National
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Compass announces it will license technology to other networks
US-based real estate brokerage Compass has announced it will begin licensing its technology to other firms. The company, which has been going through a strong round of acquisitions since receiving US$450m in funding in 2017, announced its first licensing deal last week, with Leading Edge Real Estate Group. The move will add another income stream to the growing brokerage, which…
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Bronte Manuel takes out REISA Auctioneering Championship
REISA’s fourth Auctioneering Championships has concluded with a Gala Presentation Dinner at the Stamford Grand in Glenelg. Toop & Toop’s Bronte Manuel was the winner for 2018 – his fourth win in a row – and will represent South Australia at the Australasian Auctioneering Championships in New Zealand in October. Simon Jones from Harcourts Plus finished in second place and…
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Rent Roll is ‘Untapped’ asset for agents
@realty says rent roll ownership is now one of the leading reasons agents are signing up to the national real estate network, which boasts more than 500 agents. @realty director JJ Taylor says rent rolls are an untapped asset for agents operating under a franchise model, which retains ownership if the agent leaves the company or transfers elsewhere. “Our agents…
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US brokerage Redfin announce plans to raise up to $239 million for technology and acquisitions
Online-centric brokerage Redfin has announced a plan to raise up to US$239 million (AU$322 million) through a combined stock and debt offering. The funding will take place in In two separate offerings; initially through selling 4.025 million shares of stock at a price of $23.69, totaling $95,332,125, before selling $143.75 million in “convertible senior notes,” which can later be converted…
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City planning and management needs to step up to meet the growing population: Property Council of Australia
While Australia’s cities are growing fast – three quarters of our population growth is occurring in just our four largest cities – so are many other international cities and we need to learn lessons of how to grow cities successfully. “Population growth, including immigration, has been an essential part of the Australian story and has delivered real economic and social…
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First National takes part in Young Achiever Awards
First National Real Estate, in conjunction with the Seven Network, has proudly announced its coast-to-coast sponsorship of the Seven News Young Achiever Awards. Conducted on a state-by-state basis, the awards highlight and acknowledge the achievements of young Australians, providing motivation, encouragement and role models for young Australians at all levels in their chosen field of endeavour. Last year, the network’s…
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London-based startup to give loans based on future house prices
Proportunity, a startup based out of London, aims to help first home buyers with loans based on the forecast future price of their house. The company, started by entrepreneurs Vadim Toader and Stefan Boronea, uses machine learning to accurately forecast property growth, and will soon begin to offer equity loans allowing FHBs to increase their deposit. The UK already has a…
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Industry supplier recognised for exceptional customer service
Industry supplier Rockend have been recognised for their exceptional customer service by the Customer Service Institute of Australia (CSIA). The company was named a finalist in six categories at the CSIA-run Australian Service Excellence Awards (ASEA). The categories include the highly-contested Customer Service Organisation of the Year – Medium. It isn’t the first time Rockend has been recognised by the…
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Jordan Catalano and Tom Hywood launch real estate listings website
The sons of ex-Domain CEO Anthony Catalano and Fairfax Media CEO Greg Hywood have furthered their property ambitions with another niche portal. The third website for the duo, and second property portal, is House and Land Developments – a portal aimed at developers and investors looking for suburban house and land packages. From their AD Group Catalano and Hywood have…
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Fearless entrepreneur to speak at Ray White’s Connect 2018
Entrepreneur Holly Ransom is a guest speaker at this year’s conference which brings together the White family businesses of Ray White, Loan Market, Wealth Market, Home Now, Living Here, White & Partners, and Concierge. Ms Ransom is the founder and CEO of disruptive marketing agency Emergent, a company specialising in the development of high performing intergenerational workforces. From interviewing Barack…
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Residents say ‘goodbye’ to capital city suburbs
Long-time residents are moving away from capital city suburbs, with many shifting to regional Australia, according to analysis by buyers’ agency, Propertyology. A deep dive by the firm into ABS data revealed tens-of-thousands of big city residents are deciding it’s time to move on to areas such as Bendigo, Cairns, Tamworth and Wodonga. The numbers uncovered 33 regional locations where…
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Barry Plant team talk leadership strategies in Danang, Vietnam
The annual Barry Plant conference, held from July 1-6 in Danang, Vietnam, saw delegates benefit from first class guest speakers, receive relevant and up to date training and exchange ideas. The annual Leadership Conference provides senior people in the Barry Plan group to strategise ways to revitalise their businesses and take them to the next level of success. The conference…
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Realmark agent surprises clients with $10,000 holiday voucher
Realmark Urban agent Paul Tonich took a different approach to thank his past and present clients last week by offering them the chance to go into a $10,000 holiday prize draw. Any client who had previously bought or sold with Mr Tonich in the last 20 years just had to contact him and put their name on the list to…
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Barry Plant Sunbury recognised for outstanding customer service
A testament to the Barry Plant Group’s focus on customer service, the real estate network has once again been recognised by the 2018 Australian Achiever Awards with a group certification for customer service. For the 14th year in a row, every Barry Plant office achieved a ‘Highly Recommended’ status for customer service, with Sam D’Angelo and the team at the…
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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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