Search Results for: first home buyers
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Real Estate News
CEO calls for disclosure of energy efficiency in homes
First National’s chief executive Ray Ellis is calling on the nation to follow the lead of the ACT as climate change consciousness extends far beyond the capitals to impact regional home buyers and renters.
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Real Estate News
Listing of the week: Pretty in Pink
The impossibly pastel pink hued Main Beach Bungalow – modelled after the Beverly Hills Hotel – is on the market for the first time since it was redesigned two years ago. The resort style estate, hidden from view behind a pink fence and well established gardens, is located in the heart of the Glitter Strip at 46-48 Peak Ave, Main Beach. The cabana and…
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Real Estate News
First home loan scheme helping millennials: HIA
Data indicates the Federal Government’s First Home Loan Deposit Scheme is already helping millennials achieve their home ownership aspirations while giving a boost to regional areas. According to HIA Chief Executive Industry Policy, Kristin Brookfield, government data shows 34 per cent of First Home Loan Deposit applicants are aged between 25 and 29, while 76 per cent of applicants are…
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Real Estate News
realestate.com.au launches autumn advertising campaign ‘Millions More Buyers’
realestate.com.au has surged to a new record audience high of 9.3 million as its new autumn advertising campaign begins. The ‘Millions More Buyers’ campaign uses modern illustration throughout the brand’s multi-channel approach. Digital, out of home, radio and TV campaigns aim to drive listing activity in the market as the autumn selling season begins strongly. The campaign’s 30-second TV commercial aired nationally for the first…
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Real Estate News
Auction clearance rate up on the back of increased volume
The national clearance rate is sitting just below 80 per cent after a weekend which saw Canberra, Sydney, Perth and Melbourne all achieve exceptional results. According to the latest data from CoreLogic auction markets showed a strong result of 78.6 per cent on the back of higher volumes as the number of properties taken to…
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Elite Agent
7 tips to launching your own proptech startup
Proptech is a word on everyone’s lips and no doubt will change the way the property industry operates. Since 2011, there has been over USD$300 million in funding invested into Australian real estate technology, according to a report from Unissu, which highlights just how big the sector is becoming. Proptech covers a whole range of different segments of the real…
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Real Estate News
First home buyers surge to decade high
First home buyers are back and ready to buy, with the latest Australian Bureau of Statistics figures indicating new loans to first time buyers have hit their highest level since 2009 in seasonally adjusted terms. Releasing their figures on Tuesday, the ABS said the value of new loan commitments to first home buyers rose 6.2…
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Elite Agent
Auctions kick up a gear
Auction activity almost doubled this week as the capital cities kicked up a gear following the traditional Christmas slowdown. CoreLogic reported 1122 homes went to auction at the weekend, effectively doubling last week’s total of 625. Higher volumes also equated to higher clearance rates with a preliminary national rate just shy of 70 per cent.…
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Real Estate News
2020 REIA National Awards for Excellence finalists announced
The finalists for the 15th National Awards for Excellence has been announced by The Real Estate Institute of Australia (REIA). REIA President Adrian Kelly said the national awards recognise the best of the best in Australian real estate. "This year the REIA National Awards for Excellence will be proudly hosted by the Real Estate Institute of…
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Real Estate News
Ray White NZ appoints Gavin Croft as Chief Operating Officer
Ray White New Zealand has appointed experienced award winning auctioneer Gavin Croft as its new Chief Operating Officer to help spearhead the next phase of growth at the leading network. Ray White New Zealand currently has a network of 177 offices across the country with a market turnover of $11.9 billion in sales and 18,000 properties under management. Ray White’s…
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National
House price rally continues in January
House prices started the year in the same fashion as they ended 2019, rising across every capital city in Australia. According to the latest data from CoreLogic, the combined capital cities grew by 0.9 per cent in January, taking the quarterly gain to 4.2 per cent. Once again it was Sydney (up 1.1 per cent)…
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Real Estate News
Ray White around the grounds auction report
As the market starts to heat up in 2020, Ray White has reported they had 346 auctions scheduled this week, with 131 of those booked in for Saturday. Preliminary data on auctions in Sydney shows the clearance rate was at 85 per cent clearance on Saturday for the Ray White network. Ray White New South Wales chief auctioneer Alex Pattaro…
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Real Estate News
How will the bushfire crisis impact property prices?
There is no escaping the effect the recent bushfire crisis will have on property prices, but an independent property research company claims the impact will depend on the state of the market in the suburb prior to the bushfires as well as how badly the areas were hit. RiskWise Property Research has identified three ‘severity’ categories with greatly varied impacts…
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Real Estate News
Six properties sell ahead of The Event as Gold Coast market gathers steam
The Gold Coast’s flagship real estate auction, The Event, is off to a flying start with six properties finding buyers ahead of Saturday’s auction date. Australia’s largest in-house auction program, hosted annually by Ray White Surfers Paradise Group (RWSP), is living up to its title with an initial 103 properties listed on the 2020 program. The properties range from one-bedroom…
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Real Estate News
First home buyers back at highest level in almost a decade
First home buyers are making the comeback of a decade with new figures showing the highest level of new lending in almost 10 years. The latest Australian Bureau of Statistics figures show a 19.71 per cent increase in the value of new owner-occupier loans taken out in November, year-on-year in seasonally-adjusted terms While investors slipped back slightly in November with…
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Elite Agent
House prices close out 2019 with more strength
It was another strong month of house price growth in December, as the year-end rally stayed true to form across the country. Across the major capital cities, dwelling values increased by 1.2%, marking yet another solid monthly performance, according to the latest data from CoreLogic. Again it was Sydney and Melbourne leading the price increase,…
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Real Estate News
Professionals expands into booming Riverstone
The Professionals group has expanded its footprint in north-western Sydney after welcoming experienced real estate principal Stephen Trethowan to the agency network. Mr Trethowan, who had previously operated under the LJ Hooker banner, began trading as Professionals Homepoint Realty at Riverstone on 1 December. The seasoned real estate professional has been operating in the Riverstone area since 1990, giving him…
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SELLING + MARKETING PROPERTY
Clock’s ticking – And the term days on market is changing
The concept of days on market seems pretty straightforward. The property goes live and the clock starts. If we go back to the turn of the century, many offices would boast of 45 days and 50 days on the market. As auctions became more prevalent and on-trend, this shortened to 27 and 30 days. But…
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Elite Agent
LJ Hooker 2020 predictions: The year of the everyday Australian
A power shift from banks to everyday Australians will fuel the national property market next year, according to LJ Hooker’s 2020 Trends Whitepaper. Trend #1: The power shift from banks to borrowersTrend #2: Renters become home ownersTrend #3: Regional rush for a same, same lifestyle Releasing the report ‘What’s in store for 2020? The year of the everyday Australian’ ,…
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Elite Agent
Weekend Auction Wrap: Volumes taper off ahead of Christmas
Auction volumes and the preliminary clearance rate across the country were lower this weekend, as the tapering off ahead of the Christmas period officially began. The clearance rate in Sydney dropped for a third straight week, with volumes down by -13 per cent on the prior week. Only 846 homes were taken to auction, according to the latest data from…
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Elite Agent
33 tips to own real estate in your local area in 2020
The first step to making next year your best year in real estate starts now – take a break. Christmas is the best time to take a break as most of your sellers and buyers will be doing the same thing. They expect you to spend time with your family and friends because that’s what they are doing too. Try…
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Real Estate News
Lenders sign up to First Home Loan Deposit Scheme
Twenty-seven lenders have now been endorsed to participate in the First Home Loan Deposit Scheme in the lead up to the scheme starting on 1 January 2020. The scheme, which will provide support for up to 10,000 first home loan guarantees for eligible first home buyers each financial year, aims to help first home buyers purchase a home faster. HIA…
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Real Estate News
Top 10 Sydney suburbs to watch in 2020
1. KensingtonJust a stone’s throw away from the CBD and Centennial Park, and with the University of New South Wales on its doorstep, Kensington ticks all the boxes for buyers looking to live near the city and Sydney’s eastern beaches. The long-awaited light rail network, set to open this week, will see interest in the area grow exponentially. I believe…
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Real Estate News
Sydney and Melbourne drive housing recovery
Australia’s two largest capital cities are leading a housing recovery, according to the Real Estate Institute of Australia. REIA Real Estate Market Facts for the September quarter 2019 said the weighted average median price for houses for the eight capital cities increased to $743,776. REIA President Adrian Kelly said the increase was driven by the larger property markets of Sydney…
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Real Estate News
Don Ha takes over RE/MAX New Zealand
RE/MAX New Zealand’s master franchise is being sold to one of its leading individual franchise owners. RE/MAX Revolution owner Don Ha is set to take up the CEO role in April next year, putting the master franchise 100 per cent in New Zealand ownership for the first time in 23 years. As a businessman, property investor, mentor and acclaimed speaker,…
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Elite Agent
The Agency predicts steady house price growth in 2020
A combination of cheap funding and low stock levels are helping boost house prices across the country and that is expected to continue into 2020, according to real estate group, The Agency. In their Summer 2019/2020 property report, The Agency CEO Matt Lahood has suggested there could be more upside in house prices next year, despite supply levels slowly starting…
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Real Estate News
Leading Illawarra agent Jeremy Hodder joins McGrath’s team
Leading Illawarra agent Jeremy Hodder will join McGrath’s sales team in the company’s expansion in the Illawarra. Mr Hodder has been a real estate agent and auctioneer for 18 years – and his expertise are a valuable addition to the team, where he will also be a great mentor to emerging agents within the group. Some of Mr Hodder’s impressive…
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Real Estate News
Prime waterfront properties command 63 per cent premium
Prime absolute waterfront properties in Australia are worth up to 63% more than their inland counterparts on average, according to Knight Frank’s latest Australian Prime Waterfront Index. The Index, which measures how much uplift value an absolute waterfront location can add to a property, found the premium was the greatest in Sydney, with up to 94.9%…
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Real Estate News
REIQ announces Awards for Excellence finalists
The Real Estate Institute of Queensland has announced the finalists in its 2020 Awards for Excellence which recognise best practice in the real estate profession in the Sunshine State. REIQ CEO Antonia Mercorella said the competition is set to be fierce, with 106 finalists across varying individual, agency and external categories. “We are continually heartened by the quality of the…
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Real Estate News
Affordability prompts highest number of first home buyers
Housing affordability has improved across the country resulting in the highest percentage of first home buyers in the marketplace in eight years, according to research from the Real Estate Institute of Australia. REIA President Adrian Kelly said the September quarter 2019 edition of the REIA Housing Affordability Report found housing affordability improved in all states and territories, except Tasmania, while rental affordability improved across…
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Elite Agent
Weekend Auction Wrap: Sydney and Melbourne continue to see strong clearance rates
It was another huge weekend of auctions in Australia’s two largest property markets as the spring selling season closed out with strong demand from buyers. Again it was Sydney that led the field, finishing the weekend with a preliminary clearance rate of 84.7 per cent, according to CoreLogic. In total there were 1,131 auctions held in Sydney, making it the…
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Real Estate News
Rose Farina joins McGrath as it boosts its presence in Northbridge
Prestige agent Rose Farina has joined McGrath, with the company acquiring her rent roll and business in Sydney’s Northbridge region of the Lower North Shore. CEO Geoff Lucas said attracting highly-respected agents is a strong indicator of continued influence of the McGrath brand. “Equally this expansion is consistent with our strategy to partner with high-calibre, well-regarded agents with a significant…
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Real Estate News
Australia, New Zealand feature in global real estate ranks
When Denver-based RE/MAX LLC recently announced its global Top 100 rankings for January to September this year, 25 residential sales teams from Australia and New Zealand made the cut. Included were:#4 Neilson Team, RE/MAX Bayside Properties, Cleveland, AU#7 Don Ha Project Sales, RE/MAX Revolution, Auckland, NZ#15 Rademeyer Team, RE/MAX First, Caloundra, AU#16 Melita Bell Team, RE/MAX Success, Toowoomba, AU#17 Deborah…
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Elite Agent
Here we go again
The housing downturn gave us a two-year glimpse of what it takes to achieve housing affordability and not all of us liked what we saw. With rates of home ownership in decline and a boom that had gone on too long there was justified alarm as the housing affordability crisis took its toll, before the downturn finally happened. But while…
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Real Estate News
First home and the southern state buyers lead the charge for Darwin property
Raine & Horne Darwin sold seven homes in two days this week, with first homebuyers and southern state buyers driving the flurry of sales. Glenn Grantham, General Manager, Raine & Horne Darwin, said buyers were split evenly between local first-timers and southern state purchasers seeking a lifestyle property in Australia’s northernmost capital city. “We even had situations where multiple buyers…
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