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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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INDUSTRY NEWS
Expensive property markets leading the downturn but end could be in sight
The country’s most expensive property markets have been bearing the brunt of higher interest rates, however, 2023 could mark a slowing in the rate of declines according to a new report. CoreLogic’s annual Best of the Best Report for 2022, found that Sydney has been hit hardest by rising borrowing costs along with other higher-priced housing markets. CoreLogic Head of…
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Kyle Raven launches with UrbanX – the way of the future for high-performing agents
For 15 years, Kyle Raven has built a reputation around his passion for real estate and the time has come for him to put his own name on the door, launching Kyle Raven in Wangarrata, Victoria.
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INDUSTRY NEWS
Rising costs forcing renters back into share accommodation
Rising living costs are forcing more people back into share accommodation, as renters continue to get squeezed.
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Angela Duncan: The art of letting go
Angela Duncan knows first-hand that If you want to grow any type of business, you need to be able to find ways to fire yourself from the non-dollar-productive roles that are taking up all your time.
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Queenslanders cop the biggest rent rise in nearly 20 years
Rents have risen sharply across the country over the past 12 months, with Queenslanders being hit with the biggest increase in nearly 20 years.
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Tough conditions for mortgaged New Zealand investors
Homeowners across New Zealand who own multiple mortgaged properties face tough buying conditions as regulations and higher interest rates make it harder to purchase homes.
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Commercial property in regional Australia to outperform
Commercial property in regional Australia is set to benefit from the changing demographics experienced during Covid with Queensland likely to be the big winner according to a new report.
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Adelaide and Brisbane to be the strongest performers in 2023
The smaller capital city markets of Adelaide and Brisbane are set to be the top-performing property markets of 2023 according to a new report.
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INDUSTRY NEWS
Auction clearance rates hit a seventh-month high
Auction clearance rates have bounced back to a seventh-month high as vendors are now more prepared to meet the market according to a new report.
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INDUSTRY NEWS
First-home buyers choosing pets over family
First-home buyers would rather have more space for a pet than be close to their family according to new research.
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INDUSTRY NEWS
New home lending falls to lowest level in three years
New home lending has fallen to the lowest level in three years as industry experts believe it's time for the RBA to stop hiking interest rates.
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INDUSTRY NEWS
Auction volumes drop across Sydney in November but sentiment starting to change
Sydney auction volumes have halved compared to this time last year as uncertain vendors have moved across to private treaty sales according to an expert.
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