Search Results for: melbourne
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INDUSTRY NEWS
Property prices start to recover in Sydney and Melbourne
There are some positive signs for property prices on the East Coast as both Sydney and Melbourne have posted monthly gains for the month of June. Values in Australia’s two major housing markets were up 0.2 per cent in Melbourne and 0.1 per cent in Sydney for the month, according to the latest figures from CoreLogic’s Hedonic Home Value Index.…
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NEWS
Melbourne agencies Thomson Murrumbeena and Gary Peer & Associates join forces
Melbourne agencies Thomson Murrumbeena and the Gary Peer group have joined forces, providing the local market with over 90 years of combined local experience and expertise. Thomson Murrumbeena directors David Thomson, Anthony Lee and Felicity Thomson will all remain on board, focusing on their traditional areas of expertise. Mr Thomson will join the local Gary Peer sales team at 42…
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NEWS
OBrien Real Estate stake a claim on Melbourne’s Monash corridor with Gareth Apswoude
OBrien Real Estate continues to expand its network in the Monash corridor of Melbourne with the addition of Gareth Apswoude and assistant Zoe Zhao. OBrien Managing Director Dean O’Brien described Mr Apswoude as a highly valued addition. “What we like about Gareth is he is straight talking, creative in his approach, customer focussed, confident and has a track record of…
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SUPPLIER NEWS
Record price for Melbourne Penthouse with $30M sale
Luxury property developer GURNER™ has broken Melbourne’s price record for the most expensive apartment sale, contracting a $30m penthouse at its ultra-luxury Saint Moritz development in St Kilda to a high-profile Melbourne family. The sale, contracted off-market prior to the development’s slated public launch in June this year has achieved an unprecedented $40,000 per square metre. The price is 20…
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FRANCHISE NEWS
Ray White Rural appoints key specialist in Melbourne
Ray White Rural has announced the appointment of a new leader in Victoria. Matt White, a fourth-generation leader in the Ray White family and a successful business owner, has now joined Ray White Rural and Livestock in Melbourne as its state director and auctioneer. Ray White Rural and Livestock CEO Stephen Nell said Mr White’s appointment was a timely critical…
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FRANCHISE NEWS
OBrien Real Estate extends network into Melbourne’s Inner North
OBrien Real Estate established its first franchise office in February 2013 and now has just opened its 27th office, located in the growth belt of the inner northern suburbs. Originating in the south-east of Melbourne, OBrien until recently had all its offices situated on the east side of the Yarra River, but now you’ll find four recently opened OBrien offices…
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INDUSTRY NEWS
Melbourne tops Asia Pacific region as best investment for 2019
According to a new report from the Urban Land Institute (ULI) and PwC, Melbourne is the best prospect in the Asia Pacific region for both investment and development. The Emerging Trends in Real Estate Asia Pacific report for 2019 provides an outlook on Asia Pacific real estate investment and development trends, real estate finance and capital markets, and trends by…
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FRANCHISE NEWS
The Agency expands into south-east Melbourne with top-performing agent Adam Cashmmore
High-achieving Stonnington and Boorondara agent Adam Cashmore has joined The Agency. Adam Cashmore is renowned for his exceptional sales results and is strongly entwined with his local community. A long-time Stonnington resident, he is well-known for his genuine and ethical approach to real estate. “Adam’s experience and expertise in the Stonnington area was exactly what we were looking for. He…
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NEWS
Melbourne falls from top of liveability ranking as Sydney rises
For the first time in seven years Melbourne has been knocked from the top of the The Global Liveability Index. The ranking, produced by The Economist Intelligence Unit, has put Vienna, Austria, in the top position for 2018, moving Melbourne to second place. The upset comes as Sydney rises significantly through the ranking, up to fifth position from 11th last…
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INDUSTRY NEWS
Top agents head to Melbourne for Ray White industry event
Agents from all over Australia this week attended an industry function in Melbourne hosted by the leading property group Ray White. More than 100 real estate agents from many different brands – both boutique and other franchise groups – travelled from Adelaide, Perth, Brisbane, Sydney and across Melbourne to compare notes on their markets and performance amid the backdrop of…
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INDUSTRY NEWS
Melbourne dominates population and residential hotspots in latest HIA report
HIA has revealed Australia’s strongest markets for home building in their HIA Population & Residential Building Hotspots report for 2018. “Melbourne has dominated this year’s report, with 12 of Australia’s top 20 building growth areas all located around Victoria’s capital,” said HIA’s Senior Economist, Shane Garrett. “According to the HIA Population & Residential Building Hotspots Report 2018, the Mickleham-Yuroke area…
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FRANCHISE NEWS
Adrian Wood further bolsters The Agency’s Melbourne growth
Leading Port Phillip agent Adrian Wood has joined The Agency’s Albert Park team alongside Michael Paproth and Peter Kakos. Adrian Wood is known for repeat property sales, inter-generational client relationships and off-market success. He has reportedly achieved $70 million in property sales over 2017, a 97% clearance rate over the past two years and transacted $13.6 million in off-market sales…
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EPM: Profile
Multi-tasking in Melbourne: Connie Mantello
Tell us a bit about yourself and your role at Mantello Real Estate. My husband and I started Mantello Real Estate seven years ago, with years of experience which guided how we wanted to run a real estate firm. The motto we began with when we started, and still holds true today, is trust, communication and old-fashioned service. My role…
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FRANCHISE NEWS
OBrien Real Estate extends network into Melbourne’s Northern Suburbs
Victorian Boutique franchise group OBrien Real Estate established its first franchise office in February 2013 and now has just opened its 25th office located in the growth belt of the outer northern suburbs. OBrien Real Estate originated from the south east corridor some 42 km’s from Melbourne’s CBD and until recently had all its offices situated on the east side…
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Commercial Real Estate
Savills Australia welcomes new director to Melbourne team
Savills Australia has brought James Girvan on to the capital transactions team. It’s a return to Savills for Girvan, who brings 13 years’ experience in commercial property agency and valuations to the role. Relocating from Sydney to Melbourne for the role, Girvan has overseen over $3 billion worth of commercial property transactions. Those transactions include 231 Elizabeth Street for a…
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FRANCHISE NEWS
McGrath hosts annual leadership forum in Melbourne
More than 100 of McGrath’s business leaders, executives and franchisees gathered together in Melbourne this week for the company’s annual Leadership Forum, held over two days. The company’s largest leadership forum to date was led by McGrath Founder and Executive Director John McGrath and recently appointed CEO Geoff Lucas. Chair of the McGrath Board Peter Lewis joined Mr McGrath and…
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FRANCHISE NEWS
Top Melbourne agents team up at Ray White
Two leading Melbourne agents Malek Younan and Phillip Mercieca have joined forces to open a business within the Ray White Group. The pair who have been friends since they studied together at Gladstone Park Secondary College are now so excited to be opening a Ray White business in the community they know and love. The successful duo have a combined…
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NEWS
Ray White Agents Sharpen their Skills in Melbourne
It was standing room only when more than 550 Ray White sales agents from Victoria and Tasmania packed the Melbourne Convention Centre for Super Sales Day. The mega session – the single biggest gathering of Ray White agents in Melbourne outside of their annual awards – was the brainchild of Ray White Victoria and Tasmania CEO Domenic Belfiore who gave…
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FRANCHISE NEWS
RE/MAX open office in Melbourne’s West
Friends Kris Bansal and Satyam Mendiratta bring together their talents and experience plus their confidence in Melbourne’s western corridor and the Wyndham Council in their business RE/MAX West at Hoppers Crossing. Mr Bansal’s background is in business, investment and wealth creation, while Mr Mendiratta has vast experience in property development and construction specialising in house and land packages, new-builds and…
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NEWS
McGrath continues its Melbourne expansion
McGrath Estate Agents has opened a Coburg/Brunswick office in Melbourne’s inner north. Melbourne continues to be an important market for the company with the opening of McGrath Coburg/Brunswick, as it operates 10 offices in the southern state. McGrath Founder and Executive Director John McGrath said “Melbourne is a city people want to live and invest in, which is reflected in…
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INDUSTRY NEWS
Melbourne’s million-dollar boom: REIV
In the year to September 30, 154 Melbourne suburbs recorded a median house price of $1 million or higher from a total of 402 suburbs. A remarkable 90 per cent of suburbs within 10km of the CBD have a million-dollar median house price, while almost 50 per cent of suburbs in the middle ring are also in the million-dollar club.…
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NEWS
Auction volumes continue to rise with Melbourne having the second busiest week this year
National auction clearance results for the week ending 10/12/2017 courtesy of CoreLogic. The lower weighted clearance rates of late can be attributed to the continual softening conditions across the two largest markets of Melbourne and Sydney, with clearance rates tracking below 70 percent across Melbourne for 5 consecutive week’s now (67.4 percent), however volumes across the city have been consistently higher; with…
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NEWS
Returning empty homes to Melbourne’s rental market could be life changing
HomeGround Real Estate, a division of Launch Housing, is calling on owners of empty properties in Melbourne to return 1,000 homes to the rental market. Despite the current housing affordability crisis, more than 7,000 homes in the City of Melbourne municipality remain empty according to City of Melbourne demographic data 2013*. Returning just 14 percent, or 1,000 homes, to the…
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Elite Agent
Noel Jones launches consumer information site melbournepropertytalk.com.au
melbournepropertytalk.com.au launched last week and is a new brand for the Noel Jones team, geared at engaging customers online before they might normally approach a real estate agent. Director, and recent winner of REIV Salesperson of the Year, Matthew Scafidi said, “Melbourne Property Talk was a natural progression for us to offer a platform where we could truly educate, inform and…
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Scaling down: two-bedroom homes are Melbourne’s top performers
The latest REIV figures show the citywide median price for a two-bedroom house increased 17.1 per cent over the year to September to $891,500 – $130,000 more than the same period last year. This was higher than the metropolitan Melbourne median price for any other property type, including four-bedroom homes at $831,000. REIV President Richard Simpson said growth for two-bedroom…
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INDUSTRY NEWS
Melbourne house price growth moderates as policies show positive impact for first homebuyers
New REIV data shows the metropolitan Melbourne house price recorded its lowest increase in almost two years, up just 0.7 per in the September quarter to $817,000. REIV Acting President Richard Simpson said the moderation was attributable to 44 per cent of all sales in the September quarter being below $600,000. “In the June quarter we saw vendors with houses…
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INDUSTRY NEWS
Adelaide takes investor attention off Melbourne and Sydney
Anna Porter, a property market author, commentator and former valuer who works with first time and experienced investors on building high-performance portfolios, says she is directing clients towards the forgotten state of South Australia. “For the past three years all eyes have been on Sydney and Melbourne as the markets that have been outperforming the national averages. Many suburbs across…
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NEWS
Ray White opening in Forest Hill, Melbourne
He believes the timing is right to open in Forest Hill which is undergoing strong renewal. “Forest Hill is undergoing a renewal so the timing is right to open. The market has had a strong run for the last couple of years and Forest Hill is 71 per cent owner occupiers, with many older families looking to downsize,” Mr Francis…
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NEWS
Melbourne may be the new hotspot for Chinese Investment: Juwai.com
Chinese buyer demand for Australian property by might be down from the boom period of the last two years but by no means will it taper off, according to Jon Ellis, CEO of Investorist. Mr Ellis, CEO of Investorist, says that buyer demand from Chinese investors is down in 2017, but needs to be seen in context. “Yes the…
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INDUSTRY NEWS
Sydney and Melbourne drive property price rise of 1.9 per cent
Price rises in Sydney (2.3 per cent) and Melbourne (3.0 per cent) were partially offset by falls in Perth (0.8 per cent) and Darwin (1.4 per cent). “Residential property prices, while continuing to rise in Melbourne and Sydney this quarter, have begun to moderate. Annual price movements ranged from -4.9 per cent in Darwin to +13.8 per cent in Sydney…
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NEWS
Melbourne market sees solid June quarter growth: REIV
The cold weather hasn’t dampened Melbourne’s property market with the citywide median house price increasing for the fifth consecutive quarter. New REIV data shows the metropolitan Melbourne median house price rose 2.9 per cent in the three months to June 30, to $822,000. The city’s middle and outer suburbs were the main growth drivers in the June quarter with both…
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INDUSTRY NEWS
Superannuation won’t help first time buyers get into the Sydney & Melbourne: CoreLogic
First-time home buyers expecting to use superannuation savings as a deposit for a property in either Sydney or Melbourne may find both cities way too pricey and would be still locked out from the housing market, CoreLogic research analyst Cameron Kusher has said. Broadcaster ABC recently crunched the numbers and showed that based on the average earnings for a 25…
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INDUSTRY NEWS
Melbourne’s median house price hits $800,000
Melbourne’s median house price has recorded its strongest quarterly price growth since 2013 to smash the $800,000 barrier for the first time, new data from the Real Estate Institute of Victoria (REIV) shows. The citywide median increased 7.6 percent in the first three months of 2017 to a record high $826,000 – up more than $55,000 on December figures. REIV…
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NEWS
Melbourne-based agent applies to Guinness World of Record to be world’s first fastest selling agent
A Melbourne-based real estate agent has just applied to be recognised as the fastest selling realtor in the world by the Guinness World of Records. Zed Nasheet of LJ Hooker Hampton Park told Elite Agent that he had put in an application for the World Records’ feat two weeks ago after selling a three bedroom, one bathroom house in Victoria…
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NEWS
O’Brien Real Estate branches out in Melbourne, with two new offices
Melbourne-headquartered O’Brien Real Estate will open two new offices in the first quarter of the year – making its total headcount to 19 offices, a long way from where they started six years ago. Last month, the company unveiled its 18th office located at 951 Nepean Highway, Bentleigh, which will service suburbs such as Highett, Bentleigh East, Hampton East and…
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