-
INDUSTRY NEWS
40 per cent of Perth suburbs have limited housing supply for sale
“1.3 per cent of the 818,000 properties across Perth are listed for sale, however when take a closer look, 95 suburbs have listing levels below this. While some of these suburbs have marginally less choice than the overall Perth average, others have significantly less,” Mr Groves said. Reiwa.com data shows Nedlands and Greenwood are the most undersupplied suburbs in Perth,…
Read More » -
Real Estate News
Vivien Yap joins the Ray White group
“Growth is the oxygen for a business like ours that has been growing for over 115 years. My family and I are excited to welcome Vivien Yap and her team to our business.” Ray White Western Australia chief executive officer Mark Whiteman also extended a warm welcome to Ms Yap and her team to the WA network. “There are moments…
Read More » -
Real Estate News
Real Estate Bookings Announces Integration with Agentbox
Real Estate Bookings, a leading marketing automation platform for real estate agents, is proud to announce advanced integration with Agentbox CRM. This integration means real estate agencies who use Agentbox and Real Estate Bookings can extend their capability and user experience. The Real Estate Bookings digital platform captures client enquiry from a range of online channels. The platform integrates with…
Read More » -
Real Estate News
Veteran agent Craig Pontey of Ray White Double Bay says “passion is the key to success”
As Ray White Double Bay gears up to celebrate it’s 30-year milestone, Craig Pontey shared some of his insights gathered over 39 years in the property game. Mr Pontey likened his long career to running a never-ending marathon. “You run, run, run and get to the finish and fall over the line but it feels like a taxi picks you…
Read More » -
National
Is the renovation boom over? Data shows demand for tradies softening
Building approval data provided by the Australian Bureau of Statistics reveals a mixed bag for tradies. Year on year, private sector house approvals are up 4.4 per cent, whereas private sector dwellings excluding houses (for example apartments) are down 5.1 per cent year on year. Some up, some down – so what does this mean? Of concern for tradies is…
Read More » -
Real Estate News
Third busiest auction week this year with combined preliminary clearance rate in the mid 60’s
National auction clearance results for the week ending 19/11/2017 courtesy of CoreLogic This time last year, 2,987 homes were taken to auction and a clearance rate of 74.4 percent was recorded. The final clearance rate has remained below 65 percent for the last 4 weeks and it’s likely that this will be the case again on Thursday when the final results are…
Read More » -
Real Estate News
CoreLogic Property Pulse: Are investors driving the current market slowdown?
He asks the question, “Is this occurrence a coincidence, or does this simply highlight just how reliant the housing market has become on demand from the investor segment?” The research results show that over the past five years dwelling values nationally have increased by 39.3 per cent, largely driven by Sydney and Melbourne where values have increased by a much…
Read More » -
ACT Real Estate News
Westpac backs BRICKX
The Fintech company provides access to residential property by enabling Australians to buy “Bricks” in individual property trusts. The investment is a sign that banks are heading into a territory they have been wary of in the past. “The reason we are seeing the rapid rise of Fintech businesses is because they are creating products that are customer-centric and solving…
Read More » -
Real Estate News
REA Group names best in the industry at 2nd Annual REA Excellence Awards
Twenty-two winners from across the country were honoured at the second Annual REA Excellence Awards (AREAs) in Melbourne last night, recognising the property and media industry’s best innovators, marketers and community champions. The awards were presented across the categories of Innovation, Service & Marketing Excellence, and Community. This year saw the introduction of the Gold AREA Agency of the Year award…
Read More » -
ACT Real Estate News
Rent.com.au solves the cats versus dogs debate
New data from Rent.com.au has solved the age-old dog versus cat debate and it’s no surprise that man’s best friend is Australia’s most loved household pet. Rent.com.au’s Pet Resume feature has now exceeded 50,000 resumes, with around one-third of renters choosing to attach a profile for their furry friend to their Renter Resume. “The ability to move into a rental…
Read More » -
Real Estate News
Parliament passes new legislation on depreciation; could cause loss in investor deductions
Changes to depreciation legislation announced in the May 2017 Federal Budget and detailed in Treasury Laws Amendment (Housing Tax Integrity) Bill 2017, have been passed by the Parliament of Australia. The new legislation means owners of second-hand residential properties (where contracts are exchanged after 7:30pm on the 9th of May 2017) will be ineligible to claim depreciation on certain assets. BMT…
Read More » -
INDUSTRY NEWS
50 most influential financial advisers in Australia named
“At a time when the digitisation of financial advice has reached its tipping point, both new and experienced financial advisers must be ready to lead the industry forward with ideas and innovation. Industry influencers will be instrumental in this exciting growth period,” said Darren Snyder, editor at Financial Standard. The list of individuals was determined through an industry-wide nominations phase…
Read More » -
Real Estate News
Pink October has been a resounding success for Century 21
Century 21 Australasia have declared the network’s Pink October fundraising initiatives a resounding success, with the network raising thousands of dollars for the Cancer Council’s Pink Ribbon campaign. For the fourth year running, the Australasian led initiative saw Century 21 agents exchange their signature gold real estate jackets for pink jackets and accessories. The network held a variety of events…
Read More » -
Real Estate News
PRDnationwide expands with the addition of six new offices in the past five months
PRDnationwide has been expanding with the addition of six new offices in the past five months. PRDnationwide, which is the wholly-owned residential brand of Colliers International, has seen an increased level of inquiries from potential new franchisees which has resulted in new offices coming on board, says managing director Tony Brasier. “The success of some of our current offices have…
Read More » -
FRANCHISE NEWS
Di Jones thrives as employer of choice
Recently recognised with the REINSW Award for Excellence for Real Estate Agency – Large, Di Jones has experienced a period of strong growth over the past 18 months under the leadership of Rob Ward. Flexible working hours, remote working and agent rewards lie at the core of Di Jones’ success, according to Mr Ward. “We have a strong focus on…
Read More » -
FRANCHISE NEWS
Ray White Projects announces key appointments
Ray White Projects Managing Director & Partner Eddie Mansour says former McGrath associate directors Paul Tutt and Craig Moore will bring decades of experience to the team of residential sales and marketing specialists. Mr Mansour says the new appointments align with Ray White Projects’ vision for long-term growth, with the business expected to announce several new residential projects in the…
Read More » -
Real Estate News
Clearance rates remain below 70% for 5th consecutive month with volumes on par to last year
National auction clearance results for the week ending 12/11/2017 courtesy of CoreLogic Clearance rates have continued to track below 70 percent since June the year; this is a considerably softer trend than what was seen over the same period last year when clearance rates were tracking around the mid 70 percent range for most of the second half 2016.Results across each of…
Read More » -
Real Estate News
Sunshine brings higher auction prices: UTS
“There is a link between sentiment, or mood, as measured by consumer sentiment surveys, and asset prices – including house prices,” says Dr Adrian Lee, Senior Lecturer in Finance at UTS Business School. “Weather is known to affect mood, and some studies have shown a link between the weather and stock prices, so we decided to look at weather and house…
Read More » -
Real Estate News
Ray White Group completes major “mobile first” upgrade to One System network
Ray White chief technology officer Matt Gay said the new platform, developed in-house by a dedicated team, was rolled out gradually as the design was tested and refined in direct partnership with leading franchisees. “This is the kind of project that can only be successfully executed by an internal team, where we can take the time required to experiment and…
Read More » -
Brand Editorial
VitrineMedia LED screens transform business of inaugural ‘Pimp my Shopfront’ winner
He’s referring, of course, to the VitrineMedia Backlit LED screens that have given the shopfront of his once dour premises on the town’s main street a vibrant facelift, increased traffic to the windows and contributed to a noticeable rise in sales since First National Gerringong won the inaugural ‘Pimp my Shopfront’ competition in late 2016 and as its prize, received…
Read More » -
Real Estate News
Don Ha delivers RE/MAX Revolution
The highly-acclaimed businessman and real estate identity, Don Ha, has embraced the global real estate giant, RE/MAX, and rebrands Don Ha Real Estate launching RE/MAX Revolution. Mr Ha will open the RE/MAX Revolution ‘super office’ in Hunter’s Corner, Papatoetoe on the 1st of January 2018. The existing Don Ha Manukau office will merge into the RE/MAX Revolution super office at…
Read More » -
INDUSTRY NEWS
The worst is over for Perth property market: REIWA
REIWA President Hayden Groves says conditions in the September quarter had mirrored those experienced in the June quarter, which indicated the Perth property market may have finally found its floor. “We’ve observed six months of stable conditions, with both the June and September quarters posting consistent results. Historically, before a market improves there is a sustained period of level stock,…
Read More » -
Scaling down: two-bedroom homes are Melbourne’s top performers
The latest REIV figures show the citywide median price for a two-bedroom house increased 17.1 per cent over the year to September to $891,500 – $130,000 more than the same period last year. This was higher than the metropolitan Melbourne median price for any other property type, including four-bedroom homes at $831,000. REIV President Richard Simpson said growth for two-bedroom…
Read More » -
Real Estate News
Australian commercial property market notches up FY gains; Raine & Horne
Raine & Horne Commercial have announced the launch of their latest edition of Commercial Insights, a comprehensive look at how commercial property markets are faring across the nation. Commercial Insights describes the three main factors driving commercial property: low interest rates, infrastructure projects, and a tightening supply of commercial assets. Low commercial lending rates Angus Raine, Executive Chairman of Raine…
Read More » -
FRANCHISE NEWS
Century 21 Eastern Suburbs Offices unite in a pink cause
Century 21 offices in Sydney’s eastern suburbs will be holding a super auction night on the 8th November at Clovelly Surf Club, with a donation from all properties sold on the night to be contributed to the Cancer Council’s Pink Ribbon campaign. For the first time ever, the Maroubra, Bondi Junction, Randwick and Rose Bay offices are joining forces to…
Read More » -
Real Estate News
Auction volumes normalise after last week’s lofty highs with a softening clearance rate
National auction clearance results for the week ending 05/11/2017 courtesy of CoreLogic There were a total of 2,019 auctions held returning a preliminary auction clearance rate of 66.8 percent, increasing on last week’s final clearance rate of 64.5 percent. Over the corresponding week last year, 73.6 percent of the 2,517 auction held were successful. Melbourne saw the most notable decrease in volumes;…
Read More » -
INDUSTRY NEWS
Dwelling approvals rise by 1.8 per cent in September
Shane Garrett, HIA Senior Economist, said the figures are a positive indication, especially when considered in context of the whole quarter. “During the September 2017 quarter overall, total approvals for new dwellings were up by 5.1 per cent. This was driven by an expansion of 7.6 per cent in multi-unit projects,” Mr Garrett said. “Activity on the apartment side of…
Read More » -
Real Estate News
Rent.com.au snapshot of the market and Australia’s most expensive and cheapest places to rent
Key points Sydney’s house prices show no sign of falling; prices increased 3.33% to a median of $620/week – still the highest prices in the country by far. Rent.com.au’s October property data indicates the national median remained stable month-on-month; median prices unchanged for apartments, houses and price-per-room (rental affordability). After a downturn in apartment prices in September for Sydney, median…
Read More » -
INDUSTRY NEWS
RBA’s seven-year itch: the growing number of borrowers who’ve never experienced a rate hike
Comparison website RateCity.com.au’s ‘Rate Forecaster’ found that 21 of the 23 indicators suggested the RBA would leave the official cash rate at a record-low 1.50 per cent, where it has been since August 2016. It’s now been seven years since the Reserve Bank lifted the official cash rate. RateCity money editor Sally Tindall said it is unlikely the RBA will…
Read More » -
CoreLogic October Home Value Index: Growth conditions flat nationally but Sydney values fall
The CoreLogic October Home Value Index Results show that growth conditions remained flat on a national basis while Sydney values fall. Since moving through a peak rate of growth in November 2016, capital gains across Australia’s housing market have been losing momentum, with national dwelling values unchanged over the month of October. For October, conditions were flat across both the…
Read More » -
Real Estate News
Console Group announces the sale of Property IQ and ADL Software
Console Group has announced the sale and transfer of ownership of PropertyIQ Pty Limited and its subsidiaries PropertyIQ Strata Pty Limited and ADL Software Pty Limited to new owner, Macquarie Bank Limited. The sale transaction was completed in whole today and is effective immediately. PropertyIQ Strata Pty Limited is the business behind PropertyIQ Strata, a specialist strata property management technology…
Read More » -
INDUSTRY NEWS
REIQ wish list ahead of election
REIQ CEO Antonia Mercorella said the election offered voters an opportunity to cast a vote for a candidate who recognises the importance that the real estate sector plays in the state’s economy. “Real estate employs around 50,000 Queenslanders and this makes it of huge significance to the future fortunes of Queensland,” Ms Mercorella said. “Improving the health of the sector…
Read More » -
INDUSTRY NEWS
Stamp duty is a “monster” tax that traps people, says REISA President Alex Ouwens after slow third quarter
REISA President Alex Ouwens said the results were not surprising given the third quarter is a traditionally slow period for sales. The figures showed a slight decrease in the median price from the previous quarter but also showed a 2.27% increase over the same quarter last year. In the September quarter, 4,028 houses settled across the Adelaide metropolitan area which…
Read More » -
Real Estate News
Record breaking auction volumes in VIC sees a new year-to-date high reached across the country
National auction clearance results for the week ending 29/10/2017 courtesy of CoreLogic This week, the combined capital cities saw the number of auctions held reached a new year-to-date high, with a total of 3,690 held, surpassing the previous 2017 high recorded over the week prior to Easter when 3,517 auctions were held. The higher volumes returned a preliminary auction clearance rate of…
Read More » -
INDUSTRY NEWS
Di Jones Appoints Customer Service Specialist
Di Jones Real Estate has appointed Patrick Distapan to the newly created role of Customer Relationship Manager. Di Jones CEO Rob Ward said the role was an important step in ensuring that client’s needs across all aspects of the business, including buying and leasing, are being met. “Patrick will take the time to discover each client’s specific situation and will…
Read More »