Households will need to wait a little longer before interest rates come down, with recent inflation figures not quite low enough to convince the Reserve Bank to cut rates just yet.
Brisbane has hit a fresh record home price with experts tipping it could stay more expensive than Melbourne ‘forever’.
Pubs and pokies baron Bruce Mathieson bought Paddington’s Captain Cook Hotel for more than $13m in 2022 — it’s just sold for half that, for a very good reason.
Read MoreNSW CPD updates
Industry updates: Sydney defies gravity smashing out a fresh home price record, Homeowners warned of looming ban on dangerous renovation product, Why it’s a better time to buy a home right now, National Property Manager’s Day!
Job Opportunities: Exciting opportunity for a part-time Property Administration Professional, located on the Sunshine Coast! Interested? Reach out to Gillian Gatt: gillian.gatt@AusDN.org.au
Mothers Day Giveaway Winner Announced!!
Industry updates: Cheap rentals drying up in Townsville, 100 granny flats a week: Families turn to ‘instant’ housing solution
Commercial updates: Brisbane CBD tower being sold by DWS Group could trade for $112m.
On the road again! Stay tuned for our upcoming Face-to-face classes!
NSW CPD updates: NSW Class 1 and Class 2 licensees can now complete their training with us online!
3 November 2023
Industry updates: NSW strata sector updates October 2023 // NSW Government introduces strata sector reforms, extends existing property services commissioner role // National Association of Renters' Organisations launches report on principles for strengthening renters’ rights.
Disciplinary action: Former Victorian estate agent convicted over illegal transfers of client funds // Victorian estate agent facing disciplinary action for poor conduct // Western Australia Consumer Protection urges tenants to report racist behaviour after agent reprimanded and suspended // NSW Fair Trading publishes results from underquoting compliance inspections, confirms $52,800 in fines issued.
Legislative changes: South Australian government clarifies further commitments to improving housing outcomes for tenants and prospective tenants // Bill introduced to amend South Australia's Residential Tenancy Act.
NSW CPD updates: NSW Class 2 and Class 1 licensees can now complete their CPD training with us online! Plus more face-to-face classroom CPD options!
WA CPD: WA agents, don’t forget to enrol in and complete your CPD by 31 December 2023!
3 October 2023
Industry updates: Consumer Affairs Victoria warns against failure to audit trust accounts // Queensland Residential Tenancies Authority (RTA) continues to encourage tenants to enquire about outstanding bonds // Commercial news: Commercial real estate sector primed for strong growth in 2024, experts predict.
Disciplinary action: Victorian estate agent facing disciplinary action for poor conduct // Former Victorian estate agent convicted over illegal transfers of client funds // Western Australia Consumer Protection urges tenants to report racist behaviour after agent reprimanded and suspended // NSW Fair Trading publishes results from underquoting compliance inspections, confirms $52,800 in fines issued.
Legislative changes: Tasmanian agents, have your say on proposed changes to the Tasmanian Civil and Administrative Tribunal legislation by 4 October 2023.
NSW CPD updates: NSW Class 2 and Class 1 licensees can now complete their CPD training with us online!
1 September 2023
Industry updates: NSW licensees in charge: Ensure assistant agents are qualified by March 2024 // NSW Continuing Professional Development (CPD) for multi-licence holders clarified.
Disciplinary action: Queensland Fair Trading charges Cairns real estate agent over 13 offences.
Legislative changes: Further reforms to rent bidding in NSW // Rent bidding illegal in South Australia from 1 September 2023 // New laws around minimum housing standards commence 1 September 2023 in Queensland.
4 August 2023
Industry updates: NSW Government announces change to temporary accommodation access support people in crisis // NSW Government introduces rental commissioner role // Queensland Residential Tenancies Authority reports over 114,000 outstanding bond payments // NSW stock agent news: Sheep and goat electronic ID grants open for saleyards and processors
Disciplinary action: Victorian agents hit with over $500k in fines for underquoting // Consumer Affairs Victoria commences action against agency for practising while unlicensed.
Legislative changes: NSW Government engages community consultation for further changes to rental laws // No-cause evictions to be banned in South Australia.
7 July 2023
Site-wide discount to celebrate World Chocolate Day! 🍫
Industry updates: Over $300,000 stolen from WA real estate trust account by scammers // Update on NSW rent bidding ban compliance.
Disciplinary action: NSW real estate agent sentenced to two years imprisonment following 121 counts of fraud // Former Victorian estate agents representative banned from industry for 10 years, fined $2,500 // Former Victorian agent sentenced for misuse of over $100,000 in trust money.
Legislative changes: Rent bidding banned in South Australia // New laws around rent increase frequency for Queensland commenced 1 July 2023.
Feature blog: ‘Protecting your real estate business from scam activity and fraud’.
20 June 2023
Site-wide ‘End of Financial Year’ discount code!
Industry updates: Scammers target real estate and settlement industry trust accounts // Northern Territory 'Water Plan' announced, providing water security for Territory residents.
Disciplinary action: WA agency fined over failure to act in best interest of clients // Victorian estate agent prosecuted for alleged trust account misuse // Queensland agent sentenced to eight years in jail for fraud // Victorian agent jailed for trust account misuse.
Legislative changes: NSW portable bond scheme and further reform to recent laws around rent bidding // WA Consumer Protection announces changes to tenancy laws // South Australia rental reforms: An update on laws for renting with pets.
Important reminder: ACT CPD due 30 June 2023 for licence holders.
5 May 2023
Site-wide Mother’s Day discount code!
Industry updates: NSW Fair Trading's recommendations for the handling of personal information and tenancy applications, Changes to NSW CPD for 2023-2024.
Disciplinary action: Unlicensed individual acting as WA agent ordered to pay over $23,000 in fines and costs.
Legislative changes: Rent increase limits and minimum housing standards for Queensland tenancies.
Important reminder: ACT CPD due 30 June 2023 for licence holders.
Macdonald Education Trading as The Australian Real Estate Training College | RTO 91003 | ABN 26 002 664 771 | Create your future
In the spirit of reconciliation, Macdonald Education acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
