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Real Estate News
More People Renting and More Apartments: HIA
“The symptoms of an under-supplied housing market continue to show-up in today’s census figures,” stated Tim Reardon, HIA’s Principal Economist. “The number of people living in each dwelling has increased in Sydney and Melbourne to 2.7 people (2.6 nationally). Furthermore, the number of households with six or more people has increased by 20 per cent since 2011. “There has been…
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Real Estate News
Pain and Gain: The Best and Worst in the March Quarter
According to the CoreLogic Pain & Gain March 2017 quarter report, nine out of 10 people (90.4%) who re-sold a property during the March 2017 quarter earned themselves a profit. Report Highlights 9.6% of dwellings sold for less than their previous purchase price over the first quarter of 2017. Proportion of dwellings selling for less than the previous purchase price…
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Real Estate News
Clearance rates continue to trend below 70 percent across the combined capitals on similar volumes as last week.
There have been 1,840 capital city auction results reported to CoreLogic so far this week, resulting in a preliminary auction clearance rate of 69.1 percent across the combined capital cities. There were a total of 2,323 capital city auctions held this week, down from the 2,444 held last week. National auction clearance results for the week ending 25/06/2017 courtesy of CoreLogic This…
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Real Estate News
Barry Plant reports another record growth period
Victorian franchise group Barry Plant are reporting another round of record sales figures for the March to May quarter of 2016. Barry Plant are reporting growth of 4.3% in the number of properties sold in the March-to-May quarter this year, which they say defies the current market trend. They have also reported a 24% increase in gross sales value, and a rise…
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Real Estate News
Province Agents Lower North Shore joins The Agency
The Agency has further expanded its NSW presence with the announcement of a strategic merger with Province Agents on Sydney’s Lower North Shore. The Province team, recently re-branding from Ray White, said they felt The Agency’s model is the best vehicle to meet their real estate goals. “It is a merging of common objectives and the alliance will expedite plans for both…
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Real Estate News
Brickx bursts into Brunswick West with Bricks from $99
Australians can now invest in a house in Brunswick West from $99 with Brickx. CEO Anthony Millet expects this latest offering in Melbourne to be popular with investors further adding to the current Melbourne portfolio of Prahran and Port Melbourne. “We’re thrilled to provide access to such a stunningly transformed terrace at an affordable entry price of just under $100,”…
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Real Estate News
Harcourts Foundation donates over $50k to benefit local charities
The Harcourts Foundation, the charitable arm of Harcourts Group Australia, announced grants to 13 Australian charities during of its most recent quarterly funding round. A total of $50,847 was donated across Australia. Harcourts franchise owners in each state nominate and support the organisations that impact in their communities. Additionally, Harcourts corporate team members are given the chance to nominate a…
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Brand Editorial
Well Wishing Solutions to provide community engagement workshops
Ask yourself some questions: Are you a valuable resource for your community? Are you consistently interacting with those that live in your suburb? And finally, who would you rather do business with, someone well known and trusted or someone else? Well Wishing Solutions can show you how to improve your local connections by working with you and providing local marketing…
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Real Estate News
REA Group confirms Henry Ruiz as CEO, REA Group Asia
REA Group today confirmed the appointment of Mr Henry Ruiz as CEO, REA Group Asia effective immediately. Mr Ruiz, who has been acting in this position since March 2017, is responsible for the Group’s Asia business including iProperty Group across Southeast Asia and Chinese property site myfun.com. Commenting on Mr Ruiz’s appointment, Ms Fellows said: “Asia is a key region…
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Real Estate News
Anthony Stevens, former AFL legend joins Elders Real Estate
Former AFL Kangaroos star, Anthony Stevens is embarking on a new career path as a rural real estate sales executive with Elders Real Estate. Mr Stevens will service clients across all agriculture asset classes throughout Victoria and the Riverina. Inducted into the AFL Hall of Fame this week, following an outstanding football career spanning over 16 years and 279 games…
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Real Estate News
Tasmanian agent beats Victorian rivals to win top franchise awards
Century 21’s first Tasmanian office in Devonport has beaten all of the group’s Victorian offices and taken out two top sales awards. Director of Century 21 Leslie and Banks, James Leslie, achieved two top awards at the network’s quarterly awards ceremony in Victoria including ranking as the first quarter’s Top Selling Principal for the most properties sold. James Leslie, who…
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INDUSTRY NEWS
iBuyNew Group partners with iSelect
Off the plan specialist iBuyNew Group Limited (ASX: IBN) has signed an agreement with comparison site iSelect Limited (ASX:ISU), matching qualified approved home loan leads with their selection of off the plan property. IBN has announced iSelect as a top tier partner who they believe are capable of delivering a significant number of prequalified potential property buyers to them. In turn, IBN…
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Real Estate News
Auction volumes rise to 2,407 across the capital cities returning a preliminary weighted clearance rate of 69.6 percent
There were 2,407 auctions held across the combined capital cities this week, with a preliminary auction clearance rate of 69.6 percent. Last week, the final clearance rate fell to 67.8 percent, recording the lowest clearance rate year to date, across 1,279 capital city auctions. This is the 3rd week in a row now where the combined capital city clearance rate…
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Real Estate News
Entries open for Domain Rising Star Awards 2017
Domain is back on the hunt for real estate’s young guns as entries for Domain Rising Star Awards 2017 are now open. The Awards uncover and celebrate innovation, dedication and achievement among Australia’s emerging real estate leaders. Entries are open to residential real estate agents up to 30 years of age in NSW, Victoria and, for the first time, Queensland.…
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Real Estate News
India to have global listings under REA Group deal
Elara Technologies Pte Ltd., owner of Housing.com, PropTiger.com, and Makaan.com has joined REA Group’s Global Property Network to deliver global property listings in more countries than ever. As an industry first in India, this collaboration will bring together Elara Technologies’ group companies from India and REA Group owned and partner sites across China, USA, Australia, Indonesia, Malaysia, Singapore, Thailand, Hong…
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Real Estate News
Housing Measures Fall Short In QLD State Budget
The REIQ has responded to measures announced in the State Budget that was recently handed down, welcoming the State Government’s extension of the First Home Buyer Grant boost. However it is disappointed that the Government has refused to broaden the grant to include established homes in regional Queensland. REIQ CEO Antonia Mercorella said regional Queensland property markets continued to struggle,…
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Real Estate News
realestate.com.au rental listings find a second home on Flatmates.com.au
realestate.com.au have announced that rental property listings on the site will also now be syndicated on Flatmates.com.au, improving the audience reach of listings at no additional cost. Flatmates.com.au is for people looking to find a room in a share house or for people looking for a new flatmate. It’s also for people looking to ‘Teamup’ with fellow rental seekers to…
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Real Estate News
Laing+Simmons opens new partnership office in Liverpool NSW
Laing+Simmons last week opened its doors to a new office in Liverpool, the first example of its new partnership model in action, with the company taking an ownership position in the business. Mr Platis said the opening of Laing+Simmons Liverpool, under new office principal David Tran, represents a key milestone in the company’s evolution, and claims the industry’s too. “Our…
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Real Estate News
Affordability increases, first homebuyers out in the cold: REIA
Housing affordability improved across all states and territories in the first quarter of 2017, however, the number of both first home buyers and loans decreased, according to the Real Estate Institute of Australia (REIA). The latest Adelaide Bank/REIA Housing Affordability Report found the proportion of median family income required to meet average loan repayments decreased by 1.3 percentage points to…
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Real Estate News
New Home Loans Lifting Despite Softening Housing Finance: HIA
While housing figures released last week show that while overall lending slowed in April this year, the number of loans to households building new homes has reached it’s highest level since 2015. “(The) result is a positive sign for detached house builders and supports our view that demand in this part of the market is likely to remain robust throughout…
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Real Estate News
Preliminary auction clearance rate holds above 70 percent on lowest volumes since Easter
The number of auctions held this week saw a significant decrease, with 1,265 properties taken to market across the combined capital cities, down from 2,578 over the week prior. The decrease in auction activity this week is attributable to the Queen’s Birthday long weekend, which has affected activity across most states, including Australia’s two largest auction markets. National auction clearance…
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Real Estate News
Harcourts office opens in Frankston, Victoria
Brent Pullar and Steve Foster-Swan have teamed up as business partners to launch and operate the 80th franchise for the Harcourts group: Harcourts Central. Brent Pullar was a co-founder of real estate empire MPRE group (as it was back in 2000) with 21 offices in the local area, who later went on to be the Harcourts CEO for Victoria for…
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Real Estate News
Changing of the guard at Ray White Killcare
Lea Turner lives and breathes real estate. She counts herself as lucky that she gets to work in real estate in the stunning Killcare Peninsula on the Central Coast, just an hour and a half from the Sydney CBD. As the incoming selling principal and owner of Ray White Killcare Peninsula, Ms Turner has been in real estate for the…
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Real Estate News
Stamp duty concessions are reverse engineering supply and demand: Douglas Driscoll
Starr Partners CEO Douglas Driscoll is calling for more justification around the NSW Government’s solution for housing affordability after it revealed no concessions would be afforded to buyers making property purchases over $800,000. The measures, taken to cabinet last week, proposed stamp duty would be abolished on all homes up to $650,000 and relief to buyers of homes up to…
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Sponsored Content
Movinghub: Create Your own Branded Utilities Connection Company in Minutes
In 18 months Movinghub.com.au has created 600 Utility Connection brands across Australia and New Zealand. Having your own utilities company, they say, is fast becoming a popular way to help your customers move home and/or switch providers. Movinghub is setting a leading standard using technology used by brands in Australia such as Ray White Home Now, Origin Energy, Guardian Real…
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Real Estate News
Zillow Testing “Zillow Instant Offers” in Las Vegas and Orlando
US Portal Zillow last week announced it will begin testing the Zillow Instant Offers™ marketplace – a way for homeowners to sell their homes quickly by providing them with offers from investors plus a comparative market analysis (CMA) from a local real estate agent. Speaking about the new service being piloted in Orlando and Las Vegas, Zillow Group chief marketing…
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Real Estate News
Former News Corp real estate sales manager launches new Raine & Horne office
Raine & Horne is finishing the 2016/17 financial year on a high, launching a new office in Coorparoo led by Mark Evans, who was recently head of real estate advertising at News Corp. Raine & Horne Coorparoo, seven kilometres from the centre of Brisbane, provides sales and property management services to owners in Coorparoo, Camp Hill and surrounding suburbs. Prior…
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Real Estate News
Harcourts Group Australia Celebrates 20th Anniversary with Gala Awards, Lee Perry Inducted into Harcourts Hall of Fame
Major real estate franchise group Harcourts Group Australia marked its 20th-anniversary milestone during a three-day conference held 29-31 May at The Star Casino, on the Gold Coast. Kicking off the signature event was a performance by ARIA award winning artists The Veronicas. The annual conference was a mixture of learning, inspiration and ideas presentations from a variety of noted property…
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Real Estate News
RE/MAX Territory expands to three offices
Property investors and homeowners at Oxenford and Monterey Keys on the Gold Coast now have the global real estate brand RE/MAX at their service following the expansion of RE/MAX Territory. Rob and Andrew Campbell joined RE/MAX in 2014 when they purchased the successful RE/MAX Territory office at Shailer Park on Brisbane’s Southside. In a strategic expansion move, they recently acquired…
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Real Estate News
Time for a change at the top of their game
A day after the top LJ Hooker business in NSW joined the Ray White Group, Belle Property Carina in Qld, under Principal Andrew McSweeny, have also decided to jump on board. Mr McSweeny said, who has more than 22 years experience in real estate started when he was 19 and is exceptionally proud of what he and his team had achieved…
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Real Estate News
Century 21 Launches Australasian Project Marketing Business
Century 21 has launched the group’s first overarching project marketing business that will have a presence across Australasia and in each Australian capital city. The business will work closely with both developers and the Century 21 franchise network to implement full-service project marketing strategies for residential projects from concept to completion. Century 21 Project Marketing will be led by Alex…
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Real Estate News
Preliminary clearance rate holds above 70 percent as the number of auctions held slips lower
The first week of winter saw auction volumes fall, with 2,545 homes taken to auction, compared to 2,885 the previous week. The preliminary clearance rate across the combined capital cities was higher (73.9 percent) compared with last week’s finalised result, which was the third lowest clearance rate so far this year (71.3 percent). National auction clearance results for the week ending 04/06/2017 courtesy…
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Real Estate News
Multiple Indicators Point to a Softer Housing Market: CoreLogic
The CoreLogic May Home Value Index results out today confirmed that the capital gains trend has slowed over recent months with dwelling values edging 0.4% higher over the three months ending May 2017. Highlights over the three months to May 2017: Best performing capital city: Adelaide +2.0% Weakest performing capital city: Canberra -1.5% Highest rental yields: Hobart houses with gross…
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Real Estate News
NSW Government Tackles Housing Affordability with changes to Stamp Duty from July 1
NSW Premier Gladys Berejiklian announced a raft of measures yesterday to tackle housing affordability for first home-buyers in NSW. These measures include: Abolishing stamp duty for first home buyers for homes up to $650,000 from July 1. (This lifts the value of eligible properties from the existing $550,000 and reintroduces existing homes to the scheme.) Providing a discount on stamp…
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Real Estate News
Juwai.com Appoints Georg Chmiel to its Board of Directors
Juwai.com announced today the appointment of Georg Chmiel to its Board of Directors. Mr Chmiel has nearly 17 years of experience directly in the online real estate and property industry. Chmiel is currently Group CFO and Director International of iflix, the streaming entertainment service available to one billion consumers across 18 markets throughout Asia, the Middle East and North Africa.…
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