INDUSTRY NEWS
-
REINSW top honour to Wayne Stewart
The prestigious Woodrow Weight Award for outstanding service to the real estate profession has been awarded to Managing Director and Office Principal of Century 21 Newcastle, Wayne Stewart. The Woodrow Weight Award is REINSW’s top Award. It is named after the legendary REINSW President, who was the first Australian ever to be elected World President of the International Real Estate…
Read More » -
REIQ offers expertise on Queensland real estate market
The REIQ will be opening its doors and welcoming property buyers and investors to its free Experts Guide to Buying Property seminar at REIQ HQ, Coorparoo, October 22, 2016. The seminar, now in its third year, offers detailed, helpful information for anyone looking to buy or invest in the Queensland property market. Presenters will talk on a range of property…
Read More » -
Domain Rental Report September Quarter 2016
Domain reports that for the last Quarter, the rental market is fairly stable, with little to no fluctuation in rents for most capital cities. A key insight for the September quarter is national vacancy rates. Despite a glut of new developments in both Melbourne and Sydney, the national supply of rental properties is tight, with some markets recording just 0.6…
Read More » -
RateCity quarterly rate review shows major movements in mortgage lending
According to RateCity’s latest Rates of the Nation report, the RBA’s 1.5% August cut has led to significant action within the mortgage and deposit spaces, yet little movement in credit card rates. Home loans: Now more than a year since the emergence of investor pricing and the ‘ideal borrower’ and the rate gap has continued to widen. Home loan rates have…
Read More » -
Surplus signals time for new property incentives, says REINSW
For the first time on record New South Wales is cash positive, therefore it is time to give back to the property market in the form of new first homebuyer incentives, according to the Real Estate Institute of NSW. REINSW President John Cunningham said New Total State Sector Accounts figures show the final surplus for the 2015-16 financial year was…
Read More » -
Cohen Handler launches Cohen Handler Prestige
Cohen Handler, one of Australia’s largest buyers’ agencies, is providing a new service to high-end buyers with the launch of Cohen Handler Prestige. While house price growth across major Australian cities are expected to slow in the latter half of 2016 and early 2017, the prestige market at $3 million and above, has remained strong. Cohen Handler co-founder and Managing…
Read More » -
Your Tenants Can Now Insure Their Rental Bonds
BONDSURE announces the launch of an innovative new financial product that provides renters with an option to pay rental bonds off in instalments while helping them to protect these bonds for the first time through a revolutionary new type of insurance. Tenants can apply online to have rental bonds up to $5,000 paid on their behalf by BONDSURE, to be…
Read More » -
Abakus Apps announced 2016 MyBusiness Awards Finalist
Abakus Apps – a finance-based smartphone application that streamlines the property tax management process – has been announced as a shortlisted finalist in this year’s Optus MyBusiness Awards, for the category Fintech Business of the Year. Founded in 2015 by farmer turned emerging fintech entrepreneur Brenton Tidow, Abakus Apps launched to market less than five months ago, and is growing…
Read More » -
Property Council calls for tax reductions on transacting property in NSW
NSW Treasurer Gladys Berejiklian’s announcement today that NSW is ‘back in the black’ having wiped out state debt for the first time in 20 years with a $4.7 billion surplus in the bank, and the Property Council of Australia are saying there has never been a better time to reduce the tax burden on people developing, selling and buying property…
Read More » -
REIWA Awards for Excellence 2016 Winners Announced
The Real Estate Institute of Western Australia hosted more than 400 real estate professionals at a formal dinner at Crown Perth on Wednesday night to recognise excellence in real estate. REIWA CEO Neville Pozzi said the awards provided the Institute with the opportunity to recognise and celebrate the very best in the industry. “This year, we received a record number…
Read More » -
Roy Morgan Research: Over 300,000 mortgage holders have little to no equity in homes
Overall some 6.8% (311,000) of mortgage holders in Australia have been identified as having little or no real equity in their home. This is based on the fact that the value of their home is only equal to or less than the amount they still owe, placing them at considerable risk if they have to sell or prices decline. This…
Read More » -
realestate.com.au moves into virtual reality
Australian property seekers and daydreamers will soon be able to explore their dream home in virtual reality through realestate VR, realestate.com.au’s virtual reality property app, coming soon to Android mobile devices. realestate VR will allow people to tour through a property from the comfort of their couch via their virtual reality device, offering a new and exciting way to experience…
Read More » -
Starting young: Schools Auction Idol in SA teaches students about the art of auction
Raising the profile of the industry in the community, Schools Auction Idol teaches high school students about real estate via the ‘art of auction’. The Schools Auction Idol program is on the brink of achieving its 10th year of operation, and it is slowly but steadily growing: in September 2015, the Inaugural Australasian Schools Auction Idol Championships was held at…
Read More » -
RBA set to continue rate-holding pattern, say RateCity
To view the full-size infographic, click here. The RateCity.com.au analysis of over 30 key economic indicators suggests rates would remain on hold at 1.5%  for the second consecutive month. Peter Arnold, data insights director at RateCity.com.au, said Australia’s GDP is growing and, domestically, iron ore prices have continued their winning streak. “Australia’s economy grew by 3.3 per cent over the…
Read More » -
Have you got what it takes to be on the REI Super Board?
The superannuation fund for the real estate industry, REI Super, will be holding elections for four positions on its board of trustee directors next year. The call for nominations will be made in June 2017 and the elected directors will take office on 1 October 2017. There are ten directors of REI Super’s Trustee company. Eight are elected by members…
Read More » -
Home Addressed announces 30 Day Home Co-ownership Challenge
The 30 Day Home Co-ownership Challenge, by Home Addressed, is designed to inform and teach first home buyers to take a creative approach to home ownership and to shrug off the ‘generation rent’ tag. Buyers wanting to participate will need to find a suitable co-buddy with whom to team up and buy a property. The co-partners have 30 days to meet on the…
Read More » -
Eastern Seaboard States Drive Population Growth
The latest ABS demographic statistics released show the annual rate of population growth held steady at 1.4 per cent in the first quarter 2016, however the wide divergences between the states and territories remained, said the Housing Industry Association (HIA), the voice of Australia’s residential building industry. The ABS figures confirmed that Australia’s population broke through 24 million during first…
Read More » -
Chinese investors shop online for property with estarhome.com
Chinese organisation, the Fosun Group, has designed an online shopping-style platform that allows middle-class Chinese investors who are seeking a safe haven, outside of China, to purchase an overseas property. The site, Estarhome.com is an online-to-offline service that provides a way for Chinese investors to find Australian properties as investments. Chinese buyers are investing mostly in new apartments and according…
Read More » -
Domain Group continues its expansion into Geelong
Domain Group has continued its rapid push into Geelong with the launch of a new free weekly real estate magazine that will also be inserted into copies of The Age and The Australian Financial Review in Geelong. The new Domain Geelong magazine will have a circulation of 65,000 copies, more than twice the nearest competitor, will be distributed to every…
Read More » -
Domain brings real time chat to the world of property
Potential buyers and renters will now be able to chat directly with real estate agents with the launch of Domain Chat, a new app feature released by Domain that speeds up the search and is supposed to help consumers secure their dream home faster. Chat has been one of the fastest-growing online behaviours on the internet, nearly doubling users over the…
Read More » -
REIV Awards for Excellence Finalists Announced
REIV has announced the finalists for its annual REIV Awards for Excellence. The awards recognise and reward members who have gone the extra mile in pursuit of service, ethics and results. This year’s awards will be presented at the Awards for Excellence Gala Dinner at Crown Towers on Thursday, 27 October. Agency Awards: Best Website Award Think Property & Co. Nelson Alexander Pty…
Read More » -
World First Flat-Packed, Off-Grid Tiny Home Launching at Sydney Architecture Festival
Big World Homes have developed the very first flat-packed, off-grid tiny home – utilising un-activated urban spaces for transitional pop-up communities – offering a revolutionary solution to Sydney’s housing affordability crisis. “We’re excited to be launching one of the most progressive, socially oriented, community driven housing projects that Australia has ever seen, at a time when new options in affordable housing…
Read More » -
Median house price up in Brisbane in a quarter of surprises, REIQ
The property market in the southeast corner of Queensland returned to positive territory this quarter, following last quarter’s contraction, and the Brisbane LGA median house price has grown 1.3 per cent to a new high of $635,000, the highest this has been in history. The data in the REIQ Queensland Market Monitor also revealed some surprises in the June quarter,…
Read More » -
McGrath Central Coast: Redefining Maintenance Efficiency
Leading managing agency McGrath Central Coast, led by Mat Steinwede and Jaimie Woodcock, has combined both cloud technology and creative thinking to achieve exceptional efficiencies, improved customer service, robust KPI reporting and better audit trails of every maintenance task. Previously a portfolio-based office, the move to create a centralised maintenance team for their multiple office locations has been a win…
Read More » -
realestate.com.au invites Canberrans to find their true love in new content series
realestate.com.au has launched its first hyperlocal content series in the ACT, playing up Canberra suburbs in an entertaining series of ‘speed dates’. The videos, which have reached more than 160,000 Canberrans since launching last Monday1, are a targeted play at the local market where Australia’s No 1 real estate site is a challenger brand. Starring local actors as the suburbs…
Read More » -
CoreLogic: Housing Market Update, September 2016
Watch CoreLogic’s Housing Market Update for September. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of August, released September 2016. Presented by Tim Lawless, Research Director at CoreLogic. Transcript Welcome to CoreLogic’s monthly update on housing market conditions around Australia. This month we’re focusing on how the housing market performed in…
Read More » -
CoreLogic: September 2016 Market Outlook
If you’re eager to find out what the various property markets around the country were up to during August, and you want to have a sneak peek at what might be ahead, read on for CoreLogic’s monthly Market Outlook. Average capital city home values are up Over the month of August 2016, combined capital city home values increased by 1.1%…
Read More » -
Add value to new investors by educating them, say BMT
New property investors could benefit greatly from education on legitimate depreciation deductions for investment properties so they don’t miss out on thousands of dollars in tax savings. According to BMT Tax Depreciation, the recent property boom has seen many new investors hit the real estate market. However, these newbies might not be aware they can claim tax deductions on the…
Read More » -
Purplebricks Launches in Australia
The UK’s fastest growing online real estate agency has launched in South East Queensland and Melbourne. Purplebricks has launched in Australia, to offer homeowners a proposition of a cheaper method of sale for their home. The “virtual” service provides the support of a licensed and dedicated ‘Local Property Expert’, a flat rate fee, an accessible and transparent online technology platform…
Read More » -
Going ‘green’ in the home saves cost and improves quality of life, says RMIT study
New research by RMIT on low-carbon housing has found that households could be better off by $1,000 per year by going green. At a time of rising stress over high energy costs, especially among low-income households, the study led by RMIT’s Centre for Urban Research (CUR) reported that low-carbon houses in comparison with ‘standard’ residences in the town of Horsham,…
Read More » -
Improve your profile on realestate.com.au
An improved Real Estate Agency Profiles platform has been released on realestate.com.au to help agents improve their profile and get more clients. The updated profile system allows agents to showcase their areas of expertise alongside their listings, providing greater benefit to vendors and the agents themselves. The changes are expected to help drive a larger number of enquiries and listings. The…
Read More » -
Secrets to success from WA’s home grown real estate heroes
The recent Home Grown Heroes seminar in Perth featured the stories of several successful WA agents – some have overcome hardships and rebuilt their lives and others have quickly carved out successful careers. Here, we look at three of those speakers and reveal their secrets to success. Lara Sadowski, Geraldton Property Group Despite a long string of setbacks in her…
Read More » -
ADL Software in WA delivers new electronic sales contracts
Residential Sales Contracts are now available as part of ADL’s WA Residential Sales Package. Two new contracts available are designed for ease of use and to provide certainty in real estate transactions. The two contracts available are the Contract for the Sale of a Residential House and Land and Contract for the Sale of a Residential Lot in a Strata Title…
Read More » -
REINSW and realestate.com.au join forces
The Real Estate Institute of New South Wales and property portal www.realestate.com.au have signed a sponsorship agreement that will see the website featured prominently in REINSW’s marketing material. The one year real estate sponsorship agreement commences immediately and will see the website highlighted in the REINSW’s Journal, email newsletters and website. REINSW CEO Tim McKibbin says the deal will also see…
Read More » -
Drone Rules Are Changing, but Will They Work For You?
PHOTOGRAPHY AND VIDEO shot with drones has become relatively common in real estate marketing. Important changes to the safety regulations covering their use take effect in just under two months. From 29 September 2016 there will be a new category of commercial remotely piloted aircraft operations. People operating drones with a maximum take-off weight of less than two kilograms will…
Read More »