Search Results for: melbourne
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Real Estate News
July 2018: Interest rates on hold, Industry reaction
At its meeting yesterday (3rd July 2018), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 21st consecutive meeting. “Nationwide measures of housing prices are little changed over the past six months,” says RBA Governor Dr Philip Lowe. “Conditions in the Sydney and Melbourne housing markets have eased, with prices declining in both markets.…
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AREC2018 EA Studio
AREC2018 Feature Interview: Tom Ferry with Claudio Encina
TRANSCRIPT Claudio: Welcome to Elite Agent Magazine. Here we are at AREC 2018 and AREC wouldn’t be the same if we didn’t have our man, Tom Ferry here. Tom, welcome. Tom: Appreciate it, guys. Claudio: Can I just ask you, Tom? Is this your fifth AREC? Tom: So, I figured out this is my fourth AREC. First one was 1991…
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INDUSTRY NEWS
Values continues to trend lower in June as investor activity continues to fall
CoreLogic has released its June home value index results which show, at a national level, values fell for the ninth consecutive month in June, taking national dwelling values 1.3 per cent below their September 2017 peak. The results revealed that Australian dwelling values tracked lower in June, down 0.2 per cent over the month to be 0.8 per cent lower…
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SUPPLIER NEWS
Industry Supplier Update: Style Bundle at AREC 2018
TRANSCRIPT Susan Beardsley: Hi, my name is Susan, I’m from Style Bundle. At Style Bundle, we’re all about tailored gift solutions for the property industry. Suzy Leys: We are the property gifting specialists. We tailor make gifting programs for our clients in the property industry. Susan Beardsley: We do it in a way that brings together a story for your…
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INDUSTRY NEWS
Everything you need to know about changes coming into place from July 1
Federal GST changes for property After July 1 2018 buyers of new residential houses, apartments and land blocks will be responsible for making sure the GST on their purchase is paid to the ATO as part of the settlement process. This GST will not be an additional cost to buyers, it’s already part of any contracted purchase, but prior to…
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FRANCHISE NEWS
Realmark combine community and property
Realmark has successfully combined an online property marketing strategy by helping raise funds and awareness for a great local charity. Realmark Agent, Paul Tonich teamed up with close friend and client Assunta Meleca, founder of Racing for MNDi, to help pull the spotlight onto her campaign which stands for Motor Neurone Disease inherited. Realmark has always encouraged local engagement within…
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INDUSTRY NEWS
New report shows foreign buyer taxes on the decline worldwide
According to a new Juwai.com report the world will see fewer new foreign buyer restrictions imposed in top Chinese property destinations in the year ahead than in any of the prior three years. The Foreign Buyer Restrictions Report 2018-19 points out that Canada’s two largest provinces, six of Australia’s eight states and territories, and Australia’s national government have all increased…
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INDUSTRY NEWS
New report reveals first home buyer hotspots
Domain has released its First Home Buyers Report, revealing the locations offering the quickest path to purchase (based on time to save a 20 per cent deposit) and the lowest entry prices for first home buyers across Australia’s capital cities. “The report aims to make it easier for home hunters to determine the areas that offer the most promise based…
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INDUSTRY NEWS
Top agents head to Melbourne for Ray White industry event
Agents from all over Australia this week attended an industry function in Melbourne hosted by the leading property group Ray White. More than 100 real estate agents from many different brands – both boutique and other franchise groups – travelled from Adelaide, Perth, Brisbane, Sydney and across Melbourne to compare notes on their markets and performance amid the backdrop of…
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FRANCHISE NEWS
Award winning agent Jeff Anderson joins @realty
Award-winning real estate agent and avid football fan Jeff Anderson is switching teams to kick goals for fast-growing national real estate network @realty, which has recruited 500 agents in the past four years. Mr Anderson, who was managing director of an agency in Carnegie and has conducted more than 4,000 successful auctions in his 34 years in real estate, is…
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FRANCHISE NEWS
Boutique real estate brand poised to take over Victoria with new acquisition
Multi-award-winning sales agent Adam Joske has joined Belle Property as Head of Victoria & High Performance Coach and Trainer – a major acquisition which positions the boutique brand to break into the competitive residential real estate market in Victoria. “Acquiring Adam to the team is one of the biggest acquisitions for Belle Property in recent years. He has an incredible…
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Real Estate News
Boutique agency opens second office
Fresh off the back of a keynote at AREC 2018, WHITEFOX have opened a second office in Melbourne. The new office, at 590 Malvern Road, Prahran, marks a quick expansion for the agency, under the helm of director Marty Fox. And although WHITEFOX prides itself on having ‘no core’ area, they identified the need to bring an office to an area…
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INDUSTRY NEWS
New research identifies next suburbs to gentrify
New research released by the Property Investment Professionals of Australia (PIPA) has revealed the next city suburbs set to gentrify. The research, by PIPA chairman Peter Koulizos, looked for similar signs that could help homebuyers and investors pick the next suburbs to gentrify. Mr Koulizos said the research will help homebuyers and investors maximise their capital growth potential by purchasing…
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Elite Agent
Despite an overall softening, the outlook is good for most Australian property markets
Property valuers Herron Todd White (HTW) have released their monthly Property Clock report for June, and they say that at the halfway point, the outlook is not as bleak as it was thought to be earlier on in the year. Commercial Commercial is good news in all states other than SA and NT according to the HTW report. Although the…
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INDUSTRY NEWS
Industry reacts to new ABS data showing continued housing finance falls
ABS housing finance figures show a continued fall in home loan lending as the fallout from the banking Royal Commission sets in. ABS data released today shows a 0.9 per cent drop in investor lending and an 0.2 per cent in all lending from the previous month, according to the seasonally adjusted figures from the ABS. While these falls are…
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INDUSTRY NEWS
Melbourne dominates population and residential hotspots in latest HIA report
HIA has revealed Australia’s strongest markets for home building in their HIA Population & Residential Building Hotspots report for 2018. “Melbourne has dominated this year’s report, with 12 of Australia’s top 20 building growth areas all located around Victoria’s capital,” said HIA’s Senior Economist, Shane Garrett. “According to the HIA Population & Residential Building Hotspots Report 2018, the Mickleham-Yuroke area…
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FRANCHISE NEWS
CBRE team donates $20,000 to Dockers’ MND cause
The Melbourne City Sales team of Australia’s biggest commercial property agency, CBRE, has made a generous $20,000 donation to support Fremantle Football Club and coach Ross Lyon’s participation in the MND Big Freeze event this weekend at the MCG. CBRE National Director and head of the sales team, Mark Wizel, said his team was honored to make a contribution to…
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FRANCHISE NEWS
Barry Plant CEO takes on sharks for charity
Mike McCarthy, CEO and Director of the Barry Plant Group, is diving with the sharks this Friday to raise funds for HeartKids, an organisation that supports children (and their families) affected by congenital/childhood heart disease. As part of their annual Super Boss fundraising initiative, HeartKids have organised an event where a range of industry CEO’s dive with the sharks at…
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INDUSTRY NEWS
Housing affordability improves, while rental affordability declines: REIA
Despite falls in Victoria, South Australian and the ACT during the first quarter of 2018, a new report from the Real Estate Institute of Australia and the Adelaide Bank has found that affordability is improving. The March quarter 2018 edition of the Adelaide Bank/REIA Housing Affordability Report found that the proportion of median family income required to meet average loan…
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TECH + SOCIAL
How to Stop Making Noise and Start Adding Value on Social Media
Let’s face it: real estate agents aren’t well beloved by the public. Which is a pity, really. As a nation who’ve built their wealth variously on the sheep’s back and on real estate speculation, you’d expect that homeowners would have more reverence for the role of the negotiator. Real talk is: the responsibility of improving our industry’s reputation lies with…
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INDUSTRY NEWS
June 2018: Interest rates on hold, Industry reaction
At its meeting yesterday (5th June 2018), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 20th consecutive meeting. REA GROUP “The economy still isn’t growing fast enough to warrant an increase,” says REA Group Chief Economist Nerida Conisbee. “The issue is consumer confidence. While businesses are feeling far more confident, this is…
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FRANCHISE NEWS
Ray White ‘powers up’ property managers
Customer service is the key to long lasting success from every transaction, or interaction, members have with clients, according to Ray White. Ray White head of property management Emily Sim said “customer service is our core message now more than ever before”. Ms Sim and her team have just concluded a series of national training and networking sessions for property…
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FRANCHISE NEWS
Independent joins Raine & Horne to tap Queensland population growth
A boom in property buyers and investors from Sydney and Melbourne has influenced an independent property firm in Brisbane’s Redland City region to switch to leading global network Raine & Horne. “Queensland’s population is projected to reach 5 million this month, according to the Australian Bureau of Statistics,” says Stephen Anderson, Co-Principal of Raine & Horne Birkdale, which launched this…
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SELLING + MARKETING PROPERTY
Stop the selfish marketing and increase your client base
Is your marketing more focused on how great you are as a real estate agent than what you can do for your clients? Sabri Suby explains how to re-align your pitch to lure customers with value rather than drive them by urgency or fear. For as long as I can remember, real estate agents have used selfish marketing where the…
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EPM: Profile
Karmen Costigan: Acting On Experience
Pursing a Hollywood dream isn’t always as glamorous as it seems. Karmen Costigan explains how, after success as an actor in Melbourne, she and her partner took the opportunity to pursue the Hollywood dream. Roles as an extra in films like Being John Malkovich followed, along with a stint playing Mary Poppins for Disney. But in the late 1990s they…
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SUPPLIER NEWS
Agentbox joins forces with UK-based Reapit Group to expand Australian offering
Leading Australian real estate CRM solution, Agentbox, have partnered with the Reapit Group to deliver comprehensive solutions across sales and property management in the Australian market. The Reapit Group is a leading provider of CRM and property management solutions in the UK residential real estate space. The combined company is backed by Accel-KKR, a technology-focused investment firm with $4.3 billion…
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INDUSTRY NEWS
Sotheby’s appoints award-winning local agent to lead the Northern Territory
Sotheby’s International Realty has announced its expansion into the Northern Territory market. The global luxury real estate powerhouse has opened in Darwin, helmed by local realtor May Dunlop, adding to established Australian offices in Melbourne, Sydney, Gold Coast, Adelaide and Hobart. Ms Dunlop is no stranger to the Northern Territory real estate world and is looking forward to bringing the…
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OPINION
How to transition suburbs as an established agent: Mark Earle
Many real estate agents would never consider transitioning suburbs. Those that are looking to move house in a neighboring suburb often stay as an agent in the same area. But it is possible to transition suburbs, even as far as to the opposite side of Melbourne, but when there is no synergy between suburbs, there is sure to be a…
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OPINION
The results are in, the investor crackdown has hit hard: Nick Bendel
No, you’re not going crazy – investors really have been piling out of the market in a big way. The latest seasonally adjusted figures from the Australian Bureau of Statistics prove the point, with investment lending in March 2018 falling to its lowest level since January 2016. The value of investment finance commitments dropped 9.0 per cent over the month…
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FRANCHISE NEWS
Adrian Wood further bolsters The Agency’s Melbourne growth
Leading Port Phillip agent Adrian Wood has joined The Agency’s Albert Park team alongside Michael Paproth and Peter Kakos. Adrian Wood is known for repeat property sales, inter-generational client relationships and off-market success. He has reportedly achieved $70 million in property sales over 2017, a 97% clearance rate over the past two years and transacted $13.6 million in off-market sales…
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EPM: News
LPMA 2018 Annual Award Winners Announced
The annual Leading Property Managers Association Awards night was held on May 10th at The Star on the Gold Coast with over 400 industry guests in attendance. LPMA Australia National Manager, Jodie Stainton said, “It was an extraordinary night rewarding extraordinary efforts! All of our finalists worked so hard to get to this point so it was amazing putting on…
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INDUSTRY NEWS
Is a crunch in investor mortgage demand now starting to bite?
Dwelling values, particularly those in Sydney and Melbourne, have been falling now for a number of months. The latest ABS housing finance data indicates that the impact of these falls is now seemingly being felt in demand for new mortgages. While the value of lending fell over the month for owner occupiers and investors, the slowdown was much more substantial…
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EPM: Profile
Multi-tasking in Melbourne: Connie Mantello
Tell us a bit about yourself and your role at Mantello Real Estate. My husband and I started Mantello Real Estate seven years ago, with years of experience which guided how we wanted to run a real estate firm. The motto we began with when we started, and still holds true today, is trust, communication and old-fashioned service. My role…
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INDUSTRY NEWS
REA Group Appoints Nick Dowling as Non-Executive Director
REA Group has announced the appointment of Nick Dowling as Non-Executive Director of the company. Mr Dowling is the Melbourne based Chief Executive Office of Jellis Craig. He has a strong real estate background as well as financial and corporate services experience having served as the former Head of Real Estate, Business Banking at Macquarie Bank Limited. Chairman Hamish McLennan…
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FRANCHISE NEWS
New Ray White Berwick owners feel strength of network
The strength of the Ray White brand gives Eric Zhang, Winston Wei, Yun Wei, Ricky Chen and Henry Lin a huge amount of confidence as they open their Berwick office. All are thrilled to acquire ownership of Ray White Berwick, which is located around 39kms southeast of Melbourne’s CBD. “Berwick is an established suburb in the City of Casey and…
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