Search Results for: first home buyers
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Real Estate News
Are Golden Week holidays still as lucrative as they were in the past?
Golden Week holidays are important but less than they were in the past, suggests Carrie Law, the CEO of Juwai.com. The Chinese international real estate website said Golden Week has an impact on Chinese international real estate buying, but it is overstated by marketers. Golden Week is a week of public holiday in China during the first week of October…
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FRANCHISE NEWS
Home loans more affordable than they were a year ago: PRDnationwide
New South Wales New South Wales’ home loan affordability has increased by 3.7% over the past 12 months, to 27.7 index points. Although still the lowest index reading compared to the rest of Australia, its affordability growth is on par with Queensland (3.6%). A key finding for New South Wales is in relation to potential future demand for residential real…
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FRANCHISE NEWS
RE/MAX reveals refreshed branding with digital in mind
The bold new presentation of logos, wordmarks, international signs and the iconic RE/MAX Balloon was released at the San Francisco Broker Owner Convention in August; and the same month, delegates at the RE/MAX Asia Pacific Convention on the Gold Coast, Queensland got to sample the refreshed brand for themselves. Since then, RE/MAX Australia and RE/MAX New Zealand have focused efforts…
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FRANCHISE NEWS
Driven to Success: Michael Willems
Superstar agent Michael Willems can boast being the first agent in the Ray White Group to reach over $1 billion in settled sales. But he never would. It’s not his style. It’s simply not in the DNA of the 47-year-old agent from the powerful Ray White Surfers Paradise Group to show off. The hallmarks of Willems’ success are the fact…
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FRANCHISE NEWS
Maatouks Realty rebrands to Raine & Horne Narellan
Lawyer and entrepreneur Peter Maatouk has launched Raine & Horne Narellan in the heart of Sydney’s Macarthur region. Mr Maatouk, who is the principal of Maatouks Law Group that has offices in Narellan, Liverpool, and Penrith, has been delivering general practice and property law services since 1993. The firm launched a mortgaging broking business in 2000 and Maatouks Realty in 2007. “As…
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Elite Agent
Josh Pyatt: 8 dollar-productive activities to help you get the listing
I always encourage agents at any stage of their career to meet as many people face-to-face as possible, because that is the nature of our business. The more face-to-face interactions you have with buyers and homeowners, the more business you will generate. Sitting at a desk making a few hundred calls a week is pointless unless you’re getting out there…
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SUPPLIER NEWS
Airtasker founder launches ‘LinkedIn for real estate’ platform Soho
Soho is a property network and app that makes properties discoverable and to help manage everything about property, from storing files to chatting to an agent or property manager. Describing the platform like ‘LinkedIn for Property’, he says, “The big difference with what we are doing as opposed to other startups is we work closely with the industry to bring…
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Elite Agent
Know Your Customer: Using Data to Build Trust and Advocacy
In a notable change in direction to the spiralling property values of late, the latest CoreLogic data has revealed a 1.1 per cent drop in dwelling values across five capital cities in the past quarter, with Sydney down further at 1.6 per cent. It’s only a small decline. But at a time where housing affordability challenges, home loan interest rate…
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Thought Leaders Podcast
Episode 3: Real Estate Awards, Virtual Reality, Storytelling, Knob turning and Anniversaries
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.…
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Real Estate News
WA State Budget a positive for property investing, say Momentum Wealth
The WA Labor government have delivered their first state budget, and as Treasurer Ben Wyatt and Premier Mark McGowan have previously indicated, the burden of amending the State’s financial situation will be indirectly shared by all West Australians. However, from a property investment perspective, the budget was relatively positive as there were no direct increases to property costs for residents…
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Real Estate News
Government Policy Drives First Home Buyers
“First Home Buyers are returning to the market in NSW and Victoria off the back of enhanced Stamp Duty concessions in these markets,” stated Tim Reardon, HIA’s Principal Economist. “In July 2017 – the first month that these concessions took effect – the volume of First Home Buyers in NSW jumped to its highest level since 2012, increasing their share…
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Real Estate News
One third of parents helping children buy a home
The new research from financial comparison website Mozo reflects the difficulty first home buyers have in taking their first step onto the property ladder. Parents lent a collective 65 billion to their children to assist with their property purchases, with 67 per cent of parents not expecting a repayment. On average, parents lent $64,206 to their children. Mozo director Kirsty…
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INDUSTRY NEWS
Housing loan affordability declines, rental affordability improves.
The latest REIA Housing Affordability Report found the proportion of median family income required to meet average loan repayments increased by 0.2 percentage points to 31.4 per cent. REIA President Malcolm Gunning said at the same time, the total number of loans and the number of loans to first home buyers increased by 9.6 per cent and 14.0 per cent respectively,…
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FRANCHISE NEWS
Barry Plant Croydon under new leadership
Matthew has been the director Of Barry Plant Lilydale for 11 years and takes over ownership of Barry Plant Croydon in the neighbouring suburb from Geoff Thompson, who has owned and operated the office for almost 30 years. Geoff will still be involved in the business through the rental department. Matthew said he jumped at the opportunity to buy Barry…
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Real Estate News
Harcourts Walk A Mile in Their Shoes 2017 Raises $100,000
Although the sight of men in business suits walking in women’s high heels turned a few heads across Australia’s major cities on September 1, their public display was to support the very serious issue. Raising awareness on the issue of violence against women, The Harcourts Foundation organised over 800 Harcourts staff, family, friends and supporters, and raised $100,000 to support…
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TECH + SOCIAL
Putting Some Spring into Your Marketing
1. YOUR PROFILE AND HEADSHOT Authenticity is key here. There’s nothing worse for a prospective client to read or see your profile and find it doesn’t match the person they meet in real life. Worse still, your information is not current or up to date. Take time to review and identify your value-add proposition to prospective clients, including: What is…
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FRANCHISE NEWS
Stockdale & Leggo Expands into Footscray
With over 10 years’ experience across sales in the Melbourne real estate industry, Stockdale & Leggo Chief Operating Officer Anna Thomas believes new franchisee Anil Salimeda is an excellent addition to the Stockdale & Leggo group and their expansion into in the Footscray area. “Footscray has been on our agenda for some time now and we’ve been waiting for a…
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FRANCHISE NEWS
Raine & Horne predicts strong spring selling season for NSW regional markets
Angus Raine, Executive Chairman of Raine & Horne, said these towns offer lower house prices and better rental returns than Sydney properties. “The much-hyped growth in Sydney’s median dwelling price – which has risen almost 16% in the last 12 months to $856,000 – is driving demand for property in some of NSW’s major regional cities,” Mr Raine said. “Towns…
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FRANCHISE NEWS
McGrath tips Geelong as a strong performer this Spring Office reports upturn since joining the brand
McGrath Founder John McGrath said Geelong is well positioned for growth with many new Government departments and infrastructure setting up in the CBD, which is driving demand for residential property. “Geelong is becoming a hub for many medical, tech and government organisations, which has been a very positive economic driver for the area,” said Mr McGrath. McGrath Geelong Co-Principal David…
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INDUSTRY NEWS
New Home Sales Continue to Ease from Record Highs
“July’s result was driven by a 15.7 per cent decline in multi-unit sales and a more measured reduction in detached house sales. The large drop in multi-unit sales this month is in contrast to strong sales volumes late in 2016 and early 2017,” outlined Mr Reardon. The HIA New Home Sales report – a monthly survey of the largest volume…
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INDUSTRY NEWS
Perth’s 10 cheapest suburbs within 10km of the CBD revealed
REIWA President Hayden Groves said there was great opportunity for Perth home buyers close to the city. “Buyers in Perth really are in an enviable position. It’s unheard of in other parts of Australia, particularly in Sydney and Melbourne, for buyers to be able to purchase a house close to the city for less than $530,000. “We are very lucky…
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Real Estate News
Corelogic launches new generation Hedonic Index
CoreLogic, has launched its new-generation Hedonic Home Value Index using updated methodologies and processes to provide insights into housing market conditions across the regions of Australia. The upgraded Index, which will continue to be published on the first business day of each month, combines a property’s key attributes, such as land area, number of bedrooms, bathrooms and car spaces, with…
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INDUSTRY NEWS
Affordable housing south of Perth is key to real estate turnaround: Raine & Horne
That’s according to Craig Abbott, General Manager WA, Raine & Horne, who says the availability of affordable homes south of Perth with good rental yields will assist in getting the market back on track. “There is plenty of news suggesting that Perth’s real estate market is in a rebalancing phase,” Mr Abbott said. “I think it’s too early to call…
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FRANCHISE NEWS
Ray White wins Top Franchise Group in WA at REIWA.COM Awards
More than 700 real estate professionals and guests attended the 2017 reiwa.com Awards Ball at Crown Perth on Saturday night, which celebrated WA’s leading real estate agents and recognised them for their achievements in 2016-17. Ray White WA chief executive officer Mark Whiteman said he was delighted his network won the top honour at the esteemed REIWA.COM awards. “This is…
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OPINION
Common misconceptions debunked about the overseas investor: Ivan Tandyo
It’s hard to deny that house prices in Melbourne and Sydney are through the roof. And it’s not uncommon to hear people blame the government’s ‘relaxed’ rules for foreign investment in Australia. And more often than not, overseas investors are misunderstood and seen as purely negative. People are quick to make assumptions and get angry about foreigners’ local property purchasers…
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OPINION
Seeing red over bank blacklists: Andrew Cocks
Planning for population growth in our capital cities is no easy task. There will always be entrenched opposition to change particularly when the benefits to many have to be balanced against the costs to a few. As Australia’s population has grown, and the shift to the cities become more pronounced, we’ve had to adjust what it means to achieve the…
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BEST PRACTICE
Kondo: The Joy of Decluttering
Kondo says tidying must happen before moving house. Not only does a well-maintained home become more attractive to buyers, but it also helps clients find their next perfect home based on what they really need to take with them. After reading Kondo’s best-selling books, The Life-Changing Magic of Tidying and Spark Joy, I’ve condensed her main principles into five steps that…
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INDUSTRY NEWS
Recent Slump in Investor Mortgage Demand Slowed in June 2017
In June 2017 there was $33.3 billion worth of housing finance commitments which was 0.8% higher than the previous month and 2.9% higher than June 2016. In June 2017 there was $20.7 billion in housing finance commitments to owner occupiers with a further $12.5 billion to investors. The total value of owner occupier housing finance commitments was 0.3% higher over…
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Real Estate News
First Home Buyers Returning to Housing Market
“The proportion of first home buyers, as part of the total owner-occupied housing finance commitments, increased to 15.0 per cent and is the highest since February 2014. The number of first home buyer commitments increased by 1.6 per cent for the month, following a 28.9 per cent increase the previous month and is the highest since October 2014, ” REIA…
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Real Estate News
REIWA calls for tax reform in 2017-18 State Budget
In its 2017-18 pre-budget submission, REIWA has cautioned the Treasurer against targeting the property sector with increased taxes, recommending they introduce incentives for first home buyers of established properties and seniors over the age of 65 to help raise much needed funds for the State. REIWA President Hayden Groves said this was not the time to consider raising property taxes,…
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SUPPLIER NEWS
view.com.au launches new Property Price Estimates tool
In preparation for the upcoming spring selling season, view.com.au (formally known as realestateview.com.au) have launched a new data-driven portal that will empower buyers, sellers, and renters by giving them access to detailed property insights. The new portal features an insights tool called Property 360, which includes over 10 million properties that allows people to track the value of their home, calculate…
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OPINION
Scare mongering the enemy of first home buyers: Andrew Cocks
The many measures adopted to encourage more first home buyers into the property market have so far failed to produce the upswing that everybody had hoped for, leaving many to wonder if there is a solution to the declining rates of home ownership. But put yourself in the shoes of those contemplating the big step into a lifetime mortgage and…
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Real Estate News
RBA leaves rates on hold in August 2017
In his statement, RBA governor Dr Philip Lowe expressed a degree of concern about the impact a stronger Australian dollar is having on economic activity. The Australian dollar exchange rate remains at above 80 US cents. “The higher exchange rate is expected to contribute to subdued price pressures [inflation] in the economy,” Dr Lowe said. He also commented on the…
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INDUSTRY NEWS
CoreLogic home value index shows house prices jumped 1.5 per cent across capital cities in July
Melbourne house prices jumped 3.1 per cent in July and have been the key driver in the 1.5 per cent increase in combined capital city dwelling values for the month. CoreLogic’s latest home value index shows house prices rose in Sydney by 1.4 per cent, while Canberra prices jumped by 2.4 per cent but fell in Brisbane (-0.6%), Perth (-1.3%)…
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Real Estate News
REISA market update second quarter 2017
Following the release of the Valuer-General’s median house price data for the 2017 July quarter, REISA CEO Mr Greg Troughton said that sales were up across the entire State with metropolitan Adelaide recording a solid 6.9 per cent increase in sales over the last three months. “It is fantastic that sales have soared in the June quarter and this just…
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