week-45-2018
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SUPPLIER NEWS
Link Group to acquire econveyancing platform PEXA for $1.5 billion
Link Group and its partners, including Commonwealth Bank of Australia and Morgan Stanley Infrastructure, have announced their final bid for PEXA has been accepted. Link, which already owns 30 per cent of PEXA, initially made a bid earlier in the year which was knocked back due to PEXA’s plans to list on the Australian Stock Exchange. However, the company was…
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FRANCHISE NEWS
Ray White brokers free warehouse lease for The Salvation Army
Christmas has come early as Ray White Commercial Queensland assisted The Salvation Army in securing a donated warehouse in Pinkenba. The modern office/warehouse, that has a total area of 1,782sq m, will be used for The Salvation Army’s Christmas purposes over the December and January period. The deal was jointly brokered by Ray White Commercial Queensland’s Director Sales and Leasing…
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FRANCHISE NEWS
C21 gains top performing Queensland office
One of Queensland’s top performing real estate offices has decided to join Century 21, bringing twenty years of area experience. The multi-award winning Century 21 M1 team have opened their doors in Beenleigh, adorned the new Century 21 branding, with an expansive and contemporary office fitout. Century 21 M1 will be led by Principal Tony Ghanem, who has over 28 years’…
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EPM: Best Practice & Legislation
Preparing for bushfire season: Sharon Fox-Slater
Bushfire season has just begun, but already there have been devastating fires across New South Wales, in Queensland’s Far North, near Darwin and in Western Australia’s Kimberley region. And as spring moves into summer, many other parts of the country will also brace for fires. For agents managing rentals in bushfire-prone areas, it is time to make sure your landlord…
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BEST PRACTICE
Why you need to embrace the future or risk being left behind
In recent years, I have watched audiences at conferences become fascinated with messages from futurists. They have challenged our minds with stories of artificial intelligence, driverless cars and drones delivering our Amazon orders. They talk about a new generation that is growing up and has always been able to interact with their device. The studies show they are now dramatically…
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FRANCHISE NEWS
AREA award finalist Dave Skow joins RE/MAX with merger
RE/MAX Australia welcomes expansion in Wagga Wagga with the merger of the much-awarded RE/MAX Elite and Wagga Property Management. Dave Skow, who worked with RE/MAX before starting Wagga Property Management five years ago, has acquired RE/MAX Elite in Wagga adding an experienced sales division to his successful property management business. “This is an exciting expansion for the Wagga property sector,…
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INDUSTRY NEWS
November 2018: Interest rates on hold, Industry reaction
Yesterday (6 November 2018) the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 24th consecutive meeting. “Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low,” says RBA Governor Dr Philip Lowe. “Growth in credit extended to owner-occupiers has eased but remains robust, while…
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FRANCHISE NEWS
The Agency gains 40-year industry veteran and coach Joe Abboud
Working as a successful agent in the Eastern Suburbs and a hands-on coach for some of the industry’s most prominent brands, The Agency has gained a skilled mentor in Joe Abboud. To date, Mr Abboud has been providing one-on-one coaching for more than 20 agents a week, this will increase significantly given The Agency’s national network, including the west coast…
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FRANCHISE NEWS
Better Homes and Gardens Real Estate recruits for Australian growth
Better Homes and Gardens Real Estate is taking the next steps in its Australian journey with the recruitment of several experienced real estate professionals to the team. The announcement comes as the network gears up for its nationwide launch. Karmen Costigan joins the Queensland team with over twenty years’ experience in the real estate industry, both in the USA and…
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INDUSTRY NEWS
NSW government announces changes to stamp duty
Calling it the “most significant reform in a generation” to stamp duty, the NSW government has announced that from July 1, 2019, the seven stamp duty tax brackets will move in line with the consumer price index. Indexing the tax to inflation will save the average property buyer $500 from the introduction of the move, with that amount to increase…
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BEST PRACTICE
Four ways to thrive in a changing market
Throughout most of Australia’s major cities, one factor rings true: market conditions have changed. As any seasoned agent knows, change is immutable. It’s the only thing you can rely upon. Signs that change has hit your agency include fewer properties coming onto the market, longer days on market, lower auction clearance rates, circumspect buyers and fewer overseas investors. Paired with…
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BEST PRACTICE
5 ways to improve communication in your team
The more I work with agent teams (of all sizes) the more convinced I am that communication is the underlying problem to many frustrations, disappointments and confusion – not to mention wasted time with interruptions, crossover and repeated information. As you may know, I am obsessed with reducing wasted time and increasing productive time, so I am always looking at…
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FRANCHISE NEWS
OBrien Real Estate Foundation announces first grant recipients
The OBrien Real Estate Foundation was first created in June this year with the purpose of supporting local charities. OBrien is a strong supporter of local communities and believes giving back is extremely important. The OBrien Foundation was created with a view to take this support to the next step, so the whole team could work together to improve the lives of…
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FRANCHISE NEWS
CBRE Group moves into co-working space with the launch of CBRE Hana
Commercial real estate services firm CBRE has declared a move into the flexible working spaces sector with the creation of CBRE Hana, a new division which the agency says will partner with property owners to provide workspaces. Hana will design, build and operate the co-working facilities and services, in partnership with institutional property investors. In a statement, CBRE president and…
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FRANCHISE NEWS
White Family cements ownership in South Australia and Northern Territory
The Ray White business in South Australia and the Northern Territory is now 100 per cent owned by the White Family, after business partner, Nick George sold his shareholding in the franchisor, while the operation of the business remains the same. Ray White Group director Dan White said the family had enjoyed a close relationship with Nick George for more…
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EPM: First Person
Why you should switch off your phone
Our love of the bells, dings, whistles supplied by technology has created an addiction. As a result, we find that our brains are in the process of being rewired to cope with the demands that technology places on our everyday lives. Recent studies have shown that our physiology has evolved, leading to altered memory, sleep patterns and even our attention…
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