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INDUSTRY NEWS
Big banks tip cash rate to hit 3 per cent
On the back of the latest Reserve Bank of Australia (RBA) cash rate hike, Australia’s major banks are now expecting more pain ahead for borrowers, with another hike of between 0.25 and 0.5 per cent predicted next month.
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Celebrity Homes
Mick Doohan’s luxury Gold Coast estate gaining worldwide attention
Motorcycle world champion Mick Doohan is officially selling his famous Gold Coast estate, which has housed celebrity guests including Brad Pitt and Johnny Depp.
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INDUSTRY NEWS
A scroll through Melbourne’s most popular streets
Outer suburb Melbourne McMansions have dominated Victoria’s buyer interest over the last three years according to realestate.com.au.
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INDUSTRY NEWS
International buyers return to luxury property markets
With travel restrictions continuing to ease by the day, international buyers have returned to hunting for luxury property in many of the world's most exclusive markets.
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INDUSTRY NEWS
Rising rates to continue to weigh on property markets: RBA
Rising borrowing costs will likely see property prices fall, however, the magnitude and timing is unclear according to the RBA.
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Celebrity Homes
Carey Mulligan and Marcus Mumford buy LA hills estate
Carey Mulligan and her longtime husband Marcus Mumford have added to their substantial property portfolio, picking up a Hacienda-style estate in the Los Angeles hills.
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INDUSTRY NEWS
Building high-quality housing doesn’t make older properties more affordable
Filtering, the process of building new high-quality homes for higher income earners, doesn’t necessarily make older homes more affordable according to new research.
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INDUSTRY NEWS
Property values fall in 80 per cent of New Zealand suburbs
Property prices across New Zealand continue to soften with values down in more than 80 per cent of suburbs according to new data.
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Celebrity Homes
Mariah Carey flips Georgia estate back onto the market
Singer Mariah Carey appears to be packing up and leaving Georgia after just nine months and is putting her Colonial-style mansion back on the market in the process.
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FEATURE INTERVIEWS
Gavin Staindl: How to succeed in real estate by being yourself
Gavin Staindl is well known in real estate circles, not just for selling over 160 homes last year, but for being himself and shying away from the typical agent persona.
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INDUSTRY NEWS
Busiest winter for new listings in five years
Listings are beginning to pick up across the country, ahead of the typically busy spring season.
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INDUSTRY NEWS
Sydney’s Annandale Abbey back on the market for $15 million
One of Australia’s finest heritage homes, Annandale Abbey, is back on the market for $15 million.
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INDUSTRY NEWS
Andreessen Horowitz officially invests in real estate startup Flow
Venture capital firm Andreessen Horowitz has officially taken a stake in Flow, the real estate startup founded by WeWork’s Adam Neumann.
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Celebrity Homes
Adele puts Nicole Richie’s former Beverly Hills home up for sale
English songstress, Adele is looking to offload one of her Beverly Hills homes that she only recently pickup up from good friend Nicole Richie.
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INDUSTRY NEWS
Sydney’s top-performing suburbs over the past year
Despite property prices trending lower across Sydney, there are still a number of suburbs that continue to perform strongly according to new analysis.
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COMMERCIAL
“Tax grab” could see investors leave the Queensland market
The Queensland government’s “tax grab” could see residential property investors exit the market and put pressure on small businesses according to an expert.
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Celebrity Homes
Melissa McCarthy buys Little Italy penthouse
Bridesmaids star Melissa McCarthy has purchased a Manhattan penthouse that was last listed for US$7.35 million.
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INDUSTRY NEWS
Brisbane’s rental crisis putting vulnerable renters at risk
The rental crisis in Brisbane is leaving many vulnerable and low-income earners at risk of homelessness according to an expert.
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INDUSTRY NEWS
Big banks increase mortgage rates again
All four major banks have passed on the full 50 basis point interest rate increase, while once again savers have missed out.
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Celebrity Homes
Oprah Sells $14 million Montecito estate to Jennifer Aniston
Oprah Winfrey is cashing out of Montecito, selling her large ocean and mountain view estate in two separate transactions for approximately US$17 million.
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INDUSTRY NEWS
Fixed-rate mortgage bomb set to go off
Thousands of borrowers on fixed-interest home loans are facing an interest rate “cliff” and could be plunged into mortgage stress by the end of the year.
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INDUSTRY NEWS
$8 million double apartment sale in The Horizon breaks records
A double apartment in Sydney’s The Horizon tower has sold for a record-setting $8 million.
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Celebrity Homes
John Francis Daley and Corinne Kingsbury selling their luxury LA villa
Actor, writer and producer John Francis Daley and his writer wife Corinne Kingsbury are selling their luxury villa above LA’s Encino community for nearly US$6 million.
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INDUSTRY NEWS
Trading up is getting easier in New Zealand
Upgrading your home is gradually getting easier across New Zealand, with new data showing the premium to trade-up is on the decline.
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INDUSTRY NEWS
Risky lending falls as tough APRA rules kick in
The value of risky mortgages continues to fall after tough new rules from the Australian Prudential Regulation Authority (APRA) start to take hold.
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INDUSTRY NEWS
A unique spring selling season on the horizon
Despite the arrival of the spring season, sales activity is expected to be a little different this year as mortgage rates, weak consumer sentiment and stretched household budgets begin to bite.
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Celebrity Homes
Kim Kardashian relists her Calabasas condo
For the second time in three years, reality star Kim Kardashian has listed her bespoke Calabasas condo with the same asking price of US$3.5 million.
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INDUSTRY NEWS
Mortgage anxiety rises as the RBA continues to hike the cash rate
Rapidly rising mortgage rates could leave borrowers in serious financial trouble with new research finding two-thirds of homeowners may default as a result of the increased cash rate.
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Real Estate News
Australia’s largest landowners buy NT cattle station for $70 million
Australia’s largest private landowners, pastoralists Donny and Colleen Costello, have expanded their cattle station empire to more than 9.2 million hectares, after acquiring Mount Doreen Station in the Northern Territory for $70 million.
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INDUSTRY NEWS
Brighton penthouse smashes the suburb’s price record
A new designer penthouse in Melbourne has set a suburb price record by millions of dollars.
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INDUSTRY NEWS
Affordable suburbs you can invest in now across Australia
Despite the recent boom in property prices across the country, there are still plenty of affordable options in our major capital cities according to an expert.
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Celebrity Homes
Inside the ‘Real Housewives ultimate girls trip’ Bahamas home
The Real Housewives are known for their life of luxury, however, during their recent girls' trip to the Bahamas, it was their US$30 million holiday home that grabbed all the attention.
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INDUSTRY NEWS
CBA cuts variable rates again for new customers
The big banks continue to cut their variable rates for new customers, in a bid to win more business.
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INDUSTRY NEWS
“Rough” conditions for renters continue in August
Pressure on renters continued last month, with vacancy rates for apartments and houses at extremely low levels while asking rents kept rising.
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COMMERCIAL
Overseas investors vying for Sydney’s Tech Central
Overseas investors are among the front runners vying for a slice of Sydney’s new big-ticket technology precincts.
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