National
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Short-term PM platform Guesty arrives in Australia
Israeli-born short-term rental property management platform Guesty has announced its Australian debut. The launch will expand Guesty’s presence to 11 global centres throughout Europe, UK, US, Middle East and now Australia, with plans for further entry into Asia Pacific cities including New Zealand, Singapore and Hong Kong. Guesty has identified Australia as a key market…
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Weekend Auction Wrap: Sydney’s second busiest weekend of the year
Once again, Sydney was the market leader for auction results over the weekend, coming in with a preliminary clearance rate of 81 per cent. According to the latest data from CoreLogic, Sydney had 931 homes taken to auction making it the second busiest weekend of the year. In Melbourne, however, there was also a surge…
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Domain announces acquisition of Real Time Agent
Domain has entered into a binding agreement to acquire Bidtracker Holdings, which operates the business Real Time Agent. The on-target consideration for the proposed transaction is $24.8 million, $19.4 million of which is payable in cash on completion. An additional amount of between $0 and $15.6 million in cash is payable based on the achievement…
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Soho releases Tinder-type property match
A social network for property hunting has launched a Tinder-type property match feature that gives users the power to swipe yes or no on real estate listings. Soho launched the new feature on SohoApp.com four weeks ago and CEO Jonathan Lui said the number of swipes has grown 30 times. He predicts at this pace,…
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Elders Real Estate wins coveted Canstar award
Elders Real estate has won the prestigious Canstar Blue’s 2019 real estate agents review for most satisfied customers, coming out with top marks in communication, problem resolution, knowledge, advice and overall satisfaction. The Canstar Blue’s 2019 real estate agents review is based on the results of a survey of hundreds of customers who have used…
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RBA can take a summer holiday
Positive economic signs and a federal government push for banks to relax lending standards for small business will give the Reserve Bank of Australia (RBA) a break from cutting official interest rates, according to leading mortgage aggregator Finsure Group. Finsure Managing Director John Kolenda said with the cash rate reduced to a record low of…
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Domain Test Stadiums are ‘open for inspection’
Domain, naming rights partner of the Men's Test series, is celebrating Australia's two national obsessions, property and cricket by giving fans the chance to explore some of Australia's most iconic sporting stadiums like never before. As part of a wider campaign, major Australian cricket stadiums will feature on Domain, offering an exclusive look behind the…
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Smart Cities Awards applaud innovation and impact
Thirteen winners have been applauded for their visionary leadership, best practice projects and real-world impact at the second annual Smart Cities Awards. Telstra and GWI partnered with Smart Cities Council Australia New Zealand to present the awards, which were held in Sydney as part of Smart Cities Week. "The 2019 winners of the Smart Cities…
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Weekly Auction Wrap: Lower volumes but strong sales
There was a lower number of homes going to auction over the weekend, thanks to the Spring Racing Carnival in Melbourne. But that didn’t stop Sydney and the rest of the country from putting in another solid performance. The auction clearance rate in Sydney remained at a very upbeat 79.4 per cent, while Melbourne dipped…
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Melbourne and Sydney drive rise in house prices
House prices across the nation continue to move higher, getting dragged along by continued strength in both Sydney and Melbourne as house prices continue to rise. According to the latest data from the CoreLogic, it was Melbourne property prices that gained the most in the month of October, up 2.3 per cent – its strongest…
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CPI brings good news for home buyers and renters
The September 2019 quarter CPI figure is good news for home buyers and renters, according to the Real Estate Institute of Australia (REIA). REIA President Adrian Kelly said the All Groups CPI increased by 0.5 per cent in the December quarter, giving an annual increase of 1.7 per cent. “The annual changes for the analytical…
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HIA reports confidence returning to housing market
“New home sales bounced back in September to return to levels seen during the latter half of 2018,” stated HIA Economist, Angela Lillicrap. The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading indicator of future trends in the residential…
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rent.com.au announces interest-free period for RentBond
Rental property website Rent.com.au has announced changes to broaden the appeal of its flagship bond payment product, adding a new interest-free and fee free period to give renters some cash relief when moving between properties. Highlights for property managers: The 21-day interest-free period means renters can fund their new bond at no cost, while they’re…
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Partnering for experience
It’s no secret that agents find it quite challenging to ask consumers to rate on various platforms including realestate.com.au, Google, Facebook plus a video or written testimonial. Last week Domain and RateMyAgent announced a reciprocal partnership which links review data with Domains Listing Data. Domains Chief Operating Officer Tony Blamey explains the thinking behind the…
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Making every building count
Governments urged to adopt practical plan for emissions reduction. A landmark new plan sets out a practical pathway for transforming Australian homes, workplaces and other buildings into low carbon, high-performance structures while cost-effectively reducing emissions. Every building counts: A practical plan for emissions reduction is a policy toolkit jointly developed by the Property Council of Australia…
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ActivePipe welcomes +$6m investment
ActivePipe, a Melbourne based Real Estate focussed Marketing Automation platform, announces that IAG's Firemark Ventures, the Corporate Venture arm of IAG, Australia's largest general insurer ("IAG"), and Second Century Ventures ("SCV"), the venture arm of the National Association of Realtors®, have invested into the ActivePipe +$6M Pre-Series B Convertible note round. The investment comes ahead…
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Ray White unveils Est.1902 collection
Ray White Group today unveiled its new corporate uniform range infused with a subtle touch of Australiana in a nod to its humble bush beginnings. The new uniform collection called Est.1902 will unify its 12000-strong army of agents, property managers and administrators across Australasia as one team with the same dream. The family-owned and led franchised group…
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Weekend Auction Wrap: Auction volumes surge higher
It was another strong weekend of auctions around the country, highlighted by a huge surge in the number of properties going to auction. The auction clearance rate in both Sydney and Melbourne dipped slightly, with Sydney recording 79.7% and Melbourne 77.1% according to the latest data from CoreLogic. While the national rate ended up 75.3%.…
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Herron Todd White welcomes Drew Hendrey to strategic national role
Australia’s largest independent valuation and property advisory firm has announced its latest strategic national team appointment, as the firm looks to build further on its already formidable presence in the industry. Drew Hendrey has accepted the position of Executive Director Valuations Advisory for Herron Todd White (HTW), confirming his resignation from CoreLogic late last week,…
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Sara Young and Jodie Stainton join forces to take Coronis national
Coronis welcomed its first interstate recruit, Sara Young from Western Australia to help grow Coronis nationally with the addition of the new e-business model. Director of Coronis Now Jodie Stainton said how excited she was to welcome such an incredible property management professional who will help Coronis expand its services interstate. "This is a very…
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Rent.com.au posts a loss for the 2019 financial year
Australian rental platform Rent.com.au has posted a loss for the last financial year. The company released it’s annual report to shareholders on Friday and revealed it had generated a net loss of $2,497,183 for the year ended 30 June 2019. This was a slight improvement on the 2018 financial year that saw a $2,822,540 net…
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REA Group announces investment in Managed technology platform
REA Group has announced its investment in Managed, a technology platform created to empower real estate agencies by automating workflows, reporting, payments, invoices and dramatically reducing rental property administration. REA Group Chief Customer Product Officer, Andrew Rechtman, said the announcement reinforced REA's commitment to property management customers. "By working with new software providers, such as…
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Belle Property opens first projects office with Colin Hatch at the helm
Belle Property has today announced the launch of its first dedicated Belle Property Projects office, the latest venture for the growing real estate brand. Located in Bowen Hills and led by veteran agent and Principal Colin Hatch, the office will be the first of several to be opened across the eastern seaboard of Australia. "There…
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Auctioneers ready for annual REIA showdown
It's set to be an all-Australian showdown when the best Australasian auctioneers go head to head at the 2019 Australasian Real Estate Institutes' Auctioneering Championships today. The winner will be crowned Australasia's best auctioneer at the REIV Awards dinner tonight in the Palladium Ballroom, Crown Towers Melbourne. The Real Estate Institute of Victoria (REIV) and…
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Strategic marketing wins award for Pivotal Financial
Pivotal Financial, the RE/MAX Australia-owned finance group, has had back-to-back wins in the annual Connective Excellence Awards taking out the Marketing Award for 2019. "We'd established a powerful brand identity through our efforts in the 2017/2018 financial year," said Pivotal Financial general manager Matthew Andrews, "and the 18/19 focus was to promote the brand to…
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Domain partners with RateMyAgent to “supercharge” agent exposure
Domain and real estate agent reviews and ratings ebsite RateMyAgent have today announced a partnership that will see Domain showcase recommendations from RateMyAgent across participating agents and agencies profiles on domain.com.au. The partnership will improve the service each platform provides to real estate agents, helping to build their brand and drive market share. RateMyAgent counts more than 670,000…
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Weekend Auction Wrap: Supply shortages keep driving demand
The top-end buyers were once again out in force in Sydney with a lack of supply continuing to force buyers to pay higher prices. In Sydney, the preliminary auction clearance rate was again well above 80%, finishing up at 84.3% according to the latest data from CoreLogic. The result was up sharply on last week…
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m3property appoints new CEO
National independent valuer and advisor m3property has appointed David Martin as Chief Executive Officer. Mr Martin joins m3property following a long and distinguished career as a Chief Executive Officer including a successful stint at The Buchan Group that resulted in the creation of a global alliance with Nikken Sekkei. Grant Jackson, who has filled the…
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RE/MAX tops list eleven years running
RE/MAX has led the real estate industry for more than a decade in the Franchise Times Top 200+ rankings, an annual ranking of the 500 largest franchise systems in the United States by global systemwide sales. The real estate giant has again topped all other real estate franchise brands to earn the # 15 spot…
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Rental returns still struggling despite sales resurgence
Despite a resurgence in house prices and strong auction results, the national rental market has continued to struggle in recent months. Across Australia, rents were -0.1% lower over the month to September 2019, with the median rental value being $436 per week. The weak rental rates have been trending lower of recent times, with the…
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BizCover offers Qantas Points on Business Insurance
Business insurance provider, BizCover, has announced an exclusive partnership with Qantas Business Rewards, allowing its customers to earn Qantas Points on small business insurance. The partnership between BizCover and Qantas Business Rewards is an opportunity for small business owners to capitalise on an ecosystem of partners that reward customers for spending money on their everyday…
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HIA supports next steps for First Home Loan Deposit Scheme
The Housing Industry Association of Australia (HIA) has indicated its support for the First Home Loan Deposit Scheme after legislation was passed in the Senate on Tuesday. “Housing is a national priority and HIA welcomes the Senate passing legislation that will facilitate the next step in making the First Home Loan Deposit Scheme a reality,”…
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Auction Market Recap: The buyers return with force
With the footy finals out of the way, property buyers across the nation were out in force over the weekend, pushing the auction clearance rate straight back up to pre-finals levels. Sydney’s preliminary clearance rate surged back above 80 to finish at 82.3 per cent, while Melbourne was equally strong at 76.7 per cent, according…
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realestate.com.au walks through the 1form security upgrades
At realestate.com.au we’re constantly working to make sure we’re doing everything possible to protect your data and the data of your customers. With 1form specifically, we hold a very large amount of tenant data on your behalf, so we’d like to take you through an important security upgrade that we’re making to your 1form account.…
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ACCC inquiry into residential mortgage prices
The Australian Competition and Consumer Commission (ACCC) is to undertake an inquiry into the pricing of residential mortgage products. The ACCC inquiry will ensure the pricing practices of Australia’s financial institutions are better understood and made more transparent by; Investigating the prices charged for residential mortgages across the entire market, including by major banks, smaller…
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