Men are from the garage; Women the kitchen…

Women believe they put more importance on the kitchen when hunting for a home compared to men, First National Real Estate’s survey of women and property shows.

As well, women feel the bathroom and the size and number of bedrooms are a higher priority for them than men when buying a home. Women are also more likely to rate proximity to friends and family as extremely or very important. But expect men to be checking whether a home has a garage or a workshop – more men than women say these would be a priority when buying a home:

The survey, of 1,207 Australians (603 male and 604 female), looked at key factors influencing home purchase decisions as well as differences between men and women. Respondents were asked to rate the importance of a range of features that would influence their selection of a home. Overall:

  • 73 per cent said having a garage would be extremely or very important;
  • 71 per cent said the quality of the kitchen; the home having water saving systems or equipment, such as a grey water recycling system or rain water tank, was considered extremely or very important by 67 per cent of respondents;
  • 65 per cent said the quality of the bathroom; and
  • 56 per cent said a low maintenance garden or courtyard.
  • At the bottom of the list were: the home having good potential to improve or renovate (38 per cent), proximity to friends and family (36 per cent) and the home having a security alarm system (31 per cent).

But when couples were asked what things they believe they would prioritise more than their partner, clear gender differences emerged.

  • Far more women (28 per cent) placed a greater emphasis on the kitchen than men (three per cent);
  • Women also said they would place a greater emphasis on the bathroom – 17 per cent compared to two per cent of men);
  • 10 per cent of men said the garage or the size of the garage would be a priority, compared to four per cent of women and the same number nominated a shed or a workshop, compared to only one per cent of women;
  • 43 per cent of women compared to only 28 per cent of men said proximity to friends and family is an extremely or very important factor and 46 per cent said proximity to where people in the household work was extremely or very important, compared to 36 per cent of men;
  • Women seem more environmentally aware than men – 72 per cent said water saving systems would be an important feature, compared to 63 per cent of men.

And despite becoming an important buying power in the property market, some women say they are still discriminated against. Thirty four per cent of female home owners said they had experienced gender discrimination from tradespeople around the home and 25 per cent said they had experienced it from real estate agents. Only 11 per cent said they had been discriminated against by their mortgage lender.

Australian Property Alerts Surge

Example buyer registration eCard

Technology has been firmly embedded in real estate marketing for many years but First National Real Estate is leading the charge when it comes to regular customer communication about homes suited to their needs.

Buyer alerts issued from First National’s Utopia cross matching system surged by 50% in 2011 with some 375,000 customers receiving SMS alerts, telling them that a property matching their wish list had just been put on the market. More than 11.8 million email alerts and property market updates were also issued.

The system is used equally by buyers and tenants and customers love the regular, instant updates.

‘Our customers tell us we are the only real estate brand that gets back to them when they take the time to tell us about their property hopes and dreams;’ says National Communications Manager, Stewart Bunn.

Customers register their details by visiting First National member websites and following the links for priority alerts.

‘It’s simple to update search criteria, as your wish list changes, and also to choose to receive market updates or not’ says Mr Bunn.

‘Plus, once you’ve bought or rented a new home, it’s easy to remove yourself from our database so we don’t bother you with updates you no longer need. Our customers just love the convenience and our members have reduced the number of days it takes to sell a home or rent a vacant investment property.’

Find out more about First National’s Utopia system by talking to a local First National member today.

 

 

Years of Service Earns Australia Day Honours for Network Founding Member

Norm Abbey, A First National Real Estate founding member

A founding member of the First National Real Estate network, Mr Norm Abbey was awarded a Medal of the Order of Australia (OAM) at the 2012 Australia Day honours. Norm Abbey received his citation for service to people with disabilities, particularly through Shannon Park Foundation.

As the founding and inaugural president of the parents and friends committee, Norm Abbey was instrumental in buying land to build Shannon Park Centre.

He was also an active fundraising auxiliary member, twice heading campaigns for $150,000.

Mr Abbey became involved after son Peter was diagnosed with cerebral palsy at 18 months.

“I always felt I had to put something back into the community. We received a lot of support with Peter and wanted to repay that.”

First National Real Estate N.H Abbey was established by Norm Abbey in early 1973. The office has provided a first class and professional Real Estate service to the townships of Portarlington, Indented Head, St Leonards & the Bellarine Peninsula over this period.

Norm retired in late 2004 and handed the business over to his son Craig who has maintained the integrity and honest professionalism that N.H. Abbey First National Real Estate has become known for along with brother Dennis Abbey Leesa Scorgie (Norm’s daughter) and Tracey Abbey (Craig’s wife) the Portarlington office is a family affair.

Happy Australia Day

Real Estate Agents To Throw Themselves From Plane

Rebecca Mannix, Dot Hamilton & Kara Watts at the Sausage Sizzle

Media Release – 24 January 2012

Four staff from First National Palm Beach (QLD) are planning to throw themselves from a perfectly safe aircraft, along with some corporate support from First National Real Estate’s management in a couple of weeks.

The team will participate in the Jump to Cure Diabetes at the Sunshine Coast Airport in an effort to raise and contribute $5,000 towards finding a cure. The jump is being organised by Team Cure Diabetes who arrange fundraising events throughout the year to support their mission to find a cure for Type 1 Diabetes.

First National Palm Beach’s senior property manager, Dorothy Hamilton, said her fellow jumpers simply want to support Diabetes sufferers as well as their colleague, Cara Watts, who’s 8 year old daughter was diagnosed with Type 1 Diabetes when she was 5.

‘The disease has a huge impact on the lives of entire families, not just the person who has been diagnosed’ said Mrs Hamilton.

‘Simply daily matters for healthy children that we as adults take for granted, such as a treat after school, birthday parties and sleepovers, are fundamental things that every child should be able to enjoy’.

First National Palm Beach has asked for community support in its efforts to raise at least $5,000. A sausage sizzle was held last Friday which raised over $871.00.

Mrs Hamilton said that education and support for families is the most important aspect of managing the disease. Funds raised go towards research for a cure but also the support families need to help their children live a full, healthy, normal life.

MacKenzie Watts give the First National Swash a hug!

Those wishing to make a donation in support of their fundraising effort should visit:

www.teamcurediabetes.org.au/divas_against_diabetes

- Copy ends -

Issued by: First National Real Estate Palm Beach

For further information contact Dorothy Hamilton, senior property manager – (07) 5559 9800

Happy Chinese New Year

First National wishes you a Happy, Prosperous and Lucky New Year

Sale Demonstrates Confidence in Ararat, Victoria

First National Real Estate's Phil Clark and new Centrelink building owner Vic Murray, who purchased the property for a price in excess of $1 million

BY SAM SHALDERS, The Ararat Advertiser

20 Jan, 2012 01:00 AM

ARARAT – Despite many investors taking a negative attitude towards real estate following the global financial crisis, Ararat’s property market appears alive and well.

First National Real Estate Ararat has just recorded the highest selling property in the firm’s history, and perhaps one of the highest Ararat’s CBD has seen.

The property, located on the corner of King and High streets, houses the Centrelink offices and was purchased by private Melbourne investor Vic Murray and his son-in-law for more than $1 million.

Mr Murray would not disclose the exact amount of the purchase but said he hoped the big investment would be long term.

“We were happy with the price we got it for, we offered less than what they were asking (reserve price of $1.75 million), this is a fairly big investment for us, I do have some other property in Melbourne, factories and shops and stuff like that, and hopefully this is going to be another long term asset,” he said.

Mr Murray became interested in buying in the area after seeing a story about the town on the ABC.

“We’ve been looking around for an investment together and I saw a story on the 7.30 Report where they were talking about Ararat and the issues going on with the council, and they mentioned the jail being extended and that an extra 100 jobs would be created,” Mr Murray said.

“I’d seen what happened in Wonthaggi with the desalination plant, and that town just grew. With around 100 new jobs at the prison, if you extrapolate that out to included wives and kids it means more schools and more services of every kind, then Ararat is going to grow too.

“I came up here and had a look around and saw that Aldi had just built a new store and I thought well they’re not going to invest in a town unless they think that something is happening around the place.

“Just driving down the main street, all the car parks are full, there are people everywhere, and I thought yeah the town’s humming along, the new police station, the hospital has been extended it looks like a great place to invest.”

Mr Murray contacted First National Real Estate’s Ararat director Phil Clark, who showed the investors available properties around the region.

“Vic felt that it was a good return, and that’s why people from the city are investing in regional areas of Victoria and in Ararat, because they feel like they get a good return,” Mr Clark said.

“They’ve got a good tenant in Centrelink, a government tenant, and a fairly new building.”

Construction of the building was completed in early 2009, after being purpose built to house Centrelink offices. The same Mildura developer also constructed a Centrelink building in Stawell three years ago, which is yet to be sold.

Mr Murray said if Centrelink decided not to renew their lease in 2015 the property’s modern facilities and prime location made it a great attraction for any business.

“If they (Centrelink) were to move out in four years’ time a building like that could become a major retail outlet for a Harvey Norman or something like that, but we want Centrelink to stay here, absolutely,” he said.

“We are planning a few improvements for the building already, we are going to try and make it a bit more energy efficient and coat the roof in a reflective paint that reduces the energy of the air conditioning by about 20 percent, and I am about to investigate putting solar power in, I’ve got a few things in mind because it is a long term investment.”

Mr Clark said from a real estate perspective it is a good sign that Melbourne investors can see the town is growing and that they are supporting the community by purchasing property.

“It shows that the property market in Ararat is strong, and people are investing here which is good. It’s very positive and there are a lot of job prospects with the prison development, and I guess that is another good reason to invest in the town now,” he said.

How many buyers are waiting for your property?

First National Real Estate is the only real estate brand that lets you see how many active buyers are waiting for a home matching the description of your property.

You see, we’ve harnessed the best and the brightest to develop an Aussie-grown system that’s easy to use via First National member websites. First National Tweed Sutherland in Bendigo shows how you use the system in this TV advertisement.

First National Commercial sets record for Darwin

Jacana House, Darwin - $58.75 million

MEDIA RELEASE: 2 December 2011

First National Commercial O’Donoghues has set a new record for Darwin CBD commercial sales with the sale of Jacana House for $58,750,000.

The nine-story 39 Wood Street building was built and owned by successful local development company, Gwello Developments. Uniquely, it has a 5 Green Stars rating for design, 5.5 stars for Nabers energy efficiency and is the leading green office space in the Northern Territory. A raft of Federal Government departments as well as listed companies currently calls the building home.

First National Commercial O’Donoghues says that Jacana House was not for sale but, due to strong investment demand, the agency approached the owner with a solid offer.

‘Our residential and commercial business maintains close contact with buyers nationally and we’re not short of investors who are very interested in Darwin opportunities’ says First National Commercial O’Donoghues principal, Jeremy O’Donoghue.

A transport logistics investor, formerly from Darwin, seized the opportunity to secure the ‘A’ grade and environmentally friendly office building through First National Commercial O’Donoghues because no other suitable commercial properties were listed for sale.

‘Jacana House is the only commercial high-rise in Darwin with such a strong energy efficiency rating and it will soon have the ‘As Built Green Star’ rating as well,’ says Mr O’Donoghue.

‘It is an extremely energy efficient building. An enormous amount of thought and effort has gone into the design and construction, which incorporates the requirements of the Green Building Council of Australia.

‘The buyer was seeking a solid, long-term investment with blue chip tenants so we were very comfortable recommending Jacana House as a potential target’.

The Darwin property market is expected to provide exceptional returns for investors for the next few years and commercial property investment may well be leading the pack. Major new projects are coming on line in early 2012.

‘Consumer confidence has hit a 12 month high and is expected to strengthen further as a result of the recent drop in interest rates, the US Presidential visit and the range of projects about to commence. This sale represents clear confirmation of the considerable confidence investors have in Darwin’s future projects.’ says Mr O’Donoghue.

Issued by: First National Commercial O’Donoghues

For further information:

Principal, Jeremy O’Donoghue on (08) 8942 8942 or 0407 080 067

Industry roundtable discusses need for VPA

Some people spend more on advertising their car than their house...

Principals need be courageous to implement vendor paid advertising (VPA) in areas where it isn’t the norm, one industry leader claimed at the inaugural Real Estate Business Executive Roundtable, held yesterday.

The industry-first event, sponsored by Macquarie Bank, bought together Australia’s leading real estate executives to debate the key issues impacting the industry while share knowledge, insights and best practice.

According to Ray Ellis, CEO at First National Real Estate, there are areas around Australia where vendor paid advertising was not applicable, yet some pioneering agents were bucking the trend and realigning expectations in those locations.

“We’ve had examples where offices have started it, and it’s become the norm,” he said. “They just had the courage to do it to start with.”

Stephen Nell, Ray White NSW CEO, agreed.

“Can you get people to pay for ads in different markets? I don’t see why you wouldn’t,” he said. “That’s a skill issue. And obviously it’s on everyone’s agenda to be better at it.”

The roundtable is a unique concept for the real estate industry, offering a neutral ground for discussing issues shaping the profession.

Shaun Bassett, head of the residential real estate segment at Macquarie Relationship Banking, said the Real Estate Business Executive Roundtable is an essential platform for driving thought leadership in the industry.

“The roundtable drilled into the challenges faced by the industry and revealed insights into a variety of strategies that are driving each of the participants on their own unique path to continued success,” he said.

“It touched on the outlook for the industry in the coming years, being shaped by technology, regulatory reform and new talent coming through the ranks.”

The event brought together Peter Baldwin, chief auctioneer and director at Richardson & Wrench; Ray Ellis, CEO at First National Real Estate; Douglas Driscoll, CEO at Starr Partners; Stephen Nell, Ray White NSW CEO; Sadhana Smiles, Harcourts NSW CEO; Mike McCarthy, director and CEO at Barry Plant; Chris Mourd, business development manager at LJ Hooker; and Shaun Bassett, head of the residential real estate segment at Macquarie Relationship Banking.

Other topics that were discussed included:

The greatest challenges to an agency’s profit and revenue in 2012

Best sources for profit and/or revenue growth

Attracting and retaining new recruits

Training and education programs that principals should be undertaking

How technology is driving industry development

Strategies for reducing days on market

The impact of national licensing will have a major impact on the real estate industry

The future for independent agencies in the Australian marketplace

The full report from the Executive Roundtable will be published in the upcoming Real Estate Business December/January issue – on desks early next month. Video excerpts from the event will also be available at www.rebonline.com.au at the same time.

SOURCE: Real Estate Business

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