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The Property Council of Australia said today. The Property Council released figures that show 63 per cent of Land and Environment Court rulings were made against local councils.
The research was based on data from the Australian Bureau of Statistics and the NSW Attorney General’s Department. Interestingly, the figures show that only 2 per cent of all development applications in NSW end up in court, despite claims by some councils that the court is frequently used to overturn council decisions.
This will make you tension free but for becoming tension free you will at first have to search a lot for hiring a perfect property valuer from a reputed and licensed property valuation company to manage your full process.The Property Council’s research found NSW councils approved 49,967 development applications in the 12 months to September this year while only 1038 applications went to court. The figures say delays by councils in processing development applications (deemed refusals) caused 45 per cent of Land and Environment Court cases.
It confirms NSW Government statistics showing that many councils were too slow in dealing with development applications. A further 41 per cent of Land and Environment Court cases were aborted, the figures show.
Coldwell Banker Residential Affiliates, Inc., in a move signaling the national real estate firm’s long-term commitment to the Internet, will contract with Interealty Corp. to operate and later expand the company’s online service, Inman News Features has learned.
The entire home listing data base of Coldwell Banker is expected to go up on the World Wide Web in early February, which would be the first national real estate franchise to independently publish its listings online. Under the terms of the agreement, Interealty will provide technology and resources to manage Coldwell Banker Online. Interealty will later help Coldwell Banker add more listings and features to its World Wide Web site. Interealty, a Vienna, Virg.-based multiple listing service vendor, most recently set up the Real Estate Information Network in the San Francisco Bay Area.
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Interealty expects to see itself evolve in the process, too, according to senior company officials. “Our selection by one of the most respected and successful national real estate firms to operate its Web site is a fantastic opportunity for Interealty,” said Chuck DelGrande, senior vice president for marketing and enterprise development. “We are committed to working with our clients to create and apply technology solutions that continue to make real estate information more accessible and useful to the professionals who need it. and service providers in the brave, new world of real estate.”
The fascination with technology apparently has its limits. So is the case at the National Association of Realtors which today canceled its Technology Conference in Dallas, scheduled for February 3rd and 4th.
According to an announcement faxed to exhibitors, “there were not enough advance (Realtor) registrations to show the support necessary for exhibitors to make the commitment. Rather than go forward with a program that would not meet the expectations of [NAR], member attendees, exhibitors and speakers, NAR felt it would be in everyone’s best interest to cancel the Conference at this time.”
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One east coast association executive who didn’t want to be identified said, “Wolff understands that the only asset his new company has is home listings and the only way to get them and keep them is from us.” RealSelect is also readying an advertising and promotion campaign, estimated at $3 million dollars, which will reportedly include purchasing key real estate related search words on the Internet.
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- A more detailed look at Pike’s prognostications is available through his Web site but here’s a quick look at what he says will be the 10 commercial trends to watch for this year:
- More brokers will use the Internet to reduce marketing expense by distributing brochures, floor plans and space-available reports on the Web.
- More companies will develop in-house networks, called intranets, to facilitate communication with their own brokers and special clients.
- More governmental agencies and service providers specializing in public information will make their information more easily available — for free or by subscription — over the Internet.
- Narrowly focused, regional listing services will grow and move onto the Web, making the best leasing databases available at the touch of a finger.
- National listing services will be developed in partnership with trade associations and national service providers. They will also compete by adding more features, such as maps and demographics, to their listing information.
- More market research will become available in response to big demand from institutions and corporations for information on market trends and leasing and sales comparisons. National proprietary information providers are likely to step up to the plate, offering subscription services for most information.
- Many real estate print publications will convert to Web publishing.
- More business-to-business services will become accessible to consumers, a new way to leverage firms’ core strengths.
- Asset managers will develop some of the strongest Web sites around in order to more effectively market their services, solicit property submittals and save money distributing marketing materials.
- Trade association sites will get some respect for their continually improving and highly interactive Web sites.
RealSelect has clarified its stand on revenue splits from advertising revenue, no longer demands exclusive arrangements for local listings and is sending a general message of cooperation to the Realtor family. The first major deal signed was between Real Select and the Florida Living Network, which controls listings in Florida and has considerable influence over other states who participate in the state association’s “Living Network” web program.
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In the last 45 days, RealSelect CEO Stuart Wolff has criss-crossed the country forming alliances with disaffected trade associations that were mad at the National Association of Realtors’ failed RIN venture.
On the Internet, California has also operated independently of NAR, but is also expected to work out an arrangement with the new RealSelect venture, which has offered the peace pipe to the powerful state trade group. Regardless, RealSelect is making further gains with local California MLS systems. Late last year, the San Francisco East Bay Regional MLS signed on with the NAR offshoot.
Along with his competitors in the field of virtual reality photography, Driscoll says panoramic photography on the Web could be especially helpful for buyers who are relocating over a long distance. “By linking to other sites using Be Here technology, such as tourist attractions and shopping centers, Realtors can help buyers tour a home, a neighborhood, or a city, getting a full overview of the area they are considering.”
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PhotoBubbles is a 360-degree are a spherical, wrap-around photograph. The online viewer sits at the center of the PhotoBubble, and “the location is literally all around you. You can look in all directions. You can zoom in or zoom out. You see absolutely everything you’d see if you were actually standing where the photographer was” taken.
The third virtual walk-through company with an interest in real estate is Black Diamond Consulting, Inc., which is closely aligned with Microsoft and will be in the Microsoft booth at Mac World. Black Diamond’s home page recently added a link to demostate its Surround Video with a virtual walk-through of a home.
The Web site, which has more than 500,000 home listings, is operated by RealSelect, a newly formed company that came from the ashes of the Realtor Information Network, which owns 15 percent of the new venture. The rest of the company is owned by venture capital interests and other technology firms.
In real estate, the technology permits prospective clients to conduct their own online tour of the interiors and exteriors of properties almost as if they were using their mouse to point a remotely controlled television camera. However, the images are not bandwidth hogging full motion video streams but rather relatively fast loading digital still photographs with 360 degree views, coupled with software that allows the online Web user to select the viewing angle.
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These images can be loaded and presented on an Internet web site or CD-ROM. Be Here photos can be viewed with on Netscape or Explore with virtual reality plug-ins such as Apple’s QuickTime VR and RealSpace’s RealVR.
“The technology could dramatically affect the manner in which real estate is marketed,” said Ted Driscoll, Be Here’s president and CEO.