National
-
Weekly auction wrap: Registered bidder numbers jump
The buyers returned over the weekend as auctioneers saw another strong auction clearance result across the country. Both Sydney and Melbourne saw jumps to 81.2 per cent and 73.2 per cent respectively, both up on last week’s final results. Elsewhere the numbers were also strong, with another week where auctions closed out above the 70 per cent level nationally, finishing…
Read More » -
PRD unites to support Red Nose Day!
PRD offices across the nation have united to support Red Nose Day, embracing their silly side for a serious cause. Over the years, PRD has partnered with many charities including the Daffodil Day appeal, YoungCare and the Cancer Council’s Pink Ribbon fundraiser. This year, the brand turned its attention to Red Nose Day. Now in its 31st year, Red Nose…
Read More » -
A ‘challenging’ year for REA Group but outlook is positive for property
Despite challenging market conditions, REA Group has posted an eight per cent increase in both earnings and revenue for the financial year ending June 30. Australia’s major real estate listing service announced their results to the market on Friday, which also showed an eight per cent decline in listings over the past year, with the Sydney and Melbourne markets being…
Read More » -
InfoTrack named a top 10 leading innovator in technology
Integrated searching company, InfoTrack, has been named in the top 10 of the 2019 AFR BOSS Most Innovative Companies List as a leading innovator in technology across Australia and New Zealand. The prestigious annual list, published by The Australian Financial Review and Boss Magazine, is based on a rigorous assessment process in conjunction with a panel of industry expert judges. InfoTrack has…
Read More » -
PropertyMe celebrates 2,500 subscribers
Just four months after notching up 2000 customers, Australian PropTech company, PropertyMe, has celebrated the milestone of 2500 cloud subscribers across Australia and New Zealand. With over 30 years’ experience in the PropTech space, the founders of PropertyMe had the unique advantage of starting PropertyMe from a blank canvas six years ago. Since launching, PropertyMe has delivered more than 1400…
Read More » -
Research reveals older Australians’ hopes for housing
Future government policy on housing is set to be shaped by a new study which reveals most older Australians want to live in the middle or outer suburbs of a city in detached, freestanding three-bedroom homes. The research, Older Australians and the housing aspirations gap, undertaken for AHURI by researchers from Curtin University and Swinburne University of Technology, explores the…
Read More » -
The RBA keeps rates on hold
After two straight months of rate cuts, the RBA has left rates unchanged at one per cent. The move was widely expected and will mean borrowers will likely not see any changes to variable rates this month. However, RBA Governor Lowe has suggested that the RBA stands ready and able to cut rates further if they are required to do…
Read More » -
Weekly Auction Results: Sydney and Melbourne holding steady
While the combined clearance rate across the country saw a slight dip this week, Australia’s two major markets of Sydney and Melbourne have remained above the 70 per cent mark. In Melbourne, there were 500 homes up for auction with a 73.3 per cent success rate. That was up from the prior weeks of 71.7 per cent. Meanwhile in Sydney,…
Read More » -
Property prices continue to turn the corner
There are more positive signs for property prices across the country as the latest data from CoreLogic suggests the market is moving into a recovery phase. This is the second straight month that prices have ticked higher in both Sydney and Melbourne as the positive sentiment in the market continues to improve. Since APRA reduced the buffer rate on borrowers,…
Read More » -
Ray White hits the Harvard classroom for leadership
Property giant Ray White has hosted its fifth Leadership Academy in Sydney, giving its members a world-class education and a global perspective on leadership skills and best practice. The family have been students of the Harvard Business School for almost a decade and now they offer this opportunity to their members and key partners. This week, Ray White welcomed more…
Read More » -
Rockend acquired by global software provider
MRI Software (“MRI”), a global provider of real estate software solutions has acquired Australian market leader Rockend. For MRI the acquisition expands their offering in the Australia and New Zealand markets, bringing with it more than 6,000 clients and 750,000 strata lots in the residential property management rental and strata sector. “Acquiring Rockend represents a…
Read More » -
Fletchers launches film to celebrate centenary
Reaching a major milestone such as a 100-year anniversary is a feat very few Australian real estate agencies ever accomplish. From humble beginnings at their first offices at 2 Cotham Road in Kew in 1919, to a network of over 20 offices more than a century later, the foundations established by the Fletcher family in…
Read More » -
Property app Soho signs PRDnationwide
Social property app Soho has just signed over 400 PRD nationwide Real Estate agents and 80 offices across Australia The collaboration allows users more ways to discover properties on Soho, while also being updated on daily market insights into real estate trends. Property seekers will now get all their property needs more easily, and in one place while also connecting…
Read More » -
Weekly Auction Results: Auction clearance remains high on slightly higher volumes
Sydney and Melbourne continue to lead the country with another strong week of auction clearance results. After last weeks solid result, Sydney again leads the nation with a preliminary 78.5% clearance rate. While Melbourne continues to improve and finished on higher volumes than Sydney 74%. As sellers continue to sit and wait for spring, demand…
Read More » -
Auctions this week: Clearance rates continue to tick higher on low volume
Auctions this week: Clearance Rates Continue to Tick Higher on Low Volume It might be the middle of winter in Australia, but that hasn’t stopped the resurgence in the auction clearance rate across the country. In Sydney, the preliminary clearance rate was up to 81.5%, its highest in more than 18 months. In Victoria CoreLogic…
Read More » -
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…
Read More » -
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,…
Read More » -
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
Read More » -
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…
Read More » -
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…
Read More » -
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,…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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,…
Read More » -
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…
Read More » -
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…
Read More » -
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.…
Read More » -
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…
Read More » -
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,…
Read More » -
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…
Read More » -
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…
Read More »