NEWS
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REIV announces excellence awards
The 2021 Winners of the REIV Awards for Excellence have been announced, with some strong competition across the board. …
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Hotel investment surging in regional NSW
It’s been a tough 18 months for the hospitality industry, but with lockdowns set to continue to ease, the outlook once again looks bright especially for regional hotels. …
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REA Group expands its pathway for women in tech
REA Group’s Springboard to Tech Program has paved pathways for women in tech for the last three years, and applications are now open. …
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The future of property management: add your voice
The past two years have brought unprecedented challenges for all industries, and property management is no exception. Continuous lockdowns and restrictions across Australia have forced an acceleration of change, including rapid digital transformation, that has significantly impacted the way we work and live. To help address future change, MRI Software has launched its 2021 Voice of Australian Property Management Survey, designed as a deep dive into the key issues property managers are facing now and in the future. …
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Outlook for commercial property remains positive despite lockdowns
The outlook for commercial property looks strong as tenants return to offices around the country and ecommerce drives record sales. …
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Sydney property prices not in bubble territory
Record-low interest rates have fuelled rapid house price growth around Australia, however, Sydney is not in a housing bubble just yet. …
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Rising rents push New Zealanders to buy
Signs that rental growth has accelerated sharply across New Zealand is leading many people to look at buying. …
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Historic Berrima Gaol hits the market
An iconic Australian gaol where the nation’s first serial killer was hanged has hit the market, with international interest expected in the historic site. Set on 1.9ha, the Berrima Correctional Centre was used as a gaol for almost 200 years and is made up of 60 prison cells and a watch tower. Constructed between 1835 and 1839, Berrima Gaol, as it is also known, …
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Strong selling conditions as new listings surge across Australia
Buyer demand for property continues to outstrip supply across the country, however, listings are starting to increase according to new data. …
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Schitt’s Creek mansion hits the market
The opulent mansion featured on the hit TV show Schitt’s Creek has hit the market. …
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Housing affordability pressures create pain for apartment upgraders
Upgraders are increasingly running into affordability constraints as house prices around the country continue to increase. …
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A trusted teammate returns to the nest
Surrounded by virtual sales and million-dollar medians, Mr Rosati is embarking on a fresh new opportunity under the Richardson & Wrench brand - right where he began his real estate career in 1980. …
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PropertyGuru appoints REA Group CEO Owen Wilson to board of directors
Southeast Asian-based PropTech company, PropertyGuru has announced that REA Group Chief Executive Officer (CEO) Owen Wilson has joined its board as a non-independent director. …
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Rent rolls across Eastern states hold value but fees are falling
The median value of a rent roll across Australia’s Eastern Seaboard is worth $400,012, data from a specialist rent roll broker shows. Real Estate Dynamics Annual Rent Roll Market Report also shows each property in the rent roll earns a median average annual management income (AAMI) of $1457 in the 2020-2021 financial year. Real Estate Dynamics Chief Executive Officer Nathan Brett said the figures come from the 101 rent rolls the group sold in the 20/21 financial year, …
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Kanye West’s original bachelor pad for sale
Recording artist, Kanye West's first home in the Hollywood Hills has hit the market, with music lovers keen to see where his journey began. …
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The price of swish ski homes continues to rise
Demand for homes in popular ski resorts is rising at a rapid rate all around the world according to a new report. …
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Regional property prices continue to climb in Western Australia
House prices across regional Western Australia are continuing to gain momentum after a strong period of growth. …
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Just 35 per cent of Aussies would buy property in the current market
Almost two thirds of Australians believe now isn’t the right time to buy property, according to new research by financial comparison site, Finder. …
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Real estate agent’s innovative approach yields rich rewards with @realty
Victorian real estate agent Leo Edwards is far from your ordinary realtor. …
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REIA releases policy agenda ahead of upcoming Federal Election
The REIA has set out the policies it believes the government needs to address on behalf of the industry in the lad-up to the Federal Election. …
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Snug and MRI Software join forces to save property managers time
Snug, a leading rental application and inspection booking software, has joined forces with MRI Software in a partnership that will give property managers back more time in their day. Central to the partnership is a scalable, API-based integration between Snug and MRI Property Tree that enables property managers to effortlessly create a tenancy by onboarding successful rental applicants. “In a competitive rental market and challenging COVID environment, …
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Tight market conditions cause settlement dates to blow out
New data from Ray White indicates that the era of short settlements might be coming to an end. …
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Queensland named number one property investment location
A new report has highlighted Queensland as Australia’s number one property investment location. …
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Mortgage Choice and Smartline to operate as one brand
REA Group today announced a significant integration milestone for its broker business with Mortgage Choice and Smartline to operate under one brand. …
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From Elton John to Gloria Gaynor: Tim McKibbin and Leanne Pilkington perform a mashup of the ’80s biggest hits
At the REINSW Awards on Friday night, REINSW President and CEO performed the ultimate mashup of 80’s hits, singing to the dance floor chart-toppers Don’t go breaking my heart, I will survive and YMCA. But the two showed a lighter side to their challenging roles this year by changing the lyrics to a tongue in cheek look at difficulties agents have experienced in interpreting changing rules in the past 12 months. …
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Auction volumes rising as clearance rate tops 80 per cent
Auction volumes are continuing to increase, with CoreLogic reporting a preliminary clearance rate of 81.8 per cent after 2920 properties were taken to auction across the combined capitals. …
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Record demand for regional NSW property continues
Record real estate activity in many areas of regional NSW, has local agents thinking that there could be more strong house price growth ahead. …
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Melbourne maintains $1 million median price as regions boom
House prices across Victoria remain incredibly strong, with the Melbourne median price above $1 million and regional areas growing at a record pace. …
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REIQ says rental reforms may hurt property owners
The Real Estate Institute of Queensland (REIQ) is concerned new rental reforms that were introduced this week hurt the rights of property owners. …
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Caring sees Cathy Baker capture top real estate awards
Cathy Baker has taken out two prestigious accolades at the Real Estate Institute of NSW Awards for Excellence, …
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Onsite auctions return to Canberra as lockdown ends
Agents in the ACT have woken up this morning out of lockdown and able to conduct onsite auctions again, albeit with a few restrictions. Under the ACT’s pathway out of lockdown, live auctions can recommence from today with a maximum of 25 people on site. Mask wearing and social distancing requirements also remain in place, with Real Estate Institute of the Australian Capital Territory (REIACT) Chief Executive Officer Michelle Tynan saying only the auctioneer was allowed to remove their mask when calling the auction. …
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Demand for property reaches an all-time high
It appears that nothing can slow down the red hot property market as both demand and transaction numbers continue to skyrocket. …
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New Zealand has more agents than homes for sale
The number of real estate agents across New Zealand has continued to grow over the past 12 months and the industry is doing its best to maintain high standards. …
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The ‘rightsizing’ boom is putting pressure on luxury supply
Sales of luxury apartments are booming and there are growing concerns that supply is going to get increasingly tight. …
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Hutly updates VicForms platform to boost productivity and data accuracy
Hot on the heels of Hutly's acquisition of Property Data last week, Hutly is today releasing an update to the VicForms platform that introduces a property-centric way of working with real estate contracts. …
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