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INDUSTRY NEWS
Perth property continues to grow in value in 2022
Perth has so far been able to buck the slowing property market in 2022, with 29 suburbs seeing double-digit growth.
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INDUSTRY NEWS
Are rent controls the right way to go?
Real estate bodies have labeled calls to freeze rents and cap increases out of touch with reality, fearing it could exacerbate the nation's rental shortage.
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Celebrity Homes
Top 5 celebrity homes in 2022 (so far)
This year has been a busy one for celebrity property purchases, with eye-watering prices paid for many of the world’s most exclusive homes.
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Celebrity Homes
Gilmore Girls star Lauren Graham sells her historic LA estate
Gilmore Girls star Lauren Graham has sold her long-time LA home and purchased another property just around the corner, which Pretty Little Liars actress Ashley Benson once owned.
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INDUSTRY NEWS
The long-term trend in property prices is “undeniably upwards”
Despite weakness in home values as interest rates rise, new data suggests the trend over the past 30 years has clearly been upwards.
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INDUSTRY NEWS
Buyer demand is down ahead of the spring selling season
Buyer demand is slightly lower than average in many areas as the spring selling season approaches.
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Celebrity Homes
Jeans mogul Maurice Marciano lists his $28 million Beverley Hills mansion
Maurice Marciano co-founder of the iconic clothing brand Guess?, has listed his luxury home in Beverly Hills for US$27.5 million.
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INDUSTRY NEWS
Queensland property prices begin to slow down
Queensland's rampant property price growth of the past few years has finally started to slow down.
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Celebrity Homes
Dr Seuss’ La Jolla compound hits the market
The home of famed children’s author, Dr Seuss is on the market for the first time in 70 years and comes with an eye-watering asking price of US$18.9 million.
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INDUSTRY NEWS
New Zealand the “canary in the coal mine” for Australian property
Australian homeowners can look to New Zealand’s property market as the “canary in the coal mine” to determine what kind of impact rate hikes might have on prices, according to experts.
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INDUSTRY NEWS
Hope for NZ home buyers as housing affordability reaches a “turning point”
Housing affordability across New Zealand has reached a “turning point” as falling house prices and growing wages start to benefit buyers.
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Celebrity Homes
Mario Lopez lists his historic LA home
Access Hollywood host Mario Lopez has listed his longtime Glendale home after upgrading to a more expensive LA mansion.
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COMMERCIAL
Retail property still trying to recover: HTW
The retail sector has had a difficult few years and now faces the headwinds of high inflation according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Vacant land sales activity continues to slow down: HTW
Vacant land sales continue to slow down across the country following a period of record high demand according to the latest Herron Todd White (HTW) Month in Review.
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COMMERCIAL
Demand for hotel assets increase as travel returns and occupancy levels rise
A rapid increase in domestic and international travel has pushed hotel occupancy rates up sharply and increased demand for hotel assets.
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Celebrity Homes
Harvey Specter’s luxury penthouse for sale in Toronto
The penthouse of high-flying New York attorney Harvey Spectre from the hit TV show Suits is on the market.
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INDUSTRY NEWS
Current US housing downturn not like pre-GFC
The current downturn in the US housing market might not be as severe as the 2007-2008 crash that led to the Global Financial Crisis.
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INDUSTRY NEWS
Is now a good time to buy a property?
Despite falling home prices and the prospect of a higher cash rate, now might still be the right time to buy, according to an expert.
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INDUSTRY NEWS
The fastest-selling suburbs across the country
Camden, in Sydney's southwest, is the nation's fastest-selling suburb, with three-bedroom houses snapped up after an average 14 days on market.
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Celebrity Homes
Mark Wahlberg drops $15 million for exclusive land in Las Vegas
Twice Oscar-nominated actor Mark Wahlberg has spent US$15.6 million for a 2.5-acre piece of land inside the guarded gates of the ultra-exclusive Summit Club in the upscale master-planned community of Summerlin.
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INDUSTRY NEWS
Real estate developer builds voice-activated homes in Ghana
A real estate developer in Ghana has taken on the task of building a community of futuristic homes to help enhance the local neighbourhood.
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INDUSTRY NEWS
Property upswings trump downturns over the past 30 years
Upswings in Australian property have been larger and longer than the subsequent downturns where prices slightly decline or just flatline according to new research.
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INDUSTRY NEWS
One in five ACT landlords plan to sell if rental changes come in
Proposed changes to the Residential Tenancies Act in the ACT could lead to one in five investors selling their rental property.
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INDUSTRY NEWS
China crisis wipes out $90 billion from developers
Chinese property developers have seen the value of their stocks fall by US$90 billion as the China crisis worsens.
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COMMERCIAL
Lendlease is making a $350 million play for a famous Perth skyscraper
Lendlease is targeting a famous Perth skyscraper developed in the 1980s by infamous WA entrepreneur Alan Bond.
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INDUSTRY NEWS
WeWork founder looking to take on housing availability
Founder of shared office space provider, WeWork, Adam Neumann is looking to take on the issue of housing affordability in the US with a new startup.
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Celebrity Homes
Larry Ellison lists Palm Beach mansion for $145 Million
Billionaire Oracle co-founder Larry Ellison is selling one of his many million-dollar homes, listing Seminole Beach estate for US$145 million.
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INDUSTRY NEWS
Home builders to weather the interest rate storm
Home builders are well positioned to handle higher interest rates, believing the events of the past two years have been more difficult to contend with.
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INDUSTRY NEWS
The value of new loans fell 4.4 per cent in June
The value of new home loans across Australia has fallen 4.4 per cent last month, continuing to soften from the peak of $33.2 billion in January.
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Celebrity Homes
Rihanna takes a loss on her modern Hollywood Hills villa
Singer Rihanna hasn’t been able to capitalise on the strong US real estate market over the past few years, taking a loss on the recent sale of her Hollywood Hills villa.
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INDUSTRY NEWS
Regional prestige lifestyle areas the first to show weakness
Rampant house price growth in regional lifestyle areas, previously fuelled by Covid lockdowns, has started to turn, with the prestige market falling first.
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INDUSTRY NEWS
The areas where property price growth is still occurring
Despite property values starting to fall in the larger capital cities, there are still multiple locations around the country that are likely to still see price growth according to an expert.
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INDUSTRY NEWS
Cold, unhealthy rental homes don’t meet international standards
Australian renters are being forced to live in cold, unhealthy homes that aren’t meeting international standards on indoor temperatures according to a new report.
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Celebrity Homes
Record breaking US home back on the market
A Beverly Park estate, situated in the most exclusive part of Beverly Hills, California, is headed to auction with an asking price of nearly US$80 million.
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INDUSTRY NEWS
Profitable resales start to fall across New Zealand
Profitable resales across New Zealand have started to fall as interest rates rise and a surge in listings weighs on the property market.
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