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INDUSTRY NEWS
Window closing for buyers as Darwin’s real estate market rebounds: Raine & Horne
After two challenging years for the real estate market in Darwin, the number of buyers has increased threefold in the first month of 2017, according to Raine & Horne Darwin. “We hosted an average of 4.5 groups at every open home in January. We were lucky to attract an average of 1.5 groups over the last two years,” said Glenn…
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INDUSTRY NEWS
Queensland rental markets tighten in December 2016 quarter: REIQ
Queensland’s rental market improved over the December quarter with many markets behaving as forecast, returning to more traditional vacancy rates after an unusual September quarter result. REIQ CEO Antonia Mercorella said, generally speaking, the year ended on a steady note. “The data has shown that supply and demand in the rental market is fairly evenly matched in the southeast corner.…
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INDUSTRY NEWS
CoreLogic Pain & Gain Report: September 2016 Quarter
The average profit on resale increases to $262,672 while average loss was $71,529 over the September 2016 Quarter, according to the latest CoreLogic Pain & Gain Report. The latest September 2016 quarter Pain & Gain Report produced by CoreLogic delivers a timely market analysis for residential property resales over the quarter by comparing the most recent sale price to its…
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Real Estate News
REINSW’s Tim Anderson recognised with OAM
Long-standing member of the Real Estate Institute of New South Wales and Life Fellow Tim Anderson has been recognised with the Medal of the Order of Australia in the General Division (OAM). REINSW CEO Tim McKibbin said throughout his career, Tim Anderson has actively promoted professionalism and integrity in the industry and has applied these attributes to all his activities.…
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INDUSTRY NEWS
Australasian Real Estate Results Awards 2017 Finalists Announced
The top performing independent real estate agencies and individuals across Australasia have been revealed last week as finalists in the 11th annual Australasian Real Estate Results Awards (ARERAs), to be staged in Sydney next month. Hosted by the Real Estate Results Network (RERN), the ARERAs is the industry’s pinnacle awards event that recognises and celebrates the outstanding achievers in property throughout…
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INDUSTRY NEWS
Domain House Price Report: December Quarter 2016
National prices have increased over the quarter, although the annual growth rate is the lowest since 2012 – according to the latest quarterly Domain House Price Report. Over the quarter, median house prices increased in all capital cities, except Perth and Darwin. The national median house price increased by 3.4 per cent to $780,887, the strongest quarterly result since the…
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INDUSTRY NEWS
Domain Rental Price Report: December Quarter 2016
House rents have increased in most capitals, with the rental market outlook looking positive for investors – according to the December quarter Domain Rent Report. Median house rents increased in Sydney, Melbourne, Brisbane, Adelaide, Canberra and Hobart. The resource capital of Perth continued to remain the clear exception to the trend, with high vacancy rates and rents continuing to fall.…
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Real Estate News
Realtor.com Unveils News Features For Instant Home Details with a Simple Point of a Smartphone
Realtor.com in the US this week announced two new products that Australia saw close prototypes of at AREC 2016; Sign Snap and Street Peek. The Sign Snap feature, available today, uses image recognition technologies, as well as the smartphone’s camera and GPS capabilities. Users can snap a photo of a real estate for-sale or for-rent sign they happen to be…
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Real Estate News
Super Sales Week for Ray White Coming Up on the Gold Coast
The Gold Coast property market looks as though it will be painted yellow in the final weeks of January with five of Ray White’s most prominent businesses conducting around 200 auctions in a nine-day period. The auction season kicks off this weekend with the Ray White Gold Coast South Network holding 38 auctions on 22 January at Twin Towns in…
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INDUSTRY NEWS
Premier Mike Baird leaves strong legacy, says Property Council NSW
In response to Mike Baird’s announcement to retire, the Property Council NSW has congratulated the outgoing NSW Premier on the strong legacy he will leave for the people of the state. Property Council NSW Deputy Executive Director Cheryl Thomas has commended Premier Mike Baird for implementing a range of reforms that have placed the state in a good economic position. “True to his…
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FRANCHISE NEWS
Belle Property opens first office in Melbourne
Boutique real estate group, Belle Property International is redefining real estate in Melbourne with the opening of their office in Docklands. A world-class concierge partner that represents both property developers and investors across Asia and Australia, Belle Property International Melbourne is set to deliver a personalised and unique approach to large scale projects. A well-respected expert who has been involved…
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INDUSTRY NEWS
Holiday season impacts vacancy rates: REINSW
Residential vacancy rates were affected by the Christmas period, according to data released by the Real Estate Institute of New South Wales. REINSW President John Cunningham said the December 2016 REINSW Vacancy Rate Survey was at 2.0 per cent, up 0.2 per cent for Sydney. “Middle Sydney and Outer Sydney saw rises of 0.6 per cent and 0.2 per cent…
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FRANCHISE NEWS
Laing+Simmons Scholarship Winner Lands Full-time Role
Prospect local Julia Sallows has been unveiled as the winner of this year’s Laing+Simmons Scholarship Program, the annual initiative designed to unearth talented agents of the future and kickstart their career in real estate. Julia’s win sees her join leading local real estate office Laing+Simmons Blacktown, where she’ll work alongside experienced sales specialist Mark Stone. Julia completed a week’s work…
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EPM
Help Owners Protect Their Investment with ‘Meth’ Education Program
The use of methamphetamine (meth) has tripled in Australia in the last five years. Many property managers have already seen firsthand the cost and hassle of cleaning a property with unsafe levels of contamination, caused not only by undetected meth labs but also the smoking of meth, or ice, inside residential properties. As reported earlier, the number of Australians using…
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FRANCHISE NEWS
South Coast home goes under the hammer for Cystic Fibrosis community: LJ Hooker
Research and support for Australia’s cystic fibrosis community will be boosted when a South Coast home built entirely through business and community generosity goes under the hammer on January 28. The LJ Hooker Foundation – the charitable arm of LJ Hooker offices nationwide – will donate the full purchase price of the three-bedroom, two-bathroom home at Malua Bay, New South…
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INDUSTRY NEWS
iProperty Group announces Haresh Khoobchandani as General Manager in Malaysia and Singapore
REA Group today announced the appointment of Mr Haresh Khoobchandani to the role of iProperty Group General Manager, Malaysia and Singapore. He will commence the role on 12 January 2017. Mr Khoobchandani has more than 20 years of sales, marketing and leadership expertise, with extensive experience within the Asia Pacific region. Previously, Mr Khoobchandani was GM Microsoft Business Solutions for…
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INDUSTRY NEWS
Stamp duty breaks for older empty nesters will help solve second home buyer dilemma
A stamp duty break for empty nesters aged over 70 could ease housing affordability stresses in Sydney and Melbourne, according to Angus Raine, Executive Chairman, Raine & Horne. “The national housing debate focuses mostly on first home buyers, and with good reason given climbing real estate values combined with an ongoing shortage of new homes,” said Mr Raine. Sydney housing…
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INDUSTRY NEWS
Perth’s median house price increases again in December: REIWA
Perth’s median house price increased by nearly two per cent in the three months to December 2016. REIWA President Hayden Groves said reiwa.com data showed the median house price had lifted 1.9 per cent to $535,000 over the three month period. “This is the second month in a row that we’ve seen an increase in the median house price, which…
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EPM
Bondsure records high uptake, just weeks after its launch
Bondsure, an insurance company that provides tenants with an option to pay their bonds on an installment basis been making waves within the real estate industry 10 weeks after its launch in October. The product which is specifically aimed at Australia’s growing tenancy market has had over 80 real estate offices signing up to use its services with more expected…
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INDUSTRY NEWS
realestate.com.au welcomes EnergyAustralia to Connection Services
Connection Services by realestate.com.au, an online solution helping movers to easily connect with utilities and telecommunications providers, has now welcomed EnergyAustralia to its list of energy providers. EnergyAustralia joins AGL and Origin as utilities providers on Connection Services, giving Australian movers more choice than ever before. Movers that select EnergyAustralia for Electricity or Gas will have their services supplied under…
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INDUSTRY NEWS
Seller Hub by realestate.com.au opens for inspection
Seller Hub, a new dedicated space on realestate.com.au, aims to give consumers access to the best information and insights before their property goes under the hammer. The new Seller Hub is designed to help make the selling process easier for consumers, by arming them with relevant tools to help with a successful sale. In Australia alone there are 1.2 million…
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INDUSTRY NEWS
Perth real estate starting to bounce back: Raine & Horne
After a sequence of flat years due to the resource sector downturn, there are early signs Perth’s property market is turning a corner, according to leading real estate group, Raine & Horne. “Economic reports in January and February will set the tone for a 2017 rebound,” said Craig Abbott, General Manager WA, Raine & Horne. “The key factors we’ll be…
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INDUSTRY NEWS
realestate.com.au moves into the mortgage space
realestate.com.au and National Australia Bank (NAB) have today announced a five-year strategic partnership that will transform the property buying experience for Australians. As part of the experience, consumers will be able to access a suite of NAB home loans, a realestate.com.au branded white label product, as well as a panel of other lenders. “We know that Australians are property obsessed,…
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FRANCHISE NEWS
Coronis Announces 2016 Top Performers
The Coronis Group held their 2016 Annual Awards at Brisbane City Hall on Saturday night, 17 December, where they announced Coronis Bracken Ridge as Team of the Year. Presented by Managing Director Andrew Coronis, Sales Director Craig Gillies and Property Management Director Jodi Ford, the Bracken Ridge office won based on profitability and their exemplary team culture. “2016 has been…
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EPM
Changes to Rental Bonds Online (RBO) from 30th January
From 30 January 2017, changes to the Residential Tenancies Act 2010 (the Act) make it mandatory for landlords and real estate agents to invite tenants to lodge their rental bonds using Rental Bonds Online (RBO). The amendment does not change any other provisions in the Act, including those relating to the lodgement and claims for bonds. Landlords and Real Estate…
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National
Clearance rates remain above 70 percent on tapering volumes (18/12/16)
The final week of auction reporting for the year sees the combined capital city clearance rate remain above 70 percent, while auction volumes continue their seasonal taper Auction activity continued to ease this week after a surge in auctions over the past four weeks. The combined capital city clearance rate fell slightly to 70.5 percent, down from last week’s 71.6 percent.…
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INDUSTRY NEWS
REA Statistics show Australia is obsessed with property
Australia’s obsession with property has continued this year with realestate.com.au revealing their statistics for the year. A single realestate.com.au user viewed more than 17,000 unique property listings this year, almost 50 per day[1]. 6.5 million visits to property listings on realestate.com.au on average every day[2]. 110 million hours spent looking at property and news on realestate.com.au so far in 2016[3].…
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EPM
Kick off the year with Growing Stronger Together
Growing Stronger Together, an intensive one-day property management event series, kicks off in February 2017. Brought to you by the Real Estate Training Group (RETG), the event explores strategic team collaboration and accelerated rent roll growth in a series of sessions led by some of the industry’s most successful thoughtleaders. The core program will focus on strategically unpacking the topics…
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Elite Agent
It’s not just the Titling system SA is first at…
The Real Estate Institute of South Australia (REISA) embarked on an aggressive adoption of electronic documentation many years ago which is paying off in dividends now. Three years ago the REISA stopped printing or selling its documentation in hard copy and is now leading the way with its adoption of the REI Forms Live platform’s Docusign process. REI Forms Live platform – that…
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Elite Agent
Property owners celebrate an early Christmas with $35,000 win: LJ Hooker
A Bermagui couple is celebrating Christmas early after walking away with a $35,000 travel voucher as winners of the LJ Hooker network’s spring marketing campaign. Every property owner and landlord that had a market update with LJ Hooker over spring 2016 went into a draw to be the randomly selected person to spin the network’s Million Dollar Prize Wheel. Gordon…
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Elite Agent
Domain named as one of the Best Apps for 2016 on Google Play Store
Domain has been named one of the best apps for 2016 by the Google Play store. The list, curated by the Google Play team, features the most innovative, share-worthy, downloaded and useful apps of the year. Domain was included in the ‘Best Local’ apps category which also included UberEATS, Citymapper, Carsales and Weatherzone. The app has earned a customer rating…
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Real Estate News
Increasing professional standards a priority: REINSW
Increasing professional standards in the real estate industry has been recognised by agents and industry leaders who attended the Real Estate Institute of New South Wales’ fourth annual Industry Summit last month, as a priority. REINSW President John Cunningham said over 100 delegates gathered at the Sydney Opera House on 24 November 2016 to discuss and debate ‘The Path to…
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INDUSTRY NEWS
Property prices reflecting state economies: REIA
REIA has released the REIA Real Estate Market Facts for the September quarter 2016 which shows that the weighted average capital city median price increased by 1.4% for houses and 1.6% for other dwellings. “The weighted average median house price for the eight capital cities is now $712,776. Reflecting the differing fortunes of state economies, over the quarter, the median…
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INDUSTRY NEWS
Stamp duty a significant cost barrier for Sydney and Melbourne markets: CoreLogic
Higher priced properties in Sydney and Melbourne is not the only obstacle stopping people from entering these markets. Varying from state to state, another factor contributing to the high entry cost to housing is Stamp Duty, particularly in Australia’s largest two capital cities. CoreLogic Head of Research Tim Lawless said, “Calculating how much stamp duty is applicable on a property…
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Elite Agent
NSW, you can’t dine out on stamp duty forever: Leanne Pilkington
Laing + Simmons Managing Director and incoming REINSW President, Leanne Pilkington has penned a cautionary memo to the NSW Government telling them, they cannnot continue to dine out on NSW stamp duty revenues – highlighting the issue of housing affordability in the state, particularly in Sydney. Here is the full release: MEMO TO NSW GOVT: YOU CAN’T DINE OUT ON STAMP…
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