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  • Elite Agent The News Source for Real Estate Professionals

    A ‘challenging’ year for REA Group but outlook is positive for property

    Despite challenging market conditions, REA Group has posted an eight per cent increase in both earnings and revenue for the financial year ending June 30. Australia’s major real estate listing service announced their results to the market on Friday, which also showed an eight per cent decline in listings over the past year, with the…

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  • Elite Agent The News Source for Real Estate Professionals

    HTW Market Wrap: Sydney and Melbourne bottom out

    The national property market continues to be a tale of very different states and cities, with some strength in areas like Canberra and Hobart, and clear weakness in Sydney and Melbourne. The positive news for property owners is that the latest commentary from national valuers Herron Todd White is that both Sydney and Melbourne are…

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  • 5 big lessons from Street MBA Adelaide 2019: Hannah Gill

    After much planning, anticipation and excitement, our first ever Street MBA study tour kicked off in Adelaide on 25 July. The good news: it was a huge success. We were fortunate to be visiting three of the best agencies in the state: Ouwens Casserly, Harris Real Estate and Toop & Toop. Our hosts at each…

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  • ‘Tremendous benefits’ – What the Rockend acquisition means for real estate

    There has been a lot to celebrate at Rockend over the past couple of weeks. Firstly, the milestone of 40 years of operation, an extraordinarily proud moment in the company’s history. Secondly, the acquisition of the company by global property software player MRI Software. While MRI Software is a global company with enormous scale, both…

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  • Weekly Auction Results: Sydney and Melbourne holding steady

    While the combined clearance rate across the country saw a slight dip this week, Australia's two major markets of Sydney and Melbourne have remained above the 70 per cent mark. In Melbourne, there were 500 homes up for auction with a 73.3 per cent success rate. That was up from the prior weeks of 71.7…

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  • Elite Agent The News Source for Real Estate Professionals

    Property prices continue to turn the corner

    There are more positive signs for property prices across the country as the latest data from CoreLogic suggests the market is moving into a recovery phase. This is the second straight month that prices have ticked higher in both Sydney and Melbourne as the positive sentiment in the market continues to improve. Since APRA reduced…

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  • What to do when sales volumes are low

    Difficult real estate markets can still provide an opportunity for business growth, a leading real estate accountant says. Live Real Estate Accounts Managing Director Chris Mercer says agency leaders should not only see a changing market as a threat but as a great opportunity for growth. “Not all businesses are on a solid financial footing,”…

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  • Chinese buyers still strong in Sydney market

    What is the state of the Sydney property market in 2019? At Crown Group, we have definitely seen the Sydney property market pick up in the past few months. As early as March, well before the election, we saw buyer behaviour change, with more contracts signed and more exchanges than in the previous 18 months.…

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  • “Like Afterpay for VPA”: How CampaignAgent is streamlining cashflow for vendors and agents

    Sitting on a ski lift on the way up the slopes of a snowy Mt Buller in 2015 is where the idea for CampaignAgent took off. Founded by Seth Watts, a real estate printer, and Shaun Moriarty, a finance professional, CampaignAgent is a Melbourne-based financial technology company that is shaking up vendor paid advertising, reducing…

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  • The Agency’s Jesse Raeburn to star on The Block

    To succeed in real estate it takes a combination of tenacity and drive. It’s clear that the Agency’s Jesse Raeburn has both and it is one of the key reasons Jesse has found success as an agent in a short period of time. Those very same attributes have also managed to help Jesse gain a…

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  • An ongoing success: Mark Sinclair

    We recently facilitated a sale of a business as a going concern with positive outcomes for both buyer and seller. While there was additional due diligence and settlement requirements, this deal was relatively seamless for everyone involved. With so much interest from agency owners keen to understand each selling option and which is best for…

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  • Is now a good time to start your own real estate agency?

    After a few years, many agents dream of starting their own real estate business. Independence allows you to make business decisions and, in the process, grow in confidence. However, many real estate agents struggle to work out the right time to leap into freedom. Right now, with a softening market, it can be daunting for…

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  • Is Social Media Really Worth It?

    As the real estate market stabilises, it’s tempting to look at where you are investing your marketing dollars and consider where you could potentially cut back. Things might be tighter for you cashflow-wise if you aren’t turning over the same amount of stock you were at this time last year, and you might think cutting…

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  • 10 Essential Takeaways from Digital Live 18

    After a packed-to-capacity session in Sydney on 19 August, it was another crowded house in Brisbane on 26 August, with agents tapping into the expertise of some of the brightest minds in the digital industry. Created by REA Director of Industry Relations Steve Carroll, the program sees agents scored on their digital presence, then given the…

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