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REIWA commits to green future with environmental and sustainability policy

The Real Estate Institute of Western Australia (REIWA) has introduced an environmental and sustainability policy which will underpin its core business objectives moving forward.

National

People

Openn signs pilot agreement with two North American real estate groups

Australian-listed property technology company (PropTech), Openn Negotiation Limited, (Openn) (ASX: OPN) is pleased to announce a pilot agreement with 2 major North American real estate groups.

New South Wales (NSW)Sydney

People

Award winning auctioneer goes independent

Award winning auctioneer Edward Riley has today announced that he is branching out as an independent auctioneer.

National

The Economy

Rental market reaccelerates as pace of capital growth falls, says CoreLogic

CoreLogic’s Quarterly Rental Review for Q1 2022, released today, shows the national rental index increased 1% over the month of March and 2.6% over the March quarter, a 70 basis points increase on the December quarter.

Western Australia (WA)Perth

Xceed Real Estate expansion continues with acquisition of Joyce Property Investments

Known in Perth's real estate industry for challenging the status quo, Xceed Real Estate has again demonstrated its fearless growth trajectory – in its latest commercial acquisition of Joyce Property Investments.

Queensland (Qld)Brisbane

People

Featured Property

Zia Rahim joins REAL Specialists

Zia Rahim has listed for sale 20 Blackthorn Crescent Shailer Park, a spacious family property in a booming suburb.

National

Politics

REIA to use proptech solutions to trial national real estate license exchange

The Real Estate Institute of Australia (REIA) has been awarded a coveted government innovation grant to develop a national real estate license exchange (Project RE-ID).

Victoria (Vic.)Melbourne

The Economy

REIV calls for game-changing reforms to deliver fairness and transparency

The Real Estate Institute of Victoria (REIV) is calling for full sales price disclosure, standardised residential sales contracts, identity verification of buyers and sellers and the same price estimation standards that apply to Estate Agents, to be enforced for all residential sales.

National

The Economy

66% of investment properties have this in common - BMT

A study conducted by Australia’s leading tax depreciation specialist, BMT Tax Depreciation has identified an important statistic: 66% of tax depreciation schedules completed in the last three years have undergone a renovation or an addition by the owner.

New South Wales (NSW)Sydney

People

First National Real Estate opens new office in Sydney’s Bella Vista

The new First National Bella Vista office represents an admirable success story for Tanmay Goswami, who started as a sales agent First National Westsyde in Pendle Hill just seven years ago.

Pages

News Roundup

https://www.smh.com.au/national/nsw/after-three-years-still-no-master-plan-for-sydney-olympic-park-20180521-p4zglm.html

After three years, still no master plan for Sydney Olympic Park

Three years after it was required to start drawing up a master plan for the fast-growing Sydney Olympic Park, the state government remains unable to settle on a scheme for the area.

Sydney Morning Herald

http://www.afr.com/real-estate/perri-gets-merry-with-carlton-gardens-tower-20180521-h10bz5

Perri gets merry with Carlton Gardens tower

Private developer Perri Projects, with its joint-venture partner Wingate Property, have won approval for a $150 million tower, mostly upmarket apartments, on the northern edge of the Melbourne CBD, overlooking Carlton Gardens.

The Australian Financial Review

https://www.watoday.com.au/national/western-australia/you-see-a-sandpit-but-east-perth-river-precinct-is-transforming-20180517-p4zfz8.html

You see a sandpit, but East Perth river precinct is transforming

All eyes are on East Perth as the stadium is completed, the arches of Matagarup Bridge lifted into place and the sod turned for the new raceway and residential towers at Belmont Park.

WA Today

https://www.brisbanetimes.com.au/national/queensland/residents-plan-brisbane-s-future-in-council-campaign-20180518-p4zg86.html

Residents plan Brisbane's future in council campaign

More than 270,000 people have responded to a $2.1 million ratepayer-funded campaign to have their say on what Brisbane should look like in the future.

Brisbane Times

https://www.smh.com.au/national/nsw/the-parts-of-sydney-with-the-most-development-and-those-with-the-least-20180518-p4zg1y.html

The parts of Sydney with the most development - and those with the least

Ron Gornall’s story of suburban woe should not surprise anyone living in Sydney. His quiet, tree-lined street in Lane Cove has been turned into a noisy, traffic-choked rat run since two apartment buildings, each eight storeys high, were built opposite his home.

Sydney Morning Herald

http://www.afr.com/technology/airbnb-letting-manager-madecomfy-raises-6m-from-investec-20180516-h104fp

Airbnb letting manager MadeComfy raises $6m from Investec

Short-term rental management company MadeComfy has raised $6 million from South African wealth group Investec as the NSW government moves closer to regulating Airbnb after a three-year lull.

The Australian Financial Review

https://www.brisbanetimes.com.au/national/queensland/residents-plan-brisbane-s-future-in-council-campaign-20180518-p4zg86.html

Residents plan Brisbane's future in council campaign

More than 270,000 people have responded to a $2.1 million ratepayer-funded campaign to have their say on what Brisbane should look like in the future.

Brisbane Times

http://www.afr.com/real-estate/commercial/investment/2018-afr-rich-list-billionaire-investor-alex-waislitz-planning-big-property-move-20180514-h101qe

2018 AFR Rich List: Billionaire investor Alex Waislitz planning big property move

Billionaire investor Alex Waislitz in considering launching a listed property fund modelled on his successful investment companies Thorney Opportunities and Thorney Technologies. Mr Waislitz, who has made his $1.39 billion fortune from investing in ASX-listed small and mid cap companies, has been increasingly shifting his attention to the property industry in the past few years.

The Australian Financial Review