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INDUSTRY NEWS
Regional NSW and QLD desperate for more rental stock
Several regional areas across NSW and QLD are facing a dramatic undersupply of rental properties as falling vacancy rates and rising rents put pressure on low-income earners.
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INDUSTRY NEWS
Homeownership increasingly “out of reach” as average deposit hits $120,000
The surge in property prices has seen the hurdle to get into the property market get even higher with the average first home buyer deposit hitting $119,560.
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COMMERCIAL
Investor interest in unit blocks on the rise
Despite some weakness in property markets, unit blocks continue to see a strong level of competition from investors on the hunt for assets that can market conditions.
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Celebrity Homes
Mauricio Umansky and Kyle Richards list Aspen retreat
Luxury real estate broker Mauricio Umansky and his Real Housewives of Beverly Hills wife Kyle Richards have officially opted to offload their Aspen Retreat after nearly six years of ownership.
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INDUSTRY NEWS
Prices rose 40 per cent in NSW as growth slows
Home prices in New South Wales are finally starting to slow after a record run of growth that saw values surge 40 per cent between June 2020 and March 2022.
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INDUSTRY NEWS
The number of homes cheaper to buy than rent has plummeted this year
Record home price increases combined with rising interest rates have made more homes cheaper to rent than buy.
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INTERNATIONAL
Jonah Hill pays $15 million for second Malibu home
Moneyball star Jonah Hill is growing his portfolio of Malibu homes, shelling out US$15.5 million for a beachside estate with picturesque ocean views.
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COMMERCIAL
National office markets bounce back faster than expected: HTW
The national office market is continuing to bounce back from the pandemic faster than anticipated according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Profitable resales drop for the first time in 18 months but buyer demand is still solid
The rate of profit-making resales across the Australian property market has fallen for the first time since August 2020, indicating conditions have reached a turning point.
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INDUSTRY NEWS
The Sydney and Melbourne suburbs to defy the downturn
A number of suburbs across Sydney and Melbourne are expected to fare better than others as property price growth eases according to new research.
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Celebrity Homes
Sam Newman’s infamous Pamela Anderson house hits the market
The controversial St Kilda house Sam Newman built featuring Pamela Anderson's face is on the market with an asking price of between $2.3 million and $2.4 million.
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INDUSTRY NEWS
Fallout from rising rates to be less dramatic than predicted: HTW
Rising interest rates are likely to slow down property markets but the fallout will be far less dramatic than most commentators predict according to the latest Herron Todd White (HTW) Month in Review.
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Real Estate News
Stamp duty putting a huge financial burden on NSW homebuyers
Stamp duty is rising at a faster rate than wages and house prices in NSW, causing homeowners to stay in properties that aren’t suited to their needs.
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Celebrity Homes
Hugh Jackman lists his enormous New York triplex
Aussie good guy and X-Men star Hugh Jackman has put his three-storey Manhattan apartment with “staggering” views on the market for a cool US$38.9 million.
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Real Estate News
NSW Government pledges $20 million to increase women in construction
The NSW Government has announced an investment of $20 million over the next three years to help increase the number of women working in construction-related roles.
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Celebrity Homes
Inside Britney’s Thousand Oaks mansion
A lot has happened in the life of pop star Britney Spears since she first purchased her Thousand Oaks mansion back in 2015 for US$7.5million.
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Real Estate News
Tight Perth rental market needs more investors
Perth’s low vacancy rate has left 12 suburbs across the city with just one property available for rent.
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INDUSTRY NEWS
Cash buyers on the rise across New Zealand
Cash buyers who own multiple properties are on the rise across New Zealand according to new data from CoreLogic.
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INDUSTRY NEWS
House prices continue to rise as other dwelling values slow down
Australian house prices recorded another increase over the March quarter, while other dwelling types saw price growth slow down.
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COMMERCIAL
Suburban centres and satellite office locations on the rise
Workers who have become comfortable working from home are leading businesses to adopt more flexible working arrangements on a permanent basis according to experts.
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INDUSTRY NEWS
NSW to phase out stamp duty and bring in land tax
NSW is set to move forward with plans to phase out stamp duty and introduce a land tax as a part of the upcoming pre-election budget. But real estate industry experts aren’t so sure the plan will benefit homebuyers. According to the Sydney Morning Herald, NSW Premier Dominic Perrottet will look to embark on significant reforms that will allow some…
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Celebrity Homes
William and Kate are moving house
Prince William is moving his family to Adelaide Cottage on the Windsor estate to be closer to to the Queen, who has been struggling with mobility problems.
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Celebrity Homes
Ariana Grande buys Cameron Diaz’s ‘spare house’
Singer Ariana Grande has quietly picked up a Hollywood Hills home from retired movie star Cameron Diaz for US$4.9 million.
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INDUSTRY NEWS
Aussie homes worth a record $10 trillion
The total value of the nation’s residential property increased by $221.2 billion in the March 2022 quarter, bringing the value of Australian real estate to a record-high $10.2 trillion, according to the Australian Bureau of Statistics (ABS).
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Celebrity Homes
Lily Collins buys Kristen Wiig’s Pasadena house
Actress Lily Collins, best known for the film Emily in Paris has quietly acquired the former home of actress and comedian Kristen Wiig in an off-market deal.
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INDUSTRY NEWS
Sydney vacancy rate hits 5-year low
The vacancy rate across Sydney has plummeted to a five-year low, putting the city on the verge of a rental crisis, according to the Real Estate Institute of New South Wales (REINSW).
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Celebrity Homes
Kristen Stewart sells Malibu getaway for $8.3 million
Twilight star Kristen Stewart is looking to downsize her hefty property portfolio starting with the sale of her Malibu getaway for US$8.3 million.
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INDUSTRY NEWS
New listings rebound after a quiet April
The number of new listings across the country continues to rise, jumping 12 per cent across the capital cities compared to last month according to PropTrack.
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FEATURE INTERVIEWS
Shaun Stoker: Do auctions work in a cooling market?
While most agents understand the value of auctions when markets are hot, the auction process can also be a powerful sales method when markets begin to cool down.
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INDUSTRY NEWS
Homeowners and renters facing record levels of financial stress
Financial stress has reached record levels across Australia as homeowners and renters struggle to keep up with the ever-increasing cost of housing as interest rate rises start to bite.
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COMMERCIAL
Commercial service station sector still growing despite EV push
Growth in investment in commercial service stations was elevated in 2021, despite Government attempts to encourage electronic vehicles (EV).
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Celebrity Homes
Neil Patrick Harris sells Harlem home for record $7.1 million
Neil Patrick Harris, best known for his roles as Doogie Howser MD and more recently Barney Stinson on How I Met Your Mother has sold his Harlem home for a record US$7.1 million.
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INDUSTRY NEWS
Growth across capital cities slowing at
record paceThe annual rate of price growth across Australia's capital cities is slowing at the fastest rate since 1989.
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INDUSTRY NEWS
Buyers and renters continue to struggle with housing affordability
Housing affordability has continued to fall with more pain ahead according to the Real Estate Institute of Australia (REIA).
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WEIRD AND WONDERFUL
Top 10 classic Hollywood real estate agents
With the rise of TV shows like Million Dollar Listing, real estate agents are now being thrust into the limelight in leading roles.
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