National
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Five tips for renovations and flipping over Christmas
Flipping and renovating in Australia can be an effective way to generate wealth, especially if it’s done strategically. In fact in 2016, Roy Morgan’s research showed that over 8.4 million Australians worked on a home improvement project, and this number is continually growing. I’ve often argued that the Christmas season is the best time to get flipping and this year…
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20 holiday hotspots primed for price growth
New research has revealed 20 holiday locations poised for growth over the next three years, with East Ballina taking out the top spot with a predicted median house price growth of up to 28 per cent. The analysis by SuburbGrowth.com.au – part of the Select Residential Property Research Group (SRP) – identified suburbs in four states where prices were predicted…
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Cost of insurance for real estate agents drops
SME retailers and professionals, including real estate agents, have seen price reductions on their Public Liability insurance. The news comes despite inflation and despite the fact prices have remained steady across other products and occupations. In the last quarter, the annual inflation rate in Australia rose to 1.6 percent, with food inflation at its highest in five years and transport…
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Knight Frank’s top predictions for commercial real estate in 2020 and beyond
The Australian commercial real estate market will see further growth in capital values and strong returns, as the impact of lower interest rates flows through and creates the conditions for yield compression, according to the latest research from Knight Frank. Ben Burston, Knight Frank's Chief Economist said "The Australian economy should gradually regain momentum in 2020…
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Weekend Auction Wrap: Sydney and Melbourne buyers getting aggressive
It was another busy weekend for auctioneers across the country, with the 2,571 homes taken to auction making it the second busiest weekend of the year. Melbourne saw another strong result this weekend with 77 per cent of homes selling based on preliminary clearance data from CoreLogic., while Sydney was also strong coming in at 77.2 per cent. While volumes…
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Top 10 suburbs to retire and build equity
When it comes to their golden years, there are three essential factors retirees should take into account when choosing property, according to RiskWise Property Research. RiskWise CEO Doron Peleg said lifestyle, relative affordability and building equity should all be considered by those leaving the workforce behind for the easy life. And a RiskWise analysis has…
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Domain launches app to help owners track property demand
Owning a home can be stressful. Should you rent it, sell it or just sit tight? Today, this decision has become easier with the launch of Domain for Owners.This feature from Domain lets owners see current, personalised information including demand for properties like theirs, how it has changed over time and its estimated value, all with…
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Program set to benefit agents who help other agents
@realty is launching an Australian first-of-its-kind revenue sharing program which will pay it forward to agents who bring others to the network. The @realty Ambassador Program offers agents who are instrumental in bringing on other agents to @realty a passive income from the sales the new agent makes, without impacting the new agent’s income. Directors James and JJ Taylor said…
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Short-term PM platform Guesty arrives in Australia
Israeli-born short-term rental property management platform Guesty has announced its Australian debut. The launch will expand Guesty’s presence to 11 global centres throughout Europe, UK, US, Middle East and now Australia, with plans for further entry into Asia Pacific cities including New Zealand, Singapore and Hong Kong. Guesty has identified Australia as a key market with short-term rentals on the…
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Weekend Auction Wrap: Sydney’s second busiest weekend of the year
Once again, Sydney was the market leader for auction results over the weekend, coming in with a preliminary clearance rate of 81 per cent. According to the latest data from CoreLogic, Sydney had 931 homes taken to auction making it the second busiest weekend of the year. In Melbourne, however, there was also a surge in volumes, but the clearance…
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Domain announces acquisition of Real Time Agent
Domain has entered into a binding agreement to acquire Bidtracker Holdings, which operates the business Real Time Agent. The on-target consideration for the proposed transaction is $24.8 million, $19.4 million of which is payable in cash on completion. An additional amount of between $0 and $15.6 million in cash is payable based on the achievement of defined targets over FY20…
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Soho releases Tinder-type property match
A social network for property hunting has launched a Tinder-type property match feature that gives users the power to swipe yes or no on real estate listings. Soho launched the new feature on SohoApp.com four weeks ago and CEO Jonathan Lui said the number of swipes has grown 30 times. He predicts at this pace, it could overtake traditional search…
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Elders Real Estate wins coveted Canstar award
Elders Real estate has won the prestigious Canstar Blue’s 2019 real estate agents review for most satisfied customers, coming out with top marks in communication, problem resolution, knowledge, advice and overall satisfaction. The Canstar Blue’s 2019 real estate agents review is based on the results of a survey of hundreds of customers who have used an agent for buying, selling,…
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RBA can take a summer holiday
Positive economic signs and a federal government push for banks to relax lending standards for small business will give the Reserve Bank of Australia (RBA) a break from cutting official interest rates, according to leading mortgage aggregator Finsure Group. Finsure Managing Director John Kolenda said with the cash rate reduced to a record low of 0.75 per cent, the RBA…
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Domain Test Stadiums are ‘open for inspection’
Domain, naming rights partner of the Men’s Test series, is celebrating Australia’s two national obsessions, property and cricket by giving fans the chance to explore some of Australia’s most iconic sporting stadiums like never before. As part of a wider campaign, major Australian cricket stadiums will feature on Domain, offering an exclusive look behind the scenes – complete with property…
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Smart Cities Awards applaud innovation and impact
Thirteen winners have been applauded for their visionary leadership, best practice projects and real-world impact at the second annual Smart Cities Awards. Telstra and GWI partnered with Smart Cities Council Australia New Zealand to present the awards, which were held in Sydney as part of Smart Cities Week. “The 2019 winners of the Smart Cities Awards are delivering truly world-standard…
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Weekly Auction Wrap: Lower volumes but strong sales
There was a lower number of homes going to auction over the weekend, thanks to the Spring Racing Carnival in Melbourne. But that didn’t stop Sydney and the rest of the country from putting in another solid performance. The auction clearance rate in Sydney remained at a very upbeat 79.4 per cent, while Melbourne dipped to 73.3 per cent on…
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Melbourne and Sydney drive rise in house prices
House prices across the nation continue to move higher, getting dragged along by continued strength in both Sydney and Melbourne as house prices continue to rise. According to the latest data from the CoreLogic, it was Melbourne property prices that gained the most in the month of October, up 2.3 per cent – its strongest result since 2009, while Sydney…
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CPI brings good news for home buyers and renters
The September 2019 quarter CPI figure is good news for home buyers and renters, according to the Real Estate Institute of Australia (REIA). REIA President Adrian Kelly said the All Groups CPI increased by 0.5 per cent in the December quarter, giving an annual increase of 1.7 per cent. “The annual changes for the analytical series of trimmed mean and…
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HIA reports confidence returning to housing market
“New home sales bounced back in September to return to levels seen during the latter half of 2018,” stated HIA Economist, Angela Lillicrap. The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading indicator of future trends in the residential…
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rent.com.au announces interest-free period for RentBond
Rental property website Rent.com.au has announced changes to broaden the appeal of its flagship bond payment product, adding a new interest-free and fee free period to give renters some cash relief when moving between properties. Highlights for property managers: The 21-day interest-free period means renters can fund their new bond at no cost, while they’re waiting on their previous bond…
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Partnering for experience
It’s no secret that agents find it quite challenging to ask consumers to rate on various platforms including realestate.com.au, Google, Facebook plus a video or written testimonial. Last week Domain and RateMyAgent announced a reciprocal partnership which links review data with Domains Listing Data. Domains Chief Operating Officer Tony Blamey explains the thinking behind the…
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Making every building count
Governments urged to adopt practical plan for emissions reduction. A landmark new plan sets out a practical pathway for transforming Australian homes, workplaces and other buildings into low carbon, high-performance structures while cost-effectively reducing emissions. Every building counts: A practical plan for emissions reduction is a policy toolkit jointly developed by the Property Council of Australia…
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ActivePipe welcomes +$6m investment
ActivePipe, a Melbourne based Real Estate focussed Marketing Automation platform, announces that IAG's Firemark Ventures, the Corporate Venture arm of IAG, Australia's largest general insurer ("IAG"), and Second Century Ventures ("SCV"), the venture arm of the National Association of Realtors®, have invested into the ActivePipe +$6M Pre-Series B Convertible note round. The investment comes ahead…
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Ray White unveils Est.1902 collection
Ray White Group today unveiled its new corporate uniform range infused with a subtle touch of Australiana in a nod to its humble bush beginnings. The new uniform collection called Est.1902 will unify its 12000-strong army of agents, property managers and administrators across Australasia as one team with the same dream. The family-owned and led franchised group…
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Weekend Auction Wrap: Auction volumes surge higher
It was another strong weekend of auctions around the country, highlighted by a huge surge in the number of properties going to auction. The auction clearance rate in both Sydney and Melbourne dipped slightly, with Sydney recording 79.7% and Melbourne 77.1% according to the latest data from CoreLogic. While the national rate ended up 75.3%.…
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Herron Todd White welcomes Drew Hendrey to strategic national role
Australia’s largest independent valuation and property advisory firm has announced its latest strategic national team appointment, as the firm looks to build further on its already formidable presence in the industry. Drew Hendrey has accepted the position of Executive Director Valuations Advisory for Herron Todd White (HTW), confirming his resignation from CoreLogic late last week, after more than five years…
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Sara Young and Jodie Stainton join forces to take Coronis national
Coronis welcomed its first interstate recruit, Sara Young from Western Australia to help grow Coronis nationally with the addition of the new e-business model. Director of Coronis Now Jodie Stainton said how excited she was to welcome such an incredible property management professional who will help Coronis expand its services interstate. "This is a very…
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Rent.com.au posts a loss for the 2019 financial year
Australian rental platform Rent.com.au has posted a loss for the last financial year. The company released it’s annual report to shareholders on Friday and revealed it had generated a net loss of $2,497,183 for the year ended 30 June 2019. This was a slight improvement on the 2018 financial year that saw a $2,822,540 net…
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REA Group announces investment in Managed technology platform
REA Group has announced its investment in Managed, a technology platform created to empower real estate agencies by automating workflows, reporting, payments, invoices and dramatically reducing rental property administration. REA Group Chief Customer Product Officer, Andrew Rechtman, said the announcement reinforced REA’s commitment to property management customers. “By working with new software providers, such as Managed, we will increase operating…
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Belle Property opens first projects office with Colin Hatch at the helm
Belle Property has today announced the launch of its first dedicated Belle Property Projects office, the latest venture for the growing real estate brand. Located in Bowen Hills and led by veteran agent and Principal Colin Hatch, the office will be the first of several to be opened across the eastern seaboard of Australia. "There…
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Auctioneers ready for annual REIA showdown
It’s set to be an all-Australian showdown when the best Australasian auctioneers go head to head at the 2019 Australasian Real Estate Institutes’ Auctioneering Championships today. The winner will be crowned Australasia’s best auctioneer at the REIV Awards dinner tonight in the Palladium Ballroom, Crown Towers Melbourne. The Real Estate Institute of Victoria (REIV) and the Real Estate Institute of…
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Strategic marketing wins award for Pivotal Financial
Pivotal Financial, the RE/MAX Australia-owned finance group, has had back-to-back wins in the annual Connective Excellence Awards taking out the Marketing Award for 2019. "We'd established a powerful brand identity through our efforts in the 2017/2018 financial year," said Pivotal Financial general manager Matthew Andrews, "and the 18/19 focus was to promote the brand to…
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Domain partners with RateMyAgent to “supercharge” agent exposure
Domain and real estate agent reviews and ratings ebsite RateMyAgent have today announced a partnership that will see Domain showcase recommendations from RateMyAgent across participating agents and agencies profiles on domain.com.au. The partnership will improve the service each platform provides to real estate agents, helping to build their brand and drive market share. RateMyAgent counts more than 670,000…
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Weekend Auction Wrap: Supply shortages keep driving demand
The top-end buyers were once again out in force in Sydney with a lack of supply continuing to force buyers to pay higher prices. In Sydney, the preliminary auction clearance rate was again well above 80%, finishing up at 84.3% according to the latest data from CoreLogic. The result was up sharply on last week…
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