Search Results for: first home buyers
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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of 27.3 per cent this week after three of the 14 homes listed for auction at the weekend sold prior, and eight were withdrawn.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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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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