Edward (Ted) Pretty

PROPTECH-PR. A Consultancy for Proptech Founders. PROPTECH-X Proptech & Property News : Rightmove share price rises 23% as REA Group circles: The Australian based REA group announces intention to acquire UK’s Rightmove    The Australian based REA group announces intention to acquire UK's Rightmove   Rightmove whose fortunes have been in the doldrums, as they failed to re-invent themselves, instead just inflating the annual cost of agency licences, has been thrown a lifeline in the shape of a formal announcement that the REA group, owned majoritively by the Murdochs vehicle News Corp wants to buy them.  It would be ironic if REA became the new owner as over 60% of REA is owned by News Corp which is of course an American mass media and publishing company owned by the Murdochs, so Rightmove which was set up as a digital antithesis of the power held by traditional print newspaper publishing, might go full circle and be owned by the Murdochs. Interestingly News Corp shares went retrograde on this Rightmove news, (it might be a sign) though of course the instant upside for Rightmove is a whopping 20%+ uplift in their share price today.  What is more interesting is to tease out if the newish CEO Johan Svanstrom coming in to Rightmove in February 2023, 18 months ago was part of a strategic play to get the company ready for sale, which would show longterm planning, or was it just co-incidental. Then of course we have the fact that Alison Dolan the Chief Financial Director at Rightmove resigned on the 29th of May 2024, which supposedly wrongfooted the Rightmove Chair. Again is this just co-incidence. Well the clock it ticking and in a month we will see if a formal bid lands or this is just the first round of what may be a protracted campaign, for sure the CoStar Group has mixed up the portal landscape in the UK, the other interesting thought is will Zoopla be next in line for a sale, watch this space.  Read all articles #Property #digitaltransformation #startups #realestate #Proptech

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THE Centuria Industrial REIT (ASX: CIP) has benefitted from strong tailwinds in last mile industrial markets over FY24, delivering results in line with its FFO and distribution guidance, bolstered by strong rental growth, ecommerce adoption, onshoring of production and assembly and massive demand for data centre assets. #areits #CRE #commercialrealestate #commercialproperty

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BRISBANE MARKET CHALLENGES | Primary Residence/Owner Occupied Buyers 1. Limited Stock of Turnkey, Ready to Live Properties One significant challenge we're observing currently is the limited stock of turnkey, ready to live properties. Exceptional homes, particularly in blue-chip locales, are in high demand and are being secured almost instantly. This scarcity is creating a highly competitive market where buyers need to act quickly and decisively to secure their desired property. For those seeking a move in ready home, it's crucial to stay informed about new or upcoming listings and be prepared to make swift decisions. 2. Indecision Among Owner-Occupier Buyers Another major challenge is the indecision among many owner-occupier buyers. They're unsure whether to list their current home first to be ready to buy, but worry about not finding the right property in time. On the other hand, arranging bridging finance will alleviate timing issues but introduces additional financial burdens. This dilemma often results in analysis paralysis and missed opportunities. 3. Fluctuating Price Points Fluctuating price points in Brisbane’s bluechip areas add another layer of complexity. Determining the true value of a property can be challenging, and we've seen buyers miss out by being overly opportunistic with their offers. The ever-changing market means that what may seem like a higher offer today could quite simply be the norm tomorrow. 4. Time Given the current stock levels and competition, the time commitment required for a proactive property search. Many buyers are struggling to dedicate the necessary time to stay ahead in this fast-paced market. Balancing work, family, and a thorough property search can be incredibly overwhelming even for experienced buyers that have transacted on property before. Staying informed about new or upcoming listings, evaluating financial options carefully, and making competitive offers are key steps. Leveraging the expertise of market professionals can level the playing field and provide the insights needed to make confident decisions. If you are, or know of an owner-occupier buyer struggling to find the dream home, my team is here to help. Reach out to me directly for a confidential discussion. #BrisbaneRealEstate #OwnerOccupiers #HomeBuyers #RealEstateExpert #TeamOsborn #Prestige

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Washington Brown partners with proptech startup Property Dollar to enhance investment tools for property buyers #proptech #australianproptech #australianproperty #propertytechnology #proptechnews #startups #proptechstartups #startupnews #property #realestate #australianstartups #investing #propertybuyers

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𝐕𝐚𝐜𝐚𝐧𝐜𝐲 𝐑𝐚𝐭𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐟𝐨𝐫 𝐍𝐞𝐰𝐜𝐚𝐬𝐭𝐥𝐞 𝐚𝐧𝐝 𝐋𝐚𝐤𝐞 𝐌𝐚𝐜𝐪𝐮𝐚𝐫𝐢𝐞    Thanks to Suburbtrends for the vacancy rate insights in the graphic below.  This shows that over 50% of "suburb areas" have a vacancy rate of less than 1.0%, and some 90% of areas are under 1.5%. Theoretically, under 1% is considered high demand so this really does showcase the tight rental market at present.   𝘍𝘰𝘳 𝘵𝘦𝘯𝘢𝘯𝘵𝘴 this is not great news, but it does show where some of the harder and easier suburbs to rent right now could be.    𝘍𝘰𝘳 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴 this highlights the very strong rental demand in the Newcastle and Lake Macquarie regions, and also the suburb areas where it should be easier to get a tenant.   Vacancy rate is just one parameter to consider when analysing an investment opportunity.  If you need help narrowing down suburbs and then sourcing and finding the best performing investment, please contact me [email protected] or 0405 266 587.   #buyersagent #newcastlensw #lakemacquarie

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𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮𝗻 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗠𝗮𝗿𝗸𝗲𝘁𝘀: 𝗛𝗼𝘄 𝗠𝘂𝗰𝗵 𝗬𝗼𝘂 𝗡𝗲𝗲𝗱 𝘁𝗼 𝗘𝗮𝗿𝗻 𝘁𝗼 𝗢𝘄𝗻 𝗮 𝗛𝗼𝗺𝗲 Recent findings by the Australian Parliamentary Library unveil the salary requirements to afford a median-priced home across each Australian capital city. As housing affordability continues to challenge many, is it time to explore strategies for helping the next generation secure a foothold in the property market? #RealEstateAustralia #HomeOwnership #FamilyWealth #AustralianExpats

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Auction markets are proving pretty resilient to rising stock levels and some momentum leaving the growth trend. The weekend auction summary from CoreLogic Australia: Auction markets moved through a 4th consecutive week where more than 2,000 homes went under the hammer, with a preliminary auction clearance rate of 71.7%, up from 70.2% the week prior (revised down to 64.4% on finalised numbers). The preliminary clearance rate has held up amid the rise in auction volume and despite a broader rise in advertised stock levels and evidence of some momentum leaving the growth trend. 2,065 home went to auction over the week, down from 2,315 the week prior and lower than a year ago when 2,275 homes were auctioned. Melbourne saw the most auctions this week, with 932 homes going to auction, down from 1,052 the week prior. The preliminary clearance rate, at 71.1%, ticked a little higher relative to last week (70.0% which revised down to 62.9% once finalised). Sydney hosted 774 auctions this week, down from 874 the week prior, with a preliminary clearance rate of 73.2%, up from last week (71.3% which revised down to 65.3% on final numbers). The volume of auctions across the smaller markets was led by Brisbane, with 152 auctions and preliminary clearance rate of 62.1%. Adelaide held 146 auctions, with 80% successful on the early numbers, and 45 auctions were held across the ACT with a 65.5% clearance rate. Next week the volume of auctions is set to rise with around 2,480 homes currently scheduled for auction, increasing to approximately 2,780 the following week as the spring selling season gathers pace.

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Continuing on with the early modelling of Bioregional Institute Melbourne, we started thinking with the end in mind with how the operational businesses will be able to cover the mortgage on the facility while expanding the field of regenerative development into the localised sectors and community We now want to look at what potential is in a facility like this as a development, which although is very high level, gives a lens for people to see a place for themselves in the work that also helps pay some bills. This applies to potential project partners, land owners, investors, local and regional regenerative practitioners, and interested community partners Having no idea (some) what is going to come out of Melbourne's Story of Place and what that looks like through the Essence Triad. I don’t know if this is going to be an intercity mixed-use development as a 7 story affordable housing tower with ground floor commercial space for the core businesses to operate, or a peri-urban permaculture and education facility is a base for life centred innovation. To give us a start, I generally use the last development I was looking at that basically fits the ticket size, so here using the affordable housing CHP development model we are looking at in Sydney (another high level draft that I scratched together as an example for a post, I use our partner’s property development feasibility suite for real work) We have no idea what landowners, investors, or finance companies might be interested in the results of the Story of Place or Bioregional Institute Melbourne, so the scope is very wide from an Ecosystem of Value Reciprocity perspective, though below are some opportunities that come to mind and also resourcing ideas for local teams looking to get involved Continue in Post... https://lnkd.in/gdDbUW_K #regenerativedevelopment #regenerativedesign #regenerativebusiness #regenerativeeconomy #regenerativetourism #regenerativeagriculture #communitydevelopment #melbourne #communitylandtrusts #bioregion #bioregionalism

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PROPTECH-X : Rightmove share price rises 23% as REA Group circles: The Australian based REA group announces intention to acquire UK’s Rightmove    Rightmove whose fortunes have been in the doldrums, as they failed to re-invent themselves, instead just inflating the annual cost of agency licences, has been thrown a lifeline in the shape of a formal announcement that the REA group, owned majoritively by the […] #Proptech #Property #realestate #startups #digitaltransformation

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🏡💼 Reflections on the Australian Property Market: The Risks of Complacency The Australian property market has grown crazily over the previous two decades. Everything from urban apartments to suburban homes, has registered significant rises in value. While this has generally been a boon for investors, it has also fostered a somewhat complacent attitude within the property investment industry. This endless growth has seen strategic investment take a back seat to the thinking of "buy anything and watch it go up." This ready access to returns has unfortunately produced a growth industry of self-styled 'investment gurus.' And many of these, who've made fortunes from 'betting the farm' on residential properties, attribute their success to skill or strategic acumen. However, it is important to recognise that the majority of this achievement was based on a readiness to assume high risks when the market phase was especially favourable. The risk occurs nowadays because there is a large number of those gurus who believe they have a "magic formula". Whether novices or seasoned, investors must be wary of depending on strategies that have succeeded only due to the extraordinary conditions of the market rather than being the outcome of strategic planning and risk management. Going forward, there is a great need to reinstall strategic consideration in property investment requiring a much more analytical approach. #AustralianPropertyMarket #RealEstateInvestment #PropertyInvestment #InvestmentStrategy #MarketAnalysis #StrategicPlanning #RealEstateGrowth #InvestorEducation #MarketTrends #RiskManagement

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Rental Affordability Hits All-Time Low, Anglicare Report Reveals 📉🏠 According to Anglicare Australia’s 15th Rental Affordability Snapshot, rental stress is soaring among low-income Australians, with the situation now described as the worst in the report’s history. The analysis, which reviewed 45,115 rental listings from realestate.com.au over the weekend of 16-17 March, starkly illustrates the crisis. Only 13.4% of listings were deemed affordable for a two-parent family on minimum wage, and a mere 1.8% for single-parent families. For retirees on the age pension, affordability plummets further to just 0.2%, and shockingly, no rentals were affordable for individuals on JobSeeker 💸. A rental is considered affordable when it does not exceed 30% of a household's income. The dramatic scarcity of affordable rentals is largely attributed to a significant undersupply in many parts of the country, driving rents upward at a rapid pace 📈. #RentalCrisis #AffordableHousing #AustralianEconomy #HousingMarket #Anglicare

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PsiQuantum, which counts Australian professors Jeremy O’Brien and Terry Rudolph among its four-man founding team, plans to build an “error-corrected” quantum computer by 2029. PsiQuantum last disclosed a funding round in 2021, when it announced it had received $US450 million in investment from funds including BlackRock at a valuation of $US3.15 billion. Australia has announced a $940 million — or about $617 million US — investment in PsiQuantum, a Silicon Valley start-up with Australian roots, in a bid to build the world’s first commercially viable quantum computer in Brisbane. The federal and Queensland governments are each contributing $470 million to PsiQuantum through share purchases, grants, and loans. #QuantumComputing #Australia #BlackRock #Startup #Future #Brisbane

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The inability of banks to provide adequate funding to small-scale developers isn’t just affecting real estate companies, it’s exacerbating Australia’s housing shortage. https://hubs.li/Q02Vfr750 #TogetherWeBuild #PropertyFinance #ProjectFinance #p2p #PropertyMarket #PropTech #fintech #developmentfinance #propertydeveloper #developmentfunding #residentialdevelopment #residentialproperty #residentialconstruction #residentialproject #housingcrisis

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