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News
Targeted upsizer strategy secures pre-auction townhouse sale in Botany
10+ hour, 8+ min ago (605+ words) A strategic marketing campaign targeting upsizers delivered two competing buyers and a pre-auction sale for Luke and John Higgins for a Botany townhouse. Luke and John Higgins knew the type of buyer who would buy 36/73 Banksia Street in Botany before…...
Housing tax package could cut 10,700 new homes as industry warns rents will rise
2+ day, 7+ hour ago (719+ words) Updated independent modelling commissioned by four of Australia's peak property and construction bodies estimates the Federal Government's housing tax package could reduce new dwelling starts by about 10,700 over four years, while pushing rents higher and cutting construction employment. Master Builders…...
Mascot agent turns down pre-auction offer to protect buyer competition
3+ day, 2+ hour ago (543+ words) Anthony Kassis turned down a pre-auction offer to protect auction integrity — and delivered four bidders and an $828,000 result for a transparent Mascot vendor. The successful buyer was a local single man who had missed out on another apartment in the…...
Why this principal now turns away vendors he can't connect with
3+ day, 7+ hour ago (1467+ words) Matt Micallef says he walked away from a listing the morning of this interview, part of a client-selection approach he credits for 43 per cent of his business coming from referrals. Reaching Ray White Premier status just six weeks into the…...
The $1 billion machine – inside Alexander Phillips' high-stakes bet on Sydney real estate
4+ day, 6+ hour ago (1234+ words) After 11 straight years as Australia's top-ranked agent, Alexander Phillips explains why he brought his entire Eastern Suburbs team into a new network built around AI buyer-matching technology. For more than two decades, Alexander Phillips has built one of the country’s…...
Dubai property prices fall for first time in five years as market shifts gears
4+ day, 8+ hour ago (790+ words) Dubai’s extraordinary property run has hit a turning point, with residential prices recording their first annual fall in more than five years as a wave of new housing supply and more selective buyer behaviour begins to reshape the market. Average…...
Premium markets turning as investors retreat from affordable suburbs
5+ day, 5+ hour ago (605+ words) Ray White's chief economist says buyer attendance is rebounding in Sydney and Melbourne's priciest pockets, even as investor-heavy, affordable markets start to cool. Ray White Group data shows premium Sydney and Melbourne suburbs are recovering buyer interest – Eastern Suburbs attendance…...
Why growth doesn't have to wait for a stronger property market
5+ day, 8+ hour ago (1492+ words) Tina Ashton says productivity, costs, technology and rent roll acquisitions can lift a business's performance even when transaction volumes and prices stay flat. But for Harcourts Chief Growth Officer, Tina Ashton, the danger is that business owners can become so…...
Spring stock is rising fast – so is the risk of properties passing in
1+ week, 3+ day ago (857+ words) Cotality forecasts auction volumes climbing to about 1,700 a week by 20 September, even as this week's combined clearance rate sits well below last year's 69.3 per cent. Across the capital cities, 1,485 homes are scheduled to go under the hammer this week, representing…...
Victoria's underquoting crackdown raises questions on shifting reserve prices
1+ week, 3+ day ago (1046+ words) New laws requiring reserve prices to be published seven days out leave open how agents should handle a vendor changing their price or rejecting an offer late in the campaign. Victorian agents must publish a vendor's reserve price at least…...