Real Estate News
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Kay & Burton announces new corporate structure
Kay & Burton have started 2019 with a change to their corporate structure, after a year of implementing new businesses and platforms in 2018. Major investments included the development of Kay & Burton Projects as a recognised player in high-end off-the-plan new developments. New sales and property-management businesses have also been launched in Armadale and Brighton to meet the needs of…
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Why agents are knocking at NOKK’s door
Like many start-ups, the idea was born from personal experience. NOKK co-founder Ben Voltz, a digital entrepreneur who also counts transaction platform ROKT as one of his successes, was struggling to find a home in his desired suburb of Albert Park in Melbourne. “There were only about 15 properties on the market, which is a very small amount out of…
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Top RE/MAX agent is sold on Cairns
It took a Cairns holiday and a visit with the RE/MAX Real Estate Services team to lure Tiffany Krause, one of RE/MAX Australia’s high achievers, to the region. Ms Krause began her real estate career just over a decade ago in a family real estate business before joining RE/MAX in December 2009. Since then she has established an enviable reputation…
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Australia named second least-affordable housing market in the world
The 15th Annual Demographia International Housing Affordability Survey shows Australia as the second most unaffordable market for housing, with New Zealand coming in third. The survey uses a measurement of ‘median multiple’ to rank affordability, which is found by dividing median house price by gross annual median household income. This method is the same favoured by the United Nations and…
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Ray White attracts star power in inner west
Superstar agent in Sydney’s inner west, Matthew Carvalho has just joined Ray White Erskineville | Surry Hills & Alexandria as an ambitious associate director with big plans for the future. Mr Carvalho is well known for his calm, friendly and patient style, plus he’s highly regarded for guiding his vendors through the sales process to achieve the best result. The…
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Respected agent Judi O’Dea joins Ray White
One of Queensland’s most respected and much-loved real estate agents, Judi O’Dea, has decided to make 2019 great and move her business to Ray White Paddington. With more than 15 years’ experience, Ms O’Dea was one of only a handful of agents to have been named on Queensland’s coveted A-List for five years in a row. Ms O’Dea, a former…
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Purplebricks launches new ad campaign, focuses on taking down ‘commission collectors’
Purplebricks Australia has today unveiled an advertising campaign led by media personality Barry Du Bois. The campaign encourages Australians to question the real estate industry’s ‘commission collecting’ model. Encompassing television commercials, digital banners and radio spots, the nationwide campaign challenges Australians to consider how they can get the best return when selling their home. Mr Du Bois, a television property expert,…
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Lambros Bollas joins the OBrien Real Estate network
Melbourne-based OBrien Real Estate is excited to welcome respected local agent Lambros Bollas to the team. Mr Bollas joins with more than 20 years’ experience in the industry to become a key member of the leadership team, working alongside director Max Martinucci. “The experience and expertise I can bring to the team is welcomed and I welcome the energy and…
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How to stop feeling out of control
Firstly, if you or your team are feeling stressed and overwhelmed, you are not alone. As someone who has worked in the industry for more than 30 years, I know this concern has been shared often by many principals and property management team members across the nation. The role of a property manager is extremely complex. The diversity of the…
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Over $57,000 to donated charity by The Harcourts Foundation this quarter
The Harcourts Foundation, the charitable arm of Harcourts Group Australia, have donated a total of $57,386 across Australia to benefit charities serving the communities where Harcourts employees live and work. “During 2018, a total of $311,652 was granted by The Harcourts Foundation to a long list of community charities,” said Julia Eyles, The Harcourts Foundation Coordinator. “Starting off the new…
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Ray White welcomes Mount Gambier to the family
High-performing young gun real estate agent Tahlia Gabrielli has just opened her own Ray White office in the picturesque Limestone coast region of Mount Gambier in South Australia. Ms Gabrielli, who was an agent at the nearby Ray White Keatley office, has decided to take the leap into business ownership. “We always loved being part of such a strong brand,…
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The Agency completes Top Level Acquisition
The Agency Group Australia (ASX: AU1) via their wholly-owned subsidiary Ausnet has completed the acquisition of Top Level Real Estate – also known as The Agency East Coast. The announcement was made via the ASX last night. In addition to acquiring all of the shares in Top Level Real Estate, they have also raised $8.4 million via the issue of…
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First home buyers claim their biggest slice of the property pie in six years
First home buyers have claimed their biggest share of new housing loans in more than six years, according to the latest ABS Housing Finance figures. The data shows first home buyers made up 18.3 per cent of owner-occupier loans taken out in November, up 0.2 per cent from last month. This is the highest share for first home buyers since…
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The Rubinstein Group adds young sales star to the team
Director of The Rubinstein Group, and Ray White Double Bay’s leading residential agent, Gavin Rubinstein has added young agent Bradley Plos to his team. “Providing the best possible customer service is at the very core of what we focus on within our dynamic team,” said Mr Rubinstein. “Energy, hunger and drive are critical in this business and surrounding yourself with those…
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Ray White welcomes high performer Nic Krasnostein to Double Bay
Halfway through his business degree but yearning to get out from behind a desk, Nic Krasnostein undertook real estate work experience in 2007, and he hasn’t looked back since. Mr Krasnostein has now joined Ray White Double Bay as a sales executive and he is looking forward to being instrumental in people making such significant life decisions. “I genuinely love…
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Professionals expands on Sunshine Coast
Roy Philpott has joined the Professionals network, rebranding his Kings Beach office as Professionals on the Coast Realty and laying plans to build on his dedicated team of four staff members in the coming year to service the booming Sunshine Coast region. “There’s a lot happening on the Sunshine Coast at the moment; it’s growing rapidly and we’re ready to…
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Raine & Horne opens new office in New England region
Prominent Glen Innes real estate agent, Nellie Hayes, has opened the doors at Raine & Horne Glen Innes in the booming New England region. Ms Hayes, who is born and bred in the New England region has joined Raine & Horne from a background selling exclusively rural property. Before her real estate career, Ms Hayes was a private property investor. The mother…
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Michael Coombs joins LJ Hooker Avnu
Michael Coombs has joined the team at LJ Hooker Avnu on Sydney’s Lower North Shore. Mr Coombs has brought with him his team of six. Together they begin the New Year with over $100 million in listings across the Lower North Shore. “There’s no denying there’s an opportunity to consolidate and automate the fractured world of real estate,” Mr Coombs said. “I believe…
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Raine & Horne launch new Belmont office
Raine & Horne has launched its eighth office in NSW’s Hunter region with the opening this month of Raine & Horne Belmont. The new office will be led by local sales agent, Lisa Borstel, who will be supported by business partner Colin Bice, who previously led Raine & Horne Wallsend. Sales star, Simon Rainey, who has worked within the Raine…
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Sunshine Coast waterfront specialist joins LJ Hooker
Real estate specialist Alan Riley – who’s credited with some of the Sunshine Coast’s top waterfront property sales – has joined LJ Hooker Mooloolaba’s sales division as co-principal. Mr Riley has been credited with several million-dollar waterfront sales for Mooloolaba and Minyama sellers over 2018, including $3.25m and $2.88m for two properties at Mooloolaba as well as a record $5.15m…
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Market likely to correct, not crash, in 2019 says realestate.com.au
Today realestate.com.au launched its quarterly Property Outlook – January 2019 report (October to December 2018), analysing more than 80 million property searches. While the worst may not be quite over for Sydney and Melbourne, conditions remain highly variable across the country, year-on-year declines in Melbourne (-1.48%) and Sydney (-5.93%) look to be far less severe than many are reporting. Hobart,…
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Leading agent joins Stone Real Estate in Sydney’s south
South Sydney agent Ray Fadel has started the new year with a new brand behind him, making the decision to join Stone Real Estate. Mr Fadel has opened the doors at Stone Real Estate Sans Souci in Sydney’s south, bringing almost two decades of solid experience to Stone. Mr Fadel, who takes his entire team across to Stone, has established…
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Coronis kicks off the new year expanding it’s Kelvin Grove business
Coronis Kelvin Grove is expanding its presence in the lucrative Brisbane suburbs of Ashgrove, The Gap and Bardon with the addition of brother-sister duo Ken Wearing and Danielle Brown. Coronis COO Karuna Dimelow said welcoming Ken and Danielle to the team was a fantastic start to the new year. “We believe Ken and Danielle are future superstars in the industry…
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Harcourts Group Australia adds Director NSW/ACT Board
Harcourts Group Australia CEO Marcus Williams has announced the appointment of Mahan Shishineh as a director of the Harcourts New South Wales/Australia Capital Territory group as he takes a 10% equity stake in this business. Mr Shishineh currently serves as Franchise Development Manager for the NSW/ACT group, a role he has had since 2014, and will continue as Harcourts focuses…
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A familiar face opens Ray White Narre Warren South
With more than 16 years experience in the industry, Metin Aziret says he’s excited to rebrand his office to Ray White Narre Warren South. With a well-established presence across his local area, Mr Aziret said he was confident this is the next step his business needs to continue its growth. “For us to improve we needed a brand that could…
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Downsizers, first-timers, rainfall and a new banking order bode well for NSW regional property in 2019: Raine & Horne
Downsizers eager to take advantage of Sydney’s long-term capital growth, along with more rainfall and less banking red tape are set to underpin property values in NSW regional centres such as Dubbo, Tamworth and Wagga Wagga in 2019 according to Raine & Horne Chief Angus Raine. “Despite softer dwelling prices in Sydney, downsizer activity is driving demand for real estate…
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Global PropTech data platform launches with more than 6,000 listings
Unissu.com has today launched its platform to the property industry. The business, which has classified over 6000 PropTech businesses from around the world, aims to help property professionals navigate the ongoing digital transformation of the industry. Having raised substantial funding from a wide investor base the platform offers real estate industry participants to register and search for information on all…
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Ray White’s Malek Younan named Top Agent in Australia by SQM
CONGRATULATIONS go to Malek Younan of Ray White Gladstone Park who has just been named as the top residential agent in Australia by SQM Research. The inaugural list of Australia’s Top 100 Residential Real Estate Agents in 2018 was just released by SQM Research, with Malek Younan of Ray White Gladstone Park in Melbourne leading the list out of 53,650…
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CoreLogic reveals best performing suburbs for 2018
CoreLogic has released their Best of the Best report for 2018, revealing the suburbs which performed best as the property market slowed. At a macro level, CoreLogic research analyst Cameron Kusher describes the property market conditions for 2018 as ‘slowing quite rapidly’. Digging beneath the surface, his analysis found that the market conditions are now somewhat of a mixed bag,…
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Raine & Horne secure two high-profile recruits
Raine & Horne Double Bay/Bondi Beach/Bondi Junction will launch into 2019 with the recruitment of two leading sales agents and their teams. Led by principals Martin Maskin and Ric Serrao, the office has secured the services of Peter Starr and Jane Schumann, along with their respective teams. The recruitment was led by the company’s Head of Sales, Luke Hogan, and…
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Ray White Christmas cheer raises thousands for charity
Christmas has come early for a number of charities as Ray White’s Christmas initiative ‘A Little Ray of Giving’ raised thousands of gifts, money and triple-figure food bags across Australia and New Zealand. Some 320 offices across the Ray White Group signed up to the initiative, with more than 15,000 gifts collected, over $13,750 in food value raised and 175…
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APRA removes cap on interest-only home loans
The Australian Prudential Regulation Authority (APRA) has announced it will end a 30 per cent cap on the proportion of new loans that can be made on an interest-only basis, saying it was a ‘temporary measure’. APRA chair Wayne Byres said that since the introduction of the cap the proportion of new interest-only lending had halved and that the share…
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Bonny Hills duo join Professionals
After a highly successful tenure as independent real estate agents, Bonny Hills locals Jon and Sharon Slater have joined the Professionals network. Professionals Ocean Drive is set to become synonymous with the respected Slater name, which has been involved in the local property market for more than a decade. “As independents, we’ve achieved a lot over the past eight years, but…
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Owen Wilson appointed Chief Executive Officer of REA Group
In an announcement to the ASX today, REA Group has announced that Owen Wilson will be taking over from Tracey Fellows as CEO when she steps down from the role in 2019. Ms Fellows is moving to New York to take on a new role as President of Global Digital Real Estate with REA Group majority shareholder News Corp. Mr…
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Scott Mackey continues to boost Bundaberg internationally
Bundaberg real estate business owner Scott Mackey continues to promote the region internationally, connecting with a fellow agent in Japan in his latest venture. Mr Mackey recently attended and presented at the inaugural RE/MAX Japan conference in Tokyo. He featured in the ‘Special session presented by Global Leaders’, along with Tony Williamson from RE/MAX in Cairns, Denver-based Jan Repa, Executive Director,…
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