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Real Estate News
REIWA partners with CoreLogic to provide recent WA sale data
A new partnership between REIWA and CoreLogic means the recent sales results reported on reiwa.com will now appear within RP Data Professional, giving agents access to accurate data within one of Australia’s best property data and analytic platforms. CoreLogic CEO Lisa Claes said the partnership was in works for a number of years. “We are absolutely delighted that now our…
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Real Estate News
Ex-Macquarie Bank director launches new hybrid real estate agency
Sello, a new hybrid real estate agency was launched by CEO and co-founder Macintosh, with David Murphy and Craig Hewett who are both founding investors. Macintosh held senior roles at Macquarie Bank overseeing real estate funds management, risk management, product development and project management. David Murphy runs his eponymous agency in Mosman. Tech entrepreneur Craig Hewett co-founded Wego.com, a leading…
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Real Estate News
Harcourts reports record $98 million in June sales in Tasmania
Interstate buyers and the demand for prestige properties have boosted sales in Tasmania, with Harcourts Group reporting a record $98.1 million in sales during June. “It was our biggest month ever, and represents an increase of almost three per cent over our previous record month,” said Harcourts Tasmania CEO Tony Morrison. “There have been some significant residential sales to attribute…
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Real Estate News
Ray White has biggest year yet with $44 billion in sales
Ray White Group have reported their biggest-ever year with $44.7 billion in sales in 2016-17, up four per cent on the previous fiscal year. The Ray White Group’s sales market share in Australia and New Zealand improved 0.15 per cent to 10.3 per cent in the year to June, and with around 15 per cent of the auction market. Ray…
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Real Estate News
Sotheby’s International Realty opens first office in Hobart, Tasmania
Tasmania Sotheby’s International Realty will provide premium residential and lifestyle real estate services throughout the state. The company’s first Tasmanian office has just opened its doors on Hobart’s waterfront, with an additional office servicing the north of the state due to open by 2019. With the addition of this Hunter Street-based office, led by Managing Director John Huizing, Sotheby’s International…
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Real Estate News
Million-dollar Brisbane duo move to Belle
Mr Oostenbrink has only been in real estate for four years after a successful 15-year career in retail. “I was top three in the country with Apple and Myer in sales. In that position, you don’t want to make the jump, but after the GFC I thought this is the time to do it. “I used to buy and sell…
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Real Estate News
REIWA: Perth market showing signs of stabilising
REIWA President Hayden Groves said that, while conditions remained softer, there were some positive indications the market had finally begun to settle. “We’re certainly not experiencing the steep declines across the board we once were. Although no one can accurately ascertain the future of the property market, the signs are there that we have finally found, or be very close…
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Real Estate News
REA community partnership with Launch Housing to combat homelessness
Launch Housing has been REA Group’s major charity partner since 2014 and since then have helped 1,367 women and children from 483 houses with financial assistance, through the National Rapid Rehousing Fund, which provides financial assistance to women and children who are at risk of, or experiencing, homelessness as a result of domestic violence. REA has also announced two new partnerships,…
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Real Estate News
Growth in Queensland employment over inflated, Propertyology
The growth in Queensland employment is being artificially inflated by one sector, according to research from Propertyology, a professional services property investment firm. “Every state needs to be a champion at something. New South Wales is Australia’s financial and insurance capital, Victoria holds the trophy for manufacturing and major events, and Queensland has become the champion of ‘administrating’,” said Simon…
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INDUSTRY NEWS
New listings higher than year ago while total listings lower: CoreLogic
The number of new listings is higher than a year ago but the total number of listings is lower, according to CoreLogic data. The number of properties advertised for sale is now showing substantial differences between regional and capital city markets, as well as between individual capital cities. Research analyst Cameron Kusher noted that comparing the capital city and national…
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INDUSTRY NEWS
REIWA: Perth properties selling faster by auction than private treaty
Perth sellers struggling to sell should look at going to auction, with the Real Estate Institute of WA revealing it was 42 days faster to sell by auction in the metropolitan area than by private treaty in the three months to June. REIWA President Hayden Groves said that, while auctions represented a small component of the Perth property market, those…
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Real Estate News
Raine and Horne: Baby boomer demand for apartments could change Adelaide real estate
Baby boomer demand for apartments could change the face of Adelaide real estate, according to Raine & Horne. South Australians’ preference for detached housing is reflected in recent research showing the capital city values have grown consistently since June 2016, with detached housing values increased by 3.1% compared to a modest 0.3% for apartments, according to CoreLogic. However, baby boomers…
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Real Estate News
Measuring Indoor Traffic with Indoorway
A Polish company has created a handy tool for commercial real estate, allowing real-time analysis of foot traffic in various indoor spaces. Indoorway released their app to “smarten up brick and mortar buildings” and enable precise analysis of foot traffic within retail, office, industrial, public and transit locations. They say that although the smart city trend is constantly increasing, businesses…
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Real Estate News
NSW tradies prices up 8% from last quarter
The renovation boom due to high house prices has left NSW tradies cashed up, with tradie prices in NSW up 8.4 per cent this quarter. Tradies are charging an average of $62.90 per hour, according to figures from ServiceSeeking.com.au’s Tradie Price Index. The last Tradie Price Index, released in May, showed a drop in the cost of hiring a tradie,…
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Real Estate News
@realty launches training academy for group members
@realty has launched a training academy for its 400 agents around Australia to upskill and expand learning for members. The Queensland-based group, under the leadership of JJ (James) Taylor, is teaming up with industry-leading trainers to provide training for innovative products and upskilling in particular areas. Mr Taylor said education is key to being an agent who can adapt to…
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Real Estate News
Mark Robinson joins Unison’s ‘Highfields’ Sales Team
Mark Robinson has joined the sales team for Unison Projects’ ‘Highfields’ master-planned residential community at Bridgeman Downs on Brisbane’s northside, where vacant land is in short supply. ‘Highfields’ is one of the largest new estates in Bridgeman Downs and will comprise 134 lots in an established residential area well supported by transport infrastructure, just 13km from the Brisbane CBD. Unison…
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Real Estate News
Coronis partners with Diakrit to provide state-of-the-art property marketing
Queensland super group Coronis has launched state-of-the-art marketing software across their 22 offices across the state in partnership with digital real estate marketing company DIAKRIT. The technology allows clients to interact with online listings using tools including magazine quality photography, virtual reality plus 2D and 3D floor plans, allowing potential buyers to “mentally move in” and engage with the property.…
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Real Estate News
Ray White Springwood expands next door to Daisy Hill
Ray White Springwood principals Lindsay Battley and Michael Lanskey are expanding their business and opening an office next door in Daisy Hill. The pair have more than 20 years’ experience and 25 per cent market share in Springwood. “We opened Ray White Springwood four years ago on our own,” Mr Lanskey said. “Over the years we have had a consistent market…
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Real Estate News
Di Jones agent Emma Brown-Garrett wins Novice Auctioneers Competition
Auctions are often described as the real estate industry’s ‘piece of theatre’, and a background in acting has helped novice auctioneer Emma Brown-Garrett secure a place in the State Final of the REINSW Novice Auctioneers Competition. Ms Brown-Garrett, a sales agent based at the Woollahra office of Di Jones Real Estate, won the 10th and final heat of the Novice Auctioneers…
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Luke Croft takes over leadership at Ray White South Brisbane
After 25 years at Ray White South Brisbane, Dean Yesberg has handed over the reigns to focus on Ray White Brisbane CBD Residential. Luke Croft, Alan White elite member and in the top two per cent of the Ray White Group, will take over the leadership at Ray White South Brisbane. Originally a panel beater by trade, Mr Croft has…
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Real Estate News
Cute toddler photobombs listing photos
How do you get more people to look at your listing? Simple. Just add a cute toddler. That’s what Bell Real Estate agent Rebecca Halit learned when three-year-old Henry photo bombed the listings photographs, propelling the house at 17 Glen Harrow Heights Rd in Belgrave to international stardom. The McAdam family listed their three-bedroom home, located in Belgrave just outside…
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Real Estate News
CoreLogic Property Pulse: How did the housing market perform over the financial year?
Research by CoreLogic has confirmed that over the past 20 financial years combined capital city dwelling values fell just twice. Over the last twelve months, CoreLogic found that combined capital city dwelling values increased by 9.6 per cent, which was actually greater than the 8.3 per cent rise over the 2015-16 financial year. According to research analyst Cameron Kusher, combined…
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Real Estate News
Govt crackdown may open up $100m worth of property, but will come with a cost: Gunning
Limiting foreigners from buying property in Australia is xenophobic, according to the Real Estate Institute of Australia president Malcolm Gunning. Mr Gunning’s comments come following the news of the Government’s crackdown on illegal foreign property purchases, which could open up more than $100 million worth of property. The hurdles placed in front of foreign buyers are significant and are working,…
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Elite Agent
Psychology expert says working remotely has benefits
Offering your employees the option to work remotely should be standard practice rather than a perk, and is the key to implementing the practice successfully. This is the message a workplace psychology expert will give the APS College of Organisational Psychologists Conference in Sydney today. Workplace psychologist George Mylonas MAPS says that in the right circumstances remote work, or telecommuting…
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INDUSTRY NEWS
Investor housing finance on downward trend
Finance approvals for investor housing are on a downward trend, according to the latest housing finance figures released by the ABS. The value of investment housing commitments decreased by 1.5 per cent in May in trend terms. This follows a fall from April 2017 and is well down from its 2015 peak. REIA President Malcolm Gunning said the May figures…
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Real Estate News
New home and first home buyer lending bounces up in May
First-home buyers have come back into the market, according to ABS housing finance data which shows new home lending increased in May this year. The ABS has released the Housing Finance data for May 2017, which shows new home lending increased during that month. Housing Industry Association’s principal economist Tim Reardon said lending to first-home buyers coincided with an increase…
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Elite Agent
Darren and Craig Fine share their social media secrets
Real estate is a business based on images and perception. With so many tools out there to visually and emotionally connect with leads, it’s surprising that more agents are not using social media to reach more buyers. On Instagram, for example, users click the ‘like’ button 2.5 billion times. Per day. SnapChat is one of these tools, and with 100…
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Real Estate News
The dangers of DIY depreciation this tax time: BMT
Property investors who attempt to assess their depreciation claims themselves rather than relying on an expert are at risk of missing out on thousands of dollars in legitimate tax savings from their properties. This is the message from BMT Tax Depreciation Quantity Surveyors, who have worked with more than half a million property investors to help them use tax depreciation to…
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Real Estate News
HIA: Home renovation market gets a makeover with return to growth from next year
Following a slump in renovation jobs this year, HIA are predicting the home renovation market will return to growth from 2018 onwards. The July 2017 edition of the Housing Industry Association’s Renovations Roundup report reveals forecasts and figures for the $32 billion Australian home renovation market. HIA principal economist Tim Reardon says with new home building set to decline over the…
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FRANCHISE NEWS
RE/MAX opens in Brisbane suburb of Hendra
The new RE/MAX Signature office in Hendra, Brisbane, will open its doors later this month and is shaking up the traditional model. Under the leadership of Richard Siganto, the office is in a strategic location for accessing main roads and a number of key suburbs. Mr Siganto has taken the unusual move to open in a 340-square metre warehouse, offering…
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Real Estate News
Agents of Mercy charity campaign raises $2000
‘Agents of Mercy’, an overseas aid campaign led by Pilot Real Estate in Mornington Peninsula has raised just over $2000 from grassroots fundraising. Principal Luke Woollard said the funding was going to a worthy cause, with 90 percent of the $2129 raising going to housing programs in the Philippines. “We are breaking the poverty cycle slowly but surely for some…
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FRANCHISE NEWS
Paul Franks joins Ray White Warriewood
Ray White has added another office in NSW in the Northern Beaches suburb of Warriewood, under the helm of experienced property valuer Paul Franks. The office is due to open its doors later this month and is centrally located on Pittwater Rd, with an exposure of 40,000 residents driving past daily. Mr Franks will be supported by three other staff…
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Real Estate News
Chinese buyers spent a record US$101 billion on international property last year
Chinese buyers spent a record US$101 billion on international real estate in 2016, according to a report by Juwai.com, the Chinese international real estate website. The US maintained its position as the top recipient of investment capital with Australia coming in second. The report projects Chinese international property acquisition will be lower in 2017 at around US$80 billion, but will…
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Real Estate News
Core Logic Weekly Wrap – Census Data and Housing Supply
As our population continues to grow, so too does our need for more housing. The 2016 Census housing data shows an increase in housing stock between 2011 and 2016, and how the types of housing being built in capital cities have changed over those years. Despite being in the midst of a nationwide dwellings construction boom over recent years, the…
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Real Estate News
Clearance rate for in-room auctions has been higher than on site: Cooley
Cooley’s has crunched the numbers to end the debate between in-room or on-site auctions – with ‘in room’ auctions winning by a mile. Cooley Auctions, the Sydney-based auctioneer group have compared both auction methods for selling a home and weighed up the pros and cons. Director Damien Cooley says his in-room auction numbers paint a persuasive picture. “The in-room numbers…
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