National
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Inaugural Proptech Summit demonstrates future ‘digital twin’ for property
The Australian Proptech Summit was held on the 5th and 6th September and attracted a number of commercial real estate decision makers and finance players ready to connect with cutting-edge startups and technology companies ready to build the future of property in both commercial and residential. Artificial Intelligence, blockchain, big data and virtual reality were themes that featured heavily over the…
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Belle Property launches new training program
Belle Property have launched a new training platform that they say takes a strategic and focused approach to career pathways across all facets of the business – sales, property management and administration. “In an ever-changing marketplace, it is paramount to have an agile learning environment that provides all employees with the tools and support that they need to succeed, no matter…
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Di Jones conference designed to inspire team
The team at Di Jones gathered together to expand their skill set and grow personally as part of its 2018 Annual Conference in Sydney. Di Jones CEO Rob Ward said the staff from across the agency’s network of offices in Sydney and the Southern Highlands participated in the event. “The theme of the conference was ‘Make every day count’,” Mr Ward…
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LJ Hooker recognises top business owners at annual Night of the Stars events
LJ Hooker’s annual Night of the Stars awards in Adelaide on the weekend concluded national celebrations which honoured the leading real estate group’s top business owners. LJ Hooker awards the Franchise Owner of the Year in every state and territory each year. The accolade has grown in stature to become the pre-eminent category of the state-based galas in recognition of the…
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September 2018: Interest rates on hold, Industry reaction
Yesterday (4 September 2018) the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 23rd consecutive meeting. “Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low,” says RBA Governor Dr Philip Lowe. “Housing credit growth has declined to an annual rate of 5½ per cent. This…
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Professionals aims to strengthen offering with restructure
The national reshaping of Professionals Real Estate Group will lead to better service and support for the 225-plus members of the real estate network, according to the new chief executive officer. The management of Professionals Real Estate Group was previously split between seaparate divisions across Australia but the restructure leaves the group with one core board of directors and management…
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Harcourts Group Australia names new leader for South Australia and Northern Territory
Harcourts Group Australia CEO Marcus Williams has announced the appointment of Gregg Toyama to the role of Harcourts South Australia / Northern Territory CEO. Mr Toyama transitions into the role after serving as Head of eBusiness for Harcourts International since 2006, leading the team that developed the franchise network’s suite of bespoke technology applications. While with the Harcourts eBusiness team,…
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Jason Boon triumphs with triple trophies at R&W 160th birthday awards night
Jason Boon walked away from the Richardson & Wrench 160th birthday awards on Saturday night with three of the most coveted trophies. Boon, a director of R&W Elizabeth Bay Potts Point took home the award for Most Outstanding Selling Principal for both transactions and income earned, plus the Ronald H Pillinger Award. He also had his hand on the R&W…
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William Gunning tackles world’s longest, toughest horse race
Returning to his roots as a horseman, commercial agent and Director of Gunning Real Estate William Gunning has successfully completed the 10th Mongol Derby. Mr Gunning was one of 44 riders from 12 countries who took on the challenge of the world’s longest and toughest horse race, as classified by the Guinness Book of Records. “I was inspired by the…
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R&W Family Celebrates 160th Birthday
Family is a word that figures large amongst R&W Principals as they prepare for their annual awards night which this year will double as a celebration of the group’s 160th birthday. This Saturday around 400 members of that family will gather at Sydney’s International Convention Centre to celebrate 160 years. And while there’ll be a moment to reflect on their…
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Experts say Spring will predict how the Australian property will act over the next 12 months
The first weekend in September traditionally sees a boost in listings across the country, as the warmer weather hits and sellers begin to emerge. With the current listing numbers down significantly on the same time last year, the boom has well and truly worn off, and experts are predicting we’ll be able to see how the market will act over…
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C21 launches marketing campaign across the country, renovates offices
Century 21 has launched the largest marketing campaign in its history, running across the country, to mark the network’s massive global rebrand. The bold campaign has already reached two million Australians, showing off not only the new branding but also the new vision and message. Offices across the country are being redesigned to match the new image. Century 21 Chairman…
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Ray White backs new boutique entity HTL Property
The White family have embraced an opportunity to continue working with Ray White’s top fee writer Andrew Jolliffe in a new boutique vehicle called HTL Property. The family have a significant shareholding in HTL Property, continuing their relationship with top pub broker Mr Jolliffe, the number one international performer in Ray White for the last three years. HTL is a…
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Purplebricks parts company with national sales director
Purplebricks Australia have confirmed that former McGrath agent Brent May has left the company. Mr May was with the fixed-fee agency for approximately 12 months. A Purplebricks spokesperson confirmed to the Australian Financial Review that Mr May’s departure was by “mutual consent” with Kenny Bruce, Purplebricks co-founder and group sales director. The spokesperson went on to say the move would…
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Release of innovative AI software set to revolutionise lease management
LeaseInfo, Australia’s largest provider of retail leasing data, has launched Accurait, an advanced digital lease extraction platform set to revolutionise the management of leasing contracts. Accurait is the first in Australia to use artificial intelligence (AI) and machine learning methods as part of the automation process for commercial lease abstraction. The methods were developed in partnership with CSIRO’s Data61, with…
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US-based brokerage Compass to acquire Pacific Union International Realty
A plan has been announced for US-based brokerage Compass to acquire Pacific Union International Realty, one of the largest brokerages on the West Coast. Pacific Union made $14 billion in sales in the last year and is the fifth-largest brokerage in the US, with 1,700 agents across 54 offices. Pacific Union CEO Mark McLaughlin has been critical of Compass in…
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Buxton director presented with company’s highest accolade
Amongst the team at Buxton, no honour is met with higher esteem than the J.R. Buxton Award, fondly named after one of the company’s founders, John Robert Buxton. Previously awarded only twice in the company’s 157-year history, Adam Gillon, Director of Buxton Hampton East, was the third recipient, presented with the accolade at this month’s Buxton Annual Awards night. Coming…
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Harcourts Contributes to Farmer Relief Efforts
Real estate franchise network Harcourts Group Australia has pledged $21,566 to the Australian Red Cross Farmer Drought Appeal programs. Coordinated through its Harcourts Foundation, the grant ensures that 100 per cent of the money raised goes directly to the charitable effort. “When the call went out nationally to come to the assistance of our country’s farmers, our network of Harcourts…
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Top Ten Takeaways from ARPM Day 2
The Australasian Residential Property Management Conference (ARPM) kicked off yesterday with a whole host of speakers sharing tools and insights for property managers and principals. Here are ten great takeaways from Day 2. 10. Fake reviews = fake news and they’re bad for your business REA Group’s Nigel Dalton says businesses don’t know enough about where their reviews are coming…
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McGrath looking to business turnaround
McGrath Real Estate is looking to the positive after a tough financial year, yesterday noting “…the core fundamentals of McGrath are robust” and the company remains “one of Australia’s leading sales agent teams” with “brand, customer service offering and network reach”. The publicly-listed company released its end of financial year results on Monday, reporting the revenue and Earnings Before Interest,…
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Strong financial results for rent.com.au
Rental property website rent.com.au has reported strong results for the 2018 financial year, noting revenue growth of 41 per cent. The company, which specialises in rental property searches and associated products, released their full financial year results yesterday morning, stating revenue for 2017/18 was $2,324,880 – up from $1,654,395 in 2016/17. In their report to shareholders, rent.com.au directors explained that…
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Top Ten Takeaways from ARPM Day 1
The Australasian Residential Property Management Conference (ARPM) kicked off yesterday with a whole host of speakers sharing tools and insights for property managers and principals. Here are ten great takeaways from Day 1. 10. Recover your workday Lauren Kirk of Real+ discussed how our need for immediacy (ordering your coffee via an app anyone?) is affecting our ability to realise…
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Reapit demos new platform at ARPM 2018, showcasing Agentbox integration
CRM and property management solution platform Reapit were at ARPM 2018 demonstrating the first phase of their partnership with leading Australian real estate CRM solution Agentbox. The Reapit Group is a leading provider of CRM and property management solutions in the UK residential real estate space. The company first announced their partnership with Agentbox in May this year, and are in…
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Melbourne falls from top of liveability ranking as Sydney rises
For the first time in seven years Melbourne has been knocked from the top of the The Global Liveability Index. The ranking, produced by The Economist Intelligence Unit, has put Vienna, Austria, in the top position for 2018, moving Melbourne to second place. The upset comes as Sydney rises significantly through the ranking, up to fifth position from 11th last…
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Top takeaways from Day 2 at Connect 2018
Here are my top takeaways from a lineup of prestigious politicians, industry insiders and business experts who took to the stage for Connect Day 2. Mark Schulman – Hacking the Rockstar Attitude Fresh from performing with Pink the previous night, drummer Mark Schulman set the tone for an energetic Day 2 at Connect 2018, telling conference attendees: “Every word you…
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Bayleys and Knight Frank partner in New Zealand
Knight Frank, the independent global property consultancy, has announced a partnership with Bayleys Realty Group Limited. Together, Knight Frank and Bayleys will be one of the largest full-service real estate consultants across Australia and New Zealand. The strategic partnership will see the company trade as Bayleys in association with Knight Frank. The move will see multiple synergies for both firms,…
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Ray White Remuera wins top office three years in a row
Powerhouse Ray White Remuera has once again been named as the top international office in the Ray White Group for the third year in a row. The Auckland business with the blue ribbon address has won this coveted award based on the highest settled commission in the Ray White Group now in 2018, 2017 and 2016. “We are thrilled, proud…
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Ray White Commercial recognises its top performers in 2017-18
Ray White Hotels Australia Managing Director Andrew Jolliffe has claimed the major individual honours at the annual Ray White Commercial awards for the fourth consecutive year. The awards were held on Sunday night at the Gold Coast Convention and Exhibition Centre, which kicks off the Ray White Group’s Connect Conference, with 2,500 attendees from across the entire group. Andrew Jolliffe,…
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Ray White Rural and Livestock applauds star performers
Margaret Black, Ray White Rural and Livestock’s longest-serving female and leader of the Atherton office for two decades, was last night awarded the Significant Contribution trophy at the company’s annual awards. The presentation was made by chairman Paul White who referenced Ms Black’s longevity, success and leadership over many years. The youngest principal in the company, talented livestock agent AJ…
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Top takeaways from Day 1 at Connect 2018
Here are my top takeaways from a lineup of prestigious politicians, industry insiders and business experts who took to the stage for Connect Day 1. Former PM John Howard – The Global Economic Future As Australia’s second longest serving Prime Minister, John Howard OM AC led the country over four terms and 13 years. His achievements in the top job…
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Domain FY18 results show $6.2 million loss after Fairfax separation
Domain have shown a revenue of $286.6 million with a net loss after tax of $6.2 million in the company’s FY18 results. The loss comes after the company split from Fairfax and listed on the ASX in November. The company is no doubt hoping incoming CEO Jason Pellegrino, who begins his role at the end of the month, will boost…
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REA Group financial results show increased marketing spend and rise in revenue
The REA Group financial results have revealed the company increased its marketing spend by 23 per cent in the 2018 financial year, up from $60.415 million to $74.483 million. With the removal of the acquisition costs, REA Group showed a revenue increase of 20 per cent to $807.7 million. EBITDA (earnings before interest, tax, depreciation and amortisation) was up 22 per…
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Australia’s prestige market remains resilient in the face of tougher conditions
Three Australian cities sit in the top 20 of the Knight Frank Prime Global Cities Index, showing the prestige market is still performing strongly. The report from Q2 2018, which tracks the progress of 43 cities worldwide, shows Sydney, Melbourne and Brisbane are still keeping up with growth elsewhere, coming in as 15th, 17th and 20th respectively. Perth also showed…
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Belle Property’s National Awards night shines a spotlight on two leading offices
Two of Belle Property’s leading offices, Bondi Junction and Dee Why, stole the show at Belle Property’s National Awards night in Sydney this week. Dominating the night was Bondi Junction Principal Edward Brown, who took home three prestigious awards: No. 1 Principal, No. 1 Transactions and No. 1 Office – a first for the Belle Property network. “We are incredibly…
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The Agency partner with superannuation startup
Superestate, the first non-SMSF superannuation fund to invest in residential property, has partnered with The Agency, appointing the network’s property management team to manage the first investment. The model sees members choose either a 25 per cent or 50 per cent exposure to residential property as the Superestate team builds a national residential property portfolio. The team behind Superestate includes…
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