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National
Auction clearance rates and activity increase slightly – WE180916
This week’s (week ending 18 September, 2016) preliminary auction clearance rate saw the combined capital city clearance rate rose this week, from 75.4 per cent last week to 77.9 per cent. At the same time last year, the clearance rate was 69.9 percent. So far this week according to auction results having been reported to CoreLogic, there were 2,093 capital city auctions…
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Real Estate News
Laing+Simmons Secures CBD / Surry Hills & Narrabeen Offices
Laing+Simmons has recently secured two new offices to its network and setting its sights on further growth this year. New franchise offices in Sydney CBD / Surry Hills and Narrabeen have just joined the three new Laing+Simmons offices which opened earlier this year in Ryde, Seven Hills and Cronulla – taking the boutique network to 42 offices and growing. Laing+Simmons…
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Elite Agent TV
The new Uber – self driving cars
Yesterday, Uber started testing it’s self-driving car fleet in Pittsburgh in the USA. Watch the video to see what the experience is like. You can read more about them on TechCrunch.
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Video of the Week
3D and video join forces – Jarrod Carman
This video is the first time that this type of technology has been compatible across every device (which no one has done before) and you can view it in VR googles with one click. See more at Open 360. (Send in your property videos to editor@eliteagent.com, we will publish one every week. Other video’s of the week are here if you’re…
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EPM
VCAT determination upholds pets’ rights
Developer Caydon has welcomed a recent landmark determination from the Victorian Civil and Administrative Tribunal (VCAT) that could see the end of blanket bans on pets in apartments, townhouses and units. The determination came after Melbourne dog owner Madison Brewster contested the banishment of her 4-year-old cavoodle Hamish by the owners corporation of the Eaglemont townhouse she rents, despite landlord…
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EPM
Property investor confidence remains strong: PIPA national survey
Despite talk of property price bubbles, tightening investor lending policies and roaring debate over the future of negative gearing, Australian property investors remain bullish about the long-term merits of residential real estate, a new survey has found. The second annual Property Investment Professionals of Australia (PIPA) Property Investor Sentiment Survey, which gathered insights from more than 1,000 property investors, shows…
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EPM
Perth Leasing Market Spikes, REIWA
The Perth property market saw a surge in the number of leased properties in August, with a 17% spike recorded by the REIWA. According to reiwa.com data, the jump in leasing activity for the month was coupled with a 3% drop in the number of properties available for rent. REIWA President Hayden Groves says the rental market in Perth has…
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EPM
Does standard landlord insurance cover subletting?
The latest trend in short-term stays is tenants subletting rooms or whole tenancies on popular sites such as Airbnb. This practice can significantly impact on your insurance policy. It is not uncommon for tenants to sublet a room, whether they advise their landlord or property manager or not. Airbnb has increased the ease with which they can sublet the entire…
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Elite Agent TV
CoreLogic: Housing Market Update, September 2016
Watch CoreLogic’s Housing Market Update for September. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of August, released September 2016. Presented by Tim Lawless, Research Director at CoreLogic. Transcript Welcome to CoreLogic’s monthly update on housing market conditions around Australia. This month we’re focusing on how the housing market performed in…
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Elite Agent
Justin Nickerson wins the Australian Auctioneering Championships
Justin Nickerson was crowned REIA Australasian Auctioneer of the Year last week in a tightly fought contest. In challenging circumstances, Mr Nickerson delivered a seamless, entertaining call in very unusual conditions against Gavin Croft, Harry Li, Andrew North and Daniel Coulson. Competition rules were given a bit of a twist this year with no time limits imposed. Competitors were under…
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National
Auction clearance rates ease slightly
This week’s (week ending 11 September, 2016) preliminary auction clearance rate is down slightly from last week’s clearance rate of 77.1 percent, which was the highest clearance rate recorded for the year to date. At the same time last year, the clearance rate was 71.2 percent. So far this week, 1,682 capital city auction results have been reported to CoreLogic.…
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FRANCHISE NEWS
Coronis Opens New Office in Brisbane’s Bayside
Coronis has opened their 22nd office in the upcoming Bayside area on Brisbane’s south side, expanding their footprint in the Queensland market. Specifically targeted for its location and easy access to the Brisbane CBD, relaxed lifestyle and variety of amenities, Coronis has earmarked the Bayside area as an emerging popular location for families to buy and rent in. Managing Director…
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Real Estate News
RE/MAX announces new Parramatta office
RE/MAX has announced a new addition to its rapidly growing NSW network, with a Husband and Wife team, Morris and Melissa Short, opening up in Parramatta. Morris and Melissa both love the RE/MAX concept and have started with a huge burst of momentum after only 6 weeks of operation. Joel Davoren, Franchise Director, said, “Morris brings with him an abundance of…
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FRANCHISE NEWS
Belle Property opens dual ‘multicultural’ franchise in Adelaide
Boutique real estate group, Belle Property, has moved in on real estate in Adelaide by opening its first dual franchise. Led by Principal, Calvin Lai, the multicultural real estate team of 27 employees who are fluent in seven languages, are set to deliver a personalised and unique approach to large scale projects and residential real estate. Making the strategic move…
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Elite Agent
Why ‘No Sale No Charge’ is Not the Best Idea
Tom Panos on Sky Business News this week reminds us of the concerning idea of ‘No Sale No Charge’ in real estate. A property’s marketing campaign should not be buried under the rug, and Tom recommends implementing a ‘performance-based fee’ as a commission accelerator. Watch more below:
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INDUSTRY NEWS
CoreLogic: September 2016 Market Outlook
If you’re eager to find out what the various property markets around the country were up to during August, and you want to have a sneak peek at what might be ahead, read on for CoreLogic’s monthly Market Outlook. Average capital city home values are up Over the month of August 2016, combined capital city home values increased by 1.1%…
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Real Estate News
Add value to new investors by educating them, say BMT
New property investors could benefit greatly from education on legitimate depreciation deductions for investment properties so they don’t miss out on thousands of dollars in tax savings. According to BMT Tax Depreciation, the recent property boom has seen many new investors hit the real estate market. However, these newbies might not be aware they can claim tax deductions on the…
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Real Estate News
Cody Live expanding digital signboard solution
Cody Live is an outdoor advertising solution that is the first of its kind, creating dynamic signboards for real estate agencies. And this week they were launched in Brisbane with Melbourne, Canberra and Auckland in the coming weeks. The aim of Cody Live is to give vendors and agents more choice and better control of how their properties are represented…
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National
BizCover: Avoiding Real Estate Advertising Blunders
Most of us have been there – a mistake is accidentally made on an ad, no one picks it up and it goes to print. Sometimes we’re lucky and we can hustle to fix the problem before the whole world knows about it. But BizCover asks the question: have you thought about the impact of a small error if it’s…
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INDUSTRY NEWS
Purplebricks Launches in Australia
The UK’s fastest growing online real estate agency has launched in South East Queensland and Melbourne. Purplebricks has launched in Australia, to offer homeowners a proposition of a cheaper method of sale for their home. The “virtual” service provides the support of a licensed and dedicated ‘Local Property Expert’, a flat rate fee, an accessible and transparent online technology platform…
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Elite Agent
Regional Australia seeing good growth for the first time in years, CoreLogic
According to CoreLogic’s June regional report, Australia’s regional areas have now come into the spotlight as value growth increases and capital city markets become less affordable. Released this week, the CoreLogic Regional Market Report provides analysis on the performance of Australia’s largest council areas for: NSW: Newcastle & Lake Macquarie, Illawarra, Richmond-Tweed; VIC: Geelong, Latrobe-Gippsland; QLD: Gold Coast, Sunshine Coast, Townsville…
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Real Estate News
Agent Finder Websites ‘A Raw Deal’, says First National’s Ray Ellis
According to Ray Ellis, the Chief Executive of First National Real Estate, property owners and buyers around Australia are being misled by a range of ‘Agent Finder’ websites. ‘There are a variety of agent finder websites that have inserted themselves as middlemen in the marketplace, claiming to connect consumers with the best local agents for free, but charging agents a…
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Real Estate News
Coronis Cycling for a Cancer Cure
Queensland property group Coronis commenced the 2016 Tour De Office this morning, Monday, September 5, with the goal of raising $40,000 for Smiling for Smiddy, a foundation that funds cancer research at the Mater. Located out the front of Coronis HQ in Lutwyche, a team of 160 riders made up from Coronis’ 22 offices, the Smiling for Smiddy team and…
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EPM
LinkLearn: Why PMs should update to a full licence
Property managers are an extraordinary group, with skills and experience across business development, marketing, accounting, asset management, relationship management…and then there’s crisis and conflict resolution. Many of these skills are learned at work, through work or for the purpose of work, but it can be difficult for property managers to demonstrate their value to potential landlords, or even potential employers.…
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Real Estate News
VitrineMedia Continues To Lead In Shopfront Innovation
VitrineMedia, a world leader in LED display technology dedicated to window solutions, has now brought even more light with less energy output to the real estate industry. In the last 12 months they have designed several new LED display panels to add to their collection to make the real estate shopfront really stand out. Speaking at AREC 2016, Global CTO…
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National
Spring auction clearance rates reach a new year to date high
According to CoreLogic’s preliminary weekend summary, Spring has sprung with auction rates this weekend seeing a combined capital city clearance of 78.4 percent, a new high for the year. The number of homes taken to auction this week fell slightly to 1,858, compared to the 2,153 auctions held last week and 2,297 one year ago. The preliminary clearance rate was…
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Real Estate News
Prioritising People: Laing+Simmons Launches Employee Assistance Program
New South Wales real estate franchise network Laing + Simmons has launched a new employee assistance program to support team members experiencing stress, depression, anxiety or facing other challenges. Employees from their 40+ offices in NSW can now access anonymous and free counselling services to help them deal with any issues they might be facing. The service is run by…
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Real Estate News
Smart energy home of the future one step closer
Sydney-based start-up Evergen, who has just launched their intelligent home energy management system in Australia, has raised $3.7 million in funding from AMP Capital and CSIRO, as it takes their Australian first smart energy offering to the market. Combining solar and batteries with smart technology, the Evergen system continuously analyses and optimises home energy costs, choosing the most efficient source…
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Real Estate News
Ray White Double Bay launch into spring with 85% clearance rate
Showing no signs of a market slowdown, Ray White Double Bay’s first spring auction event on Monday 29 August was attended by over 150 potential buyers and vendors. The atmosphere in the room was electric with one buyer jumping the bids by $500,000. “The lack of stock and our high level of quality marketing helped us achieve some unbelievable prices.…
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Real Estate News
CommercialVIEW expands into Queensland
Property portal CommercialVIEW.com.au is targeting Queensland as part of the next phase of its national expansion. CommercialVIEW CEO Daniel Bignold said we are offering commercial real estate agents in Queensland a new viable alternative to the major media portals. “Our launch event in Brisbane last night, supported by Macquarie Bank and the Real Estate Institute of Queensland, saw CommercialVIEW incredibly well received by…
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Real Estate News
$5 million expectations for rare Byron beachfront property
Raine & Horne Byron Bay is attracting substantial interest with the marketing of a rare luxury home on the tightly-held Belongil Beach. The absolute beachfront property, standing on 860sqm at 6A Childe Street, Byron Bay, is expected to sell for between $4.95 and $5.4 million, according to selling agent and Principal of Raine & Horne Byron Bay, Sophie Christou. “This…
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Real Estate News
Going ‘green’ in the home saves cost and improves quality of life, says RMIT study
New research by RMIT on low-carbon housing has found that households could be better off by $1,000 per year by going green. At a time of rising stress over high energy costs, especially among low-income households, the study led by RMIT’s Centre for Urban Research (CUR) reported that low-carbon houses in comparison with ‘standard’ residences in the town of Horsham,…
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EPM
Rent.com.au partners with AirBnB, announces new CEO
It has been a big week for rent.com.au with three major announcements including a new CEO, a partnership with AirBnB and its annual results. Renters could be set to benefit from a new partnership between rent.com.au and one of the world’s largest accommodation providers Airbnb. The partnership is designed to encourage renters to ‘try before they buy’; allowing them to test…
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Real Estate News
Improve your profile on realestate.com.au
An improved Real Estate Agency Profiles platform has been released on realestate.com.au to help agents improve their profile and get more clients. The updated profile system allows agents to showcase their areas of expertise alongside their listings, providing greater benefit to vendors and the agents themselves. The changes are expected to help drive a larger number of enquiries and listings. The…
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Real Estate News
Brad Cooper appointed as Franchise Manager for Barry Plant Group
Victorian real estate network, The Barry Plant Group have announced the appointment of Brad Cooper as their new Franchise Manager. With over twenty years’ experience in real estate, Brad is an REIV accredited auctioneer and a licensed real estate agent. Brad’s appointment will oversee mentoring and support for the staff and directors across The Barry Plant Group’s eighty offices. It will…
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