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INDUSTRY NEWS
London Edges Out NY as Top City Among Foreign RE Investors
Among foreign investors, interest in New York has slipped and London has assumed first place as the number one global city for their real estate investments. For the first time, Los Angeles has tied New York as the number one city in the US, according to the results of a new survey taken among the members of the Association of Foreign Investors…
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Real Estate News
More Aussies are prepared to give up dream locations in favour of affordable homes: State Custodians
New research from non-bank lender State Custodians Home Loans, finds more than half (54 per cent) of Australians who own or are buying their own home say they’re prepared to live in a more affordable or cheaper location, even one not on their wish list, to obtain the house they need or want. In contrast 26 per cent of Australians…
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INDUSTRY NEWS
Bottom of the property market cycle is not a time for panic: Raine & Horne
“Investment firm AMP Capital1 last week indicated that the Darwin real estate market has bottomed, which means that local owners should feel less pressure to take the first offer from a buyer,” said Glenn Grantham, General Manager, Raine & Horne Darwin. “The Darwin property market in fact reached the bottom of the price cycle a few months ago, yet there still…
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INDUSTRY NEWS
Cooling market highlights quality of flat fee agents: REINSW
REINSW President Leanne Pilkington said with the cooling market consumers are at risk of paying even when their property does not sell. “There had been a lot of press surrounding companies that offer a flat fee upfront to sell a consumer’s home rather than the traditional commission model,” she said. “There is no motivation or incentive for these agents to…
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FRANCHISE NEWS
Realmark and Altitude to join forces on 1 Feb, creating Realmark Urban
In welcome news for consumers and industry, the upcoming merger between the Realmark Real Estate Group and Altitude Real Estate will enable the combined agencies to offer their clients a more efficient, effective and influential way to buy, sell, lease, manage and finance property. Founded by Paul Tonich and his cousin Nathan Tonich in 2008, Altitude Real Estate is one…
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Real Estate News
McGrath continues its Melbourne expansion
McGrath Estate Agents has opened a Coburg/Brunswick office in Melbourne’s inner north. Melbourne continues to be an important market for the company with the opening of McGrath Coburg/Brunswick, as it operates 10 offices in the southern state. McGrath Founder and Executive Director John McGrath said “Melbourne is a city people want to live and invest in, which is reflected in…
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Real Estate News
Ray White set to open in North Ipswich
THE power couple behind the successful Ray White Ipswich business are excited to have just opened their next venture together in North Ipswich. Selling principal Warren Ramsey opened Ray White Ipswich almost 25 years ago and now he and his wife Deanne (pictured above) have just opened Ray White North Ipswich. Mrs Ramsey, who has been focused on the property…
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Real Estate News
Raine & Horne launches office in Ascot QLD
Raine & Horne who are celebrating 135 years of operation in 2018, has launched into the New Year with an office in Ascot, Brisbane. The office will be led by Adam Duffus, who has extensive sales, real estate and retail experience. Apart from owning a successful independent real estate business in Toowoomba between 2013 and 2017, Mr Duffus owned and…
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FRANCHISE NEWS
Ray White WA welcomes Ben Keevers
Recognised as one of Western Australia’s top agents, Mr Keever’s down to earth nature, enthusiasm and professionalism makes him one of the most sought after agents in Perth’s exclusive northern beaches. Ray White Group joint chairman Brian White said there was no greater compliment than could be paid than to have a top agent joining the network. “Growth is the…
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FRANCHISE NEWS
Ray White’s year of record network growth
The Ray White Group swelled by a record number of new offices in 2017 after a stellar year attracting some key businesses to its growing stable of more than 1000 offices this year. Ray White Network Development CEO Andrew McCulloch confirmed 2017 was a record year of growth with more than 106 new business owners in Australia calling Ray White…
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Real Estate News
Century21 welcomes four new offices to its network
Century 21 has celebrated the opening of four new office locations in recent months, boosting the network’s presence across Australasia. In New South Wales, Century 21 has welcomed C21 Tao Real Estate in West Ryde, C21 Masterpiece in Lane Cove, C21 Property Care in Glenfield, and C21 Centennial in Kensington. These offices complement many new office openings in Queensland that…
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INDUSTRY NEWS
New Home Sales Cooled in 2017: HIA
“The consistent feature of new home sales in 2017 is that the market is cooling,” stated HIA’s Principal Economist, Tim Reardon. “The HIA New Homes Sales Report – a survey of Australia’s largest home builders – highlights that there has been a fall in the number of new homes sold in 2017, but the industry remains at relatively healthy levels…
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FRANCHISE NEWS
Raine & Horne opens for business in Townsville and Carlingford
Raine & Horne has launched an office in Townsville, led by experienced business partners Steve Leaumont and Sue Edmunds. Raine & Horne Townville is the fifteenth office opened by the brand in Queensland in the last 12 months. In the past month, Raine & Horne has also opened offices in Kilcoy and Brisbane. “Raine & Horne enjoys strong brand awareness…
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Real Estate News
Sydney rental market stable: REINSW
REINSW President Leanne Pilkington said the November 2017 REINSW Vacancy Rate Survey saw availability in the Sydney metropolitan area steady at 2.1 per cent. “Vacancy rates in Middle Sydney remained unchanged at 2.2 per cent, while Inner and Middle Sydney both saw an increase of 0.1 percentage points to 2.2 per cent,” Ms Pilkington said. The Hunter increased 0.2 percentage points at…
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Sponsored Content
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Is quickrealestate.com.au the next provider to have a major impact on Australia’s real estate industry? With 250 agencies nationwide having subscribed to QRE within six months, and a 90 per cent increase in buyer and tenant alert registrations in the last month, the numbers suggest it is. “We now have a footprint in every major Real Estate marketplace in the…
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Real Estate News
Auction volumes decrease across the combined capital cities returning a 64.2 percent preliminary clearance rate
National auction clearance results for the week ending 17/12/2017 courtesy of CoreLogic. The number of homes taken to auction fell this week, after the surge in activity recorded over the 4 weeks prior when volumes remained consistently above the 3,000 level. There were a total of 2,865 auctions held this week, down on last week when 3,371 auctions where held across the…
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INDUSTRY NEWS
Stamp duty boosts surplus for NSW Government
The massive surplus of $3.3 billion for the 2017-18 financial year announced today by NSW Treasurer Dominic Perrottet in his half yearly budget update is good news for the health of our State’s economy, yet this government’s reliance on property taxes to boost the budget bottom line is something that must change. “Treasurer Perrottet has announced a massive surplus and…
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INDUSTRY NEWS
Pets are part of the family too: REISA
Pets are an important part of the family and REISA has taken steps to ensure that tenants and landlords are protected by a pet agreement that reflects the obligations of a tenant towards keeping a pet in their rental property. Following discussions with the RSPCA and Shelter SA, REISA has taken steps to formally recognise that allowing a tenant to…
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INDUSTRY NEWS
LocationScore names Australia’s top holiday investment locations
The new research scores each suburb monthly out of 100 using eight key indicators that measure the level of supply and demand as well as growth prospects. LocationScore co-founder and Research Director Jeremy Sheppard said the research showed that the long-held mantra that holiday homes were a bad property investment was not always true. “Ordinarily I’d advise investors to buy…
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INDUSTRY NEWS
Beachfront markets lead growth surge: REIQ
Southeast Queensland’s world-class beaches are driving median price growth for our coastal housing markets, with Noosa reining supreme with 9.6 per cent annual growth, followed by Gold Coast with 7.3 per cent annual growth and Sunshine Coast LGA with 6.8 per cent annual growth to median house prices. REIQ CEO Antonia Mercorella said the growth surge was helped along by…
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FRANCHISE NEWS
Laing+Simmons Rosebery set to open its doors in partnership with Dexar Group
Mr Skarlatos says he welcomes the opportunity to join Laing+Simmons. “It was important for me, in terms of building a strong business and valuable asset for the long-term future, to partner with a group with a strong reputation, great brand, powerful marketing and the right values,” Mr Skarlatos says. Dexar Group Executive Director and Head of Growth Stan Platis says…
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INDUSTRY NEWS
New REA Group showroom highlights invention and innovation
Designed by leading interior and architectural design firm, Futurespace, the new showroom was previously occupied by Woolworths, but has now been renovated to become a shared invention and customer space for REA Group. The showroom is fitted for multiple uses, but most importantly demonstrates some of the emerging ideas and technologies that REA Group is developing. Managing Director of Futurespace,…
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FRANCHISE NEWS
Raine & Horne launches new office in the Hunter Valley
Raine & Horne has joined forces with local agents Mallik Real Estate to re-establish a real estate office in Cessnock, the gateway to the Hunter Valley wine region. The Mallik family has lived and worked in Cessnock for many decades. Therese Mallik launched Mallik Real Estate in 2012 after previously working as a lawyer specialising in real property, conveyancing, probate…
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FRANCHISE NEWS
Coronis Community Collects More Than 1000 Toys & Books For The Smith Family
Property Management Director Jodi Ford said the large donation was a group effort with Coronis’ team, tenants, landlords, buyers, sellers and suppliers all pitching in and donating a toy or book. “About six weeks ago, we put the call out to all our clients and team across our 24 offices to help us collect 750 toys and books for The…
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INDUSTRY NEWS
Melbourne’s million-dollar boom: REIV
In the year to September 30, 154 Melbourne suburbs recorded a median house price of $1 million or higher from a total of 402 suburbs. A remarkable 90 per cent of suburbs within 10km of the CBD have a million-dollar median house price, while almost 50 per cent of suburbs in the middle ring are also in the million-dollar club.…
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Real Estate News
Housing loan affordability improves, first homebuyers flood market: REIA
The September quarter edition of the Adelaide Bank/REIA Housing Affordability Report shows that the proportion of median family income required to meet average loan repayments decreased by 1.2 percentage points to 30.3 per cent. REIA President Malcolm Gunning said first home buyers now make up 24.5 per cent of the total owner-occupied housing market (excluding refinancing). “This is the highest…
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Real Estate News
Tony Chen Appointed to Strategic new role in The Agency Projects division
After working closely with Steven Chen, the Director of The Agency Projects, for three years, Tony Chen has been promoted to Channel Partner Manager. This new role has been created in response to significant changes in the development market over the last couple of years. “This role is a vital addition to the Projects team,” Steven Chen explains. “The Agency…
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Real Estate News
Auction volumes continue to rise with Melbourne having the second busiest week this year
National auction clearance results for the week ending 10/12/2017 courtesy of CoreLogic. The lower weighted clearance rates of late can be attributed to the continual softening conditions across the two largest markets of Melbourne and Sydney, with clearance rates tracking below 70 percent across Melbourne for 5 consecutive week’s now (67.4 percent), however volumes across the city have been consistently higher; with…
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SUPPLIER NEWS
Christmas Comes Early for PropertyTree Customers
Rockend’s cloud-based property management system PropertyTree has welcomed three new enhancements set to simplify the work-lives of property managers. The first of these features is Invoice Genius, an intuitive tool that simultaneously automates the processing of creditor invoices, and eliminates the laborious task of manually entering these invoices. Beyond digitising invoices and automating workflows, Invoice Genius helps property managers work…
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FRANCHISE NEWS
RE/MAX Territory moves into Labrador
Hot on the heels of its June expansion, RE/MAX Territory will finishes 2017 with the addition of eight new sales agents and a new premises in Labrador. “Our greater Gold Coast team will be spread across the offices at Labrador and Oxenford, servicing real estate needs in those suburbs, Monterey Keys and right across the city,” he said. Broker-owners Rob…
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FRANCHISE NEWS
Coronis Targets Booming Coastal Markets With Two New Offices
Taking the independently owned network to a total of 24 offices across South East Queensland, Sales Director Craig Gillies said the additions were part of the Group’s strategic growth strategy of building 40 offices within the next two years. “Our new Gold Coast office is a joint venture with the Podium Property Group and was a strategic choice for the…
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INDUSTRY NEWS
Refinance time slashed in WA with new technology
The WA banking industry deadline for a new paperless refinancing era starts from 1 December 2017. It’s the compliance date marking when refinance transactions move online. Home owners looking to refinance, for example, in the event that interest rates rise, will now benefit from faster refinance times. The transactions are completed through Property Exchange Australia’s (PEXA’s) digital platform. Mike Cameron,…
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FRANCHISE NEWS
RE/MAX Australia’s lads feel the pain for Make-A-Wish
Last Friday, Joel Davoren, RE/MAX Australia Franchise Director, and Matthew Andrews, CEO of Pivotal Financial, the real estate network’s finance arm, grit their teeth, bared parts of their body and were waxed for a good cause, RE/MAX Australia’s chosen charity, Make-A-Wish® Australia, the organisation helping grant the wishes of children and teenagers battling life-threatening medical conditions. Mr Davoren is no…
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FRANCHISE NEWS
Raine & Horne helps Alexandria Hills vendor support Seeing Eye Dogs Australia
Alexandria Hills homeowner Laila Abbassy has won $2,500 for her favourite charity, Seeing Eye Dogs Australia by listing her home at 84 Vienna Road, Alexandria Hills with Raine & Horne. The $2,500 donation is one of 16 grants Raine & Horne has made available to vendors who choose to exclusively list their properties with the Superbrand this spring. “Raine & Horne is donating…
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INDUSTRY NEWS
REA Group expands Perth presence with new Subiaco office
The office mirrors the design of other REA Group spaces around Australia, with a focus on flexible working and creative environments. The new office has an urban industrial feel and popular Western Australian landmarks adorn the walls and double as names for meeting and quiet rooms. The office will house a growing workforce of REA Group staff across Residential, Developer…
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