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  • First National Real Estate Australia - First National Real Estate Media Releases
    Real Estate offers some helpful advice for those entering the market saying research is critical As we predicted in our Property Market Outlook Mid Year Update the second half of 2012 is shaping up to see increased buyer activity and it seems that prime market conditions are proving irresistible for the first home buyer Mr Bunn said Improved affordability with low interest rates and relatively low property prices is serving to offset any negative impact where government incentives have been reduced And given it is currently a buyer s market it means first home buyers can take the time they need to do the research required to ensure they buy the best property they can for their hard earned dollars According to Mr Bunn first home buyers should keep in mind the following tips to maximise their chances of a successful outcome When Looking for a Property Set a price range and stick to it Identify a suburb with properties within your price range Consider geographical elements such as proximity to schools transport and amenities Take into account condition of the property does it need major repairs Do you have money in the budget Etc Before purchasing arrange for building and pest inspections by suitably qualified professionals such as builders surveyors or architects Have the contract reviewed by a conveyancer or solicitor Take your time until you find the right place for you there s no place like home and it should feel like it Look at as many properties in your price range as you can Saving for a Property getting together a deposit is all about discipline Put aside an emergency fund Take advantage of any government incentives such as the Federal Government s First Home Saver Account scheme and Grants Establish a budget work out what you spend where and when and then see where you can make savings Set a timeframe complete with milestones to keep you on track and you can monitor your progress This becomes a self motivational tool as well This will also help lending institutions determine what you can afford to pay back in monthly repayments Securing Your Finance do the research and understand all your options Don t get emotional There s always another property on the market Consider established versus new especially in terms of house and land packages which may be more financially viable when you look at all the costs involved versus grants available Factor in rates and maintenance costs as well as the mortgage When looking at home loans check the ongoing payments especially in the fine print for monthly service fees and other charges Paying the mortgage Make fortnightly payments which will save thousands on the mortgage Be prepared for monthly repayments to go up and down in response to rate fluctuations The last piece of advice but what I believe is the best is to seek the assistance of an expert who has good local knowledge and has a trustworthy and reliable reputation Mr Bunn

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=102640&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    into consideration when negotiating that will make all the difference First and foremost vendors selling in a buyer s market must carefully and realistically assess their price expectations making sure they position their property competitively against others so they can meet market demand It is also wise to remember that when you are dealing with buyers they have feelings and emotions just like you Mr Bunn s top 10 negotiation tips include Remember the concept of win win Both parties need to feel that there has been give and take on both sides of the negotiation Do it quickly A protracted drawn out negotiation process can cost thousands in the wash up Get the price right Overpriced properties deter home buyers from making offers Respect the other side Understanding and empathising with the other side can be a very powerful tool in negotiating and helps establish rapport Offers should be in writing This helps avoid misunderstandings and additional stress Be willing to compromise Never reject a first offer out of hand Focus on the top priorities and don t let emotions overrule sensible judgement Always make a counter offer and be careful not to make unreasonable demands or issue ultimatums Set your limits Know what your absolute bottom line is and stick to it Be prepared to walk away This may mean the property gets taken off the market Be realistic and flexible Settlement terms and deposits are negotiable on any sale and agreement will depend on what each side is willing to be flexible on It may mean meeting half way which is a time honoured negotiation strategy that has proven very successful in countless negotiations Ask for advice Real estate professionals are trained in negotiation and have the local knowledge and expertise to help achieve a realistic price

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=101592&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    three decades ago and as we celebrate our 30th Anniversary the future has never looked brighter he said First National faced serious challenges ten years ago as a result of an aging brand and limited technology The network made a radical departure from its former management methods going back to its cooperative roots to determine settings for a new path and an assured future The Board of Directors is enthusiastic about the successful brand re launch three years ago and implementation of a raft of new technologies said Mr Ellis By investing in the ideas of our most talented members we ve driven new levels of innovation and rolled out new member benefits at the fastest pace in the network s history We are once again a direct competitor to the largest franchises in Australia and the gloves are off We ve long proved that our SEO strategy leads the industry and in simple terms that means we drive more business to our members doors said Mr Ellis However now that agents across the country are recognising just how much First National has evolved our performance is being very closely watched We ve been the cause of some very high profile defections from our competitors and this has shaken their sense of entitlement and security Principal of First National Coffs Coast Barry Booth joined First National Real Estate after 28 years with LJ Hooker in 2011 Having achieved Admiral status within LJ Hooker Mr Booth was one of the group s leading agents Last week Mr Booth reported to First National that as well as being extremely satisfied with the network s support services his business had achieved its two primary goals under the First National brand maintaining profitability and increasing market share Realestate com au through its Diamond Subscription provides market share statistics for all postcodes It s a comprehensive reporting system where agents can review their local ranking on listings and sales performance The information is there for everyone to see and confirms our growth under the First National Real Estate brand said Mr Booth Despite tough market conditions and an oversupply of local competitors in Coffs Harbour First National Coffs Coast reports a 4 per cent increase in market share in 2012 and is ranked number one by realestate com au The continued growth of the First National brand and the awakening of agents such as myself to its value proposition will continue to motivate good business owners to review the equity of their current branding agreements with the major franchise companies said Mr Booth An integral part of maintaining our profitability has been the elimination of very substantial franchise fees to LJ Hooker The First National formula is a winning one and offers outstanding value for money The training the support team the personal development courses and the technology leads the industry and is provided at a fraction of the cost charged by LJ Hooker and others We re proud to trade under the First National

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=101003&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    working lives including whether to sell up or downsize Mr Ray Ellis CEO First National Real Estate said They need to look at whether they want a tree change sea change or local change where they are able to remain in the same area but in a different style of accommodation such as a nearby apartment or townhouse or make alterations to their existing large family home But no matter what they decide they need to make sure that their living quarters will suit their changing needs as they progress through their senior years According to Mr Ellis when looking to buy a house or apartment or updating the existing home seniors should take into account certain safety measures Inside the home corridors door frames and turning areas should be able to accommodate a walking frame wheelchair or mobile assisted device door and cupboard handles should be easily grasped and at a manageable height in multi storey homes at least one bedroom and one bathroom should be located on the ground floor the bathroom should be large enough to fit a wheelchair or walking frame and be able to have railings fitted for easy access into and out of baths and toilets bench heights in laundries and kitchens should be appropriate for potential disabled access stairs thick carpets and other incidentals that could impede mobility or be easily tripped upon should be avoided Outside the home the site and topography should be considered If it is too hilly steep or has steps it will be difficult for elderly people to manoeuvre Car parking should also be on a flat area with easy access to the front door as well as a porch to protect from the elements and if possible no stairs It is a good idea for anyone looking

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=100814&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    the GFC on their property markets NSW prices fell during the GFC so they are in an ideal position to bounce back quite quickly and that is what our agents are saying they will do Mr Ellis said However interest rates buyer confidence levels the global economy and lower levels of new listings will be the key influencing factors for the state over the next six months Interest rates confidence the economy and job security will be the major influencing factors for Queensland s market which is generally also expected to improve As will the Western Australia property market which will also benefit from the onset of planned infrastructure projects and better buying conditions In South Australia the market should begin to rise after steadying in the first half of the year and sales activity is already strengthening Tasmania and Victoria are the states where recovery could take a little longer Tasmania s market is still suffering with low levels of confidence in the state s economy Rising unemployment levels is leading to a higher number of properties coming onto the market Victoria s property market held up quite well during the GFC so it has to experience some decline as the market plays catch up with the rest of the country although some parts of Victoria are already stabilising and are primed to turn at any moment According to the Update the Northern Territory is a bit of a mixed bag with Alice Springs expected to contract further in the second half of the year while Darwin will strengthen and improve The Update goes on to say the strongest growth will come from the upgrader and investor sectors for all states except Western Australia where first home buyers are expected to be in the best position to capitalise on bargain properties However weak consumer sentiment and nervousness around job security may keep the housing market soft and any recovery slow and gradual Property prices should stabilise with some upswings however weak consumer sentiment will remain a barrier to a full speed recovery in dwelling values The rental market is expected to continue performing well for the remainder of 2012 with high rents and lower home values contributing to higher rental yields Interest rates are expected to reduce further adding to improving affordability levels and stimulating activity in the slow property market however more support is still required Healthy supply rates run at about 200 000 homes for sale at any given time and Australia currently has 301 414 homes for sale Mr Ellis said Even a 1 or 2 drop in interest rates is unlikely to make an impact on their saleability unless it is combined with sharp market pricing and aggressive marketing The rising unemployment and increasing living expenses including the introduction of the carbon tax are expected to put pressure on mortgage holders with 47 of members expecting increased mortgage defaults in their region The commercial property market should remain stable according to the survey with ongoing

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=100535&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    recent Census included lots of interesting information but the big surprise was the increase in the number of empty homes in Australia While the number of occupied dwellings has grown by 7 7 over the past five years it has not matched the 8 3 increase in population 10 7 of Australia s houses are unoccupied There are a number of reasons why this could happen National Communications Manager First National Real Estate Mr Stewart Bunn said Older family members move into retirement homes and empty nesters downsize or for some other reason the home is left empty Houses are also often left empty when owners have bought a new property or had to move for work They frequently have not had time or been able to sell their own house before needing to move When families are not able to agree on what to do with these properties they are often left empty when they could otherwise be used as an investment even if it is only for a year Mr Bunn said The obvious thing to do is to sell the property or have one of the family move in But if that still causes tension then at the very least the property should be rented out until the family can agree on what should happen with the property All families need to do is agree on an agent or other third party and let them do the rest They can then rent the property and the money can be put into a trust or other account until a decision is reached on the best course of action Property is the source of most Australians wealth and it is important these investments are used to create wealth all through their lives copy ends Issued by First National Real

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=100507&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    management First National s administration has also retained HR Advice OnLine for its own human resources purposes Our most important task is to provide our members with everything they need to deliver the best real estate services in the profession said First National CEO Ray Ellis Just as for our members our people are the key to our success and it is important that we invest in them HR Advice OnLine will help First National Real Estate members to navigate and meet their obligations under the complex and changing Australian industrial relations framework There are so many differences between state legislations that the average small business owner can find it difficult to be sure they re doing the right thing said Mr Ellis Transitioning to the new national employment standards is an example of where small business just cannot afford to make a mistake Employing people is now more complex than ever and staying up to date can be challenging which is where HR Advice OnLine can help Business partners Cheryl Disher and Kerrie Canning both run their own HR consulting businesses and understand the challenges faced by real estate business owners The pair combined their resources and expertise to create HR Advice OnLine to help business owners manage these issues The cost of replacing an unsuitable employee or rectifying a recruitment mistake can be between 75 and 150 of the employee s salary says partner Cheryl Disher Plus with industrial relations in transition across the country there are plenty of potential traps for estate agents First National Real Estate and HR Advice OnLine want agents to be able to focus on what they do best selling and managing property not becoming IR reform experts Ray Ellis agrees It would be unrealistic to think we could have the level of

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=99627&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    when she says State Government based property taxes are standing in the way of economic growth in this country Mr Ellis said As Australia s largest independent real estate network we do everything we can to help people with workforce and lifestyle driven mobility Mr Ellis says but the State Governments are not doing anything to help a fact we have been on the record as raising on numerous occasions over the last 12 to 18 months Mr Ellis said research has shown that a lot of city dwellers would like to make a move to the country but find the costs of selling and buying a home including stamp duty prohibitive Last month we were proud to sponsor the inaugural Regional Victoria Living Expo which promotes the attractions of regional centres and smaller townships throughout rural Victoria Mr Ellis said At that event the Victorian Deputy Premier Peter Ryan released research that indicates 11 per cent of Melbourne s metropolitan residents around 450 000 people are contemplating moving to regional Victoria in the next 3 years The main thing standing in their way is the cost of buying and selling a home and stamp duty is a large part of that cost Mr Ellis said So on the one hand State Governments want people to move within their State and the Federal Government needs them to be able to move between states but the State Governments stamp duty is one of the major costs that is stopping that happening Last year stamp duty accounted for 37 of total property related taxes in Australia and Mr Ellis believes the reliance of Governments on property taxes is standing in the way of Australia s economic growth We need to stop penalizing people who have saved enough money to buy a house

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=99575&menuItemID=90397 (2013-02-03)
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