-
Real Estate News
Many properties to sell at a loss as mortgage holidays end
The latest CoreLogic Pain and Gain report suggests that loss-making sales of distressed properties are expected to soar during this quarter.
Read More » -
Real Estate News
Budget not enough to halt construction downturn
The 2020 Federal Budget is "very much one of housing hits and misses", according to the Australian Institute of Architects, who warn it may not be enough to stop new construction projects from drying up. Institute CEO Julia Cambage said architects were "the canary in the coal mine" for the…
Read More » -
Real Estate News
Budget 2020: Business investment package a chance to go green
The Green Building Council of Australia has welcomed the 2020 Federal Budget, and hope the landmark business investment package will result in construction companies purchasing to energy efficient equipment.
Read More » -
Real Estate News
Belle Property expands Victorian footprint with three new offices
Belle Property has launched three new offices in Victoria. Belle Property Daylesford, helmed by Principals Will Walton and Peter Douglas, has launched into Trentham, extending the brand’s reach across the Hepburn Shire region. Meanwhile industry veteran Peter Julian has opened two offices servicing the Surf Coast region with Belle Property Geelong and Belle Property Torquay. Dovetailing with lockdown restrictions easing…
Read More » -
Real Estate News
Dwelling approvals fell in August
"The decline was driven by private sector dwellings excluding houses, which fell 11.0 per cent."
Read More » -
Elite Agent
Mortgage approvals hit pre-COVID levels months ago
New ABS housing finance data shows that mortgage approvals across the country hit pre-pandemic levels in July.
Read More » -
Real Estate News
Harcourts International announces new COO
Harcourts International has announced the appointment of a new Chief Operating Officer, with Andrew Friebe stepping into the role. Announcing the appointment, Harcourts International CEO Steve Caradoc-Davies said it gave him great pleasure to welcome Mr Friebe back to the corporate leadership team at Harcourts. “His in-depth knowledge and understanding of real estate, both within a real estate business and…
Read More » -
Real Estate News
@realty agents to receive commissions within 24 hours
Agents won’t have to wait for settlement to receive commission, under a new initiative designed to improve cash flow. Under the new @realty Boost program, agents affiliated with the @realty network will be able to claim commission when a contract goes unconditional, with the company promising a 24-hour turn around for payment. @realty CEO James Taylor says @realty Boost will…
Read More » -
Elite Agent
Houses v units: the risk gap for investors widens further
The difference between buying a house and buying a unit rental property has never been more pronounced, according to RiskWise Property Research.
Read More » -
Elite Agent
REINSW blasts NSW Government: “We expected better”
The Real Estate Institute of New South Wales (REINSW) has blasted the NSW Government's decision to extend its rental moratorium.
Read More » -
Real Estate News
Raine & Horne open new Sunshine Coast office
Experienced agent, property valuer, and former Queensland Property Council President Wayne Rex has launched Raine & Horne Marcoola to service the northern section of the Queensland Sunshine Coast. Mr Rex is opening the new office with his wife Penny. They are folding the local branch of their property advisory, valuation, and off-the-plan sales business, Dodds & Bumbu, into Raine &…
Read More » -
Elite Agent
OpenLot portal has thrived through pandemic
After launching earlier this year, digital property platform OpenLot has gone from strength to strength, with the pandemic playing to the portal's strengths.
Read More » -
Elite Agent
Survey: Rent is easier to pay, but renters see a grim future
Renters are finding it easier to make their rental payments than at the start of the COVID-19 crisis, but feel less positive.
Read More » -
Elite Agent
HIA welcomes relaxed Qld border restrictions
Thousands of builders and tradies working either side of the NSW/QLD border will breathe a sigh of relief today.
Read More » -
Elite Agent
Drop in migration to cause drop in Aussie housing demand
The global COVID-19 pandemic could cut demand for housing in Australia by between 129,000 and 232,000 dwellings over the next three years, according to new research released today by the National Housing Finance and Investment…
Read More » -
Real Estate News
Application date extended for land tax relief scheme
NSW landlords who reduced their tenant’s rent due to COVID-19 can still apply for the NSW Government’s land tax relief, with the submission date now extended until December 31. Relief is available to commercial or residential landlords whose tenants can prove financial distress due to COVID-19, and who have reduced their tenant’s rent for any period between 1 April, 2020…
Read More » -
Elite Agent
COVID-19 Safety Plans now mandatory for NSW open homes and auctions
COVID-19 Safety Plans are now mandatory for open homes and auctions.
Read More » -
Elite Agent
New survey tool reveals industry benchmarks and identifies opportunity
New survey tool reveals industry benchmarks and identifies opportunity The team behind the Rex real estate CRM, have announced a new tool that will anonymously benchmark agencies and assist real estate agency owners looking to improve their customer relationship management strategy. Known as CRMGrader, the tools harnesses the team’s 10 years’ worth of knowledge dealing with real estate agents, administrators and business owners to provide a tool that truly provides value to agencies in just five minutes. …
Read More » -
Real Estate News
Foreign investment fee an “outrageous impost” that will hurt economy: PCA
Proposed legislation that will increase the cost of foreign investment applications fees has been slammed by the Property Council as being "an outrageous impost on safe institutional investment into commercial property and discourage the very…
Read More » -
Elite Agent
Co-living company Hmlet moves into property and lifestyle sector
Hmlet, Asia-Pacific’s fastest growing co-living company, announced a range of products that see them enter the property and lifestyle space. “The goal of Hmlet’s new product lines is to change the way people live for…
Read More » -
Real Estate News
REIWA point to Qld’s example as the way forward for WA
REIWA President Damian Collins has commended the Queensland Government's handling of the COVID-19 legislation
Read More » -
Real Estate News
The pandemic has changed what buyers want, and developers are following suit
The pandemic has changed how and where people want to live, and what features they are now looking for in a house.
Read More » -
Real Estate News
New CEO for Ray White Queensland
Ray White Queensland has announced a major shakeup, with a new CEO replacing Tony Warland, who has been at the helm of the company for 12 years. Incoming CEO Jason Andrew, an award-winning auctioneer who has successfully led the NSW network for close to four years, is taking over the reins from Mr Warland. Ray White Group Managing Director Dan White…
Read More » -
Real Estate News
REIA urges Daniel Andrews to restart Victorian property market
REIA urges Victorian Government to safely restart Australia's second biggest property marketThe REIA joins with the Real Estate Institute of Victoria (REIV) in calling on the Victorian Government to reintroduce contactless activities in the real…
Read More » -
Brand Editorial
LJ Hooker Cleveland offers up Mitsubishi Mirage in spring campaign
This spring, LJ Hooker Cleveland is offering property owners the chance to win a brand-new Mitsubishi Mirage valued at almost $20,000. Every sales or rental listing undertaken by LJ Hooker Cleveland between 1 September and 30 November will go into the draw to win the car from Bartons Mitsubishi Capalaba. The draw will take place at Bartons Mitsubishi Capalaba in…
Read More » -
Elite Agent
All the winners from the 2020 reiwa.com awards
Western Australia's real estate professionals came together to celebrate the industry's best at the 2020 reiwa.com Awards Ball held at Crown Perth on Saturday 12 September.
Read More » -
Elite Agent
Domain teams up with The Block agents to sell this year’s properties
Domain will again be supporting the selling agents on this season of The Block. In the lead up to the finale, Domain will be helping the agents maximise their exposure for the five period homes in the Melbourne bayside suburb of Brighton. The Block listings will be exclusive to Domain, with agents given access to property marketing offerings across print,…
Read More » -
Real Estate News
LJ Hooker launches new spring campaign for the DIY consumer
LJ Hooker has launched its latest campaign ‘spruce up for spring’ to drive customer engagement and brand awareness during the competitive spring selling season. The national three-month campaign, which kicked off on 1 September, is based on a spring season giveaway offering homeowners the chance to win a share of $17,500 in home renovation vouchers by receiving a property appraisal…
Read More » -
Real Estate News
Homely appoints David Holmes as Qld State Manager
Real estate portal homely.com.au has appointed well-known industry figure and auctioneer, David Holmes as their Queensland State Manager. This announcement comes off the back of Homely rolling out their Agent Participation Program in Queensland and…
Read More » -
Real Estate News
Rent.com.au raises $1.5m to launch RentPay
Rent.com.au has raised $1.5m to market and launch RentPay, RENT's flagship 'tenancy period' product.
Read More » -
Real Estate News
Sydney vacancy rates down for first time since COVID-19 hit
It might be too early to say for sure, but the REINSW Vacancy Rate Survey results for August 2020 suggest that the worst may be over. Vacancies across Sydney overall decreased for the first time in August, after five consecutive months of increases, and now sit at 3.7 per cent – a drop of 1.3 per cent from July. Similarly,…
Read More » -
Real Estate News
Banks plan to hike interest rates for COVID-impacted customers
Three of the country’s largest banks have conceded that they will increase interest rates for those financially distressed customers planning to make interest-only repayments after the mortgage holiday period ends. NAB, Commonwealth and Westpac have admitted that rates will be higher for those customers only paying interest on their home loans, as opposed to those who pay principal plus interest.…
Read More » -
Real Estate News
RE/MAX team with live streaming platform
RE/MAX Australia Operations Director, Josh Davoren, has announced a ground-breaking partnership between a real estate company and streaming platform Home Live. Home Live is a live streaming solution for real estate agents globally. The platform was developed specifically for real estate by co-founders Luke Watson and Jon Tyson, and was launched to the RE/MAX network last month. Onboarding of offices…
Read More » -
Real Estate News
RE/MAX New Zealand’s Queenstown rally sets high benchmark
After a period of COVID-related uncertainty, RE/MAX New Zealand held its second rally for the year bringing more than 100 members, business partners and invited guests together in Queenstown on 3rd September. RE/MAX New Zealand…
Read More » -
Elite Agent
REIWA’s post-COVID prosperity plan
“It’s clear that the property industry needs stimulus to attract buyers and investors back into the market.” That’s the message from Real Estate Institute of Western Australia, who have delivered a prosperity plan to the WA Government that they believe will set the state on the road to recovery. Below is an outline of the plan. Reform stamp duty to…
Read More »