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Real Estate News
Real estate agency Di Jones expansion intensifies
The expansion at Di Jones Real Estate continues with the team at Wahroonga being bolstered by the appointment of two renowned sales agents from McGrath Pymble. Di Jones Real Estate chief executive Rob Ward said the appointment of Valerie Latham and Linda Ratcliff would now see its staff numbers at the Wahroonga office increase to 23. “Combined, Valerie and Linda…
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Real Estate News
RBA leaves cash rate unchanged at 1.5 pct, industry reacts
The Reserve Bank of Australia (RBA) has left the official cash rate unchanged at 1.50 percent on Tuesday with no plans of an imminent hike anytime soon, the Housing Industry Association said. The association’s senior economist, Shane Garrett had welcomed the decision but felt some areas needed improvement especially when it came to tightening the conditions for investors. “There has…
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Real Estate News
Laing+Simmons MD says NSW gov should do more to help first home buyers into the market
The Reserve Bank (RBA) has left interest rates on hold as expected, piling more pressure on the New South Wales (NSW) government to take the lead out of its Victorian counterpart and introduce strategic measures to support first home buyers. Laing+Simmons managing director Leanne Pilkington said interest rates were at their lowest point in the cycle particularly from the bank’s’…
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Real Estate News
Leah Jay honours its all girl dream team on International Women’s Day
Newcastle-based property management company Leah Jay is acknowledging its 50 female staff today, International Women’s Day. Twenty-two years after the business was founded, the company has grown from strength to strength to four offices with 50 staff – all of whom are women. While the predominance of female workers not unusual within the property management sector, the fact that all…
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INDUSTRY NEWS
No relief in sight for buyers and renters as Aussie property demand skyrockets
Demand for property has hit yet another record high in February, suggesting that the price growth will continue, while the affordability crisis in Sydney and Melbourne will only become more prevalent, the latest REA Group Property Demand Index report said. As a result of this, people will continue to be priced out of the market and pushed to regional areas,…
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National
REISA wants stamp duty abolished to stop the state’s brightest from moving to the Eastern states
The Real Estate Institute of South Australia (REISA) wants its state government to replicate the move taken by the Victorian authorities in abolishing stamp duty for first homebuyers as it strongly believes the step would stem the outflow a huge brain drain from moving interstate. “The state government is always seeking ways of making South Australia more attractive to our brightest…
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Real Estate News
Leading Dutch property portal uses big data to design houses that buyers want
Funda, Netherlands largest property website with over one million visits a day has started using big data to develop homes that buyers want. The portal which attracts more than 4.3 million unique visitors a month says the Dutch dreamed of living in castles, and many wished they could afford a detached house, but end up settling for a terrace homes…
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National
Household debts likely to stand in the way of rate hikes: Core Logic
CoreLogic Property Pulse research analyst Cameron Kusher has a strong inkling that the Reserve Bank of Australia (RBA) would not be increasing its interest rate in the short term due to record high levels of household debt filed by the Australian public. Kusher said RBA governor Philip Lowe suggested last week that if it weren’t for the strength of the…
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Real Estate News
REIV chief says new long-term lease provisions need more thought
The Victorian state government changes on long-term lease provisions, including a new continual standard tenancy agreement for rentals of more than five years, have received a mixed reaction from the Real Estate Institute of Victoria (REIV). While the body supports the new provisions for long-term leases, REIV chief Gil King said these changes come in the midst of a major…
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NSW Real Estate News
The Agency sells $10 million worth of Sydney properties in a day
Perth-headquartered The Agency has another successful weekend of auctions in Sydney last week, turning over $10 million worth of properties in a day. The company announced that of the seven properties up for auction on February 25, six of those were either sold at or before the sale at a clearance rate of 85 percent. “The sale of six properties,…
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Real Estate News
Maitland real estate agency joins Starr Partners
Maitland’s Tony Cant Real Estate will join one of Australia’s most innovative real estate groups, Starr Partners, and rebrand as Starr Partners Maitland from March 1. Having established itself in the Maitland area over the past 40 years, director Andrew Cant said the change will take Tony Cant Real Estate’s already thriving business to the next level, and clients and…
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INDUSTRY NEWS
Amber Werchon Property Awarded QLD’s Best Largest Residential Agency for 2017
Sunshine Coast real estate agency, Amber Werchon Property (AWP), won the Largest Residential Agency category at the Real Estate Institute of Queensland’s (REIQ) annual awards for excellence, held at Brisbane City Hall on Feb 4. Founder and Director of AWP, Amber Werchon, has been the recipient of multiple industry awards over her 17-year career but said that receiving this award…
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Elite Agent
Limited dwellings makes tenants offer more money to secure rental properties
Competition to secure a rental property is driving up prices across Sydney, says Di Jones Real Estate. The company’s head of investment management Bridgette Barker said the agency is experiencing high demand for three and four bedroom family homes in the eastern and northern suburbs. “Since the beginning of 2017, we’ve seen families willing to pay above the advertised price…
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INDUSTRY NEWS
Barr Essentials Helps Real Estate Agents Prospect Via Funnel Marketing
A Sydney-based former broker has started her own digital marketing company which provides prospecting services to real estate agents that helps them to save time and money. Emma Barr, the owner and founder of Barr Essentials said her company’s custom designed lead generation funnel helps individuals and agencies throughout Australia source for listings via targeted social media campaigns using Facebook…
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FRANCHISE NEWS
Darwin property values records high sales activity says Raine & Horne
After two consecutive quarters of strong sales activity, prices in Darwin’s northern suburbs are set for an upswing, said Raine & Horne Darwin, general manager Glenn Grantham. Houses located in Jingili, Karama and Anula, are attracting 30-40 groups to open homes, with many selling it within three weeks of reaching the market, said Grantham. “There was a bounce in buyer…
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Real Estate News
New Home Sales Dives in January: HIA
The Housing Industry Association (HIA) has recorded a mild dip of 2.2 percent for new dwellings sales in January. HIA chief economist, Dr Harley Dale said the weaker update on its New Home Sales Report follows a decent run for new home sales in December. “Given that Australia is tailing off from the largest and longest new home building cycle…
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Real Estate News
Master Builders Australia CEO calls it a day after 26 years in the organisation
Master Builders Australia’s longstanding chief, Wilhelm Harnisch, has announced his resignation on Wednesday, after 15 years in the top job. Harnisch who has been with Master Builders for last 26 years left the job voluntarily as he felt that it was time to move on to other endeavours. Harnish has had an illustrious career with Association since he first started…
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INDUSTRY NEWS
Capital city dwelling values rises by 1.4 percent in February: Core Logic
CoreLogic’s monthly Hedonic Home Value Index has reported a 1.4 percent rise in the value of capital city dwellings in February. The strong capital gain over February was led by Canberra (+3.2 percent) and Sydney (+2.6 percent), with Melbourne (+1.5 percent) and Hobart (+1 percent) also returning significant increases. In contrast, dwelling values were down over the month across Darwin…
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INDUSTRY NEWS
All Female Aussie Construction Company Wins International Award
Sydney-based firm Diva Works has recently won the Gold Award for Sales Growth at the 11th annual Stevie Awards for sales and customer service held at the Caesars Palace Las Vegas in Nevada last month. The Stevie Awards received over 2,300 entrants from organisations in virtually every industry around the world and were judged by more than 77 judges. Diva…
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Elite Agent
New report shows real estate industry one of the worst for gender pay equity
A recent survey by BankWest has revealed that there is 29.3 percent gender pay gap between men and women in the real estate industry, translating as one of the worst professions for gender pay equity. Among other findings of the report: The high gender pay gap in the industry is consistent with the industry’s low percentage of female leaders (22%)…
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National
McGrath Property, makes the most “mobile ready” brand list
ASX-listed McGrath Property, alongside brands like Kogan and the Iconic, are the only property agency company listed on the top ten most “mobile ready” brands in benchmarking study by Ansible Australia. Ansible, a mobile marketing and technology agency revealed what they see as the top ten Aussie brands with the most significant presence at the recent Mobile World Congress, a…
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INDUSTRY NEWS
Award winning South Australian Agent comes back better than ever
A Ray White agent who was involved in a life-threatening car accident last year has made a robust comeback to real estate. Rachel Lawrie joined Ray White SA Metro last October after making full recovery from an accident in May and since then, she’s not only just reestablished herself as an agent, she’s now a fully accredited auctioneer and is…
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Elite Agent
Highway to Success: Taney Jain
Taney Jain never expected a career in real estate and thought he would end up driving trucks for a living. But a series of events steered him along a road that has proved highly successful for him, having just won the Tom Panos ‘My Prospector’ calling challenge, making 2,200 calls in a single month. Taney Jain almost didn’t make it…
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INDUSTRY NEWS
REINSW to meet new Minister for Innovation to discuss proposed changes to the RTA
The REINSW have presented their areas of concern last month with respect to the latest overhaul of the Residential Tenancies Act to The Office of Fair Trading and have scheduled a meeting with new Minister for Innovation and Better Regulation Matthew Kean to provide feedback. “We felt it was necessary to take action ahead of any proposed amendments to the…
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Elite Agent
Agencies combine expertise to deliver hot property purchase tips in a weekly write-up
Two of the Inner West’s property agents, have teamed up to share their knowledge on the do’s and don’ts of buying a property in Sydney through a weekly write-up at the Inner West Times owned by independent publisher Torch Publishing. Co-authors, Maria Hodgson of Day & Hodgson Real Estate and buyers agent Amanda Gould of HighSpec Properties articles provides expert…
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INDUSTRY NEWS
Purplebricks expands to the US
UK-headquartered online real estate agency Purplebricks is expanding to America; the company told the London Stock Exchange last Wednesday. The company also announced details of the placing to raise gross proceeds of up to £50 million through the issuance to finance the expansion in a state by state roll-out to the US by mid-2017. Since it’s launched less than three…
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INDUSTRY NEWS
Century 21 Home Loans Appoints New National Manager
Century 21 Australia has appointed former banker Ben Braysich as its new national manager for Century 21 Home Loans. Braysich brings a wealth of financial services experience after having spent three years at Macquarie Bank and seven years with the Commonwealth Bank Group, which saw him winning the 2016 NSW Private Banker of the Year Award. “My immediate plan is…
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INDUSTRY NEWS
New Research Finds Majority of Aussies Would Turn Their Backs On Big Banks In The Event Of A Crisis
Despite 80 percent of the Australian home loan market being held by the big four banks, almost three in four people believe a major bank would not provide the best service for customers facing a crisis. The nationwide survey, conducted by Galaxy Research for online lender State Custodians Home Loans asked 1,005 respondents who they think would provide the best…
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Real Estate News
REIWA and COTA commend Barnett Government for committing to $15,000 concession for WA seniors
The Real Estate Institute of Western Australia (REIWA) and Council on the Ageing (COTA) have come together to campaign for transfer duty reform for the elderly, and have welcomed the Barnett government’s announcement that it will commit to a $15,000 transfer duty concession for seniors if re-elected. REIWA president Hayden Groves said he was happy that the current state government…
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Elite Agent
Tremendous savings recorded by Aussie family with Tesla’s Powerwall home batteries
One Australian homeowner has saved $2,110.46 in annual electricity bills, paying a total of just $178.71 in the past twelve months with the use of Tesla’s Powerwall home batteries. The Pfitzner family were Australia’s first owners of the Tesla power battery and say they have managed to reduce their total electricity bill by 92.2 percent since their system was installed…
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Real Estate News
REIWA says Labor’s new proposed property tax will hurt WA
The Real Estate Institute of Western Australia (REIWA) is unhappy with the Australian Labor party’s plans of wanting to tax foreign buyers in the future. REIWA president Hayden Groves in a statement on Monday said he was surprised by the additional tax charge for foreign buyers was announced by Labor reps on Sunday. as it was done without seeking the advice from…
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Real Estate News
Belle Property Opens Office in Mumbai, Aids Indians To Buy Properties In Australia
Australian owned boutique agency Belle Property International (BPI) has opened an office in Mumbai, in order to capitalise on the growing number of Indians investors interested in purchasing residential and commercial properties across Australia. Based in India’s financial capital Mumbai, the expansion forms a part of the company’s strategic plan to expand into Asia throughout the year. “We are creating…
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Real Estate News
Goldman Brothers organise charity run in Jervis Bay for Kids Giving Back
The Sydney-based Goldman Brothers team are organising their first ever adventure run event in Jervis Bay National Park from May 5 till May 7. The race charity challenge is expected to attract limited to 30 participants who would be raising a total of $75,000 for Kids Giving Back, a local charity organisation dedicated to encouraging children to give back to…
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Real Estate News
New Workplace Technology combats Employee Disengagement for the Real Estate Industry
Real Estate Dynamics has recently launched REDlinx the Real Estate specific communication hub to help agencies improve team engagement and inter-office communication. The need for this product came from coaching over 400 agencies for the past three years and identifying the high rate of disengagement of employees, the company said in a recent statement. The REDlinx platform enables an Agency’s…
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Elite Agent
National agency Oliver Hume recruiting university graduates
While education levels in the industry have been a concern for some time now, Hamish Barton is among an increasing number property agents who are university educated. After graduating from high school and working for several property businesses in Qld, Brisbane-based Barton says he knew from an early age real estate would be his calling. Barton’s education, along with his…
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