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INDUSTRY NEWS
Growth in owner occupier and investor finance continues price increase: REIA
REIA Real Estate Market Facts for the June quarter 2017 show the weighted average median price for houses for the eight capital cities increased to $768,227, with prices increasing everywhere except for Adelaide and Perth. “The weighted average median price for other dwellings increased to $604,456, again driven by median price increases in Melbourne and Sydney and, to lesser extent, in…
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FRANCHISE NEWS
Belle Property opens office in Port Macquarie
Sue was inducted into the Port Macquarie Chamber of Commerce Hall of Fame in 2017 after winning the real estate business award category for four consecutive years under her former brand. She said the decision to join Belle Property was driven by her growth ambitions. “We’re looking to grow our residential sales team and capture more out of area buyers…
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INDUSTRY NEWS
CoreLogic Property Pulse: Affordability deteriorating at affordable end of housing market
Over the 12 months to August 2017, the most affordable 25% of residential properties nationally recorded value growth of 2.9% compared to growth of 8.0% across the middle 50% of suburbs, and 11.4% growth across the 25% of most expensive suburbs. According to analyst Cameron Kusher, across all market segments the national annual rate of value change has started to…
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FRANCHISE NEWS
Belle Property Noosa principals open their second agency in Coolum
Growing their business through harbouring a culture of quality and team development, John and Ben say their operation has gone from strength to strength. “We came together with the mission to improve the professionalism of agents on the Sunshine Coast,” John said. “We’ve achieved that in our Noosa business through developing better trained agents. Our auctions are achieving extremely strong…
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INDUSTRY NEWS
Brisbane, Gold Coast and Sunshine Coast remain Queensland’s powerhouse markets
The latest REIQ Queensland Market Monitor reporting on the June Quarter median price shows that the Brisbane LGA median house price grew 3.6 per cent in the 12 months to June, to reach a new high of $655,000. The Gold Coast grew 6.8 per cent over the 12 months to June, reaching an annual median house price of $595,000. The…
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Real Estate News
RE/MAX annual convention celebrates top achievers
Eighteen regions now make up RE/MAX Asia Pacific, with delegates also coming from other countries including as Canada, United States, Poland, Argentina, South Africa and Italy. In regional franchise awards presented by RE/MAX LLC at a session for master franchise owners, RE/MAX Australia was the silver medalist for the franchise sales award, which recognized the region’s significant growth year-to-date 2017.…
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FRANCHISE NEWS
Matt Gay appointed as Chief Technology Officer for the Ray White Group
“Matt will be responsible for bringing all software development into a single technology team that works together on both new product delivery and supporting and enhancing our traditional IT systems,” Mr White said. “His responsibility will include the development of data insights and products to enhance the performance of our members in the field. “Matt will lead some fantastic people…
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Real Estate News
A second bathroom adds six-figures to a sale price: REIV
In the year to June 30, two bathrooms added the greatest value to the sale price of two-bedroom apartments in Stonnington, achieving a median of $920,000 – $312,000 more than homes with only one bathroom. Two-bedroom units with a second bathroom also fetched considerably more in Hobsons Bay with a median price of $650,000. This was $184,000 higher than the…
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Real Estate News
South Australian start-up Augment Space allows anyone to create virtual tours
Using the online platform developed by Augment Space, anyone can upload and easily create interactive virtual tours and walkthroughs. The tools available through the platform are compatible with 360-degree cameras – with a plan to include all mobile devices in the future – and the finished tours can be viewed anywhere, on a mobile phone, a tablet or on a…
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Real Estate News
Ray White and Loan Market WA Awards celebrate the state’s high achievers
Ray White WA CEO Mark Whiteman and Loan Market State Director Ken MacLennan opened the evening with a clear message of an integrated future for the two arms of the White Family group. “The 2016/17 year saw plenty of challenges in the market with sales volumes down yet again on last year, but surprisingly the groups managed to navigate the…
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FRANCHISE NEWS
Stockdale and Leggo partners with Deloitte Private to deliver a training and development program for franchisees
The curriculum of the Ignite Program will be designed to challenge franchisees to take the next step in their businesses and to raise the bar in how franchisors can service their franchisee group. “Stockdale & Leggo is incredibly excited about working with Deloitte Private to deliver this internal training and development program, which has been designed to strengthen the…
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INDUSTRY NEWS
Juwai.com appoints a Chief Growth Officer
Juwai.com is the number one Chinese international property portal and Ms Adams’ early focus in the role will be setting up a Southeast Asian business divisions where new roles will be created. She will be based in Kuala Lumpur, Malaysia. With over 20 years of experience in sales and leadership, she is an executive in real estate and media, including…
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Real Estate News
One third of parents helping children buy a home
The new research from financial comparison website Mozo reflects the difficulty first home buyers have in taking their first step onto the property ladder. Parents lent a collective 65 billion to their children to assist with their property purchases, with 67 per cent of parents not expecting a repayment. On average, parents lent $64,206 to their children. Mozo director Kirsty…
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INDUSTRY NEWS
Core Logic Property Pulse September 8: Housing market putting on the brakes
CoreLogic’s Accumulation Index looks at the total returns from the housing asset class factoring in the change in the value of the dwelling and the gross rental return from the property. The figures show that nationally, the total returns from the housing asset class over the 12 months to August 2017 were 13.2%. Because the return is calculated from value…
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Real Estate News
Sarah Burke joins Di Jones Southern Highlands
With a 20-year career in real estate, Sarah has developed an intimate understanding of the real estate process from end to end. She started as a receptionist in 1997 and has since worked for Belle Mosman, Manly and Bowral offices across various facets of the business including marketing, property management and as an assistant. “I’ve watched the brand presence Di…
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FRANCHISE NEWS
Keith Newberry joins Stone Real Estate Belrose
The franchise reports that Mr Newberry currently holds Forestville’s highest priced residential sale $2.68 Million. They also claim he has previously achieved the highest priced sale records for Belrose ($2.65 million in March 2017) and Davidson as well as the second highest residential sale price in Frenchs Forest ($2.35 million). He has also sold over 300 properties in the Forest and Northern Beaches…
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INDUSTRY NEWS
Home renovations boost GDP growth
The ABS released the Australian National Accounts yesterday which reported that GDP increased by 0.8 per cent during the quarter to be 1.8 per cent higher than a year ago. “Solid growth in home renovations activity contributed to a pick up in the pace of economic growth in the June 2017 quarter,” Housing Industry Association’s senior economist. Shane Garrett said.…
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INDUSTRY NEWS
Housing loan affordability declines, rental affordability improves.
The latest REIA Housing Affordability Report found the proportion of median family income required to meet average loan repayments increased by 0.2 percentage points to 31.4 per cent. REIA President Malcolm Gunning said at the same time, the total number of loans and the number of loans to first home buyers increased by 9.6 per cent and 14.0 per cent respectively,…
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FRANCHISE NEWS
Barry Plant Croydon under new leadership
Matthew has been the director Of Barry Plant Lilydale for 11 years and takes over ownership of Barry Plant Croydon in the neighbouring suburb from Geoff Thompson, who has owned and operated the office for almost 30 years. Geoff will still be involved in the business through the rental department. Matthew said he jumped at the opportunity to buy Barry…
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Real Estate News
Harcourts Walk A Mile in Their Shoes 2017 Raises $100,000
Although the sight of men in business suits walking in women’s high heels turned a few heads across Australia’s major cities on September 1, their public display was to support the very serious issue. Raising awareness on the issue of violence against women, The Harcourts Foundation organised over 800 Harcourts staff, family, friends and supporters, and raised $100,000 to support…
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INDUSTRY NEWS
RBA rates decision September 2017
The decision was widely anticipated and it is the 13th month in a row the cash rate has not moved from 1.5 per cent. In a statement accompanying the decision, RBA Governor Philip Lowe said the construction boom seems to have reached its peak. “Residential construction activity remains at a high level, but little further growth is expected,” Dr Lowe…
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Real Estate News
realestate.com.au launches ‘Marketplace’ to sell off the plan property
REA Group says demand for property in Australia has reached all-time highs over the last year and buying off-the- plan is becoming more desirable for many. More than 50% of Australians searching on realestate.com.au are now considering buying an off-the-plan property as a way to get into the market at an affordable entry point, while still maintaining their lifestyle. Realestate.com.au’s…
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Sponsored Content
@realty director says agents need to shift their practices as technology changes
Technology means the real estate industry is shifting and the digital capabilities of running a real estate business needs to catch up. That’s according to James ‘JJ’ Taylor, director of @realty which uses digital technology to give agents the freedom to work remotely while being under a brand. With a growing number of agents nationally, @Realty enables real estate agents…
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Real Estate News
Realestate.com.au launches ‘This is the Place’ ahead of Spring selling season
“It’s exciting to launch the new campaign right in time for the Spring season to really celebrate that moment when Australians find their ‘place’,” Andrew Rechtman, realestate.com.au Executive General Manager – Residential, said. “When you’re selling your home, you want the most amount of people to see it and when you’re looking for a place to live, you want to…
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Real Estate News
Where are the most popular places to retire in Australia: CoreLogic
With only 2,904 residents, the small council area of Queenscliff on the Bellarine Peninsula in southern Victoria, recorded the highest proportion of retirees aged over 65 years (40.3%) according to the ABS data. The small council area of Quairading in Western Australia’s Wheat Belt region enjoyed the greatest house value growth over the year (+21.5%), followed by Shoalhaven in New…
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INDUSTRY NEWS
Vacant land lot prices increasing and creating housing affordability issues: HIA
“Land price increases in Australia are unrelenting,” HIA Senior Economist Shane Garrett said. “The substantial increase in the price of residential land continues to be the single biggest factor behind recent deteriorations in housing affordability,” Mr Garrett said. The HIA-CoreLogic Residential Land Report shows that a typical vacant lot of land for housing increased in price by 2.1 per cent…
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FRANCHISE NEWS
Di Jones inaugural annual market report says Sydney market still strong
The data is produced in partnership with CoreLogic and shows Sydney’s median dwelling price has increased 12.2 per cent over the past 12 months (July 2016-June 2017) and it was the fifth successive year in which dwelling values rose. “However the final quarter in this 12-month period saw only a slight increase in dwelling values, up by 0.8 per cent,…
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FRANCHISE NEWS
Ray White QLD awards recognises high achievers
Ray White Queensland traded $8.6 billion in residential property sales, made up of over 16,000 transactions in 2016-17. In the new category of Chairman Club – those who wrote in excess of $1.25 million in fees and/or 120 sales – the White Family presented Sonya Treloar (Ray White Bridgeman Downs), Michelle McLeod (Ray White Indooroopilly), Matt Lancashire (Ray White New…
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INDUSTRY NEWS
Finalists announced for Annual REA Excellence Awards (AREAs)
The AREAs celebrate success and achievements across the real estate and media industries in the categories of Innovation, Service and Marketing and Community and will be held in Melbourne on November 16. For the first time, the competition will include a Gold AREA – Agency of the Year award, which will recognise agencies who work hard to set themselves apart…
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FRANCHISE NEWS
Raine & Horne predicts strong spring selling season for NSW regional markets
Angus Raine, Executive Chairman of Raine & Horne, said these towns offer lower house prices and better rental returns than Sydney properties. “The much-hyped growth in Sydney’s median dwelling price – which has risen almost 16% in the last 12 months to $856,000 – is driving demand for property in some of NSW’s major regional cities,” Mr Raine said. “Towns…
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Real Estate News
ActivePipe secures $1.8m in seed funding round
“We are not far off opening up a Series A funding round to seriously set up in the US and expand across different geographical locations across the UK,” ActivePipe CEO Ashley Farrugia said. “From what we’ve seen in our extensive research in UK and US markets, our product fit in those markets is exciting. It’s not dissimilar to here as…
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Real Estate News
View.com.au partners with Independent Media Publishers
The partnership with Independent Media Publishers (IMP) follows a decision by realestateview.com.au to rebrand as view.com.au and launch Property 360, a property price estimate tool of over 10 million properties offering consumers the ability to track the value of their home and calculate property price estimates. View.com.au says the commercial cross-promotional arrangement with IMP will provide the portal with increased…
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Real Estate News
Snug.com launches BondCover to free up rental bonds
Rental community platform startup Snug.com is launching its first feature, BondCover, a surety bond designed to transform the rental market by freeing up $4 billion worth of rental bonds. “With 2.5 million renters across Australia, it’s time to recognise good renting,” says Justin Butterworth, Founder of Snug. “The current cash bond system is completely outdated, and the resulting liquidity and…
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Real Estate News
Realtor.com introduces ‘My Home’ to help homeowners manage their home like an investment
Realtor.com has released My Home, a new feature on the desktop and mobile site that allows homeowners to manage their home as an investment. My Home provides homeowners with the tools and information needed to have a view of their home’s value, equity, financing options, neighbourhood activity and trends, as well as home improvement projects that add value to their…
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Real Estate News
Stone Real Estate opens Belrose office
Stone Real Estate has opened an office in Belrose, making it the third new Stone office to open in as many weeks following Stone Illawarra and Stone Beecroft. Northern suburbs agent Ian Clarke will be at the helm of the Belrose/Forest office which will service will service Forestville, Frenchs Forest, Davidson, Belrose, Killarney Heights and Terrey Hills from its new…
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