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EPM: Industry News
National rents on the rise: CoreLogic Rent Review December quarter
Property investors will welcome news from CoreLogic that although rental yields are flat, rental rates are on the rise. According to the latest CoreLogic Rental Report over the December quarter, all capital cities, excluding Canberra, achieved a stronger annual change in rents over the past year compared to the same period in 2016. Simultaneously, regional markets also earned a rental increase.…
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FRANCHISE NEWS
Elders Real Estate ‘Win a Holiday’ digital campaign reaches new heights
Elders Real Estate has announced a winner for the ‘Win a Holiday’ campaign, which made waves during the national digital campaign period – with the integrated digital strategy driving over 112 million impressions of the campaign. The campaign ran throughout spring and provided potential clients with the opportunity to win a holiday experience up to the value of $15,000, through…
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Real Estate News
Millennials to eclipse baby boomer real estate spending in next 5 years: First National Real Estate
Despite 74% of millennials requiring more help than usual in understanding the buying process, it is anticipated that the next five years will see millennials eclipse baby boomers’ real estate spending power with 66.1% of those born between 1982 – 2002 choosing property over lifestyle. With millennials earning more money than earlier generations, their buying budgets are anticipated to be…
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INDUSTRY NEWS
Premier Berejiklian must maintain momentum to fix housing affordability, says Property Council
One year into Premier Berejiklian’s time as Premier, the NSW Government must continue to embrace progress and implement reforms to improve housing affordability in NSW, according to the Property Council of Australia. “The Berejiklian Government has made good headway creating and consulting on policies and plans to boost housing supply, but we need decisions made and reforms implemented to give…
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FRANCHISE NEWS
Century 21 shares its 3 top tips for success in 2018
In light of softening conditions in many property markets, the Chairman and Owner of Century 21 Australasia has provided his three top tips to help agents succeed in 2018. Charles Tarbey’s first tip surrounds the growing use of broadcasts and electronic mail by agents: “While it’s great to see agents adopt new technologies, too many agents seem content with simply…
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Real Estate News
‘Granny Flats’ no longer just for Grannys, now available online
One Australian company says they are revolutionising the granny flat industry by offering their unique service online from the space of their office in Mudjimba, Queensland. Heather Field, co-founder of Classic Kit Homes, said granny flats are no longer just for granny. “Anyone with a bit of space in their back yard who wants to provide a home for an…
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Real Estate News
First National WA reinforces training commitment to its agents
First National Real Estate has appointed Goals International to expand its existing in-rooms, online and on-demand training strategy for 2018 in Western Australia. Business Growth Manager, Debbie Fletcher said regular training, mentoring and coaching was essential, particularly in a tough market, to help agents remain inspired, motivated and at the forefront of the industry. “A lot of thought went into…
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INDUSTRY NEWS
Nine in ten Australian properties are ‘flipped’ for a profit, says new CoreLogic report
Global data analytics provider CoreLogic has released its first Property Flipping Report, which provides a national analysis of properties that were ‘flipped’ (bought and re-sold within a short time frame with the purpose of making a profit) in 2017. The research measures flips within one year of purchase and within one to two years of purchase. It also tracks national…
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FRANCHISE NEWS
New Raine & Horne office opens in Budgewoi
Raine & Horne has launched an office in Budgewoi on the NSW Central Coast. Formerly the proprietor of Independent Coastline Real Estate, Wendy brings 15 years of experience to the Raine & Horne Brand. Raine & Horne Budgewoi will service the northern end of the Central Coast with a focus on Budgewoi, Buff Point, Lake Munmorah, Chain Valley Bay, San…
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INDUSTRY NEWS
Queensland Sotheby’s International Realty signs Barbara Wolveridge for new office
Barbara Wolveridge has been appointed to the position of Director of Queensland Sotheby’s International Realty – Tropical North Queensland, based out of a new Port Douglas office. “I am honoured to be bringing the reputable luxury brand of Sotheby’s International Realty to Port Douglas and its surrounds,” Ms Wolveridge said. Since entering the real estate industry in 1984, Ms Wolveridge…
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Real Estate News
Housing affordability improves for buyers and tenants in WA
A new housing affordability report has found Western Australia is the most affordable state in the country for tenants and home buyers. Only the Northern Territory and the Australian Capital Territory are more affordable. The Real Estate Institute of Australia supported by Adelaide Bank released their latest Housing Affordability Report yesterday, with the findings revealing affordability in WA’s housing and…
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INDUSTRY NEWS
First home buyers benefitting from stable market: REIA
Housing finance figures released by the Australian Bureau of Statistics (ABS) show that first home buyers continue to steadily increase their presence in the housing market, according to the Real Estate Institute of Australia (REIA). “The proportion of first home buyers, as part of the total owner-occupied housing finance commitments, increased to 18.0 per cent in November 2017, the highest…
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INDUSTRY NEWS
Mixed market conditions for tenants and investors for 2018: Domain rental report
Key data findings Sydney median unit rental prices drop from the price peak by $5, falling back below median house rental prices for the first time in six months House rental prices in Melbourne rise 1.2 per cent over the quarter, hitting a new high House rental prices remain steady over the quarter in Sydney, Brisbane and Perth Hobart has strongest annual growth in house rental prices on…
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INDUSTRY NEWS
Home buyers to be better protected by Australian-first defect bond scheme
Home buyers will be better protected thanks to an Australian first defect bond scheme, Minister for Better Regulation Matt Kean said. The Strata Building Bond and Inspections Scheme (the Scheme), the first of its kind in Australia, provides a structured process to rectify defects early in the building lifecycle. Mr Kean said the new Scheme follows extensive industry consultation, and…
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FRANCHISE NEWS
Coronis bolsters team with addition of three agents
Sales Director Craig Gillies has announced that Rod Podbury, Joanne King and Jason Powell had all joined the team in Sales Manager roles. “We’re very excited that Rod, Joanne and Jason have chosen Coronis to progress their careers and will actively work with our leadership team to propel us towards our goal of 40 offices by 2020 and inspire continuous…
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Real Estate News
Di Jones contributes midwives through supporting the Barbara May Foundation
Barbara May Foundation General Manager Joanne Crowley said $3400 was raised from candles donated by Di Jones at the Bowral Christmas Carols held in December. “It is a credit to Di Jones and its culture that its teams are empowered to volunteer in their local communities,” she said. “The funds raised will train three midwives in the city of Barhir…
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EPM: Leadership
Leadership summit empowers principals to reach the pinnacle of success
Hosted by ireviloution and businessDEPOT, the two-day summit is designed for principals, heads of department and BDMs who seek inspiration, leadership skills and real-life business examples to help them step up, lead their team, and profitably grow their business. ireviloution and PM Leadership Summit Founder Jo-Anne Oliveri said that this year’s event will inspire leaders to ‘reach the pinnacle’. “20…
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Real Estate News
Academic paper won’t help housing policy debate, says the Property Council
The Property Council of Australia says that an academic paper prepared by Melbourne University, as part of an RBA workshop reaches some bizarre and questionable conclusions on the potential impacts of removing negative gearing. Property Council of Australia Chief Executive Ken Morrison said any meaningful interrogation of the paper immediately raises serious questions as to the credibility of its findings, saying, “contributions to…
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INDUSTRY NEWS
London Edges Out NY as Top City Among Foreign RE Investors
Among foreign investors, interest in New York has slipped and London has assumed first place as the number one global city for their real estate investments. For the first time, Los Angeles has tied New York as the number one city in the US, according to the results of a new survey taken among the members of the Association of Foreign Investors…
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Real Estate News
More Aussies are prepared to give up dream locations in favour of affordable homes: State Custodians
New research from non-bank lender State Custodians Home Loans, finds more than half (54 per cent) of Australians who own or are buying their own home say they’re prepared to live in a more affordable or cheaper location, even one not on their wish list, to obtain the house they need or want. In contrast 26 per cent of Australians…
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INDUSTRY NEWS
Bottom of the property market cycle is not a time for panic: Raine & Horne
“Investment firm AMP Capital1 last week indicated that the Darwin real estate market has bottomed, which means that local owners should feel less pressure to take the first offer from a buyer,” said Glenn Grantham, General Manager, Raine & Horne Darwin. “The Darwin property market in fact reached the bottom of the price cycle a few months ago, yet there still…
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INDUSTRY NEWS
Cooling market highlights quality of flat fee agents: REINSW
REINSW President Leanne Pilkington said with the cooling market consumers are at risk of paying even when their property does not sell. “There had been a lot of press surrounding companies that offer a flat fee upfront to sell a consumer’s home rather than the traditional commission model,” she said. “There is no motivation or incentive for these agents to…
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FRANCHISE NEWS
Realmark and Altitude to join forces on 1 Feb, creating Realmark Urban
In welcome news for consumers and industry, the upcoming merger between the Realmark Real Estate Group and Altitude Real Estate will enable the combined agencies to offer their clients a more efficient, effective and influential way to buy, sell, lease, manage and finance property. Founded by Paul Tonich and his cousin Nathan Tonich in 2008, Altitude Real Estate is one…
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Real Estate News
Ray White set to open in North Ipswich
THE power couple behind the successful Ray White Ipswich business are excited to have just opened their next venture together in North Ipswich. Selling principal Warren Ramsey opened Ray White Ipswich almost 25 years ago and now he and his wife Deanne (pictured above) have just opened Ray White North Ipswich. Mrs Ramsey, who has been focused on the property…
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Real Estate News
McGrath continues its Melbourne expansion
McGrath Estate Agents has opened a Coburg/Brunswick office in Melbourne’s inner north. Melbourne continues to be an important market for the company with the opening of McGrath Coburg/Brunswick, as it operates 10 offices in the southern state. McGrath Founder and Executive Director John McGrath said “Melbourne is a city people want to live and invest in, which is reflected in…
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Real Estate News
Raine & Horne launches office in Ascot QLD
Raine & Horne who are celebrating 135 years of operation in 2018, has launched into the New Year with an office in Ascot, Brisbane. The office will be led by Adam Duffus, who has extensive sales, real estate and retail experience. Apart from owning a successful independent real estate business in Toowoomba between 2013 and 2017, Mr Duffus owned and…
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FRANCHISE NEWS
Ray White WA welcomes Ben Keevers
Recognised as one of Western Australia’s top agents, Mr Keever’s down to earth nature, enthusiasm and professionalism makes him one of the most sought after agents in Perth’s exclusive northern beaches. Ray White Group joint chairman Brian White said there was no greater compliment than could be paid than to have a top agent joining the network. “Growth is the…
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FRANCHISE NEWS
Ray White’s year of record network growth
The Ray White Group swelled by a record number of new offices in 2017 after a stellar year attracting some key businesses to its growing stable of more than 1000 offices this year. Ray White Network Development CEO Andrew McCulloch confirmed 2017 was a record year of growth with more than 106 new business owners in Australia calling Ray White…
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Real Estate News
Century21 welcomes four new offices to its network
Century 21 has celebrated the opening of four new office locations in recent months, boosting the network’s presence across Australasia. In New South Wales, Century 21 has welcomed C21 Tao Real Estate in West Ryde, C21 Masterpiece in Lane Cove, C21 Property Care in Glenfield, and C21 Centennial in Kensington. These offices complement many new office openings in Queensland that…
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INDUSTRY NEWS
New Home Sales Cooled in 2017: HIA
“The consistent feature of new home sales in 2017 is that the market is cooling,” stated HIA’s Principal Economist, Tim Reardon. “The HIA New Homes Sales Report – a survey of Australia’s largest home builders – highlights that there has been a fall in the number of new homes sold in 2017, but the industry remains at relatively healthy levels…
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FRANCHISE NEWS
Raine & Horne opens for business in Townsville and Carlingford
Raine & Horne has launched an office in Townsville, led by experienced business partners Steve Leaumont and Sue Edmunds. Raine & Horne Townville is the fifteenth office opened by the brand in Queensland in the last 12 months. In the past month, Raine & Horne has also opened offices in Kilcoy and Brisbane. “Raine & Horne enjoys strong brand awareness…
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Real Estate News
Sydney rental market stable: REINSW
REINSW President Leanne Pilkington said the November 2017 REINSW Vacancy Rate Survey saw availability in the Sydney metropolitan area steady at 2.1 per cent. “Vacancy rates in Middle Sydney remained unchanged at 2.2 per cent, while Inner and Middle Sydney both saw an increase of 0.1 percentage points to 2.2 per cent,” Ms Pilkington said. The Hunter increased 0.2 percentage points at…
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Real Estate News
Auction volumes decrease across the combined capital cities returning a 64.2 percent preliminary clearance rate
National auction clearance results for the week ending 17/12/2017 courtesy of CoreLogic. The number of homes taken to auction fell this week, after the surge in activity recorded over the 4 weeks prior when volumes remained consistently above the 3,000 level. There were a total of 2,865 auctions held this week, down on last week when 3,371 auctions where held across the…
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INDUSTRY NEWS
Stamp duty boosts surplus for NSW Government
The massive surplus of $3.3 billion for the 2017-18 financial year announced today by NSW Treasurer Dominic Perrottet in his half yearly budget update is good news for the health of our State’s economy, yet this government’s reliance on property taxes to boost the budget bottom line is something that must change. “Treasurer Perrottet has announced a massive surplus and…
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