INDUSTRY NEWS
-
Former Avnu exec takes new road with Domain
Domain has ushered a in a new era, with the appointment of Jason Chuck as the Group’s new Chief Customer Officer. Chuck previously held positions as the Head of Marketing at Google and CEO of LJ Hooker Avnu, a role he told Mumbrella he found hard to leave behind. “I decided to take up this new role at Domain, as…
Read More » -
Household lending rises in February: ABS
New figures released by the latest Australian Bureau of Statistics (ABS) have revealed the value of new lending commitments to households rose 2.6 per cent in February 2019. The February rise followed on from a fall of 2.3 in January. According to ABS Chief Economist, Bruce Hockman, despite the activity, the longer term story is largely unchanged with new lending…
Read More » -
Rent yields across Australia rise over the first quarter of 2019: CoreLogic
The first CoreLogic Quarterly Rental Review for 2019 has been released, with results showing a national increase in yields over the past three and 12 months. According to CoreLogic Research Analyst Cameron Kusher, gross rental yields for the first quarter are at 4.10 per cent compared to 3.95 per cent in the previous quarter and 3.77 per cent a year…
Read More » -
Current rental yields around New Zealand are looking up
CoreLogic have released their figures concerning growth in New Zealand’s rental market, revealing that rental growth is now outpacing property values. Interestingly, the results show the highest rental yields can now be found outside the main centres while the 10 lowest yielding suburbs are all located in Auckland. CoreLogic’s Senior Property Economist, Kelvin Davidson, noted that after a long period…
Read More » -
realestate.com.au has launched ‘How to Home Loan’ – a video campaign
realestate.com.au has launched a new video series to help first-home buyers navigate the challenges of securing finance and buying a home. The tongue-in-cheek series, called How to Home Loan, stars Jess Harris and explores the everyday frustrations that come with the home-buying journey. From daunting bank meetings to maintaining the avocado lifestyle while trying to save, the five-part educational series…
Read More » -
Three important takeaways from Momentum 2019
The Momentum 2019 series, presented by realestate.com.au, has wrapped up for another year and attendees were treated to some stellar advice that’s sure to amplify productivity throughout the rest of the year. Hitting all the major capitals and taking a quick detour to Wagga Wagga, this year’s event headliners brought out the big guns for their presentations. Motivational speaker Yossi…
Read More » -
Study reveals economic and health benefits of denser suburbs
New research has shown that denser and more walk-able suburban developments keep chronic diseases at bay and deliver lifetime economic and health gains of $4,500 for every resident. The paper, published by RMIT University urban researchers in the International Journal of Behavioural Nutrition and Physical Activity, shows there is economic and health benefit to designing new suburbs with health objectives…
Read More » -
United Nations reviews ambitious plan for sustainable floating cities
The United nations this week was presented with a new frontier for human settlements, along with the possibility of living sustainably and in harmony with life below water. Bjark Ingels Group (BIG) presented Oceanix City at the first United Nation’s high-level Roundtable on Sustainable Floating Cities. Co-convened with OCEANIX, the MIT Center for Ocean Engineering and the Explorers Club, BIG’s…
Read More » -
April 2019: RBA rates remain unchanged – industry reacts
Yesterday (2 April 2019), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 28th consecutive meeting. Many commentators expected this to be the case as the cash rate has now remained unchanged for 32 months. Here’s a quick rundown of what happened. With respect to the housing market: The adjustment in established housing…
Read More » -
Victorian Government partners with Women’s Property Initiative to support the homeless
The Melbourne suburb of Ashwood has welcomed the opening of Brian O’Donnell House, which will provide long-term, affordable accommodation for vulnerable Victorians fleeing family violence. The new homeless accommodation was opened by the Victorian Minister for Housing, Richard Wynne, and is an initiative of the Victorian Homeless Fund. It is supported by the Housing Industry Association as well as generous…
Read More » -
Budget 2019 focused on a strong economy
Prime Minister Scott Morrison and Federal Treasurer Josh Frydenberg handed down the Federal Budget last night. With a Federal Election on the horizon, the centrepiece of the budget was a cash rebate pitch to middle income earners and no changes to taxation legislation this side of an election. It’s the second year in the row there was no mention of…
Read More » -
Regional development manager takes top female leadership award
The winner of the 2019 Urban Development Institute of Australia (UDIA) and Frasers Property National Women in Leadership Award for Excellence has been announced, with Lendlease Regional Development Manager – Communities, Tamara Rasmussen, taking the top accolade. Ms Rasmussen has worked in property and development for two decades, including 15 years with Lendlease, and says she is thrilled to have…
Read More » -
Housing downturn loses some steam: CoreLogic
CoreLogic’s latest home value index results show the pace of declining property values in March eased relative to the past four months. Head of Research at CoreLogic, Tim Lawless, confirmed that the 0.6 per cent drop in March was the smallest of the month-on-month declines since values fell by 0.5 per cent in October last year. However, Mr Lawless noted…
Read More » -
REIA responds to Opposition’s start date for negative gearing and capital gains tax changes
The REIA has reiterated its strong opposition to the Labor Party’s negative gearing and capital gains tax policy, following the announcement that 1 January 2020 would be the start date for their negative gearing and capital gains tax increases if they were to win the federal election. “The REIA has always been concerned with the impact the policy would have…
Read More » -
Hello Alfred, can you find me a cleaner?
Everyday we hear about a new platform which is leading the charge in making property management easier. Earlier this week, Hello Alfred announced an in-app assistant program which sets up building managers to a range of services for easier up keep. The Hello Alfred app provides apartment residents with on-request services from cleaning, grocery delivery, prescription refills and tech support,…
Read More » -
Less than a week to go to submit your game changing idea: Real Ideas Prize
There is only less than a week to go before the entries for the Real Ideas Prize, hosted by realestate.com.au, closes. The Real Ideas Prize is a unique ‘shark tank’ style competition for anyone in the real estate industry to pitch an idea- no matter no big or small- to go in the running to win a share of $100,000…
Read More » -
National Australia Bank removes home loan spotters’ fees
The National Australia Bank has announced they will be terminating their ‘Introducer’ payments program, which some finance commentators have dubbed spotters’ fees, effective 1 October 2019. According to the bank’s Chief Executive Officer, Philip Chronican, it is a priority for NAB to keep improving and changing to be a better bank. “Through the Royal Commission we heard clearly that our…
Read More » -
What US$1 million buys you around the world: Knight Frank
The Wealth Report 2019, released this week by Knight Frank, reveals how much US$1 million can buy in prime cities around the world. The aim of the report is to approximate values for luxury properties globally, the study compares how many square metres of luxury internal floor space can be purchased with US$1 million as at 31 December 2018. Monaco…
Read More » -
REIWA launches ‘What about WA?’ campaign
In the lead up to the federal election, REIWA has launched its ‘What about WA?’ campaign, which aims to ensure Western Australia is not overlooked when election commitments concerning the real estate industry are made. According to REIWA President Damian Collins, the government has had a track record of applying blanket national policy settings, targeted at the east coast, without…
Read More » -
Century 21 welcomes Warren McCarthy as their new CEO
Century 21 Australasia has announced the appointment of Warren McCarthy as their new CEO. Mr McCarthy, an industry veteran of 35 years has held senior roles with LJ Hooker (as CEO) where he was instrumental in growing the network across Australia as well as into India and South East Asia. More recently he was a member of the McGrath Group…
Read More » -
First National announces WA General Excellence and Marketing Award winners
First National Real Estate’s Western Australian agents were presented with their General Excellence and Marketing Awards at Crown Perth on 23 March 2019. The awards recognised the best of First National’s WA agents throughout 2018, with the top 10 individuals and offices now vying for a national GEM Award, which includes an expenses paid trip for top 10 national award…
Read More » -
Traineeships for PMs to provide employer benefits through subsidies
The Property Management Academy of Australia (TPMAA) have announced that some of their graduates who are in some cases eligible for wage subsidies. TPMAA Director Jody Marsden said two students from this month’s graduating class had obtained financial support which would be directly payable to their new employer. “When I launched TPMAA, my goal was to train students to become competent property…
Read More » -
Archer Strata Professionals appoints new CEO to manage growth strategy
One of Queensland’s strata management companies, Archers the Strata Professionals, has appointed a Chief Executive Officer to guide the company through a strata industry growth phase generated by the surge in residential apartment buildings. Archers, which has been at the forefront of the strata management sector in Queensland since it was founded in 1981, has ventured outside the strata industry…
Read More » -
Nation’s capital dominates the REIA awards for 2019
The Real Estate Institute of Australia (REIA) announced the winners of the 14th National Awards for Excellence last night at a gala dinner held at Crown Perth on 21st March 2019. REIA President Adrian Kelly said the awards acknowledge and recognise the best of the best in Australian real estate. “More than 250 real estate professionals from across Australia converged…
Read More » -
Negative Gearing reform will increase rents and decrease values: SQM
If Labor’s negative gearing policy is legislated in its current form, expect a rise in rental yields which will occur through a combination of falling house values and, eventually, a rise in rents. That’s the headline from an update to an SQM Research (SQM) research paper released in November 2018, modelling the proposed Labor Party changes to negative gearing that…
Read More » -
Canberra takes the mantle as Australia’s most liveable city
Melbourne has for many years been regarded as Australia’s most liveable city. However, new data from realestate.com.au and Ipsos reveals that, when it comes to how residents actually feel about where they live, Canberra comes out on top. The realestate.com.au Life in Australia report, powered by Ipsos, is the nation’s largest annual ongoing study of community values and liveability. The…
Read More » -
Independent Property Group to hold a free seminar for first-home buyers wanting to break into the Canberra market
Independent Property Group has announced the launch of a free seminar, sponsored by Westpac Bank, for first-home buyers looking to break into the housing market in Canberra. The event will feature Will Honey, Principal at Independent Property Group Tuggeranong, Aimee Bergan and Nicole Kerli from Westpac Bank, as keynote speakers on the evening. The expert panel will cover everything concerning finance…
Read More » -
InfoTrack launches product to safeguard trust account details from cyber criminials
Tech company InfoTrack has launched a product called Securexchange to protect real estate agents, conveyancers and buyers from the threat of large financial loss during property exchanges. InfoTrack General Manager Lee Baillie says that the system has been specifically designed to prevent the intercepting of insecure emails which may include settlement bank account details. Instead of getting the correct account…
Read More » -
City of Sydney announces free strata workshops covering need to know basics
A new incentive to help owners understand the nooks and crannies of strata is set to roll out in early April as the City of Sydney announces a series of free workshops in English and Chinese. These two-hour sessions will help both strata-dwelling owners and renters tackle issues including pets, levies and noisy neighbours. The City of Sydney’s strata skills…
Read More » -
RE/MAX Precision’s Scott Mackey recognised as one of regional Queensland’s most influential people
The Power 50 is a list of ‘movers, shakers and shapers’ put together by News Mail in association with Central Queensland University. More than 100 names were put forward for consideration in the selection of the region’s most influential, which were then reduced to a top 50. Scott Mackey rounded off the list last year at #50 and this year…
Read More » -
World first cryptocurrency auction to take place on the North Coast of NSW
History is set to be made next month on Monday April 8 2019, when James Pratt becomes the first auctioneer to conduct a live cryptocurrency real estate auction. A first also for Australia to be the country to facilitate this. Mr Pratt was asked to collaborate with international heavyweight blockchain corporation NuYen, and cryptocurrency giants Binance to offer interested bidders the…
Read More » -
Sunshine Coast agents dominate the REIQ Awards
THE Sunshine Coast staked its claim to be home to the best agents in Queensland, scooping five of the 19 awards at last night’s REIQ Awards for Excellence gala, as more than 500 real estate professionals gathered at the RNA Showgrounds. Jodie Hedley-Ward from McGrath Caloundra claimed the Best Salesperson of the Year award, while the agency also took home…
Read More » -
Colliers International and Ad Group have partnered to launch a First Home Buyers guide
Melbourne-founded property technology business, AD Group have partnered with Colliers International to promote their First Home Buyers Guide to buying off-the-plan in NSW, a manual for first-home buyers to assist them in entering the NSW property market. ‘We are really proud to have developed Colliers International First Home Buyers Guide,” said Dennis Vertzayias, National Director, Head of NSW Residential Project…
Read More » -
The Green Building Council of Australia (GBCA) have appointed Davina Rooney as the new CEO
Officially commencing the appointment on 11 June 2019, the former General Manager of Sustainability and Corporate Procurement will take the reins as Corporate Executive Officer at the Green Building Council of Australia (GBCA). “Davina’s inspirational leadership capacity together with her deep technical knowledge would enhance the organisation’s industry perspective as it furthered its goals to make communities more productive, liveable…
Read More » -
Crown Sydney on a steady course for completion in early 2021
Crown Resorts Limited’s (ASX: CWN) latest development of Crown Sydney, One Barangaroo, which will house Australia’s first branded residences, Crown Residences at One Barangaroo, is on a steady course to meet its completion in the first half of 2021. The construction team has reached three critical building stages; completion of the podium structure which is capped off by two roof top…
Read More »