Real Estate News
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@realty move into Tasmania
@realty has launched in Tasmania, giving the company a presence in every state and territory in Australia except the Northern Territory. The agency has secured licensing to expand into Tasmania, and launched a recruitment drive, enticing agents with its unique model that allows the opportunity to choose where they work, and own 100 per cent of their rent roll. Headquartered…
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DiJONES opens private rooms for parents across all NSW offices
DiJONES real estate has now opened a private room at all of their offices across NSW to allow mothers to breastfeed, and parents to change nappies and heat up food. DiJONES General Manager Kylie Walsh was frustrated with continuously watching parents sitting on the floor outside of public toilets trying to feed and change their babies, so a few years…
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Ray White Norwood steps in to avert a “grinding” halt
Most real estate agents will tell you about the value of getting involved in their local community. In South Australia, Ray White Norwood recently took that commitment to a whole new level when they stepped in to assist after a workplace accident saw their favourite café “grinding” to a halt. Ray White Norwood principals Jason Spagnuolo and Sam Brincat explain…
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Housing affordability improves while rental affordability declines: REIA
Housing affordability marginally improved across the country in the March quarter of 2019 with the exception of the Northern Territory, according to research from the Real Estate Institute of Australia and Adelaide Bank. REIA President Adrian Kelly said the March quarter 2019 edition of the Adelaide Bank/REIA Housing Affordability Report found New South Wales had the largest improvement in housing…
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Richard Shalhoub returns to McGrath
Prestige agent Richard Shalhoub is to return to McGrath after the company announced it has entered into an agreement to acquire Mr Shalhoub’s business and assets in Sydney’s CBD and northern CBD harbourfront market. The total consideration is expected to be approximately $1.6 million and will be settled in cash, with the binding agreement expected to be completed in early…
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Stanton Hillier Parker relaunches Australian real estate arm
Stanton Hillier Parker has announced it will re-open its real estate arm in Australia. The business will be under the guidance of new management, offering boutique property advisory services to a diversified range of clients Australia-wide. Stanton Hillier Parker was originally formed via the merger of Hillier Parker, first established in 1896 in the United Kingdom, and Stanton & Sons…
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UniLodge signs with Cohort Go to simplify student accommodation payments
International edtech company Cohort Go has partnered with UniLodge Australia to roll out custom-built payments software that will make it easier for students to pay for their accommodation. UniLodge, a specialist accommodation provider for universities, colleges and TAFEs, manages over 70 properties across Australia. The partnership enables UniLodge to eliminate manual reconciliation of fortnightly student payment records, thanks to the…
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RBA cuts cash rate to 1.25 per cent – industry reacts
In what was a widely expected move, the Reserve Bank of Australia has cut the cash rate to an all-time low of 1.25 per cent. At their monthly meeting on June 4, the Board elected to lower the cash rate by 25 basis points, explaining the decision was aimed at supporting employment growth and providing greater confidence that inflation would…
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Queensland wins LJ Hooker ‘Real Estate of Origin’
As the Blues and Maroons prepare to don their jerseys and take to the field in Brisbane, Queensland has already been declared the victor in the LJ Hooker ‘Real Estate of Origin’. Head of Research, Mathew Tiller analysed the property market data from both states to compile the battle for open homes and auctions between QLD and NSW, and found…
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Sales activity falls in all Australian regions: CoreLogic
The latest CoreLogic Regional Report reveals challenging property market performance across Australia’s regions, with falling sales activity in the 12 months to February 2019. Commenting on the regional report findings, CoreLogic research analyst Cameron Kusher said: “The regional markets are taking their lead from the capital cities, with the annual rate of value growth winding down across most regions. While…
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Hamish Mill wins 2019 Domain Golden Gavel Award
The Society of Auctioneers & Appraisers has recognised the best auctioneers and appraisers in South Australia at the Domain Golden Gavel Awards. Held in Adelaide, the night saw the organisation present awards for categories such as ‘Top Real Estate Auctioneer’ and ‘Top Principal Auction Marketer’. Among the list of winners was Harcourts Williams sales consultant and auctioneer Hamish Mill who…
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Leading Ayr real estate firm chooses Raine & Horne to support rapid growth
Anderson Real Estate of Ayr in North Queensland has partnered with Raine & Horne in a bid to take the growing operation to the next level. Established in 2013, Anderson Real Estate is an independent property management business run by former financial planner Peter Andersen, his wife Nora and their daughter Laura. “We have grown our property management business both…
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Leasing activity up 13 per cent in May: REIWA
New reiwa.com rental data has revealed Perth tenant activity increased 13 per cent in May, with 4,316 properties leased during the month. REIWA Deputy President Lisa Joyce said activity in the Perth rental market had enjoyed a strong rebound this month, following a more subdued April. “In May, the suburbs that saw the biggest spike in leasing activity were Warnbro,…
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Ray White has a new office at Sydney’s Ramsgate Beach
The Ray White Group has welcomed the expansion of the Brighton-Le-Sands team, with a new office now open at Ramsgate. Principals Peter Tsekenis and Elia Economou welcomed the office opening, noting an increased southern Sydney footprint had been their goal in recent years. “For at least the last three to four years we were planning to expand the business. Our…
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Housing downturn losing steam: CoreLogic
The CoreLogic May 2019 home value index results have shown national dwelling values were down 0.4 per cent, the smallest month-on-month decline since May 2018. Although at a broad level dwelling values are still trending lower across the regions of Australia, the pace of declines eased further in May, continuing a trend that has been evident since the beginning of…
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End to part-time work for commission-only employees
Part-time commission-only real estate employment is set to be phased out following a recent decision from the Fair Work Commission (FWC). What has changed? Senior Employment Relations Adviser from Employsure, Sophie Joselyn said the Real Estate Industry Award 2010 was thrown into the spotlight during the FWC’s four-year review, which ruled that part-time commission-only employment was ‘neither useful nor relevant’.…
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REIQ hits the road for the ‘Real Tour’
The Real Estate Institute of Queensland (REIQ) is set to hit the road with an educational road-trip tour around regional Queensland. The ‘Real Tour’ is a day-long program of entertaining, educational sessions, closing with a fun networking session with all of the speakers. REIQ CEO Antonia Mercorella said the road trip was designed to bring the best of the REIQ…
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Harcourts announces top national performers
Harcourts Group Australia capped off its annual conference with a black-tie awards gala to celebrate top performers in residential and commercial sales, property management and business achievements. Julianna Forsyth Baker received the company’s top accolade by being inducted into the Harcourts Hall of Fame. Harcourts Group Australia CEO Marcus Williams expressed his pride in the network for their work over…
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Stone Real Estate debuts in Ballarat
Stone Real Estate has opened an office in Ballarat, Victoria with two well-known locals, Jarrod Cloke and Samantha Prince. Jarrod said Stone’s fresh modern brand is a perfect fit for the Ballarat property market. “This town is attracting so much interest from both buyers and investors that a sophisticated boutique agency like Stone is exactly what it needs,” he said.…
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LJ Hooker Avnu expands to Sydney’s Northern Districts
LJ Hooker Avnu has announced its expansion into Sydney’s Northern Districts with the appointment of agent Benjamin Mulae and his team. Benjamin said he was attracted to LJ Hooker Avnu because of the efficiencies it will bring to him and his team. Joining Benjamin will be his associate agents Angie Wong and Martika Whitfield. “At Avnu my team will be…
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First National recognises more young leaders
First National Real Estate has recognised four more young Australians for their community leadership by presenting them with the First National Real Estate Leadership & Innovation Awards through the 2019 Seven News Young Achiever Awards. The winners announced across four states at separate awards functions included: Victoria – Yasmin Poole, 20, of Williamstown (First National Leadership Award) Yasmin is the…
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Raine & Horne welcome Newcastle mega-office
Raine & Horne has welcomed three independent Newcastle offices in Mayfield, Wallsend and New Lambton. In combination, the three offices have sold 6,000 properties since 2001. Raine & Horne Executive Chairman Angus Raine said the Newcastle mega-office is also one of the region’s foremost property managers, managing 1,500 rental properties. “Strategically, the Hunter is among our fastest growing regional growth…
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Belle Property launches in Cronulla with family-run team
Belle Property has launched into Cronulla, opening a new office under the leadership of veteran agent and Principal, Frank Sotto. Frank has worked in real estate for many years across various brands, and takes on this new role alongside his wife and son. “When we moved to the Shire, we realised we needed to be providing a higher level of…
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Top 10 Takeaways from AREC 2019 – Day 1
Todd Duncan – High trust selling Takeaway 1: “When you create trust, have confidence, and connect emotionally, you have less pricing pressure and greater sales growth.” In a keynote speech on high-trust selling that covered everything from confidence to finding the right clients, US sales entrepreneur and real estate broker Todd Duncan noted trust was an agent’s “superpower”. “Trust is…
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Lessons from Purplebricks: A New Zealand perspective
After two-and-a-half years of trading in Australia, the UK-based real estate start-up Purplebricks announced on 7 May this year that it was exiting the market. There is a lesson here for the real estate industry generally, and not just in Australia. It’s a lesson in real estate modelling. Take notice of what happens when the discount model comes to play…
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Buxton Hampton East welcomes return of Alex Spanidis
The return of Alex Spanidis has strengthened the team at Buxton Hampton East. Having previously worked at the office for 13 years, Alex is a distinguished agent and auctioneer with almost 20 years experience, particularly in Melbourne’s bayside suburbs. Buxton Hampton East Director Adam Gillon said the office is thrilled to be welcoming him back to what is already an exceptional team.…
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Barry Plant boosts regional expansion with Benalla office
The Barry Plant Group has expanded to the regional town of Benalla after signing an agreement with local Director and agent, Brenda Letson. Brenda said she chose to join the Barry Plant Group because of their commitment to an optimum client experience and long-term client relationships. “They also have an extensive training program across all aspects of real estate which…
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Top takeaways from AREC 2019 – Day 2
Barbara Corcoran – The common traits of great superstars Takeaway 1: “Real estate is an entirely fair business. The better you are, the more you are paid. You are not getting anything you don’t deserve.” Day 2 of AREC kicked off with a lively satellite presentation from New York real estate queen Barbara Corcoran, who offered her insight into trust,…
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New leadership for Savills Project Management
Savills Australia has announced the appointment of Ken Ng as new National Head to lead its Project Management division. Ken is charged with the position after 15 years with Savills, having joined the team as a Project Director in 2010 when the business acquired Incoll. He was appointed to Queensland State Director in 2015 and Savills Australia CEO Paul Craig said…
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RE/MAX Principal sheds locks for cancer foundation
RE/MAX ‘Go For Sold’ owner Pamela Lee Burge has graciously sacrificed her locks in the name of a good cause. Based in Palmerston North in New Zealand, Mrs Lee Burge had her head shaved by local radio personality ‘Burnzee’ at the RE/MAX Go For Sold’s fourth annual Pink Ribbon Breakfast for Breast Cancer Foundation New Zealand on May 25. When…
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Colliers International appoints new leader for Western Sydney growth
Colliers International has appointed market leading commercial real estate expert Frank Oliveri to lead its ambitious growth plans in Western Sydney. Mr Oliveri joins Colliers International from CBRE, where he was the Managing Director for the Western Sydney, North Sydney, and South Sydney offices. He has spent the past 11 years specialising in investment sales within the Western Sydney and…
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Finalists for national property management awards announced
The nation’s top property managers have been revealed, with 60 contenders listed as finalists in the PPM National Property Management Awards. The awards are renowned as the property management sector’s ‘night of nights’ and this year’s event will take place on 23 June on the Gold coast, in conjunction with the PPM Group’s National Property Management Conference. More than 120…
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Agents safer in the field thanks to ground-breaking technology
Fully integrating workforces in the field with head office management and keeping tabs on vehicles and assets has always been problematic. Inputting operational field data into IT systems has been mired by the lack of real-time information, often being reliant on paper forms and regular data entry. It also comes with problems like non-compliance, inaccuracies, and week-long delays, leaving management…
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Transforming after the storm
Two years ago Gardian Real Estate sales consultant Leanne Druery was crowned the winner of Transform 2017, but the gong didn’t come without its challenges. After the win, she shared the inspiring story of her decision to return to the industry following the loss of her husband to pancreatic cancer. Now, Leanne continues to prove there is no substitute for…
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Five suburbs set to lead Sydney price rises
Analysis by a Sydney buyer’s agent has revealed five leading-indicator suburbs set to be at the forefront of price gains during the city’s next growth cycle. Principal and buyer’s agent at Buyers Domain, Nick Viner, said by studying the data and applying on-the-ground knowledge, he has identified locations he considers beacons of overall price rises. “The facts are that certain…
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