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Real Estate News
Current rental yields around New Zealand are looking up
CoreLogic have released their figures concerning growth in New Zealand’s rental market, revealing that rental growth is now outpacing property values. Interestingly, the results show the highest rental yields can now be found outside the main centres while the 10 lowest yielding suburbs are all located in Auckland. CoreLogic’s Senior Property Economist, Kelvin Davidson, noted that after a long period…
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Real Estate News
realestate.com.au has launched ‘How to Home Loan’ – a video campaign
realestate.com.au has launched a new video series to help first-home buyers navigate the challenges of securing finance and buying a home. The tongue-in-cheek series, called How to Home Loan, stars Jess Harris and explores the everyday frustrations that come with the home-buying journey. From daunting bank meetings to maintaining the avocado lifestyle while trying to save, the five-part educational series…
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VIC Real Estate News
Study reveals economic and health benefits of denser suburbs
New research has shown that denser and more walk-able suburban developments keep chronic diseases at bay and deliver lifetime economic and health gains of $4,500 for every resident. The paper, published by RMIT University urban researchers in the International Journal of Behavioural Nutrition and Physical Activity, shows there is economic and health benefit to designing new suburbs with health objectives…
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Real Estate News
Auction Tool Gavl to facilitate electronic signatures and transfers
Real estate auction platform Gavl has launched new features on its app, making it easier for buyers and vendors to sign contracts electronically and complete deposit transfers. Commenting on the updates, Gavl co-founder Joel Smith said he hopes to make Gavl the one-stop shop to complete auction transactions. “The additional tools that Gavl provides on the app will ensure buyers…
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Real Estate News
Century 21 kicks off media campaign with Seven West
Century 21 has commenced its 2019 advertising campaign partnership with Seven West. As part of the media plan between Century 21 and Seven West media, C21 properties and agents will be promoted across some of the biggest media assets in Australia, including the popular TV hit House Rules which will air in May. Owner and Chairman Charles Tarbey recently made…
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Real Estate News
Nick Dunn returns to Team Chauncy at McGrath Crows Nest
McGrath Crows Nest has welcomed Nick Dunn back to the team as the office plans for further expansion. Peter Chauncy, Principal of McGrath Crows Nest, believes that Mr Dunn has all the necessary ingredients to be one of their future stars and was delighted to welcome him back. “Nick typifies the calibre of agent that we wish to recruit and…
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Real Estate News
Independent rebrands to reflect a focus on the future
Independent has rebranded their businesses, dropping ‘Property Group’ from the brand name to reflect a drive towards innovation. According to Chief Experience Officer John Minns, the company’s new look represents the future. “This rebrand is about updating the look and feel of Independent to be in line with how we are as a company – innovative, friendly, relatable and approachable,”…
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Real Estate News
Ray White NZ welcomes a new office in Ohope Beach
Ray White has welcomed its newest office in Ohope Beach, New Zealand. Located in the Bay of Plenty, the Ohope Beach office will be the 172nd location across New Zealand for the Ray White network. Principal Ray Johnson already had an established business in the area and is optimistic about being backed by the Ray White brand going forward. “I…
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INDUSTRY NEWS
April 2019: RBA rates remain unchanged – industry reacts
Yesterday (2 April 2019), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 28th consecutive meeting. Many commentators expected this to be the case as the cash rate has now remained unchanged for 32 months. Here’s a quick rundown of what happened. With respect to the housing market: The adjustment in established housing…
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Real Estate News
Victorian Government partners with Women’s Property Initiative to support the homeless
The Melbourne suburb of Ashwood has welcomed the opening of Brian O’Donnell House, which will provide long-term, affordable accommodation for vulnerable Victorians fleeing family violence. The new homeless accommodation was opened by the Victorian Minister for Housing, Richard Wynne, and is an initiative of the Victorian Homeless Fund. It is supported by the Housing Industry Association as well as generous…
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Real Estate News
LJ Hooker Avnu welcomes Cameron Maxwell to the team
LJ Hooker Anvu in Sydney’s Lower North Shore has welcomed Cameron Maxwell to the team to service the highly sought-after area. In addition to his real estate experience, Cameron has also spent time as a taxation specialist with BMT specialising in property investments. Christine Mikhael, Chief Performance Officer of LJ Hooker Avnu, said she was delighted to have Mr Maxwell…
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Real Estate News
Belle Property make a new home in Queanbeyan
Boutique agency Belle Property Kingston has opened its second office in the rural lifestyle suburb of Queanbeyan. The office will service the growing and thriving rural lifestyle market of the ACT’s fringe suburbs, including Queanbeyan, Googong, Jerrabomberra and Bungendore. According to co-principal of Belle Property Queanbeyan Dan McAlpine, the speed with which the Kingston business achieved growth in the ACT…
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Real Estate News
Regional development manager takes top female leadership award
The winner of the 2019 Urban Development Institute of Australia (UDIA) and Frasers Property National Women in Leadership Award for Excellence has been announced, with Lendlease Regional Development Manager – Communities, Tamara Rasmussen, taking the top accolade. Ms Rasmussen has worked in property and development for two decades, including 15 years with Lendlease, and says she is thrilled to have…
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Real Estate News
New appointment for McGrath strengthens Victorian proposition
McGrath Estate Agents has announced Karl Secondis will join the group in the newly created role of State Manager for Victoria, as the company looks to grow its footprint in the state. Mr Secondis, who previously held roles with Ray White Darwin and One Real Estate Darwin, called this move a natural progression for him. “I’ve always been inspired by…
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Real Estate News
realestate.com.au aims to simplify tenant selection with new verification tool
realestate.com.au recently launched Tenant Verification that aims to simplify the tenant selection process. Available through the 1form platform, Tenant Verification is a service aimed at helping prospective tenants submit a more complete application by verifying identity documents and rental history. How it works For a fee of $29 (payable by the tenant) the report details the results of an identity…
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Real Estate News
Housing downturn loses some steam: CoreLogic
CoreLogic’s latest home value index results show the pace of declining property values in March eased relative to the past four months. Head of Research at CoreLogic, Tim Lawless, confirmed that the 0.6 per cent drop in March was the smallest of the month-on-month declines since values fell by 0.5 per cent in October last year. However, Mr Lawless noted…
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Real Estate News
REIA responds to Opposition’s start date for negative gearing and capital gains tax changes
The REIA has reiterated its strong opposition to the Labor Party’s negative gearing and capital gains tax policy, following the announcement that 1 January 2020 would be the start date for their negative gearing and capital gains tax increases if they were to win the federal election. “The REIA has always been concerned with the impact the policy would have…
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Real Estate News
Stone Real Estate expands into Albury Wodonga
Stone Real Estate has expanded further into regional areas with the opening of Stone Albury Wodonga, on the border of New South Wales and Victoria. The new office is led by established local agents Craig and Kelly Huckel, who had initially intended to start an independent agency before the Stone brand caught their attention. “It’s a very city looking brand and…
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Real Estate News
Brisbane defies falling house prices: REIQ
Figures from the latest REIQ Queensland Market Monitor have shown positive signs for Brisbane as the city closed out 2018 with a median house price growth of 1.1 per cent. According to REIQ CEO Antonia Mercorella, a rise of this kind for this market means Brisbane is really performing the best out of the three largest capital city property markets. However, she did…
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Real Estate News
Century 21 opens a new office in Balwyn, Victoria
Century 21 has expanded its Victorian network with Century 21 Reach. Located in Balwyn, 10km east of Melbourne’s CBD, the office is led by Principal Gilbert Ng, who brings to the brand 20 years’ of industry experience. Century 21 Reach will specialise in both residential and commercial property, and Mr Ng states that he is more than ready to take on…
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Real Estate News
Community forum tackles post-flood real estate market
More than 50 Townsville residents attended a community forum on the Townsville property market post-2019 floods, hosted by local sales specialist Michele Hyde, from RE/MAX Excellence and Brisbane real estate business owner and agent Martin Hood. The free information event was organised to help residents deal with what has been happening in real estate since the February floods, which left well…
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Real Estate News
Ray White Commercial analyst recognised in ‘500 Women in Property’ program
Ray White Commercial NSW analyst Ellen Feng has been recognised in the Property Council of Australia’s (PCA) 500 Women in Property program. The initiative involves a personal commitment from PCA members to champion women in their organisation or business sphere who they believe would benefit from further networking, profiling and professional development opportunities. Ms Feng, who has been an analyst…
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Real Estate News
Peer to peer office space market gets a reboot
Australian PropTech disrupter Rubberdesk recently announced the relaunch of its peer to peer marketplace for businesses. Through the platform, businesses are able to earn money by renting out their spare office space on a monthly basis. The platform currently has over 15,000 spaces available to rent, with the relaunch adding extended three-, six- and 12-monthly rental terms, online payment processing…
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Real Estate News
Rod Leaver appointed CEO of Knight Frank Australia
Stephen Ellis has announced he will be retiring from Knight Frank Australia, effective 30 June, with Rod Leaver taking the position as Chief Executive Officer on 6 May 2019. Mr Leaver will report to Kevin Coppel, Managing Director, Asia Pacific. Since returning to Australia in 2016, Mr Leaver has been advising groups on real estate strategy, portfolio governance and urban…
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Real Estate News
Ray White WA hold half-yearly awards
Ray White Western Australia held their half-yearly awards on 22 March at local venue Steve’s in Nedlands, honouring the top performers across sales and property. Vivien Yap of Ray White Dalkeith | Claremont was the big winner of the evening; she was named the Top Selling Principal in Western Australia and received accolades for the Top Office and Top Marketing…
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Real Estate News
Less than a week to go to submit your game changing idea: Real Ideas Prize
There is only less than a week to go before the entries for the Real Ideas Prize, hosted by realestate.com.au, closes. The Real Ideas Prize is a unique ‘shark tank’ style competition for anyone in the real estate industry to pitch an idea- no matter no big or small- to go in the running to win a share of $100,000…
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Real Estate News
Ray White commercial duo maintain a perfect auction rate
Ray White Commercial Gold Coast property specialists Jared Johnson and Lachlan Marshall are leading the charge to maintain a 100 per cent success rate under the hammer, selling $16.7M worth of assets across nine auctions in just four months. The duo have achieved a 100 per cent success rate under the hammer in 2017, 2018 and 2019, and have visions…
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Real Estate News
RE/MAX Revolution expands in New Zealand
With its new name and a refreshed look, RE/MAX Revolution Howick comes as an exciting business expansion for Don Ha. The well-known Auckland real estate identity, who opened his first RE/MAX Revolution in Papatoetoe last year, has now expanded in the eastern suburbs of Auckland with a new RE/MAX Revolution office in Howick. RE/MAX Revolution in Howick will specialise in…
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Real Estate News
National Australia Bank removes home loan spotters’ fees
The National Australia Bank has announced they will be terminating their ‘Introducer’ payments program, which some finance commentators have dubbed spotters’ fees, effective 1 October 2019. According to the bank’s Chief Executive Officer, Philip Chronican, it is a priority for NAB to keep improving and changing to be a better bank. “Through the Royal Commission we heard clearly that our…
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Real Estate News
What US$1 million buys you around the world: Knight Frank
The Wealth Report 2019, released this week by Knight Frank, reveals how much US$1 million can buy in prime cities around the world. The aim of the report is to approximate values for luxury properties globally, the study compares how many square metres of luxury internal floor space can be purchased with US$1 million as at 31 December 2018. Monaco…
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QLD Real Estate News
@realty have welcomed North Brisbane agent Patrick D’Arrigo to the team
Patrick D’Arrigo has made the switch to @realty in North Brisbane, having achieved $30 million in sales over the past 12 months. Mr D’Arrigo said he was excited to be joining the @realty team and looks forward to continuing his work in the Warner, Joyner and greater Moreton Bay region. “Working with @realty gives me the opportunity to offer more…
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Real Estate News
McGrath have opened the doors to their newest office in Ballarat
Real estate group McGrath Estate Agents, a division of McGrath Limited (ASX:MEA), today announced the opening of an office in Ballarat. Reflecting the company’s desire to expand further into key areas in regional Victoria, this move follows McGrath opening its first regional office in Geelong in 2017. Founder and Executive Director John McGrath said that Ballarat is an important growth…
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Real Estate News
REIWA launches ‘What about WA?’ campaign
In the lead up to the federal election, REIWA has launched its ‘What about WA?’ campaign, which aims to ensure Western Australia is not overlooked when election commitments concerning the real estate industry are made. According to REIWA President Damian Collins, the government has had a track record of applying blanket national policy settings, targeted at the east coast, without…
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Real Estate News
First National announces WA General Excellence and Marketing Award winners
First National Real Estate’s Western Australian agents were presented with their General Excellence and Marketing Awards at Crown Perth on 23 March 2019. The awards recognised the best of First National’s WA agents throughout 2018, with the top 10 individuals and offices now vying for a national GEM Award, which includes an expenses paid trip for top 10 national award…
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Real Estate News
OBrien Real Estate celebrates cultural diversity in the industry
Melbourne-based OBrien Real Estate, a boutique agency with a 27-office network of over 300 people, is strong on multiculturalism. On 21 March 2019, the group celebrated its diversity with a meeting recognising an important part of the group’s uniqueness. It was a special time to come together to appreciate one another’s values and differences. “The gathering of our people was…
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