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The biggest real estate news – the week ending 14 July 2024

By Staff Reporter
12 July 2024 | 11 minute read
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Real estate’s role in anti-money laundering legislation, an FY2025 outlook, and concerns around property insurance.

Welcome to REB’s weekly round-up of headline stories that are important to both the real estate sector and the state of the Australian property market.

To compile this list, we consider the week’s most-read stories and the news that matters to you, collating your need-to-know property report from across our site and sister brands. Here are the biggest stories of the week:

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  1. Price transparency holds no. 2 Queensland agent in good stead

Alex Jordan said providing price guides for his listed properties had been pivotal to his success.

  1. Requiring financial crime reporting in real estate akin to ‘taking a sledgehammer to a walnut’

The Attorney-General has indicated the anti-money laundering Tranche 2 reforms are coming this year – and the Real Estate Institute of Australia hopes the transition won’t come with extra burdens on real estate businesses.

  1. South Australian network adds three Adelaide offices

Harris Real Estate has expanded its presence in southern Adelaide.

  1. A concerning number of Aussies have ‘ditched or downgraded’ their property insurance

As the cost of living continues to bite, a new survey has shown many Australians have chosen to swap, scrutinise, or ditch their home insurance policies.

  1. Are Australia’s skyrocketing construction costs finally settling down?

Residential construction costs could finally be stabilising, according to the latest data.

  1. ‘Blue skies ahead’ for real estate businesses in FY25

Nine in 10 real estate agencies believe their revenue will grow over the coming 12 months, according to the latest from NAB.

  1. Professionals bears fruits of national expansion strategy

Nine new offices on the way and an executive appointment mean the national network is kicking FY25 off with a bang.

  1. Brisbane property market update June 2024

Brisbane property prices continue to climb as the first six months of 2024 draw to a close.

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