INDUSTRY NEWS
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Amber Werchon Property Awarded QLD’s Best Largest Residential Agency for 2017
Sunshine Coast real estate agency, Amber Werchon Property (AWP), won the Largest Residential Agency category at the Real Estate Institute of Queensland’s (REIQ) annual awards for excellence, held at Brisbane City Hall on Feb 4. Founder and Director of AWP, Amber Werchon, has been the recipient of multiple industry awards over her 17-year career but said that receiving this award…
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Barr Essentials Helps Real Estate Agents Prospect Via Funnel Marketing
A Sydney-based former broker has started her own digital marketing company which provides prospecting services to real estate agents that helps them to save time and money. Emma Barr, the owner and founder of Barr Essentials said her company’s custom designed lead generation funnel helps individuals and agencies throughout Australia source for listings via targeted social media campaigns using Facebook…
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REIV chief: Concern for rental reforms
The state’s most disadvantaged tenants will be the hardest hit if proposed reform of the Residential Tenancies Act – the law that governs the rights and responsibilities of landlords and tenants – is adopted, says REIV chief Gil King. As many of the proposed reforms are designed to improve rental conditions for these very tenants, despite its intentions, the Andrews…
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New Home Sales Dives in January: HIA
The Housing Industry Association (HIA) has recorded a mild dip of 2.2 percent for new dwellings sales in January. HIA chief economist, Dr Harley Dale said the weaker update on its New Home Sales Report follows a decent run for new home sales in December. “Given that Australia is tailing off from the largest and longest new home building cycle…
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Master Builders Australia CEO calls it a day after 26 years in the organisation
Master Builders Australia’s longstanding chief, Wilhelm Harnisch, has announced his resignation on Wednesday, after 15 years in the top job. Harnisch who has been with Master Builders for last 26 years left the job voluntarily as he felt that it was time to move on to other endeavours. Harnish has had an illustrious career with Association since he first started…
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Capital city dwelling values rises by 1.4 percent in February: Core Logic
CoreLogic’s monthly Hedonic Home Value Index has reported a 1.4 percent rise in the value of capital city dwellings in February. The strong capital gain over February was led by Canberra (+3.2 percent) and Sydney (+2.6 percent), with Melbourne (+1.5 percent) and Hobart (+1 percent) also returning significant increases. In contrast, dwelling values were down over the month across Darwin…
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All Female Aussie Construction Company Wins International Award
Sydney-based firm Diva Works has recently won the Gold Award for Sales Growth at the 11th annual Stevie Awards for sales and customer service held at the Caesars Palace Las Vegas in Nevada last month. The Stevie Awards received over 2,300 entrants from organisations in virtually every industry around the world and were judged by more than 77 judges. Diva…
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Award winning South Australian Agent comes back better than ever
A Ray White agent who was involved in a life-threatening car accident last year has made a robust comeback to real estate. Rachel Lawrie joined Ray White SA Metro last October after making full recovery from an accident in May and since then, she’s not only just reestablished herself as an agent, she’s now a fully accredited auctioneer and is…
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REINSW to meet new Minister for Innovation to discuss proposed changes to the RTA
The REINSW have presented their areas of concern last month with respect to the latest overhaul of the Residential Tenancies Act to The Office of Fair Trading and have scheduled a meeting with new Minister for Innovation and Better Regulation Matthew Kean to provide feedback. “We felt it was necessary to take action ahead of any proposed amendments to the…
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Purplebricks expands to the US
UK-headquartered online real estate agency Purplebricks is expanding to America; the company told the London Stock Exchange last Wednesday. The company also announced details of the placing to raise gross proceeds of up to £50 million through the issuance to finance the expansion in a state by state roll-out to the US by mid-2017. Since it’s launched less than three…
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Century 21 Home Loans Appoints New National Manager
Century 21 Australia has appointed former banker Ben Braysich as its new national manager for Century 21 Home Loans. Braysich brings a wealth of financial services experience after having spent three years at Macquarie Bank and seven years with the Commonwealth Bank Group, which saw him winning the 2016 NSW Private Banker of the Year Award. “My immediate plan is…
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New Research Finds Majority of Aussies Would Turn Their Backs On Big Banks In The Event Of A Crisis
Despite 80 percent of the Australian home loan market being held by the big four banks, almost three in four people believe a major bank would not provide the best service for customers facing a crisis. The nationwide survey, conducted by Galaxy Research for online lender State Custodians Home Loans asked 1,005 respondents who they think would provide the best…
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REIWA and COTA commend Barnett Government for committing to $15,000 concession for WA seniors
The Real Estate Institute of Western Australia (REIWA) and Council on the Ageing (COTA) have come together to campaign for transfer duty reform for the elderly, and have welcomed the Barnett government’s announcement that it will commit to a $15,000 transfer duty concession for seniors if re-elected. REIWA president Hayden Groves said he was happy that the current state government…
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Tremendous savings recorded by Aussie family with Tesla’s Powerwall home batteries
One Australian homeowner has saved $2,110.46 in annual electricity bills, paying a total of just $178.71 in the past twelve months with the use of Tesla’s Powerwall home batteries. The Pfitzner family were Australia’s first owners of the Tesla power battery and say they have managed to reduce their total electricity bill by 92.2 percent since their system was installed…
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REIWA says Labor’s new proposed property tax will hurt WA
The Real Estate Institute of Western Australia (REIWA) is unhappy with the Australian Labor party’s plans of wanting to tax foreign buyers in the future. REIWA president Hayden Groves in a statement on Monday said he was surprised by the additional tax charge for foreign buyers was announced by Labor reps on Sunday. as it was done without seeking the advice from…
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Belle Property Opens Office in Mumbai, Aids Indians To Buy Properties In Australia
Australian owned boutique agency Belle Property International (BPI) has opened an office in Mumbai, in order to capitalise on the growing number of Indians investors interested in purchasing residential and commercial properties across Australia. Based in India’s financial capital Mumbai, the expansion forms a part of the company’s strategic plan to expand into Asia throughout the year. “We are creating…
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Goldman Brothers organise charity run in Jervis Bay for Kids Giving Back
The Sydney-based Goldman Brothers team are organising their first ever adventure run event in Jervis Bay National Park from May 5 till May 7. The race charity challenge is expected to attract limited to 30 participants who would be raising a total of $75,000 for Kids Giving Back, a local charity organisation dedicated to encouraging children to give back to…
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High homebuyer pressure pulls North West development dates forward
The Hills of Carmel, a 2,000 lot sub-division spread across 223 hectares in Sydney’s North West, has had its buyer registration period brought forward by four months to meet demand for prompt settlement. Registration is the formal process of lodging the individual lots with the land titles office, allowing the final settlement of property to take place. As a result,…
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Land Sales Recover, As Prices Rise Says HIA and CoreLogic Latest Report
The latest Housing Industry Association (HIA), CoreLogic Residential Land Report has revealed that residential land sales have increased for the second consecutive quarter as prices reached a new high during the three months to period ending September 2016. HIA senior economist, Shane Garrett said during the quarter, the volume of land sales increased by 1,121 lots compared with the June…
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Reduce cost of stamp duty by 50 percent for retirees and see how housing supply rises, says REINSW
The Real Estate Institute of New South Wales (REINSW) is calling for the state government to give a 50 percent discount to retirees with dwellings, adding that the move will help increase necessary housing supply. REINSW President John Cunningham said the discount should also be extended to upgraders who had intentions to sell but choose not to due to the…
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REIWA CEO celebrates 40 years in the job and reflects on evolution of Perth property market
The Real Estate Institute of Western Australia (REIWA) longest running employee and CEO, Neville Pozzi, is amazed at how the Perth real estate market had transformed since he started working for the association 40 years ago. “When I began at REIWA in 1977 as an accountant, Perth’s median house price was just $33,800. A far cry from the prices we…
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Fairfax set to spin off Domain
Updated: 11.45 am 22 Feb Fairfax confirms spinning off Domain. Here is what we understand so far. On Wednesday morning the AFR (a Fairfax Media owned newspaper) confirms that its parent company was considering spinning off Domain real estate advertising business into a separate entity. Details of the Domain spin off have sent Fairfax shares up by 9 percent to…
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Di Jones opens new space in Southern Highlands, to capitalise on local growth
Young Sydney families are slowing moving away from the hustle and bustle of city life and into the Southern Highlands due to its value and lifestyle offering, a real estate agency has suggested. Di Jones Real Estate who first established an office in Woollahra in 1992 has decided to capitalise on the trend of migrating home buyers by opening its…
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Sydney densities spreading to the Southern Highlands
High-density living is spreading well beyond Sydney, with properties for sale in the Southern Highlands increasingly on blocks of 500 square metres or less, according to a Mittagong builder. Thirty-year Southern Highlands building veteran, Steve Turland of ‘S Turland Building’ said it was now difficult to find acreage in his hometown of Mittagong. “Blocks are getting smaller and smaller. It’s…
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Leasing activity rises in Perth for December quarter
Leasing activity in Perth has risen significantly with latest figures for the last December quarter showing improvement of 23.8 percent compared to the prior corresponding period. Real Estate Institute of Western Australia (REIWA) president Hayden Groves said its data showed all five sub-regions experienced notable increases in activity over that time. “While conditions in the rental market remain challenging, the…
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NSW rental markets influenced by festive season: REINSW
Latest data compiled by the Real Estate Institute of New South Wales (REINSW) shows that rental markets were greatly influenced by the festive season and summer holidays. REINSW president John Cunningham said the institute’s January vacancy rate survey revealed that Sydney metropolitan market was up significantly whenever holidays was just around the corner. “Inner Sydney and Outer Sydney saw an…
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Nesters Australia uses tech to sell clients properties with low-commission of 1.5 percent
A Perth-based real estate agency is saying they have worked out a strategy to help their client sells their homes quickly, with the lowest possible commission. Nesters Australia operates through a smartphone app, and only charges a commission of 1.5 percent while promising to secure the best possible price on the seller’s property. With the market conditions that have been challenging…
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Demand for housing in Southeast Asia to increase, say Raine & Horne
Kuala Lumpur-based Michael Geh, a senior partner of Raine & Horne International Zaki + Partners Sdn Bhd, says three major South-east Asian countries namely Malaysia, the Philippines and Indonesia would likely be experiencing increased demand for housing in the coming months. “About 47 percent of the population of Malaysia, or 14.3 million people, are aged between 20 and 49, and these…
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Cooley Auctions braces itself for Super Saturday this coming Feb 25
Super Saturday is coming early for Cooley Auctions with 100 homes set to go under the hammer on February 25, a personal best for the team. Looking back at the same weekend over the past five years, February has never looked hotter for Cooley Auctions as only 2014 came close with 97 auctions in one day, but this year will…
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REIWA welcomes state govt’s commitment not to increase or introduce new state taxes if re-elected
The Real Estate Institute of Western Australia (REIWA) is satisfied that the current state government has given its word not to add any new taxes or raise existing ones should they be re-elected on March 11. REIWA president Hayden Groves said the commitment put forward by the Colin Barnett Liberal government would be a welcome relief for the state’s home…
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Former RBA governor asked to help NSW govt tackle housing affordability woes
Newly appointed New South Wales premier Gladys Berejiklian has recruited former Reserve Bank of Australia (RBA) governor Glenn Stevens to provide input on how to making housing in the state more affordable. Berejiklian told NSW Parliament on Wednesday that Stevens had accepted a personal invitation to provide input into the strategy. “The NSW government understands that housing affordability is top…
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Penrith’s Mooney Real Estate creates brand awareness by helping local schools
The high cost of advertising with traditional media such as print and radio advertising has forced one startup real estate agency in Western Sydney to think out of the box. Out of frustration, the newly set-up Penrith Mooney Real Estate agency has come up with a clever approach in promoting their business through a community-based program known as the “Schools…
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Survey finds one in four Australians homes are already “smart”
A recent study has found that one in four Australian homes are already considered smart homes, or dwellings where occupants can control the functions of the house with a tap of a smartphone or a computer saving energy and money. In a recent survey commissioned by ServiceSeeking.com.au, they have found that more people are turning their homes into smart dwellings…
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US portal Zillow goes inside celebrity couple’s love nests for V-Day
In honour of Valentine’s Day, Seattle-based real estate marketplace Zillow has gone inside the homes of some of Hollywood’s most sought after celebrity couples who had recently put their properties up for sale to replenished them with new dwellings. Among them is one of Hollywood’s most powerful couple, Kurt Russell and Goldie Hawn who recently listed their Los Angeles mansion…
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Coldwell Banker gives away free perfume and red roses on Valentine’s Day
Coldwell Banker South West Realty in Wattle Grove is giving away a small bottle of perfume, and a single red rose to anyone that says the words “I Love Coldwell Banker” at their office premises on Valentine’s Day. The freebies are limited and would only be given out to those visiting the agency between 10 am and 4 pm. The…
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