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Spanish Village with 44 homes hits the market
For anyone dreaming of a quiet life in Spain, a Spanish village could be yours for just $400,488 (€260,000).
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Top US real estate agent sells 16 homes every day
Texas real estate agent, Ben Caballero, might be 83 years old, but he’s officially the top sales agent in the US, selling a staggering 16 homes every single day.
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RBA rate hikes kick in for variable borrowers
Borrowers with a CBA, NAB and ANZ variable home loan have had a 0.25 per cent interest rate rise, with the banks passing on the RBA's November rate hike.
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First annual decline in Australian home values since October 2019
The value of Australian residential real estate continued to decline in October, down to $9.5 trillion from $9.6 trillion according to CoreLogic.
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David Walker: Developing a high-performance culture
If you’re going to succeed in one of the most competitive real estate markets in the country, you’re going to have to be able to put together an incredibly high-performing team.
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More choice for buyers as listings rise
The total number of properties for sale is increasing in nearly every part of the country, finally giving more choice to buyers.
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Flood-affected property markets to recover within 12 months
Flood-affected property markets are likely to bounce back within 12 months according to an expert.
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Young Australians live with their parents to save for a house deposit
The rising cost of living, including a lack of affordable housing, has changed the financial landscape for Australia’s youth.
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Real Estate News
NSW and Brisbane hit hard by the housing supply crunch
Inner Brisbane and the western suburbs of Sydney are some of the hardest hit locations of Australia’s housing supply crunch according to new research.
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Real Estate News
South Australian property remains steady as rates rise
Despite rising “economic uncertainty”, the South Australian property market continues to be the strongest in the country.
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Celebrity Homes
Whitney Houston and Bobby Brown’s former mansion for sale
The former home of infamous celebrity couple Whitney Houston and Bobby Brown has hit the market with an asking price of US$1.9 million. According to Realtor.com, the sprawling mansion in Alpharetta, Georgia, was used to film the reality TV show Being Bobby Brown. The famous singers originally purchased the mansion in 2003 for US$1.39 million before selling it four years…
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Real Estate News
REA Group increases revenue as “heat” comes out of the market
REA Group has announced an increase in first quarter revenue thanks to strong listings, however, the outlook remains mixed as the “heat” comes out of the property market.
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Another record-breaking year for pub sales
After a record-setting year for pub sales across NSW last year, 2022 is shaping up to be even stronger.
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Rate hikes slash home buyer’s budgets $214,000
The average family's borrowing capacity has shrunk by $214,600 as a result of seven months of interest rate rises.
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Billionaire puts Brisbane’s tallest penthouse on the market
Brisbane’s tallest penthouse, standing 270 m high, has hit the market.
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Digital signatures the most valuable tech tool for agents
Digital signatures, a lockbox and apps and technology that connect to listing portals, are the most important technology for real estate agents according to a new US survey.
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The 20 suburbs where property price growth is still on the cards
Burekup in south west Western Australia is ripe for future property price growth new analysis shows.
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Real estate industry needs to be more vigilant with data
Industry experts have called for more to be done to protect tenants', landlords' and trades' personal and financial information following a recent data breach.
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Mortgage rates nearing APRA’s mortgage serviceability buffer
The sharp rise in the official cash rate has seen mortgage rates pushing up towards the Australia Prudential Regulation Authority’s (APRA) mortgage serviceability buffer.
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INDUSTRY NEWS
October clearance rates hit a seven-month high
Auction clearance rates bounced to a seven-month high across the combined capitals and volumes have risen as sellers adjust to the new market conditions.
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Perth most affordable for first home buyers
Perth is the cheapest location in Australia to buy a home with the outer suburbs representing good value for first home buyers according to an expert.
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The Office fans can experience a night inside Dunder Mifflin
Fans of the US version of The Office will soon get to experience exactly what it would be like to live and work inside Dunder Mifflin.
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Celebrity Homes
Dr Dre lists his Malibu beach house for $20M
Music mogul Dr Dre is set to part ways with his long-held Malibu beach house, asking US$20 million for the property.
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FRANCHISE NEWS
Craig Pontey and Michael Finger move to McGrath
High-profile Double Bay agents, Craig Pontey and Michael Finger have officially moved over to ASX-listed McGrath after 35 years with Ray White.
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INDUSTRY NEWS
Interest rates and lending buffer see investors stuck on the sidelines
The rapid increase in interest rates is continuing to weigh on property prices and is making it more difficult for buyers to enter the market, according to a new report.
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RBA remains set on taming that troublesome inflation
Reserve Bank of Australia, Governor, Phillip Lowe is set to continue increasing the official cash rate in an attempt to tackle “evil” inflation that is slowly becoming ingrained in the economy.
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Australian suburbs where days on market have increased the most
Units in Ballarat Central in Victoria have seen their selling time increase the most in the country, according to new data.
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Rising rates cool New Zealand property prices
Rising interest rates are continuing to put pressure on home prices in New Zealand, with the latest data from CoreLogic showing values fell another 1.3 per cent in October.
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The commercial property that’s set to benefit from Federal Budget
The childcare and aged-care sectors are set to receive a boost after the Federal government committed to increasing its investment in the sectors.
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