Opinion

  • Don’t let the Reserve Bank’s inactivity fool you. Interest rates are actually rising. That might seem strange. After all, the Reserve Bank has left the official cash rate at a record-low 1.50 per cent since August 2016. The last increase came way back in November 2010 – and some economists believe the next one might not occur until 2019 or…

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  • The Australian real estate market is at a major tipping point, and agents need to look beyond their own backyards to online and connected selling models to survive changing market conditions. Leading the charge on these shifting grounds for real estate agents is the decline of housing prices in major capital cities, following years of rapid and often unsustainable levels…

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  • This years financial end preceded the decision by the Reserve Bank of Australia’s board to hold the cash rate at its current record low of 1.5 per cent, where is has been now for 21 successive announcements. The previous record was in 1995-1996, where it remained unchanged for 17 RBA meetings. The housing market, which we all recognise as something…

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  • There’s been an important development in Australia’s mortgage market that real estate agents need to be across. APRA, the banking regulator, recently told lenders to be wary of letting investors borrow at “very high debt-to-income levels” – which it defined as any mortgage more than six times their income. Although APRA didn’t categorically ban loans above this six-times-income benchmark, banks…

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  • property managers emerging technology

    The new wave of proptech disruption is seeing both residential and commercial agents introduced to a myriad of new technologies to streamline their sales process, showcase properties more favourably and reach new buyers (such as Gavl, Purplebricks, REALas, Next Address, StoreMatch, OpenAgent, Snaploader and Sellable). Auctioneer Justin Nickerson explains what agents should consider when choosing the latest quality tech to…

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  • When he’s not launching prefab affordable housing with YEEZY Home, Kanye West still #blessing us with some of the best gifs on the internet. Lucky for us, today (8 June) is his birthday, so we’re taking the chance to celebrate with some Yeezus reactions for your most frustrating agent situations (Shout out to our faithful band of readers who had…

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  • Let’s face it: real estate agents aren’t well beloved by the public. Which is a pity, really. As a nation who’ve built their wealth variously on the sheep’s back and on real estate speculation, you’d expect that homeowners would have more reverence for the role of the negotiator. Real talk is: the responsibility of improving our industry’s reputation lies with…

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  • The franchise model is being disrupted by technology that’s making it easier than ever for individual agents to run their own show more flexibly and efficiently. But could bots – backed by AI, automation and big data – come to the rescue and help the big real estate brands deliver new value to agents? To explore this idea, let’s look…

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  • Many real estate agents would never consider transitioning suburbs. Those that are looking to move house in a neighboring suburb often stay as an agent in the same area. But it is possible to transition suburbs, even as far as to the opposite side of Melbourne, but when there is no synergy between suburbs, there is sure to be a…

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  • No, you’re not going crazy – investors really have been piling out of the market in a big way. The latest seasonally adjusted figures from the Australian Bureau of Statistics prove the point, with investment lending in March 2018 falling to its lowest level since January 2016. The value of investment finance commitments dropped 9.0 per cent over the month…

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  • Recent experience in Toronto shows that, after the new foreign buyers tax was imposed, Chinese demand dropped like a bowling ball, but demand may have begun to recover. CEO of Juwai.com Carrie Law explains. Toronto is an interesting case study for Australians curious to know how foreign buyer taxes affect Chinese demand. This is especially important because Australia has probably…

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  • Over the past year it’s become harder to borrow money, especially for investors. Yet many buyers continue to limit their finance options. Even though there are more than 100 mortgage lenders in Australia, three-quarters of borrowers use the big four banks. So your buyers could be narrowing their options if they’re restricting themselves to just ANZ, Commonwealth Bank, NAB and…

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  • It’s not often that you will see a leadership team in a company comprising of most members under 50, unless the company has been founded by people below this age. However, for older companies that have a long history of having a team of ‘senior’ leaders, it can be challenging for them to accept younger generations into leadership positions. This…

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  • It is well known that all great achievers, no matter the endeavour, have one common trait: they have a clear purpose. The same thing applies to real estate. But do we really understand what purpose is all about in a service industry, or are we just considering our own purpose? John Cunningham says putting the consumer’s interests first must be…

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