Press Releases

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The Real Estate Institute of Victoria (REIV) today announced finalists for the REIV Awards for Excellence. The awards recognise real estate firms and individuals for ongoing contribution to the real estate industry, and for service excellence. Among the list is WBP property adviser, Phil Manning who is named finalist in the Buyer’s Agent of the Year category.

WBP Property Group, the national property services firm, this morning held the property industry’s premier Property Outlook breakfast with discussions and positive forecasts on Australia’s property future.

The property sector will be the driver to a healthy economy in 2012

WBP Property Group, the national property services firm, this morning held the property industry’s premier Property Outlook breakfast with discussions and positive forecasts on Australia’s property future.

Macquarie economist Brian Redican and property commentator and CEO of WBP Property Group, Greville Pabst discussed the recent surge in market activity that is expected to increase in 2012 and the pivotal role this will play in Australia’s financial future.

Trend forecaster Bernard Salt, discussed the impacts of demographic change on the Melbourne property market and answered the question of what happens when the boomers bust and Xers and Ys inherit the earth.

Leading Australian valuation and property services company WBP Property Group this morning announced its acquisition of Adelaide-based Mason Gray Strange Real Estate Valuations (MGS).

According to WBP Chief Executive Greville Pabst, the move forms part of the company’s strategy to diversify its services and expand its national footprint. “WBP has undergone consistent growth over recent years and continues its strategic expansion and diversification through selective acquisitions such as MGS Real Estate Valuations,” says Pabst.

There is little doubt that the Melbourne property market has cooled. But is a recent spike in activity a sign the market has bottomed?

According to property expert and CEO of WBP Property Group Greville Pabst, although traditionally associated with a lull in winter, market confidence appears to be on the rise following a notable change in buyer sentiment in recent weeks.

The Victorian State Government’s first home buyer stamp duty cuts are available from today but property expert and CEO of WBP Property Group, Greville Pabst, warns about the dangers of first time buyers chasing the hype.

“Whenever the Government announces a new property scheme a surge in hype and activity follows. With the new stamp duty scheme now available first home buyers should be wary of the dangers of plunging into the property market blind,” advises Pabst.