Search Results for: Market Buy
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INDUSTRY NEWS
How first home buyers can get the upper hand as investors return to the market
As investors re-enter the market, one expert believes there could be a silver-lining for first home buyers.
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NEWS
New research reveals first home buyers need six-figure deposit to enter market
According to new research, prospective homeowners in Australia now need a six-figure deposit to purchase a property.
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NEWS
One in five first-time buyers considering crossing the border to enter property market
First-time homebuyers are increasingly looking outside their own back yards in an attempt to get a foothold in the property market, with many considering purchasing interstate, according to new research from comparison site Finder.
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Elite Agent
Buyers keen but sellers hesitant in an uncertain market
With COVID-19 restrictions continuing to ease just in time for the spring selling season, the property market is expecting a surge of buyer demand.
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NEWS
Australian expats looking to buy ‘back home’ in the luxury market
Australian expats are increasingly looking to purchase property ‘back home’ as the impact of Covid-19 unfolds, and many of those are looking to buy at the higher end of the residential market, according to a Knight Frank survey. The survey, carried out amongst Knight Frank’s global network of prime agents, found 64 per cent said the lockdown had influenced expats’…
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NEWS
Off-market listings app changing how WA buys and sells property
With an increasing number of sellers enquiring about off-market listings, an app has been modified to provide West Australians with a new and discreet way to buy and sell property which may not otherwise come to market. REIWA CEO Neville Pozzi said due to the current economic conditions many people were looking for cost-effective and productive ways to buy and…
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NEWS
Auction Market Recap: The buyers return with force
With the footy finals out of the way, property buyers across the nation were out in force over the weekend, pushing the auction clearance rate straight back up to pre-finals levels. Sydney’s preliminary clearance rate surged back above 80 to finish at 82.3 per cent, while Melbourne was equally strong at 76.7 per cent, according to the latest CoreLogic data.…
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New South Wales
Chinese buyers still strong in Sydney market
What is the state of the Sydney property market in 2019? At Crown Group, we have definitely seen the Sydney property market pick up in the past few months. As early as March, well before the election, we saw buyer behaviour change, with more contracts signed and more exchanges than in the previous 18 months. Then after the election, our…
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NEWS
Independent Property Group to hold a free seminar for first-home buyers wanting to break into the Canberra market
Independent Property Group has announced the launch of a free seminar, sponsored by Westpac Bank, for first-home buyers looking to break into the housing market in Canberra. The event will feature Will Honey, Principal at Independent Property Group Tuggeranong, Aimee Bergan and Nicole Kerli from Westpac Bank, as keynote speakers on the evening. The expert panel will cover everything concerning finance…
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NEWS
Victoria continues to lead First Home Buyer Market as each capital improves in different sectors
The Adelaide Bank/REIA Affordability Report for the December quarter 2018 showed a slight decline in housing affordability nationally with the proportion of income required to meet loan repayments increasing to 31.2 per cent, up by point one per cent. However, it showed an improvement of point four per cent when compared to the December Quarter of 2017. “When we look…
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Elite Agent
‘Not a buyers market just yet’: More auctions but a mixed outlook for Super Saturday
As “Super Saturday” warms up for 2018, one leading auctioneer is tipping that the previously hot Sydney sellers’ market is actually cooling in favour of buyers. Leading auctioneer, Damien Cooley of Cooley Auctions, says with his team set to put 108 homes under the hammer this Saturday, the significant weekend will set the tone for the year in real estate.…
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INDUSTRY NEWS
First home buyers benefitting from stable market: REIA
Housing finance figures released by the Australian Bureau of Statistics (ABS) show that first home buyers continue to steadily increase their presence in the housing market, according to the Real Estate Institute of Australia (REIA). “The proportion of first home buyers, as part of the total owner-occupied housing finance commitments, increased to 18.0 per cent in November 2017, the highest…
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NEWS
Housing loan affordability improves, first homebuyers flood market: REIA
The September quarter edition of the Adelaide Bank/REIA Housing Affordability Report shows that the proportion of median family income required to meet average loan repayments decreased by 1.2 percentage points to 30.3 per cent. REIA President Malcolm Gunning said first home buyers now make up 24.5 per cent of the total owner-occupied housing market (excluding refinancing). “This is the highest…
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NEWS
First time buyers entering the market but face long battle to save deposit
These are the findings of a national report released today by Bankwest, who note 94,135 properties were bought by first home buyers in the year to August 2017. The figure reflects an increase of 5.6% year-on-year since 2015, and accounts for 14.3% of all purchases recorded from January to August. Noting these were encouraging signs in an otherwise cooling market,…
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FRANCHISE NEWS
First home buyers lead charge as Darwin market bottoms
“In October there was a massive increase in buyers at open homes, and this trend has continued this month, with group numbers more than double those of November 2017, said Glenn Grantham, General Manager, Raine & Horne Darwin. Almost 50% of attendees at open homes are first time buyers, with upgraders and investors making up the balance, said Mr Grantham.…
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INDUSTRY NEWS
First home buyers coming back to the market while investor lending and housing starts are cooling
REIA President Malcolm Gunning said the proportion of first home buyers, as part of the total owner-occupied housing finance commitments, rose to 17.2 per cent and is the highest proportion since July 2013. “The number of first home buyer commitments increased by 14.0 per cent for the month and is the highest since December 2009,” Mr Gunning said. “By contrast,…
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NEWS
Rising buyer activity points to a stronger Darwin property market.
“Compared to 12 months ago we have double and even triple the number of groups at each open home on a Saturday,” said Glenn Grantham, General Manager, Raine & Horne Darwin. “Around 75% of buyers are savvy locals, who have been at our open homes regularly over the last six months. “They recognise that a median house price of $445,000…
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THE ELEVATE PODCAST
Episode 8: Free Fridges, AirBnB for first homebuyers, Beating the Interceptors, Marketing Tips and more
Weekly wrap: Samantha McLean and Mark Edwards recap the week that was. ‘Elevate’ is the new official podcast of Elite Agent Magazine for real estate industry sales professionals, property managers, and leaders. Each episode, we will bring you behind the scenes coaching, news analysis, exclusive interviews, technology, and more to help you list more, sell more, and elevate your results.…
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NEWS
First Home Buyers Returning to Housing Market
“The proportion of first home buyers, as part of the total owner-occupied housing finance commitments, increased to 15.0 per cent and is the highest since February 2014. The number of first home buyer commitments increased by 1.6 per cent for the month, following a 28.9 per cent increase the previous month and is the highest since October 2014, ” REIA…
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INDUSTRY NEWS
First Home Owner Grant discriminates against buyers wanting to enter the established market
REIWA President Hayden Groves said first home buyers who wanted to buy an established home were being discriminated against and as a result were finding it increasingly difficult to enter the WA property market. “Housing affordability remains a significant issue for many West Australians. We should be making it easier for all first home buyers to enter the market, not…
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Elite Agent
Ask the Coach: Claudio Encina – Educating Buyers in a slow market
Top coach Claudio Encina is back to answer some of the final questions from the Transform 2017 #supersix concerning managing vendor expectations in a slow market and how to get sales targets back on track. Q. What are some tips for helping and educating buyers in a slow and falling market, while still keeping their experience as positive as possible?…
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NEWS
Laing+Simmons MD says NSW gov should do more to help first home buyers into the market
The Reserve Bank (RBA) has left interest rates on hold as expected, piling more pressure on the New South Wales (NSW) government to take the lead out of its Victorian counterpart and introduce strategic measures to support first home buyers. Laing+Simmons managing director Leanne Pilkington said interest rates were at their lowest point in the cycle particularly from the bank’s’…
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INDUSTRY NEWS
Window closing for buyers as Darwin’s real estate market rebounds: Raine & Horne
After two challenging years for the real estate market in Darwin, the number of buyers has increased threefold in the first month of 2017, according to Raine & Horne Darwin. “We hosted an average of 4.5 groups at every open home in January. We were lucky to attract an average of 1.5 groups over the last two years,” said Glenn…
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Transform 2016 Coach
Managing Vendors and Buyers + Mastering your Marketing – Tom Panos
Thank you our Week 11 sponsor: My Real Estate Training.com.au – For information on license and registration in all states in Australia click here. To find out about getting your CPD points from AREC 16, click here. Coaches: Tom Panos To join Tom Panos’ Real Estate Gym and learn the strategies of million dollar agents, click here. Video Notes/Transcript 00:00 Introduction…
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Elite Agent
Foreign Buyers: Are They A Positive For Australia’s Housing Markets And Economy?
DR ANDREW WILSON, Senior Economist at Domain Group, analyses the findings of the recent Parliamentary Enquiry into the effects of overseas buyers on the real estate industry, including how increases in foreign students are driving purchasing and rental activity. AUSTRALIAN HOUSING markets have generally activated over the past three years through a significant improvement in affordability and confidence. The sharp…
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Elite Agent
Marketing to Chinese Buyers
In certain parts of Australia, home-grown buyers have become fewer and more reluctant. Chinese buyers by contrast are sometimes wealthier and their numbers are growing rapidly. Andrew Taylor, CEO – Sales & Marketing of Juwai.com, explains how to profit from the changing marketplace. Being entrepreneurial, real estate agents and principals are some of the best at learning from other parts…
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THE ELEVATE PODCAST
Mastering client connections: Nyree Ewings on the art of personalised service, building buyer engagement and establishing a referral empire.
From novice to notable, Nyree Ewings has risen through the real estate ranks with a philosophy of always putting her clients first. For Nyree, real estate isn’t just about a property changing hands, it's about forging deep, personal relationships, elevating service standards to truly embody being a high-performance agent.
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INDUSTRY NEWS
The largest lollipop in the world hits the market
A property that sweet tooths will love has hit the market in regional Western Australia, boasting the largest lollypop in the world.
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THE ELEVATE PODCAST
Creating competition: Brian White on building tomorrow’s leaders, core philosophies, and building market momentum
When it comes to real estate royalty, Ray White Group Chairman, Brian White, is at the very top. An industry visionary that has long sculpted the future of real estate, Brian, and the Ray White Group as a whole, believe tomorrow’s success starts today and the family business is the springboard that propels its agents forward.
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Celebrity Homes
Jeff Bezos buys third property on Indian Creek Island
Jeff Bezos, the billionaire founder of Amazon and space company Blue Origin, has made headlines once again with his latest real estate purchase in South Florida.
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NEWS
Danny DeVito’s former Los Feliz home hits the market
In a landmark sale, a historic Spanish Colonial Revival home, previously owned by notable figures such as actors Danny DeVito and Rhea Perlman, has been listed for the first time in more than a decade.
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NEWS
The roaring regions: affordable havens for first-home buyers
Australia is now officially a “million-dollar country”, with a median capital city house price of $1.005 million, but there are still some council areas where first-home buyers have a shot at owning their own home.
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INDUSTRY NEWS
The best Australian warehouse conversions on the market right now
Sitting in the living room of 27 Woodstock Street, Balaclava, you'd be forgiven for thinking you were in the middle of Manhattan.
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INDUSTRY NEWS
Darwin property market on the cusp of major growth
Interstate investors are starting to pay attention to Darwin’s property market, potentially leading to the next growth phase according to an expert.
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NEWS
Australian property market sees a surge in profitability
Even though transaction volumes increased at the end of 2023, the level of loss-making sales dropped to just 5500, according to the latest figures.
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