"Purblebricks agents would make very little, even top agents" Hayden Groves, REIWA
Hayden Groves of the REIWA, Malcolm Gunning of the REIA, and Leanne Pilkington of the REINSW discuss Purplebricks new service offering and what it means for real estate agents and potential customers of the company.
Hayden Groves, President of the REIWA and Tim Caporn of Caporn Young Estate Agents discuss the current market, following the REIWA's announcement that sales above $1 million account for 11 per cent of house sales in the Perth Metro region.
The Australian property market is experiencing a rationalisation of agents due to tighter lending criteria, which is seeing longer listing times and stagnant prices particularly on the east coast, according to the Real Estate Institute of Australia (REIA).
Perth suburbs bucking the trend in low house sales
While Perth house sales declined last month, 31 suburbs bucked the trend to record more sales in June than they did in May, according to data from the Real Estate Institute of Western Australia (REIWA).
Premium suburbs are leading the recovery of the Perth housing market
Premium located suburbs are leading the recovery of the Perth property market, says Shane Kempton, Chief Operations Officer for Professionals real estate group in Western Australia and the Northern Territory.
New sales platform REBid new way to buy and sell real estate
A new online sales platform designed for real estate agents is being supported by the Real Estate Institutes in Western Australia (REIWA) and in South Australia (REISA).
Despite concerns over tax increases for investors, the spike in first home buyers is encouraging
While there are concerns over property tax on foreign residential property investors slowing economic recovery, recent data shows that first home buyers are more active than ever in Perth, WA, after subdued buyer activity.
