Search Results for: first home buyers
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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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Elite Agent
7 Habits Of Highly Successful Agents: Kylie Davis
Indeed, with just 14 per cent of buyers rating their agent experience as excellent, it makes a lot of sense to identify the practices that facilitated outstanding buyer experiences as it is these agents who really stand out and have a competitive advantage. Here are the behaviours guaranteed to facilitate happy buyer journeys. 1. Be knowledgeable Knowing what you’re selling is…
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Real Estate News
Crowdfunding opens the door to Australia’s property market
Lead researcher, UniSA’s Dr Braam Lowies, says the groundbreaking study assesses individual investor motivation and appetite for crowdfunding and its potential as an alternative investment vehicle for entering Australia’s tenuous property market. “There’s a lot of debate about the current state of Australia’s housing market, and its inaccessibility, especially first-time homebuyers, who lack foundation capital get their first home,” Dr…
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INDUSTRY NEWS
First Home Owner Grant discriminates against buyers wanting to enter the established market
REIWA President Hayden Groves said first home buyers who wanted to buy an established home were being discriminated against and as a result were finding it increasingly difficult to enter the WA property market. “Housing affordability remains a significant issue for many West Australians. We should be making it easier for all first home buyers to enter the market, not…
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Real Estate News
Sotheby’s International Realty opens first office in Hobart, Tasmania
Tasmania Sotheby’s International Realty will provide premium residential and lifestyle real estate services throughout the state. The company’s first Tasmanian office has just opened its doors on Hobart’s waterfront, with an additional office servicing the north of the state due to open by 2019. With the addition of this Hunter Street-based office, led by Managing Director John Huizing, Sotheby’s International…
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Real Estate News
Coronis partners with Diakrit to provide state-of-the-art property marketing
Queensland super group Coronis has launched state-of-the-art marketing software across their 22 offices across the state in partnership with digital real estate marketing company DIAKRIT. The technology allows clients to interact with online listings using tools including magazine quality photography, virtual reality plus 2D and 3D floor plans, allowing potential buyers to “mentally move in” and engage with the property.…
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Elite Agent
Bitcoin and Blockchain in real estate – is this the future?
It’s not just real estate, but many industries over the next few years will feel both gain and upheaval due to innovations in technology. In particular, banks and the real estate sector currently have their eyes on crypto-currency (Bitcoin and The Blockchain) and the potential it has to change traditional business models. A significant example happened last week, with ANZ…
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Real Estate News
Melbourne market sees solid June quarter growth: REIV
The cold weather hasn’t dampened Melbourne’s property market with the citywide median house price increasing for the fifth consecutive quarter. New REIV data shows the metropolitan Melbourne median house price rose 2.9 per cent in the three months to June 30, to $822,000. The city’s middle and outer suburbs were the main growth drivers in the June quarter with both…
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Real Estate News
Ray White reports increase in results for June 2017
Ray White this week released the White Paper which reflects on annual results and reported a total of $4.3 billion in sales across the Group for the month of June 2017. This result is a 20 per cent increase on last June’s results, which is notable given that June is normally a slower month and there was plenty of distraction last…
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INDUSTRY NEWS
Investor housing finance on downward trend
Finance approvals for investor housing are on a downward trend, according to the latest housing finance figures released by the ABS. The value of investment housing commitments decreased by 1.5 per cent in May in trend terms. This follows a fall from April 2017 and is well down from its 2015 peak. REIA President Malcolm Gunning said the May figures…
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Real Estate News
New home and first home buyer lending bounces up in May
First-home buyers have come back into the market, according to ABS housing finance data which shows new home lending increased in May this year. The ABS has released the Housing Finance data for May 2017, which shows new home lending increased during that month. Housing Industry Association’s principal economist Tim Reardon said lending to first-home buyers coincided with an increase…
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AREC2017 EA Studio
Feature Interview: Fiona Blayney with Sarah Bell
Transcript: Sarah Bell: Welcome to the Elite Agent couch, Fiona. Fiona Blayney: Thank you very much, Sarah. Sarah: Talk to me about how our sales agents can just get more listings from their property managers. Fiona: Look I think the first thing is forget the notion that property management is in one side of the room and sales people are…
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Elite Agent
Tradition and Innovation: Toop&Toop Real Estate
Toop&Toop Real Estate, one of South Australia’s leading real estate agencies, has been recognised with three major awards at the 2017 Real Estate Institute of Australia (REIA) National Awards for Excellence in Canberra. From humble beginnings, this family business has gone from strength to strength since its inception in 1985. Sisters Suzannah Toop, CEO of Property Investment & Finance, and Genevieve…
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Elite Agent
How agents can get traction on Facebook: Josh Pyatt
For a modern real estate agent, Facebook marketing is highly important. It attracts plenty of business if utilised correctly. But are you maximising and using Facebook to the best of its ability? Real estate coach Josh Pyatt has seen many agents’ Facebook pages with an audience and followers who aren’t relevant to them and their market and examines the pro’s and…
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Real Estate News
Fewer new homes and apartments in the pipeline in May: HIA
Data released by the ABS shows there has been a decline in housing and apartment approvals over May 2017, raising questions on growing demands for housing by first-home buyers. The number of dwellings approved fell 1.9 percent in May 2017. In seasonally adjusted terms, approvals for construction of new homes fell by 5.6 percent in May, driven by a fall…
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Elite Agent
Solving the 10 Pain Points of Prospecting: Josh Phegan
Your greatest asset is your ability to learn. There can never be a day that you’re not learning something new; if that day comes it may be the beginning of the end. You need to have a lifetime of hunger, to push yourself beyond what you think you’re capable of, to allow failure and keep going. It’s not rocket science;…
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Real Estate News
Andrew de Bomford of Harcourts Burnie wins Tassie auctioneering competition
Andrew de Bomford of Harcourts Burnie, Tasmania, beat out state-wide competition to win the Real Estate Institute of Tasmania 2017 Senior Auctioneering Competition. “It’s a real honour to win the competition and be recognised as No.1 in Tassie,” said Andrew, who entered the competition last year and was thrilled to take out the title for the first time. Andrew has…
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