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Home price falls stabilise in October
National home prices recorded a small decline in October as values continue to stabilise.
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Major banks tip cash rate will peak at 3.85%
Today's 0.25 per cent increase to the cash rate is less than two of the big banks predicted, with both the NAB and Westpac tipping it would rise 0.5 per cent on Melbourne Cup day.
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INDUSTRY NEWS
Land sales spike in South East Queensland
Demand for land in South East Queensland remains elevated with sales up to 10 times higher than pre-pandemic levels in some areas while just seven suburbs have a median price under $300,000.
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Why 2021 was the exception, not the rule, in the property market
After a record-setting year for real estate last year, transaction volumes and prices have dropped, however, 2021 should be looked at as an outlier and not a benchmark according to an expert
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Experts predict another cash rate rise from the RBA
There’s likely more pain ahead for borrowers with 97 per cent of experts expecting the RBA to hike the cash rate at the November meeting.
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INDUSTRY NEWS
House buyback scheme announced for Northern Rivers flood victims
Two thousand homeowners affected by this year's severe flooding across Northern NSW will be able to access a land buyback scheme and additional support to raise or flood-proof their homes under a new government scheme.
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House prices are falling at the fastest quarterly rate on record
Rising interest rates, surging inflation and high levels of household debt have seen home prices across the country fall at their fastest-ever quarterly rate.
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Unit prices falling slower than houses
Unit values across the country are likely to be more resilient during the current market downturn according to an expert.
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Central Place Sydney receives DA approval from City of Sydney
Sydney’s new tech precinct, continues to take shape, with Central Place Sydney receiving Development Application approval from the City of Sydney.
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The world’s most incredible cliff-top homes
Modern building techniques have enabled homes to be constructed in some of the most beautiful yet challenging locations.
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It’s still possible to buy a house under $1 million within 5km of the city
Despite the record increase in house prices across the country in recent years, it’s still possible to find homes under $1 million within 5km of the city.
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Rain and trains hampering office occupancy recovery
Continued heavy rain across the East Coast as well as public transport disruptions have slowed the return to the office for many CBD workers.
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Celebrity Homes
Kourtney Kardashian and Travis Barker buy Conan O’Brien’s oceanfront getaway
Newlyweds, Kourtney Kardashian and Travis Barker appear to have found their first joint home, having purchased Conan O’Brien’s oceanfront getaway in Carpinteria.
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Rental supply at the lowest level in two decades
Rental stock across Australia has reached the lowest level since 2003 led by the reopening of international borders, putting more pressure on renters than ever before.
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Fractional ownership of holiday homes comes to Australia
If you've ever wanted to own an overseas luxury home but wondered how you could afford it, a new company is helping Australians make that dream become a reality.
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Sydney property prices have fallen 10 per cent since February
Property prices in Sydney continue to feel the effects of the downturn, with new data showing values have now declined 10.1 per cent from their peak, according to CoreLogic.
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Property manager Kate Hansen’s second chance at life
On her 32nd birthday, Kate Hansen died for 15 minutes. The Ray White property manager, who was desperately ill and in need of a kidney and pancreas transplant, was brought back to life by paramedics using CPR for 90 minutes.
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Lizzo picks up $15 Million Beverly Hills estate
Rapper Lizzo is moving to Beverly Hills, picking up a stylish estate once owned by Harry Styles for US$15 million.
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Buyers need to weigh up the risk of falling property prices
Home buyers need to weigh up the risk of falling property prices as the Reserve Bank of Australia continues to raise interest rates according to an expert.
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INDUSTRY NEWS
Australian property companies the most sustainable in the world
Australian property companies have taken out top position for the 12th consecutive year, in the GRESB Real Estate Assessment ranking for sustainability.
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Celebrity Homes
Kate Mara, Jamie Bell buy Neil Finn’s Los Feliz home
Fresh from offloading their home in the Hollywood Hills, House of Cards actress Kate Mara and her husband Jamie Bell have picked up a new property in the leafy foothills of Los Feliz.
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INDUSTRY NEWS
Could property prices return to pre-Covid levels?
National property prices would need to fall 16.7 per cent for values to be back at pre-Covid levels according to CoreLogic.
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INDUSTRY NEWS
Investors eyeing off South East Queensland
South east Queensland is back on the radar for property investors after the State Government shelved land tax changes an expert has said.
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Celebrity Homes
Harry Styles’ former LA home returns to the market
The former Sunset Strip home of UK singer Harry Styles is headed back to the market with an asking price of US$7.995 million.
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INDUSTRY NEWS
Rising interest rates weigh on median home prices: HTW
The Reserve Bank of Australia’s sharp tightening cycle has started to see median home prices fall across the country, according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Sunshine Coast Hinterland continues to see strong demand
After seeing a record level of demand over the COVID-era, the Sunshine Coast hinterland property market is still recording strong sales numbers as homebuyers continue to chase a better lifestyle.
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Celebrity Homes
Real estate guru Antony Catalano lists St Kilda mansion for $16 million
Former Domain boss Antony Catalano is getting ready to offload his beachside mansion in St Kilda West as is set to achieve an eye-watering $11 million profit on the sale.
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COMMERCIAL
Australia continues to attract commercial real estate investment
After a record year in 2021, commercial transactions have slowed, however, Australia still remains an “attractive” market for international investors according to an expert.
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INDUSTRY NEWS
Sydney vacancy rate hits nine-year low
Finding a rental property in Sydney is getting increasingly difficult, with new data showing the rental vacancy rate has just hit a nine-year low.
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Celebrity Homes
Aubrey Plaza picks up a Spanish-style home in the Hollywood Hills
Parks and Recreation actress Aubrey Plaza has quietly spent US$4.7 million to move down the street - upgrading to a Spanish-style home in the Hollywood Hills.
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Real Estate News
Spotting and selling an Endeavour Foundation “prize home”
RE/MAX First Caloundra principal Karl Rademeyer knows what it takes to spot a “prize home”, having sold three properties to charity the Endeavour Foundation as a part of their annual home lottery giveaway.
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