Search Results for: melbourne
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Brand Editorial
Responding to changes in domestic violence laws
The changes to family and domestic violence laws are a welcomed change for Australians who believe in a strong and resilient justice system. While the amendments are designed to better respond to those suffering abuse, they also affect landlords and property professionals who own and manage rental properties. Previously, rental laws have restricted tenants affected…
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INDUSTRY NEWS
Weekly auction wrap: Clearance rate set for a two-year high
It was another strong weekend for auctions, with the nationwide preliminary rate sitting at a very strong 76.6 per cent. If the final clearance rate finished above 70 per cent, it will be the first time since May 2017 and a really strong sign for property prices headed into the spring selling season. Sydney led the playing field with 81.7…
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Real Estate News
Domain Profits Down But Upbeat About Outlook
Releasing their full-year Financial Results last week, Domain Group’s profits have fallen 30 per cent compared to last year, with the property slowdown in its major markets of Sydney and Melbourne hurting the bottom line. After an ‘extraordinary’ series of events, listing volumes around the country were down 20% to what is a 20-year low. Sydney and Mebourne in particular…
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FEATURE INTERVIEWS
Tom Larkin: Director of two offices at 29 with further growth plans ahead
Tom Larkin started in real estate on his 18th birthday. By 23 years old he had his own real estate office in an area he knew nothing about – Barry Plant in Frankston. By 26 he had become that area’s most successful agent and now, at 29, he is director of two offices, has a…
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Elite Agent
Using data to guarantee rent: LongView Real Estate
In Australia the traditional real estate model is changing with agencies employing in-house photographers, videographers, database experts, marketing and creative specialists. In November last year, LongView burst onto the scene in Melbourne, providing a data-driven agency focused on property investors. Co-founder Evan Thornley is a former co-founder, chair and CEO of LookSmart, a pioneer of internet search advertising, and Australia’s…
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National
Weekly auction wrap: Registered bidder numbers jump
The buyers returned over the weekend as auctioneers saw another strong auction clearance result across the country. Both Sydney and Melbourne saw jumps to 81.2 per cent and 73.2 per cent respectively, both up on last week’s final results. Elsewhere the numbers were also strong, with another week where auctions closed out above the 70 per cent level nationally, finishing…
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Elite Agent
A ‘challenging’ year for REA Group but outlook is positive for property
Despite challenging market conditions, REA Group has posted an eight per cent increase in both earnings and revenue for the financial year ending June 30. Australia’s major real estate listing service announced their results to the market on Friday, which also showed an eight per cent decline in listings over the past year, with the Sydney and Melbourne markets being…
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Elite Agent
HTW Market Wrap: Sydney and Melbourne bottom out
The national property market continues to be a tale of very different states and cities, with some strength in areas like Canberra and Hobart, and clear weakness in Sydney and Melbourne. The positive news for property owners is that the latest commentary from national valuers Herron Todd White is that both Sydney and Melbourne are approaching the bottom with their…
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Real Estate News
Better Homes and Gardens Real Estate expands to Victoria
The footprint for Better Homes and Gardens Real Estate continued to grow with the opening of the first Victorian office in Richmond. With several offices already operating in New South Wales, the lifestyle brand is now focusing on its presence in strategic locations across the east coast of Australia. The new Richmond office will be operated by Michael and Laurel…
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Brand Editorial
5 big lessons from Street MBA Adelaide 2019: Hannah Gill
After much planning, anticipation and excitement, our first ever Street MBA study tour kicked off in Adelaide on 25 July. The good news: it was a huge success. We were fortunate to be visiting three of the best agencies in the state: Ouwens Casserly, Harris Real Estate and Toop & Toop. Our hosts at each office were brilliant; authentic, transparent…
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Real Estate News
The RBA keeps rates on hold
After two straight months of rate cuts, the RBA has left rates unchanged at one per cent. The move was widely expected and will mean borrowers will likely not see any changes to variable rates this month. However, RBA Governor Lowe has suggested that the RBA stands ready and able to cut rates further if they are required to do…
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Real Estate News
Patrick Leo expands in regional Victoria
Patrick Leo, a leading real estate agency specialising in investment property sales and services, has further expanded into Victoria opening its second office in the State at 21 View Point Bendigo, directly opposite the historic Alexandra Fountain. With its head office in Sydney and an office based in Collingwood, Patrick Leo offers property management and…
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Elite Agent
Property prices continue to turn the corner
There are more positive signs for property prices across the country as the latest data from CoreLogic suggests the market is moving into a recovery phase. This is the second straight month that prices have ticked higher in both Sydney and Melbourne as the positive sentiment in the market continues to improve. Since APRA reduced the buffer rate on borrowers,…
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Real Estate News
Fletchers launches film to celebrate centenary
Reaching a major milestone such as a 100-year anniversary is a feat very few Australian real estate agencies ever accomplish. From humble beginnings at their first offices at 2 Cotham Road in Kew in 1919, to a network of over 20 offices more than a century later, the foundations established by the Fletcher family in…
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VIC Real Estate News
Ray White Berwick welcomes Debbie Brettoner and Matt Doyle
Debbie Brettoner and Matt Doyle, two of the highest performing agents in Melbourne’s south-east, have made the move to Ray White and will be joining Eric Zhang as directors of Ray White Berwick. With a combined eight years experience in the real estate industry, this mother and son duo believe their move to Ray White was the natural step in…
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NSW Real Estate News
Chinese buyers still strong in Sydney market
What is the state of the Sydney property market in 2019? At Crown Group, we have definitely seen the Sydney property market pick up in the past few months. As early as March, well before the election, we saw buyer behaviour change, with more contracts signed and more exchanges than in the previous 18 months. Then after the election, our…
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National
Weekly Auction Results: Auction clearance remains high on slightly higher volumes
Sydney and Melbourne continue to lead the country with another strong week of auction clearance results. After last weeks solid result, Sydney again leads the nation with a preliminary 78.5% clearance rate. While Melbourne continues to improve and finished on higher volumes than Sydney 74%. As sellers continue to sit and wait for spring, demand…
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VIC Real Estate News
The Agency opens in Victoria’s High Country with top agents Allana Storer and Kate McDougall
The Agency has announced the opening of its first regional office in Victoria’s High Country, after partnering with top agents Allana Storer and Kate McDougall. The Agency’s General Manager Victoria, Peter Kakos, said the growing brand was “thrilled to be linking arms and partnering” with such incredible talent. “The Agency had always wanted to expand to regional Victoria, but it…
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Elite Agent
“Like Afterpay for VPA”: How CampaignAgent is streamlining cashflow for vendors and agents
Sitting on a ski lift on the way up the slopes of a snowy Mt Buller in 2015 is where the idea for CampaignAgent took off. Founded by Seth Watts, a real estate printer, and Shaun Moriarty, a finance professional, CampaignAgent is a Melbourne-based financial technology company that is shaking up vendor paid advertising, reducing…
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INTERNATIONAL
Co-living operator secures $55 million Series B funding to accelerate growth across APAC
Singapore headquartered co-living operator Hmlet has raised $55 million in a Series B round, which will allow the company to accelerate expansion across Asia-Pacific and continue bridging gaps in demand for affordable, flexible and secure housing across the region. The round was led by Burda Principal Investments, with participation from existing investor Sequoia India and new investors Mitsubishi Estate Co,…
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NSW Real Estate News
Moving to Sydney? It’s going to cost you
These days, there is a high likelihood that at some point in your life, you and your family will choose to live and work in a new city. Real estate agents and property managers likely deal with this very scenario on a daily basis. Given that expats are generally drawn to the leading global cities around the world including Sydney…
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Real Estate News
Auctions this week: Clearance rates continue to tick higher on low volume
Auctions this week: Clearance Rates Continue to Tick Higher on Low Volume It might be the middle of winter in Australia, but that hasn’t stopped the resurgence in the auction clearance rate across the country. In Sydney, the preliminary clearance rate was up to 81.5%, its highest in more than 18 months. In Victoria CoreLogic…
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National
The capital city suburbs where house prices are tipped to soar
New research has revealed the best housing markets in our three biggest capital cities where prices are forecast to soar by up to 25 per cent in just three years. The analysis by the Select Residential Property Research Group (SRP) identified the top 10 markets for housing price growth in Sydney, Melbourne and Brisbane with the Sunshine State capital tipped…
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COMMERCIAL
Patrick Leo launches Buyers Agency service in Melbourne
Patrick Leo, a leading real estate agency specialising in investment property sales, has recently launched a Buyers Agency service in Victoria in response to growing demand. “We are excited to launch the buyers agency service. Many clients have asked us over the years to help source their homes after we have delivered them great results with investment properties,” said James…
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QLD Real Estate News
Record-breaking month for Ray White Maroochydore
It’s a case of double delight for Ray White Maroochydore as the office celebrated a record-breaking month of sales in June and achieved a property management milestone. A total of 28 properties were sold last month with a combined value of $17,300,000 and the team now manage a total of 1001 properties.Ray White Maroochydore Director and Auctioneer Dan Sowden said he was…
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Elite Agent
The Agency’s Jesse Raeburn to star on The Block
To succeed in real estate it takes a combination of tenacity and drive. It’s clear that the Agency’s Jesse Raeburn has both and it is one of the key reasons Jesse has found success as an agent in a short period of time. Those very same attributes have also managed to help Jesse gain a…
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INDUSTRY NEWS
Digital Live to return in 2020
Digital Live will be back bigger and better than ever next year, with one concrete purpose; to move the real estate industry forward in its knowledge of all things digital, while improving access to education for disadvantaged children. It’s no secret that the digital world can be confusing. In an ever-changing market driven by digital,…
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National
Millennial first home buyers urged to buy now before start of the First Home Loan Deposit Scheme
Millennials and younger first home buyers may not yet have seen the urgency but First National Real Estate’s chief executive Ray Ellis is urging them to get off the sidelines and seize their opportunity to buy now before the Morrison Government’s First Home Loan Deposit Scheme takes effect on 1 January 2020. “We have record low interest rates and more…
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Real Estate News
Buxton and Beller unite to form real estate powerhouse
Two of the most established companies in Victorian real estate, Buxton and Beller, have joined forces, forming a formidable partnership under the Buxton brand. Founded in 1994, the Beller Group’s Windsor office, led by Beller Group Director Andrew Fawell, became Buxton Stonnington on July 1, bringing the company to a total of 24 offices across the state. While the company…
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Thought Leaders Podcast
Things are looking up for the Australian Real Estate Market: Matt Lahood
The Australian Real Estate Market has seen its share of difficulties in the past 12 months. With an election behind us and an interesting future ahead, we thought it would be a good idea to bring you the perspective of an industry leader who has seen many cycles of ups and downs and is respected…
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Elite Agent
Satellite cities take top spots in population popularity contest
Satellite cities and major regional centres are attracting more Australians than capital cities, with the number of Sydneysiders relocating at an all-time high and the Gold Coast becoming the most popular place to move to in the country. According to property market research firm Propertyology, Queensland, Hobart and parts of regional Victoria and New South Wales were the big winners,…
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Elite Agent
Byron Kerr: A new brand of leader
Byron Kerr isn’t afraid of declining stock levels. In the 2018-2019 financial year, when the Melbourne market was on a downward slide, the O’Brien Real Estate Mentone director and his team sold more properties than the year before. “It was a market with decreased stock levels of about 25 per cent,” he said. “Yet we increased market share by 12…
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Real Estate News
Third generation Jones to be managing director of MMJ in Wollongong
Tim Jones took the reins as managing director of MMJ in Wollongong on Monday, making him the third-generation Jones to hold the position. The move was part of a succession plan initiated by his father Geoff Jones whose own father Allan Jones was the inaugural managing director of Martin Morris & Jones when it started at 141 Crown Street almost…
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Elite Agent
Auctions this week: Using Market Momentum
Even though the weather still says winter, auction markets are warming up right around Australia – the only problem is a lack of stock. This week our auctioneers are hinting this might actually be a good thing for potential sellers. Queensland: Closing the gap Two-time Australasian Auctioneer Of The Year winner Justin Nickerson of Apollo Auctions feels the past week has…
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INDUSTRY NEWS
Queensland leads the way in market recovery
Demand has started to increase in the property market on the back of the recent federal election results and interest rate cuts, with Brisbane and Mackay in Queensland leading the road to recovery. REA’s Property Outlook for July has revealed the “ScoMo bounce” and two interest rate cuts were breathing new life into Australian property, with demand starting to increase…
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