Nicole Madigan
-
FEATURE INTERVIEWS
Where are they now? Part 2: Joel Davoren and Lauren Kirk
In this second article in a two-part feature that looks at where the stars of the first ever Elite Agent Magazine are now, we speak with Joel Davoren and Lauren Kirk …
Read More » -
FEATURE INTERVIEWS
Where are they now? Part 1: David Highland and Paul Signorelli
To celebrate the 40th edition of Elite Agent magazine last year, we thought we'd catch up with a few of the stars of the first issue including David Highland and Paul Signorelli. …
Read More » -
INDUSTRY NEWS
Layla Foord joins Rexlabs as new COO
Product specialist Layla Foord will join Rexlabs as its new Chief Operating Officer, leading the team’s product, marketing, people, and culture initiatives. …
Read More » -
INDUSTRY NEWS
Listen to podcasts, log your CPD and mark your favourites: Elite Agent launches a new app
Here we are, already in 2022, and if you haven’t downloaded Elite Agent’s new app, now’s the time to do it. This app is a one-stop shop for savvy real estate agents, offering a wide range of features, and a place to keep all your favourites in the one place in the palm of your hand. Perhaps most importantly, the Elite Agent app enables you to complete your CPD if you’re a Class 1 or Class 2 agent in New South Wales, …
Read More » -
NEWS
December report reveals tight rental conditions
Rental conditions remain tight, with further strain expected as borders reopen, according to Domain’s latest Rental Vacancy Report. …
Read More » -
INDUSTRY NEWS
Australia’s top-selling suburbs revealed
New South Wales is home to almost all of the top-selling suburbs for houses in 2021, according to newly released data. The data, released by PropTrack, identified the top 10 Australian locations where median prices have made the biggest percentage gains this year. Nine of those were in New South Wales, with Diamond Beach topping the list with 84 per cent growth, …
Read More » -
Celebrity Homes
Sandra Bullock lists West Hollywood condo
Hollywood actor, Sandra Bullock, has reportedly listed one of her West Hollywood condos for almost US$4.5 million. Source: realtor.com In 2014, Bullock paid US$3.55 million for the apartment, located on a high floor of the Sierra Towers and once owned by Friends star, Matthew Perry. She didn’t live in the property though, instead renting it for a reported US$22,000 per month. …
Read More » -
INDUSTRY NEWS
Homebuyers lose $60k deposit to scammers
A young couple has lost more than $60,000 in home deposit savings, after falling victim to a business email compromise scam. This type of scam – which commonly targets homebuyers – has seen a rapid rise in recent years, with the number of cases jumping from 900 in 2019, to 1300 last year, according to The Daily Telegraph. Luke and Tiffany Hale, …
Read More » -
Celebrity Homes
The biggest celebrity deals of 2021
It’s been another big year in the world of real estate, and celebrities have been no exception, with a number of eye-watering transactions taking place in 2021. …
Read More » -
INDUSTRY NEWS
The growing hotspot for prestige homes
The number of prestige homes sold in Brisbane has more than tripled since 2019, with 38 homes sold in 2021 for between $5 million and $20 million. …
Read More » -
QLD
REIQ slams Queensland Government’s land tax regime
The Real Estate Institute of Queensland has accused the Queensland State Government of ‘dipping into the piggy bank of property owners’, with its new land tax regime. The REIQ said it was a slap in the face to the very sector that was propping up the economy. The announcement comes off the back of soaring stamp duty revenue, with $5.38 billion in transfer revenue received this financial year. …
Read More » -
INDUSTRY NEWS
Australia’s record-breaking year in real estate
Following an extraordinary 2020, this year has seen Australia’s residential housing market experience unprecedented growth, thanks to continued momentum. Last year’s momentum, combined with monetary and fiscal stimulus measures, has propelled the market, pushing its value to record highs, according to CoreLogic’s annual Best of the Best Report. CoreLogic’s Head of Research Eliza Owen said the estimated value of Australia’s residential real estate had gone from $7.2 trillion at the end of November 2020, …
Read More » -
INDUSTRY NEWS
Melbourne climbs its way to the top as one of the world’s ‘hub cities’
Melbourne has achieved the world’s largest gain in rank in the Heitman Real Estate Securities Group’s annual real estate rankings, while Sydney ranked in the top 10. This year’s Global Prime Real Estate Securities rankings were topped by London, New York, Paris, and Tokyo, with the top four cities retaining their spots from the 2020 ranking. Melbourne, which benefitted from capital flows and investment into the city throughout the lockdown period, …
Read More » -
INDUSTRY NEWS
Home owners are happier than renters, research shows
The Great Australian Dream is a concept as old as time, and new research has now confirmed owning your own home could in fact be the key to happiness. According to Finder’s Consumer Sentiment Tracker, a nationally representative survey of more than 30,000 respondents, those who rent report lower levels of happiness and higher levels of money stress than homeowners.On average 83 per cent of homeowners report being happy, …
Read More » -
INDUSTRY NEWS
Confidence high as property industry ready for economic recovery
Confidence in Australia’s property sector has hit its highest point since March 2018, with the industry gearing up for a strong economic recovery in 2022, according to the ANZ/Property Council latest survey. The Confidence Index rose 12 points nationally in the December quarter, off the back of substantial confidence boosts in the ACT (33 point increase), Victoria (25 point increase) and NSW (9 point increase) as the jurisdictions reopened.Property Council of Australia Chief Executive Ken Morrison said the results painted a positive picture for a strong economic rebound for Australia next year.“The sentiment in this survey is clear: The property industry – …
Read More » -
Celebrity Homes
Leonardo DiCaprio buys $10M luxury home
Known for his active participation in the luxury property market, Hollywood heartthrob Leonardo DiCaprio has snapped up yet another multi-million dollar mansion. …
Read More » -
INDUSTRY NEWS
House prices rise at the highest rate in 20 years
Australian house prices have increased by 23.4 per cent over the past year, the highest rate of growth in 20 years, according to recent Real Estate Institute of Australia’s (REIA) figures. The REIA’s Real Estate Market Facts report revealed this was the first time since June 2002 that the annual increase had been higher than 20 per cent. REIA President Adrian Kelly said over the September quarter, …
Read More » -
Celebrity Homes
Sean ‘Diddy’ Combs’ former home hits the market
The LA mansion that once belonged to Sean Combs, otherwise known as Puff Daddy, P.Diddy, Puffy and Diddy, has hit the market for US$14.5 million. Combs lived in the five-bedroom, six-bathroom, Beverly Crest property from 2008 until 2013, according to TopTenRealEstateDeals. The 2004-built, three story home has been recently updated, with dramatic views from almost every angle and a kitchen on the middle floor. …
Read More » -
INDUSTRY NEWS
Six out of eight capital cities deemed ‘affordable markets’
Despite an unprecedented property boom in 2021, new research reveals house prices across most of the country are ‘undervalued’ – suggesting positive signs of housing affordability. But Sydney and Melbourne house prices have now exceeded the affordability threshold. The data, compiled by InvestorKit, analysed housing affordability through home loan serviceability – the ability to make repayments on a loan – combined with market pressure analysis. …
Read More » -
INDUSTRY NEWS
Almost two-thirds of borrowers use mortgage brokers
As competition ramps up within the lending space, more buyers are seeking the services of mortgage brokers to help them fully understand their options. Mortgage brokers accounted for almost 67 per cent of mortgages written last quarter, according to the latest figures from the Mortgage & Finance Association of Australia (MFAA). The result is 6.8 per cent higher than the previous record of 60.1 per cent market share achieved in the September 2020 quarter, …
Read More » -
INDUSTRY NEWS
Market Buy introduces immediate deposit transfer
Market Buy’s new direct deposit function is helping agents keep their deals together in a market where single buyers are submitting offers across multiple properties. …
Read More » -
INDUSTRY NEWS
Nerida Conisbee’s top seven predictions for 2022
Since the start of the pandemic, Australian house prices have skyrocketed, rising by almost 24 per cent and remaining at record highs. Until now, prices have continued to rise. According to Ray White Chief Economist, Nerida Conisbee, growth over the past three months has been higher than the previous three. But while on most metrics, there is little evidence of a significant slowdown, …
Read More » -
Elite Agent
6 metre wide Darling Point home sells for $15.5M in just nine days
Sydney’s skinniest harbourfront home, previously owned by the late Lady Susan Renouf, has sold for $15.5 million, snapped up by a Melbourne couple before its February 12 auction date. At just six metres wide, the Darling Point residence was only listed for sale on December 3, according to realestate.com.au. CoreLogic records show the last time the property sold, in June 2014, …
Read More » -
INDUSTRY NEWS
First Home Loan Deposit Scheme issues more than 4600 new guarantees
Aspiring first home buyers are being urged to secure their place in the First Home Loan Deposit Scheme (FHLDS) before Christmas, with the release of more than 4600 new guarantees. …
Read More » -
Celebrity Homes
Leonardo DiCaprio lists home bought from Moby for US$5.495M
Academy award winning actor Leonardo DiCaprio has listed the home he bought from music superstar, Moby, who extensively renovated the 95-year-old property. …
Read More » -
INDUSTRY NEWS
The neighbourhood that’s going to get 100 3D-printed homes
One of America’s leading homebuilders is joining forces with a construction technologies firm to build the country’s largest community of 3D-printed homes in Texas. Lennar and ICON are breaking new ground with the development of the 100-strong community, codesigned by the acclaimed architecture firm, BIG-Bjarke Ingels Group, using ICON’s innovating robotics, software, and advanced materials. ICON’s 3D printing technology produces resilient, …
Read More » -
NEWS
Australia’s most popular investment location revealed
Remote and borderless investing has been supercharged by COVID-19, with new data revealing property investors have doubled the distance between where they live and why they invest, in response to the pandemic. Managing Director of MCG Quantity Surveyors Mike Mortlock said the latest Property vs. Postal survey revealed a picture of changing investor buying habits. The numbers showed the average distance between a landlord’s home and their investment property had risen from 294km to 559km over the pandemic period. …
Read More » -
NEWS
Listings soar as sellers get moving before Christmas
Property listings are skyrocketing in the lead up to Christmas, with November numbers surging to multi-year highs. REA Group’s PropTrack Listings Report for December showed sellers scrambling to make up for lost time, despite November typically being a little seasonally slower than October. PropTrack Economist and report author, Angus Moore, said property market activity continued to soar in November as sellers made up for lost time after lockdowns. …
Read More » -
INDUSTRY NEWS
NZ property market set to shift in 2022
A switch to a ‘buyer’s market’ is on the cards for New Zealand during the second half of 2022, according to CoreLogic’s latest Market Pulse. But buyers might have to work a little harder to secure finance, according to CoreLogic NZ Chief Property Economist Kelvin Davidson. “For some time now, the tight supply of listings on the market, set up against strong demand fuelled by low mortgage rates and abundant credit availability, …
Read More » -
NEWS
REIWA’s 2022 predictions for Perth’s housing market
Perth house prices will rise a further 10 per cent in 2022, according to REIWA’s latest figures, which show Western Australia’s strong property market is set to continue. The prediction comes off the back of a strong 2021 that saw Perth’s property prices rise by 14 per cent. REIWA President Damian Collins said despite the strong price growth recorded in 2021, …
Read More » -
INDUSTRY NEWS
Vacancy rates hit multi-year low in ‘landlord’s market’
It’s a landlord’s market, according to Domain’s latest Vacancy Rate Report, which showed the national rental vacancy rate at a multi-year low for the second consecutive month. November recorded national vacancy rates of 1.5 per cent, and showed rental prices were expected to increase with the opening of international borders bringing in a wave of new renters, according to the report. …
Read More » -
INDUSTRY NEWS
Will house prices double by 2032?
It’s often claimed that house prices double every 10 years, which is a good thing for investors, but would pose a significant challenge when it comes to housing affordability over the next decade – particularly given how much prices have risen since the start of the pandemic. But is it true? According to Ray White Group Chief Economist Nerida Conisbee‘s latest economic statement, …
Read More » -
INDUSTRY NEWS
Why your contractor could be putting your business at risk
While many high performing sales agents prefer to be hired as contractors, rather than employees, the vast majority of contractor agreements leave agencies open to liability, should the relationship end. …
Read More » -
INDUSTRY NEWS
How Australia’s borders reopening will impact renters
Australian renters can expect to be hit with dramatic price rises as the nation’s borders reopen, according to experts. In this month’s Finder RBA Cash Rate Survey, 37 experts and economists weighed in on future cash rate moves and other issues relating to the economy, with 73 per cent predicting rental prices will rise sharply as Australia opens its international borders. …
Read More » -
FRANCHISE NEWS
Another win for Area Specialist, as top performer joins the network
Former Harcourts top performer, Marcus Washington, is the latest big name to join the Area Specialist real estate network. …
Read More »
