Search Results for: Andrew Cocks
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News
Real estate roundup: the year that was
The Australian real estate market experienced a record year in 2021, with tight supply and strong demand leading to soaring prices. Agents, vendors and buyers innovated through COVID-19 restrictions, including lengthy lockdowns in Melbourne and Sydney. There were numerous mergers, acquisitions and buyouts, along with notable appointments and some surprising departures. Once again, AREC thrilled and inspired, while the AREAs…
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FRANCHISE NEWS
Second generation agent starts a new chapter in Figtree
Wollongong native and respected agent Michael Moate, along with his devoted team, will send off the year with a bang by launching Richardson & Wrench Figtree.
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INDUSTRY NEWS
RBA keeps cash rate on hold with Omicron a new source of uncertainty
At its final meeting for 2021, the Reserve Bank of Australia has opted to keep the official cash rate at its historic low of 0.1 per cent, with a new Covid variant causing some market uncertainty. In his monthly statement today, RBA Governor Dr Philip Lowe said the Australian economy was recovering well from the setback the Delta outbreak caused,…
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OPINION
The upside and downside of regional shift
Attend an open home in the regional city of Newcastle and you’ll see a flurry of phones out, Facetime on and the real buyer sitting in a Sydney lounge room, looking to pick up relatively affordable real estate or planning an escape from the big city hustle.
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INDUSTRY NEWS
RBA keeps cash rate on hold but rise likely in 2023
Despite a rise in inflation, the Reserve Bank of Australia has again opted to keep the official cash rate on hold at 0.1 per cent, issuing an optimistic forecast for the economy over the coming months.
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INDUSTRY NEWS
Industry leaders analyse what RBA decision means for real estate market
The Reserve Bank of Australia (RBA) has maintained its record low cash rate at 0.1 per cent, with real estate industry leaders predicting Australia’s hot housing market will start to even out a little in the coming months.
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OPINION
The ‘vaxing’ issue facing the real estate industry: Andrew Cocks
Vaccination against COVID-19 is the topic on everyone’s mind at the moment. Richardson & Wrench Managing Director Andrew Cocks examines the difficult decisions real estate agencies and agents face and whether or not vaccination status could be the difference between winning a listing or not. It has taken a Greater Sydney lockdown, along with COVID-19 incursions into Queensland, daily reports…
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News
A Budget right for its time
There’s plenty for the property industry to like in the 2021 Federal Budget, not because of any specific measure but in the myriad provisions to keep cash and confidence flowing in our pandemic-constrained economy.
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OPINION
Andrew Cocks: First-home buyers seize the moment
In the past few months, calls for the Reserve Bank to 'do something' about runaway house prices have become louder, ignoring Governor Philip Lowe’s repeated response that it is not the job of the central bank to meddle with house prices.
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OPINION
D-Day looms for the end of government props: Andrew Cocks
Six months ago, the nation prepared itself to step off the fiscal cliff. Not much liking the rocky landing back in September, the day of reckoning was delayed but now both the moratorium on tenant evictions and JobKeeper support have run their time and March 28 is D-Day.
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Features
Inner City Blues – What’s going on with rentals?
While things are looking a little brighter in 2021 there are still many hurdles to overcome. Kylie Dulhunty spoke to property managers about their experiences and sought their tips to help you move stock quickly. Property managers in inner Sydney and Melbourne could face further challenges this year, with falling unit rents and higher than normal vacancy rates continuing to…
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News
Celebrating the return of a familiar face
Richardson & Wrench welcomes the return of Graham Hodson to the Lithgow community with the launch of a new bespoke real estate franchise. This exciting and innovative business structure creates a more agile business under a trusted and well-recognised brand, whilst allowing Mr. Hodson to provide the same six-star service. R&W Managing Director Andrew Cocks said the flexible bespoke franchise…
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News
R&W expands its presence in the Southern Highlands
Richardson & Wrench has opened a new office in the Southern Highlands, marking an expansion into regions close to Sydney, which offer the benefits of both lifestyle and affordability. R& W notes the attraction factors that have made the Southern Highlands a perennial favourite amongst Sydney’s society set have been highlighted by the number of high-profile business and entertainment identities…
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News
Penthouse auction to fund COVID-19 treatment research
In a remarkable act of generosity, an 82-year-old semi-retired builder will donate the entire proceeds from the auction of his luxury coastal penthouse to the Royal Brisbane and Women’s Hospital (RBWH) Foundation Coronavirus Action Fund. Keith Drake, who operated Drake Homes and Pryde Timbers with the assistance of his family for many years, is doing all he can to assist…
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Features
The loyalty effect
Ben Collier is different to many other agents I’ve interviewed. He’s quiet, considered, and doesn’t need to be the centre of attention. While other agents might prefer to take on the high-profile speaking gigs and seek recognition for their achievements, Ben is just not that kind of guy. He doesn’t give too many interviews and…
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OPINION
Stamp duty: A bad tax that has to go
You have to look long and hard to find a notable figure who had a good word to say about taxes. One such person was US Supreme Court Justice Oliver Wendell Holmes Jr who in 1927 declared, “Taxes are what we pay for civilised society”. There’s plenty of truth in that statement, but who pays and how much is a…
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News
R&W Starlight fundraising clocks more than $500k
There will be more laughs and Christmas wishes to go around this year as the Richardson & Wrench Spring Starlight campaign comes to a close, with donations to The Starlight Children’s Foundation reaching almost $589,000. Now in its 15th year, the R&W partnership with Starlight began in Sydney’s Eastern Suburbs and expanded across the network in 2012. Throughout the spring campaign,…
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OPINION
Here we go again
The housing downturn gave us a two-year glimpse of what it takes to achieve housing affordability and not all of us liked what we saw. With rates of home ownership in decline and a boom that had gone on too long there was justified alarm as the housing affordability crisis took its toll, before the downturn finally happened. But while…
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News
Community investment key to R&W awards success
The past year was one that many in the real estate industry will gladly forget, yet for those who claimed trophies at the annual Richardson & Wrench awards it was a chance to step up to the challenge and show their worth. Offices and agents in growth corridors on the city fringes of both Sydney and Brisbane not only survived…
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News
Richardson & Wrench have pushed further into Queensland with a new Bundaberg office
Richardson & Wrench continue to expand their network in key Queensland markets with the opening of a new franchise in the regional city of Bundaberg. R&W representation on the coast now extends from Coolum to Noosa, Hervey Bay, Bargara Beach and Bundaberg. R&W Bundaberg will be operated by Driss Doukari. Managing Director Andrew Cocks said the addition of the Bundaberg office…
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FRANCHISE NEWS
Richardson & Wrench opens in Hervey Bay
The red R&W logo is set for a comeback in Hervey Bay, with local couple Dirk and Sally Van Den Heuvel opening a new Richardson & Wrench real estate office. Like many of their clients, the couple made a lifestyle decision five years ago to settle in Hervey Bay, allowing Sally to reconnect with her family and Dirk to enjoy…
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FRANCHISE NEWS
New R&W office integrates legal and real estate services under one roof
Richardson & Wrench is expanding its presence in Sydney’s western growth corridor with the opening of a new office in Toongabbie that integrates the three pillars of real estate services all under one roof. R&W Toongabbie will be co-located with long-established law firm Papantoniou Blake Lawyers, providing clients and customers with the option to access all their property and legal…
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News
Jason Boon triumphs with triple trophies at R&W 160th birthday awards night
Jason Boon walked away from the Richardson & Wrench 160th birthday awards on Saturday night with three of the most coveted trophies. Boon, a director of R&W Elizabeth Bay Potts Point took home the award for Most Outstanding Selling Principal for both transactions and income earned, plus the Ronald H Pillinger Award. He also had his hand on the R&W…
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FRANCHISE NEWS
R&W Family Celebrates 160th Birthday
Family is a word that figures large amongst R&W Principals as they prepare for their annual awards night which this year will double as a celebration of the group’s 160th birthday. This Saturday around 400 members of that family will gather at Sydney’s International Convention Centre to celebrate 160 years. And while there’ll be a moment to reflect on their…
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FRANCHISE NEWS
R&W builds presence Sydney’s north shore with new Wahroonga agency
Richardson & Wrench has added to its network of offices on the upper north shore with the opening of a dedicated Wahroonga agency. R&W Wahroonga will be headed up by Nick Addison who has spent the past 14 years in the area. R&W owner and Managing Director Andrew Cocks said Mr Addison’s decision to join the group would increase its…
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FRANCHISE NEWS
R&W boosts team to drive growth opportunities
Richardson & Wrench has appointed a National Growth Manager to drive the expansion of the R&W group in metropolitan and regional NSW and Queensland. Chris Scerri joins the network with an 11 – year background in real estate across residential sales, commercial sales, leasing, auctions and franchise recruitment. Mr Scerri began his real estate career on the Central Coast in…
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FRANCHISE NEWS
R&W donations to Starlight Foundation hit $500,000 milestone
Richardson & Wrench begins the new year with 500,326 reasons to celebrate. That’s the grand total that the network has raised for the Starlight Children’s Foundation to further its work helping to brighten the lives of seriously ill children in hospitals right around Australia. The milestone was reached at the close of 2017 with offices and agents across the group…
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LEADERSHIP
Ask the Coach: How to Prepare for the New Year in a Changing Market
Any tips on preparing for the New Year in a changing market? Michael Pastrikos, Ray White Southbank-Melbourne Claudio says: Go back to basics. Write down a business plan with what you would like to achieve over the next 12 months in sales, listings, presentations and market appraisals. Draft a marketing plan – prospecting and canvassing – to create new and…
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Agents need to sharpen communication with vendors in a slow market: Andrew Cocks
As the auction market softens and the gap between vendor and buyer price expectations widens, agents would do well to begin honing their communication skills. Despite some properties continuing to attract bullish prices the 65 per cent Sydney auction clearance rate, which is artificially high through manipulation of listings, and 32 per cent in Brisbane recorded on the weekend, suggests…
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OPINION
First timers homing in to opportunity: Andrew Cocks
There’s been a predictably mixed response to the release of CoreLogic figures showing another month of declines in Sydney house prices. From some there have been howls that the sky is falling, the boom turned to bust, and the imminent collapse of lives and livelihoods. But there is one group for whom the slow-down we had to have has given…
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FRANCHISE NEWS
Richardson & Wrench Stars Shine Bright at the 2017 Annual Awards
The depth of talent within the Richardson & Wrench group has been highlighted by some outstanding performances across all of R&W’s markets. A true standout was Bondi Junction Principal Andre Frack claiming three of the most coveted trophies at the group’s annual awards on Saturday. Frack won the Most Outstanding Principal, both transactions and income earned, and took out the…
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OPINION
Mortgage Stress: While it’s not pretty, it’s not new
Financial stress is not something you would wish upon anybody, whether it’s due to loss of a job, business failure or unmanageable debt. Mortgage stress falls within its own special category given that the family home is often the single largest asset held by many Australians and embodies so many of the values we cherish most – family, shelter and…
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OPINION
Seeing red over bank blacklists: Andrew Cocks
Planning for population growth in our capital cities is no easy task. There will always be entrenched opposition to change particularly when the benefits to many have to be balanced against the costs to a few. As Australia’s population has grown, and the shift to the cities become more pronounced, we’ve had to adjust what it means to achieve the…
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OPINION
Scare mongering the enemy of first home buyers: Andrew Cocks
The many measures adopted to encourage more first home buyers into the property market have so far failed to produce the upswing that everybody had hoped for, leaving many to wonder if there is a solution to the declining rates of home ownership. But put yourself in the shoes of those contemplating the big step into a lifetime mortgage and…
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OPINION
On the road to salvation: Andrew Cocks
If you’ve travelled Sydney’s M4 in the past few weeks you’ll have noticed what a difference an extra lane can make; faster on and off ramps and a freer flow of traffic all equating to less time on the road and more time at work and home. The official opening of the revamped M4 on the weekend attracted predictable opposition…
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