National
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LocalAgentFinder survey finds 2017 is a good time to buy and sell properties
62 percent of Australian property owners say 2017 is a good year to buy 73 percent say it’s a good year to sell 81 percent of NSW residents and 82 percent of Victorians believe 2017 is a good time to sell Research commissioned by LocalAgentFinder has found that homeowners believe that 2017 is going to be a good year to…
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ANZ joins 13 other lenders by raising interest rates
ANZ has become the latest Australian bank to join the bandwagon of lenders who have decided to raise interest rates despite it being at an all-time historic low of 1.5 percent. On Friday, the bank announced that its new interest rates would be up by 0.36 percent and would only apply to property investors and not owner occupiers. Mozo director…
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REIA celebrates its most outstanding performers
The Real Estate Institute of Australia (REIA) recognised the industry’s most outstanding talents at its 12th annual REIA National Awards for Excellence held at a 5-star hotel in Canberra last Thursday. REIA president Malcolm Gunning said more than 250 real estate professionals showed up at the event to celebrate winners across sixteen categories. “Competition was fierce across all award categories…
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LJ Hooker appoints Jason Rose to the role of National Business Growth Coach
LJ Hooker has bolstered its Business Development Team with the key appointment of industry veteran Jason Rose to head national coaching and office development. Mr Rose, who over a 30-year career has called more than 3,000 auctions, returns to LJ Hooker where he previously held network sales and auctioneer roles. A specialist in online lead generation, Mr Rose’s appointment comes…
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Let first home buyers access their super says REIA
Australians should be given a choice to access their super account for home buying purposes, said Real Estate Institute of Australia (REIA) president Malcolm Gunning. Gunning said Australians being allowed into to purchase their first home was not a radical idea as the use of retirement savings for a first home purchase has already proven to be successful in Canada,…
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More banks to follow suit on rate hikes after NAB and Westpac
It is just a matter of time before all top Australian lenders such as CommBank and ANZ start increasing their interest rates and passing on the extras to consumers, Mozo director Kirsty Lamont has opined. Hot on the heels of NAB’s out of cycle home loan rate hike last week, Westpac has just announced that it borrowers too will be…
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The REA Group AREAs announces a new award for 2017
This year’s REA group Annual REA Excellence awards (AREAs) has a brand new award being introduced this year – Gold AREA – agency of the year award. The agency of the year award will recognise agencies who work hard to set themselves apart from competitors and excel in all three award categories. The AREAs will also honour the most innovative,…
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Preliminary clearance rate and auction volumes increase across the combined capital cities
Preliminary clearance rate and auction volumes increase across the combined capital cities National auction clearance results for the week ending 19/03/2017 courtesy of CoreLogic The capital city clearance rate increased this week, with preliminary results showing that 76.2 percent of reported auctions across the combined capital cities were successful, compared to 75.1 percent last week and 68.8 percent one year ago. Auction…
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Investors Still Keen In Buying Properties In Australia says Momentum Wealth
Despite concerns over potential property price bubbles, oversupply issues and cyclical downturns, Australian property investors remain bullish with one in two investors aiming to grow their portfolios in the next few months. A national survey of 444 property investors by property investment consultancy Momentum Wealth found that 53 percent of respondents said their primary goal right now was to either…
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RE/MAX real estate network follows global growth path
RE/MAX Australia expanded its national footprint with the addition of 19 offices since the start of 2016. RE/MAX opened in Caufield in Victoria; Kingston in the ACT; Byron Bay, Parramatta, Minchinbury, Pyrmont and Lidcombe in New South Wales; and Mackay, Ipswich, Wamuran, Ningi, Crows Nest, Graceville, River Hills, Indooroopilly, Milton, Coopers Plains, Sunnybank Hills and Brisbane CBD in Queensland. “It’s…
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Residential zones changes a step in the right direction: HIA
The Victorian Government’s plans to change some requirements of the residential zones will improve housing outcomes in its suburbs said the Housing Industry Association (HIA). HIA’s acting executive director Keith Banks said the state government’s recent announcement on amending the residential zones has been seen as a logical starting point to improve residential outcomes. In the past HIA has argued…
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REIA: Property prices reflect state economies
The median house price across Australian capital cities has risen by 4.1 percent for houses and 2.1 percent for other dwellings, the latest research by the Real Estate Institute of Australia (REIA) has found. The REIA Real Estate Market Facts for the December quarter last year saw the average median house price for the eight capital cities at $743,496. REIA president…
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HIA is happy that Federal Gov is doing more to help first home buyers
The Housing Industry Association (HIA) has thrown its support behind the Turnbull Government’s to focus on first home buyer access and reducing the costs of new housing supply. Treasurer Scott Morrison is currently in London, looking to find ways to open up our housing market to more people and help solve the crisis in some of our cities, taking the…
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Ray White Feb results rises by four percent to $3.44B compared to same month last year
Ray White Group’s total sales of dwellings for this February has risen by four percent or $3.44 billion as compared to the same corresponding month last year. Ray White chairman Brian White AO in a statement said the company’s franchise in New South Wales (NSW) and Victoria achieved the best for performance in February, reaching $1.13 billion and $526 million…
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REIA Launches Course For Agents Providing Financial Advice
The Real Estate Institute of Australia (REIA) has partnered with the Institute of Public Accountants (IPA) and launched a new training course for real estate agents providing advice on properties as an investment. REIA president Malcolm Gunning said the RG146 Advice for Real Estate course by IPA would be made available immediately through Mentor Education, a training company based out…
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Keiren Cooney appointed as REA Group first ever CMO
REA Group has appointed Kieren Cooney as its chief marketing officer (CMO) in this newly created role. Cooney joins REA Group armed with more than 20 years experience in various senior marketing and telecommunications roles which includes the former chief executive of Omnicom Interbrand. Before Omnicom, Cooney has also held CMO positions with NBN Co and Telecom New Zealand. His…
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Harcourts Victoria Nominated in the Innovation Category for REIA’s National Awards
Harcourts Victoria was chosen as one of the contenders in the innovation space for the Real Estate Institute of Australia (REIA) National Awards for Excellence held in Canberra on March 23. The group is no stranger to such awards as it bagged a similar one at the Real Estate Institute Victoria awards for excellence in innovation last year. Harcourts head…
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RE/MAX agents making top sales
RE/MAX agent Tyler Bean made the top ten Brisbane sales list recently with a home in Charteris Street, Paddington, selling for $1.6million. The contemporary home over three levels, with a pool and views, sold under the hammer on 25th February. The median price for a four-bedroom Paddington home is $1.15 million. “The beautiful views were a definite selling point, and…
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Ray White agent competing in Half-Ironman World Championships in the US this September
One of Ray White’s newest recruits will be representing Australia in the Half-Ironman world championships in Tennessee, the US this September. Right now, Shaun O’Callaghan, 23 keeps his full-time role as Brett Pilgrim’s buyers agent of Ray White Adelaide, while at the same time committing to a gruelling 25-hour-a-week training schedule. “I train twice a day most days, for around 90…
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Henry Ruiz appointed as Interim CEO for REA Group Asia
REA Group has announced that it has appointed Henry Ruiz as its new Interim CEO for REA Group Asia effective immediately. Ruiz, who is currently REA Group’s chief digital officer, will oversee the group’s Asia business including iProperty Group across Southeast Asia and its Chinese property site Myfun.com, the company told ASX on Friday. Ruiz will continue to report to…
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New home building activity to move back a notch Australia-wide this year
New home building activity in Australia is forecasted to move back a gear in this year from the record highs seen in the past 12 months, said Housing Industry Association latest national outlook report which was released yesterday. “New dwelling starts hit an all-time high of 228,230 during the year – the culmination of the longest housing upturn since the…
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Capital city preliminary auction clearance rate rises to 80.8 percent on half the volume
Capital city preliminary clearance rate rises to 80.8 percent, with auction activity across the capitals significantly lower National auction clearance results for the week ending 12/03/2017 courtesy of CoreLogic This week 1,402 auctions were held across the combined capital cities, significantly lower than the 2,907 held last week and lower than one year ago (1,488). Four out of the eight states and…
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Housing Bubble Speculation Unwarranted: Ray Ellis
First National Real Estate which comprises one of the country’s largest networks of independent agents believes constant media speculation about the risk of a housing bubble is based on overseas analysis that fails to account for the country’s unique circumstances. “The Organisation for Economic Cooperation and Development’s (OECD) recent assertion that Australian house prices may represent a threat to the…
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New home loans down in Jan: HIA
Loans for new homes have contracted in January affecting the overall lending activity among interested purchasers, according to the Housing Industry Association (HIA). Figures released on Friday by the Australian Bureau of Statistics indicate that the volume of loans for new homes eased back during January, HIA senior economist Shane Garrett said. “Despite the reduction during January, the actual volume…
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Why Social Media Should Now Be Considered Traditional Media: Anders Sörman-Nilsson
Forty-eight percent of small businesses and 79 percent of large companies have turned to social media to promote their brand and business to the world. TEDx speaker and author of Seamless “A Hero’s Journey of Digital Disruption, Adaptation and Human Transformation” Anders Sörman-Nilsson said companies without a social media presence were expected to add at least one platform in the…
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Husband and wife duo opens another Raine & Horne branch in Sydney’s Botany
Two of Raine & Horne long term employees have decided to capitalise on the franchise’s aggressive expansion plans by opening an office of their own in Botany on March 6. Paul Kosta who had worked for the company for the past 15 years at Raine & Horne Maroubra while his wife Olivia spend 10 years in the property management sector…
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Two Young Guns Appointed Into Top Positions at Allard Shelton
Melbourne-based commercial real estate firm, Allard Shelton has appointed James Gregson and Michael Ryan as its executive director effective immediately. They will join Allard Shelton from Fitzroys, bringing with them more than 13 and 15 years’ experience, respectively in the commercial property space. Allard Shelton director, Joseph Walton, said the appointments were part of an effort undertaken by the company…
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Raine & Horne expands to Riverwood, New South Wales
As part of its continued expansion in Sydney’s South, Raine & Horne has opened a new office at Riverwood. The new office will be led by Gary Singh, who has recently rebranded his three year business Goldstarr Property Group into the 134- year old real estate franchise for ease of business. “Raine & Horne is high in the South West,…
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REIA’s Awards finalists revealed
The Real Estate Institute of Australia (REIA) has released the names of finalists for its awards night do which will be held at Hyatt Hotel in Canberra on March 23. REIA president Malcolm Gunning in a statement said the National Awards for Excellence 2017 would showcase Australia’s most outstanding performers in the profession, adding that the winners will be announced via…
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RatemyAgent award winners announced
The RateMyAgent 2017 Agent of the Year Award winners were been announced this morning, recognising those agents and agencies who have been the most consistently recommended in the system by their customers in 2016. Taking out the national title of Agent of the Year for Australia is Victorian based agent, Tim Heavyside, of Fletchers Canterbury, Victoria; while Phillips Pantzer and…
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Property Guru may consider to list in Australia, says its CEO
Singapore-headquartered Property Guru, one of Southeast Asia’s renowned property website may consider a stock listing in Australia next year, its chief said. In an interview with Bloomberg in Singapore last week, the portal’s CEO Hari Krishnan said the company which was backed by TPG Capital, an American investment company was on track in turning a profit this year as after…
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REIA: Affordability Declines Despite Historically Low-Interest Rates
Housing affordability has been reduced across all Australian states in the December quarter of last year, with New South Wales (NSW) remaining the least affordable state for homebuyers, according to the Real Estate Institute of Australia (REIA). The latest Adelaide Bank/REIA Housing Affordability report saw the proportion of income required to meet loan repayments rise to 30.4 percent, an increase…
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Australians and New Zealanders figure in RE/MAX top producers and leaders
Three memorable events at the 2017 R4 Convention held at Mandalay Bay Resort and Casino, Las Vegas in March celebrated leadership and sales success throughout the global RE/MAX network as the Special Awards Luncheon, the Club Luncheon and Night of the Stars Awards Gala showcased the results of professionalism and hard work. Named in the Top 10 individuals – global…
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Annual RE/MAX R4 Convention draws the best from around the world
Sixty Australian and New Zealand property specialists have returned from the 2017 RE/MAX R4 Convention in Las Vegas with an even greater appreciation of the global reach of the RE/MAX real estate network having shared valuable experiences with more than 6000 international colleagues. “The strength of the RE/MAX brand is remarkable,” said RE/MAX Australia and New Zealand Managing Director, Michael…
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Building approvals rises in January says HIA
The Australian Bureau of Statistics (ABS) data has recorded a growth in the number of building approval in January, the Housing Industry Association (HIA) said. HIA Senior Economist Shane Garrett said the total dwelling approvals rose by 1.8 percent in January due to robust activity recorded on the multiunit side and resulting in a 6.6 percent expansion in multi-unit dwelling…
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