SUPPLIER NEWS
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RBA leaves official cash rate at 10 basis points at June meeting
The Reserve Bank has again opted to maintain its current policy settings at its monthly Board meeting, including keeping the official cash rate at the historic low of 10 basis points.
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RBA leaves official cash rate at historic low at April meeting
The Reserve Bank has once again opted to leave interest rates at the historic low of 10 basis points at its monthly meeting on Tuesday.
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Property values are climbing, and so is industry confidence
Dwelling values are continuing to climb but so is confidence, with new data showing industry confidence levels are approaching record levels.
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Metro Melbourne median house price passes the $1 million mark
The median house price in Victoria has recorded one of its largest quarterly increases, with the value of Melbourne metropolitan houses passing $1 million.
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Domain report shows house rents hit new highs in most capital cities
Domain has just released its Rent Report for the March quarter, with data showing every capital city in the country bar Melbourne, Perth and Darwin hit new record highs in the first three months of 2021.
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Canberra needs 12 new houses a day for next 20 years
Arabella Rohde was elected as the Property Council’s new ACT division president last month and she’s now issued a blunt warning about challenges faced by population growth in the nation's capital.
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Luke Kenyon joins Homely’s Executive Team as Head of Product
One of the nation’s leading industry-backed real estate portals has appointed a new Head of Product, with Homely.com announcing Luke Kenyon has joined its Executive Team to take on the newly created role.
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CoreLogic data shows auction clearance rates hit 80 per cent
CoreLogic has released its Quarterly Auction Market Review, today, revealing Australia's combined capital cities clearance rate reached 80.0 per cent over the first quarter of 2021.
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Direct Connect partners with RACV to give movers access to even more benefits
Moving services company, Direct Connect, has announced an exclusive partnership with the Royal Automotive Club of Victoria (RACV), giving RACV members seamless access to Direct Connect’s moving service.
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Console Cloud integration with Snug will streamline leasing process for property managers
A new application integration from software company Console Cloud will enable property managers to streamline the leasing journey.
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CoreLogic national home value index rises at fastest rate in more than 30 years
CoreLogic’s national home value index rose by 2.8 per cent in March, the fastest rate of appreciation in more than 30 years.
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Perth properties selling at fastest rate in 15 years
Properties in Perth are selling at a faster rate than they have for 15 years, according to Real Estate Institute of Western Australia data for March.
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Building approvals soar across the nation
New Australian Bureau of Statistics data shows the number of building approvals across the nation skyrocketed in February. According to the ABS data released today, the number of dwellings approved rose 21.6 per cent in February, seasonally adjusted, after falling 19.4 per cent in January. ABS Director of Construction Statistics Bill Becker said approvals for private houses had increased 15.1…
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HTW property clock reveals Melbourne, Sydney and Sunshine Coast on the rise
Herron Todd White have released their monthly property clock and unsurprisingly, Melbourne is one of the markets forecast as being on the way up, officially swinging to 'rising market' status.
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CoreLogic forecasting third-busiest auction week since 2008
Following a solid week of activity last week, CoreLogic is forecasting this week to be the third-busiest week for auction volumes across the combined capital cities since it began collecting auction data in 2008. There are 3380 properties scheduled to go under the hammer across the combined capital cities this week, which represents a 43 per cent increase on last…
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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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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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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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Property Council campaign aims to make Fridays fab again in Melbourne
The Property Council has called on Melbourne’s business community and the Victorian Government to rally around 'Fab Fridays'.
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Know your Territory: Getting your listing right can make a big difference in Canberra
With Canberra house prices setting a new record high and unit prices also edging their way towards a new peak, many potential sellers appear to be changing gear.
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Trigger happy: Rex announces integration with automated tech tool Zapier
Rex Software has integrated a new automation tool into its CRM that has helped US agents reduce their lead follow-up time by 90 per cent.
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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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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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Price growth in capital cities outstripping regions according to REA Insights Home Price Index data
Capital city price growth outpaced regional growth for the second time in 12 months in February, data from the new REA Insights Home Price Index released today shows.
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ListSure and Campaign Flow form partnership to ‘reshape the market’
Pay on success innovator ListSure has joined forces with pay later provider Campaign Flow to form a partnership designed to change the way real estate agencies fund vendor marketing.
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ANZ innovation division launches digital offer solution Propps
A new white-labelled digital offer management solution for the real estate industry was released yesterday, allowing agents to generate legally binding offers directly from their own website and manage the process between buyer and vendors.
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The real cost of cheap vs affordable CRMs
Bargain hunters. You know the type. The ones who go with the discount agent who’s more than willing to shave 0.75 per cent off their comms.
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realestate.com.au sets early records in 2021; launches new brand campaign
realestate.com.au have reported an all-time record of more than 128 million visits* to the site over January 2021. Meanwhile, the brand has launched its new autumn campaign which talks to its audience leadership position and the personalisation features of the realestate.com.au experience. REA Group Executive Manager – Consumer Marketing, Sarah Myers, said the team took a fresh approach to the autumn…
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Construction of new homes to hit record high in 2021
A record number of almost 130,000 detached homes are anticipated to commence construction in 2021.
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Homely Instant List an instant hit at Transform
Transform 2021 participants have been given a sneak peek of homely.com.au's newest marketing product, with the real estate portal giving attendees an exclusive first look at the Instant List.
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REA announces first-half results, new partnerships
Realestate.com.au today announced its results for the first half-year ended December 31, 2020, delivering a strong performance despite volatile market conditions arising from the COVID-19 pandemic.
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Agents for change hit milestone as Zango celebrates first birthday
Canberra-based property-listing portal, Zango, has just turned one, with the locally owned and operated business celebrating the anniversary of its go-live date on Wednesday.
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Rex Software online learning program aims to foster closer ties with users
Real estate industry CRM platform Rex Software has just announced a new initiative to give agents a boost, with a free two-month program aimed at helping better integrate technology into their businesses to drive productivity and build better relationships with clients.
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Domain announces partnership with Fintech to provide VPA for sellers
Enterprise payments fintech, Limepay, has been selected by Domain Group to jointly deliver a bespoke buy now play later product called “MarketNow” with Australia’s leading property marketplace, Domain (ASX:DHG). MarketNow is a secure online payment gateway that allows real estate agencies to collect the total marketing costs from owners upfront when selling their…
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