Real Estate News
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The Agency secures funding, acquires Top Level Real Estate
After a trading halt for the last few days, The Agency has announced to the ASX that they have secured the funds to acquire Top Level Real Estate. The acquisition involves a complex $8.4 million share placement, alongside $5 million of Top Level debt which will be converted into shares at $0.01 per share. The documentation provided with the announcement…
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REINSW highlights pathway to professionalism at annual summit
The pathway to professionalism was the focus of the Real Estate Institute of New South Wales’ sixth annual summit, held in Sydney on Friday (15 September 2018). REINSW President Leanne Pilkington said The Future Is Now Summit saw a select group of 150 real estate agents come together to discuss one of the most significant changes to the industry and…
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McGrath agents support local communities with over $1 Million in donations
McGrath Estate Agents have announced that its agents and offices throughout the eastern seaboard have collectively donated more than $1,000,000 to charities during the 2018 financial year. McGrath Chief Executive Officer Geoff Lucas affirmed the company’s commitment to supporting and giving back to its local communities. “Community is at the core of McGrath’s values and truly ingrained in our culture. We…
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LJ Hooker celebrates 90 years with ‘brand variations’
Pioneering real estate group LJ Hooker is celebrating 90 years since its first agency opened on the sandy shores of Maroubra, Sydney – the start of a national and international influence in property. In 1928, then aged 24, Leslie Joseph Hooker had grand plans to develop the largest real estate business in Australia; ready to pioneer innovations in technology, marketing, construction and…
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Australia/NZ real estate tops GRESB global rankings for eighth consecutive year
For the eighth consecutive year, Australia and New Zealand’s real estate market has been ranked the world’s number one for sustainability in the internationally recognised 2018 GRESB real estate results. GRESB is the global benchmark for environmental, social and governance (ESG) performance of real assets, defining and measuring standards for sustainability performance. In 2018, GRESB assessed 903 real estate companies,…
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Solar energy likely to drive up home values: HTW
Sustainable homes will see an increase in value as more and more householders take up solar rebates and reduce household energy consumption, according to independent valuer and advisory group Herron Todd White. HTW’s Managing Director in Melbourne, Tony Kelly, said as homeowners continued to take advantage of solar energy rebates and substantially reduced energy costs, the value of their homes…
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Barry Plant Group recognises talent in their network at 2018 Awards for Excellence
Last week, the Barry Plant Group hosted its 2018 Awards for Excellence at Melbourne’s Crown Palladium, with nearly 900 people attending the black-tie event. The Geelong office had an outstanding night as, apart from their star agent Chari Emirzade taking out so many major sales awards, they also won Franchisee of the Year and Property Management Department of the Year,…
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Purplebricks evolves Australian offering with new customer experience
Purplebricks has announced a new service offering and experience for customers in Australia. Purplebricks Global COO Neil Tavender said the network were ‘excited’ about the changes they were implementing and the way it would drive the network forward in Australia. “In recent weeks, Kenny Bruce (Co-founder) and our leadership team have travelled the country to speak with all of our agents…
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Harcourts International names new Board Members
Harcourts International has welcomed Susan Rix AM, Tim Keenan and Graham Mirabito to its board of directors, joining current board members Gilbert Enoka, Mike and Irene Green and Paul Wright. “We are very pleased to have Susan, Tim and Graham join our board and look forward to their contributions,” said Mike Green, Managing Director, Harcourts International. “Each is a leader in…
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Ray White Western Australia celebrates excellence in 2018
Ray White celebrated its best performers for the 2017-18 year in front of 400 members and guests at the Convention and Exhibition Centre in Perth on Friday 14 September. Ray White WA CEO Mark Whiteman said that by defying the trend of the worst market in two decades to post a record result, the message from the night was clear:…
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RE/MAX rewards top performing regions at Asia Pacific Convention
RE/MAX has acknowledged its top regional performances at the fourth annual RE/MAX Asia Pacific Convention this month, with Australia and New Zealand claiming four awards. Australia and New Zealand join 16 other regions in RE/MAX’s Asia Pacific network – South Korea, Thailand, Indonesia, Singapore, Philippines, Guam, Hong Kong, Macau, China, Japan, Taiwan, India, Sri Lanka, Mongolia, Malaysia and Myanmar. RE/MAX Australia…
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Colliers International receives top honour at REIACT awards
Colliers International was named Commercial Agency of the Year at the Real Estate Institute of the ACT’s Awards of Excellence on Saturday night, and Director Rupert Cullen was recognised as Commercial Property Manager of the Year. “This is the second year Colliers International has taken home the title of Commercial Agency of the Year,” Colliers International Associate Director of Investment…
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9 signs you may be more cut out for leadership than you think
Are you underestimating your emotional intelligence and power to lead? Have you turned down the opportunity to interview for leadership positions because you’re not ‘cut out’ to be a leader?
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Ray White launches first major brand campaign
Australasia’s largest real estate group, Ray White, and Sydney-based creative agency DO have partnered to launch a new brand campaign. The campaign explores the Great Australian Dream, with Ray White helping Aussies as they seek out their property dreams and bring them to life. The work is the epitome of Australiana, as it takes a light-hearted look at some of…
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Agents could bear the brunt of new anti-money laundering crackdown
Furthering the crackdown surrounding anti-money laundering rules in foreign investment, the government is considering relying on real estate agents to report suspicious purchases by foreign buyers. The joint public accounts and audit committee is reviewing the deficiencies in data around the foreign investment regime, with the ATO announcing on Wednesday they had conducted 4600 investigations into potential breaches since 2015.…
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National Director rejoins Colliers International
Colliers International have welcomed National Director Nick Greenwell to their Occupier Services team. Mr Greenwell has rejoined Colliers International, originally working for the company for five years between 2002 and 2006. With over 15 years’ industrial property experience, Mr Greenwell has a strong reputation as a well-rounded expert and has worked across all major sectors of commercial real estate. “We…
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Minimum rates of pay for real estate employees increase twice in one year
The need for real estate employers to adjust minimum rates of pay at the start of each financial year for employees covered by the Real Estate Industry Award or the Clerks – Private Sector Award is nothing new. But this year, because of the outcome of the four-year review of the Real Estate Industry Award, employers have had to make…
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REIV commercial and industrial awards celebrate magnificent marketing
The REIV have celebrated the best in commercial and industrial advertising, marketing and promotion across commercial sales and leasing campaigns at the annual Commercial and Industrial Marketing Awards. REIV President Richard Simpson said the awards are a great opportunity to recognise the increasingly innovative and tailored campaigns. “Congratulations to the winners and finalists in the 18 categories on their dynamic and…
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Ray White Group celebrates its 2018 winners in NSW and ACT
Up to 900 real estate agents and guests last night celebrated their achievements at the annual Ray White New South Wales and ACT awards at the International Convention Centre in Sydney. Ray White Double Bay had a successful night at the state awards, picking up number one Sydney Blue office for the highest settled commission for the seventh year in…
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The Agency expands into south-east Melbourne with top-performing agent Adam Cashmmore
High-achieving Stonnington and Boorondara agent Adam Cashmore has joined The Agency. Adam Cashmore is renowned for his exceptional sales results and is strongly entwined with his local community. A long-time Stonnington resident, he is well-known for his genuine and ethical approach to real estate. “Adam’s experience and expertise in the Stonnington area was exactly what we were looking for. He…
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Domain launches in-house data and insights department
Domain has added a data and insights unit to its content division, Domain Research House. The unit will be led by Tobias Johnstone, content and data director for the department. It will provide Domain readers and clients with insights drawn from internal data. Trent Wiltshire of The Reserve Bank has been appointed as economist for the unit, Domain’s Dr Nicola…
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Elders launch largest ever marketing campaign to celebrate spring selling season
Elders Real Estate have launched their largest ever marketing campaign this week to kick off the 2018 spring selling season. The campaign, ‘Spin to Win’, is set to drive more leads to Elders’ agents and offices which are spread across over 300 locations nationally. With a highly targeted digital strategy, Elders is expecting to increase the number of appraisals in…
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The Secret to Making Letterbox Drops Really Work
The faithful letterbox drop was once one of the favourite tools in a real estate agent’s marketing toolkit. However, times have changed. Pamphlets and junk mail get thrown in the trash, largely unread. Rather than engaging potential buyers, you are more likely to be annoying them. Considering the cost and time required to produce and distribute published materials for letterbox…
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Ray White Double Bay welcomes in a new era
Elliott Placks has been named the Managing Director of Ray White Double Bay, in Sydney’s premier eastern suburbs. An elite sales performer Mr Placks has been at Ray White Double Bay for the last 15 years and as a director for the last seven years. “I’m proud of the achievements this incredible team has received and their continuous drive for high…
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Ray White Rural Gloucester launches with established team
Ken and Amy Maslen have been running their family-owned real estate businesses in Gloucester for some years, and now they’ve joined with directors Dee Braithwaite and Greg Wall in opening Ray White Rural Gloucester. It’s the same team their community know and love, and will continue to offer the outstanding service they’re renowned for, but now with a new business…
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Harcourts show their support for local education in New Zealand
Matakana School can provide children who learn by movement the ability to do so with help from Harcourts Tandem Realty North and a donation through the Harcourts Foundation. The donation to Matakana School will go towards the purchase of 20 ‘wiggle’ chairs to be used by children of all ages. “These chairs will be used by children whose learning is…
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McGrath recruit James Hayashi to lead and grow Sydney’s Eastern Suburbs sales team
McGrath Estate Agents have announced that James Hayashi has joined the company in the newly created role of Regional Sales Leader for its high-performing sales team located across Sydney’s Eastern Suburbs footprint. Mr Hayashi brings more than 13 years’ experience across many sectors of the real estate industry from sales, auctioneering, recruitment and sales management. Kon Stathopoulos, Head of Company…
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Chinese buyers invested $23.9 billion in Australian real estate in 2017
Juwai.com’s 2018 Chinese Global Property Investment Report has revealed that Chinese buyers purchased $23.9 billion of Australian real estate in 2017. That consisted of $19.4 billion in residential and $4.5 billion in commercial acquisitions, and made Australia and New Zealand the biggest market for Chinese investment. That figure is a drop of 26.8 per cent from the estimated spending in…
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Keller Williams adds Contract Smarts to Virtual Assistant
KUNGFU.AI US-based artificial intelligence services company, and Keller Williams (KW), one of the world’s largest real estate companies by agent count, have announced a partnership to together build a robust new real estate contract-reading skill for Kelle, a proprietary artificial intelligence-based personal assistant for KW agents. Launched in mid-February 2018, Kelle has more than 97,000 monthly active users and the Kelle…
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Ray White Rural launches corporate service to attract major agribusiness transactions
Ray White Rural and Livestock today announced the appointment of a Sydney-based corporate sales and marketing entity to service large-scale agribusiness transactions and divestments. The team, led by Andrew Starr (one of the Group’s top rural principals) and Bruce Birch (the organisation’s national livestock director), will partner with local specialists in the New South Wales network of Ray White Rural…
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Ray White Frenchs Forest reopens with Megan MacKay at the helm
Local agent Megan MacKay, together with her husband Trevor Cain, has just re-opened Ray White’s office in Frenchs Forest in the heart of the Northern Beaches. The new office, at 49 Frenchs Forest Rd, was minutes away from the soon-to-open Northern Beaches Hospital and Frenchs Forest’s future community hub. For Ms MacKay, having started her real estate career with Ray…
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ANZ and CBA follow Westpac in home loan rate hike
Following last week’s announcement from Westpac that they would be raising their variable home loan rates by 14 basis points, ANZ and the Commonwealth Bank have announced they will raise rates by 16 and 15 basis points respectively. “The latest interest rate hike from ANZ and the Commonwealth Bank comes as no surprise after Westpac opened the floodgates earlier. The big…
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Ray White Queensland celebrates winners
More than 1250 real estate agents and guests attended the prestigious Ray White Queensland annual awards at the Royal International Convention Centre to celebrate the achievements of the top offices and individuals throughout the network. Ray White Queensland has a lot to celebrate considering it traded just on $8.6 billion in residential property sales, made up of over 15,000 transactions…
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Inaugural Proptech Summit demonstrates future ‘digital twin’ for property
The Australian Proptech Summit was held on the 5th and 6th September and attracted a number of commercial real estate decision makers and finance players ready to connect with cutting-edge startups and technology companies ready to build the future of property in both commercial and residential. Artificial Intelligence, blockchain, big data and virtual reality were themes that featured heavily over the…
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Belle Property launches new training program
Belle Property have launched a new training platform that they say takes a strategic and focused approach to career pathways across all facets of the business – sales, property management and administration. “In an ever-changing marketplace, it is paramount to have an agile learning environment that provides all employees with the tools and support that they need to succeed, no matter…
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