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BTW
McGrath posts strong EBITDA result in FY22
Chief Executive Officer and Managing Director John McGrath is pleased with the results and said they reflect the group’s focus on growing market share and agent productivity. The Announcement: McGrath Limited (ASX: MEA) today announced strong results for the 2022 financial year, within the guidance range provided in May 2022. Results highlights: • Underlying Revenue1 of $112.4 million, a 1.3% increase…
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INDUSTRY NEWS
Home builders to weather the interest rate storm
Home builders are well positioned to handle higher interest rates, believing the events of the past two years have been more difficult to contend with.
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INDUSTRY NEWS
The value of new loans fell 4.4 per cent in June
The value of new home loans across Australia has fallen 4.4 per cent last month, continuing to soften from the peak of $33.2 billion in January.
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BTW
Battle Royale! Harcourts Game of Phones
Harcourts Game of Phones sees competitors calling and confirming as many appraisals as possible. The Announcement: Real estate royalty battled it out during Harcourts 2022 National Appraisal drive recently. ‘Harcourts Game of Phones – Appraisals are Coming’ saw agents, property managers and offices from across the continent compete for the crowning glories of being named ‘Greatest of Call Time’, ‘The…
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BTW
Huge day of Ray White Commercial auctions
Ben Faulks, Mark Thompson and Scott Stephens all achieved a 100 per cent clearance rate, selling five out of five properties. The Announcement: Ray White Commercial sold more than $16 million in property under the hammer on Thursday, with auction events at Canberra, Brisbane, and the Gold Coast. Overall, 15 properties went under the hammer, recording an auction day clearance…
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INDUSTRY NEWS
Regional prestige lifestyle areas the first to show weakness
Rampant house price growth in regional lifestyle areas, previously fuelled by Covid lockdowns, has started to turn, with the prestige market falling first.
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INDUSTRY NEWS
The areas where property price growth is still occurring
Despite property values starting to fall in the larger capital cities, there are still multiple locations around the country that are likely to still see price growth according to an expert.
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BTW
Three’s The Block NZ houses proudly marketed for sale by Ray White
Ray White’s Treena Drinnan said the properties are among the only fully-furnished options available in the current market. The Announcement: You’ve seen them on the screen, and now it’s time to view them in person and stake your claim on auction day. Ray White New Zealand is pleased to announce the four stunning townhouses from Three’s The Block NZ are…
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INDUSTRY NEWS
Cold, unhealthy rental homes don’t meet international standards
Australian renters are being forced to live in cold, unhealthy homes that aren’t meeting international standards on indoor temperatures according to a new report.
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INDUSTRY NEWS
Profitable resales start to fall across New Zealand
Profitable resales across New Zealand have started to fall as interest rates rise and a surge in listings weighs on the property market.
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INDUSTRY NEWS
AI digital assistant RiTA now integrates with PropTech Group’s Eagle CRM
PropTech Group's Eagle CRM is the newest addition to the list of CRM's digital assistant RiTA plugs into. The integration allows real estate agencies using Eagle CRM to generate more leads from their CRM and clean their data through the power of Artificial intelligence (Ai) and automation.
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SUPPLIER NEWS
REA Group retains top four position in Australia’s Best Workplaces
Great Place to Work has named REA Group Australia’s fourth Best Workplace for 2022 in the large company category.
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BTW
Luxury property expert Bradley Cocks joins DiJones Southern Highlands
DiJones Southern Highlands has bolstered its ranks with the appointment of Bradley Cocks who has extensive expertise across marketing, communications and promotion of luxury travel and property developments.
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BTW
Christine Mikhael appointed CEO of LJ Hooker Group
Christine Mikhael has been Acting Chief Executive Officer for the group over the past six months where she has shown outstanding leadership skills, making her a natural fit for the role. The Announcement: The Board of the LJ Hooker Group today announced the appointment of Christine Mikhael as Chief Executive Officer and a member of the Board. Ms Mikhael’s appointment…
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BTW
Ray White trademarks ‘Competition Creators’
After being interwoven into the everyday language at Ray White, ‘Competition Creators’ has been successfully trademarked by the group when referring to auctioneering and the auction process. The Announcement: In a world first, the Ray White Group has successfully trademarked the phrase ‘Competition Creators’. The phrase was coined by the group’s chairman Brian White AO and is now interwoven into…
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Real Estate News
Crypto king buys Toorak ghost mansion for $80 million
A mysterious crypto king has splurged a stunning $80 million on an unfinished Toorak mansion, setting a state record in the process.
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COMMERCIAL
Industrial assets could be a good inflation hedge
Industrial assets could be a good hedge against ongoing inflation pressures but not all commercial assets will be as effective according to an expert.
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INDUSTRY NEWS
145,000 homeowners would consider selling if rates rise
Over half a million Australian households would struggle to pay their mortgage, with many forced to sell, if interest rates rose three per cent according to a new survey.
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SUPPLIER NEWS
New property.com.au marketplace boosting vendor confidence
REA Group’s property research destination, property.com.au, has today launched a new consumer Marketplace aimed at removing more barriers for buyers and sellers.
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SUPPLIER NEWS
Domain launches ‘find your way home’ spring campaign
Leading property marketplace Domain has launched its national multichannel spring campaign via DDB and PHD following another successful year, which saw digital audiences peak to 8.4 million in a month.
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BTW
Holly Jones takes out two top gongs at Ray White international awards
Holly Jones said she loves providing incredible results throughout the selling process and finds helping buyers find their dream property incredibly rewarding.
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INDUSTRY NEWS
Big banks pass on the full 0.5 per cent rate hike
Three of the big four banks have passed on the Reserve Bank of Australia's full August interest rate rise of 0.5 per cent.
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INDUSTRY NEWS
Nerida Conisbee: Why mortgagee sales are rising
Cost of living pressures and mortgage stress has seen the number of mortgagee sales increase according to new data.
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INDUSTRY NEWS
Free real estate job search website launched
Entry Education has broken new ground with the creation of an innovative job search website designed by property professionals for property professionals.
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BTW
Alec Brown named Ray White Australia’s top auctioneer
Alec Brown says he sees auctioneering as a responsibility to agents and their clients, so he ensures he brings his A-game and strives to help facilitate the best outcome. The Announcement: Alec Brown from Ray White Canberra is one of the country’s leading auctioneers and has just been named Ray White Australia’s top auctioneer for 2022 at the agency’s national auctioneering…
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INDUSTRY NEWS
Top locations for investors with a $100k deposit
Outer city and regional areas are providing the best value for investors with a $100,000 deposit according to new research.
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INDUSTRY NEWS
The Tasmanian market contracts as rates rise
Rising interest rates have started to bite in Tasmania with sales activity contracting.
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BTW
Brisbane eastern suburbs expert joins RE/MAX Results
Karen Chappell’s ability to give clients total honesty, focus and care aligns with RE/MAX’s values, making the move a great cultural fit. The Announcement: Real estate director Hayley Van De Ven continues her success in attracting elite agents to her RE/MAX Results team, with highly acclaimed Brisbane eastern suburbs specialist, Karen Chappell, the most recent addition. Ms Chappell has more…
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INDUSTRY NEWS
Inflation outstrips rental growth for more than a decade
Inflation has risen at more than twice the rate of weekly rents over the past decade, forcing many landlords to say "enough is enough".
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FRANCHISE NEWS
Cranbourne agency explores ‘all avenues’ with new business
When experienced agents Naval Aulakh and Yogi Patel decided it was time to break the mould and start their own agency, they enlisted the help of Identity Marketing to create their brand from the ground up.
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BTW
Record results for BresicWhitney
BresicWhitney posted record results in its 2021/2022 financial report, following the new leadership structure lead by Thomas McGlynn and Will Gosse.
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BTW
LJ Hooker opens two new offices in thriving NSW regional hubs
LJ Hooker have opened two new offices in Bathurst and Griffith as the group continues to expand in New South Wales.
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FRANCHISE NEWS
RE/MAX Extreme grows with addition of Oceanside Realty
Neighbouring real estate businesses have merged in Perth with the sale of successful boutique agency, Oceanside Realty, to RE/MAX Extreme, a leading office in the Australian and global network.
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COMMERCIAL
Office demand improving for high migration states
Locations with strong population growth have also started to see improvement in office demand.
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INDUSTRY NEWS
Should NZ first-home buyers purchase now or wait?
There might be merit in first home buyers waiting a little longer before trying to get into the New Zealand property market, according to a leading expert.
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