Australian real estate

Real estate roundup: the year that was

PHOTO: Australian real estate has experienced a record-breaking year.

The Australian real estate market experienced a record year in 2021, with tight supply and strong demand leading to soaring prices.

Agents, vendors and buyers innovated through COVID-19 restrictions, including lengthy lockdowns in Melbourne and Sydney.

There were numerous mergers, acquisitions and buyouts, along with notable appointments and some surprising departures.

As always, there was never a dull moment, but we’ve compiled a list of some of the top real estate news stories in 2021.Once again, AREC thrilled and inspired, while the AREAs awarded and rewarded the best in the industry.

January

  • The RBA tips property prices could increase by 30 per cent in as little as three years.
  • The first Transform of 2021 kicks off.
  • REIA calls for the removal of all rental eviction moratoriums.
  • Leanne Pilkington and some of her leadership team make an offer to buy back Laing & Simmons.
Members of the new Laing+Simmons Board, D’Leanne Lewis, Joe Sita, Peter Green, Leanne Pilkington, Paul Abassi. (Not pictured: Tolly Saivanidis)

February

  • James Bell is promoted to Chief Executive Officer of C21.
  • Barry Plant Group’s Chari Emirzade clocks up 1000 sales.
  • The rise in Airbnb listings in regional areas presents a catch-22 when it comes to Australia’s rental crisis.
  • McGrath announces its first dividend since 2017.
  • The 2021 AREA winners are announced with DiJones taking out Agency of the Year, and Laura Valenti named Most Influential Woman in the Property Market.
Laura Valenti
Laura Valenti was named the Most Influential Woman in the Property Industry at the 2020 AREAs earlier this year.

March

  • The national preliminary auction clearance rate hits 84.4 per cent on Super Saturday.
  • Experts tip the city exodus to the country might be permanent.
  • One in five Melbourne homes sells for above list price, underquoting is blamed.
  • RE/MAX Don Ha’s team wins three big awards.
  • Nigel O’Neil becomes CEO of Barry Plant.
  • Geoff Lucas becomes CEO of The Agency.
  • Heidi Howe is crowned the winner of Elite Agent’s Transform 2021.
The Agency CEO Geoff Lucas.

April

  • Rental market rebounds with prices in all capitals but Melbourne, Perth and Darwin hitting a record high.
  • Metro Melbourne median house price passes $1 million.
  • CBA hires hundreds to speed up loan approvals.
  • Australian dwelling values enjoy their highest month of growth in 30 years.
  • Elite Agent launches Sales Caffeine – a coaching program for sales agents.
Melbourne’s median house price passed $1 million.

May

  • New tenants move into Netherlands first 3D printed house.
  • Federal budget is released with Treasurer Josh Frydenberg noting “home ownership will always be supported“.
  • Openn Negotiation announces its intention to go public later in the year.
  • Jellis Craig acquires the Greg Hocking group.
  • All of the agents on Gavin Rubinstein’s TRG team hit Ray White Elite level.
  • James Patterson takes on the role of Knight Frank CEO.
  • AREC 2021 takes place on the Gold Coast:
Ray White TRG founder, Gavin Rubinstein.

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