National
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Barr Essentials Helps Real Estate Agents Prospect Via Funnel Marketing
A Sydney-based former broker has started her own digital marketing company which provides prospecting services to real estate agents that helps them to save time and money. Emma Barr, the owner and founder of Barr Essentials said her company’s custom designed lead generation funnel helps individuals and agencies throughout Australia source for listings via targeted social media campaigns using Facebook…
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REIV chief: Concern for rental reforms
The state’s most disadvantaged tenants will be the hardest hit if proposed reform of the Residential Tenancies Act – the law that governs the rights and responsibilities of landlords and tenants – is adopted, says REIV chief Gil King. As many of the proposed reforms are designed to improve rental conditions for these very tenants, despite its intentions, the Andrews…
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New Home Sales Dives in January: HIA
The Housing Industry Association (HIA) has recorded a mild dip of 2.2 percent for new dwellings sales in January. HIA chief economist, Dr Harley Dale said the weaker update on its New Home Sales Report follows a decent run for new home sales in December. “Given that Australia is tailing off from the largest and longest new home building cycle…
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Master Builders Australia CEO calls it a day after 26 years in the organisation
Master Builders Australia’s longstanding chief, Wilhelm Harnisch, has announced his resignation on Wednesday, after 15 years in the top job. Harnisch who has been with Master Builders for last 26 years left the job voluntarily as he felt that it was time to move on to other endeavours. Harnish has had an illustrious career with Association since he first started…
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Capital city dwelling values rises by 1.4 percent in February: Core Logic
CoreLogic’s monthly Hedonic Home Value Index has reported a 1.4 percent rise in the value of capital city dwellings in February. The strong capital gain over February was led by Canberra (+3.2 percent) and Sydney (+2.6 percent), with Melbourne (+1.5 percent) and Hobart (+1 percent) also returning significant increases. In contrast, dwelling values were down over the month across Darwin…
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All Female Aussie Construction Company Wins International Award
Sydney-based firm Diva Works has recently won the Gold Award for Sales Growth at the 11th annual Stevie Awards for sales and customer service held at the Caesars Palace Las Vegas in Nevada last month. The Stevie Awards received over 2,300 entrants from organisations in virtually every industry around the world and were judged by more than 77 judges. Diva…
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McGrath Property, makes the most “mobile ready” brand list
ASX-listed McGrath Property, alongside brands like Kogan and the Iconic, are the only property agency company listed on the top ten most “mobile ready” brands in benchmarking study by Ansible Australia. Ansible, a mobile marketing and technology agency revealed what they see as the top ten Aussie brands with the most significant presence at the recent Mobile World Congress, a…
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Award winning South Australian Agent comes back better than ever
A Ray White agent who was involved in a life-threatening car accident last year has made a robust comeback to real estate. Rachel Lawrie joined Ray White SA Metro last October after making full recovery from an accident in May and since then, she’s not only just reestablished herself as an agent, she’s now a fully accredited auctioneer and is…
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REINSW to meet new Minister for Innovation to discuss proposed changes to the RTA
The REINSW have presented their areas of concern last month with respect to the latest overhaul of the Residential Tenancies Act to The Office of Fair Trading and have scheduled a meeting with new Minister for Innovation and Better Regulation Matthew Kean to provide feedback. “We felt it was necessary to take action ahead of any proposed amendments to the…
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Purplebricks expands to the US
UK-headquartered online real estate agency Purplebricks is expanding to America; the company told the London Stock Exchange last Wednesday. The company also announced details of the placing to raise gross proceeds of up to £50 million through the issuance to finance the expansion in a state by state roll-out to the US by mid-2017. Since it’s launched less than three…
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Century 21 Home Loans Appoints New National Manager
Century 21 Australia has appointed former banker Ben Braysich as its new national manager for Century 21 Home Loans. Braysich brings a wealth of financial services experience after having spent three years at Macquarie Bank and seven years with the Commonwealth Bank Group, which saw him winning the 2016 NSW Private Banker of the Year Award. “My immediate plan is…
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Auction volumes reach all time record high for month of February
Auction clearance rates reach the highest level over the calendar year to date as auction volumes reach a record high for February, with 3,232 auctions held across the combined capital cities. National auction clearance results for the week ending 26/02/2017 courtesy of CoreLogic Across the combined capital cities this week, the number of properties taken to auction increased dramatically, with 3,232 auctions…
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New Research Finds Majority of Aussies Would Turn Their Backs On Big Banks In The Event Of A Crisis
Despite 80 percent of the Australian home loan market being held by the big four banks, almost three in four people believe a major bank would not provide the best service for customers facing a crisis. The nationwide survey, conducted by Galaxy Research for online lender State Custodians Home Loans asked 1,005 respondents who they think would provide the best…
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Tremendous savings recorded by Aussie family with Tesla’s Powerwall home batteries
One Australian homeowner has saved $2,110.46 in annual electricity bills, paying a total of just $178.71 in the past twelve months with the use of Tesla’s Powerwall home batteries. The Pfitzner family were Australia’s first owners of the Tesla power battery and say they have managed to reduce their total electricity bill by 92.2 percent since their system was installed…
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Uber No Challenge to Tradies
Tech start-ups may have displaced paper directories like the Yellow Pages, but tradies are not at risk of being ‘Uber-fied’, ServiceSeeking.com.au chief Jeremy Levitt said. Many industries have been disrupted by similar on-demand software, not just taxis – but also food delivery with the likes of Deliveroo and Foodora, and even relationships through Tinder. Since the 2007 launch of ServiceSeeking.com.au,…
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Belle Property Opens Office in Mumbai, Aids Indians To Buy Properties In Australia
Australian owned boutique agency Belle Property International (BPI) has opened an office in Mumbai, in order to capitalise on the growing number of Indians investors interested in purchasing residential and commercial properties across Australia. Based in India’s financial capital Mumbai, the expansion forms a part of the company’s strategic plan to expand into Asia throughout the year. “We are creating…
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New Workplace Technology combats Employee Disengagement for the Real Estate Industry
Real Estate Dynamics has recently launched REDlinx the Real Estate specific communication hub to help agencies improve team engagement and inter-office communication. The need for this product came from coaching over 400 agencies for the past three years and identifying the high rate of disengagement of employees, the company said in a recent statement. The REDlinx platform enables an Agency’s…
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Land Sales Recover, As Prices Rise Says HIA and CoreLogic Latest Report
The latest Housing Industry Association (HIA), CoreLogic Residential Land Report has revealed that residential land sales have increased for the second consecutive quarter as prices reached a new high during the three months to period ending September 2016. HIA senior economist, Shane Garrett said during the quarter, the volume of land sales increased by 1,121 lots compared with the June…
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RE/MAX Australia & New Zealand nominated for agency’s Global Region of the Year
RE/MAX Australia and RE/MAX New Zealand are two of six regions nominated for the RE/MAX Global Region of the Year award, with the winner and runner-up to be announced in Las Vegas on 28th February 2017. Michael Davoren, Managing Director of RE/MAX Australia and RE/MAX New Zealand, will be in Las Vegas at the RE/MAX R4 Convention, where he hopes…
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Real Estate Results Network 2016 Award Winners
Top performing independent real estate agents from the Real Estate Results Network (RERN) in Australia and New Zealand were celebrated at the 11th annual awards (ARERAs) held in Sydney on Monday night. This year’s ARERAs were strongly contested, seeing between five and nine finalists vying for the top honour in many of the individual and agency categories. The Roaring Twenties-themed…
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Fairfax set to spin off Domain
Updated: 11.45 am 22 Feb Fairfax confirms spinning off Domain. Here is what we understand so far. On Wednesday morning the AFR (a Fairfax Media owned newspaper) confirms that its parent company was considering spinning off Domain real estate advertising business into a separate entity. Details of the Domain spin off have sent Fairfax shares up by 9 percent to…
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Auction volumes surge past 2000 across the country for the first time in 2017
Auction volumes surge past 2,000 for the first time this year across Australia’s combined capital cities, with CoreLogic’s preliminary clearance rate reaching 77 percent. National auction clearance results for the week ending 19/02/2017 courtesy of CoreLogic The combined capital city preliminary clearance rate remained in the high 70 percent range over the week, despite auction volumes reaching the highest level so far this…
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RE/MAX rewards its best of 2016 in a gala event
RE/MAX Australia announced its top performers for 2016 at a gala event held at Brisbane City Hall this month (16th February) and celebrated an exceptional year of growth and innovation. Keeping with tradition, the network’s ultimate individual honour, The Eagle Award, was the final announcement for the evening, with Murray Carter, broker-owner of RE/MAX Regency the 2017 recipient. RE/MAX Regency…
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Penrith’s Mooney Real Estate creates brand awareness by helping local schools
The high cost of advertising with traditional media such as print and radio advertising has forced one startup real estate agency in Western Sydney to think out of the box. Out of frustration, the newly set-up Penrith Mooney Real Estate agency has come up with a clever approach in promoting their business through a community-based program known as the “Schools…
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Survey finds one in four Australians homes are already “smart”
A recent study has found that one in four Australian homes are already considered smart homes, or dwellings where occupants can control the functions of the house with a tap of a smartphone or a computer saving energy and money. In a recent survey commissioned by ServiceSeeking.com.au, they have found that more people are turning their homes into smart dwellings…
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Andrew Crauford appointed as Ray White NSW new Sydney Metro chief
After seeing exponential growth in 2016, Ray White NSW has announced that Andrew Crauford has assumed the position of CEO – Sydney Metro. Mr Crauford’s new role will see him take charge of the southern, western and northern Sydney suburbs, outside of the inner-city markets, to ensure Ray White businesses are operating at their optimum. “I’ve got the utmost respect…
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US portal Zillow goes inside celebrity couple’s love nests for V-Day
In honour of Valentine’s Day, Seattle-based real estate marketplace Zillow has gone inside the homes of some of Hollywood’s most sought after celebrity couples who had recently put their properties up for sale to replenished them with new dwellings. Among them is one of Hollywood’s most powerful couple, Kurt Russell and Goldie Hawn who recently listed their Los Angeles mansion…
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REA Group Posts Strong H1 Result for Investors
Last week, REA Group announced its results for the half year ended 31 December 2016. Financial Highlights, despite lower total listing volumes overall, include: Revenue growth of 16% An increase in EBITDA of 13% Interim dividend of 40 cents per share, up 11% The revenue growth is attributed to a 13% increase in the Australian residential business, plus inclusion of iProperty revenue,…
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Coldwell Banker gives away free perfume and red roses on Valentine’s Day
Coldwell Banker South West Realty in Wattle Grove is giving away a small bottle of perfume, and a single red rose to anyone that says the words “I Love Coldwell Banker” at their office premises on Valentine’s Day. The freebies are limited and would only be given out to those visiting the agency between 10 am and 4 pm. The…
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Preliminary clearance rates surges to 76.6% as auction numbers trend higher
It has been a strong week for auction activity across the capital cities, with the number of auctions more than doubling compared with last week in Sydney and Melbourne. National auction clearance results for the week ending 12/02/2017 courtesy of CoreLogic Despite the surge in the number of auctions held, the combined capitals regions recorded a preliminary auction clearance rate of 76.6 percent,…
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Key school catchment zones record more than 5x growth of capital cities: Domain
Annual house price growth figures in key government school catchment zones are outpacing capital city growth by more than five times in some key areas, according to Domain’s Annual School Zones Report. With the new school year just underway, Domain last week released its Annual School Zones Report, uncovering the primary and secondary government school catchment zones that have experienced…
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Residential builders off to a strong start, says Masters Builders Australia
Building activity for the year particularly for home building businesses is set for a strong start, says the latest survey commissioned by Masters Builders of Australia. The Master Builders National Survey of Building and Construction said the survey findings painted a positive outlook at the national level reflecting the record building approvals and housing loans approved in 2016 with over…
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New home sales bounces back: HIA
New home sales have bounced back particularly at the tail end of last year, as the latest survey commissioned by the Housing Industry Association (HIA) has revealed. “New home sales hit a two-year low in October last year, but recovered well in November and December,” HIA chief economist Dr Harley Dale said. “The late 2016 results were strong for the…
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Where do properties sell fastest in Australia, CoreLogic Property Pulse
Melbourne properties sell the fastest of any capital city according to CoreLogic’s latest Property Pulse Market Update report. Melbourne dwellings took an average of 35 days to sell in December 2015 with the figure falling to an historic low of 29 days at the end of 2016 while the typical Sydney dwelling sold after an average of 33 days in…
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LJ Hooker encourages lifelong training for its real estate agents via new software
LJ Hooker will invest $100 million in the next three years to accelerate the real-estate industry’s digital transformation with a mission to turn Australia into the world’s most advanced and well-served property market. The initiative will kick start with the unveiling of LJX-Lab, a digital research and development vehicle which they say will foster innovation through identifying, incubating and commercialising…
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