National
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Elders appoints Head of Residential Real Estate
Elders has announced the appointment of seasoned marketing and business executive, Belinda Connor, as the Head of its Residential Real Estate division. Mrs Connor has previously held numerous strategic marketing and network growth roles with leading companies, including Foxtel and the Wendy’s franchise network. She will assume responsibility for the strategic oversight of Elders’ residential real estate network operations and…
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Rent.com.au celebrates improved performance
Rent.com.au has reported its best operating performance to date, with the second quarter of 2019-20 financial year revealing a 19 per cent improvement on the period prior. The renting website released its latest financial report last week, with CEO Greg Bader celebrating the results. “To finish 2019 with a record-breaking EBITDA quarter is exceptionally pleasing, especially when you factor in…
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Ray White around the grounds auction report
As the market starts to heat up in 2020, Ray White has reported they had 346 auctions scheduled this week, with 131 of those booked in for Saturday. Preliminary data on auctions in Sydney shows the clearance rate was at 85 per cent clearance on Saturday for the Ray White network. Ray White New South Wales chief auctioneer Alex Pattaro…
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The Agency records 147 per cent increase in revenue
Real estate industry leader The Agency Group Australia has recorded strong growth for the half-year 2020 with a combined total group revenue of $25.2 million – up 147 per cent on the previous corresponding period. Yesterday’s results delivered to the ASX showed this was on the back of positive Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) and Gross Commission…
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Vic Real Estate Group turns to Acquire platform for advertising feedback
Greg Hocking Real Estate has announced a partnership with The Today Business to deliver a new approach in real estate advertising to its clients. Greg Hocking Real Estate CEO Greg Hocking said advertising was a significant portion of the total spend of most real estate sales campaigns, but there was an industry-wide problem with lack of visibility regarding the real-time…
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How will the bushfire crisis impact property prices?
There is no escaping the effect the recent bushfire crisis will have on property prices, but an independent property research company claims the impact will depend on the state of the market in the suburb prior to the bushfires as well as how badly the areas were hit. RiskWise Property Research has identified three ‘severity’ categories with greatly varied impacts…
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Hobart leads the way as resale prices on the rise
Almost nine out of 10 property resales over the September 2019 quarter sold for more than their previous price, delivering a gross profit of $18.7 billion for resellers across Australia. The latest CoreLogic Pain and Gain report showed overall 87.4 per cent of property sold above its previous price, and reveals a slight increase in profitable resales (0.1 per cent)…
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Best regional towns for annual price growth revealed
New research has identified the best major regional locations for average annual house price growth over the past two decades. The in-depth analysis by property market research firm and buyer’s agency Propertyology found that, contrary to popular opinion, many towns across the country produced median house price growth as robust as capital cities over the 20-year period. Alice Springs in…
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REA Group unveils national event series
REA Group will bring thousands of its customers together at a unique new industry event series to be held in Melbourne, Sydney, Brisbane, Adelaide and Perth this year. Prop20, to be held throughout March and April, will give agents, property managers, developers and marketing teams with access to leading industry experts, while allowing REA customers to build their own agenda.…
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Top 20 locations house prices tipped to rise most in 2020
Tasmania is leading the way for median house price rises in 2020 – one of several locations across the country tipped to record a rise of up to $200,000, according to new research. The analysis by SuburbGrowth.com.au – part of the Select Residential Property Research Group (SRP) – identified the top 20 locations where median house prices are tipped to…
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Console Cloud integrates with Victorian forms provider
Australian software firm Console Australia has integrated Victorian forms provider Forms Live with Console Cloud in a move that will save real estate professionals across the state significant administration and double-handling of data. Console Cloud is Console’s flagship SaaS enterprise software product, providing trust accounting, property management and real estate software in Australia and New Zealand. Console Cloud is the…
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First home buyers back at highest level in almost a decade
First home buyers are making the comeback of a decade with new figures showing the highest level of new lending in almost 10 years. The latest Australian Bureau of Statistics figures show a 19.71 per cent increase in the value of new owner-occupier loans taken out in November, year-on-year in seasonally-adjusted terms While investors slipped back slightly in November with…
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Domain supports agents in bushfire-affected areas
Property marketer Domain Group is offering a package to support real estate agents who have been affected by the nationwide bushfire crisis. Domain said the package was open to any customers who were operating within affected bushfire areas and experiencing a negative impact on their business as a result. “It’s hard to comprehend the scale of these bushfires that have…
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Holiday homeowners can help those affected by bush fires
Leading property firm Raine & Horne has made a significant financial contribution to the real estate industry's Beyond the Bricks campaign and is also calling on owners of short-term holiday rentals to consider letting to families whose homes were destroyed by the horrific bushfires. Beyond the Bricks is the property's industry's response to the bushfires and has already…
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REA Group announces promotion of Kul Singh to Chief Sales Officer
REA Group has announced the internal promotion of Kul Singh to the position of Chief Sales Officer and a member of the Executive Leadership Team, commencing January 20. In his new role, Mr Singh will be responsible for all aspects of sales across REA Group, including sales teams supporting residential, developers, commercial and media customers. Mr Singh joined REA Group…
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REA Group joins the global support of Australia’s bushfire relief efforts
As Australia’s bushfire crisis continues, REA Group is introducing relief initiatives to help provide assistance to those affected by the devastation. REA Group CEO, Owen Wilson said like all Australians, the REA had been shocked and saddened by the overwhelming impact Australia’s bushfires are having on local communities and the environment. “We know nothing can take away the devastation experienced…
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House prices close out 2019 with more strength
It was another strong month of house price growth in December, as the year-end rally stayed true to form across the country. Across the major capital cities, dwelling values increased by 1.2%, marking yet another solid monthly performance, according to the latest data from CoreLogic. Again it was Sydney and Melbourne leading the price increase,…
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Ray White optimistic about year ahead after successful 2019
Ray White is optimistic about the real estate business heading into 2020 after a successful 2019 which saw the group top its previous year’s sales numbers and record its best-ever month in November – all despite challenging market conditions. Ray White Group Managing Director Dan White the 2019 results were testament to the quality of leadership…
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‘A Little Ray of Giving’ raises thousands this Christmas
Christmas came early for many charities as Ray White’s Christmas initiative ‘A Little Ray of Giving’ raised thousands of gifts, money and more than 300 bags of non-perishables across Australia and New Zealand. More than 350 offices across the Ray White Group signed up to the cause, with more than 11,000 presents gathered, $2,200 in cash, $1,000 in gift cards…
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New proptech ListReady is capturing the market with a clever alternative to manage property listing expenses
Marketing is one of the best investments a vendor can make to attract buyers and create competition. An innovative tech-based ‘pay later’ solution is revolutionising this process by providing an alternative to credit cards to cover advertising and other listing-related expenses.
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Weekend Auction Wrap: Volumes taper off ahead of Christmas
Auction volumes and the preliminary clearance rate across the country were lower this weekend, as the tapering off ahead of the Christmas period officially began. The clearance rate in Sydney dropped for a third straight week, with volumes down by -13 per cent on the prior week. Only 846 homes were taken to auction, according to the latest data from…
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LJ Hooker Foundation donates $200,000 to those in need
The LJ Hooker Foundation has donated almost $200,000 to help those in need this year, including charities Humpty Dumpty Foundation, Cystic Fibrosis, Share the Dignity, and the Australian Red Cross. The LJ Hooker Foundation, which has raised more than $8 million since inception, helps LJ Hooker offices engage with their local communities and boost social impact. Most recently, in the…
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Research shows consumers prefer SMS marketing
New Australian research shows nearly three-quarters of consumers say an SMS message from a business is more likely to get their attention than email or an app notification. Mobile business messaging provider MessageMedia said around the world, many businesses are already reaping the benefits of SMS-driven customer interactions, as demonstrated by the incredible growth in SMS statistics. In 2017 there were 8.3…
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REIA re-elects President for second term
The Real Estate Institute of Australia (REIA) re-elected Adrian Kelly from Tasmania as President for a second term at its Annual General Meeting in Canberra in last week. Mr Kelly was born and raised in Hobart and has worked in the Tasmanian real estate industry since 1990. He is the founder and CEO of View Real Estate, an independent agency…
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Lenders sign up to First Home Loan Deposit Scheme
Twenty-seven lenders have now been endorsed to participate in the First Home Loan Deposit Scheme in the lead up to the scheme starting on 1 January 2020. The scheme, which will provide support for up to 10,000 first home loan guarantees for eligible first home buyers each financial year, aims to help first home buyers purchase a home faster. HIA…
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Belle Property launches holiday rentals platform, Belle Property Escapes
Belle Property has announced the launch of Belle Property Escapes – the holiday rental brand of the premium real estate company. Belle Property Escapes features rentals in some of the country’s most desirable holiday destinations including Avalon/Palm Beach, Jervis Bay and the Central Coast in New South Wales, as well as Cairns in Queensland. CEO of Belle Property, Peter Hanscomb,…
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The Agency predicts steady house price growth in 2020
A combination of cheap funding and low stock levels are helping boost house prices across the country and that is expected to continue into 2020, according to real estate group, The Agency. In their Summer 2019/2020 property report, The Agency CEO Matt Lahood has suggested there could be more upside in house prices next year, despite supply levels slowly starting…
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Beyond Blue and HIA continue mental health push
Beyond Blue and the Housing Industry Association (HIA) have extended their partnership to continue supporting the mental health of people working in the residential building industry. HIA Managing Director, Graham Wolfe, said for five years the HIA Charitable Foundation has supported Beyond Blue in improving access to mental health resources for people in the building industry. “By extending this partnership…
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Laing+Simmons’ new partnership to deliver next level network support
Laing+Simmons has struck a new partnership aimed at delivering an expanded range of essential services to members of the Laing+Simmons family. The partnership means those tasks which can distract business owners, principals, agents and property managers from their core focus of building a business and serving customers are taken care of. The new partnership with David Taylor’s Agency Services Group…
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Weekend Auction Wrap: Sydney and Melbourne auction results continue to lead the way
Auction results were strong for yet another week, as buyer demand continues to outstrip supply. Across the country, the latest CoreLogic data has shown that the national preliminary auction clearance rate came in at 74.5% from a total of 2,837. This was the second busiest week of the year, however, the numbers were down slightly…
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Jamie Durrant launches Regional Homes Australia
Essentials Magazine Australia editor, Jamie Durrant, has launched a digital property and lifestyle magazine, along with a property marketing service. Entitled Regional Homes Australia, the online publication will feature building, design, regional personalities, lifestyle experiences, and curated Australian residential real estate listings. As the name suggests, Regional Homes Australia focuses on properties situated outside of Australia’s capital cities. Regional centres…
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HTW monthly update – Property prices deliver strong end to 2019
As 2019 draws to a close Herron Todd White have assessed where the nation’s property markets currently sit and how their predictions stacked up over the course of the year. We saw a slow start for property in 2019 thanks to an uncertain regulatory environment and the federal election which had big implications for property investors. Since that point, market…
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The major changes in our cities that will kick off the 2020s
A drop in car ownership, smaller houses, walkability impacting property prices, residential blocks atop shopping centres, and ‘mini Melbournes’ in outer suburbs. These are the city trends that will begin to emerge next year and mark the commencement of a new decade in urban planning. The forecasts come from one of Australia’s most experienced, recognised and multi-award winning urban planners…
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Prime waterfront properties command 63 per cent premium
Prime absolute waterfront properties in Australia are worth up to 63% more than their inland counterparts on average, according to Knight Frank’s latest Australian Prime Waterfront Index. The Index, which measures how much uplift value an absolute waterfront location can add to a property, found the premium was the greatest in Sydney, with up to 94.9%…
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Affordability prompts highest number of first home buyers
Housing affordability has improved across the country resulting in the highest percentage of first home buyers in the marketplace in eight years, according to research from the Real Estate Institute of Australia. REIA President Adrian Kelly said the September quarter 2019 edition of the REIA Housing Affordability Report found housing affordability improved in all states and territories, except Tasmania, while rental affordability improved across…
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