INDUSTRY NEWS
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Sydney rental accommodation eases in January
Sydney residential vacancy rates continue to be tight despite a slight rise in availability, according to data released by the Real Estate Institute of New South Wales. The January 2014 REINSW Vacancy Rate Survey saw the number of properties for rent rise 0.1 per cent to 1.9 per cent. “The middle* suburbs led the rise with an increase of 0.4…
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Proximity Hamilton leads the way in Brisbane property upsurge
Proximity Hamilton, Brisbane’s latest luxury apartment development, has kicked off 2014 with a bang, recording more than $4.6 million in apartment sales in just 30 days. Peter Malady, managing director of marketing agents 360 Project Marketing, said his sales team had closed an impressive 10 sales in January, traditionally a quiet period for the Brisbane property market. “Analysts are tipping…
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NSW on top of home loan rate war says finder.com.au
New South Wales home buyers will benefit most from the war between lenders, despite the Reserve Bank expected to keep the cash rate on hold at its first board meeting of the year on Tuesday, according to one of Australia’s biggest comparison websites finder.com.au (www.finder.com.au/home-loans). Borrowers in NSW have the biggest loan size on average compared to other states, and…
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RE/MAX Puts Down Roots in Established Rural Scene
RE/MAX AIRR, an alliance between RE/MAX Australia and Australia’s fastest growing rural network, Australian Independent Rural Retailers Pty Ltd (AIRR), has merged with Damian White & Son Real Estate to open the first dedicated RE/MAX AIRR office for Australia at Shepparton. Damian White & Son Real Estate began this year with a change of logo and livery as the team…
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REIV releases new median prices by number of bedrooms
New data released by the REIV has found substantial variations across Melbourne in capital growth during the September quarter, depending on the area and the type of dwelling. REIV CEO Mr Enzo Raimondo said that median house prices can be skewed by a few particularly low or high prices in an area. “But looking at prices for houses and units,…
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Australia’s top investment suburbs – onthehouse
With property markets heating up across the nation, Onthehouse.com.au today released research from its property data experts Residex, showing the suburbs around Australia that present the top investment opportunities for residential property buyers, and the streets with the best renovation potential in these suburbs. The findings show that savvy investors are targeting outer city regions, as they continue to deliver…
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Gary Peer takes out top REIV gong
Congratulations to Gary Peer & Associates has been awarded the real estate industry’s highest honour – Large Agency of the Year Award at the REIV Awards for excellence. As well as taking out the top gong, Gary Peer & Associates also won another three awards to add to their list of achievements: Innovation Award, Communication Award and Corporate Promotion (Multiple…
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New OFI app for the Australian Market
MyOFI and MyOFI Agent have launched to fill an apparent technology gap at property open for inspections. By using the Apps, buyers, renters and agents can save 75% of time registering at property open for inspections. The Apps work as one; one catering to consumers for easy registration and the other to real estate agents for easy data collection. By…
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A Step in The Right Direction
The announcement last week by the WA State Government that it’s investing in 1,000 new and affordable rental homes is definitely a step in the right direction for a housing sector that’s under pressure on several fronts. The varying housing issues and trends in Perth are well-documented: high property prices, fluctuating rental demand and vacancy rates, plus local residential construction…
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Fed Court Judge rules in favour of realestate.com.au
The battle of trademarks (realestate.com.au vs realestate1.com.au) ended yesterday, 7 June 2013, with The Hon. Justice J Broomberg ruling in favour of the realestate.com.au on the subject of Trademark Infringement. In the judgement paper Justice Broomberg says,”I have found that by using the marks realestate1.com.au and realcommercial1.com.au, Real Estate 1 infringed REA’s trade marks in all but one of the different uses…
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hockingstuart expands network reach
Victorian real estate network hockingstuart yesterday opened its fifth office this year, cementing the Group’s plans to expand its reach in 2013 and increase its strong hold on the Victorian real estate market. Based in Melbourne’s eastern suburbs, the opening of hockingstuart Doncaster follows the establishment of the network’s Berwick, Pascoe Vale, Coburg and Preston offices earlier this year. hockingstuart…
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Further professional education for buyers agents can extend service offerings
Signs of a renaissance in the Australian property investment market is pointing to strong opportunities for real estate agents and buyer’s agents, according to the Property Investment Professionals of Australia (PIPA). “Market forces are currently aligning to produce excellent property investment conditions in many parts of the country,” said PIPA chair Ben Kingsley, “bringing with them a new wave of…
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“Optimism despite the squeeze” – Macquarie launch results of 2012 Commercial Benchmarking Survey
Sydney: Macquarie Bank today presented the findings of their Commercial Real Estate Benchmarking Survey for 2012 to a group of select clients and media. Comparing the results to the last benchmarking survey completed two years ago in 2010, Wayne Tower, National Head of Commercial Real Estate said that “commercial agents are still reasonably positive with respect to outlook and growth…
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Focus on Growth
“Whosoever desires constant success must change his conduct with the times.” Anton Kardash, the newly appointed CEO of the REIQ, says that this aptly describes the thinking of the REIQ board in moving the Institute forward in what have been difficult times. This REIQ’s commitment to improvement has led to my appointment here, and while I am new to Real…
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Undercover Customer – Creating a Brilliant Open Home Experience
Over the past year, many Real Estate agents across the country were ‘Mystery Shopped’ by Real Estate Author and Coach, Glenn Twiddle and his team. He chose the properties at random, and was on the lookout to score agents on following up, marketing skills, sales skills, negotiation prowess, and test the capabilities of the agents in general. Here is what they…
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