Real Estate News
-
14 Aussie wine regions set to outperform Sydney’s market
New research by national advisory firm Propertyology has revealed there are 14 wine-producing regions where property price growth looks set to keep outperforming the Sydney market. Head of research at Propertyology, Simon Pressley, said investors who’d already removed their regional biases and actually studied the data had been well rewarded. “I’ve run the numbers and these regions smashed Sydney on…
Read More » -
Realtor.com’s introduces noise indicator
There are many things you can determine from a property listing – a home’s size, location, aesthetics, school districts and much more. However, there are some things you simply can’t see – such as how noisy or quiet a property may be. That’s why US real estate listings website, realtor.com has introduced a new noise indicator feature that provides reliable…
Read More » -
Raine & Horne agent to take a belting for a good cause
A leading real estate agent from Sydney’s Eastern Suburbs will step into the boxing ring for the first time this month in a quest to raise $10,000 to support the fight against brain cancer. Patrick Cosgrove, associate director of Raine & Horne Double Bay, will take on his first amateur fight on Friday, 20 March at Paddington Woollahra RSL Club.…
Read More » -
Why your profit has disappeared
Why self-interest and an over simplification of how real estate agency's make money has caused profit to dry up in today's real estate industry. There are three good indicators you are making a record profit. You have recorded settlements beyond your own expectations, and not increased your cost base, you have larger cash reserves than…
Read More » -
Expats set to lose their CGT exemption
Australian residents living overseas will now lose the capital gains tax (CGT) exemption on their family home after new laws were passed by Parliament. The new changes mean that foreign residents who don’t file income taxes will now be forced to pay capital gains tax when they choose to sell the family home. Previously the family home wouldn’t have attracted…
Read More » -
Melbourne and Sydney dominate luxury price growth
Luxury residential price growth in Australia is highest in Sydney and Melbourne, according to the results of the Prime International Residential Index (PIRI 100) in Knight Frank’s The Wealth Report 2020, released today. The PIRI 100, which tracks the movement of luxury residential prices in 100 cities and second home markets globally between December 2018…
Read More » -
Adrian’s calling it for the kids
Whipping up a crowd is second nature for legendary Melbourne auctioneer Adrian Butera of Compton Green. With 4500 auctions under his belt, he knows a thing or two about the game and he’s addicted to the thrill of the bidding. Like any seasoned performer, however, he says there are shows and then there are shows. Right now, he’s warming his…
Read More » -
WA GEM Awards winners announced
First National Real Estate’s Western Australia estate agents were presented with their General Excellence and Marketing Awards at Crown Perth on Friday night. The awards celebrated the outcomes achieved by the state’s agents throughout 2019, with top 10 individuals and offices now vying for National GEM Awards, which are announced in May. Agents reaching the national top 10 will be…
Read More » -
Interstate landlords left in the lurch: REIV
REIV President Leah Calnan says a recent decision by the Court of Appeal, stating VCAT cannot rule on cases where the landlord resides outside of Victoria will create more questions than answers. VCAT has been the common arena for rental disputes within Victoria since its inception, regardless of where the landlord resides. The Victorian Court of Appeal recently changed that,…
Read More » -
Farewell to Jock Kreitals, CEO REIA
REIA CEO Jock Kreitals is set to bid farewell after five years at the helm of the organisation and 12 years in total at the Real Estate Institute of Australia. President, Adrian Kelly said he has been very appreciative of Mr Kreitals’ contribution over the past decade and thankful for the excellent shape that he is leaving the REIA in.…
Read More » -
Rent.com.au & Novatti partner to develop RentPay
Rent.com.au has partnered with global software group Novatti to deliver RentPay. According to an ASX announcement, the agreements comprise a Subscription Agreement and a Software as a Service agreement. The partnership is slated to deliver: a 36-month SaaS Agreement with Novatti to build and operate payments backend. Novatti’s payments scale and potential banking capability allow for compelling customer offer. Key…
Read More » -
DiJones bolsters North Shore with leading Lindfield agents
Highly experienced real estate agents Nahid Coventry and Daniel Blagg are set to join DiJones as partners, alongside a top performing team. DiJones Chief Executive Office Rob Ward said the appointment of Ms Coventry and Mr Blagg is consistent with a strategy to partner with high-calibre agents in the North Shore region. “We are passionate about identifying buyer migration patterns…
Read More » -
Rental values on the up
A quarterly review of national rents by CoreLogic showed that rents surged 0.5% higher over the month to January 2020 to record a current median rental value of $440/week. According to Eliza Owen who heads up the company’s residential research division, this was the highest monthly growth rate in the national rental index since January…
Read More » -
Console Cloud launches in New Zealand
Console Cloud has officially launched in New Zealand, with the company noting the software is set to revolutionise the way agencies operate. The new software will replace Console Gateway and comes after supporting New Zealand agencies with the server-based software for over 20 years. “This industry-leading property management and trust accounting solution is set to revolutionise the way New Zealand…
Read More » -
Long weekend sees lower auction volumes yet solid clearance
With a number of states and territories enjoying a long weekend, auction volumes were significantly lower than last week, but the preliminary clearance rate remained a healthy 74.8 per cent. That’s largely attributed to lowered interest rates yet flies in the face of bleak headlines about coronavirus and the global economy. About the grounds, a total of 1,456 auctions were…
Read More » -
Airbnb promotes party prevention
Short-term rental platform Airbnb is encouraging its hosts to use third-party surveillance devices in a bid to cut down on disruptive behaviour. Airbnb came under fire last year for incidents in the US where guests have damaged properties and thrown wild parties – and now the company is taking a stance. Starting today, we are banning “party houses” and we…
Read More » -
Agent wipes the floor with $1610 bid for toilet paper
Ray White Pomona Hinterland agent Sam Hargrave purchased a precious roll of toilet paper for $1610 yesterday. But she wasn’t down in the dumps over the expensive purchase – it was part of a competitive charity auction battle at the Howard Smith Wharves, with proceeds going to Beyond the Bricks. As part of Ray White’s national…
Read More » -
Short-term property management company MadeComfy expands to Canberra
Short-term rental management company and official Airbnb partner MadeComfy has recently announced its expansion into the Canberra market. Currently operating across Sydney, Melbourne, Brisbane, the Gold Coast and Sunshine Coast. the short-term management specialist has found strong demand for quality accommodation in the nation’s capital, with occupancy rates among the highest in the country, consistently averaging between 80-90 per cent.…
Read More » -
Perth rents increase and sales set to follow
Perth has recorded its first increase in rental prices the Western Australian property market has seen since January 2017, and sales are predicted to follow suit with the market showing a strong gradual improvement over the last four months. According to the Real Estate Institute of Western Australia, Perth’s median rent increased to $360 per week in February. REIWA President…
Read More » -
Economy up 0.5 per cent in December quarter
The Australian economy grew 0.5 per cent in seasonally adjusted chain volume terms in the December quarter 2019 and 2.2 per cent through the year, according to figures released by the Australian Bureau of Statistics (ABS). ABS Chief Economist Bruce Hockman said domestic demand remained subdued with 0.1 per cent growth in the December quarter, while a pick up in…
Read More » -
Housing affordability down 2 per cent in December quarter
As interest rates continue to shrink on home loans, the ability for people to buy their own home has also reduced. According to the REIA Housing Affordability Report for the December 2019 quarter, affordability has declined another two per cent. In practical terms this means the proportion of income required to meet loan repayments has increased to 34.7 per cent,…
Read More » -
Movers and Shakers
New offices, brand expansion and experienced agents taking on fresh roles…it’s been a couple of weeks of movers and shakers. Here’s a quick run down of recent moves and changes across the country.
Read More » -
Take a stand for your health: VariDesk
According to the World Health Organization, the average adult spends about a third of their life at work, and in a sedentary era ruled by technology, chances are much of that is spent sitting. In real estate it’s no exception and it’s little secret that’s no good for your health. “The term ‘sitting disease’ is a phrase that is being…
Read More » -
Rising star appointed to lead Ray White Commercial
Ray White Commercial has appointed Andrew Freeman, who has been with the family group for 18 years, as the new Head of Agency Operations. Mr Freeman has had an illustrious career with the family-owned and led brand, and after sitting down with Ray White Group Managing Director Dan White, was convinced his next step would be into the commercial network.“I’d often…
Read More » -
MyDesktop acquired by Real Estate Investar to create “CRM of the future”
Domain has announced the sale of its customer relationship management product, MyDesktop, for $14 million to Real Estate Investar. Domain Group Chief Executive Officer and Managing Director, Jason Pellegrino, said the sale was a continuation of Domain’s objective to simplify and optimise the business, and deliver the best value to agents. “We recognise the importance of CRM systems to every…
Read More » -
Coronavirus fears force the RBA to cut rates to 0.5%
Fears that the coronavirus will weigh on both the local and global economies has forced the RBA to slash the official cash rate by 25 basis points to 0.5 per cent. The RBA made the decision to cut interest rates to a record low level in what is the fourth cut in 12 months. The unprecedented fallout from the coronavirus…
Read More » -
More regions in positive territory: Herron Todd White
More of the nation’s regions have progressed into positive property value territory, according to the latest findings from Herron Todd White. This week their market data indicates housing in Canberra and the New South Wales central west continues to sit at the peak of the property market, while Sydney, the Sunshine Coast, Gold Coast and Rockhampton are fresh faces on…
Read More » -
A familiar face opens Ray White Scarborough
The award-winning Ray White Aspley group has widened its presence in southeast Queensland with the opening of Ray White Scarborough. Director Robert Green will lead a team full of local area experts, and along with new stakeholders Stephanie Williams, Angela Duncan, Dwight Colbert and Paul Hodkinson, the team are thrilled to be able to offer their customers more exposure and…
Read More » -
House price rebound continues with new highs in sight
House prices across the country have continued to grow in value in February, with Sydney and Melbourne again the strongest markets in the country. According to the latest data from CoreLogic, median house prices across the combined capital cities jumped 1.2 per cent in February. Again it was Australia’s two major cities, Sydney and Melbourne that are doing the bulk…
Read More » -
RBA Survey: Coronavirus economic impacts just beginning
Experts fear the Reserve Bank of Australia (RBA) will need to take action in the wake of the COVID-19 (coronavirus), according to Finder. In this month’s Finder RBA Cash Rate Survey™, 39 experts and economists weighed in on future cash rate moves and the state of the Australian economy. Graham Cooke, insights manager at Finder, said 20 of those surveyed specifically…
Read More » -
Super Saturday lives up to its auction market promise
The busiest auction day of the year lived up to its name, with Super Saturday seeing 2,933 auctions in the capitals, delivering a preliminary clearance rate of 77.1 per cent.
Read More » -
Relationships in real estate in an era of PropTech
Over the last decade, PropTech has been changing the way the real estate industry operates, but at its core, property is about people. It’s always been said that real estate is a relationships business and even with the influx of PropTech firms that make transactions both easier and more transparent, buyers and sellers still need a certain level of human…
Read More » -
Rare Northern Beaches home finally hits the market
A new exclusive luxury contemporary five-bedroom residence by renowned Newport designer Ian Bennett, located in a prime position within Sydney’s highly sought-after Northern Beaches, is being offered to the market for the first time. The three-level resort-style home at 67 Edgecliffe Boulevard in Collaroy, known as Eagle’s Nest, is being marketed through Knight Frank’s Prestige Residential Sales Deborah Cullen with…
Read More » -
Adelaide Hills community rebuilding after the fire
Ray White Woodside owner Angus Campbell and his community in Adelaide Hills are just beginning the long journey to recovery after the devastating bushfires of recent months. If Mr Campbell’s name sounds familiar it is because he is the man behind the Beyond the Bricks campaign image of a smouldering tree looking out over a fire-ravaged landscape. When Mr Campbell took that…
Read More » -
PRD appoints new managing director
Todd Hadley has been appointed Managing Director of PRD, taking over from Tony Brasier who has been at the helm of the real estate company for eight years. With 13 years’ experience, including a background in stakeholder relations, Mr Hadley will lead PRD forward in day-to-day operations, driving the business forward into the future. “I am thrilled to take over…
Read More »