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Real Estate News
NSW strata law reforms come into effect: REINSW
Years of consultation and review have resulted with significant reforms to NSW strata laws commencing on 30 November 2016. REINSW President John Cunningham said over 90 new strata laws will make a difference to the lives of those living in New South Wales. “These reforms will benefit owners, tenants and property managers and bring the laws in line with current thinking,”…
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Real Estate News
LJ Hooker overhauls its digital presence
LJ Hooker has unveiled its reinvigorated online centrepiece (ljhooker.com.au) and franchise network office websites with a view to enhancing interaction between its sales agents, property managers and customers. With the objective of creating a future-focused customer experience across its Australian residential, commercial, rural, land and home loans businesses the sites incorporate greater mobile responsiveness for customers and staff, cutting-edge agent…
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Real Estate News
Southern state investors returning to Darwin market
Raine & Horne Darwin has boosted it’s rent roll by 30% by amalgamating the rent roll of a major competitor with its existing property management business. “We now have 1,500 property managements, which makes us one of the biggest players in Darwin’s property management sector,” said Glenn Grantham, General Manager, Raine & Horne Darwin. For many years now, Raine &…
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INDUSTRY NEWS
REIA welcomes Government decision on change to FIRB rules
Following industry representation the Government has announced changes under the foreign investment framework to allow foreign buyers to purchase an off-the-plan dwelling when another foreign buyer has failed to reach settlement on it. Previously, the on-sale of an off-the-plan apartment was regarded as a second-hand sale, which was not open to foreign buyers who are only able to buy new…
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National
Aussie tech start-up Ubookr transforming how real estate agencies do business
Before the recent launch of ubookr.com trying to co-ordinate suppliers was a tricky task for real estate agencies. Synchronising the visits of photographers, floor-planners, copywriters and a long list of other suppliers often required endless emails or a complex, time-consuming ring-around. Having made the job a whole lot simpler Ubookr’s new online booking platform has been enthusiastically welcomed by the…
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Real Estate News
Macquarie Launches 2016 Benchmarking Survey
Macquarie has announced the launch of its biennial Macquarie Residential Real Estate Benchmarking Survey and is inviting residential real estate business owners and principals to participate. By encouraging participation nationally the survey aims to identify the key drivers of business performance, map financial standards and provides a comprehensive view of industry trends in Australia. Lisa Kearney, Head of Residential Real…
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National
Auction markets continue their strong run (27/11/16)
Auction markets continue their strong run of high clearance rates after the second busiest week for auctions so far this year Auction volumes increased with 3,367 properties taken to auction this week. This was the second highest number of reported auctions this year for the combined capital cities, up from 2,987 over the previous week. Despite the surge in auction…
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Real Estate News
New Australian development site portal delivers results for real estate agents, developers & investors
A new site, PermitReady.com.au has been launched, dedicated to selling and searching for development sites. The site already features more than 1000 permit-approved and permit potential sites across Australia. Less than two years old, the business launched in March 2015 with the goal to connect property developers and investors to development sites across Australia. In the nine months from January to September…
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Real Estate News
Sydney real estate boom drives R&W Hunter expansion
The surge of Sydney buyers forced out of Sydney in the hunt for value and affordability is changing the face of real estate in regional NSW. Richardson & Wrench today (November 25) adds a second Hunter Valley independent to its network, with the signing of Thomas Real Estate, a third generation family real estate business in the growth region of…
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Real Estate News
Super Lots Delivering Super Returns: LJ Hooker Research White Paper
It’s a phenomenon that always makes headlines, neighbours coming together to sell their properties, as a “super lot”, for double, triple or even quadruple the price of others in the street. A LJ Hooker Research Consumer White Paper on the growth of amalgamated selling delivers insight into this trend. Chief amongst the reasons cited for ‘super lots’ is the rezoning…
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EPM: News
Falls in Rental Affordability Causing Stress for Low Income Earners
Sydney continues to be Australia’s least affordable city for rental accommodation but, of all cities, Melbourne has seen the greatest decline in affordability since 2013, according to the latest Rental Affordability Index (RAI), released on 23 November, 2016. “The latest Rental Affordability Index shows housing stress is a common reality for people in the rental market, especially those on low…
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FRANCHISE NEWS
Recognising excellence in customer service: Ray White
At its elite conference in October, Ray White announced its top five businesses and agents leading the way in customer service internationally. As the Group continues to drive a shift in consumer sentiment in the Australian and New Zealand real estate industry, the Ray White ‘choice’ awards recognise those businesses that are rated most highly by their customers. From Queensland,…
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Real Estate News
From sales agent to business leader and mentor in 12 months
How to manage competing with your staff as a selling principal. The challenges you’ll face if you recruit the wrong people. The true costs associated with running a business. After opening his own office 12 months ago, these are just a few things that Sam Mayes has taught young agents in Queensland with ambitions to open a business. “I tried…
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INDUSTRY NEWS
Stamp duty hampers property transactions: REINSW
Homeowners are electing to undertake renovations rather than sell their properties in an attempt to avoid stamp duty, according to the Real Estate Institute of New South Wales. REINSW President John Cunningham said the number of property transactions had hit a four-year low for the month of October 2016 according to data from the NSW Office of State Revenue. “The…
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Real Estate News
News Corp Australia and realestate.com.au partner to create digital property news powerhouse
News Corp Australia and realestate.com.au this week announced a partnership streamlining property news, content and information. From early December, digital property content from News Corp Australia’s major metro, regional and community publications will live at realestate.com.au/news. This partnership brings together News Corp Australia’s news and information resources and realestate.com.au’s access to Australian property seekers. Tracey Fellows, REA Group CEO commented:…
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Brand Editorial
Eview Awards its best on the Group’s 10 Year Anniversary
The Eview Group hosted its 2016 Awards for Excellence at Melbourne’s Crown Studio 3 last Saturday night. More than 300 Directors, Sponsors and Partners attended the party in formal ‘masquerade’ dress. The night also coincided with Eview Group’s 10 year anniversary. In his address to the group, Manos Findikakis said he couldn’t have asked for a better night of celebrations to…
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Real Estate News
Domain Opens the Doors to it’s New Home in Sydney
The new home of Domain, located in a historic former woolshed at 100 Harris Street, has been fully converted into a stunning workspace for the growing team of more than 360 in Sydney. The new space has been designed with its team at the forefront, creating a space that is set to encourage and inspire the team culture at Domain.…
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INDUSTRY NEWS
REIQ Announces Nominees for 2017 Excellence Awards
The Real Estate Institute of Queensland has announced its 2017 Awards for Excellence finalists, representing the best in the Queensland real estate profession for the year. This year’s Awards attracted a record number of entrants, reflecting the growing strength in the market. Winners will be announced at the gala Awards dinner at Brisbane City Hall on 4 February 2017. REIQ…
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Real Estate News
Proposed changes passed to cut costs for WA real estate, says REIWA
On 16 November 2016 the Parliament of Western Australia passed the Residential Tenancies Amendment Bill 2015 and the Licensing Provisions Bill 2015, with amendments being made to the Residential Tenancies Act, the Real Estate and Business Agents Act, and the Auction Sales Act. These amendments are a result of initiatives put forward by the Real Estate Institute of Western Australia…
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Real Estate News
realestate.com.au partners with Tendril to provide Energy Scores for Australian properties
realestate.com.au last Friday launched Energy Scores, which will give properties in Australia their own energy efficiency rating. The tool will give property seekers an indication of how energy efficient their next home could be. And for homeowners, it allows them to better understand energy usage, associated costs and where they could potentially reduce their energy expenditure. To create Energy Scores,…
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Real Estate News
REA Group Property Demand Index – October 2016
REA Group last week released it’s Property Demand Index Report for October. “Demand for property in Australia is now at fever pitch, with rates continuing to reach record levels, further supporting house price growth in all states except Western Australia,” says Nerida Conisbee, REA Group Chief Economist. “From what we’re seeing on realestate.com.au in October, the increases in the index…
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Real Estate News
Small Business, Big Depreciation Schedules, don’t miss out says Bradley Beer
Australia’s largest provider of tax depreciation schedules believes that small-to-medium size businesses may be missing out on valuable opportunities to reduce their tax bills by not maximising the wealth of legitimate depreciation deductions available in the commercial property they either own or rent. According to Australian Taxation Office rules, commercial property owners and tenants can simultaneously claim for two categories…
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Elite Agent
World GIS Day 2016
Did you know that today (16 November 2016) is world GIS Day? Of course you did. But on the off-chance that you haven’t yet heard of this auspicious calendar event, GIS Day is an international day to demonstrate the value and real-world applications of geographic information systems (GIS) technology – and in recognition, aerial imagery and data visualisation company, Nearmap,…
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FRANCHISE NEWS
Ray White Victoria posts record month despite falling stock
In Victoria, where it’s estimated there’s a 20 per cent drop in stock levels across the state, Ray White has recorded a personal best in sales. Achieving $651 million is sales for the month of October, Ray White Victoria CEO, Domenic Belfiore said the momentum has been building all year. “It’s been a fantastic year and we’re thrilled with the…
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INDUSTRY NEWS
Sydney vacancy rates tighten: REINSW
Residential vacancy rates have tightened across the Sydney market as new accommodation is snapped up across the city, according to data released by the Real Estate Institute of New South Wales. REINSW President John Cunningham said the October 2016 REINSW Vacancy Rate Survey was at 1.7 per cent, down 0.2 per cent for Sydney. “We have seen an increase in…
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National
Preliminary clearance rates hold steady at 77.5% (13/11/16)
This time last week, the preliminary clearance rate was reported to be at 77.5 percent as is the case with this morning’s report. As results come in over the coming days, we will get a firmer view on how the numbers end up however with a strong preliminary headline result and increasing volumes of properties going to auction, the market appears…
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EPM: News
South Australia Looks to Change Property Management Licensing Laws
In a move endorsed by The Real Estate Institute of South Australia (REISA), the State Government has announced proposed changes to legislation including the introduction of a Code of Conduct for the real estate industry and the licensing of residential property managers in South Australia. REISA CEO Greg Troughton said “We have lobbied the Government extremely hard for many years…
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INDUSTRY NEWS
Defence Housing Australia Appoints New MD
Jan Mason has been confirmed as Managing Director of award-winning Government Business Enterprise Defence Housing Australia (DHA). Ms Mason, who acted in the role for the previous year, has been appointed for a further five years, DHA Chairman, the Hon J.A.L. (Sandy) Macdonald, said today. Mr Macdonald said Ms Mason had already accomplished a great deal and would continue to…
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Real Estate News
realestate.com.au launches Australia’s first VR property app on Google’s Daydream platform
Australians can now more readily explore and view properties in virtual reality, via the realestate VR app launched by realestate.com.au, on Daydream, Google’s high quality, mobile virtual reality platform. Australia’s first dedicated virtual reality property app on Daydream features a range of active realestate.com.au listings, allowing consumers to walk through their potential next home, in their own time. The number of properties available…
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Real Estate News
Retail lease reforms support SMEs: REINSW
The retail leasing industry and small businesses throughout NSW will benefit from retail lease reforms introduced into State Parliament, according to the Real Estate Institute of New South Wales. REINSW CEO Tim McKibbin said amendments to the Retail Leases Act 1994 (NSW) will make doing business easier for tenants, agents and landlords on the retail strip. “Some 44,500 retail businesses…
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Real Estate News
How the US election will affect the property market: LJ Hooker
Today, as the world watched the US election unfold, LJ Hooker Head of Research, Mathew Tiller gave us some preliminary thoughts on the impact of a Trump win on the Australian commercial and residential property market. Says Tilley, “Nearly all parts of the Australian economy are intrinsically linked to the performance of the US; our equity markets take their direction from…
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National
PropertyAnt: a new online platform helping the next generation of property investors
Research shows that new investors are starting earlier in life and are more likely to own several rental properties over their lifetime. PropertyAnt is a new tool that has been created to service this growing market segment. The 100 percent online and mobile solution matches investors with the right tools, experts and strategies that will enable them to feel confident about…
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Real Estate News
Mark Shorrock joins RE/MAX ranks
Mark Shorrock has joined the RE/MAX Profile Real Estate team in Brisbane’s western suburbs to ‘live, work and sell locally in 4070’, the postcode for Bellbowrie, Moggill and Anstead. He has lived in Bellbowrie for more than a decade, has worked in the local real estate market for more than six years, and the fully qualified chef owned and operated…
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Real Estate News
Meriton preparing a pre-xmas triple treat
Australia’s apartments pacesetter, Harry Triguboff, is paying no attention to talk of a Sydney market slowdown by unveiling his Meriton group’s plans to release three new projects, collectively worth more than $1 billion, before Christmas. The projects are in Dee Why, Rosebery and Mascot and they are coming on to the market on the heels of Mr Triguboff launching the biggest…
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FRANCHISE NEWS
RE/MAX global growth trending upwards
RE/MAX growth in Australia and New Zealand is travelling a similar upward path as the international scene, says managing director Michael Davoren. In a recent broadcast, Dave Liniger, the CEO, Chairman and Co-Founder announced that the worldwide RE/MAX network had topped 110,000 agents. “The September quarter was the 19th consecutive quarter of growth for RE/MAX across the globe,” said Mr…
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