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National
CoreLogic Property Pulse Market Update (w/e 20 September, 2016)
Market update (w/e 20 September, 2016) The Reserve Bank (RBA) released the minutes of their October monetary policy meeting earlier this week. At the meeting the RBA board decided to keep official interest rates on hold at 1.5%. The major points of note from the minutes were: GDP growth moderated in the June 2016 quarter however, it was higher than forecast…
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Video of the Week
Video of the Week – 15 Horton Street, Marrickville
Want to see your video featured here? Send in your property videos to editor@eliteagent.com… More videos of the week
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INDUSTRY NEWS
Joseph Walton elected REIV President for 2016-17
The Real Estate Institute of Victoria has announced that Joseph Walton has been elected President for 2016-17. Mr Walton has a long history of involvement with the REIV, having served on a number of committees and as REIV President over the past six months. Joseph has had an extensive involvement with the REIV Commercial and Industrial committee – serving as…
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EPM
Keys going missing? Keylog is your answer
We’ve all heard it before: ‘Who’s got the keys?’ – and then people start racing around looking for the missing set. It’s an age-old problem in real estate as so many keys are managed, and keeping track of who is borrowing them can be difficult. The handwritten key book just can’t manage this process any more, given the volume of rental…
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Real Estate News
Infrastructure Partnerships Australia discussion paper
The Property Council of Australia has welcomed the release of Infrastructure Partnerships Australia’s report “From Housing Assets to Housing People”. “The Property Council does not normally comment on public housing as our focus is on the broader issue of housing affordability and the operation of the housing market. However, it is clear that the funding of public housing is in…
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Real Estate News
Sydney should look to Melbourne for housing solutions: REINSW
Sydney needs a better balance of new apartments, single dwelling homes and medium density developments, much like Melbourne has, according to the Real Estate Institute of New South Wales. REINSW President John Cunningham said the NSW Government is currently reviewing its planning policies which he described as too convoluted. “Everyone has an opinion on Sydney’s property problems, but there is…
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Real Estate News
Raine & Horne Announces 11 New Offices Across QLD & Sydney
Despite concerns over the growth prospects for agency businesses, Raine & Horne Executive Chairman, Angus Raine, has announced the opening of nine offices by the 133-year old firm’s Queensland operations, plus another two offices in Sydney, during the month of October. The Queensland-run businesses are in Brisbane Central, Goodna, Ipswich, Springfield, Mackay, Mackay Beaches, Moranbah, Commercial Mackay, and Redcliffe, while…
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Real Estate News
American-style University City the way to go for Newcastle says Raine & Horne Commercial
A number of positive announcements by the NSW Government are set to have a lasting impact on the long term stability of Newcastle City, according to Steve Dick, Co-Principal of Raine & Horne Newcastle. In September, University of Newcastle entered into discussions with the NSW Government[i] about acquiring an additional two hectares of land in three parcels behind Wright Lane…
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Real Estate News
Record-setting agent rejoins Ray White
Palm Beach real estate identity, Noel Nicholson, has returned to Ray White with a bang, announcing the sale of 17 Ilya Avenue, Bayview for a street record price of $6.7 million. The very next week he secured a second sale at Bayview Heights, setting a new record of $10.8 million. Sourcing overseas buyers from his extensive global database, Noel said…
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Real Estate News
Aged care provider Arcare secures Springwood Bowling Club site
A significant parcel of commercial land in southern Brisbane has been secured by premium aged care provider Arcare for a sizeable seven figure sum. “The 8,797 square metre site located at 4 Pauline Avenue, Springwood, which is the former home of Springwood Bowling Club, is one of the largest parcels in the Springwood area, which is part of the Logan City…
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Real Estate News
A List Winners Revealed
Queensland’s coveted ‘A List’, which highlights the top one percent of sales performers in the state, has been unveiled for the fourth year running. Mercedes-Benz Brisbane is the inaugural and major sponsor of the event. Emily Kindred from the A List said their support makes the event possible. “Without the support of our sponsors, Mercedes-Benz Brisbane and PriceFinder, we wouldn’t…
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Real Estate News
Commercial agents recognised at REINSW Awards for Excellence
The best Commercial Real Estate professionals in the business have been recognised at the 2016 Real Estate Institute of New South Wales Awards for Excellence Gala Dinner last Thursday evening. commercialVIEW.com.au was proud to sponsor the commercial property awards on the night. CEO of commercialVIEW.com.au Daniel Bignold said the awards highlighted the most outstanding performers across Large and Small Commercial…
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INDUSTRY NEWS
Rental accommodation in Middle Sydney increases, REINSW
Residential vacancy rates jumped in Middle Sydney as more stock comes onto the market, according to data released by the Real Estate Institute of New South Wales. REINSW President John Cunningham said the September 2016 REINSW Vacancy Rate Survey Middle Sydney rise 0.5 per cent to 2.1 per cent, leading a 0.1 per cent increase in the overall Sydney vacancy…
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Real Estate News
Infographics and reporting made easy with Homeprezzo
HomePrezzo is launching a swag of new reports and features this spring, adding to the existing range of high quality, infographic video content powered by CoreLogic RP Data statistics. With just a few clicks you can now generate a professionally designed suburb or postcode update report showcasing median price movements, recent sales and investor metrics, all branded to match your…
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Real Estate News
Chinese Buyers Increase Their Share of Australian Hotel Transactions, CBRE
Chinese investors have upped the ante in the Australian hotel sector, accounting for 42% of the $1.7 billion in hotel sales year-to-date according to new research from CBRE. CBRE Hotels Executive Director Robert McIntosh said the Australian hotel market was being increasingly targeted by Asian capital – with Chinese investors leading the charge. “Recent volatility in global equity markets, particularly…
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Real Estate News
First Home Owner’s Grant fails to help regional QLD, says REIQ
The Queensland Government’s First Home Owner grant, which was recently boosted from $15,000 to $20,000, has provided limited support where it is needed most – regional Queensland’s established housing market. REIQ CEO Antonia Mercorella said while the grant was welcome as a tool to help first-home buyers get into the market, it did not deliver help where it was needed…
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Elite Agent TV
CoreLogic: Housing Market Update, October 2016
Watch CoreLogic’s Housing Market Update for October. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of September, released October 2016. Presented by Tim Lawless, Research Director at CoreLogic. Here are some of the September Highlights, plus the October Outlook, according to Tim Lawless, Head Researcher Values in September – the headlines…
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Real Estate News
Home in NZ to go under the Hammer for $1 in online auction
A four-bedroom home in Bethlehem, Tauranga NZ, is about to go to online auction with a reserve of $1. The property’s agent, Rodney Fong, explained that the rock-bottom reserve price was intended to increase exposure for the property. The strategy has worked so far, with coverage of the sale in the NZ Herald and Stuff.co.nz. And, everything else going to…
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National
Clearance rates remain above 70 percent (W/E 16/10/16)
It has been another strong week for auction results, with a preliminary auction clearance rate of 77.9 per cent. There were 2,405 auctions held across the combined capital cities. Auction volumes still remain below levels of last year. The clearance rate has remained above 70 percent since the last w eek in July. Last week, the final auction clearance rate…
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Real Estate News
2016 REINSW Awards for Excellence winners celebrated
Real estate’s top performers have been celebrated at the 2016 Real Estate Institute of New South Wales Awards for Excellence Gala Dinner. REINSW President John Cunningham said 21 awards were presented across all facets of the industry including innovation, community service, residential and commercial professionals, as well as rising stars and auctioneers. “Our prestigious awards have been taken out by…
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INDUSTRY NEWS
Greg Dickason appointed CoreLogic’s International Chief Technology Officer
Greg Dickason has been appointed CoreLogic’s International Chief Technology Officer, reporting to the US CIO Bob Frosell. Greg has an international track record of delivering advanced technology and innovative products for the real estate sector, including the award-winning API that powers mobile apps as diverse as the Harcourts eOne App and Westpac Wonder. Greg has a passion for innovation and…
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INDUSTRY NEWS
REINSW top honour to Wayne Stewart
The prestigious Woodrow Weight Award for outstanding service to the real estate profession has been awarded to Managing Director and Office Principal of Century 21 Newcastle, Wayne Stewart. The Woodrow Weight Award is REINSW’s top Award. It is named after the legendary REINSW President, who was the first Australian ever to be elected World President of the International Real Estate…
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INDUSTRY NEWS
REIQ offers expertise on Queensland real estate market
The REIQ will be opening its doors and welcoming property buyers and investors to its free Experts Guide to Buying Property seminar at REIQ HQ, Coorparoo, October 22, 2016. The seminar, now in its third year, offers detailed, helpful information for anyone looking to buy or invest in the Queensland property market. Presenters will talk on a range of property…
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Real Estate News
Raine & Horne back in Glenelg with experienced real estate team
After a short interlude, Raine & Horne is open again in Glenelg, one of South Australia’s strongest real estate markets. Raine & Horne Glenelg will be led by highly experienced property professionals Graeme Sherwell and Christine Pinkus. “Graeme and Christine, who have had many years of real estate experience, are the prefect recruits to our network. They will enable us…
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Real Estate News
New Laing+Simmons Narrabeen Office Donates To Local School
The newly opened Laing+Simmons Narrabeen is off to a flying start, with the team enjoying its strongest month of the year and celebrating its rebranding by kicking off an important initiative to give back to the local community. The real estate agency has just announced it will donate $500 for every property it sells in Narrabeen to Narrabeen Lakes Public…
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Real Estate News
Domain Rental Report September Quarter 2016
Domain reports that for the last Quarter, the rental market is fairly stable, with little to no fluctuation in rents for most capital cities. A key insight for the September quarter is national vacancy rates. Despite a glut of new developments in both Melbourne and Sydney, the national supply of rental properties is tight, with some markets recording just 0.6…
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INDUSTRY NEWS
RateCity quarterly rate review shows major movements in mortgage lending
According to RateCity’s latest Rates of the Nation report, the RBA’s 1.5% August cut has led to significant action within the mortgage and deposit spaces, yet little movement in credit card rates. Home loans: Now more than a year since the emergence of investor pricing and the ‘ideal borrower’ and the rate gap has continued to widen. Home loan rates have…
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Real Estate News
Surplus signals time for new property incentives, says REINSW
For the first time on record New South Wales is cash positive, therefore it is time to give back to the property market in the form of new first homebuyer incentives, according to the Real Estate Institute of NSW. REINSW President John Cunningham said New Total State Sector Accounts figures show the final surplus for the 2015-16 financial year was…
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FRANCHISE NEWS
Raine & Horne ramps up website following international property gong
The Raine & Horne website, rh.com.au, has been recognised as one of Asia’s best with an award at the 2016 Asia Pacific Property Awards 2016, held at the glittering Shangri-La Hotel, Kuala Lumpur, Malaysia, earlier this year. Bill Russell, Raine & Horne’s General Manager International, was on hand to collect the award, along with Ms Zaidatul Adawlyah Zaki of Raine &…
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Real Estate News
Cohen Handler launches Cohen Handler Prestige
Cohen Handler, one of Australia’s largest buyers’ agencies, is providing a new service to high-end buyers with the launch of Cohen Handler Prestige. While house price growth across major Australian cities are expected to slow in the latter half of 2016 and early 2017, the prestige market at $3 million and above, has remained strong. Cohen Handler co-founder and Managing…
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Real Estate News
Raine & Horne marks 40 years of franchise success
Global real estate Superbrand Raine & Horne will mark 40 years of franchising success on Wednesday 19 October with a celebration at its franchise flagship, Raine & Horne Liverpool. In 1976, led by former Chairman Max Raine, who enjoyed a 60-year career with the 133-year old firm, the Raine & Horne board determined to open a minimum of five franchise…
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Elite Agent
The Long Game – Tom Panos Special Offer
If you’ve been listening to Tom’s Sunday Night Facebook broadcast you’ll know we have an exclusive with Tom in the current issue of Elite Agent, where he talks about many of his real estate and digital strategies that have been absolute winners for him. (And we are honoured to have Tom as our cover agent this issue). The first 2oo…
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Real Estate News
Your Tenants Can Now Insure Their Rental Bonds
BONDSURE announces the launch of an innovative new financial product that provides renters with an option to pay rental bonds off in instalments while helping them to protect these bonds for the first time through a revolutionary new type of insurance. Tenants can apply online to have rental bonds up to $5,000 paid on their behalf by BONDSURE, to be…
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INDUSTRY NEWS
Abakus Apps announced 2016 MyBusiness Awards Finalist
Abakus Apps – a finance-based smartphone application that streamlines the property tax management process – has been announced as a shortlisted finalist in this year’s Optus MyBusiness Awards, for the category Fintech Business of the Year. Founded in 2015 by farmer turned emerging fintech entrepreneur Brenton Tidow, Abakus Apps launched to market less than five months ago, and is growing…
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National
Real VR: Next Gen Real Estate Marketing Has A New Home
Real VR, part of the global award-winning Start VR business, has just been launched to provide VR content creation and production services to an industry for which the technology is an obvious – but previously untapped – fit. Real VR is headed up by Jason Salter, formerly of Laing+Simmons and Ray White, whose 20 plus years’ project marketing experience and…
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