What will the RBA do this time?
September 27, 2023
This question seems to come around quickly, doesn’t it? The Board of the Reserve Bank of Australia, RBA, is responsible for formulating monetary policy. RBA sets a target ‘cash rate’, which is the interest rate that banks pay to borrow funds from other banks in the money market overnight. It influences all other interest rates, …more »
Facilitating growth in an ever-changing market
July 13, 2023
On this REB episode of the Secrets of the Top 100 Agents, Joel Davoren, managing director at RE/MAX, sits down with host Grace Ormsby to recount his year-to-date, which includes unusually strong winter sales conditions and numbers akin to those reported during 2021’s market. Joel discusses strategies for balancing network growth against the backdrop of …more »
What the top brokerages’ color choices say about them (and how to choose your personal branding)
March 26, 2023
As seen in on Inman.com, March 2023. Color can make a difference in everything from how you feel to how you’re perceived. Find out how to use it more effectively in your branding and marketing. What color should you use for your logo? What color tie should you wear to that big meeting? Whether you …more »
CASH RATE INCREASESS AFFECT MANY
March 8, 2023
With March 2023 came the tenth cash rate increase from the Reserve Bank of Australia (RBA) since May the previous year. This sharp increase from 0.1% to 3.36% in just 10 months has resulted in significant impacts on Australian borrowers.What effect do RBA cash rate increases have on home loan repayments?more »
Why top producers align with time-tested companies like RE/MAX
November 15, 2021
High achieving real estate agents seek an affiliation that prioritizes experience, community involvement, and ongoing education. BY LEAH CURTIS for RE/MAX Because a home is likely the largest purchase a person will make in their lifetime, it’s no wonder that consumers have declared experience in the field and a genuine commitment to helping others as unwavering industry …more »
ARE YOU WEARING BLINKERS? SHOULD YOU BE?
November 12, 2021
BY Joel Davoren, Managing Director, RE/MAX Australia Another Melbourne Cup is behind us, and I hope the punters among you had a win on the day. The event may not something you take an interest in at all, but it struck me there were messages we might take from it. A race like that doesn’t …more »
CHANGES IN THE LOANS LANDSCAPE
October 22, 2021
By Joel Davoren, Managing Director, RE/MAX Australia This month the Australian Prudential Regulation Authority (APRA) announced that lenders need to increase their serviceability buffer from a minimum 2.5 per cent to at least 3.0 per cent, asking lenders to implement the changes from 1st November. Through concern about the level of debt that borrowers are carrying relative …more »
Joel Davoren: The Buyer Today
May 27, 2021
Key takeaways Buyers need to be clear on their strategy of purchase. Buyers need to be more familiar with ‘no price’ strategies. Buyers have never been better looked after by agents. CoreLogic figures have showed that somewhere between 2800 and more than 3000 homes were taken to auction across the combined capital cities each week …more »