National
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Amber Werchon Property celebrates 10-year anniversary
More than 100 guests packed The Dock Mooloolaba on Friday evening to celebrate Amber Werchon Property’s 10-year anniversary. Amber Werchon addressed the crowd and thanked her longstanding clients, as well as her supportive family and award winning team, saying that without their support the company wouldn’t be where it is today. Amber Werchon Property began in 2008 and has grown…
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Global cities record weakest price growth since 2015: Knight Frank
According to the latest Global Residential Cities Index from Knight Frank, despite the global economy’s strong performance, property price growth is restrained, with urban prices rising at their slowest rate since the third quarter of 2015. The Global Residential Cities Index tracks movement in average residential prices across 150 cities around the world. A year ago the report saw 12…
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Aussie startup HomePrezzo set to launch in US
A startup that allows realtors to create animated videos to show how their local property market is performing is set to expand to the US. Australian start-up, HomePrezzo, helps realtors create eye catching local area videos in under two minutes. The platform also offers social media infographic templates, rental templates and property listings. “Research from MIT shows that the human…
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Hobart surges as Sydney suffers in new property outlook report
The growing divide between Australia’s property markets has been highlighted again in a new report from realestate.com.au. The latest Property Outlook Report shows that while prices across Australia have risen 0.9 per cent on average, that figure does little to highlight the growing differences between the major capital cities. Data from realestate.com.au and CoreLogic shows that while the Sydney and…
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Real estate platform launches, offers real-time global transactions
Twillis, a global online real estate platform, has launched out of Australia. The platform aims to bring agents together and create the ability for transactions to occur in real-time with transparency across Australia and South East Asia. Since joining the market in February 2018, Twillis has built a database of 20,000 licensed agents, and has a 10 per cent market…
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Online offer management system gets high profile agent shareholder
Market Buy, an online offer management system that aims to streamline real estate transactions, has caught the eye of Queensland agent Chris Gilmour who’s joined the company as an equity partner and shareholder. Mr Gilmour is one of the founders of All Properties Group, and a regular speaker at real estate seminars around Australia. He brings a wealth of experience to…
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Cobden & Hayson expand team with new additions
With five offices now in their group, Cobden & Hayson is bringing on new talent to expand its network. Balmain, the company’s foundation office, has bolstered its sales team with the addition of two local agents. Joining Matt Hayson’s team, Rita Lopresti has five years of experience under the tutelage of one of the peninsula’s top-performing agents, while young, determined…
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Rents still on the rise, but the pace has slowed
According to the latest Quarterly Rental Review from CoreLogic, rents are still on the rise, but at a slower pace than they were 12 months ago. The June 2018 report tracks median rents across the capital cities and region for the second quarter of the year and shows a general slowdown in the rate of rental growth. Historically the second…
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Andrew Ramsey joins The Agency Gold Coast
Andrew Ramsey has made the decision to close his independent agency Black Label Property and join The Agency Gold Coast. Mr Ramsey has sold over $100 million in residential property in the last decade, and has a background in elite sports management. “I am thrilled that Andrew Ramsey has accepted our invitation to join The Agency,” said The Agency Gold…
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Ray White’s Connect 2018 puts the fun back into leadership training
Some 3000 agents and brokers will arrive on the Gold Coast for Connect 2018 in mid-August, bringing together the White family businesses of Ray White, Loan Market, Wealth Market, Home Now, Living Here, White & Partners and Concierge. The Connect 2018 program has been developed to inspire all delegates to learn and have a lot of fun networking along the…
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Top agents join forces to open Harcourts office in Newcastle
Four Newcastle agents have transitioned into directorship with franchise network Harcourts Group Australia. Harcourts Newcastle will now be under the management of Niki Bogdanovski, Joel Soldado, Sam Tsiaousis, and Michael Hardy. The dynamic team have close to 35 years combined experience within the Newcastle/Lake Macquarie region. They bring a depth of local market knowledge, as well as unrivalled passion for…
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July 2018: Interest rates on hold, Industry reaction
At its meeting yesterday (3rd July 2018), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 21st consecutive meeting. “Nationwide measures of housing prices are little changed over the past six months,” says RBA Governor Dr Philip Lowe. “Conditions in the Sydney and Melbourne housing markets have eased, with prices declining in both markets.…
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Top performers take centre stage at RE/MAX forum
Each year RE/MAX Australia and RE/MAX New Zealand invite their top performers to participate in a forum of shared knowledge and experiences. 50 RE/MAX members gathered in Tropical North Queensland in June for networking, learning and entertainment, bundled with a good dose of fun, all planned around the theme of leadership. RE/MAX Australia and RE/MAX New Zealand Managing Director, Michael…
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OBrien Real Estate officially launches charitable foundation
OBrien Real Estate have officially launched the OBrien Real Estate Foundation. The foundation has already raised over $110,000 to change the lives of people living with MND. The foundation raises funds by holding international experience based awareness campaigns, as well as a range of smaller more regular events that include Golf Days, Ladies Days, OBRE weekend community pop-ups, Charity Auctions and…
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Google MD Jason Pellegrino appointed Domain CEO
Domain have announced Jason Pellegrino will step into the role of Managing Director and CEO, effective 27 August 2018. Mr Pellegrino joins Domain from Google where he has been Managing Director Australia and New Zealand since May 2016 and a member of the Asia-Pacific regional leadership team. On behalf of the Domain Board, Chairman Nick Falloon said: “We are delighted…
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Values continues to trend lower in June as investor activity continues to fall
CoreLogic has released its June home value index results which show, at a national level, values fell for the ninth consecutive month in June, taking national dwelling values 1.3 per cent below their September 2017 peak. The results revealed that Australian dwelling values tracked lower in June, down 0.2 per cent over the month to be 0.8 per cent lower…
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Prestigious property agency relaunches with new name
Slavko Romic and Anthony Moore are thrilled to announce today the relaunch of their prestige property agency RomicMoore Property. The dynamic duo have provided exceptional service to the eastern suburbs area for over 12 years. The rebrand to RomicMoore Property will see the agency move to an independent structure. It will also enable them to spread their area of service…
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Rockstars and politicians head the lineup at Ray White’s Connect 2018
This year’s Connect 2018 conference is shaping up to be bigger and better than ever. Up to 3000 agents and brokers are expected to arrive on the Gold Coast for Connect 2018 on August 13 and 14, bringing together the strength of the White family businesses of Ray White, Loan Market, Wealth Market, Home Now, Living Here, White & Partners…
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Laing+Simmons Liverpool lends a helping hand
Not-for-profit disability service provider Northcott will host Australia’s Biggest Morning Tea tomorrow and Laing+Simmons Liverpool will be raising a mug in support. Laing+Simmons Liverpool has taken the lead in organising the morning tea event for Northcott and has also attracted major sponsorships from the likes of Domain and Campaigntrack. It’s part of a larger commitment to working with Northcott that…
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Stamp Duty Revenue Hits New Record
“Australian homebuyers paid out over $21 billion in stamp duty to state governments during the 2017/18 financial year – and the total cost of the tax is expected to get even bigger over the next few years,” explained HIA Senior Economist, Shane Garrett. HIA’s Stamp Duty Watch report, released today, reviews the latest developments around stamp duty across Australia’s eight…
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Everything you need to know about changes coming into place from July 1
Federal GST changes for property After July 1 2018 buyers of new residential houses, apartments and land blocks will be responsible for making sure the GST on their purchase is paid to the ATO as part of the settlement process. This GST will not be an additional cost to buyers, it’s already part of any contracted purchase, but prior to…
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Realmark combine community and property
Realmark has successfully combined an online property marketing strategy by helping raise funds and awareness for a great local charity. Realmark Agent, Paul Tonich teamed up with close friend and client Assunta Meleca, founder of Racing for MNDi, to help pull the spotlight onto her campaign which stands for Motor Neurone Disease inherited. Realmark has always encouraged local engagement within…
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New report reveals first home buyer hotspots
Domain has released its First Home Buyers Report, revealing the locations offering the quickest path to purchase (based on time to save a 20 per cent deposit) and the lowest entry prices for first home buyers across Australia’s capital cities. “The report aims to make it easier for home hunters to determine the areas that offer the most promise based…
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PEXA responds to reported hacking, says system is more secure than paper method
National e-conveyancing platform PEXA has responded to the hacking scandal which made headlines earlier this week, saying that their platform was not compromised and that the econveyancing method continues to be safer than paper transactions. As reported by Fairfax Media, Masterchef finalist Dani Venn and her family lost $250,000 from the proceeds of their home sale late last week when…
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Virtual tour startup teams up with realestate.com.au
As technology changes the face of the real estate industry, buyers and renters begin to expect added extras on their listings. Enter virtual tours, allowing customers to experience property in a new way, all from the comfort of their living rooms. Currently only three per cent of all listings offer a virtual tour option, whereas Virtual Tours Creator (VTC) founder…
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Federal budget changes to soften property market: MCG
The latest Federal Budget changes to depreciation rules have halved new investor benefits resulting in ongoing consequences for already softening property markets, according to analysis by MCG Quantity Surveyors. A comprehensive study of tax depreciation schedules by MCG revealed the results of depreciation benefits being slashed in the 2017 Federal Budget. MCG’s report found the average first-year claim for properties…
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Real estate trailblazer Di Jones passes away
Real estate industry pioneer Diane Lenore Jones passed away on Saturday surrounded by family. Di Jones CEO Rob Ward paid tribute to Di Jones, who opened her first agency in Woollahra in 1992 and played an active role as brand ambassador until her death. “Di Jones was a remarkable and generous woman who was an inspiration to many,” he said.…
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C21 marks global rebrand with largest marketing campaign in brand its history
Century 21 Australasia will launch the largest and most aggressive marketing campaign in its history this July. Outlined at the network’s annual convention on Hamilton Island this month, the seven figure marketing spend will leverage television, cinema, social media, billboards, public relations and events to promote the group’s new brand repositioning, message and vision for the future. The campaign comes…
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Domain announced as Cricket Australia Platinum Partner
Domain and Cricket Australia today announced a four-year Platinum Partnership. Domain will be the Presenting Partner of Men’s Test Cricket over four years, which includes the next Ashes to be hosted in Australia, and will become the Official Real Estate Partner of Cricket Australia. Domain and Cricket Australia enter the partnership as the national game moves into a highly anticipated…
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VIEW.com.au appoints new CEO
VIEW.com.au has appointed Toby Balazs as their new CEO. Mr Balazs will take over from current CEO Enzo Raimondo mid-July. Mr Balazs joins from REA where he was a member of their leadership and online strategy teams since 2004. His role involved work with property developers and project marketers, most recently acting as manager of online strategy and execution for…
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Top agents head to Melbourne for Ray White industry event
Agents from all over Australia this week attended an industry function in Melbourne hosted by the leading property group Ray White. More than 100 real estate agents from many different brands – both boutique and other franchise groups – travelled from Adelaide, Perth, Brisbane, Sydney and across Melbourne to compare notes on their markets and performance amid the backdrop of…
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Small deposit loans hit historic low as credit crunch sets in
New data out today shows banks have officially put the brakes on risky home buyers as the value of small deposit loans hits a record low. APRA’s quarterly property exposures statistics released today show that the value of new mortgages written in the March quarter with a loan-to-value ratio of more than 90 per cent have sunk to $5.79 billion…
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How footy preferences are driving migration choices
It might be hard to believe, but your footy code preference may well influence where you end up living, according to new research by property market analysts Propertyology. The market research firm and award-winning buyers’ agency analysed interstate migration trends over the past 20 years and found a significant correlation depending on whether you are a rugby league or an…
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Chinese-based developer to become second biggest shareholder in McGrath
Chinese-based local developer Aqualand has made a ‘strategic investment’ in McGrath. The company will acquire a 15 per cent stake over two placements. The investment will make them the second biggest stakeholder in McGrath, behind founder John McGrath. Aqualand will appoint a director to the board after the acquisition has been completed. An initial stake of 8.7 per cent has…
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Award winning agent Jeff Anderson joins @realty
Award-winning real estate agent and avid football fan Jeff Anderson is switching teams to kick goals for fast-growing national real estate network @realty, which has recruited 500 agents in the past four years. Mr Anderson, who was managing director of an agency in Carnegie and has conducted more than 4,000 successful auctions in his 34 years in real estate, is…
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