INDUSTRY NEWS
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Receivers release second batch of Mission Beach properties
Prospective buyers looking for a tropical sea change are in luck, with a variety of houses and vacant lots in the tropical village of Mission Beach, in far north Queensland, hitting the market.
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Homecorp secures ANZ to fund Gold Coast build-to-rent project
As the Gold Coast experiences one of the tightest rental markets in its history, construction has started on the city’s first dedicated build-to-rent project, with Homecorp Property Group securing ANZ as senior funder.
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Andy Reid handed the hammer for Good Friday Appeal charity auction
After 13 years at the helm of the annual Good Friday Appeal Charity Home auction, Real Estate Institute of Victoria’s Master Auctioneer and four-time winner of the institute’s Senior Auctioneering competition Adrian Butera is handing over the hammer.
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Ocean Grove home sells for $123k above reserve in Openn Negotiation
Online sales methods are still a relatively new concept for buyers in Victoria’s Ocean Grove market but a recent sale in the area attained $123,000 above its reserve price after listing through Openn Negotiation.
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CoreLogic report shows more gain than pain for resales in December quarter
There was an increase in the profitability of Australian real estate in the three months to December 2020, with almost 90 per cent of sales resulting in a gain, according to the latest CoreLogic Pain and Gain quarterly report.
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Forms Live commits to Victorian Rental Tenancies Act updates
Forms Live - Victoria's most experienced provider of online digital forms to the real estate industry - has confirmed its property management forms and contracts have been updated and will be compliant with the changes to the Victorian Rental Tenancies Act that come into effect on Monday, March 29.
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Better Homes and Gardens grows QLD presence with Beerwah office
After launching the first Queensland-based Better Homes and Gardens Real Estate office in November 2019, Danelle Wiseman and Jonathan Pattinson have opened their second office in the Beerwah, in the Sunshine Coast hinterland.
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Eview Group’s Melbourne growth continues
Eview Group's mammoth growth continues, as the network expands their reach across the North Melbourne property market with the addition of a new brand.
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UrbanX marks the spot for Gavin Croft’s latest role
Experienced real estate industry executive Gavin Croft has been appointed Director of Growth at UrbanX, a support platform for high-performance agents wanting to create their own brands.
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Seeds of change at Barry Plant as group announces new leadership team
After 18 Years at the helm of The Barry Plant Group, Mike McCarthy is stepping aside from the role and CEO and will be handing the reins to Nigel O’Neil, current Head of Strategic Growth.
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First National recognises best in the west at WA 2020 GEM Awards
First National Real Estate’s Western Australia agents have been recognised for their achievements, with the network holding its WA 2020 General Excellence and Marketing Awards at Crown Perth on Friday night.
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REIWA welcomes end of moratorium on evictions and rental price increases
The Real Estate Institute of Western Australia has welcomed the looming end of the WA Government’s moratorium on evictions and rent price increases, with the Residential Tenancies (COVID-19 Response) Act 2020 due to expire on Sunday.
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Homely aligns with the Professionals for 12-month sponsorship agreement
Industry-backed real estate portal Homely.com.au has announced its latest sponsorship deal after signing an agreement with the Professionals Real Estate Group.
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The Agency announces national expansion into commercial property sector
The Agency has announced further expansion to its product offering with the launch of a new national commercial division.
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Report finds inconsistent tenancy laws are making life harder for domestic violence victims
A newly released report authored by the University of South Australia has found inconsistent tenancy laws across the country are making it difficult for women and children experiencing family violence to leave unsafe domestic environments and find new housing.
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REIA announces sponsorship agreement with realestate.com.au
The Real Estate Institute of Australia has announced a new sponsorship agreement with the nation’s biggest property portal, realestate.com.au.
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REA Group appoints Chris Venter as Chief Technology Officer
REA Group has announced the appointment of Chris Venter to the role of Chief Technology Officer and a member of REA’s executive leadership team.
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Riskwise warns of possible credit restrictions to cool housing market
According to RiskWise Property Research, there is a possibility that regulators could introduce credit restrictions later this year in an attempt to slow down Australia’s booming housing market.
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Australia second-most-popular offshore destination for Asian property investors
Despite the COVID-19 pandemic having restricted and reduced the physical movement of Asian real estate buyers around the world, it has not dampened enthusiasm for overseas real estate.
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REINSW vacancy survey shows rental market remains unpredictable
The results of the latest REINSW Vacancy Rate Survey show that the rental market across the state remains unpredictable.
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Future looks bright for Eview Group in Queensland as Park Real Estate joins network on Sunshine Coast
Real estate powerhouse Eview Group is continuing to assert its serviceability across the Sunshine Coast, as the national network's Queensland sector continues to flourish, with Park Real Estate the latest agency to join.
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Market confidence ensures strong start to 2021 for new home sales
New home sales have surged in Australia over the past 12 months, with the latest Housing Industry of Australia (HIA) New Home Sales report showing new home sales last month were 1.7 per cent higher than they were in February 2020.
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Don’t blame zoning for Australia’s soaring house prices
Among the many explanations put forward for soaring home prices, one we hear repeatedly is zoning — the regulations that govern the purposes for which land can be used, including how densely people can be housed in different locations.
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Sydney property values reach new record high
Sydney property prices have hit a new record high, with CoreLogic reporting today that values have recovered to exceed their earlier 2017 peak.
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NSW Court of Appeal restraint of trade case judgment offers lessons for employees and employers
The NSW Court of Appeal handed down its long-awaited judgment in the Agha v Devine Real Estate on Tuesday, upholding its decision against former shareholder and Director of Roger Agha - save for a reduction of the area of restraint of trade.
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Reserve Bank Governor issues warning on housing prices
In a speech in Sydney on Wednesday, Reserve Bank Governor Dr Philip Lowe has issued a warning about the current boom in the Australian property market - and raised the possibility of regulators stepping in to address the situation.
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Thinking outside the square renders new possibilities for BoxBrownie.com
Image marketing technology specialists BoxBrownie.com have launched an innovative cloud-based offering that can provide realistic CGI renders and virtual tours from only a floor plan, elevation or architectural drawing.
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Explore Property expands presence in Queensland
Explore Property is continuing to expand its footprint in the Sunshine State, with the group now having a presence in regions stretching from the far north to the southeast.
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Growth catalyst for new McGrath team
McGrath Parramatta has expanded its operation adding the previously company-owned Blacktown business to its franchise group and operating the two offices as McGrath West Group. Led by Kon Stathopoulos, the business has strategically aligned itself with key talent in Sydney’s Greater Western region with Joel Hollings and Amit Nayak joining as partners in the new business structure. The announcement follows…
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Report finds fixing income equality key to addressing property ownership imbalance
A new report released by CoreLogic suggests addressing gender income equality could also help close the gender wealth gap as it pertains to real estate over time.
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Kim Gregory takes the reins as new President of Property Council’s NSW division
The NSW Division of the Property Council has elected a new President, with Kim Gregory, Investa Property Group’s Fund Manager, Mandates, taking the reins for the next two years following the Division’s Annual General Meeting.
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Openn Negotiation joins NAR REACH Accelerator Class of 2021
Second Century Ventures, the strategic investment arm of the National Association of Realtors® have announced the members of its 2021 REACH Australia class. REACH Australia is a growth technology accelerator program helping launch companies into the real estate, financial services, banking, home services and insurance industries throughout Australia and Southeast Asia. The program is designed to help agents remain at…
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You’d be mad to miss the rare opportunity to own Max’s Beach House
It’s one of the most renowned beach houses in the country and was also featured in one of Australia’s most iconic films and Max’s Beach House could be yours - if have $11 million to spare.
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Call for half of NSW social housing to be provided by not-for-profit providers
The Community Housing Industry Association NSW says 50 per cent of social housing investment should be delivered by not-for-profit community housing providers in order to meet surging demand and deliver as many new homes as possible.
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The Agency launches China Desk service to capitalise on imminent demand
COVID-19 has dramatically changed the way we conduct our lives and the public health response by our state and federal governments and key agencies, which has allowed Australians to begin living with a degree of normality, has not gone unnoticed internationally.
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