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Spring has sprung: here are the biggest property and real estate stories from the past week.
Welcome to REB’s weekly round-up of the headline stories and news that are 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 matter to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape. Here are the biggest property stories of the week:
1. What it takes to make Ray White’s no.1 global agent
When 27-year-old Josh Tesolin joined the Ray White network, he made a pledge to become the company’s number-one agent, a dream he recently realised.
2. Australia’s most affordable suburbs for first home buyers
New research has identified 10 affordable and desirable Australian housing markets that offer a great opportunity for home owners.
3. Housing downturn is accelerating, finds CoreLogic
The Home Value Index has dropped for a fourth consecutive month, with falling values becoming more widespread, according to CoreLogic.
While new dwelling approvals plummeted, detached homes increased marginally.
5. Familiar face returns to Harcourts top job
The group has announced Mike Green will resume the role he parted ways with three years ago.
6. Buyers continue to purchase ‘sight unseen’
As many as one in four buyers are still inspecting property outside the state they live in, a trend that’s showing “no signs of slowing”, according to a new survey.
7. Former Socceroo signs on with The Agency
The former Australian representative soccer player — who has also spent time as Perth Glory’s head coach — has traded his boots in to become the brand’s newest property specialist.
8. Sunshine State scams snatch would-be tenant bonds
A spate of Sunshine Coast rental scams that have emerged this past week highlight the ever-constant threat of cyber crime.
9. 57% choose their broker based on family/friend referrals
More than half of mortgage broker clients chose their broker based on tips from family and friends, with a third doing online research, according to new data.
10. 2-year rent freeze plan slammed as ‘far-fetched and unrealistic’
A call from the Australian Greens for private rents to be frozen for the next 24 months for “millions” of tenants has been shot down by the Prime Minister.
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