Search Results for: Antonia Mercorella
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EVENTS
Homely and Ray White celebrate Australia’s leading ladies of real estate
Homely is proud to announce its sponsorship of the ‘Leading Ladies of Real Estate' event in Queensland, hosted by Ray White. …
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INDUSTRY NEWS
REIQ says rental reforms may hurt property owners
The Real Estate Institute of Queensland (REIQ) is concerned new rental reforms that were introduced this week hurt the rights of property owners. …
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QLD
Cooley partner David Holmes wins REIQ auctioneering competition
Cooley partner David Holmes recently won the annual auctioneering competition held by the Real Estate Institute of Queesland (REIQ). …
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QLD
Record low vacancy rates continue to impact Queensland
Nearly two thirds of local government areas in Queensland have recorded their lowest or equal lowest residential vacancy rates since 2010 as the state's rental market continues to tighten. …
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NEWS
A tale of two cities: Sydney vacancies rise while Brisbane rental market tightens
Brisbane’s rental vacancy rates are continuing to tighten, but it’s a different story in Sydney, with vacancies rising to 4 per cent last month. …
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NEWS
New report reveals growth in property values throughout Queensland
The Real Estate Institute of Queensland’s latest quarterly data on the state’s property values has confirmed something market watchers are already well aware of - prices are rising in almost every region across the state. …
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NEWS
OFT approves new training requirements for Queensland real estate agents
The Office of Fair Trading (OFT) in Queensland has approved new training requirements for people wanting to enter the real estate industry. The new training, as part of initial licensing requirements, follows an independent review of the national property services training package. Before approving the new training, the OFT consulted on its potential impact with a range of industry bodies and stakeholders including the Real Estate Institute of Queensland (REIQ), …
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Elite Agent
Queensland rentals hit lowest vacancy rate on record
Queensland's rental market has been hit hard by COVID-19, with Brisbane's vacancy rate swinging from a high of 14 per cent to 8.8 cent in just four months. …
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Elite Agent
Queensland’s property market defies pandemic predictions
Queensland’s real estate market has overcome predictions of property price falls as a result of the COVID-19 pandemic. …
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Elite Agent
Real estate is an essential service: REIQ
As the Queensland State election looms, REIQ have called on political parties to "not forget the critical contributions of Queensland's real estate sector to the local economy." …
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Elite Agent
REIQ: Rental market facing “tightest conditions since GFC”
Seventy per cent of Queensland’s rental market currently faces tight conditions, according to the latest quarterly rental vacancy rate report. Eighteen per cent of Queensland regions are experiencing less than 1 per cent vacancy at present, with areas like Maryborough (0.4 per cent), Mount Isa (0.5 per cent), Rockhampton (0.7 per cent), and Gympie (0.9 per cent) close to impossible to find rentals in. …
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Elite Agent
REIQ demands ‘urgent action’ to protect property market
The Real Estate Institute of Queensland has called for the Palaszczuk Government to protect Queensland’s property market “as a new wave of contagion threatens to undo the state’s recognised efforts of containing COVID-19 to date”. The essential temporary measures being asked for include a 75 per cent reduction in stamp duty and extending the First Home Buyers Grant to established housing. …
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Elite Agent
REIQ survey finds only 6% of renters qualified as “COVID-19 impacted”
A recent survey conducted by REIQ shows how Queensland propety managers have gone above and beyond when it comes to rent negotiations, often acting outside the Residential Tenancies and Rooming Accommodation (COVID-19 Emergency Response) Regulation 2020. A survey of over 1200 REIQ property management agencies revealed that only 6.05 per cent of rental tenants in the residential sphere qualified as “COVID-19 impacted” …
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NEWS
Noosa scores Qld’s priciest properties and Mackay market soars
Queensland’s residential property market continues to show strong and relatively stable results, with regional markets leading the charge. According to the Real Estate Institute of Queensland (REIQ), the first three-monthly quarter (1 January 2020 – 31 March 2020) indicates the Sunshine State remains resilient. The state’s capital, which achieved the highest number of annual sales, saw modest price increases in the housing sector across most suburbs in the greater area over the three months. …
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NEWS
Top accolades for RE/MAX performers
RE/MAX Australia has announced its first quarter high achievers at a virtual event entitled RE/MAX Evolve. Held on May 19, the event celebrated sales associates, sales teams and offices, who were ranked on performance each quarter in categories of commission generated and number of sales transactions. For the first time, the most recent event divided the network into 10 regions. Results for January to March 2020 included: Top officeBrisbane North – RE/MAX Victory, …
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NEWS
The Real Estate Institutes respond to COVID-19 impact on Australian property
As the far-reaching impacts of COVID-19 continue to be felt, the heads of the nation’s Real Estate Institutes have had their say on how they expect it will impact the Australian property industry. Responding to Ripehouse Advisory’s Whitepaper COVID-19 vs Australian Property, most industry heads are on the same page, remaining cautiously optimistic. Across the board, the consensus has been that property, …
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NEWS
Open homes and auctions halted
Real estate auctions and open homes are the latest casualties of the COVID-19 pandemic, with Prime Minister Scott Morrison tonight announcing these were among the events that “cannot continue” in a bid to combat Coronavirus. In an address to the nation, the PM labelled 2020 the toughest year for Australians “Our goal is to combat this together by following common-sense rules,” he stated. …
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NEWS
Tenants may get rent relief but landlords need protection too
The Australian Government, in conjunction with the State Governments is considering new measures to protect tenants who are unable to pay their rent due to COVID-19. …
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NEWS
Real Estate industry unites to support victims of the bushfire crisis
Within days of launch, almost 30 real estate industry brands have united behind the Beyond the Bricks campaign as part of an industry-wide response to the devastation caused by the bushfires. With a focus on a three-phase response that encompasses the pillars of ‘relief, rebuild, restore’, the group has already pledged more than $900,000 with four preferred charities flagged for donations. …
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NEWS
REIQ announces Awards for Excellence finalists
The Real Estate Institute of Queensland has announced the finalists in its 2020 Awards for Excellence which recognise best practice in the real estate profession in the Sunshine State. REIQ CEO Antonia Mercorella said the competition is set to be fierce, with 106 finalists across varying individual, agency and external categories. “We are continually heartened by the quality of the professionals within our sector, …
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NEWS
REIQ opposes Queensland rental reforms
The Real Estate Institute of Queensland has strongly opposed the state’s proposed new rental reform laws, claiming they are a “slap in the face to every day mum and dad property owners” and would “significantly damage” the Queensland rental market. The REIQ claimed stage one of the proposal, announced last Friday by Housing Minister Mick de Brenni, would see renters struggling to find suitable housing under already tight conditions. …
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NEWS
REIQ launches professional mentoring program
The REIQ has launched its inaugural mentoring program designed to connect people and create passion within the real estate profession. The REIQ Mentoring Program aims to equip up-and-coming real estate professionals with the personal and professional attributes that will enable them to excel in their chosen field. The program will do this by connecting mentees with carefully selected REIQ mentors, who will be highly regarded, …
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NEWS
REIQ announces new board directors at AGM
The REIQ has announced the re-election of Peter Brewer as both a Member Director and Chairman of the Board, following last week’s annual general meeting, held at the REIQ’s Cannon Hill offices. He was joined by property manager, Laura Valenti, who was elected to the board as its female member director, a dedicated position which was introduced to the constitution in 2018. …
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NEWS
The RBA cuts rates to 0.75 per cent
The Reserve Bank of Australia has cut official interest rates by 25 basis points to a record low of 0.75 per cent. Going into the meeting of the RBA, markets were predicting that there was a 79 per cent chance that there would be a rate cut at the October meeting. This year, the RBA has cut rates three times, taking the cash rate from 1.5 per cent to the current record-low of 0.75 per cent. …
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NEWS
The new due diligence: climate change on the agenda for home buyers
While due diligence has always been of upmost importance for those looking to purchase a new home, once upon a time that simply referred to things like building and pest inspections, utility access and land boundary checks. These days though, as awareness of climate change and its potential impact increases, home buyers need to think more broadly when it comes to doing their property homework. …
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National
Variable mortgage rates fall below 3 per cent following RBA’s second consecutive cut
Variable mortgage rates in Australia have hit a new low following the historic decision by the Reserve Bank of Australia to cut the cash rate to 1 per cent. Late this afternoon, RateCity.com.au confirmed Reduce Home Loans was among the small lenders embracing the latest cut, slashing its lowest rate by 0.20 per cent to 2.89 per cent. Meanwhile, ANZ was the first big bank to pass on the reductions in their entirety while several other smaller lenders cut their variable rate by the full 0.25 per cent. …
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NEWS
REIQ hits the road for the ‘Real Tour’
The Real Estate Institute of Queensland (REIQ) is set to hit the road with an educational road-trip tour around regional Queensland. The ‘Real Tour’ is a day-long program of entertaining, educational sessions, closing with a fun networking session with all of the speakers. REIQ CEO Antonia Mercorella said the road trip was designed to bring the best of the REIQ to regional members who don’t have the opportunity to travel to some of the bigger events hosted in the southeast corner. …
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NEWS
APRA proposes loan providers to set their own floor rate, allowing bigger mortgages
The Australian Prudential Regulation Authority (APRA) has announced a possible revision to its 7 per cent ‘stress test’ buffer on home loans. In a letter issued to authorised deposit-taking institutions (ADIs), APRA has proposed removing its guidance and allowing ADIs to review and set their own minimum interest rate floor for use in serviceability assessments. In the letter, the regulator also proposed ADIs’ serviceability assessments incorporate an interest rate buffer of 2.5 per cent. …
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EPM
In too deep: How to manage property through natural disaster
Cassandra Charlesworth spoke to principals in Townsville and the Whitsundays to find out what that experience is like, and to understand the most effective strategies they implemented when dealing with these defining moments. Townsville Flooding: Ben Kingsberry, Harcourts As the rain continued to fall in Townsville on 31 January, Harcourts Kingsberry Principal Ben Kingsberry knew this would be a weather event like no other. …
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NEWS
Brisbane defies falling house prices: REIQ
Figures from the latest REIQ Queensland Market Monitor have shown positive signs for Brisbane as the city closed out 2018 with a median house price growth of 1.1 per cent. According to REIQ CEO Antonia Mercorella, a rise of this kind for this market means Brisbane is really performing the best out of the three largest capital city property markets. However, …
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INDUSTRY NEWS
Negative Gearing reform will increase rents and decrease values: SQM
If Labor’s negative gearing policy is legislated in its current form, expect a rise in rental yields which will occur through a combination of falling house values and, eventually, a rise in rents. That’s the headline from an update to an SQM Research (SQM) research paper released in November 2018, modelling the proposed Labor Party changes to negative gearing that may come into play on 1 July 2020. …
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NEWS
Sunshine Coast agents dominate the REIQ Awards
THE Sunshine Coast staked its claim to be home to the best agents in Queensland, scooping five of the 19 awards at last night’s REIQ Awards for Excellence gala, as more than 500 real estate professionals gathered at the RNA Showgrounds. Jodie Hedley-Ward from McGrath Caloundra claimed the Best Salesperson of the Year award, while the agency also took home the Community Service award for its outstanding efforts to support local charitable causes. …
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NEWS
REIQ appoints new digital-focused General Manager
The REIQ is one step closer to finalising its digital transformation with the appointment of its new General Manager, Josh Callaghan. Mr Callaghan, who was previously the General Manager of financial comparison site Canstar and also co-founder of FinTech Queensland, says he is excited to take on this new challenge of REIQ’s transformation. “Real estate is dear to all Australians and there is still so much work to do in streamlining the process for consumers and creating greater efficiencies for agents. …
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NEWS
REIQ & REA are doing their bit to ease Townsville housing shortfall
Real estate peak body The Real Estate Institute of Queensland and REA Group who own Flatmates.com.au, have come together to establish a short-term solution for Townsville’s potential housing shortfall. As the massive clean up of flooded homes continues, displaced Townsville residents and workers flying into the city to help will have an easier time finding accommodation with REIQ CEO Antonia Mercorella announcing that Flatmates.com.au will be waiving listing fees for people in Townsville who are opening their homes, …
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NEWS
REIQ Hosts Emergency Forums to help Townsville Agents
Peak body for the Queensland real estate profession The Real Estate Institute of Queensland is hosting two forums in Townsville on Wednesday 13 February to help all real estate professionals manage issues arising from the floods. REIQ CEO Antonia Mercorella said the REIQ Townsville Flood Forum was free to all Townsville real estate professionals and was designed to answer all of their most pressing questions. …
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