Search Results for: melbourne
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INDUSTRY NEWS
Melbourne tops Asia Pacific region as best investment for 2019
According to a new report from the Urban Land Institute (ULI) and PwC, Melbourne is the best prospect in the Asia Pacific region for both investment and development. The Emerging Trends in Real Estate Asia Pacific report for 2019 provides an outlook on Asia Pacific real estate investment and development trends, real estate finance and capital markets, and trends by…
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FRANCHISE NEWS
Ripple Wu becomes Co-Principal of McGrath Box Hill
McGrath Estate Agents today announced the appointment of Ripple Wu as a director and co-principal of McGrath Box Hill. McGrath Founder and Executive Director John McGrath said, “Despite a cooling market I believe Melbourne offers good potential for capital growth over the long term due to solid population and employment growth, major investment in infrastructure and affordable housing that will…
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FRANCHISE NEWS
Harcourts Warragul named best in Victoria
Harcourts Warragul was recently recognised as the top performing agency within the Harcourts Victoria Group at their quarterly awards night in October. It was a Regional Victoria double with Ballarat coming in at number two, and provided sound evidence to the current strength of the regional growth areas versus the decline in metropolitan markets. Harcourts Judd White in Glen Waverley had…
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INDUSTRY NEWS
APRA’s ‘unnecessary’ intervention causing ‘economic destruction’
Propertyology Head of Research Simon Pressley said that the extent of recent intervention by APRA was completely unnecessary and that Australians should be concerned about its effect on the national economy. “The grip that APRA have on national credit supply is so tight that we now have a significant blockage in a major artery of the economy. If the Federal…
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INDUSTRY NEWS
World’s largest companies to shift focus towards flexible workspace
The demand for flexible workspace is set to accelerate as over two-thirds of global corporates plan to increase their use of flexible co-working and collaborative space over the next three years, according to new research from Knight Frank. Knight Frank’s (Y)OUR SPACE report surveys senior executives at 120 global companies, which collectively employ in excess of 3.5 million people worldwide…
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EPM: Feature Interview
The Cimino Connection
If property investment is a numbers game, Michael Cimino is superbly positioned to lead the field. Having spent much of his career as a financial service professional with ‘big four’ practices, he was persuaded to leave his high-profile role at a nationally recognised superannuation consultancy just under 12 months ago to head the property management division of burgeoning Melbourne business Inner…
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OPINION
Would a shorter auction campaigns get more attention?
Drifting in a sea of listings, it’s harder for agents holding onto the four-week campaign life-raft to be rescued come auction day. CoreLogic data from the four weeks to 28 October showed the volume of listings in Sydney (30,397 listings) was 18.6 per cent higher than the same period in 2017. In Melbourne (36,526) the figure was 19.5 per cent higher.…
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SUPPLIER NEWS
REA Group posts 17 per cent revenue growth for FY19 Q1
News Corp-owned real estate listings platform REA Group has posted a 17 per cent revenue growth for the first quarter of FY19. Revenue increased to $221.9 million with the company’s EBITDA increasing by 23 per cent to $130.9 million compared to the previous period. This growth was despite tough market conditions; the platform reported a three per cent decline in…
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INDUSTRY NEWS
ABS data shows new lending has dropped to lowest levels in four years
The latest ABS housing figures show new lending has dropped to the lowest levels since August 2014 and lending to housing investors is at the lowest it’s been since 2013. The seasonally adjusted figures from September show an overall drop in lending of 3.8 per cent from the previous month. Owner-occupiers fell the most, down 4.2 per cent from last…
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INDUSTRY NEWS
November 2018: Interest rates on hold, Industry reaction
Yesterday (6 November 2018) the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 24th 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. “Growth in credit extended to owner-occupiers has eased but remains robust, while…
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FRANCHISE NEWS
OBrien Real Estate Foundation announces first grant recipients
The OBrien Real Estate Foundation was first created in June this year with the purpose of supporting local charities. OBrien is a strong supporter of local communities and believes giving back is extremely important. The OBrien Foundation was created with a view to take this support to the next step, so the whole team could work together to improve the lives of…
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SUPPLIER NEWS
David Young Choi joins ActivePipe as Chief Commercial Officer
Melbourne-based automated communications platform ActivePipe has appointed former Domain Group Director of Corporate & Enterprise – Asia Pacific, David Young Choi, as its new Chief Commercial Officer (CCO). Mr Choi is a highly qualified and respected Senior Executive with over 15 years’ experience in Corporate and Business Development, Marketing and Strategy. His extensive executive background working with Australia’s largest real estate brands…
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SUPPLIER NEWS
Reapit appoints business development specialist
Reapit has confirmed the appointment of Sam Upleger as Business Development Manager for Reapit Australia. Mr Upleger will be focused on building new business and generating new customers for Reapit’s Property Management and Trust Accounts software. Mr Upleger brings eight years’ experience in real estate sales to Reapit, during which he has worked with companies including Buxton and Kay & Burton…
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Elite Agent
John McGrath reveals his top suburbs for 2019 in annual report
The 2019 McGrath Report has been released. In it, several trends to watch for 2019 are named, alongside John McGrath’s suburb picks. In his opening letter, Mr McGrath backed up his thoughts that the expected market corrections would not be as dire as predicted in media reports, saying that the current five – 10 per cent drop will likely be…
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FRANCHISE NEWS
Kay & Burton opens doors to new Armadale office
As part of their 80th-anniversary events, Kay & Burton is proud to announce the launch of their new Armadale office. Kay & Burton opened the doors to their first office in South Yarra back in 1938. From the agency’s humble beginnings, the company has rapidly grown to seven locations across Melbourne’s eastern suburbs plus the Mornington Peninsula. In October, Kay…
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Sponsored Content
Harcourts Walk A Mile In Their Shoes for charity
Stilettos and platform heels aren’t typical attire for your average male real estate agent, but on 31 August those very shoes were the most important piece of clothing for Harcourts agents. At six locations around the country more than 500 Harcourts real estate agents, of both genders, teetered down busy main streets as part of the annual Walk A Mile…
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Real Estate News
The Harcourts Foundation’s latest funding round sees over $65,000 donated to nine charities
The Harcourts Foundation, the charitable arm of Harcourts Group Australia, announced grants to nine Australian charities during its most recent quarterly funding round. A total of $66,268 was donated across Australia to benefit charities serving the communities where Harcourts employees live and work. “Over the past six months, a total of $100,128 has been granted by The Harcourts Foundation,” said…
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FRANCHISE NEWS
Robert Ding brings bilingual auctions and new market coverage to The Agency
One of the only agents to run successful bilingual auctions in English and Mandarin, Robert Ding has been able to provide significant insights into Melbourne’s Chinese buyer and seller property markets. In his core areas of Boroondara and Whitehorse, Chinese nationals, recent Chinese migrants and well-established Chinese residents have been drawn to these leafy municipalities for the great schools, access…
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INDUSTRY NEWS
REIV elect third female president in 82 years
The Real Estate Institute of Victoria (REIV) has announced that the Board has elected Robyn Waters as President for 2018-19. Ms Waters was the first Australian woman to be appointed World President of the International Real Estate Federation (FIABCI) in May 2014. She served on the REIV Board as Senior Vice President in 2017-18 and as Director from 2001 to…
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INDUSTRY NEWS
Damian Collins elected new REIWA President
The REIWA Council has elected Damian Collins as the Institute’s new President. Following Hayden Groves’ announcement last week he would be finishing his term as President, the 2018-19 REIWA Council met on Thursday 4 October and elected Mr Collins to the Institute’s top position. Mr Collins has served on the REIWA Council since 2011 and as Deputy President since 2015. He…
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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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INDUSTRY NEWS
October 2018: Interest rates on hold – industry reaction
Yesterday (2 October 2018) the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 24th 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. “Growth in credit extended to owner-occupiers remains robust, but demand by investors…
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INDUSTRY NEWS
hockingstuart raise over $94,000 for Connor’s Run
Victorian real estate agency hockingstuart are very proud to have raised over $94,000 for Australia’s largest fundraising event for paediatric brain cancer, Connor’s Run. Connor’s Run has raised millions of dollars since its first run in 2013. It’s a cause that’s close to the hearts of everyone at hockingstuart, with 205 team members participating in the event which was held on 16th…
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INDUSTRY NEWS
REA Group announces finalists for 2018 Annual REA Excellence Awards
REA Group has today announced the finalists for this year’s Annual REA Excellence Awards (AREAs), to be held in Sydney on Thursday 15 November 2018. The AREAs honour the most innovative, community-minded and highest-achieving individuals and businesses across the property and media industries. Twenty-one awards will be presented across the three categories of Innovation, Service and Marketing Excellence, and Community.…
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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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FRANCHISE NEWS
The Agency opens in Coffs Harbour with Philip Talbot at the helm
Philip Talbot is set to bring his unique level of service in Coffs Harbour to The Agency, with an impressive nine listings and a significant pipeline over the coming weeks. In the last two years, Philip Talbot has sold more $1 million + properties than any other agent in the area, taken the record for the highest off-market sale at $1.8…
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FRANCHISE NEWS
The Agency secures funding, acquires Top Level Real Estate
After a trading halt for the last few days, The Agency has announced to the ASX that they have secured the funds to acquire Top Level Real Estate. The acquisition involves a complex $8.4 million share placement, alongside $5 million of Top Level debt which will be converted into shares at $0.01 per share. The documentation provided with the announcement…
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INDUSTRY NEWS
Australia/NZ real estate tops GRESB global rankings for eighth consecutive year
For the eighth consecutive year, Australia and New Zealand’s real estate market has been ranked the world’s number one for sustainability in the internationally recognised 2018 GRESB real estate results. GRESB is the global benchmark for environmental, social and governance (ESG) performance of real assets, defining and measuring standards for sustainability performance. In 2018, GRESB assessed 903 real estate companies,…
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INDUSTRY NEWS
Solar energy likely to drive up home values: HTW
Sustainable homes will see an increase in value as more and more householders take up solar rebates and reduce household energy consumption, according to independent valuer and advisory group Herron Todd White. HTW’s Managing Director in Melbourne, Tony Kelly, said as homeowners continued to take advantage of solar energy rebates and substantially reduced energy costs, the value of their homes…
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FRANCHISE NEWS
Barry Plant Group recognises talent in their network at 2018 Awards for Excellence
Last week, the Barry Plant Group hosted its 2018 Awards for Excellence at Melbourne’s Crown Palladium, with nearly 900 people attending the black-tie event. The Geelong office had an outstanding night as, apart from their star agent Chari Emirzade taking out so many major sales awards, they also won Franchisee of the Year and Property Management Department of the Year,…
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INDUSTRY NEWS
REIV commercial and industrial awards celebrate magnificent marketing
The REIV have celebrated the best in commercial and industrial advertising, marketing and promotion across commercial sales and leasing campaigns at the annual Commercial and Industrial Marketing Awards. REIV President Richard Simpson said the awards are a great opportunity to recognise the increasingly innovative and tailored campaigns. “Congratulations to the winners and finalists in the 18 categories on their dynamic and…
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FRANCHISE NEWS
The Agency expands into south-east Melbourne with top-performing agent Adam Cashmmore
High-achieving Stonnington and Boorondara agent Adam Cashmore has joined The Agency. Adam Cashmore is renowned for his exceptional sales results and is strongly entwined with his local community. A long-time Stonnington resident, he is well-known for his genuine and ethical approach to real estate. “Adam’s experience and expertise in the Stonnington area was exactly what we were looking for. He…
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INDUSTRY NEWS
Chinese buyers invested $23.9 billion in Australian real estate in 2017
Juwai.com’s 2018 Chinese Global Property Investment Report has revealed that Chinese buyers purchased $23.9 billion of Australian real estate in 2017. That consisted of $19.4 billion in residential and $4.5 billion in commercial acquisitions, and made Australia and New Zealand the biggest market for Chinese investment. That figure is a drop of 26.8 per cent from the estimated spending in…
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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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SELLING + MARKETING PROPERTY
Inaugural Proptech Summit demonstrates future ‘digital twin’ for property
The Australian Proptech Summit was held on the 5th and 6th September and attracted a number of commercial real estate decision makers and finance players ready to connect with cutting-edge startups and technology companies ready to build the future of property in both commercial and residential. Artificial Intelligence, blockchain, big data and virtual reality were themes that featured heavily over the…
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