Real Estate News
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Everything is negotiable: Luxe Listings Sydney Episode 5 recap
Greetings rockstars, Glee fans and Home and Away addicts. We’re back for our second-to-last recap of Luxe Listings Sydney where we pick up on the Vaucluse-auction-cliffhanger from last week. If you remember, the quote was $14 million-plus and bidding had quietened around $17 million. Our man Simon is bidding on behalf of a girl named Sue, who hated the wardrobe…
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Openn Negotiation partners with RE/MAX Australia
Australian-listed PropTech company Openn Negotiation has signed a partnership agreement with real estate network RE/MAX Australia. The partnership will support the adoption of Openn Negotiation as a sales method, enabling further growth of the platform through group agent training. There will also be a series of technical integrations with RE/MAX Australia’s own digital assets. The property data is set to…
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REA Group named one of Australia’s best workplaces
REA Group has been named Australia’s fourth ‘Best Workplace for 2021’ by Great Place to Work. The REA Group was certified by Great Place to Work in June and was recognised as the fourth highest performing organisation with more than 1000 employees at a virtual event yesterday. The acknowledgement is two places higher than that achieved in 2019, when REA was…
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Podium aims to drive a texting revolution for local businesses in Australia
Communication and payments platform Podium has continued its international expansion, announcing its launch in Australia.
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New housing loan commitments are starting to wane
Australia’s strong property market is starting to settle down as economic concerns about lockdowns start to make an impact, new Australian Bureau of Statistics (ABS) data has shown. Real Estate Institute of Australia (REIA) President Adrian Kelly said housing loan commitments had fallen, but remained at an historically elevated level of $32.1 billion. “The latest figures show that the value…
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Property investors and homeowners are in danger of being underinsured
MCG Quantity Surveyors said Australian property owners are at immediate risk of a massive insurance blow.
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RBA maintains flexible approach with continued cash rate hold
The Reserve Bank of Australia (RBA) has decided it will keep the nation's official cash rate on hold at 0.1 per cent.
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More than half of experts say lockdowns will slow property price growth
Strict lockdowns are one of the few things that can slow down Australia’s recent surging property price growth, according to experts.
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Former prosecutor joins The Agency’s Queensland team
The Agency has welcomed leading agent and former prosecutor Joseph Leong to their growing Queensland team.
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New Century 21 office opens in Caroline Springs
Century 21 Paramount Realtors has opened a second office in Caroline Springs, located in the western suburbs of Melbourne.
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Coastal apartments in hot demand in NSW
Sydney’s extended lockdown has boosted buyer enthusiasm across regional New South Wales, with enquiries increasing for apartments in coastal areas.
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New Zealand’s market slowdown is gradually unfolding
CoreLogic’s House Price Index (HPI) showed New Zealand’s house values increased by a further 1.8 per cent over July, with a market slowdown starting to develop. This was the same rate of growth recorded in June, but down on both May (2.2 per cent) and April (3.1 per cent). While New Zealand is likely to be past the peak growth…
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WA real estate agents raise $1 million to combat homelessness
WA real estate agents have partnered with the Salvation Army's Community REInvest program to assist people experiencing homelessness.
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Alicia Keys sells Phoenix holiday home for $3.1 million
Fifteen-time Grammy Award winner Alicia Keys has sold her modern Camelback Mountain holiday home in Phoenix.
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McGrath appoints Marguerite Foxall to spearhead Victorian expansion
McGrath Estate Agents has appointed experienced agent Marguerite Foxall to the position of State Manager for Victoria, as the company earmarks the southern state for future growth and expansion.
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Australia’s growth cycle tapers as housing becomes less affordable
Australian housing values increased a further 1.6 per cent in July, according to CoreLogic.
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Luxury specialist Alex Pitsis is the new director of Ray White Sutherland Shire
Ray White has welcomed Alex Pitsis to the Sutherland Shire team as he takes on his new role as director.
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Perth buyers soak up listings despite wet conditions in July
Perth's wet weather hasn't dampened buyers' interest, according to REIWA.
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Brett Hayman: Olympian to AREAs winner
As a three-time World Champion and Olympic silver medallist, Brett Hayman knows a thing or two about discipline. Here, the Hayman Partners director explains how adopting the same approach in real estate has seen him rise to the top of his field.
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Rex Software celebrates 10 years servicing the real estate sector
Rex Software looks back at 10 years servicing the real estate sector and the major milestones they've enjoyed along the way.
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The ATO warns property investors to be aware of common tax return traps
The Australian Taxation Office (ATO) has reminded property investors to look out for common tax return mistakes that can delay refunds or lead to an audit, costing taxpayers' time and money.
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Sydney lockdowns could cause another Australian recession
68 per cent of Finder's surveyed experts believe Sydney's extended lockdown could be a catalyst for another recession in Australia.
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PropertyMe celebrates reaching 4500 subscribers and 1.3 million properties
lian property management software company PropertyMe has surpassed their milestone of 4500 agency subscribers and is now used to manage over 1.3 million properties.
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Auction volumes steady, clearance rate rises
This week’s preliminary clearance rate has edged higher and volumes remain on par with previous weeks, despite the fact more than 250 of the anticipated 2077 auctions for this weekend were rescheduled to a later date.
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REA Group partners with Realtair to support agent development
REA Group, alongside its partner Realtair, is offering customers complimentary six-week memberships to the interactive Complete Salesperson Digital course. The offer comes while a large segment of Australia’s property market remains in lockdown and unable to conduct in-person interactions. REA Group General Manager Residential, Simon Hope said REA is committed to supporting customers and values the importance of taking time…
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Mother and daughter team join The Agency
Mother and daughter duo, Cathy and Madi Roche, have been business partners for 10 years this month.
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Darren Cole launches Cole + Yarrow with co-founder Craig Yarrow
Darren Cole has launched Cole + Yarrow with co-founder Craig Yarrow
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Former weatherman Mike Larkan’s new career path as an auctioneer
Former Network 10 weatherman Mike Larkan is forecasted to thrive in his new career as an auctioneer, after being axed from TV last year.
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Sydney and Melbourne are the only capital cities with declining rental markets
REIA president Adrian Kelly said Sydney and Melbourne saw rents fall slightly, while other capital cities saw rents increase
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If you don’t like rejection, get out of real estate: Luxe Listings Sydney Episode 4 recap
Rise and grind people – we’re back with this week’s recap of Luxe Listings Sydney. And we mean grind. No dates. No roses. No boats. No bars. Just the 5am club, plenty of cold calls, a malfunctioning mouse and a very long drive over the Harbour Bridge. The end. Just kidding. We’re straight to into the action at Cohen Handler where…
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The Agency on track for record financial year results
The Agency’s planned growth trajectory continues, with the group’s results for the June quarter indicating the company is on track for 2020/21 financial year EBITDA of more than $4 million.
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Market Buy seeks to provide a listing presentation advantage
A great digital profile and solid reputation might get you through the door, but nothing secures a listing quite like the cold hard data of proven results, according to Market Buy’s John Hellaby. A former agent himself, Mr Hellaby explained Market Buy provides all real estate clients with that data, with every sale on the platform compiled into a PDF…
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Gap between median house and unit prices breaking records
The price premium of houses over units has continued to emerge since March last year, as stage two restrictions rolled out across the nation.
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Pandemic fuels regional migration and pushes property prices up
Across the country, prestige and regional markets have seen incredibly positive results over the past year, but other areas have also experienced prominent changes.
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Century 21 celebrates its 50th anniversary
Century 21 has reached a special milestone as it celebrates its 50 years, working to help people achieve their property needs. They first opened their doors internationally in 1971.
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