News Room
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BTW
Property Council of Australia supports international students returning to NSW
The return of international students will significantly benefit inner-city residential and commercial vacancy rates across the country, according to the Property Council of Australia. …
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Celebrity Homes
Matt Damon sold his Los Angeles mansion after reducing the cost by US$3 million
He might be one of Hollywood's most profitable actors, but even the biggest stars have to follow market conditions. Matt Damon has reduced his Pacific Palisades mansion in Los Angeles by just over US$3 million, having moved to Brooklyn Heights earlier this year. …
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BTW
REIA calls on Government to address regional housing supply
The Real Estate Institute of Australia are putting the pressure on the Government to address the regional housing crisis, noting the matter requires urgent scrutiny. …
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BTW
The five best locations to invest in Australia with houses under $650,000
Property investment adviser Grant Foley has revealed five Australian locations where you can purchase freestanding houses for under $650,000. The Announcement: The strong market conditions over the past year are not deterring investors who can still strategically purchase a house in a number of affordable locations around the nation, according to a Qualified Property Investment Adviser (QPIA). Grant Foley Property Director, …
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INTERNATIONAL
Recent homebuyers are more likely to rent out part of their property for additional income
New US-based research has found recent homeowners have been finding increasingly creative ways to generate income and offset expenses. …
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NEWS
How to sell an Australian investment property from Hong Kong
A seller in Hong Kong, an agent in Werribee, a buyer purchasing sight-unseen over the internet, and it all taking place while in lockdown. When Rob Westwood from First National Westwood sold 69 Kellerman Drive in Point Cook recently, it was a masterclass in selling in the time of COVID-19. …
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INDUSTRY NEWS
Propic appoints David Choi as Chief Commercial Officer
Property intelligence start-up Propic has appointed David Choi as their new Chief Commercial Officer and Strategist with an immediate start. …
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BTW
Homegrown PropTech platform drives digital land sales
Oliver Hume has launched a new Proptech platform, allowing buyers to pay deposits online, without visiting a sales office. …
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BTW
Downsizers can avoid stamp duty when purchasing in land lease communities
Downsizing.com.au has published a report analysing the savings on offer for new homes in new land lease communities …
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BTW
Sydney-based Chadwick Real Estate expands with new Hornsby office
Chadwick Real Estate has opened a fourth office in Hornsby, ready to take advantage of the high demand for residential and commercial leasing in the North Shore region. …
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NEWS
Why local businesses should communicate with customers via text messages
There are an estimated 3.8 billion smartphone users in the world, with 80 per cent of Australians using a smartphone in 2021. Â …
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APPOINTMENTS
Knight Frank appoints Paul Roberts as Head of New South Wales
Knight Frank has announced a new leader for its New South Wales (NSW) business, with an optimistic outlook moving forward for the state. …
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INDUSTRY NEWS
New and total listings drop across Australia as national rental supply nears all-time low
The Australian rental market has become increasingly competitive as available rental supply continues to sharply decline over 2021. …
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INDUSTRY NEWS
The AREAs are back with a new feel-good award category
The Annual REA Excellence Awards (AREAs) are back to celebrate the success of the real estate industry, with a new wellbeing award added to the list of honours in 2021. Partnering with health experts at Benny Button for the Wellbeing Initiative of the Year Award, REA Group said it is designed to recognise companies and individuals who have introduced wellbeing initiatives in the workplace to support their teams at work and in their personal lives. …
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NEWS
Mother-daughter kick start real estate dream with OASIS platform
Mum-and-daughter team Vanessa and Cheyne Brunton are enjoying overseeing their own destiny with @realty’s innovative OASIS platform, which helps agents run their own independent agency with all the support of a major franchise and more. …
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BTW
South-East Queensland’s population is booming, while Victoria’s declines
Victorians continue to migrate out of the state, as Queensland welcomes nearly 44,000 new residents since March 2020. …
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BTW
Five key recommendations to promote economic recovery in Western Sydney
The Property Council of Australia has provided five key recommendations for Western Sydney's economic recovery when restrictions ease …
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FRANCHISE NEWS
Melbourne agents embrace Eview Group’s ‘Your Brand Your Business’ model
Anthony Alagona, Omar Morsi and Daniel Sacco are the latest agents to embrace the Eview Group's 'Your Brand Your Business' model …
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BTW
Sarah Wotton joins DiJones Southern Highlands
DiJones Southern Highlands has welcomed sales agent Sarah Wotton to the team. …
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BTW
Property investors expect house prices to continue rising
The 2021 PIPA Annual Investor Sentiment Survey has revealed investors still believe it's a good time to invest. …
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National
Perth’s most affordable house prices compared to Melbourne and Sydney
Perth is known to be one of the most affordable cities in Australia to buy a house, but nothing makes this more evident than looking at the equivalent suburbs in pricier Sydney and Melbourne. …
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NEWS
How low can we go? Records slashed again as lowest home loan rate drops to 1.59 per cent
How low can we go? Home loan rates have dropped to a record low of 1.59 per cent, a further 0.20 per cent below the latest record. …
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NEWS
How millennials’ digital habits and home ownership trends have impacted the Australian property market
Millennials are a digitally savvy generation, going online to shop, socialise and work. So it is little surprise they would seek out digital alternatives in real estate, too. …
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BTW
Singapore and Hong Kong buyers set to underpin Sydney’s prestige market
Buyers from Hong Kong and Singapore will help propel Sydney's residential and commercial markets into 2022, according to Raine & Horne's Ric Serrao. …
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APPOINTMENTS
Knight Frank NSW appoints new Head of Assessment Management Services
Knight Frank has announced the appointment of their new Head of Assessment Management Services (AMS) in NSW, Jeremy Prestoe. …
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BTW
New home sales remain strong in August
The HIA New Home Sales report shows a strength in new home sales during August, however sales remain 15.5 per cent lower then 2020. …
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NEWS
LJ Hooker celebrates its 93rd anniversary by partnering with Lifeline
LJ Hooker has announced an official partnership with Lifeline, which is aimed at helping the charity’s crisis support services and suicide prevention. …
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BTW
Gateway approval for new Chatswood development
Heworth Holdings Group has received approval for a 25-storey residential and commercial development in Chatswood, Sydney. …
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EVENTS
Ewan Morton shares five key rent roll growth tips, including how to scale with technology
In RiTA by AiRE's recent webinar, Morton's Joint Managing Director, Ewan Morton, shared his five key rent roll growth tips that agencies should focus on. …
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NEWS
More retirees have large mortgages but fewer are downsizing
Fewer retirees are looking to downsize this spring selling season, according to the REIA, with listings down 20-40 per cent …
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FRANCHISE NEWS
Ray White Queensland has celebrated its 2021 top performers
More than 1200 Ray White Queensland members celebrated the achievements of the top offices and individuals over 2020-21 …
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National
Australia’s population growth rate is the slowest in more than 100 years
Australia's population only marginally grew in 2020, primarily due to the impact of international border closures on overseas migration. …
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BTW
Office culture will be impacted as more Australians work from home
The Property Council of Australia have responded to the Productivity Commission’s working from home research paper, noting the report correctly depicts national work patterns. The Announcement: The Property Council of Australia has welcomed the release of the Productivity Commission’s ‘Working from home’ research paper saying it is important to understand the impact of the pandemic on the future of Australia’s work patterns. …
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BTW
Plans lodged for Mermaid Beach to become a luxury hub
Developers Hirsch and Faigen have lodged plans with the Gold Coast City Council for a luxury 26-storey precinct in Mermaid Beach, delivering a collection of 146 apartments. The Announcement: The latest injection of architectural excellence is one step closer to rising in Gold Coast’s illustrious Mermaid Beach with seasoned Melbourne based-developers Hirsch and Faigen lodging plans with council for a collection of timeless residences set within a secluded enclave. …
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FRANCHISE NEWS
Rising star takes the reins at First National Real Estate Warwick
She is only 26 years old, but Tori DeMamiel has already advanced from real estate trainee to business owner in just four years. …
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