National
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International RE/MAX Convention in Las Vegas puts Aussies on the map
Twenty-five Australian RE/MAX members joined RE/MAX Australia and RE/MAX New Zealand’s Managing Director, Michael Davoren, in Las Vegas recently for the 46th annual R4 Convention, where they rubbed shoulders with many thousands of real estate agents and broker owners representing more than 60 countries. “The Greatest Network On Earth was a proud theme and a bold statement in Vegas this year, but…
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realestate.com.au launch new competition to re-imagine the rental experience
realestate.com.au have today launched The Real Ideas Prize, a new ‘shark tank’ style competition for those who work in real estate to pitch their big idea on how to improve the rental experience. Contestants from around the country will have the chance to win a share of $100,000 and access to leading industry mentors to help bring their idea to…
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Victoria continues to lead First Home Buyer Market as each capital improves in different sectors
The Adelaide Bank/REIA Affordability Report for the December quarter 2018 showed a slight decline in housing affordability nationally with the proportion of income required to meet loan repayments increasing to 31.2 per cent, up by point one per cent. However, it showed an improvement of point four per cent when compared to the December Quarter of 2017. “When we look…
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March 2019: RBA rates unchanged, industry responds
Yesterday (5 March 2019), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 27th consecutive meeting. Here’s a quick rundown of what went down! With respect to the housing market: After the earlier large run-up in prices, the adjustment in the Sydney and Melbourne housing markets is continuing as conditions remain soft in…
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Andrew Bell says there will be an urgency among property buyers on the election leadup
The Gold Coast property market may be getting an unexpected shot in the arm from the federal election, according to Ray White Surfers Paradise Group (RWSP). RWSP CEO Andrew Bell says he has noted an emerging sense of urgency among some buyers eager to lock in a purchase sooner rather than later. These buyers are factoring in a change of…
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Real Estate Results Network have announced the winners of the Australasian Real Estate Results Awards (ARERAs)
The top-performing independent real estate agents throughout Australia and New Zealand have been recognised at the 13th annual Australasian Real Estate Results Awards (ARERAs). Hosted by industry coaching and training body Real Estate Results Network (RERN), this year’s awards saw strong competition in all award categories. The coveted award for Agency of the Year (metro) was given to Melbourne agency…
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CoreLogic Home Value Index: Downward trend continues in February
CoreLogic released its February home value index results showing a a fall of 0.7%, across the combined capitals increasing the cumulative decline to -6.8% since values last peaked in October 2017. Head of research at CoreLogic, Tim Lawless said, “The fact that we are seeing weakening housing market conditions across regions where home values were previously rising at a sustainable…
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rent.com.au release half-year report
rent.com.au (ASX:RNT) released their half-year results this week, showing improved revenue for 2018 was $1.05 million with a net EBITDA loss of $1.3 million, a 21.5 per cent improvement on losses reported in the previous financial year. The Group say they have continued to realise a savings benefit from ongoing search engine optimisation and other work done in previous periods…
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Ray White offices across the country honoured as the cream of the crop in property management
The Ray White Group has announced the recognition of elite performance in the field of property management and business development for property management. Alan White Elite – Property Management Business was awarded to 27 offices across the nation and the Property Management – Business Development was awarded to 10 offices from Victoria, Queensland and New South Wales. Ray White Head…
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Finalists revealed for the 2019 REIA awards
The Real Estate Institute of Australia (REIA) has announced the finalists for its 14th Annual National Awards for Excellence, to be held at Crown Perth on Thursday 21 March 2019. REIA President Adrian Kelly said the Awards recognise the best performers across all aspects of real estate including residential and commercial agencies, residential and commercial sales, residential and commercial property…
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Online auction sees the industry’s finest coaching talent up for bids
Never one to shy away from a challenge, REA Director of Industry Relations and Digital Live founder Steve Carroll has upped the ante in his efforts to raise funds for disadvantaged children, with his eye now firmly fixed on a $100,000 fundraising target that will go to the charity Hands Across the Water. Last year, Steve joined forces with some…
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Dexar Group Celebrates its best for 2018
Dexar Group recognised its stars of real estate over the weekend at a Hollywood themed event held at QT Hotel. Amongst the winners were Jonny Warren, who was recognised for his leadership, receiving the Richard Stanton Memorial Award for Role Model of the Year, while Salesperson of the Year was awarded to Mark Wolens. Aaron Lewis, Ashleigh Webb, Mark Larmer…
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UK and US Chiefs quit Purplebricks amid revenue downgrades
Purplebricks Group released a statement this morning stating the UK boss Lee Wainwright and US Boss Eric Echkardt would be leaving the business. The statement also reports updated revenue guidance figures for 2018/19 Financial year of GBP 165-175m (AUD 300-320m) has been revised down to GPB130 – 140m (AUD 240-260m), with expectations for the US markets and Australian markets similarly…
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The Agency appoints Andrew Jensen to the role of interim chairman
The Agency Group (ASX:AU1) announced the appointment of Andrew Jensen to the role of interim Chairman, effective 18 February 2019. Mr Jensen will succeed Mr Phillip Re who has tendered his resignation as Chairman and will step down from the board on the same date. Mr Jensen is an accomplished CFO with over 18 years experience in senior finance and management roles.…
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Training Day: Melinda Cotton
Property management can be a complex role. The property manager’s primary role is to manage the tenancy of rental properties, but it comes with a multitude of areas of responsibility – including the maintenance, security and functionality of a given property. Then one must factor in the human component, including the needs and desires of the property owner, the tenant…
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How property values impact economic growth
Here’s a breakdown of the minutes from that meeting and how different economic factors may affect the property market. With respect to GDP and economic growth, the attendees noted that The September quarter national accounts were released the day after the December meeting, with figures showing that growth in real GDP of 0.3 per cent in the quarter and 2.8 per cent over…
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Reapit Appoints Eddie Cetin to Managing Director
Reapit, a global property CRM platform provider, has appointed Eddie Cetin as Asia-Pacific (APAC) Managing Director (MD) to manage its sales and operations in the region. As CEO and co-founder of Australia’s market-leading real estate CRM software, Agentbox, for nearly 10 years, Cetin brings considerable global technology and property experience to Reapit. Working with Reapit CEO Gary Barker, Cetin’s appointment…
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Three reasons you should register for Momentum 2019
realestate.com.au has announced a new and exciting format for Momentum 2019. The series will return to Brisbane, Sydney, Melbourne, Canberra, Adelaide and Perth in March. On the line up this year is world renown motivational speaker Yossi Ghinsberg, as well as Amanda Stevens and of course Steve Carroll, realestate.com.au’s Head of Industry Relations. There will also be breakout streams for…
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Ratings and reviews experience is now live on realestate.com.au
Agent Ratings and Reviews, an unbiased platform to help agents get noticed by more people on realestate.com.au, is now live. Since being launched to agents in December 2018, over 4000 ratings and reviews have been collected from genuine past buyers and sellers. These have been gathered through a combination of agent invite and direct to consumer channels to create a…
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Reinvigoration of IT strategy to kickstart McGrath’s future growth
McGrath Limited (ASX: MEA) announced its FY19 first-half results, showing an 18 per cent drop in revenue. A release to the ASX points to the subdued market conditions having an impact on performance, resulting in an EBITDA loss for the first half of $2.5 million. This result comprises the previously reported first-quarter loss of $1.9 million and a reduced second-quarter…
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Industry growth specialist joins LJ Hooker
LJ Hooker has appointed Asha Kerr as Business Growth Manager, to work alongside its extensive network of business owners in New South Wales to support their long term growth strategies. LJ Hooker Network Chief Graeme Hyde said, “We are delighted to welcome Asha to the LJ Hooker family. With a career spanning almost two decades, she brings with her tremendous…
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Toad-ally got this: Debbie Palmer
One of my favourite stories that I share in my coaching and training sessions is about what was thought to be an incurable disease within the property management department. The story starts as most do. Once upon a time, there was a man with an incurable disease known as toadulitus. He had consulted many doctors and specialists, but no one…
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Design based thinking : Ariel Beninca
I’m a User Experience (UX) designer for Console, which means I take the functions and features of Console Cloud and organise how best to lay out the menus, options, windows and so on. The goal is to create the best experience for people using our software To do that well, I focus on incorporating principles of user-centred design. That’s a…
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Revenue per listing up, but the future is adjacencies
Domain Holdings (ASX: DHG) released it’s 2019 half-year results on Friday, with the portal reporting a net loss of $156.4 million for the six months to December 2018. A non-cash goodwill write-down of $178.8 million drove the results into the red. Excluding this, Domain reported: Revenue growth of 0.3 per cent to $183 million EBITDA of $52.7 million Net Profit…
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RE/MAX Australia announce top performers at annual awards night
RE/MAX Australia have announced its top performers of 2018, as more than 450 agents made their way to The Star on the Gold Coast last night. The evening formalities hit off with the announcement of the networks ultimate individual honour, The Eagle Award. The prestigious award went to siblings Travis and Tandi Gill, broker-owners of RE/MAX Advantage, located in Brisbane’s bayside…
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UBank eyes AI technology for a service edge
National Australia Bank’s digital subsidiary UBank, looks set to launch the world’s first digital human. UBank has named it’s newest member MIA (My Interactive Agent), who will look to target the home loan sector. Mia is enabled with voice detection and situational awareness, whilst also being able to respond to questions 24 hours a day. These specific characteristics have been…
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Purplebricks appoint ‘agile results-focused’ digital agency
Flat-fee based agency Purplebricks have appointed digital agency King Kong to create digital marketing strategies and campaigns across Google Ads, YouTube pre-roll and Facebook. “As a disrupter in the real estate industry, we needed a campaign to match our agile, results-focused approach. So King Kong was the perfect fit,” Purplebricks Australia CEO Neil Tavender said. “Purplebricks Australia is growing rapidly…
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realestate.com.au announced as official online property partner for the 2019 Toyota AFL Premiership Season
Realestate.com.au will be the official online property partner for the 2019 Toyota AFL Premiership Season. In addition to the official online property partner of the AFL, realestate.com.au will also be the naming rights partner for the AFLX 2019. The agreement builds on realestate.com.au’s existing sponsorship with the Sydney Swans, which will continue in 2019. REA Group General Manager Brand, Marketing and…
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Banking Royal Commission final report demands crackdowns and compensation
The long-awaited final report from the banking Royal Commission has been handed down. The report, received by the Morrison Government on Friday 1 February and released publicly Monday 4 February, has suggested sweeping changes to the industry and 76 actionable recommendations. Commissioner Kenneth Hayne’s final 530-page report and 76 recommendations have been welcomed by the Federal Government and Labor, who…
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February 2019: Interest rates on hold, Industry reaction
Yesterday (5 February 2019), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 26th consecutive meeting. “Inflation remains low and stable. Over 2018, CPI inflation was 1.8 per cent and in underlying terms inflation was 1¾ per cent,” said RBA Governor Dr Philip Lowe. “Underlying inflation is expected to pick up over the next…
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Century 21 announce partnership with Seven West Media
Century 21 has announced a multi-year partnership with Seven West Media that will see the new look Century 21 brand, properties and agents promoted across several media assets. Home Beautiful will feature the Century 21 brand on the cover of the magazine and exclusive Century 21 property listings within it in 2019. Century 21 agents and branding will also feature…
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New database offers first ever Landlord Report Card
In an Australian first, LIDA (Australasia) – Landlord and Investor Database for Agents – has developed a Landlord Report Card, giving property managers insight into landlords before they take them on as clients. Up until now, landlords have had the ability to swap and change agencies and property managers at will, with no information available to the new management on the…
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Online platform allows buyer to purchase home while shopping for groceries
Ipswich Real Estate’s Dylan Ansems and Jason McNamara are savvy users of technology. When they listed a property in Woodend, their Click2Offer system sent an email to alert all parties interested in property that it was now open for online offers (over $365,000). When the email notification popped up on one parties phone, she immediately registered and made her first offer…
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Real estate industry professionals recognised in Australia Day 2019 Honours
Several members of the real estate industry have been recognised in the 2019 Australian Day Honours, receiving recognition for the work they’ve done both for the industry and for their communities. 2019 saw 1,127 Australians recognised on the Australia Day list – the largest number in the history of the Order of Australia. Among those recognised were several members of…
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Realestate.com.au report shows the true issues facing ‘Generation Rent’
In partnership with youth publishing group Pedestrian. TV, realestate.com.au has released the 2019 Renters Report which provides a snapshot of young Australian renters and the issues facing them. The report highlights some surprising statistics around living conditions and rental stress in 18 to 39-year-old Australians. It surveyed 3,500 respondents nationally through quantitative research methods, as well as taking a qualitative…
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