Search Results for: melbourne
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INDUSTRY NEWS
CoreLogic Quarterly Economic Report Update – April 2018
Value of Residential Property: $7.5 trillion Value of Australian Superannuation: $2.5 trillion Value of Listed Equities: $1.9 trillion Value of Commercial Real Estate: $0.972 trillion Nationally, dwelling value growth has stopped in its tracks, in fact, over the first quarter of this year, national dwelling values have fallen by -0.5%. Although the quarterly rate of decline has slowed compared to…
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Real Estate News
Two Victorians to compete for Australasian Auctioneering Honours
Two Victorian auctioneers will bid for Australasian honours later this year with the REIV announcing Luke Banitsiotis of Woodards Blackburn and Michael Wood of Marshall White and Co will represent Victoria at the Australasian Auctioneering Championship in Auckland in mid-October. The two were declared the top performers in the 2018 Senior Auctioneer of the Year competition held at REIV headquarters over…
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INDUSTRY NEWS
Budget 2018: The plan for a stronger economy
Last night Treasurer Scott Morrison handed down the 2018 budget, designed to focus on job creation, guarantee essential services and supporting older Australians. He also announced greater infrastructure initiatives including 24 Billion to be spent over roads and rail in the next decade while “bringing the budget back into balance”. Treasurer Scott Morrison’s Budget Speech Streamed live on Facebook Key…
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INDUSTRY NEWS
European model reducing the cost of Australian housing
Baugruppen is a housing model first established in Germany that sees like-minded home buyers come together to design and build multi-residential housing. Rather than buying off the plan, they buy land as a group and then commission designers and builders to construct projects to their specifications. The Conversation explains the name roughly translates to “building group” and “stands for a long tradition…
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INDUSTRY NEWS
US’s National Association of Realtors® backs ActivePipe and is handpicked for NAR REach® 2018 Accelerator Class
ActivePipe, a Melbourne-based automated communications platform for the real estate industry, announced that the National Association of Realtors® (NAR) is taking a minor stake in the company and has been chosen as one of only eight companies into the exclusive National Association of Realtors®’ Second Century Ventures 2018 REach® accelerator program. The REach® program is focused on providing early-to-mid-stage companies…
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FRANCHISE NEWS
OBrien Real Estate extends network into Melbourne’s Northern Suburbs
Victorian Boutique franchise group OBrien Real Estate established its first franchise office in February 2013 and now has just opened its 25th office located in the growth belt of the outer northern suburbs. OBrien Real Estate originated from the south east corridor some 42 km’s from Melbourne’s CBD and until recently had all its offices situated on the east side…
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INDUSTRY NEWS
May 2018: Interest rates on hold, Industry reaction
At its meeting yesterday (1st May 2018), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for it’s 19th consecutive meeting. REA GROUP “More indicators are pointing to improving economic conditions and given how fast the US is growing, this will support our economy,” said REA Group’s Chief Economist, Nerida Conisbee. “The main thing…
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INDUSTRY NEWS
CoreLogic April Home Value Index: values record their first annual decline since November 2012 while regional dwelling values continue to edge higher
CoreLogic released its April home value index results which, at a national level, revealed a fall of 0.1% for the month, the seventh consecutive month-on-month fall since values started retreating in October last year. Similar to previous months, CoreLogic head of research Tim Lawless found that the declines were concentrated within the largest capitals, while regional dwelling values edged 0.4%…
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FRANCHISE NEWS
Ray White welcomes Aaron McDonald back to the agency
Melbourne auctioneer and agent Aaron McDonald has been welcomed back to one of Victoria’s leading agencies, Ray White, with open arms. Mr McDonald said he was excited be back at Ray White after running his own business and working with a local agency, where he was awarded the number one sales agent from 2014 to 2017. He has successfully helped…
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INDUSTRY NEWS
Affordability improving in most capital cities: HIA
“Affordability improved in most of Australia’s capital cities during the first three months of 2018 as house price pressures eased,” said Shane Garrett, HIA Senior Economist. HIA’s Affordability Index is calculated for each of the eight capital cities and regional areas on a quarterly basis and takes into account latest dwelling prices, mortgage interest rates and wage developments. The results…
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FRANCHISE NEWS
Lennox Head homecoming for top real estate agent Nick Bordin
Top real estate agent Nick Bordin makes the move to the North Coast, joining Elders Real Estate Lennox Head, following a stellar career in Sydney. Originally from the Northern Rivers town of Kyogle, Mr Bordin moved to the North Coast to pursue a career in real estate when he was just 18. Mr Bordin puts his big city success down…
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FRANCHISE NEWS
William Chen and Anton Zhouk spearhead Buxton’s Boroondara expansion
Already familiar faces in Boroondara, leading agents William Chen and Anton Zhouk have been announced as the Directors of Buxton’s newest office in Balwyn. A Balwyn resident himself, William Chen has lived and worked in the area for the past 10 years and is looking forward to joining the Buxton brand. He has sold close to a billion dollars’ worth of…
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INDUSTRY NEWS
Rental rates climb over seasonally strong first quarter: CoreLogic
CoreLogic has released its first Quarterly Rental Review for 2018, which tracks the median rental price of houses and units across Australian capital cities and regions. The quarterly report measures the percentage change in rental prices over the first quarter, which is typically the strongest for rental appreciation and growth, as well as over the past 12 months to March…
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Real Estate News
Raine & Horne opens new office in Craigieburn
Raine & Horne has opened its 20th new office in the last six months, with the launch of a business in Melbourne’s north, with Gerry Verma and Terry Singh at the helm. Randolph Clements, Managing Director, Raine & Horne Victoria, said, “Craigieburn is strategically vital to our expansion as it is now a suburb to watch after being overlooked by owner-occupiers…
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FEATURE INTERVIEWS
The Numbers Game: Ash Weston
Ash Weston fell into real estate by accident after dropping out of high school and cutting his teeth on a variety of manual jobs. Now he’s one of Ray White’s top agents, winner of several awards and last year earned fees of over $1,500,000. But he has never forgotten the lessons he learned on the factory floor. How did you…
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INDUSTRY NEWS
Finalists announced for the Leading Property Managers Association Awards
The finalists of the 12 categories for the Leading Property Managers Association Awards have been announced with the winners to be revealed at the LPMA conference, 10-11 May on the Gold Coast. “The LPMA Awards are an opportunity for the best in our industry to shine and get the recognition that they deserve,” said LPMA Australia National Manager Jodie Stainton.…
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FRANCHISE NEWS
Ray White Burnside recreates village vibe
Ray White Burnside has now officially opened their stylish new office in the heart of Adelaide’s blue-chip eastern suburbs. This is the third business for owners Brett and Kirsty Pilgrim, as they keep learning and developing high-performing teams in Adelaide’s east. In a model set to be copied by others in the industry, the Ray White Burnside office has been…
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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
April 2018: Interest rates on hold, Industry reaction
At its meeting today, the RBA Board decided to leave the cash rate unchanged at 1.50 per cent. “The housing markets in Sydney and Melbourne have slowed. Nationwide measures of housing prices are little changed over the past six months, with prices having recorded falls in some areas,” says RBA Governor Dr Philip Lowe. “In the eastern capital cities, a considerable additional…
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Commercial Real Estate
Savills Australia welcomes new director to Melbourne team
Savills Australia has brought James Girvan on to the capital transactions team. It’s a return to Savills for Girvan, who brings 13 years’ experience in commercial property agency and valuations to the role. Relocating from Sydney to Melbourne for the role, Girvan has overseen over $3 billion worth of commercial property transactions. Those transactions include 231 Elizabeth Street for a…
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FRANCHISE NEWS
Raine & Horne to open new office in Albury
Raine & Horne’s investment in online services, coupled with national brand presence, played a significant role in encouraging leading Albury sales agent, Mel Watson to open the firm’s newest office. Raine & Horne Albury will deliver residential sales and property management services and will operate from 22/11 Volt Lane, Albury. “The Raine & Horne website is very user-friendly,” said Ms Watson,…
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FRANCHISE NEWS
Xynergy Realty celebrates 10-year anniversary
When Bruce Oliver and Ivan Tandyo started Xynergy Realty in 2008 out of Ivan’s two-bedroom apartment, they had no idea they would manage over $1.3 billion worth of assets ten years later. 2018 marks Xynergy Realty’s ten-year anniversary, providing a time to reflect on all the duo have been able to achieve – from managing 2,000 properties to employing over…
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FRANCHISE NEWS
Ray White agents ‘link up’ to celebrate referrals
REAL estate agents, mortgage brokers and financial advisers from all over Australia and New Zealand have spent a memorable evening at the historic village in Crows Nest where it all began for property giant Ray White in 1902. The attendees were the winners of the group’s biggest-ever referral initiative called LINK which saw every facet of the White family business…
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INDUSTRY NEWS
National property growth slows as Hobart booms
New data from the ABS for the December 2017 quarter shows a big change in the pattern of growth across Australia’s cities. Residential property prices rose 5 per cent through the year to December quarter 2017, with growth easing from the September (+8.3 per cent) and June (+10.2 per cent) quarters 2017. Sydney’s slump was buoyed by other states, including…
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FRANCHISE NEWS
The Bundaberg agent making million dollar deals with China
RE/MAX Precision prinicpal Scott Mackey told Elite Agent how he’s using his city’s China connection to boost the Bundaberg economy. Scott Mackey has been in real estate for 22 years and spent all of his career working in Bundaberg. He’s come to know the market like the back of his hand and says there’s more diversity that you may think.…
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INDUSTRY NEWS
Property resales still show profit, despite cooling conditions
Despite the slowing property market, nine out of 10 properties still sell at a profit to their vendors according to the new Corelogic Pain and Gain report for December quarter 2017. 91.1 per cent of all property that sold during the December quarter went for a price that was above the previous purchase price, up from 90.9 per cent the…
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FRANCHISE NEWS
First National awards celebrates winners in Victoria and Tasmania
Victorian and Tasmanian agents were in the spotlight at First National Real Estate’s General Excellence and Marketing Awards, held at the Grand Hyatt Melbourne on Saturday revealing the leading agents and offices of 2017 from across the country. ‘2017 was an outstanding year for First National Real Estate. The network added some exceptional new members and, through great leadership, our…
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INDUSTRY NEWS
Social Sustainability Action needs to Step Up
With the nation’s premier annual conference on sustainability in the built environment underway this week in Melbourne, the Property Council is turning the spotlight on social sustainability as the next significant area of concerted industry action. Chief Executive Ken Morrison released a new report that defines key concepts and brings together case studies looking at the industry’s growing social sustainability…
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OPINION
How self-driving cars will affect property values: Sally Tindall
The robots are coming. And believe it or not, they might affect the price of the properties you sell. The robots I’m talking about in this instance are autonomous vehicles, also known as self-driving cars. They already exist, and will one day become mainstream. Nobody can say for certain when that will happen, but some believe it could be within…
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EPM: Industry News
The suburbs helping rentvestors outperform homeowners
The technique of rentvesting has become increasingly popular with property investors around the country. Now new research from LocationScore.com.au shows the suburbs where renters are paying less than homeowners for the same lifestyle. The property research site has identified the top suburbs around the country where renters are paying less than owners to enjoy the same top-notch lifestyle. In NSW…
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Real Estate News
Chatbots are coming to an apartment near you
As anyone who has ever worked in strata management can appreciate, often inquiries and complaints relate to similar things – Can I book a facility? What day is bin day? And that good old strata living gem, how do I make a noise complaint? A new service called Strata.chat sees chatbots taking on some of this repetitive grunt work, allowing…
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FRANCHISE NEWS
McGrath hosts annual leadership forum in Melbourne
More than 100 of McGrath’s business leaders, executives and franchisees gathered together in Melbourne this week for the company’s annual Leadership Forum, held over two days. The company’s largest leadership forum to date was led by McGrath Founder and Executive Director John McGrath and recently appointed CEO Geoff Lucas. Chair of the McGrath Board Peter Lewis joined Mr McGrath and…
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EPM: Industry News
Morgan Stanley report shows Airbnb growth has slowed overseas but Australian data tells a different story
According to a recent report from Morgan Stanley, as awareness of security issues rises, Airbnb’s growth slows. The third annual AlphaWise survey saw the researcher drop their prediction of Airbnb growth by over 50 per cent, from 29 per cent to 12 per cent, in the EU/US. However, the data in Australia tells a much more concerning story for property…
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INDUSTRY NEWS
Property developer Goldfields appoints McGrath to market its first QLD project
McGrath Estate Agents, a division of McGrath Limited (ASX:MEA) has been appointed by Goldfields as the exclusive agent to market the sale of its latest project, Hayfield, in Brisbane’s western growth corridor. McGrath Projects General Manager Adam Sparkes said “We are delighted to be representing Goldfields as they launch their first Queensland project, Hayfield, in the Ripley Valley. Goldfields have…
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Real Estate News
New co-ownership platform launches to tackle housing affordability challenge
Kohab, a digital platform, community and marketplace for co-ownership, launched yesterday. The platform helps friends, family and like-minded buyers purchase a home together, connecting them with the right property, real estate agent, legal, mortgage and insurance providers all in the one place. Platform partners such as Sparke Helmore and National Australia Bank have been specifically selected by Kohab for their…
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