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Real Estate News
Perth CBD leads the way as office market gains momentum
The Perth office markets are gaining momentum despite little improvement in Western Australia’s employment and population situation, according to Ray White’s latest Between the Lines commercial research. The report notes that, after several years of reduced sentiment and pressure on the office markets, Perth has started its recovery mode.“During the latter part of 2019, we’ve seen momentum build, resulting in real…
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Real Estate News
LJ Hooker launches new brand tagline
LJ Hooker has announced its new brand tagline which looks to connect with consumers of today during their big life moments, such as buying or selling their home. The new tagline ‘When you know, you know’ empowers the consumer and refers to the instinctual side of decision-making, while also encapsulating LJ Hooker’s industry knowledge and experience. The tagline is a…
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Real Estate News
realtor.com to show three value estimates for sale and off-market homes
In the US, realtor.com has announced it will now display estimated property values from three widely respected sources on for-sale and off-market properties. To provide more insight into a home’s value, realtor.com is partnering with the same trusted data providers used by lenders and insurance companies to estimate a property’s value. While not an appraisal, this data will empower consumers to make…
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Real Estate News
McGrath trials coronavirus safety plan
McGrath Limited is proactively trying out a safe working environment should the need for staff to work remotely arise in the wake coronavirus outbreak. While the real estate company hasn’t been impacted by the crisis internally, McGrath CEO Geoff Lucas said they want to proactively plan and test operating systems to ensure the business continues to run smoothly should the…
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Elite Agent
Ray White plans pawsome day to connect with community
Property group Ray White is planning a national Backyard Pooch Party event with offices across the country joining in to raise funds for various animal focused charities such as RSPCA and the World Wildlife Fund. Held at local parks and open to anyone to join on March 29 across Australia, will consist of a picnic…
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Real Estate News
Hannah Gill named an ACT Telstra Business Woman of the Year
The Managing Director of a Canberra property management business has been named as one of five Telstra Business Women of the Year in the Australian Capital Territory. Independent Property Management’s Hannah Gill won the medium and large business award this week and will go on to the National Awards in Sydney in May. Ms Gill is a highly regarded professional…
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Real Estate News
14 Aussie wine regions set to outperform Sydney’s market
New research by national advisory firm Propertyology has revealed there are 14 wine-producing regions where property price growth looks set to keep outperforming the Sydney market. Head of research at Propertyology, Simon Pressley, said investors who’d already removed their regional biases and actually studied the data had been well rewarded. “I’ve run the numbers and these regions smashed Sydney on…
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Real Estate News
Realtor.com’s introduces noise indicator
There are many things you can determine from a property listing – a home’s size, location, aesthetics, school districts and much more. However, there are some things you simply can’t see – such as how noisy or quiet a property may be. That’s why US real estate listings website, realtor.com has introduced a new noise indicator feature that provides reliable…
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Real Estate News
Raine & Horne agent to take a belting for a good cause
A leading real estate agent from Sydney’s Eastern Suburbs will step into the boxing ring for the first time this month in a quest to raise $10,000 to support the fight against brain cancer. Patrick Cosgrove, associate director of Raine & Horne Double Bay, will take on his first amateur fight on Friday, 20 March at Paddington Woollahra RSL Club.…
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Real Estate News
Melbourne and Sydney dominate luxury price growth
Luxury residential price growth in Australia is highest in Sydney and Melbourne, according to the results of the Prime International Residential Index (PIRI 100) in Knight Frank’s The Wealth Report 2020, released today. The PIRI 100, which tracks the movement of luxury residential prices in 100 cities and second home markets globally between December 2018…
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Real Estate News
Adrian’s calling it for the kids
Whipping up a crowd is second nature for legendary Melbourne auctioneer Adrian Butera of Compton Green. With 4500 auctions under his belt, he knows a thing or two about the game and he’s addicted to the thrill of the bidding. Like any seasoned performer, however, he says there are shows and then there are shows. Right now, he’s warming his…
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Real Estate News
WA GEM Awards winners announced
First National Real Estate’s Western Australia estate agents were presented with their General Excellence and Marketing Awards at Crown Perth on Friday night. The awards celebrated the outcomes achieved by the state’s agents throughout 2019, with top 10 individuals and offices now vying for National GEM Awards, which are announced in May. Agents reaching the national top 10 will be…
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Real Estate News
Interstate landlords left in the lurch: REIV
REIV President Leah Calnan says a recent decision by the Court of Appeal, stating VCAT cannot rule on cases where the landlord resides outside of Victoria will create more questions than answers. VCAT has been the common arena for rental disputes within Victoria since its inception, regardless of where the landlord resides. The Victorian Court of Appeal recently changed that,…
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Real Estate News
Farewell to Jock Kreitals, CEO REIA
REIA CEO Jock Kreitals is set to bid farewell after five years at the helm of the organisation and 12 years in total at the Real Estate Institute of Australia. President, Adrian Kelly said he has been very appreciative of Mr Kreitals’ contribution over the past decade and thankful for the excellent shape that he is leaving the REIA in.…
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Real Estate News
Rent.com.au & Novatti partner to develop RentPay
Rent.com.au has partnered with global software group Novatti to deliver RentPay. According to an ASX announcement, the agreements comprise a Subscription Agreement and a Software as a Service agreement. The partnership is slated to deliver: a 36-month SaaS Agreement with Novatti to build and operate payments backend. Novatti’s payments scale and potential banking capability allow for compelling customer offer. Key…
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Real Estate News
DiJones bolsters North Shore with leading Lindfield agents
Highly experienced real estate agents Nahid Coventry and Daniel Blagg are set to join DiJones as partners, alongside a top performing team. DiJones Chief Executive Office Rob Ward said the appointment of Ms Coventry and Mr Blagg is consistent with a strategy to partner with high-calibre agents in the North Shore region. “We are passionate about identifying buyer migration patterns…
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Real Estate News
Rental values on the up
A quarterly review of national rents by CoreLogic showed that rents surged 0.5% higher over the month to January 2020 to record a current median rental value of $440/week. According to Eliza Owen who heads up the company’s residential research division, this was the highest monthly growth rate in the national rental index since January…
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Real Estate News
Console Cloud launches in New Zealand
Console Cloud has officially launched in New Zealand, with the company noting the software is set to revolutionise the way agencies operate. The new software will replace Console Gateway and comes after supporting New Zealand agencies with the server-based software for over 20 years. “This industry-leading property management and trust accounting solution is set to revolutionise the way New Zealand…
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Elite Agent
Agent wipes the floor with $1610 bid for toilet paper
Ray White Pomona Hinterland agent Sam Hargrave purchased a precious roll of toilet paper for $1610 yesterday. But she wasn’t down in the dumps over the expensive purchase – it was part of a competitive charity auction battle at the Howard Smith Wharves, with proceeds going to Beyond the Bricks. As part of Ray White’s national…
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Real Estate News
Perth rents increase and sales set to follow
Perth has recorded its first increase in rental prices the Western Australian property market has seen since January 2017, and sales are predicted to follow suit with the market showing a strong gradual improvement over the last four months. According to the Real Estate Institute of Western Australia, Perth’s median rent increased to $360 per week in February. REIWA President…
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Real Estate News
Economy up 0.5 per cent in December quarter
The Australian economy grew 0.5 per cent in seasonally adjusted chain volume terms in the December quarter 2019 and 2.2 per cent through the year, according to figures released by the Australian Bureau of Statistics (ABS). ABS Chief Economist Bruce Hockman said domestic demand remained subdued with 0.1 per cent growth in the December quarter, while a pick up in…
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Real Estate News
Housing affordability down 2 per cent in December quarter
As interest rates continue to shrink on home loans, the ability for people to buy their own home has also reduced. According to the REIA Housing Affordability Report for the December 2019 quarter, affordability has declined another two per cent. In practical terms this means the proportion of income required to meet loan repayments has increased to 34.7 per cent,…
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Real Estate News
Rising star appointed to lead Ray White Commercial
Ray White Commercial has appointed Andrew Freeman, who has been with the family group for 18 years, as the new Head of Agency Operations. Mr Freeman has had an illustrious career with the family-owned and led brand, and after sitting down with Ray White Group Managing Director Dan White, was convinced his next step would be into the commercial network.“I’d often…
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Real Estate News
MyDesktop acquired by Real Estate Investar to create “CRM of the future”
Domain has announced the sale of its customer relationship management product, MyDesktop, for $14 million to Real Estate Investar. Domain Group Chief Executive Officer and Managing Director, Jason Pellegrino, said the sale was a continuation of Domain’s objective to simplify and optimise the business, and deliver the best value to agents. “We recognise the importance of CRM systems to every…
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Real Estate News
More regions in positive territory: Herron Todd White
More of the nation’s regions have progressed into positive property value territory, according to the latest findings from Herron Todd White. This week their market data indicates housing in Canberra and the New South Wales central west continues to sit at the peak of the property market, while Sydney, the Sunshine Coast, Gold Coast and Rockhampton are fresh faces on…
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Real Estate News
A familiar face opens Ray White Scarborough
The award-winning Ray White Aspley group has widened its presence in southeast Queensland with the opening of Ray White Scarborough. Director Robert Green will lead a team full of local area experts, and along with new stakeholders Stephanie Williams, Angela Duncan, Dwight Colbert and Paul Hodkinson, the team are thrilled to be able to offer their customers more exposure and…
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Real Estate News
RBA Survey: Coronavirus economic impacts just beginning
Experts fear the Reserve Bank of Australia (RBA) will need to take action in the wake of the COVID-19 (coronavirus), according to Finder. In this month’s Finder RBA Cash Rate Survey™, 39 experts and economists weighed in on future cash rate moves and the state of the Australian economy. Graham Cooke, insights manager at Finder, said 20 of those surveyed specifically…
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Real Estate News
Rare Northern Beaches home finally hits the market
A new exclusive luxury contemporary five-bedroom residence by renowned Newport designer Ian Bennett, located in a prime position within Sydney’s highly sought-after Northern Beaches, is being offered to the market for the first time. The three-level resort-style home at 67 Edgecliffe Boulevard in Collaroy, known as Eagle’s Nest, is being marketed through Knight Frank’s Prestige Residential Sales Deborah Cullen with…
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Elite Agent
Kindred brings spirit of tech to new shopfront
In the changing face of real estate shopfronts, Brisbane’s Kindred Property Group has come up with an innovative VR solution set to make the customer experience more convenient than ever. While other agencies ponder the question, ‘to shopfront or not to shopfront’, Kindred instead asked themselves, “how do we transform shopfronts to bring them into the new decade and meet…
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Real Estate News
Adelaide Hills community rebuilding after the fire
Ray White Woodside owner Angus Campbell and his community in Adelaide Hills are just beginning the long journey to recovery after the devastating bushfires of recent months. If Mr Campbell’s name sounds familiar it is because he is the man behind the Beyond the Bricks campaign image of a smouldering tree looking out over a fire-ravaged landscape. When Mr Campbell took that…
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Real Estate News
PRD appoints new managing director
Todd Hadley has been appointed Managing Director of PRD, taking over from Tony Brasier who has been at the helm of the real estate company for eight years. With 13 years’ experience, including a background in stakeholder relations, Mr Hadley will lead PRD forward in day-to-day operations, driving the business forward into the future. “I am thrilled to take over…
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Real Estate News
Ray White Young recruits specialist for new rural franchise
Ray White Young Principal David Coombes has recently recruited high-profile, agricultural specialist Rachelle Barnett to spearhead an expansion into rural sales. Previously a residential and commercially focused business, Mr Coombes opened a rural franchise this month, which he said would service the needs of the rural community surrounding Young and neighbouring towns – and he was thrilled to have Ms…
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Real Estate News
Adina to open landmark ‘green’ apartment hotel in Southbank
TFE Hotels and Hume Partners Property is set to launch Australia’s first cross-laminated timber (CLT) hotel and the tallest timber adaptive-reuse project in the country – the ultra-modern Adina Apartment Hotel Melbourne Southbank – later this year. Just six months out from opening, the striking 220-room Bates Smart-designed apartment hotel, at the intersection of Southbank Boulevard and City Road in…
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Real Estate News
2020 ARERA winners announced
The region’s top performing independent agencies and individuals have come together for the 14th annual Australasian Real Estate Results Awards (ARERAs). Hosted by industry coaching and training body Real Estate Results Network (RERN), this year’s ARERAs were more hotly contested than ever, with a large number of nominations received from across Australia and New Zealand. Winners from 36 award categories…
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Real Estate News
Property start-up to deliver sale success
Australian property start-up Brickfloor is eliminating home selling stress by providing a Home Price Guarantee for sellers. Working alongside leading real estate agencies, including Marshall White, and acting as an insurance policy for home sellers, the Home Price Guarantee product sees Brickfloor commit to buying the seller’s home for a competitive price that’s locked in before they even list. If…
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