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BTW
Federal Government needs to boost population growth and productivity
The fifth Intergenerational Report shows migration and urban productivity are crucial to Australia’s future. The Announcement: The Property Council of Australia has labelled the latest Federal Government Intergenerational report a ‘wake-up call’ for policymakers on the importance of population growth and increased productivity to Australia’s economy. The fifth Intergenerational Report, released today, has found that Australia’s birthrate is expected to…
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BTW
McGrath extends regional presence with new offices in Orange and Molong
Fitzgerald Estate Agents has relaunched as McGrath Orange and there will be a second office at nearby Molong. The Announcement: Leading residential real estate group, McGrath Estate Agents, today announced the opening of two new offices in Orange and Molong, a move that reflects the company’s intent to expand further into new key regional lifestyle areas in NSW and Victoria.…
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APPOINTMENTS
Nigel O’Neil takes top Barry Plant job with clear vision for the future
Nigel O’Neil will take over from Mike McCarthy as chief executive officer at the Barry Plant Group from July 1. Mr O’Neil joined the group in late 2019 and has held the position of head of strategic growth up until this point. Mr McCarthy will remain a director and will continue to be significantly involved in the business. Mr O’Neil…
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Real Estate News
Victorian and WA markets show impressive sales trends
Online offer management system Market Buy has reported solid sales trends across the country, with properties selling for up to $29,500 more in the June quarter compared to its March counterpart.
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BTW
Jaw-dropping Sydney mega-mansion set to torpedo Sutherland sales record
A six-level Sydney mansion with authentic WWII torpedo in its basement is now on the market. The Announcement: One of Australia’s most extraordinary uber-mansions, home to an authentic WWII torpedo in its basement, is set to hit the market in coming weeks, offering buyers the chance to own six levels of inconceivable luxury perched on the shores of Sydney’s Burraneer…
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BTW
Knight Frank Perth and Mack Hall Real Estate enter into partnership
Knight Frank and Mack Hall Real Estate have announced a new partnership in Perth The Announcement: Knight Frank’s Perth office has entered into a partnership with Perth’s premium agency for prestige residential property, Mack Hall Real Estate. The partnership, branded ‘Mack Hall in Association with Knight Frank’, means the two businesses will work together in the luxury residential space to…
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Celebrity Homes
Yvette Mimieux’s stunning $45 million Bel Air estate for sale
Home to one of old Hollywood's most glamorous couples, Il Sogno (the dream) has come on the market at US$45 million.
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INDUSTRY NEWS
Expats and international investors stoking the local market
International investors and expats looking to return home to Australia are continuing to show strong interest in many markets across the country and are contributing to upward pressure on house prices.
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INDUSTRY NEWS
WA extends its rent relief scheme
The WA State Government has extended the Residential Rent Relief Grant Scheme (RRRGS) which aims to help tenants facing financial hardship.
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Real Estate News
Profit-making resales jump thanks to hot property market
The number of home owners selling their property at a profit jumped in the March 2021 quarter thanks to the record run for property prices.
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BTW
REIWA’s annual Auctioneering Championships showcase WA’s best talent
The Real Estate Institute of Western Australia (REIWA) has awarded the ultimate gavel to the finest local talent at their annual Auctioneering Championships. The Announcement: Tom Esze from TomEsze.com has taken out first place in the senior category at REIWA’s annual Gift of the Gavel Auctioneering Championships. The championships, which were at Wembley Golf Course, are divided into two categories,…
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APPOINTMENTS
Ray White welcomes new chief auctioneer for Queensland
Ray White has welcomed award-winning auctioneer Gavin Croft back to the group with open arms, as chief auctioneer for Queensland. Ray White Queensland CEO Jason Andrew labelled Brisbane-based Gavin Croft as “one of the finest auctioneers in the country”. “After being appointed as the chief operating officer of Ray White New Zealand in early 2020, COVID impacted Gavin and his…
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Real Estate News
NSW Budget isn’t giving back to housing after stamp duty boom
The billion-dollar stamp duty surge generated by pandemic stimulus will see the New South Wales (NSW) Budget return to surplus sooner than expected. But the windfall isn’t being directed into urgently solving NSW’s social and affordable housing crisis. The Australian Institute of Architects NSW Chapter President Laura Cockburn expressed her disappointment with the lack of attention to the housing crisis.…
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INDUSTRY NEWS
REISA welcomes new budget but seeks more focus on housing
The Real Estate Institute of South Australia (REISA) has welcomed the continued emphasis on infrastructure throughout the region, but was concerned with the lack of investment in the housing sector. The 2021-22 State Budget handed down by the South Australian (SA) Treasurer Rob Lucas maintained a strong economic focus but should have included more assistance for the property sector, according…
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NEW ZEALAND
Housing policy changes have had little effect on the NZ market
Three months on from the New Zealand government’s housing policy, CoreLogic reveals the changes are yet to have a discernible impact on the market. CoreLogic Head of Research Nick Goodall admits it’s “still early days”, after the New Zealand (NZ) government policy was announced on 23 March this year. “It’s hard to disentangle the government’s bright-line extension and tapered removal…
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Celebrity Homes
Acting legend Jack Lemmon’s US$13 million Malibu beach home for sale
Two-time Academy Award winner Jack Lemmon was one of the busiest and most popular movie actors in the last half of the 20th century. In 1971, Lemmon purchased a Malibu Beach house for his family in the Broad Beach celebrity-favoured section of Malibu Beach. The family enjoyed it for decades, creating many happy memories. The stunning beachside mansion is now for sale,…
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Real Estate News
SA Budget misses chance to get empty nesters moving
The South Australian Budget has delivered a huge $17.9 billion in infrastructure, which was set to underpin the state’s robust real estate markets and future growth. However, Raine & Horne SA General Manager James Trimble said the Budget was a missed opportunity. Mr Trimble said Treasurer Rob Lucas should have encouraged empty nesters to downsize into smaller homes in Adelaide…
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Celebrity Homes
Ray White family set to sell Ascot home
The family of real estate giant Ray White are set to sell their cherished Brisbane home. Located in Brisbane’s illustrious Ascot, the classic federation home is scheduled for auction on 17 July with Ray White New Farms leading prestige agent Matt Lancashire. It’s the family home of Ray White Group Chairman Brian White and wife Rosemary, who have owned it…
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BTW
REINSW: Budget bounces back because of property
The Real Estate Industry Association of New South Wales (REINSW) is calling on the State Government to work with the sector after figures revealed real estate is the state’s biggest revenue source. The Announcement: With Budget figures showing stamp duty from property transactions has contributed over $9 billion to the state’s economy, it’s time for the NSW Government to work…
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BTW
NSW Budget will help economy roar back to life
The New South Wales budget is set to bolster the local economy after the pandemic slump, but the state’s housing crisis was only given a modest boost. The Announcement: The Property Council of Australia today welcomed the NSW Budget 2021-22 as critical to cement the strong foundations set by the Berejiklian Government to secure NSW’s economic and social recovery from…
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APPOINTMENTS
Ray White Gold Coast raises the bar with star agent arrival
The Ray White Group is thrilled with their recruitment of a local up-and-coming agent on the Gold Coast.
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National
REIA urges Australians to use deposit schemes
Thousands of Australians have been given their first real chance to buy their own home.
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Real Estate News
Industry icon Tony Abboud and his team join The Agency
The Agency has welcomed the news renowned Sydney agent Tony Abboud and his team are set to join the growing brand. With 41 years experience in the industry as a successful business owner, property consultant, trainer and mentor, Mr Abboud is considered a true industry legend, The Agency explained. Mr Abboud’s Snowden Parkes brand has been a dominant force in…
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BTW
Builders back moves to boost home ownership
Master Builders Australia has welcomed the release of 30,000 new places under the First Home Loan Deposit Scheme, New Home Loan Guarantee and Family Home Guarantee. The Announcement: The Federal Government has announced the expansion of housing programs that are helping more people to own their first home provides and strengthening economic recovery. “The release of 30,0000 new places in…
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BTW
A toast to reimagining the Cahill Expressway
The Property Council of Australia has welcomed plans to transform Sydney’s Cahill Expressway into a world-class party stage for seven days over New Year. The Announcement: NSW Executive Director of the Property Council of Australia Jane Fitzgerald on Saturday said the reimagining of the Cahill Expressway as a place for Sydneysiders to enjoy, and importantly to show the world why…
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APPOINTMENTS
Katie Cotton joins Ray White Queensland
Ray White has announced the appointment of Katie Cotton as Chief Growth Officer for Queensland The Announcement: Ray White Queensland will soon welcome highly regarded real estate professional, Katie Cotton, to its growing corporate family. In her new role as Chief Growth Officer for Queensland, Ms Cotton will develop strategic plans to drive growth for the leading network in the…
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APPOINTMENTS
Sunnybank welcomes ‘Supreme’ service
RE/MAX Australia has announced the opening of RE/MAX Supreme in Sunnybank, Queensland, under the leadership of broker owner Gordon Sui. The successful businessman has worked tirelessly to achieve whatever he sets his mind to since immigrating to Australia from China in 2003, but it is his latest business venture as a franchise owner, alongside his business partner Jessica Suen, which…
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Real Estate News
The hot new search term for homebuyers
The world has changed dramatically over the past 18 months and as a result, the types of homes people are wanting to buy has also seen a dramatic shift. According to realesate.com.au, the most popular search term is now ‘study’, indicating that many people are clearly changing the way they work and live. With lockdowns continuing to wreak havoc in…
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Real Estate News
235 Perth suburbs have median rents below their peaks
The Perth rental market is significantly more affordable than it used to be, with reiwa.com analysis showing 235 suburbs had median house rents below their peak prices in May 2021. REIWA President Damian Collins said the vast majority of Perth suburbs were more affordable for tenants than they used to be. “reiwa.com analysis shows 201 of the 235 suburbs had…
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Real Estate News
The world’s largest housing bubbles
Australian housing prices have been on a record run over the past 12 months, however, a new report suggests it’s nowhere near the biggest bubble in the world.
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INDUSTRY NEWS
Website Blue announces major real estate partnership
Australian real estate website and marketing agency, Website Blue has announced a website development partnership with Harcourts International. The partnership, which covers the development of over 2000 domains, is touted by Website Blue as one of the region’s largest web development projects.The new website development project is aimed at future proofing lead generation for business owners, agents and property managers,…
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BTW
First home deposit scheme well placed to help thousands
The Housing Industry Association of Australia has welcomed the adjustment of First Home Loan Deposit price caps and build times.
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BTW
Gold Coast tower records $110M in sales
A Gold Coast development has secured $110 million in sales only weeks after the development application was submitted The Announcement In one of the most successful sales campaigns ever seen on the Gold Coast, Sydney-based Sammut Group has secured an astronomical $110 million in conditional sales in its ultra-luxury “Coast” project after submitting a development application only three weeks ago.…
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BTW
Fantastic Fridays a fab idea, says Property Council
The Property Council of Australia has welcomed an initiative to entice workers back to Sydney’s CBD The Announcement: NSW Executive Director of the Property Council of Australia Jane Fitzgerald today said the NSW Treasurer’s announcement of a $50 million investment to entice workers back into the Sydney CBD on Fridays was a fantastic pre-budget announcement. The Property Council has advocated for a…
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Celebrity Homes
Frank Sinatra’s mountain retreat returns to the market
The former home of legendary entertainer Frank Sinatra is on the market once again and already there is a flurry of interest in the exquisite desert getaway. The 7.5-acre estate in Palm Desert, California has been on and off the market for a number of years after and the property which is listed at $4.25 million, is already receiving inquiries…
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