Real Estate News
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Balance between renters and landlords needed in rental law reforms
The REIQ welcomes the Open Doors to Renting Reform consultation, which forms part of the Queensland Government’s Department of Housing and Public Works (HPW) ongoing review of the Residential Tenancies and Rooming Accommodation Act (2008). A snap poll on the Open Doors to Renting Reform website asked: “Would a pet bond help tenants and property owners reach agreement around keeping…
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Damian Collins elected new REIWA President
The REIWA Council has elected Damian Collins as the Institute’s new President. Following Hayden Groves’ announcement last week he would be finishing his term as President, the 2018-19 REIWA Council met on Thursday 4 October and elected Mr Collins to the Institute’s top position. Mr Collins has served on the REIWA Council since 2011 and as Deputy President since 2015. He…
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Banking Royal Commission releases interim report: What you need to know
The Royal Commission released their interim report last week from the investigation into Misconduct in the Banking, Superannuation and Financial Services Industry. The report has called into question how buyers are assessed for loans and is likely to mean serviceability will continue to tighten. The report also called ASIC into question for failing to police the banking sector and highlighted…
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Ray White Commercial welcomes Phil Zoiti to the team in Perth
Ray White Commercial (WA) is pleased to welcome hospitality and tourism property mogul Phil Zoiti to their team in Perth. Mr Zoiti, who was born and bred in the small Western Australia country town of Merredin and has more than two decades’ experience in the industry, joins as Hotel and Tourism Associate. He said he was delighted to join the…
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Beepo and Rockend partner to provide accreditation for offshore employees
Adequate training is usually one of the biggest challenges in implementing offshore teams. One of the main issues has always been the struggle with a large number of unique software products along with legislative and geographical knowledge requirements. But Beepo has recently decided to tackle this challenge head-on by partnering with Rockend to develop trained resources, otherwise known as ‘Rockend Property…
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Majority of NSW markets in decline as SA and QLD heat up in October 2018: Herron Todd White
The October 2018 issue of the Month In Review report from independent property valuation and advisory firm Herron Todd White shows that the majority of markets in New South Wales are either at their peak or declining, while Brisbane and Adelaide are still on the rise. Residential According to the firm’s Residential Property Clock, NSW’s North Coast region, including Coffs…
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October 2018: Interest rates on hold – industry reaction
Yesterday (2 October 2018) the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 24th consecutive meeting. “Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low,” says RBA Governor Dr Philip Lowe. “Growth in credit extended to owner-occupiers remains robust, but demand by investors…
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Bubble Index 2018 suggests risk appears greatest in Hong Kong
UBS Global Wealth Management’s Chief Investment Office have released The UBS Global Real Estate Bubble Index 2018, indicating ‘Bubble risk’ or a significant overvaluation of housing markets in most major developed market financial centres. According to the report, ‘Bubble risk’ appears greatest in Hong Kong, followed by Munich, Toronto, Vancouver, London and Amsterdam. The study has also found imbalances in Stockholm,…
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Queensland becomes next state to face widespread rental reforms
The Queensland Government has announced a state-wide consultation to be followed with reforms to residential tenancy laws for renters and property owners. The consultation began on 30 September and will involve renters, landlords and real estate agents being contacted and asked for their views around the changing market and how successful the current system is. The reviews of the 40-year-old…
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Ray White Rural stock camp prepares next generation of livestock agents
The next generation of livestock and station agents have travelled hundreds of kilometres and from several states to attain their first accreditation for a job in the industry. Stock Camp, hosted by Ray White Rural and sponsored by Fairfax, SocietyOne and Brand Territory, was held at Charles Sturt University in Wagga Wagga. Over three days, 33 students from Rand, Mt…
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Hayden Groves finishes his term as REIWA President
At REIWA’s 100th Annual General Meeting, held at Fraser’s Restaurant in Kings Park on Tuesday, Hayden Groves announced he would be finishing his three-year term as President on Thursday 4 October. Mr Groves, who will remain on the REIWA Council, was elected as President in 2015, having served on the Council since 2010. “The past three years have been extremely…
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REINSW recognises outstanding achievements at 2018 Awards for Excellence
The Real Estate Institute of New South Wales has announced the winners of its 21st annual Awards for Excellence at a Gala Dinner at Sydney Town Hall. REINSW President Leanne Pilkington said the best, bravest and brightest work across the industry was recognised. “The 2018 REINSW Awards for Excellence highlighted the industry’s biggest successes and most outstanding achievements across ten…
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“Legislative and regulatory disaster”: REINSW hits out at NSW Fair Trading
With a public letter of resignation, the Real Estate Institute of New South Wales has resigned from the Real Estate Reference Group and their position of providing real estate consultancy services to NSW Fair Trading. “Throughout the term of RERG, NSW Fair Trading has exhibited a demonstrable obedience to misguided philosophical views which have impeded, or entirely restrained, many beneficial…
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Danielle Jobling joins the team at Cairns RE/MAX
Real estate has been part of Danielle Jobling’s life, and her passion, for more than 25 years, and she has sold in the Cairns Northern Beaches property market for more than half of that. Now as part of Cairns real estate identity Tony Williamson’s RE/MAX team, Ms Jobling will dedicate her energies to real estate sales in that very familiar…
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What it Takes 2.0 Brings Together the Best in Industry
Australia’s real estate professionals are teaming up for the biggest training day of the year – What it Takes 2.0. Held at The Venue Alexandria on Friday, 26 October, ‘What it Takes 2.0’ is hosted by Ray White’s number one agent Gavin Rubinstein, who is bringing together some of the industry’s biggest and most respected names for one day of…
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Christchurch One Agency office partners with Realforms
The first house sale and purchase agreement in the world without pen touching paper has been finalised in New Zealand. The sale and purchase agreement was drafted, e-signed, negotiated, edited, accepted and finalised for a residential property in Christchurch, New Zealand, without touching a single piece of paper or a pen. Michael Morris of One Agency Morris Properties in Christchurch…
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Kay & Burton celebrate 80 years in the industry with future set on AI technology
Leading Victorian real estate agency Kay & Burton is celebrating 80 years of innovation in the industry with a look to how the future is set to change when it comes to buying and selling property. New technology is launching faster than ever before and the last decade has seen the explosion of the internet and social media in property…
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New Zealand real estate agents rate highly with sellers: CoreLogic
CoreLogic has released the 2018 Perceptions of Real Estate Agents Report, from a nationwide survey of homeowners, with all regions represented. The findings show that agents are rated as excellent practitioners of their craft in New Zealand, with high scores in presentation of properties, marketing materials and sales patter, and the majority (64 per cent) of vendors reporting as receiving…
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hockingstuart raise over $94,000 for Connor’s Run
Victorian real estate agency hockingstuart are very proud to have raised over $94,000 for Australia’s largest fundraising event for paediatric brain cancer, Connor’s Run. Connor’s Run has raised millions of dollars since its first run in 2013. It’s a cause that’s close to the hearts of everyone at hockingstuart, with 205 team members participating in the event which was held on 16th…
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Ray White QLD supports state’s strawberry growers
It was a sweet start to the day for Ray White Group Head of Performance Management Adam Downes, who took to the stage in the heart of Brisbane’s CBD to call the auction of a tray of Queensland strawberries. Today’s Smash a Strawberry Sundae event, hosted by The Prince Charles Hospital Foundation, was designed to raise money and offer support…
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Coronis makes strategic appointment to Area Leader position
South-east Queensland property services group Coronis has announced Chris Rhode as their new Sales Area Leader, following the recent promotion of Adam Empringham to Sales Director. Mr Rhode has worked with Coronis for more than four years now. In the past three years, in addition to selling, he played an instrumental role in turning Coronis North Lakes into one of the…
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Coldwell Banker announces iBuyer product to level the playing field
Realogy Holdings Corp (NYSE: RLGY) announced a partnership with Home Partners of America’s subsidiary, cataLIST, to offer a ‘quick-sale’ program via NRT’s Coldwell Banker brand in selected markets in the USA. This would allow their agents access to a similar model to compete with iBuyer or ‘quick sale’ programs already in the market. Through the cataLIST Program, an owner of a…
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Colliers International appoints new Head of NSW Residential
Dennis Vertzayias has joined Colliers International as National Director, Head of Residential NSW Project Marketing. With over 30 years’ experience in the property industry, primarily in the new developments and project marketing sectors, Mr Vertzayias has successfully represented some of Australia’s top institutions and private developers, overseeing a pipeline of more than $7 billion in new projects primarily across Sydney…
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Harcourts National Conference named a finalist in Australian Event Awards
Harcourts Australia National Conference has been confirmed as among the best events in the country with the announcement of National and State Finalists in the 2018 Australian Event Awards. Recognised as a world leader in real estate events, the Harcourts National Conference is a defining three-day experience both across the franchise network and throughout the real estate industry. The Conference…
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REA Group announces finalists for 2018 Annual REA Excellence Awards
REA Group has today announced the finalists for this year’s Annual REA Excellence Awards (AREAs), to be held in Sydney on Thursday 15 November 2018. The AREAs honour the most innovative, community-minded and highest-achieving individuals and businesses across the property and media industries. Twenty-one awards will be presented across the three categories of Innovation, Service and Marketing Excellence, and Community.…
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ProProperty Group launches with longstanding directors leading the charge
Nick Sworder and Christopher Tana, the directors of Homestead Realty and Martino Property Group, have joined forces to launch ProProperty Group. The new brand takes advantage of the existing experience of Mr Tana and Mr Sworder and combines it with a contemporary business model and a focus on client experience. The directors share a similar vision for the future of…
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McGrath adds new team to strengthen its presence in the Hunter Valley
McGrath Estate Agents, a division of McGrath Limited (ASX:MEA), has reaffirmed its commitment in the Hunter Valley market by opening a new office in Cessnock. McGrath Founder and Executive Director John McGrath said, “The Hunter Valley is a sought-after lifestyle destination and an important market for McGrath. While we have operated in the Hunter area for several years now, we’re…
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Coronis bolsters Springwood team with in-demand agent
Coronis Springwood’s sales team has been bolstered by the addition of sought-after local agent Rowena Gill. Coronis Area Leader Anthony Hunt said he was delighted Rowena had joined the team and she was a welcome addition. “Rowena is one of the most respected and popular agents in Kingston and Logan, having spent most of her life living in the area…
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Amber Werchon Property opens new premises in Nambour
Amber Werchon Property has opened a new premises in the heart of Nambour in Currie Street. The new, larger office of the award-winning property company will operate as a sister site to the primary office in Mooloolaba. As the business continues to grow, and with an increased number of sales made by AWP in the area, expanding the current Nambour location…
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Domain appoints new Director – Corporate and Enterprise
Domain Group (ASX: DHG) has today announced that Jon McConkey has been promoted to Director – Corporate and Enterprise. In his new role, Mr McConkey will be responsible for managing and consolidating relationships with corporate partners for Domain’s residential and enterprise divisions. He will also drive greater exposure to data-driven insights and Domain’s property cloud proposition, reporting to Tom Ainsworth,…
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NSW rental laws set for biggest reform in two decades
For the first time in more than two decades, NSW rental laws are set for a massive shakeup. Major changes include limitations on rental increases and set fees for breaking a fixed-term lease. The reforms also look to bring in no penalties for domestic violence victims who break a lease. Other changes include minimum standards being introduced around access to…
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Eight offices join the new-look C21
Century 21 Australasia opened their latest office in Mosman, New South Wales at the beginning of September, marking the organisation’s eighth new office opening in recent months. Experienced professional Joe Akle will lead Century 21 Living in the world-renowned area of Mosman. C21 Elite, led by principals Chris and Kerry Hatzianestis, will service clients in the busy areas of Kogarah, Erskineville,…
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The Agency opens in Coffs Harbour with Philip Talbot at the helm
Philip Talbot is set to bring his unique level of service in Coffs Harbour to The Agency, with an impressive nine listings and a significant pipeline over the coming weeks. In the last two years, Philip Talbot has sold more $1 million + properties than any other agent in the area, taken the record for the highest off-market sale at $1.8…
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Harcourts Partners with The Global Challenge in South Africa
Harcourts South Africa has partnered with The Global Challenge – an international professional women’s golf team event – where nine players selected to represent the Northern Hemisphere will be teeing up against their counterparts from the Southern Hemisphere. The event is set to be hosted for the second time from 9-11 November in Hermanus, South Africa. For the first time…
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Starr Partners announces strategic partnership with mortgage broking company
Starr Partners, a network of 31 offices across New South Wales, has announced an exclusive home loan partnership with mortgage broker Shore Financial. Adding residential mortgage broking services to its offering, Starr Partners agents will now provide broader property-related services by referring clients with financial needs to a dedicated team of more than 50 home loan specialists. Established in 2013,…
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