Search Results for: first home buyers
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Real Estate News
Realmark implements Livebid in a first for WA Auctions
Innovative firm Realmark is the first agency in Western Australia to adopt Livebid, a new cloud-based technology that will bring residential and commercial property auctions into the digital age. Developed in Australia, the ground-breaking technology allows agents to electronically record auction bids which are made instantly visible to buyers and sellers, who can track auctions simultaneously, in real-time, from any…
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SUPPLIER NEWS
Algorithm predicts risk or reward of property purchase
Imagine a simple algorithm that could help determine the risk or reward of a property purchase… Well, that’s exactly the new research tool available to property purchasers. Using data and financial modelling, an algorithm from Riskwise Property Review allows buyers a glimpse into the long-term risk or possible reward of a purchase, and the analysis is instant. Riskwise founder and…
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INDUSTRY NEWS
Here’s five reasons not to buy this property
A young rural agent has decided to anti-market a property in Bombala in southern NSW, outlining five reasons any potential buyers should avoid this property. Ray White Rural Canberra and Yass agent George Southwell, 22, shot this video onsite at a property called Crystal View in southern NSW outlining the key reasons the property was not ideal. “I’m going to…
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FRANCHISE NEWS
Harcourts Expands into Key Western Australia Locations
Harcourts Group Australia has continued its expansion in Western Australia with three office openings in key Perth regional areas of Midvale, Wembley Downs and Bullsbrook. The Harcourts Phoenix team will be led by Mike Steadall and will service the Perth Foothills/Hills community, located in the suburbs east of Perth. With over 35 years of experience in sales and marketing at…
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Elite Agent
Josh and Matt Altman: Billion-dollar brothers
Mention the names Josh and Matt Altman, and a room full of real estate agents is sure to tune in eagerly. The Beverly Hills and Los Angeles luxury real estate agents are the stars of reality television show Million Dollar Listing Los Angeles. With the brothers set to tour Australia’s east coast in March, Nikki Horner discovered that behind the…
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Elite Agent
‘Not a buyers market just yet’: More auctions but a mixed outlook for Super Saturday
As “Super Saturday” warms up for 2018, one leading auctioneer is tipping that the previously hot Sydney sellers’ market is actually cooling in favour of buyers. Leading auctioneer, Damien Cooley of Cooley Auctions, says with his team set to put 108 homes under the hammer this Saturday, the significant weekend will set the tone for the year in real estate.…
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Elite Agent
How the Reserve Bank can help you reach out to clients: Sally Tindall
I’ve got an idea that will not only give you a credible reason to contact your database, but also boost your reputation as an informed market leader. Interest rates. The last time the Reserve Bank raised interest rates was back in November 2010. Since then, there have been 12 cuts. Sooner or later, there will have to be a hike…
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FEATURE INTERVIEWS
Holly hits a home run: Holly Komorowski
Holly Komorowski does things differently. Her signboards have ditched the words ‘For Sale’ in favour of ‘Buy Me’, and her ‘Sold’ stickers come in the form of eye-catching hearts with the words ‘#sold.byholly’ standing out boldly. Having won the AREA Residential Property Campaign of the Year award, she talks to Kylie Dulhunty about her unique approach to property marketing. Holly…
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Elite Agent
Negative Gearing: A Balancing Act
Bruce Oliver from Xynergy Realty in Melbourne says that while negative gearing doesn’t necessarily help the affordability for first home-owners, it cannot be scrapped completely. The contentious topic of negative gearing is one that doesn’t seem to disappear, with the biggest question being what to do with negative gearing where housing affordability is an issue that is affecting many. It’s…
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INDUSTRY NEWS
Catapult Property Group Launches Lending Division
Leading property development company Catapult Property Group has launched a new residential lending division to assist first time buyers to enter the real estate market. Catapult Director Dylan Crowe said the Brisbane-based company, which has almost $130 million of residential projects in Queensland and NSW, had created a first home buyer program to enable clients to obtain a home loan…
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FRANCHISE NEWS
Boutique group continues strategic expansion, opens seven offices in 11 months
Boutique real estate group, Starr Partners, will extend its NSW presence with a new Ropes Crossing office opening today. Ropes Crossing is the group’s seventh network addition in the last 11 months, following offices in Glenmore Park, Newcastle, Liverpool, Maitland, Minchinbury and Miller opening in 2017. Starr Partners CEO Douglas Driscoll says the group is focused on strategic network expansion following…
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SUPPLIER NEWS
EAC delivers competitive advantage with Immoviewer 360
The Estate Agent’s Co-operative has announced the internal adoption of the Immoviewer 360 Virtual Reality product technology, allowing to conduct property viewings in Virtual Reality, from anywhere in the world. “Thanks to truly accessible 360 technology, prospects can now experience your properties as if they were really there, but from the comfort of their homes or offices,” says EAC CEO…
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INDUSTRY NEWS
Westpac Annual Home Ownership Report reveals new home buyer trends
Westpac’s 2017 Home Ownership Report reveals first home buyers1 have significantly reprioritised what matters most when searching for their ideal home. The research, commissioned by Westpac in September, surveyed over 1,000 Australian homeowners and first home buyers, and features trend data from the past two years. The latest report demonstrates in 2017 first home buyers are less focused on buying…
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INDUSTRY NEWS
Feb 2018: Interest rates on hold, Industry reaction
The RBA has left the cash rate on hold in their first board meeting for 2018, deciding at their first meeting of the year to leave the cash rate unchanged at 1.50 per cent. RBA Governor Dr Philip Lowe noted while inflation remains low globally, higher commodity prices and tight labour markets are likely to see inflation increase over the…
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TECH + SOCIAL
Say hello to Diana, the real estate agent of the future
Bayside buyers and vendors can now meet face-to-face with Diana Dugan without leaving home, after the Beaumaris real estate director launched the country’s first augmented reality property website. When you log onto dianaduganproperty.com.au Diana, the company director, is smiling back at you from her North Concourse Beaumaris virtual office, ready to lead you through the website with voice recognition technology.…
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Real Estate News
New site showcasing properties without the commitment to selling
Property owners looking to test the market or showcase their home without the commitment of selling have yet another new tool at their disposal, with the recent launch of off-market property website youWish. Launched in late December, the site is gaining traction for owners considering but not yet committed to selling their home. youWish enables homeowners to casually showcase their…
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FRANCHISE NEWS
New Ray White office opens in Marsden
With deep connections in the local community, Avi Khan is excited to be moving into business ownership and opening a Ray White office to service the Marsden community. His business has a new location with a new team of experienced agents and an invigorated approach in Marsden. “I am very active in this community and I am so excited to…
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EPM: News
Weakening investor activity impacts Sydney, but national median price in most captials: Domain
The median house price in most capital cities rose over the December quarter, although different cities continue to record varied rates of growth — according to the December Quarter Domain House Price Report. Weakening investor activity and tightened lending conditions continue to impact Sydney, and although it reported a slight increase over the December quarter, prices in the NSW capital…
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INDUSTRY NEWS
Striking the balance between technology and the personal touch
Technology might be offering a host of potential for the real estate industry, but a new report has found the key to using it successfully is striking the right balance between personalisation and automation. US-based online real estate service Move Inc and their subsidiary software arm Realsuite recently released their report “Shift Happens: How to capture, communicate and close in…
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LEADERSHIP
Big data on track to drive big business in 2018: Lisa Claes
It’s in a fast-changing environment that data really gets the opportunity to shine, says CoreLogic CEO Lisa Claes, with the insights it generates having the potential to deliver true customer value. 2017 was a year of curveballs, contrasts and contradictions. The housing market has continued to deliver for sellers, with capital gains reaching their peak earlier in the first six…
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LEADERSHIP
Real Estate Survivor: The Property Tribe Pyramid
Real estate has always been tribal with the distinctive divides of the numerous exclusive pockets across Sydney. It’s the tribes which exist within each of these areas which unites buyers in a cross-tribal meeting-of-the-minds! With 2018 upon us we are now well acquainted with the ‘changing market’, the boom years of 2015 – early 2017 are yesterday’s hero and some…
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Real Estate News
Your say: Real Estate and Politics – Should they mix?
It was reported in the SMH last week that “real estate agents are pushing PM Malcolm Turnbull to introduce a new ‘property services minister’ to bring the nations multi-billion dollar housing and development industry closer to the heart of government.” The proposal was floated by the REIA, believe that there should be someone in the house of Reps or at…
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Real Estate News
Off to a smart start: realestate.com.au announces artificial intelligence for Amazon Alexa
A decade ago we held the first touchscreen mobile phones tentatively in our hands and now artificial intelligence allows us to talk to computers and for them to answer us. REA Group has launched Australia’s first property news report for Amazon Alexa and Kylie Dulhunty spoke to chief inventor Nigel Dalton about just how AI can, and could, help real…
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Real Estate News
Housing affordability improves for buyers and tenants in WA
A new housing affordability report has found Western Australia is the most affordable state in the country for tenants and home buyers. Only the Northern Territory and the Australian Capital Territory are more affordable. The Real Estate Institute of Australia supported by Adelaide Bank released their latest Housing Affordability Report yesterday, with the findings revealing affordability in WA’s housing and…
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INDUSTRY NEWS
First home buyers benefitting from stable market: REIA
Housing finance figures released by the Australian Bureau of Statistics (ABS) show that first home buyers continue to steadily increase their presence in the housing market, according to the Real Estate Institute of Australia (REIA). “The proportion of first home buyers, as part of the total owner-occupied housing finance commitments, increased to 18.0 per cent in November 2017, the highest…
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INDUSTRY NEWS
Home buyers to be better protected by Australian-first defect bond scheme
Home buyers will be better protected thanks to an Australian first defect bond scheme, Minister for Better Regulation Matt Kean said. The Strata Building Bond and Inspections Scheme (the Scheme), the first of its kind in Australia, provides a structured process to rectify defects early in the building lifecycle. Mr Kean said the new Scheme follows extensive industry consultation, and…
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TECH + SOCIAL
The Rise of Facebook Advertising In Real Estate: Chris Rolls
While the industry is addicted to the reliable stream of buyer leads these real estate portals send them, the downside is that it costs more to market a property online in Australia than many other places around the world. This cost is borne in most cases by the seller of a property, but many agents also claim that the high…
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Real Estate News
New home approvals hit a 15 month high based on strong growth in Victoria
Today’s Australian Bureau of Statistics data shows the total value of Victorian building approvals increased by 28.5 per cent to $4.6 billion in November 2017, and is up 67.2 per cent over the year, the highest level since August 2016. Victoria, Tasmania and WA are the three states showing the largest increases, with Victoria by far showing the strongest growth…
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EPM
EPM: Inspired Goals 2018
BROCK FISHER National Manager, Operational Excellence, Little Real Estate My top goal in 2018 will be continuing to create the world’s best culture. For us, this is more important than anything. We’ve got some ambitious plans that we want to achieve, doing things that have never been done before, so we know we need a super-engaged, agile and customer-centric team…
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OPINION
Don’t let the mainstream media put you off your game
You wouldn’t know it from some mainstream media reporting, but housing affordability is actually getting better, not worse. That doesn’t mean it’s suddenly become easy for first home buyers to enter the market or for buyers of any kind to service a mortgage. All it means is that it’s now less hard. The latest quarterly Adelaide Bank/REIA Housing Affordability Report…
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INDUSTRY NEWS
Stamp duty boosts surplus for NSW Government
The massive surplus of $3.3 billion for the 2017-18 financial year announced today by NSW Treasurer Dominic Perrottet in his half yearly budget update is good news for the health of our State’s economy, yet this government’s reliance on property taxes to boost the budget bottom line is something that must change. “Treasurer Perrottet has announced a massive surplus and…
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SELLING + MARKETING PROPERTY
How to increase your number of listings over the Christmas period: Adam Flynn
By the time December rolls around, many real estate agents have usually started taking their eye off the ball, often assuming that buyers and sellers are more interested in their holidays than they are in their property portfolios. However, the market doesn’t simply shut down just because it’s Christmas, and agents are losing out on a lot of potential listings.…
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INDUSTRY NEWS
Beachfront markets lead growth surge: REIQ
Southeast Queensland’s world-class beaches are driving median price growth for our coastal housing markets, with Noosa reining supreme with 9.6 per cent annual growth, followed by Gold Coast with 7.3 per cent annual growth and Sunshine Coast LGA with 6.8 per cent annual growth to median house prices. REIQ CEO Antonia Mercorella said the growth surge was helped along by…
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Real Estate News
Housing loan affordability improves, first homebuyers flood market: REIA
The September quarter edition of the Adelaide Bank/REIA Housing Affordability Report shows that the proportion of median family income required to meet average loan repayments decreased by 1.2 percentage points to 30.3 per cent. REIA President Malcolm Gunning said first home buyers now make up 24.5 per cent of the total owner-occupied housing market (excluding refinancing). “This is the highest…
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Thought Leaders Podcast
Episode 28: The real estate edition of the Census, Altman Brothers, connecting agents with voice recognition tech, resilience and more
Weekly wrap: Samantha McLean and Mark Edwards recap the week that was. ‘Elevate’ is the official podcast of Elite Agent Magazine for real estate industry sales professionals, property managers, and leaders. Each episode, we will bring you behind the scenes coaching, news analysis, exclusive interviews, technology, and more to help you list more, sell more, and elevate your results. To…
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