National
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Auction activity makes way for the footy and long weekend
National auction clearance results for the week ending 01/10/2017 courtesy of CoreLogic Despite lower auction volumes, clearance rates held firm, returning a preliminary result of 69.4 percent, rising from the 66.2 percent last week when final results saw volumes reach their highest level since May this year (2,782). Melbourne was the main driver of the strong clearance, with a preliminary result just…
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The wealth effect of housing: Core Logic Property Pulse
Mr Lawless said, “The strong capital gains evident across the Sydney and Melbourne housing markets have created a significant boost in wealth for home owners who were fortunate enough to own a property through the latest growth cycles. However, the rate of capital gain has been remarkably lower across other markets with home owners outside of Sydney and Melbourne now…
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Are Golden Week holidays still as lucrative as they were in the past?
Golden Week holidays are important but less than they were in the past, suggests Carrie Law, the CEO of Juwai.com. The Chinese international real estate website said Golden Week has an impact on Chinese international real estate buying, but it is overstated by marketers. Golden Week is a week of public holiday in China during the first week of October…
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Home loans more affordable than they were a year ago: PRDnationwide
New South Wales New South Wales’ home loan affordability has increased by 3.7% over the past 12 months, to 27.7 index points. Although still the lowest index reading compared to the rest of Australia, its affordability growth is on par with Queensland (3.6%). A key finding for New South Wales is in relation to potential future demand for residential real…
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Australian property investors remain confident about the benefits of residential real estate: PIPA survey
The national survey, which gathered insights from 742 property investors, shows that more than 70 per cent of respondents think now is a good time to invest in property, with 61 per cent looking to purchase a property in the next six to 12 months (up from 58 per cent last year). However, concerns over changes to investor lending policies…
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Microsoft Ignite 2017: Tech giant announces focusing on AI and quantum computing
The tech giant, led by CEO Satya Nadella, revealed details about its efforts to use artificial intelligence (AI), data and cloud tech to help customers create the future of business and innovate for the future. In his opening address, Nadella asked the question “How are we going to empower people?”. He went on to say that every piece of technology…
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ABS reveals more people living in apartments than 25 years ago
The 2016 Census of Population and Housing found that 10 per cent of all people in Australia spent Census night in an apartment. There is now around one occupied apartment for every five occupied separate houses in Australia – compared with one to every seven, back in 1991. The growth in apartment living is primarily an urban phenomenon, concentrated within Australia’s…
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McGrath announces new social advertising strategy focusing on Facebook and Instagram
“For the past 12 months, we have been actively working with our network to maximise their social advertising results through various partners. We are now in a position to take our brand and property social advertising to the next level, through the implementation of our own in-house digital marketing platform. “Further, we are thrilled to announce that McGrath will become…
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New e-conveyancing platform Titlexchange tackling inefficiency
The platform digitally automates parts of the conveyancing transaction, and it facilitates completion of the rest of the process by matching property buyers and sellers with a local conveyancer. It also enables stakeholders to the transaction to check the progress of the transaction and communicate directly with their conveyancer. Partnerships with broker platforms including HashChing and eChoice means more than…
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RE/MAX reveals refreshed branding with digital in mind
The bold new presentation of logos, wordmarks, international signs and the iconic RE/MAX Balloon was released at the San Francisco Broker Owner Convention in August; and the same month, delegates at the RE/MAX Asia Pacific Convention on the Gold Coast, Queensland got to sample the refreshed brand for themselves. Since then, RE/MAX Australia and RE/MAX New Zealand have focused efforts…
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First National Real Estate wins Canstar Blue’s customer satisfaction award for second year in a row
Canstar Blue surveyed 1000 people to find out if real estate agents are living up to expectation across customer service, communication and value for money. The survey found that more than two-thirds of customers surveyed (67 percent) experienced poor communications from an estate agent, while only 61 per cent would recommend their agent to a friend. 31 per cent of…
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Century 21 expands corporate team with new appointments and focus on digital
Century 21’s marketing team will now be under the direction of two new national marketing managers – Nic Atkinson and Bianca Anton. Nic Atkinson has over 15 years’ experience as an advertising copywriter, eight years as a franchise owner and four years as a real estate agent. He has amassed a suite of communication skills well suited to a real…
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National award for RE/MAX recognises expansion and support
RE/MAX Australia’s Joel Davoren this week announced the real estate franchise’s inclusion in the 2017 Topfranchise Awards as listed by SEEK Business and 10 THOUSAND FEET. “We are rated in the top ten winners for expansion and support, which is affirmation that we are on track with our core business values and beliefs. “Growth is one of the five RE/MAX…
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The Hills, Sydney, welcomes RE/MAX
RE/MAX Australia continues its commitment to New South Wales expansion, and the Sydney market in particular, with the launch this week of RE/MAX Hills Lifestyle in Baulkham Hills. Experienced local agent Joe Scavera has rebranded his agency, Chelsea Real Estate, partnering his team’s local market experience and expertise with the strength of a global real estate brand. According to Mr…
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Spring Selling auction volumes continue to rise across the combined capital cities
National auction clearance results for the week ending 24/09/2017 courtesy of CoreLogic Auction volumes have increased across all but one of the capital cities this week with a total of 2,759 homes taken to auction, making it the busiest week for auctions since the end of May. So far, 2,226 results have been reported to CoreLogic, returning a preliminary clearance rate of…
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High income households more likely to be over-indebted than lower income households: CoreLogic Property Pulse
High income households are less likely to be debt free and are more likely to be over-indebted than lower income households. This is the main insight from the 2015-16 household income and wealth survey conducted by the Australian Bureau of Statistics (ABS). The results, which includes household debt and over-indebtedness, considers a household to be over indebted if their debt…
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Uber: Over it?
With the mandatory deadlines for complete electronic settlement on the horizon in 2019, there is a lot of distance to cover between the milestones of paper – less paper – and ultimately, paperless transactions. The time and profit created by going paperless is a compelling benefit to real estate agents and business owners, yet according to an industry survey (commissioned…
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Probuild revealed as the nation’s most active construction company during 2016/17
The Housing Industry Association (HIA) Construction 100 report presents in-depth analysis of the engineering construction, non-residential building, and apartment sectors and ranks the largest 100 companies operating in these sectors. Victoria-based Probuild has made the most of the apartment boom in Melbourne and Sydney as well as the demand for construction of mixed-used developments including luxury hotels to jump from…
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Metricon Homes revealed as the nation’s number one residential builder
The HIA Housing 100 report shows Metricon Homes reported a total of 4,367 starts – two more than last year – across Victoria, Queensland, New South Wales and South Australia. This included 3,876 detached houses and 491 semi-detached dwellings. The number of new houses commenced in Australia has fallen over the last year, but the bar for entry into the…
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Melbourne may be the new hotspot for Chinese Investment: Juwai.com
Chinese buyer demand for Australian property by might be down from the boom period of the last two years but by no means will it taper off, according to Jon Ellis, CEO of Investorist. Mr Ellis, CEO of Investorist, says that buyer demand from Chinese investors is down in 2017, but needs to be seen in context. “Yes the…
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Sydney and Melbourne drive property price rise of 1.9 per cent
Price rises in Sydney (2.3 per cent) and Melbourne (3.0 per cent) were partially offset by falls in Perth (0.8 per cent) and Darwin (1.4 per cent). “Residential property prices, while continuing to rise in Melbourne and Sydney this quarter, have begun to moderate. Annual price movements ranged from -4.9 per cent in Darwin to +13.8 per cent in Sydney…
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LJ Hooker surpasses $7 million fundraising milestone
LJ Hooker today announced it has surpassed a landmark fundraising milestone, having raised more than $7 million to date for charity, including more than $570,000 in just 12 months via the LJ Hooker Foundation. LJ Hooker Foundation was established last year to bring together the fundraising efforts of its people across its Australian network of offices who come together to…
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Lenders slash home loan rates as competition for customers heats up ahead of spring selling season: Mozo
The financial comparison site found that 31 lenders have slashed variable rates since August 1, while competition in the fixed rate segment of the market is at its highest in almost 12 months. One in three lenders have cut at least one fixed rate term since the start of August. “Our database shows the number of fixed rate cuts has…
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Ray White international awards celebrates high achievers
The Auckland business has won the award in the Ray White group for the third year in a row. “We are thrilled, proud and very grateful to our community for their ongoing trust in our team,” said Ray White Remuera principal Megan Jaffe. “We are honoured to again be the number one office, credit goes to the team effort as…
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Airtasker founder launches ‘LinkedIn for real estate’ platform Soho
Soho is a property network and app that makes properties discoverable and to help manage everything about property, from storing files to chatting to an agent or property manager. Describing the platform like ‘LinkedIn for Property’, he says, “The big difference with what we are doing as opposed to other startups is we work closely with the industry to bring…
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Dulux predicts colour and design trends for 2018
‘Heartwood’ is a shade of pink described as between a “smoky taupe and dusky mauve” and isn’t a surprising choice given the design world’s obsession with ‘millennial pink’ and the shade’s popularity. While Dulux Australia hasn’t released a colour of the year, it has forecasted key colour trends and combinations that we will be seeing in homes. Dulux Australia says…
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Auction volumes increase with clearance rates remaining representative of the state of the market.
There were 2,490 auctions held across the combined capital cities this week, up from 2,258 last week, making it the busiest week for auctions since the beginning of June. Based on preliminary results, the combined capital city clearance rate was recorded at70.3 percent this week, up from 66.9 percent last week, although this will likely revise lower over the next…
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NSW Fair trading update on deadlines, by-laws, fire-safety, fraud prevention and holiday lettings
Real estate audit deadlines NSW Licensees are reminded that the deadline for real estate audits is 30 September 2017. The qualified audit must be lodged within 3 months after the end of the audit period and for most agents, must be submitted with the Director-General by the due date. If a qualified trust account audit is not lodged by the…
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Purplebricks launches in USA
Purplebricks Group plc via the London Stock Exchange announced a launch of it’s hybrid agency business model in Los Angeles, USA last Friday. In line with its planned region by region rollout which they say has been successfully adopted for entry in the UK and Australian markets, Los Angeles marks the entry point before extending across the state of California…
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Strict New Fair Work Laws for Franchisors
With Federal Parliament passing new workplace laws, Cameron Hancock, Commercial Lawyer at BusinesDEPOT , says that the amendments are going to be a wake-up call for Franchisors. “Franchisors no longer can turn a blind eye to poorly behaving franchisees. The onus has shifted…the franchisor now holds the onus of proof to prove that they took reasonable steps to prevent franchisees…
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Growth in owner occupier and investor finance continues price increase: REIA
REIA Real Estate Market Facts for the June quarter 2017 show the weighted average median price for houses for the eight capital cities increased to $768,227, with prices increasing everywhere except for Adelaide and Perth. “The weighted average median price for other dwellings increased to $604,456, again driven by median price increases in Melbourne and Sydney and, to lesser extent, in…
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CoreLogic Property Pulse: Affordability deteriorating at affordable end of housing market
Over the 12 months to August 2017, the most affordable 25% of residential properties nationally recorded value growth of 2.9% compared to growth of 8.0% across the middle 50% of suburbs, and 11.4% growth across the 25% of most expensive suburbs. According to analyst Cameron Kusher, across all market segments the national annual rate of value change has started to…
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Family and Community the winning combination for Kris Cunningham
The Josh Phegan team held their annual Blue-print conference in Queenstown at the base of the stunning Remarkables on Tuesday the 12th and Wednesday the 13th of September 2017. At the event, four incredible finalists from across New Zealand were invited to share their story of triumphs from humble beginnings in the annual Changed Agent Awards proudly supported by PropertyPress.…
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Are You Ready for Paper to Turn Off?
Remember when they turned off analogue TV? My nan was really upset about it at the time. “What’s wrong with how TV has always been?” was the main question, but beneath it was fear, deep-seated, that her routine of 5.30pm Wheel of Fortune would be ‘disrupted’. She resisted the change until the mandated switch to digital TV took effect and…
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RE/MAX Auctioneer showdown on convention stage
Greg Parker from RE/MAX Regency, Robina, had claimed the title in 2015, while Paul Gaffney from RE/MAX Executives, Holland Park was last year’s winner. With New Zealand contender Eric Chase from RE/MAX Zest in Remuera unable to make it to the Convention because of unforeseen circumstances, Ben Kloppers from RE/MAX Realty Group in Warkworth nobly stepped in and gave the…
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