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Real Estate News
Affordability increases, first homebuyers out in the cold: REIA
Housing affordability improved across all states and territories in the first quarter of 2017, however, the number of both first home buyers and loans decreased, according to the Real Estate Institute of Australia (REIA). The latest Adelaide Bank/REIA Housing Affordability Report found the proportion of median family income required to meet average loan repayments decreased by 1.3 percentage points to…
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Real Estate News
New Home Loans Lifting Despite Softening Housing Finance: HIA
While housing figures released last week show that while overall lending slowed in April this year, the number of loans to households building new homes has reached it’s highest level since 2015. “(The) result is a positive sign for detached house builders and supports our view that demand in this part of the market is likely to remain robust throughout…
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Real Estate News
Preliminary auction clearance rate holds above 70 percent on lowest volumes since Easter
The number of auctions held this week saw a significant decrease, with 1,265 properties taken to market across the combined capital cities, down from 2,578 over the week prior. The decrease in auction activity this week is attributable to the Queen’s Birthday long weekend, which has affected activity across most states, including Australia’s two largest auction markets. National auction clearance…
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Real Estate News
Harcourts office opens in Frankston, Victoria
Brent Pullar and Steve Foster-Swan have teamed up as business partners to launch and operate the 80th franchise for the Harcourts group: Harcourts Central. Brent Pullar was a co-founder of real estate empire MPRE group (as it was back in 2000) with 21 offices in the local area, who later went on to be the Harcourts CEO for Victoria for…
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Real Estate News
Changing of the guard at Ray White Killcare
Lea Turner lives and breathes real estate. She counts herself as lucky that she gets to work in real estate in the stunning Killcare Peninsula on the Central Coast, just an hour and a half from the Sydney CBD. As the incoming selling principal and owner of Ray White Killcare Peninsula, Ms Turner has been in real estate for the…
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Real Estate News
Stamp duty concessions are reverse engineering supply and demand: Douglas Driscoll
Starr Partners CEO Douglas Driscoll is calling for more justification around the NSW Government’s solution for housing affordability after it revealed no concessions would be afforded to buyers making property purchases over $800,000. The measures, taken to cabinet last week, proposed stamp duty would be abolished on all homes up to $650,000 and relief to buyers of homes up to…
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Sponsored Content
Movinghub: Create Your own Branded Utilities Connection Company in Minutes
In 18 months Movinghub.com.au has created 600 Utility Connection brands across Australia and New Zealand. Having your own utilities company, they say, is fast becoming a popular way to help your customers move home and/or switch providers. Movinghub is setting a leading standard using technology used by brands in Australia such as Ray White Home Now, Origin Energy, Guardian Real…
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Real Estate News
Zillow Testing “Zillow Instant Offers” in Las Vegas and Orlando
US Portal Zillow last week announced it will begin testing the Zillow Instant Offers™ marketplace – a way for homeowners to sell their homes quickly by providing them with offers from investors plus a comparative market analysis (CMA) from a local real estate agent. Speaking about the new service being piloted in Orlando and Las Vegas, Zillow Group chief marketing…
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Real Estate News
Former News Corp real estate sales manager launches new Raine & Horne office
Raine & Horne is finishing the 2016/17 financial year on a high, launching a new office in Coorparoo led by Mark Evans, who was recently head of real estate advertising at News Corp. Raine & Horne Coorparoo, seven kilometres from the centre of Brisbane, provides sales and property management services to owners in Coorparoo, Camp Hill and surrounding suburbs. Prior…
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Real Estate News
Harcourts Group Australia Celebrates 20th Anniversary with Gala Awards, Lee Perry Inducted into Harcourts Hall of Fame
Major real estate franchise group Harcourts Group Australia marked its 20th-anniversary milestone during a three-day conference held 29-31 May at The Star Casino, on the Gold Coast. Kicking off the signature event was a performance by ARIA award winning artists The Veronicas. The annual conference was a mixture of learning, inspiration and ideas presentations from a variety of noted property…
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Real Estate News
RE/MAX Territory expands to three offices
Property investors and homeowners at Oxenford and Monterey Keys on the Gold Coast now have the global real estate brand RE/MAX at their service following the expansion of RE/MAX Territory. Rob and Andrew Campbell joined RE/MAX in 2014 when they purchased the successful RE/MAX Territory office at Shailer Park on Brisbane’s Southside. In a strategic expansion move, they recently acquired…
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Real Estate News
Time for a change at the top of their game
A day after the top LJ Hooker business in NSW joined the Ray White Group, Belle Property Carina in Qld, under Principal Andrew McSweeny, have also decided to jump on board. Mr McSweeny said, who has more than 22 years experience in real estate started when he was 19 and is exceptionally proud of what he and his team had achieved…
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Real Estate News
Century 21 Launches Australasian Project Marketing Business
Century 21 has launched the group’s first overarching project marketing business that will have a presence across Australasia and in each Australian capital city. The business will work closely with both developers and the Century 21 franchise network to implement full-service project marketing strategies for residential projects from concept to completion. Century 21 Project Marketing will be led by Alex…
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Real Estate News
Preliminary clearance rate holds above 70 percent as the number of auctions held slips lower
The first week of winter saw auction volumes fall, with 2,545 homes taken to auction, compared to 2,885 the previous week. The preliminary clearance rate across the combined capital cities was higher (73.9 percent) compared with last week’s finalised result, which was the third lowest clearance rate so far this year (71.3 percent). National auction clearance results for the week ending 04/06/2017 courtesy…
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Real Estate News
Multiple Indicators Point to a Softer Housing Market: CoreLogic
The CoreLogic May Home Value Index results out today confirmed that the capital gains trend has slowed over recent months with dwelling values edging 0.4% higher over the three months ending May 2017. Highlights over the three months to May 2017: Best performing capital city: Adelaide +2.0% Weakest performing capital city: Canberra -1.5% Highest rental yields: Hobart houses with gross…
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Real Estate News
NSW Government Tackles Housing Affordability with changes to Stamp Duty from July 1
NSW Premier Gladys Berejiklian announced a raft of measures yesterday to tackle housing affordability for first home-buyers in NSW. These measures include: Abolishing stamp duty for first home buyers for homes up to $650,000 from July 1. (This lifts the value of eligible properties from the existing $550,000 and reintroduces existing homes to the scheme.) Providing a discount on stamp…
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Real Estate News
Juwai.com Appoints Georg Chmiel to its Board of Directors
Juwai.com announced today the appointment of Georg Chmiel to its Board of Directors. Mr Chmiel has nearly 17 years of experience directly in the online real estate and property industry. Chmiel is currently Group CFO and Director International of iflix, the streaming entertainment service available to one billion consumers across 18 markets throughout Asia, the Middle East and North Africa.…
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Real Estate News
Rex Software launches CRM app Pocket by Rex
Rex Software is proud to unveil a first full-featured mobile CRM app for real estate agents: Pocket by Rex. Now available for iOS on the App Store and for Android on Google Play. Conducting client surveys in 2016, the results indicated to REX that agents spend anywhere from 60-80% of their working lives out of the office. A year in the…
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Real Estate News
Bundaberg region’s food production and port development attract business delegation
Bundaberg is on the map for Chinese business investors after RE/MAX principal, Scott Mackey, led a delegation to Nanning in China this month to support opportunities in the region. Jim Mullet, Managing Director of Monduran Station, a 1000-hectare citrus orchard, along with real estate sales executives Aaron Thompson and Michael Zunker from RE/MAX Precision, and MRH Lawyers’ Alex Pretorious, who…
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Real Estate News
REA Group moves into new Sydney home
REA Group has moved its Sydney headquarters into a new 950 sqm ‘home-styled’ office, mirroring what the company does best in connecting people and homes. Designed by leading interior and architectural design firm Futurespace, the new REA Group Sydney office is sectioned into the same kind of rooms you would find in a home. Managing Director of Futurespace, Angela Ferguson…
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Real Estate News
APRA Data shows easing of LVR Lending, CoreLogic
CoreLogic research analyst Cameron Kusher comments on data released by APRA earlier the week showing LVR lending is easing up with a further slowdown expected. Data released by the Australian Prudential Regulation Authority (APRA) earlier this week has shown that high loan to value ratio (LVR) lending continues to fall indicating new buyers are in many instances using larger deposits.…
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Real Estate News
First National awards its high achievers in Fiji
First National Real Estate’s highest achievers were presented with their General Excellence and Marketing Awards at the Intercontinental Fiji Golf Resort & Spa last Friday night. The awards dinner brought recognition to Australia’s top 2016 salespeople, property managers and administrators, and attracted more than 385 delegates from Australia, New Zealand and the South Pacific. First National Real Estate’s chairman, David…
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Real Estate News
Property Council welcomes deferring FESL
The Property Council of Australia welcomes the Premier’s announcement today that the Government will defer the introduction of the Fire and Emergency Services Levy (FESL). “The Property Council has had serious concerns about the FESL model with some commercial, inner city and industrial property owners reporting bill rises of nearly 600 per cent,” Property Council of Australia NSW Deputy Executive…
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Real Estate News
RE/MAX celebrates the career of Simon Salm
Simon Salm, a Brisbane Bayside sales executive and sales team leader, has received a rare international RE/MAX Circle of Legends Award, which requires a career of at least 10 years with the global real estate giant and over $10 million US in RE/MAX commissions. “Entry into the prestigious Circle of Legends doesn’t come easily,” said RE/MAX Australia Franchise Director Joel…
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INDUSTRY NEWS
New report demonstrates value to the Australian economy from foreign investment in real estate
A new ACIL Allen Consulting report, commissioned by the Property Council of Australia, has highlighted the strong and substantive benefits to the economy of foreign investment in commercial and residential real estate. The report, released at a high-level summit of domestic and international property and finance leaders at Parliament House yesterday, is in response to ongoing union and political campaigns…
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Real Estate News
‘Long overdue’ WA strata title reform welcomed by leading industry bodies
The Western Australian State Cabinet decision to move forward with the strata title reform process has been commended by the Real Estate Institute of Western Australia, Strata Community Association WA, Property Council of Australia and Urban Development Institute of Australia WA. Announced yesterday, the Honorable Rita Saffioti MLA said strata title reform was important to the future housing needs of…
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Real Estate News
realestate.com.au joins forces with The Property Couch
realestate.com.au is teaming up with The Property Couch, one of the country’s best property podcasts, to bring Australians the property information, insights and advice they need to help with one of life’s biggest decisions. The Property Couch is made up of two of Australia’s most respected property experts, Bryce Holdaway and Ben Kingsley, who are passionate about helping people make smart…
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Real Estate News
Language is no barrier in multi-cultural Sunshine: Ray White
Ray White Sunshine has just opened in inner west Melbourne with young gun Dee Nguyen at the helm, who is excited to be joining the Ray White family. Principal Mr Nguyen started in real estate in 2008 and is rebranding to Ray White from a smaller independent agency group, with a team of more than 10 staff across property management…
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Real Estate News
Budget Boost For Housing Could Build 100,000 Homes
New economic modelling commissioned by Master Builders Australia forecasts that the $75 billion infrastructure and housing affordability measures announced in the Budget will deliver a substantial 41% boost to the supply and affordability of housing. “Increasing supply is the only effective way to keep the dream of home ownership alive. Master Builders has lobbied for measures to support the building…
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Real Estate News
PM Pioneer Leah Jay Reaches Summit of Mount Everest
Property management pioneer, Leah Jay, has completed a climbing expedition to the summit of Mount Everest. The climb marks another victory in her attempt to climb the ‘seven summits’ – the highest peaks on each of the seven continents. Mount Everest, which stands at 8,848 metres high, is the world’s tallest mountain. This is the sixth summit that Leah has…
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Real Estate News
New $270 levy for WA investors is irresponsible, REIWA
REIWA has slammed talk of introducing a $270 levy for investors as a means to help raise revenue and fix the State Budget as short sighted and irresponsible. REIWA Councillor Suzanne Brown said it was extremely disappointing the industry was not consulted about this policy change. “The private rental market is crucial to the provision of rental accommodation in WA,…
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Real Estate News
Auction volumes continue to strengthen and combined national preliminary clearance rate at 78 percent
Preliminary figures show a combined national clearance rate of 77.9 percent of auctions were successful across the combined capital cities, while auction activity rises week-on-week National auction clearance results for the week ending 21/05/2017 courtesy of CoreLogic Auction activity across the combined capital cities increased this week, up from 2,409 auctions last week, to 2,794 this week, making it the sixth busiest week…
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Real Estate News
New Ray White powerhouse in the Sutherland Shire
Five of the most successful real estate agents in the Sutherland Shire have joined forces to open the new Ray White Cronulla office. Matt Debreczeni and Gavin Ottaway, the owners of the Ray White Menai and Sutherland businesses, have teamed up with Matt Johnston, Jill Yankos and Charlie Yankos to open the Cronulla business, creating a real estate powerhouse across…
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Real Estate News
REA Group named one of Australia’s best places to work
REA Group has been named one of the best places to work in Australia for the second year in a row, according to the latest LinkedIn Top Companies list. LinkedIn yesterday announced the top 25 companies where Australians would love to work the most, based on an analysis of consumer behaviour to the professional networking site. Ranked 16th, REA Group…
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Real Estate News
Who will you be rubbing shoulders with at AREC2017?
Delegate numbers up for AREC2017 as the focus this year is on “Super Growth”. With just 10 days to go, the diverse line-up of speakers is proving to be a drawcard with nearly 4,000 delegates already registered for the conference. Conference organisers Total Real Estate Training (TRET), have indicated this will prove to be the most popular AREC in its 20th…
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