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Elite Agent
MBA calls for HomeBuilder extension, plus new $3.8b scheme
Master Builders Australia (MBA) has released its Pre-Budget Submission, which calls for an extension of HomeBuilder, plus a further stimulus measure named CommunityBuilder which would inject a further $3.8 billion into the industry. The submission
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Real Estate News
LJ Hooker honours top performing individuals and offices
LJ Hooker has reinforced its commitment to service excellence, recognising its top performers across Australia at the real estate network’s awards and recognition nights, held virtually this year around the country. The five annual events, held by regions, recognise the top performing individuals and offices working across each part of real estate, including sales, property management, marketing, business strategy, and…
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Elite Agent
Award-winning agents launch Belle Property Double Bay
Agents Peter Starr and Alain Waitsman are bringing their 60 years of combined experience to Belle Property, opening a new Double Bay office. “We are thrilled to welcome Peter and Alain to Belle Property as they are completely aligned with what our brand stands for and what it strives to achieve for its clients,” explained Peter Hanscomb, CEO of Belle…
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FRANCHISE NEWS
DiJones unveils plans for Northern Beaches
DiJones continues to enjoy growth, announcing sales agents Michael King and Gordon Archibald have joined the independent network. DiJones Lower North Shore CEO Dean Mackie said the Northern Beaches as a natural progression for the brand who has recently opened Lindfield and Willoughby offices. “This expansion is aligned with our intense focus on migration patterns across Sydney, and our data…
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Elite Agent
Vendors adjusting asking prices suggests a broader slowdown: Domain
Almost 15 per cent of listings on the Sydney property market were reduced in price during July as vendors struggled to sell, according to a report from Domain. These figures have been reflected nationwide, with the larger capitals being much harder hit than smaller cities and regional areas. Sydney’s 14.7 per cent is down from a June high of 15.2…
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Elite Agent
Global commercial real estate investment takes a dive
COVID-19, and all the associated economic and geographic headaches it brought to the world, has led to a major slump in commercial real estate investment volumes, which fell across all three global regions during the first half of 2020. Commercial real estate investment fell 29 per cent globally, to $321 billion in the first six months of 2020 compared to…
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Elite Agent
Stage 4 building restrictions a ‘financial and emotional burden’ on Victorians: HIA
COVID Stage 4 building restrictions a Burden on Victorian Families "Restrictions on building sites in Victoria that limit trades people to just three sites a week could leave thousands of average Victorians and their families…
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Real Estate News
Direct Connect and PropertyMe making moving easy with new integration
From August 10, Direct Connect will be integrated with leading property management software PropertyMe, providing property managers with an even easier way to submit their connections. PropertyMe is one of the largest and most complete cloud based software solutions for property managers, so for Direct Connect there were benefits in joining their panel of integrations to support value partners already…
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Real Estate News
Winners revealed for Openn Negotiation agent awards
Australian real estate tech platform Openn Negotiation held its third annual awards night yesterday with agents across the country tuning in live to the virtual event. Hosted by comedian Peter Rowsthorn, the night celebrated the agents and agencies achieving outstanding success using the digital sales process, which recently reached a $1 billion sales milestone. While Openn Negotiation has its founding…
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Elite Agent
What does Stage 4 lockdown mean for real estate?
Barry Plant Group CEO, Mike McCarthy has issued a market update, hoping to clarify some of the confusion surrounding what the real estate industry can and cannot do. “The next six weeks will be an eternity for some and for others, it will be over before we know it. But we can do this, if we all stick together and…
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Real Estate News
Residential land purchases rose 33% in June
Housing finance figures released by the Housing Industry Association (HIA) today show that buyers returned to the market in June, reflecting both improved confidence and the announcement of the HomeBuilder scheme. While the total number of home loans still dipped well under the figures for June, 2019, there was a 9.7 per cent rise in lending to those buying established…
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Elite Agent
REIQ demands ‘urgent action’ to protect property market
The Real Estate Institute of Queensland has called for the Palaszczuk Government to protect Queensland’s property market “as a new wave of contagion threatens to undo the state’s recognised efforts of containing COVID-19 to date”. The essential temporary measures being asked for include a 75 per cent reduction in stamp duty and extending the First Home Buyers Grant to established…
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Elite Agent
Extending NZ mortgage holidays a ‘no-brainer’
Century 21 New Zealand owner Derryn Mayne has called upon the NZ government and banks to follow the lead of Australia and extend the mortgage holiday scheme, calling the decision a ‘no-brainer’. Close to 60,000 New Zealanders had deferred their mortgage payments by the end of the financial year, while an additional 80,000 had reduced their repayments. “Having supported over…
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Real Estate News
RBA: Economic recovery “likely to be both uneven and bumpy”
The Reserve Bank of Australia has maintained the current policy settings, leaving the cash rate on hold at 0.25 per cent in their August meeting. Below are truncated comments from Governor, Philip Lowe: “The global economy is experiencing a severe contraction as countries seek to contain the Coronavirus. Even though the worst of this contraction has now passed, the outlook…
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Elite Agent
Ex-AFL player kicking goals in real estate
Nathan Wright played for St Kilda Football Club between 2013-2018, before an injury sidelined his career prematurely. Now, he has gone on to join another stellar team, as a sales executive with Barry Plant Bayside, turning a hobby he held while playing in the AFL to a thriving career. “While playing AFL, I was lucky enough to purchase a couple…
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Real Estate Content
Perth sales activity increased 68% from April low
Despite the value of homes dropping across Australia, sales activity in the Perth metro region increased by 68 per cent in July compared to April. According to REIWA data, the increase was across both dwellings and land sales. “While there are no surprises with the increase in land sales for the month, which saw a 121 per cent increase compared…
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Real Estate News
New C21 office opens in Burwood NSW
An experienced team of real estate professionals have opened an agency in Sydney’s inner west under the Century 21 brand. Directors Eugene Ganke, Jada Vi, Betty Lu, and Ricky Kong are a team that are passionate about property. Together they will operate the Burwood real estate business after having worked together in different roles across independent and franchise agencies. “We…
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Elite Agent
High-yield commercial property investments still in demand
Investment in high-yield commercial properties, especially those with long-term tenants, is flourishing despite the pandemic, according to RE/MAX U’s Deepen Khagram. “Investors are very focused on yields and we are achieving very good outcomes with commercial property that we are taking to the market,” he said. Mr Khagram recently re-sold a 7-Eleven Service Station in Burpengary East for $5.4m, representing…
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Elite Agent
Rent prices take first quarterly fall since 1972
In the first quarterly fall since 1972, rent prices were down 1.3 per cent for the June quarter, according to the latest data from the Australian Bureau of Statistics (ABS). The downward trend coincided with the biggest drop in consumer prices since 1931, with the consumer price index for the June quarter falling 1.9 per cent. “Weak rental market conditions…
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Elite Agent
Build-to-rent incentives ‘a shot in the arm’
The Property Council of Australia has spoken out in favour of the NSW Government’s new measures to help boost the growth of the ‘build-to-rent’ sector. “The incentives announced today will help to attract institutional investment into new housing, giving the one-third of Australian households who rent their home more choice, certainty and better amenity,” said the Property Council’s Chief Executive,…
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Real Estate News
Homely secures auctioneer Damien Cooley as a brand ambassador
Real estate portal, homely.com.au, has named acclaimed auctioneer Damien Cooley as their new brand ambassador. Off the back of announcing a massive partnership with 400 top real estate agents from across the country, Homely has today shared that two-time REINSW Award for Excellence in Auctioneering recipient, Damien Cooley has become their first official brand ambassador. Mr Cooley has been brought…
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Elite Agent
Laing+Simmons tackle mental health
Laing+Simmons has struck a new partnership with Making Meditation Mainstream to bring mediation to local people and help tackle the challenges of mental health in the community. Each Saturday at sunrise, Making Mediation Mainstream takes members of the community through a peaceful, and free, mediation experience. Since launching in 2018 on the Northern Beaches, the movement now operates from 14…
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Elite Agent
National rent prices fell over June quarter
National rents have fallen by half a per cent over the June quarter. New figures from CoreLogic’s Quarterly Rental Review show that, although COVID-19 was a significant factor in the drop, the rental market was already weak. Rent values dropped 0.3 per cent in the month of June, and 0.5 per cent over the entire quarter, the largest quarterly fall…
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Elite Agent
Stamp duty relief welcomed by Property Council and HIA
The NSW Government’s plans to provide stamp duty relief for first home buyers purchasing newly built properties worth up to $1 million has been welcomed by numerous bodies. Under the new plans, from August 1, the stamp duty exemption limit will be lifted from $650,000 to $800,000 for the purchase of a newly-built home. The stamp duty concession will also…
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Mixed results for Q2: all unit prices fall, houses rise in select capitals
Results are in for the second quarter of the year and, according to Domain, all major capital cities saw unit prices fall across the June quarter, with house prices rising in Adelaide, Canberra, and Hobart. It appears the…
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Elite Agent
JobKeeper extension applauded as “right move”
The Property Council and Master Builders Australia are among the many industries to applaud the government’s extension of the JobKeeper program. “Today’s announcement by the Prime Minister and Treasurer provides businesses and their employees with the certainty they need for the coming months as we continue to grapple with the public health and economic impact of COVID-19,” said Ken Morrison,…
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Real Estate News
Finalists announced for Openn Negotiation Excellence Awards
Online real estate sales platform, Openn Negotiation, has announced the finalists for their upcoming virtual awards night on the 6th of August. This year marks the tech platform’s third annual awards night and first virtual…
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Elite Agent
Environmental reform for building codes “sensible and long overdue”
Reforms to the Environment Protection and Biodiversity Conservation Act that aim to streamline regulatory legislation for both housing and commercial property projects have been welcomed by The Property Council of Australia as “sensible and long overdue.” “There has never been a more critical time to ensure that our regulatory regime is free of unnecessary process and strikes the right balance…
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Real Estate News
JobKeeper extension likely, but it will come with conditions
An extension of the JobKeeper scheme looks increasingly likely, with Finance Minister Mathias Cormann foreshadowing the likelihood of continued conditional support and the unions welcoming the prospect of further assistance. According to the ABC, details…
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Elite Agent
REIV says Victorian property market holding firm
REIV President Leah Calnan says the Victorian property market has displayed true strength in holding firm against all predictions regarding the impact of Covid-19. The latest Quarterly median prices released by the Real Estate Institute…
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Real Estate News
Harcourts expands with multi-lingual office in Adelaide CBD
Harcourts has expanded further into the strong South Australian property market, with a new Adelaide City office. Business owner Jing Wang has assembled a young, experienced and multicultural team, with staff who speak Chinese, Mandarin, Italian, and English. Ms Wang has worked within the Adelaide real estate sector for over 15 years, building her own successful business, JinSea Real Estate.…
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Real Estate News
Josh Tesolin joins Ray White
Award-winning agent Josh Tesolin is set to soon open his own Ray White business in Quakers Hill. The elite performer has carved out a reputation in Sydney for his incredible work ethic and energy to not only deliver the best customer service but superior results for his clients. Over the past 12 months Mr Tesolin has sold a whopping 170…
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Real Estate News
Yes Victoria, you can still move during lockdown
REIV President Leah Calnan has welcomed clarification from the Victorian State Government that a person living outside of a restricted area can inspect a home inside a restricted area and vice versa. Many REIV members were left confused following the State Government’s decision to enforce Stage Three restrictions in Metro Melbourne and Mitchell Shire and not regional Victoria, with many…
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Real Estate News
Homely launches new Sold Hub drawing focus to Agent Ratings
Homely.com.au now features Agent Ratings in their Sold Hub and has released a new homepage design. Adam Spencer, Homely’s Co-Founder, said the Sold Hub prominently positions Agent Ratings and ‘Contact agent’ buttons, so consumers can identify top local agents and quickly get in touch with those who’ve had successful sales outcomes for comparable properties to theirs for an appraisal. “We…
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Real Estate News
The Agency partners with Cooley Auctions in NSW
In line with The Agency’s continued growth, the brand has partnered exclusively with Cooley Auctions within NSW. This partnership brings the award-winning auctioneering service led by Damien Cooley, and his impressive team of 17 auctioneers, to The Agency. The Agency CEO Matt Lahood said Cooley Auctions auctioneering team is the most booked independent auction service in the country. Damien Cooley…
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