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INDUSTRY NEWS
Melbourne’s median house price drops below $1 million
Melbourne house prices have slipped back under $1 million, creating an opportunity for buyers.
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INDUSTRY NEWS
Record low share of rentals below $400 per week
Tight rental markets are putting extra pressure on low-income renters as the share of rental properties listed below $400 per week has hit a record low.
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Celebrity Homes
Zendaya buys her father a California dream house
Spider-Man actress Zendaya has purchased a house for her father on the outskirts of Los Angeles, in the San Fernando Valley.
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INDUSTRY NEWS
Renewable energy plants could boost property prices
Building renewable energy plants could help increase the value of nearby property prices, according to a new report.
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FEATURE INTERVIEWS
Ryan Suhle: How to kick start your career by focussing on productive hours
Young gun Ryan Suhle is still in his first few years of real estate but has already hit Chairman’s Elite status after doing 220 deals last year and is now the top agent at Ray White North Lakes.
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INDUSTRY NEWS
Borrowers “scrambling” to refinance in record numbers
Rapidly rising interest rates and higher living costs are pushing record numbers of borrowers to refinance their home loans.
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Celebrity Homes
Selling Sunset star Emma Hernan picks up another LA home
Selling Sunset star Emma Hernan and her onetime fiancée Peter Cornell, have teamed up to grab a bargain on a Hamptons-esque house in the Hollywood Hills.
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INDUSTRY NEWS
Joe White elected new REIWA President
REIWA has elected Joe White as the institute's new President, after serving two years as Deputy President.
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INDUSTRY NEWS
Rents hit record highs again as units outpace houses
Rents have hit record highs across the country again, with unit rents rising much faster than houses.
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INDUSTRY NEWS
New listings 15 per cent below the long-term average
Despite rising interest rates and falling prices, homeowners are not rushing to sell.
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Celebrity Homes
Billionaire media mogul Byron Allen picks up $100 million estate
Chairman and CEO of Allen Media Group/Entertainment Studios, Byron Allen has paid a record-setting price for a lavish Malibu vacation home.
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INDUSTRY NEWS
Slower start to spring for new listings but what’s to blame?
The extra public holidays in late September have contributed to a slow start to spring for sellers, with new listings 7.5 per lower than the prior month.
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INDUSTRY NEWS
Former Bathurst winner Lee Holdsworth transitions to commercial real estate
After winning the Bathurst 1000 in 2021 and starting on the front row in 2022, Supercars veteran Lee Holdsworth is getting ready to step away from racing and take up a new career in commercial real estate.
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Celebrity Homes
‘Issues’ singer Julia Michaels buys LA Mansion
Grammy-nominated singer-songwriter Julia Michaels is expanding her already large property portfolio, having picked up an LA Mansion in the San Fernando Valley community of Encino.
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INDUSTRY NEWS
Housing market passes ‘peak fear’ phase
Australian property markets have passed their “peak fear” phase and are expected to bottom out in the new year according to an expert.
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Celebrity Homes
Adam Sandler picks up a $4.1 million knockdown
Funnyman Adam Sandler continues to expand his already impressive property portfolio, adding a traditional ranch-style house in the Pacific Palisades neighbourhood of Los Angeles for US$4.1 million.
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INDUSTRY NEWS
Consumers start to cut spending as rates rise
Rising interest rates and high inflation, are starting to hit the hip pockets of consumers with new data showing people are cutting back on their spending.
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FEATURE INTERVIEWS
Make mine a double: Charlie Fenton
Charlie Fenton has seen a few pubs in his 63 years. He's drank in them, run them, owned them and now the RE/MAX Xtra commercial hospitality specialist sells them.
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Real Estate News
No end in sight for rising construction costs
There’s still no relief in sight for builders with construction costs continuing to rise at a record rate.
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Real Estate News
House price falls to continue into 2023: NAB
There’s likely more property price declines ahead with values to continue decreasing in 2023, according to the National Australia Bank.
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INDUSTRY NEWS
Rundown Sydney home in need of $500,000 in repairs hits the market
A rundown Sydney home that needs upward of $500,000 in repairs is attracting plenty of interest from potential buyers.
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Celebrity Homes
Sandra Bullock selling her San Diego estate
Miss Congeniality star, Sandra Bullock is looking to offload her mammoth 91-acre San Diego compound for US$6 million.
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INDUSTRY NEWS
Further rate rises likely in New Zealand: CoreLogic
Rising inflation in New Zealand will likely mean more interest rate rises ahead according to CoreLogic. CoreLogic NZ Chief Property Economist Kelvin Davidson said the fact that inflation had not yet slowed down and that the Reserve Bank of New Zealand considered the case for a 0.75 per cent rise should indicate further tightening ahead. “The past few weeks have…
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INDUSTRY NEWS
Rising interest rates lead to a surge in refinancing
Homeowners are refinancing their mortgages at record levels as the impact of rising interest rates start to take hold.
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Real Estate News
Elvis Presley’s honeymoon house hits the market
At the height of his fame in the 1960s, singer Elvis Presley chose to stay at futuristic Palm Springs property, dubbed, “the house of tomorrow” for his wedding and honeymoon.
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INDUSTRY NEWS
Affordability continues to cause problems for first home buyers
The surge in home prices over the past few years continues to make it more difficult for first home buyers to get into the market. Finder’s First Home Buyers Report 2022 has shown that those people currently looking to buy rated affordability as their top factor in selecting a home, followed by access to public transport, proximity to shops, and…
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Celebrity Homes
Elton John purchases luxury Toronto penthouse
Rocket Man Elton John has added to his already impressive property portfolio, picking up the penthouse in the King Toronto development in downtown Toronto.
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INDUSTRY NEWS
Perth rental stock hits the lowest level in 12 years
Perth rental volumes continue to plummet, with new data showing the number of available properties has reached a 12-year low.
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INDUSTRY NEWS
Lending to build new homes slows down
Rising interest rates continue to weigh on housing finance, with new data from the Australian Bureau of Statistics showing a decline in August.
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Celebrity Homes
Tommy Lee relists his Los Angeles home
Rock-n-roll icon Tommy Lee is once again attempting to offload his Los Angels home and looking at taking a substantial loss in the process.
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Real Estate News
Major banks to pass on full RBA rate hikes
Australia’s big four banks have been quick to pass on the Reserve Bank of Australia’s 25 basis point rate hike in full to their variable mortgage customers.
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INDUSTRY NEWS
Regional property values set to benefit from the renewable energy boom
Australia’s focus on renewable energy will see a number of regional property markets across the east coast benefit from rising prices and long-term capital growth.
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Celebrity Homes
Larry David wins bidding war for a Montecito estate
Curb Your Enthusiasm creator Larry David has acquired a Montecito home in a bidding war, paying US$7.6 million, which was US$600,000 over the asking price.
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INDUSTRY NEWS
New QLD rental laws for pets to come into play
Queensland's new rental laws have come into effect, with property owners no longer able to set a 'no-pet policy' unless certain criteria are met.
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Celebrity Homes
Imagine Dragons’ frontman buys mid-century home in Los Feliz
Lead singer of Grammy-winning rock band Imagine Dragons, Dan Reynolds has quietly picked up an extensively renovated 1950s home in Los Feliz for US$5.8 million.
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