Industry News
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Mayfair 101 confirms purchase of Dunk Island
Australian-owned international investment and corporate advisory group Mayfair 101 has confirmed it has purchased Queensland’s iconic Dunk Island. Alongside the purchase of Dunk Island, Mayfair 101 is also under contract to purchase over 200 tourism-related properties in and around Mission Beach as part of plans to revitalise tourism in the area. The combined value of…
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Coronis marched with pride in support of diversity
Coronis put their rainbow gear on to march for the LGBTIQA+ community, celebrating pride in support of family, friends, and team members at the annual Brisbane Pride March and Fair Day on Saturday. Coronis Head of Growth, Craig Gillies, expressed how important it was for the team to support and fundraise for causes that helped…
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2019 REIWA Awards for Excellence winners announced
The Western Australian real estate industry’s best were recognised this evening at the prestigious 2019 REIWA Awards for Excellence, held at Crown Perth. REIWA CEO Neville Pozzi said the Awards were a unique opportunity for the Institute to acknowledge those WA real estate professionals who demonstrate excellence in their chosen careers, which have a positive…
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2019 REINSW Awards for Excellence Winners
Now in its 22nd year, the REINSW has recognised outstanding achievements, crowning the winners of its 2019 REINSW Awards for Excellence held at The Star on Thursday, 19 September 2019. REINSW President Leanne Pilkington says this year, the calibre of finalists was incredibly high. “Last night the success of our industry was on full display,…
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Stable population growth to support building activity
Population growth figures released this week are good news for the residential building industry, according to the Housing Industry Association. The latest ABS data shows Australia’s annualised population growth rate remained at 1.6% during the March 2019 quarter. HIA Economist Angela Lillicrap said the stable population growth is a welcome development for the residential building…
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REINSW calls for short-term rental reform
The Real Estate Institute of NSW has called for more reforms to Australian's billion-dollar short-term rental accommodation industry, saying it has been unregulated for too long and the lack of policy left hosts and guests exposed. After years of operating with little oversight, in 2018 the NSW Government passed legislation to begin the process of…
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Launch of Downsizing.com.au links developers and agents to lucrative over 50’s market
Property developers and agents have a new way to reach the real estate market’s most active and motivated buyers with the launch of Downsizing.com.au, which is Australia’s leading over 50's property portal. Downsizing.com.au was founded as Seniors Housing Online by NSW-based sisters-in-law Catherine and Amanda Graham in 2003. It has built a loyal following among…
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REIQ launches blockchain-based digital tenancy agreements
The Real Estate Institute of Queensland (REIQ) is set to deliver fully digitised residential tenancy agreements using blockchain-based technology. The proptech innovation will see residential tenancy agreements able to be executed as a digital smart contract in Queensland by the end of this year. The groundbreaking system has the potential to transform the way that…
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ACT Real Estate celebrates 25 years of awards for excellence
The ACT real estate sector celebrated its achievements for the past year with a Gala Dinner at the QT Hotel on Saturday night. A crowd of over 320 were present to acknowledge the outstanding performances of the industry’s elite. “In 1995 the Institute held its first Awards for Excellence and presented nine awards, this year…
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What are neo banks and can they compete?
Last week, Australia's neo banking market is significantly heated up with 86 400 officially opening its doors, and neo-rival Xinja receiving its full banking licence from APRA. What are neo banks? Neo banks are digital banks, controlled from your mobile phone typically with a customer service platform within the app. Already at large in the…
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PropertyGuru planning Australian IPO
Southeast Asian online realtor PropertyGuru Group is said to be planning to list on the ASX in the coming months. PropertyGuru operates real estate classifieds sites in Asia as well as a number of other property related businesses. The company is one of Southeast Asia's leading online property groups and operates in Singapore, Vietnam, Thailand,…
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Hills business builds a winner
A Hills District family business has won two awards at this year’s prestigious Master Builders Association (MBA) Awards night and was also a finalist for 2019 Master Builder of the Year. Chateau Architects + Builders, located in Castle Hill, was established nearly 50 years ago by Malcolm McDonald, to build quality custom design homes and…
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First Home Buyer Deposit Scheme moves ahead
The Government’s introduction of the National Housing Finance and Investment Corporation Bill (NHFIC) will provide a platform to establish the First Home Buyer Deposit Scheme announced during this year’s Federal election. The HIA welcomed the move, with Managing Director Graham Wolfe saying the introduction of legislation by the Treasurer, the Hon. Josh Frydenberg, to support…
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Regional areas record strongest rental yields
Australia's regional areas have once again proved they are the best source for strong rental yields, with one Queensland country town recording a rental return of 11.7 per cent, according to the latest report from Corelogic. The Corelogic top rental performers report identifies the top 100 suburbs where houses or units have an estimated gross…
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