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INDUSTRY NEWS
Digitisation of NSW real estate: REINSW Integrates with DocuSign
The new integration will give NSW real estate agents the ability to digitise customer engagements and agreements for faster turnaround, increased security and compliance, and a best-in-class client experience. With this move, REINSW has integrated DocuSign’s eSignature solution into its existing online forms and contracts cloud software platform, REI Forms Live. For the first time, approximately 40,000 individual agent members…
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Real Estate News
Estate Agents Co-operative welcomes newest member James Holt
Estate Agents Co-operative has announced the addition of James Holt as the newest member of their Business Development team. Previously at Century 21 Sutherland, Mr Holt has over 25 years of real estate experience in sales and auctioneering. Articulating Mr Holt’s ability to resonate with the requirements of the cooperative’s growing membership, the CEO of EAC, David Crombie, stated: “We…
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Real Estate News
REIWA calls for tax reform in 2017-18 State Budget
In its 2017-18 pre-budget submission, REIWA has cautioned the Treasurer against targeting the property sector with increased taxes, recommending they introduce incentives for first home buyers of established properties and seniors over the age of 65 to help raise much needed funds for the State. REIWA President Hayden Groves said this was not the time to consider raising property taxes,…
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FRANCHISE NEWS
Young talent shines at hockingstuart awards
Taking out the coveted Franchise of the Year award was hockingstuart Armadale. The office’s vendor NPS of 62, a strong market share, increase in sales value, and outstanding customer service and staff engagement earned them the prestigious title. The office also received the Most Improved Market Share award, reflective of the team’s burgeoning talent, with young-guns Jack Richardson (reigning REIV Novice…
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Real Estate News
Reapit launch new digital module to enable 24/7 interaction with clients
The new digital tools are fully integrated with Reapit’s CRM software to support the ultimate customer service experience by offering clients choice and flexibility on how and when they communicate with agents. Changes made in the CRM software are immediately reflected in the digital portal and vice versa. RPS Digital allows vendors to make real-time property appraisal bookings by displaying…
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SUPPLIER NEWS
view.com.au launches new Property Price Estimates tool
In preparation for the upcoming spring selling season, view.com.au (formally known as realestateview.com.au) have launched a new data-driven portal that will empower buyers, sellers, and renters by giving them access to detailed property insights. The new portal features an insights tool called Property 360, which includes over 10 million properties that allows people to track the value of their home, calculate…
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Real Estate News
Auction volumes were down in the first week of August however preliminary clearance rate was higher
National auction clearance results for the week ending 06/08/2017 courtesy of CoreLogic The preliminary auction clearance rose to 71.5 percent, after last week saw the final auction clearance rate fall slightly to 68.7 percent (revised lower from a preliminary clearance of 70.7%). Over the last month, auction volumes have remained relatively steady and while clearance rates have shown a softening, final results…
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Real Estate News
RE/MAX rebrands finance arm
RE/MAX Australia has announced the rebranding of its finance arm and the real estate network’s position as its sole owner. Pivotal Financial, formerly Australian Property Finance, will leverage from the growing RE/MAX network and from its new strategic partnership with Connective, Australia’s leading aggregator. Matthew Andrews, the recently appointed General Manager of Pivotal Finance, said his division would offer RE/MAX…
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Real Estate News
Di Jones appoints Melissah Kenny as Digital & Social Media Specialist
Di Jones Real Estate has appointed Melissah Kenny, formally of REA to the newly created role of Digital & Social Media Specialist as part of an expansion of its marketing team. Di Jones General Manager Kylie Walsh said the agency aims to be innovative and believes staying at the forefront of the social space is essential. “That’s why we created the…
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FRANCHISE NEWS
Harcourts Expands with Key Sunshine Coast Location
Harcourts Group Australia continues its expansion in Southeast Queensland by selecting Caloundra on the Sunshine Coast as its newest office location. The Harcourts Caloundra team will be led by dynamic husband and wife duo Luke and Katherine Carter. Brendan Whipps, Harcourts Queensland CEO, said “The expansion of their business was a natural progression to a more diverse global brand with…
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Real Estate News
Century 21 search for Perth’s brainiest business
Businesses across Perth are invited to hold fundraising quiz nights in support of the Telethon’s 2017 fundraising total, which is donated to children’s charities across Western Australia. As part of the sponsorship, Century 21 offices will be holding quiz nights across WA to earn a chance to compete against other winning teams in the Grand Final, where they will vie…
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Real Estate News
Gold Coast, Australia plays host to global RE/MAX contingent
RE/MAX is hosting their third annual Asia Pacific convention in Gold Coast this year with more than 400 people expected at the event. RE/MAX Managing Director Michael Davoren is counting down the days this month as real estate networks either side of the Tasman prepare to welcome the world to the Sheraton Mirage Resort on the Gold Coast. “The program,…
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NEW ZEALAND
Ray White New Zealand chosen as agent on The Block NZ
“We are excited to have Ray White on board with us as the new exclusive agents for The Block NZ and we are confident they will do a fantastic job marketing and selling these spectacular homes,” said a spokesperson of the producer, Warner Bros. Ray White New Zealand CEO Carey Smith said he was delighted Ray White had been chosen…
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Real Estate News
Crowdfunding opens the door to Australia’s property market
Lead researcher, UniSA’s Dr Braam Lowies, says the groundbreaking study assesses individual investor motivation and appetite for crowdfunding and its potential as an alternative investment vehicle for entering Australia’s tenuous property market. “There’s a lot of debate about the current state of Australia’s housing market, and its inaccessibility, especially first-time homebuyers, who lack foundation capital get their first home,” Dr…
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Real Estate News
Coronis welcomes youngest shareholder
Managing Director Andrew Coronis said the leadership team had recently overhauled their strategy and have developed an aggressive growth plan to reach 40 offices by 2019, of which Tamika will play an integral role. “Tamika came to us six years ago, with no real estate experience whatsoever and has simply thrived, growing from a buyer manager, into an agent into…
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INDUSTRY NEWS
First Home Owner Grant discriminates against buyers wanting to enter the established market
REIWA President Hayden Groves said first home buyers who wanted to buy an established home were being discriminated against and as a result were finding it increasingly difficult to enter the WA property market. “Housing affordability remains a significant issue for many West Australians. We should be making it easier for all first home buyers to enter the market, not…
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INDUSTRY NEWS
RE/MAX explodes into new financial year
RE/MAX Australia began this financial year with the same growth pattern as the end of the previous year with a new office signing each week over an eight-week period in June and July. “RE/MAX has arrived in Hendra and Seventeen Mile Rocks in Brisbane, Hoppers Crossing in Melbourne and Baulkham Hills in Sydney this month, said Franchise Director Joel Davoren.…
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Real Estate News
Auction volumes continue to increase as preliminary clearance rate scrapes above 70%
National auction clearance results for the week ending 30/07/2017 courtesy of CoreLogic Auction clearance rates have seen a slight improvement across the combined capital cities over the month of July, with the final clearance rate over the last two weeks just falling short of the 70 percent mark. Auction volumes were higher this week with 1,957 homes taken to auction across the…
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Real Estate News
CSIRO Acquires The Centre for Liveability Real Estate
In June 2016 CSIRO acquired The Centre for Liveability Real Estate™ and the intellectual property for the Liveability Real Estate™ Framework from Hooker Corporation. In an official statement, the CSIRO said that “The Liveability Real Estate™ Framework is aspirational and positive, targeting the desirable features of a house that a buyer or seller can transparently seek out, have a conversation…
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TECH + SOCIAL
Kingscliff agent runs open home in Mona Vale from 800km away
Ray White Kingscliff’s James Shugg turned to outside the box thinking when his mother decided to put her home at 6/125 Darley St West, Mona Vale in NSW on the market. “I said to mum, ‘I can sell it for you’. I can sell it by negotiation and I can get there by Facebook’s FaceTime. It’s easy, all we need…
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Real Estate News
Auction volumes lower with 1600 properties taken to auction, returning a stronger preliminary clearance rate of 72.4 percent
The number of homes taken to auction across the capital cities has fallen for the 4th week in a row, with just 1,612 auctions held this week, down from 1,766 last week, although higher than this time last year when 1,391 properties went under the hammer. National auction clearance results for the week ending 16/07/2017 courtesy of CoreLogic The combined capital city…
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Real Estate News
Investors to get a say on depreciation changes proposed in 2017 Federal Budget
The Australian Government has released draft legislation for public consultation that provides property investors with the opportunity to have their say around proposed changes to depreciation deductions that were announced in this year’s Federal Budget. According to Bradley Beer, the Chief Executive Officer of BMT Tax Depreciation, the integrity measures in the exposure draft released by the government provide further…
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INDUSTRY NEWS
Three In A Row for Bronte Manuel
REISA’s third Auctioneering Championships concluded last Thursday with a Gala Presentation Dinner at the Stamford Grand in Glenelg. Toop & Toop’s Bronte Manuel was the winner for 2017 – a perfect hat-trick – and will represent South Australia at the Australasian Auctioneering Championships in Adelaide in September. Independent auctioneer, AJ Colman, finished in second place and will also represent South…
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Real Estate News
Confidence Surges With Peak In Residential Construction: Master Builders
The boom in residential building activity is reaching its crescendo with key indicators showing residential builders in the south eastern states enjoying near pre-GFC conditions. “Master Builders National Survey of Building and Construction shows business confidence continued to improve in the June quarter, recording an index score of 60, the most positive result since June 2015 – an index score…
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Real Estate News
Time to move forward or be left behind: REINSW
The REINSW held its first ever Property Industry Think-Tank on professionalism to discuss education and the future of the industry. The think-tank, held at Parliament House in Sydney, invited 60 thought leaders and high-performing real estate agents to explore what the industry needs to do to become a true profession. REINSW President John Cunningham spoke to the aspiration to have…
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Real Estate News
Melbourne market sees solid June quarter growth: REIV
The cold weather hasn’t dampened Melbourne’s property market with the citywide median house price increasing for the fifth consecutive quarter. New REIV data shows the metropolitan Melbourne median house price rose 2.9 per cent in the three months to June 30, to $822,000. The city’s middle and outer suburbs were the main growth drivers in the June quarter with both…
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Real Estate News
Ray White reports increase in results for June 2017
Ray White this week released the White Paper which reflects on annual results and reported a total of $4.3 billion in sales across the Group for the month of June 2017. This result is a 20 per cent increase on last June’s results, which is notable given that June is normally a slower month and there was plenty of distraction last…
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Real Estate News
Real Estate Bookings and REX Software announce integration
Real Estate Bookings have announced another CRM integration, this time with REX Software, allowing real estate agencies to synchronise contacts and leads from a variety of sources. These sources include capturing buyer/tenant enquiry from a range of online channels including things like Facebook/Instagram, property websites and real estate portals, while the Real Estate Bookings Open Home app also records attendees…
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Real Estate News
Successful Ray White Gold Coast pair expand with new venture
Gold Coast agent John Tymon is adamant the real estate industry changed his life – for the better. On the eve of opening a new business in Elanora with John Parkes, the joint principal of Ray White Tugan felt it was time for some reflection. “Over the last 10 years my wife Caroline and I have experienced many ups and down…
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Real Estate News
Purplebricks UK ad banned for misleading consumers
UK-based online real estate agency Purplebricks has had one of its ads banned by the Advertising Standards Authority for “misleading customers”. The ad featured testimonials from customers in which they claim how much they saved in fees by using Purplebricks’ services. Purplebricks said it estimated the savings based on an assumed estate agent fee of 1.8 per cent of the…
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Real Estate News
Domain gets a new head of sales
Former REA Executive Tom Ainsworth is joining Domain Group as Executive Director of Residential Sales. Mr Ainsworth is currently Senior Vice President of marketing, go to market, research, sales enablement and sales at Move, Inc., publisher of the US’ second largest real estate portal, realtor.com. He was director of sales at REA Group from 2012 to 2015 prior to moving…
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Real Estate News
Auction volumes continue downward trend returning a preliminary clearance rate of 70.7 percent
The combined capital city preliminary clearance rate increased to 70.7 percent this week, up from 67.3 percent last week, while auction volumes fell week-on-week. There were 1,751 properties taken to auction this week, down from 2,001 last week. National auction clearance results for the week ending 09/07/2017 courtesy of CoreLogic Auction volumes were higher than this time last year when 1,399 auctions…
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Real Estate News
Auction volumes fall below 2,000 across the capital cities returning a preliminary clearance rate of 70.3 percent
The combined capital city preliminary clearance rate increased to 70.3 percent this week, up from last week, when the final results saw the clearance rate fall to 66.5 percent, the lowest clearance rate since June 2016. National auction clearance results for the week ending 02/07/2017 courtesy of CoreLogic Auction clearance rates have been trending lower since reaching a peak at the end of…
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Real Estate News
realestate.com.au strengthens home loan offering with acquisition of majority stake in Smartline
realestate.com.au has announced it will enter the mortgage broking market with the acquisition of an 80.3% stake in one of the country’s premier mortgage broking franchise groups, Smartline. With an average monthly audience of 5.9 million, realestate.com.au will now have access to over 300 Smartline advisers nationally. This acquisition adds to the strategic partnership with NAB, announced in December 2016, to…
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Real Estate News
realestate.com.au and NAB sign strategic mortgage broking partnership
realestate.com.au has announced it is building on its expansion into financial services by signing a new strategic mortgage broking partnership with NAB. realestate.com.au and NAB have also agreed to build a mortgage broking solution, which adds to the strategic partnership announced in December 2016 to create an Australian-first end-to-end digital property search and financing experience. To help achieve this, NAB…
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