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INDUSTRY NEWS
First home buyers exceed their budget to get on the property ladder
Record high home prices and underquoting are forcing first home buyers to pay more than they expected with 37 per cent exceeding their budget.
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INDUSTRY NEWS
Home prices falling in 40 per cent of markets
Declining property prices have gathered steam with 40 per cent of house and unit markets falling in the past three months.
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Celebrity Homes
Leonardo DiCaprio lists posh Beverly Hills mansion for rent
Titanic star Leonardo DiCaprio has put one of his LA mansions on the rental market with an eye-watering price tag of US$32,500 per month.
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INDUSTRY NEWS
Office occupancy levels hold steady in June
Workers returning to CBD offices has slowed down last month, as the impacts of floods, the flu season and interruptions to rail networks forced people to stay home.
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INDUSTRY NEWS
Prospective Perth tenants lose thousands in rental scams
Scammers have targeted prospective tenants in Perth, with two unsuspecting victims losing $23,500.
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Celebrity Homes
Sofia Richie and Elliot Grainge pay $27 million for elegant Brentwood Park Estate
Sofia Richie and her fiancée Elliot Grainge have picked up a traditional-style LA mansion for US$26.9 million.
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Celebrity Homes
Ozzy, Sharon Osbourne list $18 million Hancock Park mansion
Black Sabbath rocker Ozzy Osbourne and his wife Sharon are moving back to their native UK and have listed their main LA residence for US$18 million.
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INDUSTRY NEWS
Property market records busiest start to winter in a decade
The Australian property market has started winter strongly, with new listing volumes reaching the highest June level in more than a decade.
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INDUSTRY NEWS
Rents surge by a record 12 per cent across the capitals
Australia's rental crisis has deepened with tight vacancy rates contributing to a record 12 per cent jump in house rents over the past year.
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Celebrity Homes
Mike Cannon-Brookes buys Dunk Island
Australian billionaire Mike Cannon-Brookes and his wife Annie have purchased one of Queensland's best-known properties, picking up Dunk Island for $23.65 million.
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Celebrity Homes
Bruce Willis’ former tropical getaway on the market
The former tropical estate of retired movie star Bruce Willis is back on the market for US$37.5 million.
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INDUSTRY NEWS
Rent.com.au partners with Origin Energy
Rent.com.au has entered into a new partnership with electricity giant Origin Energy to offer electricity and gas services to Rent.com.au customers.
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COMMERCIAL
Retail customers ‘flock back’ to in-person shopping
After a surge in online retail sales, customers have begun to “flock back” to in-person shopping, with experts suggesting bricks and mortar stores are far from dead.
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FEATURE INTERVIEWS
Haesley Cush and Matt Lancashire: how to create a successful partnership
For years, real estate was largely considered an industry where, if you wanted to succeed, you flew solo. But in more recent times, some of the top-performing businesses have turned that model on its head and have not just succeeded, but soared, with a partnership model.
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INDUSTRY NEWS
Perth sales activity jumps 20 per cent
Real estate sales activity in Perth surged 19.8 per cent during the 2021-22 financial year, according to the latest data from the Real Estate Institute of WA (REIWA).
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COMMERCIAL
Australian cities top the list for green commercial real estate
Sydney, Perth, and Melbourne have been named in the top five green-rated cities for commercial real estate.
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INDUSTRY NEWS
The Perth suburbs where houses sell in just 7 days
Perth’s property market is still experiencing a “high level of buyer demand” with a number of suburbs selling in record time.
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Celebrity Homes
Janet Jackson selling her Central Park apartment
After a quarter of a century of ownership, singer Janet Jackson is selling her Central Park apartment for US$8.995 million.
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INDUSTRY NEWS
REIQ concerned about “heavy-handed” changes to rental laws
The Real Estate Institute of Queensland (REIQ) fears investors may "tap out" and sell their rental properties as a result of legislation changes due to take effect from October 1.
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Celebrity Homes
Amy Schumer buys historic Brooklyn townhouse
After recently listing her Manhattan penthouse for US$15 million, comedian Amy Schumer is eyeing a move to Brooklyn, reportedly purchasing a 200-Year-Old Townhouse for US$11 million.
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Celebrity Homes
Drake Sells His Hidden Hills ‘Yolo Estate’
Rapper Drake has successfully offloaded the last of his three homes that made up his sprawling Hidden Hills compound for US$11.3 million.
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INDUSTRY NEWS
Over 90 per cent of experts tip interest rates to rise in July
There’s likely to be more pain ahead for borrowers, with 91 per cent of experts tipping the official cash rate to rise tomorrow, according to a new survey.
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INDUSTRY NEWS
Mining towns back in vogue as yields hit 10 per cent
The resurgence of mining towns is back as investors again look at the potential for high capital growth and high yields.
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Celebrity Homes
Johnny Cash’s quiet California home hits the market
The California home once designed and built by The Man in Black is on the market for US$1.795 million.
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INDUSTRY NEWS
Rising rates putting pressure on home prices
Brisbane property prices have fallen for the first time since April 2020, with rising interest rates dampening buyers' enthusiasm for purchasing.
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INDUSTRY NEWS
Why sustainable homes sell faster
When given a choice, two-thirds of home buyers prefer energy-efficient homes according to new research from Domain.
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INDUSTRY NEWS
Nearly 13 per cent of first home buyers are considering purchasing interstate
With property prices rising faster than buyers can save, one in eight first home buyers have said they are considering purchasing a home in another state to help them get on the property ladder.
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INDUSTRY NEWS
A quarter of homes sold for more than $1 million
Almost one-quarter of all homes sold in the past 12 months have been worth more than $1 million dollars
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INDUSTRY NEWS
Gold Coast developer accepts crypto as deposit on luxury apartments
A Gold Coast property developer is accepting Bitcoin as a deposit for their latest luxury apartment development.
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Celebrity Homes
Kate Mara and Jamie Bell list their secluded Los Feliz home
Married actors Kate Mara and Jamie Bell have listed their private retreat in the hills of Los Feliz for US$3.2 million.
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Celebrity Homes
Kristen Wiig buys charming Pasadena Georgian home
Having recently sold her Passena property, actress Kristen Wiig has decided to purchase a new Georgian home just a few blocks down the street.
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INDUSTRY NEWS
Melbourne named Australia’s most liveable city
Melbourne has been named Australia’s most liveable city and number 10 in the world, while other state capitals have tumbled down the rankings.
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INDUSTRY NEWS
ANZ and Westpac lift fixed rates again
ANZ and Westpac have again hiked the interest rate on their fixed rate loan products.
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INDUSTRY NEWS
Mortgage holders to ‘grit their teeth’ and absorb interest rate hikes
As interest rates look set to keep on rising, over five million Australians are likely to be impacted by the higher cost of living and could experience mortgage stress, according to data.
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Celebrity Homes
Aussie supermodel Kristy Hinze Clark sells Florida home for $251 million
Australian supermodel Kristy Hinze Clark and her husband, Netscape founder Jim Clark have sold their Folirda home for a record-setting $251 million.
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