The Real Estate Conversation

First National Real Estate appoints Robin Johnston as Chief Financial Officer First National Real Estate, Australia's leading cooperative network of independent real estate agents, announce the appointment of Robin Johnston as its new Chief Financial Officer. ‘We are thrilled to welcome Robin Johnston to the First National Real Estate family,’ said David Edwards MAICD Chief Executive Officer of First National Real Estate. ‘His extensive experience and proven track record in financial management and corporate governance make him an invaluable addition to our leadership team. Robin's expertise will be instrumental in enhancing our cooperative's competitive edge and fostering sustainable growth for our members.’ Robin Johnston is enthusiastic about his new role and says ‘I am excited to join First National Real Estate, an organisation that champions the success of independent professionals. I look forward to leveraging my experience to drive innovation and support the network's continued growth.’ Read more on The Real Estate Conversation > https://lnkd.in/gVjNknpj The ASEAN Developer COMMO Stewart Bunn #firstnational #cfo #cfonews #realestatecareers #realestatefranschise #realestateaustralia #realestatebusiness

John McGrath – Cheapest suburbs for family homes Affordability is a key challenge for many buyers today, due to ongoing price rises in most markets and higher interest rates making home loans difficult to get and more expensive to service says John McGrath, McGrath Estate Agents CEO. We can see from the property data that buyers are gravitating to more affordable homes now, with the most price growth occurring in the cheaper price brackets of most markets these days. At a citywide level, the cities experiencing the most price growth over the past year have been the historically more affordable mid-sized capitals of Brisbane, Perth and Adelaide. Part of the reason for this is Australians’ increased willingness to move or invest interstate following the pandemic. Read more on The Real Estate Conversation > https://lnkd.in/gWP6UhrT McGrath Estate Agents The Real Estate Conversation Terri Sissian Luxury List The ASEAN Developer #johnmcgrath #mcgrathestateagents #australianhomevalues #medianhouseprice #realestatenews

Australian property market reaches $11 trillion in value - CoreLogic Australia’s property market has reached a new milestone, with the total value of residential real estate climbing to $11 trillion for the first time, says CoreLogic Australia Economist Kaytlin Ezzy. “While the market remains resilient in many areas, the pace of growth more broadly has clearly decelerated. Buyers and investors are becoming more cautious, and the current lending environment is leading to more measured purchasing decisions,” Kaytlin Ezzy said. Read more on The Real Estate Conversation - https://lnkd.in/gZfkazrS CoreLogic Australia Tim Lawless Eliza Owen #corelogic #australiarealestatemakret #realestatemarket #propertymarket #australiare #australianrealeatate

Suzanne Brown elected new REIWA President The announcement comes as Joe White finished his two-year term as President on Thursday 10 October 2024. He will remain on the REIWA Council as a Councillor. Robert Mandanici was elected Deputy President. REIWA CEO Cath Hart congratulated Ms Brown and acknowledged outgoing President Joe White. “As an agent and business owner with over 35 years’ experience, Suzanne brings a wealth of knowledge to the role of President,” she said. “She also has extensive experience representing our members and advocating for the industry. She has been a Council member since 2015, was Deputy President from 2022-24, serves on our Finance and Risk Committee and has represented REIWA as one of its nominees on the Property Industry Advisory Committee from 2022-24. “I would like to thank Joe White for his dedication to REIWA and our members over his term as President, particularly as our first regionally based President. The REIWA Council also elected the following new office bearers: • Peta McKenzie – Chair, Finance and Risk Management Committee • Christopher Tana – Council nominee to the Finance and Risk Management Committee Read more on The Real Estate Conversation > https://lnkd.in/gSQivhHJ Hayden Groves Damian Collins Lisa Joyce Mark Hay Clare Christiansen Chiara Pacifici Brendon Habak The ASEAN Developer Luxury List COMMO The INDUSTRIALIST #REIWA #perthre #westernaustralia #REIA #perthrealestate #womeninrealestate #realestatenews #realestateagent #realestatebusiness #australianrealestate

23.7-acre Scenic Rim landholding for sale - Sotheby's International Realty’s Lot 7 Tamborine Mountain Road Canungra for sale by Michael Vettoretto of Queensland Sotheby's International Realty via a flexible conditions online auction. This private Australian bush paradise offers an idyllic lifestyle in Queensland’s Scenic Rim, featuring towering trees, dramatic escarpments and natural rock walls, complemented by expansive views of Canungra Village, around half an hour from the Gold Coast. “Delivering approximately 9.59 unspoilt hectares with 526m road frontage, this Canungra property allows you to embrace the allure of countryside living with all amenities within easy reach,” Michael Vettoretto told THE REAL ESTATE CONVERSATION. Read more on The Real Estate Conversation https://lnkd.in/g6xsWspu Sotheby's International Realty Michael Vettoretto The Real Estate Conversation The ASEAN Developer Luxury List #sothebys #michaelvettoretto #queenslandlandforsale #scenicrimacreageforsale #canungralandforsale

Driven by Maximising Value: Site Property Group sets a new standard by partnering with UrbanX Site Property Group, a new and dynamic commercial real estate agency has officially launched, aiming to bring a fresh approach to the South East Queensland property market. Founded by industry expert Dan Tewson and powered by UrbanX, the agency is built on a client-first ethos, prioritising long-term relationships and maximising value for its clients. Dan Tewson, who has spent eight years in the property industry, founded Site Property Group with the goal of creating a brand that reflects his values. “Real estate has endless opportunities, and the variety of people you can service makes it a very interesting and rewarding career,” said Tewson. “I wanted to build a brand I’m proud of, service my clients with their best interests put first and with decision-making independent of corporate-driven restrictions.” Read more on The Real Estate Conversation https://lnkd.in/gPVwjRNT Site Property Group Dan Tewson UrbanX The Real Estate Conversation The ASEAN Developer Luxury List Dan Argent Reeve Davis Gerry Mezzina #urbanx #sitepropertygroup #dantewson #realestateagents #australianrealestatenews #realestatecareers #realestateagency #realestatenews #realestate #australianproperty #australianrealestate #realestatebusiness

Social housing supply must take precedence - The REIQ The Real Estate Institute of Queensland (REIQ) is welcoming the State Government’s focus on accelerating three social and affordable housing projects on the Gold Coast. The REIQ CEO Antonia Mercorella said the 200-unit Southport Supportive Accommodation project was a particularly important initiative to protect the most vulnerable in our community. “There’s a growing awareness of the current prevalence of homelessness in our community and the pressure that’s placing many more Queenslanders at risk,” she said. Read more on The Real Estate Conversation https://lnkd.in/g3cEr3xM The REIQ Antonia Mercorella The Real Estate Conversation COMMO The INDUSTRIALIST The Hotel Conversation Claire Ryan Peter Brewer #reiq #antoniamercorella #socialhousing #queenslandsocialhousing #australianrealestatenews

Lowest preliminary clearance rate since December 2022 - CoreLogic By Caitlin Fono, Research Analyst, CoreLogic Australia. The combined capital auction clearance rate has continued to fade, falling to 63.9% based on preliminary numbers. This was the lowest preliminary clearance rate since the week ending December 18th 2022 at 55.8%. The result was down from 64.5% a week earlier (revised to 60.6% once finalised). There were 1,913 auctions held across the combined capitals last week, up from 1,836 over the previous week. The lower numbers last week can be attributed to the Labour Day long weekend in NSW, ACT and SA, along with the King’s Birthday long weekend in QLD. Read more on The Real Estate Conversation https://lnkd.in/gMBkVBHC CoreLogic CoreLogic Australia The Real Estate Conversation COMMO The Hotel Conversation The INDUSTRIALIST #corelogicaustralia #corelogicauctiondata #auctionclearancerate #australianrealestatemarket

From boom to bust - Ray White By Nerida Conisbee, Ray White Group, Chief Economist. Once the crown jewel of Australia's real estate scene, Victoria's property market has hit a rough patch. The state that was previously setting the pace for the nation's property development is now lagging behind, grappling with the consequences of what many are calling an overzealous tax regime. It wasn't long ago that Victoria, particularly Melbourne, was the place to be for property investors and developers. Last decade, VIctoria accounted for the largest share of homes being built. This building boom transformed the cityscape and provided much-needed housing for a growing population. Read more on The Real Estate Conversation https://lnkd.in/gV54WwjS Ray White Nerida Conisbee The Real Estate Conversation The Hotel Conversation COMMO #raywhite #neridaconisbee #victoriarealestatemarket #australianrealestatemarket #melbournemarket

John McGrath – More million-dollar markets than ever before The number of Australian suburbs with a $1 million median price for either houses or apartments has reached a new record high, says John McGrath, McGrath Estate Agents CEO and according to new CoreLogic Australia data. Over the 12 months to 31 August, 218 more suburbs surpassed a $1 million median for houses or apartments. Australia now has 1,257 suburbs with a median house value at or above $1 million, as well as 140 suburbs with a median apartment value at the same level. Sydney and Brisbane recorded the highest number of new suburbs with a $1 million median at 46 each, but the reasons for this are different. Sydney has had less price growth than Brisbane over the past year, but it remains Australia’s most valuable capital city by far, and also one of the largest with a higher number of suburbs. So, it takes less price growth to tip more suburbs into the $1 million median bracket. To read a summary of the following markets, NSW, Victoria, QLD, Tasmania and ACT visit The Real Estate Conversation > https://lnkd.in/gcbZAUbd Luxury List Terri Sissian The ASEAN Developer Eliza Owen Kaytlin Ezzy Tim Lawless Michael Buckland #Mcgrath #McGrathestateagents #corelogic #brisbanere #melbre #sydneyre #Tasmaniarealestate #australianrealestate #luxuryrealestate #luxurylist #sydneyrealestate #milliondollarsuburbs #realestatebusiness #australianpropertymarket