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BTW
RE/MAX adds diamond event to foster collaboration among network’s elite performers
Alex Jordan, Adrian Oddi and Chelsea Pottenger all spoke at the event offering their unique insights. The Announcement: RE/MAX Australia held its inaugural Diamond Event at the Calile Hotel, Fortitude Valley, on 21st April, with invitations extended exclusively to the network’s 24 Diamond, seven Double Diamond and sole Triple Diamond achievers. Managing Director, Joel Davoren, said he introduced the event to…
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INDUSTRY NEWS
Richard Simpson elected new REIV president
The Board of the Real Estate Institute of Victoria (REIV) has elected respected real estate agent Richard Simpson as its president, through to October 2022.
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INDUSTRY NEWS
Vacancy rates remain at record low levels
The national vacancy rate remains at a record low 1 per cent with all capital cities continuing to operate in a “landlords’ market” according to a new report.
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INDUSTRY NEWS
WA the most affordable for first home buyers
Perth has been named the most affordable capital city for first home buyers, with regional Western Australia taking the title of most affordable area in the country, according to a new report.
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INDUSTRY NEWS
Labor looks to cut the cost of a mortgage by up to $380K
The Labor Party has announced its intentions to introduce a new shared-equity housing scheme that could help shave up to $380,000 off the cost of a home.
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INDUSTRY NEWS
Rising CPI suggests more affordability worries ahead
The highest inflation in 30 years suggests housing affordability is going to continue to decline, according to an industry body.
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INDUSTRY NEWS
Home prices stalled in April as rate hikes loom
Property prices stalled nationally last month with values seeing their smallest increase since May 2020 and the onset of the pandemic, according to new data.
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INDUSTRY NEWS
Propic acquires Property Realm to create intelligent AI platform to ease stress levels
Australian real estate PropTech innovator, Propic has acquired Property Realm in a move it says will “unapologetically disrupt” the real estate industry.
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INDUSTRY NEWS
Queensland vacancy rates hit record low levels
Vacancy rates across Queensland have dropped dramatically with several areas recording rates under 0.1 per cent.
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BTW
Hockingstuart launches new property development division
Raymond F de Weerd and Marc Raiti are thrilled to be partnering with well-known brand Hockingstuart and are excited about the opportunities the union presents. The Announcement: Victorian real estate group, Hockingstuart has announced its move into the property development space with the launch of Hockingstuart Land | Projects. The new division will be led by industry stalwarts, Raymond F…
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BTW
REIWA 2022 Awards for Excellence winners announced
The Kevin Sullivan Memorial Award was bestowed on Neville Pozzi for his outstanding contribution to the Western Australia real estate industry over the past 45 years. The Announcement: More than 400 Western Australian real estate professionals gathered for the Real Estate Institute of Western Australia’s 2022 Awards for Excellence at Crown Perth on Thursday 28 April. REIWA Chief Executive Officer…
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INDUSTRY NEWS
Record inflation to keep pressure on households
The latest CPI figures shows inflation has risen to 5.1 per cent, putting increased pressure on mortgage holders and households according to experts.
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INDUSTRY NEWS
Three of the big four banks predict a May rate hike
The big four banks continue to bring forward their cash rate rise predictions, with three of the majors now forecasting the official cash rate (OCR) will increase next week, with more hikes “imminent”.
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INDUSTRY NEWS
The AI tech that powers agents across the nation
Artificial intelligence has been the buzzword for a decade and whilst other industries are advanced in its applications, the real estate industry is no longer a laggard as more and more agencies leverage this technology.
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BTW
LJ Hooker Property Hub recruits leading prestige agent
LJ Hooker Property Hub, and strengthen the brand's position in the Gold Coast hinterland.
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INDUSTRY NEWS
Property boom losing momentum – Sydney price growth ‘flatlining’
The rate of property price growth in Australia has dropped dramatically in the first three months of the year, new data reveals.
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SUPPLIER NEWS
The Agency records 26 per cent growth in revenue
The Agency has reported improved financial and operational results for the March quarter, with its total revenue up 26 per cent on the same quarter in the 2021 financial year.
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INDUSTRY NEWS
Slowdown arrives for New Zealand’s hot property market
New Zealand’s overheated property market looks to be slowing down thanks to rising interest rates and lower demand according to a new report.
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BTW
New network manager to support Raine & Horne’s Queensland expansion
Raine & Horne has recruited experienced property specialist Ken Baker as its new network manager in Queensland. The Announcement: Leading real estate brand Raine & Horne has landed a major score with the appointment of experienced real estate professional Ken Baker as its new Network Manager in Queensland. Steve Worrad, General Manager, Raine & Horne QLD, who helped recruit Mr…
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FRANCHISE NEWS
Sunshine Coast trio launch boutique brand to capitalise on their reputation
A Sunshine Coast team of three to has capitalised on more than 40 years of real estate experience and launched their own business, Walker & Rigby powered by UrbanX.
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INDUSTRY NEWS
Propic appoints head of innovation amid record growth
PropTech Artificial Intelligence pioneer Propic has appointed former McGrath Head of Martech Ryan Campbell as Head of Innovation, as it records significant Australian market growth and seeks to push into international markets.
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INDUSTRY NEWS
Victoria most affordable for average income earners
Victoria dominates the list of most affordable properties for buyers on average salaries, according to new research.
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INDUSTRY NEWS
Inside Australia’s home of the year
JW Constructions in Queensland has won the HIA-CSR Australian Home of the Year award for a beautifully designed home that showcases open-plan living at its best.
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FRANCHISE NEWS
Ray White Surfers Paradise grows its leadership team
One of Australia’s most successful real estate agencies has added a new generation of leadership to ensure its continued success as it begins its fourth decade of operation.
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INDUSTRY NEWS
Geelong leads pandemic population surge
Geelong saw the largest population increase during the pandemic as homebuyers sought out more space and an escape from the city.
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BTW
New LJ Hooker office opens in booming regional Queensland market
LJ Hooker has further expanded its network along Queensland’s Capricorn Coast with the opening of LJ Hooker Agnes Water.
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BTW
High-performing Sydney agents announced as Pello partners
Leading Sydney real estate agents Alex Mintorn and Michael Dowling have joined the partnership team of premium new real estate agency Pello, headed by founder and Group CEO Stefon Bertram. The Announcement: Pello, Australia’s newest premium real estate agency, today announced that leading Sydney agents Alex Mintorn and Michael Dowling have joined its partnership team. Alex and seven of his established Upper…
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INDUSTRY NEWS
Sentiment remains high despite softening property prices
Confidence in the real estate market remains high despite slowing growth in property prices, according to a new survey.
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BTW
Property Council welcomes easing of COVID close contact settings
The Property Council of Australia has welcomed the NSW Government's decision to end isolation requirements for close contacts, provided they have no symptoms and comply with relevant health guidelines.
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INDUSTRY NEWS
Rental demand continues to soar as availability falls to lowest level in more than a decade
Near record demand and the lowest level of availability in almost 20 years is propelling a tough rental market, new analysis shows.
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INDUSTRY NEWS
Foreign investment in Australian commercial property doubles
Foreign buyers continue to be active in both buying and selling Australian commercial assets according to a leading expert.
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INDUSTRY NEWS
Perth’s bargain suburbs under $375,000
Despite Perth seeing a strong 12 months of property price growth, it’s still possible to find bargain buys close to the CBD according to REIWA.
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BTW
New leadership duo for Belle Property Mosman
Matthew Smythe and Mark Jackson have taken on leadership roles at their fourth Belle Property office, Belle Property Mosman. The Announcement: Belle Property has announced that veteran lower north shore market experts, Matthew Smythe and Mark Jackson, will lead the brand’s well-established and highly successful Mosman office. Matthew and Mark are also the co-principals of three other high-performing Belle Property…
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INDUSTRY NEWS
What’s driving the housing markets: HTW
Demand for residential property remains strong, however, the rate of growth is slowing according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
First Home Guarantee Scheme might not help all first-time buyers
While the First Home Guarantee Scheme has been expanded to help more first home buyers enter the property market, a leading expert believes many purchasers will not be in a position to access the increased financial caps.
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