Real Estate News
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REA Group unveils new Smartline brand
REA Group has announced the rebranding of its Smartline mortgage broking business, with realestate.com.au Home Loans also to be integrated under the banner in the coming months. Now known as Smartline – personal mortgage advisers, REA said the rebranded offering is primed to become the primary mortgage broking brand representing the Group in the Australian market. “The new Smartline brand combines the…
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Ray White Invests $3m in Aussie proptech start-up, NurtureCloud
Australasia's largest real estate agency, Ray White, has just invested $3m into Sydney-based proptech company NurtureCloud, to both improve its own network's offering as well as being part of exploring international opportunities for the product. The investment in NurtureCloud, founded three years ago by serial internet entrepreneur, Adam Rigby, means that Ray White agents will…
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Rightsizing: the downsizing trend toward luxury apartment living
Demand for rightsizing – the downsizing lifestyle trend towards luxury apartment living – is strong in Australia, according to the latest research from Knight Frank. The Knight Frank Rightsizing – Australian Prime Residential Insight 2020 report found buyers are looking for low-maintenance properties, but with house-like proportions and great amenities. In essence, they are looking for luxury apartments with at least three…
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Victoria and Tasmania come together for Ray White’s Unite 2020
More than 650 Ray White Group members from across Victoria and Tasmania have descended on the Crown’s Conference and Events Centre for Unite 2020. Hosted across capital cities by Australasia’s biggest real estate group, the Unite 2020 program provided a new and improved training format for salespeople and property managers. The sessions were designed to help agents navigate and adapt to current market…
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Berlin’s radical rent freeze to tackle housing affordability
NSW might have new rental reforms, but nowhere is the gaping chasm between landlord and tenant interests more obvious than in Germany’s Berlin. In the city once divided by the wall, the government is set to deliver new legislation that is fiercely polarising tenants and landlords. From this month, Berlin’s property market will be subject…
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Belle Property and Hockingstuart merge
Belle Property and Hockingstuart have merged to launch an innovative new agency model which sees both brands operate independently, as part of one major real estate network. While the Hockingstuart brand will remain across Victoria, in February, the Belle Property brand will also launch into key Victorian regions including Bayside, Stonnington, Booroondara, Glen Eira, Peninsula,…
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Rent.com.au to raise $2.9 million for RentPay development
Rent.com.au has has executed an underwriting agreement with Pinnacle Corporate Finance in a bid to raise $2.9 million for the development of RentPay. The capital raising exercise will comprise a non-renounceable, pro-rata rights issue on the basis of one new share for every five shares held at an issue price of $0.05 per share. The rights issue price of $0.05…
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Gavin Rubinstein kicking goals at Ray White TRG
Ray White TRG founder Gavin Rubinstein has become the first agent to reach Chairman’s Elite status in the Ray White Australian residential network this financial year. The accolade is considered the highest level of sales recognition at Ray White based on settled commission and Sydney-based Mr Rubinstein noted it was partly due a positive start to 2020. “Stock is tight,…
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RBA Governor backs low interest rates but warns over house prices
In his first speech of 2020, RBA Governor Phillip Lowe has reiterated that interest rates will likely remain low for an extended period of time while cautioning on their impact on house prices. Speaking at the National Press Club, Dr Lowe came out strongly by suggesting three interest rate cuts last year had been of benefit to the Australian economy,…
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Tiny houses: not the big answer to housing you might think
There has been significant growth in small house living, but that doesn’t mean Australia should go in big on them. Don’t let their sizes fool you – the tiny house movement is big. These micro-scaled homes are populating Instagram feeds and even have a Netflix series aptly named Tiny House Nation. Championing a simple-living alternative to habitation – an antidote…
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2020 REIA National Awards for Excellence finalists announced
The finalists for the 15th National Awards for Excellence has been announced by The Real Estate Institute of Australia (REIA). REIA President Adrian Kelly said the national awards recognise the best of the best in Australian real estate. "This year the REIA National Awards for Excellence will be proudly hosted by the Real Estate Institute of…
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Ray White NZ appoints Gavin Croft as Chief Operating Officer
Ray White New Zealand has appointed experienced award winning auctioneer Gavin Croft as its new Chief Operating Officer to help spearhead the next phase of growth at the leading network. Ray White New Zealand currently has a network of 177 offices across the country with a market turnover of $11.9 billion in sales and 18,000 properties under management. Ray White’s…
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McGrath launches new digital experience platform
McGrath Estate Agents has launched a new digital experience platform, designed to set it apart from traditional real estate websites. Delivering a unique user experience for its clients, whether they be vendors, buyers, landlords or tenants; the new content-focused website showcases an elegant, minimalist design that embodies the McGrath brand. In another first for mcgrath.com.au; the new digital experience platform…
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Digital mastery for the real estate industry
It’s no secret that the digital world can be confusing and competitive, while tried and tested methods of leads and visibility can change in a heartbeat. And with big players of the industry changing the interaction between clients and agents, agencies need to upskill quickly to become both masters of attraction and masters of their own lead generation. It is…
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Australia needs to build a new ‘Canberra’ every year
In 1988 the Australian Bureau of Statistics (ABS) projected a population of 25 million by 2050. Australia reached that estimate 30 years earlier. Our population grew by more than 400,000 in 2018-19, and the ABS now projects a population of 30 million by 2030. One of Australia’s best-known urban planners and designers, Mike Day – who is co-founder and director of RobertsDay and a…
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RBA leaves rates on hold at 0.75 per cent for February
The Reserve Bank of Australia (RBA) has left the cash rate on hold at 0.75 per cent at its February meeting, in what was a decision that was widely expected by the market. Over the past few weeks, economic data has been on the improve and that has made a strong case for rates to be left unchanged. We’ve seen…
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2020 – New decade, new challenges: How to stay relevant in the digital age
If there’s one thing we know for sure, it’s that the real estate industry is changing – and it’s happening fast. The rate of change is only accelerating and without a doubt will continue to do so in the decade ahead. Driven by new expectations of competitive pricing yet 24/7 personalised service, the sector sits at a junction where implementing…
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House price rally continues in January
House prices started the year in the same fashion as they ended 2019, rising across every capital city in Australia. According to the latest data from CoreLogic, the combined capital cities grew by 0.9 per cent in January, taking the quarterly gain to 4.2 per cent. Once again it was Sydney (up 1.1 per cent)…
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New Real Estate Portal Zango Launches in Canberra
A new listing portal focused on the Canberra property market is getting set to launch in a bid to change the way locals view real estate. Zango has been developed in collaboration with a group of local real estate agents in Canberra, who were wanting to create a wholly-owned local platform. Zango will focus on…
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realestateview.com.au announces Antony Catalano as newest board member
realestateview.com.au announced the appointment of Antony Catalano as a board member. Catalano and his business partner, Alex Waislitz, now hold the largest interest in realesteview.com.au with an economic stake of 26 percent. This is another venture for the pair who are currently growing their media portfolio alongside the recent acquisition of Australian Community Media (ACM)…
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Elders appoints Head of Residential Real Estate
Elders has announced the appointment of seasoned marketing and business executive, Belinda Connor, as the Head of its Residential Real Estate division. Mrs Connor has previously held numerous strategic marketing and network growth roles with leading companies, including Foxtel and the Wendy’s franchise network. She will assume responsibility for the strategic oversight of Elders’ residential real estate network operations and…
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Rent.com.au celebrates improved performance
Rent.com.au has reported its best operating performance to date, with the second quarter of 2019-20 financial year revealing a 19 per cent improvement on the period prior. The renting website released its latest financial report last week, with CEO Greg Bader celebrating the results. “To finish 2019 with a record-breaking EBITDA quarter is exceptionally pleasing, especially when you factor in…
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Ray White ‘Event’ auctions a pointer to a buoyant 2020
Ray White Surfers Paradise Group’s (RWSP) annual The Event auctions, held last weekend on the Gold Coast, have pointed to a robust Gold Coast market, according to RWSP CEO Andrew Bell. A total of 31 properties were sold by the end of Saturday’s auctions, close to $20 million, and a large number are still under…
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Ray White around the grounds auction report
As the market starts to heat up in 2020, Ray White has reported they had 346 auctions scheduled this week, with 131 of those booked in for Saturday. Preliminary data on auctions in Sydney shows the clearance rate was at 85 per cent clearance on Saturday for the Ray White network. Ray White New South Wales chief auctioneer Alex Pattaro…
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Berkshire Hathaway HomeServices introduces QuickBuy
Berkshire Hathaway HomeServices Starck Real Estate has introduced QuickBuy – an alternative home sale option made available through a partnership with Moving Station, LLC. The relationship allows Starck Real Estate to present Midwest home sellers with a reliable “instant” offer for their home as an alternative to a traditional home sale. Consumers who request a QuickBuy offer from Starck will…
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New agency set to deliver top rewards to sales agents
As the new year and a new decade kicks off, one real estate industry leader has seized the opportunity to reshape the real estate industry with the introduction of a new agency with a twist. Agency HQ – which allows sales agents to build their own real estate business without the usual financial risks and set-up hassles – is the…
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Top Cairns agent takes the plunge to Explore
After many years of operating her own agency, leading local agent Nicole Bragg has literally taken a huge leap to bring her entire business under the recently-established Explore Property in Cairns. Known for her flair for marketing, Ms Bragg announced her arrival at her new agency by parachuting out of a plane with her team and landing in a field with…
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The Agency records 147 per cent increase in revenue
Real estate industry leader The Agency Group Australia has recorded strong growth for the half-year 2020 with a combined total group revenue of $25.2 million – up 147 per cent on the previous corresponding period. Yesterday’s results delivered to the ASX showed this was on the back of positive Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) and Gross Commission…
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NSW tenancy reforms turn up heat for landlords and tenants
If you didn’t know already, the NSW Residential Tenancy Act and Regulations were updated and passed through parliament unopposed on 19 December, 2019. The new laws proposed by the State Government Innovation and Better Regulation office begin on 23 March, 2020, were aimed at providing an improved residential tenancy system. But will it achieve that? Only time will tell, but…
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Coronis launches B2B property management service
Coronis has expanded its property management offering with a new national B2B professional service, headed up by industry expert Salina Kachel. Property Management Director Jodi Ford said the new service offering was part of the company’s National Growth Strategy with an increased focus on partnerships with the likes of wealth creation houses, financial planners and off-the-plan selling companies including builders…
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Vic Real Estate Group turns to Acquire platform for advertising feedback
Greg Hocking Real Estate has announced a partnership with The Today Business to deliver a new approach in real estate advertising to its clients. Greg Hocking Real Estate CEO Greg Hocking said advertising was a significant portion of the total spend of most real estate sales campaigns, but there was an industry-wide problem with lack of visibility regarding the real-time…
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Rod Fitzgerald joins DiJones corporate team
Industry-leading talent Rod Fitzgerald has joined DiJones in the corporate team as Director for Corporate Partnerships and Events in a move to capitalise off continued brand influence. DiJones Chief Executive Office Rob Ward said Mr Fitzgerald’s appointment would catapult DiJones into its own league of real estate service offering. “This appointment is inextricably linked to our strategy and belief that…
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How will the bushfire crisis impact property prices?
There is no escaping the effect the recent bushfire crisis will have on property prices, but an independent property research company claims the impact will depend on the state of the market in the suburb prior to the bushfires as well as how badly the areas were hit. RiskWise Property Research has identified three ‘severity’ categories with greatly varied impacts…
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Hobart leads the way as resale prices on the rise
Almost nine out of 10 property resales over the September 2019 quarter sold for more than their previous price, delivering a gross profit of $18.7 billion for resellers across Australia. The latest CoreLogic Pain and Gain report showed overall 87.4 per cent of property sold above its previous price, and reveals a slight increase in profitable resales (0.1 per cent)…
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RESAAS teams up with BoxBrownie.com
RESAAS Services Inc, a technology platform for the real estate industry, is pleased to announce a partnership with BoxBrownie.com. BoxBrownie.com is an award-winning real estate image enhancement company. It provides ondemand professional photo editing services to real estate agents worldwide. Under the terms of the agreement, signed on January 16, 2020, RESAAS will sell photo…
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