Search Results for: melbourne
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Real Estate News
Blockchain to deliver a faster offer and acceptance solution for buyers and sellers
On December 14, ShelterZoom announced the US release of their Online Offer and Acceptance Platform to speed up the offer/accept element of buying and selling. The technology features an “Offer NOW” widget that can be added to any website and allows offers to be made, accepted and tracked in real time, using the time-stamped, distributed data ledger technology of Ethereum-based…
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Real Estate News
Raine & Horne launches office in Ascot QLD
Raine & Horne who are celebrating 135 years of operation in 2018, has launched into the New Year with an office in Ascot, Brisbane. The office will be led by Adam Duffus, who has extensive sales, real estate and retail experience. Apart from owning a successful independent real estate business in Toowoomba between 2013 and 2017, Mr Duffus owned and…
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FRANCHISE NEWS
Ray White’s year of record network growth
The Ray White Group swelled by a record number of new offices in 2017 after a stellar year attracting some key businesses to its growing stable of more than 1000 offices this year. Ray White Network Development CEO Andrew McCulloch confirmed 2017 was a record year of growth with more than 106 new business owners in Australia calling Ray White…
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Real Estate News
Auction volumes decrease across the combined capital cities returning a 64.2 percent preliminary clearance rate
National auction clearance results for the week ending 17/12/2017 courtesy of CoreLogic. The number of homes taken to auction fell this week, after the surge in activity recorded over the 4 weeks prior when volumes remained consistently above the 3,000 level. There were a total of 2,865 auctions held this week, down on last week when 3,371 auctions where held across the…
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Thought Leaders Podcast
Episode 29: Holiday investment hotspots, selling and leasing during Christmas, the 5 KPIs you should be focusing on in 2018 and more
Weekly wrap: Samantha McLean and Mark Edwards recap the week that was. ‘Elevate’ is the official podcast of Elite Agent Magazine for real estate industry sales professionals, property managers, and leaders. Each episode, we will bring you behind the scenes coaching, news analysis, exclusive interviews, technology, and more to help you list more, sell more, and elevate your results. To…
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Real Estate News
Foreign investor surcharge raises concern in SA
A new foreign investor surcharge to be introduced in South Australia has raised the concern of the real estate industry, with representatives warning the way the tax is being implemented could harm the state’s real estate market. On November 15, SA Treasurer Tom Koutsantonis announced the state would beef up the 4% foreign investor surcharge proposed in the July state…
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INDUSTRY NEWS
New REA Group showroom highlights invention and innovation
Designed by leading interior and architectural design firm, Futurespace, the new showroom was previously occupied by Woolworths, but has now been renovated to become a shared invention and customer space for REA Group. The showroom is fitted for multiple uses, but most importantly demonstrates some of the emerging ideas and technologies that REA Group is developing. Managing Director of Futurespace,…
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INDUSTRY NEWS
Melbourne’s million-dollar boom: REIV
In the year to September 30, 154 Melbourne suburbs recorded a median house price of $1 million or higher from a total of 402 suburbs. A remarkable 90 per cent of suburbs within 10km of the CBD have a million-dollar median house price, while almost 50 per cent of suburbs in the middle ring are also in the million-dollar club.…
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Real Estate News
Tony Chen Appointed to Strategic new role in The Agency Projects division
After working closely with Steven Chen, the Director of The Agency Projects, for three years, Tony Chen has been promoted to Channel Partner Manager. This new role has been created in response to significant changes in the development market over the last couple of years. “This role is a vital addition to the Projects team,” Steven Chen explains. “The Agency…
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Real Estate News
Auction volumes continue to rise with Melbourne having the second busiest week this year
National auction clearance results for the week ending 10/12/2017 courtesy of CoreLogic. The lower weighted clearance rates of late can be attributed to the continual softening conditions across the two largest markets of Melbourne and Sydney, with clearance rates tracking below 70 percent across Melbourne for 5 consecutive week’s now (67.4 percent), however volumes across the city have been consistently higher; with…
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Thought Leaders Podcast
Episode 28: The real estate edition of the Census, Altman Brothers, connecting agents with voice recognition tech, resilience and more
Weekly wrap: Samantha McLean and Mark Edwards recap the week that was. ‘Elevate’ is the official podcast of Elite Agent Magazine for real estate industry sales professionals, property managers, and leaders. Each episode, we will bring you behind the scenes coaching, news analysis, exclusive interviews, technology, and more to help you list more, sell more, and elevate your results. To…
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Real Estate News
CoreLogic November Home Value Index: Values holding steady with Sydney trending lower and Perth bottoms out.
According to CoreLogic head of research Tim Lawless, a significant contributor to the downwards movement over the month came from the Sydney housing market, which recorded a 0.7% fall in dwelling values, while a fall in values was also recorded across Darwin and regional Northern Territory which were both down 0.4% over the month. For the remaining broad regions of…
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Real Estate News
Auction Volumes and Clearance rates steady in the first weekend of Summer with Canberra the standout performer
National auction clearance results for the week ending 03/12/2017 courtesy of CoreLogic. Over the same week last year, auction volumes were similar to this week (3,207), although the clearance rate was considerably higher at 72.3 percent. Across the two largest auction markets, Melbourne and Sydney, both cities saw an increase in the rate of clearance over the week, however the 66.0 percent…
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FRANCHISE NEWS
hockingstuart opens three new offices in response to coastline demand
The network has opened a new office on the Bellarine Peninsula, joining the existing hockingstuart Geelong and Torquay offices in the area. The new office in Ocean Grove will cater to heightened interest from buyers who are looking to Melbourne’s Surf Coast for affordable homes that are still close to businesses and amenities. The increase in demand has been reflected…
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Real Estate News
Returning empty homes to Melbourne’s rental market could be life changing
HomeGround Real Estate, a division of Launch Housing, is calling on owners of empty properties in Melbourne to return 1,000 homes to the rental market. Despite the current housing affordability crisis, more than 7,000 homes in the City of Melbourne municipality remain empty according to City of Melbourne demographic data 2013*. Returning just 14 percent, or 1,000 homes, to the…
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Real Estate News
The number of properties taken to auction continues to rise in the last weekend of spring
National auction clearance results for the week ending 26/11/2017 courtesy of CoreLogic Last week, based on final results, 60.9 percent of the 3,390 auctions held recorded a successful result, the lowest clearance rate since late 2015/early 2016. Once final results are collected, the combined capital city clearance rate tends to revise down so at this stage it’s looking like the final clearance…
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Ask the Coach
Ask the Coach: How to Prepare for the New Year in a Changing Market
Any tips on preparing for the New Year in a changing market? Michael Pastrikos, Ray White Southbank-Melbourne Claudio says: Go back to basics. Write down a business plan with what you would like to achieve over the next 12 months in sales, listings, presentations and market appraisals. Draft a marketing plan – prospecting and canvassing – to create new and…
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FRANCHISE NEWS
Barry Plant Group raises $100,000 in annual “Wishtober” initiative for children with life-threatening medical conditions
For the past four years, the group has renamed October “Wishtober” and the initiative has raised more than $450,000 in total for Make-a-Wish® Australia since its inception. Now a much-loved tradition within the Barry Plant Group, each of the group’s offices contributes donations from commissions earned on every property sold throughout October. The Corporate office also donates a significant amount…
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Elite Agent
Service wins the accolades for Woodards Blackburn
Woodards Blackburn in Victoria recently took home two awards at the recent REIV awards, for Sales Agency of the Year and in Project Marketing. Woodards Blackburn Director and Sales manager Julian Badenach has been with the brand for 18 years, almost all his working life as an agent. Together with Director Cameron Way, they have grown the team to 12…
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OPINION
Douglas Driscoll’s property market forecast for Sydney in 2018
Douglas has forecasted the following 10 property market trends for 2018: 1. House prices to grow. We saw prices drop slightly at the end of 2015, and we’re seeing this again at the end of 2017 – possible evidence that prices could rebound once more. Overall, I think we’ll see the median house price grow by around three…
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FRANCHISE NEWS
November additions complete LJ Hooker’s spring dozen
LJ Hooker will welcome four new agencies to its network over November, taking its overall spring intake to 12 new operations across Australia. Queensland accounts for half of the new additions in November. Catering to the inner-city regeneration of Queensland’s capital, LJ Hooker Brisbane City Residential will begin trading this month, led by long-term brand leader and commercial property expert,…
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EPM: Technology & Social
How Self-Driving Cars Will Change Property Management
I’ve just taken off from Sydney on the way to see our teams in Melbourne. Aeroplane time is always good to get through a backlog or just have some clear headspace. It’s an overcast, windy day in Sydney and take-off is bumpy as we pass through a layer of cloud. I reflect on our own journey from client-server business systems…
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Real Estate News
Third busiest auction week this year with combined preliminary clearance rate in the mid 60’s
National auction clearance results for the week ending 19/11/2017 courtesy of CoreLogic This time last year, 2,987 homes were taken to auction and a clearance rate of 74.4 percent was recorded. The final clearance rate has remained below 65 percent for the last 4 weeks and it’s likely that this will be the case again on Thursday when the final results are…
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Real Estate News
CoreLogic Property Pulse: Are investors driving the current market slowdown?
He asks the question, “Is this occurrence a coincidence, or does this simply highlight just how reliant the housing market has become on demand from the investor segment?” The research results show that over the past five years dwelling values nationally have increased by 39.3 per cent, largely driven by Sydney and Melbourne where values have increased by a much…
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ACT Real Estate News
Overcoming adversity and setting goals: Anna Thomas
If there’s someone who knows a thing or two about overcoming adversity, it’s Anna Thomas, COO of Stockdale & Leggo. Anna grew up at the MCG Pub in Melbourne and was kicked out of home at 19, but became the first woman in her family to get a uni degree (and now she has multiple qualifications). Her career has taken her…
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Real Estate News
REA Group names best in the industry at 2nd Annual REA Excellence Awards
Twenty-two winners from across the country were honoured at the second Annual REA Excellence Awards (AREAs) in Melbourne last night, recognising the property and media industry’s best innovators, marketers and community champions. The awards were presented across the categories of Innovation, Service & Marketing Excellence, and Community. This year saw the introduction of the Gold AREA Agency of the Year award…
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FRANCHISE NEWS
Di Jones thrives as employer of choice
Recently recognised with the REINSW Award for Excellence for Real Estate Agency – Large, Di Jones has experienced a period of strong growth over the past 18 months under the leadership of Rob Ward. Flexible working hours, remote working and agent rewards lie at the core of Di Jones’ success, according to Mr Ward. “We have a strong focus on…
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Real Estate News
Clearance rates remain below 70% for 5th consecutive month with volumes on par to last year
National auction clearance results for the week ending 12/11/2017 courtesy of CoreLogic Clearance rates have continued to track below 70 percent since June the year; this is a considerably softer trend than what was seen over the same period last year when clearance rates were tracking around the mid 70 percent range for most of the second half 2016.Results across each of…
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Real Estate News
Sunshine brings higher auction prices: UTS
“There is a link between sentiment, or mood, as measured by consumer sentiment surveys, and asset prices – including house prices,” says Dr Adrian Lee, Senior Lecturer in Finance at UTS Business School. “Weather is known to affect mood, and some studies have shown a link between the weather and stock prices, so we decided to look at weather and house…
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Thought Leaders Podcast
Episode 19: Rental searches, How to get property editorial, Better customer experiences, Productivity apps, Rethinking video + Sharks and more
Weekly wrap: Samantha McLean and Mark Edwards recap the week that was ‘Elevate’ is the official podcast of Elite Agent Magazine for real estate industry sales professionals, property managers, and leaders. Each episode, we will bring you behind the scenes coaching, news analysis, exclusive interviews, technology, and more to help you list more, sell more, and elevate your results. This…
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INDUSTRY NEWS
CoreLogic Property Pulse: Non-capital city housing markers a real mixed bag
Prepared by CoreLogic research analyst Cameron Kusher, while the research showed that dwelling values were flat in October, they fell by -0.1% over the quarter and were 4.9% higher over the past 12 months. The quarterly decline in values was the largest fall since the three months to October 2014 while the 4.9% annual change was the lowest annual change…
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NSW Real Estate News
Doug Driscoll reveals his 2018 Sydney suburb hotspot predictions
Douglas Driscoll, CEO of Starr Partners has announced his top 10 Sydney suburbs to watch in the upcoming year. 1. Leppington Leppington has seen significant housing development after re-zoning and is very family-centric. With Coles and Woolworths moving in this year, I think we can expect to see this area go from strength to strength. The new NSW rail changes coming into…
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INDUSTRY NEWS
RBA leaves rates on hold in November meeting plus wrap up of industry commentary
Despite low inflation and weak wage growth, the decision comes as no surprise with some industry experts welcoming the decision. The RBA last changed its monetary policy settings in August 2016 when rates were edged down 0.25 percentage points to the current low of 1.5 per cent. “The Bank’s forecasts for growth in the Australian economy are largely unchanged,” RBA…
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Elite Agent
Noel Jones launches consumer information site melbournepropertytalk.com.au
melbournepropertytalk.com.au launched last week and is a new brand for the Noel Jones team, geared at engaging customers online before they might normally approach a real estate agent. Director, and recent winner of REIV Salesperson of the Year, Matthew Scafidi said, “Melbourne Property Talk was a natural progression for us to offer a platform where we could truly educate, inform and…
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OPINION
First timers homing in to opportunity: Andrew Cocks
There’s been a predictably mixed response to the release of CoreLogic figures showing another month of declines in Sydney house prices. From some there have been howls that the sky is falling, the boom turned to bust, and the imminent collapse of lives and livelihoods. But there is one group for whom the slow-down we had to have has given…
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