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27 March 2020 Cameron Micallef

Proptech to support real estate industry

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27 March 2020 Cameron Micallef

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27 March 2020 Grace Ormsby

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Proptech to support real estate industry

March 27, 2020Cameron Micallef

Virtual inspection tools, live-stream auctions and new customer support packages will allow agents to carry on following government restrictions on open house inspections and auctions to slow the spread of CO ...

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1

ALEXANDER PHILIPS

Year of Experience: 17

Support Staff: 5

Residential Properties Sold: 208

Total Value of Residential Properties Sold:

$614,864,500

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TECH MARKETING SALES BETTER BUSINESS PROPERTY MANAGEMENT
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EVENTS
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Real Estate Business Awards 2020

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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Why we’ll keep delivering for our communities in the face of COVID-19

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As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

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State of Markets – QLD December 2011

01 December 2011 Reporter

Essential information, plus expert insight on what is shaping the national property market...

QUEENSLAND

Fast Figures

  • $307,500 – median house price, Ipswich
  • $440, 000 – median house price, Brisbane

Property sales plummet in Queensland
Queensland failed to strike a chord with buyers in the past financial year.

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The state experienced a 27.5 per cent drop in the total value of dwelling transactions last year, according to RP Data, while Western Australia experienced a 22.6 per cent decline.

Total dwelling sales in 2010/2011 stood at $193.5 billion. While that may sound impressive, said RP Data’s research analyst Cameron Kusher, the figure indicated an 18.2 per cent drop from the previous financial year.

Houses accounted for $141.8 billion and units for almost $51.7 billion, with total house sales now worth almost three times as much as that of unit sales.

The figures also reveal transaction volumes have consistently been a key driver of total sales value; however, the value at which properties are transacted has become just as important, according to Mr Kusher.

The annual number of home sales has returned to levels not seen since June 1997, while the total value of sales remains slightly higher than that recorded during the depths of the global financial crisis.

Cairns developer on the rise
Cairns’leading prestigious residential development has reported its best sales in 12 months, with families and southern investors buying into the estate.

Brookfield Residential Properties, developers of Bluewater at Trinity Beach, have recorded the best sale figures during August and September with six blocks of land sold, compared with only three sales for the same time in 2010.

The news comes after a period of heavy decline in the Cairns residential property market.

Median house prices in the local government area (LGA) have fallen by 5.4% over the 12 months to July 2011 and median prices are currently 10.0% below their peak.

“Population growth and the shift to coastal markets have slowed ever since the onset of the GFC,” RP Data senior analyst Cameron Kusher told Smart Property Investment. “The weak tourism market to Australia is also impacting the market.”

State of Markets – QLD December 2011
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Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

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Do you have an industry update?
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