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INDUSTRY NEWS
The real estate fallout from the Silicon Valley Bank collapse
Silicon Valley Bank, America’s 16th largest bank and a large source of funding for some prominent PropTech companies, has been dramatically shut down by regulators after depositors began pulling out their money.
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INDUSTRY NEWS
PropTech is not something for agents to fear
Technology is continuing to change the way real estate agents operate, but the huge increase in new PropTech should be seen as an opportunity and not something to fear, according to an expert.
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FRANCHISE NEWS
LJ Hooker Property Specialists establishes new Adelaide superstore
LJ Hooker Property Specialists has established their new flagship location in North East Adelaide, under the direction of Principal Michael Fenn, merging the Greenwith and Mawson Lakes locations into a new “superstore”.
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INDUSTRY NEWS
$100,000 St Kilda garage attracts first-home buyers
A St Kilda garage listed for $100,000, that has the potential to be converted into a small apartment has been attracting a lot of attention from potential first-home buyers keen to get into the exclusive Melbourne suburb.
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WEIRD AND WONDERFUL
The Boeing 737 that’s been converted into a luxury Bali home
Retired aircraft are often sold off for parts or installed in a museum, but being converted into a high-end luxury villa in Bali is slightly more out of the ordinary.
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INDUSTRY NEWS
Brisbane tenant suing former landlord for $1.2 million
A Brisbane man who claims he sustained serious life-changing injuries when he slipped on a flooded floor is suing his former landlord seeking $1.2 million in what's set to be a test of the landlord-tenant duty of care relationship.
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INDUSTRY NEWS
REACH Australia launches Proptech listing portal
Venture capital firm and PropTech accelerator, REACH Australia is getting ready to launch a listing portal featuring all the available PropTech tools and platforms across Australia and New Zealand.
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Elite Agent TV
Julie Gauci: the power of auctions in regional areas
Julie Gauci’s career in real estate started as a 19-year-old receptionist before evolving over 20 years into a sales powerhouse writing $1.7 million GCI in 2022 as Principal of Ray White Culburra Beach.
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Celebrity Homes
Jennifer Lopez lists her Bel Air mansion for $42 Million
Popstar and actress Jennifer Lopez is officially looking to offload her sprawling Bel Air estate for a staggering US$42.5 million and purchase a new marital home with husband Ben Affleck.
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INDUSTRY NEWS
New South Wales the “poster child for failing housing markets”
A new report has found that the country's housing markets are in crisis, with New South Wales deemed the “poster child for failing housing markets”.
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Celebrity Homes
Jim Carrey looking to sell his $29 million LA “magical sanctuary”
Ace Ventura star and one of Hollywood’s biggest names, Jim Carrey is officially looking to part ways with his long-time Los Angeles home.
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Celebrity Homes
James Corden’s $22 million LA estate hits the market
Carpool Karaoke creator and late-night talk show host James Corden has officially put his luxurious Los Angeles estate on the market with an asking price of US$22 million.
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INDUSTRY NEWS
Renters feel the pinch as vacancy rates drop back to record lows
There’s still no relief in sight for renters with vacancy rates returning to record low levels across the country.
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INDUSTRY NEWS
Office vacancy figures show mixed outlook for cities
Businesses and workers continue to slowly trickle back into city CBDs, with new data showing demand for office space increased an average 0.1 per cent in the past six months.
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INDUSTRY NEWS
Brisbane property prices fall by a record 10.9 per cent
After property prices in Brisbane boomed by more than 40 per cent during the pandemic, values are now falling at a record-setting pace.
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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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WEIRD AND WONDERFUL
7 wild and wonderful listings on Zillow
Every year celebrity and other high-end homes seem to be getting bigger, bolder and at times a little bit crazy.
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INDUSTRY NEWS
One in two property markets declined in 2022: CoreLogic
Record high inflation, rising interest rates and weak consumer sentiment are leading to falling home prices, with new data showing that one in two markets declined in value in 2022
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INDUSTRY NEWS
Only 7 per cent of suburbs in New Zealand not experiencing price declines
While most suburbs in New Zealand have been experiencing steep home price declines in the past three months, there are still areas that have seen growth according to CoreLogic.
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COMMERCIAL
Demand for quality commercial assets to increase in 2023
Demand for value-add commercial assets and locations that will experience strong population growth will be a key focus for investors in 2023 according to an expert.
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Celebrity Homes
Selling Sunset Star Mary Fitzgerald buys renovated Toluca Lake house
Selling Sunset star Mary Fitzgerald has quietly picked up a stylishly renovated property in the Los Angeles neighbourhood of Toluca Lake.
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INDUSTRY NEWS
Home buyers search for ways to save as rates rise
Home buyers searching for information on interest rate rises exploded in 2022, with new research suggesting thousands of Australians are looking to cope with higher borrowing costs.
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Celebrity Homes
Kendrick Lamar scoops up Bel Air estate
Rapper Kendrick Lamar has officially purchased a US$15.9 million Bel Air estate to add to his growing property portfolio.
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INDUSTRY NEWS
Regional home prices hold up better than the capital cities
After booming throughout the pandemic, regional property prices have continued to outperform the capital cities in 2022, driven by ongoing demand and tight supply, according to a new report.
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Celebrity Homes
Tom Petty’s oceanfront Malibu beach house hits the market
The Malibu home of the musician, Tom Petty has officially hit the market with an asking price of US$9.8 Million. According to The Dirt, the estate of the late vocalist and guitarist who passed away 2017, has put the property up for sale. Sitting on the white sand of Escondido Beach, the beach house boasts 20 metres of ocean frontage…
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SUPPLIER NEWS
Most searched for suburbs, property features in 2022 revealed
The skyrocketing cost of borrowing is shaping up to be one of the biggest influences on the property market, but rising rates haven't stopped buyer demand in certain suburbs, according to a new report.
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Celebrity Homes
Jonah Hill sells his spare Malibu house
Moneyball star Jonah Hill has officially sold his spare Malibu home after picking up another house closer to the beach.
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INDUSTRY NEWS
REIACT appoints new chief executive officer
The Real Estate Institute of the ACT (REIACT) has appointed Maria Edwards to the CEO role, taking over from Michelle Tynan.
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INDUSTRY NEWS
Combating Taree’s rental crisis with transitional housing
The rental crisis across Australia is reaching extreme levels, with some of the biggest shortages occurring in regional areas forcing vulnerable people into incredibly challenging situations.
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Celebrity Homes
Eagles drummer Don Henley buys his son a million-dollar LA home
Grammy-winning Eagles founding member Don Henley has quietly purchased a Westside Los Angeles home for his son, 24-year-old Will Henley.
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FRANCHISE NEWS
Fastest Growing Ray White Office goes Greater
Leading principal Avi Khan continues to expand his foothold across Queensland, buying two more Ray White offices in Brisbane. Avi Khan Group (AKG) officially purchased Ray White Eight Mile Plains and Ray White Brookewater/Greater Springfield. The acquisitions now mean Avi Khan Group operates five offices in total making it the fourth largest group in the Ray White network all in…
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INDUSTRY NEWS
Victorian suburbs top the list for best buying opportunities in 2023
Victoria has topped the list for the most suburbs that offer great buying opportunities in 2023 according to a new report.
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Celebrity Homes
Tyler, the Creator lists his Bel Air home at a loss
Rapper, Tyler, the Creator is so keen to offload his Bel Air home that he’s prepared to take a $1 million loss just to get rid of it. According to The Dirt, the hip-hop artist is asking US$7 million for the estate he paid US$7.9 million for just 12 months ago. The single-storey home boasts four bedrooms, and 4.5 bathrooms…
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COMMERCIAL
Office assets the most transacted in 2022
Office market transactions have bounced back in 2022, as the sector tries to recover from the ongoing impact of government-imposed lockdowns.
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NSW state government bans rental bidding
The controversial practice of rental auctions is set to be banned in NSW from this Saturday.
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