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Real Estate News
LJ Hooker opens new office in North West Tasmania
LJ Hooker has expanded its network in North West Tasmania with the opening of LJ Hooker Devonport. Experienced local real estate specialists Michael Ziegler and Melissa Burtt will head up the new office, which offers a full suite of real estate services across residential properties, including sales and property management. With 16 years’ combined experience in the real estate industry,…
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Elite Agent
Clock’s tickin’ – Qld and SA in recovery as NSW continues its decline, according to Herron Todd White
The Sunshine Coast and Bathurst are among areas sitting at the top of the property clock, bucking a trend which sees most of New South Wales in a steady decline, while much of regional Queensland begins its recovery. These are the latest insights from independent valuation and advisory firm Herron Todd White who also had some good news for much…
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INDUSTRY NEWS
Short term growth forecasts for affordable suburbs
New research by research group sellorhold.com.au has uncovered 15 affordable suburbs around Australia, where they say buyers are tipped to make at least $50,000 in three years after offloading underperforming properties elsewhere. Head of Research Jeremy Sheppard said low growth forecasts were common in a number of suburbs in Darwin and Perth, which means that investors would likely be better…
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Real Estate News
Five suburbs set to lead Sydney price rises
Analysis by a Sydney buyer’s agent has revealed five leading-indicator suburbs set to be at the forefront of price gains during the city’s next growth cycle. Principal and buyer’s agent at Buyers Domain, Nick Viner, said by studying the data and applying on-the-ground knowledge, he has identified locations he considers beacons of overall price rises. “The facts are that certain…
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Real Estate News
International House Sydney: Rider Levett Bucknall Australian Development of the Year
Lendlease has claimed the nation’s top property prize, receiving the Rider Levett Bucknall Australian Development of the Year award for their innovative timber marvel, International House Sydney. Lendlease was presented with the accolade at the Property Council of Australia / Rider Levett Bucknall Innovation and Excellence Awards in Sydney on Friday. “International House is not only a construction industry ‘game…
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Real Estate News
Downsizer’s dream wins Victoria’s top property honour
Piccolo Developments have taken out the Property Council of Australia’s Rider Levett Bucknall Victorian Development of the Year award for Elwood House. Elwood House is a low-lying brick building featuring 30 apartments and three retail tenancies. “Elwood House emphasises quality of life with a stunning design in harmony with the local community,” Property Council’s Victorian Executive Director Cressida Wall said.…
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Sponsored Content
An ongoing success: Mark Sinclair
We recently facilitated a sale of a business as a going concern with positive outcomes for both buyer and seller. While there was additional due diligence and settlement requirements, this deal was relatively seamless for everyone involved. With so much interest from agency owners keen to understand each selling option and which is best for them, we wanted to share…
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Real Estate News
RE/MAX holds its first Project Marketing Forum
RE/MAX Australia held its first Project Marketing Forum recently, with the aim of demystifying the project sector for real estate agents. Twenty-five agents from across Brisbane attended the Forum, with interests ranging from five-townhouse developments to large multi-level complexes and land subdivisions. The key speaker at the forum was John Lunney, Development Director at De Martini Fletcher, who was supported…
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VIC Real Estate News
Study reveals economic and health benefits of denser suburbs
New research has shown that denser and more walk-able suburban developments keep chronic diseases at bay and deliver lifetime economic and health gains of $4,500 for every resident. The paper, published by RMIT University urban researchers in the International Journal of Behavioural Nutrition and Physical Activity, shows there is economic and health benefit to designing new suburbs with health objectives…
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Real Estate News
Budget 2019 focused on a strong economy
Prime Minister Scott Morrison and Federal Treasurer Josh Frydenberg handed down the Federal Budget last night. With a Federal Election on the horizon, the centrepiece of the budget was a cash rebate pitch to middle income earners and no changes to taxation legislation this side of an election. It’s the second year in the row there was no mention of…
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Real Estate News
Regional development manager takes top female leadership award
The winner of the 2019 Urban Development Institute of Australia (UDIA) and Frasers Property National Women in Leadership Award for Excellence has been announced, with Lendlease Regional Development Manager – Communities, Tamara Rasmussen, taking the top accolade. Ms Rasmussen has worked in property and development for two decades, including 15 years with Lendlease, and says she is thrilled to have…
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Real Estate News
Rod Leaver appointed CEO of Knight Frank Australia
Stephen Ellis has announced he will be retiring from Knight Frank Australia, effective 30 June, with Rod Leaver taking the position as Chief Executive Officer on 6 May 2019. Mr Leaver will report to Kevin Coppel, Managing Director, Asia Pacific. Since returning to Australia in 2016, Mr Leaver has been advising groups on real estate strategy, portfolio governance and urban…
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Real Estate News
Ray White WA hold half-yearly awards
Ray White Western Australia held their half-yearly awards on 22 March at local venue Steve’s in Nedlands, honouring the top performers across sales and property. Vivien Yap of Ray White Dalkeith | Claremont was the big winner of the evening; she was named the Top Selling Principal in Western Australia and received accolades for the Top Office and Top Marketing…
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Real Estate News
New ideas for more diverse housing in Sydney
The City of Sydney is calling for new ideas to boost the diversity of housing across the city, with a focus on identifying and developing new models to increase affordable housing supply. The Alternative Housing Ideas Challenge encourages new ways of thinking about housing across financing, management and design and is open to anyone interested in innovation in the housing…
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Real Estate News
Finalists revealed for the 2019 REIA awards
The Real Estate Institute of Australia (REIA) has announced the finalists for its 14th Annual National Awards for Excellence, to be held at Crown Perth on Thursday 21 March 2019. REIA President Adrian Kelly said the Awards recognise the best performers across all aspects of real estate including residential and commercial agencies, residential and commercial sales, residential and commercial property…
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Real Estate News
Western Australia takes a step in the right direction for housing diversity according to REIWA
REIWA has commended the McGowan Government on its decision to approve the City of Fremantle’s amendments to its Local Planning Scheme to enable greater housing choice. The plan states that lots between 600 and 750 square metres will now be allowed a maximum of three dwellings, including existing dwellings. While lots over 750 square metres will be allowed an additional dwelling…
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Brand Editorial
Introducing your Digital Twin in 2019
This year will see the Australian real estate industry welcome a new breed of agent: the digital twin. Most existing examples of a digital twin in real estate refer to the creation of digital replicas of actual properties using the internet of things. But what about a digital twin of yourself working with you to service customers? Artificial intelligence that…
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INDUSTRY NEWS
Australia named second least-affordable housing market in the world
The 15th Annual Demographia International Housing Affordability Survey shows Australia as the second most unaffordable market for housing, with New Zealand coming in third. The survey uses a measurement of ‘median multiple’ to rank affordability, which is found by dividing median house price by gross annual median household income. This method is the same favoured by the United Nations and…
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FRANCHISE NEWS
JLL appointed to manage the Gold Coast’s largest urban renewal precinct
Global real estate services company JLL have been appointed by UBS Asset Management’s Real Estate Business to undertake leasing, property, marketing and facilities management services for the former Athletes’ Village of the Gold Coast 2018 Commonwealth Games (GC2018), as it is transformed into Australia’s first ever large-scale build-to-rent housing scheme, known as Smith Collective. Incorporating seven hectares of residential and retail…
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FEATURE INTERVIEWS
The initiative helping agents end homelessness
“I’d noticed the homeless situation getting worse and worse – I think in the inner city over the last six years I’ve really been noticing it – but I’ve always thought it’s someone else’s responsibility. Someone else will deal with that. Then I realised I could actually do something about it, which is how the project started. “I thought, here…
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INDUSTRY NEWS
Melbourne tops Asia Pacific region as best investment for 2019
According to a new report from the Urban Land Institute (ULI) and PwC, Melbourne is the best prospect in the Asia Pacific region for both investment and development. The Emerging Trends in Real Estate Asia Pacific report for 2019 provides an outlook on Asia Pacific real estate investment and development trends, real estate finance and capital markets, and trends by…
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FRANCHISE NEWS
Professionals expand into Adelaide Hills
Professionals are set to open an office in the booming Adelaide Hills and Mount Barker region, which is exploding in popularity with young families looking to break into the housing market. The Professionals Adelaide Hills co-principal and respected Adelaide property valuer Paul De Gilio said that with Adelaide’s growth constrained by its geographic location, the Mount Barker region had been earmarked…
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Elite Agent
Why should clients give you their data, and how should you use it?
Once upon a time in a land far, far away, a law firm found itself in hot water for using location-based marketing around hospitals. They had geo-fenced a Hospital Emergency Department, allowing them to target advertisements toward patients’ phones for their personal injury litigation services. I’m sure someone thought it was clever marketing to a bunch of semi-qualified prospects.
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FRANCHISE NEWS
Knight Frank makes high-profile national appointment to Capital Markets team
Knight Frank has appointed Graeme Russell as Partner, Institutional Sales from late November 2018. With 33 years’ industry experience specialising in investment sales, Mr Russell will join Knight Frank from his most recent role as Divisional Director – Capital Transactions at Savills Australia and New Zealand, where he has worked for five years. Prior to that, Mr Russell was with…
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INDUSTRY NEWS
World’s largest companies to shift focus towards flexible workspace
The demand for flexible workspace is set to accelerate as over two-thirds of global corporates plan to increase their use of flexible co-working and collaborative space over the next three years, according to new research from Knight Frank. Knight Frank’s (Y)OUR SPACE report surveys senior executives at 120 global companies, which collectively employ in excess of 3.5 million people worldwide…
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EPM
What’s the next step for your career?
From a humble property manager in suburban Perth over 20 years ago to an awarded industry influencer and thought leader working with international real estate companies, I am truly grateful for where my career has taken me. By continually planning, risking, investing, discovering and believing in yourself, you too can achieve this same success. To take your property management career…
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OPINION
Why off the plan agents can earn a higher commission
With average residential real estate sales commissions generally around 1.5 to 2.5 per cent, earning six per cent on every sale sounds pretty attractive, right? Nice work if you can get it? As a suburban agent, your ‘work’ is primarily to secure listings. Get the listing, negotiate the advertising budget with the vendor and sell the property when the right…
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FRANCHISE NEWS
Colliers International appoints new Head of NSW Residential
Dennis Vertzayias has joined Colliers International as National Director, Head of Residential NSW Project Marketing. With over 30 years’ experience in the property industry, primarily in the new developments and project marketing sectors, Mr Vertzayias has successfully represented some of Australia’s top institutions and private developers, overseeing a pipeline of more than $7 billion in new projects primarily across Sydney…
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FRANCHISE NEWS
Ray White Western Australia celebrates excellence in 2018
Ray White celebrated its best performers for the 2017-18 year in front of 400 members and guests at the Convention and Exhibition Centre in Perth on Friday 14 September. Ray White WA CEO Mark Whiteman said that by defying the trend of the worst market in two decades to post a record result, the message from the night was clear:…
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BEST PRACTICE
5 Crucial elements for an effective multi-geographic team: Mark Engelmann
The experts seem to agree that decentralised businesses are highly efficient. Nicholas Bloom, from the Stanford Graduate School of Business, says they are more recession-proof; and former Johnson and Johnson Chairman William Weldon states decentralised firms are more innovative. And here at Beepo, we know the cost efficiencies of not having to upgrade your own office space every time you hire new…
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INDUSTRY NEWS
reiwa.com awards celebrate best of the best in WA real estate
Over 550 real estate professionals and guests attended the 2018 reiwa.com Awards Ball at Crown Perth on Saturday 25 August, which celebrated WA’s top performing agents in the 2017-18 financial year. REIWA CEO Neville Pozzi said the reiwa.com Awards recognise WA’s top selling agents and agencies. “Western Australia has some of the best and brightest real estate professionals in the…
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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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INDUSTRY NEWS
City planning and management needs to step up to meet the growing population: Property Council of Australia
While Australia’s cities are growing fast – three quarters of our population growth is occurring in just our four largest cities – so are many other international cities and we need to learn lessons of how to grow cities successfully. “Population growth, including immigration, has been an essential part of the Australian story and has delivered real economic and social…
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SUPPLIER NEWS
Jordan Catalano and Tom Hywood launch real estate listings website
The sons of ex-Domain CEO Anthony Catalano and Fairfax Media CEO Greg Hywood have furthered their property ambitions with another niche portal. The third website for the duo, and second property portal, is House and Land Developments – a portal aimed at developers and investors looking for suburban house and land packages. From their AD Group Catalano and Hywood have…
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FRANCHISE NEWS
Realmark agent surprises clients with $10,000 holiday voucher
Realmark Urban agent Paul Tonich took a different approach to thank his past and present clients last week by offering them the chance to go into a $10,000 holiday prize draw. Any client who had previously bought or sold with Mr Tonich in the last 20 years just had to contact him and put their name on the list to…
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