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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Brendon Skipper takes the wheel at Movinghub
New Zealand prop tech company Movinghub has appointed former realestate.co.nz CEO Brendon Skipper as Acting Chief Executive Officer following the resignation of Kelly Addis. Movinghub Global Chief Executive Officer Michael Dornan said Mr Skipper had more than 15 years of experience in leadership roles and would lead the company through its next stage of growth…
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Sydney kicks off 2020 with increase in rental vacancy
Vacancy rates increased in Sydney during the month of December, rising 0.2% to 3.4%. This is particularly evident in Sydney’s Inner Ring where rates increased from 2.4% to 3.4% suggesting tenants are experiencing a rise in availability across the metropolitan areas. In the Middle and Outer Rings rates dropped suggesting these areas are proving more…
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Victorian property market sets new records
House values in metropolitan Victoria have surpassed $850,000 for the first time as the state continued its strong run, smashing price records in the December 2019 quarter. The results come on the back of two consecutive quarters with growth of more than 3 per cent each, according to the latest Real Estate Institute Victoria quarterly…
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Six properties sell ahead of The Event as Gold Coast market gathers steam
The Gold Coast’s flagship real estate auction, The Event, is off to a flying start with six properties finding buyers ahead of Saturday’s auction date. Australia’s largest in-house auction program, hosted annually by Ray White Surfers Paradise Group (RWSP), is living up to its title with an initial 103 properties listed on the 2020 program.…
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Ray White Inner North welcomes familiar face
Perth real estate agent Helen Bond is returning to her old stomping ground as she takes up the role of Sales Executive at Ray White Inner North. In the past, Ms Bond established Ray White's first office in Mount Lawley – an area she has lived and worked in for more than 30 years. "This…
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Best regional towns for annual price growth revealed
New research has identified the best major regional locations for average annual house price growth over the past two decades. The in-depth analysis by property market research firm and buyer’s agency Propertyology found that, contrary to popular opinion, many towns across the country produced median house price growth as robust as capital cities over the…
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REA Group unveils national event series
REA Group will bring thousands of its customers together at a unique new industry event series to be held in Melbourne, Sydney, Brisbane, Adelaide and Perth this year. Prop20, to be held throughout March and April, will give agents, property managers, developers and marketing teams with access to leading industry experts, while allowing REA customers…
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Top 20 locations house prices tipped to rise most in 2020
Tasmania is leading the way for median house price rises in 2020 – one of several locations across the country tipped to record a rise of up to $200,000, according to new research. The analysis by SuburbGrowth.com.au – part of the Select Residential Property Research Group (SRP) – identified the top 20 locations where median…
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A new chapter for Brisbane’s Henry Wong Team
Brisbane’s Henry Wong Team is set to embark on an exciting new chapter after recently joining forces with Harcourts Beyond. Located on Brisbane’s Southside, the Henry Wong Team has established itself as a dominant real estate business, receiving multiple awards as a top RE/MAX agent and notching up numerous titles. The group prides itself on…
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Console Cloud integrates with Victorian forms provider
Australian software firm Console Australia has integrated Victorian forms provider Forms Live with Console Cloud in a move that will save real estate professionals across the state significant administration and double-handling of data. Console Cloud is Console’s flagship SaaS enterprise software product, providing trust accounting, property management and real estate software in Australia and New…
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First home buyers back at highest level in almost a decade
First home buyers are making the comeback of a decade with new figures showing the highest level of new lending in almost 10 years. The latest Australian Bureau of Statistics figures show a 19.71 per cent increase in the value of new owner-occupier loans taken out in November, year-on-year in seasonally-adjusted terms While investors slipped…
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Domain supports agents in bushfire-affected areas
Property marketer Domain Group is offering a package to support real estate agents who have been affected by the nationwide bushfire crisis. Domain said the package was open to any customers who were operating within affected bushfire areas and experiencing a negative impact on their business as a result. "It’s hard to comprehend the scale…
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Market Buy reports record online sale
Market Buy has kicked off the year with a major win, achieving what they believe could be the highest online sale in “the history of Australian real estate”. Using the online offer management system, @Realty in Far North Queensland sold the massive 8000-acre land holding known as “Hazeldean” for $8.344 million on January 9. In…
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Holiday homeowners can help those affected by bush fires
Leading property firm Raine & Horne has made a significant financial contribution to the real estate industry's Beyond the Bricks campaign and is also calling on owners of short-term holiday rentals to consider letting to families whose homes were destroyed by the horrific bushfires. Beyond the Bricks is the property's industry's response to the bushfires and has already…
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REA Group announces promotion of Kul Singh to Chief Sales Officer
REA Group has announced the internal promotion of Kul Singh to the position of Chief Sales Officer and a member of the Executive Leadership Team, commencing January 20. In his new role, Mr Singh will be responsible for all aspects of sales across REA Group, including sales teams supporting residential, developers, commercial and media customers. …
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Real Estate industry unites to support victims of the bushfire crisis
Within days of launch, almost 30 real estate industry brands have united behind the Beyond the Bricks campaign as part of an industry-wide response to the devastation caused by the bushfires. With a focus on a three-phase response that encompasses the pillars of 'relief, rebuild, restore', the group has already pledged more than $900,000 with…
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Bushfires may intensify housing shortage
The bushfire crisis is likely to further impact the already tough housing market in regional Victoria, according to the REIV. Fierce fires continue to ravage Eastern Victoria, with over 75,000 private dwellings under threat. Meanwhile, locals will soon return to their homes and try and rebuild their lives. REIV President Leah Calnan said, with many…
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REA Group joins the global support of Australia’s bushfire relief efforts
As Australia’s bushfire crisis continues, REA Group is introducing relief initiatives to help provide assistance to those affected by the devastation. REA Group CEO, Owen Wilson said like all Australians, the REA had been shocked and saddened by the overwhelming impact Australia’s bushfires are having on local communities and the environment. “We know nothing can…
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House prices close out 2019 with more strength
It was another strong month of house price growth in December, as the year-end rally stayed true to form across the country. Across the major capital cities, dwelling values increased by 1.2%, marking yet another solid monthly performance, according to the latest data from CoreLogic. Again it was Sydney and Melbourne leading the price increase,…
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Ray White optimistic about year ahead after successful 2019
Ray White is optimistic about the real estate business heading into 2020 after a successful 2019 which saw the group top its previous year’s sales numbers and record its best-ever month in November – all despite challenging market conditions. Ray White Group Managing Director Dan White the 2019 results were testament to the quality of leadership…
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Sotheby’s joins luxury brands in new Brisbane precinct
Queensland Sotheby's International Realty (QSIR) is relocating its head office in Brisbane to an integrated luxury lifestyle precinct which puts them under the same roof as other up-market brands. The world-class flagship Breakfast Creek Wharf facility from Hong Kong-based multinational conglomerate, Lei Shing Hong Limited (LSH Property), is also home to some of the country’s…
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NSW property reforms to increase agent qualifications
The NSW Government has announced a swag of new real estate and property industry reforms due to start on 23 March 2020, including increased qualifications for those entering the industry and ongoing training for established agents. The reforms also affect the licensing and qualifications of agents working in the real estate and property industry, and…
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McGrath shows confidence in South Coast market
McGrath Estate Agents will open two new franchise offices on the New South Wales South Coast in Mollymook and Ulladulla. Led by the area’s leading sales agent Andrea Tucker, the new offices are part of McGrath's expansion along the eastern seaboard markets in NSW. McGrath Estate Agents Head of Franchise Christopher Mourd said McGrath Mollymook…
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‘A Little Ray of Giving’ raises thousands this Christmas
Christmas came early for many charities as Ray White’s Christmas initiative ‘A Little Ray of Giving’ raised thousands of gifts, money and more than 300 bags of non-perishables across Australia and New Zealand. More than 350 offices across the Ray White Group signed up to the cause, with more than 11,000 presents gathered, $2,200 in…
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New proptech ListReady is capturing the market with a clever alternative to manage property listing expenses
Marketing is one of the best investments a vendor can make to attract buyers and create competition. An innovative tech-based ‘pay later’ solution is revolutionising this process by providing an alternative to credit cards to cover advertising and other listing-related expenses.
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Knight Frank appoints new Head of Queensland
Knight Frank has appointed Shaun Witherow as its new Head of Queensland. Mr Witherow has been acting Head of Queensland since October, with the role becoming permanent from December 16 following a thorough internal and external recruitment process. He was previously Knight Frank Queensland’s Head of Asset Management Services (AMS) and has been with the…
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DiJONES supports NSW regional towns in drought
DiJONES real estate has been driving economic stimulus in regional communities across NSW this Christmas, visiting more than 14 drought-affected towns, where they ate, shopped, stayed and delivered care packages. The company covered 3000km over three days as part of its Drought Drive, designed to support regional areas doing it tough in the worst drought…
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First National expands Fleurieu Peninsula network
Little more than a year after First National Real Estate Ollwitz opened its new office in Willunga, SA, principals Ross and Debbie Coleman have joined forces with Peter O'Brien to open a second branch on the Fleurieu Peninsula office. The new office will operate under the same name in the historic town of Goolwa, and…
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Professionals expands into booming Riverstone
The Professionals group has expanded its footprint in north-western Sydney after welcoming experienced real estate principal Stephen Trethowan to the agency network. Mr Trethowan, who had previously operated under the LJ Hooker banner, began trading as Professionals Homepoint Realty at Riverstone on 1 December. The seasoned real estate professional has been operating in the Riverstone…
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Weekend Auction Wrap: Volumes taper off ahead of Christmas
Auction volumes and the preliminary clearance rate across the country were lower this weekend, as the tapering off ahead of the Christmas period officially began. The clearance rate in Sydney dropped for a third straight week, with volumes down by -13 per cent on the prior week. Only 846 homes were taken to auction, according…
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Century 21 adds an office in Hoxton Park NSW
Century 21 has ended the year on a high, opening a new office in Hoxton Park, NSW. It comes only weeks after Camden, Gregory Hills and Harrington Park in NSW, and Woombye in Qld opened their doors under the C21 brand. Century 21 Partners, located in Hoxton Park NSW, is led by accomplished Principals Jamal…
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LJ Hooker Foundation donates $200,000 to those in need
The LJ Hooker Foundation has donated almost $200,000 to help those in need this year, including charities Humpty Dumpty Foundation, Cystic Fibrosis, Share the Dignity, and the Australian Red Cross. The LJ Hooker Foundation, which has raised more than $8 million since inception, helps LJ Hooker offices engage with their local communities and boost social…
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Ray White Centenary’s Little Ray of Giving in the outback
Ray White Centenary has donated $2000 to outback schools as part of the annual Ray White Group's ‘Little Ray of Giving’ campaign. The campaign is aimed at supporting the local community through donations, and over recent years has seen the Ray White Centenary office donate gifts for children facing a tough Christmas. This year they…
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Research shows consumers prefer SMS marketing
New Australian research shows nearly three-quarters of consumers say an SMS message from a business is more likely to get their attention than email or an app notification. Mobile business messaging provider MessageMedia said around the world, many businesses are already reaping the benefits of SMS-driven customer interactions, as demonstrated by the incredible growth in SMS statistics.…
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Sydney auction clearance spike positive for Gold Coast
The emerging recovery of Sydney’s property market is good news for the Gold Coast as it heads into the peak selling season, according to Ray White Surfers Paradise CEO Andrew Bell. With auction clearance rates in Sydney posting their best November results since 2016, Mr Bell said the Gold Coast is in line for its…
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