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INDUSTRY NEWS
Rental affordability hits record low across Australia
Rental affordability in Australia has deteriorated to its worst level since records began in 2008, with median-income households able to afford just over a third of available rentals.
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INDUSTRY NEWS
Sydney among world’s most expensive luxury property markets
Sydney has secured its position as one of the world's most expensive luxury property markets, ranking 11th globally according to a new report.
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Celebrity Homes
Selena Gomez and Benny Blanco purchase $35 million Beverly Hills estate
Selena Gomez and Benny Blanco have acquired a luxurious Spanish-style mansion in Beverly Hills for US$35 million, marking a significant milestone in their relationship.
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Movers and Shakers
Douglas Elliman opens new San Diego office in Del Mar Village
Douglas Elliman has established a new office in Del Mar Village, expanding its presence in San Diego County's luxury real estate market.
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INDUSTRY NEWS
Hope for housing affordability after RBA rate cut
Housing affordability in Australia might be at a record low, but the RBA rate cut suggests 2025 may bring welcome relief for both buyers and renters.
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Celebrity Homes
Former supermodel’s Beverly Hills villa hits market at US$26 million
A luxurious Italian-style villa in Beverly Hills owned by former supermodel Christina Estrada has been listed for sale at US$26 million.Â
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INDUSTRY NEWS
Regional migration trend started well before COVID
More Australians are moving from capital cities to regional areas in a long-term trend that began well before the COVID-19 pandemic, according to new research.
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INDUSTRY NEWS
New Zealand property values show signs of recovery
Property values in New Zealand have returned to growth, signaling the end of 2024's mini downturn and suggesting modest growth ahead for 2025.
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Celebrity Homes
Gene Simmons’ former Beverly Hills mansion gets another price cut
The Beverly Hills megamansion once owned by KISS front man Gene Simmons has received another price reduction, now listed at US$33 million after multiple cuts from its original US$48 million asking price.
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INDUSTRY NEWS
Queensland set to usher in the next wave of million-dollar suburbs
Queensland has emerged as the leading state in Australia's next wave of million-dollar suburbs, claiming four of the top 10 spots according to new research.
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Celebrity Homes
French billionaire lists $55 million mega-mansion on exclusive Fisher Island
A sprawling waterfront mansion on Miami's exclusive Fisher Island has hit the market for US$55 million, making it the most expensive and largest home available on the ultra-luxury enclave.
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Movers and Shakers
Regional offices shine at Raine & Horne Queensland State Awards
Raine & Horne Gladstone and Raine & Horne Commercial Brisbane North took top honours at the Queensland State Awards, while Jason and Jacqui Read of Raine & Horne Coomera/Pimpama received the prestigious Max Raine Award.
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Movers and Shakers
Greg Hocking joins Marshall White
Melbourne real estate legend Greg Hocking has joined leading luxury real estate agency Marshall White as a Sales Executive.
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FRANCHISE NEWS
Shanti Santhou joins The Agency on the Central Coast
The Agency has strengthened its Central Coast team with the appointment of experienced local agent Shanti Santhou, who brings extensive knowledge of the Bateau Bay market and surrounding areas.
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FRANCHISE NEWS
Caroline Turner: Building a family business in Warwick
Caroline Turner was initially hesitant to get into real estate after relocating from the UK 17 years ago, but it’s a decision that changed her life for the better.
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Celebrity Homes
A medieval castle hits the market in South Gippsland
A unique piece of architectural history has hit the market in South Gippsland, with "Versace Castle" listed for sale with a price guide of $1,400,000 to $1,475,000.Â
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FRANCHISE NEWS
Ray White generates nearly 10,000 appraisals in 17th call-a-thon
Ray White's 17th Real Estate of Origin call-a-thon has secured an impressive 9,568 property appraisals across Australasia in a single day, powered by the group's NurtureCloud technology platform.
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INDUSTRY NEWS
China leads foreign investment in Australian real estate
Foreign investment in Australian residential real estate continues to show strength with China leading the way in approved residential property purchases.
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FRANCHISE NEWS
Charles Callis joins Besser & Co
Respected agent Charles Callis has joined Besser and Co, bringing over a decade of industry experience to the agency.
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INDUSTRY NEWS
Victoria aims to become “townhouse capital” with planning reforms
Victoria is set to streamline the approval process for medium-density housing with Premier Jacinta Allan introducing a new "townhouse code" aimed at making the state Australia's townhouse capital.
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Celebrity Homes
Luxury Scottsdale mansion features ultimate Jordan sneaker collection
A spectacular Scottsdale mansion has hit the market for US$23.5 million, featuring an extraordinary museum-quality display of Michael Jordan sneakers that has attracted visits from numerous NBA stars.
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INDUSTRY NEWS
US real estate giant makes $2.7b bid for Domain
A major shake-up is underway in Australia's property portal landscape as US-based CoStar Group has launched a $2.7 billion takeover bid for Domain, Australia's second-largest real estate platform.
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INDUSTRY NEWS
Agents warned about social media rental scams
A wave of rental scams are targeting renters through social networking sites, with prospective tenants being urged to work with registered property managers.
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INDUSTRY NEWS
Rate cut provides modest relief as mortgage stress continues
The Reserve Bank of Australia's decision to cut the cash rate to 4.10 per cent offers some reprieve to struggling homeowners, but research suggests the reduction may not be enough to ease widespread financial pressure.
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INDUSTRY NEWS
Investor boom drives spike in home loans
Australia's home loan market has experienced significant growth in 2024, with investor lending leading the way and showing remarkable resilience amid changing market conditions.
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INDUSTRY NEWS
Regional markets show strength as capital cities slow
Regional property markets are showing remarkable resilience while capital cities face declining prices.
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INDUSTRY NEWS
Foreign buyers to be banned from purchasing existing homes
Labor has announced a two-year ban on foreign investors purchasing existing homes in Australia, mirroring a similar policy proposed by the Coalition last year, as part of broader efforts to improve housing affordability.
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INDUSTRY NEWS
More suburbs join the $2million and $3million clubs
A growing number of Australian suburbs have crossed the $2 million and $3 million median house price mark as strong price growth continues to push property values higher in blue chip markets.
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FRANCHISE NEWS
Ray White inks major partnerships with AFL powerhouses
Leading real estate group Ray White has secured significant partnerships with two of the AFL's biggest clubs, joining forces with both Collingwood Football Club and Sydney Swans in separate three-year deals.
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Celebrity Homes
Lori Loughlin’s Hidden Hills mansion returns to market at reduced price
'Full House' star Lori Loughlin and fashion designer husband Mossimo Giannulli have relisted their California mansion for US$16.5 million, marking a $1 million reduction from its original listing price last year.
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INDUSTRY NEWS
Sydney’s essential workers get new affordable housing development
A major build-to-rent development is set to transform Sydney's Inner West, with the Minns Labor Government announcing plans to convert a former WestConnex dive site in Camperdown into affordable housing for essential workers.
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INDUSTRY NEWS
Property doubling myth partially true across New Zealand
The common belief that property prices double every decade has proven true for some New Zealand regions, while others have fallen short of this benchmark.
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FRANCHISE NEWS
Harry Singh: creating success with authenticity in Melbourne’s west
Harry Singh has built a successful career with Area Specialist in Melbourne's west
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Celebrity Homes
The luxury St Andrews golf property with iconic views and a $14m price tag
A prestigious new development overlooking the historic Swilcan Bridge at St Andrews' Old Course is set to become one of Scotland's most expensive residential properties, offering what's being called the best view in golf.
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INDUSTRY NEWS
Regional property markets show strength as capital cities decline
Regional property markets are showing remarkable resilience, with values continuing to outperform capital cities amid challenging market conditions.
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