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Real Estate News
Rex Software launches CRM app Pocket by Rex
Rex Software is proud to unveil a first full-featured mobile CRM app for real estate agents: Pocket by Rex. Now available for iOS on the App Store and for Android on Google Play. Conducting client surveys in 2016, the results indicated to REX that agents spend anywhere from 60-80% of their working lives out of the office. A year in the…
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Real Estate News
Bundaberg region’s food production and port development attract business delegation
Bundaberg is on the map for Chinese business investors after RE/MAX principal, Scott Mackey, led a delegation to Nanning in China this month to support opportunities in the region. Jim Mullet, Managing Director of Monduran Station, a 1000-hectare citrus orchard, along with real estate sales executives Aaron Thompson and Michael Zunker from RE/MAX Precision, and MRH Lawyers’ Alex Pretorious, who…
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Real Estate News
REA Group moves into new Sydney home
REA Group has moved its Sydney headquarters into a new 950 sqm ‘home-styled’ office, mirroring what the company does best in connecting people and homes. Designed by leading interior and architectural design firm Futurespace, the new REA Group Sydney office is sectioned into the same kind of rooms you would find in a home. Managing Director of Futurespace, Angela Ferguson…
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Real Estate News
APRA Data shows easing of LVR Lending, CoreLogic
CoreLogic research analyst Cameron Kusher comments on data released by APRA earlier the week showing LVR lending is easing up with a further slowdown expected. Data released by the Australian Prudential Regulation Authority (APRA) earlier this week has shown that high loan to value ratio (LVR) lending continues to fall indicating new buyers are in many instances using larger deposits.…
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Real Estate News
First National awards its high achievers in Fiji
First National Real Estate’s highest achievers were presented with their General Excellence and Marketing Awards at the Intercontinental Fiji Golf Resort & Spa last Friday night. The awards dinner brought recognition to Australia’s top 2016 salespeople, property managers and administrators, and attracted more than 385 delegates from Australia, New Zealand and the South Pacific. First National Real Estate’s chairman, David…
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Real Estate News
Property Council welcomes deferring FESL
The Property Council of Australia welcomes the Premier’s announcement today that the Government will defer the introduction of the Fire and Emergency Services Levy (FESL). “The Property Council has had serious concerns about the FESL model with some commercial, inner city and industrial property owners reporting bill rises of nearly 600 per cent,” Property Council of Australia NSW Deputy Executive…
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Real Estate News
RE/MAX celebrates the career of Simon Salm
Simon Salm, a Brisbane Bayside sales executive and sales team leader, has received a rare international RE/MAX Circle of Legends Award, which requires a career of at least 10 years with the global real estate giant and over $10 million US in RE/MAX commissions. “Entry into the prestigious Circle of Legends doesn’t come easily,” said RE/MAX Australia Franchise Director Joel…
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INDUSTRY NEWS
New report demonstrates value to the Australian economy from foreign investment in real estate
A new ACIL Allen Consulting report, commissioned by the Property Council of Australia, has highlighted the strong and substantive benefits to the economy of foreign investment in commercial and residential real estate. The report, released at a high-level summit of domestic and international property and finance leaders at Parliament House yesterday, is in response to ongoing union and political campaigns…
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Real Estate News
‘Long overdue’ WA strata title reform welcomed by leading industry bodies
The Western Australian State Cabinet decision to move forward with the strata title reform process has been commended by the Real Estate Institute of Western Australia, Strata Community Association WA, Property Council of Australia and Urban Development Institute of Australia WA. Announced yesterday, the Honorable Rita Saffioti MLA said strata title reform was important to the future housing needs of…
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Real Estate News
realestate.com.au joins forces with The Property Couch
realestate.com.au is teaming up with The Property Couch, one of the country’s best property podcasts, to bring Australians the property information, insights and advice they need to help with one of life’s biggest decisions. The Property Couch is made up of two of Australia’s most respected property experts, Bryce Holdaway and Ben Kingsley, who are passionate about helping people make smart…
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Real Estate News
Language is no barrier in multi-cultural Sunshine: Ray White
Ray White Sunshine has just opened in inner west Melbourne with young gun Dee Nguyen at the helm, who is excited to be joining the Ray White family. Principal Mr Nguyen started in real estate in 2008 and is rebranding to Ray White from a smaller independent agency group, with a team of more than 10 staff across property management…
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Real Estate News
Budget Boost For Housing Could Build 100,000 Homes
New economic modelling commissioned by Master Builders Australia forecasts that the $75 billion infrastructure and housing affordability measures announced in the Budget will deliver a substantial 41% boost to the supply and affordability of housing. “Increasing supply is the only effective way to keep the dream of home ownership alive. Master Builders has lobbied for measures to support the building…
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Real Estate News
PM Pioneer Leah Jay Reaches Summit of Mount Everest
Property management pioneer, Leah Jay, has completed a climbing expedition to the summit of Mount Everest. The climb marks another victory in her attempt to climb the ‘seven summits’ – the highest peaks on each of the seven continents. Mount Everest, which stands at 8,848 metres high, is the world’s tallest mountain. This is the sixth summit that Leah has…
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Real Estate News
New $270 levy for WA investors is irresponsible, REIWA
REIWA has slammed talk of introducing a $270 levy for investors as a means to help raise revenue and fix the State Budget as short sighted and irresponsible. REIWA Councillor Suzanne Brown said it was extremely disappointing the industry was not consulted about this policy change. “The private rental market is crucial to the provision of rental accommodation in WA,…
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Real Estate News
Auction volumes continue to strengthen and combined national preliminary clearance rate at 78 percent
Preliminary figures show a combined national clearance rate of 77.9 percent of auctions were successful across the combined capital cities, while auction activity rises week-on-week National auction clearance results for the week ending 21/05/2017 courtesy of CoreLogic Auction activity across the combined capital cities increased this week, up from 2,409 auctions last week, to 2,794 this week, making it the sixth busiest week…
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Real Estate News
New Ray White powerhouse in the Sutherland Shire
Five of the most successful real estate agents in the Sutherland Shire have joined forces to open the new Ray White Cronulla office. Matt Debreczeni and Gavin Ottaway, the owners of the Ray White Menai and Sutherland businesses, have teamed up with Matt Johnston, Jill Yankos and Charlie Yankos to open the Cronulla business, creating a real estate powerhouse across…
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Real Estate News
REA Group named one of Australia’s best places to work
REA Group has been named one of the best places to work in Australia for the second year in a row, according to the latest LinkedIn Top Companies list. LinkedIn yesterday announced the top 25 companies where Australians would love to work the most, based on an analysis of consumer behaviour to the professional networking site. Ranked 16th, REA Group…
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Real Estate News
Who will you be rubbing shoulders with at AREC2017?
Delegate numbers up for AREC2017 as the focus this year is on “Super Growth”. With just 10 days to go, the diverse line-up of speakers is proving to be a drawcard with nearly 4,000 delegates already registered for the conference. Conference organisers Total Real Estate Training (TRET), have indicated this will prove to be the most popular AREC in its 20th…
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Real Estate News
Cooley Auctions Golf Classic raises $500,000 for Youth off the Streets
The 10th and final Cooley Golf Classic was held on Friday 12 May at Bonnie Doon Golf Club raising over $65,000 for Youth Off The Streets. The goal for the final year of the event was to raise $500,000 over the 10-year period and Youth Off The Streets and Cooley Auctions are thrilled that that result was achieved. Prior to…
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Real Estate News
Box+Dice and Real Estate Bookings announces integration
Real estate agencies who use Box+Dice and Real Estate Bookings are now able to utilise the functionality of both platforms together with the recent announcement of their integration. Scott Parrot – COO at Box+Dice “Box+Dice software is always looking to provide value for our clients. Real Estate is an online business and with Real Estate Bookings feeding all buyer enquiries…
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Real Estate News
Young Principals about to open 11th office
Jared and Shallain Hodge are a mission to build their real estate empire. Jared Hodge, a 42-year-old young-gun real estate principal and entrepreneur, is soon to open his 11th new business in only eight years when he opens Ray White Burleigh Heads. The move comes just weeks after the mutual departure from glamour Gold Coast suburb by the previous Ray…
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Real Estate News
LPMA 2017 Annual Award Winners Announced
The Leading Property Managers of Australia (LPMA) had their Annual Awards Dinner at The Star Gold Coast on 4 May 2017. Executive Director of LPMA, Bob Walters said “This year we had a record number of entrants and the calibre of entries was outstanding. It shows that the level of service, efficiency and professionalism of LPMA member firms gets better…
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Real Estate News
Auction volumes increasing with the combined preliminary clearance rate holding in the mid 70’s
Auction conditions remain strong with a rebound in auction volumes and higher preliminary clearance rate over the second week of May with 2,376 auctions nationally and a combined national auction clearance rate of 76.6 percent (76.2 percent weighted average) National auction clearance results for the week ending 14/05/2017 courtesy of CoreLogic Auction markets have remained resilient, with both volumes and the preliminary…
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Real Estate News
Property investors to lose in budget changes, says Bradley Beer
The 2017 Federal Budget, handed down by Treasurer Scott Morrison this week includes proposed changes which will affect residential property investors Australia-wide. The Australian Tax Office (ATO) allows owners of income producing property to claim depreciation deductions for the wear and tear that occurs to a building’s structure and the plant and equipment assets within. The proposed changes relate to…
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Starr Partners continues rapid growth with new Miller office
Australian boutique group, Starr Partners, have further extended their presence in Sydney’s South West with the opening of a new office in Miller. The move comes as recent CoreLogic Property Research revealed median house prices in the Liverpool region have increased by 9.6 per cent per annum in the 20 years to Dec 2016, making it one of the top…
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Real Estate News
Crown Group Reveals Australia’s Tallest Manmade Waterfall
Crown Group, the award-winning developer of distinctive residential and mixed-use properties across Sydney, today announced the highly-anticipated details of Waterfall by Crown Group, an iconic, grand-scale project in Sydney’s burgeoning Green Square precinct featuring Australia’s largest man-made waterfall. Eye-catching images and animation of the waterfall were revealed at an event held in Sydney today. “This development is something entirely unique…
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Real Estate News
A sale a day in April for $99.87M
Powerhouse agency Ray White Double Bay just sold 30 properties for $99.87 million in April and the outlook is even brighter for the blue chip agency with increases in stock and prices. Craig Pontey, director of Ray White Double Bay, was incredibly proud of his team to sell “the equivalent of a property a day in April, it’s quite an…
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Real Estate News
Meet the AREAs judges: a who’s who of property & media
With the countdown on, REA Group is pleased to announce the first 15 judges of the Annual REA Excellence Awards. Coming from the media, property, data, technology and not-for-profit sectors, the first judges to be announced are some of the most respected and experienced in their professions: Ange Ferguson, Group Managing Director, Asia Pacific at ThoughtWorks Chris Gray, leading investment…
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Real Estate News
Leading LJ Hooker Business Moves to Ray White Group
LJ Hooker Lower North Shore, one of the top businesses for LJ Hooker worldwide, is joining the Ray White Group. LJ Hooker Lower North Shore directors Richard Harding, Geoff Smith and Bernard Ryan say they are excited about both the re-brand and the potential for expansion across this region. They have been operating for 60 years and employ more than 50…
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Real Estate News
Sydney apartments shine at 2017 national property Innovation & Excellence awards
A magnificent makeover of Bondi’s old Swiss Grand Hotel and a 42-storey apartment tower in Chatswood have taken home two prestigious awards at the 2017 Property Council of Australia / Rider Levett Bucknall Innovation and Excellence Awards. RLB has partnered with the Property Council of Australia to present the Innovation & Excellence Awards program since its inception in 1982.The 2017…
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Real Estate News
Preliminary clearance rate holds firm around 74 percent on lower auction activity in the first week of May
This week, 1,662 capital city auctions were held and preliminary results show that 1,365 auctions have been reported so far, with a preliminary clearance rate of 74.6 percent, rising from a final clearance rate of 74.0 percent last week across 2,350 auctions. National auction clearance results for the week ending 07/05/2017 courtesy of CoreLogic While clearance rates remain above the long-term average…
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Real Estate News
Static LED displays light up real estate agents’ bottom line
Australia’s real estate agents – whether in busy city locations or more relaxed regional settlements – are finding that backlit window displays that present their properties and services in the most appealing light are not only enhancing customer relations but increasing revenue and profitability. One such agent is Sydney’s Perry English, while some 4,000km away in the WA resort town…
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Real Estate News
Australians prefer to make mobile calls than get them: Roy Morgan Research
“Don’t call me, I’ll call you.” Over three million Australians say they love being able to contact others via mobile phone whenever and wherever it suits—but don’t enjoy being contacted themselves, Roy Morgan Research shows. When it comes to their mobile phones, 14.2 million Australians aged 14+ (72%) agree, “I love being able to contact my friends wherever I am”.…
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Real Estate News
Inner Sydney Agency Chalks Up 40-year Milestone
Sydney property figure Warwick Williams is preparing to celebrate the 40th anniversary of the Drummoyne real estate business he founded in 1977. The agency has grown from a humble four-person operation with a modest rent roll to become one of the largest independent real estate operations in Sydney’s vibrant inner west. Today, Warwick Williams Real Estate is Drummoyne’s leading agency…
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Real Estate News
REA Group launches Spacely, enabling Australians to work, their way
REA Group have announced the launch of Spacely, a new listings site that will make it easier for Australians to find short-term commercial rentals and co-working spaces that meet their needs. Spacely, available on spacely.com.au, will launch as a new beta experience and will evolve over the coming months. Multiple updates and improvements to the site are expected as more…
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