Real Estate News
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How to sell a property every 1.7 days: Tom Hector
At the age of 28, Tom Hector is already a veteran in the industry. He got his big break when he was still a teenager, winning the 2008 South Australian Auction Idol competition, and has never looked back. Having pressed pause on the plumbing apprenticeship he took up after leaving year 12, his success in the industry means he is…
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Buxton and Beller form formidable partnership
Two of the most established companies in Victorian real estate, Buxton and Beller, have announced they will join forces under the Buxton brand. The Beller Group’s Windsor office, founded in 1994 and led by Beller Group Director Andrew Fawell, will on July 1 become Buxton Stonnington, bringing the company to a total of 24 offices across the state. While the…
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More borrowers enticed to commit to a fixed term: Mortgage Choice
Demand for fixed rate home loans is on the rise as rates hit all-time lows and lenders target borrowers with aggressive discounting. According to Mortgage Choice’s national home loan approval data, fixed rate loans accounted for 22.47 per cent of all home loans written in May, and 21.81 per cent of all loans written in the past 12 months. Mortgage…
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Barry Plant achieves 15 straight years of ‘Highly Recommended’ customer service status
For 15 years running, the Barry Plant Group has achieved an elite benchmark with every Barry Plant office receiving a ‘Highly Recommended’ status for excellence in customer service. The Barry Plant Croydon office led by Matt Jinks and James Brougham were also recognised as the overall National Winner at the 2019 Australian Achiever Awards with a near-perfect score of 99.86…
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Three reasons this is the Best Real Estate Website in NZ
The way you present your agency website to both buyers and sellers is just as important as the way you present a home to potential buyers. At least that’s the belief of Mike McColl, Managing Director of New Zealand-based International Realty, who recently took out the award for Best Real Estate Website in New Zealand at the Asia Pacific Property…
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Brisbane agent ranked 9th commercial agent globally
An impressive 30 entries from Australia and New Zealand have made real estate giant RE/MAX’s Global Top 100 lists for the 2019 first quarter, with one Aussie agent ranking in the top 10. Brisbane-based commercial real estate specialist, Deepen Khagram came in at ninth spot in the Global Top 100 Commercial Agents list. Mr Khagram specialises in services stations and retail developments,…
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Architectural gem smashes North Lakes suburb record
A spectacular architecturally-designed home in Brisbane’s north has smashed the suburb record for North Lakes, selling at pre-auction for $1,550,000. With incredible views overlooking the prestigious North Lakes Golf Resort, 16 Kennedy Court boasted a one-off design by McCarthy Homes on a large 832sqm block. The property was marketed and sold by Ray White North Lakes Principal Darren Suhle, who said it…
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Port Macquarie and Crescent Head win big at Elders National Awards
Two NSW-based agencies run by Principal David Gray took home a record number of awards at the Elders National Awards recently. Elders Real Estate Port Macquarie and Elders Real Estate Crescent Head were recognised for their amazing performance in sales, growth and property management. They have gone from strength to strength in recent months, acquiring several new offices and bringing…
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Airbnb property management startup Hometime just scored $6 million from a new VC fund that offers debt
Sydney-based Airbnb property management services company Hometime has landed a $6 million debt and equity funding deal with Australian technology venture capital firm OneVentures. It’s the first deal from the new $100 million OneVentures Fund, launched less than 12 months ago. The fund is a partnership between OneVentures and Viola, the technology-focused Israeli venture credit fund. It’s also one of…
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BresicWhitney to introduce new auction fee model
Sydney property group BresicWhitney is looking to save sellers when it comes to auction fees, introducing a new model which sees them only pay to secure an auction date rather than foot the bill for full auction fees up-front. The move is aimed at alleviating what BresicWhitney says is a big cost for sellers going to market. Rather than paying…
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Perth home sets $4.73m sale record for online auction
A luxury Perth home has become the highest value property ever sold through the online auction platform, Openn Negotiation, with a winning bid of $4,727,776. Caro Cunningham from Mint Real Estate was the agent behind the record-breaking sale and says her sellers of 142A Victoria Avenue, Dalkeith are beyond happy with the result: “Selling in 20 days and above reserve…
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Reed & Co event in Noosa raises over $100K for children’s hospital equipment
Noosa’s Reed & Co Estate Agents has played an instrumental role in raising more than $100,000 to purchase vital paediatric medical equipment for the Sunshine Coast region. The impressive tally was the result of the company’s inaugural Charity Gala held on Saturday, 15 June at Noosa Waterfront Restaurant. The event was conducted in collaboration with the LOYAL and Humpty Dumpty…
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WA to host Home-Grown Heroes real estate conference
West Australian agents are set to enjoy a real estate conference specifically tailored for their needs, courtesy of the Home-Grown Heroes conference on August 14. To be held at Crown Perth, Home-Grown Heroes is a conference that focuses on local West Australian real estate agents who are making their mark. The event was inspired by real estate coach and agent…
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Budget supports growing communities despite tightened purse strings
Treasurer Dominic Perrottet’s third NSW Budget delivers a record infrastructure spend, strong spending in health and education and a solid outlook for growth despite reduced stamp duty revenue, according to Property Council of Australia. A smaller surplus of $802 million in 2019-20 and averaging $1.7 billion in forward years, has produced a sensible budget, one that is a product of…
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Clock’s tickin’ – Qld and SA in recovery as NSW continues its decline, according to Herron Todd White
The Sunshine Coast and Bathurst are among areas sitting at the top of the property clock, bucking a trend which sees most of New South Wales in a steady decline, while much of regional Queensland begins its recovery. These are the latest insights from independent valuation and advisory firm Herron Todd White who also had some good news for much…
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Ray White welcomes high performers James Levy and David Beveridge
Two of the highest performing agents on the Upper North Shore of Sydney have joined the award-winning team at Ray White Upper North Shore. With a combined 34 years’ experience in the industry, James Levy and David Beveridge have become two of the Upper North Shore’s leading agents. Having both worked at separate local agencies, Mr Levy and Mr Beveridge…
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RE/MAX announces its top global performers
Global real estate giant, RE/MAX, has just announced its top performers for the 2019 first quarter, with a staggering 30 entries from Australia and New Zealand in the Global Top 100 lists. “Here the designation ‘Global’ represents all agents outside of the United States and Canada,” explained Michael Davoren, Managing Director of RE/MAX Australia and RE/MAX New Zealand, “which is…
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The Agency achieves significant growth
The Agency Group has reported continued growth, notching up $402 million worth of property sales in April and May, and $34.8 million in year-to date Gross Commission Income (GCI) to the end of May, 2019. West Coast operations, which incorporate The Agency and SLP brands, achieved the highest GCI of $1.3m in May, while the group delivered a total of…
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Bryce Bevan named REINSW’s top novice auctioneer
It was sheer determination that got Bryce Bevan over the line as he and more than 25 other novice auctioneers made their bids for the 2019 REINSW Novice Auctioneers Competition. Mr Bevan, a Bloodstock Consultant with Inglis, was crowned the champion in front of excited bidders, supporters and industry leaders at Sydney’s iconic Customs House recently. “I’m absolutely ecstatic to…
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Wilson launches apartment-focused agency
Multi-award winning Real Estate Agent and entrepreneur Adrian Wilson has launched a new, innovative apartment-focused agency in Sydney City. Ayre Real Estate offers specialised services to the premium apartment market – an area which Mr Wilson believes has significant opportunity for improvement in the level of service, quality of marketing and specialist advice. “Buying, selling, renting or investing in apartments…
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McGrath predicts $6.5 million loss, appoints new CFO
McGrath Limited has announced the appointment of a new Chief Financial Officer as the company faces further losses in the final quarter of FY2019 if weak market trends continue. The company expects a full year EBITDA loss of up to $6.5 million for the year ended June, 2019, following on from an EBITDA loss of $4.5 million for the eight…
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REIWA calls for WA to take action and abolish stamp duty
REIWA has welcomed Productivity Commission Chairman, Michael Brennan’s recommendation for state governments to abolish stamp duty and has strongly urged the Western Australian government to take action. REIWA President Damian Collins said stamp duty was an inefficient tax and one of the biggest imposts to home ownership. “Despite WA currently being the most affordable state in the nation, many still…
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Stone Real Estate launches third Hunter Valley office
Boutique agency Stone Real Estate is expanding in the key New South Wales market of Hunter Valley, with the addition of a third office in the region. Stone Real Estate Kurri Kurri opened this week, just over a year after the launch of Stone Hunter Valley and Stone Lake Macquarie. Principal of all three Stone Hunter Valley offices David Tanchevski…
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Dream come true for new RE/MAX Coast owners
A well-known Gold Coast real estate couple have taken over ownership of RE/MAX Coast, formerly Hartnell Realty, with big plans to move the business forward while retaining its family ties. Kevin and Lisa Brown said it was their dream to establish their real estate business in Ashmore, where their family (including nine-year-old twins and an almost-eight-year-old) has lived for 15…
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Sotheby’s International Realty expands in Western Australia
On the back of highly-successful senior sales roles, Meryl Carter has been announced as new Director of Sotheby’s Riverside location in Western Australia. Ms Carter said her extensive experience, including working with luxury brands such as Bombardier Business Jets and in numerous sales director and general management roles in global firms, stands her in good stead for the new position.…
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Stars align for new RE/MAX Pokeno owners
An agent who made ‘Rookie of the Year’ in her first 12 months with RE/MAX has taken over ownership of the Pokeno office, bringing her passion for the local community to the business. Lisa Walden, who is now in her fourth year with RE/MAX, along with her husband Kevin, launched RE/MAX Stars at 68 Great South Road on 1 June…
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Top sales performers recognised at the C21 Convention
At its annual Australasian Convention, Century 21 inducted Nickolas Dilles to its Hall of Fame and recognised top performers from within its network. Hamilton Island was the location of the 2019 Century 21 Convention, which saw attendees from across the business come together for three days of motivation, training, and networking. A key part of the convention was to recognise…
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Partnership gives renters a fair go with bond
Renters will be empowered with greater financial flexibility and convenience when funding their next rental bond thanks to a joint venture between Australia’s leading rental property website and a finance company. Fair Go Finance has partnered with rent.com.au to develop and fund convenient financial products aimed at more than 600,000 renters who visit RENT’s App and website each month. The…
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Agency director Sophie Lyon wins $60,000 to reinvent the rental experience
realestate.com.au has announced Jellis Craig Hawthorn Director, Sophie Lyon, is the winner of the inaugural Real Ideas Prize. The nationwide competition saw real estate industry professionals reimagine the rental experience in Australia and had a total prize pool of $100,000 up for grabs. Ms Lyon pitched ShowMeNow – an Uber style concept designed to make it easier for tenants looking…
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Don’t run the risk of having to pay for company debts yourself
Recent changes to company tax obligations could put company directors at increased risk of being personally liable for the Superannuation Guarantee Charge (SCG), according to legal experts Meyer Vandenberg Lawyers. They explain amendments to the Commonwealth legislation in April have extended the enforcement measures and decreased the reporting timeframes for a company’s SCG obligations. Meanwhile, further proposed legislation could have…
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Simon Norris elected National President of the HIA
Housing Industry Association (HIA) National Vice President Simon Norris has been elected the industry body’s President following the recent departure of Pino Monaco. Mr Norris boasts more than two decade’s association with the HIA, including a former stint as Queensland President. “Simon’s involvement with the HIA has spanned over 20 years, in various roles including as Queensland Executive Committee member,…
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Short term growth forecasts for affordable suburbs
New research by research group sellorhold.com.au has uncovered 15 affordable suburbs around Australia, where they say buyers are tipped to make at least $50,000 in three years after offloading underperforming properties elsewhere. Head of Research Jeremy Sheppard said low growth forecasts were common in a number of suburbs in Darwin and Perth, which means that investors would likely be better…
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Crown Group property developers’ sales rebound
Australian property developer Crown Group says the Reserve Bank’s latest rate cut is welcomed by developers and is seeing a return of confidence among home buyers and property investors. Chairman and Group CEO Iwan Sunito said he had seen a surge in both confidence and buyer activity in the past two weeks, as a result of the federal election outcome.…
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Local heroes honoured in community campaign
Laing+Simmons has revealed its 10 Real Heroes: the coaches, carers, volunteers and regular Aussie battlers who have each now received $5,000 as part of the company’s campaign honouring the ‘unreal efforts of real people’ in the community. The Real Heroes campaign saw Laing+Simmons give away $50,000 to 10 local heroes in the community after receiving hundreds of nominations from across…
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The best of the best on show at AREC’s Australasian Auctioneering Competition
After the resounding success of last year’s inaugural competition, the AREC Australasian Auctioneering competition has now established itself as an integral part of the Australian Real Estate Conference. Under the direction of AREC founder John McGrath, the competition was judged by an independent panel of four, who awarded the AREC 2019 Australasian Auctioneer to New South Welshman, Jason Andrew from…
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