Search Results for: first home buyers
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Real Estate News
Budget is great news for real estate – if forecasts become reality: REIA
The Real Estate Institute of Australia has said that the critical Budget 2020 has provided an encouraging outlook for all players in the Australian property market. President of REIA, Mr Adrian Kelly, said that despite the challenging and unprecedented events of 2020 with a deficit of $210 billion, Budget 2020…
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Real Estate News
2020 budget breakdown
It’s been touted as the most important Federal Budget since the end of WWII, and its aim is to mitigate the disastrous economic impact of Covid-19 while spurring on the Australian economy. Here’s what was delivered as part of the belated Federal Budget for 2020, and how it’s set to impact real estate… Tested like never before “In 2020 Australians…
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Elite Agent
What the Federal Budget means for real estate
"We have a plan to create jobs, rebuild our economy and secure Australia’s future," said PM Scott Morrison, hours ahead of announcing the Federal Budget.
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Elite Agent
Leading a franchise during a pandemic
We all watched in horror as Wuhan in China was consumed by the Coronavirus (later renamed COVID-19) in the first few months of 2020. We saw the chaos, the heartbreak, the overwhelmed hospital system and what looked perilously like a breakdown of society. By early March it was evident that…
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Elite Agent
First Home Loan Deposit Scheme is flawed: REIA
Changes to the Australian Government's First Home Loan Deposit Scheme that allocate 10,000 new grants only to those who purchase new or newly-built homes ignore the reality of the market, according to REIA.
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Real Estate News
Clearance rate down slightly as volume decreases due to long weekend
Clearance rate down slightly as volume decreases due to long weekend Auction volumes were lower this weekend, as much of Australia enjoyed a public holiday, and that saw the clearance rate also slip marginally to just under 70 per cent CoreLogic reports 657 homes were taken to auction, down from…
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Real Estate News
Belle Property expands Victorian footprint with three new offices
Belle Property has launched three new offices in Victoria. Belle Property Daylesford, helmed by Principals Will Walton and Peter Douglas, has launched into Trentham, extending the brand’s reach across the Hepburn Shire region. Meanwhile industry veteran Peter Julian has opened two offices servicing the Surf Coast region with Belle Property Geelong and Belle Property Torquay. Dovetailing with lockdown restrictions easing…
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Elite Agent
Perth rental listings hit eight-year low
Rental listings in Perth continued to drop in September.
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Brand Editorial
Early Access
Domain has launched an innovative new platform that’s set to “turbocharge” the value agents can offer vendors shortly after a sales authority is signed and all relevant documentation has been prepared. Aptly named Early Access, the customer-centric early marketing solution triggers an alert to be sent to high-intent Domain buyers…
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Elite Agent
Queensland’s property market defies pandemic predictions
Queensland’s real estate market has overcome predictions of property price falls as a result of the COVID-19 pandemic.
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INDUSTRY NEWS
Auction clearance rate holds above 70 per cent
The preliminary clearance rate continues to defy expectations, holding above 70 per cent for the second week in a row. Hot on the heels of the highest preliminary clearance rate since the beginning of the pandemic last week, this week 70.5 per cent of the auctions so far reported appear…
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Elite Agent
Carole Saville – Service is key
Years in the industry? Just over six years.What’s a special place in your local area? My focus area is Kingsley – a lovely family friendly suburb which boasts so much beautiful parkland. There’s some excellent walks in the area, my favourite being around Lake Goollelal. We are privileged to still have a drive-in movie, the Galaxy Drive In Movie, which…
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Elite Agent
Highest preliminary clearance rate since March
With Melbourne still out of the picture, the remaining capitals have clocked up their highest combined preliminary clearance rate since March, coming in at 72.4 per cent. This is well above last week’s preliminary success rate of 67.3 per cent, which later revised down to 63.0 per cent at final figures, while CoreLogic notes this time last year, a final…
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GUEST INTERVIEWS
How smart tech can supercharge lead generation
This episode of the Elevate podcast is brought to you by Connect Now Alex Ouwens is co-founder of Ouwens Casserly Real Estate, better known as OC. Helmed by Alex and his business partner Nathan Casserly, OC…
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Elite Agent
Will Torres: Value your worth as an agent
Years in the industry? 16 years What’s a special place in your local area? My office. It’s my second home. Other than that, I love to visit property at the high peaks of Coorparoo that show off the epic Brisbane city view. Did you choose real estate or did real estate choose you? We chose each other. I thought I would jump (blindly)…
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Elite Agent
The harder the lockdown the faster the property market recovery?
The harder the lockdown, the greater potential for swift property market recovery. That’s the major takeaway of a Domain webinar that was recently delivered by Senior Research Analyst, Dr Nicola Powell, and Domain National Managing Editor, Alice Stolz, who took a deep dive into what’s happening in Victoria. Covering topics like consumer sentiment, online search behaviour and global trends, Dr…
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Elite Agent
Domain teams up with The Block agents to sell this year’s properties
Domain will again be supporting the selling agents on this season of The Block. In the lead up to the finale, Domain will be helping the agents maximise their exposure for the five period homes in the Melbourne bayside suburb of Brighton. The Block listings will be exclusive to Domain, with agents given access to property marketing offerings across print,…
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Real Estate News
Auction results highlight Melbourne’s pain
The lockdown toll is being felt across the Melbourne auction market, with CoreLogic reporting a clearance rate of 27.3 per cent this week after three of the 14 homes listed for auction at the weekend sold prior, and eight were withdrawn. Domain had similar figures, reporting a clearance rate of zero per cent after 10 homes were listed for auction,…
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Elite Agent
National clearance rate at 67.3 per cent as Melbourne grinds to a halt
This week, the combined capital city preliminary auction clearance rate held firm relative to last week across a lower volume of auctions. This was despite a record slump in Melbourne where the volume plummeted to just 14 properties and the clearance rate struggled to reach 27.3 per cent. Across the capitals, there were 823 homes taken to auction over the…
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OPINION
After COVID, we’ll need a rethink to repair Australia’s housing system and the economy
A new report from the New South Wales Productivity Commission (NSWPC) announces that “[higher] housing costs […] impose broader economic costs”. That chimes with our own newly published research. The implication is that Australia’s heavily capitalised housing market will weigh down economic recovery from the shocks of the coronavirus pandemic. A niche group of economists and epidemiologists had warned the world for decades that a…
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Elite Agent
What would you do with an extra six-and-a-half hours each week?
You could make about 65 more cold calls. Or hold 13 more open homes. Or you could take a power-nap every day of the week. Unfortunately, there are only 24 hours in a day – you can blame the Egyptians for that one. So, if you can’t make more time, what can you do? You can save it.Enter CRM. A…
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FEATURE INTERVIEWS
Andrew Harding: Enjoy the journey
Years in the industry?I started in October 2017. I was extremely fortunate that in my first full year in 2018 I was working under the CEO. He came back selling after a short break and he taught me everything. I did a year on my own in 2019 and towards the end of that year, I started the team. I…
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Elite Agent
Contestants Sarah and George discuss this unusual season of The Block
From one of the most challenging years in our history, to one of the most unusual ‘The Block’ series in its history. Each contestant group is renovating a completely different style and era of home…
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Elite Agent
REIWA’s post-COVID prosperity plan
“It’s clear that the property industry needs stimulus to attract buyers and investors back into the market.” That’s the message from Real Estate Institute of Western Australia, who have delivered a prosperity plan to the WA Government that they believe will set the state on the road to recovery. Below is an outline of the plan. Reform stamp duty to…
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Elite Agent
Who’s where on the property clock as spring selling begins?
Tasmanian cities are among the new additions to the top of the property clock, according to the September Month in Review by Herron Todd White. Launceston and Bernie/Devonport have now joined capitals like Adelaide, Hobart and Canberra, along with regional areas like Albury, Geelong, and Bathurst at the peak of the market, while Melbourne has officially entered decline, and Darwin…
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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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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
The personal touch – at scale
Email autoresponders cut through the obstacles which get in the way of responding to the many property email inquiries an agent receives all day. Bill Shields examines how they can help you boost your client experience. Many of us are thinking about how we will do things differently post-COVID-19 and, perhaps, what things will stay the same. While the market…
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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
Josh Mana team joins Queensland Sotheby’s International Realty
When it comes to the reason why Josh Mana entered the world of real estate, he both blames and credits his wife, Carrie. “I was a refrigeration air-conditioning technician in my early 20s and eventually got out of the trade in NSW when I moved to the Gold Coast,” Mr Mana said. “My wife, Carrie, was in property management and…
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Elite Agent
RBA takes hold and hope approach
The Reserve Bank of Australia (RBA) has left the official cash rate on hold at 0.25 per cent as the nation’s economy continues to feel the fallout of COVID-19. Noting the economy is grappling with the “biggest contraction since the 1930s” RBA Governor Philip Lowe said his board was committed to doing what it could to support jobs, incomes and…
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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
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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Elite Agent
Australian housing at its most affordable since 1999
HIA’s Housing Affordability Index for the June Quarter 2020 indicates national property prices are at their most affordable since 1999. HIA’s Affordability Index is calculated for each of the eight capital cities and regional areas on a quarterly basis and takes into account the latest dwelling prices, mortgage interest rates, and wage developments. Housing affordability improved in the June quarter…
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