BTW
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New Commercial Agency To Shake Up Sydney market
Four commercial real estate agencies have combined efforts in the hope to make a significant impact on the Sydney market, with assets under their management worth around $1.5 billion. The Announcement: A consortium of four major commercial real estate businesses has been formed to create Sydney’s newest and one of the largest commercial real estate sales and leasing groups. Called…
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Ray White celebrates $7.8 million sale of M-Space Colmslie building
Ray White celebrates the sale of all 18 commercial units in the new M-Space Colmslie building in Brisbane’s Morningside for $7.885 million. The Announcement: ALL 18 units at Brisbane’s brand-new M-Space Colmslie have sold out in double-quick time for $7.885 million (excl. GST) as both investors and owner-occupiers took advantage of the ever-popular and exponentially growing Australia TradeCoast corridor. The…
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Will the house price boom be a boon for Australian banks?
While national house price moves look to have outrun their fundamentals, the associated boost in economic activity will improve the outlook for bank credit growth and earnings. The Announcement: Australian house prices have risen to record levels, with the near unprecedented acceleration triggered by, among other factors, the COVID-19 pandemic crisis response to cut interest rates to near zero levels.…
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Federal Government needs to boost population growth and productivity
The fifth Intergenerational Report shows migration and urban productivity are crucial to Australia’s future. The Announcement: The Property Council of Australia has labelled the latest Federal Government Intergenerational report a ‘wake-up call’ for policymakers on the importance of population growth and increased productivity to Australia’s economy. The fifth Intergenerational Report, released today, has found that Australia’s birthrate is expected to…
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McGrath extends regional presence with new offices in Orange and Molong
Fitzgerald Estate Agents has relaunched as McGrath Orange and there will be a second office at nearby Molong. The Announcement: Leading residential real estate group, McGrath Estate Agents, today announced the opening of two new offices in Orange and Molong, a move that reflects the company’s intent to expand further into new key regional lifestyle areas in NSW and Victoria.…
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Jaw-dropping Sydney mega-mansion set to torpedo Sutherland sales record
A six-level Sydney mansion with authentic WWII torpedo in its basement is now on the market. The Announcement: One of Australia’s most extraordinary uber-mansions, home to an authentic WWII torpedo in its basement, is set to hit the market in coming weeks, offering buyers the chance to own six levels of inconceivable luxury perched on the shores of Sydney’s Burraneer…
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Knight Frank Perth and Mack Hall Real Estate enter into partnership
Knight Frank and Mack Hall Real Estate have announced a new partnership in Perth The Announcement: Knight Frank’s Perth office has entered into a partnership with Perth’s premium agency for prestige residential property, Mack Hall Real Estate. The partnership, branded ‘Mack Hall in Association with Knight Frank’, means the two businesses will work together in the luxury residential space to…
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REIWA’s annual Auctioneering Championships showcase WA’s best talent
The Real Estate Institute of Western Australia (REIWA) has awarded the ultimate gavel to the finest local talent at their annual Auctioneering Championships. The Announcement: Tom Esze from TomEsze.com has taken out first place in the senior category at REIWA’s annual Gift of the Gavel Auctioneering Championships. The championships, which were at Wembley Golf Course, are divided into two categories,…
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REINSW: Budget bounces back because of property
The Real Estate Industry Association of New South Wales (REINSW) is calling on the State Government to work with the sector after figures revealed real estate is the state’s biggest revenue source. The Announcement: With Budget figures showing stamp duty from property transactions has contributed over $9 billion to the state’s economy, it’s time for the NSW Government to work…
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NSW Budget will help economy roar back to life
The New South Wales budget is set to bolster the local economy after the pandemic slump, but the state’s housing crisis was only given a modest boost. The Announcement: The Property Council of Australia today welcomed the NSW Budget 2021-22 as critical to cement the strong foundations set by the Berejiklian Government to secure NSW’s economic and social recovery from…
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Builders back moves to boost home ownership
Master Builders Australia has welcomed the release of 30,000 new places under the First Home Loan Deposit Scheme, New Home Loan Guarantee and Family Home Guarantee. The Announcement: The Federal Government has announced the expansion of housing programs that are helping more people to own their first home provides and strengthening economic recovery. “The release of 30,0000 new places in…
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A toast to reimagining the Cahill Expressway
The Property Council of Australia has welcomed plans to transform Sydney’s Cahill Expressway into a world-class party stage for seven days over New Year. The Announcement: NSW Executive Director of the Property Council of Australia Jane Fitzgerald on Saturday said the reimagining of the Cahill Expressway as a place for Sydneysiders to enjoy, and importantly to show the world why…
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Katie Cotton joins Ray White Queensland
Ray White has announced the appointment of Katie Cotton as Chief Growth Officer for Queensland The Announcement: Ray White Queensland will soon welcome highly regarded real estate professional, Katie Cotton, to its growing corporate family. In her new role as Chief Growth Officer for Queensland, Ms Cotton will develop strategic plans to drive growth for the leading network in the…
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First home deposit scheme well placed to help thousands
The Housing Industry Association of Australia has welcomed the adjustment of First Home Loan Deposit price caps and build times.
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Gold Coast tower records $110M in sales
A Gold Coast development has secured $110 million in sales only weeks after the development application was submitted The Announcement In one of the most successful sales campaigns ever seen on the Gold Coast, Sydney-based Sammut Group has secured an astronomical $110 million in conditional sales in its ultra-luxury “Coast” project after submitting a development application only three weeks ago.…
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Fantastic Fridays a fab idea, says Property Council
The Property Council of Australia has welcomed an initiative to entice workers back to Sydney’s CBD The Announcement: NSW Executive Director of the Property Council of Australia Jane Fitzgerald today said the NSW Treasurer’s announcement of a $50 million investment to entice workers back into the Sydney CBD on Fridays was a fantastic pre-budget announcement. The Property Council has advocated for a…
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DiJones all in for consumer centricity with launch of Conversational AI
As more consumers feel comfortable with and seek out new technology, DiJones believes now is the perfect time to introduce Artificial Intelligence (AI) into the real estate sector. The Announcement: Improving the customer experience and allowing 24/7 access to property information has seen DiJones roll out a new way to communicate with consumers. “The majority of consumers are very comfortable…
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McGrath opens new office in Lower Blue Mountains
As more Sydney residents expand their property search into the stunning Lower Blue Mountains, McGrath Estate Agents have opened a new office in order to service the increasingly popular regional New South Wales area. The Announcement: Leading residential group, McGrath Estate Agents, has opened a new office in a popular regional area of NSW. McGrath Lower Blue Mountains will be…
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LJ Hooker gives its agents a runway into spring
LJ Hooker has landed an exclusive partnership with Qantas Frequent Flyer. It hopes to incentivise new leads – people who are considering selling – to taking that first step in their journey. The Announcement: LJ Hooker, in partnership with Qantas Frequent Flyer, recently launched its latest campaign to drive customer engagement and lead conversion in the lead up to the…
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Historic Burwood Federation castle breaks suburb record
Richard Matthews Real Estate sold the 1907 home for $6.6 million. The Announcement: Richard Matthews Real Estate broke the Burwood suburb sales record on Saturday after selling an historic Appian Way property on Saturday. A tribute to the Richard Matthews team, the home passed in a $6.3 million before post auction negotiations saw it sell at $6.6 million, an enormous…
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Zillow’s new neural Zestimate makes home valuations more accurate
American online real estate marketplace company Zillow is using a human-like artificial intelligence to improve its national median error rate. The Announcement: Zillow today launches significant upgrades to its Zestimate® home valuation model. The changes allow the algorithm to react more quickly to current market trends and improve the national median error rate to 6.9% — an improvement of nearly a…
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State Budget a mixed bag: REIQ
The Real Estate Institute of Queensland is urging the State Government to do the heavy lifting across affordable housing, delivering First Home Owners Grant extensions and cutting stamp duty. The Announcement: The Real Estate Institute of Queensland has welcomed increased social housing and infrastructure spending in the 2021-22 Queensland Budget but has given a thumbs down to a lack of…
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Plan lodged for revitalisation of Cronulla CBD
The Sammut Group has lodged a plan for a $350 million revitalisation of Cronulla's CBD
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Mergers herald new era for Herron Todd White
Herron Todd White is merging regional and city operations to create larger state entities
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SA house prices higher but first time buyers still coming
House prices might be rising but that’s proving no deterrent to first home buyers in South Australia The Announcement: The rising real estate market in South Australia over the past year has proved little deterrent for first time buyers looking to purchase property, according to REISA CEO, Barry Money. “Statistics show that increasing numbers of first-time buyers are taking the…
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Buyers stretching debt levels as property prices rise
The Australian Prudential Regulation Authority says the debt-to-income ratio is rising. The Announcement: Australians are increasingly taking on risky levels of debt, new figures from the Australian Prudential Regulation Authority (APRA) have confirmed today. The value of new home loans with a debt-to-income ratio of six and over climbed to $23.77 billion in March. This is an increase from 16.3 per cent to…
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Strong offers encourage happy vendors to skip under-the-hammer sales
Raine & Horne says recent pre-auction sales indicate perfect time for all types of properties to transact
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Start-up portal Zango welcomes White family to the register
The Ray White group has invested in Canberra-based portal Zango The Announcement: In a coup for Zango, the owners of the nation’s largest real estate group – Ray White – have taken a stake in the Canberra-based start-up property portal. The White family has thrown its support behind the largely industry-owned property portal, which is going head-to-head with the major media…
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REIQ urges real estate industry to roll up its sleeves
The REIQ has partnered with the Red Cross to encourage blood donations. The Announcement: With donor numbers on the decline and hospital demand increasing, the Real Estate Institute of Queensland (REIQ) has partnered with the Australian Red Cross Lifeblood to encourage the industry’s 46,000+ real estate professionals across the state to step up and give much-needed blood. “The unprecedented demand…
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REISA welcomes new affordable housing funding deal
The Real Estate Institute of South Australia has lauded an agreement which is designed to improve housing affordability
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Luxury new tower vision to take blue chip beachside suburb to the next level
Melbourne-based developers set to a new luxury tower at Mermaid Beach on the Gold Coast The announcement: With the tide of demand on the Gold Coast for luxury beachside residences still high, Melbourne-based developer Hirsch & Faigen is set to put another shovel in the famed strip of sand. In a move further cementing the city’s status as Australia’s luxury…
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Best of RE/MAX are making waves
RE/MAX’s elite salespeople attended a forum designed to hone their skills and build their business on Hamilton Island The announcement: The elite in the RE/MAX sales force wound up three days of professional stimulation on Hamilton Island this week. RE/MAX Australia invites its top performers to participate in a forum of shared knowledge and experiences each year. The Platinum +…
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Property Council welcomes gov push to get back to the office
The Property Council of Australia has welcomed the Prime Minister’s call for workers to return to the office The announcement: The Property Council has applauded the Prime Minister’s message to government and private sector employers that it is “time to get back to the office”. The Property Council’s office occupancy survey has tracked the rate of occupancy of Australia’s capital city CBDs…
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Buyers snap up Mastery apartments in Waterloo
Buyers are looking for low maintenance, luxury apartments across Sydney’s most convenient locations, according to Crown Group. The Announcement: Mastery by Crown Group in Sydney’s Waterloo has experienced a spike in sales with the current median unit price now 66 per cent lower than the median house price in Sydney, driving demand for luxury, more affordable apartments with resort-style amenities. Crown…
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MLC Centre gets a new name as part of a $170 million transformation
The Harry Seidler landmark will showcase retail, dining and cultural experiences. The Announcement: The iconic MLC Centre will be known as 25 Martin Place as new retailers were unveiled today as part of the first stage of the circa $170 million transformation. The new name, 25 Martin Place, celebrates the location in the heart of Sydney’s thriving CBD and will…
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