COVID19 updates and real estate resources

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Auctions go back online for some suburbs in Victoria

Public auctions and open for inspections have been taken off the agenda in Melbourne's current coronavirus hotspots. While Victorian Premier Daniel Andrews has ordered the establishment of into the operation of the hotel quarantine program thought to be the cause of the community transmissions, it's a case of back to the future for the real…

How to prepare your business for the economic recovery phase

The Covid-induced recession is causing strife for thousands of businesses across the country. At the same time, it is giving businesses downtime to examine their operations and their spending, and highlight where they can make improvements. Adjusting your focus and looking ahead to the economic recovery phase may, in fact, put your business in an …

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Property management in the era of COVID-19 with guest Hannah Gill

Key points covered in this webinar: Rent reduction – There are no requirements currently, which may change if and when Government make announcements – but for now it’s really up to the tenant and landlord – through their property management – to come up with their own agreements.  There is no standard rent reduction – …

Coming out the other side of COVID-19 with Adrian Kelly

COVID-19 infection rates have drastically dropped around the country but that doesn’t mean the real estate industry can breathe a sigh of relief. In fact, some of the challenges are just beginning, REIA president Adrian Kelly believes. In this episode of the Elevate podcast, Adrian expresses concern that sales volumes are down between 20 and …

REAL ESTATE INDUSTRY NEWS: COVID19

Inhabit software launches free real estate QR check-in for open homes

Like the MiniDisc and the Beta Video, the QR code seemed destined to be another technology that never quite caught on. Then, the pandemic hit and the QR code was suddenly everywhere. The contactless nature and simplicity of the technology means it’s COVID-safe and everyone can use it. Bill Shields from Inhabit Software says he …

Trust your gut but lead with your heart: Sadhana Smiles

Sadhana Smiles was recently appointed to the role of CEO of Real Estate Industry Partners (REIP). Over the years, however, she has earned a reputation as a pillar of support for women and a champion of diversity in the real estate industry. In this episode of the Leadership Diaries, Sadhana answers some tricky questions – …

Housing markets tell a stronger tale of resilience: PM Scott Morrison

Prime Minister Scott Morrison has responded to recent data that reveals a record slump in new home loans, noting the drop was not unexpected and the Australian property sector remains resilient. Speaking on the Australian Bureau of Statistics data which indicated new loan commitments for housing dropped 11.6 per cent in May, Mr Morrison said…

Victorian lockdowns do little to dampen buyer enthusiasm

Two additional postcodes have been added to the list of locked down suburbs in Victoria, with Kensington, Flemington, Hotham Hill and North Melbourne joining the restricted areas as of midnight Saturday. They add to a lengthy list of suburbs already subject to restrictions due to a surge in Covid-19 cases in the Victorian capital. According…

Thodey report recommends land tax, not stamp duty

NSW stamp duty should be replaced by land tax, according to a recommendation of the Thodey Report, which was released today. Instigated in 2019 by NSW Treasurer Dominic Perrottet and chaired by former Telstra Boss David Thodey, one of the draft report’s key recommendations is that broad-based land tax is more efficient and equitable than…

EBM RentCover stresses importance of following rent freeze process

EBM RentCover is stressing the importance of following the government’s rent freeze process after receiving an influx of inquiries from landlords relating to COVID-19. EBM RentCover Managing Director Sharon Fox-Slater explained while there hadn’t been a notable rise in insurance claims during the past couple months, there had been a significant uptick in inquiries from …

Auctions go back online for some suburbs in Victoria

Public auctions and open for inspections have been taken off the agenda in Melbourne's current coronavirus hotspots. While Victorian Premier Daniel Andrews has ordered the establishment of into the operation of the hotel quarantine program thought to be the cause of the community transmissions, it's a case of back to the future for the real…

HomeBuilder a potential win-win across six key areas

The federal government’s new HomeBuilder scheme offers eligible Australians money to renovate or build a home. While it’s attracted controversy, HomeBuilder does offer a much-needed opportunity to make old homes more energy-efficient. Research released in March showed the energy performance of housing must improve by an average 44-48% in the next decade for Australia to reach net…

Super and first home buyer schemes restart tomorrow but are they a good idea?

Two major government schemes restart tomorrow as the new financial year begins but comparison site RateCity.com.au is warning Australians to think before they jump in. From July 1, eligible Australians financially affected by COVID-19 will be able to access up to $10,000 extra from their superannuation. Round two of the First Home Loan Deposit Scheme…

Positive signs for spending when restrictions ease

Australians who had reduced spending on items including eating out and recreational activities due to COVID-19 are expecting this to increase when restrictions ease, according to latest data from the Australian Bureau of Statistics (ABS). However, the sixth Household Impacts of COVID-19 Survey found that people who had spent less on items including household furnishings, clothing and…

Seller confidence on the up as clearance rate holds steady

Seller confidence continues to improve with the capitals reporting the highest number of auctions in nine weeks on Saturday, along with volume and clearance that exceeded this time a year ago. CoreLogic reported 1424 homes went to auction at the weekend, returning a preliminary clearance rate of 64.5 per cent. “This was the highest number…

Real estate sector focused on selling and renting safely

Real Estate Institute of Victoria (REIV) President Leah Calnan has vowed the real estate sector will continue to do everything it can to help fight Covid-19 as further restrictions were announced across Victoria. In response to an increase in cases of Coronavirus, the Victorian Government announced a return to tighter restrictions which means that crowds …

Homebuilder and infrastructure help stimulate buyer activity

The recently announced HomeBuilder grant and major infrastructure projects are attracting committed buyers to entry-level markets in Australia’s capital cities, according to Raine & Horne. HomeBuilder provides eligible owner-occupiers, including first home buyers, with a grant of $25,000 to build a new home or substantially renovate an existing home. To be eligible for the grant, a couple …

Border reopening expected to drive demand for Darwin property

Darwin homeowners and landlords are preparing for a significant surge in activity when the Northern Territory’s borders reopen on 17 July 2020, declared a local real estate expert.  Raine & Horne Darwin General Manager Glenn Grantham said even before the border announcement this week, he had received six rapid-fire bookings for a holiday rental apartment …

Boosting exposure with innovative marketing

With listings and transactions taking a hit as a result of COVID-19, agents have increasingly been looking to more innovative marketing tactics to gain exposure for their properties. Collings Real Estate‘s leading sales agent Christian Gravias has been successfully implementing a range of unique marketing strategies that have proven highly effective in the current climate. …

How to prepare your business for the economic recovery phase

The Covid-induced recession is causing strife for thousands of businesses across the country. At the same time, it is giving businesses downtime to examine their operations and their spending, and highlight where they can make improvements. Adjusting your focus and looking ahead to the economic recovery phase may, in fact, put your business in an …

Australian expats looking to buy ‘back home’ in the luxury market

Australian expats are increasingly looking to purchase property ‘back home’ as the impact of Covid-19 unfolds, and many of those are looking to buy at the higher end of the residential market, according to a Knight Frank survey. The survey, carried out amongst Knight Frank’s global network of prime agents, found 64 per cent said …

Pandemic doesn’t stop real estate professionals changing lives across the water

When the not-for-profit program Digital Live was conceived in 2017, Steve Carroll was determined to make a difference to the lives of children in need across the water. And he knew exactly who to call on to help make this vision a reality: the passionate Australian real estate industry.   Fast forward to 2020 and the …

10 High-impact, low-cost marketing ideas for real estate agents

Recent Covid-19 stay-at-home policies and lockdowns have seen many people with extra time on their hands. For example, American adults spent on average 3.5 hours per day on their phones in 2019, and the time spent on social media has increased by 20 per cent. With so many people spending time on social media, real estate agents can …

Aussies welcome return of small gatherings but big events still a concern

A little more than 60 per cent of Australians were looking forward to larger gatherings of family and friends and dining in at restaurants or cafés, but more than 70 per cent said they were uncomfortable about attending large public events, according to new data released by the Australian Bureau of Statistics. The ABS’s fifth Household…

Nine steps for keeping your office safe in COVID-19

From implementing extra cleaning of frequently touched surfaces to including your shared company cars in regular cleans, there are a lot of extra safety standards you need to consider as your team settles back in at the office. National anti-viral sanitisation company Cleancorp has been inundated with inquiries since the beginning of the pandemic, and …

If it were Day 1 in real estate again… what would you do differently?

Coming out of the COVID-19 crisis is the perfect time to adopt a “learner mentality” and treat things as though it’s your first day in real estate, a top sales director says. Speaking as part of a Transform 2020 Leadership Lesson, The Agency’s Thomas McGlynn says too often agents think they know it all and …

Inner Sydney vacancies hit 18-year high, as uncertainty continues to impact residential rental market

The REINSW Vacancy Rate Survey results for May 2020 reveal that vacancies continue to rise across much of New South Wales as Covid-19 disruption continues to impact the residential rental market. Vacancies in Sydney increased for the third consecutive month and now sit at 4.1 per cent, up 0.3 per cent from April and 1.1 …

REIA welcomes Federal Government Housing Stimulus package

The Real Estate Institute of Australia has welcomed the Government’s announcement of the ‘HomeBuilder’ package to support the residential building sector by providing assistance to owner occupiers to build new homes and renovate existing ones. “The REIA believes that the Federal Government’s announcement of the HomeBuilder scheme today will be a massive boost to the employment of …