week-41-2019
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TECH + SOCIAL
5 ways real estate businesses can save money on technology
I may not be across every technology opportunity in the industry, but I do see the impact it can have on a business. More specifically, I see the impact technology changes can have on its bottom-line profitability. If you can juggle the changes required to introduce new technology, the rewards can be huge. Get it wrong though and it will…
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Real Estate News
Proposed land tax changes would “devastate” SA market: REISA
The Real Estate Institute of South Australia (REISA) has made a submission to the State Government expressing deep concerns about proposed changes to the land tax regime, which it believes would cripple the SA market. The submission is a culmination of results of REISA’s Land Tax Member Survey and reaction by its members, who represent a broad range of property…
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Real Estate News
REIWA launches plan to boost WA’s economy
The Real Estate Institute of Western Australia has launched a six-point plan to attract buyers and investors back to the market following a dramatic decline in sales activity. The plan includes changes to stamp duty, reintroducing first home owner grants, and revoking the foreign owner duty surcharge. REIWA President Damian Collins said sales activity fell from 89,000 in 2005 to…
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Real Estate News
Whitehorse names real estate agent as best business
PhilipWebb Real Estate has won two accolades at the Whitehorse Excellence in Business Awards 2019. Hosted by Whitehorse Business Group, the awards recognise business leaders and innovators and their contributions to the local economy. Presented with the Large Business Award (51-100 employees), PhilipWebb also received top honours taking home the Overall Business Award. "Being honoured…
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Real Estate News
Jellis Craig rolls out new sales platform
Data-driven presentation platform SalesPreso has signed a deal with leading Victorian real estate agency group Jellis Craig that will see the sales technology rolled out across its network of 350-plus agents. SalesPreso co-founder Joel Thomson said the platform was a strong fit for the real estate industry, with REA Group, Domain, Vicinity Centres and now Jellis Craig, all implementing it.…
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Real Estate News
Hammer time for auctioneers’ annual showdown
Australia and New Zealand’s best auctioneers have been decided and are now set to compete at the annual Australasian Auctioneering Championships (AAC) later this month. State and territory Real Estate Institutes and the Real Estate Institute of New Zealand all completed their auctioneering competitions with their two best auctioneers qualifying for the competition at Melbourne’s Federation Square. REIA President Adrian…
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LEADERSHIP
Steve Carroll: Leadership in a digital age
By 2020, millennials will make up 50 per cent of the workforce. Whether or not you think technology has changed the face of leadership, three things we can agree on are: 1. The expectations of our employees, driven by millennials, are increasing dramatically. 2. The fundamentals are in place. However, they only keep our employees engaged for a short time.…
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Real Estate News
New campaign demands ‘Solar for All’ Australians
A coalition of more than 20 community groups has launched a ‘Solar for All’ campaign, calling on state governments to end ‘solar lock-out’ and give all Australians access to safe and affordable energy. According to the groups, more than one third of Australians are locked out of access to clean energy because they rent, live in apartments, have unsuitable rooftops, or…
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Real Estate News
Sales agent commissions tied to vendor ratings
A Brisbane-based business has established the nation’s first carrot-and-stick agency model – and it gives clients direct influence on how much agents can earn. Under the model introduced by UrbanX, vendors can rate their sales agents, with the size of agent’s commissions on the line, if their service and results prove to be regularly sub-par. Head of UrbanX, Dan Argent,…
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Real Estate News
Banks slash fixed rates, pricing in Melbourne Cup cut
Tuesday 8 October, 2019: Three of the Big Four Banks have dropped rates on their fixed home loans in the past week, with NAB the latest major bank to cut its rates by up to 0.40 per cent today. In total, 17 lenders - including CBA and ANZ - have cut rates on fixed home loans…
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Real Estate News
RE/MAX 2Aspire to serve Pukekohe community
RE/MAX 2Aspire owners Peter and Maureen Strong have expanded their real estate business with the addition of an office in Pukekohe. The husband and wife real estate team opened RE/MAX 2Aspire in Waiuku in 2017, and now just two years later have opened their second office. “Ours is a real estate team with customers at its heart, giving great service…
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Real Estate News
New LJ Hooker office opens in the Southern Highlands
LJ Hooker has expanded its network in the Southern Highlands, with the opening of LJ Hooker Bowral. Experienced real estate specialist Sophie Desprez will head up the new office, which offers a full suite of real estate services across residential and rural properties including sales and property management. With 18 years’ experience in the real estate industry, including five in…
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Real Estate News
REA Group announces joint venture with 99.co in Singapore and Indonesia
REA Group has entered into a binding agreement to establish a joint venture (JV) with Singapore- headquartered digital property marketplace 99.co. The combined company will provide the most compelling property marketplaces in Singapore and Indonesia, while delivering the digital platforms to property professionals to help them grow their businesses. Core to the JV company will be harnessing the know-how and…
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LEADERSHIP
What does the future of real estate hold?
Tony Morrison has always loved to talk numbers. The Harcourts Tasmania and Victoria Chief Executive Officer has been in the profession 31 years. He oversees 82 offices, and Harcourts holds 25 per cent market share across the two states. The number 24 is also important for Tony – not only because it signifies the number…
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We Are Real Estate
Warren McCarthy: Winning customer service
On getting into real estateI got drawn into a family business with my father in 1980, and eventually my brother joined us also. The happiest moment in my careerWorking in like-minded teams for the development of others. And, the joy from helping solve people’s problems and noting their appreciation. The most memorable momentThis probably goes to a property in Rose…
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We Are Real Estate
Deb Stephens: Why you want to be a dinner party subject
On getting into real estateI was at a crossroad in my life and I had plans to move interstate in the weeks prior to applying for a job as a sales consultant at a local real estate office. If I was offered the job, I would stay, if not, I would continue with plans to move. I believe things happen…
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We Are Real Estate
Angela Limanis: Dancing in the street
On getting into real estateI chose real estate after we sold our little apartment and bought our first house. I loved the process and positive feelings I experienced during this time. I also received great energy from the agent and thought to myself, how great it would be to feel this energy all the time. I started in admin, and…
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We Are Real Estate
Stuart Legg: ‘Ruff’ day at the office
On getting into real estateReal estate was my only option at the time. I am glad it was, looking back! The happiest moment in my careerAwards and recognition are great, but when a lovely family purchases a home from another great family, we get to witness the best side of human nature and that is so refreshing in today’s world.…
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Real Estate News
Coffs Coast locals open new Century 21 office
New office locations don’t come much better than Moonee Beach which lies in the centre of Coffs Harbour’s northern beaches, on the north coast of New South Wales. New Principals Darcien Kean and Michael Hall are both long-time locals and excited to have celebrated the official opening of their C21 office. Mr Kean has over 10 years’ experience in the…
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Real Estate News
New business geared towards first home buyers launches Sydney office
A game-changing real estate agency is opening Australia's first office geared specifically toward first-home buyers and investors. Sydney real-estate identity, Marites Novis is opening Qfirst Property Investment Group's first office in Blacktown after identifying a gap in the market. "I've found that in my many years of experience in the real estate industry, most first-home buyers and…
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Real Estate News
Matterport announces AI capabilities that will turn smartphones into 3D capture devices
Spatial data company, Matterport, has announced its latest breakthrough, Matterport 3D Capture for Smartphones, which will turn consumer smartphones into 3D capture devices. The capability, which was demonstrated for the first time recently at an invite-only event at San Francisco’s most exclusive property – Residence 950 – will support iPhone and Android devices. The first iPhone version is expected to be available…
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Thought Leaders Podcast
Hayley Mitchell: How to increase productivity in property management
Hayley Mitchell started in real estate in 1999 and has worked in all facets of property management. She’s won numerous awards including REIV property manager of the year two times and has twice been named on the Elite Agent industry influencers list in 2017 and 2018. She also recently launched a new business, Geelong Property…
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Profile
No matter what business you’re in, you’re always in the business of people
What was your first job and what did it teach you?My first job (part-time) was at Coles as a checkout chick. It taught me the importance of money as we had to balance the till after every shift. How long have you been in real estate?I’ve been selling real estate for seven years. This time for about five years and…
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EPM: Ask The Expert
7 tips for property managers to decrease stress and increase productivity
Having just entered the new financial year, now is a good a time to take stock of the health of your portfolio and consider some of the following areas: Rent reviews and lease renewalsUpdate in line with the current market and ensure tenants are on fixed-term leases. Repairs and maintenanceHow many outstanding work orders are…
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Real Estate News
Land tax makes a move to digital
Land tax is going digital in NSW, giving property owners the ability to manage their land tax online. NSW Fair Trading announced the move this week, which will allow property owners to opt-in to receive their future Notice of Assessment via email, as well as lodge a return, request an exemption or make any changes to property details. The system…
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Real Estate News
Queensland Sotheby’s International Realty welcomes industry veteran
Veteran Brisbane real estate professional Glenn Gracie has joined forces with Queensland Sotheby’s International Realty. With 32 years in the industry under his belt, Mr Gracie has long been a familiar face in the desirable lifestyle suburb of New Farm, launching his own real estate business and spending all of his career and family life in the riverside pocket. Queensland…
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Real Estate News
CoreLogic expands valuation service to rural areas
Appraisals of rural properties are set to become easier for lenders, brokers and government bodies following the launch of the latest iteration of valuation software, ValConnect. CoreLogic developed the Rural Desktop software in response to growing demand for a lightweight alternative to standard rural valuations, which require full inspections, lengthy turnaround times and complicated reports. CoreLogic Head of Product Tim…
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Real Estate News
Confidence steady for NSW property industry
The latest ANZ/Property Council Survey has shown NSW property industry confidence decreased slightly overall mainly due to concerns over worsening macroeconomic conditions and a reduction in forward work expectations. NSW property industry confidence has decreased 10 index points from 126 to 116 over the quarter and has fallen four index points over the 12 months…
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