National
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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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@realty signs partnership with Gold Coast Suns
National real estate network @realty has signed a five-year partnership with the Gold Coast Suns Football Club as an official sponsor of the team’s coaching staff. @realty will be the Gold Coast Suns’ exclusive real estate partner and senior coach Stuart Dew’s first corporate partner. The partnership has been forged as @realty prepares to expand its operations into the Northern Territory,…
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Why agents are knocking at NOKK’s door
Like many start-ups, the idea was born from personal experience. NOKK co-founder Ben Voltz, a digital entrepreneur who also counts transaction platform ROKT as one of his successes, was struggling to find a home in his desired suburb of Albert Park in Melbourne. “There were only about 15 properties on the market, which is a very small amount out of…
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Purplebricks launches new ad campaign, focuses on taking down ‘commission collectors’
Purplebricks Australia has today unveiled an advertising campaign led by media personality Barry Du Bois. The campaign encourages Australians to question the real estate industry’s ‘commission collecting’ model. Encompassing television commercials, digital banners and radio spots, the nationwide campaign challenges Australians to consider how they can get the best return when selling their home. Mr Du Bois, a television property expert,…
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Over $57,000 to donated charity by The Harcourts Foundation this quarter
The Harcourts Foundation, the charitable arm of Harcourts Group Australia, have donated a total of $57,386 across Australia to benefit charities serving the communities where Harcourts employees live and work. “During 2018, a total of $311,652 was granted by The Harcourts Foundation to a long list of community charities,” said Julia Eyles, The Harcourts Foundation Coordinator. “Starting off the new…
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The Agency completes Top Level Acquisition
The Agency Group Australia (ASX: AU1) via their wholly-owned subsidiary Ausnet has completed the acquisition of Top Level Real Estate – also known as The Agency East Coast. The announcement was made via the ASX last night. In addition to acquiring all of the shares in Top Level Real Estate, they have also raised $8.4 million via the issue of…
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First home buyers claim their biggest slice of the property pie in six years
First home buyers have claimed their biggest share of new housing loans in more than six years, according to the latest ABS Housing Finance figures. The data shows first home buyers made up 18.3 per cent of owner-occupier loans taken out in November, up 0.2 per cent from last month. This is the highest share for first home buyers since…
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Market likely to correct, not crash, in 2019 says realestate.com.au
Today realestate.com.au launched its quarterly Property Outlook – January 2019 report (October to December 2018), analysing more than 80 million property searches. While the worst may not be quite over for Sydney and Melbourne, conditions remain highly variable across the country, year-on-year declines in Melbourne (-1.48%) and Sydney (-5.93%) look to be far less severe than many are reporting. Hobart,…
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CoreLogic reveals best performing suburbs for 2018
CoreLogic has released their Best of the Best report for 2018, revealing the suburbs which performed best as the property market slowed. At a macro level, CoreLogic research analyst Cameron Kusher describes the property market conditions for 2018 as ‘slowing quite rapidly’. Digging beneath the surface, his analysis found that the market conditions are now somewhat of a mixed bag,…
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Ray White Christmas cheer raises thousands for charity
Christmas has come early for a number of charities as Ray White’s Christmas initiative ‘A Little Ray of Giving’ raised thousands of gifts, money and triple-figure food bags across Australia and New Zealand. Some 320 offices across the Ray White Group signed up to the initiative, with more than 15,000 gifts collected, over $13,750 in food value raised and 175…
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APRA removes cap on interest-only home loans
The Australian Prudential Regulation Authority (APRA) has announced it will end a 30 per cent cap on the proportion of new loans that can be made on an interest-only basis, saying it was a ‘temporary measure’. APRA chair Wayne Byres said that since the introduction of the cap the proportion of new interest-only lending had halved and that the share…
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Domain purchases Commercial View
Domain have made their first acquisition since the Nine takeover, purchasing Commercialview.com.au. The move comes after the announcement last week that Chief Sales Officer Tom Ainsworth had been made redundant after CEO Jason Pellegrino had made the decision to restructure the business. The acquisition is occurring via Commercial Real Estate Media (CREM) which is a subsidiary of Domain – owned…
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1form launches Tenant Verification
Realestate.com.au’s 1form is making tenant selection easier and faster with this week’s launch of Tenant Verification. The new feature will allow potential tenants to submit a more complete application, by checking their identity documents (Australian driver’s licence or Australian passport) through Australian Government Document Verification Service and National Tenancy Database checks, together with court record checks, and bankruptcy checks conducted by…
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Purplebricks posts interim results, reports Australian operating loss of $10.2 million
Purplebricks have posted their interim results from the first half of the financial year in London, with the report stating ‘market conditions and some operational issues’ are the reason behind significant operating losses in Australia. Shares in the company fell almost 13 per cent after the results were posted. They included an Australian operating loss of $10.2 million in the…
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REIA elects new president
The Real Estate Institute of Australia (REIA) has welcomed the election of a new President, Adrian Kelly from Tasmania. Mr Kelly was elected as the 45th President of REIA, the national professional association for Australia’s real estate sector, at the Annual General Meeting held in Canberra on 13 December, effective immediately. Hayden Groves from Western Australia was re-elected Deputy President…
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Survey results show what really makes property managers happy
Property software provider Rockend has released the results of their 2018 Voice of the Australian Property Management survey which has shown how property managers really feel about their industry. The survey of 1,034 property management professions, including property managers, principals, heads of departments, BDMs and trust managers, was aimed at establishing a benchmark for the feeling of those in the…
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Tom Ainsworth receives redundancy from Domain as restructure is announced
Domain’s chief sales officer Tom Ainsworth has been made redundant as CEO Jason Pellegrino makes major restructuring changes in the business. According to a memo sent to Domain staff yesterday, the restructure will see the business split into two main arms – B2B and B2C. The split has seen the former chief product and customer experience officer Tony Blamey promoted…
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realestate.com.au launches Agent Ratings and Reviews
realestate.com.au has launched Agent Ratings and Reviews as a free, unbiased platform to help agents get noticed by more people on the website. Agent Ratings and Reviews will go live to consumers on realestate.com.au in early 2019, giving agents time to look their best by gathering real, authentic reviews from past buyers and sellers ready for launch. Agents have the…
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Dexus paves the way to net zero emissions with renewable Energy Supply Agreement
Dexus has agreed terms for one of Australia’s first supply-linked renewable Energy Supply Agreements (ESA), which will purchase renewable energy offsite to power the base building services of more than 40 buildings in its New South Wales property portfolio. This will be achieved through the procurement of renewable energy generation and presents a new lever for Dexus and the property…
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National rental report does not paint full picture of tenant experience: REIWA
A report from consumer watchdog CHOICE, together with National Shelter and The National Association of Tenant Organisations, claims that over 50 per cent of tenants are living in properties that need repairs. However, industry bodies say the report isn’t reflective of the full story. According to REIWA, the issues raised in the Disrupted: the consumer experience of renting in Australia report are…
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Knight Frank appoints leading Residential Project Marketing agent
Knight Frank has appointed Murray Wood as Partner, Residential Project Marketing, Australia from early 2019. With over 20 years’ industry experience specialising in project marketing, Mr Wood has had exceptional exposure to prestige projects including several major Sydney CBD landmarks: Barangaroo – Stage 1; three stages of Darling Square; and the famous Opera Residences at Circular Quay. Knight Frank’s Partner,…
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