Search Results for: first home buyers
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INDUSTRY NEWS
Chinese buyers invested $23.9 billion in Australian real estate in 2017
Juwai.com’s 2018 Chinese Global Property Investment Report has revealed that Chinese buyers purchased $23.9 billion of Australian real estate in 2017. That consisted of $19.4 billion in residential and $4.5 billion in commercial acquisitions, and made Australia and New Zealand the biggest market for Chinese investment. That figure is a drop of 26.8 per cent from the estimated spending in…
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FRANCHISE NEWS
Ray White Frenchs Forest reopens with Megan MacKay at the helm
Local agent Megan MacKay, together with her husband Trevor Cain, has just re-opened Ray White’s office in Frenchs Forest in the heart of the Northern Beaches. The new office, at 49 Frenchs Forest Rd, was minutes away from the soon-to-open Northern Beaches Hospital and Frenchs Forest’s future community hub. For Ms MacKay, having started her real estate career with Ray…
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INDUSTRY NEWS
September 2018: Interest rates on hold, Industry reaction
Yesterday (4 September 2018) the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 23rd consecutive meeting. “Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low,” says RBA Governor Dr Philip Lowe. “Housing credit growth has declined to an annual rate of 5½ per cent. This…
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Real Estate News
Jason Boon triumphs with triple trophies at R&W 160th birthday awards night
Jason Boon walked away from the Richardson & Wrench 160th birthday awards on Saturday night with three of the most coveted trophies. Boon, a director of R&W Elizabeth Bay Potts Point took home the award for Most Outstanding Selling Principal for both transactions and income earned, plus the Ronald H Pillinger Award. He also had his hand on the R&W…
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EPM: Productivity
Rik Rushton: Make Your Move
IT’S THE END OF MOVING DAY AND THEY’RE EXHAUSTED. Their backs are aching, their stomach rumbles with hunger and the only thing pounding harder than their sore feet is their throbbing heads. What they wouldn’t give for a hot shower, a glass of wine and an early night in with a movie. What if you, as your clients’ trusted real…
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INDUSTRY NEWS
New Zealand bans sale of property to foreign buyers
In a bid to fix a growing affordability issue, the New Zealand government has passed the Overseas Investment Amendment Bill. The bill will stop the majority of non-resident foreign buyers from purchasing existing property in New Zealand. It passed on Wednesday night by 63 votes to 57. The plan was announced in October to end the purchase of existing houses…
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FRANCHISE NEWS
Raine & Horne ramp up Gold Coast expansion with new Coomera office
Raine & Horne have opened a new office in Coomera on Queensland’s Gold Coast this week, to be run by two well-known local property professionals. Real estate aces Jacqui Walker and Jason Read will lead Raine & Horne Coomera, which is located at 19C 31 Dreamworld Parkway, Coomera. Ms Walker has an extensive history as a real estate principal and property…
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Real Estate News
Top takeaways from Day 1 at Connect 2018
Here are my top takeaways from a lineup of prestigious politicians, industry insiders and business experts who took to the stage for Connect Day 1. Former PM John Howard – The Global Economic Future As Australia’s second longest serving Prime Minister, John Howard OM AC led the country over four terms and 13 years. His achievements in the top job…
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Real Estate News
First-home buyers come out on top in June, according to new ABS data
First-home buyers are currently dominating owner-occupier housing loans, with the number rising again in June 2018 to the highest rate since October 2012. The ABS housing finance figures for June 2018 show that FHBs now account for 18.1 per cent of owner-occupier home loans. The number of FHB owner-occupier loans has now increased by 11.4 per cent over the last…
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FRANCHISE NEWS
RE/MAX New Zealand celebrates performance and great leadership
RE/MAX New Zealand awarded its top performers for the first half of 2018 to complete its August Rally program, held at the Novotel Ellerslie, Auckland, where the network came together for a full-day event designed to bring a focus on leadership to RE/MAX members. Winners in the number of transaction stakes for January to June 2018 were RE/MAX Go For…
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CASE STUDIES
Should anyone working in off the plan property be optimistic?
I’ve worked in the off the plan property industry for almost 15 years now, so have seen the industry shift gears more than a few times. But recently we have been confronted with an unprecedented storm of activity causing uncertainty, from scathing media headlines to banking Royal Commissions to cash-grabbing state governments. So I did what any CEO of a…
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EPM
Madeleine Smith: Just Do You
Madeleine, tell us a bit about yourself and your role at LJ Hooker Gosford. I moved to the Central Coast in 2012 and was excited to stay with the LJ Hooker brand and take a job in 2013 as a property manager. I looked after a portfolio of 300-odd properties for a few years before taking a leap into the…
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INDUSTRY NEWS
First Australian property developer partners with digital co-ownership platform
Australian apartment builder Dyldam has partnered with Kohab to enable more buyers to get into the property market. Kohab is a digital platform and marketplace for co-ownership. The platform aims to enable more Australians to buy their own property through co-ownership and has partnered with Dyldam to provide maximum affordability for investors and first-time homebuyers. Kohab’s platform differs from fractional property…
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EPM: Technology & Social
A game of drones: Sharon Fox-Slater
It wasn’t long ago that drones were developed only for military purposes. Today, remotely piloted aircraft systems (RPAS), or unmanned aerial vehicles (UAVs), are mainstream and flocks can be seen flying over local parks and beaches every weekend.But it’s not only enthusiastic families taking to the skies; real estate agents have been quick to adopt the technology. When the first commercial drones came on the scene, early…
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INDUSTRY NEWS
2018 REINSW Awards for Excellence finalists announced
The Real Estate Institute of New South Wales has announced the finalists for its 21st annual Awards for Excellence. REINSW President Leanne Pilkington said it was exciting to see the breadth of talent showcased as finalists for the 2018 awards. “Our awards continue to go from strength to strength, with the best, bravest and brightest that work across the industry…
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Elite Agent
Generation to Generation: Sean Hughes
As a teenager Sean Hughes was a “hustler”. Don’t worry, we’re not talking anything illegal. Just good, common-sense entrepreneurship – with a dash of cheekiness thrown in. After all, you’ve got to have a bit of pluck to save the $12,000 deposit needed to buy your first house when you’re just 16. “I was a little hustler back in the day,” the Realmark Coastal principal…
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SUPPLIER NEWS
London-based startup to give loans based on future house prices
Proportunity, a startup based out of London, aims to help first home buyers with loans based on the forecast future price of their house. The company, started by entrepreneurs Vadim Toader and Stefan Boronea, uses machine learning to accurately forecast property growth, and will soon begin to offer equity loans allowing FHBs to increase their deposit. The UK already has a…
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TECH + SOCIAL
The Future of Work: Special Report
Cloud-based virtual real estate brokerages, offshore labour, and designing and building emotionally and intellectually intelligent buildings will dramatically change the way agents work in the future, experts say. The days of real estate agents existing solely in a bricks-and-mortar office are already dissolving, with US cloud brokerage eXp Realty hitting more than 10,000 agents and uplisting on the Nasdaq Stock Market late last month. The agency…
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INDUSTRY NEWS
Hobart surges as Sydney suffers in new property outlook report
The growing divide between Australia’s property markets has been highlighted again in a new report from realestate.com.au. The latest Property Outlook Report shows that while prices across Australia have risen 0.9 per cent on average, that figure does little to highlight the growing differences between the major capital cities. Data from realestate.com.au and CoreLogic shows that while the Sydney and…
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AREC2018 EA Studio
AREC2018 Feature Interview: Tom Ferry with Claudio Encina
TRANSCRIPT Claudio: Welcome to Elite Agent Magazine. Here we are at AREC 2018 and AREC wouldn’t be the same if we didn’t have our man, Tom Ferry here. Tom, welcome. Tom: Appreciate it, guys. Claudio: Can I just ask you, Tom? Is this your fifth AREC? Tom: So, I figured out this is my fourth AREC. First one was 1991…
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INDUSTRY NEWS
Values continues to trend lower in June as investor activity continues to fall
CoreLogic has released its June home value index results which show, at a national level, values fell for the ninth consecutive month in June, taking national dwelling values 1.3 per cent below their September 2017 peak. The results revealed that Australian dwelling values tracked lower in June, down 0.2 per cent over the month to be 0.8 per cent lower…
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INDUSTRY NEWS
Everything you need to know about changes coming into place from July 1
Federal GST changes for property After July 1 2018 buyers of new residential houses, apartments and land blocks will be responsible for making sure the GST on their purchase is paid to the ATO as part of the settlement process. This GST will not be an additional cost to buyers, it’s already part of any contracted purchase, but prior to…
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INDUSTRY NEWS
New report reveals first home buyer hotspots
Domain has released its First Home Buyers Report, revealing the locations offering the quickest path to purchase (based on time to save a 20 per cent deposit) and the lowest entry prices for first home buyers across Australia’s capital cities. “The report aims to make it easier for home hunters to determine the areas that offer the most promise based…
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Elite Agent TV
National Auction Round Table Part 3: Crucial Conversations
Other videos in this series TRANSCRIPT Steve Carroll: What I’m hearing from the table is there’s never been a time where the need to actually have a conversation, agent to seller, to say, “This is what you need to do. This is the value of your property. This is the strategies you should play.” We all know that agents generally…
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INDUSTRY NEWS
Ray White agents master customer experience at Super Sales Day
The underlying fundamentals of the Sydney housing market remain strong and agents have every reason to be optimistic but they need to change as their customers have changed, according to social researcher Mark McCrindle. Mr McCrindle of McCrindle Research reminded more than 300 Ray White agents at the group’s Super Sales Day – The Modern Customer last week, that they…
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TECH + SOCIAL
Augmented Reality: The Personal Touch by Diana Dugan
How long have you been in real estate? I’ve been in real estate for 10 years. I initially joined local franchise agencies in the Bayside area before starting my own company in 2011. It seems like only yesterday I branched out on my own, with a lot of nerves but also a lot of ideas and determination. How did you…
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INDUSTRY NEWS
2018-19 state budget wrap up: What it means for the property sector
With the majority of states (South Australia will need to wait until September due to their change in government) receiving their 2018-19 budgets, here’s how the property industry fared across the nation. New South Wales The second NSW budget handed down by Treasurer Dominic Perrottet had an aim to tackle transport, health and education projects, but left a lot to…
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Elite Agent TV
National Auction Round Table Part 2: Relationship between Auctioneer and Agent
Other videos in this series TRANSCRIPT Steve Carroll: I want to talk the relationship between the agent and the auctioneer. You know, there’s never going to be a time when that’s more critical. If agents are listening to this or watching this, and we’ll just open this up to the floor, what advice would you give to agents? And I…
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FEATURE INTERVIEWS
Oliver Koltovski: Life of a Salesman
Tell us a bit about yourself and your role at First National Dapto. I’ve been in sales since I was 16, when I started in retail and telecommunications. I gained a lot of experience providing a high level of customer service; it was a great foundation. I then went on to a management role for a national pool and spa…
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INDUSTRY NEWS
Industry reacts to new ABS data showing continued housing finance falls
ABS housing finance figures show a continued fall in home loan lending as the fallout from the banking Royal Commission sets in. ABS data released today shows a 0.9 per cent drop in investor lending and an 0.2 per cent in all lending from the previous month, according to the seasonally adjusted figures from the ABS. While these falls are…
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Elite Agent TV
National Auction Round Table Part 1: Around the Grounds
Other videos in this series TRANSCRIPT Steve Carroll: Why don’t I kick off with, “What’s happening in the market at the moment?” We’ll kick off with New South Wales. What’s happening in the market in Sydney and wider New South Wales? Anybody can attack the question and jump in as you feel fit. Stu Benson: My clearance rate up in…
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Transform
The six principles of persuasion in real estate
Way back in 1984, at about the time Apple was launching its first Macintosh and Michael Jackson’s ‘Thriller’ was dominating the music charts, psychologist Dr Robert Cialdini penned a literary number entitled ‘Influence: The Psychology of Persuasion’. In it, he outlined six principles of why people feel compelled to say “yes”. The book would go on to become a universal bestseller…
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FEATURE INTERVIEWS
From reality to realty: How The Mentor changed Moreton Bay Realty
It’s been a couple of months since Moreton Bay Realty appeared in our lounge rooms as stars of Channel Seven’s The Mentor. The family-owned agency sat down with Elite Agent to discuss the impact of the show on their business, and how they survived reality TV editing. It’s hard to escape the unblinking eye of reality TV in Australia; our…
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Thought Leaders Podcast
Episode 49: Chris Hanley talks the importance of language in real estate
Guest Interview: Samantha McLean talks to First National Byron Bay Director and Principal, Chris Hanley OAM, about adapting and prevailing in changing market conditions, dealing with emotional situations with buyers and sellers, the language of real estate and why being calm at your core is imperative when servicing your clients. ‘Elevate’ is the official podcast of Elite Agent Magazine for…
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INDUSTRY NEWS
Housing affordability improves, while rental affordability declines: REIA
Despite falls in Victoria, South Australian and the ACT during the first quarter of 2018, a new report from the Real Estate Institute of Australia and the Adelaide Bank has found that affordability is improving. The March quarter 2018 edition of the Adelaide Bank/REIA Housing Affordability Report found that the proportion of median family income required to meet average loan…
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