Login
iscover
Here are the biggest stories impacting the real estate industry this week.
Welcome to REB’s weekly round-up of the headline stories and news that’s important not only for the real estate sector, but also for the state of property in Australia more broadly.
To compile this list, not only are we taking a look at the week’s most read stories and the news that matters to you, but we are also curating it to include stories from our sister platforms that could have an impact on the Australian property landscape.
1. Online where it’s at for former sales director
Proving a pandemic is as good a time as any to launch a new business venture, a former LJ Hooker sales director has kicked off a new online agency to upend the traditional notions of real estate.
Alex Lumsden is taking up the helm at Lumsden Agency, an online, digital-first marketing company with a focus on visual marketing and digital advertising.
2. The double-edged sword of stock levels in a buyer’s market
We’re about to see the best buying opportunities in the last decade, according to Tom Panos, who has said: “I think we’re about to see the best buying opportunities in the last decade… Stock level is flying in, I’ve booked so many auctions.”
3. The Agency hits the Central West
The Agency has expanded to the Central West region of NSW after eyeing an opportunity too valuable to pass up — with a particular focus on Dubbo, Orange, Bathurst and Mudgee.
The move sees highly regarded local agent Monica Henley and business development manager Justine Campbell welcomed to The Agency’s fold.
4. McGrath eyes regional lifestyle areas in latest expansion
McGrath Estate Agents has opened a new office in Mansfield, Victoria, as part of its goal to extend its presence into key regional lifestyle areas on Australia’s east coast.
Its move follows the launch of the group’s new Albury/Wodonga office last month.
5. Lenders exercise caution with high-density postcodes
Investors planning to borrow up to their maximum capacity, rely on bonuses or commissions, or purchase property in high-density postcodes have been warned that restrictive lending policies established in response to COVID-19 are unlikely to ease anytime soon.
6. WEBCAST: Brisbane off-the-back of COVID-19
COVID-19 has featured much in commentaries on Sydney and Melbourne’s property markets, but the same can’t be said for another east-coast capital.
Phil Tarrant and Melinda Jennison break down the Brisbane market — from the worst of the pandemic to now.
7. HomeBuilder scheme hotspots revealed
The top region by eligible HomeBuilder properties is Melbourne – south-east, with 157,364 properties worth less than $1.5 million, followed by Perth – north-west with 145,889 properties and Melbourne – west with 141,444 properties.
Melbourne appeared two more times on the list, with Melbourne – outer-east ranked fifth with 130,307 properties and Melbourne – north-east with 108,354 properties.
ABOUT THE AUTHOR
Grace Ormsby
Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.
Newsletter
