Real Estate News
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Whitehorse names real estate agent as best business
PhilipWebb Real Estate has won two accolades at the Whitehorse Excellence in Business Awards 2019. Hosted by Whitehorse Business Group, the awards recognise business leaders and innovators and their contributions to the local economy. Presented with the Large Business Award (51-100 employees), PhilipWebb also received top honours taking home the Overall Business Award. "Being honoured…
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Jellis Craig rolls out new sales platform
Data-driven presentation platform SalesPreso has signed a deal with leading Victorian real estate agency group Jellis Craig that will see the sales technology rolled out across its network of 350-plus agents. SalesPreso co-founder Joel Thomson said the platform was a strong fit for the real estate industry, with REA Group, Domain, Vicinity Centres and now Jellis Craig, all implementing it.…
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Hammer time for auctioneers’ annual showdown
Australia and New Zealand’s best auctioneers have been decided and are now set to compete at the annual Australasian Auctioneering Championships (AAC) later this month. State and territory Real Estate Institutes and the Real Estate Institute of New Zealand all completed their auctioneering competitions with their two best auctioneers qualifying for the competition at Melbourne’s Federation Square. REIA President Adrian…
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New campaign demands ‘Solar for All’ Australians
A coalition of more than 20 community groups has launched a ‘Solar for All’ campaign, calling on state governments to end ‘solar lock-out’ and give all Australians access to safe and affordable energy. According to the groups, more than one third of Australians are locked out of access to clean energy because they rent, live in apartments, have unsuitable rooftops, or…
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Sales agent commissions tied to vendor ratings
A Brisbane-based business has established the nation’s first carrot-and-stick agency model – and it gives clients direct influence on how much agents can earn. Under the model introduced by UrbanX, vendors can rate their sales agents, with the size of agent’s commissions on the line, if their service and results prove to be regularly sub-par. Head of UrbanX, Dan Argent,…
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Banks slash fixed rates, pricing in Melbourne Cup cut
Tuesday 8 October, 2019: Three of the Big Four Banks have dropped rates on their fixed home loans in the past week, with NAB the latest major bank to cut its rates by up to 0.40 per cent today. In total, 17 lenders - including CBA and ANZ - have cut rates on fixed home loans…
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RE/MAX 2Aspire to serve Pukekohe community
RE/MAX 2Aspire owners Peter and Maureen Strong have expanded their real estate business with the addition of an office in Pukekohe. The husband and wife real estate team opened RE/MAX 2Aspire in Waiuku in 2017, and now just two years later have opened their second office. “Ours is a real estate team with customers at its heart, giving great service…
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New LJ Hooker office opens in the Southern Highlands
LJ Hooker has expanded its network in the Southern Highlands, with the opening of LJ Hooker Bowral. Experienced real estate specialist Sophie Desprez will head up the new office, which offers a full suite of real estate services across residential and rural properties including sales and property management. With 18 years’ experience in the real estate industry, including five in…
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REA Group announces joint venture with 99.co in Singapore and Indonesia
REA Group has entered into a binding agreement to establish a joint venture (JV) with Singapore- headquartered digital property marketplace 99.co. The combined company will provide the most compelling property marketplaces in Singapore and Indonesia, while delivering the digital platforms to property professionals to help them grow their businesses. Core to the JV company will be harnessing the know-how and…
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Coffs Coast locals open new Century 21 office
New office locations don’t come much better than Moonee Beach which lies in the centre of Coffs Harbour’s northern beaches, on the north coast of New South Wales. New Principals Darcien Kean and Michael Hall are both long-time locals and excited to have celebrated the official opening of their C21 office. Mr Kean has over 10 years’ experience in the…
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New business geared towards first home buyers launches Sydney office
A game-changing real estate agency is opening Australia's first office geared specifically toward first-home buyers and investors. Sydney real-estate identity, Marites Novis is opening Qfirst Property Investment Group's first office in Blacktown after identifying a gap in the market. "I've found that in my many years of experience in the real estate industry, most first-home buyers and…
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Matterport announces AI capabilities that will turn smartphones into 3D capture devices
Spatial data company, Matterport, has announced its latest breakthrough, Matterport 3D Capture for Smartphones, which will turn consumer smartphones into 3D capture devices. The capability, which was demonstrated for the first time recently at an invite-only event at San Francisco’s most exclusive property – Residence 950 – will support iPhone and Android devices. The first iPhone version is expected to be available…
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Land tax makes a move to digital
Land tax is going digital in NSW, giving property owners the ability to manage their land tax online. NSW Fair Trading announced the move this week, which will allow property owners to opt-in to receive their future Notice of Assessment via email, as well as lodge a return, request an exemption or make any changes to property details. The system…
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Queensland Sotheby’s International Realty welcomes industry veteran
Veteran Brisbane real estate professional Glenn Gracie has joined forces with Queensland Sotheby’s International Realty. With 32 years in the industry under his belt, Mr Gracie has long been a familiar face in the desirable lifestyle suburb of New Farm, launching his own real estate business and spending all of his career and family life in the riverside pocket. Queensland…
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CoreLogic expands valuation service to rural areas
Appraisals of rural properties are set to become easier for lenders, brokers and government bodies following the launch of the latest iteration of valuation software, ValConnect. CoreLogic developed the Rural Desktop software in response to growing demand for a lightweight alternative to standard rural valuations, which require full inspections, lengthy turnaround times and complicated reports. CoreLogic Head of Product Tim…
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Confidence steady for NSW property industry
The latest ANZ/Property Council Survey has shown NSW property industry confidence decreased slightly overall mainly due to concerns over worsening macroeconomic conditions and a reduction in forward work expectations. NSW property industry confidence has decreased 10 index points from 126 to 116 over the quarter and has fallen four index points over the 12 months…
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Guesty partners with Lugless for friction-free holiday baggage handling
Guesty, the property management platform that simplifies the complex operational needs accompanying short-term rental management, today announced it has raised $35M in Series C funding, led by Viola Growth with participation from Vertex Ventures, Journey Ventures, Kingfisher Investment Advisors, La Maison Compagnie d'Investissement and existing investors, TLV Partners and Magma Ventures. The round more than doubles the company's…
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Which cities worldwide are at greatest bubble risk?
A global study of real estate bubbles has revealed a bubble risk or a significant overvaluation of housing markets in half of all evaluated cities. Bubble risk appears greatest in Munich, followed by Toronto, Hong Kong and Amsterdam, according to the UBS Global Real Estate Bubble Index 2019, a yearly study by UBS Global Wealth Management’s Chief Investment Office. Frankfurt,…
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Laing+Simmons opens first Newcastle office
Laing+Simmons opened its first office in Newcastle this week, with the team formerly known as Nest Realty Group embarking on its next phase of growth under a new boutique brand. Local real estate veteran Michael Barber will lead the team at Laing+Simmons Newcastle Central with growth – and recruitment – on the agenda. He’s joined by Angela Barber, a highly-experienced…
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RE/MAX opens office in Stones Corner Brisbane
Award-winning Brisbane real estate sales executive David Cotterill has launched his own business while remaining with the global RE/MAX brand. Mr Cotterill is considered one of Australia’s leading experts in property strategy and delivery, and RE/MAX Experience Property is in a prime corner location at 411 Logan Road, Stones Corner. “I have happily been a conjunctional agent with RE/MAX Australia…
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Triple threat as brothers join Ray White Werribee
Continuing in the tradition of being proudly family owned and run, Ray White Group has recently welcomed three brothers on board in Werribee. The Krnjeta brothers – Robert (Partner/Auctioneer), Petar (Agent/Auctioneer) and Alex (Sales Associate) – said it was the company’s family values that attracted them to the business. “One of my key reasons for making the move to Ray White…
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Finalists announced for 2019 REA Excellence Awards
REA Group has announced the finalists for this year’s Annual REA Excellence Awards (AREAs), to be held in Melbourne on Thursday 14 November 2019. The AREAs honour the most innovative, community-minded and highest-achieving individuals and businesses in the property industry (residential, commercial, project developers) and media industry. There will be 21 awards in total presented…
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The Agency strengthens position after raising $4.5m capital
The Agency is predicting a strong financial future ahead after raising $4.5 million as part of a share entitlement offer. Announced in July, the offer saw each eligible shareholder entitled to apply for a further four shares based on every seven shares held. They were also provided with one free attaching listed option for every two shares subscribed for and…
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The RBA cuts rates to 0.75 per cent
The Reserve Bank of Australia has cut official interest rates by 25 basis points to a record low of 0.75 per cent. Going into the meeting of the RBA, markets were predicting that there was a 79 per cent chance that there would be a rate cut at the October meeting. This year, the RBA has cut rates three times,…
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House prices are booming again in Melbourne and Sydney
House prices across the nation have seen their biggest jump since March of 2017 in what is a return to boom times for many capital cities. Once again Sydney and Melbourne led the way, both jumping 1.7 per cent for the month of September, while Canberra was the other strong performer leaping 1 per cent, according to the latest data…
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Harcourts International strengthens leadership with new CEO appointment
Global real estate franchise group, Harcourts International, today announced the appointment of Steve Caradoc-Davies as Chief Executive Officer to lead the 132-year-old company into the next era. Mr Caradoc-Davies will take over leadership of the 900-office network and approximately 10,000 team members in nine countries, from Mike Green, who takes on a new focus within the business. Both…
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September springboard into commercial action
Brisbane commercial real estate agent Deepen Khagram has concluded the first month of spring 2019 with settlement on a $3 million-plus strawberry farm, which followed his $7 million-plus sale of a service station earlier in the month. “September certainly has been active with interest from commercial property investors,” Mr Khagram said. “I’ve had a great deal of enquiry from buyers…
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Abbie Galvin announced as first female NSW Government Architect
Planning and Public Spaces Minister Rob Stokes has announced the appointment of Abbie Galvin as the 24th NSW Government Architect. “I’m delighted Ms Galvin will be our new Government Architect and the first woman to hold the position since it was created more than 200 years ago,” Mr Stokes said. “The Government Architect has been one of the state’s most…
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Resellers continue to see healthy profits
Resellers of homes continue to make healthy profits right across the nation, with 9 out of 10 properties making their owners a profit when resold. According to the latest Corelogic Pain and Gain Report, 87.1% of properties resold in the June quarter achieved a higher sale price compared to their original purchase price. As has been the case recently, it…
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Belle Property expands to Jervis Bay
Belle Property has welcomed a new team to its ranks to better service the growing demands of the property market in the NSW South Coast. Under the leadership of Principal, Loretta Nelson, Belle Property Jervis Bay will open with a high-performing sales team, alongside a strong rent roll consisting of several waterfront holiday properties. “Our move to Belle Property is…
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Ray White Rural SA set for October auction bonanza
Smitham's', Hart. BUYERS have a wonderful opportunity to snap up one of eight varied and exciting rural properties going under the hammer in October as part of Ray White Rural SA's spring auction bonanza. Potential sellers have been watching the growth in farming land values in SA over the past two to three years and…
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New regulator appointment vows to protect Queenslanders
An award-winning and prominent builder with a lifetime’s experience and expertise in building and construction has joined the Queensland Building and Construction Commission (QBCC) as the new Assistant Commissioner – Technical. Yvonne Pengilly has had an extensive career in the industry from subcontract brick and blockwork to a company director overseeing high end resort and multi-storey apartment developments. Ms Pengilly…
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Sydney CBD strata office sales top $100M for first half of 2019
Sydney CBD strata office volumes for the first half of 2019 continued to be robust, with $101.77M recorded in sales, according to Ray White’s latest Between the Lines* research. Ray White Commercial NSW Associate Director Samuel Hadgelias said overall fundamentals of the Sydney CBD office market remained strong, but the overarching demand levels for purchasing strata stock were starting to show…
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Millennials struggling to leave home, according to affordability report
The ongoing affordability crisis is entrenching a generation dependent on parents for housing, with the number of Millennials giving up hope of moving out of home by 30 years of age surging, according to CoreLogic’s Perceptions of Housing Affordability report for 2019. The report identified the proportion of Australians who think they will be at least 30 years of age…
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Rural agent invited to gala awards dinner in the capital
Award-winning Ray White Parkes agent Kim Watts was recently invited to the AgriFutures Rural Women’s Award Dinner at Parliament House in Canberra. Ms Watts said she met lots of people in the rural space at the awards, which were set up to acknowledge and support the essential role women play in rural industries, businesses and communities. The awards provide a…
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