Real Estate Industry News
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Legendary Jockey Mick Dittman named ambassador of Gold Coast’s $2.3 Billion Imperial Square
Legendary Australian jockey Mick Dittman, affectionately known as The Enforcer to legions of fans, has been named the face of the Gold Coast’s $2.3 billion Imperial Square development in a move that brings together two giants in their respective fields. The announcement reads: Developer Azzura Investments has appointed Mr Dittman … …
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Barossa attracts interstate investors to Darwin real estate
The $5 billion Barossa Gas Project announcement is attracting interstate investors backto Darwin, according to Raine & Horne. The announcement: Interstate investors have responded to news that resource giant Santos has embarked on the $5 billion Barossa Gas Project, the most significant resource project since the INPEX\Ichthys a decade ago. … …
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Capital city auction volumes set to dip slightly
Auction volumes look set to slow slightly this weekend, with 2099 properties expected to go under the hammer across the capital cities. CoreLogic’s National Auction Market Preview shows that number is down on the 2467 auctions held last week, but it’s still significantly higher than the 413 auctions run a … …
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HIA welcomes new Director in the Northern Territory
The Housing Industry Association (HIA) have welcomed Luis Espinoza as its new Executive Director for the Northern Territory. The announcement: As the HIA regional director, Luis will be the voice for the residential building industry in the Northern Territory, providing help, advice, information and support for members. Mr Espinoza is … …
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Homesafe to waive upfront fees for seniors facing debt pressure
Homesafe Solutions Pty Ltd (Homesafe) has announced today that it will waive its upfront fees for all new Customers who enquire before 30 June 2021. The announcement: Homesafe recognises that many older homeowners are facing increased pressure in relation to ongoing mortgage commitments and experiencing less flexibility or support from … …
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Open Negotiation surpasses $2 billion in sales
Online real estate sales platform Openn Negotiation has just celebrated a major milestone, announcing it has achieved $2 billion in property sales. …
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BrainBox AI partners with Skyfii to drive increased energy savings in commercial real estate
BrainBox AI – a supplier of autonomous AI technology for commercial and corporate real estate, has announced a partnership with Skyfii (ASX:SKF). The announcement: Skyfii, a leading data intelligence provider in the Asia-Pacific region helps building owners understand the behaviour patterns of their visitors. Under the partnership, Skyfii customers will … …
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Unit sales up 58 per cent in Perth
REIWA have released new figures in relation to unit prices in Perth for the March 2021 Quarter. The announcement: Unit sales increased 58 per cent in Perth in the March 2021 quarter compared to the March 2020 quarter.REIWA President Damian Collins said early reiwa.com data for the March 2021 quarter … …
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Dubbo’s SJ Shooter Real Estate drives community engagement to new high
Dubbo’s SJ Shooter Real Estate took the concept of community engagement to a new level last week, when they booked out the local drive-in to show their appreciation for their clients. …
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Finalists announced for 2021 REIA National Awards for Excellence
The finalists for the 2021 REIA National Awards for Excellence have been announced, with this year’s event set to take place in Darwin in June. …
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Kathy Mac Dermott and Chris Mountford step down from Property Council
The Property Council of Australia has announced the departure of two long-standing members of its executive team. …
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Million Dollar Listing stars saddle up for move to Texas
American real estate company Douglas Elliman is expanding into Texas and it’s bringing some big guns with it, including Million Dollar Listing New York star Frederik Eklund. …
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A tale of two cities: Sydney vacancies rise while Brisbane rental market tightens
Brisbane’s rental vacancy rates are continuing to tighten, but it’s a different story in Sydney, with vacancies rising to 4 per cent last month. …
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The Rock on a roll: Dwayne Johnson buys $45m Los Angeles mansion
Dwayne 'The Rock' Johnson has made a fast and furious purchase, splashing out AU$45 million for a Los Angeles mansion. …
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Former Wallabies star Will Genia looking to offload home in Brisbane’s Coorparoo
Australian rugby union star Will Genia and his wife Vanessa have put their suburban Brisbane home on the market, after the former Queensland Reds player extended his contract with a Japanese club. …
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Madonna still living in material world after buying The Weeknd’s California estate
A global pandemic isn’t enough to stop Madonna living large in her material world, with the singer paying $A25 million for a California estate belonging to The Weeknd. …
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Extension of HomeBuilder construction start welcomed
The Federal Government’s weekend announcement that the construction commencement requirement for the HomeBuilder has been extended has been welcomed by industry groups. On Saturday, the Government announced an extension from six months to 18 months for the start of construction for all existing applicants. The changes will bring the total … …
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Preliminary clearance rate tops 80 per cent on the back of higher volume
The combined capital city preliminary clearance rate has risen to 80.5 per cent this week after volume bounced back from the Easter slowdown. CoreLogic reported 2448 homes were taken to auction this week. Over the week prior, a lower 2199 auctions were held with preliminary figures showing 79.4 per cent … …
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Peeved buyers demand pet-friendly apartments
Dwelling values are continuing to climb but so is confidence, with new data showing industry confidence levels are approaching record levels. …
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Property values are climbing, and so is industry confidence
Dwelling values are continuing to climb but so is confidence, with new data showing industry confidence levels are approaching record levels. …
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Metro Melbourne median house price passes the $1 million mark
The median house price in Victoria has recorded one of its largest quarterly increases, with the value of Melbourne metropolitan houses passing $1 million. …
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Are barndominiums the next big thing in the world of modular construction?
There’s a new craze in modular construction barnstorming the world of social media, with interest in barndominiums going through the roof. …
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First-home buyers turning attention to homes requiring renovations
First-home buyers are increasingly looking for fixer-uppers to get a foothold in the property market, with four in five Australians planning to renovate their ‘new’ homes after purchasing. …
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New home building hits highest level in more than 20 years
New home building surged to its highest level in more than 20 years in the December quarter, with the Housing Industry Association attributing the rise to the Federal Government’s HomeBuilder program. …
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Domain report shows house rents hit new highs in most capital cities
Domain has just released its Rent Report for the March quarter, with data showing every capital city in the country bar Melbourne, Perth and Darwin hit new record highs in the first three months of 2021. …
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Sydney home achieves almost $1m price gain in nine months
In further evidence of the Sydney property market’s resurgence, a dilapidated three-bedroom home 14km from the CBD has achieved a price gain of almost $1 million in nine months. …
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Canberra needs 12 new houses a day for next 20 years
Arabella Rohde was elected as the Property Council’s new ACT division president last month and she’s now issued a blunt warning about challenges faced by population growth in the nation's capital. …
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There’s no place like Judy Garland’s former Malibu beach home
As Dorothy said in The Wizard of Oz, “there’s no place like home”, and although you don’t need a pair of ruby slippers to own Judy Garland’s former Malibu beach house, it will set you back more than $5 million. …
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Sherrie Storor masterminds new program for high performers
Building a business that is profitable, with healthy revenue margins, encompasses a high-performing team, is structured, enables you to develop your leadership skills and allows you to build wealth and legacy and provides you with freedom is all within reach. …
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Century 21 opens five new offices in five weeks
Century 21 has experienced strong growth in Australia and New Zealand so far in 2021, with the network opening five new offices in the past five weeks. …
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REIWA predicts state’s property values to climb higher than first thought
The Real Estate Institute of Western Australian has revised its growth predictions for the state’s property market, with its new forecast tipping values will rise by 15 per cent this year. …
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Luke Kenyon joins Homely’s Executive Team as Head of Product
One of the nation’s leading industry-backed real estate portals has appointed a new Head of Product, with Homely.com announcing Luke Kenyon has joined its Executive Team to take on the newly created role. …
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CoreLogic data shows auction clearance rates hit 80 per cent
CoreLogic has released its Quarterly Auction Market Review, today, revealing Australia's combined capital cities clearance rate reached 80.0 per cent over the first quarter of 2021. …
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New research reveals first home buyers need six-figure deposit to enter market
According to new research, prospective homeowners in Australia now need a six-figure deposit to purchase a property. …
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RE/MAX expands Queensland presence with new North Lakes business
The Moreton Bay region north of Brisbane has a fresh real estate alternative, with RE/MAX Now expanding its footprint in the region to cater to North Lakes, Mango Hill, Murrumba Downs and surrounding suburbs. …
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