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Real Estate News
Lockdown inspires innovative virtual tour in Melbourne
‘Innovation’ has proved the catch-cry of 2020 and for Victorian agent Angela Limanis a foray into the virtual is reaping very real success. On Saturday, the Ray White Cheltenham sales agent and auctioneer, along with her associate Dylan Jansma, hosted a live virtual inspection of a beautiful three-bedroom home in south-east Melbourne, attracting 23 potential buyers in the process. The…
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Real Estate News
Rental dispute system cracking under COVID-19 stress
The Real Estate Institute of Victoria is concerned the process for dealing with residential tenancy disputes is cracking under the weight of COVID-19. With less than one month to go in the original six-month moratorium announced by the Andrews’ government, there is a backlog of 4000 rental cases at the Victorian Civil and Administrative Tribunal (VCAT) and nearly a thousand…
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Real Estate News
Coronis BDM Cadetship attracts over 200 applications
Coronis has been inundated with 207 applications in just three days for their new Business Development Manager (BDM) Cadet Program which launches on 1 September 2020. Coronis Property Management Director Jodi Ford, who oversaw the growth of the Coronis portfolio from 200 properties to 8000, said they received so much interest in the new program they had to take the Seek…
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Real Estate News
Buxton expands its leadership team
Buxton real estate group is continuing its growth in Victoria, announcing the appointment of Amanda Henry to its corporate team. Boasting a real estate pedigree and a career that spans 13 years, Ms Henry has joined the Buxton senior leadership team, in the role of Head of Operations – focusing on key areas including culture, marketing, technology, innovation, and training.…
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Real Estate News
@realty’s virtual tools to accelerate business
National real estate group @realty has seen its sales volumes increase by 20 per cent in the first half of the year, with its virtual network and online sales tools helping agents to navigate border closures. @realty significantly invested in its bespoke software last year, including virtual sales tools that have helped to close deals on multi-million dollar properties with…
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Real Estate News
Highly-regarded agent Carla Poletto joins DiJones Mosman
Highly-regarded agent Carla Poletto has officially joined the DiJones Lower North Shore team in Mosman. Having owned and operated her own real estate office for over a decade, Ms Poletto has an innate understanding of what it takes to provide a world-class client experience. “Carla has an exceptional reputation and enviable understanding of the real estate landscape, bringing over 26 years…
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Real Estate News
Openn Negotiation to auction signed footy boots for charity
Richmond AFL stars Dustin Martin and Jack Riewoldt have kindly donated the boots they wore at the historic ‘2020 Darwin Dreamtime’ match to raise money for St Mary’s Football Club NT. The boots will be auctioned off through Openn Negotiation – a platform that ordinarily facilitates the transparent sale of properties online. One of St Mary’s long-term sponsors is Real…
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Elite Agent
Landlords the forgotten people: REIV
The Real Estate Institute of Victoria has expressed concern commercial and residential landlords are being left behind and all but forgotten as the government makes decisions on financial support for people impacted by the economic downturn. Citing the recent decision to extend the rental moratorium to 31 December 2020 as one example, they note tenants have been provided with substantial…
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Elite Agent
REIA makes five key recommendations to Government
The Real Estate Institute of Australia (REIA) has provided five key recommendations to the Australian Government ahead of the October 6 Federal Budget. At the forefront of REIA’s considerations are policies to aid first home buyers, thereby boosting the economy. “Agents, renters, investors and those looking to enter the market for the first time are all facing difficulties,” REIA president,…
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Elite Agent
Ouwens Casserly appoint new COO
Ouwens Casserly Real Estate has expanded its senior leadership team with the appointment of John Thompson. Mr Thompson joins OC in the newly created role of Chief Operating Officer (COO), offering strategic support and leadership across all divisions of the business. “John has been managing a hugely successful recruitment business that has more than tripled in revenue over his seven-year…
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Real Estate News
REIWA says east coast property woes won’t impact WA
Despite property woes in capital cities across the east coast, Real Estate Institute of WA (REIWA) president Damian Collins cannot see Western Australian property prices following the same trend. “Any agent in Perth they will tell you they are reasonably optimistic because stock is selling at better prices than six months ago,” he said. “Our days on market are down…
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Elite Agent
Australian housing at its most affordable since 1999
HIA’s Housing Affordability Index for the June Quarter 2020 indicates national property prices are at their most affordable since 1999. HIA’s Affordability Index is calculated for each of the eight capital cities and regional areas on a quarterly basis and takes into account the latest dwelling prices, mortgage interest rates, and wage developments. Housing affordability improved in the June quarter…
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Elite Agent
Domain launches new spring campaign
Domain have launched their latest lighthearted campaign, ‘see the possibilities’, which plays on those ‘it’s time’ moments, when people know they need to make a property change that’s a better fit for their current lifestyle. The campaign is “centered on the human truths underpinned by changing search behaviour” from needing a proper home office to wanting more natural light. The…
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Elite Agent
realestate.com.au springs into fresh campaign
realestate.com.au has surged to an all-time audience high, reaching 12 million Australians in July, as the brand announced the launch of its new campaign. The campaign extends upon the successful ‘Millions More Buyers’ messages and continues to leverage the platform’s market leadership position of having the largest and most engaged audience of property seekers. REA Group Executive Manager, Consumer Marketing,…
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Elite Agent
RE/MAX appoints Business Growth Manager
After the successful transition of WA offices into its national network, RE/MAX Australia this month announced the appointment of experienced real estate professional Donna Goddard to the corporate team. Ms Goddard is Perth-based in the role of Business Growth Manager, WA. She has longevity in the Australian real estate landscape with around 12 years as an advertising director with News…
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Real Estate News
Animals will now be allowed to live in strata buildings
An amendment has passed in the NSW Upper House, stopping strata management from passing by-laws that “unreasonably prevent owners and occupiers from having companion animals”. Animal Justice Party MLC Emma Hurst passed the groundbreaking amendment, making the following statement: “There are apartment and townhouse complexes in NSW that have by-laws that prevent people from having a companion animal, and there…
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Elite Agent
REIV announces new board of directors
Members of the REIV have chosen four new directors to serve on the board, with Jacob Caine, current president Leah Calnan, Adam Docking and Andrew Meehan all set to take up their positions from October 1, 2020. Current president Leah Calnan and senior vice president Adam Docking were re-elected for their third and second three-year terms respectively. Jacob Caine and…
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Elite Agent
Crown Group CEO calls for ‘wellness’ to be integrated into building standards
Crown Group Chairman and CEO Iwan Sunito is calling for tenants’ physical and mental wellbeing to be considered and incorporated into building design standards in the post-COVID world. “Many people are spending more time working from home, studying from home, home-schooling their children and exercising and recreating,” Mr Sunito said. “People who live in well-designed homes that offer plenty of…
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Elite Agent
REA launches new tools for self-managed landlords
REA Group has announced a new experience for self-managed landlords to either connect with an agency on realestate.com.au, or list their rental property directly on the site. Set to go live later this month, the move comes in response to research highlighting that over one third of investors now self-manage their rental properties, presenting an untapped segment for realestate.com.au consumers and customers to…
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Real Estate News
Openn Negotation releases major app upgrade
Online real estate sales platform, Openn Negotiation, has released a major upgrade of its app – making transparent property sales even easier. With the release of Openn 3.0, it’s faster to navigate the platform, easier to find and manage properties, and when buyers are ready, to place a bid. The latest version of the Openn Negotiation app can be downloaded…
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Real Estate News
Off-the-plan and new builds surge as stimulus takes hold
A sharp uptake in off-the-plan and new build sales is potentially underpinning the nation’s real estate market, with owner-occupiers taking advantage of various stimulus packages, according to LJ Hooker. Mathew Tiller, LJ Hooker’s Head of Research, credits “pent up demand” after the shutdown, record low interest rates, and the various state and federal-led stimulus packages for the surge in off-the-plan…
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Elite Agent
Campaigntrack and Realhub announce merger
Two big players in the real estate software solutions space have teamed up. Campaigntrack and Realhub have announced a merger “to lead the way on their vision for the future of real estate”. Their combined offering looks to work the strengths of both brands to benefit the entire real estate sector, from small boutiques to major national brands. More than…
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Elite Agent
Commercial rental collection kept rising in July
CREDIA, a new online resource of commercial property leasing indicators from Re-Leased, has published Australian rental collection data for July which shows payment rates continue to improve. Throughout the month of July, 74 per cent of commercial rent was received by landlords within 30 days, compared to 71 per cent in June. The pre-COVID monthly average was 89 per cent. …
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Real Estate Content
Commercial tenancy code extension could spell disaster
An extension of the commercial leasing code of conduct by state and territory governments would impose an extra $4.8 billion in costs on commercial property owners, according to the Property Council of Australia. This is in addition to the $4 billion impact of the leasing code on commercial landlord revenues for the five-month period from April to September. This could…
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Real Estate News
Pause On Evictions Extended in Victoria
The Victorian Government yesterday announced an extended ban on evictions and rental increases until the end of the year, increase assistance and ensure tenant turnover is taken into account in rental negotiations – giving tenants certainty and security they won’t lose their home or workplace during the pandemic. Victorian Premier Daniel Andrews said, “No one should have to be worried…
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Real Estate News
Offr platform to launch in Australia
A prop-tech platform that digitises the buying, selling and leasing process for real estate agents and buyers, has raised close to AU$5m in seed funding. Launched just 10 months ago, Offr digitises over 85 per cent of the process of buying and selling property for agents and their customers. It also makes international trading of property possible for buyers online,…
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Real Estate News
South Coast agent named one of Raine & Horne’s best
South Coast agent and Raine & Horne Mollymook/Milton Principal Ben Pryde has been named the ‘Top Salesperson (Principal) – Number of Sales’ at the 2020 Raine & Horne Awards. Held virtually for the first time in the property group’s 137-year history, this year’s awards saw Mr Pryde edge past Raine & Horne Double Bay principal Ric Serrao to take out…
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Elite Agent
Barry Plant auction to support childhood cancer
For the third year in a row, Barry Plant is teaming up with Simonds Homes and Satterley developers for the ‘Home for a Cure’ campaign, raising much needed money to support the My Room Children’s Cancer Charity. The past two years have seen Jim Hatzimoisis, Director at Barry Plant Taylors Lakes auction off house and land packages, raising over $1.3…
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Real Estate News
Josh Tesolin recruits three top agents for new Ray White office
Since joining the Ray White Group a little over a month ago, Josh Tesolin hasn’t let up for a minute. He has listed 30 properties, sold five, and this week recruited three top agents for his new Ray White Quakers Hill office. The new acquisitions are Taylor Bredin, Nathan Beazley, and Marc Haddad. “I am on a mission to be…
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Elite Agent
Perth vacancy rate drops to a 12-year low
The Perth rental market’s vacancy rate has dropped to 1.6 per cent, the lowest rate since March 2008. The Real Estate Institute of WA (REIWA) warns that a vacancy rate of around 3 per cent strikes the ideal balance between supply and demand, but there are currently 50 per cent less properties for rent on reiwa.com than in July, 2019…
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Real Estate News
RE/MAX Awards go virtual
RE/MAX Australia is doing things a little differently this year, moving to a virtual platform to announce its top performers for the January to June 2020 period. Coinciding with the RE/MAX Evolve II event, which brought together members and guests from Australia and New Zealand in a virtual platform, as well as speakers from across the globe, the announcement of award…
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Elite Agent
ACT tax rebate for landlords extended
The ACT Government scheme which awards a land tax rebate to landlords who slash their tenants’ rents by 25 per cent has been extended until December. Over 750 landlords are currently involved in the scheme. “We understand this is a difficult time for many Canberrans, particularly those who have suffered a significant reduction in their income,” ACT Attorney-General Gordon Ramsay…
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Real Estate News
REIA announce new CEO, Anna Neelagama
The Real Estate Institute of Australia has announced the appointment of Anna Neelagama as its new CEO. Ms Neelagama is replacing the outgoing Jock Kreitals, who spent five years as CEO and 12 years in total with the REIA.“Earlier in the year REIA embarked on a recruitment process for a new CEO and we received over 100 applicants for the…
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Elite Agent
Illawarra, Launceston, and Ballarat the hottest regional markets
CoreLogic’s latest quarterly regional review analysed 25 of Australia’s largest non-capital cities, and while people seem to be leaving the capitals in droves, elsewhere in Australia there is a far more rosy outlook. Illawarra has recorded both the largest rise in housing values, and the biggest jump in home sales over the past 12 months. Illawarra’s annual growth rate sits…
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INDUSTRY NEWS
Over $13m of St Kilda sales in 7 days
The Agency’s Sam Hobbs has achieved an extraordinary outcome for his clients across the first two weeks of stage 4 restrictions in Melbourne. Within a seven-day period, Sam Hobbs sold two premium listings and one…
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