Search Results for: melbourne
-
Elite Agent
REA Group increases earnings, despite a drop in listings
REA Group Limited (ASX:REA) today released details of the year to date financial information to be reported by News Corp on 7 November 2016 (EDT). REA Group financial highlights from core operations 1 for the quarter ending 30 September 2016 include revenue growth of 16% to $170m and EBITDA growth of 9% to $90m. The strong revenue result was driven by…
Read More » -
National
Clearance rates creep towards 80% (6/11/16)
Auction markets continue their strong run with the weighted preliminary clearance rate holding well above 70% for the 15th week running. Auction activity has continued to rise through in the final month of spring, however, the number of auctions remains well below the highs recorded a year ago. The preliminary clearance rate was 77.5% across 2,490 reported auction results. This…
Read More » -
INDUSTRY NEWS
Whose Depreciation Claim Is Top Of The Block?
Which apartment on Channel 9’s 2016 season of The Block is going to be the most appealing to potential investors? EPM regular, Bradley Beer from BMT Tax Depreciation and his team have run the numbers and share their analysis. Here are the key points: It looks like investors could claim an average of over $2.2 million in depreciation deductions for…
Read More » -
Video of the Week
Video of the Week – Toowoomba being revitalised with changing of the guard
Designed and built by Stuart Valdal, the director of multi-award-winning Vadal Projects, the award was one of six others the Toowoomba-based company won in 2016. “We won four out of a possible five residential renovation categories and the ‘Commercial Renovation up to $2 Million’ category,” Stuart said, adding that they also secured the 2016 ‘Up and Coming Builder’ and ‘Women…
Read More » -
EPM: News
Rent.com.au Partners with Walk Score®
A recent survey conducted by Rent.com.au revealed that 91 per cent of Australian Renters identified location as their number one criterion when choosing their next home, followed by access to public transport and proximity to the CBD. As location plays such a significant part in the rental search, Rent.com.au has partnered with Walk Score®; a tool that promotes walkable communities…
Read More » -
EPM
Forward-thinking and driving change in the Top End: NOW Leasing NT
Working at a drive shaft and hydraulic spare parts company in Hobart back in 1997, one half of the NOW Leasing NT team – Joely Sullivan – never imagined that a three-month job placement in the Top End would set the course for her future career in property management. Now with business partner Jo Griffiths they have taken the leap…
Read More » -
Real Estate News
REIV Awards recognise its best performers
The Real Estate Institute of Victoria has awarded the industry’s top performers for 2016, recognising agencies and professionals who are setting new best practice standards. The REIV’s annual Awards for Excellence are a highlight on the REIV’s event calendar, attended by more than 1,000 real estate agents from across Victoria. At a gala function last night at Crown Palladium in…
Read More » -
Transform
Transform PM Ep 12: Setting KPIs, Sophie Lyon
Thank you to our Episode 12 sponsor: Connectnow, a free moving home service for consumers. It helps to find suppliers in your area and arrange them all in the one spot. This service extends to connections for: electricity, gas, internet, phone, pay TV, and water. Coach: Sophie Lyon Coaching Transcript: Sophie: The topic of KPIs is an incredibly broad topic…
Read More » -
Elite Agent
Are all bets off for RBA rates announcement tomorrow?
A RateCity.com.au analysis of over 30 key economic indicators overwhelmingly point to interest rates on hold in November with the Board tipped to sit tight as they monitor global economic movements. Peter Arnold, Data Insights Director at RateCity.com.au, said the consumer price data will be a key discussion point at tomorrow’s rate decision after last week’s inflation figures came in…
Read More » -
National
Auction Markets Remain Firm (30/10/16)
Auction markets remain firm, recording the 14th consecutive week where the combined capital city clearance rate remains above 70%. The final weekend of October shows the auction clearance rate remains high across the combined capital cities, recording above 70.0 per ent for the 14th consecutive week. There were 2,246 auctions held across the capital cities, with a preliminary auction clearance…
Read More » -
INDUSTRY NEWS
It’s a two speed property market: Domain
Australia has a two speed property market, with some capitals hitting record high prices while other markets weaken, according to the September quarter Domain House Price Report. Nationally the median house price increased by 1.7 per cent over the quarter, but varying levels of local supply and demand are delivering mixed results for individual capitals. Melbourne and Sydney prices have…
Read More » -
EPM
Striking the Right Balance
At the helm of Melbourne’s exclusive Luxe Property estate agency, Sabina Aldouby is about balancing efficiencies and relationships – values which are reflected in the thriving property management-centric business she directs. Iolanthe Gabrie sat down with Sabina to learn more about her 20-year career in the property management category, and why Luxe Property’s old-school end-to-end service has future-proofed her business…
Read More » -
Elite Agent
What’s the market up to? Which market is that?
Property market observers are mentioning an apparent shortage of property listings through the spring selling season this year. Reserve Bank of Australia governor, Philip Lowe, has said that inflation is likely to remain low until the economy is such that it generates enough jobs to stimulate strong growth in wages. Until we get past the end of the mining boom…
Read More » -
Elite Agent
Living the Dream: Christine Henderson
Two years ago Christine Henderson gave up a job in executive management to switch to real estate and is now a property consultant at Hodges Mentone. A lifelong resident of beautiful Bayside, Melbourne, she has high ambitions, takes the trouble to write handwritten notes to clients – and somehow finds time to be a single mum too. How did you…
Read More » -
Transform
Transform PM Ep 11B: Rental Research, Richard Bray
Coach Richard Bray To read more about REA’s key findings on marketing to tenants, read about their LandLord Research Report by clicking here. Coaching Transcript: Missed Part 1 of Richard’s Coaching Session? Click here to watch. This long winding, road is symbolising the rent journey. This is the process and how long it takes for when tenants first think, “All right I’m going…
Read More » -
Elite Agent
Real action needed to address housing affordability, says Grant Harrod
The sustained growth in house prices in the major east coast metropolitan markets is creating a housing affordability crisis that can no longer be ignored by both state and federal political leaders, according to LJ Hooker’s CEO Grant Harrod. The average house price now costs 12 times the average salary (20 years ago this was only four times) and with…
Read More » -
National
Captial City Auction Markets Record Highest Preliminary Clearance Rate This Year (23/10/16)
This week, CoreLogic are reporting the highest preliminary national clearance rate this year, reaching 80.2% over the combined capitals. The number of homes taken to auction this week increased to 2,641, compared with 2,443 over the previous week. The preliminary clearance rate of 80.2 per cent is the highest recorded for the year so far, up from 76.2 per cent…
Read More » -
National
CoreLogic Property Pulse Market Update (w/e 20 September, 2016)
Market update (w/e 20 September, 2016) The Reserve Bank (RBA) released the minutes of their October monetary policy meeting earlier this week. At the meeting the RBA board decided to keep official interest rates on hold at 1.5%. The major points of note from the minutes were: GDP growth moderated in the June 2016 quarter however, it was higher than forecast…
Read More » -
INDUSTRY NEWS
Investor housing demand rises as owner occupier fades, CoreLogic Research
Housing finance data for August 2016 was recently released by the Australian Bureau of Statistics (ABS). Over the month there was $31.4 billion worth of housing finance commitments which was -1.0% lower over the month and -5.1% lower than it was at its peak in April 2015. The $31.4 billion worth of commitments in August was split between $19.5 billion…
Read More » -
Real Estate News
Sydney should look to Melbourne for housing solutions: REINSW
Sydney needs a better balance of new apartments, single dwelling homes and medium density developments, much like Melbourne has, according to the Real Estate Institute of New South Wales. REINSW President John Cunningham said the NSW Government is currently reviewing its planning policies which he described as too convoluted. “Everyone has an opinion on Sydney’s property problems, but there is…
Read More » -
Elite Agent TV
CoreLogic: Housing Market Update, October 2016
Watch CoreLogic’s Housing Market Update for October. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of September, released October 2016. Presented by Tim Lawless, Research Director at CoreLogic. Here are some of the September Highlights, plus the October Outlook, according to Tim Lawless, Head Researcher Values in September – the headlines…
Read More » -
National
Clearance rates remain above 70 percent (W/E 16/10/16)
It has been another strong week for auction results, with a preliminary auction clearance rate of 77.9 per cent. There were 2,405 auctions held across the combined capital cities. Auction volumes still remain below levels of last year. The clearance rate has remained above 70 percent since the last w eek in July. Last week, the final auction clearance rate…
Read More » -
Real Estate News
Raine & Horne back in Glenelg with experienced real estate team
After a short interlude, Raine & Horne is open again in Glenelg, one of South Australia’s strongest real estate markets. Raine & Horne Glenelg will be led by highly experienced property professionals Graeme Sherwell and Christine Pinkus. “Graeme and Christine, who have had many years of real estate experience, are the prefect recruits to our network. They will enable us…
Read More » -
Real Estate News
Domain Rental Report September Quarter 2016
Domain reports that for the last Quarter, the rental market is fairly stable, with little to no fluctuation in rents for most capital cities. A key insight for the September quarter is national vacancy rates. Despite a glut of new developments in both Melbourne and Sydney, the national supply of rental properties is tight, with some markets recording just 0.6…
Read More » -
Elite Agent
Don’t let your clients be fooled by auction clearance rates
Signs that Sydney’s property market is booming should dismissed with clearance rates being partly responsible for skewing market perceptions according to Douglas Driscoll, CEO of award-winning real estate group Starr Partners. Agents need to remember that auction clearance rates cannot be considered the sole barometer for how the market is performing. Part of the role as an agent is to…
Read More » -
National
Volumes rise and return a strong clearance rate (W/E 09/10/16)
After a relatively quiet weekend last weekend, volumes and clearance rates have risen substantially this week. There were 2,246 auctions held across the combined capital cities. The preliminary clearance rate was 79.2 percent this week, up from a final clearance rate of 75.8 per cent last week across just 872 auctions. This week four of the capital cities recorded clearance…
Read More » -
INDUSTRY NEWS
Starting young: Schools Auction Idol in SA teaches students about the art of auction
Raising the profile of the industry in the community, Schools Auction Idol teaches high school students about real estate via the ‘art of auction’. The Schools Auction Idol program is on the brink of achieving its 10th year of operation, and it is slowly but steadily growing: in September 2015, the Inaugural Australasian Schools Auction Idol Championships was held at…
Read More » -
National
Auction volumes fall but clearance rates remain steady (W/E 02/10/16)
There was a substantial drop in auction numbers this week due to the grand finals and the Labour Day long weekend. 853 properties were taken to auction last week, with a preliminary clearance rate of 77.5 percent, compared to the same time last year when there were 865 auctions were held, with a clearance rate of 68.2 per cent. In…
Read More » -
Real Estate News
CoreLogic Home Value Index September 2016
Capital city dwelling values increase by 1.0% in September to be 2.9% higher over the quarter, according to CoreLogic’s Hedonic Home Value Index for the month, taking the current growth phase into its 52nd month. Capital city dwelling values continued to show a strong headline rate of growth over the September quarter, with the CoreLogic Hedonic Home Value Index rising…
Read More » -
FRANCHISE NEWS
Barry Plant Network Awards Its Winners
The Barry Plant Network hosted its 2016 Awards for Excellence at Melbourne’s Crown Palladium last week. Over 1,000 Team Members, Directors, Sponsors and Partners turned up in black tie, except for Mr Barry Plant who wore a red and white striped bow-tie and matching pocket square, proudly declaring that it ought to be mandatory uniform for auctioneers of the group. In…
Read More » -
National
Preliminary clearance rates remain above 70% for the 9th consecutive week (W/E 25/9/16)
It has been another strong week for auction activity, there were 2,445 auctions held across the combined capital cities with a preliminary auction clearance rate of 78.3 per cent this week. Last week, the final auction clearance rate was recorded at 76.2 per cent with 2,149 residential properties taken to auction. At the same time last year, auction volumes were…
Read More » -
Real Estate News
Domain Group continues its expansion into Geelong
Domain Group has continued its rapid push into Geelong with the launch of a new free weekly real estate magazine that will also be inserted into copies of The Age and The Australian Financial Review in Geelong. The new Domain Geelong magazine will have a circulation of 65,000 copies, more than twice the nearest competitor, will be distributed to every…
Read More » -
EPM: News
Sophie Lyon Elected to REIV Board
Jellis Craig Boroondara’s Property Management GM Sophie Lyon has been announced as a new board member of the Real Estate Institute of Victoria (REIV). The REIV is the professional association for Victoria’s real estate industry and has over 2,000 agencies as members. Lyon’s appointment means that she will be one of three female members on the eight-member board; whereas during…
Read More » -
Elite Agent
Digital Innovation and the Art of Storytelling
ANASTASIA FAI, a media industry entrepreneur who founded the video production agency Style & Image, is the creative force behind an interesting new video approach to property marketing. The short film ‘Sunday Blue’, produced for Besser & Co, showcases a day in the life of a listing at 4/24 Hyslop Parade, East Malvern, in Melbourne. We caught up with Anastasia…
Read More » -
National
Auction clearance rates and activity increase slightly – WE180916
This week’s (week ending 18 September, 2016) preliminary auction clearance rate saw the combined capital city clearance rate rose this week, from 75.4 per cent last week to 77.9 per cent. At the same time last year, the clearance rate was 69.9 percent. So far this week according to auction results having been reported to CoreLogic, there were 2,093 capital city auctions…
Read More »