Real Estate News
-
Gen Z wants split-rate mortgages, Boomers want fixed rates
The generational gap is evident in new research by Finder, which shows a new level of employment uncertainty is influencing how younger generations would prefer to structure their home loans. Out of 1000 Australians surveyed on how they would structure their mortgage if they were to refinance, 20 per cent would choose a split mortgage, dividing their loan into fixed…
Read More » -
Outdoor auctions now allowed in regional Victoria
Some good news has come at last for the Victorian real estate industry.
Read More » -
HomeBuilder will keep residential building industry afloat in December Quarter
The HIA New Home Sales report indicates that HomeBuilder will support building activity and protect jobs in the industry during the December 2020 Quarter.
Read More » -
Vic Government passes “fundamentally flawed” retail leases bill
The Victorian Government yesterday passed the Retail Leases Amendment Bill.
Read More » -
New CEO for Ray White Queensland
Ray White Queensland has announced a major shakeup, with a new CEO replacing Tony Warland, who has been at the helm of the company for 12 years. Incoming CEO Jason Andrew, an award-winning auctioneer who has successfully led the NSW network for close to four years, is taking over the reins from Mr Warland. Ray White Group Managing Director Dan White…
Read More » -
REIA urges Daniel Andrews to restart Victorian property market
REIA urges Victorian Government to safely restart Australia's second biggest property marketThe REIA joins with the Real Estate Institute of Victoria (REIV) in calling on the Victorian Government to reintroduce contactless activities in the real…
Read More » -
Australia’s lowest mortgage rate is now 1.89 per cent
In late June, Loans.com.au became the first lender in the country to offer a home loan rate of under 2 per cent, with their 1.99 per cent introductory rate. Since then, nine other lenders have slid under the 2 per cent bar, prompting a race to the bottom that is now being led by Reduce Home Loans – who clearly…
Read More » -
LJ Hooker Cleveland offers up Mitsubishi Mirage in spring campaign
This spring, LJ Hooker Cleveland is offering property owners the chance to win a brand-new Mitsubishi Mirage valued at almost $20,000. Every sales or rental listing undertaken by LJ Hooker Cleveland between 1 September and 30 November will go into the draw to win the car from Bartons Mitsubishi Capalaba. The draw will take place at Bartons Mitsubishi Capalaba in…
Read More » -
REIWA: Dwindling vacancy rate “a recipe for disaster”
In two months, Perth’s vacancy rate has dropped from 2 per cent to 1.3 per cent, and the Real Estate Institute of Western Australia expects this figure to keep dropping – a situation they are dubbing “a recipe for disaster” for tenants looking for a rental property. “The McGowan Government’s short-sighted decision to extend the emergency period for all tenancies…
Read More » -
REIV implores government to allow one-on-one inspections
Touting what they call “a safe and simple answer”, the REIV has called for the Victorian Government to allow one-on-one inspections of properties to “help save many Victorians from financial distress and homelessness”. They argue that the current restrictions are hurting potential sellers, especially considering that often people are forced into selling their home due to financial pressure, and this…
Read More » -
All the winners from the 2020 reiwa.com awards
Western Australia's real estate professionals came together to celebrate the industry's best at the 2020 reiwa.com Awards Ball held at Crown Perth on Saturday 12 September.
Read More » -
The 10 ‘danger zones’ for unit oversupply in Australia
RiskWise has identified the Top 10 'Danger Zones' areas in Australia.
Read More » -
Domain teams up with The Block agents to sell this year’s properties
Domain will again be supporting the selling agents on this season of The Block. In the lead up to the finale, Domain will be helping the agents maximise their exposure for the five period homes in the Melbourne bayside suburb of Brighton. The Block listings will be exclusive to Domain, with agents given access to property marketing offerings across print,…
Read More » -
LJ Hooker launches new spring campaign for the DIY consumer
LJ Hooker has launched its latest campaign ‘spruce up for spring’ to drive customer engagement and brand awareness during the competitive spring selling season. The national three-month campaign, which kicked off on 1 September, is based on a spring season giveaway offering homeowners the chance to win a share of $17,500 in home renovation vouchers by receiving a property appraisal…
Read More » -
Homely appoints David Holmes as Qld State Manager
Real estate portal homely.com.au has appointed well-known industry figure and auctioneer, David Holmes as their Queensland State Manager. This announcement comes off the back of Homely rolling out their Agent Participation Program in Queensland and…
Read More » -
Auction results highlight Melbourne’s pain
The lockdown toll is being felt across the Melbourne auction market, with CoreLogic reporting a clearance rate of 27.3 per cent this week after three of the 14 homes listed for auction at the weekend sold prior, and eight were withdrawn. Domain had similar figures, reporting a clearance rate of zero per cent after 10 homes were listed for auction,…
Read More » -
Josh Logan-Pye wins 2020 REINSW Novice Auctioneers Competition
Josh Logan- Pye beat out more than 25 novice auctioneers last night to take out the 2020 REINSW Novice Auctioneers Competition champion. “I’m blown away to be crowned NAC Champion,” says Logan-Pye. “I decided to…
Read More » -
Rent.com.au raises $1.5m to launch RentPay
Rent.com.au has raised $1.5m to market and launch RentPay, RENT's flagship 'tenancy period' product.
Read More » -
Sydney vacancy rates down for first time since COVID-19 hit
It might be too early to say for sure, but the REINSW Vacancy Rate Survey results for August 2020 suggest that the worst may be over. Vacancies across Sydney overall decreased for the first time in August, after five consecutive months of increases, and now sit at 3.7 per cent – a drop of 1.3 per cent from July. Similarly,…
Read More » -
Victorian Treasurer offers hope to real estate agents angered by restrictions
Victorian Treasurer Tim Pallas has suggested a level of flexibility in the much-maligned Victorian roadmap that may give relief to frustrated real estate agents.
Read More » -
REIWA ‘extremely disappointed’ by extension of rental emergency period
REIWA is extremely disappointed with the WA Government's decision to extend the emergency period tenancy.
Read More » -
Bathurst indicative of tight regional rental market
Bathurst Real Estate principal Michael Whittaker has confirmed just how tight the rental market is in some regional areas of New South Wales, noting vacancy in his region is currently below 1 per cent. In…
Read More » -
Banks plan to hike interest rates for COVID-impacted customers
Three of the country’s largest banks have conceded that they will increase interest rates for those financially distressed customers planning to make interest-only repayments after the mortgage holiday period ends. NAB, Commonwealth and Westpac have admitted that rates will be higher for those customers only paying interest on their home loans, as opposed to those who pay principal plus interest.…
Read More » -
RE/MAX team with live streaming platform
RE/MAX Australia Operations Director, Josh Davoren, has announced a ground-breaking partnership between a real estate company and streaming platform Home Live. Home Live is a live streaming solution for real estate agents globally. The platform was developed specifically for real estate by co-founders Luke Watson and Jon Tyson, and was launched to the RE/MAX network last month. Onboarding of offices…
Read More » -
Unit oversupply in Brisbane scaring off buyers
The inner-city Brisbane unit market was suffering from oversupply before COVID-19 struck, but now researchers are warning it has become a “huge danger zone” for potential investors. According to RiskWise Property Research CEO Doron Peleg, things have become much worse over the past few months, and will continue along these lines. “RiskWise reported in July 2018 that there were 14,813…
Read More » -
Melbourne agent shares loophole for Stage 4 property inspections
Private inspections of properties will not be allowed until at least October 26 in Melbourne, but Hockingstuart Altona/Williamstown principal Anthony Anile has found a legislative loophole to help his clients continue to sell their properties until the lockdown is lifted. Mr Anile is inserting a clause into all sales contracts that makes the final sale conditional upon a satisfactory physical…
Read More » -
RE/MAX New Zealand’s Queenstown rally sets high benchmark
After a period of COVID-related uncertainty, RE/MAX New Zealand held its second rally for the year bringing more than 100 members, business partners and invited guests together in Queenstown on 3rd September. RE/MAX New Zealand…
Read More » -
Residential land demand highest in two years
The impact of HomeBuilder is finally beginning to be represented by statistics.
Read More » -
Melbourne’s population to drop significantly
One of the unintended consequences of the Melbourne lockdowns will be that tens of thousands of people will flee the city.
Read More » -
REIWA’s post-COVID prosperity plan
“It’s clear that the property industry needs stimulus to attract buyers and investors back into the market.” That’s the message from Real Estate Institute of Western Australia, who have delivered a prosperity plan to the WA Government that they believe will set the state on the road to recovery. Below is an outline of the plan. Reform stamp duty to…
Read More » -
Who’s where on the property clock as spring selling begins?
Tasmanian cities are among the new additions to the top of the property clock, according to the September Month in Review by Herron Todd White. Launceston and Bernie/Devonport have now joined capitals like Adelaide, Hobart and Canberra, along with regional areas like Albury, Geelong, and Bathurst at the peak of the market, while Melbourne has officially entered decline, and Darwin…
Read More » -
Time’s up: Banks begin contacting deferred mortgage holders
Over half of the 900,000 loans that were deferred in Australia will be assessed in the coming weeks, as the six-month ‘mortgage holiday’ period comes to an end. According to the Australian Banking Association, banks have already started contacting customers to “discuss the next stage of support and assistance”. Among these, 260,000 deferred mortgages will be assessed before the end…
Read More » -
Katie Cotton appointed to grow RE/MAX business
RE/MAX Australia has appointed Katie Cotton, former National Manager with easyBondpay and easyAdpay, to the role of Business Growth Manager. Ms Cotton will focus on expanding the network through the southern Queensland and northern New South Wales regions. “With easyBondpay being a well-known product supplier to the real estate sector, and a RE/MAX partner, I have already established relationships with…
Read More » -
Eview Group enters the commercial arena, joining forces with Melbourne agency
The Eview Group has confirmed their expansion into the commercial sector, as they broaden their scope and announce their latest partnership with Commercial Real Estate Group. Founded by Robert Renner, Commercial Real Estate Group is the accumulation of a life-long love affair with property, together with an unwavering passion and commitment to navigate and service an expanding clientele. Joining the…
Read More » -
Queensland budget ‘a story of missed opportunities’ – Property Council
The Queensland Government released their COVID-19 Fiscal and Economic Review on Monday, but the Property Council of Australia says it’s a story of missed opportunities, and the state needs to take a fresh look at ways to stimulate the economy by creating jobs. “The fastest way to get activity happening is to remove the regulatory and financial barriers that are…
Read More »