International

  • Every now and then in your career, you may be fortunate enough to work on a project that is truly special. A body of work that not only stimulates you but has the potential to change the very face of the industry you are so passionate about. I am living one of those moments right now. For the past couple…

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  • Harcourts International has announced the expansion of the growing Harcourts USA network. Global real estate pioneer Glen Coutinho has joined the Harcourts USA team as Director of Growth & Training, for the Pacific Region, and will become owner of a new office in Beverly Hills. “We are very pleased to welcome Glen to the Harcourts group,” said Harcourts International Managing Director…

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  • Juwai.com has released the Australia 2019 Outlook for Chinese Residential Real Estate Buying, which shows that 2019 will continue the strong outlook for Chinese investment as buyers are attracted by dropping prices in key markets. According to the report, Chinese buyers will be bolstered by strong Chinese wealth growth and the desire to get a bargain while the market is…

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  • Fixed-fee agency Purplebricks has announced a change to its US business model, switching to a varied listing fee structure which will only be charged when a home is sold. The new approach for the network will launch this week and aligns the business with a more traditional agency model. “These changes have been informed by customer and agent feedback and…

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  • The 15th Annual Demographia International Housing Affordability Survey shows Australia as the second most unaffordable market for housing, with New Zealand coming in third. The survey uses a measurement of ‘median multiple’ to rank affordability, which is found by dividing median house price by gross annual median household income. This method is the same favoured by the United Nations and…

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  • Australian companies Crown Residences at Barangaroo, Ironfish, ArchiStar and BC Securities were four of the most notable among the 20 of the world’s very best China-focused real estate marketers who were named as winners of the Global Chinese Choice Award by Juwai.com at a gala black-tie dinner event in Shanghai on Wednesday, 5 December. The awards presentation followed four months…

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  • Airbnb has announced they will begin building their own prototype homes in 2019 through a new project called Backyard. The short-term letting platform, which arguably kicked off the self-managed short-term letting craze, already has a global network of more than five million properties and is estimated to be worth approximately $38 billion. According to a press release, Backyard will be…

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  • Greg Paramor AO will join the Board of Directors of Juwai.com as a non-executive director from 1 December 2018. Mr Paramor has been involved in the real estate and funds management industry for more than 40 years. He is former CEO of Mirvac Group, past president of both the Property Council of Australia and the Investment Funds Association, a board member of…

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  • Harcourts International has named Rob Forde as Chief Operating Officer International. Mr Forde will be responsible for leading operations and driving growth in six Harcourts territories – USA, China, Hong Kong, Canada, South Africa and Indonesia – as well as taking responsibility for Harcourts’ financial services business, Mortgage Express. Mr Forde takes on this new role and joins the international leadership…

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  • elite agent news room

    realestate.com.au has launched Travel, a new vertical as part of its popular Lifestyle content experience. Travel joins the five existing Lifestyle categories – Renovating, Indoor Style, Outdoor Living, Organising & Cleaning and Dream Homes – to provide Australians with a truly ‘one stop shop’ for all their inspiration and insights needs on realestate.com.au. To celebrate the launch of Travel, realestate.com.au has…

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  • This week is Golden Week – a holiday week for the Chinese where it used to be all about travel, and in Australia, property. But not for the last couple of years according to Juwai.com CEO Carrie Law. Ms Law says that the balloon has definitely deflated over the past three Golden Weeks, and while they still see some transactions, it’s not…

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  • UBS Global Wealth Management’s Chief Investment Office have released The UBS Global Real Estate Bubble Index 2018, indicating ‘Bubble risk’ or a significant overvaluation of housing markets in most major developed market financial centres. According to the report, ‘Bubble risk’ appears greatest in Hong Kong, followed by Munich, Toronto, Vancouver, London and Amsterdam. The study has also found imbalances in Stockholm,…

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  • Realogy Holdings Corp (NYSE: RLGY) announced a partnership with Home Partners of America’s subsidiary, cataLIST, to offer a ‘quick-sale’ program via NRT’s Coldwell Banker brand in selected markets in the USA. This would allow their agents access to a similar model to compete with iBuyer or ‘quick sale’ programs already in the market. Through the cataLIST Program, an owner of a…

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  • elite agent news room

    Harcourts South Africa has partnered with The Global Challenge – an international professional women’s golf team event – where nine players selected to represent the Northern Hemisphere will be teeing up against their counterparts from the Southern Hemisphere. The event is set to be hosted for the second time from 9-11 November in Hermanus, South Africa. For the first time…

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