Search Results for: The Block
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Real Estate News
How property markets are responding to COVID-19 according to Herron Todd White
The COVID-19 crisis has thrown the national economy into turmoil, while property markets are still clearly trying to digest what it all means. Leading valuers Herron Todd White (HTW) have tabled their thoughts on what each state is facing and what might lie ahead for the nation’s residential property markets. NSWSydney has been at the forefront of the battle against…
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Real Estate News
Auction volumes still down but comeback on the way
Low sentiment, tough selling conditions and regulations preventing open homes and on-site auctions continue to push the number of scheduled auctions down this week – but an uplift could be coming sooner than expected. CoreLogic reports 424 capital city homes are scheduled for auction, down on the 612 homes auctioned last week. But with news the NSW and WA state…
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Real Estate News
Auction withdrawals hit all-time high as vendors and agents adapt to COVID-19 regulations
Auction withdrawal has spiked to about eight times the usual rate and the clearance rate for the combined capital cities has reached record lows since on-site auctions and property inspections were banned in response to the COVID-19 crisis. CoreLogic reports from the week ending 29 March to the week ending 3 May, the portion of scheduled auction events withdrawn averaged…
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Real Estate News
Real estate industry experiencing surge in off-market listings
The global pandemic has dramatically changed the way real estate agents do business, with Listing Loop reporting a significant rise in the number of off-market property listings. Defined as properties that are listed for sale, but not necessarily advertised through the standard mainstream channels, these ‘secret listings’ are typically marketed by agents to their individual networks. This surge in off-market…
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Real Estate News
Finder survey says…cash rate hold and international borders to remain closed
The cash rate is anticipated to remain on hold and Australia is projected to lose $25 billion in foreign spending, according to a recent survey by Finder. In this month’s Finder RBA Cash Rate Survey – the largest of its kind in Australia – 42 experts and economists weighed in on future cash rate moves and other issues related to the state…
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Real Estate News
Time for change: Body language experts’ prediction for new global greeting
The traditional handshake – we do it because our parents taught us and their parents taught them to do it. Its origins are in Roman Military greetings 2000 years ago, and Westerners and Europeans accept it as ‘normal’. But in places like Asia and Japan it’s still a relatively new concept that many people in those countries have only seen…
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Thought Leaders Podcast
Podcasting is the new blogging with Carey Green
This week, we’d like to introduce you to our podcast editor Carey Green and talk to you about why podcasting could actually the new blogging. In this episode, Carey reveals how you can become a podcaster, create content people want to listen to and build an audience that eagerly awaits your next episode as an authority on real estate and…
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Thought Leaders Podcast
How to lead through a crisis with Andrew Bell OAM
With more than 45 years in the real estate industry, there isn’t much Ray White Surfers Paradise Group Chief Executive Officer Andrew Bell hasn’t seen – including a crisis or 10. He witnessed the ‘70s credit squeeze, survived the 1987 stock market crash, made it through the national pilot strike and weathered the storm that was “the recession we had…
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Real Estate News
Which rental markets are most impacted by COVID-19?
COVID-19 is having varied impacts on residential property, but arguably the biggest impact could be in the rental space. According to CoreLogic, prior to COVID-19, the Australian rental market was already weak and with new challenges like Australian borders remaining closed to tourists and government policies restricting short-term rental arrangements, some Airbnb rentals are converting to long-term rental supply. CoreLogic…
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Real Estate News
Console Cloud announces integration with Maintenance Manager
An integration between cloud-based property management software platform Console Cloud and Maintenance Manager is set to give agencies a faster turnaround on maintenance tasks and save double-handling of data. Managing maintenance has typically required property managers to coordinate activities between tenants, landlords and tradies, causing headaches and games of phone tag for all involved. In an effort to streamline the…
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Elite Agent
Housing policies need change as COVID-19 widens renter-owner divide
The renter-owner gap will widen Despite concerns about house prices plummeting, the spread of COVID-19 is exposing a widening gap in housing markets between those who own zero housing wealth (renters) and those with substantial housing wealth (owners). Australians with little to no housing wealth were already experiencing at least three key types of vulnerabilities before the pandemic in the…
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Real Estate News
Property searches on the up: REA
Online property searches are proving a popular pandemic pastime according to realestate.com.au, with their latest data revealing both buy and rent searches have increased significantly on this time a year ago. According to their latest figures, search activity for properties to buy is up 5.3 per cent in the past week and is now 37 per cent higher than it…
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Real Estate News
New records for Rent.com.au
Rent.com.au has released its quarterly results for the period ending March 31, noting new records have been set for visits to its website and apps. CEO Greg Bader said the March quarter was typically when Rent.com.au sees the greatest number of renters moving home, and the March quarter proved no different, with increased visits to the website and apps, as…
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Real Estate News
Easing of restrictions helps WA agents to get back to work
REIWA has welcomed the McGowan Government’s announcement to allow the number of people who can attend a home open to be increased from two people (including the agent) to a maximum of 10 people from Monday 27th April. REIWA President Damian Collins said with sales transactions sitting at a record low of less than 300 per week in Perth in…
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Elite Agent
A two-step strategy for sheltering everyone
This article was co-authored by Bevan Warner, CEO of Launch Housing and Ron Wakefield, Professor of Construction, Deputy Pro-Vice Chancellor, International, and Dean, School of Property, Construction and Project Management, RMIT University, and was originally contributed to The Conversation. The original title was The need to house everyone has never been clearer. Here’s a 2-step strategy to get it done.…
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Thought Leaders Podcast
The art of storytelling and building deeper relationships with Valerie Garcia
Over the last month, marketing in real estate has changed dramatically. In a world where emotions are amplified and compassion is key, it’s clear we now need to be able to connect with other humans in a completely different way. Valerie Garcia has been involved in the real estate industry for the past 22 years, including time working for Belle…
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Real Estate News
Property values holding on amid COVID-19 crisis – for now
While the COVID-19 downturn has had a dramatic impact on agent activity and listings volumes in residential real estate, reports indicate that so far the value of dwellings has been relatively resilient. It’s still likely that property values will fall amid the downturn, but according to CoreLogic the decline in momentum across property values has been mild relative to what…
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Real Estate News
Auctions nosedive on back of pandemic and public holiday
The number of homes scheduled for auction this week took a dive, with only 314 properties scheduled for auction across the combined capital cities. According to CoreLogic, the lower volumes are partly due to coronavirus reducing the number of vendors serious about taking their property to auction in more challenging conditions, and also because Anzac Day falls on Saturday –…
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OPINION
Five steps to help agents thrive during a crisis
There’s no denying the Coronavirus crisis has been devastating to many. The health and economic implications run deep and, depending on the strategy adopted, they could also run long. The human toll on people’s lives and livelihood is immense, and like everyone else, I’m eager for us to move back toward a more certain future. That said, this current event…
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Thought Leaders Podcast
How to build trust and relationships remotely with body language expert Allan Pease
Thanks to COVID-19 we humans are now all trying to work out how to build relationships via tools like Zoom. But the real winners will be those that understand the new nuances of body language that appraisals and other meetings via electronic methods. Allan Pease is a body language expert with an extensive career spanning over 50 years with a…
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Real Estate News
Qld agent sets new bidding record on Openn Negotiation
A Queensland property has taken out the record for the greatest number of bids placed in an Openn Negotiation sale, with 67 total bids made in 11 days. The house located at 133 Turner Street, Scarborough, settled earlier this month for almost $200k above reserve. Brendan Homan from Innov8 Property, the agent at the helm of this sale, has been…
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EPM: Technology & Social
Four marketing trends that matter in 2020
This year will not be the year of artificial intelligence, but you’re sure going to hear a lot about it. While AI, augmented reality and things like blockchain work on closing the gap between market promise and market reality, plenty of other important trends are set to hit the Australian real estate sector in 2020. Here are four you’ll want…
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Elite Agent
Updated impacts on real estate businesses due to COVID-19
Recent national legislation due to COVID-19 has included halting traditional open homes and in-person auctions and a six-month moratorium on evictions for tenants in hardship due to the pandemic. Here is how that is playing out in each state. (This post will be regularly updated) Victoria A state of emergency has been declared in Victoria due to the serious risk…
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GUEST INTERVIEWS
How to solve an investor’s most pressing pain points: Bryce Holdaway
From gracing our screens on Escape from the City to playing the airwaves on his hit podcast, The Property Couch, Bryce Holdaway is a go-to authority on property investment. In this episode of Elevate, Bryce, a leading buyers agent, shares his property investing secrets, including why finding the perfect property is just the first of many investor pain points. He…
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GUEST INTERVIEWS
How Real Estate Agents Can Help Their Clients Through The COVID-19 Crisis
The fear and uncertainty that has hit Australian shores since the arrival of COVID-19 is impossible to escape. Real estate agents, sellers and buyers alike have been caught up in a whirlwind of doomsday rhetoric, but two of Australia’s leading real estate experts say COVID-19 need not spell disaster for the industry. In this insightful…
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Real Estate News
Why property price growth always leads a crisis recovery
Just as it did with past crises, the adverse economic impact from this coronavirus health crisis will begin its rebound with a real estate surge before anything else. Safe as houses! Residential real estate is the one thing which is common to 25.5 million Australians. After all, shelter is an essential commodity. While we all take one for the team…
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Elite Agent
The options so far for rent relief in Australia
What if I can't pay my rent? These are the options for rent relief in Australia Mark Giancaspro, University of Adelaide and David Brown, University of Adelaide You’ve lost income because of the coronavirus crisis and finding it hard to pay the bills. What if you can’t pay your rent? The short answer, if you…
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GUEST INTERVIEWS
Jet Xavier: How to keep climbing when the going gets tough
Before the global health crisis that is the Coronavirus pandemic hit hard, we picked Jet Xavier’s brain about how to stay on track and get back on top during tough times. Little did we know how fortuitous that conversation would become. In this enlightening episode of Elevate, Jet shares some of his top tips and best kept secrets to help you…
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Real Estate News
The real cost of a repayment pause – and how you can minimise the fallout
CBA's announcement today that customers who take a six-month repayment pause will be refunded interest-on-interest charges during this time will help families struggling to make ends meet. This measure, and the major banks' offer of a repayment pause for people in severe financial hardship will help thousands of Australians at a time when they need…
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Elite Agent
Moratorium on evictions is not a free ride: Housing Minster
REIA president Adrian Kelly said he welcomed the Minister for Housing Michael Sukkar's words which were a clarification on what a moratorium on evictions means. "A moratorium on evictions doesn't mean rent is not payable, it is. If circumstances mean that payment in full is not possible it is a holding off from payments, not…
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Real Estate News
House price growth begins to slow
Despite the unprecedented social distancing measures put in place to stop the spread of the coronavirus, home values across the country pushed higher in March. According to the latest data from CoreLogic, prices rose by 1.1 per cent in Sydney, 0.4 per cent in Melbourne, 0.6 per cent in Brisbane and Canberra, 0.5 per cent in Perth and 2 per…
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Real Estate News
The real estate industry turns to virtual tours to keep it moving forward
COVID-19 is seeing the real estate industry rapidly ramp up its use of technology, with virtual tours among the tools which are being embraced to keep transactions flowing.
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Real Estate News
New remote property inspection app protects tenants and property managers
Leading property industry technology solutions firm - Realm Australia, is encouraging property managers to make use of its new Rental Property Self-Inspection app to help protect staff and tenants from possible exposure to the COVID-19 virus. The Rental Property Self-Inspection app uses innovative AI technology to facilitate tenants performing remote inspections, with a full report…
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Thought Leaders Podcast
Pancho Mehrotra: Dealing with fear in an uncertain world
Pancho Mehrotra is the CEO of Frontier Performance and an expert in communication, influence and the psychology of selling. As Frontier’s principal and founder, Pancho brings considerable experience gained over 30 years of corporate sales success. He marries his passion for psychology with his business experience to help others achieve the results they want.
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Elite Agent
Property Manager tips – working from home
Property Manager tips – working from home transcript Hi, I’m Michelle Rigg. I’m the general manager at Rentwest Solutions. We’re a property management company in Perth WA. I want to talk with property managers about just getting ready and preparing properly for working from home, as most of you are now. It is a little bit different in these times…
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