National
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m3property appoints new CEO
National independent valuer and advisor m3property has appointed David Martin as Chief Executive Officer. Mr Martin joins m3property following a long and distinguished career as a Chief Executive Officer including a successful stint at The Buchan Group that resulted in the creation of a global alliance with Nikken Sekkei. Grant Jackson, who has filled the…
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RE/MAX tops list eleven years running
RE/MAX has led the real estate industry for more than a decade in the Franchise Times Top 200+ rankings, an annual ranking of the 500 largest franchise systems in the United States by global systemwide sales. The real estate giant has again topped all other real estate franchise brands to earn the # 15 spot…
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Rental returns still struggling despite sales resurgence
Despite a resurgence in house prices and strong auction results, the national rental market has continued to struggle in recent months. Across Australia, rents were -0.1% lower over the month to September 2019, with the median rental value being $436 per week. The weak rental rates have been trending lower of recent times, with the…
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BizCover offers Qantas Points on Business Insurance
Business insurance provider, BizCover, has announced an exclusive partnership with Qantas Business Rewards, allowing its customers to earn Qantas Points on small business insurance. The partnership between BizCover and Qantas Business Rewards is an opportunity for small business owners to capitalise on an ecosystem of partners that reward customers for spending money on their everyday business expenses with Qantas Points.…
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HIA supports next steps for First Home Loan Deposit Scheme
The Housing Industry Association of Australia (HIA) has indicated its support for the First Home Loan Deposit Scheme after legislation was passed in the Senate on Tuesday. “Housing is a national priority and HIA welcomes the Senate passing legislation that will facilitate the next step in making the First Home Loan Deposit Scheme a reality,” stated HIA Managing Director, Graham…
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Auction Market Recap: The buyers return with force
With the footy finals out of the way, property buyers across the nation were out in force over the weekend, pushing the auction clearance rate straight back up to pre-finals levels. Sydney’s preliminary clearance rate surged back above 80 to finish at 82.3 per cent, while Melbourne was equally strong at 76.7 per cent, according to the latest CoreLogic data.…
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realestate.com.au walks through the 1form security upgrades
At realestate.com.au we’re constantly working to make sure we’re doing everything possible to protect your data and the data of your customers. With 1form specifically, we hold a very large amount of tenant data on your behalf, so we’d like to take you through an important security upgrade that we’re making to your 1form account. Over the coming months, we’ll…
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ACCC inquiry into residential mortgage prices
The Australian Competition and Consumer Commission (ACCC) is to undertake an inquiry into the pricing of residential mortgage products. The ACCC inquiry will ensure the pricing practices of Australia’s financial institutions are better understood and made more transparent by; Investigating the prices charged for residential mortgages across the entire market, including by major banks, smaller banks, and non-bank lenders,Considering how…
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New agency combining innovation and customer experience
In a short period of time, Edward Smyth and has made a big name for himself in real estate on the Gold Coast. So much so that he and his business partner Karen Stewart have recently launched their own agency, Stewart & Smyth. Karen and Edward met when Karen sold Edward a house. The pair clicked instantly and decided they…
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Ray White Apartment Collective puts dozens under the hammer
More than 40 properties across Queensland, Victoria and Western Australia will go under the hammer between 14-18 October for Ray White’s second Apartment Collective. The initiative is designed to create competition across certain capital cities in Australia with one of the leaders of the Collective, Ray White Network Performance Executive Benjamin Burling, calling the event “a point of difference”. “The…
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Australia’s six-star family estate for sale
Australia’s unrivalled six-star luxury riverfront property is on the market in Perth. The resort-style oasis at 89 Watkins Road, Dalkeith is famed for its impeccable lush grounds complete with orchards, tennis court and picture perfect 25m swimming pool. The 6406sqm estate is spread over six titles on a quiet cul-de-sac, overlooking the Swan River in Perth’s prominent waterside suburb of Dalkeith. The…
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Whitehorse names real estate agent as best business
PhilipWebb Real Estate has won two accolades at the Whitehorse Excellence in Business Awards 2019. Hosted by Whitehorse Business Group, the awards recognise business leaders and innovators and their contributions to the local economy. Presented with the Large Business Award (51-100 employees), PhilipWebb also received top honours taking home the Overall Business Award. "Being honoured…
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Hammer time for auctioneers’ annual showdown
Australia and New Zealand’s best auctioneers have been decided and are now set to compete at the annual Australasian Auctioneering Championships (AAC) later this month. State and territory Real Estate Institutes and the Real Estate Institute of New Zealand all completed their auctioneering competitions with their two best auctioneers qualifying for the competition at Melbourne’s Federation Square. REIA President Adrian…
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New campaign demands ‘Solar for All’ Australians
A coalition of more than 20 community groups has launched a ‘Solar for All’ campaign, calling on state governments to end ‘solar lock-out’ and give all Australians access to safe and affordable energy. According to the groups, more than one third of Australians are locked out of access to clean energy because they rent, live in apartments, have unsuitable rooftops, or…
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Banks slash fixed rates, pricing in Melbourne Cup cut
Tuesday 8 October, 2019: Three of the Big Four Banks have dropped rates on their fixed home loans in the past week, with NAB the latest major bank to cut its rates by up to 0.40 per cent today. In total, 17 lenders - including CBA and ANZ - have cut rates on fixed home loans…
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REA Group announces joint venture with 99.co in Singapore and Indonesia
REA Group has entered into a binding agreement to establish a joint venture (JV) with Singapore- headquartered digital property marketplace 99.co. The combined company will provide the most compelling property marketplaces in Singapore and Indonesia, while delivering the digital platforms to property professionals to help them grow their businesses. Core to the JV company will be harnessing the know-how and…
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New business geared towards first home buyers launches Sydney office
A game-changing real estate agency is opening Australia's first office geared specifically toward first-home buyers and investors. Sydney real-estate identity, Marites Novis is opening Qfirst Property Investment Group's first office in Blacktown after identifying a gap in the market. "I've found that in my many years of experience in the real estate industry, most first-home buyers and…
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CoreLogic expands valuation service to rural areas
Appraisals of rural properties are set to become easier for lenders, brokers and government bodies following the launch of the latest iteration of valuation software, ValConnect. CoreLogic developed the Rural Desktop software in response to growing demand for a lightweight alternative to standard rural valuations, which require full inspections, lengthy turnaround times and complicated reports. CoreLogic Head of Product Tim…
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The RBA cuts rates to 0.75 per cent
The Reserve Bank of Australia has cut official interest rates by 25 basis points to a record low of 0.75 per cent. Going into the meeting of the RBA, markets were predicting that there was a 79 per cent chance that there would be a rate cut at the October meeting. This year, the RBA has cut rates three times,…
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House prices are booming again in Melbourne and Sydney
House prices across the nation have seen their biggest jump since March of 2017 in what is a return to boom times for many capital cities. Once again Sydney and Melbourne led the way, both jumping 1.7 per cent for the month of September, while Canberra was the other strong performer leaping 1 per cent, according to the latest data…
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Weekly Auction Wrap: Sydney’s busiest week of the year
In a weekend where Victorians were busy watching the AFL Grand Final, Sydney recorded its busiest Saturday of the year for auctions. Sydney recorded a preliminary clearance rate of 78 per cent from 939 auctions, according to the latest CoreLogic data, which was up from 608 this time last year. With attention elsewhere in Melbourne, there were only 103 auctions,…
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realestate.com.au puts more data in agents’ hands
realestate.com.au has launched the first customer app that enables agents to track how their listings are performing anywhere, at any time, direct from their mobile device. Ignite will enable agents to link their profiles so they can view active listings and track their campaign performance whilst on the go. Agents will also be able to view and respond to buyer…
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Cameron Kusher to lead REA’s economic research
REA Group has appointed one of Australia’s most-respected and experienced property commentators Cameron Kusher to the newly-created role of Executive Director of Economic Research. Mr Kusher joins REA from CoreLogic, where he spent more than 10 years, most recently as the Head of Research. REA Group CEO Owen Wilson said Mr Kusher would work alongside REA’s well-established and influential Chief…
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Ray White Rural’s annual muster for 2019
Ray White Rural & Livestock held it's annual muster on the Gold Coast yesterday with almost 200 agents coming from all over Australia to learn and get inspired. The speakers at the one-day conference at the Marriott Resort, Surfers Paradise were economists, industry thought-leaders, elite agents, progressive entrepreneurs and even disruptors. Stephen Nell, Ray White…
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Ray White Rural celebrates its 2019 winners
MORE than 200 guests from as far as Albany in Western Australia, Timboon in Victoria, Tumbarumba in New South Wales, Port Augusta in South Australia and Barcaldine in Queensland attended the annual Ray White Rural & Ray White Livestock awards on the Gold Coast last night to celebrate the achievements of the top offices and…
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Stable population growth to support building activity
Population growth figures released this week are good news for the residential building industry, according to the Housing Industry Association. The latest ABS data shows Australia’s annualised population growth rate remained at 1.6% during the March 2019 quarter. HIA Economist Angela Lillicrap said the stable population growth is a welcome development for the residential building industry as it recalibrates to…
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New data from OpenAgent reveals the behaviours of top-performing agents
The behaviours that differentiate top performing agents from those in the middle and bottom of the pack are consistency, persistence, attitude and thoroughness, new research shows. An analysis of the listing success of more than 2000 agents across Australia by referral partner OpenAgent has revealed the first quantifiable data to identify the behaviours – and…
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Knight Frank appoints new board member
Knight Frank Australia has appointed National Head of Asset Management Services Linda Rudd to the company’s Board of Directors. Ms Rudd has been with Knight Frank Australia for more than seven years in the Asset Management Services (AMS) line of business and more than 15 years in the property industry. As part of a broader restructure following the appointment of…
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Property giant Ray White kicks off Australia’s biggest game of Hide & Seek
Leading agency Ray White has just launched its latest brand campaign called Hide & Seek, a playful take on the childhood game in a bid to entice both buyers and sellers into the market. The property giant’s franchised network of more than 1000 offices sold just over 75,000 homes, worth $40.7 billion across Australasia despite the…
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Launch of Downsizing.com.au links developers and agents to lucrative over 50’s market
Property developers and agents have a new way to reach the real estate market’s most active and motivated buyers with the launch of Downsizing.com.au, which is Australia’s leading over 50’s property portal. Downsizing.com.au was founded as Seniors Housing Online by NSW-based sisters-in-law Catherine and Amanda Graham in 2003. It has built a loyal following among clients and consumers and served…
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PropertyGuru planning Australian IPO
Southeast Asian online realtor PropertyGuru Group is said to be planning to list on the ASX in the coming months. PropertyGuru operates real estate classifieds sites in Asia as well as a number of other property related businesses. The company is one of Southeast Asia’s leading online property groups and operates in Singapore, Vietnam, Thailand, Malaysia and Indonesia. One of…
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First Home Buyer Deposit Scheme moves ahead
The Government’s introduction of the National Housing Finance and Investment Corporation Bill (NHFIC) will provide a platform to establish the First Home Buyer Deposit Scheme announced during this year’s Federal election. The HIA welcomed the move, with Managing Director Graham Wolfe saying the introduction of legislation by the Treasurer, the Hon. Josh Frydenberg, to support the home ownership aspirations for…
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Regional areas record strongest rental yields
Australia’s regional areas have once again proved they are the best source for strong rental yields, with one Queensland country town recording a rental return of 11.7 per cent, according to the latest report from Corelogic. The Corelogic top rental performers report identifies the top 100 suburbs where houses or units have an estimated gross rental yield of 5 per…
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Home lending bounces back in the lead up to spring
New ABS data released this week shows home lending is back with a bang, posting a 5.1 per cent jump month-on-month in new home loans settled in July. Owner-occupiers saw the biggest growth, increasing 5.3 per cent in value in July compared with June figures, in seasonally-adjusted terms, excluding refinancing. Investors have continued their come-back into the housing market, with…
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First home buyers surge in July
First home buyers are continuing to take advantage of a less competitive environment and more affordable house prices, according to the Housing Industry Association (HIA). HIA economist Angela Lillicrap said yesterday’s ABS Lending to Households and Business Data for July indicated the number of loans to first home buyers was up by 1.3 per cent for the month and 4.0…
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