National
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RE/MAX real estate network follows global growth path
RE/MAX Australia expanded its national footprint with the addition of 19 offices since the start of 2016. RE/MAX opened in Caufield in Victoria; Kingston in the ACT; Byron Bay, Parramatta, Minchinbury, Pyrmont and Lidcombe in New South Wales; and Mackay, Ipswich, Wamuran, Ningi, Crows Nest, Graceville, River Hills, Indooroopilly, Milton, Coopers Plains, Sunnybank Hills and Brisbane CBD in Queensland. “It’s…
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Residential zones changes a step in the right direction: HIA
The Victorian Government’s plans to change some requirements of the residential zones will improve housing outcomes in its suburbs said the Housing Industry Association (HIA). HIA’s acting executive director Keith Banks said the state government’s recent announcement on amending the residential zones has been seen as a logical starting point to improve residential outcomes. In the past HIA has argued…
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REIA: Property prices reflect state economies
The median house price across Australian capital cities has risen by 4.1 percent for houses and 2.1 percent for other dwellings, the latest research by the Real Estate Institute of Australia (REIA) has found. The REIA Real Estate Market Facts for the December quarter last year saw the average median house price for the eight capital cities at $743,496. REIA president…
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HIA is happy that Federal Gov is doing more to help first home buyers
The Housing Industry Association (HIA) has thrown its support behind the Turnbull Government’s to focus on first home buyer access and reducing the costs of new housing supply. Treasurer Scott Morrison is currently in London, looking to find ways to open up our housing market to more people and help solve the crisis in some of our cities, taking the…
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Ray White Feb results rises by four percent to $3.44B compared to same month last year
Ray White Group’s total sales of dwellings for this February has risen by four percent or $3.44 billion as compared to the same corresponding month last year. Ray White chairman Brian White AO in a statement said the company’s franchise in New South Wales (NSW) and Victoria achieved the best for performance in February, reaching $1.13 billion and $526 million…
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REIA Launches Course For Agents Providing Financial Advice
The Real Estate Institute of Australia (REIA) has partnered with the Institute of Public Accountants (IPA) and launched a new training course for real estate agents providing advice on properties as an investment. REIA president Malcolm Gunning said the RG146 Advice for Real Estate course by IPA would be made available immediately through Mentor Education, a training company based out…
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Keiren Cooney appointed as REA Group first ever CMO
REA Group has appointed Kieren Cooney as its chief marketing officer (CMO) in this newly created role. Cooney joins REA Group armed with more than 20 years experience in various senior marketing and telecommunications roles which includes the former chief executive of Omnicom Interbrand. Before Omnicom, Cooney has also held CMO positions with NBN Co and Telecom New Zealand. His…
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Harcourts Victoria Nominated in the Innovation Category for REIA’s National Awards
Harcourts Victoria was chosen as one of the contenders in the innovation space for the Real Estate Institute of Australia (REIA) National Awards for Excellence held in Canberra on March 23. The group is no stranger to such awards as it bagged a similar one at the Real Estate Institute Victoria awards for excellence in innovation last year. Harcourts head…
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RE/MAX agents making top sales
RE/MAX agent Tyler Bean made the top ten Brisbane sales list recently with a home in Charteris Street, Paddington, selling for $1.6million. The contemporary home over three levels, with a pool and views, sold under the hammer on 25th February. The median price for a four-bedroom Paddington home is $1.15 million. “The beautiful views were a definite selling point, and…
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Ray White agent competing in Half-Ironman World Championships in the US this September
One of Ray White’s newest recruits will be representing Australia in the Half-Ironman world championships in Tennessee, the US this September. Right now, Shaun O’Callaghan, 23 keeps his full-time role as Brett Pilgrim’s buyers agent of Ray White Adelaide, while at the same time committing to a gruelling 25-hour-a-week training schedule. “I train twice a day most days, for around 90…
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Henry Ruiz appointed as Interim CEO for REA Group Asia
REA Group has announced that it has appointed Henry Ruiz as its new Interim CEO for REA Group Asia effective immediately. Ruiz, who is currently REA Group’s chief digital officer, will oversee the group’s Asia business including iProperty Group across Southeast Asia and its Chinese property site Myfun.com, the company told ASX on Friday. Ruiz will continue to report to…
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New home building activity to move back a notch Australia-wide this year
New home building activity in Australia is forecasted to move back a gear in this year from the record highs seen in the past 12 months, said Housing Industry Association latest national outlook report which was released yesterday. “New dwelling starts hit an all-time high of 228,230 during the year – the culmination of the longest housing upturn since the…
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Capital city preliminary auction clearance rate rises to 80.8 percent on half the volume
Capital city preliminary clearance rate rises to 80.8 percent, with auction activity across the capitals significantly lower National auction clearance results for the week ending 12/03/2017 courtesy of CoreLogic This week 1,402 auctions were held across the combined capital cities, significantly lower than the 2,907 held last week and lower than one year ago (1,488). Four out of the eight states and…
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Housing Bubble Speculation Unwarranted: Ray Ellis
First National Real Estate which comprises one of the country’s largest networks of independent agents believes constant media speculation about the risk of a housing bubble is based on overseas analysis that fails to account for the country’s unique circumstances. “The Organisation for Economic Cooperation and Development’s (OECD) recent assertion that Australian house prices may represent a threat to the…
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New home loans down in Jan: HIA
Loans for new homes have contracted in January affecting the overall lending activity among interested purchasers, according to the Housing Industry Association (HIA). Figures released on Friday by the Australian Bureau of Statistics indicate that the volume of loans for new homes eased back during January, HIA senior economist Shane Garrett said. “Despite the reduction during January, the actual volume…
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Why Social Media Should Now Be Considered Traditional Media: Anders Sörman-Nilsson
Forty-eight percent of small businesses and 79 percent of large companies have turned to social media to promote their brand and business to the world. TEDx speaker and author of Seamless “A Hero’s Journey of Digital Disruption, Adaptation and Human Transformation” Anders Sörman-Nilsson said companies without a social media presence were expected to add at least one platform in the…
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Husband and wife duo opens another Raine & Horne branch in Sydney’s Botany
Two of Raine & Horne long term employees have decided to capitalise on the franchise’s aggressive expansion plans by opening an office of their own in Botany on March 6. Paul Kosta who had worked for the company for the past 15 years at Raine & Horne Maroubra while his wife Olivia spend 10 years in the property management sector…
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Two Young Guns Appointed Into Top Positions at Allard Shelton
Melbourne-based commercial real estate firm, Allard Shelton has appointed James Gregson and Michael Ryan as its executive director effective immediately. They will join Allard Shelton from Fitzroys, bringing with them more than 13 and 15 years’ experience, respectively in the commercial property space. Allard Shelton director, Joseph Walton, said the appointments were part of an effort undertaken by the company…
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Raine & Horne expands to Riverwood, New South Wales
As part of its continued expansion in Sydney’s South, Raine & Horne has opened a new office at Riverwood. The new office will be led by Gary Singh, who has recently rebranded his three year business Goldstarr Property Group into the 134- year old real estate franchise for ease of business. “Raine & Horne is high in the South West,…
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REIA’s Awards finalists revealed
The Real Estate Institute of Australia (REIA) has released the names of finalists for its awards night do which will be held at Hyatt Hotel in Canberra on March 23. REIA president Malcolm Gunning in a statement said the National Awards for Excellence 2017 would showcase Australia’s most outstanding performers in the profession, adding that the winners will be announced via…
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RatemyAgent award winners announced
The RateMyAgent 2017 Agent of the Year Award winners were been announced this morning, recognising those agents and agencies who have been the most consistently recommended in the system by their customers in 2016. Taking out the national title of Agent of the Year for Australia is Victorian based agent, Tim Heavyside, of Fletchers Canterbury, Victoria; while Phillips Pantzer and…
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Property Guru may consider to list in Australia, says its CEO
Singapore-headquartered Property Guru, one of Southeast Asia’s renowned property website may consider a stock listing in Australia next year, its chief said. In an interview with Bloomberg in Singapore last week, the portal’s CEO Hari Krishnan said the company which was backed by TPG Capital, an American investment company was on track in turning a profit this year as after…
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REIA: Affordability Declines Despite Historically Low-Interest Rates
Housing affordability has been reduced across all Australian states in the December quarter of last year, with New South Wales (NSW) remaining the least affordable state for homebuyers, according to the Real Estate Institute of Australia (REIA). The latest Adelaide Bank/REIA Housing Affordability report saw the proportion of income required to meet loan repayments rise to 30.4 percent, an increase…
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Australians and New Zealanders figure in RE/MAX top producers and leaders
Three memorable events at the 2017 R4 Convention held at Mandalay Bay Resort and Casino, Las Vegas in March celebrated leadership and sales success throughout the global RE/MAX network as the Special Awards Luncheon, the Club Luncheon and Night of the Stars Awards Gala showcased the results of professionalism and hard work. Named in the Top 10 individuals – global…
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Annual RE/MAX R4 Convention draws the best from around the world
Sixty Australian and New Zealand property specialists have returned from the 2017 RE/MAX R4 Convention in Las Vegas with an even greater appreciation of the global reach of the RE/MAX real estate network having shared valuable experiences with more than 6000 international colleagues. “The strength of the RE/MAX brand is remarkable,” said RE/MAX Australia and New Zealand Managing Director, Michael…
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Building approvals rises in January says HIA
The Australian Bureau of Statistics (ABS) data has recorded a growth in the number of building approval in January, the Housing Industry Association (HIA) said. HIA Senior Economist Shane Garrett said the total dwelling approvals rose by 1.8 percent in January due to robust activity recorded on the multiunit side and resulting in a 6.6 percent expansion in multi-unit dwelling…
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REIA: Renters Forgotten Victims of Negative Gearing Reforms
Changes to negative gearing policy would drive up rents and affect the most vulnerable people in the community, according to the Real Estate Institute of Australia (REIA). REIA president Malcolm Gunning said political gamesmanship had seen the plight of first homebuyers, low-income earners and other renters forgotten in the debate around reforms to negative gearing. “One of the primary beneficiaries…
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RBA leaves cash rate unchanged at 1.5 pct, industry reacts
The Reserve Bank of Australia (RBA) has left the official cash rate unchanged at 1.50 percent on Tuesday with no plans of an imminent hike anytime soon, the Housing Industry Association said. The association’s senior economist, Shane Garrett had welcomed the decision but felt some areas needed improvement especially when it came to tightening the conditions for investors. “There has…
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No relief in sight for buyers and renters as Aussie property demand skyrockets
Demand for property has hit yet another record high in February, suggesting that the price growth will continue, while the affordability crisis in Sydney and Melbourne will only become more prevalent, the latest REA Group Property Demand Index report said. As a result of this, people will continue to be priced out of the market and pushed to regional areas,…
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REISA wants stamp duty abolished to stop the state’s brightest from moving to the Eastern states
The Real Estate Institute of South Australia (REISA) wants its state government to replicate the move taken by the Victorian authorities in abolishing stamp duty for first homebuyers as it strongly believes the step would stem the outflow a huge brain drain from moving interstate. “The state government is always seeking ways of making South Australia more attractive to our brightest…
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Leading Dutch property portal uses big data to design houses that buyers want
Funda, Netherlands largest property website with over one million visits a day has started using big data to develop homes that buyers want. The portal which attracts more than 4.3 million unique visitors a month says the Dutch dreamed of living in castles, and many wished they could afford a detached house, but end up settling for a terrace homes…
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Household debts likely to stand in the way of rate hikes: Core Logic
CoreLogic Property Pulse research analyst Cameron Kusher has a strong inkling that the Reserve Bank of Australia (RBA) would not be increasing its interest rate in the short term due to record high levels of household debt filed by the Australian public. Kusher said RBA governor Philip Lowe suggested last week that if it weren’t for the strength of the…
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Auction clearance results continue their strong run into March after record February
Auction results continue their strong run into March, with Sydney and Melbourne recording an 80% clearance rate over the first week of the month National auction clearance results for the week ending 05/03/2017 courtesy of CoreLogic After recording the strongest result since June 2015 last week, the preliminary clearance rate across the combined capital cities fell slightly this week, from 78.4 percent…
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Maitland real estate agency joins Starr Partners
Maitland’s Tony Cant Real Estate will join one of Australia’s most innovative real estate groups, Starr Partners, and rebrand as Starr Partners Maitland from March 1. Having established itself in the Maitland area over the past 40 years, director Andrew Cant said the change will take Tony Cant Real Estate’s already thriving business to the next level, and clients and…
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Rent360 launches online marketplace for property management
Saying they are set to disrupt traditional property management businesses, startup Rent360 has launched an Australian online marketplace for property management that allows independent pm specialists to establish their own businesses. Co-Founder and Chief Operating Officer Penelope Valentine explained how the platform works: “Rent360’s recommendation engine matches property investors with up to three of the best suited property managers servicing the…
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