Search Results for: The Block
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Elite Agent
Queenstown rents take a hit as tourism dries up
As average rent prices climb across New Zealand in spite of the pandemic, tourist town Queenstown has seen its rent prices plummet by 10 per cent since the same time last year. According to MBIE’s data, average rents for NZ rose by 4.8 per cent in the three months to June since the previous year. Surprisingly, rent prices in many…
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Elite Agent
Buy a private QLD island for less than $400K
If you’re the type to have your Desert Island Discs list ready and waiting in case the BBC call you up to appear on their show, then you’ve probably already considered the joys of living on a secluded island. For everyone else, Worthington Island is just a half hour boat trip from Gladstone Airport, just off the coast of the…
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Elite Agent
Survey: Aussie property investors buy an average of 300km from home
Gone are the days when property investors go and ‘kick the tyres’ themselves, so to speak. A new study by MCG Quantity Surveyors shows an abundance of Aussie-based property buyers are looking further afield for their investments, with 300km being the average distance between owners and their investment properties. Mike Mortlock, director of MCG Quantity Surveyors, analysed depreciation reports commissioned…
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Real Estate News
Auction clearance rates buoyed by a strong preliminary result across Melbourne
Auction clearance rates buoyed by a strong preliminary result across Melbourne This week’s preliminary clearance rate has come in at 65.9 per cent on the back of higher volumes than both last week and last…
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Elite Agent
Five ways to get your cash flow back in shape
Pre-pandemic seems such a long time ago. We had a set and stable economy, rules in play that we understood and had learned to abide by. In the space of a few short months we now have a new normal which has managed to turn what we have known on its head. Decimated bank accounts have been a big source…
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Real Estate News
The Hemsworth brothers plan a Byron yoga centre
It’s modest, considering the mammoth mansion that Chris Hemsworth built in Byron, but plans have been submitted for a small yoga studio to be built on a 35 hectare block the Hemsworth family bought last year, for a cool $4.25 million. The cabana will be just 58sqm, and is situated by an artificial dam the family has also built on…
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Real Estate News
Residential land purchases rose 33% in June
Housing finance figures released by the Housing Industry Association (HIA) today show that buyers returned to the market in June, reflecting both improved confidence and the announcement of the HomeBuilder scheme. While the total number of home loans still dipped well under the figures for June, 2019, there was a 9.7 per cent rise in lending to those buying established…
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GUEST INTERVIEWS
New processes, timeless strategies
This episode of the Elevate podcast is brought to you by Connect Now Have you ever wondered what success marketing looks like and how to implement it into your team? Marketing guru and real estate leader Cindy Kennedy has gone from strength to strength during COVID-19, from taking her team to the next level in digital marketing to becoming a pillar…
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Real Estate News
Britney’s hideaway back on the market
The Beverly Hills home where Britney Spears went into hiding in 2007, after divorcing her husband and becoming the target of paparazzi, is back on the market, at a cool $6.8 million. Spears lived in the house from 2007 to 2012, when she sold it at a $2m loss. The house was listed for $9 million in 2018, but did…
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Elite Agent
Housing values drop for a third month in a row
Australian housing values have suffered a third consecutive month of declines. CoreLogic’s home value index dropped 0.6 per cent over July, an ever-so-slight improvement from June’s 0.7 per cent drop, but a drop all the same. CoreLogic’s head of research, Tim Lawless, explains: “The impact from COVID-19 on housing values has been orderly to-date, with CoreLogic’s national index falling only…
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Real Estate News
Homely secures auctioneer Damien Cooley as a brand ambassador
Real estate portal, homely.com.au, has named acclaimed auctioneer Damien Cooley as their new brand ambassador. Off the back of announcing a massive partnership with 400 top real estate agents from across the country, Homely has today shared that two-time REINSW Award for Excellence in Auctioneering recipient, Damien Cooley has become their first official brand ambassador. Mr Cooley has been brought…
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Real Estate News
Inside model Gigi Hadid’s colourful house
Model Gigi Hadid may be paid millions to wear the latest in fashion, but as the furnishings in her New York apartment show an eclectic taste in home furnishings. The model has posted photos of the interior of her apartment, and it’s colourful, to say the least. “Spent all of last year designing and curating my passion project/dream spot,” she…
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Elite Agent
Rent hikes ‘inevitable’ as vacancy rates soar
While the latest CoreLogic figures show that rental prices dropped by half a per cent nationally during the June quarter, projections suggest that a hike of rent prices is inevitable. The national vacancy rate fell to 2.2 per cent over June, according to SQM research, with Propertyology finding that only four of the 52 largest cities and towns in Australia…
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Elite Agent
National rent prices fell over June quarter
National rents have fallen by half a per cent over the June quarter. New figures from CoreLogic’s Quarterly Rental Review show that, although COVID-19 was a significant factor in the drop, the rental market was already weak. Rent values dropped 0.3 per cent in the month of June, and 0.5 per cent over the entire quarter, the largest quarterly fall…
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Thought Leaders Podcast
Understand your client’s needs
This episode of the Elevate podcast is brought to you by Connect Now Do you want to go behind the scenes of how the Owner of Century 21 Australia and Better Homes & Gardens Real Estate pivoted to stay ahead of the curve in COVID-19? In this episode of the Elevate podcast, Charles Tarbey explains how the business went back…
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Real Estate News
How to turn a $35K marketing budget into $300,000
On the back of some tricky times for sales agents, marketing strategies have been playing a more important role than we’ve seen for many years. Tulo Sila, leading sales agent from Upstate on Sydney’s Northern Beaches, has started to generate some impressive results for his vendors, thanks to the ability to increase his marketing budget. Mr Sila has been utilising…
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Elite Agent
Regional house prices rise despite pandemic
While home prices in every capital city aside from Hobart and Canberra fell during the last quarter due to the continuing COVID-19 crisis, homes are rising in value across much of regional Australia. The latest Domain House Price Report shows that ‘median dwelling values’, a combination of houses and units, rose over the last quarter, albeit by 0.1 per cent.…
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Real Estate News
Victorian homes selling faster now than 12 months ago
While all the news from Victoria at the moment seems to fall firmly into the ‘doom and gloom’ category, new data from the Real Estate Institute of Victoria (REIV) paints a sunnier picture. REIV President Leah Calnan says that, despite the pandemic, residential property across the state is selling faster now than 12 months prior. The average home in Victoria…
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Real Estate News
Jon Bon Jovi flips $20m mansion, buys $43m estate a few blocks away
After a four-decade career, 130 million album sales, and tours to over 34 million people worldwide, it’s safe to say that Jon Bon Jovi isn’t living on a prayer anymore. He is also quite the house flipper. In one single day last week, he sold a Palm Beach pad he and his wife had renovated only a few months ago…
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Elite Agent
Practical ways to supercharge your creativity
In early January, just as the world first learned about Covid-19, LinkedIn released data from over 20 million job listings posted during the previous year, that revealed the five most in-demand skills for 2020. For…
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Elite Agent
Key-free locks are the new real estate must-have
Earlier this month, we wrote about the first office block in Australia to incorporate completely hands-free entry. While the developers on that high-rise had the somewhat prescient technology in the pipeline well before COVID-19 caused us all to think differently about public space, a start-up in Los Angeles is finding their hands-free offering is suddenly a hot commodity. Openpath just…
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GUEST INTERVIEWS
Run into the chaos
Want to know why you and your business should run into the chaos during challenging times?
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Elite Agent
REIV says Victorian property market holding firm
REIV President Leah Calnan says the Victorian property market has displayed true strength in holding firm against all predictions regarding the impact of Covid-19. The latest Quarterly median prices released by the Real Estate Institute…
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Real Estate News
The best suburbs for auctions
CoreLogic’s recent auction data for the June quarter showed that both the number of auctions and the clearance rate dropped significantly. But certain suburbs performed much better than others. In Sydney, the highest performing suburb was Cremorne, with 23 of 30 properties under the hammer selling, a 76.7 per cent clearance rate. Other hot areas in Sydney included Leichhardt with…
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GUEST INTERVIEWS
Moving forward through fear
Do you want to know the secrets behind honing your business to become relationship based and not just transactional? If you ask forward planner Cathy Baker, her vision of client service is building and maintaining a relationship long after the sale of a property. In this episode of the Elevate podcast, Cathy Baker explains how the Central Coast property and…
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Elite Agent
Miranda Kerr bought a historical Hunter Valley vineyard
Miranda Kerr has been revealed as the mystery buyer of QT Hotels’ $7.5m Loggerheads Estate in the NSW Hunter Valley. The 215-acre property sold for the full asking price, having last sold in 2016 to QT Hotels for $6m. The property boasts the vineyard, which spans for 10 acres, a fully-licensed cellar door wine sales outlet, a seven-bedroom residence, plus…
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Real Estate News
Rental vacancy rates dropped nationally in June
More rental properties are being filled, with the national residential rental vacancy rate decreasing to 2.2 per cent throughout June, according to SQM Research. In May, 2.5 per cent of properties were vacant, with the vacancy rate this time last year sitting at 2.3 per cent. As of June 30, there were 77,132 vacant residential properties across the Australia. In…
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Real Estate News
Samsung and Microsoft collaborate to deliver smart property management of the future
Microsoft and Samsung announced a new partnership Monday to build technology for the real estate industry. This collaboration, combining smart appliances and digital cloud technologies, aims at helping to drive improved building operations and maintenance, along with creating better experiences for both service technicians and residents. This new strategic alliance, with pilots currently under development, uses Microsoft’s Azure IoT platform and productivity…
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Real Estate News
New home loan data may suggest a slight recovery
Data released last Thursday by the ABS showed the value of new loan commitments across Australia fell by 11.6 per cent over May, representing the largest single monthly drop on record. Despite the May figure sitting $2 billion below the average lending level of the past decade, CoreLogic’s data suggests June results may indicate a recovery.As Eliza Owen, Head of…
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Elite Agent
LeBron James treats himself to a $56m Beverly Hills mansion
Since signing a four-year, A$221m deal with the L.A. Lakers in mid-2018, NBA superstar LeBron James has splashed out on three mansions in the city. His latest purchase is his most lavish yet, – a $56 million Beverly Hills pile, formerly owned by Lee Phillip Bell, creator of The Young and the Restless, and The Bold and the Beautiful, among…
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Real Estate News
Mount Panorama property surrounded by iconic race track hits the market
Imagine being able to tell people your residential address is 489 Conrad Straight, Mount Panorama. The petrol-head’s dream property has just come onto the market: 17 acres surrounded by the world-famous Mount Panorama Circuit, home to the Bathurst 1000. Despite its treacherous turns and high-octane reputation as one of the hardest tracks on earth to traverse, the Mount Panorama Circuit…
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Real Estate News
New home loans slump to lowest number on record in May
As expected, new home loans have fallen sharply in response to the COVID-19 crisis, with the latest Australian Bureau of Statistics figures indicating the value of new loan commitments for housing dropped 11.6 per cent in May. Noting this was the largest fall in the history of the series, ABS Chief Economist Bruce Hockman, said…
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Elite Agent
Creativity, innovation and relationship building: where is property management heading?
There’s no doubt that property managers have had to adapt in response to the rapidly-evolving COVID-19 situation. As far as Hannah Gill is concerned though, the pandemic has provided opportunity to accelerate some much-needed change and innovation in an industry that is “ripe for disruption”. So, what does the property management industry look like right now? According to Hannah, it…
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Elite Agent
Sophie Monk’s Gold Coast mansion up for rent
If you’re looking for a swanky bachelorette pad, or simply somewhere to watch The Bachelorette in style, Sophie Monk’s Gold Coast mansion can be yours to rent for $1200 a week. The five-bedroom, three-bathroom home sits on 4,000 square metres of land, and boasts an in-ground pool, ocean access, a boat ramp (and boat storage area) and even a jetty…
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Elite Agent
The new normal? Office blocks with touch-less entry
The technology wasn't developed for COVID-19. It had been in the pipeline for quite some time. But The Gateway building on Macquarie Street in Sydney is the country's first office tower to implement hand-scanning technology, allowing workers to enter without touching a thing. The Gateway building at Sydney’s Circular Quay has become the country’s first…
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