INDUSTRY NEWS
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RE/MAX explodes into new financial year
RE/MAX Australia began this financial year with the same growth pattern as the end of the previous year with a new office signing each week over an eight-week period in June and July. “RE/MAX has arrived in Hendra and Seventeen Mile Rocks in Brisbane, Hoppers Crossing in Melbourne and Baulkham Hills in Sydney this month, said Franchise Director Joel Davoren.…
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Auction volumes continue to increase as preliminary clearance rate scrapes above 70%
National auction clearance results for the week ending 30/07/2017 courtesy of CoreLogic Auction clearance rates have seen a slight improvement across the combined capital cities over the month of July, with the final clearance rate over the last two weeks just falling short of the 70 percent mark. Auction volumes were higher this week with 1,957 homes taken to auction across the…
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CSIRO Acquires The Centre for Liveability Real Estate
In June 2016 CSIRO acquired The Centre for Liveability Real Estate™ and the intellectual property for the Liveability Real Estate™ Framework from Hooker Corporation. In an official statement, the CSIRO said that “The Liveability Real Estate™ Framework is aspirational and positive, targeting the desirable features of a house that a buyer or seller can transparently seek out, have a conversation…
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CoreLogic Property Pulse and auctions 27 July 2017 – renting on the rise and homeownership declining
CoreLogic research analyst Cameron Kusher said analysis of recent Census results show the proportion of properties rented has been trending higher, increasing from 29.6% at the time of the 2011 Census and 27.2% at the time of the 2006 Census to reach 30.9% of all dwellings in 2016. “While the proportion of dwellings being rented is climbing, the proportion of…
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HEM Property is a finalist in Greater Port Macquarie Business Awards
HEM Property is a finalist in the New Business category of the 2017 Greater Port Macquarie Business Awards. The young business was started five months ago by three agents who wanted to make customers their focus. Naomi Hunter said she and her fellow directors David Evans and Kristian Murphy know the client comes first, given how deeply emotional and personal…
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Ex-Macquarie Bank director launches new hybrid real estate agency
Sello, a new hybrid real estate agency was launched by CEO and co-founder Macintosh, with David Murphy and Craig Hewett who are both founding investors. Macintosh held senior roles at Macquarie Bank overseeing real estate funds management, risk management, product development and project management. David Murphy runs his eponymous agency in Mosman. Tech entrepreneur Craig Hewett co-founded Wego.com, a leading…
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REIWA: Perth market showing signs of stabilising
REIWA President Hayden Groves said that, while conditions remained softer, there were some positive indications the market had finally begun to settle. “We’re certainly not experiencing the steep declines across the board we once were. Although no one can accurately ascertain the future of the property market, the signs are there that we have finally found, or be very close…
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REA community partnership with Launch Housing to combat homelessness
Launch Housing has been REA Group’s major charity partner since 2014 and since then have helped 1,367 women and children from 483 houses with financial assistance, through the National Rapid Rehousing Fund, which provides financial assistance to women and children who are at risk of, or experiencing, homelessness as a result of domestic violence. REA has also announced two new partnerships,…
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New Digs for Harris Real Estate
Exciting news for the team at Harris Real Estate in South Australia as they unveil a new office in Kent Town. The new permanent home for their growing operations has seen the complete refurbishment of a two storeys commercial building creating a bespoke environment for the Harris brand to live. The design of the project was led by Jen Harris,…
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Kingscliff agent runs open home in Mona Vale from 800km away
Ray White Kingscliff’s James Shugg turned to outside the box thinking when his mother decided to put her home at 6/125 Darley St West, Mona Vale in NSW on the market. “I said to mum, ‘I can sell it for you’. I can sell it by negotiation and I can get there by Facebook’s FaceTime. It’s easy, all we need…
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Growth in Queensland employment over inflated, Propertyology
The growth in Queensland employment is being artificially inflated by one sector, according to research from Propertyology, a professional services property investment firm. “Every state needs to be a champion at something. New South Wales is Australia’s financial and insurance capital, Victoria holds the trophy for manufacturing and major events, and Queensland has become the champion of ‘administrating’,” said Simon…
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New listings higher than year ago while total listings lower: CoreLogic
The number of new listings is higher than a year ago but the total number of listings is lower, according to CoreLogic data. The number of properties advertised for sale is now showing substantial differences between regional and capital city markets, as well as between individual capital cities. Research analyst Cameron Kusher noted that comparing the capital city and national…
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REIWA: Perth properties selling faster by auction than private treaty
Perth sellers struggling to sell should look at going to auction, with the Real Estate Institute of WA revealing it was 42 days faster to sell by auction in the metropolitan area than by private treaty in the three months to June. REIWA President Hayden Groves said that, while auctions represented a small component of the Perth property market, those…
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Flagship office of the Agency in Bondi Beach opens its doors
Designed by award-winning architects Redgen Mathieson, The Agency’s stunning new office holds prime position in the new Pacific Bondi Beach development overlooking the iconic Sydney Beach. The open, transparent, striking space has been designed to embody and foster the brand’s dynamic approach to real estate. CEO Matt Lahood says that he views the Bondi office as more than a workspace,…
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Survey finds 7 out of 10 Australians believe market for Airbnb is growing
The quarterly report released by And Chill Property Management – Australia’s leading Airbnb management agency for property investors – is derived from survey responses from 1,200 individuals across Melbourne and Sydney. The Short Stay Confidence Index report examines the sentiment around the growth of the Airbnb market as well as the willingness for property investors to list their homes on…
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NSW tradies prices up 8% from last quarter
The renovation boom due to high house prices has left NSW tradies cashed up, with tradie prices in NSW up 8.4 per cent this quarter. Tradies are charging an average of $62.90 per hour, according to figures from ServiceSeeking.com.au’s Tradie Price Index. The last Tradie Price Index, released in May, showed a drop in the cost of hiring a tradie,…
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Mark Robinson joins Unison’s ‘Highfields’ Sales Team
Mark Robinson has joined the sales team for Unison Projects’ ‘Highfields’ master-planned residential community at Bridgeman Downs on Brisbane’s northside, where vacant land is in short supply. ‘Highfields’ is one of the largest new estates in Bridgeman Downs and will comprise 134 lots in an established residential area well supported by transport infrastructure, just 13km from the Brisbane CBD. Unison…
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Coronis partners with Diakrit to provide state-of-the-art property marketing
Queensland super group Coronis has launched state-of-the-art marketing software across their 22 offices across the state in partnership with digital real estate marketing company DIAKRIT. The technology allows clients to interact with online listings using tools including magazine quality photography, virtual reality plus 2D and 3D floor plans, allowing potential buyers to “mentally move in” and engage with the property.…
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Ray White Springwood expands next door to Daisy Hill
Ray White Springwood principals Lindsay Battley and Michael Lanskey are expanding their business and opening an office next door in Daisy Hill. The pair have more than 20 years’ experience and 25 per cent market share in Springwood. “We opened Ray White Springwood four years ago on our own,” Mr Lanskey said. “Over the years we have had a consistent market…
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Di Jones agent Emma Brown-Garrett wins Novice Auctioneers Competition
Auctions are often described as the real estate industry’s ‘piece of theatre’, and a background in acting has helped novice auctioneer Emma Brown-Garrett secure a place in the State Final of the REINSW Novice Auctioneers Competition. Ms Brown-Garrett, a sales agent based at the Woollahra office of Di Jones Real Estate, won the 10th and final heat of the Novice Auctioneers…
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Cute toddler photobombs listing photos
How do you get more people to look at your listing? Simple. Just add a cute toddler. That’s what Bell Real Estate agent Rebecca Halit learned when three-year-old Henry photo bombed the listings photographs, propelling the house at 17 Glen Harrow Heights Rd in Belgrave to international stardom. The McAdam family listed their three-bedroom home, located in Belgrave just outside…
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NCAT: Obedience To the Unenforceable
According to a recent decision of the NSW Court of Appeal, the rights and obligations of tenants and landlords may be unenforceable where one of the parties live interstate. This comes down to the fact that the NSW Civil and Administrative Tribunal is fully a part of the executive branch of the NSW Government, and therefore it seems that it…
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CoreLogic Property Pulse: How did the housing market perform over the financial year?
Research by CoreLogic has confirmed that over the past 20 financial years combined capital city dwelling values fell just twice. Over the last twelve months, CoreLogic found that combined capital city dwelling values increased by 9.6 per cent, which was actually greater than the 8.3 per cent rise over the 2015-16 financial year. According to research analyst Cameron Kusher, combined…
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Govt crackdown may open up $100m worth of property, but will come with a cost: Gunning
Limiting foreigners from buying property in Australia is xenophobic, according to the Real Estate Institute of Australia president Malcolm Gunning. Mr Gunning’s comments come following the news of the Government’s crackdown on illegal foreign property purchases, which could open up more than $100 million worth of property. The hurdles placed in front of foreign buyers are significant and are working,…
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Auction volumes lower with 1600 properties taken to auction, returning a stronger preliminary clearance rate of 72.4 percent
The number of homes taken to auction across the capital cities has fallen for the 4th week in a row, with just 1,612 auctions held this week, down from 1,766 last week, although higher than this time last year when 1,391 properties went under the hammer. National auction clearance results for the week ending 16/07/2017 courtesy of CoreLogic The combined capital city…
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Three In A Row for Bronte Manuel
REISA’s third Auctioneering Championships concluded last Thursday with a Gala Presentation Dinner at the Stamford Grand in Glenelg. Toop & Toop’s Bronte Manuel was the winner for 2017 – a perfect hat-trick – and will represent South Australia at the Australasian Auctioneering Championships in Adelaide in September. Independent auctioneer, AJ Colman, finished in second place and will also represent South…
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Confidence Surges With Peak In Residential Construction: Master Builders
The boom in residential building activity is reaching its crescendo with key indicators showing residential builders in the south eastern states enjoying near pre-GFC conditions. “Master Builders National Survey of Building and Construction shows business confidence continued to improve in the June quarter, recording an index score of 60, the most positive result since June 2015 – an index score…
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Time to move forward or be left behind: REINSW
The REINSW held its first ever Property Industry Think-Tank on professionalism to discuss education and the future of the industry. The think-tank, held at Parliament House in Sydney, invited 60 thought leaders and high-performing real estate agents to explore what the industry needs to do to become a true profession. REINSW President John Cunningham spoke to the aspiration to have…
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Melbourne market sees solid June quarter growth: REIV
The cold weather hasn’t dampened Melbourne’s property market with the citywide median house price increasing for the fifth consecutive quarter. New REIV data shows the metropolitan Melbourne median house price rose 2.9 per cent in the three months to June 30, to $822,000. The city’s middle and outer suburbs were the main growth drivers in the June quarter with both…
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Ray White reports increase in results for June 2017
Ray White this week released the White Paper which reflects on annual results and reported a total of $4.3 billion in sales across the Group for the month of June 2017. This result is a 20 per cent increase on last June’s results, which is notable given that June is normally a slower month and there was plenty of distraction last…
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Investor housing finance on downward trend
Finance approvals for investor housing are on a downward trend, according to the latest housing finance figures released by the ABS. The value of investment housing commitments decreased by 1.5 per cent in May in trend terms. This follows a fall from April 2017 and is well down from its 2015 peak. REIA President Malcolm Gunning said the May figures…
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New home and first home buyer lending bounces up in May
First-home buyers have come back into the market, according to ABS housing finance data which shows new home lending increased in May this year. The ABS has released the Housing Finance data for May 2017, which shows new home lending increased during that month. Housing Industry Association’s principal economist Tim Reardon said lending to first-home buyers coincided with an increase…
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Purplebricks UK ad banned for misleading consumers
UK-based online real estate agency Purplebricks has had one of its ads banned by the Advertising Standards Authority for “misleading customers”. The ad featured testimonials from customers in which they claim how much they saved in fees by using Purplebricks’ services. Purplebricks said it estimated the savings based on an assumed estate agent fee of 1.8 per cent of the…
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Agents of Mercy charity campaign raises $2000
‘Agents of Mercy’, an overseas aid campaign led by Pilot Real Estate in Mornington Peninsula has raised just over $2000 from grassroots fundraising. Principal Luke Woollard said the funding was going to a worthy cause, with 90 percent of the $2129 raising going to housing programs in the Philippines. “We are breaking the poverty cycle slowly but surely for some…
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Domain gets a new head of sales
Former REA Executive Tom Ainsworth is joining Domain Group as Executive Director of Residential Sales. Mr Ainsworth is currently Senior Vice President of marketing, go to market, research, sales enablement and sales at Move, Inc., publisher of the US’ second largest real estate portal, realtor.com. He was director of sales at REA Group from 2012 to 2015 prior to moving…
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