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Real Estate News
Home Addressed announces 30 Day Home Co-ownership Challenge
The 30 Day Home Co-ownership Challenge, by Home Addressed, is designed to inform and teach first home buyers to take a creative approach to home ownership and to shrug off the ‘generation rent’ tag. Buyers wanting to participate will need to find a suitable co-buddy with whom to team up and buy a property. The co-partners have 30 days to meet on the…
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Real Estate News
Eastern Seaboard States Drive Population Growth
The latest ABS demographic statistics released show the annual rate of population growth held steady at 1.4 per cent in the first quarter 2016, however the wide divergences between the states and territories remained, said the Housing Industry Association (HIA), the voice of Australia’s residential building industry. The ABS figures confirmed that Australia’s population broke through 24 million during first…
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Real Estate News
Chinese investors shop online for property with estarhome.com
Chinese organisation, the Fosun Group, has designed an online shopping-style platform that allows middle-class Chinese investors who are seeking a safe haven, outside of China, to purchase an overseas property. The site, Estarhome.com is an online-to-offline service that provides a way for Chinese investors to find Australian properties as investments. Chinese buyers are investing mostly in new apartments and according…
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National
Preliminary clearance rates remain above 70% for the 9th consecutive week (W/E 25/9/16)
It has been another strong week for auction activity, there were 2,445 auctions held across the combined capital cities with a preliminary auction clearance rate of 78.3 per cent this week. Last week, the final auction clearance rate was recorded at 76.2 per cent with 2,149 residential properties taken to auction. At the same time last year, auction volumes were…
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Real Estate News
Domain Group continues its expansion into Geelong
Domain Group has continued its rapid push into Geelong with the launch of a new free weekly real estate magazine that will also be inserted into copies of The Age and The Australian Financial Review in Geelong. The new Domain Geelong magazine will have a circulation of 65,000 copies, more than twice the nearest competitor, will be distributed to every…
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Real Estate News
Domain brings real time chat to the world of property
Potential buyers and renters will now be able to chat directly with real estate agents with the launch of Domain Chat, a new app feature released by Domain that speeds up the search and is supposed to help consumers secure their dream home faster. Chat has been one of the fastest-growing online behaviours on the internet, nearly doubling users over the…
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Real Estate News
Richardson & Wrench goes social in new brand campaign
The Richardson & Wrench network has begun rolling out a new national brand campaign aimed squarely at leveraging the power of social media. The multi-platform campaign running across social media and digital platforms, is a 40-episode series of snackable videos as its centrepiece complemented by targeted distribution marketing. R&W Group Development Manager Amanda Ward said the group had adopted an “always-on”…
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INDUSTRY NEWS
REIV Awards for Excellence Finalists Announced
REIV has announced the finalists for its annual REIV Awards for Excellence. The awards recognise and reward members who have gone the extra mile in pursuit of service, ethics and results. This year’s awards will be presented at the Awards for Excellence Gala Dinner at Crown Towers on Thursday, 27 October. Agency Awards: Best Website Award Think Property & Co. Nelson Alexander Pty…
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Video of the Week
Lifestyle feels – Jodie Curran
What better way though is to have a live musician playing a classic! Thanks to Tom Gajic for sending us in this nomination. Want to see your video featured here? Send in your property videos to editor@eliteagent.com… More videos of the week
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Real Estate News
World First Flat-Packed, Off-Grid Tiny Home Launching at Sydney Architecture Festival
Big World Homes have developed the very first flat-packed, off-grid tiny home – utilising un-activated urban spaces for transitional pop-up communities – offering a revolutionary solution to Sydney’s housing affordability crisis. “We’re excited to be launching one of the most progressive, socially oriented, community driven housing projects that Australia has ever seen, at a time when new options in affordable housing…
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EPM: News
Sophie Lyon Elected to REIV Board
Jellis Craig Boroondara’s Property Management GM Sophie Lyon has been announced as a new board member of the Real Estate Institute of Victoria (REIV). The REIV is the professional association for Victoria’s real estate industry and has over 2,000 agencies as members. Lyon’s appointment means that she will be one of three female members on the eight-member board; whereas during…
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Real Estate News
Median house price up in Brisbane in a quarter of surprises, REIQ
The property market in the southeast corner of Queensland returned to positive territory this quarter, following last quarter’s contraction, and the Brisbane LGA median house price has grown 1.3 per cent to a new high of $635,000, the highest this has been in history. The data in the REIQ Queensland Market Monitor also revealed some surprises in the June quarter,…
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EPM
McGrath Central Coast: Redefining Maintenance Efficiency
Leading managing agency McGrath Central Coast, led by Mat Steinwede and Jaimie Woodcock, has combined both cloud technology and creative thinking to achieve exceptional efficiencies, improved customer service, robust KPI reporting and better audit trails of every maintenance task. Previously a portfolio-based office, the move to create a centralised maintenance team for their multiple office locations has been a win…
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Elite Agent
3D technology use on the increase as Matterport surpasses 70 million visits to Spaces
Immersive media technology company Matterport today announced a series of milestones that reflect the company’s tremendous growth since the 2014 launch of its end-to-end immersive media platform. Matterport Spaces are complete digital representations of a real-world environments, and have seen increased usage across industries such as residential and commercial real estate, leasing, construction, and more. Users worldwide are creating around…
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Real Estate News
Bondi to outstrip Paddington, Surry Hills
Bondi Beach has become an iconic national brand that will outstrip Paddington and Surry Hills in popularity, according to leading real estate agency Gunning. Gunning Principal Malcolm Gunning said people are beginning to choose Bondi over Paddington and Surry Hills because of the unique offering that Bondi presents. “Bondi is a destination that gives people the ability to be able…
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Real Estate News
Idalia: Buyers Flock to Woden’s Newest Address
For the past six weeks apartments in Hindmarsh’s new Idalia development have sold at the rate of around three every week with a cross section of buyers – led by young professionals – vying to be a part of Woden’s transformation. Idalia is now over 70% sold, an impressive result that demonstrates not only the sophistication and quality of the…
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Real Estate News
realestate.com.au invites Canberrans to find their true love in new content series
realestate.com.au has launched its first hyperlocal content series in the ACT, playing up Canberra suburbs in an entertaining series of ‘speed dates’. The videos, which have reached more than 160,000 Canberrans since launching last Monday1, are a targeted play at the local market where Australia’s No 1 real estate site is a challenger brand. Starring local actors as the suburbs…
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Real Estate News
Raine & Horne opens second office in Dubai
Global real estate Superbrand, Raine & Horne, has launched a second office in Dubai, the biggest city in the United Arab Emirates. Raine & Horne Downtown, which opened in August, will service the apartment markets in the outer suburbs of Dubai, and it will be led by the father and son team of Surender and Rick Bhojwani. Located in the…
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National
Auction clearance rates and activity increase slightly – WE180916
This week’s (week ending 18 September, 2016) preliminary auction clearance rate saw the combined capital city clearance rate rose this week, from 75.4 per cent last week to 77.9 per cent. At the same time last year, the clearance rate was 69.9 percent. So far this week according to auction results having been reported to CoreLogic, there were 2,093 capital city auctions…
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Real Estate News
Laing+Simmons Secures CBD / Surry Hills & Narrabeen Offices
Laing+Simmons has recently secured two new offices to its network and setting its sights on further growth this year. New franchise offices in Sydney CBD / Surry Hills and Narrabeen have just joined the three new Laing+Simmons offices which opened earlier this year in Ryde, Seven Hills and Cronulla – taking the boutique network to 42 offices and growing. Laing+Simmons…
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Elite Agent TV
The new Uber – self driving cars
Yesterday, Uber started testing it’s self-driving car fleet in Pittsburgh in the USA. Watch the video to see what the experience is like. You can read more about them on TechCrunch.
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Video of the Week
3D and video join forces – Jarrod Carman
This video is the first time that this type of technology has been compatible across every device (which no one has done before) and you can view it in VR googles with one click. See more at Open 360. (Send in your property videos to editor@eliteagent.com, we will publish one every week. Other video’s of the week are here if you’re…
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EPM
VCAT determination upholds pets’ rights
Developer Caydon has welcomed a recent landmark determination from the Victorian Civil and Administrative Tribunal (VCAT) that could see the end of blanket bans on pets in apartments, townhouses and units. The determination came after Melbourne dog owner Madison Brewster contested the banishment of her 4-year-old cavoodle Hamish by the owners corporation of the Eaglemont townhouse she rents, despite landlord…
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EPM
Property investor confidence remains strong: PIPA national survey
Despite talk of property price bubbles, tightening investor lending policies and roaring debate over the future of negative gearing, Australian property investors remain bullish about the long-term merits of residential real estate, a new survey has found. The second annual Property Investment Professionals of Australia (PIPA) Property Investor Sentiment Survey, which gathered insights from more than 1,000 property investors, shows…
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EPM
Perth Leasing Market Spikes, REIWA
The Perth property market saw a surge in the number of leased properties in August, with a 17% spike recorded by the REIWA. According to reiwa.com data, the jump in leasing activity for the month was coupled with a 3% drop in the number of properties available for rent. REIWA President Hayden Groves says the rental market in Perth has…
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EPM
Does standard landlord insurance cover subletting?
The latest trend in short-term stays is tenants subletting rooms or whole tenancies on popular sites such as Airbnb. This practice can significantly impact on your insurance policy. It is not uncommon for tenants to sublet a room, whether they advise their landlord or property manager or not. Airbnb has increased the ease with which they can sublet the entire…
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Elite Agent TV
CoreLogic: Housing Market Update, September 2016
Watch CoreLogic’s Housing Market Update for September. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of August, released September 2016. Presented by Tim Lawless, Research Director at CoreLogic. Transcript Welcome to CoreLogic’s monthly update on housing market conditions around Australia. This month we’re focusing on how the housing market performed in…
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Elite Agent
Justin Nickerson wins the Australian Auctioneering Championships
Justin Nickerson was crowned REIA Australasian Auctioneer of the Year last week in a tightly fought contest. In challenging circumstances, Mr Nickerson delivered a seamless, entertaining call in very unusual conditions against Gavin Croft, Harry Li, Andrew North and Daniel Coulson. Competition rules were given a bit of a twist this year with no time limits imposed. Competitors were under…
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National
Auction clearance rates ease slightly
This week’s (week ending 11 September, 2016) preliminary auction clearance rate is down slightly from last week’s clearance rate of 77.1 percent, which was the highest clearance rate recorded for the year to date. At the same time last year, the clearance rate was 71.2 percent. So far this week, 1,682 capital city auction results have been reported to CoreLogic.…
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FRANCHISE NEWS
Coronis Opens New Office in Brisbane’s Bayside
Coronis has opened their 22nd office in the upcoming Bayside area on Brisbane’s south side, expanding their footprint in the Queensland market. Specifically targeted for its location and easy access to the Brisbane CBD, relaxed lifestyle and variety of amenities, Coronis has earmarked the Bayside area as an emerging popular location for families to buy and rent in. Managing Director…
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Real Estate News
RE/MAX announces new Parramatta office
RE/MAX has announced a new addition to its rapidly growing NSW network, with a Husband and Wife team, Morris and Melissa Short, opening up in Parramatta. Morris and Melissa both love the RE/MAX concept and have started with a huge burst of momentum after only 6 weeks of operation. Joel Davoren, Franchise Director, said, “Morris brings with him an abundance of…
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FRANCHISE NEWS
Belle Property opens dual ‘multicultural’ franchise in Adelaide
Boutique real estate group, Belle Property, has moved in on real estate in Adelaide by opening its first dual franchise. Led by Principal, Calvin Lai, the multicultural real estate team of 27 employees who are fluent in seven languages, are set to deliver a personalised and unique approach to large scale projects and residential real estate. Making the strategic move…
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Elite Agent
Why ‘No Sale No Charge’ is Not the Best Idea
Tom Panos on Sky Business News this week reminds us of the concerning idea of ‘No Sale No Charge’ in real estate. A property’s marketing campaign should not be buried under the rug, and Tom recommends implementing a ‘performance-based fee’ as a commission accelerator. Watch more below:
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INDUSTRY NEWS
CoreLogic: September 2016 Market Outlook
If you’re eager to find out what the various property markets around the country were up to during August, and you want to have a sneak peek at what might be ahead, read on for CoreLogic’s monthly Market Outlook. Average capital city home values are up Over the month of August 2016, combined capital city home values increased by 1.1%…
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Real Estate News
Add value to new investors by educating them, say BMT
New property investors could benefit greatly from education on legitimate depreciation deductions for investment properties so they don’t miss out on thousands of dollars in tax savings. According to BMT Tax Depreciation, the recent property boom has seen many new investors hit the real estate market. However, these newbies might not be aware they can claim tax deductions on the…
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