National
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Little movement in the property clock
As Victoria reopens for business, Herron Todd White has reported very little movement in the property clock over September with just a few select regions improving their position while major markets like Sydney and Melbourne remain in decline. This month Herron Todd White notes the capitals of Adelaide, Canberra, and Hobart retain poll position, Albany in WA has reached the…
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Treechange vs seachange: which is better?
As city-dwellers flee for the comfort of a slower paced life, a debate has reared up. Which is better, the beach or the bush?
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PropertyMe has been named an ABA100 Winner
PropTech company, PropertyMe, has been named the ABA100 Winner in the Australian Business Awards 2020 for CX Management. It comes just one month after surpassing one million properties managed in PropertyMe – almost 50 per cent of the 2.3 million rental properties in Australia. Now in its 15th year, the Australian Business Awards provides an opportunity for high-performing organisations which…
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Award-winning technology recognised for protecting property purchases from cyber theft
October is Cyber Security Awareness Month and Securexchange describes themselves as the property industry’s answer to fighting cyber-fraud. Today, Securexchange won the prestigious Australian Business Award for New Product Innovation, highlighting the need for law firms, conveyancers and real estate agents to be aware of the risks of cybercrime and what they need to do to keep themselves and their…
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Budget is great news for real estate – if forecasts become reality: REIA
The Real Estate Institute of Australia has said that the critical Budget 2020 has provided an encouraging outlook for all players in the Australian property market. President of REIA, Mr Adrian Kelly, said that despite the challenging and unprecedented events of 2020 with a deficit of $210 billion, Budget 2020…
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Many properties to sell at a loss as mortgage holidays end
The latest CoreLogic Pain and Gain report suggests that loss-making sales of distressed properties are expected to soar during this quarter.
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Budget not enough to halt construction downturn
The 2020 Federal Budget is "very much one of housing hits and misses", according to the Australian Institute of Architects, who warn it may not be enough to stop new construction projects from drying up. Institute CEO Julia Cambage said architects were "the canary in the coal mine" for the…
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Budget 2020: Business investment package a chance to go green
The Green Building Council of Australia has welcomed the 2020 Federal Budget, and hope the landmark business investment package will result in construction companies purchasing to energy efficient equipment.
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2020 budget breakdown
It’s been touted as the most important Federal Budget since the end of WWII, and its aim is to mitigate the disastrous economic impact of Covid-19 while spurring on the Australian economy. Here’s what was delivered as part of the belated Federal Budget for 2020, and how it’s set to impact real estate… Tested like never before “In 2020 Australians…
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Cutting JobSeeker payments will cause crippling rental stress in our cities
As soon as the COVID-19 pandemic caused businesses to shut down, state governments acted to avoid evictions by introducing moratoriums, and the federal government introduced the Coronavirus Supplement of A$550 on top of the fortnightly JobSeeker payment. These measures were intended to enable 1.6 million Australians to ride out the pandemic-related business shutdowns. This welcome…
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What the Federal Budget means for real estate
"We have a plan to create jobs, rebuild our economy and secure Australia’s future," said PM Scott Morrison, hours ahead of announcing the Federal Budget.
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RBA holds cash rate at 0.25%
Many predicted that the RBA Board would be announcing a drop in the cash rate to 0.1 per cent today, despite the news potentially overshadowing the Federal Budget announcement.
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First Home Loan Deposit Scheme is flawed: REIA
Changes to the Australian Government's First Home Loan Deposit Scheme that allocate 10,000 new grants only to those who purchase new or newly-built homes ignore the reality of the market, according to REIA.
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Clearance rate down slightly as volume decreases due to long weekend
Clearance rate down slightly as volume decreases due to long weekend Auction volumes were lower this weekend, as much of Australia enjoyed a public holiday, and that saw the clearance rate also slip marginally to just under 70 per cent CoreLogic reports 657 homes were taken to auction, down from…
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It’s about to become easier to lend irresponsibly, to help the recovery
What used to be known as a requirement to lend responsibly is now regarded as red tape.
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Mirvac ramps up build-to-rent projects
Mirvac are betting on the build-to-rent market in a big way, with plans to develop and manage 5,000 build-to-rent apartments across Australia within the next five years.
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A milestone for The Agency
The 2019/20 financial year has been described as ‘a milestone’ for The Agency, with the group delivering its first ever full year Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) profit and cashflow, strong year-on-year revenue growth, and growth across key metrics. Key figures: Revenue - $41.86 million (up 48…
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rent.com.au reports financial year improvement
Rent.com.au has posted their results for the 2019/20 financial year, notching up a significant improvement on the year prior but still posting a net operating loss after tax of $1.665 million. Key figures: Net operating loss after tax – $1,665,215Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) – $1,133,541EBITDA improvement of 47 per centOverall revenue – $2,452,239Overall growth – 13…
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Melbourne and Sydney drag down an otherwise strong September
September saw an impressive turnaround for housing sentiment across six of the eight capital cities, with an increase in home values, a rise in new listings, and consumer confidence back where it should be.
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JobMaker Digital Business Plan simplifies paperless transactions
The announcement this week of the Federal Government's JobMaker Digital Business Plan has been welcomed by REIA President Adrian Kelly, who believes the small amendments, including the formalisation of electronic documents in real estate transactions, will lead to a simplification of the industry. “The amendments required, whilst simple, will improve…
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ACM and realestateview.com.au launch JV
Australian Community Media has teamed up with realestateview.com.au to form a new join venture, in which they will collectively invest over $100 million over the next five years.
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ScoMo and the PCA want you to get back to the office
Property Council of Australia Chief Executive Ken Morrison has welcomed the Prime Minister's call for public servants to return to their offices, and for other businesses and workers to follow suit.
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Buyers keen but sellers hesitant in an uncertain market
With COVID-19 restrictions continuing to ease just in time for the spring selling season, the property market is expecting a surge of buyer demand.
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Dwelling approvals fell in August
"The decline was driven by private sector dwellings excluding houses, which fell 11.0 per cent."
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Common COVID-19 cleaning mistakes in the workplace
Lisa Macqueen reveals the eight common health and safety mistakes that workplaces are making on their premises
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Mortgage approvals hit pre-COVID levels months ago
New ABS housing finance data shows that mortgage approvals across the country hit pre-pandemic levels in July.
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Openn Negotiation smash seller expectations
Online property sales platform Openn Negotiation has reported a strong start to the spring selling season – with 53 per cent of properties sold in September selling above expectations.
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Harcourts International announces new COO
Harcourts International has announced the appointment of a new Chief Operating Officer, with Andrew Friebe stepping into the role. Announcing the appointment, Harcourts International CEO Steve Caradoc-Davies said it gave him great pleasure to welcome Mr Friebe back to the corporate leadership team at Harcourts. “His in-depth knowledge and understanding of real estate, both within a real estate business and…
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@realty agents to receive commissions within 24 hours
Agents won’t have to wait for settlement to receive commission, under a new initiative designed to improve cash flow. Under the new @realty Boost program, agents affiliated with the @realty network will be able to claim commission when a contract goes unconditional, with the company promising a 24-hour turn around for payment. @realty CEO James Taylor says @realty Boost will…
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The Block’s winning bedroom borrowed from Byron designer
Block contestants Luke and Jasmin were thrilled after scoring a perfect 30 for their jungle-themed children's bedroom on Sunday's episode of The Block, but it soon became apparent they'd leant a little too heavily on a popular Byron Bay AirBnB for inspiration.
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RBA expected to cut cash rate to 0.1 per cent
It seems a fait accompli that the Reserve Bank will be slashing the cash rate by 0.15 per cent, but experts are divided on when it will happen.
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Universities will need to sell $25b real estate portfolio
The Australian university sector is in dire straits, with Universities Australia predicting losses of $16 billion across our tertiary institutions over the next three years, as the usual influx of international students is stalled.
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Houses v units: the risk gap for investors widens further
The difference between buying a house and buying a unit rental property has never been more pronounced, according to RiskWise Property Research.
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Sydney mansion breaks national auction record, selling for $24.6m
Sydney enjoyed an impressive weekend of auctions, with the clearance rate hovering just under 75 per cent, and a new nationally residential auction record.
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Auction clearance rate holds above 70 per cent
The preliminary clearance rate continues to defy expectations, holding above 70 per cent for the second week in a row. Hot on the heels of the highest preliminary clearance rate since the beginning of the pandemic last week, this week 70.5 per cent of the auctions so far reported appear…
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