Search Results for: first home buyers
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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.…
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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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