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REIA National Awards for Excellence 2022 finalists announced

Finalists of the 17th REIA National Awards for Excellence 2022 have been announced by Real Estate Institute of Australia (REIA).

National

The Economy

Gentle landing forecast for housing super cycle - HIA

“The volume of detached home building and renovations activity has been exceptionally strong for the past 18 months. This was initially driven by HomeBuilder and is now being supported by strong employment conditions, low interest rates and accelerated household formation,” stated HIA Chief Economist, Tim Reardon.

Victoria (Vic.)

People

RE/MAX grows in Gippsland

RE/MAX Genesis opens in Metung next month (March), a second office for business owners Daniel and Monja Schoeman.

Australian Capital Territory (ACT)

The Economy

Gap between Australia’s house and unit market hits record high - CoreLogic

The disparity between Australia’s house and unit values reached an all-time high in January of 28.3%, despite double-digit annual growth rates for both houses and units.

Queensland (Qld)Brisbane

People

Top Bayside agent Louise Denisenko switches to RE/MAX

One of the widely recognised best sales agents on Brisbane’s bayside, Louise Denisenko, has joined RE/MAX making the award-winning RE/MAX Bayside Properties her new home. Ms Van de Ven said, “We are excited to welcome Louise and her team to the network,”

New South Wales (NSW)

People

Seachange in Newcastle, as high-performing agent launches her own business, Salt Property

Newcastle Agent, Lyndall Allan has decided to take the next step in her career, launching her own business, Salt Property powered by UrbanX.

National

People

Openn Appoints new CEO for AU/NZ

Openn is pleased to announce the appointment of Sean Adomeit as Chief Executive Officer (‘CEO’) of Openn Pty Ltd.

New South Wales (NSW)

Featured Property

Tweed Heads apartment for sale - REAL Specialists

The Azalea apartment, for sale by auction on 2nd March 2022 by Gary Evenden of REAL Specialists, features ocean views and outdoor entertaining large enough to host a small crowd.

National

People

Similarweb Names Openn in its Digital-100 Annual Rankings

The Digital 100 acknowledges Australian brands across five categories who demonstrated exceptional digital growth performance in 2021.

National

The Economy

Australia’s relationship with the regions; eternal love or fleeting affair? - CoreLogic

More space, flexible working conditions and affordability has successfully tempted property buyers to Australia’s regional areas, fuelling a surge in property values and drastically reducing selling times.

Pages

News Roundup

https://myaccount.news.com.au/sites/theaustralian/subscribe.html?sourceCode=TAWEB_WRE170_a&mode=premium&dest=https%3A//www.theaustralian.com.au/business/property/lendlease-inks-deal-to-build-and-operate-retirement-village-in-shanghai/news-story/fe28b7ed0e07e36c3a4caed1fd2b6696&memtype=anonymous

Lendlease inks Shanghai deal

Lendlease is set to expand into China’s retirement village market, as it beds down a $400m project in Shanghai.

The Australian

https://www.brisbanetimes.com.au/national/queensland/brisbane-s-inner-city-rental-market-tightens-while-the-suburbs-ease-20180422-p4zb03.html

Brisbane's inner-city rental market tightens while the suburbs ease

The rental vacancy rate in Brisbane's inner-city has tightened, while the market has eased slightly in the suburbs.

The Brisbane Times

https://www.smh.com.au/national/nsw/homeowners-with-grenfell-like-cladding-could-face-price-drop-labor-warns-20180422-p4zb16.html

Homeowners with Grenfell-like cladding could face price drop, Labor warns

The NSW opposition has raised concerns flammable cladding could cause a huge drop in housing prices for home owners.

Sydney Morning Herald

https://www.realestate.com.au/news/former-afl-player-pays-over-100-million-for-brandon-park-shopping-centre/?rsf=syn%3Anews%3Anca%3Ahs%3Aspa

Former AFL player pays over $100 million for Brandon Park shopping centre

Troubled Brandon Park shopping centre has been snapped up for a huge sum after languishing on the commercial property market for nearly six months.

Herald Sun

https://www.theage.com.au/national/150m-in-compo-sought-over-failed-insulation-batts-program-20180422-p4zb1g.html

$150m in compo sought over failed insulation batts program

Installers and manufacturers affected by the Rudd government's failed home insulation program will seek $150 million in damages in a class action to be launched on Monday.

The Age

http://www.afr.com/real-estate/a-sustainable-access-to-credit-is-key-to-solving-housing-affordability-20180420-h0z1yv

A sustainable access to credit is key to solving housing affordability

A better housing blueprint, financial literacy for homebuyers and a sustainable access to credit following the banking royal commission are critical to the resolution of Sydney and Melbourne's housing affordability issue.

The Australian Financial Review

http://www.abc.net.au/news/2018-04-23/live-banking-royal-commission-amp-board/9686898

Banking royal commission examines dodgy financial advice as shareholders consider rolling AMP board

The financial services royal commission will continue hearing evidence about many instances of inappropriate financial advice given to customers, with ANZ, AMP and NAB scheduled to appear.

ABC

https://www.theaustralian.com.au/business/property/buyers-beware-markets-havent-finished-falling-yet/news-story/2550977c2457cb11027f91ab894a53d1?login=1

Buyers beware: markets haven’t finished falling yet

Even in the still undersupplied Sydney market, we don’t expect the next upswing for another three to four years, and by then rising interest rates may slow the recovery.

The Australian