Industry News

  • HIA has revealed Australia’s strongest markets for home building in the 2019 edition of the HIA Population & Residential Building Hotspots Report. The Report is aimed at finding employment growth areas targeted towards builders and tradies, and identifies hotspots in all states and territories. “Melbourne has once again dominated this year’s HIA Hotspots Report, with 12 of Australia’s Top 20…

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  • Juwai.com has launched a new service in partnership with Archistar offering Chinese real estate buyers the option of analysing the floor-plans of potential acquisitions for Feng Shui. Archistar is an Australian Proptech startup, responsible for creating and operating a Feng Shui analysis feature that assesses floor-plans and provides insights and design recommendations. To celebrate the launch, Archistar conducted a Feng Shui…

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  • REA Group have announced a strategic partnership between their online platform Myfun and one of China’s leading online real estate listing platforms under 58 Group, Anjuke. The partnership will allow Myfun to further expand its footprint in mainland China, while enabling Anjuke to provide international properties to Chinese users. As part of the partnership, Myfun will syndicate Australian residential properties,…

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  • 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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  • Around half of all homes up for auction across Australia’s capital cities sold during the first quarter of 2019, says CoreLogic. The latest CoreLogic Quarterly Auction Market Review has highlighted a clearance rate of 49.9 per cent across the combined capitals, an increase of +6.6 percentage points on the December quarter results. “Auction volumes and clearance rates are mirroring the broader…

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  • 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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  • 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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  • 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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  • Ray White Rural Albany is encouraging property managers and clients to inspect flexible hoses following reports of flooding in homes in Western Australia’s port city of Albany due to issues with flexible hoses. The most urgent cases include flexible hoses under bathroom and kitchen and kitchen sinks. “We’re checking all our properties now during inspections, as well as creating jobs…

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  • 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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  • 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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  • 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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  • Entries for the annual Awards For Excellence, hosted by the Real Estate Institute of NSW (REINSW), are now open. Now in its 22nd year, the awards recognise top performing real estate professionals and agencies in NSW. The program awards agencies and individuals across 21 categories, judged by a panel picked from members of the REI’s offices in any of the…

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  • Domain has ushered a in a new era, with the appointment of Jason Chuck as the Group’s new Chief Customer Officer. Chuck previously held positions as the Head of Marketing at Google and CEO of LJ Hooker Avnu, a role he told Mumbrella he found hard to leave behind.  “I decided to take up this new role at Domain, as…

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