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Harcourts throws support behind Morrison’s moratorium on evictions

March 31, 2020Cameron Micallef

Prime Minister Scott Morrison’s recent announcement that all tenants would be offered a six-month moratorium on evictions has been welcomed by Harcourts. ...

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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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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 ...

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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 ...

Positive Mindset in Business reb The impact of a positive mindset in the business o ...

Let’s be real: running a business or an office is stressful. Here’s a quick rundown of some insights on keeping yo ...

Cameron Black reb Lies and statistics: Has the property market actua ...

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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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Airbnb downside outweighs its positives, says property pundit

09 October 2018 Tim Neary
Airbnb mobile application

Despite having some upsides, Airbnb will continue to put unnecessary pressure on the rental market in particular and on housing affordability in general, one commentator is claiming.

RiskWise Property Research CEO Doron Peleg said that while in some areas Airbnb can help absorb an oversupplied rental market, in other areas it has the detrimental effect of increasing house prices.

“On top of that, those looking for long-term tenancy simply can’t afford to pay the same rates as those taking short-term lets while on holiday,” Mr Peleg said.

He said that Airbnb had proved a lifeline for investors unable to find tenants in an oversupplied rental market, such as inner-city Melbourne.

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However, at popular holiday destinations such as Bryon Bay, the service had helped force long-term tenants out of the market and increased property prices.

“In areas such as these, and particularly in beachside suburbs, we see the overall demand for properties by investors and owner-occupiers going up,” Mr Peleg said.

“Investors know they can use the property for Airbnb and many put in place leasing contracts that only last 10 months, so they are vacant during summer for the holidaymakers, and this supports the demand for properties.”

Mr Peleg added that when home buyers try to enter the market, they are faced with competition from investors, which drives prices up.

“And those looking for long-term leases generally aren’t keen on moving every few months due to Airbnb, so then that also encourages them to buy, which again means there are more competing for properties and pushing prices up.

“It’s a phenomenon which we are seeing around the world.”

Airbnb downside outweighs its positives, says property pundit
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Why we’ll keep delivering for our communities in the face of COVID-19

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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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Do you have an industry update?
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