INDUSTRY NEWS
-
Post election stability reported around the country
Has the coalition victory created an increase in consumer confidence as it relates to the property market? Many groups are saying that stability is a good thing with signs already of greater optimism, clarity and certainty. Dexar Group Dexar Group Chief Experience Officer John Minns has welcomed the end of the election campaign and stability for the housing market in…
Read More » -
Victoria’s best auctioneers battle it out
Some of the best auctioneers from around Victoria will battle it today for their chance to compete in the Australasian Auctioneering Championships in October. The Senior Auctioneer of the Year Competition, organised by the Real Estate Institute of Victoria (REIV), is a two-day event, testing auctioneers on their knowledge of best practice and legislation. It also tests their performance in…
Read More » -
The future of rent – Real Ideas Prize finalists revealed, it’s time to cast your vote!
The competition to discover inspiring ideas that move the rental experience forward has now entered its final phase, with the public invited to have their say on who should win the Real Ideas Prize. Five entries were chosen to make the shortlist for the award after an overwhelming amount of entries were received nationwide. These finalists were recently given the…
Read More » -
REIV launches ‘Choose a Member’ to promote reliable agents
The Real Estate Institute of Victoria (REIV) has launched its ‘Choose a Member’ campaign to raise awareness of a new agent search tool. REIV President Robyn Waters said it has never been more important for property owners to thoroughly research potential candidates when selecting the right person to sell, lease or manage their property. ‘Choose a Member’ searches can be…
Read More » -
Catalano backs proptech advertising platform startup
Former Domain Chief Executive Officer, Antony Catalano, has announced his involvement in The Today Business, a media and proptech company designed to enable clients to make better property marketing decisions. Mr Catalano, who recently purchased Nine’s regional newspapers has taken on the role of Chairman of the new company and told Fairfax that the platform had cost about $1 million…
Read More » -
Belle Property launches Facebook-hosted coaching program for junior agents
Belle Property has launched a Facebook-hosted training and coaching program to help new agents bridge the gap between registration and commencing their career. Developed by Belle Property’s Academy Advantage training department, ‘Fast-Track’ is geared towards agents with less than 12 months experience and covers prospecting, building a database, and maintaining database health. “One of the major weaknesses of the real…
Read More » -
Gavin Rubinstein to open Ray White office in Woollahra
Gavin Rubinstein, a number one salesperson in the Ray White Group for the past six years, is set to open a Ray White office on Queen Street, Woollahra as of 1 June, 2019. The location is in one of the most prestigious pockets in Sydney’s eastern suburbs. Mr Rubinstein has been part of the leading Ray White Double Bay office…
Read More » -
Queensland Government’s 46-storey new home wins state’s top property honour
A skyscraper that has reshaped the Brisbane skyline has taken out the Property Council of Australia’s Rider Levett Bucknall Queensland Development of the Year award. 1 William Street is the 46-storey office now home to the Queensland Government and public service. Building owners Cbus Property and ISPT were praised for taking an innovative approach to development that has delivered a…
Read More » -
Pontoon Property to offer dedicated creative solution for property marketing
Creative branding agency Pontoon 8 has revealed a fresh focus on property marketing with the launch of a new business venture entitled Pontoon Property. The move sees Pontoon 8 Managing Director Saxon Lyne joining forces with experienced property marketer Shane Stewart to focus their creative talents on the property marketing space. Based in Manly on Sydney’s Northern Beaches, Pontoon Property…
Read More » -
Entries for the Annual REA Excellence Awards (AREAs) are now open
Submissions are now open for the Annual REA Excellence Awards (AREAs), which celebrates excellence in the property and media industries. The AREAs honour the most innovative, community-minded and highest-achieving individuals and businesses across property and media. There are 21 awards in total across the three categories of Innovation, Service & Marketing Excellence and Community. The categories are designed to encompass…
Read More » -
Property disruptor Soho launches ‘News Feed’ feature
Property disruptor Soho has launched a ‘News Feed’ feature for its app in an attempt to help buyers and sellers find their dream home. Similar to existing social networking platforms, users will be able to track trending topics through hashtags, connect to industry experts, and watch videos from industry figures. Since the platform launched in 2017 it has garnered over…
Read More » -
Northern Territory triumphs in Transform/19
‘Transform’ is Elite Agent’s premier education program – a 30-day opportunity for real estate professionals to improve their careers and be coached by the best in the business. More than 100 agents with various levels of experience participated in the 2019 challenge, from novice auctioneers to experienced agents and agency leaders. Challengers are awarded points along the way for completing…
Read More » -
Liberal Party announces leg up for First Home Buyers
First home buyers are set for a significant leg up with a new initiative from the Morrison Government to slash the size of a home loan deposit, announced last night. Recognising that it can take nine to 10 years for an average household to save a deposit the Liberal plan is to help Australians realise the goal of buying their…
Read More » -
REIA calls Federal Election campaign a success
The Real Estate Institute of Australia (REIA) has called its public awareness campaign against property taxation a success. According to REIA President Adrian Kelly, the aim of the campaign was to ensure that all political parties, candidates and voters know the consequences of the Opposition’s policy on negative gearing and capital gains tax in advance of the May 18 election.…
Read More » -
May 2019: RBA rates remain at 1.50 per cent – industry reacts
Yesterday (7 May 2019), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 30th consecutive meeting. Here’s a quick rundown of what happened. With respect to the housing market: The adjustment in established housing markets is continuing after the earlier large run-up in prices in some cities. Conditions remain soft and rent inflation…
Read More » -
Allhomes appoints Danielle Harmer to the role of GM
Canberra property website Allhomes has announced the appointment of Danielle Harmer as its new General Manager. Ms Harmer joined the company in 2016 as Head of Product and will now be charged with leading the Allhomes team and continuing to drive the business forward. Ms Harmer has previously held roles with IBM, The New York Times and Fairfax, and said…
Read More » -
Downsizer’s dream wins Victoria’s top property honour
Piccolo Developments have taken out the Property Council of Australia’s Rider Levett Bucknall Victorian Development of the Year award for Elwood House. Elwood House is a low-lying brick building featuring 30 apartments and three retail tenancies. “Elwood House emphasises quality of life with a stunning design in harmony with the local community,” Property Council’s Victorian Executive Director Cressida Wall said.…
Read More » -
Peter Clements named Residential Sales Person of the Year again
Mint Real Estate Claremont Director Peter Clements has become the first agent to be named Residential Salesperson of the Year two years in a row, at the 2019 REIA National Awards for Excellence. Mr Clements said he was thrilled to receive the accolade again, despite working in the tough Perth market. “The real estate industry can be ruthless and if…
Read More » -
The worst could now be behind us: CoreLogic
CoreLogic has released the home value index results for April 2019, confirming that the decline in home values has lost some momentum over recent months. Dwelling values across Australia continued their downward trajectory in April, falling by half a per cent over the month to be down -7.2 per cent over the past twelve months, and -7.9 per cent lower…
Read More » -
Catalano acquires regional mastheads from Nine
Nine Entertainment has announced the sale of its Australian Community Media (ACM) assets to former Domain CEO, Antony Catalano and Alex Waislitz of Thorney Investment Group. Mr Catalano and Mr Waislitz acquired 170 regional and country mastheads including The Canberra Times, The Border Mail, The Courier Mail, The Land and Queensland Country Life. The cash proceeds of the sale are…
Read More » -
REIWA continues to push for Perth City Deal
REIWA is calling on all parties contesting the federal election to commit to prioritising a City Deal for Perth, if elected. REIWA President Damian Collins said since the Federal and Western Australian Governments signed a Memorandum of Understanding (MOU) to negotiate a City Deal for Perth back in April 2018, there has been no action. “We’ve been waiting for Perth’s…
Read More » -
Game Day: realestate.com.au launches new sponsorship campaign
realestate.com.au has launched a new sponsorship campaign to support its wider AFL partnership. The Other Saturday Game was produced by sports and entertainment agency Octagon and highlights the role that sport and property plays as two of Australia’s great obsessions. The campaign features former Sydney Swans and Melbourne Demons coach Paul Roos, AFLW star and Channel Seven commentator Daisy Pierce and West…
Read More » -
App developer turning house pictures into 3D models raises US$87 million dollars
San Francisco app developer Hover announce they have now successfully raised US$87 million to turn photos of houses into 3D models. The capital raised will go towards growing the company’s team and continue to develop the cloud-based platform, which takes smartphone photos of houses and creates a fully measured, customisable 3D model that clients can use to make estimations of…
Read More » -
WeWork and REA Group join forces to help more people work, their way
REA Group has announced a partnership with global shared workspace company, WeWork, to bring flexible, collaborative workspaces to Australians. The relationship will see WeWork’s Australian listings advertised across REA Group owned and operated commercial property sites, Spacely and realcommercial.com.au. Spacely will showcase all of WeWork’s 16 open Australian locations, including 120 Spencer St, Melbourne, and 50 Miller St North, Sydney.…
Read More » -
Juwai.com partners with Archistar to launch Property Feng Shui Reports
Juwai.com has launched a new service in partnership with Archistar offering Chinese real estate buyers the option of analysing the floor-plans of potential acquisitions for Feng Shui. Archistar is an Australian Proptech startup, responsible for creating and operating a Feng Shui analysis feature that assesses floor-plans and provides insights and design recommendations. To celebrate the launch, Archistar conducted a Feng Shui…
Read More » -
REA Group announces strategic partnership with 58 Group in China
REA Group have announced a strategic partnership between their online platform Myfun and one of China’s leading online real estate listing platforms under 58 Group, Anjuke. The partnership will allow Myfun to further expand its footprint in mainland China, while enabling Anjuke to provide international properties to Chinese users. As part of the partnership, Myfun will syndicate Australian residential properties,…
Read More » -
ATO to double the number of audits for rental deductions
Rental property owners are being urged to make sure their claims are correct, as the Australian Taxation Office (ATO) announces it will double the number of audits scrutinising rental deductions. In the 2017–18 financial year, more than 2.2 million Australians claimed over $47 billion in deductions. Assistant Commissioner Gavin Siebert said this year the ATO have made rental deductions a…
Read More » -
REA Group appoints new CFO
REA Group have welcomed Janelle Hopkins to the team as their new Chief Financial Officer. Ms Hopkins previously held the position of Group Chief Financial Officer at Australia Post and will begin her new role on 3 June. Ms Hopkins will be replacing Owen Wilson who stepped into the role of CEO with REA Group in January. Speaking to The…
Read More » -
Quantity Surveyor data challenges validity of Labor’s negative gearing assumptions
New data released by MCG Quantity Surveyors is claiming the Labor Party relied on incorrect assumptions in formulating its negative gearing policy. According to the data, Labor’s assertions on the percentage of investors buying new homes were grossly understated and call into question the party’s revenue projections. “Shadow treasurer Chris Bowen has suggested new-buy investors comprised anywhere between four and…
Read More » -
New research suggests too many bidders at auction is demotivating
People bid less in auctions that have more bidders, new research suggests. Economists from the University of Sydney and the University of Technology Sydney (UTS) have released the results of a new study suggesting that the more bidders there are in an auction, the less each bidder thinks they have a chance of winning. Published in the latest issue of…
Read More » -
Ray White is warning WA owners and property managers of potential ticking time bombs
Ray White Rural Albany is encouraging property managers and clients to inspect flexible hoses following reports of flooding in homes in Western Australia’s port city of Albany due to issues with flexible hoses. The most urgent cases include flexible hoses under bathroom and kitchen and kitchen sinks. “We’re checking all our properties now during inspections, as well as creating jobs…
Read More » -
Strong demand and low unemployment provide a positive property outlook
The latest property outlook from realestate.com.au indicates that the current market downturn is ‘far from the worst we’ve experienced’. Some uncertainty for buyers and sellers will continue in the lead up to the Federal Election whereby a Liberal win should see stability for the market, but a change in government would continue to see values fall along with above market…
Read More » -
Ray White study shows principals earn more than the benchmark
LEADERSHIP and dogged determination are what the company say underpins a new Ray White achievement. According to a recent study principals earned 76 per cent more than their Australian industry peers in 2018. Ray White reviewed the 2018 financial year results for 269 of its own Australian businesses and then compared it The Australian Benchmark Report (Real Estate Agents 2018),…
Read More » -
REIA launches Federal Election campaign
The Real Estate Institute of Australia (REIA) has launched a campaign to give the property sector a voice during this years Federal Election. In a statement REIA President, Adrian Kelly, said he aims to ensure issues relating to the taxation of property are an integral part of the campaign and all politicians are educated about the consequences of the Labour’s…
Read More » -
Entries now open for REINSW Awards For Excellence
Entries for the annual Awards For Excellence, hosted by the Real Estate Institute of NSW (REINSW), are now open. Now in its 22nd year, the awards recognise top performing real estate professionals and agencies in NSW. The program awards agencies and individuals across 21 categories, judged by a panel picked from members of the REI’s offices in any of the…
Read More »