Search Results for: melbourne
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Real Estate News
Reinvigoration of IT strategy to kickstart McGrath’s future growth
McGrath Limited (ASX: MEA) announced its FY19 first-half results, showing an 18 per cent drop in revenue. A release to the ASX points to the subdued market conditions having an impact on performance, resulting in an EBITDA loss for the first half of $2.5 million. This result comprises the previously reported first-quarter loss of $1.9 million and a reduced second-quarter…
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Elite Agent
To 2020 and beyond- REIQ summit 2019
With the evolution of technology, digital creations and products, virtual reality and artificial intelligence progressing at warp speed, you’d be forgiven for thinking we humans may be living on borrowed time. Steve himself is a champion of change and a leader in the futurist thinking world. He has developed a full-sized, air-powered Lego hot rod, launched a Lego space shuttle…
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Real Estate News
Revenue per listing up, but the future is adjacencies
Domain Holdings (ASX: DHG) released it’s 2019 half-year results on Friday, with the portal reporting a net loss of $156.4 million for the six months to December 2018. A non-cash goodwill write-down of $178.8 million drove the results into the red. Excluding this, Domain reported: Revenue growth of 0.3 per cent to $183 million EBITDA of $52.7 million Net Profit…
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Real Estate News
RE/MAX Australia promotes growth specialist from within
RE/MAX Australia announced the appointment of Dene Tucker to the role of Business Growth Consultant this month. This is an expansion of Mr Tucker’s training role with the network, to take advantage of his vast experience within the company and the industry including franchising, franchise ownership, auctioneering, sales and training. “Growth is a fundamentally important part of business,” said Mr…
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FRANCHISE NEWS
Rugby pro to help drive Ray White Rural
Well-known high-performance rugby coach Chris Malone has joined Ray White Rural and Livestock as State Manager – NSW to help drive productivity across the network. Ray White Rural is embarking on an ambitious growth and productivity plan for 2019. Ray White Rural and Livestock CEO Stephen Nell said there had never been a more critical time to invest into the…
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SUPPLIER NEWS
Record price for Melbourne Penthouse with $30M sale
Luxury property developer GURNER™ has broken Melbourne’s price record for the most expensive apartment sale, contracting a $30m penthouse at its ultra-luxury Saint Moritz development in St Kilda to a high-profile Melbourne family. The sale, contracted off-market prior to the development’s slated public launch in June this year has achieved an unprecedented $40,000 per square metre. The price is 20…
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FRANCHISE NEWS
Three offices join forces to become OBrien Mornington
Three real estate offices have become one in Main Street, Mornington as OBrien Real Estate scores a hat trick. Three agencies in the Mornington Peninsula have consolidated into one large agency as Kayn Luff, director and business owner of long-established and trusted independent Mornington agency Conley Luff, joins forces with Fraser Bayne, director and business owner of OBrien Real Estate…
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FRANCHISE NEWS
Ray White Rural appoints key specialist in Melbourne
Ray White Rural has announced the appointment of a new leader in Victoria. Matt White, a fourth-generation leader in the Ray White family and a successful business owner, has now joined Ray White Rural and Livestock in Melbourne as its state director and auctioneer. Ray White Rural and Livestock CEO Stephen Nell said Mr White’s appointment was a timely critical…
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FRANCHISE NEWS
Harcourts and Glen Coutinho to open flagship office in Beverly Hills, Los Angeles
Harcourts International has announced the expansion of the growing Harcourts USA network. Global real estate pioneer Glen Coutinho has joined the Harcourts USA team as Director of Growth & Training, for the Pacific Region, and will become owner of a new office in Beverly Hills. “We are very pleased to welcome Glen to the Harcourts group,” said Harcourts International Managing Director…
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INDUSTRY NEWS
February 2019: Interest rates on hold, Industry reaction
Yesterday (5 February 2019), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 26th consecutive meeting. “Inflation remains low and stable. Over 2018, CPI inflation was 1.8 per cent and in underlying terms inflation was 1¾ per cent,” said RBA Governor Dr Philip Lowe. “Underlying inflation is expected to pick up over the next…
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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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INDUSTRY NEWS
Real estate industry professionals recognised in Australia Day 2019 Honours
Several members of the real estate industry have been recognised in the 2019 Australian Day Honours, receiving recognition for the work they’ve done both for the industry and for their communities. 2019 saw 1,127 Australians recognised on the Australia Day list – the largest number in the history of the Order of Australia. Among those recognised were several members of…
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INDUSTRY NEWS
Houses selling for up to $400k more in coveted public school zones: REIV
Homes in the designated neighbourhood boundary of some of Melbourne’s popular public primary and secondary schools are securing sale prices of up to $412,500 more than those just outside the zone, according to the latest REIV data. REIV President Robyn Waters said houses within some school catchment areas are hot property, because access to sought-after public schools is one of…
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INDUSTRY NEWS
Chinese investment in Australian property to stay strong in 2019 as buyers look to ‘grab a bargain’
Juwai.com has released the Australia 2019 Outlook for Chinese Residential Real Estate Buying, which shows that 2019 will continue the strong outlook for Chinese investment as buyers are attracted by dropping prices in key markets. According to the report, Chinese buyers will be bolstered by strong Chinese wealth growth and the desire to get a bargain while the market is…
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INDUSTRY NEWS
Realestate.com.au report shows the true issues facing ‘Generation Rent’
In partnership with youth publishing group Pedestrian. TV, realestate.com.au has released the 2019 Renters Report which provides a snapshot of young Australian renters and the issues facing them. The report highlights some surprising statistics around living conditions and rental stress in 18 to 39-year-old Australians. It surveyed 3,500 respondents nationally through quantitative research methods, as well as taking a qualitative…
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FRANCHISE NEWS
Husband and wife team join OBrien Real Estate
Chris and Candice Hill from Melbourne’s South East have joined the O’Brien Real Estate brand. Mr and Mrs Hill will join the Berwick office under the directorship of Dean O’Brien. Mr O’Brien co-founded OBrien Real Estate in late 2010, opening its first office in Berwick. Since then the network has grown to 27 offices. Mr Hill began his career in real estate…
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FRANCHISE NEWS
Kay & Burton announces new corporate structure
Kay & Burton have started 2019 with a change to their corporate structure, after a year of implementing new businesses and platforms in 2018. Major investments included the development of Kay & Burton Projects as a recognised player in high-end off-the-plan new developments. New sales and property-management businesses have also been launched in Armadale and Brighton to meet the needs of…
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FEATURE INTERVIEWS
Why agents are knocking at NOKK’s door
Like many start-ups, the idea was born from personal experience. NOKK co-founder Ben Voltz, a digital entrepreneur who also counts transaction platform ROKT as one of his successes, was struggling to find a home in his desired suburb of Albert Park in Melbourne. “There were only about 15 properties on the market, which is a very small amount out of…
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INDUSTRY NEWS
Australia named second least-affordable housing market in the world
The 15th Annual Demographia International Housing Affordability Survey shows Australia as the second most unaffordable market for housing, with New Zealand coming in third. The survey uses a measurement of ‘median multiple’ to rank affordability, which is found by dividing median house price by gross annual median household income. This method is the same favoured by the United Nations and…
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FRANCHISE NEWS
Lambros Bollas joins the OBrien Real Estate network
Melbourne-based OBrien Real Estate is excited to welcome respected local agent Lambros Bollas to the team. Mr Bollas joins with more than 20 years’ experience in the industry to become a key member of the leadership team, working alongside director Max Martinucci. “The experience and expertise I can bring to the team is welcomed and I welcome the energy and…
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Thought Leaders Podcast
Episode 76: How’s the market? With special guest Nerida Conisbee, Chief Economist at realestate.com.au
“How’s the market?” It’s a question agents get asked a lot, not just by clients but by friends, family and the community. This week REA released their Demand Index for the last quarter of 2018 showing clearly that different areas are experiencing very different conditions. Our guest this week is Chief Economist at realestate.com.au Nerida Consibee who is the author…
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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
Downsizers, first-timers, rainfall and a new banking order bode well for NSW regional property in 2019: Raine & Horne
Downsizers eager to take advantage of Sydney’s long-term capital growth, along with more rainfall and less banking red tape are set to underpin property values in NSW regional centres such as Dubbo, Tamworth and Wagga Wagga in 2019 according to Raine & Horne Chief Angus Raine. “Despite softer dwelling prices in Sydney, downsizer activity is driving demand for real estate…
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INDUSTRY NEWS
Ray White’s Malek Younan named Top Agent in Australia by SQM
CONGRATULATIONS go to Malek Younan of Ray White Gladstone Park who has just been named as the top residential agent in Australia by SQM Research. The inaugural list of Australia’s Top 100 Residential Real Estate Agents in 2018 was just released by SQM Research, with Malek Younan of Ray White Gladstone Park in Melbourne leading the list out of 53,650…
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Thought Leaders Podcast
Episode 74: Christmas special with Rik Rushton – 2018 in review and thriving in 2019
2018 is a year that has delivered winds of change travelling as fast as a Glenn McGrath Bouncer - cricket metaphor intended! It started in January with John McGrath ‘getting the band back’ together and this week’s guest Rik Rushton at the same time released a book called “The Power of Connection”. In this podcast, Samantha McLean takes Rik along…
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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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FEATURE INTERVIEWS
Focus on 2019: What the top agents are doing
Grant Smith Director, Century 21 Grant Smith Property What’s the market like in your area? The Sunshine Coast property market is a strong performing region with extensive growth and development. The region is experiencing growth in the health sector with the new hospital, as well as expansions to all major shopping centres. Being on the coast, just an hour north…
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PROSPECTING + LISTING
2019: The Year of the Buyer Database
As we approach the finish line of 2018, it’s an ideal time to reflect on our professional achievements. In any single year, a real estate agent learns so much, encounters their fair share of challenges and enjoys many satisfying wins. What hard-won learnings will you take from 2018 to propel you to greater heights in the coming year? What changes will…
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INDUSTRY NEWS
Crown Residences at Barangaroo, Ironfish, ArchiStar and BC Securities Win Chinese Global Choice Awards from Juwai.com
Australian companies Crown Residences at Barangaroo, Ironfish, ArchiStar and BC Securities were four of the most notable among the 20 of the world’s very best China-focused real estate marketers who were named as winners of the Global Chinese Choice Award by Juwai.com at a gala black-tie dinner event in Shanghai on Wednesday, 5 December. The awards presentation followed four months…
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FRANCHISE NEWS
Knight Frank appoints leading Residential Project Marketing agent
Knight Frank has appointed Murray Wood as Partner, Residential Project Marketing, Australia from early 2019. With over 20 years’ industry experience specialising in project marketing, Mr Wood has had exceptional exposure to prestige projects including several major Sydney CBD landmarks: Barangaroo – Stage 1; three stages of Darling Square; and the famous Opera Residences at Circular Quay. Knight Frank’s Partner,…
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INDUSTRY NEWS
December 2018: Interest rates on hold, Industry reaction
At its meeting yesterday (4 December 2018), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 25th consecutive meeting. “Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low,” said RBA Governor Dr Philip Lowe. “Credit conditions for some borrowers are tighter than they…
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INDUSTRY NEWS
Sydney becomes affordable as northern Brisbane takes the lead in new report
A new report from PRDnationwide has made some surprising discoveries along the eastern seaboard, including affordability in parts of Sydney for the first time since 2016 and a strong market in Brisbane’s north. The PRDnationwide Affordable and Liveable Property Guides 2nd Half 2018 for Sydney, Melbourne, Brisbane and Hobart reports on many key indicators, creating a holistic picture of property…
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FRANCHISE NEWS
OBrien Real Estate extends network into Melbourne’s Inner North
OBrien Real Estate established its first franchise office in February 2013 and now has just opened its 27th office, located in the growth belt of the inner northern suburbs. Originating in the south-east of Melbourne, OBrien until recently had all its offices situated on the east side of the Yarra River, but now you’ll find four recently opened OBrien offices…
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FRANCHISE NEWS
Barry Plant “Oak Club” celebrates longevity
At a gala event at the Plaza Ballroom in Melbourne last week, Barry Plant Group Directors, Vic Care and Mike McCarthy welcomed 65 new people to their prestigious Oak Club. The Oak Club was created in 2000 to acknowledge the loyalty and contributions of people who have been with the Barry Plant Group for 10 years or more. The oak…
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FRANCHISE NEWS
Professionals Tamborine Mountain expands into Serendipity
The Professionals is set to double its presence in one of Queensland’s most sought-after real estate markets. The Professionals Mount Tamborine will merge with Serendipity Real Estate to form The Professionals Serendipity. The new business will service Mount Tamborine and Tamborine Village. Co-principal and president of the Mount Tamborine Chamber of Commerce Alison Rip said the merger was an excellent…
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