Real Estate News
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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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Brisbane Skytower’s ‘The Horizon Collection’ released to market
The most exclusive residences in Brisbane’s tallest tower have been launched to the market, with potential buyers now having the opportunity to view the homes for the first time. The Horizon Collection in the landmark 90-storey Brisbane Skytower in the heart of the CBD consists of 43 two and three-bedroom luxury residences and four penthouse…
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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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Report hopeful for future of real estate despite record low listings
An influential property figure has accused state governments of being “addicted to the revenue” they receive from stamp duty and fees, resulting in record low listings across the country. John McGrath this week released the McGrath Report 2020, in which he claimed upgraders in big cities were paying close to $100,000 in fees and “absurdly…
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Open for a haunted inspection
US-based real estate platform Bungalo is taking Haloween to the next level and will offer Paranormal Inspection Reports, as a part of its home inspection process for the month of October. Bungalo will be offering the special reports alongside its standard 160-point inspection. Every home for sale on the Bungalo platform in Charlotte, Dallas and…
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Harcourts expands in Perth region
Alex Dabag and John Tran have a combined 26 years of real estate knowledge in the northern region of Perth have opened the latest Western Australia franchise, Harcourts Initiative. Alex Dabag and John Tran have a combined 26 years of real estate knowledge in the northern region of Perth. And with a considerable refer and…
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Cairns real estate ‘king’ sells RE/MAX business
Tony Williamson, the man often referred to as 'Cairns' king of real estate' yesterday finalised the sale of his highly successful agency to brothers Ray and David Murphy. Ray Murphy, who joined Mr Williamson's RE/MAX Real Estate Services more than a decade ago, is Cairns' number one real estate agent.Since his start as an 18-year-old…
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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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REIWA welcomes changes to protect children from toppling furniture
REIWA and its members are delighted that the Consumer Protection Legislation Amendment Bill 2018 has been formally passed which amends the Residential Tenancies Act and allows renters to fix furniture to walls. REIWA President Damian Collins congratulates the government for passing this critical piece of legislation and commends them for listening to the concerns of the real estate industry…
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Leah Calnan takes the reigns at REIV
Leah Calnan has been elected as the new president of the Real Estate Institute of Victoria, for the 2019-2020 term. Ms Calnan has served as Vice President and Senior Vice President over the past two years and replaces Robyn Waters, who stepped down following a successful term as President. Ms Calnan is a titan of the property management and rental…
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McGrath grows its Sydney northside footprint
McGrath Limited(ASX:MEA) today announced that top real estate professionals, Craig and Sharon Ireson would join McGrath located in Sydney’s Castle Cove region of the North Shore. CEO Geoff Lucas said that this was another important move for the company. “This illustrates our commitment to the continued expansion in such an important market. We regard the…
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RE/MAX U takes on Sydney
Two experienced real estate agents have joined RE/MAX to expand the global brand’s presence in the Sydney market. Cooper Wang and Sam Girgis are on the RE/MAX U team, a sales agent-focused framework that helps agents transition into business ownership. RE/MAX Australia Director Josh Davoren said RE/MAX U was a specialised unit within the network…
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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 business expenses with Qantas Points.…
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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,” stated HIA Managing Director, Graham…
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Ray White Plympton relocate to Glenelg
The highly successful and experienced team at Ray White Plympton have officially commenced trading at their new home in the heart of Glenelg. Located in one of Adelaide’s most dynamic real estate markets, Ray White Glenelg’s new directors Adam Keane, Matt Dickinson and Justin Kurenda are excited about the opportunities this relocation will bring to the business. “Ray White Glenelg…
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Real estate team celebrates new home
Clients, real estate peers and business associates attended a celebratory event this month at RE/MAX ACPA’s new premises in Williams Landing, a suburb 19 kilometres south west of Melbourne’s CBD. Leon Lee and Jason Chen The iconic RE/MAX balloon and bright RE/MAX colours are prominent at the new office, which broker owner Leon Lee says will provide a more convenient…
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Belle Property Samford under new leadership
Belle Property Samford is under new leadership with highly rewarded Leigh Hutton taking ownership of the South-East Queensland based business. Leigh, who has been working as a sales agent at Belle Property Samford since 2017, plans to build on the strong track record of the business, while finding new and innovative ways to service its…
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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 to the latest CoreLogic data.…
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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. Over the coming months, we’ll…
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Top local agents open Ray White Pomona Hinterland
Successful operators, Phil and Sam Hargrave have opened the new Ray White Pomona Hinterland in the heart of their local market on the Sunshine Coast. With over 30 years of real estate experience between them, Phil and Sam are a welcome addition to the Ray White family. They have both formed strong relationships with their local community and believe this…
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A move that signals the new dawn for McGrath
McGrath Limited (ASX: MEA) has moved their Corporate Headquarters to a 1,745 sqm office space in Pyrmont, as an important pillar in its turnaround strategy. In line with this move, it has also rebased its sales and property management teams previously operating out of its former Edgecliff location to both Double Bay and Surry Hills.
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NGU Real Estate goes platinum with launch of 10th office
NGU Real Estate is celebrating the launch of its 10th office within just four years of operation with the opening of NGU Real Estate Platinum in Brisbane’s booming western corridor. The new office, based in the heart of the family-friendly suburb of Jindalee, is headed up by Centenary Suburbs experts Chris Foenander and Helen Saba. “Helen and I are very…
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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 banks, and non-bank lenders,Considering how…
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Where are the strongest yields for investors: Herron Todd White
While new investors are almost always initially drawn to the potential for a property to generate significant capital gains, savvy investors have long been on the hunt for yield. Generating cash flow through strong rental returns might not be as exciting as picking the next hotspot, but it forms a strong foundation for many investors in the current market, given…
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Husband and wife team take the reins at Raine & Horne North Lakes
Experienced sales agents Tony and Nadine Wilkie are the new principals of Raine & Horne North Lakes, following an approach from former owner Gina Wells. Ms Wells, who commenced with Raine & Horne in 2002, will continue to lead the successful Burpengary and Morayfield offices. Mr Wilkie, who started in real estate in 2009 after…
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$320,000+ donated in support of sick kids
First National Real Estate's ongoing support of Ride for Sick Kids has seen the member-driven cooperative network now donate in excess of $320,000 as part of its community sponsorship programme, with the support of First National Foundation. The network has supported the excellent work done by Ronald McDonald House Charities for more than six years, and this year's…
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Longstanding beachside specialist joins LJ Hooker
Longstanding beachside property specialist Perry Brosnan has made the move to LJ Hooker as part of its relaunched Mermaid Beach agency. With almost two decades in the industry, Mr Brosnan has sold more than 600 properties in the sought-after strip between Mermaid Beach and Miami. His prestige experience spans more than 70 sales along Miami’s…
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REIWA award-winning Peter Clements and his team join Eview Group
Hot on the heels of winning REIWA small residential agency of the year and personally taking out the title of residential salesperson of the year, Peter Clements and his team have joined the Eview Group. Thrilled with the recent accolades, Mr Clements said he was honoured to be recognised with awards that illustrated his team…
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NSW: Short-term rentals and changes to regulations
The short-term accommodation market, including renting property through platforms like Airbnb and Stayz, has proved lucrative for many property owners in NSW. Sydney ranks as one of Airbnb’s top 10 cities for most properties on the platform and NSW accounts for about half of the $31.3 billion the short-term industry was estimated to be worth nation-wide in 2016. Changes to…
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New agency combining innovation and customer experience
In a short period of time, Edward Smyth and has made a big name for himself in real estate on the Gold Coast. So much so that he and his business partner Karen Stewart have recently launched their own agency, Stewart & Smyth. Karen and Edward met when Karen sold Edward a house. The pair clicked instantly and decided they…
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Ray White Apartment Collective puts dozens under the hammer
More than 40 properties across Queensland, Victoria and Western Australia will go under the hammer between 14-18 October for Ray White’s second Apartment Collective. The initiative is designed to create competition across certain capital cities in Australia with one of the leaders of the Collective, Ray White Network Performance Executive Benjamin Burling, calling the event “a point of difference”. “The…
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Australia’s six-star family estate for sale
Australia’s unrivalled six-star luxury riverfront property is on the market in Perth. The resort-style oasis at 89 Watkins Road, Dalkeith is famed for its impeccable lush grounds complete with orchards, tennis court and picture perfect 25m swimming pool. The 6406sqm estate is spread over six titles on a quiet cul-de-sac, overlooking the Swan River in Perth’s prominent waterside suburb of Dalkeith. The…
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Proposed land tax changes would “devastate” SA market: REISA
The Real Estate Institute of South Australia (REISA) has made a submission to the State Government expressing deep concerns about proposed changes to the land tax regime, which it believes would cripple the SA market. The submission is a culmination of results of REISA’s Land Tax Member Survey and reaction by its members, who represent a broad range of property…
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REIWA launches plan to boost WA’s economy
The Real Estate Institute of Western Australia has launched a six-point plan to attract buyers and investors back to the market following a dramatic decline in sales activity. The plan includes changes to stamp duty, reintroducing first home owner grants, and revoking the foreign owner duty surcharge. REIWA President Damian Collins said sales activity fell from 89,000 in 2005 to…
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