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Celebrity Homes
Vertigo star Kim Novak’s Carmel home offers ultimate oceanfront views
Best known for her two roles in Alfred Hitchcock's Vertigo, Kim Novak is a beloved actress straight from the golden years of Hollywood.
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Real Estate News
Victorian Government urged to allow one-on-one inspections amid ongoing lockdowns
The Real Estate Institute of Victoria (REIV) is urging the State Government to allow one-on-one inspections, noting the recently announced extension of Victoria’s fifth lockdown will wreak havoc on the real estate industry. On Tuesday, Victorian Premier Daniel Andrews announced the current lockdown would be extended seven days and is now slated to end on Tuesday, July 27. That’s likely…
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Real Estate News
Which regions have seen the highest rent value increases over the year?
CoreLogic data across 88 local markets shows that, as with the current housing market upswing, rental market increases have been broad-based.
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WA Real Estate News
Western Australia’s commercial property market is thriving
The commercial property market in Western Australia has risen from the ashes in the last financial year, according to Ray White. Ray White Commercial research has found Western Australia (WA) has greater certainty across all sectors, with tenants again occupying premises, business up and running, and low interest rates. Ray White head of research Vanessa Rader, in conjunction with Ray…
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SUPPLIER NEWS
Domain Home Loans welcomes new CEO and general manager Kareene Koh
Kareene Koh has been appointed as Domain Home Loans general manager (GM) and chief executive officer (CEO) on Monday, as Domain continues to expand their finance offerings.
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INDUSTRY NEWS
Property taxation is one of the largest barriers to housing affordability: REIA
Real Estate Institute of Australia (REIA) has urged the government to ‘axe the tax’, suggesting that removing property taxation will assist with the housing affordability crisis. REIA has suggested the National Housing, Finance and Investment Corporation (NHFIC) report Stamp Duty: Benefits and Challenges provides evidence that property taxation is one of the largest barriers to housing affordability and consistently performing markets. REIA…
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SUPPLIER NEWS
Domain, Lendi and other business leaders offer paid vaccination leave
Lendi Group, Domain Group, Prospa, Zip Co, Honey Insurance, Athena and Valiant Finance have announced paid vaccination leave for all permanent employees. The companies have launched the Great Aussie Vaccine Drive, pledging to offer employees paid leave for both doses, should they choose to get vaccinated against COVID-19. “We can see from the events unfolding around the country that getting…
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BTW
IQI and Palazzo homes set to bring a new era of living to West Perth
A new development is due to begin construction in a matter of weeks, aiming to bring luxury architecture design and lifestyle to West Perth. The Announcement: West Perth’s best-kept secret. Eclat. A stunning new development is taking luxury living to new heights from the ground up. An exquisite design, flawlessly floating in the heart of it all. Designed by award-winning…
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BTW
Waterfront Gold Coast landmark project nearly sold out
Marquee Development Partners have sold 95 per cent of their new penthouse collection on the Gold Coast only weeks after receiving development approval.
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INTERNATIONAL
US housing inventory jump is set to be a welcome relief for prospective buyers
Housing inventory saw significant recovery for the second straight month in June, according to the latest Zillow Real Estate Market Report. The increased housing inventory indicated the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favour. But demand is still strong, sending home value appreciation to new record highs for both monthly…
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COMMERCIAL
Affordable regional markets are attracting first-time commercial investors
Raine & Horne has found regional commercial property markets around Australia are very attractive for business owners and investors, particularly for first-timers. Regional towns like Wagga Wagga, Port Macquarie and Mackay are experiencing very strong economies, primarily due to their COVID-19 recovery efforts. Executive Chairman of Raine & Horne Group, Angus Raine, said for those new to commercial property investing,…
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INDUSTRY NEWS
Westpac revises its outlook for the Australian Dollar
Despite a long-term upswing in the value of the Australian Dollar (AUD), Big Four bank, Westpac believes there's still potential for more growth.
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INDUSTRY NEWS
Are weekday auctions the new Saturday?
Saturday might be renowned as the prime day for property auctions, but according to Ray White's national auction day clearance rates, Friday is actually more successful.
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Celebrity Homes
Inside #FreeBritney: Britney Spears’ impressive real estate portfolio
Britney Spears’ name has been plastered on headlines in recent weeks, courtesy of the #FreeBritney movement after she spoke out against the 13-year conservatorship that gave her father James control of her wealth. Britney Spears’ father James had previously been in control of her US$50 million fortune, earned thanks to mega-hits like Baby One More Time, Toxic and Oops! ……
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FRANCHISE NEWS
Raine & Horne’s new foundation set to help fight homelessness
Raine & Horne has hit the ground running with its new foundation, announcing it has partnered with not-for-profit charity, Dignity, in a bid to tackle homelessness. Launched recently, the Raine & Horne Foundation is the formalisation of the group’s social and corporate responsibility activities. The Foundation will work with a number of charitable organisations annually and will be supported by…
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BTW
New $800 million landmark is set to transform Surfers Paradise
International property developer SPG Land has proposed plans to transform Surfers Paradise with a $800 million project that will deliver one of the largest residential resorts on the Gold Coast. The Announcement: International property developer SPG Land, in a joint-venture with Australia developer Gordon Corp, has laid plans for a major transformation of Surfers Paradise with an innovative design that…
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WA Real Estate News
Perth vacancy rates hit the highest level since August last year
With an increase of 1.2 per cent in June 2021, the Perth vacancy rate is at the highest level seen since August last year.
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NSW Real Estate News
Regional NSW asking rents soar while metro locations continue to struggle
As more Sydney-siders seek a lifestyle overhaul, asking rents are soaring in popular New South Wales towns.
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Real Estate News
The US luxury housing market frenzy is settling down as inventory rises
The wild residential housing market in the United States (US) is finally starting to calm down, according to the Wall Street Journal. The publication reported more properties are coming on to the US housing market, especially in the prestige sector. They note inventory is increasing as owners who delayed selling during the worst of the pandemic now look to list their…
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Celebrity Homes
Celebrity jeweller Pascal Mouawad lists his $15 million Bel Air mansion
He’s the Hollywood jewellery designer famed for adding the final sparkles to some of the stage and screen’s biggest names. Internationally acclaimed jeweller Pascal Mouawad has listed his Bel Air mansion for US$15.75 million, according to TopTenRealEstateDeals.com. Mr Mouawad’s fine jewellery designs have graced runways and red carpets from the Oscars to Paris Fashion Week. The designer jewellery has been…
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INDUSTRY NEWS
National rents record highest annual growth in over a decade
Despite rental growth slowing over recent months, CoreLogic's Rental Review for the June 2021 quarter shows national rental rates are 6.6 per cent higher than they were last year after enjoying the highest annual growth in dwelling rents since January 2009.
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BTW
Real estate marketplace Homely.com.au partners with Raine & Horne
Real estate marketplace Homely.com.au has partnered up with Raine & Horne.
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BTW
Record number of construction projects started in the March quarter
New house construction has increased by 40 per cent, compared to last year.
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NSW Real Estate News
Property Council of Australia asks NSW to balance sustainable housing design with affordability
The Property Council of Australia has cautiously welcomed changes to the recent Design and Place State Environmental Planning Policies (SEPP) Explanation of Intended Effect (EIE) report, but notes sustainability must be balanced with affordability.
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INDUSTRY NEWS
Governments urged to improve planning approval times
The REIA is urging the Federal and State Governments to improve planning approval times in a bid to address the diminishing housing supply.
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Real Estate News
Adelaide is now Australia’s best auction market
Ray White Chief Economist Nerida Conisbee says Adelaide has so far recorded the highest auction clearance rate in the network in July.
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Real Estate News
Apartment dwellers set to face confusion as mandatory mask rule kicks in
New rules regarding the mandatory wearing of masks inside apartment blocks are set to cause widespread confusion unless out of date government information is updated according to a leading strata law expert. From this week it is now mandatory for anyone indoors on residential strata common property in Greater Sydney to wear a mask. If they fail to comply they will…
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Real Estate News
The Australian launches new commercial property lift-out
The Australian and realcommercial.com.au have come together to launch a new commercial property platform. The 12-page commercial property lift-out will be published in The Australian every Thursday and complemented with digital content on both of the brands’ websites. The national commercial and rural property offering aims to become the go-to destination for investors and key decision makers as it profiles, not only the…
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BTW
Leading realtor Kim Jones joins Kollosche in Byron Bay
Kollosche welcomes leading Sydney agent Kim Jones to the Byron Bay team as they expand their presence on the NSW Northern Rivers and Tweed Coast. The Announcement: Leading real estate figure Kim Jones joins Kollosche in a move that’s set to unleash a fresh wave of energy and experience at the top end of Byron Bay’s booming property market. Kim…
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BTW
Real estate runs in the family
Ray White Kiprovski Group business owner Jason Kiprovski’s family has been in real estate for three generations. The Announcement: Ray White prides itself on being family-run, which makes the new Ray White Kiprovski Group business owner Jason Kiprovski a perfect fit for the fourth generation agency. Born and bred in Ryde, Mr Kiprovski knew from a young age that he wanted…
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Real Estate News
Cheaper to buy than rent more than a third of Australian properties
CoreLogic analysis has suggested servicing a mortgage is now cheaper than paying rent on 36.3 per cent of Australian properties. That is 2.3 per cent higher than before coronavirus hit Australia. CoreLogic reported in February last year that mortgages were cheaper than renting for 33.9 per cent of properties. The analysis was undertaken at the individual property level, using a…
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INTERNATIONAL
Millennial first-home buyers should expect to pay US$30,000 for repairs
With American millennial buyers taking advantage of record low mortgage rates and jumping into home ownership, there are plenty of unexpected projects to get their first home move-in ready. According to the new Zillow and Thumbtack survey of 1000 home buyers, the average millennial expected to pay between US$10,000 and US$15,000 to make a home move-in ready. In reality, the data shows new home owners should…
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Celebrity Homes
Brian White’s family home in Brisbane sells for $10 million
The family of real estate giant Ray White have sold their Brisbane home prior to auction. Located in the illustrious suburb Ascot, the classic federation home sold after less than three weeks on the market. Ray White agency reported there was a ‘bidding war’ between four buyers last week, all vying to buy the estate. Local Ray White principals Matt…
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FRANCHISE NEWS
Vendor confidence up with appraisals rising 34 per cent
After a booming 12 months for Australian real estate, vendor confidence across the continent remains robust, according to Raine & Horne. Raine & Horne released new data that indicates property appraisals are about 34 per cent higher than winter 2020 and almost 44 per cent stronger than the same time in 2019. According to CoreLogic, national home values rose 13.5…
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NSW Real Estate News
Property Council of Australia welcomes NSW support packages worth $9 billion
The Property Council of Australia has welcomed state and federal business support packages for New South Wales (NSW) announced this week.
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