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National
Volumes rise and return a strong clearance rate (W/E 09/10/16)
After a relatively quiet weekend last weekend, volumes and clearance rates have risen substantially this week. There were 2,246 auctions held across the combined capital cities. The preliminary clearance rate was 79.2 percent this week, up from a final clearance rate of 75.8 per cent last week across just 872 auctions. This week four of the capital cities recorded clearance…
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Real Estate News
Property Council calls for tax reductions on transacting property in NSW
NSW Treasurer Gladys Berejiklian’s announcement today that NSW is ‘back in the black’ having wiped out state debt for the first time in 20 years with a $4.7 billion surplus in the bank, and the Property Council of Australia are saying there has never been a better time to reduce the tax burden on people developing, selling and buying property…
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EPM: News
NSW property transfer of 18,000 homes welcomed by CHP Sector
Today’s announcement by the NSW Baird Government of a long lease property transfer of 18,000 homes is welcomed by Australian CHPs for taking a forward thinking and common sense approach to providing better social housing outcomes. PowerHousing Australia which represents 27 of Australia’s largest Community Housing Providers (CHPs) said that our members are already working with property transfer in other…
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FRANCHISE NEWS
RE/MAX Attends AU-NZ Broker Owner Forum in Bangkok
RE/MAX Australia and New Zealand franchise owners plus agents and other directors have recently returned from Bangkok having attended the RE/MAX Australia-New Zealand Broker Owner Forum, and the Asia-Pacific Convention. More than 300 delegates representing all 15 countries in the Asia-Pacific region – Australia, New Zealand, Thailand, Indonesia, Singapore, Philippines, Guam, Korea, China, Japan, India, Sri Lanka, Mongolia, Malaysia and…
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Real Estate News
REIWA Awards for Excellence 2016 Winners Announced
The Real Estate Institute of Western Australia hosted more than 400 real estate professionals at a formal dinner at Crown Perth on Wednesday night to recognise excellence in real estate. REIWA CEO Neville Pozzi said the awards provided the Institute with the opportunity to recognise and celebrate the very best in the industry. “This year, we received a record number…
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INDUSTRY NEWS
Roy Morgan Research: Over 300,000 mortgage holders have little to no equity in homes
Overall some 6.8% (311,000) of mortgage holders in Australia have been identified as having little or no real equity in their home. This is based on the fact that the value of their home is only equal to or less than the amount they still owe, placing them at considerable risk if they have to sell or prices decline. This…
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FRANCHISE NEWS
Century 21’s Famous Gold Jacket Tickled Pink for Pink Ribbon Campaign
The world’s most recognised real estate jacket is turning pink for the month of October in an initiative aimed at raising awareness and funds for Cancer Council’s ‘Pink Ribbon’ campaign. For the third year running, Century 21 agents across Australia and New Zealand will be seen at auctions, open homes and around their local communities wearing limited edition pink jackets,…
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INDUSTRY NEWS
realestate.com.au moves into virtual reality
Australian property seekers and daydreamers will soon be able to explore their dream home in virtual reality through realestate VR, realestate.com.au’s virtual reality property app, coming soon to Android mobile devices. realestate VR will allow people to tour through a property from the comfort of their couch via their virtual reality device, offering a new and exciting way to experience…
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INDUSTRY NEWS
Starting young: Schools Auction Idol in SA teaches students about the art of auction
Raising the profile of the industry in the community, Schools Auction Idol teaches high school students about real estate via the ‘art of auction’. The Schools Auction Idol program is on the brink of achieving its 10th year of operation, and it is slowly but steadily growing: in September 2015, the Inaugural Australasian Schools Auction Idol Championships was held at…
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Real Estate News
Matterport Launches the World’s Largest Virtual Reality Library of Real World Places
Immersive media platform company Matterport, today announced the launch of CoreVR, a simple option to add Virtual Reality (VR) support to any Matterport 3D Space. This announcement makes the world’s largest library of 3D Spaces immediately available to everyone, and offers an easy and highly scalable way to capture more real-world places in 3D and then share those spaces in…
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National
Auction volumes fall but clearance rates remain steady (W/E 02/10/16)
There was a substantial drop in auction numbers this week due to the grand finals and the Labour Day long weekend. 853 properties were taken to auction last week, with a preliminary clearance rate of 77.5 percent, compared to the same time last year when there were 865 auctions were held, with a clearance rate of 68.2 per cent. In…
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INDUSTRY NEWS
RBA set to continue rate-holding pattern, say RateCity
To view the full-size infographic, click here. The RateCity.com.au analysis of over 30 key economic indicators suggests rates would remain on hold at 1.5% for the second consecutive month. Peter Arnold, data insights director at RateCity.com.au, said Australia’s GDP is growing and, domestically, iron ore prices have continued their winning streak. “Australia’s economy grew by 3.3 per cent over the…
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Real Estate News
CoreLogic Home Value Index September 2016
Capital city dwelling values increase by 1.0% in September to be 2.9% higher over the quarter, according to CoreLogic’s Hedonic Home Value Index for the month, taking the current growth phase into its 52nd month. Capital city dwelling values continued to show a strong headline rate of growth over the September quarter, with the CoreLogic Hedonic Home Value Index rising…
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Real Estate News
Sixteen New Offices Open With Century 21
Century 21 has recently added sixteen new offices in locations across Australia and New Zealand, further enhancing the strength of the group’s Australasian network. Six new offices have opened in New South Wales, two new offices in Victoria, two new offices in Queensland, one office in Western Australia, one in South Australia, one in Tasmania and three in New Zealand.…
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Real Estate News
Have you got what it takes to be on the REI Super Board?
The superannuation fund for the real estate industry, REI Super, will be holding elections for four positions on its board of trustee directors next year. The call for nominations will be made in June 2017 and the elected directors will take office on 1 October 2017. There are ten directors of REI Super’s Trustee company. Eight are elected by members…
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Real Estate News
Juwai.com hires three new execs in preparation for IPO
Juwai.com, the largest Chinese international real estate website, has announced the appointment of a new CFO, new Head of Australia & New Zealand – Residential, and new Head of China Engagement. The new hires will help it manage its rapid growth as it prepares for an IPO on Australia’s ASX in the coming year. Tracy Wu, Head of China Engagement…
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Real Estate News
Love, love me do: Invited guests loved The Beatles show
More than 120 guests joined the team at RE/MAX Riverside for the Premiere Week screening of Ron Howard’s latest film, ‘The Beatles – Eight Days a Week – The Touring Years’ on 21st September 2016 at the Regal Twin Boutique Arthouse Cinema in the Brisbane suburb of Graceville. The event was real estate Principal Martin Hood’s fifth annual Exclusive Client…
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Real Estate News
Home Addressed announces 30 Day Home Co-ownership Challenge
The 30 Day Home Co-ownership Challenge, by Home Addressed, is designed to inform and teach first home buyers to take a creative approach to home ownership and to shrug off the ‘generation rent’ tag. Buyers wanting to participate will need to find a suitable co-buddy with whom to team up and buy a property. The co-partners have 30 days to meet on the…
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Real Estate News
Eastern Seaboard States Drive Population Growth
The latest ABS demographic statistics released show the annual rate of population growth held steady at 1.4 per cent in the first quarter 2016, however the wide divergences between the states and territories remained, said the Housing Industry Association (HIA), the voice of Australia’s residential building industry. The ABS figures confirmed that Australia’s population broke through 24 million during first…
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Real Estate News
Chinese investors shop online for property with estarhome.com
Chinese organisation, the Fosun Group, has designed an online shopping-style platform that allows middle-class Chinese investors who are seeking a safe haven, outside of China, to purchase an overseas property. The site, Estarhome.com is an online-to-offline service that provides a way for Chinese investors to find Australian properties as investments. Chinese buyers are investing mostly in new apartments and according…
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National
Preliminary clearance rates remain above 70% for the 9th consecutive week (W/E 25/9/16)
It has been another strong week for auction activity, there were 2,445 auctions held across the combined capital cities with a preliminary auction clearance rate of 78.3 per cent this week. Last week, the final auction clearance rate was recorded at 76.2 per cent with 2,149 residential properties taken to auction. At the same time last year, auction volumes were…
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Real Estate News
Domain Group continues its expansion into Geelong
Domain Group has continued its rapid push into Geelong with the launch of a new free weekly real estate magazine that will also be inserted into copies of The Age and The Australian Financial Review in Geelong. The new Domain Geelong magazine will have a circulation of 65,000 copies, more than twice the nearest competitor, will be distributed to every…
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Real Estate News
Domain brings real time chat to the world of property
Potential buyers and renters will now be able to chat directly with real estate agents with the launch of Domain Chat, a new app feature released by Domain that speeds up the search and is supposed to help consumers secure their dream home faster. Chat has been one of the fastest-growing online behaviours on the internet, nearly doubling users over the…
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Real Estate News
Richardson & Wrench goes social in new brand campaign
The Richardson & Wrench network has begun rolling out a new national brand campaign aimed squarely at leveraging the power of social media. The multi-platform campaign running across social media and digital platforms, is a 40-episode series of snackable videos as its centrepiece complemented by targeted distribution marketing. R&W Group Development Manager Amanda Ward said the group had adopted an “always-on”…
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INDUSTRY NEWS
REIV Awards for Excellence Finalists Announced
REIV has announced the finalists for its annual REIV Awards for Excellence. The awards recognise and reward members who have gone the extra mile in pursuit of service, ethics and results. This year’s awards will be presented at the Awards for Excellence Gala Dinner at Crown Towers on Thursday, 27 October. Agency Awards: Best Website Award Think Property & Co. Nelson Alexander Pty…
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Video of the Week
Lifestyle feels – Jodie Curran
What better way though is to have a live musician playing a classic! Thanks to Tom Gajic for sending us in this nomination. Want to see your video featured here? Send in your property videos to editor@eliteagent.com… More videos of the week
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Real Estate News
World First Flat-Packed, Off-Grid Tiny Home Launching at Sydney Architecture Festival
Big World Homes have developed the very first flat-packed, off-grid tiny home – utilising un-activated urban spaces for transitional pop-up communities – offering a revolutionary solution to Sydney’s housing affordability crisis. “We’re excited to be launching one of the most progressive, socially oriented, community driven housing projects that Australia has ever seen, at a time when new options in affordable housing…
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EPM: News
Sophie Lyon Elected to REIV Board
Jellis Craig Boroondara’s Property Management GM Sophie Lyon has been announced as a new board member of the Real Estate Institute of Victoria (REIV). The REIV is the professional association for Victoria’s real estate industry and has over 2,000 agencies as members. Lyon’s appointment means that she will be one of three female members on the eight-member board; whereas during…
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Real Estate News
Median house price up in Brisbane in a quarter of surprises, REIQ
The property market in the southeast corner of Queensland returned to positive territory this quarter, following last quarter’s contraction, and the Brisbane LGA median house price has grown 1.3 per cent to a new high of $635,000, the highest this has been in history. The data in the REIQ Queensland Market Monitor also revealed some surprises in the June quarter,…
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EPM
McGrath Central Coast: Redefining Maintenance Efficiency
Leading managing agency McGrath Central Coast, led by Mat Steinwede and Jaimie Woodcock, has combined both cloud technology and creative thinking to achieve exceptional efficiencies, improved customer service, robust KPI reporting and better audit trails of every maintenance task. Previously a portfolio-based office, the move to create a centralised maintenance team for their multiple office locations has been a win…
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Elite Agent
3D technology use on the increase as Matterport surpasses 70 million visits to Spaces
Immersive media technology company Matterport today announced a series of milestones that reflect the company’s tremendous growth since the 2014 launch of its end-to-end immersive media platform. Matterport Spaces are complete digital representations of a real-world environments, and have seen increased usage across industries such as residential and commercial real estate, leasing, construction, and more. Users worldwide are creating around…
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Real Estate News
Bondi to outstrip Paddington, Surry Hills
Bondi Beach has become an iconic national brand that will outstrip Paddington and Surry Hills in popularity, according to leading real estate agency Gunning. Gunning Principal Malcolm Gunning said people are beginning to choose Bondi over Paddington and Surry Hills because of the unique offering that Bondi presents. “Bondi is a destination that gives people the ability to be able…
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Real Estate News
Idalia: Buyers Flock to Woden’s Newest Address
For the past six weeks apartments in Hindmarsh’s new Idalia development have sold at the rate of around three every week with a cross section of buyers – led by young professionals – vying to be a part of Woden’s transformation. Idalia is now over 70% sold, an impressive result that demonstrates not only the sophistication and quality of the…
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Real Estate News
realestate.com.au invites Canberrans to find their true love in new content series
realestate.com.au has launched its first hyperlocal content series in the ACT, playing up Canberra suburbs in an entertaining series of ‘speed dates’. The videos, which have reached more than 160,000 Canberrans since launching last Monday1, are a targeted play at the local market where Australia’s No 1 real estate site is a challenger brand. Starring local actors as the suburbs…
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Real Estate News
Raine & Horne opens second office in Dubai
Global real estate Superbrand, Raine & Horne, has launched a second office in Dubai, the biggest city in the United Arab Emirates. Raine & Horne Downtown, which opened in August, will service the apartment markets in the outer suburbs of Dubai, and it will be led by the father and son team of Surender and Rick Bhojwani. Located in the…
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