Industry News
454960
-
A milestone for The Agency
The 2019/20 financial year has been described as ‘a milestone’ for The Agency, with the group delivering its first ever full year Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) profit and cashflow, strong year-on-year revenue growth, and growth across key metrics. Key figures: Revenue - $41.86 million (up 48… …
Read More » -
rent.com.au reports financial year improvement
Rent.com.au has posted their results for the 2019/20 financial year, notching up a significant improvement on the year prior but still posting a net operating loss after tax of $1.665 million. Key figures: Net operating loss after tax - $1,665,215Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) - $1,133,541EBITDA improvement… …
Read More » -
Scott Morrison names six priority areas in $1.5 billion plan to boost manufacturing
The federal government is selecting six priority areas for support in a $1.5 billion manufacturing plan Scott Morrison will outline in a pre-budget address. They are resources technology and critical minerals processing, food and beverage, medical products, recycling and clean energy, defence, and space. The plan will also focus on… …
Read More » -
Melbourne and Sydney drag down an otherwise strong September
September saw an impressive turnaround for housing sentiment across six of the eight capital cities, with an increase in home values, a rise in new listings, and consumer confidence back where it should be. …
Read More » -
JobMaker Digital Business Plan simplifies paperless transactions
The announcement this week of the Federal Government's JobMaker Digital Business Plan has been welcomed by REIA President Adrian Kelly, who believes the small amendments, including the formalisation of electronic documents in real estate transactions, will lead to a simplification of the industry. “The amendments required, whilst simple, will improve… …
Read More » -
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. …
Read More » -
Perth rental listings hit eight-year low
Rental listings in Perth continued to drop in September. …
Read More » -
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. …
Read More » -
Dwelling approvals fell in August
"The decline was driven by private sector dwellings excluding houses, which fell 11.0 per cent." …
Read More » -
NSW Fair Trading issues clarification on mandatory COVID-19 Safety Plans
We have republished their article below, with the clarifications made by Fair Trading in bold. …
Read More » -
Common COVID-19 cleaning mistakes in the workplace
Lisa Macqueen reveals the eight common health and safety mistakes that workplaces are making on their premises …
Read More » -
Mortgage approvals hit pre-COVID levels months ago
New ABS housing finance data shows that mortgage approvals across the country hit pre-pandemic levels in July. …
Read More » -
Queensland’s property market defies pandemic predictions
Queensland’s real estate market has overcome predictions of property price falls as a result of the COVID-19 pandemic. …
Read More » -
@realty agents to receive commissions within 24 hours
Agents won't have to wait for settlement to receive commission, under a new initiative designed to improve cash flow. Under the new @realty Boost program, agents affiliated with the @realty network will be able to claim commission when a contract goes unconditional, with the company promising a 24-hour turn around… …
Read More » -
The Block’s winning bedroom borrowed from Byron designer
Block contestants Luke and Jasmin were thrilled after scoring a perfect 30 for their jungle-themed children's bedroom on Sunday's episode of The Block, but it soon became apparent they'd leant a little too heavily on a popular Byron Bay AirBnB for inspiration. …
Read More » -
The unassuming house with a skatepark inside
From the road, you'd never imagine that the unassuming house above contains an entire skatepark that draws professional skaters from around the world. …
Read More » -
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. …
Read More » -
Houses v units: the risk gap for investors widens further
The difference between buying a house and buying a unit rental property has never been more pronounced, according to RiskWise Property Research. …
Read More » -
Sydney mansion breaks national auction record, selling for $24.6m
Sydney enjoyed an impressive weekend of auctions, with the clearance rate hovering just under 75 per cent, and a new nationally residential auction record. …
Read More » -
Auction clearance rate holds above 70 per cent
The preliminary clearance rate continues to defy expectations, holding above 70 per cent for the second week in a row. Hot on the heels of the highest preliminary clearance rate since the beginning of the pandemic last week, this week 70.5 per cent of the auctions so far reported appear… …
Read More » -
Private inspections back on in Victoria
The Real Estate Institute of Victoria has welcomed the announcement today by the Premier of Victoria, Hon. Daniel Andrews, MP that private inspections for purchase or leasing of properties, can recommence from 11:59 pm Sunday 27 September 2020. “This is great news for Victorians and should be seen as a… …
Read More » -
QANTAS may soon be your new landlord
Qantas is subletting roughly 25,000 square metres of office space in Sydney, Melbourne and Hobart. …
Read More » -
Simpler home loan rules to fuel Australian economy
Reforms announced by the Morrison Government that will streamline and loosen the progress of applying for home loans is hoped to jumpstart our flagging economy. …
Read More » -
Real estate is an essential service: REIQ
As the Queensland State election looms, REIQ have called on political parties to "not forget the critical contributions of Queensland's real estate sector to the local economy." …
Read More » -
REINSW blasts NSW Government: “We expected better”
The Real Estate Institute of New South Wales (REINSW) has blasted the NSW Government's decision to extend its rental moratorium. …
Read More » -
Should landlords be incentivised to make rentals energy efficient?
The Australian Housing and Urban Research Institute have released a 75-page report that proposes tax breaks and financial assistance for landlords willing to improve the energy efficiency of their rental properties. …
Read More » -
Planning reform will add $5.7b to economy: PCA
The Property Council of Australia are urging the various state and territory Governments to implement at least one of the 'quick win' reforms in their new Planning to Prosper report. …
Read More » -
Australia should aim for zero-carbon buildings by 2030
The Australian Institute of Architects has welcomed the Government's recently-announced $1.9b investment into lowering emissions, but urges the acceleration of the transition to a carbon neutral economy. …
Read More » -
House prices set for a 15 per cent surge: Westpac
The economists have mapped out a four-stage housing cycle that they believe will lead to this surge. …
Read More » -
Greens SA introduce ‘Renting with Pets’ Bill
The Greens Party have today introduced a “Renting with Pets” Bill into South Australian Parliament. Currently the default position of most residential tenancy agreements in South Australia is that pets are not allowed. This Bill reverses this so that pets are automatically allowed, except in certain circumstances. “If a tenant applies to keep a pet and the landlord doesn’t consent, the landlord can apply to SACAT (South Australian Civil and Administrative Tribunal) and SACAT will determine whether the pet can stay, …
Read More » -
Queensland’s border may open to Sydneysiders in under a fortnight
More hopeful border news, following on from the pending reopening of South Australia to all NSW residents, and the softening of Queensland's restrictions to allow 41 postcodes near the border to cross freely. The Queensland… …
Read More » -
Dexus CEO warns of “far more painful” recession if work-from-home continues
"People will sit there and say it's the death of the office, but I don't think that's the case" …
Read More » -
OpenLot portal has thrived through pandemic
After launching earlier this year, digital property platform OpenLot has gone from strength to strength, with the pandemic playing to the portal's strengths. …
Read More » -
Survey: Rent is easier to pay, but renters see a grim future
Renters are finding it easier to make their rental payments than at the start of the COVID-19 crisis, but feel less positive. …
Read More » -
HIA welcomes relaxed Qld border restrictions
Thousands of builders and tradies working either side of the NSW/QLD border will breathe a sigh of relief today. …
Read More »
