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Elite Agent
Cullen and Royle partner in new boutique property agency
Deborah Cullen has a background in prestige residential property, and Richard Royle is an expert is in rural assets.
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Elite Agent
Property investment falls to a record low
As with a lot of things, the levels of property investment in the Australian housing market crashed during COVID.
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INDUSTRY NEWS
Domain Rental Report shows rental markets in flux
Domain's September Rental Report has shown there is little consistency across the states and territories, with prices hitting all-time highs in some capitals, while rent declines severely in others.
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Real Estate News
Ray White launches new specialty division
Ray White has broadened its service offering with the launch of a new division. Sydney-based business division, ‘Ray White Commercial Asian Investment Services’ (known as ‘Ray White AIS), is a new initiative from the team at Ray White Commercial Western Sydney. It was borne out of a need to provide a fully integrated commercial property advisory service for Sydney’s Asian investors.…
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Real Estate News
Confidence in the housing market has boomed: Westpac
"This is an extraordinary result," said Westpac chief economist Bill Evans of the overall consumer sentiment.
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Elite Agent
The full impact of HomeBuilder is now evident: HIA
The full impact of HomeBuilder is now evident with sales now 11.8 per cent higher compared to last year. HIA
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Real Estate News
Sydney’s vacancy rate on the rise again
Despite a slight turnaround in August, vacancies in Sydney are once again on the rise.
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Elite Agent
Epic Bondi auction fields over 200 bids
The reserve price on a four-storey, five-bedroom house on Moore St in Bondi was set at $3.6 million.
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Elite Agent
First home buyer loans hit 11-year high
"The short-term stimulus from HomeBuilder is emerging in the housing finance data released by the ABS today."
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Real Estate News
LJ Hooker opens nine new offices, with four more on the way
With COVID-19 putting the brakes on the Australian economy for much of the year, LJ Hooker has forged ahead to prepare for the inevitable recovery by opening nine new offices around the country, with another four applications pending in regional areas.
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Elite Agent
LJ Hooker honours top performers at International Awards
LJ Hooker has recognised its top performers across Australia and New Zealand at its annual International Awards Night, held virtually this year. LJ Hooker Network Chief Graeme Hyde said the awards night is the most important event of the year, especially during these unprecedented times. “With the year 2020 has…
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Real Estate News
Treechange vs seachange: which is better?
As city-dwellers flee for the comfort of a slower paced life, a debate has reared up. Which is better, the beach or the bush?
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Real Estate News
Budget is great news for real estate – if forecasts become reality: REIA
The Real Estate Institute of Australia has said that the critical Budget 2020 has provided an encouraging outlook for all players in the Australian property market. President of REIA, Mr Adrian Kelly, said that despite the challenging and unprecedented events of 2020 with a deficit of $210 billion, Budget 2020…
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Real Estate News
Many properties to sell at a loss as mortgage holidays end
The latest CoreLogic Pain and Gain report suggests that loss-making sales of distressed properties are expected to soar during this quarter.
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Real Estate News
Budget not enough to halt construction downturn
The 2020 Federal Budget is "very much one of housing hits and misses", according to the Australian Institute of Architects, who warn it may not be enough to stop new construction projects from drying up. Institute CEO Julia Cambage said architects were "the canary in the coal mine" for the…
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Real Estate News
Budget 2020: Business investment package a chance to go green
The Green Building Council of Australia has welcomed the 2020 Federal Budget, and hope the landmark business investment package will result in construction companies purchasing to energy efficient equipment.
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Real Estate News
Belle Property expands Victorian footprint with three new offices
Belle Property has launched three new offices in Victoria. Belle Property Daylesford, helmed by Principals Will Walton and Peter Douglas, has launched into Trentham, extending the brand’s reach across the Hepburn Shire region. Meanwhile industry veteran Peter Julian has opened two offices servicing the Surf Coast region with Belle Property Geelong and Belle Property Torquay. Dovetailing with lockdown restrictions easing…
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Real Estate News
Dwelling approvals fell in August
"The decline was driven by private sector dwellings excluding houses, which fell 11.0 per cent."
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Elite Agent
Mortgage approvals hit pre-COVID levels months ago
New ABS housing finance data shows that mortgage approvals across the country hit pre-pandemic levels in July.
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Real Estate News
Harcourts International announces new COO
Harcourts International has announced the appointment of a new Chief Operating Officer, with Andrew Friebe stepping into the role. Announcing the appointment, Harcourts International CEO Steve Caradoc-Davies said it gave him great pleasure to welcome Mr Friebe back to the corporate leadership team at Harcourts. “His in-depth knowledge and understanding of real estate, both within a real estate business and…
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Real Estate News
@realty agents to receive commissions within 24 hours
Agents won’t have to wait for settlement to receive commission, under a new initiative designed to improve cash flow. Under the new @realty Boost program, agents affiliated with the @realty network will be able to claim commission when a contract goes unconditional, with the company promising a 24-hour turn around for payment. @realty CEO James Taylor says @realty Boost will…
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Elite Agent
Houses v units: the risk gap for investors widens further
The difference between buying a house and buying a unit rental property has never been more pronounced, according to RiskWise Property Research.
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Elite Agent
REINSW blasts NSW Government: “We expected better”
The Real Estate Institute of New South Wales (REINSW) has blasted the NSW Government's decision to extend its rental moratorium.
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Real Estate News
Raine & Horne open new Sunshine Coast office
Experienced agent, property valuer, and former Queensland Property Council President Wayne Rex has launched Raine & Horne Marcoola to service the northern section of the Queensland Sunshine Coast. Mr Rex is opening the new office with his wife Penny. They are folding the local branch of their property advisory, valuation, and off-the-plan sales business, Dodds & Bumbu, into Raine &…
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Elite Agent
OpenLot portal has thrived through pandemic
After launching earlier this year, digital property platform OpenLot has gone from strength to strength, with the pandemic playing to the portal's strengths.
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Elite Agent
Survey: Rent is easier to pay, but renters see a grim future
Renters are finding it easier to make their rental payments than at the start of the COVID-19 crisis, but feel less positive.
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Elite Agent
HIA welcomes relaxed Qld border restrictions
Thousands of builders and tradies working either side of the NSW/QLD border will breathe a sigh of relief today.
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Elite Agent
Drop in migration to cause drop in Aussie housing demand
The global COVID-19 pandemic could cut demand for housing in Australia by between 129,000 and 232,000 dwellings over the next three years, according to new research released today by the National Housing Finance and Investment…
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Real Estate News
Application date extended for land tax relief scheme
NSW landlords who reduced their tenant’s rent due to COVID-19 can still apply for the NSW Government’s land tax relief, with the submission date now extended until December 31. Relief is available to commercial or residential landlords whose tenants can prove financial distress due to COVID-19, and who have reduced their tenant’s rent for any period between 1 April, 2020…
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Elite Agent
COVID-19 Safety Plans now mandatory for NSW open homes and auctions
COVID-19 Safety Plans are now mandatory for open homes and auctions.
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Elite Agent
New survey tool reveals industry benchmarks and identifies opportunity
New‌ ‌survey‌ ‌tool‌ ‌reveals‌ ‌industry‌ ‌benchmarks and identifies opportunity ‌ ‌ The team behind the Rex real estate CRM, have ‌announced‌ ‌a‌ ‌new‌ ‌tool that will anonymously benchmark agencies and assist ‌real‌ ‌estate‌ ‌agency‌ ‌owners‌ ‌looking to improve‌ ‌their‌ ‌customer‌ ‌relationship‌ ‌management‌ ‌strategy.‌ ‌ Known as ‌CRMGrader, ‌the tools harnesses the team’s ‌10‌ ‌years’‌ ‌worth ‌of‌ ‌knowledge‌ dealing‌ ‌with‌ ‌real‌ ‌estate‌ ‌agents,‌ ‌administrators‌ ‌and‌ ‌business‌ ‌owners‌ ‌to‌ ‌provide‌ ‌a‌ ‌tool‌ ‌that‌ ‌truly‌ ‌provides‌ ‌value‌ ‌to ‌‌agencies‌ ‌in‌ ‌just‌ ‌five‌ ‌minutes.‌ ‌ ‌…
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Real Estate News
Foreign investment fee an “outrageous impost” that will hurt economy: PCA
Proposed legislation that will increase the cost of foreign investment applications fees has been slammed by the Property Council as being "an outrageous impost on safe institutional investment into commercial property and discourage the very…
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Elite Agent
Co-living company Hmlet moves into property and lifestyle sector
Hmlet, Asia-Pacific’s fastest growing co-living company, announced a range of products that see them enter the property and lifestyle space. “The goal of Hmlet’s new product lines is to change the way people live for…
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Real Estate News
REIWA point to Qld’s example as the way forward for WA
REIWA President Damian Collins has commended the Queensland Government's handling of the COVID-19 legislation
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Real Estate News
The pandemic has changed what buyers want, and developers are following suit
The pandemic has changed how and where people want to live, and what features they are now looking for in a house.
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