National
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Gavin Rubinstein to open Ray White office in Woollahra
Gavin Rubinstein, a number one salesperson in the Ray White Group for the past six years, is set to open a Ray White office on Queen Street, Woollahra as of 1 June, 2019. The location is in one of the most prestigious pockets in Sydney’s eastern suburbs. Mr Rubinstein has been part of the leading Ray White Double Bay office…
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Entries for the Annual REA Excellence Awards (AREAs) are now open
Submissions are now open for the Annual REA Excellence Awards (AREAs), which celebrates excellence in the property and media industries. The AREAs honour the most innovative, community-minded and highest-achieving individuals and businesses across property and media. There are 21 awards in total across the three categories of Innovation, Service & Marketing Excellence and Community. The categories are designed to encompass…
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Property disruptor Soho launches ‘News Feed’ feature
Property disruptor Soho has launched a ‘News Feed’ feature for its app in an attempt to help buyers and sellers find their dream home. Similar to existing social networking platforms, users will be able to track trending topics through hashtags, connect to industry experts, and watch videos from industry figures. Since the platform launched in 2017 it has garnered over…
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Northern Territory triumphs in Transform/19
‘Transform’ is Elite Agent’s premier education program – a 30-day opportunity for real estate professionals to improve their careers and be coached by the best in the business. More than 100 agents with various levels of experience participated in the 2019 challenge, from novice auctioneers to experienced agents and agency leaders. Challengers are awarded points along the way for completing…
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Liberal Party announces leg up for First Home Buyers
First home buyers are set for a significant leg up with a new initiative from the Morrison Government to slash the size of a home loan deposit, announced last night. Recognising that it can take nine to 10 years for an average household to save a deposit the Liberal plan is to help Australians realise the goal of buying their…
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Michelle Delaney announced as permanent CEO for Better Homes and Gardens Australia
Better Homes and Gardens Australia has appointed Michelle Delaney to the position of CEO Australia. This appointment adds additional strength to the group following last week’s announcement that the company had opened its first two offices in Sydney’s Hills District. The team at Combined Services – the parent company of Century 21 and Better Homes and Gardens Real Estate in…
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REIA calls Federal Election campaign a success
The Real Estate Institute of Australia (REIA) has called its public awareness campaign against property taxation a success. According to REIA President Adrian Kelly, the aim of the campaign was to ensure that all political parties, candidates and voters know the consequences of the Opposition’s policy on negative gearing and capital gains tax in advance of the May 18 election.…
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May 2019: RBA rates remain at 1.50 per cent – industry reacts
Yesterday (7 May 2019), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 30th consecutive meeting. Here’s a quick rundown of what happened. With respect to the housing market: The adjustment in established housing markets is continuing after the earlier large run-up in prices in some cities. Conditions remain soft and rent inflation…
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Purplebricks confirms Australian Exit
After weeks of speculation, Purplebricks Australia has announced its intention to exit the Australian Market. Michael Bruce, the Group’s Founder and CEO is stepping down from the business with immediate effect. Vic Darvey, previously Purplebricks COO, has been promoted to the role of Chief Executive Officer effective immediately. A statement from the new CEO regarding the Australian exit says: “After…
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Northern Territory agent shines bright at the Elders Annual Real Estate Awards
Elders Real Estate recently held its Elders Annual Real Estate Awards, honouring the best sales agents, property managers, business owners and administrative staff in the network. According to Elders Managing Director and Chief Executive Officer, Mark Allison, the awards nights are an opportunity to thank the Elders community for their outstanding work throughout the year. “The awards provide an opportunity…
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Cost effective content marketing platform makes it easy for agents to share
A new platform has recently launched to help agents share information about listing, selling and buying property. RealContent.guru was founded by Kylie Davis and delivers downloadable articles written from the perspective of a property professional providing advice to a client. “Marketing and promoting yourself as an agent has changed dramatically over the past few years,” Ms Davis said. “Now, it’s…
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The worst could now be behind us: CoreLogic
CoreLogic has released the home value index results for April 2019, confirming that the decline in home values has lost some momentum over recent months. Dwelling values across Australia continued their downward trajectory in April, falling by half a per cent over the month to be down -7.2 per cent over the past twelve months, and -7.9 per cent lower…
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Catalano acquires regional mastheads from Nine
Nine Entertainment has announced the sale of its Australian Community Media (ACM) assets to former Domain CEO, Antony Catalano and Alex Waislitz of Thorney Investment Group. Mr Catalano and Mr Waislitz acquired 170 regional and country mastheads including The Canberra Times, The Border Mail, The Courier Mail, The Land and Queensland Country Life. The cash proceeds of the sale are…
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ATO to double the number of audits for rental deductions
Rental property owners are being urged to make sure their claims are correct, as the Australian Taxation Office (ATO) announces it will double the number of audits scrutinising rental deductions. In the 2017–18 financial year, more than 2.2 million Australians claimed over $47 billion in deductions. Assistant Commissioner Gavin Siebert said this year the ATO have made rental deductions a…
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Professionals add some blue chip corporate experience to their marketing team
Professionals continues to build its internal team with the recent appointment of Alex Whitfield as Head of Marketing. Mr Whitfield has worked in strategic marketing and business development for over a decade and specialises in brand activation, lead generation and customer experience design. In the past, Mr Whitfield held the position of Marketing and Business Development Manager with the Australia-Israel Chamber…
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REA Group appoints new CFO
REA Group have welcomed Janelle Hopkins to the team as their new Chief Financial Officer. Ms Hopkins previously held the position of Group Chief Financial Officer at Australia Post and will begin her new role on 3 June. Ms Hopkins will be replacing Owen Wilson who stepped into the role of CEO with REA Group in January. Speaking to The…
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Quantity Surveyor data challenges validity of Labor’s negative gearing assumptions
New data released by MCG Quantity Surveyors is claiming the Labor Party relied on incorrect assumptions in formulating its negative gearing policy. According to the data, Labor’s assertions on the percentage of investors buying new homes were grossly understated and call into question the party’s revenue projections. “Shadow treasurer Chris Bowen has suggested new-buy investors comprised anywhere between four and…
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New research suggests too many bidders at auction is demotivating
People bid less in auctions that have more bidders, new research suggests. Economists from the University of Sydney and the University of Technology Sydney (UTS) have released the results of a new study suggesting that the more bidders there are in an auction, the less each bidder thinks they have a chance of winning. Published in the latest issue of…
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Strong demand and low unemployment provide a positive property outlook
The latest property outlook from realestate.com.au indicates that the current market downturn is ‘far from the worst we’ve experienced’. Some uncertainty for buyers and sellers will continue in the lead up to the Federal Election whereby a Liberal win should see stability for the market, but a change in government would continue to see values fall along with above market…
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LJ Hooker Avnu launches digital platform
LJ Hooker Avnu has launched a new platform aimed at making the buying and selling process smarter and more transparent. The platform provides vendors and landlords with real time data about web traffic, buyer feedback and comparative listings and sales and agent activities related to the sale of their property. According to L Janusz Hooker, Chairman of LJ Hooker, the…
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Ray White study shows principals earn more than the benchmark
LEADERSHIP and dogged determination are what the company say underpins a new Ray White achievement. According to a recent study principals earned 76 per cent more than their Australian industry peers in 2018. Ray White reviewed the 2018 financial year results for 269 of its own Australian businesses and then compared it The Australian Benchmark Report (Real Estate Agents 2018),…
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REIA launches Federal Election campaign
The Real Estate Institute of Australia (REIA) has launched a campaign to give the property sector a voice during this years Federal Election. In a statement REIA President, Adrian Kelly, said he aims to ensure issues relating to the taxation of property are an integral part of the campaign and all politicians are educated about the consequences of the Labour’s…
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CoreLogic launches a new home loan analytics portfolio, merging portfolio and property data
CoreLogic has launched a new home loan analytics portfolio, merging portfolio and property data to assist lenders operating in changing market conditions. According to CoreLogic Executive Head of Data, Analytics and Solutions, Tracey Ah Hee, this analysis solution will help lenders to identify portfolio blind spots. “We match a lender’s existing portfolio data to property-specific data to provide a customer-level…
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Bendigo Bank reduces their owner-occupied home loan variable interest rates
Bendigo Bank has announced it is decreasing its Bendigo Express Home Loan and Basic Home Loan variable interest rates. Bendigo Bank Executive, Consumer Banking, Richard Fennell said the changes introduced will enhance customer experience by providing greater choice. “Some of our customers, particularly first home buyers, may prefer the assisted home loan journey and market-leading service excellence of our Bendigo…
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Household lending rises in February: ABS
New figures released by the latest Australian Bureau of Statistics (ABS) have revealed the value of new lending commitments to households rose 2.6 per cent in February 2019. The February rise followed on from a fall of 2.3 in January. According to ABS Chief Economist, Bruce Hockman, despite the activity, the longer term story is largely unchanged with new lending…
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Rent yields across Australia rise over the first quarter of 2019: CoreLogic
The first CoreLogic Quarterly Rental Review for 2019 has been released, with results showing a national increase in yields over the past three and 12 months. According to CoreLogic Research Analyst Cameron Kusher, gross rental yields for the first quarter are at 4.10 per cent compared to 3.95 per cent in the previous quarter and 3.77 per cent a year…
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PRDnationwide celebrate stand out achievers in their network
PRDnationwide have recognised the top performers and leaders in the network with their annual gala dinner. The gala dinner was held at the conclusion of a two-day program of forum and conference events, with the winners being acknowledged in front of more than 260 of their industry peers. PRDnationwide Chairman & Managing Director Tony Brasier praised the event, commenting that the…
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realestate.com.au has launched ‘How to Home Loan’ – a video campaign
realestate.com.au has launched a new video series to help first-home buyers navigate the challenges of securing finance and buying a home. The tongue-in-cheek series, called How to Home Loan, stars Jess Harris and explores the everyday frustrations that come with the home-buying journey. From daunting bank meetings to maintaining the avocado lifestyle while trying to save, the five-part educational series…
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Three important takeaways from Momentum 2019
The Momentum 2019 series, presented by realestate.com.au, has wrapped up for another year and attendees were treated to some stellar advice that’s sure to amplify productivity throughout the rest of the year. Hitting all the major capitals and taking a quick detour to Wagga Wagga, this year’s event headliners brought out the big guns for their presentations. Motivational speaker Yossi…
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Century 21 kicks off media campaign with Seven West
Century 21 has commenced its 2019 advertising campaign partnership with Seven West. As part of the media plan between Century 21 and Seven West media, C21 properties and agents will be promoted across some of the biggest media assets in Australia, including the popular TV hit House Rules which will air in May. Owner and Chairman Charles Tarbey recently made…
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April 2019: RBA rates remain unchanged – industry reacts
Yesterday (2 April 2019), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 28th consecutive meeting. Many commentators expected this to be the case as the cash rate has now remained unchanged for 32 months. Here’s a quick rundown of what happened. With respect to the housing market: The adjustment in established housing…
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Budget 2019 focused on a strong economy
Prime Minister Scott Morrison and Federal Treasurer Josh Frydenberg handed down the Federal Budget last night. With a Federal Election on the horizon, the centrepiece of the budget was a cash rebate pitch to middle income earners and no changes to taxation legislation this side of an election. It’s the second year in the row there was no mention of…
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Regional development manager takes top female leadership award
The winner of the 2019 Urban Development Institute of Australia (UDIA) and Frasers Property National Women in Leadership Award for Excellence has been announced, with Lendlease Regional Development Manager – Communities, Tamara Rasmussen, taking the top accolade. Ms Rasmussen has worked in property and development for two decades, including 15 years with Lendlease, and says she is thrilled to have…
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realestate.com.au aims to simplify tenant selection with new verification tool
realestate.com.au recently launched Tenant Verification that aims to simplify the tenant selection process. Available through the 1form platform, Tenant Verification is a service aimed at helping prospective tenants submit a more complete application by verifying identity documents and rental history. How it works For a fee of $29 (payable by the tenant) the report details the results of an identity…
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Housing downturn loses some steam: CoreLogic
CoreLogic’s latest home value index results show the pace of declining property values in March eased relative to the past four months. Head of Research at CoreLogic, Tim Lawless, confirmed that the 0.6 per cent drop in March was the smallest of the month-on-month declines since values fell by 0.5 per cent in October last year. However, Mr Lawless noted…
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