Search Results for: first home buyers
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Real Estate News
Ray White New Farm Prepare to Auction “under the stars”
Ray White New Farm’s upcoming Auction Under The Stars, they say, is more than an auction event, it’s a “property buffet”. Now in its fourth year, this year’s Auction Under The Stars will be held on May 30 at 6 pm in the carpark behind Ray White New Farm on Brunswick St, New Farm. This fully catered market expo comes with…
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Elite Agent
Don’t push first homebuyers to the wrong places: Haesley Cush
With the Federal Budget handed down last week, Brisbane Agent and Auctioneer Haesley Cush reflects on the state of the market for first home-buyers I had dinner with an agent this week. She is a young lady in her 20s and she is selling units in the Eastern Suburbs of Sydney. We were discussing the cost of 1 bedrooms apartments…
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Elite Agent
Why should I choose you: Warren Tate
When a property owner decides that they require a real estate agent to sell their home or manage their investment property, they are looking for a professional they can trust, who will add value, provide excellent customer service and communicate effectively every step of the way. Selecting the right agent creates challenges, concerns and sometimes fear in the mind of…
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Real Estate News
Investor housing finance moderating
The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) confirm that finance approvals for investor housing is moderating, according to the Real Estate Institute of Australia (REIA). “The value of investment housing commitments decreased by 0.3 per cent in March 2017 in trend terms. This is down from its 2015 peak,” Malcolm Gunning, REIA President…
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Starr Partners continues rapid growth with new Miller office
Australian boutique group, Starr Partners, have further extended their presence in Sydney’s South West with the opening of a new office in Miller. The move comes as recent CoreLogic Property Research revealed median house prices in the Liverpool region have increased by 9.6 per cent per annum in the 20 years to Dec 2016, making it one of the top…
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Real Estate News
Overview of budget implications for housing and housing affordability: Tim Lawless
With so much debate about housing affordability it was always going to be the case that the 2017 budget included key policies aimed at improving the affordability of housing and addressing some of the systemic issues that have pushed housing prices out of reach for many Australians. At face value, the budget measures present a good attempt at improving housing…
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Elite Agent
The Eight Best Budget Moments from #Budget17: Sarah Bell
The 2017 Federal budget has been mostly received well judging from commentary by property pundits so far. A goldilocks attempt to temper the forces of supply and demand; of foreign investment and affordable housing without causing economic shockwaves. But, Federal Treasurer Scott Morrison or #ScoMo as he is trending was going to have a difficult time pleasing everyone. “The government is…
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Elite Agent
Budget housing measures fair and responsible with some welcome innovation says R&W chief
Scott Morrison’s 2017/18 Budget passes the test for fairness and responsibility whilst offering some innovative opportunities that will support and encourage affordable housing for those most in need, according to Andrew Cocks, Managing Director of Richardson & Wrench, Australia’s oldest real estate group. Mr Cocks said the Treasurer had outlined a number of measures that would directly assist first home…
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Elite Agent
Stamp duty is stopping Australian’s from selling: LJ Hooker
A survey by LJ Hooker has shown that Government charges are dissuading property owners from selling their homes, driving up demand and impacting affordability. The survey of 2,700 homeowners showed 44 per cent of respondents who wanted to sell in 2016 but decided against it, cited transactional imposts such as the stamp duty they would pay on their next property…
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Elite Agent
New Home Approvals Cycling Down
Building approvals data for March 2017, released today by the ABS indicate that residential building is set to slow, according to the Housing Industry Association (HIA). HIA Acting Chief Economist Warwick Temby said “the 13 per cent decline in new dwelling approvals during March (seasonally adjusted) confirms HIA’s forecasts for a slowing in new residential building projects through 2017. “From the record…
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Real Estate News
Affordability Crisis Could Lead to the First ‘Cubby House’ Generation: CoreLogic
The Federal Government has a big task ahead as it prepares to release its housing affordability strategy in today’s Budget after new research by CoreLogic has revealed the affordability crisis has created an entrenched pessimism about high prices and the prospects of future home ownership. The latest CoreLogic Perceptions of Housing Affordability survey showed nearly 90 per cent of non-home…
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Elite Agent
2017 Budget preview – What’s in it for housing: Andrew Cocks
Scott Morrison’s 2017-18 Federal Budget would have to be one of the most anticipated in recent memory. Speculation about its content has generated enormous media coverage, as well as a lot of angst in response to the leaks and red herrings on the subject of housing affordability. It’s all the more remarkable given that the Commonwealth Government has limited means…
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Elite Agent
What to expect from the 2017 Federal Budget (for property people): Sarah Bell
Just like The State of Origin night, Budget night draws a crowd of millions as the nation waits in anticipation to see what plays will be made by the rainmakers in their pin-striped suits….OK, that last bit is a stretch (*total lie)…but this is the hottest budget we have seen for a long time – and mostly because of the…
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Real Estate News
New Biometric Technology to Speed Up Loan Approvals
Property agents should appreciate the flow-on effects of ground-breaking new identity verification technology, based on facial recognition, that is set to streamline mortgage approvals and speed up the whole property transaction process. The solution, being hailed as Australia’s first fully digital verification of identity (VOI) process, is a response to the strict and time-consuming Know Your Client (KYC) identification requirements…
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Elite Agent
Shiny Slums: Three light bulb moments from the RBA Decision
The first Tuesday of every month marks the day when the board of The Reserve Bank of Australia sits down with its coffee and Tim Tams to decide what to do with the official cash rate. It is the RBA’s job to regulate and issue monetary policy to “contribute to the stability of the currency, full employment, and the economic…
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Real Estate News
Capital gains ease and month-on-month growth conditions slow: CoreLogic
Highlights over the three months to April 2017 Best performing capital city: Hobart +5.1 per cent Weakest performing capital city: Perth -2.4 per cent Highest rental yields: Hobart and Darwin houses with gross rental yield of 4.9 per cent and Hobart units at 5.4 per cent Lowest rental yields: Sydney and Melbourne houses with gross rental yield of 2.7 per…
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Real Estate News
First major Airlie Beach development post Debbie kicks off
Airlie Beach is reviving itself as the gateway to the world-renowned Whitsundays and Great Barrier Reef post Cyclone Debbie, with the town once again buzzing and new developments, including One Airlie back on track with construction. With the spotlight firmly on the iconic region and major tourism infrastructure investment now fast-tracked, Airlie Beach is set to boom as Australia’s next…
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Real Estate News
Property Council releases it’s 10 point plan to fix affordability
A proven scheme to help first home buyers bridge the deposit gap and a suite of measures to address using supply are at the centre of the Property Council’s plan “Fixing Housing Affordability”. Broadly, the plan identifies 10 areas to tackling rising house prices: Crank up housing supply, diversity, and choice Make housing cheaper to produce Incentives to spur reform…
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EPM
Matt Lahood: The first 100 days in office (Part Two)
In Part One of this two-part series on Matt Lahood’s first 100 days in office as CEO of The Agency, we looked at his robust agenda for the arena of property sales and transfers. Part two takes a look at why property management, specifically catering to the aspirations of tenants is such a critical path for The Agency. The business…
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INDUSTRY NEWS
Superannuation won’t help first time buyers get into the Sydney & Melbourne: CoreLogic
First-time home buyers expecting to use superannuation savings as a deposit for a property in either Sydney or Melbourne may find both cities way too pricey and would be still locked out from the housing market, CoreLogic research analyst Cameron Kusher has said. Broadcaster ABC recently crunched the numbers and showed that based on the average earnings for a 25…
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INDUSTRY NEWS
Regional areas a draw for established buyers and retirees: Domain
Key Findings Regional resurgence in coastal areas including Tweed and Wollongong, with yearly price growth to date now 13-20 percent Richmond Valley records strongest quarterly growth, up 16.4 percent Median house prices in Dubbo, Orange, Wagga Wagga and Mackay are down over the quarter There are some major market movements in the March quarter and across the calendar year, with…
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FRANCHISE NEWS
RE/MAX Australia Seeks Buyers from China with New Juwai.com Partnership
RE/MAX Australia and RE/MAX New Zealand have announced a new partnership agreement with Chinese portal Juwai.com for full Chinese translation of listings. Whilst RE/MAX listings will continue to be bulk uploaded to Juwai.com in English, the new partnership provides RE/MAX agents and their vendors the option to upgrade individual listings with full Chinese translation and a superior listing rank for…
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FEATURE INTERVIEWS
Matt Lahood: The first 100 days in office
It is the legacy of President Roosevelt that we now watch a new leader’s first 100 days with anticipation. As Matt Lahood joins the prestigious real estate group, The Agency, as their CEO and leader, we asked what the priorities are for his first 100 days in office and how Matt plans to lead the group, under the curious eyes…
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INDUSTRY NEWS
Treasurer’s pre-budget comments considered positive by industry experts
In a key pre-budget address to the Australian Housing and Urban Research Institute, Treasurer Scott Morrison reaffirmed the Coalition’s strident opposition to changing negative gearing tax concessions, plus a drive to increase private investment in the supply of housing. Key points in Morrison’s Address No disruption to current negative gearing policies (as this would come at a cost to renters)…
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Real Estate News
ABS data highlights moderating investor housing finance:REIA
The latest housing finance figures released by the Australian Bureau of Statistics (ABS) on Monday confirmed that funding approvals for investor housing are moderating, the Real Estate Institute of Australia (REIA) said. The value of investment housing commitments increased by a modest 0.7 percent in February in trend terms and decreased by 5.9 percent in seasonally adjusted terms which are…
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INDUSTRY NEWS
Cooling measures do little to stem property demand says REA, prices will continue to rise in April
Queensland concerns – drop in rental demand suggests the market will take time to absorb current supply Demand for rental properties on realestate.com.au hit a record high in March Buyer demand for NSW units weakened in March – affordability issues beginning to impact the state Victorian first home buyer measures have further accelerated demand Cooling measures pushed through by Australian…
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INDUSTRY NEWS
REINSW welcomes changes to give grants for first home buyers to buy established homes
Reports that the New South Wales government is considering changes for first homebuyers including subsidies for the purchase of existing homes, as well as new ones and amendments to stamp duty, is consistent with effort taken by the Real Estate Institute of New South Wales for months on end. REINSW president John Cunningham said the institute had been highlighting the…
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INDUSTRY NEWS
RBA leaves cash rate unchanged at 1.5 percent
The Reserve Bank of Australia (RBA) has decided to leave the cash rate unchanged at 1.5 percent after its monthly meet on Tuesday. RBA governor Philip Lowe said the Australian economy is continuing its transition following the end of the mining investment boom. “Recent data are consistent with ongoing moderate growth. Most measures of business confidence are at, or above,…
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Real Estate News
Liverpool real estate agency merges with Starr Partners
In a statement made by the company on Monday, Liverpool-based Metro Professionals, following a recent rebranding, will now be known as Starr Partners Liverpool. Company director Gavin Belci said the name change comes after it had merged with Starr Partners earlier in the year to future-proof its business further which has been operational for the last 20 years. “Joining Starr…
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INDUSTRY NEWS
Home Values Rise To Unprecedented Levels says CoreLogic March Report
Best performing capital city: Hobart +5.6 percent Weakest performing capital city: Darwin -3.1 percent Highest rental yields: Hobart & Darwin with gross rental yield of 5 percent and Hobart units at 5.6 percent Lowest rental yields: Sydney & Melbourne houses with gross rental yield of 2.7 percent and Sydney units at 3.7 percent Most expensive city: Sydney with a median…
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Transform
Transform 2017 Week 4B Gavin Rubinstein: Mastering the Listing Presentation
Here are the highlights from our Super Six session with Ray White’s #1 Agent in NSW, Gavin Rubinstein. Coach: Gavin Rubinstein Key Points Have belief in the value you are bringing to your prospective vendor. Be the ‘specialist’ who understands the vendor’s situation before diagnosis (1st meeting: questions, 2nd meeting: proposals) Quote “Motivation is the key ingredient to creating a sale…
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INDUSTRY NEWS
NSW state government still has its work cut out, says Property Council
Despite the good work, the New South Wales (NSW) government still has its work cut out for them when it came to all things housing, Property Council of Australia has said. The council’s executive director Jane Fitzgerald said the government should be congratulated for strong economic growth, infrastructure investment and a renewed focus on the regions, yet housing affordability, a…
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INDUSTRY NEWS
Bob Wolff gives his take on the challenges facing real estate businesses today
Bob Wolff, one of the very first speakers from the first AREC is due to return for AREC’s 20th Anniversary, providing more tips and strategies to achieving superstar success. Bob Wolff from the US was the very first speaker at AREC in 1997 where he shared his strategies that have become the foundation for many real estate agents in Australia…
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Transform
Transform 2017 Week 3A Kylie Davis: What Buyers Really Want, Creating Constant Referrals
Here are the highlights from our Super Six session with CoreLogic’s Head of Property Services Marketing, Kylie Davis. Coach: Kylie Davis Note: You can download a copy of the Buyer Perceptions of Real Estate Agents report here. Key Points The relationship between agents and buyers in statistics The importance of buyer care How to keep creating constant referrals Quote “25% of…
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Elite Agent
Housing affordability – a simple problem with a complex solution: Rob Ward
The exponential growth of median prices in our capital cities over recent years has seen the issue of housing affordability permanently embed itself in the headlines. It’s a hot topic for consumers, the property industry and governments alike. Di Jones Real Estate CEO Rob Ward asks: how will future generations ever afford their own homes? “Housing out of reach”, “The…
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