National
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2018-19 state budget wrap up: What it means for the property sector
With the majority of states (South Australia will need to wait until September due to their change in government) receiving their 2018-19 budgets, here’s how the property industry fared across the nation. New South Wales The second NSW budget handed down by Treasurer Dominic Perrottet had an aim to tackle transport, health and education projects, but left a lot to…
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New research identifies next suburbs to gentrify
New research released by the Property Investment Professionals of Australia (PIPA) has revealed the next city suburbs set to gentrify. The research, by PIPA chairman Peter Koulizos, looked for similar signs that could help homebuyers and investors pick the next suburbs to gentrify. Mr Koulizos said the research will help homebuyers and investors maximise their capital growth potential by purchasing…
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Industry body looks to split real estate profession
The Real Estate Institute of Australia (REIA) has declared it will split the industry with its latest move, as it forges forwards with its Pathway to Professionalism plans. REIA President Malcolm Gunning announced this morning that the REIA has applied to the Professional Standards Authority for admission as a profession. “The Authority is an independent statutory body established with specific…
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PPM National Property Management Awards announced
The PPM Group held its annual awards last night at the Marriott Hotel, Surfers Paradise, QLD. Congratulations to the following list of winners: Support team member of the year Annabel Noonan – Di Jones real estate Leasing Consultant of the year Connie Morton – rental results Client service award of the year McGrath Estate Agents port Macquarie Social media and…
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Smart Cities Week heading to Australia in October
How can data analytics enhance social wellbeing? How can Australia capitalise on the future of 5G? Where does the potential for PropTech lie? These are just three of the topics on offer at Australia’s first Smart Cities Week, heading to Sydney on 29-31 October 2018. The global Smart Cities Council team today released the program for Smart Cities Week Australia,…
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IBISWorld predict growth for service-based franchises
Off the back of the recent parliamentary inquiry into the Australian franchising sector, industry research organisation IBISWorld has found that the future of franchising is not as ominous as it seems, with demand growth projected for service-based franchises. The Franchising industry’s complexion has changed dramatically over the past decade. Where once the industry was known for its prosperity, the franchising…
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Industry reacts to new ABS data showing continued housing finance falls
ABS housing finance figures show a continued fall in home loan lending as the fallout from the banking Royal Commission sets in. ABS data released today shows a 0.9 per cent drop in investor lending and an 0.2 per cent in all lending from the previous month, according to the seasonally adjusted figures from the ABS. While these falls are…
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Melbourne dominates population and residential hotspots in latest HIA report
HIA has revealed Australia’s strongest markets for home building in their HIA Population & Residential Building Hotspots report for 2018. “Melbourne has dominated this year’s report, with 12 of Australia’s top 20 building growth areas all located around Victoria’s capital,” said HIA’s Senior Economist, Shane Garrett. “According to the HIA Population & Residential Building Hotspots Report 2018, the Mickleham-Yuroke area…
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Submissions now open for the Annual REA Excellence Awards
Submissions are now open for the Annual REA Excellence Awards (AREAs), which celebrate excellence in the property and media industries. To be held on 15 November 2018 in Sydney, the AREAs will again honour the most innovative, community-minded and highest-achieving individuals and businesses across property and media. This year, three new Gold AREAs awards have been introduced to further recognise…
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The great build-to-rent debate
The argument has been raging in the property industry for years: why can’t the build-to-rent model of housing, popular in both the UK and the US, work in Australia? It’s a complex issue, and your answer will depend which side of the fence you’re on. The build-to-rent model, also known as the ‘multi-family’ model, would see developers or investors hold…
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Harcourts Australia names 2018 Hall of Fame inductees
During a gala black-tie evening, Harcourts International inducted Lisa and Ben Bernacki of Harcourts Alliance (WA) into the Harcourts Hall of Fame. Mr and Mrs Bernacki join a list of select real estate professionals recognised with the highest accolade in the Harcourts network. “To be awarded a place in the Hall of Fame amongst the very people that inspire us…
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Harcourts Group Australia National Awards announced
Major real estate franchise group, Harcourts Group Australia, held its annual conference from May 28-30 at The Star Casino, on the Gold Coast. Kicking off the group’s pinnacle event was ARIA award winning artist Guy Sebastian, in a surprise concert for over 700 conference delegates. Their annual conference is a combination of learning, presentations and announcements from a selection of…
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Housing affordability improves, while rental affordability declines: REIA
Despite falls in Victoria, South Australian and the ACT during the first quarter of 2018, a new report from the Real Estate Institute of Australia and the Adelaide Bank has found that affordability is improving. The March quarter 2018 edition of the Adelaide Bank/REIA Housing Affordability Report found that the proportion of median family income required to meet average loan…
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How Instagram’s algorithm works, and how to make it work for you
According to Facebook-owned photo-sharing platform Instagram, before the controversial decision to ditch its reverse-chronological feed, users were missing 70 per cent of all posts, and 50 per cent of their friends’ posts. A new algorithm was introduced, reportedly to improve the user experience, but what made that algorithm tick has remained a closely guarded secret. Until now. Speaking to a…
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June 2018: Interest rates on hold, Industry reaction
At its meeting yesterday (5th June 2018), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 20th consecutive meeting. REA GROUP “The economy still isn’t growing fast enough to warrant an increase,” says REA Group Chief Economist Nerida Conisbee. “The issue is consumer confidence. While businesses are feeling far more confident, this is…
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Anh Do and Sally Pearson to help celebrate 135 years of Raine & Horne
Leading international property group, Raine & Horne will host a star-spangled cast of guest speakers including super athlete Sally Pearson at its 2018 International Conference to be held on the Gold Coast in July. The event to be held at the Star Gold Coast from Sunday 22 – Tuesday 24 July and will double as a booming celebration for the…
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Ray White ‘powers up’ property managers
Customer service is the key to long lasting success from every transaction, or interaction, members have with clients, according to Ray White. Ray White head of property management Emily Sim said “customer service is our core message now more than ever before”. Ms Sim and her team have just concluded a series of national training and networking sessions for property…
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ASX and InfoTrack partner up for $30m electronic property settlement platform Sympli
ASX Limited (ASX) and InfoTrack parent company Australian Technology Innovators Pty Ltd have announced the establishment of Sympli, which has applied to become an Electronic Lodgment Network Operator (ELNO). The platform, which is a 50/50 venture between the companies, will develop an electronic property settlements solution based on extensive feedback from users, to support lawyers, conveyancers and financial institutions. David…
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Online property exchange platform PEXA sees dramatic rise in exchange transactions for May
Digital property transactions are experiencing exponential growth as Property Exchange Australia (PEXA) announced that last month over 100,000 transactions had been completed on the platform, a 25 per cent jump from the month prior. In April the company also announced that over one million transactions were settled digitally on the platform. Digital transactions have grown from strength to strength with…
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2018 PPM National Property Management Award finalists announced
The finalists have been announced for the 2018 PPM National Property Management Awards. The PPM Group received more than 135 submissions across eight categories. The judge’s feedback back was that this year the level of submissions were exceptional with many of the category nominees being very close. Here are the finalists in each of the eight categories: Property Manager of…
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Iconic Nanette Lilley merges with Ray White
The First Lady of real estate in Brisbane’s western suburbs, Nanette Lilley is retiring from the industry after 46 years and her business will merge with leading property group Ray White. Ray White Sherwood principal Cameron Crouch and his partner and joint director Aimee Carding today opened Ray White Graceville, joined by Nanette Lilley’s long-term investment property clients. “We are…
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First rebranded C21 office opens its doors to loud applause
Century 21 The Hills District opened its doors in late April and adopted the new, modern and elegant ‘C21’ branding scheme that is currently being rolled out in 80 countries across the world as part of a historic repositioning of the global real estate giant. Despite being a new look team and office, Century 21 The Hills District secured over…
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First National Real Estate’s General Excellence & Marketing Award Winners Announced
First National Real Estate’s highest achievers have been presented with their General Excellence and Marketing Awards at the RACV Royal Pines Resort on the Gold Coast. The awards dinner brought recognition to Australia’s top national 2017 salespeople, property managers and administrators, and attracted more than 350 delegates from Australia, New Zealand and the South Pacific. The peak event on First…
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Sir Albert Jennings and Frank Charnock join the Australian Property Hall of Fame
The founding father of AVJennings and a business leader who pioneered commercial real estate in Australia have been inducted into the Australian Property Hall of Fame. Property Council of Australia National President, Susan Lloyd-Hurwitz, says Sir Albert Jennings and Frank Charnock were chosen by the board for their sustained and visionary leadership, and for their enduring contributions to the property…
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Gold Coast Pyjama Foundation receives support from First National Foundation
First National Real Estate has donated $5,000 to the Pyjama Foundation through its independent charity, The First National Foundation. Foundation Chairman David Lovell presented a cheque to Gold Coast Regional Coordinator, Stephanie Reardon during the network’s National Convention at the RACV Royal Pines Resort, which had attracted over 350 agents from around Australia. The network’s Family Day was a fun-filled…
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Agentbox joins forces with UK-based Reapit Group to expand Australian offering
Leading Australian real estate CRM solution, Agentbox, have partnered with the Reapit Group to deliver comprehensive solutions across sales and property management in the Australian market. The Reapit Group is a leading provider of CRM and property management solutions in the UK residential real estate space. The combined company is backed by Accel-KKR, a technology-focused investment firm with $4.3 billion…
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Over 350 Delegates Attend First National Real Estate Convention
Independent real estate network, First National Real Estate, opened its 2018 National Convention at the RACV Royal Pines Resort on the Gold Coast yesterday. Over 350 estate agents are attending from Australia, New Zealand and the South Pacific. Former AFL footballer Simon Madden, Paralympic gold medallist Dylan Alcott OAM and current world ironwoman champion Harriet Brown were at the centre…
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Cairns agent makes strong Japanese connections
Cairns RE/MAX powerhouse Tony Williamson has just returned from a mentoring and networking trip to Japan, which turned out to be as much a fact-finding mission as a training one. And it is good news for Cairns property owners and investors. “I have formed a great network of contacts, and I can say with confidence that Japanese buyers are looking…
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Micro sized apartments equal major risk
Micro seems to be the latest buzzword when it comes to property, but do big things really come in small packages? While micro-apartments aren’t a new concept, as housing in major city hubs becomes out of reach for many first home buyers, they are an alternative to getting a foot on the first rung of the property ladder. However, the…
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realestate.com.au launches ‘Pet Profiles’ for tenants and property managers
realestate.com.au has launched ‘Pet Profiles’ on 1form – a feature that allows tenants to present their pet in the best light and saves property managers time when reviewing rental applications. Tenants, property managers and landlords were surveyed as part of a national study on pet ownership to help inform ways realestate.com.au can make the rental process easier. The study found…
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Belle Property Commercial launch major Adelaide operation
Belle Property has launched Property Commercial in Adelaide, SA. With a solid residential footprint in Adelaide, Belle Property Adelaide consortium leader Calvin Lai said the move into commercial is part of a long-term strategic plan. “We see a tremendous opportunity in the commercial property market. Having already been involved in major projects and development site sales, we know the sector…
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Realmark launch artificial intelligence platform for property management
Realmark has launched a new platform called, RealmarkFIX rolling out to all tenants and owners giving 24/7 access and transparency to maintenance. RealmarkFIX is an industry first for property management. The platform is artificial intelligence lead and probes the tenant for information to assess the problem, it then offers solution-based how-to guides to aid instant results before escalating it via…
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Adam Downes’ new national role as Head of Performance Management
Australasia’s leading property group has promoted one of its top lieutenants to a new national role as Head of Performance Management. Adam Downes, currently Ray White’s head of agency operations in Queensland and a gun auctioneer, will start his new role on July 1 after designing a benchmarking program called Pulse for all of the group’s business owners to measure…
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Robert Maher makes the move to @realty
One of Australia’s top performing real estate agents, Robert Maher, has joined @realty, a national real estate network, which has signed more than 500 agents to its banner over the past four years. Mr Maher has been ranked in the top two per cent of Australian real estate agents by sales volume, and has moved to @realty. Mr Maher says…
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realestate.com.au launches Match – matching consumers with agents
realestate.com.au today launched Agent Match, a digital experience connecting sellers to agents on realestate.com.au. Agent Match connects agents with realestate.com.au’s audience of sellers who are interested in finding an agent to sell their property, providing appraisal opportunities and the chance to pitch for their listings. How does Agent Match work? realestate.com.au targets sellers and sends them to seller content on…
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