Search Results for: Darwin
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Real Estate News
CEO warns real estate industry has reached its ‘technology intersection’
Douglas Driscoll, CEO of award-winning real estate group Starr Partners, believes the real estate sector has reached its ‘technology intersection’. While innovation enables agents to automate and digitise their processes, he says it poses problems for an industry that needs to learn how to strike a better balance between implementing cutting-edge technologies and retaining the right level of human involvement. “Although…
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INDUSTRY NEWS
Property prices start to recover in Sydney and Melbourne
There are some positive signs for property prices on the East Coast as both Sydney and Melbourne have posted monthly gains for the month of June. Values in Australia’s two major housing markets were up 0.2 per cent in Melbourne and 0.1 per cent in Sydney for the month, according to the latest figures from CoreLogic’s Hedonic Home Value Index.…
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Elite Agent
Clock’s tickin’ – Qld and SA in recovery as NSW continues its decline, according to Herron Todd White
The Sunshine Coast and Bathurst are among areas sitting at the top of the property clock, bucking a trend which sees most of New South Wales in a steady decline, while much of regional Queensland begins its recovery. These are the latest insights from independent valuation and advisory firm Herron Todd White who also had some good news for much…
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INDUSTRY NEWS
Short term growth forecasts for affordable suburbs
New research by research group sellorhold.com.au has uncovered 15 affordable suburbs around Australia, where they say buyers are tipped to make at least $50,000 in three years after offloading underperforming properties elsewhere. Head of Research Jeremy Sheppard said low growth forecasts were common in a number of suburbs in Darwin and Perth, which means that investors would likely be better…
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Real Estate News
Housing downturn losing steam: CoreLogic
The CoreLogic May 2019 home value index results have shown national dwelling values were down 0.4 per cent, the smallest month-on-month decline since May 2018. Although at a broad level dwelling values are still trending lower across the regions of Australia, the pace of declines eased further in May, continuing a trend that has been evident since the beginning of…
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Real Estate News
Raine & Horne welcome Newcastle mega-office
Raine & Horne has welcomed three independent Newcastle offices in Mayfield, Wallsend and New Lambton. In combination, the three offices have sold 6,000 properties since 2001. Raine & Horne Executive Chairman Angus Raine said the Newcastle mega-office is also one of the region’s foremost property managers, managing 1,500 rental properties. “Strategically, the Hunter is among our fastest growing regional growth…
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Real Estate News
Median house price rise in Darwin: Raine & Horne
Upgraders in the Northern Territory are driving up Darwin’s median house price. Raine & Horne Darwin reports inner Darwin suburbs such as Moil, The Narrows, Wagaman, and Alawa are attracting Darwin upgraders looking for proximity to the city’s beaches but at a discount to prices expected for waterfronts in Fannie Bay and Nightcliff. “There was a fall in Darwin’s sales…
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Real Estate News
Northern Territory triumphs in Transform/19
‘Transform’ is Elite Agent’s premier education program – a 30-day opportunity for real estate professionals to improve their careers and be coached by the best in the business. More than 100 agents with various levels of experience participated in the 2019 challenge, from novice auctioneers to experienced agents and agency leaders. Challengers are awarded points along the way for completing…
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Real Estate News
The worst could now be behind us: CoreLogic
CoreLogic has released the home value index results for April 2019, confirming that the decline in home values has lost some momentum over recent months. Dwelling values across Australia continued their downward trajectory in April, falling by half a per cent over the month to be down -7.2 per cent over the past twelve months, and -7.9 per cent lower…
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Real Estate News
REIWA continues to push for Perth City Deal
REIWA is calling on all parties contesting the federal election to commit to prioritising a City Deal for Perth, if elected. REIWA President Damian Collins said since the Federal and Western Australian Governments signed a Memorandum of Understanding (MOU) to negotiate a City Deal for Perth back in April 2018, there has been no action. “We’ve been waiting for Perth’s…
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Elite Agent TV
Strong demand and low unemployment provide a positive property outlook
The latest property outlook from realestate.com.au indicates that the current market downturn is ‘far from the worst we’ve experienced’. Some uncertainty for buyers and sellers will continue in the lead up to the Federal Election whereby a Liberal win should see stability for the market, but a change in government would continue to see values fall along with above market…
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Real Estate News
Rent yields across Australia rise over the first quarter of 2019: CoreLogic
The first CoreLogic Quarterly Rental Review for 2019 has been released, with results showing a national increase in yields over the past three and 12 months. According to CoreLogic Research Analyst Cameron Kusher, gross rental yields for the first quarter are at 4.10 per cent compared to 3.95 per cent in the previous quarter and 3.77 per cent a year…
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Real Estate News
Budget 2019 focused on a strong economy
Prime Minister Scott Morrison and Federal Treasurer Josh Frydenberg handed down the Federal Budget last night. With a Federal Election on the horizon, the centrepiece of the budget was a cash rebate pitch to middle income earners and no changes to taxation legislation this side of an election. It’s the second year in the row there was no mention of…
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Real Estate News
New appointment for McGrath strengthens Victorian proposition
McGrath Estate Agents has announced Karl Secondis will join the group in the newly created role of State Manager for Victoria, as the company looks to grow its footprint in the state. Mr Secondis, who previously held roles with Ray White Darwin and One Real Estate Darwin, called this move a natural progression for him. “I’ve always been inspired by…
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Real Estate News
Housing downturn loses some steam: CoreLogic
CoreLogic’s latest home value index results show the pace of declining property values in March eased relative to the past four months. Head of Research at CoreLogic, Tim Lawless, confirmed that the 0.6 per cent drop in March was the smallest of the month-on-month declines since values fell by 0.5 per cent in October last year. However, Mr Lawless noted…
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Real Estate News
Canberra takes the mantle as Australia’s most liveable city
Melbourne has for many years been regarded as Australia’s most liveable city. However, new data from realestate.com.au and Ipsos reveals that, when it comes to how residents actually feel about where they live, Canberra comes out on top. The realestate.com.au Life in Australia report, powered by Ipsos, is the nation’s largest annual ongoing study of community values and liveability. The…
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Real Estate News
Gawler triumphs at First National SA/NT awards
The awards recognised the best of First National’s SA/NT agents throughout 2018, with the top 10 individuals and offices now competing for national GEM Awards, which hold the chance of an expenses paid trip to the National Association of Realtors conference in San Francisco this November for top 10 national winners. Acting SA/NT State Chair, Zeta Bennett, says the results…
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Real Estate News
How property values impact economic growth
Here’s a breakdown of the minutes from that meeting and how different economic factors may affect the property market. With respect to GDP and economic growth, the attendees noted that The September quarter national accounts were released the day after the December meeting, with figures showing that growth in real GDP of 0.3 per cent in the quarter and 2.8 per cent over…
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INDUSTRY NEWS
CoreLogic’s January Home Index shows continued falls
CoreLogic’s January home value index shows the property market in Melbourne and Sydney continued to fall, with all capital cities apart from Canberra recording a month-on-month fall in dwelling values. CoreLogic’s hedonic home value index shows a further 1.0 per cent decline in national dwelling values over the first month of 2019, taking the cumulative decline in Australian dwelling values…
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Real Estate News
Market likely to correct, not crash, in 2019 says realestate.com.au
Today realestate.com.au launched its quarterly Property Outlook – January 2019 report (October to December 2018), analysing more than 80 million property searches. While the worst may not be quite over for Sydney and Melbourne, conditions remain highly variable across the country, year-on-year declines in Melbourne (-1.48%) and Sydney (-5.93%) look to be far less severe than many are reporting. Hobart,…
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INDUSTRY NEWS
CoreLogic reveals best performing suburbs for 2018
CoreLogic has released their Best of the Best report for 2018, revealing the suburbs which performed best as the property market slowed. At a macro level, CoreLogic research analyst Cameron Kusher describes the property market conditions for 2018 as ‘slowing quite rapidly’. Digging beneath the surface, his analysis found that the market conditions are now somewhat of a mixed bag,…
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EPM: Best Practice & Legislation
Preparing for bushfire season: Sharon Fox-Slater
Bushfire season has just begun, but already there have been devastating fires across New South Wales, in Queensland’s Far North, near Darwin and in Western Australia’s Kimberley region. And as spring moves into summer, many other parts of the country will also brace for fires. For agents managing rentals in bushfire-prone areas, it is time to make sure your landlord…
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INDUSTRY NEWS
Majority of NSW markets in decline as SA and QLD heat up in October 2018: Herron Todd White
The October 2018 issue of the Month In Review report from independent property valuation and advisory firm Herron Todd White shows that the majority of markets in New South Wales are either at their peak or declining, while Brisbane and Adelaide are still on the rise. Residential According to the firm’s Residential Property Clock, NSW’s North Coast region, including Coffs…
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OPINION
Why your buyers are being slugged with higher rates: Nick Bendel
Interest rates are rising. In the past few weeks, ANZ, Commonwealth Bank and Westpac have hiked their rates. So have ING, Suncorp Bank and Adelaide Bank. Your buyers might find this hard to accept, given that the last time the Reserve Bank increased the official cash rate was in November 2018 – almost eight years ago. If your buyers ask…
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SELLING + MARKETING PROPERTY
Make your profile stand out in the digital world
Hands up if you’re a sheep and follow what everyone else does… Just kidding: sheep don’t have hands! The relevance of that bad joke is that if you just do what everyone else does all the time, you’re not going to stand out. It’s a good segue to the story of our own digital marketing product. Like many in the real…
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INDUSTRY NEWS
ANZ and CBA follow Westpac in home loan rate hike
Following last week’s announcement from Westpac that they would be raising their variable home loan rates by 14 basis points, ANZ and the Commonwealth Bank have announced they will raise rates by 16 and 15 basis points respectively. “The latest interest rate hike from ANZ and the Commonwealth Bank comes as no surprise after Westpac opened the floodgates earlier. The big…
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FRANCHISE NEWS
Ray White South Australia and Northern Territory celebrates its 2018 winners
Almost 500 guests attended the annual Ray White South Australia and Northern Territory state awards at the Adelaide Entertainment Centre on Friday 31 August to celebrate the achievements of the top offices and individuals throughout the network. Ray White SA CEO Matt Lindblom said the network had a record number of Chairman’s Elite members this year, which was a credit…
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INDUSTRY NEWS
August 2018: Interest rates on hold, Industry reaction
Yesterday (7th August 2018) the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 22nd consecutive meeting. “Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low,” says RBA Governor Dr Philip Lowe. “Housing credit growth has declined to an annual rate of 5 1/2…
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INDUSTRY NEWS
Residents say ‘goodbye’ to capital city suburbs
Long-time residents are moving away from capital city suburbs, with many shifting to regional Australia, according to analysis by buyers’ agency, Propertyology. A deep dive by the firm into ABS data revealed tens-of-thousands of big city residents are deciding it’s time to move on to areas such as Bendigo, Cairns, Tamworth and Wodonga. The numbers uncovered 33 regional locations where…
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INDUSTRY NEWS
Global cities record weakest price growth since 2015: Knight Frank
According to the latest Global Residential Cities Index from Knight Frank, despite the global economy’s strong performance, property price growth is restrained, with urban prices rising at their slowest rate since the third quarter of 2015. The Global Residential Cities Index tracks movement in average residential prices across 150 cities around the world. A year ago the report saw 12…
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INDUSTRY NEWS
Hobart surges as Sydney suffers in new property outlook report
The growing divide between Australia’s property markets has been highlighted again in a new report from realestate.com.au. The latest Property Outlook Report shows that while prices across Australia have risen 0.9 per cent on average, that figure does little to highlight the growing differences between the major capital cities. Data from realestate.com.au and CoreLogic shows that while the Sydney and…
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Elite Agent TV
National Auction Round Table Part 5: Becoming an Auctioneer
Other videos in this series TRANSCRIPT Steve Carroll: What’s the difference between an ordinary auctioneer and a very, very good auctioneer? James Bell: I think understanding the dynamic of buyer and seller. I feel blessed that I’ve had the ability to have sold in our industry for 18,-19 years, and be an auctioneer that has sold and can read buyer-pattern movement, things like…
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INDUSTRY NEWS
Rents still on the rise, but the pace has slowed
According to the latest Quarterly Rental Review from CoreLogic, rents are still on the rise, but at a slower pace than they were 12 months ago. The June 2018 report tracks median rents across the capital cities and region for the second quarter of the year and shows a general slowdown in the rate of rental growth. Historically the second…
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INDUSTRY NEWS
Values continues to trend lower in June as investor activity continues to fall
CoreLogic has released its June home value index results which show, at a national level, values fell for the ninth consecutive month in June, taking national dwelling values 1.3 per cent below their September 2017 peak. The results revealed that Australian dwelling values tracked lower in June, down 0.2 per cent over the month to be 0.8 per cent lower…
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INDUSTRY NEWS
New report reveals first home buyer hotspots
Domain has released its First Home Buyers Report, revealing the locations offering the quickest path to purchase (based on time to save a 20 per cent deposit) and the lowest entry prices for first home buyers across Australia’s capital cities. “The report aims to make it easier for home hunters to determine the areas that offer the most promise based…
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