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Real Estate News
Home in NZ to go under the Hammer for $1 in online auction
A four-bedroom home in Bethlehem, Tauranga NZ, is about to go to online auction with a reserve of $1. The property’s agent, Rodney Fong, explained that the rock-bottom reserve price was intended to increase exposure for the property. The strategy has worked so far, with coverage of the sale in the NZ Herald and Stuff.co.nz. And, everything else going to…
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National
Clearance rates remain above 70 percent (W/E 16/10/16)
It has been another strong week for auction results, with a preliminary auction clearance rate of 77.9 per cent. There were 2,405 auctions held across the combined capital cities. Auction volumes still remain below levels of last year. The clearance rate has remained above 70 percent since the last w eek in July. Last week, the final auction clearance rate…
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Real Estate News
2016 REINSW Awards for Excellence winners celebrated
Real estate’s top performers have been celebrated at the 2016 Real Estate Institute of New South Wales Awards for Excellence Gala Dinner. REINSW President John Cunningham said 21 awards were presented across all facets of the industry including innovation, community service, residential and commercial professionals, as well as rising stars and auctioneers. “Our prestigious awards have been taken out by…
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INDUSTRY NEWS
Greg Dickason appointed CoreLogic’s International Chief Technology Officer
Greg Dickason has been appointed CoreLogic’s International Chief Technology Officer, reporting to the US CIO Bob Frosell. Greg has an international track record of delivering advanced technology and innovative products for the real estate sector, including the award-winning API that powers mobile apps as diverse as the Harcourts eOne App and Westpac Wonder. Greg has a passion for innovation and…
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INDUSTRY NEWS
REINSW top honour to Wayne Stewart
The prestigious Woodrow Weight Award for outstanding service to the real estate profession has been awarded to Managing Director and Office Principal of Century 21 Newcastle, Wayne Stewart. The Woodrow Weight Award is REINSW’s top Award. It is named after the legendary REINSW President, who was the first Australian ever to be elected World President of the International Real Estate…
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INDUSTRY NEWS
REIQ offers expertise on Queensland real estate market
The REIQ will be opening its doors and welcoming property buyers and investors to its free Experts Guide to Buying Property seminar at REIQ HQ, Coorparoo, October 22, 2016. The seminar, now in its third year, offers detailed, helpful information for anyone looking to buy or invest in the Queensland property market. Presenters will talk on a range of property…
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Real Estate News
Raine & Horne back in Glenelg with experienced real estate team
After a short interlude, Raine & Horne is open again in Glenelg, one of South Australia’s strongest real estate markets. Raine & Horne Glenelg will be led by highly experienced property professionals Graeme Sherwell and Christine Pinkus. “Graeme and Christine, who have had many years of real estate experience, are the prefect recruits to our network. They will enable us…
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Real Estate News
New Laing+Simmons Narrabeen Office Donates To Local School
The newly opened Laing+Simmons Narrabeen is off to a flying start, with the team enjoying its strongest month of the year and celebrating its rebranding by kicking off an important initiative to give back to the local community. The real estate agency has just announced it will donate $500 for every property it sells in Narrabeen to Narrabeen Lakes Public…
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Real Estate News
Domain Rental Report September Quarter 2016
Domain reports that for the last Quarter, the rental market is fairly stable, with little to no fluctuation in rents for most capital cities. A key insight for the September quarter is national vacancy rates. Despite a glut of new developments in both Melbourne and Sydney, the national supply of rental properties is tight, with some markets recording just 0.6…
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INDUSTRY NEWS
RateCity quarterly rate review shows major movements in mortgage lending
According to RateCity’s latest Rates of the Nation report, the RBA’s 1.5% August cut has led to significant action within the mortgage and deposit spaces, yet little movement in credit card rates. Home loans: Now more than a year since the emergence of investor pricing and the ‘ideal borrower’ and the rate gap has continued to widen. Home loan rates have…
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Real Estate News
Surplus signals time for new property incentives, says REINSW
For the first time on record New South Wales is cash positive, therefore it is time to give back to the property market in the form of new first homebuyer incentives, according to the Real Estate Institute of NSW. REINSW President John Cunningham said New Total State Sector Accounts figures show the final surplus for the 2015-16 financial year was…
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FRANCHISE NEWS
Raine & Horne ramps up website following international property gong
The Raine & Horne website, rh.com.au, has been recognised as one of Asia’s best with an award at the 2016 Asia Pacific Property Awards 2016, held at the glittering Shangri-La Hotel, Kuala Lumpur, Malaysia, earlier this year. Bill Russell, Raine & Horne’s General Manager International, was on hand to collect the award, along with Ms Zaidatul Adawlyah Zaki of Raine &…
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Real Estate News
Cohen Handler launches Cohen Handler Prestige
Cohen Handler, one of Australia’s largest buyers’ agencies, is providing a new service to high-end buyers with the launch of Cohen Handler Prestige. While house price growth across major Australian cities are expected to slow in the latter half of 2016 and early 2017, the prestige market at $3 million and above, has remained strong. Cohen Handler co-founder and Managing…
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Real Estate News
Raine & Horne marks 40 years of franchise success
Global real estate Superbrand Raine & Horne will mark 40 years of franchising success on Wednesday 19 October with a celebration at its franchise flagship, Raine & Horne Liverpool. In 1976, led by former Chairman Max Raine, who enjoyed a 60-year career with the 133-year old firm, the Raine & Horne board determined to open a minimum of five franchise…
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Elite Agent
The Long Game – Tom Panos Special Offer
If you’ve been listening to Tom’s Sunday Night Facebook broadcast you’ll know we have an exclusive with Tom in the current issue of Elite Agent, where he talks about many of his real estate and digital strategies that have been absolute winners for him. (And we are honoured to have Tom as our cover agent this issue). The first 2oo…
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Real Estate News
Your Tenants Can Now Insure Their Rental Bonds
BONDSURE announces the launch of an innovative new financial product that provides renters with an option to pay rental bonds off in instalments while helping them to protect these bonds for the first time through a revolutionary new type of insurance. Tenants can apply online to have rental bonds up to $5,000 paid on their behalf by BONDSURE, to be…
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INDUSTRY NEWS
Abakus Apps announced 2016 MyBusiness Awards Finalist
Abakus Apps – a finance-based smartphone application that streamlines the property tax management process – has been announced as a shortlisted finalist in this year’s Optus MyBusiness Awards, for the category Fintech Business of the Year. Founded in 2015 by farmer turned emerging fintech entrepreneur Brenton Tidow, Abakus Apps launched to market less than five months ago, and is growing…
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National
Real VR: Next Gen Real Estate Marketing Has A New Home
Real VR, part of the global award-winning Start VR business, has just been launched to provide VR content creation and production services to an industry for which the technology is an obvious – but previously untapped – fit. Real VR is headed up by Jason Salter, formerly of Laing+Simmons and Ray White, whose 20 plus years’ project marketing experience and…
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National
Volumes rise and return a strong clearance rate (W/E 09/10/16)
After a relatively quiet weekend last weekend, volumes and clearance rates have risen substantially this week. There were 2,246 auctions held across the combined capital cities. The preliminary clearance rate was 79.2 percent this week, up from a final clearance rate of 75.8 per cent last week across just 872 auctions. This week four of the capital cities recorded clearance…
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Real Estate News
Property Council calls for tax reductions on transacting property in NSW
NSW Treasurer Gladys Berejiklian’s announcement today that NSW is ‘back in the black’ having wiped out state debt for the first time in 20 years with a $4.7 billion surplus in the bank, and the Property Council of Australia are saying there has never been a better time to reduce the tax burden on people developing, selling and buying property…
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EPM: News
NSW property transfer of 18,000 homes welcomed by CHP Sector
Today’s announcement by the NSW Baird Government of a long lease property transfer of 18,000 homes is welcomed by Australian CHPs for taking a forward thinking and common sense approach to providing better social housing outcomes. PowerHousing Australia which represents 27 of Australia’s largest Community Housing Providers (CHPs) said that our members are already working with property transfer in other…
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FRANCHISE NEWS
RE/MAX Attends AU-NZ Broker Owner Forum in Bangkok
RE/MAX Australia and New Zealand franchise owners plus agents and other directors have recently returned from Bangkok having attended the RE/MAX Australia-New Zealand Broker Owner Forum, and the Asia-Pacific Convention. More than 300 delegates representing all 15 countries in the Asia-Pacific region – Australia, New Zealand, Thailand, Indonesia, Singapore, Philippines, Guam, Korea, China, Japan, India, Sri Lanka, Mongolia, Malaysia and…
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Real Estate News
REIWA Awards for Excellence 2016 Winners Announced
The Real Estate Institute of Western Australia hosted more than 400 real estate professionals at a formal dinner at Crown Perth on Wednesday night to recognise excellence in real estate. REIWA CEO Neville Pozzi said the awards provided the Institute with the opportunity to recognise and celebrate the very best in the industry. “This year, we received a record number…
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INDUSTRY NEWS
Roy Morgan Research: Over 300,000 mortgage holders have little to no equity in homes
Overall some 6.8% (311,000) of mortgage holders in Australia have been identified as having little or no real equity in their home. This is based on the fact that the value of their home is only equal to or less than the amount they still owe, placing them at considerable risk if they have to sell or prices decline. This…
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FRANCHISE NEWS
Century 21’s Famous Gold Jacket Tickled Pink for Pink Ribbon Campaign
The world’s most recognised real estate jacket is turning pink for the month of October in an initiative aimed at raising awareness and funds for Cancer Council’s ‘Pink Ribbon’ campaign. For the third year running, Century 21 agents across Australia and New Zealand will be seen at auctions, open homes and around their local communities wearing limited edition pink jackets,…
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INDUSTRY NEWS
realestate.com.au moves into virtual reality
Australian property seekers and daydreamers will soon be able to explore their dream home in virtual reality through realestate VR, realestate.com.au’s virtual reality property app, coming soon to Android mobile devices. realestate VR will allow people to tour through a property from the comfort of their couch via their virtual reality device, offering a new and exciting way to experience…
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INDUSTRY NEWS
Starting young: Schools Auction Idol in SA teaches students about the art of auction
Raising the profile of the industry in the community, Schools Auction Idol teaches high school students about real estate via the ‘art of auction’. The Schools Auction Idol program is on the brink of achieving its 10th year of operation, and it is slowly but steadily growing: in September 2015, the Inaugural Australasian Schools Auction Idol Championships was held at…
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Real Estate News
Matterport Launches the World’s Largest Virtual Reality Library of Real World Places
Immersive media platform company Matterport, today announced the launch of CoreVR, a simple option to add Virtual Reality (VR) support to any Matterport 3D Space. This announcement makes the world’s largest library of 3D Spaces immediately available to everyone, and offers an easy and highly scalable way to capture more real-world places in 3D and then share those spaces in…
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National
Auction volumes fall but clearance rates remain steady (W/E 02/10/16)
There was a substantial drop in auction numbers this week due to the grand finals and the Labour Day long weekend. 853 properties were taken to auction last week, with a preliminary clearance rate of 77.5 percent, compared to the same time last year when there were 865 auctions were held, with a clearance rate of 68.2 per cent. In…
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INDUSTRY NEWS
RBA set to continue rate-holding pattern, say RateCity
To view the full-size infographic, click here. The RateCity.com.au analysis of over 30 key economic indicators suggests rates would remain on hold at 1.5% for the second consecutive month. Peter Arnold, data insights director at RateCity.com.au, said Australia’s GDP is growing and, domestically, iron ore prices have continued their winning streak. “Australia’s economy grew by 3.3 per cent over the…
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Real Estate News
CoreLogic Home Value Index September 2016
Capital city dwelling values increase by 1.0% in September to be 2.9% higher over the quarter, according to CoreLogic’s Hedonic Home Value Index for the month, taking the current growth phase into its 52nd month. Capital city dwelling values continued to show a strong headline rate of growth over the September quarter, with the CoreLogic Hedonic Home Value Index rising…
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Real Estate News
Sixteen New Offices Open With Century 21
Century 21 has recently added sixteen new offices in locations across Australia and New Zealand, further enhancing the strength of the group’s Australasian network. Six new offices have opened in New South Wales, two new offices in Victoria, two new offices in Queensland, one office in Western Australia, one in South Australia, one in Tasmania and three in New Zealand.…
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Real Estate News
Have you got what it takes to be on the REI Super Board?
The superannuation fund for the real estate industry, REI Super, will be holding elections for four positions on its board of trustee directors next year. The call for nominations will be made in June 2017 and the elected directors will take office on 1 October 2017. There are ten directors of REI Super’s Trustee company. Eight are elected by members…
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Real Estate News
Juwai.com hires three new execs in preparation for IPO
Juwai.com, the largest Chinese international real estate website, has announced the appointment of a new CFO, new Head of Australia & New Zealand – Residential, and new Head of China Engagement. The new hires will help it manage its rapid growth as it prepares for an IPO on Australia’s ASX in the coming year. Tracy Wu, Head of China Engagement…
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Real Estate News
Love, love me do: Invited guests loved The Beatles show
More than 120 guests joined the team at RE/MAX Riverside for the Premiere Week screening of Ron Howard’s latest film, ‘The Beatles – Eight Days a Week – The Touring Years’ on 21st September 2016 at the Regal Twin Boutique Arthouse Cinema in the Brisbane suburb of Graceville. The event was real estate Principal Martin Hood’s fifth annual Exclusive Client…
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