Real Estate Industry News

Elite Agent is a respected news, education and information source for real estate professionals throughout the world – because we work with the best in the business. We cover all aspects of real estate careers including property management, leadership, rent roll growth, sales techniques, listing, negotiation, technology, social media, digital marketing and more. More about Elite Agent.

  • Photo of Cost of insurance for real estate agents drops

    Cost of insurance for real estate agents drops

    SME retailers and professionals, including real estate agents, have seen price reductions on their Public Liability insurance. The news comes despite inflation and despite the fact prices have remained steady across other products and occupations. In the last quarter, the annual inflation rate in Australia rose to 1.6 percent, with food inflation at its highest…

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  • Photo of Knight Frank’s top predictions for commercial real estate in 2020 and beyond

    Knight Frank’s top predictions for commercial real estate in 2020 and beyond

    The Australian commercial real estate market will see further growth in capital values and strong returns, as the impact of lower interest rates flows through and creates the conditions for yield compression, according to the latest research from Knight Frank. Ben Burston, Knight Frank's Chief Economist said "The Australian economy should gradually regain momentum in 2020…

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  • Photo of The Agency WA to launch new Wembley office

    The Agency WA to launch new Wembley office

    The Agency Group Australia is further expanding its reach in the Perth property market with the appointment of highly-experienced sales agents and upcoming launch of a new office in the sought-after inner-city suburb of Wembley. Well-regarded real estate agent Paul Tonich, along with his colleagues Corey Adamson, Jon Williams and Luke Martin, have joined the…

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  • Photo of Weekend Auction Wrap: Sydney and Melbourne buyers getting aggressive

    Weekend Auction Wrap: Sydney and Melbourne buyers getting aggressive

    It was another busy weekend for auctioneers across the country, with the 2,571 homes taken to auction making it the second busiest weekend of the year. Melbourne saw another strong result this weekend with 77 per cent of homes selling based on preliminary clearance data from CoreLogic., while Sydney was also strong coming in at…

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  • Photo of REIWA calls on West Aussies to help those in need this festive season

    REIWA calls on West Aussies to help those in need this festive season

    With more than 300,000 people seeking help from The Salvation Army each year during the festive season, REIWA is encouraging West Australians to get behind the Salvos' Annual Christmas Appeal to help bring holiday cheer to those in need. REIWA President Damian Collins said the holiday season can be especially challenging for those struggling to…

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  • Photo of Ray White Toowong welcomes new leader

    Ray White Toowong welcomes new leader

    Ray White Toowong has a new Principal at the helm, with long-term local agent Kris Matthews taking the reins of the blue chip Brisbane office. Mr Matthews, who has been with Ray White his entire real estate career of eight years, noted he was excited by the prospect of taking this career step into business…

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  • Photo of The highlight reel from Street MBA Brisbane

    The highlight reel from Street MBA Brisbane

    Great weather, great food and great company: Street MBA headed to Brisbane in October and it was nothing short of amazing.  We visited some of the best in the business: Coronis, Image Property and Place, and the tour highlighted how three very different businesses share common goals and core beliefs.   Our largest tour yet made…

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  • Photo of Openn Negotiation doubles bidders and halves time on market for McGrath Geelong

    Openn Negotiation doubles bidders and halves time on market for McGrath Geelong

    An online sales property purchasing system generating buyer competition and selling properties faster has the potential to "break the industry in half", according to one Principal using the system. McGrath Geelong Principal Will Ainsworth has sold 18 properties using Openn Negotiation, which enables buyers to submit flexible terms for the vendor's approval, allowing more people…

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  • Photo of Strategy is key, says winning auctioneer from The Block

    Strategy is key, says winning auctioneer from The Block

    When Queensland newlyweds Tess and Luke took out The Block auctions in August, it was largely thanks to experienced auctioneer David Wood. The hockingstuart auctioneer sold the property for an unprecedented $3.62 million – his third win on The Block which he puts down to his market knowledge, buyer profiling and auctioneering style. Mr Wood,…

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  • Photo of Top 10 suburbs to retire and build equity

    Top 10 suburbs to retire and build equity

    When it comes to their golden years, there are three essential factors retirees should take into account when choosing property, according to RiskWise Property Research. RiskWise CEO Doron Peleg said lifestyle, relative affordability and building equity should all be considered by those leaving the workforce behind for the easy life. And a RiskWise analysis has…

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  • Photo of REIQ opposes Queensland rental reforms

    REIQ opposes Queensland rental reforms

    The Real Estate Institute of Queensland has strongly opposed the state's proposed new rental reform laws, claiming they are a "slap in the face to every day mum and dad property owners" and would "significantly damage" the Queensland rental market. The REIQ claimed stage one of the proposal, announced last Friday by Housing Minister Mick…

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  • Photo of Real estate industry property and media stars recognised at AREAs 2019

    Real estate industry property and media stars recognised at AREAs 2019

    Recognising industry excellence and best practice, 21 awards were presented across the categories of Innovation, Service & Marketing Excellence, and Community. Gold AREA awards were presented to outstanding individuals and agencies changing the game in property. (More photos below story) 1 2 3 4 5 Gold AREA award winners:  Residential Agent of the Year –…

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  • Photo of Victorian land values skyrocketing

    Victorian land values skyrocketing

    Real Estate Institute Victoria President, Leah Calnan says said, Victoria is a great place to invest with land prices having soared since 2014. A recent analysis by the REIV on land values over the past 5 years has confirmed that Victorian property continues to go from strength to strength. Over the same period, the median…

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  • Photo of Domain launches app to help owners track property demand

    Domain launches app to help owners track property demand

    Owning a home can be stressful. Should you rent it, sell it or just sit tight? Today, this decision has become easier with the launch of Domain for Owners.This feature from Domain lets owners see current, personalised information including demand for properties like theirs, how it has changed over time and its estimated value, all with…

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  • Photo of Five Australian cities among world’s best for luxury residential price growth

    Five Australian cities among world’s best for luxury residential price growth

    Five Australian cities have ranked in the top 30 cities around the world for luxury residential price growth, according to the latest global research from Knight Frank. The Knight Frank Prime Global Cities Index - Q3 2019, which tracks the movement in prime residential prices across 45 cities worldwide, revealed Sydney was ranked 17 for luxury…

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  • Photo of Program set to benefit agents who help other agents

    Program set to benefit agents who help other agents

    @realty is launching an Australian first-of-its-kind revenue sharing program which will pay it forward to agents who bring others to the network. The @realty Ambassador Program offers agents who are instrumental in bringing on other agents to @realty a passive income from the sales the new agent makes, without impacting the new agent's income. Directors…

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  • Photo of Century 21 opens new Sunshine Coast office

    Century 21 opens new Sunshine Coast office

    Century 21 has celebrated the opening of its newest Queensland office, Century 21 Living Local in Woombye. Led by Principal Gary De Paoli, who has more than 15 years’ real estate experience, Century 21 Living Local will service clients in the Sunshine Coast region of Queensland. Mr De Paolo's agency Riddell Real Estate has been…

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  • Photo of Short-term PM platform Guesty arrives in Australia

    Short-term PM platform Guesty arrives in Australia

    Israeli-born short-term rental property management platform Guesty has announced its Australian debut. The launch will expand Guesty’s presence to 11 global centres throughout Europe, UK, US, Middle East and now Australia, with plans for further entry into Asia Pacific cities including New Zealand, Singapore and Hong Kong. Guesty has identified Australia as a key market…

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  • Photo of AI agent sells new luxury address in Western Sydney

    AI agent sells new luxury address in Western Sydney

    The new Nepean Rise luxury apartment project in Jamistown, just moments from Penrith CBD, is being sold by Emma. Emma is the country’s most advanced virtual selling agent, with a depth of AI learning capacity drawn from a bigger data lake than any other real estate bot has ever been powered by. Laing+Simmons Projects, in…

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  • Photo of “Aussie” Harcourts Auctions to launch in San Francisco

    “Aussie” Harcourts Auctions to launch in San Francisco

    Harcourts International has announced the launch of Harcourts Auctions in the San Francisco Bay area. Previously only available to Harcourts, this move will mean the Harcourts Auctions platform will now be a service model available to all brokerages and brands within the Northern California region. Known for changing mindsets when it comes to the concept…

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  • Photo of Weekend Auction Wrap: Sydney’s second busiest weekend of the year

    Weekend Auction Wrap: Sydney’s second busiest weekend of the year

    Once again, Sydney was the market leader for auction results over the weekend, coming in with a preliminary clearance rate of 81 per cent. According to the latest data from CoreLogic, Sydney had 931 homes taken to auction making it the second busiest weekend of the year. In Melbourne, however, there was also a surge…

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  • Photo of Ray White and Loan Market to launch into Fremantle

    Ray White and Loan Market to launch into Fremantle

    With the strength of Australasia’s largest real estate brand behind them, Brett and Julia Oliver, Candice Geiles and Robert Crawford are excited to be opening the first Ray White and Loan Market collaboration in the heart of the port city business district.  With over 20 years experience in the real estate industry, Brett Oliver says…

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  • Photo of Agents join forces to lead future of real estate in Essendon

    Agents join forces to lead future of real estate in Essendon

    The Moonee Valley real estate market is set for a shake-up as two of the area’s prominent agents join forces to become Jellis Craig Essendon.  The Essendon team will be led by existing Jellis Craig directors John Morello and Simon Mason alongside former Considine Real Estate director Chauntel Considine and former Frank Dowling Estate Agents…

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  • Photo of Stu Benson to spearhead Box+Dice national growth

    Stu Benson to spearhead Box+Dice national growth

    Melbourne-based CRM software provider Box+Dice is preparing to go national with well-known auctioneer Stu Benson set to spearhead their push for growth. Box+Dice General Manager Ashley Blakey explained the business had established a clear market leadership in Victoria and was now looking to expand their market share on a national level.  “At the moment our…

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  • Photo of Domain announces acquisition of Real Time Agent

    Domain announces acquisition of Real Time Agent

    Domain has entered into a binding agreement to acquire Bidtracker Holdings, which operates the business Real Time Agent. The on-target consideration for the proposed transaction is $24.8 million, $19.4 million of which is payable in cash on completion. An additional amount of between $0 and $15.6 million in cash is payable based on the achievement…

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  • Photo of Percy Eccles joins the Professionals network

    Percy Eccles joins the Professionals network

    Long-time Warrnambool realtor Percy Eccles has joined the Professionals network in a move aimed at keeping pace with growth in the local property market. Mr Eccles, best known as the principal of Percy Eccles Real Estate, has assembled an expanded team to operate under the Professionals Warrnambool banner from November 4. The office, to be…

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  • Photo of Stone Real Estate opens in Brisbane

    Stone Real Estate opens in Brisbane

    Stone Real Estate has made its first foray into the Queensland capital, with a North Brisbane agency joining the brand. Led by directors Tristan and Samantha Rowland, Stone Real Estate Aspley commenced trading on November 12. The move is as significant for the couple as it is for Stone Real Estate. Principal, Tristan Rowland, has…

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  • Photo of Ray White’s 2019 Elite Conference looks to the future

    Ray White’s 2019 Elite Conference looks to the future

    This year more than 130 Ray White Chairman’s Elite and Elites jetted to Bali for their annual retreat, but this year, the agenda was developed by the group’s high performing members. Ray White Head of Performance Management Adam Downes surveyed the elite sales people before the conference to determine which topics of discussions were prioritised.…

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  • Photo of Soho releases Tinder-type property match

    Soho releases Tinder-type property match

    A social network for property hunting has launched a Tinder-type property match feature that gives users the power to swipe yes or no on real estate listings. Soho launched the new feature on SohoApp.com four weeks ago and CEO Jonathan Lui said the number of swipes has grown 30 times. He predicts at this pace,…

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  • Photo of Managing agent appointed for Aspen’s $20 million Perth rental portfolio

    Managing agent appointed for Aspen’s $20 million Perth rental portfolio

    Accommodation provider Aspen Group has invested in 84 properties in the Perth real estate market, appointing The Agency as sole property management provider for the $20 million investment. The deal marks a significant uplift in The Agency’s Perth portfolio from 1,025 to 1,109 and takes the national property management portfolio to 4,671. From January to…

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  • Photo of Elders Real Estate wins coveted Canstar award

    Elders Real Estate wins coveted Canstar award

    Elders Real estate has won the prestigious Canstar Blue’s 2019 real estate agents review for most satisfied customers, coming out with top marks in communication, problem resolution, knowledge, advice and overall satisfaction. The Canstar Blue’s 2019 real estate agents review is based on the results of a survey of hundreds of customers who have used…

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  • Photo of Award-winning agent joins OBrien

    Award-winning agent joins OBrien

    Victorian based group OBrien Real Estate is set to change the face of the industry in Melbourne's South-East corridor with the help of one of the local area's most trusted faces. Multiple award-winning and respected agent Dinesh Raghu, who has worked in the area for almost a decade, said he was excited to join the…

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  • Photo of New owner takes over Ray White Braidwood

    New owner takes over Ray White Braidwood

    Mitchell Smithers has taken the reins of Ray White Braidwood after spending two years as a sales agent in the business. A born and bred local of nearby Araluen in the Southern Tablelands of NSW, Mr Smithers was thrilled to be taking the next step into business ownership and will continue to offer the same…

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  • Photo of RBA can take a summer holiday

    RBA can take a summer holiday

    Positive economic signs and a federal government push for banks to relax lending standards for small business will give the Reserve Bank of Australia (RBA) a break from cutting official interest rates, according to leading mortgage aggregator Finsure Group. Finsure Managing Director John Kolenda said with the cash rate reduced to a record low of…

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  • Photo of The RBA keeps interest rates on hold at 0.75%

    The RBA keeps interest rates on hold at 0.75%

    The Reserve Bank of Australia has kept interest rates on hold at 0.75 per cent at its November meeting. After three cuts since June which saw the official cash fall from 1.5 per cent, the odds of a cut were low. Headed into the meeting there was just a five per cent chance of a…

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