Investment in Action: For less than $20,000 Smart Property Investment transformed this dilapidated bathroom into a modern and sophisticated centrepiece of the home.
The entire structure of the bathroom – including walls, tiles showers and vanities – was removed and reconstructed. The layout and features were replaced and restructured to enhance the appeal of the room. This was quiet an extensive and costly project but the end result is astounding.
Smart Property Investment would like to thank all our sponsors for their support and contribution to the Investment in Action and Open House project.
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| (02) 9421 2400 [email protected] | 13 11 33 www.liberty.com.au |
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(02) 9672 6744 | 0414 900 028 | 0405 566 351 |
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(02) 4732 5529 | 0413 097 298 [email protected] | 02 4579 6173 [email protected] |
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| (02) 4351 0380 www.destiny.com.au | (02) 8923 7444 [email protected] |
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string(144) "Property investors are now able to identify and bid on auctions remotely using a new live-streaming functionality launched by Gavl.
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Called “Request an Auction”, the new functionality enables users to watch and bid on any Sydney or Melbourne auction remotely.
Through Gavl, prospective buyers are now able to register to bid on their preferred auction. The platform will obtain permission from the listing agent and confirm within 48 hours.
Vendors can also request to have their auctions broadcast to a larger buyer audience.
Co-founder Joel Smith said that auctions streamed on Gavl attract 47 per cent more viewers than traditional ones.
He said that Request an Auction will be valuable for remote buyers.
“Buyers are able to have Gavl attend any auction they nominate, so they will never have to miss out on an opportunity due to logistical complications in physically attending the auction.
“Vendors, too, have the opportunity to directly book an auction with us, so they can open up their event to buyers all around the world. With more potential buyers, they’re giving their property the chance to receive more bids and maximise their sales result.”
Mr Smith said that prior to the Request an Auction app, buyers were limited to what they could achieve through the Gavl technology.
Gavl is a live-streaming and bidding platform for real estate auctions.
Mr Smith said that it has streamed more than 6,000 auctions, which have achieved 3.5 million views from 50 countries.
Gavl’s Request an Auction function is currently being offered in Melbourne and Sydney only.
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Having recently purchased her 6th property, Julia joins host Tim Neary to discuss her journey, share her ups and downs over the years, and reveal her thoughts on why some properties are better than others.
Julia also explains why she no longer makes a move without the help of a buyer’s agent, why working with a strong team of specialists is extremely important and discloses her long-term property ambitions.
If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: Facebook, Twitter and LinkedIn.
If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!
RELATED AREAS OF INTEREST:
Why is Australian property so unaffordable?
Brisbane infrastructure attracts international interest
Going global
Australia desirable to foreign investors
AREAS MENTIONED:
Eagleby
Charters Towers
Townsville
Brisbane
Paddington
Sydney
Orange
Melbourne
Glen Iris
Bondi
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Property commentator and valuer, Suburbanite’s Anna Porter, said the reform will address conflicts of interest.
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Ms Porter said the Property, Stock and Business Agents Amendment (Property Industry Reform) Bill 2017 will be in force from July this year, and will prohibit this practice unless the broker or referring partner also holds a real estate industry license.
"Under the new laws, if the broker takes a referral fee from the property firm, they will have to be a licensed real estate agent and also hold a corporation’s license,” she said.
“Subsequently, every transaction that they receive a referral fee from, they will be putting their license up against the transaction and taking full liability for the conduct, practices and outcome of that transaction, even if they have little to do with the transaction; they are a party to it financially and therefore take as much risk as everyone else in the transaction.”
Mr Porter said where a referrer holds a real estate license, and receives a part of the sale commission, they may find themselves in breach of the ethical requirements under the act.
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