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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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Real Estate News
CoreLogic November Home Value Index: Values holding steady with Sydney trending lower and Perth bottoms out.
According to CoreLogic head of research Tim Lawless, a significant contributor to the downwards movement over the month came from the Sydney housing market, which recorded a 0.7% fall in dwelling values, while a fall in values was also recorded across Darwin and regional Northern Territory which were both down 0.4% over the month. For the remaining broad regions of…
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Real Estate News
Raine & Horne launches office in Ingleburn, NSW
Raine & Horne has reinforced its commitment to south western Sydney with the launch of an office in Ingleburn last week. The office will be led by Abu Walid Ratul and MD Rajibul Islam, who are co-owners of mortgage broking firm Mortgage Plus, which services the Ingleburn area. “We opened our first franchise office in south west Sydney in 1976…
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Real Estate News
Auction Volumes and Clearance rates steady in the first weekend of Summer with Canberra the standout performer
National auction clearance results for the week ending 03/12/2017 courtesy of CoreLogic. Over the same week last year, auction volumes were similar to this week (3,207), although the clearance rate was considerably higher at 72.3 percent. Across the two largest auction markets, Melbourne and Sydney, both cities saw an increase in the rate of clearance over the week, however the 66.0 percent…
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Real Estate News
Artwork auction to raise funds for Di Jones team member
Di Jones staff are rallying behind one of their team members Kate McCullagh, who is battling cancer for a second time. This includes the auction of staff donated limited edition artworks to assist with medical and general living expenses. Art collector and Di Jones sales agent Gary Sands has donated two artworks from his private collection to help raise funds…
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Real Estate News
RateCity: Rates set to remain unchanged; but will we see a hike in 2018?
Christmas is not likely to bolster the Reserve Bank this month with interest rates set to remain unchanged on Tuesday. Comparison website RateCity’s analysis of 24 economic indicators has revealed a still-sluggish economy with no imminent signs of improvement. If there was any doubt, the usually reserved RBA governor Philip Lowe spelt it out in a recent speech saying, “there…
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Real Estate News
Banking royal commission should focus on an honest and fair financial system
Comparison website RateCity has welcomed the federal government’s decision to hold a Royal Commission into Australia’s financial sector. RateCity CEO Paul Marshall said the only way to restore public trust in our financial sector was through a Royal Commission. “Australians rely on financial products every single day. They hold the keys to our homes. They are the keepers of our…
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FRANCHISE NEWS
A new force in the Kiama and Gerringong real estate market
Terry Digger and Jason Stalgis, the Principals behind the successful First National agency in Gerringong, are excited to lead the new Coast & Country business. Mr Digger said, “Our focus is to deliver a whole new level of expertise across the coastal and rural property sector; combining top results, outstanding customer service with an enhanced support network.” Mr Stalgis added, “Combining the…
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FRANCHISE NEWS
hockingstuart opens three new offices in response to coastline demand
The network has opened a new office on the Bellarine Peninsula, joining the existing hockingstuart Geelong and Torquay offices in the area. The new office in Ocean Grove will cater to heightened interest from buyers who are looking to Melbourne’s Surf Coast for affordable homes that are still close to businesses and amenities. The increase in demand has been reflected…
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INDUSTRY NEWS
Laing+Simmons’ Leanne Pilkington announced as new REINSW president
The Real Estate Institute of New South Wales has elected Leanne Pilkington as President of the industry body, effective immediately for a two-year term. REINSW CEO Tim McKibbin said Ms Pilkington’s major strength was her ability to connect with people right across the industry. “Leanne’s charismatic style and strong leadership skills will see her focus on our lobbying efforts,” Mr…
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Real Estate News
REIV launches online petition to give landlords a voice
The REIV has launched an online petition calling on the Andrews’ Government to amend proposed changes to Victoria’s rental laws. The ‘Rentfair is Unfair’ petition will highlight the level of concern in the marketplace with reform of the Residential Tenancies Act set to remove important landlord rights, including the ability to consent to pets and to minor property modifications. Landlords…
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Real Estate News
Returning empty homes to Melbourne’s rental market could be life changing
HomeGround Real Estate, a division of Launch Housing, is calling on owners of empty properties in Melbourne to return 1,000 homes to the rental market. Despite the current housing affordability crisis, more than 7,000 homes in the City of Melbourne municipality remain empty according to City of Melbourne demographic data 2013*. Returning just 14 percent, or 1,000 homes, to the…
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FRANCHISE NEWS
First home buyers lead charge as Darwin market bottoms
“In October there was a massive increase in buyers at open homes, and this trend has continued this month, with group numbers more than double those of November 2017, said Glenn Grantham, General Manager, Raine & Horne Darwin. Almost 50% of attendees at open homes are first time buyers, with upgraders and investors making up the balance, said Mr Grantham.…
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Real Estate News
Di Jones makes historic Beecroft Post Office their new home
The historic Beecroft Post Office has been given a new lease on life, with Di Jones Real Estate set to open the doors to its new home on Saturday, 2 December 2017. Di Jones CEO Rob Ward said the BPO has always been a meeting place for the local community and the team at Di Jones want this to continue. “The…
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Real Estate News
The number of properties taken to auction continues to rise in the last weekend of spring
National auction clearance results for the week ending 26/11/2017 courtesy of CoreLogic Last week, based on final results, 60.9 percent of the 3,390 auctions held recorded a successful result, the lowest clearance rate since late 2015/early 2016. Once final results are collected, the combined capital city clearance rate tends to revise down so at this stage it’s looking like the final clearance…
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FRANCHISE NEWS
Barry Plant Group raises $100,000 in annual “Wishtober” initiative for children with life-threatening medical conditions
For the past four years, the group has renamed October “Wishtober” and the initiative has raised more than $450,000 in total for Make-a-Wish® Australia since its inception. Now a much-loved tradition within the Barry Plant Group, each of the group’s offices contributes donations from commissions earned on every property sold throughout October. The Corporate office also donates a significant amount…
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Real Estate News
Top Cammeray Independent Joins Ray White Lower North Shore
After 20 years in business, the highly regarded Ferguson Property Agents in Cammeray is merging with Ray White Lower North Shore to continue to grow and service the needs of their local community. Justin Ferguson and his wife Sally have been operating in Cammeray for 20 years and will rebrand their office to Ray White Ferguson (Cammeray) in February. Mr…
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FRANCHISE NEWS
Queensland A-List revealed
A List awards spokesperson Ashleigh Molden thanked Mercedes-Benz Brisbane and Pricefinder for their support of these awards to find the best of the best agents in Queensland. There’s lots of awards in the real estate industry, but the A List stands heads and shoulders above any other award as it compares agents from all agency groups using their sales data.…
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INDUSTRY NEWS
40 per cent of Perth suburbs have limited housing supply for sale
“1.3 per cent of the 818,000 properties across Perth are listed for sale, however when take a closer look, 95 suburbs have listing levels below this. While some of these suburbs have marginally less choice than the overall Perth average, others have significantly less,” Mr Groves said. Reiwa.com data shows Nedlands and Greenwood are the most undersupplied suburbs in Perth,…
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Real Estate News
Vivien Yap joins the Ray White group
“Growth is the oxygen for a business like ours that has been growing for over 115 years. My family and I are excited to welcome Vivien Yap and her team to our business.” Ray White Western Australia chief executive officer Mark Whiteman also extended a warm welcome to Ms Yap and her team to the WA network. “There are moments…
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Real Estate News
Real Estate Bookings Announces Integration with Agentbox
Real Estate Bookings, a leading marketing automation platform for real estate agents, is proud to announce advanced integration with Agentbox CRM. This integration means real estate agencies who use Agentbox and Real Estate Bookings can extend their capability and user experience. The Real Estate Bookings digital platform captures client enquiry from a range of online channels. The platform integrates with…
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Real Estate News
Veteran agent Craig Pontey of Ray White Double Bay says “passion is the key to success”
As Ray White Double Bay gears up to celebrate it’s 30-year milestone, Craig Pontey shared some of his insights gathered over 39 years in the property game. Mr Pontey likened his long career to running a never-ending marathon. “You run, run, run and get to the finish and fall over the line but it feels like a taxi picks you…
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National
Is the renovation boom over? Data shows demand for tradies softening
Building approval data provided by the Australian Bureau of Statistics reveals a mixed bag for tradies. Year on year, private sector house approvals are up 4.4 per cent, whereas private sector dwellings excluding houses (for example apartments) are down 5.1 per cent year on year. Some up, some down – so what does this mean? Of concern for tradies is…
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Real Estate News
Third busiest auction week this year with combined preliminary clearance rate in the mid 60’s
National auction clearance results for the week ending 19/11/2017 courtesy of CoreLogic This time last year, 2,987 homes were taken to auction and a clearance rate of 74.4 percent was recorded. The final clearance rate has remained below 65 percent for the last 4 weeks and it’s likely that this will be the case again on Thursday when the final results are…
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Real Estate News
CoreLogic Property Pulse: Are investors driving the current market slowdown?
He asks the question, “Is this occurrence a coincidence, or does this simply highlight just how reliant the housing market has become on demand from the investor segment?” The research results show that over the past five years dwelling values nationally have increased by 39.3 per cent, largely driven by Sydney and Melbourne where values have increased by a much…
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ACT Real Estate News
Westpac backs BRICKX
The Fintech company provides access to residential property by enabling Australians to buy “Bricks” in individual property trusts. The investment is a sign that banks are heading into a territory they have been wary of in the past. “The reason we are seeing the rapid rise of Fintech businesses is because they are creating products that are customer-centric and solving…
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Real Estate News
REA Group names best in the industry at 2nd Annual REA Excellence Awards
Twenty-two winners from across the country were honoured at the second Annual REA Excellence Awards (AREAs) in Melbourne last night, recognising the property and media industry’s best innovators, marketers and community champions. The awards were presented across the categories of Innovation, Service & Marketing Excellence, and Community. This year saw the introduction of the Gold AREA Agency of the Year award…
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ACT Real Estate News
Rent.com.au solves the cats versus dogs debate
New data from Rent.com.au has solved the age-old dog versus cat debate and it’s no surprise that man’s best friend is Australia’s most loved household pet. Rent.com.au’s Pet Resume feature has now exceeded 50,000 resumes, with around one-third of renters choosing to attach a profile for their furry friend to their Renter Resume. “The ability to move into a rental…
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Real Estate News
Parliament passes new legislation on depreciation; could cause loss in investor deductions
Changes to depreciation legislation announced in the May 2017 Federal Budget and detailed in Treasury Laws Amendment (Housing Tax Integrity) Bill 2017, have been passed by the Parliament of Australia. The new legislation means owners of second-hand residential properties (where contracts are exchanged after 7:30pm on the 9th of May 2017) will be ineligible to claim depreciation on certain assets. BMT…
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INDUSTRY NEWS
50 most influential financial advisers in Australia named
“At a time when the digitisation of financial advice has reached its tipping point, both new and experienced financial advisers must be ready to lead the industry forward with ideas and innovation. Industry influencers will be instrumental in this exciting growth period,” said Darren Snyder, editor at Financial Standard. The list of individuals was determined through an industry-wide nominations phase…
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Real Estate News
Pink October has been a resounding success for Century 21
Century 21 Australasia have declared the network’s Pink October fundraising initiatives a resounding success, with the network raising thousands of dollars for the Cancer Council’s Pink Ribbon campaign. For the fourth year running, the Australasian led initiative saw Century 21 agents exchange their signature gold real estate jackets for pink jackets and accessories. The network held a variety of events…
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Real Estate News
PRDnationwide expands with the addition of six new offices in the past five months
PRDnationwide has been expanding with the addition of six new offices in the past five months. PRDnationwide, which is the wholly-owned residential brand of Colliers International, has seen an increased level of inquiries from potential new franchisees which has resulted in new offices coming on board, says managing director Tony Brasier. “The success of some of our current offices have…
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FRANCHISE NEWS
Di Jones thrives as employer of choice
Recently recognised with the REINSW Award for Excellence for Real Estate Agency – Large, Di Jones has experienced a period of strong growth over the past 18 months under the leadership of Rob Ward. Flexible working hours, remote working and agent rewards lie at the core of Di Jones’ success, according to Mr Ward. “We have a strong focus on…
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FRANCHISE NEWS
Ray White Projects announces key appointments
Ray White Projects Managing Director & Partner Eddie Mansour says former McGrath associate directors Paul Tutt and Craig Moore will bring decades of experience to the team of residential sales and marketing specialists. Mr Mansour says the new appointments align with Ray White Projects’ vision for long-term growth, with the business expected to announce several new residential projects in the…
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Real Estate News
Clearance rates remain below 70% for 5th consecutive month with volumes on par to last year
National auction clearance results for the week ending 12/11/2017 courtesy of CoreLogic Clearance rates have continued to track below 70 percent since June the year; this is a considerably softer trend than what was seen over the same period last year when clearance rates were tracking around the mid 70 percent range for most of the second half 2016.Results across each of…
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