Search Results for: first home buyers
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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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PROSPECTING + LISTING
The ultimate guide to real estate prospecting resources
We have trawled the Elite Agent archive, as well as the entire living history of the internet, to present both golden oldies and new thinking to help you gain inspiration in your real estate prospecting.
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Real Estate News
Off-the-plan and new builds surge as stimulus takes hold
A sharp uptake in off-the-plan and new build sales is potentially underpinning the nation’s real estate market, with owner-occupiers taking advantage of various stimulus packages, according to LJ Hooker. Mathew Tiller, LJ Hooker’s Head of Research, credits “pent up demand” after the shutdown, record low interest rates, and the various state and federal-led stimulus packages for the surge in off-the-plan…
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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
Luke Stevenson: Local knowledge
Years in the industry?The end of August will be two years in real estate in Tamworth for me. Before that I was working in flight operations for Jetstar in Melbourne. I loved the city life, but being born and raised in the country, I was always going to come home. What’s a special place in your local area?Well I…
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INDUSTRY NEWS
Over $13m of St Kilda sales in 7 days
The Agency’s Sam Hobbs has achieved an extraordinary outcome for his clients across the first two weeks of stage 4 restrictions in Melbourne. Within a seven-day period, Sam Hobbs sold two premium listings and one…
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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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Real Estate News
HTW property clock shows general stability, but Sydney and Melbourne in decline
This month’s Herron Todd White property clock paints a picture of relative stability when it comes to market positioning, but with a few notable exceptions. Melbourne is officially “starting to decline” in both the housing…
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Real Estate News
Auction clearance rates buoyed by a strong preliminary result across Melbourne
Auction clearance rates buoyed by a strong preliminary result across Melbourne This week’s preliminary clearance rate has come in at 65.9 per cent on the back of higher volumes than both last week and last…
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Real Estate News
Changing times lead to new C21 mobile agent offering
Century 21, a real estate organisation with over 120,000 staff in 82 countries, recently launched their C21 IGNITE model, which tailors the franchising experience to agents wanting to operate remotely. Realising that the real estate industry was evolving, C21 introduced a new fully supported model for high performing real estate agents to operate their own business without the need for…
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Elite Agent
What does Stage 4 lockdown mean for real estate?
Barry Plant Group CEO, Mike McCarthy has issued a market update, hoping to clarify some of the confusion surrounding what the real estate industry can and cannot do. “The next six weeks will be an eternity for some and for others, it will be over before we know it. But we can do this, if we all stick together and…
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Real Estate News
Residential land purchases rose 33% in June
Housing finance figures released by the Housing Industry Association (HIA) today show that buyers returned to the market in June, reflecting both improved confidence and the announcement of the HomeBuilder scheme. While the total number of home loans still dipped well under the figures for June, 2019, there was a 9.7 per cent rise in lending to those buying established…
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Real Estate News
BHGRE expands to South Australia with big name signing
With close to 30 years’ experience selling property in Adelaide’s north-eastern suburbs, veteran Principal Anthony Ward, alongside wife Emma, have joined Better Homes and Gardens Real Estate (BHGRE). It is the lifestyle brand’s first foray into South Australia, having already established offices in the eastern states of New South Wales, Queensland, and Victoria. With a name already known by millions…
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Elite Agent
Family business takes leap of faith
The coronavirus crisis has caused some to run for the hills, overwhelmed by what appears to be a risky time for new ventures. But the opposite is true for Queensland-based agents Lou Cooper and her daughter Ambre Perry who are set to shake up Buderim and its Sunshine Coast surrounds with their new agency, ‘Perry Cooper’. And what better way…
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Elite Agent
REIQ demands ‘urgent action’ to protect property market
The Real Estate Institute of Queensland has called for the Palaszczuk Government to protect Queensland’s property market “as a new wave of contagion threatens to undo the state’s recognised efforts of containing COVID-19 to date”. The essential temporary measures being asked for include a 75 per cent reduction in stamp duty and extending the First Home Buyers Grant to established…
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Real Estate News
Sector seeks to confirm what stage four lockdowns mean for Melbourne real estate
The Victorian real estate sector is seeking to confirm exactly what stage four restrictions in Melbourne and Mitchell Shire will mean for the state’s property industry after a raft of announcements were released today relating to retail, the construction sector, and other industries. Here’s what we know so far… Clarity still needed on real estate operations At present it remains…
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Real Estate News
Clearance rate rises on the back of lower volumes and fewer withdrawals
The combined capital city preliminary clearance rate improved this week, coming in at 65.3 per cent on the back of lower auction volumes. CoreLogic reports 1162 properties were taken to auction at the weekend with…
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Elite Agent
Government looks to extend First Home Loan Deposit Scheme
As the Federal Government readies to bring down its October budget, an expansion of the first-home buyer loan scheme could be on the cards, following a rush of demand. National Housing Finance and Investment Corporation figures show that over 40 per cent of the 10,000 available slots have been filled in less than a month. In comparison, the first 10,000…
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Elite Agent
Rent prices take first quarterly fall since 1972
In the first quarterly fall since 1972, rent prices were down 1.3 per cent for the June quarter, according to the latest data from the Australian Bureau of Statistics (ABS). The downward trend coincided with the biggest drop in consumer prices since 1931, with the consumer price index for the June quarter falling 1.9 per cent. “Weak rental market conditions…
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Elite Agent
Almost 20% of new Victorian homes are sold to overseas buyers
Overseas buyers are snapping up new properties across Australia, according to findings from the National Australia Bank’s Q2 2020 Residential Property Survey. New development sales to foreign buyers rose from 6.6 per cent to 8.3 per cent in Q2, with figures for established housing increasing to 3.1 per cent from 2.4 in the first quarter. Victoria has seen the biggest…
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Real Estate News
From private jets to business success
“We’ve just signed our first deal after six days on the market in the $1.7 millions… BOOM! I’m over the moon this morning!” That’s Garry Jones’ opening salvo in what will be a high-energy roller coaster of a discussion about the launch of his new Brisbane agency – Garry Jones Homes. Garry’s path to business ownership is far from traditional.…
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Elite Agent
Stamp duty relief welcomed by Property Council and HIA
The NSW Government’s plans to provide stamp duty relief for first home buyers purchasing newly built properties worth up to $1 million has been welcomed by numerous bodies. Under the new plans, from August 1, the stamp duty exemption limit will be lifted from $650,000 to $800,000 for the purchase of a newly-built home. The stamp duty concession will also…
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Mixed results for Q2: all unit prices fall, houses rise in select capitals
Results are in for the second quarter of the year and, according to Domain, all major capital cities saw unit prices fall across the June quarter, with house prices rising in Adelaide, Canberra, and Hobart. It appears the…
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Real Estate News
Fine print may dash numerous HomeBuilder hopes
Australians with plans to pull their super and use it as part of a deposit for a HomeBuilder claim may run into some pesky fine print that sets their plans back considerably. Real Estate Buyers Agents Association (REBAA) president Cate Bakos warns of a little-known rule that banks are beholden to when lending money: a rule that may completely throw…
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Real Estate News
Darwin expecting a real estate surge after borders reopen
As Northern Territory’s borders reopen on Friday to most of the country, real estate agents are expecting buyers, renters, and holidaymakers to flood the capital city. Darwin is hot right now – and not just on the thermostat. The rental vacancy rate sits at 1.8 per cent, the lowest it’s been for seven years. In addition, the value of housing…
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Real Estate News
Mount Panorama property surrounded by iconic race track hits the market
Imagine being able to tell people your residential address is 489 Conrad Straight, Mount Panorama. The petrol-head’s dream property has just come onto the market: 17 acres surrounded by the world-famous Mount Panorama Circuit, home to the Bathurst 1000. Despite its treacherous turns and high-octane reputation as one of the hardest tracks on earth to traverse, the Mount Panorama Circuit…
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Real Estate News
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Real Estate News
New home loans slump to lowest number on record in May
As expected, new home loans have fallen sharply in response to the COVID-19 crisis, with the latest Australian Bureau of Statistics figures indicating the value of new loan commitments for housing dropped 11.6 per cent in May. Noting this was the largest fall in the history of the series, ABS Chief Economist Bruce Hockman, said…
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Elite Agent
Oliver Bowler: Referral and repeat clients drive my business
Years in the industry? Seven, I started at Ouwens Casserly in April 2013. What’s a special place in your local area? Norwood Oval. I was born on Woods Street and love the buzz of the parade on a Friday night when the footy is on. The atmosphere at the oval and the surrounding pubs and restaurants can’t be beaten. Did you choose…
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Elite Agent
Good news: HomeBuilder has caused a boom in new home inquiries
The Federal Government’s HomeBuilder scheme has led to a surge in new home inquiries since it was announced in early June. REA have today released their ‘Insights New Homes Snapshot’ for July, which shows inquiries to developers nationally jumped by almost 63% in June. Even more impressively, inquiries about land experienced a 93% lift over the month. “I expect to…
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Real Estate News
The upside of COVID: More renters are now saving to buy property
Saving for a home deposit can be a tricky prospect, involving self-discipline, long-term goal setting, and sacrificing those little luxuries like eating out, going to live gigs, or indulging in weekend getaways. New research by Westpac into the financial trends of Australian renters during COVID-19 shows that government-enforced lockdowns, coupled with the closure of many businesses that rely on discretionary…
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Real Estate 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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Real Estate News
Victorian lockdowns do little to dampen buyer enthusiasm
Two additional postcodes have been added to the list of locked down suburbs in Victoria, with Kensington, Flemington, Hotham Hill and North Melbourne joining the restricted areas as of midnight Saturday. They add to a lengthy list of suburbs already subject to restrictions due to a surge in Covid-19 cases in the Victorian capital. According…
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Real Estate News
Preliminary clearance rate improves while fewer homes taken to auction
Preliminary clearance rate improves while fewer homes taken to auction As is traditionally the case, school holidays had a direct impact on auction volumes this week across the capitals, with a total of 1185 homes scheduled for auction compared to 1485 last week. While volumes were lower, the clearance rate trended higher, according to CoreLogic…
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