Powered by MOMENTUM MEDIA
realestatebusiness logo
Powered by MOMENTUM MEDIA
Subscribe to our newsletter SIGN UP

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

news image

The ‘boss’ business model and why it no longer works

April 02, 2020Grace Ormsby

For collaborative leaders and valued teams, it’s always a good time to be in real estate, according to a network chief. ...

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

VIEW COMPLETE REPORT

Have you experienced sexual harassment or bullying in the workplace?

Yes, I've been the victim of sexual harassment
Yes, I've been the victim of workplace bullying
No
TECH MARKETING SALES BETTER BUSINESS PROPERTY MANAGEMENT
computer 850x400 How agents can best utilise proptech

With digital disruption showing no signs of slowing down, agents are being encouraged to utilise technology, rather than ...

searching the internet reb Real estate boss shares marketing tactics

The owner and CEO of an elite Queensland agency has revealed how being conscious of both print and digital marketing has ...

Kylie Davis reb 6 predictions for real estate in 2020

It’s the start not just of a new year, but a new decade. With the rise of proptech and so much technology enabling cha ...

Proptech Association of Australia reb New proptech association hits Aussie market

A new association has been rolled out which seeks to raise awareness of proptech within Australia’s real estate sector ...

Louis Christopher WEB How to analyse property data

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 ...

Louis Christopher WEB How to analyse property data

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 ...

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 ...

It seems like there has been a huge change of sentiment in the last month as a confluence of factors has come together t ...

short 850x400 june2019 How to get that big win

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

MeganSmith 050719 cropped Ray White’s Megan Smith sells $14m property in B ...

Ray White Balmain sales dynamo Megan Smith has sold one of the most expensive houses in Australia this year, with the pr ...

forrent house reb 1 Eviction freeze only fixes one side of rental equa ...

The government is being urged to implement immediate rental subsidies for tenants bearing the brunt of COVID-19. ...

Peter Koulizos reb Wage subsidy to ‘relieve financial pressure’ f ...

The federal government’s recent JobKeeper wage subsidy is set to significantly help relieve rental and mortgage stress ...

Bradley Beer reb New online calculator to ‘revolutionise’ prope ...

In what’s being described as a market-first, BMT Tax Depreciation has launched a new online calculator which it says w ...

Scott ONeill reb Strategies to help your tenant if they are affecte ...

Many businesses over the next few months will be forced to shut their doors to slow the spread of COVID-19. The importan ...

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..

Learn more >
FROM THE WEB
Recommended by Spike Native Network

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?
rpm logo latest

Price growth ahead in 2020, says Domain

01 July 2019 Tim Neary

Australia’s capital city price falls should end this year, and these cities should begin to show some modest price growth in 2020, according to new research by Domain.

Domain economist Trent Wiltshire said there has been “significant” change to the outlook since the November 2018 forecast.

“The start of 2019 was weaker than we expected, with the financial services royal commission, a slowing economy, investor caution and election uncertainty weighing on prices.

“But in recent weeks, a number of changes point to a turnaround in the second half of 2019: the Reserve Bank has cut interest rates with further reductions to come, there will be no changes to negative gearing rules, and the banking regulator has changed a key lending rule that will make it easier for people to borrow.”

Advertisement
Advertisement

But Mr Wiltshire said he is keeping his enthusiasm curbed. 

“While low interest rates and strong population growth should support prices, tight lending conditions persist, household debt remains high, which means households and investors are cautious, and elevated prices means housing affordability is still a problem,” he said.

“On top of that, the economy is slowing, with growth in household incomes expected to remain weak.”

Mr Wiltshire said modest growth is anticipated in the key Australian markets.

“Hobart’s boom is petering out, with only modest price growth expected in 2020,” he added.

“The outlook for Perth is also for some modest price growth next year, but the bottom of the market has been called before, so there is a risk that weakness will continue. Brisbane unit prices should stabilise as the apartment construction boom ends, while Canberra’s ongoing building boom will keep a lid on unit price growth in the nation’s capital.

“Property prices have continued to fall in Sydney and Melbourne in 2019, extending the correction that began in 2017, but price declines should end later this year.”

Mr Wiltshire’s key city predictions are as follows:

Sydney

Home owners should expect prices to bottom out in spring 2019, he said.

“Auction clearance rates are at their highest levels since early 2018, more people are attending open inspections and market sentiment is improving. Strong population growth, ongoing low unemployment and fewer apartments hitting the market will support price growth in 2020.”

Melbourne

Mr Wiltshire said prices should stabilise by the end of the year before growing in 2020, but at a very slow pace.

He said clearance rates are higher, particularly in more expensive areas.

“This is often a sign of a turning point,” he added.

“And there is more buyer interest, with a visible increase in inspection numbers compared to before the election.

“But weak income growth and affordability constraints are why we won’t see a big turnaround in 2020.”

Brisbane

“House prices have been fairly steady with a modest turnaround expected, while unit prices should bottom out after significant falls,” Mr Wiltshire said.

“There are early signs of increased buyer interest, and strong population growth, particularly from interstate, will support price growth.”

Perth

Mr Wiltshire expects Perth prices to bottom out later this year.

He said a number of drivers of prices suggest a more positive outlook: population growth is increasing, interest rates are lower, the mining outlook is much stronger and there is growing demand for workers.

Adelaide

“We forecast ongoing, but modest, property price growth for Adelaide,” said Mr Wiltshire, adding that home lending has fallen less in South Australia than in other states, so there may be less of a rebound.

Hobart

House and unit prices increased by an extraordinary 38 per cent and 31 per cent, respectively, between 2016 and 2019, Mr Wiltshire said, but price growth will slow significantly in 2019 and 2020.

“Stronger population growth and an ongoing tourism boom will support prices, but new housing construction is catching up, which will help limit price growth.”

Canberra

Mr Wiltshire forecasts moderate house price growth over the next 18 months, but only a slight increase in unit prices.

“Strong population growth, lower interest rates and low unemployment will support prices, as will the Coalition’s surprise election victory, but an ongoing apartment construction boom will keep a lid on unit prices.”

Price growth ahead in 2020, says Domain
hobart 850x400 may2019 1
lawyersweekly logo
FROM THE WEB
Recommended by Spike Native Network

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?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.