National
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Recognising excellence in customer service: Ray White
At its elite conference in October, Ray White announced its top five businesses and agents leading the way in customer service internationally. As the Group continues to drive a shift in consumer sentiment in the Australian and New Zealand real estate industry, the Ray White ‘choice’ awards recognise those businesses that are rated most highly by their customers. From Queensland,…
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News Corp Australia and realestate.com.au partner to create digital property news powerhouse
News Corp Australia and realestate.com.au this week announced a partnership streamlining property news, content and information. From early December, digital property content from News Corp Australia’s major metro, regional and community publications will live at realestate.com.au/news. This partnership brings together News Corp Australia’s news and information resources and realestate.com.au’s access to Australian property seekers. Tracey Fellows, REA Group CEO commented:…
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Preliminary clearance rates lower on higher volume (20/11/16)
The final auction clearance rate last week was at 75.8 percent. This week’s preliminary result this week is steady at 75.6 percent. Auction volumes have trended slightly higher this week. There were 2,950 auctions held across the combined capital cities, with week-on-week results showing an increase over the 2,897 reported capital city auctions last week. With the number of auctions…
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realestate.com.au partners with Tendril to provide Energy Scores for Australian properties
realestate.com.au last Friday launched Energy Scores, which will give properties in Australia their own energy efficiency rating. The tool will give property seekers an indication of how energy efficient their next home could be. And for homeowners, it allows them to better understand energy usage, associated costs and where they could potentially reduce their energy expenditure. To create Energy Scores,…
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REA Group Property Demand Index – October 2016
REA Group last week released it’s Property Demand Index Report for October. “Demand for property in Australia is now at fever pitch, with rates continuing to reach record levels, further supporting house price growth in all states except Western Australia,” says Nerida Conisbee, REA Group Chief Economist. “From what we’re seeing on realestate.com.au in October, the increases in the index…
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Small Business, Big Depreciation Schedules, don’t miss out says Bradley Beer
Australia’s largest provider of tax depreciation schedules believes that small-to-medium size businesses may be missing out on valuable opportunities to reduce their tax bills by not maximising the wealth of legitimate depreciation deductions available in the commercial property they either own or rent. According to Australian Taxation Office rules, commercial property owners and tenants can simultaneously claim for two categories…
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Preliminary clearance rates hold steady at 77.5% (13/11/16)
This time last week, the preliminary clearance rate was reported to be at 77.5 percent as is the case with this morning’s report. As results come in over the coming days, we will get a firmer view on how the numbers end up however with a strong preliminary headline result and increasing volumes of properties going to auction, the market appears…
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Defence Housing Australia Appoints New MD
Jan Mason has been confirmed as Managing Director of award-winning Government Business Enterprise Defence Housing Australia (DHA). Ms Mason, who acted in the role for the previous year, has been appointed for a further five years, DHA Chairman, the Hon J.A.L. (Sandy) Macdonald, said today. Mr Macdonald said Ms Mason had already accomplished a great deal and would continue to…
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realestate.com.au launches Australia’s first VR property app on Google’s Daydream platform
Australians can now more readily explore and view properties in virtual reality, via the realestate VR app launched by realestate.com.au, on Daydream, Google’s high quality, mobile virtual reality platform. Australia’s first dedicated virtual reality property app on Daydream features a range of active realestate.com.au listings, allowing consumers to walk through their potential next home, in their own time. The number of properties available…
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How the US election will affect the property market: LJ Hooker
Today, as the world watched the US election unfold, LJ Hooker Head of Research, Mathew Tiller gave us some preliminary thoughts on the impact of a Trump win on the Australian commercial and residential property market. Says Tilley, “Nearly all parts of the Australian economy are intrinsically linked to the performance of the US; our equity markets take their direction from…
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PropertyAnt: a new online platform helping the next generation of property investors
Research shows that new investors are starting earlier in life and are more likely to own several rental properties over their lifetime. PropertyAnt is a new tool that has been created to service this growing market segment. The 100 percent online and mobile solution matches investors with the right tools, experts and strategies that will enable them to feel confident about…
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RE/MAX global growth trending upwards
RE/MAX growth in Australia and New Zealand is travelling a similar upward path as the international scene, says managing director Michael Davoren. In a recent broadcast, Dave Liniger, the CEO, Chairman and Co-Founder announced that the worldwide RE/MAX network had topped 110,000 agents. “The September quarter was the 19th consecutive quarter of growth for RE/MAX across the globe,” said Mr…
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Bankwest to deliver real time updates on home loan applications
In possibly an Australian first, Bankwest customers are now able to check the details and status of their home loan application using Application Tracker, a real-time, 24/7 online service, that also sends push notifications at key milestones. Bankwest’s Executive General Manager of Retail, Andrew Whitechurch, said the Application Tracker had been developed by working directly with customers to understand their needs.…
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Clearance rates creep towards 80% (6/11/16)
Auction markets continue their strong run with the weighted preliminary clearance rate holding well above 70% for the 15th week running. Auction activity has continued to rise through in the final month of spring, however, the number of auctions remains well below the highs recorded a year ago. The preliminary clearance rate was 77.5% across 2,490 reported auction results. This…
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Whose Depreciation Claim Is Top Of The Block?
Which apartment on Channel 9’s 2016 season of The Block is going to be the most appealing to potential investors? EPM regular, Bradley Beer from BMT Tax Depreciation and his team have run the numbers and share their analysis. Here are the key points: It looks like investors could claim an average of over $2.2 million in depreciation deductions for…
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Are all bets off for RBA rates announcement tomorrow?
A RateCity.com.au analysis of over 30 key economic indicators overwhelmingly point to interest rates on hold in November with the Board tipped to sit tight as they monitor global economic movements. Peter Arnold, Data Insights Director at RateCity.com.au, said the consumer price data will be a key discussion point at tomorrow’s rate decision after last week’s inflation figures came in…
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Auction Markets Remain Firm (30/10/16)
Auction markets remain firm, recording the 14th consecutive week where the combined capital city clearance rate remains above 70%. The final weekend of October shows the auction clearance rate remains high across the combined capital cities, recording above 70.0 per ent for the 14th consecutive week. There were 2,246 auctions held across the capital cities, with a preliminary auction clearance…
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It’s a two speed property market: Domain
Australia has a two speed property market, with some capitals hitting record high prices while other markets weaken, according to the September quarter Domain House Price Report. Nationally the median house price increased by 1.7 per cent over the quarter, but varying levels of local supply and demand are delivering mixed results for individual capitals. Melbourne and Sydney prices have…
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realestate.com.au launches new content campaign with MasterChef’s Gary Mehigan
realestate.com.au continues to invest in digital entertainment, with today’s release of ‘Sale Scents’ starring popular celebrity MasterChef Gary Mehigan. Inspired by existing research that says using aromatic citrus scents could help your house sell for more, realestate.com.au teamed up with Mehigan and aroma specialist Dr Megan Thornton to put it to the test in a fun two-minute film. In the…
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REALABS: The Future of Property Technology
REA Group today announced REALABS, a purpose-built invention space in the heart of Australia’s tech hub, Richmond, designed to create, trial and bring to life the newest technologies for consumers to experience property. The new space will be dedicated to invention and innovation, housing a range of new technologies, including virtual reality, augmented reality, drones and robotics. REALABS will be…
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Captial City Auction Markets Record Highest Preliminary Clearance Rate This Year (23/10/16)
This week, CoreLogic are reporting the highest preliminary national clearance rate this year, reaching 80.2% over the combined capitals. The number of homes taken to auction this week increased to 2,641, compared with 2,443 over the previous week. The preliminary clearance rate of 80.2 per cent is the highest recorded for the year so far, up from 76.2 per cent…
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CoreLogic Property Pulse Market Update (w/e 20 September, 2016)
Market update (w/e 20 September, 2016) The Reserve Bank (RBA) released the minutes of their October monetary policy meeting earlier this week. At the meeting the RBA board decided to keep official interest rates on hold at 1.5%. The major points of note from the minutes were: GDP growth moderated in the June 2016 quarter however, it was higher than forecast…
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Investor housing demand rises as owner occupier fades, CoreLogic Research
Housing finance data for August 2016 was recently released by the Australian Bureau of Statistics (ABS). Over the month there was $31.4 billion worth of housing finance commitments which was -1.0% lower over the month and -5.1% lower than it was at its peak in April 2015. The $31.4 billion worth of commitments in August was split between $19.5 billion…
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Infrastructure Partnerships Australia discussion paper
The Property Council of Australia has welcomed the release of Infrastructure Partnerships Australia’s report “From Housing Assets to Housing People”. “The Property Council does not normally comment on public housing as our focus is on the broader issue of housing affordability and the operation of the housing market. However, it is clear that the funding of public housing is in…
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Chinese Buyers Increase Their Share of Australian Hotel Transactions, CBRE
Chinese investors have upped the ante in the Australian hotel sector, accounting for 42% of the $1.7 billion in hotel sales year-to-date according to new research from CBRE. CBRE Hotels Executive Director Robert McIntosh said the Australian hotel market was being increasingly targeted by Asian capital – with Chinese investors leading the charge. “Recent volatility in global equity markets, particularly…
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Clearance rates remain above 70 percent (W/E 16/10/16)
It has been another strong week for auction results, with a preliminary auction clearance rate of 77.9 per cent. There were 2,405 auctions held across the combined capital cities. Auction volumes still remain below levels of last year. The clearance rate has remained above 70 percent since the last w eek in July. Last week, the final auction clearance rate…
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Greg Dickason appointed CoreLogic’s International Chief Technology Officer
Greg Dickason has been appointed CoreLogic’s International Chief Technology Officer, reporting to the US CIO Bob Frosell. Greg has an international track record of delivering advanced technology and innovative products for the real estate sector, including the award-winning API that powers mobile apps as diverse as the Harcourts eOne App and Westpac Wonder. Greg has a passion for innovation and…
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Domain Rental Report September Quarter 2016
Domain reports that for the last Quarter, the rental market is fairly stable, with little to no fluctuation in rents for most capital cities. A key insight for the September quarter is national vacancy rates. Despite a glut of new developments in both Melbourne and Sydney, the national supply of rental properties is tight, with some markets recording just 0.6…
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RateCity quarterly rate review shows major movements in mortgage lending
According to RateCity’s latest Rates of the Nation report, the RBA’s 1.5% August cut has led to significant action within the mortgage and deposit spaces, yet little movement in credit card rates. Home loans: Now more than a year since the emergence of investor pricing and the ‘ideal borrower’ and the rate gap has continued to widen. Home loan rates have…
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Raine & Horne ramps up website following international property gong
The Raine & Horne website, rh.com.au, has been recognised as one of Asia’s best with an award at the 2016 Asia Pacific Property Awards 2016, held at the glittering Shangri-La Hotel, Kuala Lumpur, Malaysia, earlier this year. Bill Russell, Raine & Horne’s General Manager International, was on hand to collect the award, along with Ms Zaidatul Adawlyah Zaki of Raine &…
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Raine & Horne marks 40 years of franchise success
Global real estate Superbrand Raine & Horne will mark 40 years of franchising success on Wednesday 19 October with a celebration at its franchise flagship, Raine & Horne Liverpool. In 1976, led by former Chairman Max Raine, who enjoyed a 60-year career with the 133-year old firm, the Raine & Horne board determined to open a minimum of five franchise…
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Your Tenants Can Now Insure Their Rental Bonds
BONDSURE announces the launch of an innovative new financial product that provides renters with an option to pay rental bonds off in instalments while helping them to protect these bonds for the first time through a revolutionary new type of insurance. Tenants can apply online to have rental bonds up to $5,000 paid on their behalf by BONDSURE, to be…
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Abakus Apps announced 2016 MyBusiness Awards Finalist
Abakus Apps – a finance-based smartphone application that streamlines the property tax management process – has been announced as a shortlisted finalist in this year’s Optus MyBusiness Awards, for the category Fintech Business of the Year. Founded in 2015 by farmer turned emerging fintech entrepreneur Brenton Tidow, Abakus Apps launched to market less than five months ago, and is growing…
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Real VR: Next Gen Real Estate Marketing Has A New Home
Real VR, part of the global award-winning Start VR business, has just been launched to provide VR content creation and production services to an industry for which the technology is an obvious – but previously untapped – fit. Real VR is headed up by Jason Salter, formerly of Laing+Simmons and Ray White, whose 20 plus years’ project marketing experience and…
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Volumes rise and return a strong clearance rate (W/E 09/10/16)
After a relatively quiet weekend last weekend, volumes and clearance rates have risen substantially this week. There were 2,246 auctions held across the combined capital cities. The preliminary clearance rate was 79.2 percent this week, up from a final clearance rate of 75.8 per cent last week across just 872 auctions. This week four of the capital cities recorded clearance…
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