Search Results for: first home buyers
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Elite Agent
Memo to the property industry: Get Ready for ‘Golden Week’ starting Jan 28
Despite the restrictions, there is still interest among the Chinese buyers wanting to purchase properties in Australia and most do so during Lunar New Year holiday period which starts from January 28. The celebration also marks the start of the period known as Chinese Lunar New Year Golden Week where Chinese workers often take holidays and head overseas some for…
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INDUSTRY NEWS
Domain Rental Price Report: December Quarter 2016
House rents have increased in most capitals, with the rental market outlook looking positive for investors – according to the December quarter Domain Rent Report. Median house rents increased in Sydney, Melbourne, Brisbane, Adelaide, Canberra and Hobart. The resource capital of Perth continued to remain the clear exception to the trend, with high vacancy rates and rents continuing to fall.…
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INDUSTRY NEWS
New NSW Premier to prioritise housing affordability, industry reacts
Just hours after being elected as New South Wales (NSW) 45th Premier, Gladys Berejiklian has vowed to address the much-touted housing affordability crisis and has made that her top priority while in government. “I want to make sure that every average, hard-working person in this state can aspire to own their own home,” Berejiklian told a media conference after being…
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Elite Agent
Increase to First Home Owner’s Grant and New Mine for WA: Hope for property market
WA’s State Government announced a $5.6 billion iron ore mine for the Pilbara Region, and combined with an increase in the First Home Buyer’s Grant, bringing the grant to $15,000, WA’s property market may have just the stimulus it needs to strengthen again. Perth-based Nicheliving, a real estate and property management company director Ronnie Elhaj said the $15,000 grant…
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Real Estate News
Super Sales Week for Ray White Coming Up on the Gold Coast
The Gold Coast property market looks as though it will be painted yellow in the final weeks of January with five of Ray White’s most prominent businesses conducting around 200 auctions in a nine-day period. The auction season kicks off this weekend with the Ray White Gold Coast South Network holding 38 auctions on 22 January at Twin Towns in…
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Elite Agent
Five in Five: Five tips from #icny17 day2
Some notes from Sam’s Five in Five from #icny17 – Day 2 On day two we looked at the concept of saving and compressing time in real estate as we expect other transactions in life to be similarly compressed. Here are five technology trends we saw at Inman on Day 2 Taking home inventory/creating home logbooks. Similar to the concept of…
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Elite Agent
Buyer Perceptions: How Do Your Clients Rate You?
One of the greatest stories real estate agents tell themselves is that buyers and sellers are two different types of customer who need to be treated differently. But agents who ignore buyers to focus on vendors they can pitch to in the short term could be reducing their leads by as much as 75 per cent. The new Buyer Perceptions of…
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INDUSTRY NEWS
Sydney and Melbourne records lower sales this year: REA
Highlights of REA Group Property Demand Index Report for December 2016: National demand for property dropped by 6.6 percent on realestate.com.au in December, down from peak levels recorded in October and November. Victoria had the largest decline over the month, as demands dip for both houses and apartments. New South Wales (NSW) followed closely, possibly suggesting that the housing boom…
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INDUSTRY NEWS
EP&A Act undergoes proposed amendment as a way to boost housing supply in NSW
The Property Council of Australia (PCA) has welcomed New South Wales (NSW) state government’s move to amend the Environmental Planning and Assessment Act 1979 (EP&A Act) as a way of boosting housing supply and therefore affordability. PCA NSW executive director Jane Fitzgerald said the amendments were needed because a better planning system would help increase supply and make buying a…
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INDUSTRY NEWS
Stamp duty breaks for older empty nesters will help solve second home buyer dilemma
A stamp duty break for empty nesters aged over 70 could ease housing affordability stresses in Sydney and Melbourne, according to Angus Raine, Executive Chairman, Raine & Horne. “The national housing debate focuses mostly on first home buyers, and with good reason given climbing real estate values combined with an ongoing shortage of new homes,” said Mr Raine. Sydney housing…
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INDUSTRY NEWS
REIQ urges Queensland’s state treasurer to expand first-home grants to include established homes
The Real Estate Institute of Queensland (REIQ) is lobbying hard to have the state’s first home owners’ grant extended to include built homes in regional areas where growth has been slow since the mining downturn. REIQ chief executive Antonia Mercorella in a strongly worded letter to Queensland State Treasurer Chris Pitt believes that the expansion of the grant to include…
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Elite Agent
Domain named as one of the Best Apps for 2016 on Google Play Store
Domain has been named one of the best apps for 2016 by the Google Play store. The list, curated by the Google Play team, features the most innovative, share-worthy, downloaded and useful apps of the year. Domain was included in the ‘Best Local’ apps category which also included UberEATS, Citymapper, Carsales and Weatherzone. The app has earned a customer rating…
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INDUSTRY NEWS
Stamp duty a significant cost barrier for Sydney and Melbourne markets: CoreLogic
Higher priced properties in Sydney and Melbourne is not the only obstacle stopping people from entering these markets. Varying from state to state, another factor contributing to the high entry cost to housing is Stamp Duty, particularly in Australia’s largest two capital cities. CoreLogic Head of Research Tim Lawless said, “Calculating how much stamp duty is applicable on a property…
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INDUSTRY NEWS
WA housing affordability shows notable improvement over the year
Housing affordability in Western Australia experienced a minor decline in the September quarter, but has improved over the year, according to the latest Housing Affordability Report by the Adelaide Bank and Real Estate Institute of Australia. REIWA President Hayden Groves said the report showed that while the proportion of income required to meet loan repayments in WA had increased by…
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Elite Agent
List Sell Negotiate 2016 Takeaways: Craig Fine
Maintaining a hunger for learning is what sets apart the great agents in our industry. We asked Craig Fine from Sydney Sotheby’s International Realty to be our roving reporter at Josh Phegan’s List, Sell, Negotiate. Here he shares his top 10 takeaways from the event for agents, like himself, who are starting out but have a passion to achieve. 1.…
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Elite Agent
Precision and Personal Branding: Sonya Treloar
This year, she was ranked number four on the international list, made the A-List for the third year running and was also inducted into the exclusive Ray White Chairman’s Club; proving age, gender and being authentically who you are do not create barriers to success in real estate. Story by Samantha McLean. Starting her real estate career in real estate in…
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INDUSTRY NEWS
Historically low rates unable to offset increasing mortgages: REIA
The Real Estate Institute of Australia (REIA) says that in the September quarter of 2016, housing affordability in Australia declined marginally with the proportion of the median family income required to meet average monthly loan repayments increasing to 29.5% from 29.4% in the previous quarter. REIA President Neville Sanders says, “The latest Adelaide Bank/REIA Housing Affordability Report shows that whilst…
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NSW Real Estate News
Property Market Forecast, Sydney 2017: Douglas Driscoll
Sydney’s property market could be set for change in 2017 according to Douglas Driscoll, CEO of award-winning real estate group Starr Partners. Read his forecasted market trends for Sydney for 2017. Rate hikes on the horizon. There are already conversations bubbling over a possible rate rise in 2017 and I can almost guarantee that the banks will increase rates again…
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Elite Agent
Capital city values rise as cycle clicks over 4.5 years of growth, CoreLogic November Index
The CoreLogic November Home Value Index results released last week released showed a rise in dwelling values across most capital cities, however, CoreLogic Head of Research Tim Lawless has noted that it is the ‘softest capital city result since December 2015’. Throughout November, capital city dwelling values rose by 0.2%. While the headline results remained in positive growth territory, the…
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Elite Agent
1 in 4 mortgage holders ‘extremely concerned’ about rate rise, new research finds
On the back of yesterday’s OECD recommendation that the Australian Reserve Bank increase interest rates next year, new research from Australian Credit Bureau, Experian, has revealed that a quarter of Australian mortgage holders are extremely concerned about the impact a potential 1.5% interest rate increase would have on their ability to service their loan. The RFi study of over 1,500…
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INDUSTRY NEWS
REIA welcomes Government decision on change to FIRB rules
Following industry representation the Government has announced changes under the foreign investment framework to allow foreign buyers to purchase an off-the-plan dwelling when another foreign buyer has failed to reach settlement on it. Previously, the on-sale of an off-the-plan apartment was regarded as a second-hand sale, which was not open to foreign buyers who are only able to buy new…
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Real Estate News
Sydney real estate boom drives R&W Hunter expansion
The surge of Sydney buyers forced out of Sydney in the hunt for value and affordability is changing the face of real estate in regional NSW. Richardson & Wrench today (November 25) adds a second Hunter Valley independent to its network, with the signing of Thomas Real Estate, a third generation family real estate business in the growth region of…
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Real Estate News
Domain Opens the Doors to it’s New Home in Sydney
The new home of Domain, located in a historic former woolshed at 100 Harris Street, has been fully converted into a stunning workspace for the growing team of more than 360 in Sydney. The new space has been designed with its team at the forefront, creating a space that is set to encourage and inspire the team culture at Domain.…
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Real Estate News
realestate.com.au partners with Tendril to provide Energy Scores for Australian properties
realestate.com.au last Friday launched Energy Scores, which will give properties in Australia their own energy efficiency rating. The tool will give property seekers an indication of how energy efficient their next home could be. And for homeowners, it allows them to better understand energy usage, associated costs and where they could potentially reduce their energy expenditure. To create Energy Scores,…
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Real Estate News
Meriton preparing a pre-xmas triple treat
Australia’s apartments pacesetter, Harry Triguboff, is paying no attention to talk of a Sydney market slowdown by unveiling his Meriton group’s plans to release three new projects, collectively worth more than $1 billion, before Christmas. The projects are in Dee Why, Rosebery and Mascot and they are coming on to the market on the heels of Mr Triguboff launching the biggest…
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Real Estate News
Ray White welcomes new franchisee in Bowral, NSW
One of the Southern Highland’s most dynamic sales agents has joined forces with one of Australia’s biggest real estate brands, opening Ray White Bowral. Gene Fairbanks and his wife, Jemima unveiled their Ray White business on 4 October. “We’re a family business so joining a family-led brand was a natural fit for us. Through Ray White, we’ll be able to…
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INDUSTRY NEWS
Whose Depreciation Claim Is Top Of The Block?
Which apartment on Channel 9’s 2016 season of The Block is going to be the most appealing to potential investors? EPM regular, Bradley Beer from BMT Tax Depreciation and his team have run the numbers and share their analysis. Here are the key points: It looks like investors could claim an average of over $2.2 million in depreciation deductions for…
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Elite Agent
Are Buyers Harder to Please than Sellers?
Core Logic RP Data have just released their Buyers Perceptions of Real Estate Agents 2016 report and it provides some interesting reading. A companion to the 2015 Vendor Perceptions of Real Estate Agents, the report delivers key insights into how buyers rate agents in terms of quality of service and value. Here, Kylie Davis gives an overview of key findings from…
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Elite Agent
Four Ways to Attract the New iAgent
With many real estate principals in their mid-fifties, it stands to reason that when hiring new agents they go for older, more experienced candidates. Glenn Curran shares another statistic that may encourage business owners think differently – the ‘iAgent.’ By 2020, half of the global workforce will have been born after 1980, according to PwC. Integrating this younger generation – known…
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Elite Agent
Technology Toolkit: Kaitlyn Hoppe
Kaitlyn Hoppe has a drive to succeed and passion for property that are in her DNA. With both parents in real estate, she started showing an interest in the field at a young age and still has high ambitions. From the Ray White Bulimba office on the Gold Coast, Kaitlyn’s creative and innovative approach to selling property, along with top…
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Elite Agent
Focus on real-time, transparent social engagement: Jason Ballo
“Go live or go home” could be the online mantra for Jason Ballo from Raine & Horne Surry Hills. Having embraced the real-time and very transparent world of Facebook Live, Jason is focussed on providing an authentic way for customers to see what his team does and how they do it. 1. What is the key way your brand differentiates…
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Real Estate News
First Home Owner’s Grant fails to help regional QLD, says REIQ
The Queensland Government’s First Home Owner grant, which was recently boosted from $15,000 to $20,000, has provided limited support where it is needed most – regional Queensland’s established housing market. REIQ CEO Antonia Mercorella said while the grant was welcome as a tool to help first-home buyers get into the market, it did not deliver help where it was needed…
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Elite Agent TV
CoreLogic: Housing Market Update, October 2016
Watch CoreLogic’s Housing Market Update for October. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of September, released October 2016. Presented by Tim Lawless, Research Director at CoreLogic. Here are some of the September Highlights, plus the October Outlook, according to Tim Lawless, Head Researcher Values in September – the headlines…
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Real Estate News
Home in NZ to go under the Hammer for $1 in online auction
A four-bedroom home in Bethlehem, Tauranga NZ, is about to go to online auction with a reserve of $1. The property’s agent, Rodney Fong, explained that the rock-bottom reserve price was intended to increase exposure for the property. The strategy has worked so far, with coverage of the sale in the NZ Herald and Stuff.co.nz. And, everything else going to…
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Real Estate News
2016 REINSW Awards for Excellence winners celebrated
Real estate’s top performers have been celebrated at the 2016 Real Estate Institute of New South Wales Awards for Excellence Gala Dinner. REINSW President John Cunningham said 21 awards were presented across all facets of the industry including innovation, community service, residential and commercial professionals, as well as rising stars and auctioneers. “Our prestigious awards have been taken out by…
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