INDUSTRY NEWS
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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 make a difference in people’s…
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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 industry as it recalibrates to…
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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 regulating the short-term rental accommodation…
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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 clients and consumers and served…
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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 tenancy agreements are transacted across…
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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 we presented 30 awards,” REIACT…
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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 UK, Europe and US, Australia…
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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, Malaysia and Indonesia. One of…
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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 provide an alternative to project…
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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 the home ownership aspirations for…
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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 rental yield of 5 per…
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Top tips for streamlining insurance claims: Sharon Fox-Slater
My client has suffered a loss (property damage or loss of rent). What is the first step I should take? First, ask yourself: is the loss even covered? If you don’t know, that is okay – landlord insurance is complex. If you are unsure, the best thing to do is chat with your insurer about the policy and find out…
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bridge MLS partners with photo editing experts BoxBrownie.com
BoxBrownie.com has announced a partnership with bridgeMLS (Multiple Listing Service) to better assist realtors and agents looking to simplify their marketing and offer high-quality photos. The move is set to benefit and service members of BRIDGE Association of REALTORS, Delta Association of REALTORS, and all other members of bridgeMLS. According to BoxBrownie.com’s Peter Schravemade the move is a natural progression…
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Home lending bounces back in the lead up to spring
New ABS data released this week shows home lending is back with a bang, posting a 5.1 per cent jump month-on-month in new home loans settled in July. Owner-occupiers saw the biggest growth, increasing 5.3 per cent in value in July compared with June figures, in seasonally-adjusted terms, excluding refinancing. Investors have continued their come-back into the housing market, with…
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Samantha McCarthy crowned hockingstuart’s best for the third year in a row
Victorian group hockingstuart celebrated its top performers last week at its annual awards night, with sales agent Samantha McCarthy from hockingstuart Werribee taking out Sales of the Agent of the Year in all three categories. Samantha, who has been with hockingstuart for more than 10 years, took out the coveted Sales Agent of the Year Award for the third year in a…
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First home buyers surge in July
First home buyers are continuing to take advantage of a less competitive environment and more affordable house prices, according to the Housing Industry Association (HIA). HIA economist Angela Lillicrap said yesterday’s ABS Lending to Households and Business Data for July indicated the number of loans to first home buyers was up by 1.3 per cent for the month and 4.0…
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Three Aussie cities make top 10 most liveable in the world
Life in Melbourne is the second best in the world, according to the latest Economist liveability survey. The Global Liveability Index saw the Austrian city of Vienna crowned the world’s best for the second year in a row, narrowly beating Melbourne. The big improver, however, was Sydney, which moved up from fifth to third. The other cities that made up…
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Propertyology names 53 markets with good upside potential
Regional towns are driving buyer confidence and price growth in the property sector, with 53 locations across the country identified as being on the cusp of stronger market conditions, according to new research. Propertyology’s latest report analysed the fundamentals of property markets across Australia’s 500-plus municipalities and considered leading indicators such as the average time to sell a dwelling, the…
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House prices jump across the country
Buyers are coming out in numbers in Australia’s two major cities and it was the driving force behind the first big jump in house prices that we’ve seen in many months. According to the latest data from CoreLogic, Sydney house prices rose by 1.6 per cent, while Melbourne jumped by 1.4 per cent. Across the country, dwelling values increased by…
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The Agency reports strong growth
Industry newcomer The Agency has notched up an impressive year of growth, with financial results indicating annual group revenue increased 86 per cent during the 2018/19 financial year to $31.3 million. It follows on from 75 per cent growth and 70 per cent growth during the prior two years. Across the board, The Agency figures…
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Sydney blue-ribbon areas lead property comeback
The green shoots of a property market recovery are sprouting, according to DiJONES’s latest annual Market Report released this week, which shows prominent Sydney areas leading the way and a trend of Sydneysiders relocating to the Southern Highlands. The report, which draws data from 176 suburbs surrounding its eight offices in Sydney and the Southern Highlands, shows that unit values…
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Rent.com.au improves earnings in tough market conditions
Rental property website rent.com.au has reported improved earnings for the 2018/19 financial year, amid a slowdown in the property market nationwide. The company had a net loss after tax of $2,497,183 for the year ended 30 June 2019. This was up from the previous year by 8.7 per cent, however topline revenue was lower by -6.9 per cent. Established in…
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The new due diligence: climate change on the agenda for home buyers
While due diligence has always been of upmost importance for those looking to purchase a new home, once upon a time that simply referred to things like building and pest inspections, utility access and land boundary checks. These days though, as awareness of climate change and its potential impact increases, home buyers need to think more broadly when it comes…
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Investment expo to offer more than great ideas…
More than 6000 people are set to converge on the Sydney Showgrounds in late October for the 2019 Property Buyer & Investor Expo. Slated for October 26 and 27, this year’s event is expected to reflect renewed market confidence and will feature five categories of exhibitors who provide a well-rounded picture of the investment landscape. With exhibitors from the finance…
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REIWA calls for less talk, more action on stamp duty
The number of annual property sales in Western Australia has dramatically dropped from over 71,000 in 2013 to less than 41,000 in 2018, the lowest the state has seen since 1990 and the numbers are only continuing to fall in 2019. REIWA President Damian Collins said one of the biggest imposts to home ownership is stamp duty, which has significant…
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WA’s top real estate professionals rewarded
Four new property management categories were added to this year’s reiwa.com Awards, ensuring all of Western Australia’s top real estate professionals were rewarded for their work in the industry. Around 700 professionals and guests attended the ’80s-themed 2018-2019 ball at Crown Perth, which honours the state’s best performers across a number of categories. REIWA CEO Neville Pozzi said this year’s…
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The Harcourts Foundation reaches $6 million milestone
The Harcourts Foundation, the charitable arm of Harcourts, has reached the milestone of $6 million raised since its launch in 2008. That translates to 732 charities supported, 356 communities impacted, and over 970 grants made through Harcourts offices in New Zealand, Australia, South Africa, and the USA. Key community issues such as homelessness, domestic violence, hospice care, education, healthcare, and early childhood education, amongst…
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Weekly auction wrap: Clearance rate set for a two-year high
It was another strong weekend for auctions, with the nationwide preliminary rate sitting at a very strong 76.6 per cent. If the final clearance rate finished above 70 per cent, it will be the first time since May 2017 and a really strong sign for property prices headed into the spring selling season. Sydney led the playing field with 81.7…
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Going paperless could save you $5K this year
Millions of workers around the world are often overwhelmed by the amount of paper they have to deal with on a daily basis. Real estate professionals in particular can at times be overloaded with more documents than they know what to do with. Moving away from paper in the office not only has the potential to save your office more…
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Young Australians want home of their own, but work and study come first
While early adulthood is traditionally the period when young adults begin to live independently, new AHURI research reveals many young Australians are putting their longer term housing aspirations on hold to meet other life goals such as completing education or gaining secure employment. In 2015-16, only 17 per cent of young adults aged 18-24 years lived independently, with most (66…
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Sentinel appoints National Portfolio Manager
Highly-experienced commercial real estate and finance professional, Christine O’Hara, has joined Sentinel Portfolio Management as its National Portfolio Manager. Ms O’Hara will oversee the property management of a portfolio of more than 50 retail, industrial, office, land, tourism infrastructure and agribusiness assets with a total value in excess of $1.2 billion. Sentinel’s Director of Property Paul McDonnell said Ms O’Hara…
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realestate.com.au launches first-to-market content in app
realestate.com.au today launched content in app, a first-to-market experience allowing users to access property news, data and insights within the realestate.com.au app. The experience is now live on the realestate.com.au iOS app, with Android users receiving the update from next week (Monday 19 August). With over 29 million launches of the app every month, a…
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