National
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Snug.com launches BondCover to free up rental bonds
Rental community platform startup Snug.com is launching its first feature, BondCover, a surety bond designed to transform the rental market by freeing up $4 billion worth of rental bonds. “With 2.5 million renters across Australia, it’s time to recognise good renting,” says Justin Butterworth, Founder of Snug. “The current cash bond system is completely outdated, and the resulting liquidity and…
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CoreLogic Property Pulse 24 August: Housing turnover remains low
Housing turnover remains low despite strong selling conditions in Sydney and Melbourne, according to latest CoreLogic data. CoreLogic data confirms over the 12 months to May 2017 only 4.8 per cent of all houses nationally actually sold, highlighting just how little stock sells in a given 12-month period. Across house sales over the past 12 months, Tasmania recorded the highest…
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Bouris invests in virtual estate agent Property Now
Mr Bouris and his ASX-listed investment and mortgage broking firm Yellow Brick Road have taken a 5 per cent stake in PropertyNow, joining BRW rich-lister Jeremy Same as shareholders in the privately-held company. PropertyNow founder and director Andrew Blachut said three years of courting Mr Bouris paid off when he bought into PropertyNow earlier in this month. “The business is…
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Danielle Mariu of Port Hedland, WA wins Josh Phegan’s Changed Agent Award for 2017
The Josh Phegan team held their annual Blue-print conference in Sydney at the stunning IVY in George Street on Tuesday the 15th and Wednesday the 16th of August 2017. At the event, four incredible finalists from across Australia were invited to share their story of triumphs from humble beginnings in the annual Changed Agent Awards proudly supported by Agent Box.…
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InspectSafe: Streamlining the inspection process
InspectSafe is the latest inspection management solution transforming the way residential property inspections are managed across Australia and New Zealand. It is an inspection app that provides essential personal safety features for property managers, whilst delivering peak efficiency and the real-time outcomes which property owners expect from professional management. InspectSafe captures key information from all trust systems and covers all…
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realestate.com.au study reveals Australians not so neighbourly
The study surveyed Aussies’ regard, or lack of, for their neighbours. More than 15 per cent admitted they go out of their way to avoid speaking to a neighbour, while one in five revealed they’d previously had a dispute with someone living in their street. realestate.com.au Executive General Manager of Residential, Andrew Rechtman, said the findings showed that for the…
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REA Group appoints Val Brown as Executive General Manager – Consumer Experience
REA Group has appointed Val Brown to the role of Executive General Manager of Consumer Experience. She will be part of the company’s Executive Leadership Team, reporting to REA Group Chief Executive Officer, Tracey Fellows. Ms Brown is responsible for driving the Group’s consumer product strategy for realestate.com.au and Flatmates.com.au. With a specific focus on personalisation, her product, design and…
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Bankwest housing density report shows NSW only state to see growth in medium density housing approvals
New South Wales was the only state in Australia to experience growth in medium density approvals in the 12 months to March 2017. That is one of the key findings of the Bankwest Housing Density report which analysed approvals in medium density and low density housing over both the long and the short term. The report also found that NSW…
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Ex-CEO of LJ Hooker Joins LocalAgentFinder
LocalAgentFinder is a leading comparison platform that enables property owners to compare local real estate agents or property managers for their sale or leasing requirements. The business, led by Matt McCann, the former CEO of iSelect, is continuing to explore its strategic options including an Initial Public Offering (IPO) as part of its growth strategy. Mr Harrod is the current…
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R&W Colours Up for Starlight Foundation
They took part under the red banner of Richardson & Wrench, wearing purple and yellow wigs for the Starlight Children’s Foundation. And, at the end of the 5km Color Run fundraiser around Centennial Park, the 120 R&W runners, smeared top to toe in bright paint, had collected more than $10,000 to make the lives of seriously ill children just a…
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Whitsunday’s Island for sale
Drop the suitcases, wash away the cares of the world, sink into relaxation and become immersed in a tropical paradise … there’s absolutely nothing more to be done. That’s the message from the owner of Victor Island, in the blissful Whitsundays, who has placed the cherished property on the market for $3.5 million. Paul Sullivan and wife Megan bought the…
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Preliminary clearance rate increases to 71.7 percent, while auction volumes remain steady
National auction clearance results for the week ending 20/08/2017 courtesy of CoreLogic Volumes continue to track higher than what was seen over the corresponding July-August period last year. Across the two largest markets, Melbourne’s preliminary clearance rate rose this week (77.7 percent), after last week’s final results saw a weakening in the rate of clearance, falling below 70 percent for the first…
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Elders digital strategy drives consumer holiday competiton
Elders Real Estate has announced a national competition to drive customer engagement, brand awareness, and importantly, generate local leads for agents. The competition will run until the end of October and provide potential clients with the opportunity to win a $15,000 holiday experience, through registering and receiving a sales or rental appraisal. Elders Real Estate National Marketing Manager, Belinda Connor…
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realestate.com.au unlocks homes of the future
Future Homes, created by Neighbourhood Films for realestate.com.au, showcases the convergence of changes across architecture, technologies, population and socio-cultural trends. From the tiny house movement to the latest in smart homes, realestate.com.au Creative and Video Manager Monique Knoblanche said the video series was an exploration into the progressive change taking place in the way we live in our homes. “We…
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Raine & Horne takes community approach with Local Hero campaign
“Our Local Hero campaign is a community-focused promotion that will support those sporting clubs achieving great things in their local communities,” said Angus Raine, Executive Chairman Raine & Horne. “Grassroots sports are the lifeblood of many Australian communities, yet they are often forced to operate on the smell of any oily rag. “We believe they deserve some financial support through…
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Real Estate Bookings Launches REBconnect
The Real Estate Bookings platform captures buyer and tenant enquiries from a range of online channels. The platform integrates with Facebook, Instagram, property websites and real estate portals. This data can now be used to directly remarket listings to in-the-market buyers via social media. Combining this with other data sources, such as CoreLogic, Acxiom and Quantium, means every property advertisement…
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CoreLogic Property Pulse: housing stock under $400k declines
New research by CoreLogic shows properties in the $400,000 price bracket have declined. The research shows that across Australia, 31.2% of houses and 37.3% of units sold transacted for less than $400,000. By comparison, a year ago the proportions were recorded at 32.8% for houses and 38.6% for units. A decade ago, 62.4% of all house sales and 68.9% of…
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Australasia’s best auctioneers vie for ultimate gavel in SA
Australia’s best auctioneers will compete for the title of champion in Adelaide which will host the 2017 Australasian Auctioneering Championships from 6-7 September 2017, hosted by the Real Estate Institute of South Australia. The annual competition showcases Australia and New Zealand’s best auctioneers who are ready to take up the challenge with a frenzy of calling, bidding and selling. “The…
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Stockdale & Leggo Wins Gold Stevie Award in 2017 International Business Awards
Stockdale & Leggo was named the winner of a Gold Stevie® Award in the Real Estate category in The 14th Annual International Business Awards. The International Business Awards are the world’s premier business awards program. All individuals and organisations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations. The 2017 IBAs received entries…
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Belle Property Celebrates the Best of 2016-2017 at Annual Awards
Belle Property Dee Why swept the awards evening and were crowned the number one office for gross commission earned and number two for number of transactions. Agent Nick Duchatel was ranked the number one agent (GCI), Lauren Bridges was awarded BDM of the Year (transactions) and agent Jo Morrison received the Excellence Award for most improved over a two-year period.…
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REA Group goes live with a design uplift for new homes
REA Group has gone live with a design uplift to the new homes section of their website. With half of property seekers on realestate.com.au considering off-the-plan property, REA’s Joseph Lyons said the section of the site (https://www.realestate.com.au/new-land-estates/) plays a critical role in meeting the needs of consumers across Australia, and also offshore investors. Mr Lyons, REA Group Executive General Manager – Developer…
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Fairfax confirms Domain will begin trading in Mid-November
Fairfax Media expects Domain to begin trading in mid-November after it separately lists the real estate classifieds and services business, the AFR reports. Fairfax released details of the spin-off following the release of their full year results, which saw the publisher report a net profit of $84 million. Fairfax also reported a six per cent reduction in operating costs, thanks…
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LJ Hooker and Facebook team up in game-changing digital strategy
The announcement forms part of LJ Hooker’s $1 million investment in the Spring launch of its integrated digital and social media platform, LJ Hooker Boost developed by the group’s innovation centre, LJX-Lab. LJ Hooker Boost is a custom-built, automated Facebook and Instagram advertising platform, powered by strategic partner Tiger Pistol, which will amplify the profile of agents, listings and generate…
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Recent Slump in Investor Mortgage Demand Slowed in June 2017
In June 2017 there was $33.3 billion worth of housing finance commitments which was 0.8% higher than the previous month and 2.9% higher than June 2016. In June 2017 there was $20.7 billion in housing finance commitments to owner occupiers with a further $12.5 billion to investors. The total value of owner occupier housing finance commitments was 0.3% higher over…
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Auction volumes highest they’ve been for 6 weeks with a low 70’s clearance rate.
National auction clearance results for the week ending 13/08/2017 courtesy of CoreLogic This was the largest number of auctions held since the last week of June 2017 and approximately one third higher compared with the same week a year ago. However, as more results are collected it is expected that the final auction clearance rate will be revised lower to remain within…
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Demand for Australian property hits a new peak, REA Demand Index
According to the REA Property Demand Index, after a choppy few months, demand surged again in July with even the struggling WA market starting to hit its stride. Only one section of the Australian market, NSW apartments, saw a slight drop in demand. Chief Economist Nerida Consibee said, “Given that the state has been seeing decades of housing undersupply, this…
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Harcourts Group Australia Continues Market Share Growth
With an estimated market value in third position overall against all real estate groups nationally, Harcourts was the only national group amongst the top five to have effected an increase in market value over the past quarter reporting, according to CoreLogic. According to a release supplied by the company, of the seven states in which the national real estate franchise network…
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First Home Buyers Returning to Housing Market
“The proportion of first home buyers, as part of the total owner-occupied housing finance commitments, increased to 15.0 per cent and is the highest since February 2014. The number of first home buyer commitments increased by 1.6 per cent for the month, following a 28.9 per cent increase the previous month and is the highest since October 2014, ” REIA…
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Michael Davoren to represent RE/MAX Australia at Global Franchise Forum
For the first time outside of the United States, six RE/MAX franchisees will meet as the Global Franchise Forum (GFF) at the RE/MAX Asia Pacific Convention on the Gold Coast at the end of this month, with their goal to bring information from the 100-plus countries in the RE/MAX network. RE/MAX Australia and RE/MAX New Zealand Managing Director, Michael Davoren,…
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Walk A Mile In Their Shoes 2017 set for 1 September
At eight locations across Australia, Harcourts staff, family, friends and supporters will ‘walk a mile’ in women’s heels to show solidarity and bring awareness of violence against women. Raising funds through the group’s charitable arm, The Harcourts Foundation, all monies raised will support White Ribbon’s ‘Breaking the Silence’ prevention initiatives in primary and secondary schools. The fifth annual event aims…
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CoreLogic Property Pulse and auctions 10 August 2017 – Million Dollar Sales at Record Levels
Research by analyst Cameron Kusher shows that the cost of housing has continued to rise in most parts of the country over the past 12 months. He said, “Bracket creep should come as no surprise in markets like Sydney and Melbourne, where dwelling values have increased by 77 per cent and 61 per cent respectively over the past five years.…
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Reapit launch new digital module to enable 24/7 interaction with clients
The new digital tools are fully integrated with Reapit’s CRM software to support the ultimate customer service experience by offering clients choice and flexibility on how and when they communicate with agents. Changes made in the CRM software are immediately reflected in the digital portal and vice versa. RPS Digital allows vendors to make real-time property appraisal bookings by displaying…
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Raine & Horne launch a new office in Fiji
With the launch of this office in Fiji, Raine & Horne has plans to open more offices in the Pacific, the Indian subcontinent, and the Middle East in the next 12 months. It has recently opened two offices in Dubai. “Australia is a global leader in the delivery of real estate agency best practice, and Raine & Horne is a…
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Auction volumes were down in the first week of August however preliminary clearance rate was higher
National auction clearance results for the week ending 06/08/2017 courtesy of CoreLogic The preliminary auction clearance rose to 71.5 percent, after last week saw the final auction clearance rate fall slightly to 68.7 percent (revised lower from a preliminary clearance of 70.7%). Over the last month, auction volumes have remained relatively steady and while clearance rates have shown a softening, final results…
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RE/MAX rebrands finance arm
RE/MAX Australia has announced the rebranding of its finance arm and the real estate network’s position as its sole owner. Pivotal Financial, formerly Australian Property Finance, will leverage from the growing RE/MAX network and from its new strategic partnership with Connective, Australia’s leading aggregator. Matthew Andrews, the recently appointed General Manager of Pivotal Finance, said his division would offer RE/MAX…
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