National
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RE/MAX Attends AU-NZ Broker Owner Forum in Bangkok
RE/MAX Australia and New Zealand franchise owners plus agents and other directors have recently returned from Bangkok having attended the RE/MAX Australia-New Zealand Broker Owner Forum, and the Asia-Pacific Convention. More than 300 delegates representing all 15 countries in the Asia-Pacific region – Australia, New Zealand, Thailand, Indonesia, Singapore, Philippines, Guam, Korea, China, Japan, India, Sri Lanka, Mongolia, Malaysia and…
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Roy Morgan Research: Over 300,000 mortgage holders have little to no equity in homes
Overall some 6.8% (311,000) of mortgage holders in Australia have been identified as having little or no real equity in their home. This is based on the fact that the value of their home is only equal to or less than the amount they still owe, placing them at considerable risk if they have to sell or prices decline. This…
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Century 21’s Famous Gold Jacket Tickled Pink for Pink Ribbon Campaign
The world’s most recognised real estate jacket is turning pink for the month of October in an initiative aimed at raising awareness and funds for Cancer Council’s ‘Pink Ribbon’ campaign. For the third year running, Century 21 agents across Australia and New Zealand will be seen at auctions, open homes and around their local communities wearing limited edition pink jackets,…
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realestate.com.au moves into virtual reality
Australian property seekers and daydreamers will soon be able to explore their dream home in virtual reality through realestate VR, realestate.com.au’s virtual reality property app, coming soon to Android mobile devices. realestate VR will allow people to tour through a property from the comfort of their couch via their virtual reality device, offering a new and exciting way to experience…
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Starting young: Schools Auction Idol in SA teaches students about the art of auction
Raising the profile of the industry in the community, Schools Auction Idol teaches high school students about real estate via the ‘art of auction’. The Schools Auction Idol program is on the brink of achieving its 10th year of operation, and it is slowly but steadily growing: in September 2015, the Inaugural Australasian Schools Auction Idol Championships was held at…
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Auction volumes fall but clearance rates remain steady (W/E 02/10/16)
There was a substantial drop in auction numbers this week due to the grand finals and the Labour Day long weekend. 853 properties were taken to auction last week, with a preliminary clearance rate of 77.5 percent, compared to the same time last year when there were 865 auctions were held, with a clearance rate of 68.2 per cent. In…
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RBA set to continue rate-holding pattern, say RateCity
To view the full-size infographic, click here. The RateCity.com.au analysis of over 30 key economic indicators suggests rates would remain on hold at 1.5% for the second consecutive month. Peter Arnold, data insights director at RateCity.com.au, said Australia’s GDP is growing and, domestically, iron ore prices have continued their winning streak. “Australia’s economy grew by 3.3 per cent over the…
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CoreLogic Home Value Index September 2016
Capital city dwelling values increase by 1.0% in September to be 2.9% higher over the quarter, according to CoreLogic’s Hedonic Home Value Index for the month, taking the current growth phase into its 52nd month. Capital city dwelling values continued to show a strong headline rate of growth over the September quarter, with the CoreLogic Hedonic Home Value Index rising…
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Sixteen New Offices Open With Century 21
Century 21 has recently added sixteen new offices in locations across Australia and New Zealand, further enhancing the strength of the group’s Australasian network. Six new offices have opened in New South Wales, two new offices in Victoria, two new offices in Queensland, one office in Western Australia, one in South Australia, one in Tasmania and three in New Zealand.…
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Have you got what it takes to be on the REI Super Board?
The superannuation fund for the real estate industry, REI Super, will be holding elections for four positions on its board of trustee directors next year. The call for nominations will be made in June 2017 and the elected directors will take office on 1 October 2017. There are ten directors of REI Super’s Trustee company. Eight are elected by members…
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Juwai.com hires three new execs in preparation for IPO
Juwai.com, the largest Chinese international real estate website, has announced the appointment of a new CFO, new Head of Australia & New Zealand – Residential, and new Head of China Engagement. The new hires will help it manage its rapid growth as it prepares for an IPO on Australia’s ASX in the coming year. Tracy Wu, Head of China Engagement…
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Home Addressed announces 30 Day Home Co-ownership Challenge
The 30 Day Home Co-ownership Challenge, by Home Addressed, is designed to inform and teach first home buyers to take a creative approach to home ownership and to shrug off the ‘generation rent’ tag. Buyers wanting to participate will need to find a suitable co-buddy with whom to team up and buy a property. The co-partners have 30 days to meet on the…
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Eastern Seaboard States Drive Population Growth
The latest ABS demographic statistics released show the annual rate of population growth held steady at 1.4 per cent in the first quarter 2016, however the wide divergences between the states and territories remained, said the Housing Industry Association (HIA), the voice of Australia’s residential building industry. The ABS figures confirmed that Australia’s population broke through 24 million during first…
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Chinese investors shop online for property with estarhome.com
Chinese organisation, the Fosun Group, has designed an online shopping-style platform that allows middle-class Chinese investors who are seeking a safe haven, outside of China, to purchase an overseas property. The site, Estarhome.com is an online-to-offline service that provides a way for Chinese investors to find Australian properties as investments. Chinese buyers are investing mostly in new apartments and according…
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Preliminary clearance rates remain above 70% for the 9th consecutive week (W/E 25/9/16)
It has been another strong week for auction activity, there were 2,445 auctions held across the combined capital cities with a preliminary auction clearance rate of 78.3 per cent this week. Last week, the final auction clearance rate was recorded at 76.2 per cent with 2,149 residential properties taken to auction. At the same time last year, auction volumes were…
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Domain Group continues its expansion into Geelong
Domain Group has continued its rapid push into Geelong with the launch of a new free weekly real estate magazine that will also be inserted into copies of The Age and The Australian Financial Review in Geelong. The new Domain Geelong magazine will have a circulation of 65,000 copies, more than twice the nearest competitor, will be distributed to every…
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Domain brings real time chat to the world of property
Potential buyers and renters will now be able to chat directly with real estate agents with the launch of Domain Chat, a new app feature released by Domain that speeds up the search and is supposed to help consumers secure their dream home faster. Chat has been one of the fastest-growing online behaviours on the internet, nearly doubling users over the…
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Richardson & Wrench goes social in new brand campaign
The Richardson & Wrench network has begun rolling out a new national brand campaign aimed squarely at leveraging the power of social media. The multi-platform campaign running across social media and digital platforms, is a 40-episode series of snackable videos as its centrepiece complemented by targeted distribution marketing. R&W Group Development Manager Amanda Ward said the group had adopted an “always-on”…
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Auction clearance rates and activity increase slightly – WE180916
This week’s (week ending 18 September, 2016) preliminary auction clearance rate saw the combined capital city clearance rate rose this week, from 75.4 per cent last week to 77.9 per cent. At the same time last year, the clearance rate was 69.9 percent. So far this week according to auction results having been reported to CoreLogic, there were 2,093 capital city auctions…
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Auction clearance rates ease slightly
This week’s (week ending 11 September, 2016) preliminary auction clearance rate is down slightly from last week’s clearance rate of 77.1 percent, which was the highest clearance rate recorded for the year to date. At the same time last year, the clearance rate was 71.2 percent. So far this week, 1,682 capital city auction results have been reported to CoreLogic.…
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CoreLogic: September 2016 Market Outlook
If you’re eager to find out what the various property markets around the country were up to during August, and you want to have a sneak peek at what might be ahead, read on for CoreLogic’s monthly Market Outlook. Average capital city home values are up Over the month of August 2016, combined capital city home values increased by 1.1%…
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Add value to new investors by educating them, say BMT
New property investors could benefit greatly from education on legitimate depreciation deductions for investment properties so they don’t miss out on thousands of dollars in tax savings. According to BMT Tax Depreciation, the recent property boom has seen many new investors hit the real estate market. However, these newbies might not be aware they can claim tax deductions on the…
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Cody Live expanding digital signboard solution
Cody Live is an outdoor advertising solution that is the first of its kind, creating dynamic signboards for real estate agencies. And this week they were launched in Brisbane with Melbourne, Canberra and Auckland in the coming weeks. The aim of Cody Live is to give vendors and agents more choice and better control of how their properties are represented…
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BizCover: Avoiding Real Estate Advertising Blunders
Most of us have been there – a mistake is accidentally made on an ad, no one picks it up and it goes to print. Sometimes we’re lucky and we can hustle to fix the problem before the whole world knows about it. But BizCover asks the question: have you thought about the impact of a small error if it’s…
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Purplebricks Launches in Australia
The UK’s fastest growing online real estate agency has launched in South East Queensland and Melbourne. Purplebricks has launched in Australia, to offer homeowners a proposition of a cheaper method of sale for their home. The “virtual” service provides the support of a licensed and dedicated ‘Local Property Expert’, a flat rate fee, an accessible and transparent online technology platform…
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Agent Finder Websites ‘A Raw Deal’, says First National’s Ray Ellis
According to Ray Ellis, the Chief Executive of First National Real Estate, property owners and buyers around Australia are being misled by a range of ‘Agent Finder’ websites. ‘There are a variety of agent finder websites that have inserted themselves as middlemen in the marketplace, claiming to connect consumers with the best local agents for free, but charging agents a…
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VitrineMedia Continues To Lead In Shopfront Innovation
VitrineMedia, a world leader in LED display technology dedicated to window solutions, has now brought even more light with less energy output to the real estate industry. In the last 12 months they have designed several new LED display panels to add to their collection to make the real estate shopfront really stand out. Speaking at AREC 2016, Global CTO…
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Spring auction clearance rates reach a new year to date high
According to CoreLogic’s preliminary weekend summary, Spring has sprung with auction rates this weekend seeing a combined capital city clearance of 78.4 percent, a new high for the year. The number of homes taken to auction this week fell slightly to 1,858, compared to the 2,153 auctions held last week and 2,297 one year ago. The preliminary clearance rate was…
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Smart energy home of the future one step closer
Sydney-based start-up Evergen, who has just launched their intelligent home energy management system in Australia, has raised $3.7 million in funding from AMP Capital and CSIRO, as it takes their Australian first smart energy offering to the market. Combining solar and batteries with smart technology, the Evergen system continuously analyses and optimises home energy costs, choosing the most efficient source…
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Improve your profile on realestate.com.au
An improved Real Estate Agency Profiles platform has been released on realestate.com.au to help agents improve their profile and get more clients. The updated profile system allows agents to showcase their areas of expertise alongside their listings, providing greater benefit to vendors and the agents themselves. The changes are expected to help drive a larger number of enquiries and listings. The…
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PropertyIQ wins Most Innovative Business Bank Award
The Australian Business Banking Awards 2016 were held on August 11 with PropertyIQ taking out the award for Most Innovative Business Bank Product or Service. The award was judged on the ability to “deliver innovative solutions or services to business banks and their customers in performances across all major metrics” and was won on the merits of PropertyIQ’s three core…
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Domain launches Spring campaign
With spring just around the corner, Domain has just launched its latest Spring campaign centred on what it claims is “Australia’s best property app”. The new campaign, which is dubbed Spring, uses a multi-channel approach encompassing its national sponsorship agreements with The Block, an online video content series, two new television commercials, and the rollout of one of the nation’s…
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Laing+Simmons recognise their best
On Saturday real estate network Laing+Simmons held its annual awards event to recognise and celebrate the most talented people in its ranks – from long term industry stalwarts to the up and coming stars of tomorrow. Laing+Simmons Managing Director Leanne Pilkington said the awards are more than just a chance to catch up and network. “Recognising and celebrating the achievements…
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Google Duo: Another easy step in virtual property viewing?
When you can’t show a potential buyer or tenant a property, a video call can be the only other alternative. And with the recent release of Duo – Google’s new 1-to-1 video calling app for Android and iOS – the company is promising the experience will soon be a whole lot smoother and easier. Like Apple’s “Facetime” the Duo app…
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Bizcover – Saving You Time and Money on Your Insurance
They say in the world of real estate, trading without Professional Indemnity Insurance is equivalent to a surgeon practising without Medical Indemnity Insurance. Although you’re not performing brain surgery, real estate is a complex industry, and as an estate agent you’re open to litigation involving breach of contract, allegations of misrepresentation, poor property management and a breach of statutory provisions –…
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