Real Estate News
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The Agency to ease divorcing clients’ pain with new agent training program
The Agency has joined forces with Australian Family Lawyers(AFL) to train agents in managing property sales during a divorce.
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The top suburbs where there’s still room for price growth
It’s no secret the property market has been running hot in 2021, but according to buyer’s agency network, BuyersBuyers there are still opportunities for growth in the country’s top three markets.
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Homely launches Well Home Loans integration
Online real estate marketplace Homely.com.au has integrated online home loan provider, Well Home Loans, into its full-service real estate search.
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Over 80 per cent of auctions successful in all capitals
Every capital has reported a preliminary clearance rate of above 80 per cent this week as auction volumes rise across the country.
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Openn joins REACH Canada class of 2022
Online property sales platform Openn has been selected to participate in the REACH Canada 2022 scale-up program.
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Victorian Government launches $500 million fund to help residents buy a home
The Victorian Government has launched a $500 million shared equity fund to help Victorians buy their own home.
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Industrial and logistics real estate market tipped to skyrocket
Australia looks likely to be the major beneficiary of booming investment in the logistics and industrial real estate market, according to a new report by JLL..
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High Court dismisses appeal over real estate restraint of trade
A legal case that serves as a warning for both real estate business owners and employees has come to a conclusion, with the High Court dismissing an agent’s final appeal over restraint of trade and confidential company information.
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Value of Australian housing market surpasses $9.1 trillion
The value of the Australian housing market has increased more than $1 trillion in the past five months, hitting a new record of more than $9.1 trillion in September.
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Auctions and open homes can be held across NSW
Freedom Day arrived in NSW yesterday with some good news from the State Government in that on-site auctions and open homes can take place statewide. Minister for Better Regulation and Innovation Kevin Andrews said there was currently no restrictions on where a live auction or open home could be held. “The Public Health order notes that from 11 October there…
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Office occupancy rates call for CBD recovery
As lockdowns on the East Coast begin to wind back, there have been calls for workers and businesses to return to the hard-hit CBD.
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L.A’s top celebrity home: Sinatra to Monroe and Mad Men
Southern California’s star-studded home, Farralone, was built for Chase Bank heiress-and-socialite Dora Hutchinson. A longtime home for Frank Sinatra and, according to legend, the site of JFK’s affair with Marilyn Monroe, it has been a film site for many films and television shows including Mad Men, Californication and Dreamgirls. Recently restored, it is for sale at US$21.5 million. In 1949, Hutchinson hired futuristic-architect William Pereira…
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Franchise ownership still a top option for agents
While a lot of noise has been made about the stand-alone agent model, the tried and tested franchise is the only way to build a true, sustainable business, offering proven long-term rewards that go beyond the day-to-day, according to Explore Property Group leader, Andrew Acton.
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Melbourne agent doubles GCI in 12 months during lockdown
Last year, Daniel Di Battista launched his business in Melbourne, the most locked down city in the world and 12 months later has doubled his GCI in his first year with UrbanX, completely exceeding his expectations.
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National rental vacancy rate clocks up its fifth month at just 1.7 per cent
The national vacancy rate remains low, clocking up its fifth consecutive month at just 1.7 per cent, according to new data released by Domain.
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The top Sydney and Melbourne suburbs with potential for unit oversupply
Schofields, Gosford and Rouse Hill are among the top Sydney and NSW suburbs most at risk of unit oversupply and potentially poor metrics for landlords, new research has revealed.
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Home stretch: 1 in 3 Aussies would move if they could work from anywhere
As millions of Australian workers stretch into their fourth month of working-from-home, many have relocation on their minds, according to new research by Finder. A nationally representative survey of 678 Australian workers revealed that 33 per cent – or 4.3 million adults – would move homes if their employer announced that workers no longer needed to be onsite. Sarah Megginson, home…
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Hard work and dedication the key to Kayla’s success
Kayla Welsh joined the real estate industry just four days after finishing high school, and the Richardson & Wrench Rooty Hill sales executive hasn’t looked back since.
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APRA steps in to curb mortgage debt with increased interest rate buffer
The Australian Prudential Regulatory Authority (APRA) has stepped in to curb household mortgage debt, announcing stricter lending conditions.
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Industry leaders analyse what RBA decision means for real estate market
The Reserve Bank of Australia (RBA) has maintained its record low cash rate at 0.1 per cent, with real estate industry leaders predicting Australia’s hot housing market will start to even out a little in the coming months.
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Sunshine Coast agent uses OASIS to launch independent agency
When veteran real estate agent Greg Pratt was looking for the support he needed to set up a virtual, independent office on the Sunshine Coast, he went straight to @realty.
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Joe Jonas and Sophie Turner sell in LA, buy in Miami
A-Listers Joe Jonas and wife, Sophie Turner, have sold their Encino, California estate, which they turned into one of Southern California’s most glamorous contemporary homes. Taking two years and the magic of celebrity-designer Jae Omar, the couple purchased the home in 2019 for US$14.1 million and listed it at US$16.75 million in June. It recently sold for US$15.2 million. Located in…
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Sherrie Storor’s coaching clients finished EOFY having the best sales year ever
The last 12 months saw LJ Hooker Ormeau Principal, Nicole Hintz, smash her business goal of tripling her revenue and writing $1.6 million gross commission income.
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REA Group joins Tech Council of Australia
REA Group today announced it was joining forces with Australia’s tech industry leaders to become a member of the recently formed Tech Council of Australia (TCA).
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Busiest auction week since mid-July as Melbourne records its second highest clearance rate this year
CoreLogic has reported this was the busiest auction week since mid-July, with the preliminary clearance rate also on the rise and Melbourne returning its second highest initial success rate of the year.
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Authorised workers required to be vaccinated in Victoria
All "authorised workers" across Victoria will be required to have at least one dose of the COVID-19 vaccine by Friday 15 October in order to continue working.
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REIA claims the Government bolsters its coffers at housing affordability’s expense
Real Estate Institute of Australia (REIA) President Adrian Kelly believes stamp duty has become the antiquated blight of the Australian housing sector, based on new findings.
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Perth house prices rose 18 per cent in the last 12 months
oreLogic has announced a revision of its Perth home value index, confirming the Western Australian capital has seen an increase of 18.1 per cent above in the past 12 months.
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New ActivePipe development takes real estate lead generation to the next level
As agents focus on the booming housing market, overlooked long term opportunities in their database slips through the cracks, says Activepipe
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Belle Property welcomes three new offices in Townsville and Sandringham
Belle Property has announced three new offices are set to open in Queensland and Victoria.
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Sydney sellers cash in with 97.6 per cent of housing resales selling for a profit in June
In Sydney over the June quarter, 97.6 per cent of houses sold for a nominal gain, the highest level since 1982, says CoreLogic
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New Zealand implements new rules to prevent investor deductions
New Zealand has continued its efforts to lower the skyrocketing housing market with new rules that will impact property investors. The new rule will prevent property investors in New Zealand from deducting mortgage interest from their taxable income and takes effect from 1 October, according to Reuters. Finance Minister Grant Robertson explained the change is part of a series of…
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Real estate industry leaders weigh in on stamp duty reform
Industry leaders have provided official submissions on behalf of the real estate sector, discussing stamp duty changes and housing affordability.
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New names in Harcourts, Knight Frank and deVere Group leadership teams
Harcourts Western Australia, Knight Frank Australia and deVere Group have announced their new leadership appointments.
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Brisbane agent Remy Durieux reflects on his first year with his independent agency
Brisbane agent Remy Durieux has reported seeing a 560 per cent increase in GCI over the past year.
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