Search Results for: Darwin
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Real Estate News
Where are the strongest yields for investors: Herron Todd White
While new investors are almost always initially drawn to the potential for a property to generate significant capital gains, savvy investors have long been on the hunt for yield. Generating cash flow through strong rental returns might not be as exciting as picking the next hotspot, but it forms a strong foundation for many investors in the current market, given…
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National
House prices are booming again in Melbourne and Sydney
House prices across the nation have seen their biggest jump since March of 2017 in what is a return to boom times for many capital cities. Once again Sydney and Melbourne led the way, both jumping 1.7 per cent for the month of September, while Canberra was the other strong performer leaping 1 per cent, according to the latest data…
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Real Estate News
Resellers continue to see healthy profits
Resellers of homes continue to make healthy profits right across the nation, with 9 out of 10 properties making their owners a profit when resold. According to the latest Corelogic Pain and Gain Report, 87.1% of properties resold in the June quarter achieved a higher sale price compared to their original purchase price. As has been the case recently, it…
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Real Estate News
2019 REIWA Awards for Excellence winners announced
The Western Australian real estate industry’s best were recognised this evening at the prestigious 2019 REIWA Awards for Excellence, held at Crown Perth. REIWA CEO Neville Pozzi said the Awards were a unique opportunity for the Institute to acknowledge those WA real estate professionals who demonstrate excellence in their chosen careers, which have a positive…
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Real Estate News
ACT Real Estate celebrates 25 years of awards for excellence
The ACT real estate sector celebrated its achievements for the past year with a Gala Dinner at the QT Hotel on Saturday night. A crowd of over 320 were present to acknowledge the outstanding performances of the industry’s elite. “In 1995 the Institute held its first Awards for Excellence and presented nine awards, this year we presented 30 awards,” REIACT…
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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 been having in our major…
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Real Estate 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 country, dwelling values increased by…
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Elite Agent
HTW Market Wrap: Sydney and Melbourne bottom out
The national property market continues to be a tale of very different states and cities, with some strength in areas like Canberra and Hobart, and clear weakness in Sydney and Melbourne. The positive news for property owners is that the latest commentary from national valuers Herron Todd White is that both Sydney and Melbourne are approaching the bottom with their…
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Elite Agent
Property prices continue to turn the corner
There are more positive signs for property prices across the country as the latest data from CoreLogic suggests the market is moving into a recovery phase. This is the second straight month that prices have ticked higher in both Sydney and Melbourne as the positive sentiment in the market continues to improve. Since APRA reduced the buffer rate on borrowers,…
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Real Estate News
Housing affordability best since 1999
Housing affordability is the best it’s been in 20 years, according to the latest HIA figures. HIA Senior Economist Geordan Murray said the figures, gathered from the HIA Affordability Index for the June 2019 quarter, are thanks to a combination of lower home prices, improvements in wage growth and lower interest rates. “For a home buyer with an average income purchasing…
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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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