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Real Estate News
Which cities worldwide are at greatest bubble risk?
A global study of real estate bubbles has revealed a bubble risk or a significant overvaluation of housing markets in half of all evaluated cities. Bubble risk appears greatest in Munich, followed by Toronto, Hong Kong and Amsterdam, according to the UBS Global Real Estate Bubble Index 2019, a yearly study by UBS Global Wealth Management’s Chief Investment Office. Frankfurt,…
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Real Estate News
Laing+Simmons opens first Newcastle office
Laing+Simmons opened its first office in Newcastle this week, with the team formerly known as Nest Realty Group embarking on its next phase of growth under a new boutique brand. Local real estate veteran Michael Barber will lead the team at Laing+Simmons Newcastle Central with growth – and recruitment – on the agenda. He’s joined by Angela Barber, a highly-experienced…
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Real Estate News
RE/MAX opens office in Stones Corner Brisbane
Award-winning Brisbane real estate sales executive David Cotterill has launched his own business while remaining with the global RE/MAX brand. Mr Cotterill is considered one of Australia’s leading experts in property strategy and delivery, and RE/MAX Experience Property is in a prime corner location at 411 Logan Road, Stones Corner. “I have happily been a conjunctional agent with RE/MAX Australia…
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Real Estate News
Triple threat as brothers join Ray White Werribee
Continuing in the tradition of being proudly family owned and run, Ray White Group has recently welcomed three brothers on board in Werribee. The Krnjeta brothers – Robert (Partner/Auctioneer), Petar (Agent/Auctioneer) and Alex (Sales Associate) – said it was the company’s family values that attracted them to the business. “One of my key reasons for making the move to Ray White…
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Real Estate News
Finalists announced for 2019 REA Excellence Awards
REA Group has announced the finalists for this year’s Annual REA Excellence Awards (AREAs), to be held in Melbourne on Thursday 14 November 2019. The AREAs honour the most innovative, community-minded and highest-achieving individuals and businesses in the property industry (residential, commercial, project developers) and media industry. There will be 21 awards in total presented…
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Elite Agent
The Agency strengthens position after raising $4.5m capital
The Agency is predicting a strong financial future ahead after raising $4.5 million as part of a share entitlement offer. Announced in July, the offer saw each eligible shareholder entitled to apply for a further four shares based on every seven shares held. They were also provided with one free attaching listed option for every two shares subscribed for and…
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Real Estate News
Harcourts International strengthens leadership with new CEO appointment
Global real estate franchise group, Harcourts International, today announced the appointment of Steve Caradoc-Davies as Chief Executive Officer to lead the 132-year-old company into the next era. Mr Caradoc-Davies will take over leadership of the 900-office network and approximately 10,000 team members in nine countries, from Mike Green, who takes on a new focus within the business. Both…
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Real Estate News
September springboard into commercial action
Brisbane commercial real estate agent Deepen Khagram has concluded the first month of spring 2019 with settlement on a $3 million-plus strawberry farm, which followed his $7 million-plus sale of a service station earlier in the month. “September certainly has been active with interest from commercial property investors,” Mr Khagram said. “I’ve had a great deal of enquiry from buyers…
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INDUSTRY NEWS
Abbie Galvin announced as first female NSW Government Architect
Planning and Public Spaces Minister Rob Stokes has announced the appointment of Abbie Galvin as the 24th NSW Government Architect. “I’m delighted Ms Galvin will be our new Government Architect and the first woman to hold the position since it was created more than 200 years ago,” Mr Stokes said. “The Government Architect has been one of the state’s most…
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Real Estate News
Belle Property expands to Jervis Bay
Belle Property has welcomed a new team to its ranks to better service the growing demands of the property market in the NSW South Coast. Under the leadership of Principal, Loretta Nelson, Belle Property Jervis Bay will open with a high-performing sales team, alongside a strong rent roll consisting of several waterfront holiday properties. “Our move to Belle Property is…
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FRANCHISE NEWS
Ray White Rural SA set for October auction bonanza
Smitham's', Hart. BUYERS have a wonderful opportunity to snap up one of eight varied and exciting rural properties going under the hammer in October as part of Ray White Rural SA's spring auction bonanza. Potential sellers have been watching the growth in farming land values in SA over the past two to three years and…
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INDUSTRY NEWS
New regulator appointment vows to protect Queenslanders
An award-winning and prominent builder with a lifetime’s experience and expertise in building and construction has joined the Queensland Building and Construction Commission (QBCC) as the new Assistant Commissioner – Technical. Yvonne Pengilly has had an extensive career in the industry from subcontract brick and blockwork to a company director overseeing high end resort and multi-storey apartment developments. Ms Pengilly…
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Real Estate News
Sydney CBD strata office sales top $100M for first half of 2019
Sydney CBD strata office volumes for the first half of 2019 continued to be robust, with $101.77M recorded in sales, according to Ray White’s latest Between the Lines* research. Ray White Commercial NSW Associate Director Samuel Hadgelias said overall fundamentals of the Sydney CBD office market remained strong, but the overarching demand levels for purchasing strata stock were starting to show…
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Real Estate News
Millennials struggling to leave home, according to affordability report
The ongoing affordability crisis is entrenching a generation dependent on parents for housing, with the number of Millennials giving up hope of moving out of home by 30 years of age surging, according to CoreLogic’s Perceptions of Housing Affordability report for 2019. The report identified the proportion of Australians who think they will be at least 30 years of age…
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Real Estate News
Rural agent invited to gala awards dinner in the capital
Award-winning Ray White Parkes agent Kim Watts was recently invited to the AgriFutures Rural Women’s Award Dinner at Parliament House in Canberra. Ms Watts said she met lots of people in the rural space at the awards, which were set up to acknowledge and support the essential role women play in rural industries, businesses and communities. The awards provide a…
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Real Estate News
Belle Property joins invite-only global property platform
Belle Property has gained exclusive membership to the invite-only global sales network, Leading Real Estate Companies of the World (LeadingRE) and Luxury Portfolio (LPI). LeadingRE is an international real estate community of more than 500 real estate companies awarded membership based on rigorous standards for service and performance. With 4,300 offices and 130,000 sales associates in more than 70 countries,…
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Real Estate News
Barry Plant’s top performers awarded for excellence
Barry Plant Group’s stars shone at the company’s 2019 Awards for Excellence at Melbourne’s Crown Palladium recently, with nearly 800 people attending the black-tie event. The Frankston office had an outstanding night winning Franchisee of the Year and the Property Management Growth Award, with agent Bailey White joint winner of the Ron Hudson Rising Star Award. Geelong staff were also…
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Real Estate News
realestate.com.au puts more data in agents’ hands
realestate.com.au has launched the first customer app that enables agents to track how their listings are performing anywhere, at any time, direct from their mobile device. Ignite will enable agents to link their profiles so they can view active listings and track their campaign performance whilst on the go. Agents will also be able to view and respond to buyer…
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Real Estate News
Cameron Kusher to lead REA’s economic research
REA Group has appointed one of Australia’s most-respected and experienced property commentators Cameron Kusher to the newly-created role of Executive Director of Economic Research. Mr Kusher joins REA from CoreLogic, where he spent more than 10 years, most recently as the Head of Research. REA Group CEO Owen Wilson said Mr Kusher would work alongside REA’s well-established and influential Chief…
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Real Estate News
Double Bay real estate specialists join forces
High-profile agency, the LJ Hooker Double Bay Group, is continuing to go from strength-to-strength, with renowned agent Daniel Baran recently joining the ranks. Mr Baran has been responsible for many record sales in the east during his 30-year career. In the month since he joined, he’s already listed and sold in excess of $20 million in property with a strong…
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Real Estate News
South Australia Sotheby’s Realty defies the market with record-breaking results
Luxury real estate brand South Australia Sotheby’s International Realty has bucked the historically conservative South Australian property market trends with a number of landmark sales. Under the leadership of Grant Giordano, Director – Adelaide, several big-ticket properties have either sold or been contracted in the last few months, many setting suburb records. In June, a dream coastal property in tightly-held…
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Real Estate News
Ray White New Farm welcomes high-flying agent
Ray White New Farm has welcomed high-flying agent Richard Barlow into the role of Sales and Marketing Consultant. “I’ve been in real estate for six years, first working for an independent selling in the CBD and Spring Hill, before shifting to another independent in Teneriffe then an agency in New Farm for four years,” Mr Barlow said. “I’ve lived in New…
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Real Estate News
Mayfair 101 confirms purchase of Dunk Island
Australian-owned international investment and corporate advisory group Mayfair 101 has confirmed it has purchased Queensland’s iconic Dunk Island. Alongside the purchase of Dunk Island, Mayfair 101 is also under contract to purchase over 200 tourism-related properties in and around Mission Beach as part of plans to revitalise tourism in the area. The combined value of these property commitments represents an…
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Real Estate News
Coronis marched with pride in support of diversity
Coronis put their rainbow gear on to march for the LGBTIQA+ community, celebrating pride in support of family, friends, and team members at the annual Brisbane Pride March and Fair Day on Saturday. Coronis Head of Growth, Craig Gillies, expressed how important it was for the team to support and fundraise for causes that helped make a difference in people’s…
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Real Estate News
Young cadet joins Ray White Commercial NSW ranks
Ray White Commercial NSW – Sydney City Fringe has welcomed Zoe Barrett to the family in the role of Sales and Leasing Associate. “I grew up in Strathfield but moved to Chippendale to be nearer university in 2014 and have been living in the inner-city since. I know the inner-west, inner-city and city back to front,” Ms Barrett said. “I…
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Real Estate News
2019 REIWA Awards for Excellence winners announced
The Western Australian real estate industry’s best were recognised this evening at the prestigious 2019 REIWA Awards for Excellence, held at Crown Perth. REIWA CEO Neville Pozzi said the Awards were a unique opportunity for the Institute to acknowledge those WA real estate professionals who demonstrate excellence in their chosen careers, which have a positive…
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Elite Agent
Ray White Rural’s annual muster for 2019
Ray White Rural & Livestock held it's annual muster on the Gold Coast yesterday with almost 200 agents coming from all over Australia to learn and get inspired. The speakers at the one-day conference at the Marriott Resort, Surfers Paradise were economists, industry thought-leaders, elite agents, progressive entrepreneurs and even disruptors. Stephen Nell, Ray White…
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Real Estate News
Ray White Rural celebrates its 2019 winners
MORE than 200 guests from as far as Albany in Western Australia, Timboon in Victoria, Tumbarumba in New South Wales, Port Augusta in South Australia and Barcaldine in Queensland attended the annual Ray White Rural & Ray White Livestock awards on the Gold Coast last night to celebrate the achievements of the top offices and…
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Real Estate News
2019 REINSW Awards for Excellence Winners
Now in its 22nd year, the REINSW has recognised outstanding achievements, crowning the winners of its 2019 REINSW Awards for Excellence held at The Star on Thursday, 19 September 2019. REINSW President Leanne Pilkington says this year, the calibre of finalists was incredibly high. “Last night the success of our industry was on full display,…
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Real Estate News
Stable population growth to support building activity
Population growth figures released this week are good news for the residential building industry, according to the Housing Industry Association. The latest ABS data shows Australia’s annualised population growth rate remained at 1.6% during the March 2019 quarter. HIA Economist Angela Lillicrap said the stable population growth is a welcome development for the residential building industry as it recalibrates to…
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Real Estate News
REINSW calls for short-term rental reform
The Real Estate Institute of NSW has called for more reforms to Australian’s billion-dollar short-term rental accommodation industry, saying it has been unregulated for too long and the lack of policy left hosts and guests exposed. After years of operating with little oversight, in 2018 the NSW Government passed legislation to begin the process of regulating the short-term rental accommodation…
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Real Estate News
Ray White New Zealand appoints new COO
Ray White New Zealand has expanded its leadership bench with the appointment of experienced property figure Daniel Coulson who has joined the national team as the Chief Operating Officer.
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SUPPLIER NEWS
New data from OpenAgent reveals the behaviours of top-performing agents
The behaviours that differentiate top performing agents from those in the middle and bottom of the pack are consistency, persistence, attitude and thoroughness, new research shows. An analysis of the listing success of more than 2000 agents across Australia by referral partner OpenAgent has revealed the first quantifiable data to identify the behaviours – and…
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FRANCHISE NEWS
Property sales shake up as Betterway launches in Australia
A new fixed-fee model real estate is set to launch in regional Australia, promising a new approach for people looking to buy and sell their home which will save home owners money and put them back in control of the process. Betterway Real Estate‘s fixed and fair fee model is facilitated through a smartphone application that connects all suppliers in…
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FRANCHISE NEWS
Inner city Brisbane property in demand
Brisbane’s inner city precinct will be the strongest performing sector in the Queensland capital’s property market in coming years, according to SPACE Property. SPACE Property Managing Director Nick Penklis said the suburbs up to 10 kilometres from the CBD would always be the ones highest in demand, with an increasingly wider demographic looking to buy, including families. “As an agency,…
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