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New year, new agencies, new property market optimism: Here are the biggest property stories from the 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 do we consider the week’s most-read stories and the news that matters to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
1. Business coaches kick off own Brisbane agency
Two real estate business performance trainers have become the newest franchise recruits for Ray White.
With more than 25 years of industry experience between them, Jessica King and Kirrilli Cobley have started a venture of their own, after their most recent roles as corporate Queensland performance executives at Ray White.
2. New year, new agency for NGFarah
A Sydney-based, family-owned business is both spreading its wings and returning to its roots with the alignment of a Malabar agency.
Kicking off the new year, NGFarah has revealed it will be joining with South Eastern Realty this month.
3. Rent arrears to be returned to WA landlords
The Western Australian government will be expanding the application of its Residential Rent Relief Grant Scheme to incentivise landlords who maintain tenancies and avoid evictions post-March 2021.
4. NSW mortgages rose by 14% in 2020
According to the December 2020 Residential Mortgage Activity report from NSW Land Registry Services (NSW LRS), there were 249,254 mortgages registered on NSW residential titles over the year — up by nearly 14 per cent on the prior year.
The growth was strongly propelled by refinance activity, which rose by 22 per cent year-on-year as the country as a whole saw record-low interest rates and lenders offer competitive cashback offers.
5. Property experts reveal where to invest in 2021
As Australian property markets recover from a tumultuous 2020, most experts believe that this new year is shaping up to be stellar for real estate.
Property Investment Professionals of Australia (PIPA) chairman Peter Koulizos said that 2021 will be a better year than 2020, particularly for the residential property market, as capital cities are expected to see a higher rate of value increases.
6. Perth property to grow by 10% in 2021
The Western Australian capital concluded 2020 on a property sales high, as forecasts for the coming year predict further price growth of between 6 and 10 per cent.
7. NAB offers loan relief in new disaster package
National Australia Bank has released a new disaster relief package for customers affected by the recent bushfires in Lucindale in South Australia.
More than 100 people from the town of Lucindale in the state’s south-east had been forced to evacuate their properties on Monday (11 January) as grass fires threatened the town.
8. 10 predictions for Australia’s property market in 2021
2021 is tipped to be a big year for the property market despite a number of well-known economic challenges in the form of sluggish growth and trade tension.
But according to Knight Frank, the outlook remains bright as the market continues to respond positively to low interest rates and the weight of private and institutional capital seeking to be deployed.
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