Week-38-2018
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FRANCHISE NEWS
The Agency secures funding, acquires Top Level Real Estate
After a trading halt for the last few days, The Agency has announced to the ASX that they have secured the funds to acquire Top Level Real Estate. The acquisition involves a complex $8.4 million share placement, alongside $5 million of Top Level debt which will be converted into shares at $0.01 per share. The documentation provided with the announcement…
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INDUSTRY NEWS
REINSW highlights pathway to professionalism at annual summit
The pathway to professionalism was the focus of the Real Estate Institute of New South Wales’ sixth annual summit, held in Sydney on Friday (15 September 2018). REINSW President Leanne Pilkington said The Future Is Now Summit saw a select group of 150 real estate agents come together to discuss one of the most significant changes to the industry and…
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FRANCHISE NEWS
McGrath agents support local communities with over $1 Million in donations
McGrath Estate Agents have announced that its agents and offices throughout the eastern seaboard have collectively donated more than $1,000,000 to charities during the 2018 financial year. McGrath Chief Executive Officer Geoff Lucas affirmed the company’s commitment to supporting and giving back to its local communities. “Community is at the core of McGrath’s values and truly ingrained in our culture. We…
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FRANCHISE NEWS
LJ Hooker celebrates 90 years with ‘brand variations’
Pioneering real estate group LJ Hooker is celebrating 90 years since its first agency opened on the sandy shores of Maroubra, Sydney – the start of a national and international influence in property. In 1928, then aged 24, Leslie Joseph Hooker had grand plans to develop the largest real estate business in Australia; ready to pioneer innovations in technology, marketing, construction and…
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LEADERSHIP
How to secure a tax-free business sale
It is not often as an accountant that I can tell a client they have no tax to pay on the sale of their business. For many real estate agencies, however, that is exactly the case thanks to the Small Business CGT (SBCGT) Concessions. It doesn’t matter whether you are selling all of your business, part of your business, units…
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EPM: BD & Growth
How to deliver a confident listing presentation
I recently conducted a role-play session during a workshop where I was the BDM and one of the attendees was the property owner. I had the frightening pleasure of being back in the hot seat again and, just quietly, I loved it! I also had the attendees provide feedback, which not only opened my eyes to my performance but also…
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BEST PRACTICE
Why you need a leadership vision
The only reason a goal isn’t achieved is you don’t have a system for it. Intent matters in business; what do you intend to do, how do you want to grow? The bigger the dream, the more important the team. As a leader, you want to create a leader-leader model. Most businesses are leader-follower, where everyone in the business has to…
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INDUSTRY NEWS
Australia/NZ real estate tops GRESB global rankings for eighth consecutive year
For the eighth consecutive year, Australia and New Zealand’s real estate market has been ranked the world’s number one for sustainability in the internationally recognised 2018 GRESB real estate results. GRESB is the global benchmark for environmental, social and governance (ESG) performance of real assets, defining and measuring standards for sustainability performance. In 2018, GRESB assessed 903 real estate companies,…
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INDUSTRY NEWS
Solar energy likely to drive up home values: HTW
Sustainable homes will see an increase in value as more and more householders take up solar rebates and reduce household energy consumption, according to independent valuer and advisory group Herron Todd White. HTW’s Managing Director in Melbourne, Tony Kelly, said as homeowners continued to take advantage of solar energy rebates and substantially reduced energy costs, the value of their homes…
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FRANCHISE NEWS
Barry Plant Group recognises talent in their network at 2018 Awards for Excellence
Last week, the Barry Plant Group hosted its 2018 Awards for Excellence at Melbourne’s Crown Palladium, with nearly 900 people attending the black-tie event. The Geelong office had an outstanding night as, apart from their star agent Chari Emirzade taking out so many major sales awards, they also won Franchisee of the Year and Property Management Department of the Year,…
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EPM: Feature Interview
Why your customer service needs to be different: Adam Freitas
Tell us a bit about yourself and your agency. I was born and raised in Sydney’s Inner West. I’ve been around real estate my whole life but started in 2002 and have only worked in the Inner West. I’m highly driven and committed to my clients, and I focus on having a thorough understanding and respect of their individual needs.…
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LEADERSHIP
How to create the right leadership atmosphere for your team
I visited a different gym a number of months ago; the weights were all over the place, nothing was put away and there was little or no respect for the equipment. As I walked out it became quite easy for me to act in the same fashion as every other member. The environment was setting the tone. Conversely, the gym…
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SUPPLIER NEWS
Purplebricks evolves Australian offering with new customer experience
Purplebricks has announced a new service offering and experience for customers in Australia. Purplebricks Global COO Neil Tavender said the network were ‘excited’ about the changes they were implementing and the way it would drive the network forward in Australia. “In recent weeks, Kenny Bruce (Co-founder) and our leadership team have travelled the country to speak with all of our agents…
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FRANCHISE NEWS
Harcourts International names new Board Members
Harcourts International has welcomed Susan Rix AM, Tim Keenan and Graham Mirabito to its board of directors, joining current board members Gilbert Enoka, Mike and Irene Green and Paul Wright. “We are very pleased to have Susan, Tim and Graham join our board and look forward to their contributions,” said Mike Green, Managing Director, Harcourts International. “Each is a leader in…
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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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FRANCHISE NEWS
RE/MAX rewards top performing regions at Asia Pacific Convention
RE/MAX has acknowledged its top regional performances at the fourth annual RE/MAX Asia Pacific Convention this month, with Australia and New Zealand claiming four awards. Australia and New Zealand join 16 other regions in RE/MAX’s Asia Pacific network – South Korea, Thailand, Indonesia, Singapore, Philippines, Guam, Hong Kong, Macau, China, Japan, Taiwan, India, Sri Lanka, Mongolia, Malaysia and Myanmar. RE/MAX Australia…
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FRANCHISE NEWS
Colliers International receives top honour at REIACT awards
Colliers International was named Commercial Agency of the Year at the Real Estate Institute of the ACT’s Awards of Excellence on Saturday night, and Director Rupert Cullen was recognised as Commercial Property Manager of the Year. “This is the second year Colliers International has taken home the title of Commercial Agency of the Year,” Colliers International Associate Director of Investment…
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EPM: Leadership
9 signs you may be more cut out for leadership than you think
Are you underestimating your emotional intelligence and power to lead? Have you turned down the opportunity to interview for leadership positions because you’re not ‘cut out’ to be a leader?
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INDUSTRY NEWS
REIV commercial and industrial awards celebrate magnificent marketing
The REIV have celebrated the best in commercial and industrial advertising, marketing and promotion across commercial sales and leasing campaigns at the annual Commercial and Industrial Marketing Awards. REIV President Richard Simpson said the awards are a great opportunity to recognise the increasingly innovative and tailored campaigns. “Congratulations to the winners and finalists in the 18 categories on their dynamic and…
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FRANCHISE NEWS
Ray White Group celebrates its 2018 winners in NSW and ACT
Up to 900 real estate agents and guests last night celebrated their achievements at the annual Ray White New South Wales and ACT awards at the International Convention Centre in Sydney. Ray White Double Bay had a successful night at the state awards, picking up number one Sydney Blue office for the highest settled commission for the seventh year in…
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FRANCHISE NEWS
Ray White launches first major brand campaign
Australasia’s largest real estate group, Ray White, and Sydney-based creative agency DO have partnered to launch a new brand campaign. The campaign explores the Great Australian Dream, with Ray White helping Aussies as they seek out their property dreams and bring them to life. The work is the epitome of Australiana, as it takes a light-hearted look at some of…
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INDUSTRY NEWS
Agents could bear the brunt of new anti-money laundering crackdown
Furthering the crackdown surrounding anti-money laundering rules in foreign investment, the government is considering relying on real estate agents to report suspicious purchases by foreign buyers. The joint public accounts and audit committee is reviewing the deficiencies in data around the foreign investment regime, with the ATO announcing on Wednesday they had conducted 4600 investigations into potential breaches since 2015.…
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FRANCHISE NEWS
National Director rejoins Colliers International
Colliers International have welcomed National Director Nick Greenwell to their Occupier Services team. Mr Greenwell has rejoined Colliers International, originally working for the company for five years between 2002 and 2006. With over 15 years’ industrial property experience, Mr Greenwell has a strong reputation as a well-rounded expert and has worked across all major sectors of commercial real estate. “We…
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THE ELEVATE PODCAST
Episode 63: Brian and Paul White on the evolution of Ray White from ‘The Shed’ to global real estate powerhouse
In this week's edition of the Elevate podcast Samantha McLean talks to Brian White AO and Paul White, Joint Chairmen of Ray White about what they remember of their grandfather Ray, their father Alan, the growth of the company from one Shed to over 1000 franchisees, plus advice for future leaders.
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FEATURE INTERVIEWS
Lessons from 25 years in real estate: Richard Luton
A true embodiment of the term ‘attraction agent’, Richard’s larger-than-life personality has not only built a successful business for himself as an agent, but has helped him master the three ‘C’s of leadership: culture, continuous improvement and community outreach. After 25 years, what is your proudest moment in business? It was on 28 August 1999, [when] we opened up our…
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FRANCHISE NEWS
The Agency expands into south-east Melbourne with top-performing agent Adam Cashmmore
High-achieving Stonnington and Boorondara agent Adam Cashmore has joined The Agency. Adam Cashmore is renowned for his exceptional sales results and is strongly entwined with his local community. A long-time Stonnington resident, he is well-known for his genuine and ethical approach to real estate. “Adam’s experience and expertise in the Stonnington area was exactly what we were looking for. He…
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SUPPLIER NEWS
Domain launches in-house data and insights department
Domain has added a data and insights unit to its content division, Domain Research House. The unit will be led by Tobias Johnstone, content and data director for the department. It will provide Domain readers and clients with insights drawn from internal data. Trent Wiltshire of The Reserve Bank has been appointed as economist for the unit, Domain’s Dr Nicola…
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FEATURE INTERVIEWS
The importance of being nice: Candice Di Prinzio
What was your first job and what did it teach you? My first job was slave labour! My parents had a real estate office from when I was five years old and they used to let me do small tasks: filing, emptying bins and so on. I absolutely loved it – probably why I’m still in the industry today. It taught…
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EPM: Leadership
6 ways to monitor the vital signs of your business
To keep your property management business healthy, here are the top vital signs you need to monitor. Vital Sign 1: Arrears Pulse Leaders keep a finger on the pulse of their property management business’ arrears. Their goal is to keep arrears at zero per cent by managing high-risk tenants. Pulse Leaders know that if their business has tenants with ongoing…
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