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Celebrity Homes
Britney Spears looking to offload her Calabasas mansion after six months
After less than six months of ownership, popstar Britney Spears is quietly shopping around her massive Calabasas mansion, asking US$12 million for the luxury home.
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INDUSTRY NEWS
If Australia follows the US into a tech downturn, these areas will be the most impacted
We may be in a cost of living crisis but we are certainly not in an employment crisis.
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FEATURE INTERVIEWS
5 questions with Fraser Lack, the Survivor ‘villain’ who wants to change the way Australians perceive real estate agents
Australian Survivor contestant and BigginScott Port Melbourne agent Fraser Lack may be playing a villain this season, but he's hoping to change perceptions of the industry with his appearance.
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INDUSTRY NEWS
Keller Williams lawsuit: Is this the end of cold calling?
US real estate firm Keller Williams has agreed to pay US$40 million as part of a settlement agreement after it faced a class action lawsuit alleging it had violated the Telephone Consumer Protection Act, raising questions about the viability of cold calling.
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INDUSTRY NEWS
New Zealand inflation figures remain stubbornly high
The latest New Zealand Consumer Price Index readings indicate the Reserve Bank of New Zealand is likely to opt for a 0.75 per cent increase to the cash rate when it meets next, a leading economist says.
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INDUSTRY NEWS
December quarter inflation figures higher than expected
The Consumer Price Index rose 7.8 per cent in the 12 months to December, higher than the predicted 7.5 per cent, raising the likelihood that the Reserve Bank of Australia will hike the cash rate in February.
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INDUSTRY NEWS
Property price declines losing pace, Domain says
Property prices declined at a slower rate during the December quarter according to Domain, in a sign that the current downturn may be losing momentum.
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WEIRD AND WONDERFUL
Creepy interior decorations have everyone talking about this UK listing
Internet sleuths were quick to point out some creepy additions visible in the marketing photos for a UK listing.
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INDUSTRY NEWS
Queensland ranked number one state economy by CommSec
An uptick in sea and tree changers heading north has led to Queensland being ranked the best-performing state economy for the first time in the 13-year history of CommSec’s State of the States report.
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INDUSTRY NEWS
Residential land prices stabilise after 26 per cent surge
The cost of new residential land has stabilised following a strong two years of growth, with rising interest rates the key reason, according to the Housing Industry Association.
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TECH + SOCIAL
Our favourite new tech ideas from CES 2023
The annual Consumer Electronics Show in Las Vegas was back with a bang this January, with no shortage of new tech ideas that could help give agents the upper hand.
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APPOINTMENTS
The Agency appoints Sally O’Connell to GM of Sales for Victoria and Tasmania
The Agency has appointed Sally O’Connell to the role of General Manager of Sales - Victoria and Tasmania, with the former Macquarie Bank executive hoping to replicate the success the brand has seen in the NSW and Western Australia markets.
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Celebrity Homes
Ellen DeGeneres sells historic Montecito property for the second time
Ellen DeGeneres and Portia de Rossi have offloaded their historic Santa Barbara property to the CEO and founder of dating app Bumble for a reported US$21 million.
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INDUSTRY NEWS
New Zealand unlikely to ease borrowing restrictions in 2023
The Reserve Bank of New Zealand is unlikely to ease current loan-to-value ratio restrictions that require investors to cough up a minimum deposit of 40 per cent, CoreLogic New Zealand's Chief Property Economist Kelvin Davidson says.
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INDUSTRY NEWS
Rental listings the lowest they’ve been since 2003, PropTrack finds
The number of rental listings advertised in Australia's capital cities has reached its lowest point in nearly 20 years, according to PropTrack.
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APPOINTMENTS
Glenn Curran on joining The Agency and what’s in store for Sydney’s market in 2023
The Agency has extended its reach in Sydney's Upper North Shore market with the appointment of Glenn Curran as a Property Partner, with Mr Curran predicting a strong year of sales on the back of a resurgence in overseas buyers.
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WEIRD AND WONDERFUL
This Mornington Peninsula home is stuck in the 1960s and proud of it
A Victorian property listing complete with bright flower wallpaper and chequerboard floors has hit the market, offering buyers a slice of 1960's inspired nostalgia.
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INDUSTRY NEWS
Mortgage refinancing activity up as survey shows borrowers are fudging the numbers
Owner-occupiers are refinancing in record numbers according to new statistics from the Australian Bureau of Statistics, as separate figures from Finder show that more than 10 per cent of borrowers lied about details on their loan application.
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INDUSTRY NEWS
The social media accounts we’re following right now
Here's a selection of the social accounts we've been following over the break.
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INDUSTRY NEWS
Construction costs show signs of easing after record increase
Residential construction costs rose by a record amount last year, new data shows, but signs of a slow down emerged in the latter months of 2022.
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INDUSTRY NEWS
When should NSW first-home buyers consider stamp duty over property tax?
It would take more than a decade for first-home buyers in NSW to be better off opting for stamp duty over the state's new property tax, though the scheme does risk inflating prices for properties under $1.5 million, Domain's Chief of Research and Economics says.
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INDUSTRY NEWS
Entire Tasmanian town of Tarraleah is back on the market
Tarraleah, a former hydro town in Tasmania, is back on the market following a Covid-disrupted campaign, with listing agent Ed McKay hoping 3D tours and a targeted video campaign will help bring it to the attention of high-profile investors.
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INDUSTRY NEWS
New UK start-up aims to split costs of owning a second home
A UK-based fractional ownership startup that aims to make owning a second home more affordable has launched, offering the chance to purchase a share in one of four luxury London apartments.
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Celebrity Homes
Michael B. Jordan lists Encino house after less than a year
The Creed and Black Panther star has put his Encino, Los Angeles property on the market less than a year after purchasing it.
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INDUSTRY NEWS
Australia’s top 100 streets for property values revealed
A new report from Suburbtrends has uncovered the top 100 streets in Australia for high-value properties.
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INDUSTRY NEWS
Inflation figures bounce back in November
New inflation data from the Australian Bureau of Statistics shows the consumer price index rose 7.3 per cent in the twelve months to November, up from October's 6.9 per cent.
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INDUSTRY NEWS
Western Australia’s housing supply hits a new low
The number of properties for sale and rent in Western Australia hit a 12-year low in December, according to the Real Estate Institute of Western Australia.
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INDUSTRY NEWS
PropTrack, CoreLogic report slowdown in rental price growth
Rental prices finished 2022 at a significantly higher level than they were the year prior, but price growth began to moderate during the December quarter, according to a new report from PropTrack.
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COMMERCIAL
Why electric vehicles don’t pose a threat to service stations just yet
Service stations were one of the standout assets during 2022, with the threat posed by the increased uptake of electric vehicles unlikely to be a drag on their values for some time, according to one expert.
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INDUSTRY NEWS
The best locations for cash flow in 2023 revealed
Property investors chasing lower holding costs should set their sights on larger regional cities, according to a new report from Propertyology.
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INDUSTRY NEWS
Building approvals fall again as RBA’s rate rises hit home
An economist is urging the Reserve Bank of Australia to "hold fire" on future rate rises after new building approvals declined again during the month of November.
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INDUSTRY NEWS
New property listings plunge in December as homes stay on the market longer
The number of new listings hitting the market in December fell by 31.1 per cent when compared with Novembers figures, according to the latest update from SQM Research.
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NEWS
Australian property values record largest decline on record
Australian property values have clocked the largest decline on record, dipping by 8.4 per cent between their peak on May 7 2022 and January 7 2023, according to CoreLogic.
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INDUSTRY NEWS
New population report reveals what Australia’s cities will look like in 2033
Melbourne remains on track to overtake Sydney as the country's largest city within the next decade, according to new modelling.
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INDUSTRY NEWS
2022 the worst year for property price drops since the GFC
December home price figures paint a mixed picture for a property market that came under intense pressure from rising interest rates during 2022, with some smaller capital cities still recording positive price growth despite a decline in national values not witnessed since the Global Financial Crisis.
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