Real Estate News
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The Touma Team opens Ray White Office in Redfern
Sydney real estate agent Charles Touma has recently opened his new Ray White office in the diverse inner-city neighbourhood of Redfern. Mr Touma, who has maintained a presence in the area over his 17-year career, said he decided to step into business ownership because he sees huge potential in bringing the Ray White brand to Redfern and its surrounds. He…
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The worst could now be behind us: CoreLogic
CoreLogic has released the home value index results for April 2019, confirming that the decline in home values has lost some momentum over recent months. Dwelling values across Australia continued their downward trajectory in April, falling by half a per cent over the month to be down -7.2 per cent over the past twelve months, and -7.9 per cent lower…
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Coronis reveal plans to overhaul traditional model
Coronis has announced an overhaul of their business with a footprint model centred around 10 hubs throughout South East Queensland. Managing Director Andrew Coronis said the leadership team had been studying the rapid changes in the real estate industry and he believed the traditional corner real estate office model was dead. “If you look at businesses like Kodak, Blockbuster and…
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OBrien Real Estate expands its network
OBrien Real Estate has launched a regional model into its network with the addition of Judith Wright in Melbourne’s Phillip Island. The merge comes as part of OBrien’s new strategic regional model, which it plans to drive through key regions across Victoria. According to OBrien Real Estate’s General Manager, Jason Mudford, the company is giving independent brands the opportunity to…
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Ray White Double Bay parts ways with Gavin Rubinstein
Ray White Double Bay has parted with agent Gavin Rubinstein after ten years in the business. A statement from the company’s Managing Director, Elliott Placks, said there was no doubt that Gavin had left an indelible mark on the Sydney property scene in his career to date. “We have enjoyed watching Gavin and his team grow and develop over the years.…
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Hutton & Hutton New Farm add to the office family
New Farm boutique real estate agency Hutton & Hutton are keeping it all in the family with the addition of daughter Paris to the New Farm office team. Mr Hutton said he’s overjoyed to see his family working together to move the business forward and serving the community of New Farm. “I’ve been in real estate for 25 years, so…
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Belle Property Randwick welcomes new Director of Sales Nick Simitzis
Belle Property Randwick has announced the addition of agent Nick Simitzis as their new Director of Sales. Mr Simitzis has worked in real estate for over 20 years and says he was attracted to the brand because of its customer-centric values. “In real estate the egos are prolific, so it’s important that you are working with a brand that understands…
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LJ Hooker Avnu recruits Jason Georges to specialist team
Sydney agent Jason Georges has joined LJ Hooker Avnu on the Lower North Shore. Mr Georges has already signed a few new listings since joining the company and is excited to see where the new Avnu model takes his career. “The area has evolved […] and so has real estate. How real estate was transacted 10 years ago, even two years…
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Ray White Kawana expands to meet growth in their market
Just 12 months after opening the doors, Ray White Kawana has expanded to a larger premises to accommodate the growing local market. Directors Brent Higgins and James Goldsworthy’s new office is located in Birtinya and they credit a number of factors for their growth. “The relocation comes off the back of 12 months of success and records for personal bests…
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Catalano acquires regional mastheads from Nine
Nine Entertainment has announced the sale of its Australian Community Media (ACM) assets to former Domain CEO, Antony Catalano and Alex Waislitz of Thorney Investment Group. Mr Catalano and Mr Waislitz acquired 170 regional and country mastheads including The Canberra Times, The Border Mail, The Courier Mail, The Land and Queensland Country Life. The cash proceeds of the sale are…
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REIWA continues to push for Perth City Deal
REIWA is calling on all parties contesting the federal election to commit to prioritising a City Deal for Perth, if elected. REIWA President Damian Collins said since the Federal and Western Australian Governments signed a Memorandum of Understanding (MOU) to negotiate a City Deal for Perth back in April 2018, there has been no action. “We’ve been waiting for Perth’s…
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Game Day: realestate.com.au launches new sponsorship campaign
realestate.com.au has launched a new sponsorship campaign to support its wider AFL partnership. The Other Saturday Game was produced by sports and entertainment agency Octagon and highlights the role that sport and property plays as two of Australia’s great obsessions. The campaign features former Sydney Swans and Melbourne Demons coach Paul Roos, AFLW star and Channel Seven commentator Daisy Pierce and West…
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Brok Milligan’s 25 days of giveaways
Real estate agents today cannot afford to be ‘average’. In the business of helping sellers sell homes and buyers buy homes, an agent’s future is in delivering exceptional services. People’s experiences and the relationships you build with them… that’s what matters. RE/MAX New Zealand singled out RE/MAX Go For Sold agent Brok Milligan from a network of exceptional agents and…
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App developer turning house pictures into 3D models raises US$87 million dollars
San Francisco app developer Hover announce they have now successfully raised US$87 million to turn photos of houses into 3D models. The capital raised will go towards growing the company’s team and continue to develop the cloud-based platform, which takes smartphone photos of houses and creates a fully measured, customisable 3D model that clients can use to make estimations of…
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Coronis Bayside recruits veteran auctioneer to spearhead growth
Coronis has announced the addition of real estate veteran John Smith to the team to spearhead growth in their Bayside office as the new principal. Formerly the Director of Sales at Queensland Sotheby’s, Mr Smith was instrumental in growing their sales team, implementing their training program and listing many multi-million-dollar properties within Brisbane. Commenting on his new position, Mr Smith…
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Coronis welcome back two top performers
The Coronis Group is welcoming back two of its former agents with the return of Lincoln Tatnall and Brian Baker. Mr Tatnall has commenced at Coronis Arana Hills while Mr Baker has returned to Coronis Toowoomba after nearly two years away. Coronis Sales Area Leader Adam Empringham said he was delighted to welcome both men back to the Coronis family.…
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John McManus moves back to McGrath
McGrath has announced the acquisition of the business and assets, including rent roll, of a real estate business owned and managed by principal John McManus in Sydney’s Lower North Shore. The move is part of the company’s corporate strategy to maintain their presence in the lower north shore. Commenting on the purchase, McGrath CEO Geoff Lucas said the company was…
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Office space demand – through the roof in the ACT
Demand for office space in the ACT was 109 per cent higher in the first quarter of 2019 compared to the same period last year, according to Colliers International’s latest Office Demand Index. “Nationally, the strongest growth in demand was for office space ranging from 1,000 to 2,999sqm an the ACT definitely was not immune to this trend, recording a…
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WeWork and REA Group join forces to help more people work, their way
REA Group has announced a partnership with global shared workspace company, WeWork, to bring flexible, collaborative workspaces to Australians. The relationship will see WeWork’s Australian listings advertised across REA Group owned and operated commercial property sites, Spacely and realcommercial.com.au. Spacely will showcase all of WeWork’s 16 open Australian locations, including 120 Spencer St, Melbourne, and 50 Miller St North, Sydney.…
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Juwai.com partners with Archistar to launch Property Feng Shui Reports
Juwai.com has launched a new service in partnership with Archistar offering Chinese real estate buyers the option of analysing the floor-plans of potential acquisitions for Feng Shui. Archistar is an Australian Proptech startup, responsible for creating and operating a Feng Shui analysis feature that assesses floor-plans and provides insights and design recommendations. To celebrate the launch, Archistar conducted a Feng Shui…
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New office for RE/MAX on the Gold Coast
Danny Woolbank is forging a new path with global real estate network RE/MAX to launch his own agency on the Gold Coast. RE/MAX Property Centre opens at Broadbeach Waters in May. Mr Woolbank has lived on the Gold Coast since 1985 and is well-known to many through his family business, the Southport Squash Centre, and his professional squash career. A…
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LJ Hooker to increase regional focus with dedicated rural brand
LJ Hooker has announced its expansion into the specialist rural real estate market as it moves to service growing demand in regional areas. The division will be led by Ian Simpson, who has specialised in real estate and water sales for the past 15 years. L Janusz Hooker, Chairman of LJ Hooker, said now was the right time for the…
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REA Group announces strategic partnership with 58 Group in China
REA Group have announced a strategic partnership between their online platform Myfun and one of China’s leading online real estate listing platforms under 58 Group, Anjuke. The partnership will allow Myfun to further expand its footprint in mainland China, while enabling Anjuke to provide international properties to Chinese users. As part of the partnership, Myfun will syndicate Australian residential properties,…
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ATO to double the number of audits for rental deductions
Rental property owners are being urged to make sure their claims are correct, as the Australian Taxation Office (ATO) announces it will double the number of audits scrutinising rental deductions. In the 2017–18 financial year, more than 2.2 million Australians claimed over $47 billion in deductions. Assistant Commissioner Gavin Siebert said this year the ATO have made rental deductions a…
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RE/MAX holds its first Project Marketing Forum
RE/MAX Australia held its first Project Marketing Forum recently, with the aim of demystifying the project sector for real estate agents. Twenty-five agents from across Brisbane attended the Forum, with interests ranging from five-townhouse developments to large multi-level complexes and land subdivisions. The key speaker at the forum was John Lunney, Development Director at De Martini Fletcher, who was supported…
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Ray White QLD CEO recognises offices for Townsville flood response
Ray White Queensland CEO Tony Warland has congratulated multiple Ray White agencies around the North Queensland region for their work in the wake of the recent Townsville floods. Mr Warland said he was incredibly proud of the work put in by business owners, agents and property managers alike, and praised the resilience of the Townsville people. “People in and around…
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Professionals add some blue chip corporate experience to their marketing team
Professionals continues to build its internal team with the recent appointment of Alex Whitfield as Head of Marketing. Mr Whitfield has worked in strategic marketing and business development for over a decade and specialises in brand activation, lead generation and customer experience design. In the past, Mr Whitfield held the position of Marketing and Business Development Manager with the Australia-Israel Chamber…
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REA Group appoints new CFO
REA Group have welcomed Janelle Hopkins to the team as their new Chief Financial Officer. Ms Hopkins previously held the position of Group Chief Financial Officer at Australia Post and will begin her new role on 3 June. Ms Hopkins will be replacing Owen Wilson who stepped into the role of CEO with REA Group in January. Speaking to The…
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Quantity Surveyor data challenges validity of Labor’s negative gearing assumptions
New data released by MCG Quantity Surveyors is claiming the Labor Party relied on incorrect assumptions in formulating its negative gearing policy. According to the data, Labor’s assertions on the percentage of investors buying new homes were grossly understated and call into question the party’s revenue projections. “Shadow treasurer Chris Bowen has suggested new-buy investors comprised anywhere between four and…
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New research suggests too many bidders at auction is demotivating
People bid less in auctions that have more bidders, new research suggests. Economists from the University of Sydney and the University of Technology Sydney (UTS) have released the results of a new study suggesting that the more bidders there are in an auction, the less each bidder thinks they have a chance of winning. Published in the latest issue of…
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Ray White is warning WA owners and property managers of potential ticking time bombs
Ray White Rural Albany is encouraging property managers and clients to inspect flexible hoses following reports of flooding in homes in Western Australia’s port city of Albany due to issues with flexible hoses. The most urgent cases include flexible hoses under bathroom and kitchen and kitchen sinks. “We’re checking all our properties now during inspections, as well as creating jobs…
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Strong demand and low unemployment provide a positive property outlook
The latest property outlook from realestate.com.au indicates that the current market downturn is ‘far from the worst we’ve experienced’. Some uncertainty for buyers and sellers will continue in the lead up to the Federal Election whereby a Liberal win should see stability for the market, but a change in government would continue to see values fall along with above market…
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LJ Hooker Avnu launches digital platform
LJ Hooker Avnu has launched a new platform aimed at making the buying and selling process smarter and more transparent. The platform provides vendors and landlords with real time data about web traffic, buyer feedback and comparative listings and sales and agent activities related to the sale of their property. According to L Janusz Hooker, Chairman of LJ Hooker, the…
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Ray White study shows principals earn more than the benchmark
LEADERSHIP and dogged determination are what the company say underpins a new Ray White achievement. According to a recent study principals earned 76 per cent more than their Australian industry peers in 2018. Ray White reviewed the 2018 financial year results for 269 of its own Australian businesses and then compared it The Australian Benchmark Report (Real Estate Agents 2018),…
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Realmark Agent takes on WA’s QV1 Building to raise funds for charity
Realmark North Coastal agent, Ian Masterson has his sights set on the community as he prepares to abseil down WA’s highest single pitch building the QV1 to raise funds for the Cancer Council. Mr Masterson explained this undertaking had personal significance for him saying this year his focus is on giving back to causes and charitable organisations that are close…
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