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Vendors slash asking prices as selling conditions get tougher
Some vendors across Sydney are cutting their asking prices by as much as $800,000 as the market continues to shift.
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Rental growth to continue to underpin commercial property
Strong rental growth will help mitigate the impact of rising interest rates on commercial property according to a new report.
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More land is required to build one million new homes
The government will need to release more land if they’re to meet their goal of building one million new homes in five years according to experts.
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Property values have soared in the past 20 years while rents lag
House prices across Australia have more than doubled in the past 20 years, however, rents have not been able to keep pace with soaring values.
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AFL star Lance ‘Buddy’ Franklin lists luxury Rose Bay home
Sydney Swans forward Lance Franklin and his wife Jesinta are selling their luxury Rose Bay home with a price guide of $5 – 5.5 million.
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Fixed-rate mortgages could hit 7 per cent in New Zealand
One-year fixed-rate mortgages could surge as high as 7 per cent in the coming months putting even more pressure on New Zealand property prices according to an expert.
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Property managers upskill with new investment portfolio manager course
Laing+Simmons is officially celebrating the first batch of graduates to complete its Investment Portfolio Manager course aimed at upskilling property managers.
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Does selling off-market come at a cost?
Choosing to sell your property off-market could be costing you as much as $60,000 according to a new report.
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INDUSTRY NEWS
Busselton and Bunbury lead regional growth in WA
The south west of Western Australia has continued its strong recent performance, with Busselton and Bunbury the top performers for price growth in the September quarter.
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Celebrity Homes
The ‘creepy’ home from Stranger Things is up for sale
Fans of the hit Netflix show Stranger Things have the chance to experience life in the fictional town of Hawkins, with a Victorian manor used as a set officially listed for sale.
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Real Estate News
South Australian Government to review rental laws
The South Australia State Government has announced an extensive review of the Residential Tenancies Act.
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INDUSTRY NEWS
Cheapest suburbs to buy within 10km of the CBD
As office workers return to their pre-pandemic lives and head back to CBDs, there are still a number of affordable inner-city suburbs for homebuyers looking to move back to the city, according to a new report.
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COMMERCIAL
Queensland holiday markets bouncing back
After a tough few years for tourism operators across Queensland, holidaymakers are back and looking to travel to the Sunshine State.
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Falling prices making access to liveable suburbs easier for buyers
Melbourne is now the most affordable city to purchase a house in suburb that is considered “livable” according to a new report.
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Retail property transactions slow as consumers battle rising prices
Retail property sales have slowed, as economic uncertainty climbs according to the latest Herron Todd White (HTW) Month in Review.
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Prestige property market mixed across the country
The prestige property market has softened on the East Coast but continues to hold up well in the smaller capital cities according to the latest Herron Todd White (HTW) Month in Review.
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Celebrity Homes
Daily Show host Trevor Noah lists his Manhattan penthouse
Host of The Daily Show Trevor Noah has listed his impressive Manhattan Penthouse for US$12.95 million.
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Real Estate News
Canberra’s first electric vehicle apartment development
In a first for Canberra, a new apartment development will include individual Electric Vehicle (EV) chargers for each apartment in a bid to make the building more environmentally friendly.
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Real Estate News
Next property boom could begin in mid-2023
The next property boom could start as soon as mid-2023 according to experts. Ayre Real Estate’s Directors Adrian Wilson and Craig Donohue have predicted that buyers should look to get into the market now ahead of a market turnaround when interest rates begin to fall. The Sydney city prestige apartment specialists said during the next boom apartments will likely outpace…
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Real Estate News
WA Government to extend housing initiative for domestic violence survivors
The WA Government has announced the extension of a program that works with landlords and real estate agents to help women and children fleeing family and domestic violence.
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Celebrity Homes
Ivana Trump’s luxury New York mansion hits the market
The luxury New York townhouse of Donald Trump’s former wife, Ivana has officially hit the market for US$26.5 million. According to The Dirt, Ivana Trump, who passed away earlier this year, paid US$2.5 million for the five-storey residence in 1992, after her divorce from the former US president. The 810sq m townhouse is currently configured with five bedrooms and 5.5…
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Real Estate News
Share of homes for sale below $600,000 hits record low
Two years of surging home prices across Australia has seen the portion of homes under $600,000 hit a record low level.
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Real Estate News
Airbnb co-founder’s new business is building small homes in backyards
Airbnb Co-founder Joe Gebbia has launched a new business focusing on building small homes in backyards.
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Real Estate News
Buyers taking 9 months longer to buy a home
Buyers are taking more than 9 months longer to purchase a home than they did at the end of 2020, with tight supply and falling affordability behind the time blowout.
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Celebrity Homes
Former FTX boss Sam Bankman-Fried lists his $40 million penthouse
Sam Bankman-Fried, founder of the now-collapsed crypto exchange FTX, has listed the luxury Bahamas penthouse where he lived and worked.
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COMMERCIAL
Industrial property the strongest performer in 2022
Industrial assets have continued their charmed run of recent years and look set to finish 2022 as the top-performing commercial asset according to an expert.
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INDUSTRY NEWS
The world’s first community of 3D-printed homes
A community in Texas is set to be the largest group of homes constructed using 3D printing technology.
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Real Estate News
Half a house to go under the hammer in Brisbane
“Half a house” in Brisbane, which saw the top floor gutted by fire, is set to go to auction.
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Profitable resales decline across New Zealand
Profitable resales across New Zealand continued to decline last quarter, dropping to 96.8 per cent according to CoreLogic.
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US brokerage Compass posts a $154 million loss
US tech-enabled real estate brokerage Compass posted a US$154 million loss last quarter, as the housing downturn continues to hit their bottom line.
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Covid regional hotspots lead price declines
The Covid boom that saw tens of thousands of people moving to regional Australia has officially come to end, with many regional hotspots now leading the downturn.
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Where it’s cheaper to buy than rent
After the surge in property prices over the past few years, it’s now cheaper to buy than rent a house in only 13.8 per cent of suburbs, according to Domain.
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