-
Real Estate News
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.…
Read More » -
National
Rent360 launches online marketplace for property management
Saying they are set to disrupt traditional property management businesses, startup Rent360 has launched an Australian online marketplace for property management that allows independent pm specialists to establish their own businesses. Co-Founder and Chief Operating Officer Penelope Valentine explained how the platform works: “Rent360’s recommendation engine matches property investors with up to three of the best suited property managers servicing the…
Read More » -
Real Estate News
Raine & Horne recognises Woodford office its best for business growth
In a major changing of the guard, Raine & Horne Woodford was named Raine & Horne’s best office for business growth in Queensland in 2016. The leading local real estate office is led by Principal Jill Garth, and the win is a huge result for the team at Raine & Horne Woodford, given the massive growth of the Raine &…
Read More » -
Real Estate News
LJX-Lab announces digital real estate challenger, Settl
LJ Hooker today announced the first stand-alone business to come out of LJX-Lab. Settl will be a new hybrid online to offline real estate agency model that will be scaled in partnership with the LJ Hooker network to meet new trends in consumer needs. Settl is part of LJ Hooker’s $100 million digital transformation and has been in research and development…
Read More » -
FRANCHISE NEWS
Di Jones Real Estate recognises talent at first ever Annual Awards
The legacy of 25 years of the Di Jones Real Estate brand was celebrated on Sunday 26 February at the first-ever Di Jones Real Estate Annual Awards. The black tie Gala Dinner saw team members across five offices come together to recognise their achievements. Di Jones Real Estate CEO Rob Ward said that the awards were a great tribute to…
Read More » -
National
Auction volumes reach all time record high for month of February
Auction clearance rates reach the highest level over the calendar year to date as auction volumes reach a record high for February, with 3,232 auctions held across the combined capital cities. National auction clearance results for the week ending 26/02/2017 courtesy of CoreLogic Across the combined capital cities this week, the number of properties taken to auction increased dramatically, with 3,232 auctions…
Read More » -
Elite Agent
Gold Coast duo sell $22 million worth of real estate in three weeks
Ray White Broadbeach agents Sam Guo and Julia Kuo have sold $22 million worth of Gold Coast real estate in the past 21 days. Of the 11 properties the duo sold in the last three weeks, four were to Asian buyers and accounted for $13 million. “Buyers are seeking quality real estate and we’re very fortunate to be able to…
Read More » -
Real Estate News
Double Bay agent dominates Raine & Horne NSW awards
Raine & Horne Double Bay and its selling whiz, Ric Serrao, have dominated the Raine & Horne NSW State awards, held at the Westin Hotel, Sydney last Saturday night. The prestigious awards attracted 450 attendees, a record for the annual event. Mr Serrao was named Raine & Horne’s Top Salesperson (Principal) – Number of Sales and Top Salesperson (Principal) –…
Read More » -
Real Estate News
Uber No Challenge to Tradies
Tech start-ups may have displaced paper directories like the Yellow Pages, but tradies are not at risk of being ‘Uber-fied’, ServiceSeeking.com.au chief Jeremy Levitt said. Many industries have been disrupted by similar on-demand software, not just taxis – but also food delivery with the likes of Deliveroo and Foodora, and even relationships through Tinder. Since the 2007 launch of ServiceSeeking.com.au,…
Read More » -
Real Estate News
High homebuyer pressure pulls North West development dates forward
The Hills of Carmel, a 2,000 lot sub-division spread across 223 hectares in Sydney’s North West, has had its buyer registration period brought forward by four months to meet demand for prompt settlement. Registration is the formal process of lodging the individual lots with the land titles office, allowing the final settlement of property to take place. As a result,…
Read More » -
Real Estate News
Elders real estate foot print expands, plans to acquire prominent WA agency
Elders, now in its 177th year, has announced that it has entered into an agreement to acquire the Southern Districts Estate Agency (SDEA) headquartered in Bunbury. Established more than 40 years ago as a rural real estate and auctioneering business, SDEA is a leading residential and commercial real estate agency operating from three locations in the South West region of…
Read More » -
Real Estate News
RE/MAX Australia & New Zealand nominated for agency’s Global Region of the Year
RE/MAX Australia and RE/MAX New Zealand are two of six regions nominated for the RE/MAX Global Region of the Year award, with the winner and runner-up to be announced in Las Vegas on 28th February 2017. Michael Davoren, Managing Director of RE/MAX Australia and RE/MAX New Zealand, will be in Las Vegas at the RE/MAX R4 Convention, where he hopes…
Read More » -
Real Estate News
Ray White Emms Mooney expands Bathurst operation
The number one Rural business in the Ray White network has cemented its presence even further with the expansion and relocation of its new Bathurst branch. Seeing exponential growth, the team achieved a record result in December of just shy of $40 million in residential and rural sales and Director, Pat Bird said the expansion was a natural progression for…
Read More » -
National
Real Estate Results Network 2016 Award Winners
Top performing independent real estate agents from the Real Estate Results Network (RERN) in Australia and New Zealand were celebrated at the 11th annual awards (ARERAs) held in Sydney on Monday night. This year’s ARERAs were strongly contested, seeing between five and nine finalists vying for the top honour in many of the individual and agency categories. The Roaring Twenties-themed…
Read More » -
Real Estate News
Fairfax set to spin off Domain
Updated: 11.45 am 22 Feb Fairfax confirms spinning off Domain. Here is what we understand so far. On Wednesday morning the AFR (a Fairfax Media owned newspaper) confirms that its parent company was considering spinning off Domain real estate advertising business into a separate entity. Details of the Domain spin off have sent Fairfax shares up by 9 percent to…
Read More » -
Real Estate News
Sydney densities spreading to the Southern Highlands
High-density living is spreading well beyond Sydney, with properties for sale in the Southern Highlands increasingly on blocks of 500 square metres or less, according to a Mittagong builder. Thirty-year Southern Highlands building veteran, Steve Turland of ‘S Turland Building’ said it was now difficult to find acreage in his hometown of Mittagong. “Blocks are getting smaller and smaller. It’s…
Read More » -
Real Estate News
Queensland’s best recognised at Raine & Horne industry awards
The Raine & Horne Queensland & Northern Rivers State awards held at the luxurious Jupiter’s Casino attracted 370 of Raine & Horne’s best and brightest, a record for the annual event. In a major changing of the guard, Jamie Wilmen of Raine & Horne Pottsville/Cabarita Beach was named Raine & Horne’s best sales agent for dollar value and number of…
Read More » -
National
Auction volumes surge past 2000 across the country for the first time in 2017
Auction volumes surge past 2,000 for the first time this year across Australia’s combined capital cities, with CoreLogic’s preliminary clearance rate reaching 77 percent. National auction clearance results for the week ending 19/02/2017 courtesy of CoreLogic The combined capital city preliminary clearance rate remained in the high 70 percent range over the week, despite auction volumes reaching the highest level so far this…
Read More » -
Real Estate News
RE/MAX rewards its best of 2016 in a gala event
RE/MAX Australia announced its top performers for 2016 at a gala event held at Brisbane City Hall this month (16th February) and celebrated an exceptional year of growth and innovation. Keeping with tradition, the network’s ultimate individual honour, The Eagle Award, was the final announcement for the evening, with Murray Carter, broker-owner of RE/MAX Regency the 2017 recipient. RE/MAX Regency…
Read More » -
FRANCHISE NEWS
Raine & Horne targets Dubai tourism market with new holiday letting business
Raine & Horne has launched a holiday rental business in Dubai, becoming the only Australian property firm with a vacations business in the UAE. Launched in January, Raine & Horne Holiday Homes is led by co-principals Shine Sunny and Sanjay Chimnani. “Between Sanjay and Shine, Raine & Horne Holiday Homes has real estate, hospitality, marketing and PR experience, and this…
Read More » -
Real Estate News
REA Group Posts Strong H1 Result for Investors
Last week, REA Group announced its results for the half year ended 31 December 2016. Financial Highlights, despite lower total listing volumes overall, include: Revenue growth of 16% An increase in EBITDA of 13% Interim dividend of 40 cents per share, up 11% The revenue growth is attributed to a 13% increase in the Australian residential business, plus inclusion of iProperty revenue,…
Read More » -
National
Preliminary clearance rates surges to 76.6% as auction numbers trend higher
It has been a strong week for auction activity across the capital cities, with the number of auctions more than doubling compared with last week in Sydney and Melbourne. National auction clearance results for the week ending 12/02/2017 courtesy of CoreLogic Despite the surge in the number of auctions held, the combined capitals regions recorded a preliminary auction clearance rate of 76.6 percent,…
Read More » -
Real Estate News
Key school catchment zones record more than 5x growth of capital cities: Domain
Annual house price growth figures in key government school catchment zones are outpacing capital city growth by more than five times in some key areas, according to Domain’s Annual School Zones Report. With the new school year just underway, Domain last week released its Annual School Zones Report, uncovering the primary and secondary government school catchment zones that have experienced…
Read More » -
INDUSTRY NEWS
Where do properties sell fastest in Australia, CoreLogic Property Pulse
Melbourne properties sell the fastest of any capital city according to CoreLogic’s latest Property Pulse Market Update report. Melbourne dwellings took an average of 35 days to sell in December 2015 with the figure falling to an historic low of 29 days at the end of 2016 while the typical Sydney dwelling sold after an average of 33 days in…
Read More » -
INDUSTRY NEWS
RealSatisfied and reiwa.com AgentFinder partner to help set higher standards in WA
RealSatisfied and reiwa.com AgentFinder have partnered to create an effortless way for West Australians to find trusted, credible and reliable real estate professionals online. RealSatisfied is a customer satisfaction platform which collects customer feedback at the close of a real estate transaction, founded in Australia and now a leading platform in the United States real estate industry. From February 2017,…
Read More » -
National
Auction volumes double over the week, coming out of the seasonal slowdown
National auction clearance results week ending 05/01/2017 The auction market will start to gather momentum coming into February after the seasonal slowdown over the holiday period, with auction numbers doubling over the week across the combined capital cities. There were 867 auctions being tracked by CoreLogic this week, with a preliminary clearance rate of 70.8 percent, compared to last week’s…
Read More » -
Real Estate News
December building approvals fall: ABS
The latest building approvals data, released by the Australian Bureau of Statistics on Thursday, confirms that the housing market is very much a Sydney and Melbourne story. “Building approvals fell by 6.3 per cent in NSW, underwriting a fall in total dwelling units approved of 1.2 per cent over December 2016. Meanwhile, Victoria has sustained a small rebound in total…
Read More » -
Real Estate News
Perth property market rises in December quarter
Perth’s median house price showed signs of strength in the December quarter, with the preliminary median for the three months to December 2016 holding firm at $520,000. Real Estate Institute of Western Australia (REIWA) President Hayden Groves said this preliminary figure was the same as the revised September quarter 2016 median house price. “It’s a very good sign for the…
Read More » -
Real Estate News
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…
Read More » -
FRANCHISE NEWS
Coronis rewards landlords with new Advantage Club
South East Queensland real estate business Coronis has launched a new loyalty program to reward and thank their landlords for their ongoing support. The Coronis Advantage Club is exclusively for the company’s 7000 landlords who will now receive a variety of discounts on real estate services offered by Coronis and their referral partners including selling fees, financial services, building and…
Read More » -
INDUSTRY NEWS
Real Estate Agencies no longer in Fair Trading’s bad books
The New South Wales Fair Trading recently released its December 2016 Complaints Register, noting that for the first time in the register’s history there are no real-estate agencies on the list. Fair Trading publishes its Complaints Register monthly, listing businesses that are the subject of 10 or more complaints to the agency in the previous calendar month. Since the launch…
Read More » -
FRANCHISE NEWS
Ray White exceed $70m at auction on the Gold Coast
Ray White offices across the Gold Coast collectively auctioned nearly 200 properties and sold $72 million worth of real estate in one week. Dubbed “the grand final of auctions”, Ray White Surfers Paradise Group’s annual auction extravaganza, The Event, was held last Sunday and showcased 130 homes. Selling over $40 million in one day, 2,000 people were in attendance with…
Read More » -
Real Estate News
Smoke Alarm Solutions to empower property management leaders at ALPPPS
Smoke Alarm Solutions (SAS), one of the largest providers of smoke alarm compliance and maintenance services to the Australian real estate industry, is coming on board at ALPPPS 2017 to empower property management leaders with smoke alarm best practice. Taking place on 2-3 March, the ALPPPS property management leadership summit helps principals, team leaders and career property managers move mountains…
Read More » -
INDUSTRY NEWS
REIA calls for action on affordable housing and property taxation
REIA’s Pre Budget Submission to Government focuses on taxation as it relates to property and the need for a holistic approach and housing affordability including the need to address the rapid decline in the number of first home buyers. The Submission notes that dwelling investment supported by historically low interest rates has been a significant contributor to growth in the…
Read More » -
Elite Agent
New NSW Cabinet line-up welcomed by Green Building Council of Australia
The Green Building Council of Australia (GBCA) has welcomed the New South Wales cabinet and is looking forward to work with Premier Gladys Berejiklian and her team to build a healthy, livable, sustainable future. Anthony Roberts, who has previously held the position of Energy Minister, takes on the role of Minister for Planning and Minister for Housing, while former Attorney-General…
Read More »