Search Results for: melbourne
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INDUSTRY NEWS
Capital city dwelling values rises by 1.4 percent in February: Core Logic
CoreLogic’s monthly Hedonic Home Value Index has reported a 1.4 percent rise in the value of capital city dwellings in February. The strong capital gain over February was led by Canberra (+3.2 percent) and Sydney (+2.6 percent), with Melbourne (+1.5 percent) and Hobart (+1 percent) also returning significant increases. In contrast, dwelling values were down over the month across Darwin…
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National
Auction volumes reach all time record high for month of February
Auction clearance rates reach the highest level over the calendar year to date as auction volumes reach a record high for February, with 3,232 auctions held across the combined capital cities. National auction clearance results for the week ending 26/02/2017 courtesy of CoreLogic Across the combined capital cities this week, the number of properties taken to auction increased dramatically, with 3,232 auctions…
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Real Estate News
Belle Property Opens Office in Mumbai, Aids Indians To Buy Properties In Australia
Australian owned boutique agency Belle Property International (BPI) has opened an office in Mumbai, in order to capitalise on the growing number of Indians investors interested in purchasing residential and commercial properties across Australia. Based in India’s financial capital Mumbai, the expansion forms a part of the company’s strategic plan to expand into Asia throughout the year. “We are creating…
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Every Agent Has a Story
Every Agent Has A Story: Iolanthe Gabrie
Our next story comes from Iolanthe Gabrie, who before she became a Director of Ruby Slipper, started her career in real estate. Here she shares the two key lessons she learned during a couple of difficult situations with vendors and tenants. Prioritise your own safety if you find yourself in a dangerous situation, or feel threatened by a client. Mistakes, tricky…
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Real Estate News
Land Sales Recover, As Prices Rise Says HIA and CoreLogic Latest Report
The latest Housing Industry Association (HIA), CoreLogic Residential Land Report has revealed that residential land sales have increased for the second consecutive quarter as prices reached a new high during the three months to period ending September 2016. HIA senior economist, Shane Garrett said during the quarter, the volume of land sales increased by 1,121 lots compared with the June…
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National
Auction volumes surge past 2000 across the country for the first time in 2017
Auction volumes surge past 2,000 for the first time this year across Australia’s combined capital cities, with CoreLogic’s preliminary clearance rate reaching 77 percent. National auction clearance results for the week ending 19/02/2017 courtesy of CoreLogic The combined capital city preliminary clearance rate remained in the high 70 percent range over the week, despite auction volumes reaching the highest level so far this…
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Elite Agent
Out of the Comfort Zone: Jack Richardson, hockingstuart Armadale
From selling boats on the Victorian coast to becoming a well-respected agent and auctioneer in Melbourne, Jack Richardson brings a sharp eye to the sales market in his role at hockingstuart Armadale. Fresh from winning the REIV 2016 Novice Auctioneer of the Year Award, he shares his goals for 2017. Jack, how many years have you been working in real…
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EPM
Regional Growth Master: Dave Skow Wagga Property Management
DAVE SKOW is the owner of Wagga Property Management in the NSW Riverina. Grabbing an opportunity to open a property management only business in the area, he has grown his rent roll from zero to just over 500 properties in under three years. Passionate about growth, this is his remarkable story. Firstly, Dave, tell us a little bit about your…
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National
Preliminary clearance rates surges to 76.6% as auction numbers trend higher
It has been a strong week for auction activity across the capital cities, with the number of auctions more than doubling compared with last week in Sydney and Melbourne. National auction clearance results for the week ending 12/02/2017 courtesy of CoreLogic Despite the surge in the number of auctions held, the combined capitals regions recorded a preliminary auction clearance rate of 76.6 percent,…
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Real Estate News
Key school catchment zones record more than 5x growth of capital cities: Domain
Annual house price growth figures in key government school catchment zones are outpacing capital city growth by more than five times in some key areas, according to Domain’s Annual School Zones Report. With the new school year just underway, Domain last week released its Annual School Zones Report, uncovering the primary and secondary government school catchment zones that have experienced…
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INDUSTRY NEWS
Where do properties sell fastest in Australia, CoreLogic Property Pulse
Melbourne properties sell the fastest of any capital city according to CoreLogic’s latest Property Pulse Market Update report. Melbourne dwellings took an average of 35 days to sell in December 2015 with the figure falling to an historic low of 29 days at the end of 2016 while the typical Sydney dwelling sold after an average of 33 days in…
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INDUSTRY NEWS
RBA keeps cash rate fixed at 1.5 percent, industry reacts
The Reserve Bank of Australia (RBA) decision to keep interest rates on hold at the record low of 1.50 per cent at its first meeting of the year has come to no surprise to many pundits in the real estate industry. Real Estate Institute of New South Wales (REINSW) president John Cunningham was unfazed. “Housing affordability will be hotly debated…
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Real Estate News
Finalists announced for this year’s Property Council Innovation and Excellence Awards
Some of the best buildings and brightest talents in Australia’s property industry will be honoured at the 35th Property Council of Australia/Rider Levett Bucknall (RBL) Innovation and Excellence Awards. 141 finalists were named ahead of the awards ceremony to held on May 5 at the International Convention Centre Sydney. Property Council’s Chief Executive, Ken Morrison said the awards, which is…
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Real Estate News
Buyer’s agent Cohen Handler launches standalone auction bidding assistance
Bidding at an auction may now be less stressful for some Australian homebuyers with the launch of AuctionWiz, a new platform engineered by buyers’ agency Cohen Handler, providing standalone auction bidding assistance. Starting Monday, customers looking for representation from a buyer’s agent on auction day can sign up to AuctionWiz and connect with a Cohen Handler buyers’ agent for assistance…
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Real Estate News
Melbourne-based agent applies to Guinness World of Record to be world’s first fastest selling agent
A Melbourne-based real estate agent has just applied to be recognised as the fastest selling realtor in the world by the Guinness World of Records. Zed Nasheet of LJ Hooker Hampton Park told Elite Agent that he had put in an application for the World Records’ feat two weeks ago after selling a three bedroom, one bathroom house in Victoria…
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Insights
The Future – Property Management Round Table: Part 8
As a finale to Transform PM 2016 our four PM Directors were joined by Charles Tarbey, Fiona Blayney, Chris Gray, Richard Bray, Julie Davis and Neil Williams for an industry round-table discussion on the future of property management and how to best serve the needs of property investors. The session was facilitated by Alister Maple-Brown of Rockend. In the final video…
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National
Auction volumes double over the week, coming out of the seasonal slowdown
National auction clearance results week ending 05/01/2017 The auction market will start to gather momentum coming into February after the seasonal slowdown over the holiday period, with auction numbers doubling over the week across the combined capital cities. There were 867 auctions being tracked by CoreLogic this week, with a preliminary clearance rate of 70.8 percent, compared to last week’s…
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Real Estate News
December building approvals fall: ABS
The latest building approvals data, released by the Australian Bureau of Statistics on Thursday, confirms that the housing market is very much a Sydney and Melbourne story. “Building approvals fell by 6.3 per cent in NSW, underwriting a fall in total dwelling units approved of 1.2 per cent over December 2016. Meanwhile, Victoria has sustained a small rebound in total…
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Real Estate News
More dwellings key in tackling housing unaffordability
REA Group Property Demand Index for January, Key Points Sydney is on the road to a housing affordability crisis Tasmanian housing demand remains high resulting in strong price growth Demand levels on realestate.com.au are surging Challenging conditions remain in Western Australian and Northern Territory Housing unaffordability can be solved only if there are more dwellings available for people to chose…
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Real Estate News
O’Brien Real Estate branches out in Melbourne, with two new offices
Melbourne-headquartered O’Brien Real Estate will open two new offices in the first quarter of the year – making its total headcount to 19 offices, a long way from where they started six years ago. Last month, the company unveiled its 18th office located at 951 Nepean Highway, Bentleigh, which will service suburbs such as Highett, Bentleigh East, Hampton East and…
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Real Estate News
QLD Treasurer Rejects REIQ Proposal to Broaden the First Home Buyer Scheme
The Real Estate Institute of Queensland (REIQ) has publicly recorded its disappointment in the State Government that they would not be broadening their first buyer home grant to established homes. REIQ chief Antonia Mercorella said this was evidence that the State Government was not listening to the needs of regional Queenslanders. “However, our concern is for the long-term impact and…
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INDUSTRY NEWS
ASX-listed buyMyplace wants to hire 100 real estate agents by year end
ASX-listed buyMyplace.com.au is on the lookout for 100 experienced real estate agents nationwide for a new section of its business which is similar to UK’s Purplebricks. The Melbourne-based company said the new hires would be used to sell properties listed on the website by vendors through a flat fee commission-based system. Melbourne-based buyMyplace executive director Cameron Fisher who will assume…
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INDUSTRY NEWS
Core Logic: Strong Start To The Year As Dwellings Value Rise In Most Aussie states
The latest CoreLogic January index results have confirmed that all capital cities recorded a rise in home values, with Hobart in the lead, recording a 5.8 percent rise in dwelling values over the three months to the end of January – with Sydney and Melbourne also posting strong increases over the rolling quarter. Highlights over the three months to January…
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INDUSTRY NEWS
CoreLogic Pain & Gain Report: September 2016 Quarter
The average profit on resale increases to $262,672 while average loss was $71,529 over the September 2016 Quarter, according to the latest CoreLogic Pain & Gain Report. The latest September 2016 quarter Pain & Gain Report produced by CoreLogic delivers a timely market analysis for residential property resales over the quarter by comparing the most recent sale price to its…
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Elite Agent
Memo to the property industry: Get Ready for ‘Golden Week’ starting Jan 28
Despite the restrictions, there is still interest among the Chinese buyers wanting to purchase properties in Australia and most do so during Lunar New Year holiday period which starts from January 28. The celebration also marks the start of the period known as Chinese Lunar New Year Golden Week where Chinese workers often take holidays and head overseas some for…
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EPM
Virtual reality live-streaming the next best thing for property management?
Virtual Reality (VR) live streaming has helped one Melbourne-based property management company to achieve zero vacancy rates since switching to the technology over a year. Neesh Property managing director Michael Sanz describe the change as phenomenal for his business and wants to teach other agents on how to use the technology and achieve the same results. “Twelve months I bought…
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INDUSTRY NEWS
ASX-listed disruptor realtor buyMyplace records exponential Q2 revenue
ASX-listed buyMyplace, a commission-free real estate agency has recorded a strong second quarter by clocking in 147 percent in revenue earnings for the 2017 financial year ending in June from the prior corresponding period (PCP). The Melbourne-based online real-estate company’s gross profit rose by 117 percent while residential property listings on the website grew by 84 percent from the previous…
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INDUSTRY NEWS
Purplebricks may fail in Australia too, says First National Real Estate chief
The head of one of Australia’s largest networks believes that the arrival of Purplebricks in Australia has failed to ignite consumer interest and that the company is on track to replicate the significant losses incurred on its home soil. “Since its August 2016 launch, when more than a quarter of a million properties were listed for sale with Australian agents,…
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INDUSTRY NEWS
Domain House Price Report: December Quarter 2016
National prices have increased over the quarter, although the annual growth rate is the lowest since 2012 – according to the latest quarterly Domain House Price Report. Over the quarter, median house prices increased in all capital cities, except Perth and Darwin. The national median house price increased by 3.4 per cent to $780,887, the strongest quarterly result since the…
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INDUSTRY NEWS
Domain Rental Price Report: December Quarter 2016
House rents have increased in most capitals, with the rental market outlook looking positive for investors – according to the December quarter Domain Rent Report. Median house rents increased in Sydney, Melbourne, Brisbane, Adelaide, Canberra and Hobart. The resource capital of Perth continued to remain the clear exception to the trend, with high vacancy rates and rents continuing to fall.…
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FRANCHISE NEWS
Barry Plant Group throws its support behind Women’s Property Initiatives
The Barry Plant Group has rendered its support in helping bolster more funds towards Property Initiatives Real Estate, a social enterprise run by the Women’s Property Initiatives (WPI) in Melbourne. Barry Plant Group said the collaboration will see WPI’s social enterprise benefitting from its professional services which include running a better-managed rent roll and achieving maximum profitability through the advice given…
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INDUSTRY NEWS
New research says Brisbane’s property market a haven for investors
A new report has found that Brisbane’s affordability and strong rental yields were likely to attract more demand from local and interstate investors this year. Brisbane’s affordability in comparison to states like Melbourne and Sydney, was one of the many factors that made the city so attractive in the eyes of investors said the report entitled: Property Market Spotlight: Brisbane.…
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Silver lining present, but hiding, in WA Outback market
Residential property markets in outback mining towns are struggling in the wake of the national mining and construction downturn. While a crisis for many, low prices present an opportunity for regional locals to access affordable property. The Australian yesterday published a story on the plight of residential property in the mining towns in the wake of a significant contraction in the…
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EPM
Why Small is Big Again: Randal Sharp
When it comes to property management, there’s not much Randal Sharp hasn’t seen. Co-Director of thriving real estate startup Think Property & Co in Melbourne, Randal has worked across all facets of the sector, managed large teams and surveyed portfolios with assets numbered in their thousands. Yet he and business partner Martine Bannister have gone back to basics with their…
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FRANCHISE NEWS
Belle Property opens first office in Melbourne
Boutique real estate group, Belle Property International is redefining real estate in Melbourne with the opening of their office in Docklands. A world-class concierge partner that represents both property developers and investors across Asia and Australia, Belle Property International Melbourne is set to deliver a personalised and unique approach to large scale projects. A well-respected expert who has been involved…
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