Search Results for: melbourne
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Real Estate News
Rental returns still struggling despite sales resurgence
Despite a resurgence in house prices and strong auction results, the national rental market has continued to struggle in recent months. Across Australia, rents were -0.1% lower over the month to September 2019, with the median rental value being $436 per week. The weak rental rates have been trending lower of recent times, with the…
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Real Estate News
Real estate team celebrates new home
Clients, real estate peers and business associates attended a celebratory event this month at RE/MAX ACPA’s new premises in Williams Landing, a suburb 19 kilometres south west of Melbourne’s CBD. Leon Lee and Jason Chen The iconic RE/MAX balloon and bright RE/MAX colours are prominent at the new office, which broker owner Leon Lee says will provide a more convenient…
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Real Estate News
Auction Market Recap: The buyers return with force
With the footy finals out of the way, property buyers across the nation were out in force over the weekend, pushing the auction clearance rate straight back up to pre-finals levels. Sydney’s preliminary clearance rate surged back above 80 to finish at 82.3 per cent, while Melbourne was equally strong at 76.7 per cent, according to the latest CoreLogic data.…
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Real Estate News
Where are the strongest yields for investors: Herron Todd White
While new investors are almost always initially drawn to the potential for a property to generate significant capital gains, savvy investors have long been on the hunt for yield. Generating cash flow through strong rental returns might not be as exciting as picking the next hotspot, but it forms a strong foundation for many investors in the current market, given…
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Real Estate News
Ray White Apartment Collective puts dozens under the hammer
More than 40 properties across Queensland, Victoria and Western Australia will go under the hammer between 14-18 October for Ray White’s second Apartment Collective. The initiative is designed to create competition across certain capital cities in Australia with one of the leaders of the Collective, Ray White Network Performance Executive Benjamin Burling, calling the event “a point of difference”. “The…
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Real Estate News
Whitehorse names real estate agent as best business
PhilipWebb Real Estate has won two accolades at the Whitehorse Excellence in Business Awards 2019. Hosted by Whitehorse Business Group, the awards recognise business leaders and innovators and their contributions to the local economy. Presented with the Large Business Award (51-100 employees), PhilipWebb also received top honours taking home the Overall Business Award. "Being honoured…
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Real Estate News
Hammer time for auctioneers’ annual showdown
Australia and New Zealand’s best auctioneers have been decided and are now set to compete at the annual Australasian Auctioneering Championships (AAC) later this month. State and territory Real Estate Institutes and the Real Estate Institute of New Zealand all completed their auctioneering competitions with their two best auctioneers qualifying for the competition at Melbourne’s Federation Square. REIA President Adrian…
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LEADERSHIP
Steve Carroll: Leadership in a digital age
By 2020, millennials will make up 50 per cent of the workforce. Whether or not you think technology has changed the face of leadership, three things we can agree on are: 1. The expectations of our employees, driven by millennials, are increasing dramatically. 2. The fundamentals are in place. However, they only keep our employees engaged for a short time.…
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Real Estate News
Banks slash fixed rates, pricing in Melbourne Cup cut
Tuesday 8 October, 2019: Three of the Big Four Banks have dropped rates on their fixed home loans in the past week, with NAB the latest major bank to cut its rates by up to 0.40 per cent today. In total, 17 lenders - including CBA and ANZ - have cut rates on fixed home loans…
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Real Estate News
Coffs Coast locals open new Century 21 office
New office locations don’t come much better than Moonee Beach which lies in the centre of Coffs Harbour’s northern beaches, on the north coast of New South Wales. New Principals Darcien Kean and Michael Hall are both long-time locals and excited to have celebrated the official opening of their C21 office. Mr Kean has over 10 years’ experience in the…
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Real Estate News
Laing+Simmons opens first Newcastle office
Laing+Simmons opened its first office in Newcastle this week, with the team formerly known as Nest Realty Group embarking on its next phase of growth under a new boutique brand. Local real estate veteran Michael Barber will lead the team at Laing+Simmons Newcastle Central with growth – and recruitment – on the agenda. He’s joined by Angela Barber, a highly-experienced…
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Real Estate News
Triple threat as brothers join Ray White Werribee
Continuing in the tradition of being proudly family owned and run, Ray White Group has recently welcomed three brothers on board in Werribee. The Krnjeta brothers – Robert (Partner/Auctioneer), Petar (Agent/Auctioneer) and Alex (Sales Associate) – said it was the company’s family values that attracted them to the business. “One of my key reasons for making the move to Ray White…
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Real Estate News
Finalists announced for 2019 REA Excellence Awards
REA Group has announced the finalists for this year’s Annual REA Excellence Awards (AREAs), to be held in Melbourne on Thursday 14 November 2019. The AREAs honour the most innovative, community-minded and highest-achieving individuals and businesses in the property industry (residential, commercial, project developers) and media industry. There will be 21 awards in total presented…
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National
House prices are booming again in Melbourne and Sydney
House prices across the nation have seen their biggest jump since March of 2017 in what is a return to boom times for many capital cities. Once again Sydney and Melbourne led the way, both jumping 1.7 per cent for the month of September, while Canberra was the other strong performer leaping 1 per cent, according to the latest data…
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Real Estate News
Resellers continue to see healthy profits
Resellers of homes continue to make healthy profits right across the nation, with 9 out of 10 properties making their owners a profit when resold. According to the latest Corelogic Pain and Gain Report, 87.1% of properties resold in the June quarter achieved a higher sale price compared to their original purchase price. As has been the case recently, it…
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Elite Agent
Weekly Auction Wrap: Sydney’s busiest week of the year
In a weekend where Victorians were busy watching the AFL Grand Final, Sydney recorded its busiest Saturday of the year for auctions. Sydney recorded a preliminary clearance rate of 78 per cent from 939 auctions, according to the latest CoreLogic data, which was up from 608 this time last year. With attention elsewhere in Melbourne, there were only 103 auctions,…
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Real Estate News
Barry Plant’s top performers awarded for excellence
Barry Plant Group’s stars shone at the company’s 2019 Awards for Excellence at Melbourne’s Crown Palladium recently, with nearly 800 people attending the black-tie event. The Frankston office had an outstanding night winning Franchisee of the Year and the Property Management Growth Award, with agent Bailey White joint winner of the Ron Hudson Rising Star Award. Geelong staff were also…
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SELLING + MARKETING PROPERTY
Weekly Auction Wrap: Clearance rate strong amidst a surge in listings
It has been another strong weekend for auctions across the country as the national clearance rate once again finished above the 70 per cent mark. With the weather heating up across the country, so too were the number of listings, which jumped nearly 20 per cent. Sydney recorded a preliminary clearance rate of 76.6 per cent while Melbourne came in…
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Real Estate News
Launch of Downsizing.com.au links developers and agents to lucrative over 50’s market
Property developers and agents have a new way to reach the real estate market’s most active and motivated buyers with the launch of Downsizing.com.au, which is Australia’s leading over 50’s property portal. Downsizing.com.au was founded as Seniors Housing Online by NSW-based sisters-in-law Catherine and Amanda Graham in 2003. It has built a loyal following among clients and consumers and served…
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Elite Agent
Weekly Auction Wrap: Has the clearance rate topped out?
While it was another strong weekend across the country for auctions, we’ve had the first downtick in a number of weeks, which could signal that the surge in the clearance rate is starting to ease. Over the weekend, the latest Corelogic data has shown 75.7 per cent of homes sold at auction across the country, marking what is expected to…
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Real Estate News
Well-known agent joins OBrien in Melbourne’s North-West
Victorian-based group OBrien Real Estate is set to change the face of property sales in the North-West corridor of Melbourne with the help of one of the local area’s most trusted faces. Jae Doyle, a multiple award-winning and respected local agent, has joined OBrien having worked in the local area for more than 15 years. OBrien General Manager Jason Mudford…
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Brand Editorial
Highlights from Street MBA Melbourne tour
For Street MBA tour #2 we headed to not so sunny Melbourne, and what an insightful tour it was. We had three well-respected agencies on the agenda and were hosted by exceptional operators: Sophie Lyons and Sam Nokes from Jellis Craig, Simon Fung from Woodards and Evan Thornley from LongView (aka the quiet achievers). Unsurprisingly, key takeaways for this tour…
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Elite Agent
Weekly Auction Wrap: The buyers keep coming as spring arrives
The traditional spring selling season has officially begun, but it’s still the buyers who remain in control at auctions around the country. This weekend saw Sydney finish with a preliminary auction clearance rate of 83.1 per cent while Melbourne was also higher at 76.6 per cent. Nationally, the clearance rate was an incredibly strong 77 per cent. However, the number…
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Elite Agent
How population is impacting house prices
Population movements are one of the key reasons house prices rise and fall, and according to Herron Todd White, it’s not just about how how many people are moving to or from your city, but also the demographics of those people. The leading Australian valuer has studied the impact that the current population trends have been having in our major…
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Real Estate News
Three Aussie cities make top 10 most liveable in the world
Life in Melbourne is the second best in the world, according to the latest Economist liveability survey. The Global Liveability Index saw the Austrian city of Vienna crowned the world’s best for the second year in a row, narrowly beating Melbourne. The big improver, however, was Sydney, which moved up from fifth to third. The other cities that made up…
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Real Estate News
Propertyology names 53 markets with good upside potential
Regional towns are driving buyer confidence and price growth in the property sector, with 53 locations across the country identified as being on the cusp of stronger market conditions, according to new research. Propertyology’s latest report analysed the fundamentals of property markets across Australia’s 500-plus municipalities and considered leading indicators such as the average time to sell a dwelling, the…
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Elite Agent
The RBA leaves interest rates unchanged at 1%
The RBA has left the official cash rate unchanged at one per cent at its September meeting, however, more cuts lie ahead if global conditions continue to weigh on the economy. In a statement that largely mirrored the August update, RBA Governor Philip Lowe suggested Australia is still in for an extended period of low interest rates. “It is reasonable…
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Real Estate News
Ray White welcomes high-profile agents in NSW and Vic
Ray White has welcomed two established agents to their growing team, with Trevor Byrne rebranding his business Ray White Carnes Hill in south-west Sydney, and Helen Jens recently opening the doors to the newest Ray White business in Kyneton in Victoria’s Macedon Ranges. Both agents come with a wealth of experience and renown within their respective communities. Mr Byrne has worked…
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Real Estate News
House prices jump across the country
Buyers are coming out in numbers in Australia’s two major cities and it was the driving force behind the first big jump in house prices that we’ve seen in many months. According to the latest data from CoreLogic, Sydney house prices rose by 1.6 per cent, while Melbourne jumped by 1.4 per cent. Across the country, dwelling values increased by…
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Elite Agent
Weekly Auction Wrap: Are the boom times back?
It’s been another strong weekend for auctions across the country as the clearance rate remains at boom-time highs. Sydney had a preliminary auction clearance rate of 78.9 per cent while Melbourne was also strong at 76.1 per cent. These are the same types of numbers that we were seeing in the recent housing boom in mid-2017. Across the country, the…
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Real Estate News
realestate.com.au targets first home buyers with second series of How to Home Loan
realestate.com.au has continued its partnership with comedian Jess Harris –twentysomething, Wine – to release a second series of the hugely popular How to Home Loan video series, which explores the frustrations of first home buyers when embarking on their home purchasing journey. Season two of the tongue-in-cheek educational campaign shines a light on the realities of buying a home and…
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Real Estate News
OBrien opens at Werribee
More than six years after OBrien Real Estate established its first franchise office in February 2013, the growing brand has now opened its 27th office, located in the growth belt of Melbourne’s west at Werribee. Originating from the south east of Melbourne, OBrien initially had all its offices situated on the east side of the Yarra River, but now there…
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Real Estate News
Agents join forces in Whitehorse
The Whitehorse property landscape is set for a spring shake-up as two of the area’s agents join forces to create a formidable ‘power team’. The arrival of Jellis Craig Mitcham, which is the culmination of Noel Jones Mitcham joining Jellis Craig, will anchor a consolidated presence for Jellis Craig in Whitehorse. Further fortifying its footprint,…
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Elite Agent
Weekly auction wrap: It’s official – clearance rate at highest level in two years
It’s been another strong result for auctions across the country as the clearance rate hit a two-year high. Again it was Sydney and Melbourne leading the charge with Sydney coming in strong with a preliminary clearance rate of 84.7 per cent, three per cent higher than last week. Melbourne was also strong with their preliminary rate almost hitting 80 per…
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Elite Agent
Ray White Victoria and Tasmania celebrates 2019 winners
More than 1,100 guests descended on the Melbourne Convention and Exhibition Centre for the annual Ray White Victoria and Tasmania state awards on Thursday August 22 to celebrate the top offices and individual achievers throughout the leading network. Ray White Victorian and Tasmanian CEO Stephen Dullens welcomed everyone and reminded them all that the leading…
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