National
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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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Barr Essentials Helps Real Estate Agents Prospect Via Funnel Marketing
A Sydney-based former broker has started her own digital marketing company which provides prospecting services to real estate agents that helps them to save time and money. Emma Barr, the owner and founder of Barr Essentials said her company’s custom designed lead generation funnel helps individuals and agencies throughout Australia source for listings via targeted social media campaigns using Facebook…
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REIV chief: Concern for rental reforms
The state’s most disadvantaged tenants will be the hardest hit if proposed reform of the Residential Tenancies Act – the law that governs the rights and responsibilities of landlords and tenants – is adopted, says REIV chief Gil King. As many of the proposed reforms are designed to improve rental conditions for these very tenants, despite its intentions, the Andrews…
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New Home Sales Dives in January: HIA
The Housing Industry Association (HIA) has recorded a mild dip of 2.2 percent for new dwellings sales in January. HIA chief economist, Dr Harley Dale said the weaker update on its New Home Sales Report follows a decent run for new home sales in December. “Given that Australia is tailing off from the largest and longest new home building cycle…
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Master Builders Australia CEO calls it a day after 26 years in the organisation
Master Builders Australia’s longstanding chief, Wilhelm Harnisch, has announced his resignation on Wednesday, after 15 years in the top job. Harnisch who has been with Master Builders for last 26 years left the job voluntarily as he felt that it was time to move on to other endeavours. Harnish has had an illustrious career with Association since he first started…
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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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All Female Aussie Construction Company Wins International Award
Sydney-based firm Diva Works has recently won the Gold Award for Sales Growth at the 11th annual Stevie Awards for sales and customer service held at the Caesars Palace Las Vegas in Nevada last month. The Stevie Awards received over 2,300 entrants from organisations in virtually every industry around the world and were judged by more than 77 judges. Diva…
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McGrath Property, makes the most “mobile ready” brand list
ASX-listed McGrath Property, alongside brands like Kogan and the Iconic, are the only property agency company listed on the top ten most “mobile ready” brands in benchmarking study by Ansible Australia. Ansible, a mobile marketing and technology agency revealed what they see as the top ten Aussie brands with the most significant presence at the recent Mobile World Congress, a…
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Award winning South Australian Agent comes back better than ever
A Ray White agent who was involved in a life-threatening car accident last year has made a robust comeback to real estate. Rachel Lawrie joined Ray White SA Metro last October after making full recovery from an accident in May and since then, she’s not only just reestablished herself as an agent, she’s now a fully accredited auctioneer and is…
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REINSW to meet new Minister for Innovation to discuss proposed changes to the RTA
The REINSW have presented their areas of concern last month with respect to the latest overhaul of the Residential Tenancies Act to The Office of Fair Trading and have scheduled a meeting with new Minister for Innovation and Better Regulation Matthew Kean to provide feedback. “We felt it was necessary to take action ahead of any proposed amendments to the…
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Purplebricks expands to the US
UK-headquartered online real estate agency Purplebricks is expanding to America; the company told the London Stock Exchange last Wednesday. The company also announced details of the placing to raise gross proceeds of up to £50 million through the issuance to finance the expansion in a state by state roll-out to the US by mid-2017. Since it’s launched less than three…
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Century 21 Home Loans Appoints New National Manager
Century 21 Australia has appointed former banker Ben Braysich as its new national manager for Century 21 Home Loans. Braysich brings a wealth of financial services experience after having spent three years at Macquarie Bank and seven years with the Commonwealth Bank Group, which saw him winning the 2016 NSW Private Banker of the Year Award. “My immediate plan is…
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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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New Research Finds Majority of Aussies Would Turn Their Backs On Big Banks In The Event Of A Crisis
Despite 80 percent of the Australian home loan market being held by the big four banks, almost three in four people believe a major bank would not provide the best service for customers facing a crisis. The nationwide survey, conducted by Galaxy Research for online lender State Custodians Home Loans asked 1,005 respondents who they think would provide the best…
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Tremendous savings recorded by Aussie family with Tesla’s Powerwall home batteries
One Australian homeowner has saved $2,110.46 in annual electricity bills, paying a total of just $178.71 in the past twelve months with the use of Tesla’s Powerwall home batteries. The Pfitzner family were Australia’s first owners of the Tesla power battery and say they have managed to reduce their total electricity bill by 92.2 percent since their system was installed…
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Uber No Challenge to Tradies
Tech start-ups may have displaced paper directories like the Yellow Pages, but tradies are not at risk of being ‘Uber-fied’, ServiceSeeking.com.au chief Jeremy Levitt said. Many industries have been disrupted by similar on-demand software, not just taxis – but also food delivery with the likes of Deliveroo and Foodora, and even relationships through Tinder. Since the 2007 launch of ServiceSeeking.com.au,…
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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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New Workplace Technology combats Employee Disengagement for the Real Estate Industry
Real Estate Dynamics has recently launched REDlinx the Real Estate specific communication hub to help agencies improve team engagement and inter-office communication. The need for this product came from coaching over 400 agencies for the past three years and identifying the high rate of disengagement of employees, the company said in a recent statement. The REDlinx platform enables an Agency’s…
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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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RE/MAX Australia & New Zealand nominated for agency’s Global Region of the Year
RE/MAX Australia and RE/MAX New Zealand are two of six regions nominated for the RE/MAX Global Region of the Year award, with the winner and runner-up to be announced in Las Vegas on 28th February 2017. Michael Davoren, Managing Director of RE/MAX Australia and RE/MAX New Zealand, will be in Las Vegas at the RE/MAX R4 Convention, where he hopes…
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Real Estate Results Network 2016 Award Winners
Top performing independent real estate agents from the Real Estate Results Network (RERN) in Australia and New Zealand were celebrated at the 11th annual awards (ARERAs) held in Sydney on Monday night. This year’s ARERAs were strongly contested, seeing between five and nine finalists vying for the top honour in many of the individual and agency categories. The Roaring Twenties-themed…
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Fairfax set to spin off Domain
Updated: 11.45 am 22 Feb Fairfax confirms spinning off Domain. Here is what we understand so far. On Wednesday morning the AFR (a Fairfax Media owned newspaper) confirms that its parent company was considering spinning off Domain real estate advertising business into a separate entity. Details of the Domain spin off have sent Fairfax shares up by 9 percent to…
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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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RE/MAX rewards its best of 2016 in a gala event
RE/MAX Australia announced its top performers for 2016 at a gala event held at Brisbane City Hall this month (16th February) and celebrated an exceptional year of growth and innovation. Keeping with tradition, the network’s ultimate individual honour, The Eagle Award, was the final announcement for the evening, with Murray Carter, broker-owner of RE/MAX Regency the 2017 recipient. RE/MAX Regency…
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Penrith’s Mooney Real Estate creates brand awareness by helping local schools
The high cost of advertising with traditional media such as print and radio advertising has forced one startup real estate agency in Western Sydney to think out of the box. Out of frustration, the newly set-up Penrith Mooney Real Estate agency has come up with a clever approach in promoting their business through a community-based program known as the “Schools…
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Survey finds one in four Australians homes are already “smart”
A recent study has found that one in four Australian homes are already considered smart homes, or dwellings where occupants can control the functions of the house with a tap of a smartphone or a computer saving energy and money. In a recent survey commissioned by ServiceSeeking.com.au, they have found that more people are turning their homes into smart dwellings…
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Andrew Crauford appointed as Ray White NSW new Sydney Metro chief
After seeing exponential growth in 2016, Ray White NSW has announced that Andrew Crauford has assumed the position of CEO – Sydney Metro. Mr Crauford’s new role will see him take charge of the southern, western and northern Sydney suburbs, outside of the inner-city markets, to ensure Ray White businesses are operating at their optimum. “I’ve got the utmost respect…
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