Real Estate News
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Domain FY18 results show $6.2 million loss after Fairfax separation
Domain have shown a revenue of $286.6 million with a net loss after tax of $6.2 million in the company’s FY18 results. The loss comes after the company split from Fairfax and listed on the ASX in November. The company is no doubt hoping incoming CEO Jason Pellegrino, who begins his role at the end of the month, will boost…
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REA Group financial results show increased marketing spend and rise in revenue
The REA Group financial results have revealed the company increased its marketing spend by 23 per cent in the 2018 financial year, up from $60.415 million to $74.483 million. With the removal of the acquisition costs, REA Group showed a revenue increase of 20 per cent to $807.7 million. EBITDA (earnings before interest, tax, depreciation and amortisation) was up 22 per…
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Tameka Smith takes the crown in PM Transform 2018
PM Transform 2018, in partnership with Real+, realestate.com.au and Rockend saw participants from across the country take part in a 30-day intensive training program, including live classes, daily challenges and exercises focused on helping them achieve their career goals. A number of industry-recognised coaches and trainers participated, delivering live sessions and exclusive training content for the participants across the month.…
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Palaszczuk Government makes a commitment to introduce mandatory CPD for Queensland agents
The REIQ has welcomed the commitment from the Palaszczuk Government to introduce mandatory continuing professional development (CPD) for real estate professionals, but as of yet there is no time frame for the changes to come into place. REIQ CEO Antonia Mercorella said the promise, made by Treasurer Jackie Trad, was the successful outcome the REIQ had been working towards. “We…
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Cunninghams holds Inaugural Conference and Awards 2018
Cunninghams held their Inaugural Elevate and Evolve Conference at Manly Pavilion on Thursday, 2 August. The day was aimed at elevating the Cunninghams business in line with an ever-evolving real estate landscape, while equipping team members with even more knowledge and motivation to keep exceeding client expectations. Now in its 27th year of business, Cunninghams has weathered and grown through…
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Australia’s prestige market remains resilient in the face of tougher conditions
Three Australian cities sit in the top 20 of the Knight Frank Prime Global Cities Index, showing the prestige market is still performing strongly. The report from Q2 2018, which tracks the progress of 43 cities worldwide, shows Sydney, Melbourne and Brisbane are still keeping up with growth elsewhere, coming in as 15th, 17th and 20th respectively. Perth also showed…
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Belle Property’s National Awards night shines a spotlight on two leading offices
Two of Belle Property’s leading offices, Bondi Junction and Dee Why, stole the show at Belle Property’s National Awards night in Sydney this week. Dominating the night was Bondi Junction Principal Edward Brown, who took home three prestigious awards: No. 1 Principal, No. 1 Transactions and No. 1 Office – a first for the Belle Property network. “We are incredibly…
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Reiwa.com launches app to make it easier for buyers to find property in WA
reiwa.com has launched a new app which makes searching for property in WA easier. REIWA CEO Neville Pozzi said the reiwa.com app provides West Australians with a convenient way to find their dream home, investment property or rental accommodation. “The WA public can take their property search on the go, using an array of intuitive features that make searching for…
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First National agents to ride postie bikes for charity
First National Real Estate has confirmed it will support Variety’s ‘Postie Bike Dash’ for a second year, underpinning the charity’s support for kids suffering disabilities, chronic illness, financial hardship or geographical isolation. Starting on 4 November, participants will don high-vis outfits and ride iconic Australia Post Honda CT110 motorcycles north from Tamworth, then loop around northern NSW stopping at First…
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Industry Supplier Update: Agentbox at AREC 2018
TRANSCRIPT Agentbox is Australia’s leading CRM. We actually work with more of the top agents in Australia than anyone else, which is actually over 30 per cent, and 20 per cent of the top offices. We’ve been able to build an end-to-end solution for sales and leasing. We’ve also been very excited to announce that we’re the first platform that’s…
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First-home buyers come out on top in June, according to new ABS data
First-home buyers are currently dominating owner-occupier housing loans, with the number rising again in June 2018 to the highest rate since October 2012. The ABS housing finance figures for June 2018 show that FHBs now account for 18.1 per cent of owner-occupier home loans. The number of FHB owner-occupier loans has now increased by 11.4 per cent over the last…
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The Agency partner with superannuation startup
Superestate, the first non-SMSF superannuation fund to invest in residential property, has partnered with The Agency, appointing the network’s property management team to manage the first investment. The model sees members choose either a 25 per cent or 50 per cent exposure to residential property as the Superestate team builds a national residential property portfolio. The team behind Superestate includes…
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RE/MAX New Zealand celebrates performance and great leadership
RE/MAX New Zealand awarded its top performers for the first half of 2018 to complete its August Rally program, held at the Novotel Ellerslie, Auckland, where the network came together for a full-day event designed to bring a focus on leadership to RE/MAX members. Winners in the number of transaction stakes for January to June 2018 were RE/MAX Go For…
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ActivePipe wins big at the Australian Business Awards 2018
For the second year running, Melbourne-based automated communications platform ActivePipe has been named a winner in the Technology Innovation, Marketing Innovation and Software Innovation categories of the prestigious Australian Business Awards. The win continues the growth the company has enjoyed over the last 12 months with their platform, which allows agents to streamline communication channels with their customers. According to CEO Ashley Farrugia,…
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August 2018: Interest rates on hold, Industry reaction
Yesterday (7th August 2018) the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 22nd 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. “Housing credit growth has declined to an annual rate of 5 1/2…
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Purplebricks hire high-profile COO to improve Australian operations
Purplebricks have hired Neil Tavender as their Australian Chief Operating Officer, giving him share options worth approximately $2.5 million. As reported by The Negotiator, Mr Tavender’s role will involve turning around the sales operations in Australia, especially after allegations from former employees about the agency’s profitability and work conditions. Purplebricks said recently their Australian operations would become profitable within 12…
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The Harcourts Foundation grants over $33,000
The Harcourts Foundation, the charitable arm of Harcourts Group Australia, announced grants to eight Australian charities during its most recent quarterly funding round. A total of $33,860 was donated across Australia to benefit charities serving the communities where Harcourts employees live and work. “Over the past six months, a total of $85,600 has been granted by The Harcourts Foundation,” said…
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Laing+Simmons recognises top agents with annual awards
Some of the best-known names in the Laing+Simmons network were honoured at the company’s annual awards last weekend, with the likes of D’Leanne Lewis, Nuri Shik, Ray Fayad, Paul Abassi and Chris Gamarra taking out major honours. In the team award categories, Laing+Simmons Quakers Hills took out the Office of the Year Award, while Laing+Simmons Narrabeen won the Best Business…
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Rent.com.au launches first mobile app
Rental property website rent.com.au have announced they will launch a mobile app for IOS and Android this week. In an ASX announcement, the company said the app would bring all the “unique and useful features” the platform already has alongside a range of “unique new features”. According to the announcement, 60 per cent of the current customers using the platform…
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Xynergy Realty expands to Western Suburbs
Real estate agency Xynergy Realty has opened a new office in the heart of Altona in order to meet the needs of its growing portfolio of clients in Melbourne’s western suburbs. The newly renovated office will be the agency’s first in Melbourne’s west and will be centrally located on Queen Street, just minutes from Altona beach and the popular Pier…
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Vivien Yap adds Senior Property Manager to her team at Ray White Dalkieth Claremont
Vivien Yap has further extended her team, bringing on Fiona Short as a Senior Property Manager. Ms Short joins Ray White Dalkeith | Claremont with over 15 years’ experience in the property management industry. She firmly believes communication is the key to a successful property management business. “Whether you know the answer or not … as long as you’re communicating and being…
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Fiona Nichols joins Coronis Property Management team
Fiona Nichols has joined the Coronis leadership team in the position of Training and Development Manager. Starting in real estate more than 13 years ago, Ms Nichols has headed up several property management departments at Ray White, Johnston Dixon and most recently Devcorp Services. Property Management Director Jodi Ford said Ms Nichols was a valuable addition to the team and brought…
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Second generation Sydney agent recognised at Raine & Horne awards
Commercial sales agent Luke Smith, Co-Principal of Raine & Horne Commercial Inner West/South Sydney, has been named Top National Commercial Salesperson at the 2018 National Raine & Horne Awards held at The Star, Gold Coast last week. Luke Smith, along with his brother Nick, launched Raine & Horne Commercial Inner West/South Sydney in 2007. The Smith brothers had been previously…
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Colliers International appoints new Residential Director
David Higgins has joined Colliers International on the Gold Coast as a Residential Director. Based in Surfers Paradise, David’s role will see him focus on the sales delivery of residential apartments and townhouses, and the packaging of house and land projects in Brisbane and the Gold Coast. David will bring his own venture, Cerulean, a $44 million residential-only apartment building…
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Winners announced in Openn Negotiation Excellence Awards 2018
Over 80 real estate professionals gathered on 26 July to recognise the best-performing agents and agencies at the inaugural Openn Negotiation Excellence Awards. Led by Peter Gibbons, Openn Negotiation Co-founder and Managing Director, it was an opportunity to celebrate not just the finalists and the winners, but all agents who had decided to embrace technology and the need for better…
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LJ Hooker sets focus on boosting South-East Queensland
Second-generation LJ Hooker business owner Aaron Booth has embarked on the next chapter of his career, taking on the role of Business Development Manager with the network. Mr Booth, an owner of LJ Hooker Forest Lake, auctioneer and son of the network’s long-time Browns Plains principal Sharon Booth, first joined the brand in 2001 at LJ Hooker Sunnybank Hills. In…
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Longstanding Bayswater agency rebrands to join Ray White
The longest-running family real estate agency in Bayswater is proudly rebranding to Ray White Carters. Principal Daniel Warne said the business had been held by his family since his father Gary Warne became licensee in 1989. “I’m proud to continue on from Dad, it’s been in the family for around 30 years,” Mr Warne said. Mr Warne has ambitions to grow…
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Zillow to allow renters to search, apply and pay for rentals online
US-based platform Zillow has debuted a system which will allow renters to find, apply for and pay for rentals online. The system will be rolled out across the company’s three platforms – Zillow, Trulia and HotPads – but not New York-based StreetEasy. “Renters tell us they want the entire rental process to happen online, from search to application to payment.…
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Industrial powerhouse signs on to Savills Australia
Savills Australia has appointed industry heavyweight Michael Fenton to head up the business’ national Industrial & Business Services division as part of a country-wide company restructure. Mr Fenton returns to Savills following more than nine years at JLL, where he operated as the company’s Australian Head of Industrial and New South Wales Managing Director. He brings with him more than…
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First National Regency Realty launches on Sydney’s North Shore
Two of the North Shore’s best-known real estate agencies have joined forces under the First National Real Estate brand, strengthening the network’s market presence in the region’s highest density commercial, residential and retail district – Chatswood. First National Regency Realty officially launches its new venture today, following the purchase of one of Chatswood’s longest serving franchise agencies. The acquisition see’s…
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Ray White opens a new Fremantle office with familiar faces at the helm
Bob and Brett Oliver have announced they’re joining the Ray White team in Fremantle after running their own family business in the region for over 30 years. “The core values of the Ray White WA state team are almost identical to ours in terms of the way they run their business,” Bob Oliver said. “Like minded thinking made it a…
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Belle Property Commercial Launches in the ACT
In response to Australian Capital Territory’s strong development activity and emerging population growth, Belle Property Commercial has established Belle Property Retail Canberra. With a key focus on leasing and sales of mixed-use developments the office will be led by Director, Nathan Dunn, a highly respected identity in the ACT commercial property industry, and who has the backing of retail property…
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Industry Supplier Update: @realty at AREC 2018
TRANSCRIPT @realty is a modern real estate agency. We are basically a platform that allows agents to run their own business under the @realty brand. So, typically, agents can hit a glass ceiling in an office that they’re currently working in. Their only option was generally to go and start their own office. But of course, with that comes the…
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Sean Hughes and Jeanette Bates recognised for leadership excellence at Realmark 2018 Annual Awards
The Realmark 2018 Annual Awards event took place on Saturday 28 July 2018 at the Perth Convention and Exhibition Centre. The evening recognised the achievements of those who have displayed excellence in practice, performance and passion within the industry. The top awards of the night went to Sean Hughes as Inaugural Practice Leader and Jeanette Bates for APRIL 2018. These awards…
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