National
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Housing downturn loses some steam: CoreLogic
CoreLogic’s latest home value index results show the pace of declining property values in March eased relative to the past four months. Head of Research at CoreLogic, Tim Lawless, confirmed that the 0.6 per cent drop in March was the smallest of the month-on-month declines since values fell by 0.5 per cent in October last year. However, Mr Lawless noted…
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REIA responds to Opposition’s start date for negative gearing and capital gains tax changes
The REIA has reiterated its strong opposition to the Labor Partyās negative gearing and capital gains tax policy, following the announcement that 1 January 2020 would be the start date for their negative gearing and capital gains tax increases if they were to win the federal election. āThe REIA has always been concerned with the impact the policy would have…
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Peer to peer office space market gets a reboot
Australian PropTech disrupter Rubberdesk recently announced the relaunch of its peer to peer marketplace for businesses. Through the platform, businesses are able to earn money by renting out their spare office space on a monthly basis. The platform currently has over 15,000 spaces available to rent, with the relaunch adding extended three-, six- and 12-monthly rental terms, online payment processing…
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Rod Leaver appointed CEO of Knight Frank Australia
Stephen Ellis has announced he will be retiring from Knight Frank Australia, effective 30 June, with Rod Leaver taking the position as Chief Executive Officer on 6 May 2019. Mr Leaver will report to Kevin Coppel, Managing Director, Asia Pacific. Since returning to Australia in 2016, Mr Leaver has been advising groups on real estate strategy, portfolio governance and urban…
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Hello Alfred, can you find me a cleaner?
Everyday we hear about a new platform which is leading the charge in making property management easier. Earlier this week, Hello Alfred announced an in-app assistant program which sets up building managers to a range of services for easier up keep. The Hello Alfred app provides apartment residents with on-request services from cleaning, grocery delivery, prescription refills and tech support,…
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Less than a week to go to submit your game changing idea: Real Ideas Prize
There is only less than a week to go before the entries for the Real Ideas Prize, hosted by realestate.com.au, closes. The Real Ideas Prize is a unique ‘shark tank’ style competition for anyone in the real estate industry to pitch an idea- no matter no big or small- to go in the running to win a share of $100,000…
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National Australia Bank removes home loan spotters’ fees
The National Australia Bank has announced they will be terminating their āIntroducerā payments program, which some finance commentators have dubbed spotters’ fees, effective 1 October 2019. According to the bank’s Chief Executive Officer, Philip Chronican, it is a priority for NAB to keep improving and changing to be a better bank. āThrough the Royal Commission we heard clearly that our…
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Century 21 welcomes Warren McCarthy as their new CEO
Century 21 Australasia has announced the appointment of Warren McCarthy as their new CEO. Mr McCarthy, an industry veteran of 35 years has held senior roles with LJ Hooker (as CEO) where he was instrumental in growing the network across Australia as well as into India and South East Asia. More recently he was a member of the McGrath Group…
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Nation’s capital dominates the REIA awards for 2019
The Real Estate Institute of Australia (REIA) announced the winners of the 14th National Awards for Excellence last night at a gala dinner held at Crown Perth on 21st March 2019. REIA President Adrian Kelly said the awards acknowledge and recognise the best of the best in Australian real estate. āMore than 250 real estate professionals from across Australia converged…
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Negative Gearing reform will increase rents and decrease values: SQM
If Laborās negative gearing policy is legislated in its current form, expect a rise in rental yields which will occur through a combination of falling house values and, eventually, a rise in rents. That’s the headline from an update to an SQM Research (SQM) research paper released in November 2018, modelling the proposed Labor Party changes to negative gearing that…
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Canberra takes the mantle as Australia’s most liveable city
Melbourne has for many years been regarded as Australiaās most liveable city. However, new data from realestate.com.au and Ipsos reveals that, when it comes to how residents actually feel about where they live, Canberra comes out on top. The realestate.com.au Life in Australia report, powered by Ipsos, is the nationās largest annual ongoing study of community values and liveability. The…
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Ray White Commercial reaches for the sky at 2019 Summit
More than 40 Ray White Commercial top performers from across Australia and New Zealand filled Hamilton Islandās Yacht Club as powerful interviews and specialist sessions took place for 2019ās Summit conference. Former Navy diver and shark attack survivor Paul De Gelder was a keynote speaker on the day and had the audience in the palm of his hand as he…
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InfoTrack launches product to safeguard trust account details from cyber criminials
Tech company InfoTrack has launched a product called Securexchange to protect real estate agents, conveyancers and buyers from the threat of large financial loss during property exchanges. InfoTrack General Manager Lee Baillie says that the system has been specifically designed to prevent the intercepting of insecure emails which may include settlement bank account details. Instead of getting the correct account…
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Ray White wraps up biannual training event, Ignite 19
Ray White have kicked off the first quarter of 2019 with a bang, holding its biannual training event, Ignite19, in each capital city earlier this month. The exciting program features inspirational keynote speakers as well as special sessions to help agents excel. The focal messages of this yearās Ignite were to live a life beyond fear and how to adapt…
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The Green Building Council of Australia (GBCA) have appointed Davina Rooney as the new CEO
Officially commencing the appointment on 11 June 2019, the former General Manager of Sustainability and Corporate Procurement will take the reins as Corporate Executive Officer at the Green Building Council of Australia (GBCA). “Davinaās inspirational leadership capacity together with her deep technical knowledge would enhance the organisationās industry perspective as it furthered its goals to make communities more productive, liveable…
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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 Zealandās Managing Director, Michael Davoren, in Las Vegas recently for the 46thĀ annual R4 Convention, where they rubbed shoulders with many thousands of real estate agents and broker owners representing more than 60 countries. āThe Greatest Network On EarthĀ 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 āshark tankā 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. āWhen 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. Hereās 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 yearās 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, āThe 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 industryās 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 FebruaryĀ 2019. Mr Jensen will succeedĀ 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 managerās primary role is to manage the tenancy of rental properties, but it comes with a multitude of areas of responsibility ā 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 0.3Ā perĀ cent in the quarter and 2.8Ā perĀ 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 Australiaās 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, Cetinās 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 anĀ 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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