Elite Agent
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Why do some people struggle to make ‘healthy’ decisions, day after day?
To navigate our way through the world, we constantly make choices. While we’ve all made our fair share of regrettable ones, most of us eventually learn from these – and we generally take this ability for granted.
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REA Group wants you for their online property panel
REA Group has launched its new realestate.com.au Property Panel, and are seeking sales agents, principals and property managers to be part of the inaugural panel.
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Zillow moves further into residential real estate with new Homes division
The world's largest real estate listings company Zillow are planning a larger move into the residential real estate space, although they insist they will not be poaching agents from other businesses.
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COVID impacts demand a change of plan: from commuting to living locally
Long-term planning has delivered mass transit systems to cater for high-patronage, hub-and-spoke transport systems. Unfortunately, this has left many city residents without basic access to public transport services. And we could never have planned for the impacts of COVID-19. Our previous plans were based on the best available data at the time. Today, these plans must be critically reviewed using new…
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Epic Bondi auction fields over 200 bids
The reserve price on a four-storey, five-bedroom house on Moore St in Bondi was set at $3.6 million.
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Minister for Housing assures REIA of ‘resilient’ property market at roundtable
Minister for Housing, Michael Sukkar, joined the members of the Real Estate Institute of Australia for a virtual Budget 2020 Real Estate Roundtable, during which he detailed the positive impact the Budget will hopefully have on the property sector.
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5 principles to make change stick
If you’ve ever wondered why it’s hard to make a change in your agency, or why innovation and tech adoption seems to lag in the real estate sector, it might be a problem of scale. Real estate constitutes Australia’s largest market, worth about $7.1 trillion, with the next largest being superannuation at $2.1 trillion. CoreLogic data shows residential sales this…
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John Lennon’s ‘lost weekend’ NYC penthouse for sale
The magnificent Manhattan penthouse that John Lennon lived in during his 18-month period of estrangement from Yoko Ono, later referred to by Lennon as his 'lost weekend', is up for sale, with a market guide of $5.5 million.
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Is housing supply driven solely by demand? New research sheds light
New Australian Housing and Urban Research Institute (AHURI) research reveals what many of us assumed, that housing supply across Australia is uneven. The uneven distribution of housing supply 2006-2016 was authored by academics at The University of Sydney, Curtin University, and The University of Adelaide, and delves into both the…
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Vic property values defy gloomy predictions
Despite the prolonged lockdown and a reduction in auctions, Victorian property values have continued to defy gloomy price predictions with regional homes even setting a new quarterly record. Releasing new data on Sunday, Real Estate Institute of Victoria President Leah Calnan said values were holding firm after six months of the Coronavirus pandemic. “The quarterly median prices for the September…
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First home buyer loans hit 11-year high
"The short-term stimulus from HomeBuilder is emerging in the housing finance data released by the ABS today."
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Overseas job outsourcing surges as JobKeeper reduces
An Australian employment specialist says businesses struggling to remain profitable through COVID and this week's JobKeeper cuts, are increasingly looking offshore to reduce staff costs.
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Claire Weggery: From apprentice to expert
Initially turned down for her first job in property management, Claire Weggery from Wellington, NZ has only gone from strength to strength since. The Get Smart Property PM explains her path to success and why one of the quirkiest inspections she's ever done involved a pig. How many years have…
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LJ Hooker honours top performers at International Awards
LJ Hooker has recognised its top performers across Australia and New Zealand at its annual International Awards Night, held virtually this year. LJ Hooker Network Chief Graeme Hyde said the awards night is the most important event of the year, especially during these unprecedented times. “With the year 2020 has…
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Leading the revolution
Starting a new business can be a daunting task. John Knight shares the lessons he has learnt on developing a vision, empowering others to follow you and forging towards success as a team.
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Cutting JobSeeker payments will cause crippling rental stress in our cities
As soon as the COVID-19 pandemic caused businesses to shut down, state governments acted to avoid evictions by introducing moratoriums, and the federal government introduced the Coronavirus Supplement of A$550 on top of the fortnightly JobSeeker payment. These measures were intended to enable 1.6 million Australians to ride out the pandemic-related business shutdowns. This welcome…
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What the Federal Budget means for real estate
"We have a plan to create jobs, rebuild our economy and secure Australia’s future," said PM Scott Morrison, hours ahead of announcing the Federal Budget.
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Leading a franchise during a pandemic
We all watched in horror as Wuhan in China was consumed by the Coronavirus (later renamed COVID-19) in the first few months of 2020. We saw the chaos, the heartbreak, the overwhelmed hospital system and what looked perilously like a breakdown of society. By early March it was evident that…
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First Home Loan Deposit Scheme is flawed: REIA
Changes to the Australian Government's First Home Loan Deposit Scheme that allocate 10,000 new grants only to those who purchase new or newly-built homes ignore the reality of the market, according to REIA.
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It’s about to become easier to lend irresponsibly, to help the recovery
What used to be known as a requirement to lend responsibly is now regarded as red tape.
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A milestone for The Agency
The 2019/20 financial year has been described as ‘a milestone’ for The Agency, with the group delivering its first ever full year Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) profit and cashflow, strong year-on-year revenue growth, and growth across key metrics. Key figures: Revenue - $41.86 million (up 48…
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Melbourne and Sydney drag down an otherwise strong September
September saw an impressive turnaround for housing sentiment across six of the eight capital cities, with an increase in home values, a rise in new listings, and consumer confidence back where it should be.
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Perth rental listings hit eight-year low
Rental listings in Perth continued to drop in September.
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Early Access
Domain has launched an innovative new platform that’s set to “turbocharge” the value agents can offer vendors shortly after a sales authority is signed and all relevant documentation has been prepared. Aptly named Early Access, the customer-centric early marketing solution triggers an alert to be sent to high-intent Domain buyers…
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ScoMo and the PCA want you to get back to the office
Property Council of Australia Chief Executive Ken Morrison has welcomed the Prime Minister's call for public servants to return to their offices, and for other businesses and workers to follow suit.
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Buyers keen but sellers hesitant in an uncertain market
With COVID-19 restrictions continuing to ease just in time for the spring selling season, the property market is expecting a surge of buyer demand.
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NSW Fair Trading issues clarification on mandatory COVID-19 Safety Plans
We have republished their article below, with the clarifications made by Fair Trading in bold.
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Common COVID-19 cleaning mistakes in the workplace
Lisa Macqueen reveals the eight common health and safety mistakes that workplaces are making on their premises
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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.
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Queensland’s property market defies pandemic predictions
Queensland’s real estate market has overcome predictions of property price falls as a result of the COVID-19 pandemic.
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Economics academics say the Reserve Bank should do more
Former prime minister Paul Keating isn’t alone in wanting the Reserve Bank to do much more to ensure economic recovery.
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From troublesome to trailblazing
Growing up, Tiffany Bowtell's big ideas were often misconstrued as poor behaviour. Never one to give up, she's gone on to forge a successful and innovative career in the property management industry, as she explains here.
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Universities will need to sell $25b real estate portfolio
The Australian university sector is in dire straits, with Universities Australia predicting losses of $16 billion across our tertiary institutions over the next three years, as the usual influx of international students is stalled.
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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.
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Sydney mansion breaks national auction record, selling for $24.6m
Sydney enjoyed an impressive weekend of auctions, with the clearance rate hovering just under 75 per cent, and a new nationally residential auction record.
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