Real Estate News
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Coronis Group appoints new CEO with a vision for growth
Karuna Mazzocchi has been appointed as the new chief executive officer for Coronis Group, bringing with her a keen desire to pivot and grow the business and its people.
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PMLR to help property managers develop culture and look after themselves in 2023
Personal growth, mental wellbeing and developing a strong culture will be the focus at the 2023 Property Management Learning Retreat (PMLR).
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SVB collapse could be good for Aussie home owners
The collapse of Silicon Valley Bank in the US could spell good news for Australian mortgage holders, with one expert saying the RBA could pause interest rates as a result.
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Introducing the AREAs finalists for 2022
REA Group has today announced the 2022 Annual REA Excellence Awards (AREAs) finalists, with winners set to be announced at a national event on Thursday 27 April.
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The Sydney suburbs bucking the trend with double-digit growth
Despite property prices declining across Sydney over the past 12 months, a number of suburbs have seen double-digit capital growth with values potentially “bottoming out”.
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Vanderbilt mansion spanning two towns sells for $8 million
Vanderbilt Berkshires Estate, one of the most iconic homes in the famous Berkshires in Massachusetts has been sold to a real estate developer for US$8 million and is slated to be turned into a luxury resort.
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New Zealand’s high-end properties have fallen in value by up to $300,000
New Zealand’s wealthiest suburbs are being hardest hit by the current market slowdown, with values falling by up $300,000 in some suburbs.
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Ray White Real Estate of Origin nets 6600 appraisals in less than a day
Ray White’s 11th Real Estate of Origin call-a-thon hit a new level this week, with more than 6600 appraisals booked across Australasia. Powered by the group’s PropTech platform, NurtureCloud, the four-hour blitz saw Queensland win bragging rights, with 2786 appraisals booked, followed by New Zealand with 1507 appraisals scheduled. NurtureCloud uses machine learning, data automation and market intelligence to help…
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How three mates started their own agency and simplified their lives
I’m sure you’ve heard the story that being the principal of a real estate agency can be hell.
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Australia has taken a ‘light touch’ with Airbnb. Could stronger regulations ease the housing crisis?
The current housing crisis has renewed debates about how to regulate short-term rental platforms such as Airbnb.
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Richardson & Wrench appoint new Head of Network Growth
Jacki Williams, the newly appointed Head of Network Growth for Richardson & Wrench, grew up literally dining out on real estate. Her family has been in the business for most of her life, so property has been a common topic of conversation around the dinner table. “I learnt early on to love the thrill of negotiation; the back and forwards…
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Rental rates soar to new heights
Weekly rent for a three-bedroom house in Brisbane has experienced the highest annual increase this century, with little relief in sight for renters according to fresh data.
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Real estate agency ordered to pay after advertising mislead buyer on air-conditioning
A Melbourne real estate agency has discovered the hard way that it pays to get your listing copy right after being ordered to pay more than $6000 to a vendor who bought a home on the assumption it had refrigerated cooling.
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The real estate fallout from the Silicon Valley Bank collapse
Silicon Valley Bank, America’s 16th largest bank and a large source of funding for some prominent PropTech companies, has been dramatically shut down by regulators after depositors began pulling out their money.
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Awards flow for RE/MAX Revolution
The Shailer Park real estate team took major awards at RE/MAX Australia’s annual gala awards event held on 16th February at Brisbane City Hall, with individuals and teams, agents, administrators and property managers all receiving accolades.
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Professionals Granger Clark Real Estate on the past 12 months with RiTA
There is gold in every database. For Matt Condit, Licensee and Principal at Professionals Granger Clark Real Estate, having RiTA engage with their database was a huge game changer.
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Property values higher than before the pandemic
National housing values are still 14.8 per cent higher than they were at the start of the Covid pandemic, despite recent property value falls.
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The Caple Team joins RE/MAX Bayside Properties
RE/MAX Bayside Properties has added the highly-decorated Caple Team to its line-up as Hayley Van de Ven’s Limitless Group goes from strength to strength.
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PropTech is not something for agents to fear
Technology is continuing to change the way real estate agents operate, but the huge increase in new PropTech should be seen as an opportunity and not something to fear, according to an expert.
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How to perfect your prompt writing for ChatGPT, Midjourney and other AI generators
Generative AI is having a moment. ChatGPT and art generators such as DALL-E 2, Stable Diffusion and Midjourney have proven their potential, and now millions are wracking their brains over how to get their outputs to look something like the vision in their head.
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Auctions dip with public holiday, but tipped to rebound next week
Auction volumes and clearance rates took a bit of a dip over the weekend with a public holiday on Monday in four of the eight states and territories to blame, according to experts.
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City vacancy rate drops below regional areas
The national vacancy rate has fallen to just 1.47 per cent, less than half the level seen before the pandemic, according to the latest PropTrack figures.
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Deborah Evans takes out global network’s top career award
Deborah Evans’s name is well known in the real estate domain, both in the industry and her marketplace.
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Urban & Rural Partners clocks up a year of success with the Agents’Agency
Looking back on his first year with the Agents’Agency, Adelaide auctioneer and sales agent Nigel Christie only has one regret – he wishes he’d done it 10 years ago.
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Investors seek hotels after near record year of transactions
The $575 million sale of Australia’s first Waldorf Astoria Hotel is evidence investors are continuing to turn to hotel assets following a bumper year of transactions in 2022.
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Foreign investment is down, but for how long?
Foreign investment in Australian real estate fell over the last quarter, but a recent uptick in enquiries from Chinese buyers suggests the downturn will be short lived.
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February listings rebound as Autumn selling season approaches
New property listings increased by nearly 25 per cent over the month of February, though they remain below 2022's strong levels.
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House prices: why this key figure is more important than mortgage rates
Population growth has a far bigger impact on property prices than mortgage rates, according to a new report from Domain.
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The three things it takes to sell property in 2023
While mainstream headlines may indicate the current property market is somewhat turbulent, Market Buy CEO John Hellaby says the deals that are getting done, are getting done by agents who are getting the recipe right.
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Entry Education expands and sets a new pace in NSW
Australia's largest real estate academy, Entry Education, is expanding its operations in NSW.
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RBA Governor indicates a rates pause could be on the way
Reserve Bank of Australia Governor, Philip Lowe, has given his strongest indication yet that a rate rise pause is on the cards.
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Dean and Stephanie Dank open with Explore Property in Townsville
Long term high performing Townsville agents Dean and Stephanie Dank have stepped into their own Explore Property agency in Townsville.
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The simple fixes clients can make to help their listing stand out
It's an age old problem: You want your sellers to do everything they can to make their property stand out, but you don't want them to overcapitalise and risk losing money. Getting the answer right is even more important in a slowing market.
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Fair Trading to start attending OFIs from late March
NSW Fair Trading representatives will begin attending rental inspections from late March to ensure compliance with new rent bidding laws, the government has confirmed.
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Agent warns of the risk of overpricing rental properties
Brisbane-based real estate agency Place Sunnybank has drawn attention to the risk of landlords overpricing their properties in a post that's gone viral online.
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