Real Estate News
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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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The Agency expands Tassie team with Wayne Riethoff and Bec Gardner
The Agency has announced the recruitment of two new agents in Tasmania, the latest step in the brand's Apple Isle expansion plans.
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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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The Boeing 737 that’s been converted into a luxury Bali home
Retired aircraft are often sold off for parts or installed in a museum, but being converted into a high-end luxury villa in Bali is slightly more out of the ordinary.
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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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Buxton announces new CEO
Victorian brand Buxton has announced the appointment of Marcus Williams to the role of Chief Executive Officer.
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Branthwaite Real Estate launches with UrbanX
Mornington Peninsula local and well-established real estate agent, Bill Branthwaite, has taken the next step in his career, launching Branthwaite Real Estate in partnership with UrbanX.
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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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Realestate.com.au Launches New Marketing Campaign for Property Valuation Estimate Product
Realestate.com.au has announced the introduction of a marketing campaign focused on its property valuation estimate product, realEstimateTM. The product offers property owners a free and instant estimate of their home’s value and provides unique insights into the market. The campaign will the various tools and experiences available to property owners, including the ability to track the value of their property…
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PM Reach conference goes on the road in 2023
The PM Reach conference is back for 2023 and heading interstate for the first time, with events planned in NSW, Queensland, South Australia, Tasmania, Victoria and Western Australia.
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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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Andrew Acton celebrates 20 years in real estate
Explore Property leader and industry stalwart Andrew Acton is celebrating 20 years in real estate this year, and to mark the occasion he sat down with Elite Agent to reflect on his greatest wins and biggest challenges so far.
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Raine and Horne appoints new head of network
Raine & Horne has announced the appointment of Mindy Powell-Hodges as the company's new head of network.
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We may not see a property investor comeback in New Zealand for a while yet
Property investors aren't expected to make a return to the New Zealand market any time soon.
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New South Wales the “poster child for failing housing markets”
A new report has found that the country's housing markets are in crisis, with New South Wales deemed the “poster child for failing housing markets”.
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Openn expands partnership with CoreLogic
Online property sales platform Openn has entered a commercial arrangement with CoreLogic that will see its software further integrated into CoreLogic's onthehouse.com.au website.
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The best for Bathurst: Jim Connors launches independent agency with UrbanX
Jim Connors loves real estate. He loves the people he meets and the relationships he makes. His clients love it too and it’s his commitment to achieving the best for Bathurst that has led him to start his own independent agency, Connors & Co.
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MRI Software a step closer to PropTech Group acquisition
MRI PropTech group is edging closer to closing its deal for ASX-listed PropTech Group, with PropTech shareholders voting to approve the scheme of arrangement that will see MRI subsidiary Rockend Technology take over the Australian company.
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REA Group changing the narrative to build confidence
REA Group is campaigning to change the doom and gloom perception of the current property market.
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