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Agents move online in response to ban on open homes, auctions

March 27, 2020Naomi Neilson

Following the ban on public auctions and open homes, some real estate agents have moved to selling properties using an online property auction platform. ...

REB_top100agents
top 10 agents

1

ALEXANDER PHILIPS

Year of Experience: 17

Support Staff: 5

Residential Properties Sold: 208

Total Value of Residential Properties Sold:

$614,864,500

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TECH MARKETING SALES BETTER BUSINESS PROPERTY MANAGEMENT
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A new association has been rolled out which seeks to raise awareness of proptech within Australia’s real estate sector ...

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Property data is undeniably a critical tool, but how does one navigate the abundance of information available without p ...

Graeme Hyde WEB What makes a high-performing office?

With 25 years of industry experience under his belt, Graeme Hyde understands the formula for a successful real estate of ...

Tara Bradbury WEB A completely paperless approach to property manage ...

Tara Bradbury launched Active Agents last year as a means of presenting an entirely paperless property management operat ...

James Lampropolous WEB A project marketer’s take on being a successful ...

As REB’s top-ranked project marketing agent with over 20 years of industry experience, James Lampropoulos advocates fo ...

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Getting a big win is more than just sales. It involves strategic planning and setting goals, according to real estate bu ...

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Home owners are being warned after a Western Australian electrician was fined $15,000 after incorrect wiring caused a Du ...

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EVENTS
REB Awards 2018 logo 01 1
Real Estate Business Awards 2020

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

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State of Markets - NSW July 2012

02 July 2012 Reporter

Essential information, plus expert insight on what is shaping the national property market... 

NEW SOUTH WALES

NSW houses have 90,000 shortfall

At least 90,000 NSW houses need to be built, and quickly, according to a report by the Urban Development Institute of Australia.

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A chronic undersupply was highlighted in the Mckell Institute’s report earlier this month and a lack of dwellings is seen as the reason why Sydney rental and house prices are some of the highest in the world.

“Recent studies have indicated that Australia – and Sydney in particular – has one of the least affordable housing markets in the world,” the report said.

“It is estimated that by 2020, New South Wales will have a housing shortage of almost 190,000 homes and Sydney’s housing costs are now higher than London and New York.”

Land has been identified for development of 90,000 homes, much of it lying to the west of Campbelltown.

Rental yields rising in pockets of Sydney

Despite an uncertain market, rental yields have been rising steadily for one and two bedroom units in several areas of Sydney.

Campbelltown, Fairfield, Liverpool, Maitland and Canterbury rents for one and two bedroom apartments were found to have grown the fastest in the Sydney greater metropolitan region since 2006, according to PRDnationwide.

Research analyst for PRDnationwide, Oded Reuveni-Etzioni, explained that those profiting from this increase are investors who had already done their research thoroughly.

“Savvy investors are attuned to the changing preferences of renters and recognise the growing rental markets in the middle and outer suburbs of the metropolitan area,” Mr Reuveni-Etzioni said.

“Investment opportunities also exist in areas outside the metropolitan area, where strong demand and limited supply of units maintains the pressure on rent prices,” he added.

State of Markets - NSW July 2012
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FROM THE WEB
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Listen to other installment of the Real Estate Business Podcast

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

Read more
Do you have an industry update?
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