VIC Real Estate News
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Victoria braces for record auction weekend
The previous record for auctions held in a single weekend was set in November 2015 when 1,712 auctions were held. A remarkable 1,826 auctions are scheduled for this Saturday alone with around 75 auctions being held on Sunday, including the five Block properties. In total, 1,935 homes will go to auction this week with high auction volumes in Camberwell (29…
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Richard Simpson elected REIV President for 2017-18
He has also provided extensive input to a number of Institute committees, serving as Commercial & Industrial Chapter Chair for three years and Members Council Chair for two years. Mr Simpson is a partner in the family business W.B. Simpson & Son, located in North Melbourne with a history dating back over 145 years and both his father and grandfather…
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Melbourne house price growth moderates as policies show positive impact for first homebuyers
New REIV data shows the metropolitan Melbourne house price recorded its lowest increase in almost two years, up just 0.7 per in the September quarter to $817,000. REIV Acting President Richard Simpson said the moderation was attributable to 44 per cent of all sales in the September quarter being below $600,000. “In the June quarter we saw vendors with houses…
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Victorians respond positively to Andrews’ government announcement to improve tenant rights: Rent.com.au survey
A Rent.com.au survey has found that the Victorian government’s proposed changes to improve tenant rights are welcomed, but 85 per cent of renters still think landlords are ‘too powerful’. The Rent.com.au Changes to Victorian Tenancy Law Survey drew responses from Victorian-based renters and revealed that 81 per cent of renters feel the changes are ‘positive and long overdue’. The survey focused on…
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Barry Plant celebrates top acheivers with Awards of Excellence
Louise Carrigg, Principal of Barry Plant Heathmont and Ringwood offices fought off a number of highly experienced auctioneers to claim the 2017 title of Senior Auctioneer of the Year. Ms Carrigg is the first female to be awarded the title in the history of the Barry Plant Group. Other notable winners include: Sarah Fraser, Chari Emirzade, Ned Nikolic and Alan…
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Ray White opening in Forest Hill, Melbourne
He believes the timing is right to open in Forest Hill which is undergoing strong renewal. “Forest Hill is undergoing a renewal so the timing is right to open. The market has had a strong run for the last couple of years and Forest Hill is 71 per cent owner occupiers, with many older families looking to downsize,” Mr Francis…
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Andrews Government in Victoria promises to make renting ‘fairer’ for tenants
In a media release yesterday, the Andrews Labor Government has promised to make renting “fair” with “an unprecedented package of tenancy reforms” in response to a review of the State’s Residential Tenancies Act. Right now, more than one in four Victorians rent their home and that number is increasing as it becomes more difficult for Victorians to break into the…
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OBrien Real Estate opens two new offices and relocates corporate headquarters
OBrien Real Estate will open its 21st office next week at Tecoma to service the Dandenongs in the Yarra Ranges and Cardinia Shires. OBrien Real Estate Tecoma/Belgrave/Olinda will be under the leadership of Rebekah Whittaker. The group will open its 22nd office in Wantirna South on October 20. Under the leadership of Geraint Gardner, Nicole Gardner, Dean O’Brien and Neo…
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Stockdale & Leggo win People’s Choice “Stevie” award
The award is in addition to the Gold Stevie Award that the group won in August after being judged by 200 executives worldwide who participated on 12 juries. Stockdale & Leggo has over 70 offices throughout Victoria, New South Wales, Queensland and the Northern Territory and were delighted to take out the real estate category for the People’s Choice “Stevie” Award…
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How can agents effectively use social media marketing?
Leading an auction in front of over 2 million viewers isn’t something many real estate agents experience over the course of their career. But, for Daniel D’Assisi at Noel Jones Doncaster, who was selected to sell the Block property of Sticks and Wombat, it’s exactly the audience size he can expect on Auction Day. Real Estate Bookings who help connect…
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How much is a postcode worth? REIV looks at price differences within suburbs
Buyers are often encouraged to purchase the worst house in the best street, but new REIV data suggests the postcode may be worth more than the street name – up to $836,000 more to be exact. In the year to June 30, homes on Beach Rd experienced the largest price discrepancy between postcodes with apartments in Hampton recording a median…
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Stockdale and Leggo partners with Deloitte Private to deliver a training and development program for franchisees
The curriculum of the Ignite Program will be designed to challenge franchisees to take the next step in their businesses and to raise the bar in how franchisors can service their franchisee group. “Stockdale & Leggo is incredibly excited about working with Deloitte Private to deliver this internal training and development program, which has been designed to strengthen the…
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Barry Plant Croydon under new leadership
Matthew has been the director Of Barry Plant Lilydale for 11 years and takes over ownership of Barry Plant Croydon in the neighbouring suburb from Geoff Thompson, who has owned and operated the office for almost 30 years. Geoff will still be involved in the business through the rental department. Matthew said he jumped at the opportunity to buy Barry…
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Stockdale & Leggo Expands into Footscray
With over 10 years’ experience across sales in the Melbourne real estate industry, Stockdale & Leggo Chief Operating Officer Anna Thomas believes new franchisee Anil Salimeda is an excellent addition to the Stockdale & Leggo group and their expansion into in the Footscray area. “Footscray has been on our agenda for some time now and we’ve been waiting for a…
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Education hot spots driving house price growth: REIV
Homes zoned for some of Melbourne’s top performing public schools are delivering six-figure dividends for property owners, compared to neighbouring homes outside the catchment. In the year to June 30, the largest price difference was recorded for homes located within the catchment area for South Yarra Primary School. Homes within the zone had a median price of $2 million while…
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McGrath tips Geelong as a strong performer this Spring Office reports upturn since joining the brand
McGrath Founder John McGrath said Geelong is well positioned for growth with many new Government departments and infrastructure setting up in the CBD, which is driving demand for residential property. “Geelong is becoming a hub for many medical, tech and government organisations, which has been a very positive economic driver for the area,” said Mr McGrath. McGrath Geelong Co-Principal David…
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Change of Guard at Stockdale & Leggo Manningham
Stockdale & Leggo have welcomed leading Principal, James Aldinger to the family with James’ recent acquisition of the Stockdale & Leggo Manningham office. With over 20 years’ experience across sales, project sales and property management, with the last 15 years running his own number of successful real estate agencies, Stockdale & Leggo Chief Operating Officer Anna Thomas, believes James is…
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Young talent shines at hockingstuart awards
Taking out the coveted Franchise of the Year award was hockingstuart Armadale. The office’s vendor NPS of 62, a strong market share, increase in sales value, and outstanding customer service and staff engagement earned them the prestigious title. The office also received the Most Improved Market Share award, reflective of the team’s burgeoning talent, with young-guns Jack Richardson (reigning REIV Novice…
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view.com.au launches new Property Price Estimates tool
In preparation for the upcoming spring selling season, view.com.au (formally known as realestateview.com.au) have launched a new data-driven portal that will empower buyers, sellers, and renters by giving them access to detailed property insights. The new portal features an insights tool called Property 360, which includes over 10 million properties that allows people to track the value of their home, calculate…
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Home Loan Refinancing Now Fully Digital in Vic and NSW
If you, or your clients, are looking at refinancing in either of these two states, the applications must now be lodged online with the land registries. WA also has a mandatory deadline for refinancing which kicks in from December. According to PEXA, the platform which makes electronic land transfers possible, the deadline will enforce the capability to provide consumers with…
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Melbourne market sees solid June quarter growth: REIV
The cold weather hasn’t dampened Melbourne’s property market with the citywide median house price increasing for the fifth consecutive quarter. New REIV data shows the metropolitan Melbourne median house price rose 2.9 per cent in the three months to June 30, to $822,000. The city’s middle and outer suburbs were the main growth drivers in the June quarter with both…
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Brickx bursts into Brunswick West with Bricks from $99
Australians can now invest in a house in Brunswick West from $99 with Brickx. CEO Anthony Millet expects this latest offering in Melbourne to be popular with investors further adding to the current Melbourne portfolio of Prahran and Port Melbourne. “We’re thrilled to provide access to such a stunningly transformed terrace at an affordable entry price of just under $100,”…
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Anthony Stevens, former AFL legend joins Elders Real Estate
Former AFL Kangaroos star, Anthony Stevens is embarking on a new career path as a rural real estate sales executive with Elders Real Estate. Mr Stevens will service clients across all agriculture asset classes throughout Victoria and the Riverina. Inducted into the AFL Hall of Fame this week, following an outstanding football career spanning over 16 years and 279 games…
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Harcourts office opens in Frankston, Victoria
Brent Pullar and Steve Foster-Swan have teamed up as business partners to launch and operate the 80th franchise for the Harcourts group: Harcourts Central. Brent Pullar was a co-founder of real estate empire MPRE group (as it was back in 2000) with 21 offices in the local area, who later went on to be the Harcourts CEO for Victoria for…
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Language is no barrier in multi-cultural Sunshine: Ray White
Ray White Sunshine has just opened in inner west Melbourne with young gun Dee Nguyen at the helm, who is excited to be joining the Ray White family. Principal Mr Nguyen started in real estate in 2008 and is rebranding to Ray White from a smaller independent agency group, with a team of more than 10 staff across property management…
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Ray White principal celebrates record first month
Ray White Frankston has achieved a record month in March, with 37 sales from 37 listings following the appointment of Ash Weston as Principal and Director of Sales. Ash comes to the position with three years of experience running the sales side of the business. Since his appointment as principal, the business has experienced record growth. “In the last two years,…
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Melbourne’s median house price hits $800,000
Melbourne’s median house price has recorded its strongest quarterly price growth since 2013 to smash the $800,000 barrier for the first time, new data from the Real Estate Institute of Victoria (REIV) shows. The citywide median increased 7.6 percent in the first three months of 2017 to a record high $826,000 – up more than $55,000 on December figures. REIV…
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Century 21’s owner now Property Connect chairman
ASX-listed Property Connect has appointed the chairman and owner of Century 21 Australasia Charles Tarbey into the same role in its organisation, effective immediately. Tarbey’s appointment as chairman of Property Connect comes together with an agreement that several Century 21 offices in Victoria and Western Australia will undertake a trial of the LiveOffer technology in Australia from April 2017. In…
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Landchecker, helps buyers do due diligence on properties for free
A Melbourne-based company Landchecker has created a free tool for anyone looking to do their due diligence on Victorian property. Developed two years off the back of the government’s initiative to foster innovation through open source data, Landchecker is a user friendly, colour coded map that updates with property planning information such as planning zones, planning overlays, permit activity, bushfire…
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Aussie long-term rental start-up Cubbi.com gets fresh new round of funding
Melbourne-based Cubbi.com, which offers tenants long-term rentals anything ranging from three months to two years, has just announced a $300,000 seed round of funding from a consortium of investors led by 1Form co-founder Chad Stephens. Co-founder and co-Ceo Jason Gilbert who runs the company with his older brother Michael told Elite Agent that the seed funding received from Stephens was…
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REINSW calls on NSW to follow Victoria’s lead on stamp duty
A decision by the Victorian Government to abolish stamp duty for first homebuyers for purchases below $600,000 should propel the New South Government to also meaningfully tackle housing affordability. REINSW President John Cunningham said premier Gladys Berejiklian must put meaning behind her assertion that housing affordability is the number one priority for her government. “Victoria has acted,” Mr Cunningham said.…
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REIV chief: Concern for rental reforms
The state’s most disadvantaged tenants will be the hardest hit if proposed reform of the Residential Tenancies Act – the law that governs the rights and responsibilities of landlords and tenants – is adopted, says REIV chief Gil King. As many of the proposed reforms are designed to improve rental conditions for these very tenants, despite its intentions, the Andrews…
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A fresh new identity for the Victorian-based Barry Plant Group
Victorian-based Barry Plant Group has rolled out a new branding in the first quarter of 2017, at its annual Barry Plant Kick Start conference held on Monday. The new branding includes small changes made to its logo, the first since it was last updated 11 years ago. “Our goal was to evolve our brand identity to accurately reflect our group’s…
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O’Brien Real Estate branches out in Melbourne, with two new offices
Melbourne-headquartered O’Brien Real Estate will open two new offices in the first quarter of the year – making its total headcount to 19 offices, a long way from where they started six years ago. Last month, the company unveiled its 18th office located at 951 Nepean Highway, Bentleigh, which will service suburbs such as Highett, Bentleigh East, Hampton East and…
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Barry Plant Group throws its support behind Women’s Property Initiatives
The Barry Plant Group has rendered its support in helping bolster more funds towards Property Initiatives Real Estate, a social enterprise run by the Women’s Property Initiatives (WPI) in Melbourne. Barry Plant Group said the collaboration will see WPI’s social enterprise benefitting from its professional services which include running a better-managed rent roll and achieving maximum profitability through the advice given…
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