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Search results for “The State of the Market”

You are browsing the search results for “The State of the Market”

In: General Interest, Real Estate

Contributed By: Claire Ryan - REIQ on

The Queensland region with the tightest residential vacancy rate in the state is primed for a turnaround, after its Council cut fees to incentivise multi-dwelling construction. Goondiwindi Regional Council (GRC) is introducing a year-long rebate for all Council fees and charges associated with constructing new multi-dwelling buildings such as units, townhouses, duplexes and granny flats. Real Estate Institute of Queensland (REIQ) COO Dean Milton said the move, welcomed by the real estate peak body today, was an exemplary way Council’s could help incentivise much-needed new housing supply. “With the Goondiwindi region hovering barely above the ‘no vacancy’ line at just 0.1 per cent for theRead More →

In: Real Estate

Contributed By: @Realty on

SPECIALISING IN TOWNHOUSE AND UNIT SALES Rigby Property Group led by Scott & Kelley Rigby is a Residential Real Estate Agency specialising in the unique market of Townhouse and Unit sales throughout Brisbane and the Gold Coast.. At Rigby Property Group, we provide our managers with the assurance that they are working with an agency that not only comprehends their business model and priorities but also possesses an unparalleled passion for the Management Rights Industry. Rooted in strong family values, Rigby Property Group challenges the norms of traditional agencies. Their success is defined not only by achieving exceptional results for clients but also by creatingRead More →

In: General Interest, Real Estate, REIQ, The Management Rights Market

Contributed By: REIQ on

Obscenely tight rental conditions continue in Queensland according to the latest Residential Vacancy Rate Report released by the Real Estate Institute of Queensland (REIQ). The REIQ report covers more than a decade of quarterly vacancy rates for 50 local government areas (LGAs) and sub regions in Queensland, with the March 2023 quarter showing sustained historically tight rental conditions and mostly minor fluctuations from the previous quarter. Of the 50 regions, 11 remained at the same rate, 13 grew slightly tighter, while the majority of 26 relaxed slightly, indicating improved but still limited rental options. This saw the state-wide vacancy rate rise marginally from 0.8 perRead More →

In: General Interest, Real Estate, REIQ

Contributed By: Claire Ryan - REIQ on

Enduring low days on market and higher listings than pre-COVID, are indicative of a property market holding firm, according to the latest quarterly data (September 2022 Qtr) analysed by the Real Estate Institute of Queensland (REIQ). With extraordinary double-digit annual median sale growth in most regions across Queensland, REIQ CEO Antonia Mercorella said there are plenty of reasons to remain confident in the strength and resilience of property in the sunshine state. “The average number of days on market in Queensland is now sitting at 19 days, compared to 51 days pre-COVID,” Ms Mercorella said. “While it got as low as 16 days earlier thisRead More →

In: Real Estate

Contributed By: James Price - REIQ on

Eliza Owen, CoreLogic Head of Residential Research Australia, sat down with Rob Doorey in episode two of the REIQ’s season three Property Brief Podcast to give an update on the current housing market alongside why she believes there are benefits for buyers in the current market.  The Current Market Owen states the current market has come off its peak, led heavily by the more expensive capital cities.  “Overall Australian housing values our down by 2% since peaking in April of this year,” Owen says.   “It’s clear that no market is immune in the lift to interests rates we’ve seen in the past few months.”  Even though on paper, it would seem like this is a market consumers may want to avoid, there are several factorsRead More →

In: ARAMA, Facilities Management, Motels and Hospitality

Contributed By: ARAMA on

If you came into the business of management and letting rights (MLR) because you saw an attractive balance sheet but have solely focused on the maintenance of gardens and not on the importance of marketing, then you have not set down the road for success. Our business is referred to as ‘Management and Letting Rights’ for a reason. That is the resident manager has a dual role as both a caretaking service provider and an onsite letting agent. This dual role  provides an opportunity to market services to a number of different target markets.   To define, a target market ‘is a group of existingRead More →

In: ARAMA, General Interest

Contributed By: ARAMA on

As reported by the Australian Bureau of Statistics, Queensland has seen approximately 14,000 Australians migrate from interstate in the 2nd & 3rd quarter of 2020 and there is no sign of a slowdown in interstate migration to Queensland. The growth in Queensland residents has created a high demand for homes. Either by owner occupiers or by long-term residential tenants. This has driven average weekly rentals and property prices sky high. Low interest rates and the desire for interstate migrants to work from home in Queensland has fuelled emotive buying tactics which put further pressure on the tight rental market. At the height of the pandemic,Read More →

In: Landlords, Tenants, Renting and Management

Contributed By: Nick Buick on

Editor: This article is discussing the South East Queensland rental market, in particular. Market conditions in other regions may differ. The rental market is PUMPING right now. I know this because my managers are complaining to me they’re getting too many enquiries to keep up. Prospective tenants are complaining to me no one is returning their calls or emails (again, because managers claim they don’t have time to do so). For the first time in our agency’s history, we’re struggling to meet our contractual obligation with RealEstate.com.au for rental upgrades. We normally hit our quarterly rental upgrade obligations within the first 2 weeks of the quarter.Read More →

In: Uncategorized

Contributed By: Nick Buick on

In response to COVID-19, RealEstate.com.au is running a heck of a promotion right now where they guarantee that ANY upgraded listing (be it a sale or rental) that hasn’t filled by the conclusion of the upgrade term, can be re-upgraded again, absolutely free. I sent a mass email out about this to all of our managers a couple of weeks ago and so far, maybe 2 managers, have taken advantage of this offer. Which I find astonishing! It’s literally completely free, and instant. All you have to do is say the word. We upgrade hundreds of listings per month for managers, so for only 2-3%Read More →

In: Body Corporate

Contributed By: TheOnsiteManager on

One of our core services at TheOnsiteManager.com.au is to assist managers selling properties within their complex. This is a vital service for managers as it allows them to grow and retain their letting pool, compete and guard against outside agents, and generate additional (and considerable) revenue through sales commissions. To this end, we provide all the tools, databases, contracts and paperwork needed by the manager. We also allow the manager to market the sale on all the major portals around the country. We don’t charge any commission (at all!) to do this which makes our service hugely popular with over 370 managers engaging our agencyRead More →

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