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Real Estate News
Land Sales Recover, As Prices Rise Says HIA and CoreLogic Latest Report
The latest Housing Industry Association (HIA), CoreLogic Residential Land Report has revealed that residential land sales have increased for the second consecutive quarter as prices reached a new high during the three months to period ending September 2016. HIA senior economist, Shane Garrett said during the quarter, the volume of land sales increased by 1,121 lots compared with the June…
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NSW Real Estate News
White Square Properties sees success after refocusing on smaller developers
Bella Vista based agency White Square Properties has recorded a stellar six months after rebranding from Elderton Realty and refocusing the business to provide sales solutions for smaller property developers. In the past six months (from June to December 2016) the company reports selling over $76 million worth of land and house and land packages in Riverstone and Schofields in…
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INDUSTRY NEWS
Reduce cost of stamp duty by 50 percent for retirees and see how housing supply rises, says REINSW
The Real Estate Institute of New South Wales (REINSW) is calling for the state government to give a 50 percent discount to retirees with dwellings, adding that the move will help increase necessary housing supply. REINSW President John Cunningham said the discount should also be extended to upgraders who had intentions to sell but choose not to due to the…
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INDUSTRY NEWS
REIWA CEO celebrates 40 years in the job and reflects on evolution of Perth property market
The Real Estate Institute of Western Australia (REIWA) longest running employee and CEO, Neville Pozzi, is amazed at how the Perth real estate market had transformed since he started working for the association 40 years ago. “When I began at REIWA in 1977 as an accountant, Perth’s median house price was just $33,800. A far cry from the prices we…
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Real Estate News
Di Jones opens new space in Southern Highlands, to capitalise on local growth
Young Sydney families are slowing moving away from the hustle and bustle of city life and into the Southern Highlands due to its value and lifestyle offering, a real estate agency has suggested. Di Jones Real Estate who first established an office in Woollahra in 1992 has decided to capitalise on the trend of migrating home buyers by opening its…
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Real Estate News
Leasing activity rises in Perth for December quarter
Leasing activity in Perth has risen significantly with latest figures for the last December quarter showing improvement of 23.8 percent compared to the prior corresponding period. Real Estate Institute of Western Australia (REIWA) president Hayden Groves said its data showed all five sub-regions experienced notable increases in activity over that time. “While conditions in the rental market remain challenging, the…
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Real Estate News
NSW rental markets influenced by festive season: REINSW
Latest data compiled by the Real Estate Institute of New South Wales (REINSW) shows that rental markets were greatly influenced by the festive season and summer holidays. REINSW president John Cunningham said the institute’s January vacancy rate survey revealed that Sydney metropolitan market was up significantly whenever holidays was just around the corner. “Inner Sydney and Outer Sydney saw an…
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Real Estate News
The Agency Appoints Stuart Cox as its new State Sales Manager for WA
Real estate industry veteran Stuart Cox has been appointed as the “The Agency’s” latest state sales manager for Western Australia, effective immediately. In this role, Cox would be tasked to work with The Agency’s Sydney office in implementing unified policies and procedures as well as assume the responsibility for recruiting, managing day-to-day affairs and working on improving the company’s business…
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Real Estate News
Nesters Australia uses tech to sell clients properties with low-commission of 1.5 percent
A Perth-based real estate agency is saying they have worked out a strategy to help their client sells their homes quickly, with the lowest possible commission. Nesters Australia operates through a smartphone app, and only charges a commission of 1.5 percent while promising to secure the best possible price on the seller’s property. With the market conditions that have been challenging…
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INDUSTRY NEWS
Demand for housing in Southeast Asia to increase, say Raine & Horne
Kuala Lumpur-based Michael Geh, a senior partner of Raine & Horne International Zaki + Partners Sdn Bhd, says three major South-east Asian countries namely Malaysia, the Philippines and Indonesia would likely be experiencing increased demand for housing in the coming months. “About 47 percent of the population of Malaysia, or 14.3 million people, are aged between 20 and 49, and these…
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Real Estate News
Cooley Auctions braces itself for Super Saturday this coming Feb 25
Super Saturday is coming early for Cooley Auctions with 100 homes set to go under the hammer on February 25, a personal best for the team. Looking back at the same weekend over the past five years, February has never looked hotter for Cooley Auctions as only 2014 came close with 97 auctions in one day, but this year will…
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Real Estate News
REIWA welcomes state govt’s commitment not to increase or introduce new state taxes if re-elected
The Real Estate Institute of Western Australia (REIWA) is satisfied that the current state government has given its word not to add any new taxes or raise existing ones should they be re-elected on March 11. REIWA president Hayden Groves said the commitment put forward by the Colin Barnett Liberal government would be a welcome relief for the state’s home…
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Real Estate News
Former RBA governor asked to help NSW govt tackle housing affordability woes
Newly appointed New South Wales premier Gladys Berejiklian has recruited former Reserve Bank of Australia (RBA) governor Glenn Stevens to provide input on how to making housing in the state more affordable. Berejiklian told NSW Parliament on Wednesday that Stevens had accepted a personal invitation to provide input into the strategy. “The NSW government understands that housing affordability is top…
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INDUSTRY NEWS
Penrith’s Mooney Real Estate creates brand awareness by helping local schools
The high cost of advertising with traditional media such as print and radio advertising has forced one startup real estate agency in Western Sydney to think out of the box. Out of frustration, the newly set-up Penrith Mooney Real Estate agency has come up with a clever approach in promoting their business through a community-based program known as the “Schools…
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Real Estate News
Survey finds one in four Australians homes are already “smart”
A recent study has found that one in four Australian homes are already considered smart homes, or dwellings where occupants can control the functions of the house with a tap of a smartphone or a computer saving energy and money. In a recent survey commissioned by ServiceSeeking.com.au, they have found that more people are turning their homes into smart dwellings…
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Real Estate News
Andrew Crauford appointed as Ray White NSW new Sydney Metro chief
After seeing exponential growth in 2016, Ray White NSW has announced that Andrew Crauford has assumed the position of CEO – Sydney Metro. Mr Crauford’s new role will see him take charge of the southern, western and northern Sydney suburbs, outside of the inner-city markets, to ensure Ray White businesses are operating at their optimum. “I’ve got the utmost respect…
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Elite Agent
Agent Profile: Amber Werchon, Director of Amber Werchon Property
Amber Werchon decided not to pursue university but instead entered the workforce at the tender age of 17. Starting out as a receptionist at Ray White, she began selling property a year later and has never looked back. Today, as sole director of her own agency on the Sunshine Coast, Amber Werchon Property, she has over 40 people on her…
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Celebrity Homes
US portal Zillow goes inside celebrity couple’s love nests for V-Day
In honour of Valentine’s Day, Seattle-based real estate marketplace Zillow has gone inside the homes of some of Hollywood’s most sought after celebrity couples who had recently put their properties up for sale to replenished them with new dwellings. Among them is one of Hollywood’s most powerful couple, Kurt Russell and Goldie Hawn who recently listed their Los Angeles mansion…
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Real Estate News
Coldwell Banker gives away free perfume and red roses on Valentine’s Day
Coldwell Banker South West Realty in Wattle Grove is giving away a small bottle of perfume, and a single red rose to anyone that says the words “I Love Coldwell Banker” at their office premises on Valentine’s Day. The freebies are limited and would only be given out to those visiting the agency between 10 am and 4 pm. The…
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Real Estate News
Perth, a haven for smart investors, so buy up says Momentum Wealth
Several recently released statistics are beginning to show that the Western’ Australia’s capital city Perth is fast becoming a hotspot for investors keen on parking their money in residential properties. The is because Perth is moving through the bottom of its current residential property cycle, providing opportunities to investors who may want to capture the full benefits of the next…
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Real Estate News
Residential builders off to a strong start, says Masters Builders Australia
Building activity for the year particularly for home building businesses is set for a strong start, says the latest survey commissioned by Masters Builders of Australia. The Master Builders National Survey of Building and Construction said the survey findings painted a positive outlook at the national level reflecting the record building approvals and housing loans approved in 2016 with over…
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Real Estate News
New home sales bounces back: HIA
New home sales have bounced back particularly at the tail end of last year, as the latest survey commissioned by the Housing Industry Association (HIA) has revealed. “New home sales hit a two-year low in October last year, but recovered well in November and December,” HIA chief economist Dr Harley Dale said. “The late 2016 results were strong for the…
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INDUSTRY NEWS
Positive median house price growth in regional WA in December quarter
Six out of the 12 centres across regional Western Australia has experienced a positive median house price growth in the December quarter 2016 according to the latest study commissioned by Real Estate Institute of Western Australia (REIWA). REIWA president Hayden Groves said the strong showing was an optimistic sign for the regions as it had a positive effect on regional…
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Real Estate News
LJ Hooker encourages lifelong training for its real estate agents via new software
LJ Hooker will invest $100 million in the next three years to accelerate the real-estate industry’s digital transformation with a mission to turn Australia into the world’s most advanced and well-served property market. The initiative will kick start with the unveiling of LJX-Lab, a digital research and development vehicle which they say will foster innovation through identifying, incubating and commercialising…
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Real Estate News
Jason Andrew joins Ray White as its new CEO-Sydney
Ray White NSW has announced Queensland auctioneer Jason Andrew as assuming the position of CEO – Sydney. Under Andrew’s leadership, Ray White’s brand presence in Sydney’s most prestigious suburbs is set to strengthen even further through him bringing his real estate business knowledge to the fore. In this newly created role, Andrew has been tasked with increasing Ray White’s stronghold in the…
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INDUSTRY NEWS
RBA keeps cash rate fixed at 1.5 percent, industry reacts
The Reserve Bank of Australia (RBA) decision to keep interest rates on hold at the record low of 1.50 per cent at its first meeting of the year has come to no surprise to many pundits in the real estate industry. Real Estate Institute of New South Wales (REINSW) president John Cunningham was unfazed. “Housing affordability will be hotly debated…
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Real Estate News
Finalists announced for this year’s Property Council Innovation and Excellence Awards
Some of the best buildings and brightest talents in Australia’s property industry will be honoured at the 35th Property Council of Australia/Rider Levett Bucknall (RBL) Innovation and Excellence Awards. 141 finalists were named ahead of the awards ceremony to held on May 5 at the International Convention Centre Sydney. Property Council’s Chief Executive, Ken Morrison said the awards, which is…
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Real Estate News
REIWA kicks off state election campaign focusing on four policy reforms
Real Estate Institute of Western Australia (REIWA) launched its 2017 State Election campaign, which will roll out four key policy changes over the next three weeks to help put property issues on the agenda and stimulate activity in the market to help drive growth. REIWA president Hayden Groves said the institute had consulted with its members and identified four key…
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Real Estate News
South Australia’s housing market records healthy increase in sales
South Australia’s housing market has recorded a healthy increase in the volume of sales for the last quarter of 2016 which offers a dose of optimism for the market in the coming months. Real Estate Institute of South Australia (REISA) president, Alex Ouwens, said that the latest figures showed a stable median price of $440,000 – the same result as…
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Real Estate News
Buyer’s agent Cohen Handler launches standalone auction bidding assistance
Bidding at an auction may now be less stressful for some Australian homebuyers with the launch of AuctionWiz, a new platform engineered by buyers’ agency Cohen Handler, providing standalone auction bidding assistance. Starting Monday, customers looking for representation from a buyer’s agent on auction day can sign up to AuctionWiz and connect with a Cohen Handler buyers’ agent for assistance…
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Real Estate News
Melbourne-based agent applies to Guinness World of Record to be world’s first fastest selling agent
A Melbourne-based real estate agent has just applied to be recognised as the fastest selling realtor in the world by the Guinness World of Records. Zed Nasheet of LJ Hooker Hampton Park told Elite Agent that he had put in an application for the World Records’ feat two weeks ago after selling a three bedroom, one bathroom house in Victoria…
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Real Estate News
A fresh new identity for the Victorian-based Barry Plant Group
Victorian-based Barry Plant Group has rolled out a new branding in the first quarter of 2017, at its annual Barry Plant Kick Start conference held on Monday. The new branding includes small changes made to its logo, the first since it was last updated 11 years ago. “Our goal was to evolve our brand identity to accurately reflect our group’s…
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Real Estate News
More dwellings key in tackling housing unaffordability
REA Group Property Demand Index for January, Key Points Sydney is on the road to a housing affordability crisis Tasmanian housing demand remains high resulting in strong price growth Demand levels on realestate.com.au are surging Challenging conditions remain in Western Australian and Northern Territory Housing unaffordability can be solved only if there are more dwellings available for people to chose…
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Real Estate News
Veteran developer Harry Triguboff believes apartment prices may rise this year
The increase in house values in Sydney will only produce a flow-on effect on for apartment prices for the year said veteran developer and Meriton group founder Harry Triguboff. Triguboff who has built more than 70,000 apartments to date said that high house prices were driving demand for apartments from owner-occupiers and tenants, resulting in stronger than expected gains already…
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Real Estate News
Rent.com.au’s new service Renter Resume a big hit among users
Since its launch 100 days ago, Rent.com.au Renter Resume has had more than 50,000 Australians signing up to use its service. Launched last October, the service allows users to create a rental profile, which then allows for the automatic generation of property enquiries and applications. Prospective renters can apply for a property while they are inspecting it with the click…
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