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INDUSTRY NEWS
Openn Negotiation announces their Excellence Awards winners
Australian real estate tech platform Openn Negotiation has virtually held their fourth annual awards night, announcing their 2021 Excellence Award winners. The night celebrated the agents and agencies achieving outstanding success using the digital sales platform, which recently listed on the ASX. Queensland agent Brad Scott, Principal of Smart Real Estate, was a stand-out winner this year. He received multiple…
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INDUSTRY NEWS
The top regional Queensland suburbs for investment opportunities
Queensland boasts a huge array of regional locations that draw in house hunters from around the country, from hinterland towns to beachfront living.
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APPOINTMENTS
Ray White Canberra welcomes Chris Dixon and Maree van Arkel to the team
Ray White Canberra has welcomed top agents and north Canberra specialists Chris Dixon and Maree van Arkel to their rapidly expanding group.
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BTW
Little Projects plans exclusive boutique collection in Broadbeach
Developer Little Projects Co has disclosed plans for a boutique apartment complex on the Gold Coast, offering full floor apartments for a spacious living residence. The Announcement: Developer Little Projects Co has unveiled plans for a boutique residential apartment project set in the heart of Broadbeach which will reinvent owner-occupier residential design standards. In what is an exceptionally rare offering…
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BTW
Infinity by Crown Group wins the Best Australia Apartment Complex award
Infinity by Crown Group has been awarded Best Australian Apartment Complex at the 2021 HIA Australian Housing Awards. The announcement: During a week of Olympic Gold wins for Australians, developer Crown Group has added to its own swag of industry accolades, winning the prestigious 2021 HIA-CSR Australian Housing Awards – Best Australian Apartment Complex for its $575million Infinity by Crown Group –…
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Real Estate News
REIACT speaks out against proposed Residential Tenancies Act changes
The Real Estate Institute of the Australian Capital Territory (REIACT) has urged all landlords and tenants to speak up about proposed changes to the Residential Tenancies Act. REIACT CEO Michelle Tynan said the proposed changes to the Residential Tenancies Act (RTA) could have wide and damaging consequences for private rental stock numbers in the territory. “The minimum energy efficiency standards…
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BTW
Report links tech adoption to business success
A CPA Australia Business Technology report has linked technology adoption to better business performance. The Announcement: Technology use is a major determinant of business success and is set to become more influential, according to a survey by one of the world’s largest professional accounting bodies, CPA Australia. “High growth businesses spend more time and resources on technology,” said Senior Manager…
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BTW
Jellis Craig welcomes two new Non-Executive Directors to its board
Jellis Craig welcomes Kate Spargo and Peter Nankivell as non-executive directors to their board. The Announcement: Jellis Craig is pleased to welcome two new Non-Executive Directors to its board. The Director appointments come after a period of record growth and exciting developments for the brand, further highlighting its ambitious future and strength in the real estate industry. Kate Spargo and…
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SUPPLIER NEWS
REA Group Australia reveals strong growth in their FY21 results
REA Group has announced positive end of financial year results, with their revenue of $928 million up by 13 per cent, and net profit of $318 million up by 18 per cent.
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Real Estate News
Sydney’s CBD office market shows resilience amid lockdowns
The Property Council of Australia's latest Office Market Report has highlighted the resilience shown by the Sydney CBD office market.
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Real Estate News
Openn Negotiation partners with RE/MAX Australia
Australian-listed PropTech company Openn Negotiation has signed a partnership agreement with real estate network RE/MAX Australia.  The partnership will support the adoption of Openn Negotiation as a sales method, enabling further growth of the platform through group agent training. There will also be a series of technical integrations with RE/MAX Australia’s own digital assets. The property data is set to…
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BTW
First home buyers driving WA market recovery
State Government figures reveal almost $6 million in Home Buyers Assistance Account grants were paid out last financial year. The Announcement: First home buyers are driving the Western Australian market recovery, with data released from the WA Government revealing a near record $6 million dollars in Home Buyers Assistance Account (HBAA) grants was paid out last financial year. REIWA President…
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BTW
AFL star kicks goals at Ray White Rural
Kangaroos champion Anthony Stevens has joined Ray White Rural Victoria after being appointed to the North Melbourne board. The Announcement: Ray White Rural has just welcomed Anthony Stevens to Australia’s largest family owned and led real estate network. The new rural property sales specialist at Ray White Rural Victoria is well known for navigating some of the largest rural property…
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Real Estate News
REA Group named one of Australia’s best workplaces
REA Group has been named Australia’s fourth ‘Best Workplace for 2021’ by Great Place to Work. The REA Group was certified by Great Place to Work in June and was recognised as the fourth highest performing organisation with more than 1000 employees at a virtual event yesterday. The acknowledgement is two places higher than that achieved in 2019, when REA was…
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Real Estate News
Podium aims to drive a texting revolution for local businesses in Australia
Communication and payments platform Podium has continued its international expansion, announcing its launch in Australia.
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Real Estate News
New housing loan commitments are starting to wane
Australia’s strong property market is starting to settle down as economic concerns about lockdowns start to make an impact, new Australian Bureau of Statistics (ABS) data has shown. Real Estate Institute of Australia (REIA) President Adrian Kelly said housing loan commitments had fallen, but remained at an historically elevated level of $32.1 billion. “The latest figures show that the value…
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BTW
Key acquisition for Lower North Shore agency
First National Real Estate, Hunters Hill, Gladesville, Ryde and North Ryde have announced the acquisition of Property Circle, an agency known for its property management services. The Announcement: First National Real Estate Hunters Hill Gladesville Ryde & North Ryde has consolidated an eleven-year trajectory of growth, today announcing its acquisition of Property Circle – an agency that has achieved local…
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BTW
Demand for luxury Brisbane properties soars
Luxury riverfront properties are highly sought-after in Brisbane’s CBD, with some homes sold the day they are listed. The Announcement: Luxury riverfront properties continue to be in huge demand in Brisbane with a Toowong home selling within the first day of being listed for sale. It is the second time the house at 24 Glen Rd, Toowong has been sold…
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BTW
Hard work pays off for top-performing agentsÂ
LJ Hooker agents across Australia and New Zealand are striving for excellence with many inducted into the Captain’s Club. The Announcement: A stellar year of sales has seen an unprecedented number of agents recognised for achieving record commissions for their office, some more than $1 million in annual GCI, across the LJ Hooker property network in Australia and New Zealand. …
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INDUSTRY NEWS
Regional areas benefit from Sydney and Melbourne’s population exodus
Regional areas in New South Wales and Victoria have seen a huge spike in house sales as city residents move away from Sydney or Melbourne.
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SUPPLIER NEWS
Property investors and homeowners are in danger of being underinsured
MCG Quantity Surveyors said Australian property owners are at immediate risk of a massive insurance blow.
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INDUSTRY NEWS
RBA maintains flexible approach with continued cash rate hold
The Reserve Bank of Australia (RBA) has decided it will keep the nation's official cash rate on hold at 0.1 per cent.
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INDUSTRY NEWS
More than half of experts say lockdowns will slow property price growth
Strict lockdowns are one of the few things that can slow down Australia’s recent surging property price growth, according to experts.
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Real Estate News
Former prosecutor joins The Agency’s Queensland team
The Agency has welcomed leading agent and former prosecutor Joseph Leong to their growing Queensland team.
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APPOINTMENTS
New Century 21 office opens in Caroline Springs
Century 21 Paramount Realtors has opened a second office in Caroline Springs, located in the western suburbs of Melbourne.
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BTW
Multi-level cliff home wins highest Australian housing award
A New South Wales home set on a cliff and built by Mallinger Constructions has been recognised as the HIA-CSR Australian Home of the Year.
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BTW
Cbus Property’s penthouse collection sells for $66 million
Cbus Property's 111 Castlereagh Penthouse collection has sold to three separate buyers prior to their official release to the market.
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Real Estate News
Coastal apartments in hot demand in NSW
Sydney’s extended lockdown has boosted buyer enthusiasm across regional New South Wales, with enquiries increasing for apartments in coastal areas.
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NEW ZEALAND
New Zealand’s market slowdown is gradually unfolding
CoreLogic’s House Price Index (HPI) showed New Zealand’s house values increased by a further 1.8 per cent over July, with a market slowdown starting to develop. This was the same rate of growth recorded in June, but down on both May (2.2 per cent) and April (3.1 per cent). While New Zealand is likely to be past the peak growth…
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INDUSTRY NEWS
WA real estate agents raise $1 million to combat homelessness
WA real estate agents have partnered with the Salvation Army's Community REInvest program to assist people experiencing homelessness.
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Celebrity Homes
Alicia Keys sells Phoenix holiday home for $3.1 million
Fifteen-time Grammy Award winner Alicia Keys has sold her modern Camelback Mountain holiday home in Phoenix.
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Real Estate News
McGrath appoints Marguerite Foxall to spearhead Victorian expansion
McGrath Estate Agents has appointed experienced agent Marguerite Foxall to the position of State Manager for Victoria, as the company earmarks the southern state for future growth and expansion.
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INDUSTRY NEWS
Australia’s growth cycle tapers as housing becomes less affordable
Australian housing values increased a further 1.6 per cent in July, according to CoreLogic.
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BTW
Luxury specialist Alex Pitsis is the new director of Ray White Sutherland Shire
Ray White has welcomed Alex Pitsis to the Sutherland Shire team as he takes on his new role as director.
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BTW
Southport development site sells at auction for $6 million
A large development site in Southport’s CBD has been sold at auction for $6 million following the announcement of Brisbane hosting the 2032 Olympic Games. The Announcement: A prime redevelopment site in the heart of Southport’s CBD has sold under the hammer for $6 million plus GST in the first major commercial deal on the Gold Coast since Brisbane won…
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