Rowan Crosby
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Elite Agent
Weekly Auction Wrap: Has the clearance rate topped out?
While it was another strong weekend across the country for auctions, we’ve had the first downtick in a number of weeks, which could signal that the surge in the clearance rate is starting to ease. Over the weekend, the latest Corelogic data has shown 75.7 per cent of homes sold at auction across the country,…
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Industry News
PropertyGuru planning Australian IPO
Southeast Asian online realtor PropertyGuru Group is said to be planning to list on the ASX in the coming months. PropertyGuru operates real estate classifieds sites in Asia as well as a number of other property related businesses. The company is one of Southeast Asia's leading online property groups and operates in Singapore, Vietnam, Thailand,…
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Industry News
Regional areas record strongest rental yields
Australia's regional areas have once again proved they are the best source for strong rental yields, with one Queensland country town recording a rental return of 11.7 per cent, according to the latest report from Corelogic. The Corelogic top rental performers report identifies the top 100 suburbs where houses or units have an estimated gross…
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Elite Agent
Weekly Auction Wrap: The buyers keep coming as spring arrives
The traditional spring selling season has officially begun, but it's still the buyers who remain in control at auctions around the country. This weekend saw Sydney finish with a preliminary auction clearance rate of 83.1 per cent while Melbourne was also higher at 76.6 per cent. Nationally, the clearance rate was an incredibly strong 77…
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Elite Agent
How population is impacting house prices
Population movements are one of the key reasons house prices rise and fall, and according to Herron Todd White, it's not just about how how many people are moving to or from your city, but also the demographics of those people. The leading Australian valuer has studied the impact that the current population trends have…
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Industry News
Three Aussie cities make top 10 most liveable in the world
Life in Melbourne is the second best in the world, according to the latest Economist liveability survey. The Global Liveability Index saw the Austrian city of Vienna crowned the world’s best for the second year in a row, narrowly beating Melbourne. The big improver, however, was Sydney, which moved up from fifth to third. The…
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Elite Agent
The RBA leaves interest rates unchanged at 1%
The RBA has left the official cash rate unchanged at one per cent at its September meeting, however, more cuts lie ahead if global conditions continue to weigh on the economy. In a statement that largely mirrored the August update, RBA Governor Philip Lowe suggested Australia is still in for an extended period of low…
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Industry News
House prices jump across the country
Buyers are coming out in numbers in Australia’s two major cities and it was the driving force behind the first big jump in house prices that we’ve seen in many months. According to the latest data from CoreLogic, Sydney house prices rose by 1.6 per cent, while Melbourne jumped by 1.4 per cent. Across the…
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Elite Agent
Weekly Auction Wrap: Are the boom times back?
It’s been another strong weekend for auctions across the country as the clearance rate remains at boom-time highs. Sydney had a preliminary auction clearance rate of 78.9 per cent while Melbourne was also strong at 76.1 per cent. These are the same types of numbers that we were seeing in the recent housing boom in…
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Industry News
Rent.com.au improves earnings in tough market conditions
Rental property website rent.com.au has reported improved earnings for the 2018/19 financial year, amid a slowdown in the property market nationwide. The company had a net loss after tax of $2,497,183 for the year ended 30 June 2019. This was up from the previous year by 8.7 per cent, however topline revenue was lower by…
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Elite Agent
Weekly auction wrap: It’s official – clearance rate at highest level in two years
It’s been another strong result for auctions across the country as the clearance rate hit a two-year high. Again it was Sydney and Melbourne leading the charge with Sydney coming in strong with a preliminary clearance rate of 84.7 per cent, three per cent higher than last week. Melbourne was also strong with their preliminary…
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Commercial
Facebook announces pop-up cafés across the UK
In a bid to help users better protect their privacy and to get closer to the customer Facebook has taken the interesting step announcing ‘Pop-Up Café’s’ across the UK. While free coffee will be available at the new Facebook café’s, the main goal will be to help users better understand their security options by way…
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Industry News
Weekly auction wrap: Clearance rate set for a two-year high
It was another strong weekend for auctions, with the nationwide preliminary rate sitting at a very strong 76.6 per cent. If the final clearance rate finished above 70 per cent, it will be the first time since May 2017 and a really strong sign for property prices headed into the spring selling season. Sydney led…
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National
Domain Profits Down But Upbeat About Outlook
Releasing their full-year Financial Results last week, Domain Group’s profits have fallen 30 per cent compared to last year, with the property slowdown in its major markets of Sydney and Melbourne hurting the bottom line. After an ‘extraordinary’ series of events, listing volumes around the country were down 20% to what is a 20-year low.…
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