Search Results for: first home buyers
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Real Estate News
Millennials struggling to leave home, according to affordability report
The ongoing affordability crisis is entrenching a generation dependent on parents for housing, with the number of Millennials giving up hope of moving out of home by 30 years of age surging, according to CoreLogic’s Perceptions of Housing Affordability report for 2019. The report identified the proportion of Australians who think they will be at least 30 years of age…
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TECH + SOCIAL
Elite Agent primer: 5 ways 5G could impact the property industry
What is 5G? 5G is rapidly rolling out in many countries throughout the world and is the latest evolution of mobile connectivity. A step up from the current 4G, it plans to be more reliable and faster than its predecessor and could impact the property industry in a few different ways. Telstra has enabled 5G…
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FEATURE INTERVIEWS
Tony Heath: Your name is your reputation
It might be unlucky for most, but for Tony Heath the number 13 has proved nothing but fortuitous. His wife, Julie was born on the 13th, as was one of his sons. On July 13th he celebrated 28 years in the real estate industry and 28 years with McLachlan Partners on the Central Coast of NSW. “I’ve only ever worked…
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Real Estate News
Stable population growth to support building activity
Population growth figures released this week are good news for the residential building industry, according to the Housing Industry Association. The latest ABS data shows Australia’s annualised population growth rate remained at 1.6% during the March 2019 quarter. HIA Economist Angela Lillicrap said the stable population growth is a welcome development for the residential building industry as it recalibrates to…
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TECH + SOCIAL
Protect yourself, your business and your data from hackers
Australia’s strong economy, along with high rates of internet and new technology adoption, has made our country, a lucrative target for attacks. Here’s two ways to protect yourself from hackers. Imagine this: Your client is ready to purchase their first home! You share bank details with them via email and SMS. Unfortunately, this leaves you…
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SELLING + MARKETING PROPERTY
People Power
On the surface, the link between producing commercial quantities of soup and selling houses is extremely tenuous. Dig a little deeper and you may find the connection not so far fetched. Former Campbell’s Soup CEO Doug Conant was renowned for saying “to win in the marketplace, you must first win in the workplace”. It’s an adage that Barry Plant Manningham…
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Elite Agent
Weekly Auction Wrap: Has the clearance rate topped out?
While it was another strong weekend across the country for auctions, we’ve had the first downtick in a number of weeks, which could signal that the surge in the clearance rate is starting to ease. Over the weekend, the latest Corelogic data has shown 75.7 per cent of homes sold at auction across the country, marking what is expected to…
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Real Estate News
First Home Buyer Deposit Scheme moves ahead
The Government’s introduction of the National Housing Finance and Investment Corporation Bill (NHFIC) will provide a platform to establish the First Home Buyer Deposit Scheme announced during this year’s Federal election. The HIA welcomed the move, with Managing Director Graham Wolfe saying the introduction of legislation by the Treasurer, the Hon. Josh Frydenberg, to support the home ownership aspirations for…
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Real Estate News
Home lending bounces back in the lead up to spring
New ABS data released this week shows home lending is back with a bang, posting a 5.1 per cent jump month-on-month in new home loans settled in July. Owner-occupiers saw the biggest growth, increasing 5.3 per cent in value in July compared with June figures, in seasonally-adjusted terms, excluding refinancing. Investors have continued their come-back into the housing market, with…
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Real Estate News
First home buyers surge in July
First home buyers are continuing to take advantage of a less competitive environment and more affordable house prices, according to the Housing Industry Association (HIA). HIA economist Angela Lillicrap said yesterday’s ABS Lending to Households and Business Data for July indicated the number of loans to first home buyers was up by 1.3 per cent for the month and 4.0…
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Elite Agent
How population is impacting house prices
Population movements are one of the key reasons house prices rise and fall, and according to Herron Todd White, it’s not just about how how many people are moving to or from your city, but also the demographics of those people. The leading Australian valuer has studied the impact that the current population trends have been having in our major…
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Real Estate News
Concierge team digs deep for OrangeSky
Ray White & Loan Market’s Concierge team recently presented a $5000 donation to Orange Sky Australia – a Brisbane-based charity which helps the homeless with free mobile laundries and hot showers. Orange Sky Australia is the world’s first free mobile laundry service for people experiencing homelessness in Australia, and it has just expanded to Auckland. The idea was born five years…
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Real Estate News
realestate.com.au targets first home buyers with second series of How to Home Loan
realestate.com.au has continued its partnership with comedian Jess Harris –twentysomething, Wine – to release a second series of the hugely popular How to Home Loan video series, which explores the frustrations of first home buyers when embarking on their home purchasing journey. Season two of the tongue-in-cheek educational campaign shines a light on the realities of buying a home and…
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Real Estate News
Sydney blue-ribbon areas lead property comeback
The green shoots of a property market recovery are sprouting, according to DiJONES’s latest annual Market Report released this week, which shows prominent Sydney areas leading the way and a trend of Sydneysiders relocating to the Southern Highlands. The report, which draws data from 176 suburbs surrounding its eight offices in Sydney and the Southern Highlands, shows that unit values…
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Real Estate News
Investment expo to offer more than great ideas…
More than 6000 people are set to converge on the Sydney Showgrounds in late October for the 2019 Property Buyer & Investor Expo. Slated for October 26 and 27, this year’s event is expected to reflect renewed market confidence and will feature five categories of exhibitors who provide a well-rounded picture of the investment landscape. With exhibitors from the finance…
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Real Estate News
REIWA calls for less talk, more action on stamp duty
The number of annual property sales in Western Australia has dramatically dropped from over 71,000 in 2013 to less than 41,000 in 2018, the lowest the state has seen since 1990 and the numbers are only continuing to fall in 2019. REIWA President Damian Collins said one of the biggest imposts to home ownership is stamp duty, which has significant…
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Real Estate News
LJ Hooker Avnu Lower North Shore expands sales team
LJ Hooker Avnu Founding Partner Adrian Bridges recently welcomed Nic Christou to the team. Mr Christou has an impressive track record, starting his career when he was just 15 years old, and has now chalked up more than 10 years in the industry. Mr Bridges said Mr Christou first reached out to him on Instagram and requested a mentoring opportunity. …
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INDUSTRY NEWS
Weekly auction wrap: Clearance rate set for a two-year high
It was another strong weekend for auctions, with the nationwide preliminary rate sitting at a very strong 76.6 per cent. If the final clearance rate finished above 70 per cent, it will be the first time since May 2017 and a really strong sign for property prices headed into the spring selling season. Sydney led the playing field with 81.7…
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Real Estate News
realestate.com.au launches first-to-market content in app
realestate.com.au today launched content in app, a first-to-market experience allowing users to access property news, data and insights within the realestate.com.au app. The experience is now live on the realestate.com.au iOS app, with Android users receiving the update from next week (Monday 19 August). With over 29 million launches of the app every month, a…
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LEADERSHIP
Destination: Sold
In an expansion market buyers have to act. Every three months they wait for properties to rapidly increase in price, whereas in a contractionary market, every three months a seller remains, their sale price declines. In a slow-growth market, neither the buyer or the seller are compelled to act financially. To win, you have to be an agent for all…
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Thought Leaders Podcast
How To Maximise Digital Marketing For Real Estate: Lisa and Mark Novak – Episode 97
Digital Marketing, for real estate agents can be tricky business. You don’t want to come across too sales-y - and you don’t want to avoid digital channels altogether. Where can you find the right balance? Lisa and Mark Novak have discovered that being genuinely themselves and getting past the fears associated with creating videos and…
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Real Estate News
LJ Hooker opens new office in North West Tasmania
LJ Hooker has expanded its network in North West Tasmania with the opening of LJ Hooker Devonport. Experienced local real estate specialists Michael Ziegler and Melissa Burtt will head up the new office, which offers a full suite of real estate services across residential properties, including sales and property management. With 16 years’ combined experience in the real estate industry,…
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Elite Agent
HTW Market Wrap: Sydney and Melbourne bottom out
The national property market continues to be a tale of very different states and cities, with some strength in areas like Canberra and Hobart, and clear weakness in Sydney and Melbourne. The positive news for property owners is that the latest commentary from national valuers Herron Todd White is that both Sydney and Melbourne are approaching the bottom with their…
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NSW Real Estate News
Chinese buyers still strong in Sydney market
What is the state of the Sydney property market in 2019? At Crown Group, we have definitely seen the Sydney property market pick up in the past few months. As early as March, well before the election, we saw buyer behaviour change, with more contracts signed and more exchanges than in the previous 18 months. Then after the election, our…
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National
Weekly Auction Results: Auction clearance remains high on slightly higher volumes
Sydney and Melbourne continue to lead the country with another strong week of auction clearance results. After last weeks solid result, Sydney again leads the nation with a preliminary 78.5% clearance rate. While Melbourne continues to improve and finished on higher volumes than Sydney 74%. As sellers continue to sit and wait for spring, demand…
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Real Estate News
Noakes brothers to head up Stone Real Estate in Hornsby
Stone Real Estate has staked a claim in the northern Sydney hotspot of Hornsby, with two of the area’s talented agents opening the boutique brand’s first office in the suburb. Brothers Steve and Adam Noakes bring almost 20 years combined experience to their roles as co-principals of Stone Real Estate Hornsby. Born and raised in Hornsby, the pair said they…
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Elite Agent
Make it then break it: John Percudani on meeting the agile challenge
Realmark might already be a hugely successful and highly-awarded agency, but Managing Director John Percudani is set to pull apart his business model then reassemble it piece by piece in a bid to improve the customer experience. When Realmark Managing Director John Percudani talks of ‘agile business’ and the ‘customer journey’, he’s not just paying lip service to two of…
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COMMERCIAL
Hutton & Hutton and DIAKRIT are stepping up online listings
New Farm-based real estate agency Hutton & Hutton have teamed up with DIAKRIT to revolutionise the way people are looking at purchasing property. DIAKRIT pride themselves on combining the highest quality photography and videography for listings with 2D floorplans, furnished 3D floor plans, virtual walkthroughs, virtual furnishings, and virtual renovations. Fletcher Norman, the Queensland state sales manager for DIAKRIT, said…
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National
Millennial first home buyers urged to buy now before start of the First Home Loan Deposit Scheme
Millennials and younger first home buyers may not yet have seen the urgency but First National Real Estate’s chief executive Ray Ellis is urging them to get off the sidelines and seize their opportunity to buy now before the Morrison Government’s First Home Loan Deposit Scheme takes effect on 1 January 2020. “We have record low interest rates and more…
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Thought Leaders Podcast
Things are looking up for the Australian Real Estate Market: Matt Lahood
The Australian Real Estate Market has seen its share of difficulties in the past 12 months. With an election behind us and an interesting future ahead, we thought it would be a good idea to bring you the perspective of an industry leader who has seen many cycles of ups and downs and is respected…
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FRANCHISE NEWS
A Fresh Start for Laing+Simmons Kings Langley | Kings Park
Sales executives Garry Cooper and Greg Cameron will take the reins of the business that operates in the Kings Langley and Kings Park areas. Garry Cooper is confident on the prospects for the neighbouring suburbs given the turnaround in the sentiment in the Sydney market recently and believes the Kings Langley and Kings Park areas are well-positioned for growth as…
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BEST PRACTICE
Financial wellness for agents: Mikaela Patterson
What’s the difference between success and financial wellness? In real estate, success is different from one individual to the next. It could mean pulling up at a listing presentation in the Mercedes-AMG GT Roadster or opening an office in the adjoining postcode. For others, it’s taking every second Friday off to play golf. So what’s financial wellness? Equally, it’s different…
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Real Estate News
Housing affordability best since 1999
Housing affordability is the best it’s been in 20 years, according to the latest HIA figures. HIA Senior Economist Geordan Murray said the figures, gathered from the HIA Affordability Index for the June 2019 quarter, are thanks to a combination of lower home prices, improvements in wage growth and lower interest rates. “For a home buyer with an average income purchasing…
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COMMERCIAL
Ray White Ballarat office celebrates 30 years
Working in production at his local TV station in 1984, Phillip Lee was wondering where his career would sit in 10 years. Little did he know, he’d go on to become a Ray White Ballarat Director and embark on a 30-year career with close friend and fellow Director Trevor Booth. “All around me people were moving to the ‘Big Smoke’…
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Elite Agent
Auctions this week: Buyers are back
According to CoreLogic, the first week of July 2019 saw a combined capital clearance rate above 60 per cent for the fourth consecutive week. With the Federal Election now an almost distant memory, Elite Agent spoke to some of Australia and NZ’s top auctioneers to see if buyers are really back, and what the lead-up to Spring Selling Season is…
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