Real Estate News
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REIA responds to Opposition’s start date for negative gearing and capital gains tax changes
The REIA has reiterated its strong opposition to the Labor Party’s negative gearing and capital gains tax policy, following the announcement that 1 January 2020 would be the start date for their negative gearing and capital gains tax increases if they were to win the federal election. “The REIA has always been concerned with the impact the policy would have…
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Stone Real Estate expands into Albury Wodonga
Stone Real Estate has expanded further into regional areas with the opening of Stone Albury Wodonga, on the border of New South Wales and Victoria. The new office is led by established local agents Craig and Kelly Huckel, who had initially intended to start an independent agency before the Stone brand caught their attention. “It’s a very city looking brand and…
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Brisbane defies falling house prices: REIQ
Figures from the latest REIQ Queensland Market Monitor have shown positive signs for Brisbane as the city closed out 2018 with a median house price growth of 1.1 per cent. According to REIQ CEO Antonia Mercorella, a rise of this kind for this market means Brisbane is really performing the best out of the three largest capital city property markets. However, she did…
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Century 21 opens a new office in Balwyn, Victoria
Century 21 has expanded its Victorian network with Century 21 Reach. Located in Balwyn, 10km east of Melbourne’s CBD, the office is led by Principal Gilbert Ng, who brings to the brand 20 years’ of industry experience. Century 21 Reach will specialise in both residential and commercial property, and Mr Ng states that he is more than ready to take on…
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Community forum tackles post-flood real estate market
More than 50 Townsville residents attended a community forum on the Townsville property market post-2019 floods, hosted by local sales specialist Michele Hyde, from RE/MAX Excellence and Brisbane real estate business owner and agent Martin Hood. The free information event was organised to help residents deal with what has been happening in real estate since the February floods, which left well…
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Ray White Commercial analyst recognised in ‘500 Women in Property’ program
Ray White Commercial NSW analyst Ellen Feng has been recognised in the Property Council of Australia’s (PCA) 500 Women in Property program. The initiative involves a personal commitment from PCA members to champion women in their organisation or business sphere who they believe would benefit from further networking, profiling and professional development opportunities. Ms Feng, who has been an analyst…
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Colliers International ACT to expand with a new office in the Civic Quarter
After recently taking out the 2019 Real Estate Institute of Australia Commercial Agency of the Year, Colliers International ACT has outgrown its current office space and will move into the A-Grade Civic Quarter (CQ) when it is completed later this year. “Our business has continually performed strongly year-on-year and this has allowed us to continue to welcome new members to…
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Peer to peer office space market gets a reboot
Australian PropTech disrupter Rubberdesk recently announced the relaunch of its peer to peer marketplace for businesses. Through the platform, businesses are able to earn money by renting out their spare office space on a monthly basis. The platform currently has over 15,000 spaces available to rent, with the relaunch adding extended three-, six- and 12-monthly rental terms, online payment processing…
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Rod Leaver appointed CEO of Knight Frank Australia
Stephen Ellis has announced he will be retiring from Knight Frank Australia, effective 30 June, with Rod Leaver taking the position as Chief Executive Officer on 6 May 2019. Mr Leaver will report to Kevin Coppel, Managing Director, Asia Pacific. Since returning to Australia in 2016, Mr Leaver has been advising groups on real estate strategy, portfolio governance and urban…
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Ray White WA hold half-yearly awards
Ray White Western Australia held their half-yearly awards on 22 March at local venue Steve’s in Nedlands, honouring the top performers across sales and property. Vivien Yap of Ray White Dalkeith | Claremont was the big winner of the evening; she was named the Top Selling Principal in Western Australia and received accolades for the Top Office and Top Marketing…
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Hello Alfred, can you find me a cleaner?
Everyday we hear about a new platform which is leading the charge in making property management easier. Earlier this week, Hello Alfred announced an in-app assistant program which sets up building managers to a range of services for easier up keep. The Hello Alfred app provides apartment residents with on-request services from cleaning, grocery delivery, prescription refills and tech support,…
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Less than a week to go to submit your game changing idea: Real Ideas Prize
There is only less than a week to go before the entries for the Real Ideas Prize, hosted by realestate.com.au, closes. The Real Ideas Prize is a unique ‘shark tank’ style competition for anyone in the real estate industry to pitch an idea- no matter no big or small- to go in the running to win a share of $100,000…
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Ray White commercial duo maintain a perfect auction rate
Ray White Commercial Gold Coast property specialists Jared Johnson and Lachlan Marshall are leading the charge to maintain a 100 per cent success rate under the hammer, selling $16.7M worth of assets across nine auctions in just four months. The duo have achieved a 100 per cent success rate under the hammer in 2017, 2018 and 2019, and have visions…
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RE/MAX Revolution expands in New Zealand
With its new name and a refreshed look, RE/MAX Revolution Howick comes as an exciting business expansion for Don Ha. The well-known Auckland real estate identity, who opened his first RE/MAX Revolution in Papatoetoe last year, has now expanded in the eastern suburbs of Auckland with a new RE/MAX Revolution office in Howick. RE/MAX Revolution in Howick will specialise in…
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National Australia Bank removes home loan spotters’ fees
The National Australia Bank has announced they will be terminating their ‘Introducer’ payments program, which some finance commentators have dubbed spotters’ fees, effective 1 October 2019. According to the bank’s Chief Executive Officer, Philip Chronican, it is a priority for NAB to keep improving and changing to be a better bank. “Through the Royal Commission we heard clearly that our…
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What US$1 million buys you around the world: Knight Frank
The Wealth Report 2019, released this week by Knight Frank, reveals how much US$1 million can buy in prime cities around the world. The aim of the report is to approximate values for luxury properties globally, the study compares how many square metres of luxury internal floor space can be purchased with US$1 million as at 31 December 2018. Monaco…
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@realty have welcomed North Brisbane agent Patrick D’Arrigo to the team
Patrick D’Arrigo has made the switch to @realty in North Brisbane, having achieved $30 million in sales over the past 12 months. Mr D’Arrigo said he was excited to be joining the @realty team and looks forward to continuing his work in the Warner, Joyner and greater Moreton Bay region. “Working with @realty gives me the opportunity to offer more…
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McGrath have opened the doors to their newest office in Ballarat
Real estate group McGrath Estate Agents, a division of McGrath Limited (ASX:MEA), today announced the opening of an office in Ballarat. Reflecting the company’s desire to expand further into key areas in regional Victoria, this move follows McGrath opening its first regional office in Geelong in 2017. Founder and Executive Director John McGrath said that Ballarat is an important growth…
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REIWA launches ‘What about WA?’ campaign
In the lead up to the federal election, REIWA has launched its ‘What about WA?’ campaign, which aims to ensure Western Australia is not overlooked when election commitments concerning the real estate industry are made. According to REIWA President Damian Collins, the government has had a track record of applying blanket national policy settings, targeted at the east coast, without…
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Century 21 welcomes Warren McCarthy as their new CEO
Century 21 Australasia has announced the appointment of Warren McCarthy as their new CEO. Mr McCarthy, an industry veteran of 35 years has held senior roles with LJ Hooker (as CEO) where he was instrumental in growing the network across Australia as well as into India and South East Asia. More recently he was a member of the McGrath Group…
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First National announces WA General Excellence and Marketing Award winners
First National Real Estate’s Western Australian agents were presented with their General Excellence and Marketing Awards at Crown Perth on 23 March 2019. The awards recognised the best of First National’s WA agents throughout 2018, with the top 10 individuals and offices now vying for a national GEM Award, which includes an expenses paid trip for top 10 national award…
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OBrien Real Estate celebrates cultural diversity in the industry
Melbourne-based OBrien Real Estate, a boutique agency with a 27-office network of over 300 people, is strong on multiculturalism. On 21 March 2019, the group celebrated its diversity with a meeting recognising an important part of the group’s uniqueness. It was a special time to come together to appreciate one another’s values and differences. “The gathering of our people was…
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Traineeships for PMs to provide employer benefits through subsidies
The Property Management Academy of Australia (TPMAA) have announced that some of their graduates who are in some cases eligible for wage subsidies. TPMAA Director Jody Marsden said two students from this month’s graduating class had obtained financial support which would be directly payable to their new employer. “When I launched TPMAA, my goal was to train students to become competent property…
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Archer Strata Professionals appoints new CEO to manage growth strategy
One of Queensland’s strata management companies, Archers the Strata Professionals, has appointed a Chief Executive Officer to guide the company through a strata industry growth phase generated by the surge in residential apartment buildings. Archers, which has been at the forefront of the strata management sector in Queensland since it was founded in 1981, has ventured outside the strata industry…
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Nation’s capital dominates the REIA awards for 2019
The Real Estate Institute of Australia (REIA) announced the winners of the 14th National Awards for Excellence last night at a gala dinner held at Crown Perth on 21st March 2019. REIA President Adrian Kelly said the awards acknowledge and recognise the best of the best in Australian real estate. “More than 250 real estate professionals from across Australia converged…
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Negative Gearing reform will increase rents and decrease values: SQM
If Labor’s negative gearing policy is legislated in its current form, expect a rise in rental yields which will occur through a combination of falling house values and, eventually, a rise in rents. That’s the headline from an update to an SQM Research (SQM) research paper released in November 2018, modelling the proposed Labor Party changes to negative gearing that…
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New leadership and direction for Barry Plant Sunbury
An experienced leadership team, consisting of Simon Best and Maria Page, is looking forward to reinvigorating and refreshing the Barry Plant Sunbury office with a focus on enhanced customer service and communication. Simon Best, a 22-year veteran of the industry, is excited about the opportunity to engage with local vendors and buyers as Managing Director of the office to ensure…
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Canberra takes the mantle as Australia’s most liveable city
Melbourne has for many years been regarded as Australia’s most liveable city. However, new data from realestate.com.au and Ipsos reveals that, when it comes to how residents actually feel about where they live, Canberra comes out on top. The realestate.com.au Life in Australia report, powered by Ipsos, is the nation’s largest annual ongoing study of community values and liveability. The…
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Ray White Commercial reaches for the sky at 2019 Summit
More than 40 Ray White Commercial top performers from across Australia and New Zealand filled Hamilton Island’s Yacht Club as powerful interviews and specialist sessions took place for 2019’s Summit conference. Former Navy diver and shark attack survivor Paul De Gelder was a keynote speaker on the day and had the audience in the palm of his hand as he…
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Independent Property Group to hold a free seminar for first-home buyers wanting to break into the Canberra market
Independent Property Group has announced the launch of a free seminar, sponsored by Westpac Bank, for first-home buyers looking to break into the housing market in Canberra. The event will feature Will Honey, Principal at Independent Property Group Tuggeranong, Aimee Bergan and Nicole Kerli from Westpac Bank, as keynote speakers on the evening. The expert panel will cover everything concerning finance…
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Leon Lee and Jason Chen have merged with RE/MAX to create the newest RE/MAX ACPA office
Earlier this week, Leon Lee and Jason Chen merged their independent Point Cook real estate business with RE/MAX Australia to launch RE/MAX ACPA. “Joining the RE/MAX network was a conscious choice made on the value we can be to our customers,” said Mr Lee. “Being of value to the customer is at the heart of the real estate process, and…
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Deepen Khagram has taken out the number one spot as RE/MAX Australia’s top sales associate in February
Deepen Khagram, a commercial property specialist with an impressive track record, claimed the top position in RE/MAX Australia’s February ranking. Each month, RE/MAX Australia puts out its list of the national Top 20 sales individuals. Each individual in the Top 10 has settled in excess of $46,500 in gross commissions. Mr Khagram said he was proud to be the first…
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Realmark launch Momentum program for 2019 at Optus Stadium
Western Australian agency Realmark have launched their Momentum program for 2019. Created for agents and support team members, Momentum is an annual program designed for setting goals and mindset learnings for the year with check-ins throughout. This year the launch took place at the iconic Optus stadium with West Coast Eagles Head Coach Adam Simpson and player Josh Kennedy. “At…
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InfoTrack launches product to safeguard trust account details from cyber criminials
Tech company InfoTrack has launched a product called Securexchange to protect real estate agents, conveyancers and buyers from the threat of large financial loss during property exchanges. InfoTrack General Manager Lee Baillie says that the system has been specifically designed to prevent the intercepting of insecure emails which may include settlement bank account details. Instead of getting the correct account…
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Gavin Rubinstein sets his sights high as he sells $40M worth of properties in 14 days
In the middle of what many people are calling a lacklustre market, the director of The Rubinstein Group at Ray White Double Bay has just sold almost $40M worth of property across eight luxury homes in Sydney’s affluent eastern suburbs in 14 days. “March has started off really positive given the negative media commentary of late,” said Mr Rubinstein. “Although…
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