificial intelligence.
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RateMyAgent partners with US listing giant
RateMyAgent, Australia’s leading real estate agent review website, has entered into a strategic partnership with Realtor.com, the second-largest real estate listings website in the United States.
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Listings bounce back from summer slumber
New listing numbers have recovered from their traditional summer dip, though they remain lower than 2022 levels, according to a new report from PropTrack.
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Cash rate not the reason for rental affordability crisis, Philip Lowe says
RBA Governor Philip Lowe has told a Senate estimates hearing that the central bank's rapid cash rate increases are not responsible for the current rental crisis, instead placing the blame on a lack of housing supply relative to demand.
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New platform allows users to invest in, trade the price movements of real estate
The Parcl Protocol, a new real estate investment platform launched this week, will allow users to trade real estate market movements much like they would companies or commodities, allowing investor to gain exposure to real estate without buying a physical asset.
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$100,000 St Kilda garage attracts first-home buyers
A St Kilda garage listed for $100,000, that has the potential to be converted into a small apartment has been attracting a lot of attention from potential first-home buyers keen to get into the exclusive Melbourne suburb.
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Franchisors could be held liable for franchisees breaching workplace laws
In a move that could also have ramifications for the real estate industry, the Fair Work Ombudsman has, for the first time, launched legal action against a franchisor seeking to hold it accountable for some franchisees underpaying its workers.
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NAB changes cash rate prediction following RBA meeting
NAB economists now predict the cash rate will peak at 4.1 per cent following RBA Governor Philip Lowe's strong language about taming inflation last week.
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The Adelaide hotspots to watch in 2023
Despite a slight downturn in prices, the Adelaide market remains one of the country's strongest performers, according to property expert and Hotspotting Director Terry Ryder.
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Regional price growth continuing, Domain says
New data from Domain shows that the tree and sea change trend is continuing, with property prices increasing in 92 per cent of regional local government areas during the most recent quarter.
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Rose Bay mansion sale could match record price
A Rose Bay waterfront mansion is expected to hit the market with expectations of $100 million or more, with one report putting the asking price at an Australian record-equaling $130 million.
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Australia’s banks under intense scrutiny over interest rates
Australia’s banking sector is under the microscope with the big four bank bosses and the Reserve Bank governor to be hauled before several Federal Government committees to be quizzed about rising interest rates.
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Nerida Conisbee: China is roaring back
China abandoning its zero COVID-19 policy has resulted in the economy rebounding far faster than expected.
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PropertyMe adds tenant payment service to its property management platform
Property management platform PropertyMe has launched a new rental payment service MePay that allows agents to see rental payments hit the trust account in real time while keeping tenant's bank details private.
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Adam Neumann provides more detail on his Flow startup
WeWork founder Adam Neumann has revealed more detail about his new startup Flow, canvassing the potential for future tenants to gain some sort of equity stake as part of their tenancy experience.
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Brisbane tenant suing former landlord for $1.2 million
A Brisbane man who claims he sustained serious life-changing injuries when he slipped on a flooded floor is suing his former landlord seeking $1.2 million in what's set to be a test of the landlord-tenant duty of care relationship.
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Tough market hits listings as REA announces half-year results
REA Group has announced its results for the six months to December 31, with the group reporting a dip in net profit as listings in Sydney and Melbourne fell as a result of tough property market conditions.
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REACH Australia launches Proptech listing portal
Venture capital firm and PropTech accelerator, REACH Australia is getting ready to launch a listing portal featuring all the available PropTech tools and platforms across Australia and New Zealand.
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Block sizes smaller but more expensive
Australian buyers are paying more for less, with a new report from Domain showing the average block size in large capital cities shrank by 13 per cent over the past 10 years, with the price paid per square metre increasing at the same time.
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