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Real Estate News
CSIRO Acquires The Centre for Liveability Real Estate
In June 2016 CSIRO acquired The Centre for Liveability Real Estate™ and the intellectual property for the Liveability Real Estate™ Framework from Hooker Corporation. In an official statement, the CSIRO said that “The Liveability Real Estate™ Framework is aspirational and positive, targeting the desirable features of a house that a buyer or seller can transparently seek out, have a conversation…
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TECH + SOCIAL
Kingscliff agent runs open home in Mona Vale from 800km away
Ray White Kingscliff’s James Shugg turned to outside the box thinking when his mother decided to put her home at 6/125 Darley St West, Mona Vale in NSW on the market. “I said to mum, ‘I can sell it for you’. I can sell it by negotiation and I can get there by Facebook’s FaceTime. It’s easy, all we need…
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Real Estate News
Auction volumes lower with 1600 properties taken to auction, returning a stronger preliminary clearance rate of 72.4 percent
The number of homes taken to auction across the capital cities has fallen for the 4th week in a row, with just 1,612 auctions held this week, down from 1,766 last week, although higher than this time last year when 1,391 properties went under the hammer. National auction clearance results for the week ending 16/07/2017 courtesy of CoreLogic The combined capital city…
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Real Estate News
Investors to get a say on depreciation changes proposed in 2017 Federal Budget
The Australian Government has released draft legislation for public consultation that provides property investors with the opportunity to have their say around proposed changes to depreciation deductions that were announced in this year’s Federal Budget. According to Bradley Beer, the Chief Executive Officer of BMT Tax Depreciation, the integrity measures in the exposure draft released by the government provide further…
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INDUSTRY NEWS
Three In A Row for Bronte Manuel
REISA’s third Auctioneering Championships concluded last Thursday with a Gala Presentation Dinner at the Stamford Grand in Glenelg. Toop & Toop’s Bronte Manuel was the winner for 2017 – a perfect hat-trick – and will represent South Australia at the Australasian Auctioneering Championships in Adelaide in September. Independent auctioneer, AJ Colman, finished in second place and will also represent South…
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Real Estate News
Confidence Surges With Peak In Residential Construction: Master Builders
The boom in residential building activity is reaching its crescendo with key indicators showing residential builders in the south eastern states enjoying near pre-GFC conditions. “Master Builders National Survey of Building and Construction shows business confidence continued to improve in the June quarter, recording an index score of 60, the most positive result since June 2015 – an index score…
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Real Estate News
Time to move forward or be left behind: REINSW
The REINSW held its first ever Property Industry Think-Tank on professionalism to discuss education and the future of the industry. The think-tank, held at Parliament House in Sydney, invited 60 thought leaders and high-performing real estate agents to explore what the industry needs to do to become a true profession. REINSW President John Cunningham spoke to the aspiration to have…
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Real Estate News
Melbourne market sees solid June quarter growth: REIV
The cold weather hasn’t dampened Melbourne’s property market with the citywide median house price increasing for the fifth consecutive quarter. New REIV data shows the metropolitan Melbourne median house price rose 2.9 per cent in the three months to June 30, to $822,000. The city’s middle and outer suburbs were the main growth drivers in the June quarter with both…
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Real Estate News
Ray White reports increase in results for June 2017
Ray White this week released the White Paper which reflects on annual results and reported a total of $4.3 billion in sales across the Group for the month of June 2017. This result is a 20 per cent increase on last June’s results, which is notable given that June is normally a slower month and there was plenty of distraction last…
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Real Estate News
Real Estate Bookings and REX Software announce integration
Real Estate Bookings have announced another CRM integration, this time with REX Software, allowing real estate agencies to synchronise contacts and leads from a variety of sources. These sources include capturing buyer/tenant enquiry from a range of online channels including things like Facebook/Instagram, property websites and real estate portals, while the Real Estate Bookings Open Home app also records attendees…
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Real Estate News
Successful Ray White Gold Coast pair expand with new venture
Gold Coast agent John Tymon is adamant the real estate industry changed his life – for the better. On the eve of opening a new business in Elanora with John Parkes, the joint principal of Ray White Tugan felt it was time for some reflection. “Over the last 10 years my wife Caroline and I have experienced many ups and down…
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Real Estate News
Purplebricks UK ad banned for misleading consumers
UK-based online real estate agency Purplebricks has had one of its ads banned by the Advertising Standards Authority for “misleading customers”. The ad featured testimonials from customers in which they claim how much they saved in fees by using Purplebricks’ services. Purplebricks said it estimated the savings based on an assumed estate agent fee of 1.8 per cent of the…
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Real Estate News
Domain gets a new head of sales
Former REA Executive Tom Ainsworth is joining Domain Group as Executive Director of Residential Sales. Mr Ainsworth is currently Senior Vice President of marketing, go to market, research, sales enablement and sales at Move, Inc., publisher of the US’ second largest real estate portal, realtor.com. He was director of sales at REA Group from 2012 to 2015 prior to moving…
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Real Estate News
Auction volumes continue downward trend returning a preliminary clearance rate of 70.7 percent
The combined capital city preliminary clearance rate increased to 70.7 percent this week, up from 67.3 percent last week, while auction volumes fell week-on-week. There were 1,751 properties taken to auction this week, down from 2,001 last week. National auction clearance results for the week ending 09/07/2017 courtesy of CoreLogic Auction volumes were higher than this time last year when 1,399 auctions…
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Real Estate News
Auction volumes fall below 2,000 across the capital cities returning a preliminary clearance rate of 70.3 percent
The combined capital city preliminary clearance rate increased to 70.3 percent this week, up from last week, when the final results saw the clearance rate fall to 66.5 percent, the lowest clearance rate since June 2016. National auction clearance results for the week ending 02/07/2017 courtesy of CoreLogic Auction clearance rates have been trending lower since reaching a peak at the end of…
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Real Estate News
realestate.com.au strengthens home loan offering with acquisition of majority stake in Smartline
realestate.com.au has announced it will enter the mortgage broking market with the acquisition of an 80.3% stake in one of the country’s premier mortgage broking franchise groups, Smartline. With an average monthly audience of 5.9 million, realestate.com.au will now have access to over 300 Smartline advisers nationally. This acquisition adds to the strategic partnership with NAB, announced in December 2016, to…
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Real Estate News
realestate.com.au and NAB sign strategic mortgage broking partnership
realestate.com.au has announced it is building on its expansion into financial services by signing a new strategic mortgage broking partnership with NAB. realestate.com.au and NAB have also agreed to build a mortgage broking solution, which adds to the strategic partnership announced in December 2016 to create an Australian-first end-to-end digital property search and financing experience. To help achieve this, NAB…
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Real Estate News
More People Renting and More Apartments: HIA
“The symptoms of an under-supplied housing market continue to show-up in today’s census figures,” stated Tim Reardon, HIA’s Principal Economist. “The number of people living in each dwelling has increased in Sydney and Melbourne to 2.7 people (2.6 nationally). Furthermore, the number of households with six or more people has increased by 20 per cent since 2011. “There has been…
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Real Estate News
Pain and Gain: The Best and Worst in the March Quarter
According to the CoreLogic Pain & Gain March 2017 quarter report, nine out of 10 people (90.4%) who re-sold a property during the March 2017 quarter earned themselves a profit. Report Highlights 9.6% of dwellings sold for less than their previous purchase price over the first quarter of 2017. Proportion of dwellings selling for less than the previous purchase price…
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Real Estate News
Clearance rates continue to trend below 70 percent across the combined capitals on similar volumes as last week.
There have been 1,840 capital city auction results reported to CoreLogic so far this week, resulting in a preliminary auction clearance rate of 69.1 percent across the combined capital cities. There were a total of 2,323 capital city auctions held this week, down from the 2,444 held last week. National auction clearance results for the week ending 25/06/2017 courtesy of CoreLogic This…
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Real Estate News
Barry Plant reports another record growth period
Victorian franchise group Barry Plant are reporting another round of record sales figures for the March to May quarter of 2016. Barry Plant are reporting growth of 4.3% in the number of properties sold in the March-to-May quarter this year, which they say defies the current market trend. They have also reported a 24% increase in gross sales value, and a rise…
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Real Estate News
Province Agents Lower North Shore joins The Agency
The Agency has further expanded its NSW presence with the announcement of a strategic merger with Province Agents on Sydney’s Lower North Shore. The Province team, recently re-branding from Ray White, said they felt The Agency’s model is the best vehicle to meet their real estate goals. “It is a merging of common objectives and the alliance will expedite plans for both…
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Real Estate News
Brickx bursts into Brunswick West with Bricks from $99
Australians can now invest in a house in Brunswick West from $99 with Brickx. CEO Anthony Millet expects this latest offering in Melbourne to be popular with investors further adding to the current Melbourne portfolio of Prahran and Port Melbourne. “We’re thrilled to provide access to such a stunningly transformed terrace at an affordable entry price of just under $100,”…
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Real Estate News
Harcourts Foundation donates over $50k to benefit local charities
The Harcourts Foundation, the charitable arm of Harcourts Group Australia, announced grants to 13 Australian charities during of its most recent quarterly funding round. A total of $50,847 was donated across Australia. Harcourts franchise owners in each state nominate and support the organisations that impact in their communities. Additionally, Harcourts corporate team members are given the chance to nominate a…
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Brand Editorial
Well Wishing Solutions to provide community engagement workshops
Ask yourself some questions: Are you a valuable resource for your community? Are you consistently interacting with those that live in your suburb? And finally, who would you rather do business with, someone well known and trusted or someone else? Well Wishing Solutions can show you how to improve your local connections by working with you and providing local marketing…
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Real Estate News
REA Group confirms Henry Ruiz as CEO, REA Group Asia
REA Group today confirmed the appointment of Mr Henry Ruiz as CEO, REA Group Asia effective immediately. Mr Ruiz, who has been acting in this position since March 2017, is responsible for the Group’s Asia business including iProperty Group across Southeast Asia and Chinese property site myfun.com. Commenting on Mr Ruiz’s appointment, Ms Fellows said: “Asia is a key region…
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Real Estate News
Anthony Stevens, former AFL legend joins Elders Real Estate
Former AFL Kangaroos star, Anthony Stevens is embarking on a new career path as a rural real estate sales executive with Elders Real Estate. Mr Stevens will service clients across all agriculture asset classes throughout Victoria and the Riverina. Inducted into the AFL Hall of Fame this week, following an outstanding football career spanning over 16 years and 279 games…
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Real Estate News
Tasmanian agent beats Victorian rivals to win top franchise awards
Century 21’s first Tasmanian office in Devonport has beaten all of the group’s Victorian offices and taken out two top sales awards. Director of Century 21 Leslie and Banks, James Leslie, achieved two top awards at the network’s quarterly awards ceremony in Victoria including ranking as the first quarter’s Top Selling Principal for the most properties sold. James Leslie, who…
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INDUSTRY NEWS
iBuyNew Group partners with iSelect
Off the plan specialist iBuyNew Group Limited (ASX: IBN) has signed an agreement with comparison site iSelect Limited (ASX:ISU), matching qualified approved home loan leads with their selection of off the plan property. IBN has announced iSelect as a top tier partner who they believe are capable of delivering a significant number of prequalified potential property buyers to them. In turn, IBN…
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Real Estate News
Auction volumes rise to 2,407 across the capital cities returning a preliminary weighted clearance rate of 69.6 percent
There were 2,407 auctions held across the combined capital cities this week, with a preliminary auction clearance rate of 69.6 percent. Last week, the final clearance rate fell to 67.8 percent, recording the lowest clearance rate year to date, across 1,279 capital city auctions. This is the 3rd week in a row now where the combined capital city clearance rate…
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Real Estate News
Entries open for Domain Rising Star Awards 2017
Domain is back on the hunt for real estate’s young guns as entries for Domain Rising Star Awards 2017 are now open. The Awards uncover and celebrate innovation, dedication and achievement among Australia’s emerging real estate leaders. Entries are open to residential real estate agents up to 30 years of age in NSW, Victoria and, for the first time, Queensland.…
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Real Estate News
India to have global listings under REA Group deal
Elara Technologies Pte Ltd., owner of Housing.com, PropTiger.com, and Makaan.com has joined REA Group’s Global Property Network to deliver global property listings in more countries than ever. As an industry first in India, this collaboration will bring together Elara Technologies’ group companies from India and REA Group owned and partner sites across China, USA, Australia, Indonesia, Malaysia, Singapore, Thailand, Hong…
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Real Estate News
Housing Measures Fall Short In QLD State Budget
The REIQ has responded to measures announced in the State Budget that was recently handed down, welcoming the State Government’s extension of the First Home Buyer Grant boost. However it is disappointed that the Government has refused to broaden the grant to include established homes in regional Queensland. REIQ CEO Antonia Mercorella said regional Queensland property markets continued to struggle,…
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Real Estate News
realestate.com.au rental listings find a second home on Flatmates.com.au
realestate.com.au have announced that rental property listings on the site will also now be syndicated on Flatmates.com.au, improving the audience reach of listings at no additional cost. Flatmates.com.au is for people looking to find a room in a share house or for people looking for a new flatmate. It’s also for people looking to ‘Teamup’ with fellow rental seekers to…
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Real Estate News
Laing+Simmons opens new partnership office in Liverpool NSW
Laing+Simmons last week opened its doors to a new office in Liverpool, the first example of its new partnership model in action, with the company taking an ownership position in the business. Mr Platis said the opening of Laing+Simmons Liverpool, under new office principal David Tran, represents a key milestone in the company’s evolution, and claims the industry’s too. “Our…
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