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Elite Agent
A sporting chance: Don Ha gives rugby players an education in real estate
When former New Zealand All-Black Jonah Lomu died suddenly in 2015, at age 40, he was roundly considered by many to be one of the all-time greats of the game.
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NEWS
Ryan Seacrest lists resort-style house for $115.5m
Ryan Seacrest is joining the long list of wealthy Hollywood stars moving away from Los Angeles, as he puts his resort-style Beverly Hills house on the market for a hefty AUD$115.5 million.
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NEWS
Cash rate not expected to lift for three years
"From a housing market perspective, home buyers are clearly responding to the unprecedented levels of stimulus available," With interest rates set to remain at these record lows for an extended period of time, attention is already focusing on how to manage associated risks of an 'over-heated' housing market while at…
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NEWS
Detached house building approvals hit a 20-year high
"October 2020 was the best month for new detached house building approvals in almost 21 years,"Master Builders Australia Chief Economist Shane Garrett said. During October 2020, a total of 10,936 new detached houses received building approval. The last time a higher figure was recorded was back in February 2000. "The…
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Elite Agent
1.1 million Aussies plan to sell their houses in the next six months
DFA’s survey data concluded that over 1.1 million Australians intend to sell their property in the next six months. In terms of the demographics, 298,093 international owners (foreign citizens and Australians living overseas), 309,032 investors, 115,893 up traders, 350,093 down traders and 28,003 first home buyers intend to sell in…
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Elite Agent
50 lenders now offer mortgages under 2 per cent
There are 50 lenders now offering a total of 126 home loan under 2 per cent. That's 40 per cent of the 124 lenders on the RateCity.com.au database with at least one home loan rate starting with a '1'. On the average $400,000 home loan, a rate under 2 per…
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Elite Agent
89 per cent of property experts want land tax not stamp duty
Finder's RBA cash rate survey: 89% of experts support axing stamp duty nationally News highlights: Majority of respondents in favour of national land tax rollout Brisbane ranked as best capital city to buy property All experts surveyed (40/40) predict a cash rate hold for December 30 November 2020, Sydney, Australia -…
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Elite Agent
Managing the managers: Kirk Stafford on coaching PMs
Just as it took Kirk Stafford a recession during the early 90s to discover he was “a far better property manager than salesperson”, it wasn’t until the pandemic hit earlier this year that he realised he should step into property management coaching. In doing so, he is filling a huge…
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Elite Agent
Cancelling rental debt would be ill-informed and cause mayhem: REIV
The Real Estate Institute of Victoria has hit out against calls by tenancy advocate groups to cancel all rental debt.
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NEWS
Which are the most affordable and liveable suburbs?
Research from PRD Real Estate has revealed the most affordable and liveable suburbs in Sydney, Melbourne, Brisbane, and Hobart, as we swing into the new year. PRD calculated the difference between the average home loan in a state, and the median unit and house prices in the suburbs to measure affordability. Liveability took into account crime statistics, amenities, employment rates,…
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NEWS
Property Council implores Qld Government to support build-to-rent projects in Budget
Ahead of Tuesday's budget, the Property Council of Australia is urging the Queensland Government to match the commitments of the New South Wales and Victorian Governments and introduce land tax concessions for Build-to-Rent projects in Queensland. "With COVID-19 drastically impacting economies around the globe, there has never been a more…
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NEWS
:Different appoints first Head of Leasing and launches rent roll management service
Australian property management company, :Different has appointed seasoned real estate expert Kasey McDonald to the newly-created role of Head of Leasing.
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Elite Agent
Stamp duty is a terrible tax – its evils are well understood: Property Council
This week, State Treasurer Tim Pallas announced the Victorian Government would be slashing stamp duty. It's not the wholesale removal of the tax that New South Wales — for home sales under $1 million only — at a rate of 50 per cent for new build homes and 25 per…
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Elite Agent
Confusion surrounds whether pets are allowed in NSW apartments
The recent decision preventing Owners Corporations from blanket bans on pets in New South Wales apartment buildings, meaning all unit owners can keep pets in their homes, was seen as a big win for animal lovers. But according to the Real Estate Institute of NSW (REINSW), it has also fuelled…
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Elite Agent
Vic Budget: Renters and owners to benefit from $797m household energy package
The Victorian Budget 2020/21 has promised what the Andrews Government are calling "the biggest household energy efficiency package in any state’s history" among a number of historic housing packages announced. creating thousands of jobs, while also reducing greenhouse gas emissions. Spending more time at home this year has meant bigger power bills…
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Elite Agent
REIACT Awards 2020: All the winners
The ACT’s real estate sector came together on Saturday night to celebrate its’ achievements and recognise outstanding performers in a year that has changed the way real estate has had to be done. “This year, our Awards for Excellence has showcased the adaption, innovation and education the real estate sector…
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Elite Agent
Rules relaxed for Victorian inspections and auctions
Victorian Premier Daniel Andrews has announced further relaxations to the state's COVID-19 restrictions. Open for inspections and in-person auctions can now be attended by up to 20 people indoors, and 50 outdoors. Workers in the Melbourne CBD will return to offices from next week, with strict capacity numbers and cleaning…
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Elite Agent
Victorian homes averaging just 33 days on market
The latest Days on Market data from the Real Estate Institute of Victoria revealed that, in October, the average Victorian home spent just 33 days on the market before being sold.
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Elite Agent
Reese Witherspoon sells her Malibu ranch for US$6.7m
Reese Witherspoon has offloaded her second Los Angeles property in the past six months, after recently selling their Malibu ranch in an off-market $6.7m deal.
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NEWS
REIA opposes new foreign investment fees for residential property
REIA has fronted a Senate Economics Committee to give evidence on the Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2020.
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Elite Agent
REINSW notes ‘unintended consequences’ of stamp duty reform
While the news that the NSW Government are planning to remove stamp duty taxes may appear to be good news on the surface, the Real Estate Institute of NSW highlights some of the unintended consequences of simply replacing one tax with another. “It is clear that the way property is…
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NEWS
3.8 million Aussies plan to buy property in 2021: Finder
Record-low interest rates, government stimulus, the rise of remote work, and a readjustment of priorities has led to a sharp increase in house hunting, according to new research by Finder.
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Elite Agent
The art of negotiation – find their motivation
Gino De Iesi is the Principal at McGrath Northcote. Here, he shares his tips for negotiating with potential sellers, and managing the expectations of vendors.
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Elite Agent
Check out Cameron Smith’s new home on the Gold Coast
Rubgy League legend Cameron Smith played his final game for the Melbourne Storm this year, but it appears he had made the mental move up the coast as early as May.
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NEWS
Perth vacancy rate drops again, heading towards a forty-year-low
The residential vacancy rate in Perth has dropped again, now sitting at 0.95 per cent.
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Elite Agent
Stamp duty could soon be scrapped in NSW
The NSW Government has today announced they are "considering a once in a generation change" in stamp duty laws.
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Elite Agent
A demand for detached housing will ‘pull the economy forward’: HIA
A renewed interest in detached housing will put our economy into recovery mode, according to HIA's Chief Economist Tim Reardon.
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Elite Agent
The housing sector is turning a corner: ANZ
After considering their initial view of a 10 per cent housing drop "too pessimistic", ANZ economists now feel that the housing market bottomed out last month, and will rise throughout 2021.
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Elite Agent
Monica, Marge, and Carrie: the TV homes we take design inspiration from
There's a long running joke about the likelihood of the characters from Friends actually being able to afford those spacious Manhattan apartments they live in.
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Elite Agent
Top student housing company offers 20,000 quarantine spots to rebuild industry
A recent report on the $32 billion international student industry paints a dire picture.
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Elite Agent
Vic Government announces biggest public housing project in Australian history
The Victorian Government has announced a historic $5.3 billion social housing project that will see over 12,000 public houses built and create 43,000 jobs.
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Elite Agent
‘Pain before gain’ – Investors will return with the international students
“Investors who already own property and are suffering may want to hang in there for another six or 12 months."
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NEWS
The Block holding virtual open for inspections
As this season of The Block steers towards completion, one obvious question remains.
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Elite Agent
How are renter-landlord relations faring in the pandemic?
Researchers from RMIT University and the University of Adelaide have teamed up for a study that reveals the pandemic has created significant tension in the landlord-tenant relationship.
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Elite Agent
Optimism returns to the property market: report
Positive sentiment has returned to the property market, according to ME’s latest Quarterly Property Sentiment Report.
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