National
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LPMA 2018 Annual Award Winners Announced
The annual Leading Property Managers Association Awards night was held on May 10th at The Star on the Gold Coast with over 400 industry guests in attendance. LPMA Australia National Manager, Jodie Stainton said, “It was an extraordinary night rewarding extraordinary efforts! All of our finalists worked so hard to get to this point so it was amazing putting on…
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Is a crunch in investor mortgage demand now starting to bite?
Dwelling values, particularly those in Sydney and Melbourne, have been falling now for a number of months. The latest ABS housing finance data indicates that the impact of these falls is now seemingly being felt in demand for new mortgages. While the value of lending fell over the month for owner occupiers and investors, the slowdown was much more substantial…
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Real Estate Bookings Announces Rebrand to Plezzel
Real Estate Bookings, a leading national provider of marketing automation software and digital marketing services, today announced the business’ rebrand to Plezzel, which will include a new logo and website. The comprehensive rebrand demonstrates the company’s ongoing focus to provide a completely digital platform for the real estate industry. Based on terminology used for Product Line Engineering (PLE), Plezzel is…
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Cohen Handler, Australia’s leading Buyer’s Agents, announces the departure of CEO and co-founder Ben Handler
Over the past eight years, Ben has worked with Simon Cohen to build Cohen Handler into Australia’s largest buyer’s agency. After founding the company with $5,000 in 2009, Cohen Handler has grown from two people working from a bedroom to 70+ staff members across six offices in three countries, having purchased more than $3 billion worth of property along the…
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Coronis Names New Sales Director
Queensland property services group Coronis has made a strategic internal promotion as part of their 2020 growth strategy to open 40 offices. Managing Director Andrew Coronis has announced Adam Empringham will step into the Sales Director role in July 2018, following 11 years of service with the company, six as an Area Leader managing 10 offices. “I would like to…
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HIA Industry Leader Shane Goodwin to Retire
After 22 years at HIA, the last nine as HIA’s Managing Director, Shane Goodwin, has announced he will retire in August. “It has been an extraordinary honour and a great pleasure to serve HIA and the building and construction industry in Australia. “ “It has been a demanding and challenging role, but also an extremely rewarding one. The residential housing…
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REA Group Appoints Nick Dowling as Non-Executive Director
REA Group has announced the appointment of Nick Dowling as Non-Executive Director of the company. Mr Dowling is the Melbourne based Chief Executive Office of Jellis Craig. He has a strong real estate background as well as financial and corporate services experience having served as the former Head of Real Estate, Business Banking at Macquarie Bank Limited. Chairman Hamish McLennan…
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Invigorated strategy sees rise in EAC members
A focus on the future and providing agents with tools to address a rapidly changing landscape have seen Estate Agents Co-operative (EAC) increase its membership by 24 per cent since the beginning of the current financial year. CEO David Crombie explained that the co-operative had a renewed strategy to best serve their members’ needs, and the momentum was clearly reaping…
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CoreLogic Quarterly Economic Report Update – April 2018
Value of Residential Property: $7.5 trillion Value of Australian Superannuation: $2.5 trillion Value of Listed Equities: $1.9 trillion Value of Commercial Real Estate: $0.972 trillion Nationally, dwelling value growth has stopped in its tracks, in fact, over the first quarter of this year, national dwelling values have fallen by -0.5%. Although the quarterly rate of decline has slowed compared to…
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First National Real Estate Appoints National Performance Manager
First National Real Estate, Australia’s largest independent real estate network, has announced the appointment of Mr Ted Piteo as National Performance Manager. Mr Piteo’s role at First National will be to provide professional development support, business mentoring, network development, and he will contribute to overall performance enhancement across the network. As former chief executive of The Professionals South Australia (since…
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CoreLogic launches video for agents
Real estate agents can now quickly and easily create compelling video and social posts to share with customers with the launch of HomePrezzo through CoreLogic. HomePrezzo is a digital real estate marketing platform that promises to revolutionise the way agents engage with vendors and buyers. It delivers engaging templates that draw upon CoreLogic data so agents can easily create their…
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Queensland Sotheby’s International Realty welcomes leading auction advisor
Queensland Sotheby’s International Realty is delighted to welcome award-winning auctioneer Gavin Croft to the team. Mr Croft has accumulated 17 years of real estate experience, conducting more than 7000 auctions across Australia and New Zealand as both a licensed sales agent and/or auctioneer. Queensland Sotheby’s International Realty CEO Paul Arthur said Mr Croft will strengthen the synergy between the company’s…
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Sam Bevan Tops the Leaderboard in Transform 2018
Transform 2018 has been described as the ‘tough mudder’ of real estate training challenges: over the past 30 days our participants have attended live classes, completed a challenge per day, and worked with the best in the business on improving their careers. Participating this year there were more than 20 industry coaches and trainers, delivering more than 30 webinars and…
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Century 21 Australasian operations announces local rebrand
The announcement follows the global parent unveiling an international rebranding campaign at its recent Masters event in Orlando, Florida. Global President and CEO Nick Bailey was on hand to welcome the significant change of the logo, which features a refreshed color palette that stays true to its iconic gold and black scheme, while also embracing a new modern look and…
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EAC embraces online property auctions
The Estate Agents Co-operative (EAC) has paired with Sale Ezy to offer online property auction capability to their members. Described as “Australia’s first and most cutting-edge, end-to-end online sales and auction platform”, Sale Ezy will allow agents to host online property auctions while ensuring all compliance issues like vendor ID checks are taken care of. It will also allow the…
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Victorian Budget 2018-19: An opportunity lost says REIV
The Real Estate Institute of Victoria is disappointed that the Andrews Labor Government has not provided any property tax relief in its Budget handed down this week. “While the Premier says his government is getting things done, it has failed to get one of the most important things done,” REIV President Richard Simpson said. “We believe that a reduction in…
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Budget needs to deliver a plan for Australia’s growing cities, says Property Council
Amid the debate about how Australia manages its growing population, tomorrow’s Federal Budget is a critical opportunity for the Turnbull Government to articulate its’ plan to shape Australia’s cities for a successful future. ‘The Government’s enthusiasm for ‘congestion-busting infrastructure’ is welcome, and no doubt we’ll see more of these projects supported in the last Budget before the next election,’ said…
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Belle Property announces key appointment within the Corporate team
With a strong focus on growth and people development, Belle Property has appointed Nick Boyd as Head of Sales and Business Development, starting next month. Since 2012 Nick has been working in educational roles within the real estate industry as well as others. “We are extremely excited to welcome Nick back to Belle Property. He has always been very involved…
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Starr Partners rolls out virtual reality
Boutique real estate group, Starr Partners, has begun to roll out virtual reality and other interactive tools across its agency network, giving buyers the ability to step inside a property from anywhere in the world. Starr Partners has equipped 12 of its offices with virtual reality headsets, with plans for an extensive rollout over the coming months. Douglas Driscoll, CEO…
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May 2018: Interest rates on hold, Industry reaction
At its meeting yesterday (1st May 2018), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for it’s 19th consecutive meeting. REA GROUP “More indicators are pointing to improving economic conditions and given how fast the US is growing, this will support our economy,” said REA Group’s Chief Economist, Nerida Conisbee. “The main thing…
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CoreLogic April Home Value Index: values record their first annual decline since November 2012 while regional dwelling values continue to edge higher
CoreLogic released its April home value index results which, at a national level, revealed a fall of 0.1% for the month, the seventh consecutive month-on-month fall since values started retreating in October last year. Similar to previous months, CoreLogic head of research Tim Lawless found that the declines were concentrated within the largest capitals, while regional dwelling values edged 0.4%…
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REA Group Limited to acquire Hometrack Australia
REA Group Limited (ASX:REA) has announced that realestate.com.au Pty Ltd has entered into an agreement to acquire 100% of Hometrack Australia Pty Ltd (“Hometrack Australia”) subject to ACCC approval. Hometrack Australia is a residential property data company and subsidiary of Hometrack Data Systems, which is owned by UK listed ZPG Plc (LSE:ZPG). Hometrack Australia is a provider of property data…
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Negative Gearing Supports Renters and Housing Affordability: HIA
“Reports in The Australian on ATO data show that almost two thirds of investors are on an average income of less than $80,000,” said HIA’s Principal Economist, Tim Reardon. Independent research undertaken for HIA by The CIE concluded that increasing the tax on investing in residential homes will force up rental prices, worsen housing affordability and reduce economic activity. The…
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RE/MAX Revolution opens in New Zealand
Recently in New Zealand, RE/MAX Revolution showed its star calibre at its official opening, an event described by RE/MAX New Zealand and RE/MAX Australia Managing Director Michael Davoren as the ‘greatest attendance at any office opening in his real estate career of more than 35 years’. Around 250 attended, comprising clients and suppliers whom RE/MAX Revolution broker owner Don Ha…
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rent.com.au acquires RentPay from MYOB
Rental property website rent.com.au has announced that it is expanding its service offering to rental payments by acquiring RentPay, a rental payments system from a subsidiary of MYOB Group Limited. Rent.com.au has entered into an agreement with MYOB, leading provider of business solutions to 1.2m businesses across Australia and New Zealand, to acquire the RentPay system and customer base. RentPay…
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First National Real Estate Leadership Awards recognise young change-makers
Some young up-and-comers have been recognised with First National Real Estate Leadership Awards. Grant Milbourne, 28, of Lenah Valley was the winner at the 2018 Tasmanian Young Achiever Awards and was presented with his title by Ray Ellis, Chief Executive of First National. Mr Milbourne founded ‘I’ME’ or Insight Mindfulness Education, a not-for-profit organisation that supports youth wellbeing and mental health.…
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Vendors look to social media for faster results
New data shows vendors can potentially sell their home faster by choosing to list their home through @realty’s new Home Booster social media platform. Home Booster, which is used by @realty agents Australia-wide, has generated a total of more than 21,000 leads for the 50 vendors who have listed their home on the platform in recent months. @realty agents list…
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APRA throws property investors a lifeline with benchmark removal
An announcement from APRA to remove the investor loan growth benchmark will see some banks cut investor rates to lure back more investors into the lucrative sector. Banks introduced higher rates for investor loans following the introduction of the cap on investor lending, announced in December 2014. Today, RateCity.com.au data shows the gap between owner-occupiers paying principal and interest and…
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Century 21 agents to get some inspirational island time at the start of winter
Century 21 agents will experience an endless summer this year with the network’s Australasian Convention to be held on Hamilton Island in early June. Hundreds of agents from across Australia and New Zealand will be treated to internationally renowned speakers, cutting-edge training and exciting new company announcements – all planned around special events that will exploit the breathtaking views of…
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Top Ray White principal advises The Mentor
Matt Lancashire, the number one selling principal in Ray White’s Queensland network, was humbled to be chosen by businessman Mark Bouris for his new hit reality TV show, The Mentor. The first of Seven’s new seven-part reality makeover series The Mentor, which aired last night, centred on a family real estate agency in Moreton Bay. “I felt humbled that Mark…
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Firm brings property to life with AR technology
Australian firm Realar is breaking new ground in augmented reality with their property-viewing app Realar Places. The platform has been specifically built for real estate use to help buyers visualise off-the-plan properties. The app will project a 3D model of a property onto any flat surface, allowing a buyer to get a good look at the home and have a…
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Elders recognises Rob Rickard for the seventh year in a row
Elders Rural Real Estate Sales Specialist, Rob Rickard, has been recognised at the Elders Real Estate Awards as National Rural Salesperson of the Year, together with Victorian Salesperson of the Year for the seventh consecutive year. Servicing the Camperdown and Mortlake region since 2001, Mr Rickard attributes his success to offering a high level of service to clients within his…
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The Hills continue to be green pastures for Century 21
The success Century 21 has enjoyed in booming north-west Sydney is set to reach new heights with star Hills agent, Martin Baldacchino, opting to open Century 21 The Hills District with Rafi Younes, one of the network’s most successful agents and franchise owners. Mr Baldacchino and Mr Younes both enjoy Centurion status within the network, one of Century 21’s highest…
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Harcourts recognised for Excellence in Events
At the Meeting and Events Australia 2017 Industry Awards, Harcourts was honoured with the Corporate Event of the Year award. The awards recognise excellence in the meetings and events industry across Queensland. As a state winner, Harcourts is amongst the national finalists for the Meeting and Events Australia Gala Awards to be held on May 8 in Adelaide. “Winning the…
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Affordability improving in most capital cities: HIA
“Affordability improved in most of Australia’s capital cities during the first three months of 2018 as house price pressures eased,” said Shane Garrett, HIA Senior Economist. HIA’s Affordability Index is calculated for each of the eight capital cities and regional areas on a quarterly basis and takes into account latest dwelling prices, mortgage interest rates and wage developments. The results…
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