Cassandra Charlesworth
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Industry News
Auction clearance rate holds above 70 per cent
The preliminary clearance rate continues to defy expectations, holding above 70 per cent for the second week in a row. Hot on the heels of the highest preliminary clearance rate since the beginning of the pandemic last week, this week 70.5 per cent of the auctions so far reported appear… …
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Real Estate Industry News
Michael Sheargold expands leadership toolkit with Coach the Coach
With a tough year now entering its final stretch, there’s never been a better time for real estate leaders to expand their toolkit and bring out the best in their team, according to renowned real… …
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Elite Agent
Highest preliminary clearance rate since March
With Melbourne still out of the picture, the remaining capitals have clocked up their highest combined preliminary clearance rate since March, coming in at 72.4 per cent. This is well above last week’s preliminary success rate of 67.3 per cent, which later revised down to 63.0 per cent at final… …
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Elite Agent
The harder the lockdown the faster the property market recovery?
The harder the lockdown, the greater potential for swift property market recovery. That’s the major takeaway of a Domain webinar that was recently delivered by Senior Research Analyst, Dr Nicola Powell, and Domain National Managing Editor, Alice Stolz, who took a deep dive into what’s happening in Victoria. Covering topics… …
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Real Estate Industry News
Auction results highlight Melbourne’s pain
The lockdown toll is being felt across the Melbourne auction market, with CoreLogic reporting a clearance rate of 27.3 per cent this week after three of the 14 homes listed for auction at the weekend sold prior, and eight were withdrawn. Domain had similar figures, reporting a clearance rate of… …
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Elite Agent
National clearance rate at 67.3 per cent as Melbourne grinds to a halt
This week, the combined capital city preliminary auction clearance rate held firm relative to last week across a lower volume of auctions. This was despite a record slump in Melbourne where the volume plummeted to just 14 properties and the clearance rate struggled to reach 27.3 per cent. Across the… …
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Elite Agent
Bathurst indicative of tight regional rental market
Bathurst Real Estate principal Michael Whittaker has confirmed just how tight the rental market is in some regional areas of New South Wales, noting vacancy in his region is currently below 1 per cent. In… …
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Elite Agent
Who’s where on the property clock as spring selling begins?
Tasmanian cities are among the new additions to the top of the property clock, according to the September Month in Review by Herron Todd White. Launceston and Bernie/Devonport have now joined capitals like Adelaide, Hobart and Canberra, along with regional areas like Albury, Geelong, and Bathurst at the peak of… …
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Elite Agent
REIV slams Vic Gov as sector faces ‘double whammy’
The Real Estate Institute of Victoria has slammed the Victorian State Government for its continued ban on in-person inspections, claiming the decision will “effectively keep the property market shut down for an uncertain period”. Shortly after Premier Daniel Andrews today revealed strict lockdowns would extend a further two weeks, the… …
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Elite Agent
Sydney’s August clearance rate hits highest point since start of pandemic
The month of August saw Sydney achieve its highest clearance rate since the start of COVID-19, with the harbour city returning a success rate of 59.7 per cent. A report by Domain indicates Sydney’s clearance rate edged 1.8 per cent higher throughout the month, taking it to 23.6 percentage points… …
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Real Estate Industry News
Lower auction volume, but clearance rate stable
This week, the combined capital city preliminary auction clearance rate was down only slightly to 67.5 per cent across a lower volume of auctions. CoreLogic figures indicate there were 882 homes taken to auction over the week, down from 1128 the previous week and 1533 this time last year. Of… …
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Elite Agent
RBA takes hold and hope approach
The Reserve Bank of Australia (RBA) has left the official cash rate on hold at 0.25 per cent as the nation’s economy continues to feel the fallout of COVID-19. Noting the economy is grappling with the “biggest contraction since the 1930s” RBA Governor Philip Lowe said his board was committed… …
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Real Estate Industry News
Rate of home value decline eases
Australian home values have recorded their fourth month of COVID-induced decline, with the CoreLogic home value index dropping a further 0.4 per cent in August. Although the overall figure highlights a downward trend, CoreLogic notes the fall is not consistent across the board with some areas faring far better than… …
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Elite Agent
The Agency reports 48 per cent increase in revenue
The Agency is celebrating success, with their financial results for 2019/20 indicating a turnaround in cashflow and earnings before interest, taxes, depreciation, and amortization (EBITDA), along with a 48 per cent increase in revenue. Released on August 31, The Agency’s ASX announcement highlights 12 months of operational growth and improvement,… …
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Elite Agent
Clearance rate continues to climb in conjunction with higher volume
The national preliminary clearance rate has risen to 67.7 per cent after a higher volume of auctions across the capitals this weekend. Sydney led the charge with a preliminary clearance rate of 74 per cent, while Melbourne returned a success rate of 49.6 per cent on the back of high… …
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Real Estate Industry News
Consumer connection the focus as Real Estate Industry Partners announce new CEO
First established about three years ago, REIP includes some of the sector’s biggest brands and independent agencies. Now they’re looking to improve the profile of the industry by working alongside the national and state real estate industry (REI) bodies to offer a unified national voice at a consumer, industry, and… …
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Elite Agent
Hammer falls on another steady auction week
While Melbourne continues to fluctuate, Sydney’s preliminary clearance rate is on the rise, this week coming in at 71.9 per cent, while the national success rate held steady at 64.7 per cent. CoreLogic reports 1082… …
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Industry News
Auction clearance rate holding firm
The preliminary auction clearance is holding firm, with the capital cities this week returning a success rate of 64.3 per cent on the back of slightly lower volume. This week CoreLogic reports 1042 properties were… …
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Real Estate Industry News
HTW property clock shows general stability, but Sydney and Melbourne in decline
This month’s Herron Todd White property clock paints a picture of relative stability when it comes to market positioning, but with a few notable exceptions. Melbourne is officially “starting to decline” in both the housing… …
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Real Estate Industry News
Auction clearance rates buoyed by a strong preliminary result across Melbourne
Auction clearance rates buoyed by a strong preliminary result across Melbourne This week’s preliminary clearance rate has come in at 65.9 per cent on the back of higher volumes than both last week and last… …
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Elite Agent
Top tips from NZ agents on how to navigate Stage 4 lockdown: Gower Buchanan
Speaking from Auckland, Ray White Pononsby director Gower Buchanan is quick to reassure his Melbourne colleagues there will be light at the end of this tunnel. Six months on from Stage 4 lockdowns he notes… …
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Real Estate Industry News
Sector seeks to confirm what stage four lockdowns mean for Melbourne real estate
The Victorian real estate sector is seeking to confirm exactly what stage four restrictions in Melbourne and Mitchell Shire will mean for the state’s property industry after a raft of announcements were released today relating to retail, the construction sector, and other industries. Here’s what we know so far… Clarity… …
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Real Estate Industry News
Clearance rate rises on the back of lower volumes and fewer withdrawals
The combined capital city preliminary clearance rate improved this week, coming in at 65.3 per cent on the back of lower auction volumes. CoreLogic reports 1162 properties were taken to auction at the weekend with… …
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Real Estate Industry News
Auction volume increases, but Victorian withdrawals weigh down results
Continuing lockdowns in Melbourne again saw a high volume of properties withdrawn from auction this week, weighing down the national preliminary clearance rate, which came in at 59.2 per cent. This week’s preliminary figure was the same as last week, but came off the back of higher volume. CoreLogic reported… …
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Elite Agent
‘Adjusted’ clearance rate paints an interesting picture
Withdrawn properties in Victoria continued to weight down the clearance rate this week, but as CoreLogic and others reflect, it’s important to keep things in perspective. This week 1167 properties went to auction across the… …
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Real Estate Industry News
HTW Month in Review sees southern capitals top of the property clock
Heron Todd White (HTW) has released their month in review, with a series of new suburbs entering different positions on the property clock courtesy of recent Covid-19 events. Top of the clock are a swag of new areas, with Adelaide, Melbourne, Canberra and Hobart among them, while Sydney continues to be positioned in the beginning… …
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Real Estate Industry News
Preliminary clearance rate shows 62.2 per cent of homes sold at auction
As the weekend results continue to come in, the resumption of lockdowns in Melbourne appears to have had a mixed impact on the auction market, with the Victorian capital recording higher volumes than last year, an increased number of properties withdrawn and a preliminary clearance rate of 63.7 per cent. CoreLogic notes these results are… …
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Real Estate Industry News
Housing markets tell a stronger tale of resilience: PM Scott Morrison
Prime Minister Scott Morrison has responded to recent data that reveals a record slump in new home loans, noting the drop was not unexpected and the Australian property sector remains resilient. Speaking on the Australian Bureau of Statistics data which indicated new loan commitments for housing dropped 11.6 per cent in May, Mr Morrison said… …
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Real Estate Industry News
New home loans slump to lowest number on record in May
As expected, new home loans have fallen sharply in response to the COVID-19 crisis, with the latest Australian Bureau of Statistics figures indicating the value of new loan commitments for housing dropped 11.6 per cent in May. Noting this was the largest fall in the history of the series, ABS Chief Economist Bruce Hockman, said… …
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Real Estate Industry News
Victorian lockdowns do little to dampen buyer enthusiasm
Two additional postcodes have been added to the list of locked down suburbs in Victoria, with Kensington, Flemington, Hotham Hill and North Melbourne joining the restricted areas as of midnight Saturday. They add to a lengthy list of suburbs already subject to restrictions due to a surge in Covid-19 cases in the Victorian capital. According… …
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Real Estate Industry News
Preliminary clearance rate improves while fewer homes taken to auction
Preliminary clearance rate improves while fewer homes taken to auction As is traditionally the case, school holidays had a direct impact on auction volumes this week across the capitals, with a total of 1185 homes scheduled for auction compared to 1485 last week. While volumes were lower, the clearance rate trended higher, according to CoreLogic… …
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Brand Editorial
EBM RentCover stresses importance of following rent freeze process
EBM RentCover is stressing the importance of following the government’s rent freeze process after receiving an influx of inquiries from landlords relating to COVID-19. EBM RentCover Managing Director Sharon Fox-Slater explained while there hadn’t been a notable rise in insurance claims during the past couple months, there had been a… …
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Elite Agent
30 minutes with Daniel Lee – Plum Property Brisbane
Only 10 seconds into a video depicting an Indooroopilly home, it’s hard not to break into outright laughter. On screen is Plum Property principal Daniel Lee looking for all intents and purposes like a dodgy used car salesman espousing the virtues of a true “renovator’s delight”. It’s irreverent, it’s downright… …
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Real Estate Industry News
Seller confidence on the up as clearance rate holds steady
Seller confidence continues to improve with the capitals reporting the highest number of auctions in nine weeks on Saturday, along with volume and clearance that exceeded this time a year ago. CoreLogic reported 1424 homes went to auction at the weekend, returning a preliminary clearance rate of 64.5 per cent. “This was the highest number… …
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Real Estate Tech & Social
Real estate industry invited to contribute to PropTech future
The real estate industry is being invited to have its say on the future of PropTech after REACH Australia unveiled a group of Australasian PropTech providers who could revolutionise the sector both locally and overseas. Known collectively as the REACH Australia Class of 2020, the companies included in the cohort… …
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