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Real Estate News
Rising star appointed to lead Ray White Commercial
Ray White Commercial has appointed Andrew Freeman, who has been with the family group for 18 years, as the new Head of Agency Operations. Mr Freeman has had an illustrious career with the family-owned and led brand, and after sitting down with Ray White Group Managing Director Dan White, was convinced his next step would be into the commercial network.“I’d often…
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Real Estate News
MyDesktop acquired by Real Estate Investar to create “CRM of the future”
Domain has announced the sale of its customer relationship management product, MyDesktop, for $14 million to Real Estate Investar. Domain Group Chief Executive Officer and Managing Director, Jason Pellegrino, said the sale was a continuation of Domain’s objective to simplify and optimise the business, and deliver the best value to agents. “We recognise the importance of CRM systems to every…
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Real Estate News
More regions in positive territory: Herron Todd White
More of the nation’s regions have progressed into positive property value territory, according to the latest findings from Herron Todd White. This week their market data indicates housing in Canberra and the New South Wales central west continues to sit at the peak of the property market, while Sydney, the Sunshine Coast, Gold Coast and Rockhampton are fresh faces on…
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Real Estate News
A familiar face opens Ray White Scarborough
The award-winning Ray White Aspley group has widened its presence in southeast Queensland with the opening of Ray White Scarborough. Director Robert Green will lead a team full of local area experts, and along with new stakeholders Stephanie Williams, Angela Duncan, Dwight Colbert and Paul Hodkinson, the team are thrilled to be able to offer their customers more exposure and…
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Real Estate News
RBA Survey: Coronavirus economic impacts just beginning
Experts fear the Reserve Bank of Australia (RBA) will need to take action in the wake of the COVID-19 (coronavirus), according to Finder. In this month’s Finder RBA Cash Rate Survey™, 39 experts and economists weighed in on future cash rate moves and the state of the Australian economy. Graham Cooke, insights manager at Finder, said 20 of those surveyed specifically…
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Real Estate News
Rare Northern Beaches home finally hits the market
A new exclusive luxury contemporary five-bedroom residence by renowned Newport designer Ian Bennett, located in a prime position within Sydney’s highly sought-after Northern Beaches, is being offered to the market for the first time. The three-level resort-style home at 67 Edgecliffe Boulevard in Collaroy, known as Eagle’s Nest, is being marketed through Knight Frank’s Prestige Residential Sales Deborah Cullen with…
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Elite Agent
Kindred brings spirit of tech to new shopfront
In the changing face of real estate shopfronts, Brisbane’s Kindred Property Group has come up with an innovative VR solution set to make the customer experience more convenient than ever. While other agencies ponder the question, ‘to shopfront or not to shopfront’, Kindred instead asked themselves, “how do we transform shopfronts to bring them into the new decade and meet…
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Real Estate News
Adelaide Hills community rebuilding after the fire
Ray White Woodside owner Angus Campbell and his community in Adelaide Hills are just beginning the long journey to recovery after the devastating bushfires of recent months. If Mr Campbell’s name sounds familiar it is because he is the man behind the Beyond the Bricks campaign image of a smouldering tree looking out over a fire-ravaged landscape. When Mr Campbell took that…
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Real Estate News
PRD appoints new managing director
Todd Hadley has been appointed Managing Director of PRD, taking over from Tony Brasier who has been at the helm of the real estate company for eight years. With 13 years’ experience, including a background in stakeholder relations, Mr Hadley will lead PRD forward in day-to-day operations, driving the business forward into the future. “I am thrilled to take over…
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Real Estate News
Ray White Young recruits specialist for new rural franchise
Ray White Young Principal David Coombes has recently recruited high-profile, agricultural specialist Rachelle Barnett to spearhead an expansion into rural sales. Previously a residential and commercially focused business, Mr Coombes opened a rural franchise this month, which he said would service the needs of the rural community surrounding Young and neighbouring towns – and he was thrilled to have Ms…
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Real Estate News
Adina to open landmark ‘green’ apartment hotel in Southbank
TFE Hotels and Hume Partners Property is set to launch Australia’s first cross-laminated timber (CLT) hotel and the tallest timber adaptive-reuse project in the country – the ultra-modern Adina Apartment Hotel Melbourne Southbank – later this year. Just six months out from opening, the striking 220-room Bates Smart-designed apartment hotel, at the intersection of Southbank Boulevard and City Road in…
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Real Estate News
2020 ARERA winners announced
The region’s top performing independent agencies and individuals have come together for the 14th annual Australasian Real Estate Results Awards (ARERAs). Hosted by industry coaching and training body Real Estate Results Network (RERN), this year’s ARERAs were more hotly contested than ever, with a large number of nominations received from across Australia and New Zealand. Winners from 36 award categories…
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Real Estate News
Property start-up to deliver sale success
Australian property start-up Brickfloor is eliminating home selling stress by providing a Home Price Guarantee for sellers. Working alongside leading real estate agencies, including Marshall White, and acting as an insurance policy for home sellers, the Home Price Guarantee product sees Brickfloor commit to buying the seller’s home for a competitive price that’s locked in before they even list. If…
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Real Estate News
730,000 interest-only mortgages a ticking time bomb
Hundreds of thousands of borrowers on interest-only loans will be hit with higher repayments this year according to new research by comparison site Finder. A Finder analysis of Australian Prudential Regulation Authority (APRA) data revealed that 730,000 interest-only (IO) home loans will convert to principal and interest repayments in 2020. Of all the home loans granted in 2015-2016, a worrying 39…
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Real Estate News
Melbourne’s outer fringe offers future growth
Melbourne residents are chasing value a little farther afield, with council areas on the city’s outer fringe enjoying recent growth. Jason Hellyer of Ray White Victoria said there were seven council shires in Melbourne’s outer fringe which grew by 7.1 per cent when compared to the same period in 2018. At the same time the average median property value across…
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Real Estate News
The global trend in co-living spaces
A new global metropolitan housing trend is hitting Australia with full force and is set to cause sustained growth in an emerging property sector dominated by young professionals. Recent research from Savills shows that co-living – purpose-built housing that mixes high-quality rental rooms with sophisticated communal lifestyle spaces – is on the up. They note investment into co-living predominately emerging…
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Real Estate News
First National announces SA/NT GEM award winners
First National Real Estate’s South Australian and Northern Territory estate agents were presented with their General Excellence and Marketing Awards at Adelaide Oval on Friday night. The awards recognised the best performing agents throughout 2019 and top 10 individuals and offices are now in the running for National GEM Awards. To encourage peak performance for all First National agents, those reaching the…
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Elite Agent
Big bank home loan war as ANZ slashes fixed rates to 2.68%
Australia’s fourth largest lender, ANZ, has slashed its fixed rate home loans by up to 0.86 per cent. The lowest advertised rate from ANZ is now 2.68 per cent on its two-year fixed rate package loan for owner-occupiers paying principal and interest. This is the second equal lowest two-year fixed rate in the RateCity.com.au database. ANZ has cut their two-year…
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Real Estate News
Auctions go from strength to strength
Auctions go from strength to strength The auction market continues to go from strength to strength with 2,446 properties going to auction in the major capitals this week, resulting in a preliminary clearance rate of 77.7 per cent. According to the CoreLogic data, that was a significant increase on this time last year when 2293…
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Elite Agent
RE/MAX recognises big wins from a year of distinct halves
Around 400 people gathered to celebrate RE/MAX Australia’s top performers for 2019 last week after a year which Managing Director Michael Davoren described as one of ‘perfect opposition’. “The first half was the toughest six months for some time, with the impacts of royal commissions, elections and so on; then the second half was a total turnaround, which paved the…
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Real Estate News
PropTech platforms Realtair and AuctionNow join forces
Australian PropTech innovator Realtair will merge with leading independent auction platform, AuctionNow, in a move that will see the formation of Australia’s first genuine end-to-end, integrated digital sales transaction platform. Realtair CEO and Founder Peter Matthews said the merger with Damien Cooley’s AuctionNow is perfectly timed at the start of this new decade. “At Realtair we have digitised and automated…
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Real Estate News
The Agency kicks off in Canberra
Peter Micalos is set to take the driver’s seat at The Agency’s new Canberra chapter, which launched this week with a significant project pipeline. Canberra’s growth trajectory – recent CoreLogic data showing dwelling values increased by 2.3 per cent over December and 3.14 per cent in January 2020 – has been on The Agency’s radar since the company’s inception three…
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Real Estate News
The novel coronavirus outbreak and Chinese cross-border real estate buying
Chinese Consumers at Home To understand the impact of the epidemic on Chinese cross-border real estate buying in overseas markets, it helps to first understand the situation for these buyers at home, in China. In much of the country, people are working at home or taking an enforced holiday until they can return to their…
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Real Estate News
Ray White Vic forecasts growth for 2020
Ray White Victoria corporate auctioneer Jeremy Tyrrell is optimistic about 2020 and says he’s expecting positive growth for the property market. After the highs and lows of 2019, Mr Tyrrell – who has 20 years of auctioneering and real estate experience under his belt – says the new year has begun with positive momentum. “With the Australian elections over and…
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Real Estate News
Ray White NSW comes together for Unite 2020
More than 450 Ray White Group members from across New South Wales descended on Sydney’s Ivy Hotel for Unite 2020. Hosted across capital cities by Australasia’s biggest real estate group, the Unite 2020 program provides a new and improved training format for salespeople and property managers. The sessions were designed to help its agents navigate and adapt to current market conditions. Ray White…
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Real Estate News
CEO calls for disclosure of energy efficiency in homes
First National’s chief executive Ray Ellis is calling on the nation to follow the lead of the ACT as climate change consciousness extends far beyond the capitals to impact regional home buyers and renters.
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Real Estate News
Listing of the week: Pretty in Pink
The impossibly pastel pink hued Main Beach Bungalow – modelled after the Beverly Hills Hotel – is on the market for the first time since it was redesigned two years ago. The resort style estate, hidden from view behind a pink fence and well established gardens, is located in the heart of the Glitter Strip at 46-48 Peak Ave, Main Beach. The cabana and…
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Real Estate News
First home loan scheme helping millennials: HIA
Data indicates the Federal Government’s First Home Loan Deposit Scheme is already helping millennials achieve their home ownership aspirations while giving a boost to regional areas. According to HIA Chief Executive Industry Policy, Kristin Brookfield, government data shows 34 per cent of First Home Loan Deposit applicants are aged between 25 and 29, while 76 per cent of applicants are…
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Real Estate News
Change on the program for RE/MAX New Zealand in 2020
RE/MAX New Zealand set ‘Navigating change’ as the theme for its February Rally held at the Grand Millennium, Auckland on Thursday, 13 February. “Change and the challenges associated with it are prominent on the RE/MAX New Zealand outlook for 2020,” said RE/MAX New Zealand Managing Director Michael Davoren. “Along with technology, global developments and changing customer expectations, the September election…
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Real Estate News
realestate.com.au launches autumn advertising campaign ‘Millions More Buyers’
realestate.com.au has surged to a new record audience high of 9.3 million as its new autumn advertising campaign begins. The ‘Millions More Buyers’ campaign uses modern illustration throughout the brand’s multi-channel approach. Digital, out of home, radio and TV campaigns aim to drive listing activity in the market as the autumn selling season begins strongly. The campaign’s 30-second TV commercial aired nationally for the first…
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Real Estate News
Raine & Horne beefs up corporate team
Australian franchise Raine & Horne has expanded its corporate team with the addition of a National Head of Network, a Business Development Manager in Queensland and two Customer Solutions & Support specialists.
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Commercial Real Estate
Buyers to benefit from strong conditions at Commercial Auction Event
As Ray White Commercial Gold Coast readies to host its Commercial Event Auction, director Greg Bell is confident strong buyer interest indicates a strengthening commercial market. On February 20, the commercial auction will see 14 properties go under the hammer, including a range of industrial-warehouse properties, strata-titled office suites, development sites, and retail premises, in addition to a collection of…
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Real Estate News
Demand for residential land picks up
“Residential land sales have increased by 45.9 per cent from their record low in the March 2019 quarter,” said HIA Economist, Angela Lillicrap. The February 2020 edition of the HIA-CoreLogic Residential Land Report provides updated information on sales activity in 46 housing markets across Australia, including the six state capital cities. “The first half of…
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Real Estate News
The Agency’s new powerhouse female team on the Central Coast
With four decades of experience between them, The Agency’s new Central Coast team is a force to be reckoned with. Agents Tracy Stein, Bev Barendse and Paula Taylor launched just last week with The Agency and their joint operation reaches from Davistown all the way through to Terrigal. “We are privileged to have agents of Tracy Stein, Bev Barendse and…
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Real Estate News
Downsizers value spare rooms and will leave neighbourhood for new home
Space remains important to Australian downsizers, with over a half moving to a dwelling with three or more bedrooms and a third moving to an apartment, AHURI research has revealed. The ‘Effective downsizing options for older Australians’ research, undertaken for AHURI by researchers from Curtin University and Swinburne University of Technology, compares households that downsized with those that haven’t to understand…
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