Powered by MOMENTUM MEDIA
realestatebusiness logo
Powered by MOMENTUM MEDIA
Subscribe to our newsletter SIGN UP

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

news image

How is the residential real estate market tracking?

May 24, 2020Emma Ryan

New research has shed light on the current state of the residential real estate market, noting the worst is likely behind us as restrictions begin to ease and onsite property inspections open up. ...

REB_top100agents
top 10 agents

1

Alexander Phillips

Year of Experience: 20

Support Staff: 3

Residential Properties Sold: 215

Total Value of Residential Properties Sold:

$ 522,477,791

VIEW COMPLETE REPORT

Have you experienced sexual harassment or bullying in the workplace?

Yes, I've been the victim of sexual harassment (15.8%)
Yes, I've been the victim of workplace bullying (21.1%)
No (63.2%)

Total votes: 19
The voting for this poll has ended on: April 30, 2020
TECH MARKETING SALES BETTER BUSINESS PROPERTY MANAGEMENT
Neville Pozzi reb REIWA rolls out new ‘digital doorknock’ strate ...

The Real Estate Institute of Western Australia’s longstanding partnership with The Salvation Army is seeing the real e ...

Property technology app smartphone reb App aims to kickstart the real estate market

As the real estate industry continues to adjust to the new norms brought about by the COVID-19 pandemic, an app develop ...

Kul Singh reb New integration to provide better buyer experience

Openn Negotiation has confirmed a new integration with realestate.com.au which aims to provide a better experience for b ...

REA Group HQ office reb REA Group to take Prop20 digital

REA Group has confirmed its Prop20 series will be transformed into a digital experience. ...

Michael Johnson WEB How COVID-19 has been impacting real estate agents ...

In April, Momentum Intelligence conducted a major survey to understand how the coronavirus pandemic has been affecting t ...

Tom Panos 140520 What’s Making Headlines – 14 May 2020

What’s Making Headlines is your new source for all the latest in Australian real estate news. ...

Heath Williams WEB Selling Brisbane’s most luxurious properties dur ...

After an initial lull, things have started ramping back up in the Brisbane property market, but Heath Williams, lead age ...

Michael Clarke WEB How the best agents are continuing to thrive throu ...

According to Clarke & Humel's Michael Clarke, the challenging nature of the COVID-19 real estate market is actually ...

Michael Johnson WEB How COVID-19 has been impacting real estate agents ...

In April, Momentum Intelligence conducted a major survey to understand how the coronavirus pandemic has been affecting t ...

Tom Panos 140520 What’s Making Headlines – 14 May 2020

What’s Making Headlines is your new source for all the latest in Australian real estate news. ...

Heath Williams WEB Selling Brisbane’s most luxurious properties dur ...

After an initial lull, things have started ramping back up in the Brisbane property market, but Heath Williams, lead age ...

Michael Clarke WEB How the best agents are continuing to thrive throu ...

According to Clarke & Humel's Michael Clarke, the challenging nature of the COVID-19 real estate market is actually ...

Positive Mindset in Business reb The impact of a positive mindset in the business o ...

Let’s be real: running a business or an office is stressful. Here’s a quick rundown of some insights on keeping yo ...

Cameron Black reb Lies and statistics: Has the property market actua ...

It seems like there has been a huge change of sentiment in the last month as a confluence of factors has come together t ...

short 850x400 june2019 How to get that big win

Getting a big win is more than just sales. It involves strategic planning and setting goals, according to real estate bu ...

MeganSmith 050719 cropped Ray White’s Megan Smith sells $14m property in B ...

Ray White Balmain sales dynamo Megan Smith has sold one of the most expensive houses in Australia this year, with the pr ...

Rolf Howard reb Will recent changes to tenancy laws tip the scales ...

The Australian rental market has long been considered by many commentators to favour the landlord over the tenant. Unlik ...

aerial properties new reb ‘Large discrepancy’: Average state loan v medi ...

New research has highlighted the “large discrepancy” between the average state loan and median house price in capita ...

Perth aerial new reb WA government rolls out new service to combat tena ...

The Western Australian government has launched a new service that aims to help tenants and landlords resolve COVID-19 t ...

Melbourne Sydney skyline reb Melbourne, Sydney residential markets facing highe ...

While Perth, Darwin and Adelaide continue to grow amid the ongoing health crisis, Melbourne and Sydney may have a harder ...

EVENTS
REBAWARDS Listready
Real Estate Business Awards 2020

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

Learn more >
FROM THE WEB
Recommended by Spike Native Network

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

Read more
Do you have an industry update?

What is the best finance solution for your agency?

15 February 2019 Justin Steer

While it’s only early 2019, signs so far suggest that the property market slowdown that began last year is not yet over. Plenty of new properties are coming onto the market following the Christmas break; however, the reality is that prices are down, there’s less buyer competition and properties are taking longer to sell.

Against this backdrop, agencies large and small are facing into cash flow challenges. They’re looking for ways to streamline their income in an environment where they’re making fewer sales and facing longer settlement periods. There are plenty of financial products on the market, but working out which best suits your agency isn’t always easy.

We explore five of the most popular options, looking at their pros and cons. 

1. Unsecured business loan

Advertisement
Advertisement

An unsecured business loan is a short-term facility that gives you access to funds that can be used for any business-related expenses. You don’t need to provide security, which means your assets are not at risk — however, interest rates for unsecured business lending can be high.

Advantages: Simple application process, no security required.
Disadvantages: Higher interest rates, frequent repayments required, may not be straightforward to increase the loan amount.

2. Line of credit

A line of credit works in a similar way to a credit card — you can use it to pay for business-related expenses whenever you need (up to your credit limit, of course). You’ll only pay interest on the amount of money you use, but you’re likely to incur fees whether you use the facility or not.

Advantages: Simple application process, only pay interest on the money you use.
Disadvantages: Regular payments are required, the entire line of credit is repayable on demand. 

3. Personal loan

If you own the agency, you might consider applying for a personal loan and using these funds to inject cash into your business. A personal loan gives you great flexibility but carries personal risk as you — not your business — are responsible for the repayments.

Advantages: No security required, the loan can usually be repaid early.
Disadvantages: Higher interest rates, you’re personally liable for repayments.  

4. Hire purchase

If you need funds to invest in new premises, vehicles or equipment, a vehicle and equipment finance solution could be a sensible choice. The lender owns your asset until the end of your contract, when you can choose to keep, sell or replace it with a brand-new asset.

Advantages: Pay for the asset over its lifetime, you own it at the end of the contract.
Disadvantages: A deposit may be required, regular payments are required, you don’t own the asset until the end of the contract.  

5. Commission advance

A commission advance facility allows you to access your pending sales commission immediately once the contract of sale is signed and unconditional. Designed specifically for the real estate industry, a commission advance facility will help you to smooth your cash flow by bridging the gap between a property sale and settlement. The funds can be used at your discretion. 

Advantages: No fixed contracts or minimum volumes, no security required, limits increase as your agency grows.
Disadvantages: Additional fees may be charged if settlement is delayed or the sale doesn’t go through.

What is the best finance solution for your agency?
justinsteer 250x250 jun2017
lawyersweekly logo
Justin Steer

Justin Steer

Justin Steer is CEO of both Commission Flow and Campaign Flow.

Both companies were founded with a vision to change the way Real Estate Agency Principals access the finance they need to grow, with an innovative, secure and flexible approach.

Justin has been an active participant in the real estate industry for nearly 25 years.  

In his spare time, Justin can usually be found swimming, cycling or running as he prepares for his next Ironman event.

FROM THE WEB
Recommended by Spike Native Network

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

Read more
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.