Industry News

  • Australian companies Crown Residences at Barangaroo, Ironfish, ArchiStar and BC Securities were four of the most notable among the 20 of the world’s very best China-focused real estate marketers who were named as winners of the Global Chinese Choice Award by Juwai.com at a gala black-tie dinner event in Shanghai on Wednesday, 5 December. The awards presentation followed four months…

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  • Dexus has agreed terms for one of Australia’s first supply-linked renewable Energy Supply Agreements (ESA), which will purchase renewable energy offsite to power the base building services of more than 40 buildings in its New South Wales property portfolio. This will be achieved through the procurement of renewable energy generation and presents a new lever for Dexus and the property…

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  • A report from consumer watchdog CHOICE, together with National Shelter and The National Association of Tenant Organisations, claims that over 50 per cent of tenants are living in properties that need repairs. However, industry bodies say the report isn’t reflective of the full story. According to REIWA, the issues raised in the Disrupted: the consumer experience of renting in Australia report are…

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  • At its meeting yesterday (4 December 2018), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 25th consecutive meeting. “Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low,” said RBA Governor Dr Philip Lowe. “Credit conditions for some borrowers are tighter than they…

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  • A new report from PRDnationwide has made some surprising discoveries along the eastern seaboard, including affordability in parts of Sydney for the first time since 2016 and a strong market in Brisbane’s north. The PRDnationwide Affordable and Liveable Property Guides 2nd Half 2018 for Sydney, Melbourne, Brisbane and Hobart reports on many key indicators, creating a holistic picture of property…

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  • 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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  • REA Group has announced on Saturday that Melina Cruickshank has been appointed to the role of Chief Marketing & Content Officer; taking a place as part of REA Group’s Executive Leadership Team reporting to CEO Tracey Fellows. Spending four years as Chief Marketing and Content Officer of Domain, the move comes days before Nine takes full control of Fairfax Media, which…

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  • 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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  • 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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  • The Real Estate Institute of Queensland has announced its 2019 Awards for Excellence finalists, representing the best in the Queensland real estate profession. REIQ CEO Antonia Mercorella congratulated all finalists on their success. “This year’s Awards attracted a very high calibre of entrants, reflecting the growing focus on professionalism for all REIQ members,” she said. “To be named a finalist…

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  • Juwai.com has launched a new Education Channel on its website, dedicated to international education and related properties for Chinese families. Early sponsors and advertisers on the channel include the Overseas Property & Immigration & Investment Exhibition in Shanghai this December; Hopewell Developments, a leading Canadian developer with a portfolio in Alberta, Ontario, Manitoba and British Columbia; Surterre Properties, the leading luxury…

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  • 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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  • The Real Estate Institute of New South Wales has elected Brett Hunter as President-Elect of the industry body, effective November 2018 for a one-year term. REINSW CEO Tim McKibbin said the appointment of Brett Hunter as President-Elect will ensure a smooth transition when REINSW President Leanne Pilkington steps down in 12 months time. “Brett has contributed to the direction and…

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  • As proud partner of The Salvation Army, REIWA is encouraging West Australians to get behind the Salvos’ Annual Christmas Appeal to help bring holiday cheer to the homeless in WA this festive season. REIWA President Damian Collins said there were a number of ways the local community could get behind the Salvos’ Christmas Appeal. “You can donate unwrapped gifts or…

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