Real Estate News
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World’s largest companies to shift focus towards flexible workspace
The demand for flexible workspace is set to accelerate as over two-thirds of global corporates plan to increase their use of flexible co-working and collaborative space over the next three years, according to new research from Knight Frank. Knight Frank’s (Y)OUR SPACE report surveys senior executives at 120 global companies, which collectively employ in excess of 3.5 million people worldwide…
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LJ Hooker International Awards recognises top performer Jamie Giokaris and inducts Matthew Herbert into Hall of Fame
LJ Hooker and Harveys has recognised its leading agents across Australia and New Zealand at their International Awards, held last week on Hamilton Island. Jamie Giokaris, Principal of LJ Hooker Lithgow, was awarded the esteemed Sir Leslie Hooker accolade. The award recognises the business owner who creates a thriving office culture, is a leader within the group, gives back to…
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What $1.3 Million buys you around the world
Not all $1.3 million dollar properties are made equal, and depending on where someone is looking to splash their cash there’s a big difference in what they can get. Forgoing the metropolitan lifestyle of bigger cities will definitely get buyers more bang for their buck. Gold Coast Currently, a palatial home set on over two acres of property and yet only…
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New itrack property app gives WA property seekers total transparency
reiwa.com is now powering itrack property, a new app delivering real-time real estate information to West Australian buyers and sellers that they can’t otherwise access, direct from the agent on the ground. Officially launched on 26 October 2018 at REIWA’s CONNECT Real Estate Conference, the itrack property app allows buyers to track properties listed for sale on reiwa.com at the…
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Professionals expands to Batemans Bay
Professionals Real Estate Group has strengthened its regional network with the appointment of a new agency at Batemans Bay on the NSW south coast. The move marks a return of the Professionals brand to the coastal town after an absence of many years. Batemans Bay is recognised as a key growth market that continues to attract a large cohort of…
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REA Group posts 17 per cent revenue growth for FY19 Q1
News Corp-owned real estate listings platform REA Group has posted a 17 per cent revenue growth for the first quarter of FY19. Revenue increased to $221.9 million with the company’s EBITDA increasing by 23 per cent to $130.9 million compared to the previous period. This growth was despite tough market conditions; the platform reported a three per cent decline in…
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ABS data shows new lending has dropped to lowest levels in four years
The latest ABS housing figures show new lending has dropped to the lowest levels since August 2014 and lending to housing investors is at the lowest it’s been since 2013. The seasonally adjusted figures from September show an overall drop in lending of 3.8 per cent from the previous month. Owner-occupiers fell the most, down 4.2 per cent from last…
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Experienced Mornington Peninsula agent leads Stone Real Estate on Victorian expansion
Stone Real Estate has welcomed Lauren Wild to the team as head of the agency’s new Mornington Peninsula office in Victoria, its first outside NSW. Property professional Ms Wild is unique for being one of the youngest high achievers to join the boutique network expanding rapidly along the eastern seaboard. The 28-year-old has already logged several firsts in a decade in…
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New face to lead Ray White Shailer Park
There is a new leader behind the longtime family-owned business at Ray White Shailer Park. Rebecca Hoswell, new Principal of Ray White Shailer Park, has a wealth of experience in the Property Management sector and has worked within the business as head of the department for the last seven years. “I am really looking forward to growing and improving the…
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Raine & Horne moves to state-of-the-art working space
Raine & Horne is celebrating 135 years of operation by moving into a creatively designed, tech-savvy and collaborative workspace in the heart of Sydney. Angus Raine, Executive Chairman Raine & Horne, said the new Sydney corporate office is a response to the network’s office growth in Australia. “The new office location is the realisation of our vision for increased innovation, collaboration…
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Link Group to acquire econveyancing platform PEXA for $1.5 billion
Link Group and its partners, including Commonwealth Bank of Australia and Morgan Stanley Infrastructure, have announced their final bid for PEXA has been accepted. Link, which already owns 30 per cent of PEXA, initially made a bid earlier in the year which was knocked back due to PEXA’s plans to list on the Australian Stock Exchange. However, the company was…
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Ray White brokers free warehouse lease for The Salvation Army
Christmas has come early as Ray White Commercial Queensland assisted The Salvation Army in securing a donated warehouse in Pinkenba. The modern office/warehouse, that has a total area of 1,782sq m, will be used for The Salvation Army’s Christmas purposes over the December and January period. The deal was jointly brokered by Ray White Commercial Queensland’s Director Sales and Leasing…
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C21 gains top performing Queensland office
One of Queensland’s top performing real estate offices has decided to join Century 21, bringing twenty years of area experience. The multi-award winning Century 21 M1 team have opened their doors in Beenleigh, adorned the new Century 21 branding, with an expansive and contemporary office fitout. Century 21 M1 will be led by Principal Tony Ghanem, who has over 28 years’…
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AREA award finalist Dave Skow joins RE/MAX with merger
RE/MAX Australia welcomes expansion in Wagga Wagga with the merger of the much-awarded RE/MAX Elite and Wagga Property Management. Dave Skow, who worked with RE/MAX before starting Wagga Property Management five years ago, has acquired RE/MAX Elite in Wagga adding an experienced sales division to his successful property management business. “This is an exciting expansion for the Wagga property sector,…
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November 2018: Interest rates on hold, Industry reaction
Yesterday (6 November 2018) the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 24th consecutive meeting. “Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low,” says RBA Governor Dr Philip Lowe. “Growth in credit extended to owner-occupiers has eased but remains robust, while…
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The Agency gains 40-year industry veteran and coach Joe Abboud
Working as a successful agent in the Eastern Suburbs and a hands-on coach for some of the industry’s most prominent brands, The Agency has gained a skilled mentor in Joe Abboud. To date, Mr Abboud has been providing one-on-one coaching for more than 20 agents a week, this will increase significantly given The Agency’s national network, including the west coast…
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Better Homes and Gardens Real Estate recruits for Australian growth
Better Homes and Gardens Real Estate is taking the next steps in its Australian journey with the recruitment of several experienced real estate professionals to the team. The announcement comes as the network gears up for its nationwide launch. Karmen Costigan joins the Queensland team with over twenty years’ experience in the real estate industry, both in the USA and…
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NSW government announces changes to stamp duty
Calling it the “most significant reform in a generation” to stamp duty, the NSW government has announced that from July 1, 2019, the seven stamp duty tax brackets will move in line with the consumer price index. Indexing the tax to inflation will save the average property buyer $500 from the introduction of the move, with that amount to increase…
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OBrien Real Estate Foundation announces first grant recipients
The OBrien Real Estate Foundation was first created in June this year with the purpose of supporting local charities. OBrien is a strong supporter of local communities and believes giving back is extremely important. The OBrien Foundation was created with a view to take this support to the next step, so the whole team could work together to improve the lives of…
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CBRE Group moves into co-working space with the launch of CBRE Hana
Commercial real estate services firm CBRE has declared a move into the flexible working spaces sector with the creation of CBRE Hana, a new division which the agency says will partner with property owners to provide workspaces. Hana will design, build and operate the co-working facilities and services, in partnership with institutional property investors. In a statement, CBRE president and…
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White Family cements ownership in South Australia and Northern Territory
The Ray White business in South Australia and the Northern Territory is now 100 per cent owned by the White Family, after business partner, Nick George sold his shareholding in the franchisor, while the operation of the business remains the same. Ray White Group director Dan White said the family had enjoyed a close relationship with Nick George for more…
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Realmark Ironman tackles event for charity
Realmark Agent Jon Williams is attempting his first full Ironman in Busselton on 2 December 2018. Mr Williams is taking part in the event with the hope to raise $5000 for a cause that is very close to his heart, Perth Children’s Hospital. In April 2009, Mr Williams and his wife Judi entered St John of God Hospital in Subiaco,…
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Burleigh-Miami leaders take on LJ Hooker’s newest addition
Former Realty Blue agency specialists Danny O’Donnell and Adam Van Leeuwen have today been announced as the joint partners leading newly launched LJ Hooker Burleigh Beach. Combined, the duo sold more than $60 million worth of property in the last year, positioning Mr O’Donnell and Mr Van Leeuwen as Burleigh Heads’ and Miami’s top agents, respectively. Fronting the Gold Coast…
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David Young Choi joins ActivePipe as Chief Commercial Officer
Melbourne-based automated communications platform ActivePipe has appointed former Domain Group Director of Corporate & Enterprise – Asia Pacific, David Young Choi, as its new Chief Commercial Officer (CCO). Mr Choi is a highly qualified and respected Senior Executive with over 15 years’ experience in Corporate and Business Development, Marketing and Strategy. His extensive executive background working with Australia’s largest real estate brands…
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Reapit appoints business development specialist
Reapit has confirmed the appointment of Sam Upleger as Business Development Manager for Reapit Australia. Mr Upleger will be focused on building new business and generating new customers for Reapit’s Property Management and Trust Accounts software. Mr Upleger brings eight years’ experience in real estate sales to Reapit, during which he has worked with companies including Buxton and Kay & Burton…
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Harcourts Group Australia names new leader for Victoria state operations
Harcourts Group Australia CEO Marcus Williams has announced the appointment of Tony Morrison to the role of Harcourts Victoria CEO effective 10 December 2018. Mr Morrison currently serves as the CEO of the Harcourts Tasmania state office, a role he has held since 2004, and will become CEO of both state corporate teams. “Tony has driven the growth of the…
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McGrath announces opening of new office in Nambucca Heads
McGrath Estate Agents today announced the opening of a new office in Nambucca Heads as it strengthens its presence on the Mid North Coast of New South Wales. McGrath Nambucca Heads will be led by Principal Martin Wells, this expansion will be the third office in the region and this will complement the Coffs Harbour and Sawtell offices Mr Wells…
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RE/MAX Revolution named RE/MAX New Zealand’s best for third quarter
A real estate business that joined the RE/MAX New Zealand group at the start of this year now ranks as the Top Enterprise for July to September 2018. Don Ha opened the RE/MAX Revolution ‘Supa Office’ in Hunter’s Corner, Papatoetoe on January 1st this year. “We have only been with RE/MAX New Zealand since 1 January 2018, and we are…
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First National Returns To Willunga
First National Real Estate has announced the continuation of its 16-year presence on South Australia’s Fleurieu Peninsula through the opening of its new office in Willunga; First National Real Estate Ollwitz. Long-term property owners on the Fleurieu Peninsula, Ross and Debbie Coleman – who have given over 22 years professional service to its landowners – will head the office, supported by…
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Coronis team raise over $16,000 for cancer research
The Coronis team have completed their fourth 40-hour Tour De Office bike relay challenge, riding 593 km while raising more than $16,300 for Smiling For Smiddy, who fund cancer research at the Mater Foundation. More than 80 agents, property managers, mortgage brokers, support staff and directors jumped on the stationary bike across various South East Queensland Coronis offices, including founding…
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NGU launches in Brisbane’s Southwest
NGU Real Estate is opening doors for business in Brisbane’s Centenary suburbs under the leadership of experienced real estate sales professionals Chris Foenander and Mel Rodrigo. NGU Southwest is the brand’s ninth office to open across southeast Queensland in little more than two years. “I am honoured to open an NGU office in the suburbs where my career commenced, and…
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Fletchers Real Estate celebrates 100 years anniversary with a fresh new look
Family owned, fifth-generation real estate business, Fletchers, is celebrating their upcoming centenary in early 2019, marking the occasion with the rollout of a fresh new look and feel. Executive Chairman, Rob Fletcher said the ‘bigger and brighter’ aesthetic was a departure from the iconic, traditionally darker colours of the brand. “Nothing is more important to us than our clients,” said…
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REIQ announces new board directors at AGM
The REIQ today announced two new Board Directors, elected under the newly reserved positions for a Female Regional Member Director and a Young Director (Under-35), following its Annual General Meeting at the Cannon Hill offices. The two successful candidates are Linda Bland (Female Regional Director) and Joshua Kindred (Young Director). The REIQ Board of Directors: Peter Brewer (re-appointed as Chair)…
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2018 REIWA Awards for Excellence winners announced
More than 430 real estate professionals attended the REIWA Awards for Excellence on Wednesday 25 October at Crown Perth, to celebrate and acknowledge excellence in the WA real estate industry. REIWA CEO Neville Pozzi said the Awards for Excellence were a unique opportunity for the Institute to acknowledge those WA real estate professionals who demonstrate best practice in their chosen…
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Professional adds to the team with a new Business Development Executive for Western Australia
Bill Atkinson has joined the Professionals Australia as the Business Development Executive for Western Australia. Mr Atkinson has extensive industry experience and has worked with the Professionals in Western Australia previously as the Operations & Inline Media Manager. Since leaving the group Mr Atkinson has worked as the WA State Manager for Century 21, Agent Sales Manager for rent.com.au and more…
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