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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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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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