COMMERCIAL
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Cheaper for small businesses to buy commercial property than lease
Raine & Horne Commercial have released their second quarter 2021 edition of Commercial insights, supplying the industry with an insight into the health of the commercial property market in Australia. …
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EVENT sells $79.6 million of commercial property, cinemas reeling from lockdowns
EVENT Hospitality and Entertainment, best known for the Event Cinemas franchise, has sold $79.6 million worth of non-core property assets. …
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Western Australia’s commercial property market is thriving
The commercial property market in Western Australia has risen from the ashes in the last financial year, according to Ray White. Ray White Commercial research has found Western Australia (WA) has greater certainty across all sectors, with tenants again occupying premises, business up and running, and low interest rates. Ray White head of research Vanessa Rader, in conjunction with Ray White Commercial WA directors Stephen Harrison and Chris Matthews, …
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Strong quartet to lead Raine & Horne Commercial on Central Coast
Raine & Horne Commercial, has enlisted four local real estate specialists agreeing to head up its brand on the NSW Central Coast. The local quartet of Geoff Tilden, Brad Rogers, Sue Tilden and Naomi Rogers will lead Raine & Horne Commercial’s Central Coast operations. Mr Tilden, who started his real estate career in commercial and industrial property sales in Sydney in the 1980s, is a director of Raine & …
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Office occupancy rates up as workers return to CBDs
New data released by the Property Council of Australia has revealed CBD office workers have returned to their workplaces in strong numbers in 2021. …
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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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Ryan Seacrest lists resort-style house for $115.5m
Ryan Seacrest is joining the long list of wealthy Hollywood stars moving away from Los Angeles, as he puts his resort-style Beverly Hills house on the market for a hefty AUD$115.5 million. …
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Reese Witherspoon sells her Malibu ranch for US$6.7m
Reese Witherspoon has offloaded her second Los Angeles property in the past six months, after recently selling their Malibu ranch in an off-market $6.7m deal. …
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Payments have resumed for most deferred home loans
“This is an encouraging sign that most Australians are through the worst”, said Australian Banking Association CEO, Anna Bligh. …
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Check out Cameron Smith’s new home on the Gold Coast
Rubgy League legend Cameron Smith played his final game for the Melbourne Storm this year, but it appears he had made the mental move up the coast as early as May. …
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Eagle Software brings QR Codes to contactless inspections
Eagle Software have harnessed the power of QR Codes to assist agents in performing contactless inspections. …
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PICA secures landmark green solar deal for its strata buildings
PICA Group has announced a new green solar energy deal, which will see 64 of its strata buildings save an estimated $681,000 annually, while reducing carbon emissions. …
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Claudio Encina announces ‘Deep Live Intensive’ with a 2020 twist
December 1 is the first day of summer, and what better way to celebrate the start of the season than with a cold plunge into icy water? …
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HTW: Was the pandemic a ‘booster shot’ for industrial real estate?
It made sense at the beginning of the pandemic to expect a decline in all commercial property markets. …
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Exclusive: REA Group freezes prices, introduces data-based AREAs
REA Group CEO Owen Wilson and Chief Sales Officer Kul Singh spoke exclusively to Elite Agent this week about navigating the highs and lows of 2020, and their next steps in supporting the industry after what has been a challenging year. Reflecting on 2020, Owen Wilson says when the pandemic hit, REA Group understood they needed to move quickly. Once they’d secured the health and safety of their own staff, …
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Australians are building the biggest houses in the world
Australia is again building the biggest houses in the world, pushing ahead of the United States, according to the latest CommSec Home Size Report. The average new house built in Australia in 2019/20 was 235.8 square metres, up 2.9 per cent on the year and the biggest increase in 11 years. Conversely, American houses are shrinking, with sizes falling for the fourth year, …
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Celebrity homes: The most and least popular
REVEALED: The Celebrity Homes We Love (And Hate) Most! Kim Kardashian West’s house tour is the most viewed, with over 52 million views and counting!Also among the most viewed celebrity homes include Wiz Khalifa, Zedd and Kendall Jenner Lena Dunham’s L.A. home is least favoured as it has the worst like… …
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Kristen Stewart puts her Malibu retreat on the market
The house was designed by world-famous architect Lorcan O'Herlihy. …
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Dwelling approvals and construction loan commitments surge
The number of dwellings approved rose 15.4 per cent, according to ABS data released today. …
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Property developers and investors make AFR Rich List
Three moguls who have made their fortune in the property game appear in the top ten of the annual AFR Rich List, which was published in full today. …
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Pierce Brosnan lists Malibu beach house for $142m
Walls of glass, temperature-controlled wine storage unit, and mindblowing oceanic views: it's the perfect beach pad for 007. …
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CoreLogic partners with innovation program RealTechX
CoreLogic has today announced its backing of emerging technology businesses in real estate through Taronga Ventures' RealTechX program. CoreLogic Executive and Head of Product, Tim Jenner, says the partnership hits a sweet spot for the business at just the right time. Mr Jenner said "The world's moving fast from a… …
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Over a quarter of Aussies say now is the time to buy property
New research commissioned by ING has found Australians have no real qualms about investing during this recession, with 44 per cent of those surveyed feeling property is the strongest investment option, and 26 per cent feeling now is the best time to make such an investment. …
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Mirvac sees 40 per cent rise in residential land sales
Over the September quarter, developer Mirvac saw a 40 per cent lift in housing lot sales, selling over 660 lots across the country, with the majority located in newly-developed housing estates. …
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Most Aussies are made responsible for their own workplace COVID cleaning
New research has found that 59 per cent of Australians have had their bosses task them with cleaning their workplaces amid the COVID-19 pandemic. …
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Rob Lowe sells stunning Montecito mansion for $63.4m
To quote his character from Parks and Recreation, Rob Lowe is, literally, on top of the world right now. After two years on the market Rob and wife Sheryl Lowe have managed to sell their Rob and Sheryl Lowe have shown that patience is not only a virtue, but often… …
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Commercial real estate sales down 58 per cent in 2020
Commercial real estate sales plummeted during the first nine months of 2020. …
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ACM and realestateview.com.au launch JV
Australian Community Media has teamed up with realestateview.com.au to form a new join venture, in which they will collectively invest over $100 million over the next five years. …
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ScoMo and the PCA want you to get back to the office
Property Council of Australia Chief Executive Ken Morrison has welcomed the Prime Minister's call for public servants to return to their offices, and for other businesses and workers to follow suit. …
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Buyers keen but sellers hesitant in an uncertain market
With COVID-19 restrictions continuing to ease just in time for the spring selling season, the property market is expecting a surge of buyer demand. …
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RBA expected to cut cash rate to 0.1 per cent
It seems a fait accompli that the Reserve Bank will be slashing the cash rate by 0.15 per cent, but experts are divided on when it will happen. …
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Universities will need to sell $25b real estate portfolio
The Australian university sector is in dire straits, with Universities Australia predicting losses of $16 billion across our tertiary institutions over the next three years, as the usual influx of international students is stalled. …
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Banks plan to hike interest rates for COVID-impacted customers
Three of the country’s largest banks have conceded that they will increase interest rates for those financially distressed customers planning to make interest-only repayments after the mortgage holiday period ends. NAB, Commonwealth and Westpac have admitted that rates will be higher for those customers only paying interest on their home loans, as opposed to those who pay principal plus interest. Sally Tindall, …
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Game of Thrones star Emilia Clarke lists LA beach house
Game of Thrones star Emilia Clarke is hoping to net somewhere in the region of $6.8 million (AUD) for her Venice beach house, which was recently put on the market. In terms of Californian pads owned by movie stars, this one is rather modest, sporting only two bedrooms and three bathrooms – a “single family home” according to the listing. “The stunning living room boasts 15-ft ceilings, …
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Amazon launch new Alexa tool for property managers
Amazon has launched Alexa for Residential in response to a survey that found the majority of renters want smart home amenities. According to US National Apartment Association, 84 per cent of renters want an apartment with smart home amenities; 61 per cent said they would pay a monthly fee for a voice assistant. The new tool allows property managers and landlords to deploy and manager Alexa-enabled devices, …
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