-
Real Estate News
Disability housing provider secures $20 million in investment
After securing a $44 million cornerstone investment last year, one of Australia’s most innovative disability housing providers, Casa Capace, has secured a further $20 million in investment and has completed its first multi-dwelling houses, with residents moving in next month. Casa Capace is a registered and certified provider with the National Disability Insurance Scheme (NDIS). With six bedrooms across two…
Read More » -
Real Estate News
Ouwens Casserly host their Take Off event
Ouwens Casserly Real Estate recently held their fifth annual Take Off Conference, with a lineup of industry-renowned speakers headlining the event. The OC Take Off Conference is designed to offer the organisation’s agents, staff members and leaders the insight and inspiration to excel into the new calendar year and this year the conference was held at Coopers Brewery for the…
Read More » -
Elite Agent
Auctions kick up a gear
Auction activity almost doubled this week as the capital cities kicked up a gear following the traditional Christmas slowdown. CoreLogic reported 1122 homes went to auction at the weekend, effectively doubling last week’s total of 625. Higher volumes also equated to higher clearance rates with a preliminary national rate just shy of 70 per cent.…
Read More » -
Real Estate News
REA Group delivers resilient performance in challenging market conditions
REA Group Limited (ASX:REA) today announced its results for the half-year ended 31 December 2019. Group financial highlights from core operations1 include revenue2 of $440.3m and EBITDA3 of $272.1m. The Group’s result was delivered in continued challenging market conditions with declines in new residential listing volumes and new project commencements. National residential listings declined 14%,…
Read More » -
INDUSTRY NEWS
REA Group unveils new Smartline brand
REA Group has announced the rebranding of its Smartline mortgage broking business, with realestate.com.au Home Loans also to be integrated under the banner in the coming months. Now known as Smartline – personal mortgage advisers, REA said the rebranded offering is primed to become the primary mortgage broking brand representing the Group in the Australian market. “The new Smartline brand combines the…
Read More » -
Real Estate News
Ray White Invests $3m in Aussie proptech start-up, NurtureCloud
Australasia's largest real estate agency, Ray White, has just invested $3m into Sydney-based proptech company NurtureCloud, to both improve its own network's offering as well as being part of exploring international opportunities for the product. The investment in NurtureCloud, founded three years ago by serial internet entrepreneur, Adam Rigby, means that Ray White agents will…
Read More » -
Real Estate News
Rightsizing: the downsizing trend toward luxury apartment living
Demand for rightsizing – the downsizing lifestyle trend towards luxury apartment living – is strong in Australia, according to the latest research from Knight Frank. The Knight Frank Rightsizing – Australian Prime Residential Insight 2020 report found buyers are looking for low-maintenance properties, but with house-like proportions and great amenities. In essence, they are looking for luxury apartments with at least three…
Read More » -
Real Estate News
Victoria and Tasmania come together for Ray White’s Unite 2020
More than 650 Ray White Group members from across Victoria and Tasmania have descended on the Crown’s Conference and Events Centre for Unite 2020. Hosted across capital cities by Australasia’s biggest real estate group, the Unite 2020 program provided a new and improved training format for salespeople and property managers. The sessions were designed to help agents navigate and adapt to current market…
Read More » -
INDUSTRY NEWS
Belle Property and Hockingstuart merge
Belle Property and Hockingstuart have merged to launch an innovative new agency model which sees both brands operate independently, as part of one major real estate network. While the Hockingstuart brand will remain across Victoria, in February, the Belle Property brand will also launch into key Victorian regions including Bayside, Stonnington, Booroondara, Glen Eira, Peninsula,…
Read More » -
Real Estate News
Rent.com.au to raise $2.9 million for RentPay development
Rent.com.au has has executed an underwriting agreement with Pinnacle Corporate Finance in a bid to raise $2.9 million for the development of RentPay. The capital raising exercise will comprise a non-renounceable, pro-rata rights issue on the basis of one new share for every five shares held at an issue price of $0.05 per share. The rights issue price of $0.05…
Read More » -
Real Estate News
Gavin Rubinstein kicking goals at Ray White TRG
Ray White TRG founder Gavin Rubinstein has become the first agent to reach Chairman’s Elite status in the Ray White Australian residential network this financial year. The accolade is considered the highest level of sales recognition at Ray White based on settled commission and Sydney-based Mr Rubinstein noted it was partly due a positive start to 2020. “Stock is tight,…
Read More » -
Real Estate News
Tiny houses: not the big answer to housing you might think
There has been significant growth in small house living, but that doesn’t mean Australia should go in big on them. Don’t let their sizes fool you – the tiny house movement is big. These micro-scaled homes are populating Instagram feeds and even have a Netflix series aptly named Tiny House Nation. Championing a simple-living alternative to habitation – an antidote…
Read More » -
Real Estate News
2020 REIA National Awards for Excellence finalists announced
The finalists for the 15th National Awards for Excellence has been announced by The Real Estate Institute of Australia (REIA). REIA President Adrian Kelly said the national awards recognise the best of the best in Australian real estate. "This year the REIA National Awards for Excellence will be proudly hosted by the Real Estate Institute of…
Read More » -
Real Estate News
Ray White NZ appoints Gavin Croft as Chief Operating Officer
Ray White New Zealand has appointed experienced award winning auctioneer Gavin Croft as its new Chief Operating Officer to help spearhead the next phase of growth at the leading network. Ray White New Zealand currently has a network of 177 offices across the country with a market turnover of $11.9 billion in sales and 18,000 properties under management. Ray White’s…
Read More » -
Real Estate News
McGrath launches new digital experience platform
McGrath Estate Agents has launched a new digital experience platform, designed to set it apart from traditional real estate websites. Delivering a unique user experience for its clients, whether they be vendors, buyers, landlords or tenants; the new content-focused website showcases an elegant, minimalist design that embodies the McGrath brand. In another first for mcgrath.com.au; the new digital experience platform…
Read More » -
Real Estate News
Digital mastery for the real estate industry
It’s no secret that the digital world can be confusing and competitive, while tried and tested methods of leads and visibility can change in a heartbeat. And with big players of the industry changing the interaction between clients and agents, agencies need to upskill quickly to become both masters of attraction and masters of their own lead generation. It is…
Read More » -
Real Estate News
Australia needs to build a new ‘Canberra’ every year
In 1988 the Australian Bureau of Statistics (ABS) projected a population of 25 million by 2050. Australia reached that estimate 30 years earlier. Our population grew by more than 400,000 in 2018-19, and the ABS now projects a population of 30 million by 2030. One of Australia’s best-known urban planners and designers, Mike Day – who is co-founder and director of RobertsDay and a…
Read More » -
Real Estate News
realestateview.com.au announces Antony Catalano as newest board member
realestateview.com.au announced the appointment of Antony Catalano as a board member. Catalano and his business partner, Alex Waislitz, now hold the largest interest in realesteview.com.au with an economic stake of 26 percent. This is another venture for the pair who are currently growing their media portfolio alongside the recent acquisition of Australian Community Media (ACM)…
Read More » -
Real Estate News
Elders appoints Head of Residential Real Estate
Elders has announced the appointment of seasoned marketing and business executive, Belinda Connor, as the Head of its Residential Real Estate division. Mrs Connor has previously held numerous strategic marketing and network growth roles with leading companies, including Foxtel and the Wendy’s franchise network. She will assume responsibility for the strategic oversight of Elders’ residential real estate network operations and…
Read More » -
Real Estate News
Rent.com.au celebrates improved performance
Rent.com.au has reported its best operating performance to date, with the second quarter of 2019-20 financial year revealing a 19 per cent improvement on the period prior. The renting website released its latest financial report last week, with CEO Greg Bader celebrating the results. “To finish 2019 with a record-breaking EBITDA quarter is exceptionally pleasing, especially when you factor in…
Read More » -
Real Estate News
Ray White ‘Event’ auctions a pointer to a buoyant 2020
Ray White Surfers Paradise Group’s (RWSP) annual The Event auctions, held last weekend on the Gold Coast, have pointed to a robust Gold Coast market, according to RWSP CEO Andrew Bell. A total of 31 properties were sold by the end of Saturday’s auctions, close to $20 million, and a large number are still under…
Read More » -
Real Estate News
Ray White around the grounds auction report
As the market starts to heat up in 2020, Ray White has reported they had 346 auctions scheduled this week, with 131 of those booked in for Saturday. Preliminary data on auctions in Sydney shows the clearance rate was at 85 per cent clearance on Saturday for the Ray White network. Ray White New South Wales chief auctioneer Alex Pattaro…
Read More » -
Real Estate News
Berkshire Hathaway HomeServices introduces QuickBuy
Berkshire Hathaway HomeServices Starck Real Estate has introduced QuickBuy – an alternative home sale option made available through a partnership with Moving Station, LLC. The relationship allows Starck Real Estate to present Midwest home sellers with a reliable “instant” offer for their home as an alternative to a traditional home sale. Consumers who request a QuickBuy offer from Starck will…
Read More » -
Real Estate News
The Agency records 147 per cent increase in revenue
Real estate industry leader The Agency Group Australia has recorded strong growth for the half-year 2020 with a combined total group revenue of $25.2 million – up 147 per cent on the previous corresponding period. Yesterday’s results delivered to the ASX showed this was on the back of positive Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) and Gross Commission…
Read More » -
SELLING + MARKETING PROPERTY
Four tips for building greener homes at a better price
A leading builder has revealed his top four tips for creating more affordable ‘green’ homes with lower running costs in 2020. AJP Constructions owner Andrew Payton said the idea that homes with green credentials take longer to build and require a ‘sustainability premium’ was ludicrous. “It’s ridiculous that some builders attach a premium to making homes more sustainable,” Mr Payton…
Read More » -
Real Estate News
Coronis launches B2B property management service
Coronis has expanded its property management offering with a new national B2B professional service, headed up by industry expert Salina Kachel. Property Management Director Jodi Ford said the new service offering was part of the company’s National Growth Strategy with an increased focus on partnerships with the likes of wealth creation houses, financial planners and off-the-plan selling companies including builders…
Read More » -
Real Estate News
Vic Real Estate Group turns to Acquire platform for advertising feedback
Greg Hocking Real Estate has announced a partnership with The Today Business to deliver a new approach in real estate advertising to its clients. Greg Hocking Real Estate CEO Greg Hocking said advertising was a significant portion of the total spend of most real estate sales campaigns, but there was an industry-wide problem with lack of visibility regarding the real-time…
Read More » -
Real Estate News
Rod Fitzgerald joins DiJones corporate team
Industry-leading talent Rod Fitzgerald has joined DiJones in the corporate team as Director for Corporate Partnerships and Events in a move to capitalise off continued brand influence. DiJones Chief Executive Office Rob Ward said Mr Fitzgerald’s appointment would catapult DiJones into its own league of real estate service offering. “This appointment is inextricably linked to our strategy and belief that…
Read More » -
Real Estate News
How will the bushfire crisis impact property prices?
There is no escaping the effect the recent bushfire crisis will have on property prices, but an independent property research company claims the impact will depend on the state of the market in the suburb prior to the bushfires as well as how badly the areas were hit. RiskWise Property Research has identified three ‘severity’ categories with greatly varied impacts…
Read More » -
Real Estate News
Hobart leads the way as resale prices on the rise
Almost nine out of 10 property resales over the September 2019 quarter sold for more than their previous price, delivering a gross profit of $18.7 billion for resellers across Australia. The latest CoreLogic Pain and Gain report showed overall 87.4 per cent of property sold above its previous price, and reveals a slight increase in profitable resales (0.1 per cent)…
Read More » -
Real Estate News
RESAAS teams up with BoxBrownie.com
RESAAS Services Inc, a technology platform for the real estate industry, is pleased to announce a partnership with BoxBrownie.com. BoxBrownie.com is an award-winning real estate image enhancement company. It provides ondemand professional photo editing services to real estate agents worldwide. Under the terms of the agreement, signed on January 16, 2020, RESAAS will sell photo…
Read More » -
Real Estate News
Brendon Skipper takes the wheel at Movinghub
New Zealand prop tech company Movinghub has appointed former realestate.co.nz CEO Brendon Skipper as Acting Chief Executive Officer following the resignation of Kelly Addis. Movinghub Global Chief Executive Officer Michael Dornan said Mr Skipper had more than 15 years of experience in leadership roles and would lead the company through its next stage of growth “Brendon has a solid understanding…
Read More » -
Real Estate News
Sydney kicks off 2020 with increase in rental vacancy
Vacancy rates increased in Sydney during the month of December, rising 0.2% to 3.4%. This is particularly evident in Sydney’s Inner Ring where rates increased from 2.4% to 3.4% suggesting tenants are experiencing a rise in availability across the metropolitan areas. In the Middle and Outer Rings rates dropped suggesting these areas are proving more…
Read More » -
Real Estate News
Victorian property market sets new records
House values in metropolitan Victoria have surpassed $850,000 for the first time as the state continued its strong run, smashing price records in the December 2019 quarter. The results come on the back of two consecutive quarters with growth of more than 3 per cent each, according to the latest Real Estate Institute Victoria quarterly median price data. Melbourne house…
Read More » -
Real Estate News
Six properties sell ahead of The Event as Gold Coast market gathers steam
The Gold Coast’s flagship real estate auction, The Event, is off to a flying start with six properties finding buyers ahead of Saturday’s auction date. Australia’s largest in-house auction program, hosted annually by Ray White Surfers Paradise Group (RWSP), is living up to its title with an initial 103 properties listed on the 2020 program. The properties range from one-bedroom…
Read More »