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Real Estate News
Preliminary auction clearance rate and volumes strengthen from sub 70 percent final result last week
Preliminary clearance rate strengthens after last week saw the final clearance rate fall below 70 percent National auction clearance results for the week ending 30/04/2017 courtesy of CoreLogic The combined capital city preliminary clearance rate rose to 76.9 percent this week, increasing from last week when final results saw the clearance rate fell to 69.8 percent after 10 consecutive weeks remaining in…
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Real Estate News
A rise in the combined capital city auction volumes post Easter delivering softer clearance rates
Volumes rise across the combined capital cities and return a clearance rate of 72.1 percent National auction clearance results for the week ending 23/04/2017 courtesy of CoreLogic Auction activity increased significantly across the combined capital cities this week after last week’s Easter period slowdown, with 1,732 homes taken to market and a preliminary clearance rate of 72.1 percent, down from 73.9 percent…
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Real Estate News
Easter long weekend returns a rise in capital city auction clearance rate on subdued volumes
Across the combined capital cities, the auction clearance rate rose to 78.8 percent last week, from 74.8 percent the previous week. National auction clearance results for the week ending 16/04/2017 courtesy of CoreLogic The number of homes taken to auction, however, fell to just 487 across the capital city markets, with Sydney host to the majority of auctions last week (275). Preliminary…
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Real Estate News
LJ Hooker continues it’s first half expansion
Major National Franchise LJ Hooker say they are positioned to carry quarterly growth into the new Financial Year with a succession of new office openings flagged before July 1. Since January 1 this year, LJ Hooker has welcomed new offices in Wollongong, West Pennant Hills/Cherrybrook, Medowie and Hornsby in New South Wales, Gympie in Southern Queensland, while North Haven/Port Adelaide…
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Brand Editorial
What will property management look like in 2030?
Change is happening at a rapid rate and now more than ever is the time for business owners and property management departments to become aware, educated and in the know of these changes, innovations and disruptions that are taking place or you could be left behind with an outdated business, while your competitors are moving ahead. The reality is… no…
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INDUSTRY NEWS
The busiest week for auctions so far this year returns a preliminary clearance rate of 77.6 percent
The busiest week for auctions so far this year returns a preliminary clearance rate of 77.6 percent National auction clearance results for the week ending 09/04/2017 courtesy of CoreLogic Auction activity ramped up across the combined capital cities this week in the lead up to Easter, with 3,424 homes taken to auction this week, recording the highest volume of auctions year-to-date. The…
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INDUSTRY NEWS
National auction volumes ease while preliminary clearance rates fall below 80 percent
Preliminary clearance rate remains strong, while auction volumes fall week-on-week after some record weeks of auction volume activity. National auction clearance results for the week ending 02/04/2017 courtesy of CoreLogic The combined capital city preliminary clearance rate remains in the mid-high 70 percent range for another week, while auction volumes decrease week-on-week. There were 2,646 properties taken to auction this week, down…
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INDUSTRY NEWS
National auction volumes close to record high while preliminary clearance rates continue to run hot
Australia’s largest auction markets are continuing to run hot, with CoreLogic’s preliminary auction clearance rate nudging higher over the week, while the number of auctions held surges to the second highest weekly level over the year to date National auction clearance results for the week ending 26/03/2017 courtesy of CoreLogic The amount of auction activity across the capital cities increased this week,…
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Real Estate News
Australia called on as property management leaders
RE/MAX LLC, headquarters of the world’s number one real estate brand, invited three Australians to deliver the first-ever property management session at its 2017 R4 Convention in Las Vegas, which attracts more than 6000 delegates each year. Facilitating the session was Justin Miller, Co-Owner and Property Management Director, who heads up the property management division at RE/MAX Regency on Queensland’s…
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INDUSTRY NEWS
Preliminary clearance rate and auction volumes increase across the combined capital cities
Preliminary clearance rate and auction volumes increase across the combined capital cities National auction clearance results for the week ending 19/03/2017 courtesy of CoreLogic The capital city clearance rate increased this week, with preliminary results showing that 76.2 percent of reported auctions across the combined capital cities were successful, compared to 75.1 percent last week and 68.8 percent one year ago. Auction…
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Real Estate News
RE/MAX real estate network follows global growth path
RE/MAX Australia expanded its national footprint with the addition of 19 offices since the start of 2016. RE/MAX opened in Caufield in Victoria; Kingston in the ACT; Byron Bay, Parramatta, Minchinbury, Pyrmont and Lidcombe in New South Wales; and Mackay, Ipswich, Wamuran, Ningi, Crows Nest, Graceville, River Hills, Indooroopilly, Milton, Coopers Plains, Sunnybank Hills and Brisbane CBD in Queensland. “It’s…
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INDUSTRY NEWS
Capital city preliminary auction clearance rate rises to 80.8 percent on half the volume
Capital city preliminary clearance rate rises to 80.8 percent, with auction activity across the capitals significantly lower National auction clearance results for the week ending 12/03/2017 courtesy of CoreLogic This week 1,402 auctions were held across the combined capital cities, significantly lower than the 2,907 held last week and lower than one year ago (1,488). Four out of the eight states and…
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Real Estate News
realestate.com.au launches new lifestyle site
Realestate.com.au have launched “lifestyle” a new content experience for lovers of property. Lifestyle on realestate.com.au launches with over 720 informative and engaging articles. An in-house content team will be joined by Lifestyle experts to bring stories to life. realestate.com.au to introduce a marketing campaign extension to coincide with Lifestyle launch. For more than 20 years realestate.com.au has helped Aussies find a…
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Real Estate News
RatemyAgent award winners announced
The RateMyAgent 2017 Agent of the Year Award winners were been announced this morning, recognising those agents and agencies who have been the most consistently recommended in the system by their customers in 2016. Taking out the national title of Agent of the Year for Australia is Victorian based agent, Tim Heavyside, of Fletchers Canterbury, Victoria; while Phillips Pantzer and…
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Real Estate News
Australians and New Zealanders figure in RE/MAX top producers and leaders
Three memorable events at the 2017 R4 Convention held at Mandalay Bay Resort and Casino, Las Vegas in March celebrated leadership and sales success throughout the global RE/MAX network as the Special Awards Luncheon, the Club Luncheon and Night of the Stars Awards Gala showcased the results of professionalism and hard work. Named in the Top 10 individuals – global…
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Real Estate News
Annual RE/MAX R4 Convention draws the best from around the world
Sixty Australian and New Zealand property specialists have returned from the 2017 RE/MAX R4 Convention in Las Vegas with an even greater appreciation of the global reach of the RE/MAX real estate network having shared valuable experiences with more than 6000 international colleagues. “The strength of the RE/MAX brand is remarkable,” said RE/MAX Australia and New Zealand Managing Director, Michael…
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Real Estate News
Connect Overseas Buyers with Video
According to CoreLogic and the Australian Property Council, in 2016 more than 23 per cent of Australian properties were sold to foreign buyers. That’s a $61 billion market you should be part of! Your ability to use video to market to foreign buyers more effectively can be a big selling point in your next listing presentation – particularly if your…
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National
Auction clearance results continue their strong run into March after record February
Auction results continue their strong run into March, with Sydney and Melbourne recording an 80% clearance rate over the first week of the month National auction clearance results for the week ending 05/03/2017 courtesy of CoreLogic After recording the strongest result since June 2015 last week, the preliminary clearance rate across the combined capital cities fell slightly this week, from 78.4 percent…
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Real Estate News
REINSW calls on NSW to follow Victoria’s lead on stamp duty
A decision by the Victorian Government to abolish stamp duty for first homebuyers for purchases below $600,000 should propel the New South Government to also meaningfully tackle housing affordability. REINSW President John Cunningham said premier Gladys Berejiklian must put meaning behind her assertion that housing affordability is the number one priority for her government. “Victoria has acted,” Mr Cunningham said.…
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National
Rent360 launches online marketplace for property management
Saying they are set to disrupt traditional property management businesses, startup Rent360 has launched an Australian online marketplace for property management that allows independent pm specialists to establish their own businesses. Co-Founder and Chief Operating Officer Penelope Valentine explained how the platform works: “Rent360’s recommendation engine matches property investors with up to three of the best suited property managers servicing the…
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Real Estate News
Raine & Horne recognises Woodford office its best for business growth
In a major changing of the guard, Raine & Horne Woodford was named Raine & Horne’s best office for business growth in Queensland in 2016. The leading local real estate office is led by Principal Jill Garth, and the win is a huge result for the team at Raine & Horne Woodford, given the massive growth of the Raine &…
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Real Estate News
LJX-Lab announces digital real estate challenger, Settl
LJ Hooker today announced the first stand-alone business to come out of LJX-Lab. Settl will be a new hybrid online to offline real estate agency model that will be scaled in partnership with the LJ Hooker network to meet new trends in consumer needs. Settl is part of LJ Hooker’s $100 million digital transformation and has been in research and development…
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FRANCHISE NEWS
Di Jones Real Estate recognises talent at first ever Annual Awards
The legacy of 25 years of the Di Jones Real Estate brand was celebrated on Sunday 26 February at the first-ever Di Jones Real Estate Annual Awards. The black tie Gala Dinner saw team members across five offices come together to recognise their achievements. Di Jones Real Estate CEO Rob Ward said that the awards were a great tribute to…
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National
Auction volumes reach all time record high for month of February
Auction clearance rates reach the highest level over the calendar year to date as auction volumes reach a record high for February, with 3,232 auctions held across the combined capital cities. National auction clearance results for the week ending 26/02/2017 courtesy of CoreLogic Across the combined capital cities this week, the number of properties taken to auction increased dramatically, with 3,232 auctions…
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Elite Agent
Gold Coast duo sell $22 million worth of real estate in three weeks
Ray White Broadbeach agents Sam Guo and Julia Kuo have sold $22 million worth of Gold Coast real estate in the past 21 days. Of the 11 properties the duo sold in the last three weeks, four were to Asian buyers and accounted for $13 million. “Buyers are seeking quality real estate and we’re very fortunate to be able to…
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Real Estate News
Double Bay agent dominates Raine & Horne NSW awards
Raine & Horne Double Bay and its selling whiz, Ric Serrao, have dominated the Raine & Horne NSW State awards, held at the Westin Hotel, Sydney last Saturday night. The prestigious awards attracted 450 attendees, a record for the annual event. Mr Serrao was named Raine & Horne’s Top Salesperson (Principal) – Number of Sales and Top Salesperson (Principal) –…
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Real Estate News
Uber No Challenge to Tradies
Tech start-ups may have displaced paper directories like the Yellow Pages, but tradies are not at risk of being ‘Uber-fied’, ServiceSeeking.com.au chief Jeremy Levitt said. Many industries have been disrupted by similar on-demand software, not just taxis – but also food delivery with the likes of Deliveroo and Foodora, and even relationships through Tinder. Since the 2007 launch of ServiceSeeking.com.au,…
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Real Estate News
High homebuyer pressure pulls North West development dates forward
The Hills of Carmel, a 2,000 lot sub-division spread across 223 hectares in Sydney’s North West, has had its buyer registration period brought forward by four months to meet demand for prompt settlement. Registration is the formal process of lodging the individual lots with the land titles office, allowing the final settlement of property to take place. As a result,…
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Real Estate News
Elders real estate foot print expands, plans to acquire prominent WA agency
Elders, now in its 177th year, has announced that it has entered into an agreement to acquire the Southern Districts Estate Agency (SDEA) headquartered in Bunbury. Established more than 40 years ago as a rural real estate and auctioneering business, SDEA is a leading residential and commercial real estate agency operating from three locations in the South West region of…
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Real Estate News
RE/MAX Australia & New Zealand nominated for agency’s Global Region of the Year
RE/MAX Australia and RE/MAX New Zealand are two of six regions nominated for the RE/MAX Global Region of the Year award, with the winner and runner-up to be announced in Las Vegas on 28th February 2017. Michael Davoren, Managing Director of RE/MAX Australia and RE/MAX New Zealand, will be in Las Vegas at the RE/MAX R4 Convention, where he hopes…
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Real Estate News
Ray White Emms Mooney expands Bathurst operation
The number one Rural business in the Ray White network has cemented its presence even further with the expansion and relocation of its new Bathurst branch. Seeing exponential growth, the team achieved a record result in December of just shy of $40 million in residential and rural sales and Director, Pat Bird said the expansion was a natural progression for…
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National
Real Estate Results Network 2016 Award Winners
Top performing independent real estate agents from the Real Estate Results Network (RERN) in Australia and New Zealand were celebrated at the 11th annual awards (ARERAs) held in Sydney on Monday night. This year’s ARERAs were strongly contested, seeing between five and nine finalists vying for the top honour in many of the individual and agency categories. The Roaring Twenties-themed…
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Real Estate News
Fairfax set to spin off Domain
Updated: 11.45 am 22 Feb Fairfax confirms spinning off Domain. Here is what we understand so far. On Wednesday morning the AFR (a Fairfax Media owned newspaper) confirms that its parent company was considering spinning off Domain real estate advertising business into a separate entity. Details of the Domain spin off have sent Fairfax shares up by 9 percent to…
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Real Estate News
Sydney densities spreading to the Southern Highlands
High-density living is spreading well beyond Sydney, with properties for sale in the Southern Highlands increasingly on blocks of 500 square metres or less, according to a Mittagong builder. Thirty-year Southern Highlands building veteran, Steve Turland of ‘S Turland Building’ said it was now difficult to find acreage in his hometown of Mittagong. “Blocks are getting smaller and smaller. It’s…
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Real Estate News
Queensland’s best recognised at Raine & Horne industry awards
The Raine & Horne Queensland & Northern Rivers State awards held at the luxurious Jupiter’s Casino attracted 370 of Raine & Horne’s best and brightest, a record for the annual event. In a major changing of the guard, Jamie Wilmen of Raine & Horne Pottsville/Cabarita Beach was named Raine & Horne’s best sales agent for dollar value and number of…
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