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Selling strategies, tactical moves and some big bank news: Here are the biggest property stories this week.
Welcome to REB’s weekly round-up of the headline stories and news that’s important not only for the real estate sector, but also for the state of property in Australia more broadly.
To compile this list, not only do we consider the week’s most-read stories and the news that matters to you, but we curate it to include stories from our sister brands that also have an impact on the Australian property landscape.
1. Why this agency isn’t going off-market
Bucking a trend in which agents are finding off-market buyers to make offers on properties, a Brisbane-based agency has kicked off a new campaign that wants sellers to “Sell Loud”.
2. RBA washes hands of property price boom
Reserve Bank of Australia (RBA) governor Philip Lowe has reiterated the bank’s stance on a property boom, stating that it holds no responsibility for house price targets.
3. Ray White: ‘We do not condone violence in any form’
The real estate giant has responded to the news Ray White Balmain principal Karl Howard is being held under police guard on allegations he attacked two women — one with a samurai sword.
4. Network nabs executive as head of sales
After more than 15 years at a competitor, an executive has made the leap to a rival brand. Troy Malcolm has been appointed to a newly created role of head of sales at LJ Hooker.
5. Why this expert doesn’t expect the regional appeal to last
A certain class of individuals is heading to the regions, with their city jobs in tow, as a direct result of the shifting mindset created by the COVID-19 pandemic. But will this trend last and should investors heed the shift?
6. Macquarie Bank CEO to retire
Macquarie has announced that it will welcome a new managing director and CEO following the retirement of Mary Reemst.
7. CBA focused on turnaround times
Matt Comyn has said the major bank has a “disciplined focus on turnaround times”, but that it’s “easier” to improve speed via the proprietary channel than broker.
8. NAB opens waitlist for FHLDS reissuance
The major bank is among the first to open a waitlist for those wishing to apply for one of the soon-to-be-reissued First Home Loan Deposit Scheme guarantees.
9. Hockingstuart makes first foray out of Victoria
The Victorian network is heading north to New South Wales in a milestone out-of-state venture.
10. 10 small Aussie towns with big property price growth
COVID-19 has altered the dynamics of real estate, putting the spotlight on regional towns as more people look to swap the city rush with the laidback regional lifestyle.
ABOUT THE AUTHOR
Grace Ormsby
Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.
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