week-40-2019
-
TECH + SOCIAL
Guesty partners with Lugless for friction-free holiday baggage handling
Guesty, the property management platform that simplifies the complex operational needs accompanying short-term rental management, today announced it has raised $35M in Series C funding, led by Viola Growth with participation from Vertex Ventures, Journey Ventures, Kingfisher Investment Advisors, La Maison Compagnie d'Investissement and existing investors, TLV Partners and Magma Ventures. The round more than doubles the company's…
Read More » -
Real Estate News
Which cities worldwide are at greatest bubble risk?
A global study of real estate bubbles has revealed a bubble risk or a significant overvaluation of housing markets in half of all evaluated cities. Bubble risk appears greatest in Munich, followed by Toronto, Hong Kong and Amsterdam, according to the UBS Global Real Estate Bubble Index 2019, a yearly study by UBS Global Wealth Management’s Chief Investment Office. Frankfurt,…
Read More » -
Real Estate News
Laing+Simmons opens first Newcastle office
Laing+Simmons opened its first office in Newcastle this week, with the team formerly known as Nest Realty Group embarking on its next phase of growth under a new boutique brand. Local real estate veteran Michael Barber will lead the team at Laing+Simmons Newcastle Central with growth – and recruitment – on the agenda. He’s joined by Angela Barber, a highly-experienced…
Read More » -
Real Estate News
RE/MAX opens office in Stones Corner Brisbane
Award-winning Brisbane real estate sales executive David Cotterill has launched his own business while remaining with the global RE/MAX brand. Mr Cotterill is considered one of Australia’s leading experts in property strategy and delivery, and RE/MAX Experience Property is in a prime corner location at 411 Logan Road, Stones Corner. “I have happily been a conjunctional agent with RE/MAX Australia…
Read More » -
Real Estate News
Triple threat as brothers join Ray White Werribee
Continuing in the tradition of being proudly family owned and run, Ray White Group has recently welcomed three brothers on board in Werribee. The Krnjeta brothers – Robert (Partner/Auctioneer), Petar (Agent/Auctioneer) and Alex (Sales Associate) – said it was the company’s family values that attracted them to the business. “One of my key reasons for making the move to Ray White…
Read More » -
Real Estate News
Finalists announced for 2019 REA Excellence Awards
REA Group has announced the finalists for this year’s Annual REA Excellence Awards (AREAs), to be held in Melbourne on Thursday 14 November 2019. The AREAs honour the most innovative, community-minded and highest-achieving individuals and businesses in the property industry (residential, commercial, project developers) and media industry. There will be 21 awards in total presented…
Read More » -
Elite Agent
The Agency strengthens position after raising $4.5m capital
The Agency is predicting a strong financial future ahead after raising $4.5 million as part of a share entitlement offer. Announced in July, the offer saw each eligible shareholder entitled to apply for a further four shares based on every seven shares held. They were also provided with one free attaching listed option for every two shares subscribed for and…
Read More » -
EPM: First Person
The value of choice
As I continued my crusade in the industry, shouting about the arrival of choice and the departure of disruption, I realised recently that I have started making different choices. Choices I never thought I would make. You see, I love grocery shopping. Yes, I know you may think I am strange, but cooking is my happy place. I’m no culinary…
Read More » -
Real Estate News
The RBA cuts rates to 0.75 per cent
The Reserve Bank of Australia has cut official interest rates by 25 basis points to a record low of 0.75 per cent. Going into the meeting of the RBA, markets were predicting that there was a 79 per cent chance that there would be a rate cut at the October meeting. This year, the RBA has cut rates three times,…
Read More » -
National
House prices are booming again in Melbourne and Sydney
House prices across the nation have seen their biggest jump since March of 2017 in what is a return to boom times for many capital cities. Once again Sydney and Melbourne led the way, both jumping 1.7 per cent for the month of September, while Canberra was the other strong performer leaping 1 per cent, according to the latest data…
Read More » -
Real Estate News
Harcourts International strengthens leadership with new CEO appointment
Global real estate franchise group, Harcourts International, today announced the appointment of Steve Caradoc-Davies as Chief Executive Officer to lead the 132-year-old company into the next era. Mr Caradoc-Davies will take over leadership of the 900-office network and approximately 10,000 team members in nine countries, from Mike Green, who takes on a new focus within the business. Both…
Read More » -
Real Estate News
September springboard into commercial action
Brisbane commercial real estate agent Deepen Khagram has concluded the first month of spring 2019 with settlement on a $3 million-plus strawberry farm, which followed his $7 million-plus sale of a service station earlier in the month. “September certainly has been active with interest from commercial property investors,” Mr Khagram said. “I’ve had a great deal of enquiry from buyers…
Read More » -
INDUSTRY NEWS
Abbie Galvin announced as first female NSW Government Architect
Planning and Public Spaces Minister Rob Stokes has announced the appointment of Abbie Galvin as the 24th NSW Government Architect. “I’m delighted Ms Galvin will be our new Government Architect and the first woman to hold the position since it was created more than 200 years ago,” Mr Stokes said. “The Government Architect has been one of the state’s most…
Read More » -
Real Estate News
Resellers continue to see healthy profits
Resellers of homes continue to make healthy profits right across the nation, with 9 out of 10 properties making their owners a profit when resold. According to the latest Corelogic Pain and Gain Report, 87.1% of properties resold in the June quarter achieved a higher sale price compared to their original purchase price. As has been the case recently, it…
Read More » -
Real Estate News
Belle Property expands to Jervis Bay
Belle Property has welcomed a new team to its ranks to better service the growing demands of the property market in the NSW South Coast. Under the leadership of Principal, Loretta Nelson, Belle Property Jervis Bay will open with a high-performing sales team, alongside a strong rent roll consisting of several waterfront holiday properties. “Our move to Belle Property is…
Read More » -
We Are Real Estate
Grant Matterson: Timely sale
On getting into real estateI owned a retail shop and people suggested I would be good in real estate because I was personable. The happiest moment in my careerI am always so happy when I am a part of someone buying a property or selling one, and it is especially satisfying when I am able to do both for the…
Read More » -
We Are Real Estate
Neil Webster: Fulfilling dreams
On getting into real estateI have a background in project management, so communication and relationship-building were already key components of my skill set. A few friends within real estate thought it would suit me and when the time came for a career change, they got me drunk and convinced me to do it. I’m glad they did. The happiest moment…
Read More » -
We Are Real Estate
Dave Stewart: Valuable Lessons
On getting into real estateI lived on the Gold Coast in my very early 20s and I had the time of my life but I was earning $30k a year and spending $60k! So when I made it back to Melbourne I needed a job that allowed me to earn good money with next to…
Read More » -
We Are Real Estate
Kylie Depledge: Working together
On getting into real estateMy father-in-law spoke about me to an agent and before I knew it I was running his office daily as he mainly worked away at that time. The happiest moment in my careerThe happiest moments are helping people on an everyday basis. Especially people who have been through a terrible time and they come to me…
Read More » -
We Are Real Estate
Gizzelle Powell: More than selling
On getting into real estateOur Principal Phil Haley chose me. I was working at Australia Post and he was so impressed with my service that he asked me to give him a call if I ever decided to change career. It took him two years to convince me to accept the job but he said it was worth the wait.…
Read More » -
Elite Agent
Weekly Auction Wrap: Sydney’s busiest week of the year
In a weekend where Victorians were busy watching the AFL Grand Final, Sydney recorded its busiest Saturday of the year for auctions. Sydney recorded a preliminary clearance rate of 78 per cent from 939 auctions, according to the latest CoreLogic data, which was up from 608 this time last year. With attention elsewhere in Melbourne, there were only 103 auctions,…
Read More » -
FRANCHISE NEWS
Ray White Rural SA set for October auction bonanza
Smitham's', Hart. BUYERS have a wonderful opportunity to snap up one of eight varied and exciting rural properties going under the hammer in October as part of Ray White Rural SA's spring auction bonanza. Potential sellers have been watching the growth in farming land values in SA over the past two to three years and…
Read More » -
INDUSTRY NEWS
New regulator appointment vows to protect Queenslanders
An award-winning and prominent builder with a lifetime’s experience and expertise in building and construction has joined the Queensland Building and Construction Commission (QBCC) as the new Assistant Commissioner – Technical. Yvonne Pengilly has had an extensive career in the industry from subcontract brick and blockwork to a company director overseeing high end resort and multi-storey apartment developments. Ms Pengilly…
Read More » -
Real Estate News
Sydney CBD strata office sales top $100M for first half of 2019
Sydney CBD strata office volumes for the first half of 2019 continued to be robust, with $101.77M recorded in sales, according to Ray White’s latest Between the Lines* research. Ray White Commercial NSW Associate Director Samuel Hadgelias said overall fundamentals of the Sydney CBD office market remained strong, but the overarching demand levels for purchasing strata stock were starting to show…
Read More » -
EPM: Productivity
From property manager to trusted adviser
Traditionally the role of a property manager has been administrative and task focused, which often results in clients perceiving them as low value. There are several reasons why, and it’s an important part of the conversation. We need to understand what we need to change to become more relationship focussed, with an emphasis on trust and wealth creation. This is…
Read More » -
Real Estate News
Millennials struggling to leave home, according to affordability report
The ongoing affordability crisis is entrenching a generation dependent on parents for housing, with the number of Millennials giving up hope of moving out of home by 30 years of age surging, according to CoreLogic’s Perceptions of Housing Affordability report for 2019. The report identified the proportion of Australians who think they will be at least 30 years of age…
Read More » -
Real Estate News
Rural agent invited to gala awards dinner in the capital
Award-winning Ray White Parkes agent Kim Watts was recently invited to the AgriFutures Rural Women’s Award Dinner at Parliament House in Canberra. Ms Watts said she met lots of people in the rural space at the awards, which were set up to acknowledge and support the essential role women play in rural industries, businesses and communities. The awards provide a…
Read More » -
Thought Leaders Podcast
Mark McLeod – The fundamentals of business growth in real estate
With a wealth of experience in the real estate industry, Mark McLeod is the Chief of Growth of the largest real estate group in Australia. Mark’s role focuses in on how agents can grow themselves personally in order to grow the business professionally. In this interview, Mark discusses growth in any market, how the role…
Read More » -
TECH + SOCIAL
Elite Agent primer: 5 ways 5G could impact the property industry
What is 5G? 5G is rapidly rolling out in many countries throughout the world and is the latest evolution of mobile connectivity. A step up from the current 4G, it plans to be more reliable and faster than its predecessor and could impact the property industry in a few different ways. Telstra has enabled 5G…
Read More »