National
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The capital city suburbs where house prices are tipped to soar
New research has revealed the best housing markets in our three biggest capital cities where prices are forecast to soar by up to 25 per cent in just three years. The analysis by the Select Residential Property Research Group (SRP) identified the top 10 markets for housing price growth in Sydney, Melbourne and Brisbane with the Sunshine State capital tipped…
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Digital Live to return in 2020
Digital Live will be back bigger and better than ever next year, with one concrete purpose; to move the real estate industry forward in its knowledge of all things digital, while improving access to education for disadvantaged children. It’s no secret that the digital world can be confusing. In an ever-changing market driven by digital,…
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McGrath recognises top performers
Twenty-two of McGrath's best were honoured at the annual awards last Thursday night in Sydney. Recognising the highest achieving, community-minded and innovative performers in the group, awards were presented across sales, property management and administration. Mat Steinwede was once again honoured as the Agent of the Year. https://www.youtube.com/watch?v=zHNxZxofmy4&feature=youtu.be
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Millennial first home buyers urged to buy now before start of the First Home Loan Deposit Scheme
Millennials and younger first home buyers may not yet have seen the urgency but First National Real Estate’s chief executive Ray Ellis is urging them to get off the sidelines and seize their opportunity to buy now before the Morrison Government’s First Home Loan Deposit Scheme takes effect on 1 January 2020. “We have record low interest rates and more…
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National agreement reached on building reforms
Both the Property Council of Australia and the Australian Institute of Architects have welcomed a national approach to building reforms after Commonwealth, State and Territory building ministers last week agreed to implement all 24 recommendations of the Shergold-Weir Building Confidence report. Shergold-Weir Building Confidence ReportDownload The report sets out 24 recommendations that look to cement the National Construction Code as…
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Satellite cities take top spots in population popularity contest
Satellite cities and major regional centres are attracting more Australians than capital cities, with the number of Sydneysiders relocating at an all-time high and the Gold Coast becoming the most popular place to move to in the country. According to property market research firm Propertyology, Queensland, Hobart and parts of regional Victoria and New South Wales were the big winners,…
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The Agency delivers strong results
The Agency Group has bucked the trend by delivering a strong June Quarter 2019 including top results in key areas, despite the lingering property market downturn. The company reported its busiest quarter on record in some areas, with a nine per cent jump in number of exchanges to 674, and its highest number of properties under management (4337) – a…
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Queensland leads the way in market recovery
Demand has started to increase in the property market on the back of the recent federal election results and interest rate cuts, with Brisbane and Mackay in Queensland leading the road to recovery. REA’s Property Outlook for July has revealed the “ScoMo bounce” and two interest rate cuts were breathing new life into Australian property, with demand starting to increase…
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Housing affordability best since 1999
Housing affordability is the best it’s been in 20 years, according to the latest HIA figures. HIA Senior Economist Geordan Murray said the figures, gathered from the HIA Affordability Index for the June 2019 quarter, are thanks to a combination of lower home prices, improvements in wage growth and lower interest rates. “For a home buyer with an average income purchasing…
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EBM RentCover focuses on educating landlords
For property owners, putting your largest asset in the hands of a tenant who you’ve never met and know little about can be a risky business – and EBM is trying to get the word out. EBM RentCover Managing Director of Sharon Fox-Slater said the company has recently rebranded and she was excited to continue to grow what is already…
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Inaugural PM Retreat declared a success for Raine & Horne
Raine & Horne recently hosted its property management conference in the NSW Hunter Valley, where speakers used the theories of creative thinking expert Edward de Bono to enhance their daily problem-solving expertise. Held at the magnificent Crown Plaza Hunter Valley, the theme of the inaugural Raine & Horne Property Management Retreat was ‘One Percent Better’ according to Maria Milillo, Business…
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Ray White’s innovative Apartment Collective reinvigorates the auction process
An innovative new auction approach has earnt a huge tick of approval from both buyers and sellers and is set to shake up the way the industry approaches older stock. Ray White’s recent Apartment Collective, an initiative to rejuvenate older stock has been hugely successful, selling 12 properties with a combined value of over $6 million over the course of…
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APRA Lending guidelines and income tax cuts provide welcome confidence boost
The Property Council of Australia has welcomed the softening of residential mortgage lending guidelines and the Government’s income tax cuts, noting the initiatives provide a welcome shot of confidence for the property sector at a critical time for the Australian economy. Responding to APRA’s decision last week to remove the 7 per cent interest rate buffer for residential mortgage lending,…
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Purplebricks confirms US Exit
After announcing earlier this year their intention to exit the Australian market, Purplebricks have confirmed to investors that the group will withdraw from the US business which began trading in 2017. In the financial year just ended (April 30) Group revenue increased by 55 per cent to GBP 136 million and UK revenue was up 21 per cent to GBP…
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Variable mortgage rates fall below 3 per cent following RBA’s second consecutive cut
Variable mortgage rates in Australia have hit a new low following the historic decision by the Reserve Bank of Australia to cut the cash rate to 1 per cent. Late this afternoon, RateCity.com.au confirmed Reduce Home Loans was among the small lenders embracing the latest cut, slashing its lowest rate by 0.20 per cent to 2.89 per cent. Meanwhile, ANZ…
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Property prices start to recover in Sydney and Melbourne
There are some positive signs for property prices on the East Coast as both Sydney and Melbourne have posted monthly gains for the month of June. Values in Australia’s two major housing markets were up 0.2 per cent in Melbourne and 0.1 per cent in Sydney for the month, according to the latest figures from CoreLogic’s Hedonic Home Value Index.…
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Insurance crisis threatens construction sector
An impending insurance crisis risks bringing the construction sector to a halt unless Commonwealth, state and territory governments can work together to resolve the issue. The Property Council of Australia has called for an industry roundtable on resolving the insurance crisis, as many building and construction businesses face closure over the issue. They said it was essential for governments to…
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Getting Your House in Order: Tax Tips for the EOFY
With the EOFY year approaching, now is the perfect time to start getting your taxes in order in a bid to maximise your after-tax income. Here are some useful tips for real estate professionals. As the EOFY closes in, the clear advice for real estate professionals from the ATO is to know your deductions and keep good records. Tax time,…
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The ‘Best of the Best’ in property management recognised at PPM Group awards
Property Management teams across Australia have gathered for the property management industry’s ‘night of nights’ on Queensland’s Gold Coast. The PPM Group ‘Best of the Best’ awards night celebrated the achievements of individuals and teams across the country. PPM Group Managing Director, Debbie Palmer praised the written submissions for their level of professionalism and attention to detail. “The new initiatives…
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Ray White airs ‘The Great’ campaign on TV
For the first time in Ray White’s 117-year history, they have rolled out a national television advertising campaign, drawing on their “Great Australian Dream” brand drive and harnessing the talents of Australian actor Rhys Muldoon. With almost 800 offices under their banner, Ray White is the biggest property group in the nation, and has long been known as a powerhouse…
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Rental management platform Cubbi launches Instant Payments
Rental management platform Cubbi has launched instant rental payments as part of a series of new features aimed at offering an improved rental experience for owners and tenants. Cubbi’s co-founder and co-CEO, Jason Gilbert explained many in the rental proptech space were focussed on taking property management online, but Cubbi’s new features were designed to address common issues encountered by…
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Spirited rise in regional property markets
Distilleries are giving a spirited boost to the property markets in regional Victorian towns, according to an analysis by the Real Estate Institute of Victoria. REIV President Robyn Waters said the study showed that median house prices have soared over recent years in regional towns where distilleries have been established. “Victorians’ love affair with all things artisan has seen gin…
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More borrowers enticed to commit to a fixed term: Mortgage Choice
Demand for fixed rate home loans is on the rise as rates hit all-time lows and lenders target borrowers with aggressive discounting. According to Mortgage Choice’s national home loan approval data, fixed rate loans accounted for 22.47 per cent of all home loans written in May, and 21.81 per cent of all loans written in the past 12 months. Mortgage…
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Clock’s tickin’ – Qld and SA in recovery as NSW continues its decline, according to Herron Todd White
The Sunshine Coast and Bathurst are among areas sitting at the top of the property clock, bucking a trend which sees most of New South Wales in a steady decline, while much of regional Queensland begins its recovery. These are the latest insights from independent valuation and advisory firm Herron Todd White who also had some good news for much…
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The Agency achieves significant growth
The Agency Group has reported continued growth, notching up $402 million worth of property sales in April and May, and $34.8 million in year-to date Gross Commission Income (GCI) to the end of May, 2019. West Coast operations, which incorporate The Agency and SLP brands, achieved the highest GCI of $1.3m in May, while the group delivered a total of…
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McGrath predicts $6.5 million loss, appoints new CFO
McGrath Limited has announced the appointment of a new Chief Financial Officer as the company faces further losses in the final quarter of FY2019 if weak market trends continue. The company expects a full year EBITDA loss of up to $6.5 million for the year ended June, 2019, following on from an EBITDA loss of $4.5 million for the eight…
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Top sales performers recognised at the C21 Convention
At its annual Australasian Convention, Century 21 inducted Nickolas Dilles to its Hall of Fame and recognised top performers from within its network. Hamilton Island was the location of the 2019 Century 21 Convention, which saw attendees from across the business come together for three days of motivation, training, and networking. A key part of the convention was to recognise…
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Partnership gives renters a fair go with bond
Renters will be empowered with greater financial flexibility and convenience when funding their next rental bond thanks to a joint venture between Australia’s leading rental property website and a finance company. Fair Go Finance has partnered with rent.com.au to develop and fund convenient financial products aimed at more than 600,000 renters who visit RENT’s App and website each month. The…
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Agency director Sophie Lyon wins $60,000 to reinvent the rental experience
realestate.com.au has announced Jellis Craig Hawthorn Director, Sophie Lyon, is the winner of the inaugural Real Ideas Prize. The nationwide competition saw real estate industry professionals reimagine the rental experience in Australia and had a total prize pool of $100,000 up for grabs. Ms Lyon pitched ShowMeNow – an Uber style concept designed to make it easier for tenants looking…
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Simon Norris elected National President of the HIA
Housing Industry Association (HIA) National Vice President Simon Norris has been elected the industry body’s President following the recent departure of Pino Monaco. Mr Norris boasts more than two decade’s association with the HIA, including a former stint as Queensland President. “Simon’s involvement with the HIA has spanned over 20 years, in various roles including as Queensland Executive Committee member,…
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Short term growth forecasts for affordable suburbs
New research by research group sellorhold.com.au has uncovered 15 affordable suburbs around Australia, where they say buyers are tipped to make at least $50,000 in three years after offloading underperforming properties elsewhere. Head of Research Jeremy Sheppard said low growth forecasts were common in a number of suburbs in Darwin and Perth, which means that investors would likely be better…
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Crown Group property developers’ sales rebound
Australian property developer Crown Group says the Reserve Bank’s latest rate cut is welcomed by developers and is seeing a return of confidence among home buyers and property investors. Chairman and Group CEO Iwan Sunito said he had seen a surge in both confidence and buyer activity in the past two weeks, as a result of the federal election outcome.…
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The best of the best on show at AREC’s Australasian Auctioneering Competition
After the resounding success of last year’s inaugural competition, the AREC Australasian Auctioneering competition has now established itself as an integral part of the Australian Real Estate Conference. Under the direction of AREC founder John McGrath, the competition was judged by an independent panel of four, who awarded the AREC 2019 Australasian Auctioneer to New South Welshman, Jason Andrew from…
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Housing affordability improves while rental affordability declines: REIA
Housing affordability marginally improved across the country in the March quarter of 2019 with the exception of the Northern Territory, according to research from the Real Estate Institute of Australia and Adelaide Bank. REIA President Adrian Kelly said the March quarter 2019 edition of the Adelaide Bank/REIA Housing Affordability Report found New South Wales had the largest improvement in housing…
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Stanton Hillier Parker relaunches Australian real estate arm
Stanton Hillier Parker has announced it will re-open its real estate arm in Australia. The business will be under the guidance of new management, offering boutique property advisory services to a diversified range of clients Australia-wide. Stanton Hillier Parker was originally formed via the merger of Hillier Parker, first established in 1896 in the United Kingdom, and Stanton & Sons…
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