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INDUSTRY NEWS
Real estate trailblazer Di Jones passes away
Real estate industry pioneer Diane Lenore Jones passed away on Saturday surrounded by family. Di Jones CEO Rob Ward paid tribute to Di Jones, who opened her first agency in Woollahra in 1992 and played an active role as brand ambassador until her death. “Di Jones was a remarkable and generous woman who was an inspiration to many,” he said.…
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INDUSTRY NEWS
C21 marks global rebrand with largest marketing campaign in brand its history
Century 21 Australasia will launch the largest and most aggressive marketing campaign in its history this July. Outlined at the network’s annual convention on Hamilton Island this month, the seven figure marketing spend will leverage television, cinema, social media, billboards, public relations and events to promote the group’s new brand repositioning, message and vision for the future. The campaign comes…
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FRANCHISE NEWS
Domain announced as Cricket Australia Platinum Partner
Domain and Cricket Australia today announced a four-year Platinum Partnership. Domain will be the Presenting Partner of Men’s Test Cricket over four years, which includes the next Ashes to be hosted in Australia, and will become the Official Real Estate Partner of Cricket Australia. Domain and Cricket Australia enter the partnership as the national game moves into a highly anticipated…
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INDUSTRY NEWS
Ray White agents master customer experience at Super Sales Day
The underlying fundamentals of the Sydney housing market remain strong and agents have every reason to be optimistic but they need to change as their customers have changed, according to social researcher Mark McCrindle. Mr McCrindle of McCrindle Research reminded more than 300 Ray White agents at the group’s Super Sales Day – The Modern Customer last week, that they…
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FRANCHISE NEWS
NGU targets Brisbane’s eastern suburbs with eighth office opening
NGU Real Estate is continuing its swift expansion with the launch of its eighth office, based in Brisbane’s bayside suburb of Capalaba. Ben and Katreena Stanton have rebranded their Freedom Property and Get Rented Bayside businesses to form NGU Real Estate Capalaba. “The NGU Real Estate model aligned with the direction we wanted to take with our company,” Mr Stanton…
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INDUSTRY NEWS
Top agents head to Melbourne for Ray White industry event
Agents from all over Australia this week attended an industry function in Melbourne hosted by the leading property group Ray White. More than 100 real estate agents from many different brands – both boutique and other franchise groups – travelled from Adelaide, Perth, Brisbane, Sydney and across Melbourne to compare notes on their markets and performance amid the backdrop of…
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FRANCHISE NEWS
Bribie Island office gets RE/MAX Advanced refurbishment
Victoria Nicholson, a well-known and respected name in real estate, has completely refurbished her office on Bribie Island in Queensland to be reimaged as RE/MAX Advanced, with a new direction through growth in response to demand from the market. “Our new name reflects who and what we are,” said Ms Nicholson. “We are forward looking, and advanced in our philosophy,…
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Real Estate News
Small deposit loans hit historic low as credit crunch sets in
New data out today shows banks have officially put the brakes on risky home buyers as the value of small deposit loans hits a record low. APRA’s quarterly property exposures statistics released today show that the value of new mortgages written in the March quarter with a loan-to-value ratio of more than 90 per cent have sunk to $5.79 billion…
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INDUSTRY NEWS
Adam Piller wins 2018 REIWA Auctioneering Championships
REIWA’s annual Gift of the Gavel Auctioneering Championships concluded yesterday, with Adam Piller from Caporn Young Estate Agents taking out first place. REIWA CEO Neville Pozzi said the Auctioneering Championships showcased WA’s talent in the auction space. “While auctions remain a niche segment of the Western Australian sales market, they are becoming increasingly popular with sellers who are wanting their…
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INDUSTRY NEWS
How footy preferences are driving migration choices
It might be hard to believe, but your footy code preference may well influence where you end up living, according to new research by property market analysts Propertyology. The market research firm and award-winning buyers’ agency analysed interstate migration trends over the past 20 years and found a significant correlation depending on whether you are a rugby league or an…
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FRANCHISE NEWS
Raine & Horne continues global expansion with third office in Fiji
Leading Australian property group Raine & Horne is escalating its worldwide expansion with the opening of a third office in Fiji in less than 12 months. Raine & Horne Fiji directors, CJ Shergill, Sanjay Krishnan and Aveet Goundar, launched offices in Lautoka and Nadi in July 2017. “Since joining the network, the Fiji team have gone from strength to strength…
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FRANCHISE NEWS
Award winning agent Jeff Anderson joins @realty
Award-winning real estate agent and avid football fan Jeff Anderson is switching teams to kick goals for fast-growing national real estate network @realty, which has recruited 500 agents in the past four years. Mr Anderson, who was managing director of an agency in Carnegie and has conducted more than 4,000 successful auctions in his 34 years in real estate, is…
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FRANCHISE NEWS
Boutique real estate brand poised to take over Victoria with new acquisition
Multi-award-winning sales agent Adam Joske has joined Belle Property as Head of Victoria & High Performance Coach and Trainer – a major acquisition which positions the boutique brand to break into the competitive residential real estate market in Victoria. “Acquiring Adam to the team is one of the biggest acquisitions for Belle Property in recent years. He has an incredible…
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INDUSTRY NEWS
New research identifies next suburbs to gentrify
New research released by the Property Investment Professionals of Australia (PIPA) has revealed the next city suburbs set to gentrify. The research, by PIPA chairman Peter Koulizos, looked for similar signs that could help homebuyers and investors pick the next suburbs to gentrify. Mr Koulizos said the research will help homebuyers and investors maximise their capital growth potential by purchasing…
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INDUSTRY NEWS
Industry body looks to split real estate profession
The Real Estate Institute of Australia (REIA) has declared it will split the industry with its latest move, as it forges forwards with its Pathway to Professionalism plans. REIA President Malcolm Gunning announced this morning that the REIA has applied to the Professional Standards Authority for admission as a profession. “The Authority is an independent statutory body established with specific…
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FRANCHISE NEWS
Lower North Shore agency wins office design award
A Lower North Shore real estate agency has won acclaim from the design fraternity for an architectural vision that has set a new benchmark for customer experience. LJ Hooker Willoughby | Artarmon has won Silver in the Commercial category of the prestigious 2018 Sydney Design Awards for the design of their office on Mowbray Road, Willoughby. The panel of judges…
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INDUSTRY NEWS
Smart Cities Week heading to Australia in October
How can data analytics enhance social wellbeing? How can Australia capitalise on the future of 5G? Where does the potential for PropTech lie? These are just three of the topics on offer at Australia’s first Smart Cities Week, heading to Sydney on 29-31 October 2018. The global Smart Cities Council team today released the program for Smart Cities Week Australia,…
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FRANCHISE NEWS
Savills retains Building Consultancy Team of the Year title for sixth year
Savills Project Management QLD have retained their title as Building Consultancy Team of the Year for the sixth year in a row, after taking out the award at the 2018 RICS Oceania Commercial Property Awards. Led by National Director – Retail, Andrew Hogg, the Savills QLD Project Management team were awarded for their outstanding efforts in managing QIC’s Grand Central…
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INDUSTRY NEWS
Zillow appoints first President in executive shuffle
Former Group Marketing Officer Jeremy Wacksman has been appointed President of Zillow after nine years with the company, making him the first person to hold the title. Mr Wacksman will oversee the entire Zillow brand, and continue to control the Zillow Group marketing in his role. In addition to this, he’ll be adopting the strategy, product development and engineering teams…
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INDUSTRY NEWS
Victorian Residential Efficiency Scorecard looks to commercialisation
The Victorian Residential Efficiency Scorecard is a voluntary report allowing Victorian homeowners to measure their home on an eco-scale. Although the report is currently voluntary, in response to stakeholder feedback the Department of Environment, Land, Water and Planning is exploring possible commercialisation opportunities for the product. The idea behind possible commercialisation stems from the idea of pushing the report into…
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INDUSTRY NEWS
IBISWorld predict growth for service-based franchises
Off the back of the recent parliamentary inquiry into the Australian franchising sector, industry research organisation IBISWorld has found that the future of franchising is not as ominous as it seems, with demand growth projected for service-based franchises. The Franchising industry’s complexion has changed dramatically over the past decade. Where once the industry was known for its prosperity, the franchising…
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INDUSTRY NEWS
Industry reacts to new ABS data showing continued housing finance falls
ABS housing finance figures show a continued fall in home loan lending as the fallout from the banking Royal Commission sets in. ABS data released today shows a 0.9 per cent drop in investor lending and an 0.2 per cent in all lending from the previous month, according to the seasonally adjusted figures from the ABS. While these falls are…
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INDUSTRY NEWS
Harcourts experiences substantial growth in US market
Despite just three years of operations in the US, Harcourts has seen significant growth in the region, under complex market conditions. Over the past 12 months, the US business has opened two new offices in Southern California, innovated their Harcourts Academy training, and continue to grow their non-distressed auction platform. Overall, agent numbers have drastically increased in this past year…
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INDUSTRY NEWS
Melbourne dominates population and residential hotspots in latest HIA report
HIA has revealed Australia’s strongest markets for home building in their HIA Population & Residential Building Hotspots report for 2018. “Melbourne has dominated this year’s report, with 12 of Australia’s top 20 building growth areas all located around Victoria’s capital,” said HIA’s Senior Economist, Shane Garrett. “According to the HIA Population & Residential Building Hotspots Report 2018, the Mickleham-Yuroke area…
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INDUSTRY NEWS
The Agency continues its expansion in Western Australian with acquisition
The Agency has acquired Inglewood Estate Agency, further expanding its reach in the Western Australian property market. Through this acquisition, the network has added a portfolio of approximately 80 properties to its property management arm. Inglewood Estate Agency Principal, Mark Jewell, will also come across to join the team. Established in 1960, Inglewood Real Estate was a longstanding family business…
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INDUSTRY NEWS
Submissions now open for the Annual REA Excellence Awards
Submissions are now open for the Annual REA Excellence Awards (AREAs), which celebrate excellence in the property and media industries. To be held on 15 November 2018 in Sydney, the AREAs will again honour the most innovative, community-minded and highest-achieving individuals and businesses across property and media. This year, three new Gold AREAs awards have been introduced to further recognise…
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FRANCHISE NEWS
Harcourts NZ wins Readers Digest award
Reader’s Digest New Zealand has announced its Most Trusted brands for 2018, and Harcourts for it’s sixth consecutive year has been voted Harcourts their Most Trusted real estate brand. Harcourts New Zealand CEO Chris Kennedy says the support and faith New Zealanders continue to put into the company is humbling. “To be named the Most Trusted real estate brand for six years…
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FRANCHISE NEWS
CBRE team donates $20,000 to Dockers’ MND cause
The Melbourne City Sales team of Australia’s biggest commercial property agency, CBRE, has made a generous $20,000 donation to support Fremantle Football Club and coach Ross Lyon’s participation in the MND Big Freeze event this weekend at the MCG. CBRE National Director and head of the sales team, Mark Wizel, said his team was honored to make a contribution to…
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FRANCHISE NEWS
RE/MAX Elevate launches, powered by mother and son team
Darren Lewis-Date and Sue Lewis-Date celebrated the launch of RE/MAX Elevate on 1st June, the first real estate business to be co-owned by this Brisbane mother and son team. The two broker owners have extensive real estate experience, particularly in their local market of Tarragindi and surrounding suburbs. Mr Lewis-Date has been a successful local agent for 15 years while…
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INDUSTRY NEWS
Hervey Bay agent joins @realty in booming market
Hervey Bay agent Joseph Weger has joined the team at @realty as the Fraser Coast property market hits a ten year high. New data shows 2017 was the region’s best year for house sales since 2008. Figures from the Queensland Government Statistician’s Office show 2,236 home sales (excluding apartments and townhomes) were made in the 2017 calendar year – almost 70…
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INDUSTRY NEWS
Harcourts Australia names 2018 Hall of Fame inductees
During a gala black-tie evening, Harcourts International inducted Lisa and Ben Bernacki of Harcourts Alliance (WA) into the Harcourts Hall of Fame. Mr and Mrs Bernacki join a list of select real estate professionals recognised with the highest accolade in the Harcourts network. “To be awarded a place in the Hall of Fame amongst the very people that inspire us…
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INDUSTRY NEWS
Harcourts Group Australia National Awards announced
Major real estate franchise group, Harcourts Group Australia, held its annual conference from May 28-30 at The Star Casino, on the Gold Coast. Kicking off the group’s pinnacle event was ARIA award winning artist Guy Sebastian, in a surprise concert for over 700 conference delegates. Their annual conference is a combination of learning, presentations and announcements from a selection of…
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FRANCHISE NEWS
Barry Plant CEO takes on sharks for charity
Mike McCarthy, CEO and Director of the Barry Plant Group, is diving with the sharks this Friday to raise funds for HeartKids, an organisation that supports children (and their families) affected by congenital/childhood heart disease. As part of their annual Super Boss fundraising initiative, HeartKids have organised an event where a range of industry CEO’s dive with the sharks at…
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FRANCHISE NEWS
NSW property market sees out autumn with a spring in its step
Prestige property markets around New South Wales defied the real estate doomsayers by producing some record sales in the last weeks of autumn. “We are running in to winter on the back of some excellent end-of-autumn sales,” said Angus Raine, Executive Chairman Raine & Horne. “Interestingly, we’re seeing activity in the middle and prestige markets, while the markets below $1…
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INDUSTRY NEWS
June 2018: Interest rates on hold, Industry reaction
At its meeting yesterday (5th June 2018), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 20th consecutive meeting. REA GROUP “The economy still isn’t growing fast enough to warrant an increase,” says REA Group Chief Economist Nerida Conisbee. “The issue is consumer confidence. While businesses are feeling far more confident, this is…
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