FRANCHISE NEWS
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Ray White Gladstone celebrates 40 years
Ray White Gladstone is celebrating 40 years in the business after being opened by brothers Bruce and Edgar Allen on May 27, 1980. Taken over by Bruce Allen’s son Andrew Allen and co-director John Fieldus in 2008, much like the Ray White Group, the business has stayed in the family since its beginning. Andrew Allen notes it brings him and…
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@realty to offer agents full commission
@realty has this week unveiled a new earning scheme for agents, who will have the ability to move from @realty’s standard 93 per cent commission to 100 per cent. Under the new scheme, once agents have paid $20,000 in service fees through their standard commission, they will be eligible to retain 100 per cent of commission earned on any further…
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Harcourts’ Henry Wong clocking up big results in an uncertain market
The headlines might be focused on tough housing market conditions, but Brisbane agent Henry Wong is reporting fresh success after pivoting to adapt to the changed auction landscape of COVID-19. Mr Wong, of Harcourts Beyond on Brisbane’s southside, was among the agents who were quick to respond to the altered selling conditions of social distancing, utilising online auctions and good…
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Michael Davoren steps aside
In a strategic move announced publicly today, RE/MAX Australia Managing Director Michael Davoren will take up the role of Chairman on the RE/MAX Australia Board, while Joel Davoren will assume the position of Managing Director. Under the changed leadership structure, which comes into effect from 1 July, Chris Chapman will retain the Finance Directorship and Josh Davoren will become Director of…
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Why every agent should have a pre-market and off-market strategy
Many vendors are opting for a ‘let’s wait it out’ approach, but they don’t need to. And, many buyers are missing out, because of the lack of stock ‘on the market’. They too, don’t need to. The real estate industry is experiencing an overdue technological upgrade that’s forced agents to re-think the way they do business to ensure they still…
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@Realty launches OASIS platform for boutique agencies and sole operators
Coronavirus has accelerated the release of @realty’s new OASIS structure – an agency platform which could be a financial lifeline for smaller agencies and independents struggling in the current environment. OASIS – which stands for Online Agency Support and Integrated Systems -allows boutique real estate agencies and sole operators to access @realty’s national database and administrative services, while still operating…
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‘Covid-safe’ Darwin attracts plenty of interstate investor interest
Property values in Darwin have proven resilient over the last three months compared to other capital city markets, with Raine & Horne suggesting several factors have contributed to the result. “It is very encouraging Darwin’s property values are up nearly 2.5% over the last quarter,” Darwin Raine & Horne General Manager, Glenn Grantham said. “But realistically, the only way…
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Luxury sales confirm confidence in Sydney’s property market
The Agency’s Sydney operation has shrugged off forecasts of an imminent housing slump, turning over three $10 million-plus sales in the past seven days. The recent transactions occurred on the Lower North Shore, Inner West and Inner East of Sydney and come off the back of a further three $10 million-plus sales transacted across the last seven days of last…
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McGrath’s new focus on project marketing post Covid-19
McGrath has announced it will bolster its project marketing division, McGrath Projects, after securing highly respected industry specialists, Colin Griffin and Murray Wood, who will join as Associate Directors. Announcing the appointments, McGrath CEO Geoff Lucas said he believed the time was right to focus on the re-emergence of the off-plan development sector post COVID-19 and saw excellent opportunities for…
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Prestigious real estate team joins The Agency’s Wollongong operation
The Wollongong property market is set for a shake-up, with industry veteran and highly respected Wollongong resident Sean O’Connor joining The Agency in the key regional market. Mr O’Connor – who is consistently ranked in the top 10 agents within his former real estate network and is considered a platinum level agent – brings his team along with him to…
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Ray White Marsden achieves record growth in pandemic
Ray White Marsden has defied the pitfalls of a pandemic to achieve record growth in the past 30 days. The exciting service-focused south Brisbane office, led by principal Avi Khan, has experienced hypergrowth during COVID-19, securing more than 75 new properties under management within the period of a month. “We pride ourselves on our service and it’s great to see…
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Top accolades for RE/MAX performers
RE/MAX Australia has announced its first quarter high achievers at a virtual event entitled RE/MAX Evolve. Held on May 19, the event celebrated sales associates, sales teams and offices, who were ranked on performance each quarter in categories of commission generated and number of sales transactions. For the first time, the most recent event divided the network into 10 regions.…
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The Agency expands to Sydney’s south-west
Liverpool property specialists Eva Frketic and Ben Marovic are set to head up The Agency’s new operation in the heart of Sydney’s south-west. Dubbed Sydney’s ‘third city’, Liverpool is thriving and is one of the fastest-growing multi-cultural hubs in Australia, with the new $5.3 billion Western Sydney Airport due for operational completion by 2026 and a continuing population boom. The…
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Road map to recovery
It is critical at this time to ensure that you are taking all the measures to make sure your business survives the current health and economic crisis. Live Real Estate Accounts shares their insight into how this can be achieved. Ensure survivalFirstly you need to make the hard calls, reduce hours, stand down or let go of staff. Remain in…
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Navigating the PropTech minefield in a current and post COVID-19 World
If PropTech wasn’t on your radar before, the impact of COVID-19 has definitely steered our industry to look to technology for client engagement and to ensure the industry can continue to operate through this unprecedented time. But we often hear clients saying: “This company and that company do similar functions,” or “but this company integrates with that program but not…
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Ninety days to spring
Since the outset of the pandemic, RE/MAX Australia director Joel Davoren has led a weekly, or more frequent, on-line session with up to 200 participants from across Australia and New Zealand. He’s heard week-on-week agent comments about inquiry rates, which have remained encouragingly ‘better’ or ‘same’ as opposed to ‘worse’; and has also witnessed positive outcomes such as three sales…
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Ex big-brand directors launch new business
Two of Brisbane’s most prominent southside property professionals have bid farewell to directorships at big-brand agencies and launched their own business. Taylor Kleinberg and Frank Lombardi have joined forces to create Klein & Co – a slick new operation, powered by UrbanX. Their decision to strike out on their own is particularly bold given current economic uncertainty around the coronavirus,…
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Real estate industry experiencing surge in off-market listings
The global pandemic has dramatically changed the way real estate agents do business, with Listing Loop reporting a significant rise in the number of off-market property listings. Defined as properties that are listed for sale, but not necessarily advertised through the standard mainstream channels, these ‘secret listings’ are typically marketed by agents to their individual networks. This surge in off-market…
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R&W expands its presence in the Southern Highlands
Richardson & Wrench has opened a new office in the Southern Highlands, marking an expansion into regions close to Sydney, which offer the benefits of both lifestyle and affordability. R& W notes the attraction factors that have made the Southern Highlands a perennial favourite amongst Sydney’s society set have been highlighted by the number of high-profile business and entertainment identities…
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The metropolitan property markets outperforming the pandemic
On the back of reduced housing stock, pent-up buyer demand and relatively stable housing prices, The Agency Group has seen promising turnover in the entry level categories and suburb records broken in the prestige sector. The Agency reports Sydney’s prestige Eastern Suburbs market has achieved some astounding results, with Ben Collier selling over $30 million worth of property over the…
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Five reasons now might be the perfect time to go out on your own
This recent COVID-19 crisis has imparted a level of disruption that our generation of real estate professionals has not seen before, requiring us to be adaptive and respond to change very quickly. It sees us in the midst of a paradigm shift, as the impact and status of the current COVID-19 pandemic evolves daily. Our industry has fast-tracked technologies and…
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New app offers reprieve for property industry
Developers can now give prospective property buyers the experience normally given in face-to-face showings, with a Brisbane-based creative agency launching a new interactive app, overcoming challenges with COVID-19’s social distancing measures. icreate.agency – which specialises in property – fast-tracked their new interactive online program called the ‘iCreate Sales Track App’ to simulate the experience of visiting sales suite or display villages. Having developed…
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Eview Group announces ninth national partnership for 2020
With its ninth national partnership for 2020 confirmed in Darwin, Eview Group is fast becoming a formidable force amongst the real estate industry. In addition to extending its nation-wide reach into the Northern Territory, Eview Group will also further cement its already-established position within Queensland with a relaunch of an agency there. With the accumulation of almost 30 years of…
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Darwin property market holding steady
Seemingly against the odds and market predictions, Darwin real estate continues to hold steady with owner-occupiers and interstate investors continuing to purchase local homes. According to the latest figures by Raine & Horne, Darwin property values show no signs of significant falls, while rental vacancy rates also remain stable at 4 per cent. Rental arears are only up marginally from…
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Propic makes AI technology available for free during pandemic
Real estate software service provider Propic will make its AI technology available for free to all real estate businesses, irrespective of size, to support the industry through the COVID-19 pandemic. In response to the changing needs of businesses and customers, the AI technology has been trained to answer a variety of different coronavirus-related questions. Valued at thousands of dollars, Propic’s…
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Ray White Manly’s 1000 courtesy calls to the area’s elderly
Ray White Manly has sought to ensure the local community knows there is always someone else on the end of the phone should they need it, undertaking more than 1000 courtesy calls to the elderly in their area. “We have a great relationship with our local MP, so my Sales Associate Jack Chadwick and I reached out to see if there…
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Mark McGill Joins Eview expansion into Queensland
After a decade of service to the real estate industry, multi award-winning agent, Mark McGill has started his own brand on the Sunshine Coast. With a fresh new look, The McGill Group has partnered with Eview Group to inject innovation and confidence into the local real estate marketplace, using architecturally stunning brand elements. A key point of difference is McGill’s…
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Gower Buchanan of Ray White NZ – Never more relevant than now
In New Zealand, the response to Coronavirus ramped up quickly, with the country given just 48 hours to prepare for full lockdown. Wherever people stayed the night of March 25, they were told to remain. All but essential services shut down. All businesses except supermarkets, pharmacies, clinics and lifeline utilities closed their doors. Ray White Ponsonby director Gower Buchanan notes…
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Growth with a “best service” focus for Ray White
The Ray White Group is going from strength to strength in the Logan region, just south of Brisbane, with two talented acreage sales specialists joining the Marsden and Beenleigh offices. Kristie Steele and Brooke Collegde are transferring from Ray White Browns Plains to Ray White Beenleigh and Ray White Marsden respectively, following the retirement of…
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RE/MAX unifies its national presence
RE/MAX Australia has consolidated its Australian reach with the West Australian RE/MAX network now aligned with the Australian master franchise. Leading RE/MAX Australia are managing director Michael Davoren and directors Chris Chapman, Joel Davoren and Josh Davoren. "Acquiring the West Australian network is an exciting step forward for the RE/MAX brand in Australia," said Michael…
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The Agency implements measures to protect jobs and ensure team retention
The Agency Group has announced a raft of business continuity measures to ensure staff retention during the current COVID-19 pandemic. Noting the measures had been welcomed by the vast majority of its staff, they said the initiatives would have no impact on group’s ability to deliver industry-leading real estate services to its clients, property agents, home buyers and sellers, landlords…
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New remote property inspection app protects tenants and property managers
Leading property industry technology solutions firm - Realm Australia, is encouraging property managers to make use of its new Rental Property Self-Inspection app to help protect staff and tenants from possible exposure to the COVID-19 virus. The Rental Property Self-Inspection app uses innovative AI technology to facilitate tenants performing remote inspections, with a full report…
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COVID-19 – McGrath sees public endorse auction live streams
Online auctions and virtual inspections are proving successful, according to McGrath Estate Agents, who note the real estate industry has adapted quickly to the necessary legislation of social distancing. “We have painstakingly worked with our agents to ensure that we exceed the safety requirements around COVID-19 of social distancing of between more than 4 square meters, and we’re delighted to…
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Daniel Lee of Plum Property – Picking up the tools to make the best of it
Daniel Lee of Plum Property – a Brisbane brand quickly gaining attention for its nifty use of video – is taking extensive precautions against COVID-19 with the aim of protecting both his 20-plus staff and his valued clientele. Open homesOf course, this playing field altered on Monday night with news open homes and auctions would no longer continue, but up…
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Ray White lobbies for ‘essential’ real estate services
The Ray White Group, along with all major real estate brands, is set to lobby the Federal Government in order for its national members to be deemed an “essential service”, the same as the financial services industry, in a bid to prevent a catastrophic fallout in the property sector. Ray White Group Managing Director Dan…
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