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Real Estate News
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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Real Estate News
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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Real Estate News
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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Real Estate News
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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Elite Agent TV
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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Real Estate News
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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Brand Editorial
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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Real Estate News
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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Real Estate News
Mosman trophy home hits the market with Ray White Lower North Shore
Mosman’s first trophy home listing for 2019 has hit the market with a bang, with industry figures hoping the high calibre home will bring new buyers to the market. The high end property at 28 Ruby St, Mosman was designed by architect Susan Rothwell and is being marketed locally and internationally with a price guide of $23m to $25m. Listing agents…
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Real Estate News
Residential appeal of Canberra extends to commercial market
The demand on Canberra’s office stocks continues to rise as the city’s attractions entice people and businesses to locate in the national capital. “Over the past few years, Canberra has topped a number of liveable city polls, including being named the best place in the world to live by the Organisation for Economic Co-operation and Development in 2014,” Colliers International…
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Real Estate News
Ray White Castle Hill welcomes local high performer to the team
Ray White Castle Hill has welcomed Sales Executive, Sara Perry, to the team. A local, born and bred in the Hills district, Ms Perry has been in the industry for over 13 years and started her career in reception at Ray White Parramatta. “I had a brief stint in sales before moving over to property management, and one day several…
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Real Estate News
REIA launches Federal Election campaign
The Real Estate Institute of Australia (REIA) has launched a campaign to give the property sector a voice during this years Federal Election. In a statement REIA President, Adrian Kelly, said he aims to ensure issues relating to the taxation of property are an integral part of the campaign and all politicians are educated about the consequences of the Labour’s…
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Real Estate News
Entries now open for REINSW Awards For Excellence
Entries for the annual Awards For Excellence, hosted by the Real Estate Institute of NSW (REINSW), are now open. Now in its 22nd year, the awards recognise top performing real estate professionals and agencies in NSW. The program awards agencies and individuals across 21 categories, judged by a panel picked from members of the REI’s offices in any of the…
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Real Estate News
CoreLogic launches a new home loan analytics portfolio, merging portfolio and property data
CoreLogic has launched a new home loan analytics portfolio, merging portfolio and property data to assist lenders operating in changing market conditions. According to CoreLogic Executive Head of Data, Analytics and Solutions, Tracey Ah Hee, this analysis solution will help lenders to identify portfolio blind spots. “We match a lender’s existing portfolio data to property-specific data to provide a customer-level…
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Real Estate News
Ray White New Zealand launch ‘A Name to Trust’ ad campaign
Ray White New Zealand have launched a new ad campaign called ‘A Name to Trust’, highlighting the company’s emphasis on better serving its customers. New Zealand rugby coach Steve Hansen features as a brand ambassador for the campaign, while a companion video showcases the ways in which Ray White agents are encouraged to go the extra mile. Mr Hansen has…
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Real Estate News
Former Avnu exec takes new road with Domain
Domain has ushered a in a new era, with the appointment of Jason Chuck as the Group’s new Chief Customer Officer. Chuck previously held positions as the Head of Marketing at Google and CEO of LJ Hooker Avnu, a role he told Mumbrella he found hard to leave behind. “I decided to take up this new role at Domain, as…
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Real Estate News
Bendigo Bank reduces their owner-occupied home loan variable interest rates
Bendigo Bank has announced it is decreasing its Bendigo Express Home Loan and Basic Home Loan variable interest rates. Bendigo Bank Executive, Consumer Banking, Richard Fennell said the changes introduced will enhance customer experience by providing greater choice. “Some of our customers, particularly first home buyers, may prefer the assisted home loan journey and market-leading service excellence of our Bendigo…
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Real Estate News
Household lending rises in February: ABS
New figures released by the latest Australian Bureau of Statistics (ABS) have revealed the value of new lending commitments to households rose 2.6 per cent in February 2019. The February rise followed on from a fall of 2.3 in January. According to ABS Chief Economist, Bruce Hockman, despite the activity, the longer term story is largely unchanged with new lending…
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Real Estate News
The Agency Sydney welcomes Gavin Lewis
Gavin Lewis has become the newest team member at The Agency after becoming a lead agent with the firm. Mr Lewis has served in the industry for just over a decade and previously held a position as a senior sales associate under Alexander Phillips. Mr Lewis expressed excitement at this new career direction while outlining his main objective. “Working 24/7…
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Real Estate News
Rent yields across Australia rise over the first quarter of 2019: CoreLogic
The first CoreLogic Quarterly Rental Review for 2019 has been released, with results showing a national increase in yields over the past three and 12 months. According to CoreLogic Research Analyst Cameron Kusher, gross rental yields for the first quarter are at 4.10 per cent compared to 3.95 per cent in the previous quarter and 3.77 per cent a year…
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Real Estate News
Queensland Sotheby’s International Realty welcomes Hope Island team
Queensland Sotheby’s International Realty has strengthened its presence on the Gold Coast with the recruitment of Hope Island real estate specialist Suni Surti. Mr Surti and his team relocated from the UK in 2006 and, according to Queensland Sotheby’s International Realty CEO, Paul Arthur, their addition supports the company’s continued commitment to the northern Gold Coast region. “They’re an experienced…
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Real Estate News
PRDnationwide celebrate stand out achievers in their network
PRDnationwide have recognised the top performers and leaders in the network with their annual gala dinner. The gala dinner was held at the conclusion of a two-day program of forum and conference events, with the winners being acknowledged in front of more than 260 of their industry peers. PRDnationwide Chairman & Managing Director Tony Brasier praised the event, commenting that the…
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Real Estate News
Current rental yields around New Zealand are looking up
CoreLogic have released their figures concerning growth in New Zealand’s rental market, revealing that rental growth is now outpacing property values. Interestingly, the results show the highest rental yields can now be found outside the main centres while the 10 lowest yielding suburbs are all located in Auckland. CoreLogic’s Senior Property Economist, Kelvin Davidson, noted that after a long period…
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Real Estate News
realestate.com.au has launched ‘How to Home Loan’ – a video campaign
realestate.com.au has launched a new video series to help first-home buyers navigate the challenges of securing finance and buying a home. The tongue-in-cheek series, called How to Home Loan, stars Jess Harris and explores the everyday frustrations that come with the home-buying journey. From daunting bank meetings to maintaining the avocado lifestyle while trying to save, the five-part educational series…
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VIC Real Estate News
Study reveals economic and health benefits of denser suburbs
New research has shown that denser and more walk-able suburban developments keep chronic diseases at bay and deliver lifetime economic and health gains of $4,500 for every resident. The paper, published by RMIT University urban researchers in the International Journal of Behavioural Nutrition and Physical Activity, shows there is economic and health benefit to designing new suburbs with health objectives…
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Real Estate News
Auction Tool Gavl to facilitate electronic signatures and transfers
Real estate auction platform Gavl has launched new features on its app, making it easier for buyers and vendors to sign contracts electronically and complete deposit transfers. Commenting on the updates, Gavl co-founder Joel Smith said he hopes to make Gavl the one-stop shop to complete auction transactions. “The additional tools that Gavl provides on the app will ensure buyers…
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Real Estate News
Century 21 kicks off media campaign with Seven West
Century 21 has commenced its 2019 advertising campaign partnership with Seven West. As part of the media plan between Century 21 and Seven West media, C21 properties and agents will be promoted across some of the biggest media assets in Australia, including the popular TV hit House Rules which will air in May. Owner and Chairman Charles Tarbey recently made…
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Real Estate News
Nick Dunn returns to Team Chauncy at McGrath Crows Nest
McGrath Crows Nest has welcomed Nick Dunn back to the team as the office plans for further expansion. Peter Chauncy, Principal of McGrath Crows Nest, believes that Mr Dunn has all the necessary ingredients to be one of their future stars and was delighted to welcome him back. “Nick typifies the calibre of agent that we wish to recruit and…
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Real Estate News
Independent rebrands to reflect a focus on the future
Independent has rebranded their businesses, dropping ‘Property Group’ from the brand name to reflect a drive towards innovation. According to Chief Experience Officer John Minns, the company’s new look represents the future. “This rebrand is about updating the look and feel of Independent to be in line with how we are as a company – innovative, friendly, relatable and approachable,”…
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Real Estate News
Ray White NZ welcomes a new office in Ohope Beach
Ray White has welcomed its newest office in Ohope Beach, New Zealand. Located in the Bay of Plenty, the Ohope Beach office will be the 172nd location across New Zealand for the Ray White network. Principal Ray Johnson already had an established business in the area and is optimistic about being backed by the Ray White brand going forward. “I…
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INDUSTRY NEWS
April 2019: RBA rates remain unchanged – industry reacts
Yesterday (2 April 2019), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 28th consecutive meeting. Many commentators expected this to be the case as the cash rate has now remained unchanged for 32 months. Here’s a quick rundown of what happened. With respect to the housing market: The adjustment in established housing…
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Real Estate News
Victorian Government partners with Women’s Property Initiative to support the homeless
The Melbourne suburb of Ashwood has welcomed the opening of Brian O’Donnell House, which will provide long-term, affordable accommodation for vulnerable Victorians fleeing family violence. The new homeless accommodation was opened by the Victorian Minister for Housing, Richard Wynne, and is an initiative of the Victorian Homeless Fund. It is supported by the Housing Industry Association as well as generous…
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Real Estate News
LJ Hooker Avnu welcomes Cameron Maxwell to the team
LJ Hooker Anvu in Sydney’s Lower North Shore has welcomed Cameron Maxwell to the team to service the highly sought-after area. In addition to his real estate experience, Cameron has also spent time as a taxation specialist with BMT specialising in property investments. Christine Mikhael, Chief Performance Officer of LJ Hooker Avnu, said she was delighted to have Mr Maxwell…
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Real Estate News
Belle Property make a new home in Queanbeyan
Boutique agency Belle Property Kingston has opened its second office in the rural lifestyle suburb of Queanbeyan. The office will service the growing and thriving rural lifestyle market of the ACT’s fringe suburbs, including Queanbeyan, Googong, Jerrabomberra and Bungendore. According to co-principal of Belle Property Queanbeyan Dan McAlpine, the speed with which the Kingston business achieved growth in the ACT…
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Real Estate News
Regional development manager takes top female leadership award
The winner of the 2019 Urban Development Institute of Australia (UDIA) and Frasers Property National Women in Leadership Award for Excellence has been announced, with Lendlease Regional Development Manager – Communities, Tamara Rasmussen, taking the top accolade. Ms Rasmussen has worked in property and development for two decades, including 15 years with Lendlease, and says she is thrilled to have…
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