Search Results for: melbourne
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Real Estate News
Shift to higher density living fuels market growth but renews concerns of glut
Lending approvals are up; New dwellings are up; High-density commitments are up. While there is no doubt that multi-unit construction remains the strongest performing sector of the industry over the past five years, there is continued speculation that the demand will not be sustainable. The Australian Bureau of Statistics (ABS) figures published on Tuesday reports that mortgage lending among investors in November had risen…
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Real Estate News
Purplebricks opens offices in Sydney and Central Coast, plans expansion to Perth and Adelaide soon
Purplebricks has just opened up new offices in Sydney and the Central Coast, with plans underway to expand into Perth and Adelaide as well. The company’s latest set up in New South Wales (NSW) comes just four months after it opened offices in Brisbane, Melbourne, the Gold Coast and the Sunshine Coast. Established in the UK in 2014, Purplebricks has…
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INDUSTRY NEWS
Sydney and Melbourne records lower sales this year: REA
Highlights of REA Group Property Demand Index Report for December 2016: National demand for property dropped by 6.6 percent on realestate.com.au in December, down from peak levels recorded in October and November. Victoria had the largest decline over the month, as demands dip for both houses and apartments. New South Wales (NSW) followed closely, possibly suggesting that the housing boom…
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Real Estate News
Queensland’s property market set to soar in 2017 say Raine & Horne
Queensland’s real estate markets are all set to enjoy a healthy year with significant infrastructure investments, greater affordability and lower interest rates making it an attractive buy, said leading real estate group, Raine & Horne. Investments such as the $21 billion Adani Carmichael coal mine, the $3 billion Queen’s Wharf, Westfield’s $1 billion development at Coomera and the $200 million…
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INDUSTRY NEWS
REA Group to buy stake India’s PropTiger and Housing.com
REA Group have agreed to buy a 14.7 per cent stake in Indian online real estate marketing group PropTiger for $67.9 million. PropTiger.com and Housing.com, two of India’s leading online real estate service providers, in a seperate announcement said the investment will enable it to become India’s largest online real estate services company in the near future. Under the agreement,…
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Insights
BD and Referrals – Property Management Round Table: Part 4
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 this…
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INDUSTRY NEWS
Investorist helps Melbourne-based developer sell $12m worth of apartments in 15 minutes
A Melbourne-based developer has racked up over $12 million in apartment sales in just 15 minutes after using an online platform known as Investorist. The new Blackburn Boutique Apartments at East End in Blackburn South situated near Monash and Deakin universities in Melbourne were snapped up within minutes without the developers having resort to traditional real estate marketing campaigns. Investorist…
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INDUSTRY NEWS
Stamp duty breaks for older empty nesters will help solve second home buyer dilemma
A stamp duty break for empty nesters aged over 70 could ease housing affordability stresses in Sydney and Melbourne, according to Angus Raine, Executive Chairman, Raine & Horne. “The national housing debate focuses mostly on first home buyers, and with good reason given climbing real estate values combined with an ongoing shortage of new homes,” said Mr Raine. Sydney housing…
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Elite Agent
CoreLogic: Capital city dwelling values experience highest growth rate in seven years
Highlights over the three months to December 2016 Best performing capital city: Darwin +5.9 percent Weakest performing capital city: Adelaide -1.6 percent Highest rental yields: Hobart houses with gross rental yield of 5.1 percent and Hobart Units at 5.7 percent Lowest rental yields: Melbourne houses with gross rental yield of 2.7 percent and Darwin units at 3.6 percent Most expensive…
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VIC Real Estate News
NSW Federation Council moves in to save iconic Castle home from being demolished
The iconic home that was used in the filming of Australia’s cult film the Castle which was in danger of being demolished will instead be placed at new a location with plans of turning it into a tourism attraction by year-end. New South Wales Federation Council administrator Mike Eden told Elite Agent that the iconic home would be moved from…
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National
Clearance rates remain above 70 percent on tapering volumes (18/12/16)
The final week of auction reporting for the year sees the combined capital city clearance rate remain above 70 percent, while auction volumes continue their seasonal taper Auction activity continued to ease this week after a surge in auctions over the past four weeks. The combined capital city clearance rate fell slightly to 70.5 percent, down from last week’s 71.6 percent.…
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EPM
Kick off the year with Growing Stronger Together
Growing Stronger Together, an intensive one-day property management event series, kicks off in February 2017. Brought to you by the Real Estate Training Group (RETG), the event explores strategic team collaboration and accelerated rent roll growth in a series of sessions led by some of the industry’s most successful thoughtleaders. The core program will focus on strategically unpacking the topics…
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INDUSTRY NEWS
Property prices reflecting state economies: REIA
REIA has released the REIA Real Estate Market Facts for the September quarter 2016 which shows that the weighted average capital city median price increased by 1.4% for houses and 1.6% for other dwellings. “The weighted average median house price for the eight capital cities is now $712,776. Reflecting the differing fortunes of state economies, over the quarter, the median…
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INDUSTRY NEWS
Stamp duty a significant cost barrier for Sydney and Melbourne markets: CoreLogic
Higher priced properties in Sydney and Melbourne is not the only obstacle stopping people from entering these markets. Varying from state to state, another factor contributing to the high entry cost to housing is Stamp Duty, particularly in Australia’s largest two capital cities. CoreLogic Head of Research Tim Lawless said, “Calculating how much stamp duty is applicable on a property…
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INDUSTRY NEWS
CoreLogic December 2016 Property Outlook: Tim Lawless
CoreLogic have released their property market outlook for December 2016 which includes valuable market insights from Head of Research Asia Pacific, Tim Lawless on the current trend of investment activity, growth values, affordability and interest rates heading into 2017. CAPITAL CITY PROPERTY VALUES UP BUT SLOWING Capital city property values increased by 0.2 per cent in November, according to the…
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INDUSTRY NEWS
Australian Community Newspaper Readership 2016: Roy Morgan
Readership of community newspapers in all mainland capital cities has declined, but many titles are bucking the trend and finding new local readers, the latest Roy Morgan Community Newspaper Readership results for the 24 months to September 2016 show. In Sydney, the St George & Sutherland Shire Leader extended its lead as the most-read community paper, with 220,000 readers per average issue (up…
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National
Clearance rates again above 70 percent on soaring volumes (11/12/16)
Auction markets continue their strong run, with the number of auctions recorded at the second highest level this year and clearance rates remaining above 70 percent for the 20th successive week Auction activity does not appear to be slowing through the festive period, with auction numbers reaching the highest level since March earlier this year. There were 3,411 auctions held…
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Brand Editorial
Accelerating Growth: Harcourts Adelaide Hills
Fresh from winning The Amazing Race in Elite Agent’s Transform PM Challenge, the team at Harcourts Adelaide Hills are implementing change and shaking things up across their three office network and the South Australian real estate market. Iolanthe Gabrie sat down with Director Trent Shorland, BDM Kerry Holding and Property Manager Rachel Torney to learn more about benchmarking for success,…
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INDUSTRY NEWS
RateMyAgent Agent of the Year Awards 2017
RateMyAgent review and ratings site have announced the criteria for their national, state and suburb awards for 2017 and are calling for agents and agencies who have claimed their profile to seek more customer reviews to be in the running. National and state-based awards will be presented at the RateMyAgent Awards Night, held in Melbourne on 9 March, 2017 with…
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Elite Agent
REA Group Property Demand Index – November 2016
REA Group has released their Property Demand Index for November 2016 showing variable results across capital cities with weakening demand in some locations and a stabilisation in demand. “Perhaps there is a sense of nervousness among Australians following the recent US election, because demand levels stabilised in November, increasing by just 0.1% during the month,” commented REA Group Chief Economist,…
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Elite Agent
Capital city values rise as cycle clicks over 4.5 years of growth, CoreLogic November Index
The CoreLogic November Home Value Index results released last week released showed a rise in dwelling values across most capital cities, however, CoreLogic Head of Research Tim Lawless has noted that it is the ‘softest capital city result since December 2015’. Throughout November, capital city dwelling values rose by 0.2%. While the headline results remained in positive growth territory, the…
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Real Estate News
iBuyNew Rated Among Fastest Growing Asia Pacific Tech Companies
National online property marketplace iBuyNew Group Limited (ASX-IBN) has been named among the fastest growing technology companies in the Asia Pacific region. IBN ranked 67th on the Deloitte Technology Fast 500 Asia Pacific 2016, a ranking of the 500 fastest growing technology companies in the region. Rankings are based on percentage revenue growth over three years. The recognition from Deloitte…
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National
Clearance rates hold steady on falling auction volumes (04/12/16)
Capital city clearance rate remains strong for the first week of Summer at 75 percent, while the number of auctions has fallen week-on-week The combined capital city preliminary clearance rate rose this week to 75.0 percent, up from last week’s final clearance rate of 73.0 percent. This week’s auction market results indicate that clearance rates are maintaining strength coming into…
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National
Auction markets continue their strong run (27/11/16)
Auction markets continue their strong run of high clearance rates after the second busiest week for auctions so far this year Auction volumes increased with 3,367 properties taken to auction this week. This was the second highest number of reported auctions this year for the combined capital cities, up from 2,987 over the previous week. Despite the surge in auction…
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Real Estate News
New Australian development site portal delivers results for real estate agents, developers & investors
A new site, PermitReady.com.au has been launched, dedicated to selling and searching for development sites. The site already features more than 1000 permit-approved and permit potential sites across Australia. Less than two years old, the business launched in March 2015 with the goal to connect property developers and investors to development sites across Australia. In the nine months from January to September…
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Real Estate News
Property Pulse – Market Update, CoreLogic week ended 24 November 2016
CoreLogic released its weekly property pulse, this week including some interesting insights on ABS data released last week relating to employment, household incomes and construction. Employment Late last week the Australian Bureau of Statistics (ABS) released labour force data for October 2016. While the headline unemployment rate of 5.6% was steady over the month at its lowest level since February…
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Every Agent Has a Story
Every Agent Has a Story: Liana Slipetsky
Our next story comes from Liana Slipetsky, Co-Founder of iAgree, who shares the two key lessons she learned, following a roof replacement job that was completed on the wrong house. Attend the site with a landlord before committing to any decisions regarding maintenance. Review and inspect every single detail before signing off on a maintenance job (in this scenario, is…
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EPM: News
Falls in Rental Affordability Causing Stress for Low Income Earners
Sydney continues to be Australia’s least affordable city for rental accommodation but, of all cities, Melbourne has seen the greatest decline in affordability since 2013, according to the latest Rental Affordability Index (RAI), released on 23 November, 2016. “The latest Rental Affordability Index shows housing stress is a common reality for people in the rental market, especially those on low…
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Transform
Transform PM Ep 17: PM Maintenance and Risk, Phil Oakes
Thank you to our final episode sponsor: PropertySafe, provider of inspection and reporting systems that will address the current risks and issues associated with personal injury at and around homes. For more info, visit propertysafe.com.au Coach: Phil Oakes Coaching Transcript: I’ve said this so many times and it’s so true. Of all the industries I’ve worked in, the property management…
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Brand Editorial
Eview Awards its best on the Group’s 10 Year Anniversary
The Eview Group hosted its 2016 Awards for Excellence at Melbourne’s Crown Studio 3 last Saturday night. More than 300 Directors, Sponsors and Partners attended the party in formal ‘masquerade’ dress. The night also coincided with Eview Group’s 10 year anniversary. In his address to the group, Manos Findikakis said he couldn’t have asked for a better night of celebrations to…
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National
Preliminary clearance rates lower on higher volume (20/11/16)
The final auction clearance rate last week was at 75.8 percent. This week’s preliminary result this week is steady at 75.6 percent. Auction volumes have trended slightly higher this week. There were 2,950 auctions held across the combined capital cities, with week-on-week results showing an increase over the 2,897 reported capital city auctions last week. With the number of auctions…
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Elite Agent
World GIS Day 2016
Did you know that today (16 November 2016) is world GIS Day? Of course you did. But on the off-chance that you haven’t yet heard of this auspicious calendar event, GIS Day is an international day to demonstrate the value and real-world applications of geographic information systems (GIS) technology – and in recognition, aerial imagery and data visualisation company, Nearmap,…
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Elite Agent
November Outlook: Cameron Kusher, CoreLogic
The CoreLogic Home Value Index showed that in October 2016, combined capital city home values rose by 0.5%. CoreLogic estimates that as at the end of October 2016, the total value of residential property nationally was $6.7 trillion. Adelaide and Hobart were the only capital cities in which values fell in October. Over the three months to October 2016, combined…
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Transform
Transform PM Ep 14: The Social Property Manager, Josh Cobb
Thank you to our Episode 14 sponsor: My Real Estate CPD, an innovative and new Real Estate training experience, and, where approved, a completely new continuing professional development or CPD experience. All online courses are all fully “self-contained” online. For more info, visit myrealestatecpd.com.au Coach: Josh Cobb Coaching Transcript: Well, I’m a little bit excited to talk to you guys today.…
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National
Preliminary clearance rates hold steady at 77.5% (13/11/16)
This time last week, the preliminary clearance rate was reported to be at 77.5 percent as is the case with this morning’s report. As results come in over the coming days, we will get a firmer view on how the numbers end up however with a strong preliminary headline result and increasing volumes of properties going to auction, the market appears…
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