Search Results for: The Block
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Real Estate News
Lower auction volume, but clearance rate stable
This week, the combined capital city preliminary auction clearance rate was down only slightly to 67.5 per cent across a lower volume of auctions. CoreLogic figures indicate there were 882 homes taken to auction over the week, down from 1128 the previous week and 1533 this time last year. Of the 696 results collected so far, 67.5 per cent were…
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GUEST INTERVIEWS
Riding the real estate wave
This episode of the Elevate podcast is brought to you by Connect Now Director of Richardson & Wrench Elizabeth Bay/Potts Point Jason Boon has made his mark as Sydney’s go-to inner-city agent for almost 30 years. In this episode of the Elevate podcast, Jason put down the surfboard to talk to us about work, life and real estate – what he…
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Elite Agent
Look inside Justin Bieber’s $25.8 million bargain in Beverly Park
Justin Bieber and wife Hailey Baldwin have scored themselves a massive six-bedroom mansion in Beverly Park for a cool $25.8 million. The property was built in 1988, and first went on the market in April, 2018, with an asking price of $42m; enough to make it realtor.com’s most expensive listing of that week. Since that point, the price dropped incrementally,…
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FEATURE INTERVIEWS
Stefan Siciliano: Play the long game
Years in the industry?Four years, eight months. What’s a special place in your local area?Greenacres shopping centre. I see so many present and past clients here. I try to pop into Coles to support the local. I also see a lot of people on my database here, and I love being able to stop, say hello, and have a chat…
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Elite Agent
Ray White NSW | ACT celebrates its 2020 winners
Close to 1000 people tuned in to watch the Ray White NSW | ACT 2019-20 awards, which looked a little different this year, held over Zoom. Nonetheless, the night felt the same, as the network celebrated the achievements of its top offices and individuals. Ray White NSW CEO Andrew McCulloch said the iso-style awards were a sign of 2020 given…
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Real Estate News
Landmark apartment act will protect NSW buyers from shonky buildings
The NSW Government is seeking to protect buyers from “shonky certifiers and dodgy developers” with the new Residential Apartment Buildings Act 2020, which came into effect on Tuesday. The new laws give the Office of the NSW Building Commissioner powers to stop defective apartment blocks from being built, or sold to prospective buyers. They also provide recourse if such a…
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Elite Agent
House hunters are rarely told the home energy rating
Most Australian homes have been built to notoriously poor standards. The energy performance of existing homes in Victoria, for instance, averages 1.8 stars – 6 stars is mandatory for newly built homes under the 10-star Nationwide House Energy Rating Scheme (NaTHERS). Decision-makers typically fail to appreciate the importance of a low star rating, even though it have profound impacts on households’ health and…
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Real Estate News
Rate of home value decline eases
Australian home values have recorded their fourth month of COVID-induced decline, with the CoreLogic home value index dropping a further 0.4 per cent in August. Although the overall figure highlights a downward trend, CoreLogic notes the fall is not consistent across the board with some areas faring far better than others. “…at least from a macro perspective, the rate of…
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Real Estate News
Lockdown inspires innovative virtual tour in Melbourne
‘Innovation’ has proved the catch-cry of 2020 and for Victorian agent Angela Limanis a foray into the virtual is reaping very real success. On Saturday, the Ray White Cheltenham sales agent and auctioneer, along with her associate Dylan Jansma, hosted a live virtual inspection of a beautiful three-bedroom home in south-east Melbourne, attracting 23 potential buyers in the process. The…
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Real Estate News
@realty’s virtual tools to accelerate business
National real estate group @realty has seen its sales volumes increase by 20 per cent in the first half of the year, with its virtual network and online sales tools helping agents to navigate border closures. @realty significantly invested in its bespoke software last year, including virtual sales tools that have helped to close deals on multi-million dollar properties with…
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Elite Agent
Clearance rate continues to climb in conjunction with higher volume
The national preliminary clearance rate has risen to 67.7 per cent after a higher volume of auctions across the capitals this weekend. Sydney led the charge with a preliminary clearance rate of 74 per cent, while Melbourne returned a success rate of 49.6 per cent on the back of high withdrawal numbers. CoreLogic reports 1163 homes were taken to auction…
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Elite Agent
REIA makes five key recommendations to Government
The Real Estate Institute of Australia (REIA) has provided five key recommendations to the Australian Government ahead of the October 6 Federal Budget. At the forefront of REIA’s considerations are policies to aid first home buyers, thereby boosting the economy. “Agents, renters, investors and those looking to enter the market for the first time are all facing difficulties,” REIA president,…
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GUEST INTERVIEWS
The Executive BDM
This episode of the Elevate podcast is brought to you by Connect Now Looking for tips and strategies to put your best foot forward as a BDM for Property Management? Partner of Place Bulimba Lisa Perruzza carved out a position as a BDM over a decade ago and since has positioned herself in the market as the go-to trusted advisor in…
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Elite Agent
New online tool helps estimate reno costs
If you’ve been watching The Block recently, you may have noticed that Suncorp and CoreLogic are both among the sponsors. The pair have teamed up to launch a new renovation calculator, aimed at helping those inspired by The Block work out the cost of home renovations, according to the room, renovation type, and particular suburb you are renovating in. The…
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Elite Agent
Domain launches new spring campaign
Domain have launched their latest lighthearted campaign, ‘see the possibilities’, which plays on those ‘it’s time’ moments, when people know they need to make a property change that’s a better fit for their current lifestyle. The campaign is “centered on the human truths underpinned by changing search behaviour” from needing a proper home office to wanting more natural light. The…
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OPINION
Trouble at the mall as landlords and tenants ponder mutually assured destruction
“This is not a bluff,” Scott Evans, the chief executive of Mosaic Brands, has said of his threat to permanently close 300 to 500 stores in Australia unless landlords reduce rents. Mosiac’s network of about 1300 apparel stores includes Katies, Noni B, Rivers, Rockmans, Millers and Crossroads. With stores shuttered temporarily due to COVID-19 restrictions, it posted a A$170.5 million loss in the…
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GUEST INTERVIEWS
Tapping into Australia’s rental marketplace
This episode of the Elevate podcast is brought to you by Connect Now REA Group’s Chief Consumer Product Officer Val Brown is responsible for the group’s rent strategy. She discusses the finer points of their plans to support Australia’s growing rental marketplace. In this episode of the Elevate podcast, Val talks about how the market changed virtually overnight with COVID, and how…
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Real Estate News
Openn Negotation releases major app upgrade
Online real estate sales platform, Openn Negotiation, has released a major upgrade of its app – making transparent property sales even easier. With the release of Openn 3.0, it’s faster to navigate the platform, easier to find and manage properties, and when buyers are ready, to place a bid. The latest version of the Openn Negotiation app can be downloaded…
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OPINION
When houses earn more than jobs: How we lost control of Australian house prices and how to get it back
Real home prices across Australia have climbed 150 per cent since 2000, while real wages have climbed by less than a third. Sydney and Melbourne rank among the most expensive cities in the world. Australia-wide, home ownership levels have fallen from 70 per cent to 65 per cent in the last 20 years and home equity levels have fallen from 80 per cent to…
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Elite Agent
Hammer falls on another steady auction week
While Melbourne continues to fluctuate, Sydney’s preliminary clearance rate is on the rise, this week coming in at 71.9 per cent, while the national success rate held steady at 64.7 per cent. CoreLogic reports 1082…
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GUEST INTERVIEWS
Business in Paradise and playing to strengths
This episode of the Elevate podcast is brought to you by Connect Now Conor Canning from PRDNationwide Hobart might have found love in ‘paradise’ earlier this year and he’s proud of that. But he’s equally proud of the business and team he’s built; three offices in beautiful Hobart and consistently among a handful of top performers in the state. In this exclusive episode…
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Real Estate News
More urban sprawl while jobs cluster: working from home will reshape the nation
For most of us the experience of working from home this year has, on balance, been positive – enough that it may well become the norm after the COVID-19 crisis ends. But modelling by Victoria University’s Centre of Policy Studies shows there will be costs alongside the personal benefits, with more urban sprawl, job flight to the biggest cities and…
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Elite Agent
Shorter meetings but longer days – how COVID-19 has changed the way we work
One of the many things COVID-19 has had a dramatic impact on is the way many of us work. Those fortunate enough to be able to work from home have been able to adapt to this new reality – and it certainly has been “new”. Perhaps the biggest question for both employers and employees is whether working from home has…
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Brand Editorial
Renovating and insurance cover
With COVID-19 resulting in higher rental vacancies in some states and the announcement of the HomeBuilder program, landlords may be thinking about renovating their investment property. But before they get started there are insurance matters to think about, cautions EBM RentCover Managing Director Sharon Fox-Slater. Aussies love property and they love renovating too, if the number of shows on the…
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BEST PRACTICE
Turning lockdown lessons into productivity hacks
Ever since COVID-19 came along and changed the way we all work, every trainer, coach and franchise organisation has begun engaging in a wide variety of online training materials. From motivational content to real estate-specific skills, business development, personal resilience, team building and customer service alternatives, there’s been a host of information absorbed. We’ve been sponges because we know that…
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Elite Agent
Illawarra, Launceston, and Ballarat the hottest regional markets
CoreLogic’s latest quarterly regional review analysed 25 of Australia’s largest non-capital cities, and while people seem to be leaving the capitals in droves, elsewhere in Australia there is a far more rosy outlook. Illawarra has recorded both the largest rise in housing values, and the biggest jump in home sales over the past 12 months. Illawarra’s annual growth rate sits…
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Real Estate News
Inside Brad Pitt and Jen Aniston’s Beverly Hills love-nest
The house Jennifer Aniston and Brad Pitt bought in 2000 for US$13.5m has just sold for $32.5m, more than double what they bought it for two decades ago. The Beverly Hills mansion was built in 1934 for old-timey Hollywood actor Fredric March. It was listed last year for $56m, but attracted little interest. The price was lowered a number of…
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INDUSTRY NEWS
Auction clearance rate holding firm
The preliminary auction clearance is holding firm, with the capital cities this week returning a success rate of 64.3 per cent on the back of slightly lower volume. This week CoreLogic reports 1042 properties were…
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GUEST INTERVIEWS
The first 100 days
When stepping into a leadership role, what would your first 100 days look like? Managing Director of RE/MAX Australia and forward thinker Joel Davoren has stepped into a leadership role at a challenging time, but there’s no limiting what he can achieve next.
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Elite Agent
Vendors adjusting asking prices suggests a broader slowdown: Domain
Almost 15 per cent of listings on the Sydney property market were reduced in price during July as vendors struggled to sell, according to a report from Domain. These figures have been reflected nationwide, with the larger capitals being much harder hit than smaller cities and regional areas. Sydney’s 14.7 per cent is down from a June high of 15.2…
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INDUSTRY NEWS
Unused buildings will make good housing in the world of COVID-19
We are entering an era of profound change in how we work, learn, socialise and live with COVID-19. Many people will adjust to this new world order and work remotely at home if they don’t have to attend an office or other workplace. This, in turn, will create an opportunity to adapt unused buildings, which were needed for the previous…
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Real Estate News
Australia won’t recover unless Victoria does too
Brendan Coates, Program Director, Household Finances, Grattan Institute and Matthew Cowgill, Senior Associate, Grattan Institute The announcement of stage 4 restrictions in Victoria marks a new, and depressing, stage in Australia’s response to COVID-19. The new measures will close non-essential retailers and most child-care centres across Melbourne, and impose stringent controls on industries such as meatworks and construction. The Victorian government estimates the measures will stop…
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Real Estate News
Susie O’Neill’s riverfront home on the market
Eight-time Olympic medallist turned breakfast radio host, Susie O’Neill has put her family home of two decades on the market. Christine Rudolph of Ray White New Farm is selling the Yeronga home, which overlooks the Brisbane River. O’Neill and her ophthalmologist husband Cliff Fairley bought the house 19 years ago. “We have loved this house since we bought it back…
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Elite Agent
Positivity always wins
There’s no denying the COVID-19 pandemic has battered Australians around. It’s had a significant emotional and financial impact on our lives and businesses. But if you look closely, there are some important takeaways from this period of chaos that we can use to improve the way we do business going forward. A silver lining of sorts. PEOPLE CAN CHANGE AND…
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Elite Agent
Wage growth slumps to new national low
Wage growth is now at the lowest point on record, with the Australian Bureau of Statistics (ABS) reporting the national wage price index (WPI) increased by only 0.2 per cent in the June quarter, up 1.8 per cent over the past year. “After a steady period of wage growth over the previous 12 months, wages recorded the lowest annual growth…
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