National
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Strong financial results for rent.com.au
Rental property website rent.com.au has reported strong results for the 2018 financial year, noting revenue growth of 41 per cent. The company, which specialises in rental property searches and associated products, released their full financial year results yesterday morning, stating revenue for 2017/18 was $2,324,880 – up from $1,654,395 in 2016/17. In their report to shareholders, rent.com.au directors explained that…
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Top Ten Takeaways from ARPM Day 1
The Australasian Residential Property Management Conference (ARPM) kicked off yesterday with a whole host of speakers sharing tools and insights for property managers and principals. Here are ten great takeaways from Day 1. 10. Recover your workday Lauren Kirk of Real+ discussed how our need for immediacy (ordering your coffee via an app anyone?) is affecting our ability to realise…
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Reapit demos new platform at ARPM 2018, showcasing Agentbox integration
CRM and property management solution platform Reapit were at ARPM 2018 demonstrating the first phase of their partnership with leading Australian real estate CRM solution Agentbox. The Reapit Group is a leading provider of CRM and property management solutions in the UK residential real estate space. The company first announced their partnership with Agentbox in May this year, and are in…
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Melbourne falls from top of liveability ranking as Sydney rises
For the first time in seven years Melbourne has been knocked from the top of the The Global Liveability Index. The ranking, produced by The Economist Intelligence Unit, has put Vienna, Austria, in the top position for 2018, moving Melbourne to second place. The upset comes as Sydney rises significantly through the ranking, up to fifth position from 11th last…
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Top takeaways from Day 2 at Connect 2018
Here are my top takeaways from a lineup of prestigious politicians, industry insiders and business experts who took to the stage for Connect Day 2. Mark Schulman – Hacking the Rockstar Attitude Fresh from performing with Pink the previous night, drummer Mark Schulman set the tone for an energetic Day 2 at Connect 2018, telling conference attendees: “Every word you…
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Bayleys and Knight Frank partner in New Zealand
Knight Frank, the independent global property consultancy, has announced a partnership with Bayleys Realty Group Limited. Together, Knight Frank and Bayleys will be one of the largest full-service real estate consultants across Australia and New Zealand. The strategic partnership will see the company trade as Bayleys in association with Knight Frank. The move will see multiple synergies for both firms,…
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Ray White Remuera wins top office three years in a row
Powerhouse Ray White Remuera has once again been named as the top international office in the Ray White Group for the third year in a row. The Auckland business with the blue ribbon address has won this coveted award based on the highest settled commission in the Ray White Group now in 2018, 2017 and 2016. “We are thrilled, proud…
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Ray White Commercial recognises its top performers in 2017-18
Ray White Hotels Australia Managing Director Andrew Jolliffe has claimed the major individual honours at the annual Ray White Commercial awards for the fourth consecutive year. The awards were held on Sunday night at the Gold Coast Convention and Exhibition Centre, which kicks off the Ray White Group’s Connect Conference, with 2,500 attendees from across the entire group. Andrew Jolliffe,…
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Ray White Rural and Livestock applauds star performers
Margaret Black, Ray White Rural and Livestock’s longest-serving female and leader of the Atherton office for two decades, was last night awarded the Significant Contribution trophy at the company’s annual awards. The presentation was made by chairman Paul White who referenced Ms Black’s longevity, success and leadership over many years. The youngest principal in the company, talented livestock agent AJ…
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Top takeaways from Day 1 at Connect 2018
Here are my top takeaways from a lineup of prestigious politicians, industry insiders and business experts who took to the stage for Connect Day 1. Former PM John Howard – The Global Economic Future As Australia’s second longest serving Prime Minister, John Howard OM AC led the country over four terms and 13 years. His achievements in the top job…
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Domain FY18 results show $6.2 million loss after Fairfax separation
Domain have shown a revenue of $286.6 million with a net loss after tax of $6.2 million in the company’s FY18 results. The loss comes after the company split from Fairfax and listed on the ASX in November. The company is no doubt hoping incoming CEO Jason Pellegrino, who begins his role at the end of the month, will boost…
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REA Group financial results show increased marketing spend and rise in revenue
The REA Group financial results have revealed the company increased its marketing spend by 23 per cent in the 2018 financial year, up from $60.415 million to $74.483 million. With the removal of the acquisition costs, REA Group showed a revenue increase of 20 per cent to $807.7 million. EBITDA (earnings before interest, tax, depreciation and amortisation) was up 22 per…
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Australia’s prestige market remains resilient in the face of tougher conditions
Three Australian cities sit in the top 20 of the Knight Frank Prime Global Cities Index, showing the prestige market is still performing strongly. The report from Q2 2018, which tracks the progress of 43 cities worldwide, shows Sydney, Melbourne and Brisbane are still keeping up with growth elsewhere, coming in as 15th, 17th and 20th respectively. Perth also showed…
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Belle Property’s National Awards night shines a spotlight on two leading offices
Two of Belle Property’s leading offices, Bondi Junction and Dee Why, stole the show at Belle Property’s National Awards night in Sydney this week. Dominating the night was Bondi Junction Principal Edward Brown, who took home three prestigious awards: No. 1 Principal, No. 1 Transactions and No. 1 Office – a first for the Belle Property network. “We are incredibly…
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The Agency partner with superannuation startup
Superestate, the first non-SMSF superannuation fund to invest in residential property, has partnered with The Agency, appointing the network’s property management team to manage the first investment. The model sees members choose either a 25 per cent or 50 per cent exposure to residential property as the Superestate team builds a national residential property portfolio. The team behind Superestate includes…
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ActivePipe wins big at the Australian Business Awards 2018
For the second year running, Melbourne-based automated communications platform ActivePipe has been named a winner in the Technology Innovation, Marketing Innovation and Software Innovation categories of the prestigious Australian Business Awards. The win continues the growth the company has enjoyed over the last 12 months with their platform, which allows agents to streamline communication channels with their customers. According to CEO Ashley Farrugia,…
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August 2018: Interest rates on hold, Industry reaction
Yesterday (7th August 2018) the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 22nd consecutive meeting. “Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low,” says RBA Governor Dr Philip Lowe. “Housing credit growth has declined to an annual rate of 5 1/2…
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Purplebricks hire high-profile COO to improve Australian operations
Purplebricks have hired Neil Tavender as their Australian Chief Operating Officer, giving him share options worth approximately $2.5 million. As reported by The Negotiator, Mr Tavender’s role will involve turning around the sales operations in Australia, especially after allegations from former employees about the agency’s profitability and work conditions. Purplebricks said recently their Australian operations would become profitable within 12…
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The Harcourts Foundation grants over $33,000
The Harcourts Foundation, the charitable arm of Harcourts Group Australia, announced grants to eight Australian charities during its most recent quarterly funding round. A total of $33,860 was donated across Australia to benefit charities serving the communities where Harcourts employees live and work. “Over the past six months, a total of $85,600 has been granted by The Harcourts Foundation,” said…
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Rent.com.au launches first mobile app
Rental property website rent.com.au have announced they will launch a mobile app for IOS and Android this week. In an ASX announcement, the company said the app would bring all the “unique and useful features” the platform already has alongside a range of “unique new features”. According to the announcement, 60 per cent of the current customers using the platform…
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Second generation Sydney agent recognised at Raine & Horne awards
Commercial sales agent Luke Smith, Co-Principal of Raine & Horne Commercial Inner West/South Sydney, has been named Top National Commercial Salesperson at the 2018 National Raine & Horne Awards held at The Star, Gold Coast last week. Luke Smith, along with his brother Nick, launched Raine & Horne Commercial Inner West/South Sydney in 2007. The Smith brothers had been previously…
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Winners announced in Openn Negotiation Excellence Awards 2018
Over 80 real estate professionals gathered on 26 July to recognise the best-performing agents and agencies at the inaugural Openn Negotiation Excellence Awards. Led by Peter Gibbons, Openn Negotiation Co-founder and Managing Director, it was an opportunity to celebrate not just the finalists and the winners, but all agents who had decided to embrace technology and the need for better…
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Industrial powerhouse signs on to Savills Australia
Savills Australia has appointed industry heavyweight Michael Fenton to head up the business’ national Industrial & Business Services division as part of a country-wide company restructure. Mr Fenton returns to Savills following more than nine years at JLL, where he operated as the company’s Australian Head of Industrial and New South Wales Managing Director. He brings with him more than…
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Sean Hughes and Jeanette Bates recognised for leadership excellence at Realmark 2018 Annual Awards
The Realmark 2018 Annual Awards event took place on Saturday 28 July 2018 at the Perth Convention and Exhibition Centre. The evening recognised the achievements of those who have displayed excellence in practice, performance and passion within the industry. The top awards of the night went to Sean Hughes as Inaugural Practice Leader and Jeanette Bates for APRIL 2018. These awards…
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Leadership unpacked and top performers celebrated at RE/MAX Rally
RE/MAX Australia awarded its January to June 2018 top performers at its July Rally, held at the Victoria Park Golf Complex in Brisbane, where Franchise Director Joel Davoren said the number of new names in the top rankings showed the talent in the network’s growing platform. RE/MAX Bayside Properties was named top sales office for both commission and transactions, and RE/MAX Ignite,…
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Property Connect enter licensing agreement with Clearmatch for use of tech platform
Realty services group Property Connect Holdings has signed a minimum five-year licence agreement to us a technology platform from marketplace treasury company Clearmatch. Property Connect is aiming to use the technology as part of a plan to develop peer to peer lending products focused in the property sector, especially project development financing. The new lending products will generate revenue from…
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Kate Smith maintains standing as one of Australia’s best real estate agents
Leading SA real estate agent Kate Smith, Principal of Raine & Horne Semaphore was named Australia’s best at the 2018 Raine & Horne National Awards, held on the Gold Coast this week. Ms Smith scored gold in the competitive Top Salesperson (Principal) Number of Sales category beating home Sydney sales hotshots such as Ric Serrao, Co-Principal, Raine & Horne Double…
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Kingston Lane CEO to lead the stellar line up at The Business of Real Estate
The Business of Real Estate leadership event is open to all principals, leaders and managers in the real estate industry. This multi-speaker event features presentations from leading business minds within the Australasian real estate industry, as well as international guests. The program will see attendees walk away with key insights, knowledge and strategies which put them to the forefront of…
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DIAKRIT buys back majority shareholding from News Corp
Digital marketing solutions provider DIAKRIT have announced an agreement to buy its majority shareholding from News Corp Australia. The Swedish founded company will now be owned by its three original founders Fredrik Bergman (CEO), Dick Karlsson (Managing Director, Residential) and Martin Fritze (CTO), as well as Pontus Lindholm (Director, Sales Nordic), who will all continue to run the company backed…
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REA Group appoints Sam Boer as Smartline CEO
REA Group have announced the appointment of Sam Boer as CEO of Smartline mortgage broking franchise group. Mr Boer joins Smartline from Commonwealth Bank Australia, where he served as General Manager Third Party Banking in the Retail Banking Sector. REA group acquired an 80.3 per cent stake in Smartline in June 2017, strengthening its home loan offering, which also includes…
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Ouwens Casserly celebrates excellence at first recognition event
The 2018 Ouwens Casserly Recognition Event (OCRE) is the first of its kind for the agency and integrates all divisions (Sales, Property Management and Projects) into one event to recognise and acknowledge the efforts of the entire team over the past financial year. With the addition of two new offices, as well as expanding the team to over 100 members, the…
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First Australian property developer partners with digital co-ownership platform
Australian apartment builder Dyldam has partnered with Kohab to enable more buyers to get into the property market. Kohab is a digital platform and marketplace for co-ownership. The platform aims to enable more Australians to buy their own property through co-ownership and has partnered with Dyldam to provide maximum affordability for investors and first-time homebuyers. Kohab’s platform differs from fractional property…
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Co-working company WeWork announces a move into brokerage services
A year ago WeWork launched a real estate investment fund; now they’re furthering their interest in the space with a real estate advisory business offering brokerage services in the US. The company is piloting WeWork Space Services, which will act as a representative for companies to help them find office space outside of WeWork’s locations. Currently the plan is only…
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Purplebricks announces launch of Purplebricks Plus
Fixed fee agency Purplebricks have announced the launch of a new service for customers in the UK. In an interview given to the Press Association, the agency said it plans to secure 10 per cent of the agency market share in the UK and launch Purplebricks Plus by April 2019. No details of the product have been provided yet, other…
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First National agents support Ronald McDonald House
First National Real Estate has confirmed its sponsorship of Ronald McDonald House Charities’ 2018 Ride for Sick Kids in Northern New South Wales and South Australia as part of its overall national community support programme. The ride raises funds in support of Ronald McDonald Houses in Newcastle, Tamworth and Adelaide, Family Rooms in the John Hunter Children’s Hospital and Gosford…
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