National
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REA Group announces promotion of Kul Singh to Chief Sales Officer
REA Group has announced the internal promotion of Kul Singh to the position of Chief Sales Officer and a member of the Executive Leadership Team, commencing January 20. In his new role, Mr Singh will be responsible for all aspects of sales across REA Group, including sales teams supporting residential, developers, commercial and media customers. Mr Singh joined REA Group…
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REA Group joins the global support of Australia’s bushfire relief efforts
As Australia’s bushfire crisis continues, REA Group is introducing relief initiatives to help provide assistance to those affected by the devastation. REA Group CEO, Owen Wilson said like all Australians, the REA had been shocked and saddened by the overwhelming impact Australia’s bushfires are having on local communities and the environment. “We know nothing can take away the devastation experienced…
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House prices close out 2019 with more strength
It was another strong month of house price growth in December, as the year-end rally stayed true to form across the country. Across the major capital cities, dwelling values increased by 1.2%, marking yet another solid monthly performance, according to the latest data from CoreLogic. Again it was Sydney and Melbourne leading the price increase,…
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Ray White optimistic about year ahead after successful 2019
Ray White is optimistic about the real estate business heading into 2020 after a successful 2019 which saw the group top its previous year’s sales numbers and record its best-ever month in November – all despite challenging market conditions. Ray White Group Managing Director Dan White the 2019 results were testament to the quality of leadership…
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‘A Little Ray of Giving’ raises thousands this Christmas
Christmas came early for many charities as Ray White’s Christmas initiative ‘A Little Ray of Giving’ raised thousands of gifts, money and more than 300 bags of non-perishables across Australia and New Zealand. More than 350 offices across the Ray White Group signed up to the cause, with more than 11,000 presents gathered, $2,200 in cash, $1,000 in gift cards…
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New proptech ListReady is capturing the market with a clever alternative to manage property listing expenses
Marketing is one of the best investments a vendor can make to attract buyers and create competition. An innovative tech-based ‘pay later’ solution is revolutionising this process by providing an alternative to credit cards to cover advertising and other listing-related expenses.
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Weekend Auction Wrap: Volumes taper off ahead of Christmas
Auction volumes and the preliminary clearance rate across the country were lower this weekend, as the tapering off ahead of the Christmas period officially began. The clearance rate in Sydney dropped for a third straight week, with volumes down by -13 per cent on the prior week. Only 846 homes were taken to auction, according to the latest data from…
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LJ Hooker Foundation donates $200,000 to those in need
The LJ Hooker Foundation has donated almost $200,000 to help those in need this year, including charities Humpty Dumpty Foundation, Cystic Fibrosis, Share the Dignity, and the Australian Red Cross. The LJ Hooker Foundation, which has raised more than $8 million since inception, helps LJ Hooker offices engage with their local communities and boost social impact. Most recently, in the…
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Research shows consumers prefer SMS marketing
New Australian research shows nearly three-quarters of consumers say an SMS message from a business is more likely to get their attention than email or an app notification. Mobile business messaging provider MessageMedia said around the world, many businesses are already reaping the benefits of SMS-driven customer interactions, as demonstrated by the incredible growth in SMS statistics. In 2017 there were 8.3…
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REIA re-elects President for second term
The Real Estate Institute of Australia (REIA) re-elected Adrian Kelly from Tasmania as President for a second term at its Annual General Meeting in Canberra in last week. Mr Kelly was born and raised in Hobart and has worked in the Tasmanian real estate industry since 1990. He is the founder and CEO of View Real Estate, an independent agency…
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Lenders sign up to First Home Loan Deposit Scheme
Twenty-seven lenders have now been endorsed to participate in the First Home Loan Deposit Scheme in the lead up to the scheme starting on 1 January 2020. The scheme, which will provide support for up to 10,000 first home loan guarantees for eligible first home buyers each financial year, aims to help first home buyers purchase a home faster. HIA…
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Belle Property launches holiday rentals platform, Belle Property Escapes
Belle Property has announced the launch of Belle Property Escapes – the holiday rental brand of the premium real estate company. Belle Property Escapes features rentals in some of the country’s most desirable holiday destinations including Avalon/Palm Beach, Jervis Bay and the Central Coast in New South Wales, as well as Cairns in Queensland. CEO of Belle Property, Peter Hanscomb,…
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The Agency predicts steady house price growth in 2020
A combination of cheap funding and low stock levels are helping boost house prices across the country and that is expected to continue into 2020, according to real estate group, The Agency. In their Summer 2019/2020 property report, The Agency CEO Matt Lahood has suggested there could be more upside in house prices next year, despite supply levels slowly starting…
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Beyond Blue and HIA continue mental health push
Beyond Blue and the Housing Industry Association (HIA) have extended their partnership to continue supporting the mental health of people working in the residential building industry. HIA Managing Director, Graham Wolfe, said for five years the HIA Charitable Foundation has supported Beyond Blue in improving access to mental health resources for people in the building industry. “By extending this partnership…
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Laing+Simmons’ new partnership to deliver next level network support
Laing+Simmons has struck a new partnership aimed at delivering an expanded range of essential services to members of the Laing+Simmons family. The partnership means those tasks which can distract business owners, principals, agents and property managers from their core focus of building a business and serving customers are taken care of. The new partnership with David Taylor’s Agency Services Group…
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Weekend Auction Wrap: Sydney and Melbourne auction results continue to lead the way
Auction results were strong for yet another week, as buyer demand continues to outstrip supply. Across the country, the latest CoreLogic data has shown that the national preliminary auction clearance rate came in at 74.5% from a total of 2,837. This was the second busiest week of the year, however, the numbers were down slightly…
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Jamie Durrant launches Regional Homes Australia
Essentials Magazine Australia editor, Jamie Durrant, has launched a digital property and lifestyle magazine, along with a property marketing service. Entitled Regional Homes Australia, the online publication will feature building, design, regional personalities, lifestyle experiences, and curated Australian residential real estate listings. As the name suggests, Regional Homes Australia focuses on properties situated outside of Australia’s capital cities. Regional centres…
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HTW monthly update – Property prices deliver strong end to 2019
As 2019 draws to a close Herron Todd White have assessed where the nation’s property markets currently sit and how their predictions stacked up over the course of the year. We saw a slow start for property in 2019 thanks to an uncertain regulatory environment and the federal election which had big implications for property investors. Since that point, market…
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The major changes in our cities that will kick off the 2020s
A drop in car ownership, smaller houses, walkability impacting property prices, residential blocks atop shopping centres, and ‘mini Melbournes’ in outer suburbs. These are the city trends that will begin to emerge next year and mark the commencement of a new decade in urban planning. The forecasts come from one of Australia’s most experienced, recognised and multi-award winning urban planners…
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Prime waterfront properties command 63 per cent premium
Prime absolute waterfront properties in Australia are worth up to 63% more than their inland counterparts on average, according to Knight Frank’s latest Australian Prime Waterfront Index. The Index, which measures how much uplift value an absolute waterfront location can add to a property, found the premium was the greatest in Sydney, with up to 94.9%…
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Affordability prompts highest number of first home buyers
Housing affordability has improved across the country resulting in the highest percentage of first home buyers in the marketplace in eight years, according to research from the Real Estate Institute of Australia. REIA President Adrian Kelly said the September quarter 2019 edition of the REIA Housing Affordability Report found housing affordability improved in all states and territories, except Tasmania, while rental affordability improved across…
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The RBA leaves rates on hold at 0.75% at December meeting
The Reserve Bank of Australia has left the official cash rate on hold at 0.75 per cent in the final meeting of the year. Headed into today’s announcement, there was only a five per cent chance of a cut to the cash rate. We’ve already seen three 25 basis point cuts this year, however, there is still the expectation that…
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Weekend Auction Wrap: Sydney and Melbourne continue to see strong clearance rates
It was another huge weekend of auctions in Australia’s two largest property markets as the spring selling season closed out with strong demand from buyers. Again it was Sydney that led the field, finishing the weekend with a preliminary clearance rate of 84.7 per cent, according to CoreLogic. In total there were 1,131 auctions held in Sydney, making it the…
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A third of Australians choose overseas travel over a home
When asked to choose between being well travelled or owning a home, one in every three Australians values travel over home ownership. That was the key finding from ME’s recent travel survey which explored how important travel is to Australians. The trade-off between buying a home and exploring the world was far more apparent among 18-24 years olds, with 50…
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Money magazine names best financial providers for 2020
Australians could save more than $180,000 by switching to financial product providers that have been named winners of Money magazine’s Best of the Best Awards for 2020. More than 100 winners were named across financial services including credit cards, term deposits, banking, loans, superannuation, insurance, investments and online broking; as well as personal and business services such as broadband, phone…
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Australia, New Zealand feature in global real estate ranks
When Denver-based RE/MAX LLC recently announced its global Top 100 rankings for January to September this year, 25 residential sales teams from Australia and New Zealand made the cut. Included were:#4 Neilson Team, RE/MAX Bayside Properties, Cleveland, AU#7 Don Ha Project Sales, RE/MAX Revolution, Auckland, NZ#15 Rademeyer Team, RE/MAX First, Caloundra, AU#16 Melita Bell Team, RE/MAX Success, Toowoomba, AU#17 Deborah…
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Partnership to help home hunters get best mortgage rates
Social property app Sohoapp.com has partnered with Westpac-backed uno Home Loans so homebuyers using the app can check if their home loan is competitive, and how much they could save by refinancing. Sohoapp.com founder and CEO Jonathan Lui said the company is launching uno’s loanScore and mortgage calculator products throughout its platform. “Our mission is to help Australians get into…
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Community responds to Realmark’s SOS drive
Realmark offices have joined forces in the lead up to Christmas to create a community event raising awareness of their corporate community program True Blue and Starting Over Support (SOS). SOS – a not-for-profit organisation that helps families moving on from crisis to build a new life – was selected as the groups’ community program for 2019. Their aim is…
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Professionals network refreshes brand
The national reshaping of Professionals Real Estate Group is gathering pace, with the network refreshing its brand nationally. Professionals Real Estate Group chief executive officer David Crombie said the benefits created through the unification of the 225-plus member group last year had exceeded expectations and the branding refresh was designed to further build the group’s momentum. The management of Professionals…
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Barry Plant raises nearly $95,000 for Make-A-Wish during “Wishtober”
Every year the Barry Plant Group turns October into “Wishtober”, raising funds for Make-A-Wish Australia – an organisation that grants life-changing wishes to children and teens suffering from serious illness. During Wishtober every Barry Plant office contributes an amount from the commission from every property sold in the month, with Head Office also contributing to the cause. This year they…
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Weekend Auction Wrap: Positive signs for the market in 2020
It was a huge weekend of auctions across the country with Sydney again leading all comers, as buyers are continuing to make aggressive moves in a bid to get deals done by Christmas. Sydney’s preliminary auction clearance rate came in at 82.3%, which was up sharply on up on last week’s final clearance rate of…
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Barry Plant partners with Anywhere Auctions
The timing of auctions can create all sorts of logistical problems for potential vendors or buyers and their advocates. What if you are buying or selling a property that’s in another state or city? What if you are travelling for business or a holiday and can’t be there on the day of the auction? What if there’s an auction on…
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Knight Frank’s Private View of extraordinary spaces around the world
Despite continuing economic and political uncertainty, the demand for prime property, and investment in commercial assets, are still showing signs of strength. The latest issue of Knight Frank's Private View showcases some of the most extraordinary and unique properties currently on the market. Private View features a small, but exceptional sample of properties including the…
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Not back to ‘game on’ for new apartments just yet: JLL
Despite the rebound in housing market activity and existing dwelling prices seen over recent months, we should not be expecting a sudden rebound in the new construction apartment market and conditions will remain tough for developers in the short-term, particularly in Sydney and Melbourne as the tail end of the last construction cycle is absorbed.…
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RISE2020 – A conference with a conscience
A stellar line-up of some of real estate’s top performers will gather in Melbourne next April to put their weight behind a new initiative to support good mental health. RISE2020 is more than just a real estate conference. It’s a conference with a conscience. Proceeds from the event will go towards seed funding for a mental health resource for the…
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