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From business learnings to banks commenting on the property market: Here are the biggest property stories from the week.
Welcome to REB’s weekly round-up of the headline stories and news that’s important not only for the real estate sector, but also for the state of property in Australia more broadly.
To compile this list, not only do we consider the week’s most-read stories and the news that matters to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
1. How to destroy your career during a property boom
Agents love a property boom. Setting aside the challenges around getting listings having multiple buyers competing to purchase is fantastic, writes Dan Argent.
2. Elite at just 18: The young agent kicking major goals
At only 18 years of age, Ray White North Lakes agent Ryan Suhle has become the youngest Ray White member in history to reach Elite status. Here’s what he had to do to get there.
3. Building a brand? Put UX as your top priority
While creating the “backbone” of a business is important, CEO Peter Hutton believes the user experience (UX) requires the most emphasis when starting up a new real estate agency.
4. Major banks reveal major issue of abusive transactions
The big four banks have acknowledged that more needs to be done on abusive transactions, after identifying more than 100,000 threatening or abusive transactions in only three months.
5. Major brokerage launches direct-to-consumer offering
A major brokerage has launched its first online direct-to-consumer digital lending product in partnership with Tic:Toc.
6. Non-bank lender lists on the ASX
A lending and digital payments business has listed on the Australian Securities Exchange with 1 billion shares on issue, valued at $2.6 billion.
7. ANZ broker turnarounds at 12 days: CEO
The major bank CEO has also now confirmed that “time to yes” is different depending on channel, outlining that it takes between 10–12 days in the broker channel but can be as low as an hour when direct.
8. ANZ far more optimistic about property growth than banking peers
ANZ has far greater expectations of the property market than its banking peers, sticking to its property price growth prediction of 17 per cent this year alone.
9. Queensland’s rental crisis: Areas with tightest vacancy rates revealed
Almost 80 per cent of Queensland’s rental market is experiencing extremely low vacancy rates, while demand continues to soar, a new report has revealed.
10. The best rental markets in each state revealed
As house rent prices hit record highs across the nation, here are the areas showing real investment potential and leading Australia’s rental market growth.
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