National
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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…
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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,…
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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 Loan 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…
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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…
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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…
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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…
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How population is impacting house prices
Population movements are one of the key reasons house prices rise and fall, and according to Herron Todd White, it's not just about how how many people are moving to or from your city, but also the demographics of those people. The leading Australian valuer has studied the impact that the current population trends have…
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New Property Tree dashboards reinvent agency reporting
Agency owners and operators who use Rockend's Property Tree will notice a new change to dashboards – and it's set to reinvent agency reporting. The new, re-imagined and enhanced set of dashboards offer access to a richer set of visually appealing reports, fuelled by real-time data, that are customisable by the user. The new release…
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The RBA leaves interest rates unchanged at 1%
The RBA has left the official cash rate unchanged at one per cent at its September meeting, however, more cuts lie ahead if global conditions continue to weigh on the economy. In a statement that largely mirrored the August update, RBA Governor Philip Lowe suggested Australia is still in for an extended period of low…
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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…
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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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New Delhi conference proves huge business platform for RE/MAX
An Australian-New Zealand contingent has recently returned from the fifth annual Asia Pacific Convention for the global real estate giant, RE/MAX, which took place in New Delhi, India from August 19 to 21. RE/MAX Australia and New Zealand managing director, Michael Davoren, said the event represented a continued building of relationships. "After a succession of…
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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…
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Sydney Swans and realestate.com.au announce major partnership
The Sydney Swans have announced realestate.com.au as the club’s new major partner and their official property search partner. The three-year deal provides realestate.com.au with access to a suite of digital assets, as well as increased presence at all Sydney Swans home matches, in the form of at-ground branding and a new exclusive realestate.com.au hospitality lounge directly beneath the scoreboard. The Sydney Swans have also announced…
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