March 2nd, 2009
Simon Baker`s blog Propertyportalwatch.com has announced the rumoured departure of Australian CEO, Jamie Pride, from Realestate.com.au. Jamie commenced in April of 2008 and was appointed as Australian General Manager by the previous CEO, Simon Baker. Simon Baker was replaced by Greg Ellis, as CEO, in August 2008. At some point the title Australian CEO was introduced to replace the GM tag. The departure of Pride comes after the REA Group notification on February 18th that Daniel Oertli has been appointed as its new Chief Information Officer.
The departure of Pride may herald some major structural changes in the way REA operates in Australia. Maybe the current increase in traffic to Domain.com.au may be cauing some angst in the REA Group.
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February 16th, 2009
Last month the ex CEO of Realestate.com.au, Simon Baker, wrote some interesting predictions for 2009 in his blog which will be of interest to everyone involved in the real estate marketing space..10 predictions.
- Newspapers will continue to see a decline in real estate classifeds revenues
- realestate.com.au will increase its prices again
- domain.com.au will close the readership gap with realestate.com.au
- domain.com.au will get more aggressive with its local advertising
- realestate.com.au will launch a much needed change to its look and feel
- RP Data will launch a new property portal site in the Australian market
- realestate.com.au will enter the property data business
- There will be consolidation in the Australian market
- A new player will enter the Australian market most likely with a pay for performance model
- News Corp will increase its equity stake in the REA Group (realestate.com.au)
Simon does not mention Google Base who may yet become a serious player in trhe Australian market.Let`s see which ones come true http://www1.propertyportalwatch.com/2009/01/predictions-2009-australia/
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December 24th, 2008
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| December 2008 |
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The Team at Raine & Horne Queensland
Wish you a Very Merry Christmas
and
A Safe and Prosperous 2009.
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November 20th, 2008
We are starting to see some good news filtering through which is a change from the doom and gloom of the last six months. The Commonwealth Bank Economist is predicting 3% interest rates by June 2009 which should move investors back into the property market. The Reserve Bank Governor Glenn Stevens was also reported as saying that house prices will not crash in Australia.
Economist tips 3% interest rate Gold Coast News, Australia - 5 hours ago “The demand for real estate, commercial property, government expenditure will be higher,” said Mr Blythe, who was guest speaker at a Property Council of …
Sunland looks past Dubai horizon The Australian, Australia - 7 hours ago … a residential site at Royal Pines resort on Queensland’s Gold Coast, buying the land for a $200 million housing project from Morgan Stanley Real Estate. …
House prices shouldn’t crash: RBA chief Ninemsn, Australia - 9 hours ago … then returning hours later to steal her belongings … read more Double whammy Greg Norman’s bank balance hit again — this time by the US real estate …
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November 19th, 2008
Ugly Ducklings are best Oz property buys
Homes Worldwide, UK - 5 hours ago
Real estate investors, in particular first home buyers, are being urged to target Australia’s cheap ‘Ugly Duckling’ locations, poised to evolve into future …
Millionaires factory keeps smiling
Sydney Morning Herald, Australia - 6 hours ago
The real estate and banking and financial services divisions actually turned in a loss. The latter two and the division responsible for Macquarie’s listed …
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Listed investment companies perform in downturn
The Australian, Australia - 6 hours ago
… diversified financials (Gowings Bros followed by Perpetual), utilities (AGL and then APA Group), real estate (Lend Lease and Mirvac), as well as Amcor, …
Investors eye Australian property
Homes Overseas, UK - 6 hours ago
“Safe havens like residential real estate,” Mr Collishaw said. “Certainly in Sydney suburbs such as Rhodes (in the inner west) and Chatswood on the north …
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November 17th, 2008
MARKET TRENDS
Low end coming out on top amid turmoil
The Age - Melbourne,Victoria,Australia
Wary investors this week will be looking for encouragement from the Washington G20 summit, and for clues from the Reserve Bank about a likely interest rate …
Real estate investors brace for wild ride
Sydney Morning Herald - Sydney,New South Wales,Australia
INVESTORS in real estate investment trusts are in for another roller-coaster week, which starts today with the annual meeting of Goodman Group. .. |
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It is not all doom or gloom
NEWS.com.au - Australia
The Real Estate Institute of South Australia said property transactions have fallen almost 22 per cent compared to the same time last year, …
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RAINE & HORNE
Retailers line up city heart
Gladstone Observer - Australia
An advertisement for the proposed complex issued by Linear and handling agents Raine and Horne shows a conceptual plan of the site with the supermarket on …
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November 14th, 2008
The second instalment of the strategic decision over the realestate.com.au NZ portal has emerged today. Realestate.com.au (REA) Group and Realestate.co.nz Ltd have formed an alliance that will see traffic directed to realestate.co.nz. This will see the REA residential portal, allrealestate.co.nz, shut down after the 30th of November 2008.
The alliance gives realestate.co.nz access to all who use the REA Group’s international network of real estate websites.
Realestate.com.nz is fifty percent owned by the NZ Real Estate Institute.
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November 14th, 2008
Realestate.com.au announced yesterday that it was closing its New Zealand real estate portal from the 30th of November.
New Zealand is a small but tough competitive market with some existing and established players. The Institute backed allrealestate.co.nz will benefit from the closure.
The decision is probably prudent financially however the release does not explain the strategic context.
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November 14th, 2008
MARKET
Consumer sentiment lifts on lower interest rates, petrol prices
Business Spectator - Melbourne,Victoria,Australia
SYDNEY - A key measure of Australian consumer confidence edged up from deep lows in November as sharp falls in interest rates and petrol prices lessened a … No action at auction
Gold Coast News, Australia - 5 hours ago
Real estate sources have reported very poor attendances at both auctions and open houses across the Gold Coast. Reductions in interest rates and government …
INDUSTRIAL RELATIONS
Workplace Ombudsman shines spotlight on food retailers in run-up …
Australian Food, Australia - 17 hours ago
The top 10 industries for the Workplace Ombudsman are currently cafes and restaurants, real estate agents, security and investigative services, pubs, …
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November 13th, 2008
REAL ESTATE
Foreign investment at record level in Queensland
Property Wire, UK - 10 hours ago
“One of the first steps for foreigners to buy Australian property, be it residential real estate, built commercial property valued at $AUD50 million or more …
Townsville house prices fall
ABC Regional Online, Australia - 19 hours ago
House prices are dropping in Townsville amid predictions real estate prices in some capital cities will fall 10 per cent this financial year. …
PAMDA DECISION
Client Update: Real Estate – 12 November 2008
Allens Arthur Robinson - 12 hours ago
In brief: A Supreme Court of Queensland decision, handed down on 29 October 2008, highlights the complexity of the Property Agents and Motor Dealers Act …
ECONOMY
Australian banks expected to sack staff
The Australian, Australia - 4 hours ago
Macquarie Group, Australia’s largest investment bank, has put 600 property and real estate bankers on notice that jobs will be slashed across that division. …
Stockland launches raid on rival
Sydney Morning Herald, Australia - 6 hours ago
STOCKLAND has struck the killer blow in the latest round of rationalisations in the beleaguered real estate trust sector with a raid on rival GPT’s register …
We’ve reached the bottom: Satterley
WA Business News (subscription), Australia - 12 hours ago
… previous quarter and 6 per cent lower than a year earlier. Perth’s median house price has fallen to $426000, according to the Real Estate Institute of WA.
RAINE & HORNE
Waterfront properties for less than $1m
FatCat, Australia - 4 Nov 2008
Houses are generally over $1 million apart from Hervey Bay, where Raine & Horne’s Graham Cockerill says you’ll find two and three-bedroom waterfront homes …
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