Real Estate Industry News
Elite Agent is a respected news, education and information source for real estate professionals throughout the world – because we work with the best in the business. We cover all aspects of real estate careers including property management, leadership, rent roll growth, sales techniques, listing, negotiation, technology, social media, digital marketing and more. More about Elite Agent.
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Owner occupier resurgence offers a positive outlook for 2021
The total value of new loan commitments for housing and the value of owner occupier home loan commitments both reached record highs in November 2020, according to the latest Australian Bureau of Statistics (ABS) figures released today. The total value of new loan commitments for housing rose 5.6 per cent… …
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Virtual inspections see Brisbane market momentum continue
Brisbane’s lockdown did not stop house-hunters keen to inspect property last weekend with many switching to a virtual platform. …
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Hemsworth brothers’ Malibu mansion sells for US$4.9 million
A Malibu home that was owned jointly by Luke, Liam and Chris Hemsworth just sold for $4.9 million. The brothers purchased the property in 2016 for $3.45 million. Luke 40, Chris 37 and Liam 30 have had stellar careers in film and television since Luke began acting in an Australian soap opera in 2001,… …
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Franchises announce team changes to cater to hot Gold Coast market
Demand for property on the Gold Coast has seen an expansion of the Ray White Runaway Bay Group, who have just opened their fifth agency in the region. Their new office at Arundel just outside of Surfers Paradise is a key residential suburb popular with local families. It is a… …
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How would you market this ’60s party mansion?
The former party mansion of mafia girlfriend and America's sweetheart, Phyllis McGuire is on the market, complete with its own replica Eiffel Tower. …
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Amazon sets out to create affordable communities
Amazon has announced a Housing Equity Fund to preserve and create over 20,000 affordable housing units. …
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Lifestyle demand sees rental prices surge
A surge in Aussies moving to lifestyle destinations is causing a hike in rents, with it now costing more to lease a unit in Brisbane than in Melbourne. …
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Gold Coast development shows no signs of slowing
The Gold Coast off the plan property market is continuing its stunning run into January, with the city’s major development companies and agencies reporting robust sales activities across a broad spectrum of the market. …
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Smashed avo to porridge at home: Young Australians are saving for home ownership
The coronavirus pandemic has accelerated the desire for homeownership in young people, according to Mortgage Choice research. …
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Fresh faces open Ray White Indooroopilly
DYNAMIC real estate duo Kirrilli Cobley (pictured right) and Jessica King (pictured left) are set to bring new energy to the Indooroopilly market with the launch of their Ray White franchise. Combined, the pair have more than 25 years of experience in the real estate industry, most recently as Corporate… …
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Record numbers of Aussies say now is a good time to buy
Optimistic home buying sentiment has reached a pre-pandemic high in Australia according to new research from Finder. …
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Detached building approvals go from strength to strength
"ABS Building Approvals data for detached houses rose for the fifth consecutive month in November to reach the highest number of approvals since December 1999," stated HIA Economist, Angela Lillicrap."While HomeBuilder was the catalyst for improving consumer confidence in the housing market, the strength of detached building approvals is due… …
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Domain announces partnership with Fintech to provide VPA for sellers
Enterprise payments fintech, Limepay, has been selected by Domain Group to jointly deliver a bespoke buy now play later product called “MarketNow” with Australia’s leading property marketplace, Domain (ASX:DHG). MarketNow is a secure online payment gateway that allows real estate agencies to collect the total marketing costs from owners upfront when selling their… …
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Agents set course for the Hills district
Co-Directors Ismail Ates and Marvin Dayupay have announced the opening of a new office in the Hills district of Sydney. …
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The hits and misses for commercial property in 2021
COVID-19 changed the way we do commercial property, potentially forever says to Steve Palise, commercial property expert and author. …
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Brisbane inner-city specialist announces solo venture
Phillip Harrigan was once a 'big company' man, but a yearning to break free of the corporate structure and build his own brand has seen him launch Harrigan Property Group - and he's not looking back. …
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Momentum in Australia’s property market continues to build: CoreLogic
Core Logic's December data points to a strong 2021, with …
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Property boom predicted for 2021
Five out of 8 Australian capital cities are likely to produce double-digit house price growth in the 2021 calendar year while forty (40) or more non-capital city locations will crack 20 percent capital growth over this 12-month block according to Propertyology's Simon Pressley. Pressley says the history books will show… …
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Elders donates $3000 in grants to local charities
Two Elders Real Estate agencies have been successful in obtaining Advantage Community Grants from realestate.com.au. …
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Forbes launches prestige property portal
They are famous for publishing lists of the world’s richest people, now Forbes have launched their own prestige property portal. …
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Video of the Week – ‘Home Alone?’
Collings Real Estate's Stefan Perera listed 1/197 Separation Street, Northcote in Victoria for sale this week, launching the property campaign with a Home Alone themed house tour just in time for Christmas. The inspiration was iconic Christmas movie(s) Home Alone, which they felt would do well to show off the… …
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From ‘Zoom Rooms’ to Chef kitchens: 7 top home trends for 2021 from US portal Zillow
Zillow has done the research: but which US buyer and tenant trends will translate to the Australian market in 2021? …
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America’s most expensive home is going to auction
America’s most expensive home is set to go to auction. Currently listed at $160 million, the property is insulated on 10 acres in Beverly Park. …
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Auction results indicate a race to the 2020 finish line
The final weekend of property auctions for 2020 proved there is still impetus and interest in the market, with this weekend's high volume matched by an equally impressive preliminary clearance rate. With the Christmas break now under way, Domain is the only source providing auction results. They have reported… …
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Best of the Best Report shows 2020’s biggest property market winners
CoreLogic’s Best of the Best 2020 Report reveals Australia’s $7.2 trillion residential real estate market proved remarkably resilient. …
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A California mansion so nice, Wayne Gretzky bought it twice
Hockey’s greatest superstar, Wayne Gretzky, has listed his Thousand Oaks home for $22.9 million. Wayne and his wife, Janet, worked with architect-to-the-stars Richard Landry to design the home in 2002. After selling it to former baseball-star-turned-financial-advisor Lenny Dykstra in 2007, who trashed it after filing bankruptcy, the Gretzkys repurchased it in 2018 for… …
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Virtual real estate brokerage eXp celebrates growth milestone
eXp World Holdings have announced the company has exceeded 40,000 agents globally. This represents a year-over-year increase of 60 per cent when compared to 25,000 agents at this same time last year. Publicly traded eXp World Holdings and its global brokerage, eXp Realty, has been pursuing an aggressive growth strategy… …
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REIA welcomes State of the Nation’s Housing Report
The National Housing Finance and Investment Corporation (NHFIC) has released its first flagship report producing five-year projections for housing supply and demand across Australia’s major cities and regional areas. …
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US platform Realtor.com acquires platform to help DIY landlords
Move Inc has announced the acquisition of Chicago-based Avail - a platform that improves the renting experience for do-it-yourself landlords and tenants. …
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OFT approves new training requirements for Queensland real estate agents
The Office of Fair Trading (OFT) in Queensland has approved new training requirements for people wanting to enter the real estate industry. The new training, as part of initial licensing requirements, follows an independent review of the national property services training package. Before approving the new training, the OFT consulted… …
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Cops called after ‘too busy’ home open
Have you ever had home opens so busy, the neighbours suspect foul play and call the cops? Adam Whitford of Xceed Real Estate was in disbelief when SWAT police turned up at the property he was selling, 5 Pebble Beach Edge, in Connolly Western Australia. The three-bedroom property was a… …
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RE/MAX announces new office in regional Victoria
Business owners Daniel and Monja Schoeman are looking forward to bringing the trusted name and reputation, along with the iconic RE/MAX balloon to East Gippsland. "The reach of RE/MAX is far, and allows us to draw on the expertise of the company, with access to state-of-the-art technology and resources, to… …
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REIA re-elects Adrian Kelly and Haydn Groves at 2020 AGM
2021 will be a year to watch says newly re-elected Real Estate Institute of Australia President Adrian Kelly. Both Mr Kelly and incumbent Deputy President Haydn Groves were re-elected to their positions at the AGM held last week. In addressing the AGM, Mr Kelly said although it's been a difficult… …
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Home Live develops a purpose-built streaming platform likened to “Zoom” for the real estate industry
Extreme isolation and social-distancing measures due to the COVID-19 pandemic have made remote communication tools such as video conferencing no longer a nice-to-have. When it comes to the real estate industry, Home Live Co-Founder and CEO Luke Watson shared results from a recent study conducted by Home Live which revealed… …
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Auction activity shows no sign of a Christmas slump
Auction activity ramped up this week with CoreLogic reporting 2537 homes were taken to auction across the combined capital cities. …
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