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BTW
Belle Property Newmarket welcomes Jonathan and Anna Levey
Belle Property is pleased to announce new leadership to its leading Newmarket office in Brisbane. The Announcement: Leading real estate brand Belle Property has announced an exciting change of ownership of its successful Newmarket office. After eight years as business owners of a nearby real estate agency, leading Sales agent and Principal, Jonathan Levey, and Property Management specialist, Anna Levey,…
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INDUSTRY NEWS
More Perth suburbs join the million-dollar club
Strong price growth across the upper end of the Perth market has seen eleven new suburbs join the million-dollar price bracket for the first time.
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INDUSTRY NEWS
Sydney properties top the international waterfront index
Luxury waterfront properties in Sydney command the highest premiums in the world, with the Harbour City taking out top spot in this year’s international waterfront index.
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BTW
McGrath announces expansion in NSW alpine region with third key office
Two years ago McGrath launched its first office in the Snowy Monaro, and now they are opening their third office in the region, all under the banner of McGrath Snowy Mountains. The Announcement: Following the successful launch of two regional agencies in Cooma and Berridale in 2020, McGrath Estate Agents today announced the opening of a third office, this time…
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SUPPLIER NEWS
Listings surge sees REA Group post strong earnings
REA Group has released its full-year financial results with the post-lockdown surge in listings on realestate.com.au leading to a sharp jump in both revenue and earnings.
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INDUSTRY NEWS
Three-quarters of Aussie borrowers have had their interest rates increased
Australian borrowers have felt the pinch of rising interest rates with 77.1 per cent of mortgage holders already experiencing a rate hike, according to a new survey.
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INDUSTRY NEWS
Australia’s very own Schitt’s Creek hits the market
If you’ve ever dreamed of owning your own town, just like the Rose family's infamous purchase in the hit TV show Schitt’s Creek, then you might have your opportunity with the small Victorian town of Coopers Creek hitting the market.
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BTW
What agents can learn from Olympian Jana Pittman
Olympian Jana Pittman spoke at Connect 2022 about how her failures have helped shape who she is today. The Announcement: World champion athlete Jana Pittman has experienced plenty of highs and lows in her life and she shared that amazing story with 3,000 attendees at Ray White’s Connect conference. She’s an Australian hero, well-known for her impressive athletics career but…
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INDUSTRY NEWS
Ray White returns to ‘The Shed’ to celebrate 120 years
Almost 300 Ray White members and their families have attended the Ray White Group's The Shed Open Day to celebrate 120 years of the leading brand on the site where the agency started.
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BTW
Southern investor demand prompts Raine & Horne Commercial to launch in Townsville
Raine & Horne Commercial has opened a new office in Townsville, the largest city in Northern Australia. The Announcement: With southern investors leading the charge for local commercial real estate, Raine & Horne Commercial has announced the launch of a new office in Townsville. Led by Steve Leaumont, who since 2017 has been the principal of the highly successful Raine…
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INDUSTRY NEWS
New tenancy laws could prove problematic for Queensland landlords
The Real Estate Institute of Queensland (REIQ) has pushed back against State Government changes to rental laws, which could see landlords “inherit a tenant for life”.
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Elite Agent
Michelle Bourne: a shining light on Sydney’s Northern Beaches
Michelle Bourne came to real estate later in life but that hasn't stopped her setting up a boutique agency with her husband Andrew. As Michelle explains, the "stars aligned" when they established Rightside, and now she's focused on growing the Manly agency even further.
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BTW
Ray White Queensland celebrates its 2022 award winners
Some 1200 Ray White Queensland members gathered at the Gold Coast Convention Centre last night to celebrate the achievements of the top offices and individuals over 2021/22.
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BTW
Knight Frank appoints head of retail valuations
The appointment has bolstered Knight Frank’s valuation and advisory team, with the global property consultancy now providing a full service offering to clients. The Announcement: Knight Frank has made a new appointment to its Valuation & Advisory team, bolstering the global property consultancy’s offering to clients. Hanna Clarke has joined the team in Sydney as Partner, Head of Retail Valuations…
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INDUSTRY NEWS
National vacancy rate drops to a record low
The national vacancy rate has tumbled to a record low, dipping under 1 per cent and heaping more pressure on tenants already struggling with rising rents.
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COMMERCIAL
Demand for CBD office space slowly returns
Demand for office space remains solid as tenants slowly return to CBDs across the country.
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INDUSTRY NEWS
Falling investor lending to put pressure on renters
The rate of growth of new home loans to investors is slowing which could make it harder for tenants to find rental properties according to an expert.
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INDUSTRY NEWS
Fairlight cottage tipped to go from $3000 to more than $3 million
A Circa 1910 cottage that cost just $3000 about 60 years ago is now on the market with a price guide of $3.7 million.
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Commercial Real Estate
Sub-$2 million commercial market to remain strong
Commercial property valued under $2 million is likely to remain in demand, despite rising interest rates reducing the pool of buyers.
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INDUSTRY NEWS
Perth defies national trend as house prices continue to rise
Perth property prices have been able to buck the national trend and record a rise in values last month.
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BTW
Barry Plant Group opens four new offices
The offices are all expansions from existing Barry Plant business owners and are not re-brands. The announcement: Victorian real estate group, Barry Plant, has added four more offices over the last two months. All new offices are expansions from business owners already within the group. While the group is always willing to welcome a good business to their network, Barry…
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Celebrity Homes
Paris Jackson buys rustic Hollywood Hills retreat
Michael Jackson’s only daughter, Paris Jackson has sold the first house she ever owned and is relocating to the Hollywood Hills, after purchasing a US$3.8 million cabin.
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INDUSTRY NEWS
New Zealand property prices fall at fastest pace since the GFC
Property prices across New Zealand have continued to fall, with the rate of decline now at the same level as seen during the Global Financial Crisis.
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INDUSTRY NEWS
Lenders pricing for risk with rate discounts
Lenders are rewarding borrowers with lower Loan to Value Ratios (LVRs) by offering reduced interest rates.
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BTW
McGrath expands in Sydney’s north west
McGrath Estate Agents has announced its expansion across the Ryde local market in Sydney’s north-west.
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Elite Agent
Ray White establishes local presence in Jacobs Well
Ray White's Peter Catanzariti has opened Ray White Jacobs Well, his fourth office on the northern Gold Coast corridor.
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INDUSTRY NEWS
South Australian property continues to buck the trend
The South Australian property market continues to show “resilience”, extending its record-breaking run of quarterly price increases.
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COMMERCIAL
Adaptive reuse of old buildings on the rise across Australia
The redevelopment of old buildings across Victoria is starting to gather steam as developers look to find creative ways to utilise older buildings that have outlived their purpose.
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BTW
Ray White opens in Sydney’s Ashfield
Real estate experts and brothers Michael and Andrew Simpson have partnered their third generation family business with Australia's largest real estate agency, Ray White.
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INDUSTRY NEWS
Renters being forced to give up pets to find a home
Renters are being forced to choose between keeping their pets and being able to find a place to live, with hundreds giving up their pets each year.
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INDUSTRY NEWS
ANZ cuts new customer variable rates by up to 0.50 per cent
Despite the Reserve Bank of Australia hiking the official cash rate and fixed rate loans rising, ANZ has come out and cut new customer variable rates by up to 0.50 per cent.
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INDUSTRY NEWS
WA investors to sell up if tenancy laws change
More than half of WA property investors would consider selling their rental properties should significant changes be made to WA tenancy laws.
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BTW
Luke Banitsiotis claims his third REIV Senior Auctioneer of the Year title
REIV has crowned Luke Banitsiotis as Senior Auctioneer of the Year third time running.
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INDUSTRY NEWS
Units outperform houses as buyers hunt for value
Buyers are on the lookout for more affordable housing options as rising interest rates make units more appealing.
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INDUSTRY NEWS
RBA a “near certainty” to raise rates next week
Australia’s hottest rate of inflation in 21 years means the Reserve Bank of Australia is a “near certainty” to hike the official cash rate 0.5 per cent on Tuesday, according to experts.
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