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INDUSTRY NEWS
REIV calls for a fair go on rental laws before Parliament this week
The Victorian Parliament’s Legislative Council will consider the Residential Tenancies Amendment Bill (RTA Bill) this week, the second last sitting week before the caretaker period ahead of the Victorian Election in November. Real Estate Institute of Victoria (REIV) President Richard Simpson said the REIV has worked closely with all political parties to help shape the best possible legislative outcome. “The…
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INDUSTRY NEWS
September 2018: Interest rates on hold, Industry reaction
Yesterday (4 September 2018) the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 23rd consecutive meeting. “Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low,” says RBA Governor Dr Philip Lowe. “Housing credit growth has declined to an annual rate of 5½ per cent. This…
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INDUSTRY NEWS
MadeComfy opens for business in the Sunshine State
MadeComfy, Australia’s first performance-based short-term rental specialist, has opened a Brisbane office and appointed 13-year property veteran Melissa Baker as its new Queensland General Manager. Following $6 million capital raising in May and 500 per cent year-on-year growth in Sydney and Melbourne, MadeComfy has been actively planning on expanding its services and reach in and around Brisbane. MadeComfy recently released…
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Real Estate News
Western offices shine at hockingstuart awards
Leading Victorian real estate agency, hockingstuart, celebrated another stellar year at their 2018 awards night on Thursday 23rd August. The annual ceremony held at Forum Theatre, celebrates the achievements of employees and offices over the past financial year, with sales growth, market share and customer service all propelling agents to the awards stage. Offices in Melbourne’s west proved to be the…
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FRANCHISE NEWS
Ray White Victoria & Tasmania celebrates its 2018 winners
More than 1200 guests descended on the Palladium at the Crown for the annual Ray White Victoria and Tasmania state awards last night to celebrate the top offices and individual achievers throughout the network. Ray White Victoria & Tasmanian CEO Domenic Belfiore welcomed everyone and reminded them all that the leading group helped more families achieve their great Australian dream…
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FRANCHISE NEWS
PhilipWebb Announces New CEO as part of succession plan
As Philip Webb approaches 46 years as the face of his real estate agency in Melbourne’s East, he is making moves to ensure the continued success of the business. Having spent decades cultivating one of the most recognisable industry brands, he has created the position of CEO to redefine the company and drive the business forward. Mr Webb has appointed…
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INDUSTRY NEWS
Experts say Spring will predict how the Australian property will act over the next 12 months
The first weekend in September traditionally sees a boost in listings across the country, as the warmer weather hits and sellers begin to emerge. With the current listing numbers down significantly on the same time last year, the boom has well and truly worn off, and experts are predicting we’ll be able to see how the market will act over…
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Elite Agent
The argument for allowing pets in rentals: Agencies show their support
One of the contributing factors to the fact 100,000 dogs and cats are surrendered to the RSPCA each year is the inability for tenants to find pet-friendly housing. A recent overhaul of the pet laws for landlords and tenants by the Victorian government is not expected to come into place until 2019, but some agencies are looking to make the…
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INDUSTRY NEWS
Cream of the crop battle for REIQ Auctioneer of the Year title
Four of Queensland’s leading auctioneers will battle for the title of REIQ Auctioneer of the Year next Thursday, August 23 at Victoria Park Complex. Reigning REIQ Auctioneer of the Year and Australasian Auctioneering Champion Justin Nickerson will compete with former REIQ Auctioneer of the Year Mark MacCabe, former REINSW Auctioneer of the Year Gavin Croft and former REIQ Auctioneer of…
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EPM
True North: Michael Love
It's been almost 75 years since Michael Love’s grandfather first opened the doors of Love Real Estate in service of Melbourne's 'North'. Now, as a third-generation agent and director of that company, Michael reflects on the valuable lessons his family’s experience offers him as he sets about “running his own race”. Story by Cassandra Charlesworth.
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FRANCHISE NEWS
Raine & Horne ramp up Gold Coast expansion with new Coomera office
Raine & Horne have opened a new office in Coomera on Queensland’s Gold Coast this week, to be run by two well-known local property professionals. Real estate aces Jacqui Walker and Jason Read will lead Raine & Horne Coomera, which is located at 19C 31 Dreamworld Parkway, Coomera. Ms Walker has an extensive history as a real estate principal and property…
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OPINION
Should your agency be targeting offshore buyers?
As a global company with offices in Australia, China, the US and the UK operating a leading marketplace for off the plan property, we’ve learned a thing or two about attracting and targeting buyers all over the world. If you’re an agent who currently only sells to local buyers whilst your competitors seem to get a bigger slice of the…
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Real Estate News
Melbourne falls from top of liveability ranking as Sydney rises
For the first time in seven years Melbourne has been knocked from the top of the The Global Liveability Index. The ranking, produced by The Economist Intelligence Unit, has put Vienna, Austria, in the top position for 2018, moving Melbourne to second place. The upset comes as Sydney rises significantly through the ranking, up to fifth position from 11th last…
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INDUSTRY NEWS
Australia’s prestige market remains resilient in the face of tougher conditions
Three Australian cities sit in the top 20 of the Knight Frank Prime Global Cities Index, showing the prestige market is still performing strongly. The report from Q2 2018, which tracks the progress of 43 cities worldwide, shows Sydney, Melbourne and Brisbane are still keeping up with growth elsewhere, coming in as 15th, 17th and 20th respectively. Perth also showed…
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INDUSTRY NEWS
The Agency partner with superannuation startup
Superestate, the first non-SMSF superannuation fund to invest in residential property, has partnered with The Agency, appointing the network’s property management team to manage the first investment. The model sees members choose either a 25 per cent or 50 per cent exposure to residential property as the Superestate team builds a national residential property portfolio. The team behind Superestate includes…
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FRANCHISE NEWS
ActivePipe wins big at the Australian Business Awards 2018
For the second year running, Melbourne-based automated communications platform ActivePipe has been named a winner in the Technology Innovation, Marketing Innovation and Software Innovation categories of the prestigious Australian Business Awards. The win continues the growth the company has enjoyed over the last 12 months with their platform, which allows agents to streamline communication channels with their customers. According to CEO Ashley Farrugia,…
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INDUSTRY NEWS
August 2018: Interest rates on hold, Industry reaction
Yesterday (7th August 2018) the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 22nd consecutive meeting. “Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low,” says RBA Governor Dr Philip Lowe. “Housing credit growth has declined to an annual rate of 5 1/2…
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FRANCHISE NEWS
Xynergy Realty expands to Western Suburbs
Real estate agency Xynergy Realty has opened a new office in the heart of Altona in order to meet the needs of its growing portfolio of clients in Melbourne’s western suburbs. The newly renovated office will be the agency’s first in Melbourne’s west and will be centrally located on Queen Street, just minutes from Altona beach and the popular Pier…
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Elite Agent
Empowering for Growth: Sunil Kumar
Reliance Real Estate CEO Sunil Kumar chose to focus on respect and empowerment when he opened his first office in 2011. That philosophy has seen his agency ranked the eighth fastest growing business in Australia.
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INDUSTRY NEWS
Winners announced in Openn Negotiation Excellence Awards 2018
Over 80 real estate professionals gathered on 26 July to recognise the best-performing agents and agencies at the inaugural Openn Negotiation Excellence Awards. Led by Peter Gibbons, Openn Negotiation Co-founder and Managing Director, it was an opportunity to celebrate not just the finalists and the winners, but all agents who had decided to embrace technology and the need for better…
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FRANCHISE NEWS
Kate Smith maintains standing as one of Australia’s best real estate agents
Leading SA real estate agent Kate Smith, Principal of Raine & Horne Semaphore was named Australia’s best at the 2018 Raine & Horne National Awards, held on the Gold Coast this week. Ms Smith scored gold in the competitive Top Salesperson (Principal) Number of Sales category beating home Sydney sales hotshots such as Ric Serrao, Co-Principal, Raine & Horne Double…
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Elite Agent TV
National Auction Round Table Part 7: The Role of Video and Social Media
Other videos in this series TRANSCRIPT Steve Carroll: Are agents using social media well to promote themselves? To promote auctions? I’ll kick off with yourself. Alec Brown: I’m probably biased as an auctioneer. I actually love watching livestream auctions, or auction highlights. I think what is becoming a little bit tiresome is the ‘just listed’ or’ look at this sale…
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INDUSTRY NEWS
Knight Frank appoints Head of Institutional Sales for VIC and SA
Knight Frank’s Joint Managing Director, South Australia, Guy Bennett will relocate to Melbourne to take on the newly-formed role of Partner, Head of Institutional Sales, Victoria and South Australia. The move delivers on the firm’s strategic focus globally on Institutional Sales and bolsters the firm’s east coast presence. Mr Bennett will leverage off his national and offshore capital relationships to…
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AREC2018 EA Studio
AREC 2018 Feature Interview: Sean Hughes with Samantha McLean
TRANSCRIPT Samantha: Welcome back to the AREC 2018 couch. And my guest here right now is Sean Hughes from Realmark Coastal. Welcome Sean. Sean: Thanks for having us. Samantha: Who was your favourite speaker? Sean: Gavin Rubenstein was really quite good. So, some of the people were yesterday Peter was exceptional as well. Lots of different messages, but it seems…
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INDUSTRY NEWS
Residents say ‘goodbye’ to capital city suburbs
Long-time residents are moving away from capital city suburbs, with many shifting to regional Australia, according to analysis by buyers’ agency, Propertyology. A deep dive by the firm into ABS data revealed tens-of-thousands of big city residents are deciding it’s time to move on to areas such as Bendigo, Cairns, Tamworth and Wodonga. The numbers uncovered 33 regional locations where…
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INDUSTRY NEWS
Global cities record weakest price growth since 2015: Knight Frank
According to the latest Global Residential Cities Index from Knight Frank, despite the global economy’s strong performance, property price growth is restrained, with urban prices rising at their slowest rate since the third quarter of 2015. The Global Residential Cities Index tracks movement in average residential prices across 150 cities around the world. A year ago the report saw 12…
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EPM: Feature Interview
Nurturing the Nature of Property Management: Rae Tolley
Reflecting on a property management career that has spanned over two decades, Beller Property Group’s Rae Tolley says it’s a role that appeals to her nurturing nature. “You need to be caring and have a big-picture approach, because as a property manager you’re a big part of people’s lives.” Rae started her real estate career with an 18-month stint in…
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TECH + SOCIAL
The Future of Work: Special Report
Cloud-based virtual real estate brokerages, offshore labour, and designing and building emotionally and intellectually intelligent buildings will dramatically change the way agents work in the future, experts say. The days of real estate agents existing solely in a bricks-and-mortar office are already dissolving, with US cloud brokerage eXp Realty hitting more than 10,000 agents and uplisting on the Nasdaq Stock Market late last month. The agency…
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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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Elite Agent TV
National Auction Round Table Part 5: Becoming an Auctioneer
Other videos in this series TRANSCRIPT Steve Carroll: What’s the difference between an ordinary auctioneer and a very, very good auctioneer? James Bell: I think understanding the dynamic of buyer and seller. I feel blessed that I’ve had the ability to have sold in our industry for 18,-19 years, and be an auctioneer that has sold and can read buyer-pattern movement, things like…
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INDUSTRY NEWS
Rents still on the rise, but the pace has slowed
According to the latest Quarterly Rental Review from CoreLogic, rents are still on the rise, but at a slower pace than they were 12 months ago. The June 2018 report tracks median rents across the capital cities and region for the second quarter of the year and shows a general slowdown in the rate of rental growth. Historically the second…
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FRANCHISE NEWS
Andrew Ramsey joins The Agency Gold Coast
Andrew Ramsey has made the decision to close his independent agency Black Label Property and join The Agency Gold Coast. Mr Ramsey has sold over $100 million in residential property in the last decade, and has a background in elite sports management. “I am thrilled that Andrew Ramsey has accepted our invitation to join The Agency,” said The Agency Gold…
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FRANCHISE NEWS
Familiar faces have a new home at Ray White Clayton
Duo Michael Renzella and Lee Botsios branched out from their roles at Ray White Oakleigh to open their own office in the south-east Melbourne suburb of Clayton. The duo will bring their extensive area knowledge and connections to the new office, and continue to offer the service they have become renowned for as local business owners. Mr Renzella comes from…
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Every Agent Has a Story
Every Agent Has a Story: Randal Sharp
Every Agent has a Story Season 2 is brought to you by Other episodes from Every Agent has a Story Season 2 This story comes from Randal Sharp, Director of Think Property & Co, who shares the key lessons he learned during newly signed property lease. When visiting a new property, have a colleague or someone else with you for…
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FRANCHISE NEWS
Ray White’s Connect 2018 puts the fun back into leadership training
Some 3000 agents and brokers will arrive on the Gold Coast for Connect 2018 in mid-August, bringing together the White family businesses of Ray White, Loan Market, Wealth Market, Home Now, Living Here, White & Partners and Concierge. The Connect 2018 program has been developed to inspire all delegates to learn and have a lot of fun networking along the…
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