Search Results for: first-home buyers
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FRANCHISE NEWS
RE/MAX Revolution named RE/MAX New Zealand’s best for third quarter
A real estate business that joined the RE/MAX New Zealand group at the start of this year now ranks as the Top Enterprise for July to September 2018. Don Ha opened the RE/MAX Revolution ‘Supa Office’ in Hunter’s Corner, Papatoetoe on January 1st this year. “We have only been with RE/MAX New Zealand since 1 January 2018, and we are…
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FRANCHISE NEWS
RE/MAX rewards top performing regions at Asia Pacific Convention
RE/MAX has acknowledged its top regional performances at the fourth annual RE/MAX Asia Pacific Convention this month, with Australia and New Zealand claiming four awards. Australia and New Zealand join 16 other regions in RE/MAX’s Asia Pacific network – South Korea, Thailand, Indonesia, Singapore, Philippines, Guam, Hong Kong, Macau, China, Japan, Taiwan, India, Sri Lanka, Mongolia, Malaysia and Myanmar. RE/MAX Australia…
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FRANCHISE NEWS
Ray White Frenchs Forest reopens with Megan MacKay at the helm
Local agent Megan MacKay, together with her husband Trevor Cain, has just re-opened Ray White’s office in Frenchs Forest in the heart of the Northern Beaches. The new office, at 49 Frenchs Forest Rd, was minutes away from the soon-to-open Northern Beaches Hospital and Frenchs Forest’s future community hub. For Ms MacKay, having started her real estate career with Ray…
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News
First-home buyers come out on top in June, according to new ABS data
First-home buyers are currently dominating owner-occupier housing loans, with the number rising again in June 2018 to the highest rate since October 2012. The ABS housing finance figures for June 2018 show that FHBs now account for 18.1 per cent of owner-occupier home loans. The number of FHB owner-occupier loans has now increased by 11.4 per cent over the last…
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FRANCHISE NEWS
RE/MAX New Zealand celebrates performance and great leadership
RE/MAX New Zealand awarded its top performers for the first half of 2018 to complete its August Rally program, held at the Novotel Ellerslie, Auckland, where the network came together for a full-day event designed to bring a focus on leadership to RE/MAX members. Winners in the number of transaction stakes for January to June 2018 were RE/MAX Go For…
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INDUSTRY NEWS
Hobart surges as Sydney suffers in new property outlook report
The growing divide between Australia’s property markets has been highlighted again in a new report from realestate.com.au. The latest Property Outlook Report shows that while prices across Australia have risen 0.9 per cent on average, that figure does little to highlight the growing differences between the major capital cities. Data from realestate.com.au and CoreLogic shows that while the Sydney and…
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INDUSTRY NEWS
2018-19 state budget wrap up: What it means for the property sector
With the majority of states (South Australia will need to wait until September due to their change in government) receiving their 2018-19 budgets, here’s how the property industry fared across the nation. New South Wales The second NSW budget handed down by Treasurer Dominic Perrottet had an aim to tackle transport, health and education projects, but left a lot to…
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Features
Oliver Koltovski: Life of a Salesman
Tell us a bit about yourself and your role at First National Dapto. I’ve been in sales since I was 16, when I started in retail and telecommunications. I gained a lot of experience providing a high level of customer service; it was a great foundation. I then went on to a management role for a national pool and spa…
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FRANCHISE NEWS
Raine & Horne opens new office in Perth commuter belt suburb
Raine & Horne has opened a new office in Ellenbrook – a commuter belt suburb of Perth, 45 kilometres northeast of the central business district. Ron Lyster, an experienced local real estate agent and property development manager, will lead Raine & Horne Ellenbrook. Mr Lyster has switched to Raine & Horne from another leading real estate group. “Ron has been…
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Features
Field of Dreams: James Hand
It takes incredible vision to sell the dream of stately homes and high-spec apartments while standing in a field amidst grazing cows, but for James Hand of Latitude Real Estate in Victoria it’s a success story based on knowledge, innovation and, above all, respect for clientele. Here James explains to Elite Agent how his innovative development firm includes both the…
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FRANCHISE NEWS
Buxton Real Estate opens fourth Geelong office
With the average house price in Greater Melbourne doubling in the last decade, Buxton Real Estate says more and more Melbournians are making the move to Geelong and Ballarat. Buxton CEO Nathan Jones said the volume of new estates being built, particularly in Ballarat, is creating property stock which cannot be challenged when comparing entry point prices. “These new estates…
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INDUSTRY NEWS
First Home Buyer Share Reaches Five-Year High, HIA
The January 2018 housing finance figures show that the First Home Buyer share of owner-occupier mortgage volumes is the highest it’s been for five years. “During January, First Home Buyers accounted for 18 per cent of home mortgage loans to owner occupiers. This is the highest monthly share in over five years,” explained Shane Garrett HIA Senior Economist. “First Home…
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News
Negative Gearing: A Balancing Act
Bruce Oliver from Xynergy Realty in Melbourne says that while negative gearing doesn’t necessarily help the affordability for first home-owners, it cannot be scrapped completely. The contentious topic of negative gearing is one that doesn’t seem to disappear, with the biggest question being what to do with negative gearing where housing affordability is an issue that is affecting many. It’s…
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FRANCHISE NEWS
Boutique group continues strategic expansion, opens seven offices in 11 months
Boutique real estate group, Starr Partners, will extend its NSW presence with a new Ropes Crossing office opening today. Ropes Crossing is the group’s seventh network addition in the last 11 months, following offices in Glenmore Park, Newcastle, Liverpool, Maitland, Minchinbury and Miller opening in 2017. Starr Partners CEO Douglas Driscoll says the group is focused on strategic network expansion following…
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INDUSTRY NEWS
Westpac Annual Home Ownership Report reveals new home buyer trends
Westpac’s 2017 Home Ownership Report reveals first home buyers1 have significantly reprioritised what matters most when searching for their ideal home. The research, commissioned by Westpac in September, surveyed over 1,000 Australian homeowners and first home buyers, and features trend data from the past two years. The latest report demonstrates in 2017 first home buyers are less focused on buying…
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OPINION
Don’t let the mainstream media put you off your game
You wouldn’t know it from some mainstream media reporting, but housing affordability is actually getting better, not worse. That doesn’t mean it’s suddenly become easy for first home buyers to enter the market or for buyers of any kind to service a mortgage. All it means is that it’s now less hard. The latest quarterly Adelaide Bank/REIA Housing Affordability Report…
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INDUSTRY NEWS
Beachfront markets lead growth surge: REIQ
Southeast Queensland’s world-class beaches are driving median price growth for our coastal housing markets, with Noosa reining supreme with 9.6 per cent annual growth, followed by Gold Coast with 7.3 per cent annual growth and Sunshine Coast LGA with 6.8 per cent annual growth to median house prices. REIQ CEO Antonia Mercorella said the growth surge was helped along by…
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News
Service wins the accolades for Woodards Blackburn
Woodards Blackburn in Victoria recently took home two awards at the recent REIV awards, for Sales Agency of the Year and in Project Marketing. Woodards Blackburn Director and Sales manager Julian Badenach has been with the brand for 18 years, almost all his working life as an agent. Together with Director Cameron Way, they have grown the team to 12…
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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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Sales & Marketing
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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Technology
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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Sponsored Content
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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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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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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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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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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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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OPINION
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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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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News
Wrap up – What’s new for FY 18: Samantha McLean
July 1 is a date in everyone’s calendar. Not only is it the start of the new financial year, and the halfway point in the calendar year, but also the date when many of the state and federal budget initiatives come into effect. Here is a roundup of what’s changed around the country and in each state when the clock…
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News
First home buyers are big winners of NSW budget at expense of foreign investors
First-home buyers are the big winners in NSW Treasurer Dominic Perrottet’s first state budget, which was delivered on Tuesday. In a budget that the Treasurer labelled the “envy of the Western world”, housing affordability was a key issue along with health and schools. The Treasurer said in his speech that part of the $4.3 billion housing affordability package includes strategies…
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News
Stamp duty concessions are reverse engineering supply and demand: Douglas Driscoll
Starr Partners CEO Douglas Driscoll is calling for more justification around the NSW Government’s solution for housing affordability after it revealed no concessions would be afforded to buyers making property purchases over $800,000. The measures, taken to cabinet last week, proposed stamp duty would be abolished on all homes up to $650,000 and relief to buyers of homes up to…
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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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INDUSTRY NEWS
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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