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Elite Agent
Time’s up: Banks begin contacting deferred mortgage holders
Over half of the 900,000 loans that were deferred in Australia will be assessed in the coming weeks, as the six-month ‘mortgage holiday’ period comes to an end. According to the Australian Banking Association, banks have already started contacting customers to “discuss the next stage of support and assistance”. Among these, 260,000 deferred mortgages will be assessed before the end…
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Elite Agent
Katie Cotton appointed to grow RE/MAX business
RE/MAX Australia has appointed Katie Cotton, former National Manager with easyBondpay and easyAdpay, to the role of Business Growth Manager. Ms Cotton will focus on expanding the network through the southern Queensland and northern New South Wales regions. “With easyBondpay being a well-known product supplier to the real estate sector, and a RE/MAX partner, I have already established relationships with…
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Elite Agent
Australia hits Top 20 in Global Home Price Index
Australia has ranked 19th in the world for house price growth for the year to June 2020, according to the Knight Frank Global House Price Index Q2 2020. The index tracks the movement in mainstream residential pricesacross more than 50 countries and territories worldwide using official statistics. It showed Australia’s house prices grew 6.1 per cent over the year to…
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Real Estate News
REIV calls for independent review of roadmap
The Real Estate Institute of Victoria has called for an independent review of the roadmap announced on Sunday. In a statement released today, they claim the path proposed “jeopardises livelihoods and assets of hard-working Victorians who have abided by the rules and restrictions for over six months”. Among REIV’s criticisms of the government are a lack of “genuine consultation by…
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Elite Agent
Stimulus must be brought forward immediately: PCA
The Property Council of Australia has welcomed the Victorian Government’s roadmap for the safe reopening of the property industry, while acknowledging lifting restrictions is “a balancing act and all stakeholders must remain vigilant”. The PCA continues to urge the Government to bring forward its “desperately needed industry stimulus package”, noting it takes months for construction and real estate businesses to…
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Elite Agent
Roadmap “extremely tough” on renovations: Master Builders Victoria
Master Builders Victoria has welcomed the state government’s “vote of confidence” in the building industry, suggesting the shift to ‘Restricted’ practices on September 28 will require only “minor updates on what our industry has been doing for many months and would be achievable for both workers and employers”. A statement from MBV acknowledged “some disappointment” that the industry cannot open…
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Real Estate News
LJ Hooker Avnu launches real-time real estate report
LJ Hooker Avnu has released Australia’s first real-time real estate report, providing both property price and rental price estimates to assist homeowners in making an informed decision about when it could be the best time for them to sell what is often their greatest asset – their home. The report updates with the latest data compared to many reports that…
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Elite Agent
Amazon launch new Alexa tool for property managers
Amazon has launched Alexa for Residential in response to a survey that found the majority of renters want smart home amenities. According to US National Apartment Association, 84 per cent of renters want an apartment with smart home amenities; 61 per cent said they would pay a monthly fee for a voice assistant. The new tool allows property managers and…
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Real Estate News
Victoria extends eviction moratorium
The Victorian Government has announced today they will be extending the eviction moratorium until March 2021. This means that evictions for both commercial and residential tenants are banned until March 28, 2021. In addition, rental increases will also be banned. Consumer Affairs notes: “Residential tenants and landlords who struggle to reach agreement over rent reductions have access to the dispute…
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Elite Agent
Time for VIC construction workers to go back to work: John Setka
Trade unionist John Setka, Victorian state secretary of the Construction, Forestry, Maritime, Mining and Energy Union, has penned an open letter to the Premier and Chief Health Officer of Victoria, urging them to allow the 300,000 plus Victorian construction workers back onto building sites. The letter is republished below. “The commercial construction industry has continued to lead workers safely through…
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Elite Agent
Builders and tradies the biggest losers in NSW/QLD border closures
The Housing Industry Association has warned the national cabinet it is “critical to both state’s economies” that they quickly come to an agreement to relax border restrictions between NSW and QLD, in order to assist thousands of builders and tradies working either side of the border who have been unduly impacted by closures. “When border closures started at 1am on…
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Real Estate News
Homely supports Harcourts Property Centre’s Hairgust fundraiser
Homely.com.au has sponsored Harcourts Property Centre’s Hairgust fundraiser, by donating $3000 towards pancreatic and bowel cancer research.Harcourts Property Centre Co-Directors Aaron Brooks and Sam Devlin ‘dared to hair’ by donning wigs during August to raise awareness and funds for Bowel Cancer Australia and the Pancare Foundation.“Both Sam and I have had personal experiences with cancer, and we’re so thankful for…
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Elite Agent
Only 30 auctions expected this week for Melbourne
Auction activity has taken a hit across the combined capital cities this week, as Melbourne enters its fifth week of Stage 4 lockdowns. The city will hold only 30 auctions, down from 765 auctions this time last week. CoreLogic are tracking 937 auctions in total across the capital cities this week, down from both last week’s 1128 and the 1533…
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Real Estate News
Gavin Rubinstein: from #1 agent to #1 owner in a year
Ray White TRG founder Gavin Rubinstein is on top of his game and yet he feels like he is just getting started. In his first year of business ownership, Mr Rubinstein cemented his place as the number one Selling Principal in NSW & ACT based on commission for the Ray White Group. He was also awarded the Number One Principal…
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Elite Agent
Ray White NSW | ACT celebrates its 2020 winners
Close to 1000 people tuned in to watch the Ray White NSW | ACT 2019-20 awards, which looked a little different this year, held over Zoom. Nonetheless, the night felt the same, as the network celebrated the achievements of its top offices and individuals. Ray White NSW CEO Andrew McCulloch said the iso-style awards were a sign of 2020 given…
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Real Estate News
Raine & Horne appoints CEO with a view to expansion
Raine & Horne has announced the retirement of current CEO Brian Reid, which has included 40 years in the industry and a seven-year stint with the group. Current Head of Network, Andrew Brien will take up the CEO Role. Angus Raine, Executive Chairman, Raine & Horne welcomed Mr Brien’s appointment, noting the new CEO brings extensive experience in business management…
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Real Estate News
Property Council of Australia nominations now open
Nominations for the Property Council’s industry committees are now open. “Effective advocacy for our industry and its contribution to Australia has never been more important,” said Property Council of Australia Chief Executive Ken Morrison. “Our members are critical in this important work, including through participation in our various industry committees. Our committee members help to shape the future for our…
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Real Estate News
Rental affordability best since 2007: REIA
The REIA Housing Affordability Report shows rent affordability has improved across the country in the June quarter, with figures not seen since late 2007. “The proportion of income required to meet rent payments decreased to 23.3 per cent in the quarter, a decrease of 0.4 percentage points over the quarter and down 0.5 percentage points compared to the same time…
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Real Estate News
Experts positive about housing affordability
Experts have never felt better about housing affordability around the country, according to a survey conducted by comparison site Finder.In this month’s Finder RBA Cash Rate Survey, 40 experts and economists weighed in on future cash rate moves and other issues related to the state of the Australian economy.While all experts and economists surveyed correctly predicted the cash rate to…
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Real Estate News
J-Lo & A-Rod’s new Florida home
Jennifer Lopez and baseball star Alex Rodriguez share a love of real estate, and together they’ve been collecting houses almost as often as Rodriguez collected base hits. Now TopTenRealEstateDeals.com reports the couple have bought another mansion – this time on South Florida’s island of super-rich CEOs and entertainers. Listed at $40 million, the property is located on one of several…
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Real Estate News
Josh Mana team joins Queensland Sotheby’s International Realty
When it comes to the reason why Josh Mana entered the world of real estate, he both blames and credits his wife, Carrie. “I was a refrigeration air-conditioning technician in my early 20s and eventually got out of the trade in NSW when I moved to the Gold Coast,” Mr Mana said. “My wife, Carrie, was in property management and…
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Elite Agent
WA rental properties leasing two weeks faster in August
August data from the Real Estate Institute of WA (REIWA) indicates it took a median of 21 days to lease a property in Greater Perth. The swift turnaround time is 13 days less than the same time last year and the shortest time to lease since the construction phase of the last mining boom in February 2015. REIWA President Damian…
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Real Estate News
Lockdown inspires innovative virtual tour in Melbourne
‘Innovation’ has proved the catch-cry of 2020 and for Victorian agent Angela Limanis a foray into the virtual is reaping very real success. On Saturday, the Ray White Cheltenham sales agent and auctioneer, along with her associate Dylan Jansma, hosted a live virtual inspection of a beautiful three-bedroom home in south-east Melbourne, attracting 23 potential buyers in the process. The…
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Real Estate News
Rental dispute system cracking under COVID-19 stress
The Real Estate Institute of Victoria is concerned the process for dealing with residential tenancy disputes is cracking under the weight of COVID-19. With less than one month to go in the original six-month moratorium announced by the Andrews’ government, there is a backlog of 4000 rental cases at the Victorian Civil and Administrative Tribunal (VCAT) and nearly a thousand…
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Real Estate News
Coronis BDM Cadetship attracts over 200 applications
Coronis has been inundated with 207 applications in just three days for their new Business Development Manager (BDM) Cadet Program which launches on 1 September 2020. Coronis Property Management Director Jodi Ford, who oversaw the growth of the Coronis portfolio from 200 properties to 8000, said they received so much interest in the new program they had to take the Seek…
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Real Estate News
Buxton expands its leadership team
Buxton real estate group is continuing its growth in Victoria, announcing the appointment of Amanda Henry to its corporate team. Boasting a real estate pedigree and a career that spans 13 years, Ms Henry has joined the Buxton senior leadership team, in the role of Head of Operations – focusing on key areas including culture, marketing, technology, innovation, and training.…
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Real Estate News
@realty’s virtual tools to accelerate business
National real estate group @realty has seen its sales volumes increase by 20 per cent in the first half of the year, with its virtual network and online sales tools helping agents to navigate border closures. @realty significantly invested in its bespoke software last year, including virtual sales tools that have helped to close deals on multi-million dollar properties with…
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Real Estate News
Highly-regarded agent Carla Poletto joins DiJones Mosman
Highly-regarded agent Carla Poletto has officially joined the DiJones Lower North Shore team in Mosman. Having owned and operated her own real estate office for over a decade, Ms Poletto has an innate understanding of what it takes to provide a world-class client experience. “Carla has an exceptional reputation and enviable understanding of the real estate landscape, bringing over 26 years…
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Real Estate News
Openn Negotiation to auction signed footy boots for charity
Richmond AFL stars Dustin Martin and Jack Riewoldt have kindly donated the boots they wore at the historic ‘2020 Darwin Dreamtime’ match to raise money for St Mary’s Football Club NT. The boots will be auctioned off through Openn Negotiation – a platform that ordinarily facilitates the transparent sale of properties online. One of St Mary’s long-term sponsors is Real…
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Elite Agent
Landlords the forgotten people: REIV
The Real Estate Institute of Victoria has expressed concern commercial and residential landlords are being left behind and all but forgotten as the government makes decisions on financial support for people impacted by the economic downturn. Citing the recent decision to extend the rental moratorium to 31 December 2020 as one example, they note tenants have been provided with substantial…
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Elite Agent
REIA makes five key recommendations to Government
The Real Estate Institute of Australia (REIA) has provided five key recommendations to the Australian Government ahead of the October 6 Federal Budget. At the forefront of REIA’s considerations are policies to aid first home buyers, thereby boosting the economy. “Agents, renters, investors and those looking to enter the market for the first time are all facing difficulties,” REIA president,…
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Elite Agent
Ouwens Casserly appoint new COO
Ouwens Casserly Real Estate has expanded its senior leadership team with the appointment of John Thompson. Mr Thompson joins OC in the newly created role of Chief Operating Officer (COO), offering strategic support and leadership across all divisions of the business. “John has been managing a hugely successful recruitment business that has more than tripled in revenue over his seven-year…
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Real Estate News
REIWA says east coast property woes won’t impact WA
Despite property woes in capital cities across the east coast, Real Estate Institute of WA (REIWA) president Damian Collins cannot see Western Australian property prices following the same trend. “Any agent in Perth they will tell you they are reasonably optimistic because stock is selling at better prices than six months ago,” he said. “Our days on market are down…
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Elite Agent
Australian housing at its most affordable since 1999
HIA’s Housing Affordability Index for the June Quarter 2020 indicates national property prices are at their most affordable since 1999. HIA’s Affordability Index is calculated for each of the eight capital cities and regional areas on a quarterly basis and takes into account the latest dwelling prices, mortgage interest rates, and wage developments. Housing affordability improved in the June quarter…
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Elite Agent
Domain launches new spring campaign
Domain have launched their latest lighthearted campaign, ‘see the possibilities’, which plays on those ‘it’s time’ moments, when people know they need to make a property change that’s a better fit for their current lifestyle. The campaign is “centered on the human truths underpinned by changing search behaviour” from needing a proper home office to wanting more natural light. The…
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