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BTW
Laing+Simmons training program hits world-class mark
Leanne Pilkington, CEO of Laing+Simmons, said the company has improved and expanded its training efforts for 2023 based on input from the network’s property managers. The Announcement: At Laing+Simmons, 2022 has been the year of the real estate training revolution and to ensure the comprehensive and multi-faceted program is hitting the mark, the company turned to the internationally-recognised Net Promoter…
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BTW
Rising star Brody O’Brien joins Ayre Real Estate
Adrian Wilson, Director and Principal of Ayre Real Estate says Brody O’Brien is one of the real estate industry's most admired rising stars and has a natural tenacity for relating to people and a passion for the business.
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COMMERCIAL
Industrial property the strongest performer in 2022
Industrial assets have continued their charmed run of recent years and look set to finish 2022 as the top-performing commercial asset according to an expert.
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INDUSTRY NEWS
The world’s first community of 3D-printed homes
A community in Texas is set to be the largest group of homes constructed using 3D printing technology.
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Real Estate News
Half a house to go under the hammer in Brisbane
“Half a house” in Brisbane, which saw the top floor gutted by fire, is set to go to auction.
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INDUSTRY NEWS
Will an ‘Airbnb bust’ reach Australia?
Short-term rental hosts in the US are reporting significant losses amid fears of an “Airbnb bust” due to an over saturation of accommodation in the market.
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Profitable resales decline across New Zealand
Profitable resales across New Zealand continued to decline last quarter, dropping to 96.8 per cent according to CoreLogic.
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Covid regional hotspots lead price declines
The Covid boom that saw tens of thousands of people moving to regional Australia has officially come to end, with many regional hotspots now leading the downturn.
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Where it’s cheaper to buy than rent
After the surge in property prices over the past few years, it’s now cheaper to buy than rent a house in only 13.8 per cent of suburbs, according to Domain.
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FRANCHISE NEWS
Introducing JET Real Estate Byron Bay
Jason Dittmar, Elizabeth Hickey and Tania Sheppard are JET - the newest agency to hit the Byron Shire and Tweed Valley.
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FRANCHISE NEWS
A combined vision for culture: Michell Estate Agents launches with UrbanX
Simone Michell, in partnership with UrbanX, is excited to launch Michell Estate Agents, empowering her to create a space that embodies everything she believes in.
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2022 AREAs submissions close this week
Australian property professionals have until midnight this Friday 18 November to finalise their submissions for the 2022 Annual REA Excellence Awards (AREAs).
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Top US real estate agent sells 16 homes every day
Texas real estate agent, Ben Caballero, might be 83 years old, but he’s officially the top sales agent in the US, selling a staggering 16 homes every single day.
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BTW
Ray White Victoria and Tasmania welcome new chief auctioneer
Jeremy Tyrrell has been working with Ray White for almost a decade, helping them to become a market leading auction business in the state. The Announcement: Award winning Ray White auctioneer Jeremy Tyrrell has been elevated into the role of chief auctioneer for the group’s Victorian and Tasmanian network. Mr Tyrrell previously worked for Ray White in Victoria as chief auctioneer…
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RBA rate hikes kick in for variable borrowers
Borrowers with a CBA, NAB and ANZ variable home loan have had a 0.25 per cent interest rate rise, with the banks passing on the RBA's November rate hike.
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Noosa dream home sells for $27 million in record off-market deal
A stunning Noosa Heads waterfront residence has defied softer market conditions and hit a new local price benchmark, after secretly selling for $27 million. The significant deal was achieved by Richardson & Wrench Noosa Principal Gillian McCauley in July with settlement now finalised.
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First annual decline in Australian home values since October 2019
The value of Australian residential real estate continued to decline in October, down to $9.5 trillion from $9.6 trillion according to CoreLogic.
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BTW
Adelaide real estate leader receives national network’s biggest honour
Stephen Mutton, General Manager of Network at LJ Hooker, commended both Frank Newton and Mario Bonomi on their achievements. The Announcement: Adelaide real estate stalwart Mario Bonomi has received the highest honour at LJ Hooker’s international awards gala held in Cairns this week. Mr Bonomi, joint principal of LJ Hooker’s Adelaide Metro and Commercial offices, was bestowed the Sir Leslie…
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Real Estate News
iBuying platforms falling like dominoes
It hasn’t been a good start to November if you’re an iBuying platform, with Redfin closing its house-flipping business and sacking 13 per cent of its team as the brokerage deals with the downturn in the US property market.
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5 secrets to growing your rent roll
What is the secret to building a successful property management agency?
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4 million virtual inspections show changing trends in buying property
More than four million digital property inspections have been undertaken on a leading virtual tours platform over the past 24 months, demonstrating a clear trend in how Australians want to rent and purchase property.
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More choice for buyers as listings rise
The total number of properties for sale is increasing in nearly every part of the country, finally giving more choice to buyers.
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Switch and save on your business insurance
Real estate agents face many risks, from misleading or deceptive conduct to clients falling over in their office.
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Flood-affected property markets to recover within 12 months
Flood-affected property markets are likely to bounce back within 12 months according to an expert.
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BTW
Stone Real Estate continues Queensland growth in Logan West
Fast growing real estate network Stone has launched its latest Queensland franchise office. The Announcement: Stone Real Estate is continuing its Queensland expansion, today announcing the launch of its Logan West office under the direction of owner-operators Darren and Leanne Gunn. Located south of Brisbane in the Logan suburb of Browns Plains, Stone Real Estate Logan West is a business…
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Young Australians live with their parents to save for a house deposit
The rising cost of living, including a lack of affordable housing, has changed the financial landscape for Australia’s youth.
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FRANCHISE NEWS
Explore Property makes a move into WA
Queensland-based real estate network Explore Property has opened offices in Western Australia with experienced professional Belinda Chandler.
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BTW
McGrath expands into Brisbane’s north
An accomplished team of 10 will be led by principals Alex Porter and Claire McGrath. Tamika Kent, a top-producing high-performing agent, joins them in the role of sales manager.
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Real Estate News
REA Group increases revenue as “heat” comes out of the market
REA Group has announced an increase in first quarter revenue thanks to strong listings, however, the outlook remains mixed as the “heat” comes out of the property market.
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Another record-breaking year for pub sales
After a record-setting year for pub sales across NSW last year, 2022 is shaping up to be even stronger.
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SUPPLIER NEWS
Rex reveals new tools to generate leads and convert customers
Australian-based software company Rex has launched a streamlined IT solution for real estate agents to generate leads, convert customers and grow their business, combining two easy-to-use integrated tech platforms.
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Rate hikes slash home buyer’s budgets $214,000
The average family's borrowing capacity has shrunk by $214,600 as a result of seven months of interest rate rises.
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Billionaire puts Brisbane’s tallest penthouse on the market
Brisbane’s tallest penthouse, standing 270 m high, has hit the market.
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Real Estate News
Nigel O’Neil steps down as Barry Plant CEO
Nigel O’Neil will step down as chief executive officer of real estate group Barry Plant after four years with the business. Director Mike McCarthy has been appointed as the acting CEO, with Mr O’Neil to transition his handover in the the coming weeks. A search for Mr O’Neil’s successor has started. Mr O’Neil took over the CEO role from Mr…
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