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SUPPLIER NEWS
Property investors reminded that tax deadline is looming
Bradley Beer, the CEO of BMT Tax Depreciation, said that while depreciation deductions provide a valuable opportunity for investors to maximise their cash flow, this could be reduced if they incur penalties from the ATO for failing to lodge their tax returns on time. “Earlier in the year, the government proposed changes to rules surrounding plant and equipment deductions and…
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FRANCHISE NEWS
Raine & Horne’s Anthony Vulinovich named WA’s best commercial agent
“There are many hundreds of commercial sales agents in Western Australia, so this is a terrific win for Anthony and testament to his hard work and strategic commitment to selling commercial real estate over many years,” said Terry Menage, Director, Raine & Horne Commercial WA. “Anthony’s point of difference is that he has undertaken a great deal of pre-sale work…
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SUPPLIER NEWS
REA Group accredited as a White Ribbon Workplace
To become accredited, workplaces must spend 18 months demonstrating their commitment to gender equality, increasing awareness within their organisation of the issue, and leading by example within their industry. Over this period REA has implemented many changes to further foster a culture of equity, antiviolence and mutual respect for all its people. It has introduced a training program to help…
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FRANCHISE NEWS
Queensland’s top 150 salespeople revealed
The A List is determined purely on sales which reveals the top 150 performers in the state across all markets in Brisbane and regional centres. The A List initiative was established five years ago by the Ray White Group, but the data is sourced and verified by Pricefinder. Ray White Queensland chief executive officer Tony Warland said he was happy…
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INDUSTRY NEWS
The wealth effect of housing: Core Logic Property Pulse
Mr Lawless said, “The strong capital gains evident across the Sydney and Melbourne housing markets have created a significant boost in wealth for home owners who were fortunate enough to own a property through the latest growth cycles. However, the rate of capital gain has been remarkably lower across other markets with home owners outside of Sydney and Melbourne now…
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INDUSTRY NEWS
Buy-Rent Index determines the best time to buy or rent in Perth
The Index, which will be released on a quarterly basis, is based on formulated economic assumptions that help identify the annual house price growth rate required for home ownership to be financially advantageous over renting. The June quarter 2017 figures indicate the median house price in Perth would need to appreciate by 4.3 per cent annually over the next 10…
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Real Estate News
Place Estate Agents Aspley gets a $500,000 makeover to boost happiness for staff and clients
Tristan fitted out the offices in a homemaker centre, which is somewhat unusual given most agencies are in a shopping village or main road, but has reaped the rewards given the ease of 500 parking spots and the space for his 13 staff. “The front area is about 100sqm and we use the area for in-room auctions, client nights, landlord…
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Real Estate News
Are Golden Week holidays still as lucrative as they were in the past?
Golden Week holidays are important but less than they were in the past, suggests Carrie Law, the CEO of Juwai.com. The Chinese international real estate website said Golden Week has an impact on Chinese international real estate buying, but it is overstated by marketers. Golden Week is a week of public holiday in China during the first week of October…
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FRANCHISE NEWS
Home loans more affordable than they were a year ago: PRDnationwide
New South Wales New South Wales’ home loan affordability has increased by 3.7% over the past 12 months, to 27.7 index points. Although still the lowest index reading compared to the rest of Australia, its affordability growth is on par with Queensland (3.6%). A key finding for New South Wales is in relation to potential future demand for residential real…
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INDUSTRY NEWS
Australian property investors remain confident about the benefits of residential real estate: PIPA survey
The national survey, which gathered insights from 742 property investors, shows that more than 70 per cent of respondents think now is a good time to invest in property, with 61 per cent looking to purchase a property in the next six to 12 months (up from 58 per cent last year). However, concerns over changes to investor lending policies…
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Real Estate News
Microsoft Ignite 2017: Tech giant announces focusing on AI and quantum computing
The tech giant, led by CEO Satya Nadella, revealed details about its efforts to use artificial intelligence (AI), data and cloud tech to help customers create the future of business and innovate for the future. In his opening address, Nadella asked the question “How are we going to empower people?”. He went on to say that every piece of technology…
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INDUSTRY NEWS
ABS reveals more people living in apartments than 25 years ago
The 2016 Census of Population and Housing found that 10 per cent of all people in Australia spent Census night in an apartment. There is now around one occupied apartment for every five occupied separate houses in Australia – compared with one to every seven, back in 1991. The growth in apartment living is primarily an urban phenomenon, concentrated within Australia’s…
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FRANCHISE NEWS
McGrath announces new social advertising strategy focusing on Facebook and Instagram
“For the past 12 months, we have been actively working with our network to maximise their social advertising results through various partners. We are now in a position to take our brand and property social advertising to the next level, through the implementation of our own in-house digital marketing platform. “Further, we are thrilled to announce that McGrath will become…
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TECH + SOCIAL
Apple’s new iOS system means a whole new augmented reality world for real estate
Apple’s new iOS11 includes ARKit, a new framework for developers to create augmented reality experiences for iPads and iPhones, starting at iPhone version 5s and going all the way up to the latest version X. A few months ago we reported a breakdown on Apple’s announcements from its major annual conference. Apple senior VP of software engineering Craig Federighi announced…
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SUPPLIER NEWS
New e-conveyancing platform Titlexchange tackling inefficiency
The platform digitally automates parts of the conveyancing transaction, and it facilitates completion of the rest of the process by matching property buyers and sellers with a local conveyancer. It also enables stakeholders to the transaction to check the progress of the transaction and communicate directly with their conveyancer. Partnerships with broker platforms including HashChing and eChoice means more than…
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FRANCHISE NEWS
RE/MAX reveals refreshed branding with digital in mind
The bold new presentation of logos, wordmarks, international signs and the iconic RE/MAX Balloon was released at the San Francisco Broker Owner Convention in August; and the same month, delegates at the RE/MAX Asia Pacific Convention on the Gold Coast, Queensland got to sample the refreshed brand for themselves. Since then, RE/MAX Australia and RE/MAX New Zealand have focused efforts…
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FRANCHISE NEWS
Stockdale & Leggo win People’s Choice “Stevie” award
The award is in addition to the Gold Stevie Award that the group won in August after being judged by 200 executives worldwide who participated on 12 juries. Stockdale & Leggo has over 70 offices throughout Victoria, New South Wales, Queensland and the Northern Territory and were delighted to take out the real estate category for the People’s Choice “Stevie” Award…
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FRANCHISE NEWS
Raine and Horne Wetherill Park donate $18,000 to charity
The auction of the modern four-bedroom house at 5 Helena Road, Cecil Hills sold for $900,000 and $18,000 was donated to Bear Cottage. It was a cause close to the hearts of many in the Raine and Horne Wetherill Park office. “We have a contractor who was part of the Bear Cottage family, which is to say his son was…
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FRANCHISE NEWS
First National Real Estate wins Canstar Blue’s customer satisfaction award for second year in a row
Canstar Blue surveyed 1000 people to find out if real estate agents are living up to expectation across customer service, communication and value for money. The survey found that more than two-thirds of customers surveyed (67 percent) experienced poor communications from an estate agent, while only 61 per cent would recommend their agent to a friend. 31 per cent of…
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FRANCHISE NEWS
Century 21 expands corporate team with new appointments and focus on digital
Century 21’s marketing team will now be under the direction of two new national marketing managers – Nic Atkinson and Bianca Anton. Nic Atkinson has over 15 years’ experience as an advertising copywriter, eight years as a franchise owner and four years as a real estate agent. He has amassed a suite of communication skills well suited to a real…
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National
High income households more likely to be over-indebted than lower income households: CoreLogic Property Pulse
High income households are less likely to be debt free and are more likely to be over-indebted than lower income households. This is the main insight from the 2015-16 household income and wealth survey conducted by the Australian Bureau of Statistics (ABS). The results, which includes household debt and over-indebtedness, considers a household to be over indebted if their debt…
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FRANCHISE NEWS
Historic Millers Point Workers Dwellings sold for $26M by McGrath
McGrath Edgecliff agent Peter Starr said interest in the buildings was strong. “Throughout the campaign 141 groups inquired on either the whole block or the four separate parts. After six weeks of marketing, ten parties made formal bids which proved the process to be both competitive and very satisfying. The result demonstrates the ongoing confidence in the future of Millers…
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Commercial Real Estate
Probuild revealed as the nation’s most active construction company during 2016/17
The Housing Industry Association (HIA) Construction 100 report presents in-depth analysis of the engineering construction, non-residential building, and apartment sectors and ranks the largest 100 companies operating in these sectors. Victoria-based Probuild has made the most of the apartment boom in Melbourne and Sydney as well as the demand for construction of mixed-used developments including luxury hotels to jump from…
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INDUSTRY NEWS
Metricon Homes revealed as the nation’s number one residential builder
The HIA Housing 100 report shows Metricon Homes reported a total of 4,367 starts – two more than last year – across Victoria, Queensland, New South Wales and South Australia. This included 3,876 detached houses and 491 semi-detached dwellings. The number of new houses commenced in Australia has fallen over the last year, but the bar for entry into the…
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FRANCHISE NEWS
The Laing family move to The Agency after 23 years with Raine & Horne
The Laing family has been in real estate for 59 years, trading as Raine & Horne for 23 years. The offices in Bondi Junction and Coogee/Clovelly will be rebranded as The Agency. “When the opportunity arose to join The Agency, it was an extremely difficult decision to make for Geoff, Michael and I, considering our long-term personal and business relationships,”…
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SUPPLIER NEWS
How can agents effectively use social media marketing?
Leading an auction in front of over 2 million viewers isn’t something many real estate agents experience over the course of their career. But, for Daniel D’Assisi at Noel Jones Doncaster, who was selected to sell the Block property of Sticks and Wombat, it’s exactly the audience size he can expect on Auction Day. Real Estate Bookings who help connect…
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Real Estate News
Melbourne may be the new hotspot for Chinese Investment: Juwai.com
Chinese buyer demand for Australian property by might be down from the boom period of the last two years but by no means will it taper off, according to Jon Ellis, CEO of Investorist. Mr Ellis, CEO of Investorist, says that buyer demand from Chinese investors is down in 2017, but needs to be seen in context. “Yes the…
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INDUSTRY NEWS
Sydney and Melbourne drive property price rise of 1.9 per cent
Price rises in Sydney (2.3 per cent) and Melbourne (3.0 per cent) were partially offset by falls in Perth (0.8 per cent) and Darwin (1.4 per cent). “Residential property prices, while continuing to rise in Melbourne and Sydney this quarter, have begun to moderate. Annual price movements ranged from -4.9 per cent in Darwin to +13.8 per cent in Sydney…
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FRANCHISE NEWS
LJ Hooker surpasses $7 million fundraising milestone
LJ Hooker today announced it has surpassed a landmark fundraising milestone, having raised more than $7 million to date for charity, including more than $570,000 in just 12 months via the LJ Hooker Foundation. LJ Hooker Foundation was established last year to bring together the fundraising efforts of its people across its Australian network of offices who come together to…
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INDUSTRY NEWS
Lenders slash home loan rates as competition for customers heats up ahead of spring selling season: Mozo
The financial comparison site found that 31 lenders have slashed variable rates since August 1, while competition in the fixed rate segment of the market is at its highest in almost 12 months. One in three lenders have cut at least one fixed rate term since the start of August. “Our database shows the number of fixed rate cuts has…
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FRANCHISE NEWS
Ray White international awards celebrates high achievers
The Auckland business has won the award in the Ray White group for the third year in a row. “We are thrilled, proud and very grateful to our community for their ongoing trust in our team,” said Ray White Remuera principal Megan Jaffe. “We are honoured to again be the number one office, credit goes to the team effort as…
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SUPPLIER NEWS
Airtasker founder launches ‘LinkedIn for real estate’ platform Soho
Soho is a property network and app that makes properties discoverable and to help manage everything about property, from storing files to chatting to an agent or property manager. Describing the platform like ‘LinkedIn for Property’, he says, “The big difference with what we are doing as opposed to other startups is we work closely with the industry to bring…
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Real Estate News
How much is a postcode worth? REIV looks at price differences within suburbs
Buyers are often encouraged to purchase the worst house in the best street, but new REIV data suggests the postcode may be worth more than the street name – up to $836,000 more to be exact. In the year to June 30, homes on Beach Rd experienced the largest price discrepancy between postcodes with apartments in Hampton recording a median…
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Real Estate News
Vacancy rates rise in Sydney for second month in a row: REINSW
Vacancy rates across Sydney rose for the second month in a row despite declines in Inner and Outer Sydney, according to the Real Estate Institute of New South Wales. REINSW Deputy President Leanne Pilkington said the August 2017 REINSW Vacancy Rate Survey saw availability in the Sydney metropolitan area rise 0.1 percentage points at 2.0 per cent. “It was a…
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INDUSTRY NEWS
Dulux predicts colour and design trends for 2018
‘Heartwood’ is a shade of pink described as between a “smoky taupe and dusky mauve” and isn’t a surprising choice given the design world’s obsession with ‘millennial pink’ and the shade’s popularity. While Dulux Australia hasn’t released a colour of the year, it has forecasted key colour trends and combinations that we will be seeing in homes. Dulux Australia says…
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