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Proptech partnership goes live

February 24, 2021Emma Ryan

Proply and ListReady have cemented a partnership which sees the launch of a new seamless solution available to both agents and vendors. ...

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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

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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
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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..

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Today’s top-performing city is probably not the one you thought it was

26 September 2018 Sasha Karen
Australia, performing city

As property managers or BDMs, your clients prefer to invest in the best-performing capital city market. But given the circumstances in the current market, this one might not be the capital city you imagined, according to one property expert and lecturer.

Speaking to REB sister publication Smart Property Investment, Peter Koulizos, chairman of the Property Investment Professionals of Australia and lecturer at TAFE SA and the University of South Australia, highlighted that Adelaide is currently the best-performing capital city market on the mainland and has great potential for future growth.

“If you were looking to buy into a market, I reckon you’ve got two options: theres either Adelaide or Brisbane because basically everywhere else is going backwards,” the PIPA chairman said.

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With the previous success of Sydney and Melbourne over the last 10 years, Mr Koulizos said that the next 10 years are unlikely to do well, while Adelaide and Brisbane are next in line to see growth.

“Im not saying theyre going to have double-digit growth for the next three or four years, but if you were looking to park your money somewhere for the next five or 10 years, it wouldnt be Sydney or Melbourne because theyve already had their growth. It wouldnt be Hobart; it's already had its growth. [Therefore, its] Brisbane and Adelaide.

“Since 2007, [Brisbane and Adelaide] havent really experienced that upward swing, so sooner or later, Adelaide and Brisbane are going to take off. Now, the early signs are that its Adelaide.”

The major reason for Adelaide’s high level of performance, Mr Koulizos said, was due to the affordability of the state’s market.

“Maybe 12 months ago, you could afford to borrow $700[,000], but everything else being the same, your wages being the same, your partners wages being the same, expenses havent increased, now you might be able to only borrow $500,000,” the chairman said.

“Well, if you were looking to buy, say, in Sydney and Melbourne, $700,000 gave you a fair few options. $500,000 doesnt give you many. But you go to Adelaide, $500,000, youve got a lot of very good options, you can buy close to the city, character properties on a reasonable size block of land. So, you have some very good capital growth options.”

Regardless, Mr Koulizos said that investors need to focus their efforts past the capital city and refine their search to locate a suburb, then down to a street, then to a property, “because location is almost everything in property”.

The chairman said: “You can change everything else. You can change the house, you can make it bigger, you can make it smaller, you can knock it down. You can make it better by renovating it. You can make the block smaller by subdividing. You can make the block bigger, which is expensive, by buying the next-door neighbour’s. But you can never change where it is, so you want to make sure youve got your macro location, your capital city and your suburb right, and your micro location, your street and your position within the street.”

Today’s top-performing city is probably not the one you thought it was
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