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INDUSTRY NEWS
realestate.com.au unlocks homes of the future
Future Homes, created by Neighbourhood Films for realestate.com.au, showcases the convergence of changes across architecture, technologies, population and socio-cultural trends. From the tiny house movement to the latest in smart homes, realestate.com.au Creative and Video Manager Monique Knoblanche said the video series was an exploration into the progressive change taking place in the way we live in our homes. “We…
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FRANCHISE NEWS
Raine & Horne takes community approach with Local Hero campaign
“Our Local Hero campaign is a community-focused promotion that will support those sporting clubs achieving great things in their local communities,” said Angus Raine, Executive Chairman Raine & Horne. “Grassroots sports are the lifeblood of many Australian communities, yet they are often forced to operate on the smell of any oily rag. “We believe they deserve some financial support through…
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INDUSTRY NEWS
Perth rental market subdued in June qtr, annual leasing figures remain strong: REIWA
REIWA President Hayden Groves said although activity had dropped off across the metro area in the three months to June, annual activity levels had continued to improve. “The data for the June quarter 2017 clearly shows an uptick in activity on an annual basis across the board, which is pleasing. We’re seeing notably more properties being leased now than we…
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FRANCHISE NEWS
Stockdale & Leggo Wins Gold Stevie Award in 2017 International Business Awards
Stockdale & Leggo was named the winner of a Gold Stevie® Award in the Real Estate category in The 14th Annual International Business Awards. The International Business Awards are the world’s premier business awards program. All individuals and organisations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations. The 2017 IBAs received entries…
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INDUSTRY NEWS
REA Group appoints Kerry Wong as CEO – Greater China
Ms Wong will be part of the Group’s Asian leadership team and report to REA Group Asia Chief Executive Officer, Henry Ruiz. She is responsible for overseeing and setting the digital strategy in Hong Kong, Macau, Mainland China and Taiwan, as well as leading a team across sales, marketing and operations. Ms Wong joins REA Group from PayPal where she…
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FRANCHISE NEWS
LJ Hooker and Facebook team up in game-changing digital strategy
The announcement forms part of LJ Hooker’s $1 million investment in the Spring launch of its integrated digital and social media platform, LJ Hooker Boost developed by the group’s innovation centre, LJX-Lab. LJ Hooker Boost is a custom-built, automated Facebook and Instagram advertising platform, powered by strategic partner Tiger Pistol, which will amplify the profile of agents, listings and generate…
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FRANCHISE NEWS
Karen Terry joins McGrath Estate Agents
Ms Terry joins McGrath Forestville/Manly having moved over from Ray White. Prior to real estate, Ms Terry worked in the media industry for more than 20 years, ultimately as Unit Manager for ‘A Current Affair’ on the Nine Network. Ms Terry said she was attracted to the McGrath brand for its professionalism, world-class marketing and technology. “The real estate industry…
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Real Estate News
Top NSW agent Catherine Murphy joins The Agency
“Catherine Murphy has proven to be an exceptional agent with over 20 years of experience in the Epping region of Sydney. We are absolutely honoured she has chosen to join The Agency after two decades with the same brand,” The Agency’s CEO Matt Lahood, says. After 20 years, it is a significant decision to move real estate brands, there were…
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INDUSTRY NEWS
Novice auctioneers raise $50,000 for charity: REINSW
REINSW President John Cunningham said the event is getting bigger and more competitive each year. “This year’s competition saw 66 competitors take part in ten heats right across NSW,” Mr Cunningham said. “Michael Garofolo, who has worked in hospitality his whole life before adventuring into auctioneering took out the title against 10 other finalists. “It’s a great way for the…
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Real Estate News
Auction volumes highest they’ve been for 6 weeks with a low 70’s clearance rate.
National auction clearance results for the week ending 13/08/2017 courtesy of CoreLogic This was the largest number of auctions held since the last week of June 2017 and approximately one third higher compared with the same week a year ago. However, as more results are collected it is expected that the final auction clearance rate will be revised lower to remain within…
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INDUSTRY NEWS
Demand for Australian property hits a new peak, REA Demand Index
According to the REA Property Demand Index, after a choppy few months, demand surged again in July with even the struggling WA market starting to hit its stride. Only one section of the Australian market, NSW apartments, saw a slight drop in demand. Chief Economist Nerida Consibee said, “Given that the state has been seeing decades of housing undersupply, this…
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FRANCHISE NEWS
Harcourts Group Australia Continues Market Share Growth
With an estimated market value in third position overall against all real estate groups nationally, Harcourts was the only national group amongst the top five to have effected an increase in market value over the past quarter reporting, according to CoreLogic. According to a release supplied by the company, of the seven states in which the national real estate franchise network…
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Real Estate News
First Home Buyers Returning to Housing Market
“The proportion of first home buyers, as part of the total owner-occupied housing finance commitments, increased to 15.0 per cent and is the highest since February 2014. The number of first home buyer commitments increased by 1.6 per cent for the month, following a 28.9 per cent increase the previous month and is the highest since October 2014, ” REIA…
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FRANCHISE NEWS
Michael Davoren to represent RE/MAX Australia at Global Franchise Forum
For the first time outside of the United States, six RE/MAX franchisees will meet as the Global Franchise Forum (GFF) at the RE/MAX Asia Pacific Convention on the Gold Coast at the end of this month, with their goal to bring information from the 100-plus countries in the RE/MAX network. RE/MAX Australia and RE/MAX New Zealand Managing Director, Michael Davoren,…
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INDUSTRY NEWS
2017 REINSW Awards for Excellence finalists announced
REINSW President John Cunningham said the Awards encourage, promote and recognise excellence in the real estate profession. “Being recognised as a finalist in the REINSW Awards for Excellence is an outstanding achievement,” Mr Cunningham said. “Over the past 20 years we have highlighted the best and brightest in the state and with professionalism at the top of our agenda in…
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INDUSTRY NEWS
Juwai.com Appoints Carrie Law and Georg Chmiel as CEO and Chairman
New CEO Carrie Law was most recently a senior international executive with the REA Group and the former General Manager of iProperty Group, which the REA Group acquired in February 2016. At REA, she led a successful two-fold business transformation, locally in Hong Kong and regionally at Group level, and achieved strong revenue growth and profitability from her first year.…
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Real Estate News
Walk A Mile In Their Shoes 2017 set for 1 September
At eight locations across Australia, Harcourts staff, family, friends and supporters will ‘walk a mile’ in women’s heels to show solidarity and bring awareness of violence against women. Raising funds through the group’s charitable arm, The Harcourts Foundation, all monies raised will support White Ribbon’s ‘Breaking the Silence’ prevention initiatives in primary and secondary schools. The fifth annual event aims…
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INDUSTRY NEWS
Digitisation of NSW real estate: REINSW Integrates with DocuSign
The new integration will give NSW real estate agents the ability to digitise customer engagements and agreements for faster turnaround, increased security and compliance, and a best-in-class client experience. With this move, REINSW has integrated DocuSign’s eSignature solution into its existing online forms and contracts cloud software platform, REI Forms Live. For the first time, approximately 40,000 individual agent members…
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Real Estate News
Estate Agents Co-operative welcomes newest member James Holt
Estate Agents Co-operative has announced the addition of James Holt as the newest member of their Business Development team. Previously at Century 21 Sutherland, Mr Holt has over 25 years of real estate experience in sales and auctioneering. Articulating Mr Holt’s ability to resonate with the requirements of the cooperative’s growing membership, the CEO of EAC, David Crombie, stated: “We…
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Real Estate News
REIWA calls for tax reform in 2017-18 State Budget
In its 2017-18 pre-budget submission, REIWA has cautioned the Treasurer against targeting the property sector with increased taxes, recommending they introduce incentives for first home buyers of established properties and seniors over the age of 65 to help raise much needed funds for the State. REIWA President Hayden Groves said this was not the time to consider raising property taxes,…
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FRANCHISE NEWS
Young talent shines at hockingstuart awards
Taking out the coveted Franchise of the Year award was hockingstuart Armadale. The office’s vendor NPS of 62, a strong market share, increase in sales value, and outstanding customer service and staff engagement earned them the prestigious title. The office also received the Most Improved Market Share award, reflective of the team’s burgeoning talent, with young-guns Jack Richardson (reigning REIV Novice…
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Real Estate News
Reapit launch new digital module to enable 24/7 interaction with clients
The new digital tools are fully integrated with Reapit’s CRM software to support the ultimate customer service experience by offering clients choice and flexibility on how and when they communicate with agents. Changes made in the CRM software are immediately reflected in the digital portal and vice versa. RPS Digital allows vendors to make real-time property appraisal bookings by displaying…
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SUPPLIER NEWS
view.com.au launches new Property Price Estimates tool
In preparation for the upcoming spring selling season, view.com.au (formally known as realestateview.com.au) have launched a new data-driven portal that will empower buyers, sellers, and renters by giving them access to detailed property insights. The new portal features an insights tool called Property 360, which includes over 10 million properties that allows people to track the value of their home, calculate…
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Real Estate News
Auction volumes were down in the first week of August however preliminary clearance rate was higher
National auction clearance results for the week ending 06/08/2017 courtesy of CoreLogic The preliminary auction clearance rose to 71.5 percent, after last week saw the final auction clearance rate fall slightly to 68.7 percent (revised lower from a preliminary clearance of 70.7%). Over the last month, auction volumes have remained relatively steady and while clearance rates have shown a softening, final results…
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Real Estate News
RE/MAX rebrands finance arm
RE/MAX Australia has announced the rebranding of its finance arm and the real estate network’s position as its sole owner. Pivotal Financial, formerly Australian Property Finance, will leverage from the growing RE/MAX network and from its new strategic partnership with Connective, Australia’s leading aggregator. Matthew Andrews, the recently appointed General Manager of Pivotal Finance, said his division would offer RE/MAX…
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Real Estate News
Di Jones appoints Melissah Kenny as Digital & Social Media Specialist
Di Jones Real Estate has appointed Melissah Kenny, formally of REA to the newly created role of Digital & Social Media Specialist as part of an expansion of its marketing team. Di Jones General Manager Kylie Walsh said the agency aims to be innovative and believes staying at the forefront of the social space is essential. “That’s why we created the…
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FRANCHISE NEWS
Harcourts Expands with Key Sunshine Coast Location
Harcourts Group Australia continues its expansion in Southeast Queensland by selecting Caloundra on the Sunshine Coast as its newest office location. The Harcourts Caloundra team will be led by dynamic husband and wife duo Luke and Katherine Carter. Brendan Whipps, Harcourts Queensland CEO, said “The expansion of their business was a natural progression to a more diverse global brand with…
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Real Estate News
Century 21 search for Perth’s brainiest business
Businesses across Perth are invited to hold fundraising quiz nights in support of the Telethon’s 2017 fundraising total, which is donated to children’s charities across Western Australia. As part of the sponsorship, Century 21 offices will be holding quiz nights across WA to earn a chance to compete against other winning teams in the Grand Final, where they will vie…
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Real Estate News
Gold Coast, Australia plays host to global RE/MAX contingent
RE/MAX is hosting their third annual Asia Pacific convention in Gold Coast this year with more than 400 people expected at the event. RE/MAX Managing Director Michael Davoren is counting down the days this month as real estate networks either side of the Tasman prepare to welcome the world to the Sheraton Mirage Resort on the Gold Coast. “The program,…
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NEW ZEALAND
Ray White New Zealand chosen as agent on The Block NZ
“We are excited to have Ray White on board with us as the new exclusive agents for The Block NZ and we are confident they will do a fantastic job marketing and selling these spectacular homes,” said a spokesperson of the producer, Warner Bros. Ray White New Zealand CEO Carey Smith said he was delighted Ray White had been chosen…
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Real Estate News
Crowdfunding opens the door to Australia’s property market
Lead researcher, UniSA’s Dr Braam Lowies, says the groundbreaking study assesses individual investor motivation and appetite for crowdfunding and its potential as an alternative investment vehicle for entering Australia’s tenuous property market. “There’s a lot of debate about the current state of Australia’s housing market, and its inaccessibility, especially first-time homebuyers, who lack foundation capital get their first home,” Dr…
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Real Estate News
Coronis welcomes youngest shareholder
Managing Director Andrew Coronis said the leadership team had recently overhauled their strategy and have developed an aggressive growth plan to reach 40 offices by 2019, of which Tamika will play an integral role. “Tamika came to us six years ago, with no real estate experience whatsoever and has simply thrived, growing from a buyer manager, into an agent into…
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INDUSTRY NEWS
First Home Owner Grant discriminates against buyers wanting to enter the established market
REIWA President Hayden Groves said first home buyers who wanted to buy an established home were being discriminated against and as a result were finding it increasingly difficult to enter the WA property market. “Housing affordability remains a significant issue for many West Australians. We should be making it easier for all first home buyers to enter the market, not…
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INDUSTRY NEWS
RE/MAX explodes into new financial year
RE/MAX Australia began this financial year with the same growth pattern as the end of the previous year with a new office signing each week over an eight-week period in June and July. “RE/MAX has arrived in Hendra and Seventeen Mile Rocks in Brisbane, Hoppers Crossing in Melbourne and Baulkham Hills in Sydney this month, said Franchise Director Joel Davoren.…
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Real Estate News
Auction volumes continue to increase as preliminary clearance rate scrapes above 70%
National auction clearance results for the week ending 30/07/2017 courtesy of CoreLogic Auction clearance rates have seen a slight improvement across the combined capital cities over the month of July, with the final clearance rate over the last two weeks just falling short of the 70 percent mark. Auction volumes were higher this week with 1,957 homes taken to auction across the…
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