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FEATURE INTERVIEWS
Michelle Errichiello’s journey from real estate to the Paralympics and back
It isn’t often that someone’s story leaves you speechless, but Michelle Errichiello, co-director of Raine&Horne Essendon, has one of those stories. She spoke with Hannah Blackiston about the accident that changed her life forever, her career as a Paralympian and how her office swept the Raine & Horne Victorian State Awards. Michelle Errichiello has lived in the Essendon area her…
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FEATURE INTERVIEWS
Quiet achiever: Why sellers love Tyson Clarke
Joining the real estate industry three years ago from a development and engineering background, Tyson Clarke has already achieved formidable success in Brisbane’s high-end market. He spoke with Hannah Blackiston about work ethic, building a profile and delivering on promises. Tyson Clarke has a different attitude to real estate. Despite only being in the industry for three years, his expansive…
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FRANCHISE NEWS
Purplebricks appoint ‘agile results-focused’ digital agency
Flat-fee based agency Purplebricks have appointed digital agency King Kong to create digital marketing strategies and campaigns across Google Ads, YouTube pre-roll and Facebook. “As a disrupter in the real estate industry, we needed a campaign to match our agile, results-focused approach. So King Kong was the perfect fit,” Purplebricks Australia CEO Neil Tavender said. “Purplebricks Australia is growing rapidly…
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FRANCHISE NEWS
Three offices join forces to become OBrien Mornington
Three real estate offices have become one in Main Street, Mornington as OBrien Real Estate scores a hat trick. Three agencies in the Mornington Peninsula have consolidated into one large agency as Kayn Luff, director and business owner of long-established and trusted independent Mornington agency Conley Luff, joins forces with Fraser Bayne, director and business owner of OBrien Real Estate…
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FEATURE INTERVIEWS
The Competitive Edge: Malek Younan
After I finished high school I got into an engineering course, which I didn’t start because I just didn’t have a passion for it. So I deferred it and thought I’d try and get into real estate.” After completing his licence and with a vision to one day having an office of his own, Malek walked into his local real…
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FEATURE INTERVIEWS
How Josh Tesolin is building his profile
“I got my start in leasing, and I was pretty good; I was leasing properties within five days, but I was terrible at the admin side. I got my first opportunity in sales at 19 – my boss took a weekend off with an injury, so I had three properties of his and I sold all three on the day.…
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INDUSTRY NEWS
Banking Royal Commission final report demands crackdowns and compensation
The long-awaited final report from the banking Royal Commission has been handed down. The report, received by the Morrison Government on Friday 1 February and released publicly Monday 4 February, has suggested sweeping changes to the industry and 76 actionable recommendations. Commissioner Kenneth Hayne’s final 530-page report and 76 recommendations have been welcomed by the Federal Government and Labor, who…
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INDUSTRY NEWS
CoreLogic’s January Home Index shows continued falls
CoreLogic’s January home value index shows the property market in Melbourne and Sydney continued to fall, with all capital cities apart from Canberra recording a month-on-month fall in dwelling values. CoreLogic’s hedonic home value index shows a further 1.0 per cent decline in national dwelling values over the first month of 2019, taking the cumulative decline in Australian dwelling values…
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FEATURE INTERVIEWS
Toowoomba to Cairns: Starting over with Tiffany Krause
“You obviously meet a lot of people through the RE/MAX network and I’d consistently caught up with the guys up here. Then I came for a holiday a couple of years ago and just loved it, absolutely loved it.” After falling in love with the Cairns region, Tiffany reached out to principal Tony Williamson and asked if there was a…
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INDUSTRY NEWS
Real estate industry professionals recognised in Australia Day 2019 Honours
Several members of the real estate industry have been recognised in the 2019 Australian Day Honours, receiving recognition for the work they’ve done both for the industry and for their communities. 2019 saw 1,127 Australians recognised on the Australia Day list – the largest number in the history of the Order of Australia. Among those recognised were several members of…
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SUPPLIER NEWS
Queensland proptech company brings on several big names in advisor roles
Brisbane-based OurProperty, a proptech in the property management space, has started 2019 with a bang, bringing on several big names in the property industry as its new board of advisors. The company, which develops property management products, has brought on the advisors to support its ongoing goal of becoming a major player in the property management tech zone and look…
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INDUSTRY NEWS
Chinese investment in Australian property to stay strong in 2019 as buyers look to ‘grab a bargain’
Juwai.com has released the Australia 2019 Outlook for Chinese Residential Real Estate Buying, which shows that 2019 will continue the strong outlook for Chinese investment as buyers are attracted by dropping prices in key markets. According to the report, Chinese buyers will be bolstered by strong Chinese wealth growth and the desire to get a bargain while the market is…
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INDUSTRY NEWS
Realestate.com.au report shows the true issues facing ‘Generation Rent’
In partnership with youth publishing group Pedestrian. TV, realestate.com.au has released the 2019 Renters Report which provides a snapshot of young Australian renters and the issues facing them. The report highlights some surprising statistics around living conditions and rental stress in 18 to 39-year-old Australians. It surveyed 3,500 respondents nationally through quantitative research methods, as well as taking a qualitative…
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FRANCHISE NEWS
Purplebricks changes tactics in US, takes on traditional fee structure
Fixed-fee agency Purplebricks has announced a change to its US business model, switching to a varied listing fee structure which will only be charged when a home is sold. The new approach for the network will launch this week and aligns the business with a more traditional agency model. “These changes have been informed by customer and agent feedback and…
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FEATURE INTERVIEWS
Why agents are knocking at NOKK’s door
Like many start-ups, the idea was born from personal experience. NOKK co-founder Ben Voltz, a digital entrepreneur who also counts transaction platform ROKT as one of his successes, was struggling to find a home in his desired suburb of Albert Park in Melbourne. “There were only about 15 properties on the market, which is a very small amount out of…
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INDUSTRY NEWS
Australia named second least-affordable housing market in the world
The 15th Annual Demographia International Housing Affordability Survey shows Australia as the second most unaffordable market for housing, with New Zealand coming in third. The survey uses a measurement of ‘median multiple’ to rank affordability, which is found by dividing median house price by gross annual median household income. This method is the same favoured by the United Nations and…
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Brand Editorial
How to position your business for success with outsourcing
Rebecca Halton As the CEO of LJ Hooker City Residential in Perth, Rebecca has a lot on her plate. Leading two offices and a sizeable rent roll in a fairly tough market, efficiency and cost-effectiveness were two of the top concerns for Rebecca’s business. She now has five staff members from Beepo working across both her offices. “We have three staff…
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SELLING + MARKETING PROPERTY
The story behind realestate.com.au’s most-clicked listing of 2018
After languishing on the market for three years, a property in Victoria’s Narre Warren North sold this year with Kristen Turner of Peake Real Estate who took over the listing in April. Not only did Ms Turner secure a record price for the home, it also become the most-clicked on realestate.com.au for 2018 – finding its way in front of…
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INDUSTRY NEWS
CoreLogic reveals best performing suburbs for 2018
CoreLogic has released their Best of the Best report for 2018, revealing the suburbs which performed best as the property market slowed. At a macro level, CoreLogic research analyst Cameron Kusher describes the property market conditions for 2018 as ‘slowing quite rapidly’. Digging beneath the surface, his analysis found that the market conditions are now somewhat of a mixed bag,…
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INDUSTRY NEWS
APRA removes cap on interest-only home loans
The Australian Prudential Regulation Authority (APRA) has announced it will end a 30 per cent cap on the proportion of new loans that can be made on an interest-only basis, saying it was a ‘temporary measure’. APRA chair Wayne Byres said that since the introduction of the cap the proportion of new interest-only lending had halved and that the share…
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Real Estate News
Owen Wilson appointed Chief Executive Officer of REA Group
In an announcement to the ASX today, REA Group has announced that Owen Wilson will be taking over from Tracey Fellows as CEO when she steps down from the role in 2019. Ms Fellows is moving to New York to take on a new role as President of Global Digital Real Estate with REA Group majority shareholder News Corp. Mr…
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FEATURE INTERVIEWS
Born to Compete: Hayley Van de Ven
Entering the real estate industry straight out of high school, Hayley Van de Ven was a successful sales agent by the age of 18 – something she can barely believe now. “When I think about it now, I wonder who would have taken me seriously at 18,” laughs Hayley. She initially entered into a youth training program run by Ray…
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SUPPLIER NEWS
Domain purchases Commercial View
Domain have made their first acquisition since the Nine takeover, purchasing Commercialview.com.au. The move comes after the announcement last week that Chief Sales Officer Tom Ainsworth had been made redundant after CEO Jason Pellegrino had made the decision to restructure the business. The acquisition is occurring via Commercial Real Estate Media (CREM) which is a subsidiary of Domain – owned…
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SUPPLIER NEWS
Survey results show what really makes property managers happy
Property software provider Rockend has released the results of their 2018 Voice of the Australian Property Management survey which has shown how property managers really feel about their industry. The survey of 1,034 property management professions, including property managers, principals, heads of departments, BDMs and trust managers, was aimed at establishing a benchmark for the feeling of those in the…
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SUPPLIER NEWS
Tom Ainsworth receives redundancy from Domain as restructure is announced
Domain’s chief sales officer Tom Ainsworth has been made redundant as CEO Jason Pellegrino makes major restructuring changes in the business. According to a memo sent to Domain staff yesterday, the restructure will see the business split into two main arms – B2B and B2C. The split has seen the former chief product and customer experience officer Tony Blamey promoted…
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EPM: Profile
Delivering a Difference: Jessica Melling
With 11 years in property management under her belt, Jessica Melling is somewhat of an expert. It’s this passion and knowledge that drives her in her current role as BDM at LJ Hooker Robina and Mudgeeraba, where she also oversees the property management team across both offices, as well as working with Burleigh Waters and Burleigh Heads. “As a team we’re growing rapidly.…
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FEATURE INTERVIEWS
Feeling at home: Jason Boon
Richardson & Wrench’s office presence in Potts Point is a great reflection of their team. Although they’ve moved into a thoroughly modern office space on bustling Macleay Street, just a couple of blocks away they still have one of their old offices. It’s here that Jason Boon works. The office, which also acts as an auction space, matches his personality…
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FEATURE INTERVIEWS
The initiative helping agents end homelessness
“I’d noticed the homeless situation getting worse and worse – I think in the inner city over the last six years I’ve really been noticing it – but I’ve always thought it’s someone else’s responsibility. Someone else will deal with that. Then I realised I could actually do something about it, which is how the project started. “I thought, here…
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INDUSTRY NEWS
Airbnb set to start designing houses in 2019
Airbnb has announced they will begin building their own prototype homes in 2019 through a new project called Backyard. The short-term letting platform, which arguably kicked off the self-managed short-term letting craze, already has a global network of more than five million properties and is estimated to be worth approximately $38 billion. According to a press release, Backyard will be…
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INDUSTRY NEWS
Changes to flexible work arrangements from 1 December 2018
The Fair Work Commission has announced changes to flexible work for millions of workers across the country. As of 1 December 2018, employers will need to make a genuine attempt to reach a flexible working arrangement, and provide details for any refusals. Flexible working arrangements include changes to hours of work, patterns of work and locations of work. Employees who…
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INDUSTRY NEWS
Melbourne tops Asia Pacific region as best investment for 2019
According to a new report from the Urban Land Institute (ULI) and PwC, Melbourne is the best prospect in the Asia Pacific region for both investment and development. The Emerging Trends in Real Estate Asia Pacific report for 2019 provides an outlook on Asia Pacific real estate investment and development trends, real estate finance and capital markets, and trends by…
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FEATURE INTERVIEWS
Playing to win: the female agent team who tackled The Block 2018
Channel Nine’s renovation juggernaut The Block wrapped on its 14th season this year, seeing Hayden and Sara from New South Wales take the (slightly controversial) win, represented by McGrath St Kilda principal Michael Townsend. But representing Kerrie and Spence from South Australia was The Block’s first all-female (and the only female agents this season) team, Emily Adams and Stephanie Evans…
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INDUSTRY NEWS
Tenants to benefit from Better Business Reforms
The NSW Government says tenants and small business owners across the state will benefit from a $41 million savings boost after the final part of the NSW Coalition’s Better Business Reforms passed Parliament. “My Better Business Reforms are cutting red tape and putting more savings back into the pockets of hard-working small business owners around NSW,” said Minister for Better…
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INDUSTRY NEWS
REA Group CEO Tracey Fellows announces move to New York
Tracey Fellows, chief executive of REA Group, is stepping down from the role to take on a new position as the head of digital real estate for News Corp. Ms Fellows will leave the company in January 2019 but will remain on the board as News Corp’s representative. News Corp majority own REA. Ms Fellows was appointed CEO in 2014…
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INDUSTRY NEWS
APRA’s ‘unnecessary’ intervention causing ‘economic destruction’
Propertyology Head of Research Simon Pressley said that the extent of recent intervention by APRA was completely unnecessary and that Australians should be concerned about its effect on the national economy. “The grip that APRA have on national credit supply is so tight that we now have a significant blockage in a major artery of the economy. If the Federal…
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