National
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Real estate trailblazer Di Jones passes away
Real estate industry pioneer Diane Lenore Jones passed away on Saturday surrounded by family. Di Jones CEO Rob Ward paid tribute to Di Jones, who opened her first agency in Woollahra in 1992 and played an active role as brand ambassador until her death. “Di Jones was a remarkable and generous woman who was an inspiration to many,” he said.…
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C21 marks global rebrand with largest marketing campaign in brand its history
Century 21 Australasia will launch the largest and most aggressive marketing campaign in its history this July. Outlined at the network’s annual convention on Hamilton Island this month, the seven figure marketing spend will leverage television, cinema, social media, billboards, public relations and events to promote the group’s new brand repositioning, message and vision for the future. The campaign comes…
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Domain announced as Cricket Australia Platinum Partner
Domain and Cricket Australia today announced a four-year Platinum Partnership. Domain will be the Presenting Partner of Men’s Test Cricket over four years, which includes the next Ashes to be hosted in Australia, and will become the Official Real Estate Partner of Cricket Australia. Domain and Cricket Australia enter the partnership as the national game moves into a highly anticipated…
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VIEW.com.au appoints new CEO
VIEW.com.au has appointed Toby Balazs as their new CEO. Mr Balazs will take over from current CEO Enzo Raimondo mid-July. Mr Balazs joins from REA where he was a member of their leadership and online strategy teams since 2004. His role involved work with property developers and project marketers, most recently acting as manager of online strategy and execution for…
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Top agents head to Melbourne for Ray White industry event
Agents from all over Australia this week attended an industry function in Melbourne hosted by the leading property group Ray White. More than 100 real estate agents from many different brands – both boutique and other franchise groups – travelled from Adelaide, Perth, Brisbane, Sydney and across Melbourne to compare notes on their markets and performance amid the backdrop of…
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Small deposit loans hit historic low as credit crunch sets in
New data out today shows banks have officially put the brakes on risky home buyers as the value of small deposit loans hits a record low. APRA’s quarterly property exposures statistics released today show that the value of new mortgages written in the March quarter with a loan-to-value ratio of more than 90 per cent have sunk to $5.79 billion…
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How footy preferences are driving migration choices
It might be hard to believe, but your footy code preference may well influence where you end up living, according to new research by property market analysts Propertyology. The market research firm and award-winning buyers’ agency analysed interstate migration trends over the past 20 years and found a significant correlation depending on whether you are a rugby league or an…
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Chinese-based developer to become second biggest shareholder in McGrath
Chinese-based local developer Aqualand has made a ‘strategic investment’ in McGrath. The company will acquire a 15 per cent stake over two placements. The investment will make them the second biggest stakeholder in McGrath, behind founder John McGrath. Aqualand will appoint a director to the board after the acquisition has been completed. An initial stake of 8.7 per cent has…
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Award winning agent Jeff Anderson joins @realty
Award-winning real estate agent and avid football fan Jeff Anderson is switching teams to kick goals for fast-growing national real estate network @realty, which has recruited 500 agents in the past four years. Mr Anderson, who was managing director of an agency in Carnegie and has conducted more than 4,000 successful auctions in his 34 years in real estate, is…
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2018-19 state budget wrap up: What it means for the property sector
With the majority of states (South Australia will need to wait until September due to their change in government) receiving their 2018-19 budgets, here’s how the property industry fared across the nation. New South Wales The second NSW budget handed down by Treasurer Dominic Perrottet had an aim to tackle transport, health and education projects, but left a lot to…
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New research identifies next suburbs to gentrify
New research released by the Property Investment Professionals of Australia (PIPA) has revealed the next city suburbs set to gentrify. The research, by PIPA chairman Peter Koulizos, looked for similar signs that could help homebuyers and investors pick the next suburbs to gentrify. Mr Koulizos said the research will help homebuyers and investors maximise their capital growth potential by purchasing…
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Industry body looks to split real estate profession
The Real Estate Institute of Australia (REIA) has declared it will split the industry with its latest move, as it forges forwards with its Pathway to Professionalism plans. REIA President Malcolm Gunning announced this morning that the REIA has applied to the Professional Standards Authority for admission as a profession. “The Authority is an independent statutory body established with specific…
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PPM National Property Management Awards announced
The PPM Group held its annual awards last night at the Marriott Hotel, Surfers Paradise, QLD. Congratulations to the following list of winners: Support team member of the year Annabel Noonan – Di Jones real estate Leasing Consultant of the year Connie Morton – rental results Client service award of the year McGrath Estate Agents port Macquarie Social media and…
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Smart Cities Week heading to Australia in October
How can data analytics enhance social wellbeing? How can Australia capitalise on the future of 5G? Where does the potential for PropTech lie? These are just three of the topics on offer at Australia’s first Smart Cities Week, heading to Sydney on 29-31 October 2018. The global Smart Cities Council team today released the program for Smart Cities Week Australia,…
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IBISWorld predict growth for service-based franchises
Off the back of the recent parliamentary inquiry into the Australian franchising sector, industry research organisation IBISWorld has found that the future of franchising is not as ominous as it seems, with demand growth projected for service-based franchises. The Franchising industry’s complexion has changed dramatically over the past decade. Where once the industry was known for its prosperity, the franchising…
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Industry reacts to new ABS data showing continued housing finance falls
ABS housing finance figures show a continued fall in home loan lending as the fallout from the banking Royal Commission sets in. ABS data released today shows a 0.9 per cent drop in investor lending and an 0.2 per cent in all lending from the previous month, according to the seasonally adjusted figures from the ABS. While these falls are…
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Melbourne dominates population and residential hotspots in latest HIA report
HIA has revealed Australia’s strongest markets for home building in their HIA Population & Residential Building Hotspots report for 2018. “Melbourne has dominated this year’s report, with 12 of Australia’s top 20 building growth areas all located around Victoria’s capital,” said HIA’s Senior Economist, Shane Garrett. “According to the HIA Population & Residential Building Hotspots Report 2018, the Mickleham-Yuroke area…
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Submissions now open for the Annual REA Excellence Awards
Submissions are now open for the Annual REA Excellence Awards (AREAs), which celebrate excellence in the property and media industries. To be held on 15 November 2018 in Sydney, the AREAs will again honour the most innovative, community-minded and highest-achieving individuals and businesses across property and media. This year, three new Gold AREAs awards have been introduced to further recognise…
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The great build-to-rent debate
The argument has been raging in the property industry for years: why can’t the build-to-rent model of housing, popular in both the UK and the US, work in Australia? It’s a complex issue, and your answer will depend which side of the fence you’re on. The build-to-rent model, also known as the ‘multi-family’ model, would see developers or investors hold…
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Harcourts Australia names 2018 Hall of Fame inductees
During a gala black-tie evening, Harcourts International inducted Lisa and Ben Bernacki of Harcourts Alliance (WA) into the Harcourts Hall of Fame. Mr and Mrs Bernacki join a list of select real estate professionals recognised with the highest accolade in the Harcourts network. “To be awarded a place in the Hall of Fame amongst the very people that inspire us…
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Harcourts Group Australia National Awards announced
Major real estate franchise group, Harcourts Group Australia, held its annual conference from May 28-30 at The Star Casino, on the Gold Coast. Kicking off the group’s pinnacle event was ARIA award winning artist Guy Sebastian, in a surprise concert for over 700 conference delegates. Their annual conference is a combination of learning, presentations and announcements from a selection of…
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Housing affordability improves, while rental affordability declines: REIA
Despite falls in Victoria, South Australian and the ACT during the first quarter of 2018, a new report from the Real Estate Institute of Australia and the Adelaide Bank has found that affordability is improving. The March quarter 2018 edition of the Adelaide Bank/REIA Housing Affordability Report found that the proportion of median family income required to meet average loan…
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How Instagram’s algorithm works, and how to make it work for you
According to Facebook-owned photo-sharing platform Instagram, before the controversial decision to ditch its reverse-chronological feed, users were missing 70 per cent of all posts, and 50 per cent of their friends’ posts. A new algorithm was introduced, reportedly to improve the user experience, but what made that algorithm tick has remained a closely guarded secret. Until now. Speaking to a…
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June 2018: Interest rates on hold, Industry reaction
At its meeting yesterday (5th June 2018), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 20th consecutive meeting. REA GROUP “The economy still isn’t growing fast enough to warrant an increase,” says REA Group Chief Economist Nerida Conisbee. “The issue is consumer confidence. While businesses are feeling far more confident, this is…
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Anh Do and Sally Pearson to help celebrate 135 years of Raine & Horne
Leading international property group, Raine & Horne will host a star-spangled cast of guest speakers including super athlete Sally Pearson at its 2018 International Conference to be held on the Gold Coast in July. The event to be held at the Star Gold Coast from Sunday 22 – Tuesday 24 July and will double as a booming celebration for the…
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Ray White ‘powers up’ property managers
Customer service is the key to long lasting success from every transaction, or interaction, members have with clients, according to Ray White. Ray White head of property management Emily Sim said “customer service is our core message now more than ever before”. Ms Sim and her team have just concluded a series of national training and networking sessions for property…
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ASX and InfoTrack partner up for $30m electronic property settlement platform Sympli
ASX Limited (ASX) and InfoTrack parent company Australian Technology Innovators Pty Ltd have announced the establishment of Sympli, which has applied to become an Electronic Lodgment Network Operator (ELNO). The platform, which is a 50/50 venture between the companies, will develop an electronic property settlements solution based on extensive feedback from users, to support lawyers, conveyancers and financial institutions. David…
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Online property exchange platform PEXA sees dramatic rise in exchange transactions for May
Digital property transactions are experiencing exponential growth as Property Exchange Australia (PEXA) announced that last month over 100,000 transactions had been completed on the platform, a 25 per cent jump from the month prior. In April the company also announced that over one million transactions were settled digitally on the platform. Digital transactions have grown from strength to strength with…
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2018 PPM National Property Management Award finalists announced
The finalists have been announced for the 2018 PPM National Property Management Awards. The PPM Group received more than 135 submissions across eight categories. The judge’s feedback back was that this year the level of submissions were exceptional with many of the category nominees being very close. Here are the finalists in each of the eight categories: Property Manager of…
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Iconic Nanette Lilley merges with Ray White
The First Lady of real estate in Brisbane’s western suburbs, Nanette Lilley is retiring from the industry after 46 years and her business will merge with leading property group Ray White. Ray White Sherwood principal Cameron Crouch and his partner and joint director Aimee Carding today opened Ray White Graceville, joined by Nanette Lilley’s long-term investment property clients. “We are…
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First rebranded C21 office opens its doors to loud applause
Century 21 The Hills District opened its doors in late April and adopted the new, modern and elegant ‘C21’ branding scheme that is currently being rolled out in 80 countries across the world as part of a historic repositioning of the global real estate giant. Despite being a new look team and office, Century 21 The Hills District secured over…
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First National Real Estate’s General Excellence & Marketing Award Winners Announced
First National Real Estate’s highest achievers have been presented with their General Excellence and Marketing Awards at the RACV Royal Pines Resort on the Gold Coast. The awards dinner brought recognition to Australia’s top national 2017 salespeople, property managers and administrators, and attracted more than 350 delegates from Australia, New Zealand and the South Pacific. The peak event on First…
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Sir Albert Jennings and Frank Charnock join the Australian Property Hall of Fame
The founding father of AVJennings and a business leader who pioneered commercial real estate in Australia have been inducted into the Australian Property Hall of Fame. Property Council of Australia National President, Susan Lloyd-Hurwitz, says Sir Albert Jennings and Frank Charnock were chosen by the board for their sustained and visionary leadership, and for their enduring contributions to the property…
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Gold Coast Pyjama Foundation receives support from First National Foundation
First National Real Estate has donated $5,000 to the Pyjama Foundation through its independent charity, The First National Foundation. Foundation Chairman David Lovell presented a cheque to Gold Coast Regional Coordinator, Stephanie Reardon during the network’s National Convention at the RACV Royal Pines Resort, which had attracted over 350 agents from around Australia. The network’s Family Day was a fun-filled…
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Agentbox joins forces with UK-based Reapit Group to expand Australian offering
Leading Australian real estate CRM solution, Agentbox, have partnered with the Reapit Group to deliver comprehensive solutions across sales and property management in the Australian market. The Reapit Group is a leading provider of CRM and property management solutions in the UK residential real estate space. The combined company is backed by Accel-KKR, a technology-focused investment firm with $4.3 billion…
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