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Real Estate News
New CEO for Ray White Queensland
Ray White Queensland has announced a major shakeup, with a new CEO replacing Tony Warland, who has been at the helm of the company for 12 years. Incoming CEO Jason Andrew, an award-winning auctioneer who has successfully led the NSW network for close to four years, is taking over the reins from Mr Warland. Ray White Group Managing Director Dan White…
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Real Estate News
REIA urges Daniel Andrews to restart Victorian property market
REIA urges Victorian Government to safely restart Australia's second biggest property marketThe REIA joins with the Real Estate Institute of Victoria (REIV) in calling on the Victorian Government to reintroduce contactless activities in the real…
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Brand Editorial
LJ Hooker Cleveland offers up Mitsubishi Mirage in spring campaign
This spring, LJ Hooker Cleveland is offering property owners the chance to win a brand-new Mitsubishi Mirage valued at almost $20,000. Every sales or rental listing undertaken by LJ Hooker Cleveland between 1 September and 30 November will go into the draw to win the car from Bartons Mitsubishi Capalaba. The draw will take place at Bartons Mitsubishi Capalaba in…
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Elite Agent
All the winners from the 2020 reiwa.com awards
Western Australia's real estate professionals came together to celebrate the industry's best at the 2020 reiwa.com Awards Ball held at Crown Perth on Saturday 12 September.
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Elite Agent
Domain teams up with The Block agents to sell this year’s properties
Domain will again be supporting the selling agents on this season of The Block. In the lead up to the finale, Domain will be helping the agents maximise their exposure for the five period homes in the Melbourne bayside suburb of Brighton. The Block listings will be exclusive to Domain, with agents given access to property marketing offerings across print,…
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Real Estate News
LJ Hooker launches new spring campaign for the DIY consumer
LJ Hooker has launched its latest campaign ‘spruce up for spring’ to drive customer engagement and brand awareness during the competitive spring selling season. The national three-month campaign, which kicked off on 1 September, is based on a spring season giveaway offering homeowners the chance to win a share of $17,500 in home renovation vouchers by receiving a property appraisal…
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Real Estate News
Homely appoints David Holmes as Qld State Manager
Real estate portal homely.com.au has appointed well-known industry figure and auctioneer, David Holmes as their Queensland State Manager. This announcement comes off the back of Homely rolling out their Agent Participation Program in Queensland and…
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Real Estate News
Rent.com.au raises $1.5m to launch RentPay
Rent.com.au has raised $1.5m to market and launch RentPay, RENT's flagship 'tenancy period' product.
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Real Estate News
Sydney vacancy rates down for first time since COVID-19 hit
It might be too early to say for sure, but the REINSW Vacancy Rate Survey results for August 2020 suggest that the worst may be over. Vacancies across Sydney overall decreased for the first time in August, after five consecutive months of increases, and now sit at 3.7 per cent – a drop of 1.3 per cent from July. Similarly,…
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Real Estate News
Banks plan to hike interest rates for COVID-impacted customers
Three of the country’s largest banks have conceded that they will increase interest rates for those financially distressed customers planning to make interest-only repayments after the mortgage holiday period ends. NAB, Commonwealth and Westpac have admitted that rates will be higher for those customers only paying interest on their home loans, as opposed to those who pay principal plus interest.…
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Real Estate News
RE/MAX team with live streaming platform
RE/MAX Australia Operations Director, Josh Davoren, has announced a ground-breaking partnership between a real estate company and streaming platform Home Live. Home Live is a live streaming solution for real estate agents globally. The platform was developed specifically for real estate by co-founders Luke Watson and Jon Tyson, and was launched to the RE/MAX network last month. Onboarding of offices…
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Real Estate News
RE/MAX New Zealand’s Queenstown rally sets high benchmark
After a period of COVID-related uncertainty, RE/MAX New Zealand held its second rally for the year bringing more than 100 members, business partners and invited guests together in Queenstown on 3rd September. RE/MAX New Zealand…
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Elite Agent
REIWA’s post-COVID prosperity plan
“It’s clear that the property industry needs stimulus to attract buyers and investors back into the market.” That’s the message from  Real Estate Institute of Western Australia, who have delivered a prosperity plan to the WA Government that they believe will set the state on the road to recovery. Below is an outline of the plan. Reform stamp duty to…
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Elite Agent
Time’s up: Banks begin contacting deferred mortgage holders
Over half of the 900,000 loans that were deferred in Australia will be assessed in the coming weeks, as the six-month ‘mortgage holiday’ period comes to an end. According to the Australian Banking Association, banks have already started contacting customers to “discuss the next stage of support and assistance”. Among these, 260,000 deferred mortgages will be assessed before the end…
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Elite Agent
Katie Cotton appointed to grow RE/MAX business
RE/MAX Australia has appointed Katie Cotton, former National Manager with easyBondpay and easyAdpay, to the role of Business Growth Manager. Ms Cotton will focus on expanding the network through the southern Queensland and northern New South Wales regions. “With easyBondpay being a well-known product supplier to the real estate sector, and a RE/MAX partner, I have already established relationships with…
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Elite Agent
Australia hits Top 20 in Global Home Price Index
Australia has ranked 19th in the world for house price growth for the year to June 2020, according to the Knight Frank Global House Price Index Q2 2020. The index tracks the movement in mainstream residential pricesacross more than 50 countries and territories worldwide using official statistics. It showed Australia’s house prices grew 6.1 per cent over the year to…
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Real Estate News
REIV calls for independent review of roadmap
The Real Estate Institute of Victoria has called for an independent review of the roadmap announced on Sunday. In a statement released today, they claim the path proposed “jeopardises livelihoods and assets of hard-working Victorians who have abided by the rules and restrictions for over six months”. Among REIV’s criticisms of the government are a lack of “genuine consultation by…
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Elite Agent
Stimulus must be brought forward immediately: PCA
The Property Council of Australia has welcomed the Victorian Government’s roadmap for the safe reopening of the property industry, while acknowledging lifting restrictions is “a balancing act and all stakeholders must remain vigilant”. The PCA continues to urge the Government to bring forward its “desperately needed industry stimulus package”, noting it takes months for construction and real estate businesses to…
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Elite Agent
Roadmap “extremely tough” on renovations: Master Builders Victoria
Master Builders Victoria has welcomed the state government’s “vote of confidence” in the building industry, suggesting the shift to ‘Restricted’ practices on September 28 will require only “minor updates on what our industry has been doing for many months and would be achievable for both workers and employers”. A statement from MBV acknowledged “some disappointment” that the industry cannot open…
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Real Estate News
LJ Hooker Avnu launches real-time real estate report
LJ Hooker Avnu has released Australia’s first real-time real estate report, providing both property price and rental price estimates to assist homeowners in making an informed decision about when it could be the best time for them to sell what is often their greatest asset – their home. The report updates with the latest data compared to many reports that…
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Elite Agent
Amazon launch new Alexa tool for property managers
Amazon has launched Alexa for Residential in response to a survey that found the majority of renters want smart home amenities. According to US National Apartment Association, 84 per cent of renters want an apartment with smart home amenities; 61 per cent said they would pay a monthly fee for a voice assistant. The new tool allows property managers and…
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Real Estate News
Victoria extends eviction moratorium
The Victorian Government has announced today they will be extending the eviction moratorium until March 2021. This means that evictions for both commercial and residential tenants are banned until March 28, 2021. In addition, rental increases will also be banned. Consumer Affairs notes: “Residential tenants and landlords who struggle to reach agreement over rent reductions have access to the dispute…
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Elite Agent
Time for VIC construction workers to go back to work: John Setka
Trade unionist John Setka, Victorian state secretary of the Construction, Forestry, Maritime, Mining and Energy Union, has penned an open letter to the Premier and Chief Health Officer of Victoria, urging them to allow the 300,000 plus Victorian construction workers back onto building sites. The letter is republished below. “The commercial construction industry has continued to lead workers safely through…
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Elite Agent
Builders and tradies the biggest losers in NSW/QLD border closures
The Housing Industry Association has warned the national cabinet it is “critical to both state’s economies” that they quickly come to an agreement to relax border restrictions between NSW and QLD, in order to assist thousands of builders and tradies working either side of the border who have been unduly impacted by closures. “When border closures started at 1am on…
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Real Estate News
Homely supports Harcourts Property Centre’s Hairgust fundraiser
Homely.com.au has sponsored Harcourts Property Centre’s Hairgust fundraiser, by donating $3000 towards pancreatic and bowel cancer research.Harcourts Property Centre Co-Directors Aaron Brooks and Sam Devlin ‘dared to hair’ by donning wigs during August to raise awareness and funds for Bowel Cancer Australia and the Pancare Foundation.“Both Sam and I have had personal experiences with cancer, and we’re so thankful for…
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Elite Agent
Only 30 auctions expected this week for Melbourne
Auction activity has taken a hit across the combined capital cities this week, as Melbourne enters its fifth week of Stage 4 lockdowns. The city will hold only 30 auctions, down from 765 auctions this time last week. CoreLogic are tracking 937 auctions in total across the capital cities this week, down from both last week’s 1128 and the 1533…
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Real Estate News
Gavin Rubinstein: from #1 agent to #1 owner in a year
Ray White TRG founder Gavin Rubinstein is on top of his game and yet he feels like he is just getting started. In his first year of business ownership, Mr Rubinstein cemented his place as the number one Selling Principal in NSW & ACT based on commission for the Ray White Group. He was also awarded the Number One Principal…
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Elite Agent
Ray White NSW | ACT celebrates its 2020 winners
Close to 1000 people tuned in to watch the Ray White NSW | ACT 2019-20 awards, which looked a little different this year, held over Zoom. Nonetheless, the night felt the same, as the network celebrated the achievements of its top offices and individuals. Ray White NSW CEO Andrew McCulloch said the iso-style awards were a sign of 2020 given…
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Real Estate News
Raine & Horne appoints CEO with a view to expansion
Raine & Horne has announced the retirement of current CEO Brian Reid, which has included 40 years in the industry and a seven-year stint with the group. Current Head of Network, Andrew Brien will take up the CEO Role. Angus Raine, Executive Chairman, Raine & Horne welcomed Mr Brien’s appointment, noting the new CEO brings extensive experience in business management…
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Real Estate News
Property Council of Australia nominations now open
Nominations for the Property Council’s industry committees are now open. “Effective advocacy for our industry and its contribution to Australia has never been more important,” said Property Council of Australia Chief Executive Ken Morrison. “Our members are critical in this important work, including through participation in our various industry committees. Our committee members help to shape the future for our…
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Real Estate News
Rental affordability best since 2007: REIA
The REIA Housing Affordability Report shows rent affordability has improved across the country in the June quarter, with figures not seen since late 2007. “The proportion of income required to meet rent payments decreased to 23.3 per cent in the quarter, a decrease of 0.4 percentage points over the quarter and down 0.5 percentage points compared to the same time…
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Real Estate News
Experts positive about housing affordability
Experts have never felt better about housing affordability around the country, according to a survey conducted by comparison site Finder.In this month’s Finder RBA Cash Rate Survey, 40 experts and economists weighed in on future cash rate moves and other issues related to the state of the Australian economy.While all experts and economists surveyed correctly predicted the cash rate to…
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Real Estate News
J-Lo & A-Rod’s new Florida home
Jennifer Lopez and baseball star Alex Rodriguez share a love of real estate, and together they’ve been collecting houses almost as often as Rodriguez collected base hits. Now TopTenRealEstateDeals.com reports the couple have bought another mansion – this time on South Florida’s island of super-rich CEOs and entertainers. Listed at $40 million, the property is located on one of several…
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Real Estate News
Josh Mana team joins Queensland Sotheby’s International Realty
When it comes to the reason why Josh Mana entered the world of real estate, he both blames and credits his wife, Carrie. “I was a refrigeration air-conditioning technician in my early 20s and eventually got out of the trade in NSW when I moved to the Gold Coast,” Mr Mana said. “My wife, Carrie, was in property management and…
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Elite Agent
WA rental properties leasing two weeks faster in August
August data from the Real Estate Institute of WA (REIWA) indicates it took a median of 21 days to lease a property in Greater Perth. The swift turnaround time is 13 days less than the same time last year and the shortest time to lease since the construction phase of the last mining boom in February 2015. REIWA President Damian…
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