Search Results for: first home buyers
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Elite Agent
Is selling houses online the way of the future?
You’ve heard of selling your pre-loved furniture or clothes on eBay, but would you sell a house through an online bidding process? Recently, our Stockdale & Leggo Ringwood office utilised online offer management system Click & Bid, to sell a home located at 3/7 Fortuna Avenue, Croydon, by private treaty, achieving a result well in excess of the vendors expectations.…
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FRANCHISE NEWS
Coronis Targets Booming Coastal Markets With Two New Offices
Taking the independently owned network to a total of 24 offices across South East Queensland, Sales Director Craig Gillies said the additions were part of the Group’s strategic growth strategy of building 40 offices within the next two years. “Our new Gold Coast office is a joint venture with the Podium Property Group and was a strategic choice for the…
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Real Estate News
First time buyers entering the market but face long battle to save deposit
These are the findings of a national report released today by Bankwest, who note 94,135 properties were bought by first home buyers in the year to August 2017. The figure reflects an increase of 5.6% year-on-year since 2015, and accounts for 14.3% of all purchases recorded from January to August. Noting these were encouraging signs in an otherwise cooling market,…
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INDUSTRY NEWS
Refinance time slashed in WA with new technology
The WA banking industry deadline for a new paperless refinancing era starts from 1 December 2017. It’s the compliance date marking when refinance transactions move online. Home owners looking to refinance, for example, in the event that interest rates rise, will now benefit from faster refinance times. The transactions are completed through Property Exchange Australia’s (PEXA’s) digital platform. Mike Cameron,…
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OPINION
The Sydneysider’s guide to renting; based on RAI findings
Property commentator and valuer Anna Porter looks at the Rental Affordability Index (RAI), released on November 29, and what it really means for Sydney’s renters and prospective house buyers. BAD NEWS, LET’S GET IT OUT OF THE WAY “Firstly, the most curious part of this data is that the only ‘affordable’ location within Sydney catchment shown on the Rental Affordability…
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Brand Editorial
Tom Ferry on the Innovative, Motivated Agent of the Future
TRANSCRIPT Claudio Encina: So, Tom, tell me, you were one of the forefronts in technology. I remember going through all your summits. You were always one of the ones who was predicting the trends and they came true. I remember even that little flip video that you said, “I went to Australia, and I couldn’t find it anywhere. I had…
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FRANCHISE NEWS
First home buyers lead charge as Darwin market bottoms
“In October there was a massive increase in buyers at open homes, and this trend has continued this month, with group numbers more than double those of November 2017, said Glenn Grantham, General Manager, Raine & Horne Darwin. Almost 50% of attendees at open homes are first time buyers, with upgraders and investors making up the balance, said Mr Grantham.…
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Elite Agent
Service wins the accolades for Woodards Blackburn
Woodards Blackburn in Victoria recently took home two awards at the recent REIV awards, for Sales Agency of the Year and in Project Marketing. Woodards Blackburn Director and Sales manager Julian Badenach has been with the brand for 18 years, almost all his working life as an agent. Together with Director Cameron Way, they have grown the team to 12…
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OPINION
Douglas Driscoll’s property market forecast for Sydney in 2018
Douglas has forecasted the following 10 property market trends for 2018: 1. House prices to grow. We saw prices drop slightly at the end of 2015, and we’re seeing this again at the end of 2017 – possible evidence that prices could rebound once more. Overall, I think we’ll see the median house price grow by around three…
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TECH + SOCIAL
The New Web: Anton Babkov
UNDER THE LEADERSHIP OF ANTON BABKOV Siteloft provide website infrastructure for over 500 agencies around Australia. And their research has found that more people visit your site to find out about you, than to find out about your listings. On paper, it makes sense: turn your website into a mini portal and promote current listings to generate more enquiries. But…
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Real Estate News
REA Group names best in the industry at 2nd Annual REA Excellence Awards
Twenty-two winners from across the country were honoured at the second Annual REA Excellence Awards (AREAs) in Melbourne last night, recognising the property and media industry’s best innovators, marketers and community champions. The awards were presented across the categories of Innovation, Service & Marketing Excellence, and Community. This year saw the introduction of the Gold AREA Agency of the Year award…
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Agents need to sharpen communication with vendors in a slow market: Andrew Cocks
As the auction market softens and the gap between vendor and buyer price expectations widens, agents would do well to begin honing their communication skills. Despite some properties continuing to attract bullish prices the 65 per cent Sydney auction clearance rate, which is artificially high through manipulation of listings, and 32 per cent in Brisbane recorded on the weekend, suggests…
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FEATURE INTERVIEWS
James Baker and Adrian Venturi of McGrath Avalon on leadership and resilience
After studying architecture and structural engineering in Manchester, James practiced or a year before spending 15 years in recruitment, which included running the Asia Pacific rim for a business with a $50 million turnover. Real estate combined his passion of structure, architecture, sales and people, and he started his real estate experience during the GFC selling prestige property in Palm…
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Thought Leaders Podcast
Episode 19: Rental searches, How to get property editorial, Better customer experiences, Productivity apps, Rethinking video + Sharks 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. This…
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OPINION
First timers homing in to opportunity: Andrew Cocks
There’s been a predictably mixed response to the release of CoreLogic figures showing another month of declines in Sydney house prices. From some there have been howls that the sky is falling, the boom turned to bust, and the imminent collapse of lives and livelihoods. But there is one group for whom the slow-down we had to have has given…
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SELLING + MARKETING PROPERTY
4 Content Hacks for Property Professionals: Kylie Davis
Content marketing is the new black in real estate and finance. Rather than interrupting thousands of people to boast about how great we are at selling and negotiating, content marketing provides useful information to a carefully targeted audience at the time that is right for them. While the old style focused on transactions, content marketing focuses on creating relationships. The…
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INDUSTRY NEWS
RBA’s seven-year itch: the growing number of borrowers who’ve never experienced a rate hike
Comparison website RateCity.com.au’s ‘Rate Forecaster’ found that 21 of the 23 indicators suggested the RBA would leave the official cash rate at a record-low 1.50 per cent, where it has been since August 2016. It’s now been seven years since the Reserve Bank lifted the official cash rate. RateCity money editor Sally Tindall said it is unlikely the RBA will…
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INDUSTRY NEWS
REIQ wish list ahead of election
REIQ CEO Antonia Mercorella said the election offered voters an opportunity to cast a vote for a candidate who recognises the importance that the real estate sector plays in the state’s economy. “Real estate employs around 50,000 Queenslanders and this makes it of huge significance to the future fortunes of Queensland,” Ms Mercorella said. “Improving the health of the sector…
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National
Titlexchange partners with Assembly Payments to improve cash flow for conveyancers
Gerard Healy, managing director of Titlexchange, says conveyancers often wait up to 90 days to get paid but Titlexchange’s service significantly reduces the payment tail and improves the business’ cashflow. The company create a bespoke solution with payments solutions provider Assembly Payments, which also powers Airtasker, hipages and Carsales. The feature is the latest addition to Titlexchange’s platform, which matches…
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FRANCHISE NEWS
McGrath Report 2018: John McGrath on property predictions and his top suburb picks
In the report, which is an annual assessment of the property market focusing on the Australian east coast but also featuring market analysis on regional cities, Mr McGrath expresses confidence in the property markets of smaller cities and regional areas and dismisses any talk of a bubble. “Sydney and Melbourne have become the ‘New York’s of Australia’. However, the value…
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INDUSTRY NEWS
Stamp duty is a “monster” tax that traps people, says REISA President Alex Ouwens after slow third quarter
REISA President Alex Ouwens said the results were not surprising given the third quarter is a traditionally slow period for sales. The figures showed a slight decrease in the median price from the previous quarter but also showed a 2.27% increase over the same quarter last year. In the September quarter, 4,028 houses settled across the Adelaide metropolitan area which…
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OPINION
The Truth about Clearance Rates: David Holmes
With price growth slowing in Australia’s biggest housing markets, many sellers have been pondering what is the best strategy for a strong sales result. Prospective sellers keenly eye the auction clearance rate as a leading market barometer, and with a bumper volume of properties to go under the hammer this weekend, property pundits will have their opinions on what figure…
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OPINION
First Homebuyers Making the Right Moves: Michael Davoren
The REIA recently reported that first home buyers, as a proportion of total owner-occupiers, are at the highest level since July 2013 and the number of first home buyer home finance commitments is the highest since December 2009. New stamp duty exemptions and concessions in NSW and Victoria began on the 1st of July this year, which were designed to…
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INDUSTRY NEWS
Construction surges, housing turnover falls and auction volumes soaring – CoreLogic Property Pulse
CoreLogic research analyst Cameron Kusher paired annual settled sales data with dwelling counts over time to show that the proportion of total housing stock turnover on an annual basis. Mr Kusher’s analysis found that over the 12 months to September 2017, just 5.0% of the national housing stock transacted; the lowest proportion of stock-turnover since April 2012 when it was…
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INDUSTRY NEWS
Melbourne house price growth moderates as policies show positive impact for first homebuyers
New REIV data shows the metropolitan Melbourne house price recorded its lowest increase in almost two years, up just 0.7 per in the September quarter to $817,000. REIV Acting President Richard Simpson said the moderation was attributable to 44 per cent of all sales in the September quarter being below $600,000. “In the June quarter we saw vendors with houses…
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INDUSTRY NEWS
Adelaide takes investor attention off Melbourne and Sydney
Anna Porter, a property market author, commentator and former valuer who works with first time and experienced investors on building high-performance portfolios, says she is directing clients towards the forgotten state of South Australia. “For the past three years all eyes have been on Sydney and Melbourne as the markets that have been outperforming the national averages. Many suburbs across…
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SELLING + MARKETING PROPERTY
3 Key Home Loan Stats You Can Use to Convert Buyers
There are two types of buyers out there – serious buyers and tyre-kickers. I’m going to show you a little trick you can use to turn some of those wannabes into genuine prospects. Unfortunately, my trick won’t work for compulsive teases – the ones who are tyre-kickers by choice – but it will help you with buyers who are forced…
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INDUSTRY NEWS
First home buyers coming back to the market while investor lending and housing starts are cooling
REIA President Malcolm Gunning said the proportion of first home buyers, as part of the total owner-occupied housing finance commitments, rose to 17.2 per cent and is the highest proportion since July 2013. “The number of first home buyer commitments increased by 14.0 per cent for the month and is the highest since December 2009,” Mr Gunning said. “By contrast,…
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FRANCHISE NEWS
Perth real estate agent holding a 24 hour open home
Ray White City Residential Perth principal Brent Compton will host the marathon open at three brand new East Perth waterfront apartments, kicking off from 2pm Saturday. The high end units range in price from $6.250 million to $8.5 million at 11 Brown St, East Perth. “I am definitely the first Ray White agent to do this in Western Australia,” Mr…
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EPM
Spotlight on Rent Bidding: Sarah Bell
Rental bidding apps have been on our radar for a little while now: think Rentberry, Liveoffer and Rentwolf. In theory, I love what this tech is attempting: A free and open system, rewarding those who compete and are bold. Many welcome the move to a freer economy between landlords and tenants, and while I’m just as big of a fan…
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SUPPLIER NEWS
REA Group partners with NAB to launch home loan service
On realestate.com.au Home Loans, buyers can instantly apply for online conditional approval for a home loan powered by NAB and have their finance information overlayed as they search. Or they can access a panel of more than 30 other lenders through realestate.com.au Home Loans. REA Group and NAB announced a strategic partnership in December 2016 with the aim to create an…
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Real Estate News
Ray White opening in Forest Hill, Melbourne
He believes the timing is right to open in Forest Hill which is undergoing strong renewal. “Forest Hill is undergoing a renewal so the timing is right to open. The market has had a strong run for the last couple of years and Forest Hill is 71 per cent owner occupiers, with many older families looking to downsize,” Mr Francis…
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Elite Agent
Future Tech Horizons – Challenge or Opportunity?
First a prediction: New technologies will add another dimension to property transactions, but the central role of the agent won’t be replaced, says venture capitalist Peter Esho of what he thinks the next decade of real estate will bring. Mr Esho is CEO of Sydney-based private investment firm Esho Ventures, which invests into businesses that may be the next generation…
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INDUSTRY NEWS
Core Logic Home Values September: Sydney capital gains lose steam, rental returns rise
The September results confirmed that dwelling values edged 0.2% higher across Australia over the month, led by a 0.3% rise in capital city values and a 0.1% gain across the combined regional markets. The latest figures take national dwelling values 0.5% higher over the September quarter, which is the slowest rate of quarter-on-quarter growth since June 2016, and national values…
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Thought Leaders Podcast
Episode 8: Free Fridges, AirBnB for first homebuyers, Beating the Interceptors, Marketing Tips and more
Weekly wrap: Samantha McLean and Mark Edwards recap the week that was. ‘Elevate’ is the new 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.…
Read More »