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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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INDUSTRY NEWS
Australia is the 13th strongest property market in the world
A number of Australia’s major cities have featured in the global list of best-performing housing markets over the past 12 months.
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Celebrity Homes
Ryan Serhant is expanding to South Florida with a $100 million listing
New York’s powerhouse real estate agent Ryan Serhant is expanding into South Florida with his first listing, priced at US$100 million.
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INDUSTRY NEWS
Rents and mortgage repayments to keep rising
Rents and mortgage repayments are expected to continue to rise over the next 12 months, putting more pressure on households already struggling with the high cost of living.
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Celebrity Homes
Pink and Carey Hart look to sell their Malibu home
Mega-selling pop-rock veteran Pink is looking to offload her Malibu home having owned it for less than a year.
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INDUSTRY NEWS
Lenders have been quick to pass on interest rate hikes
Following the first cash rate hike in over a decade, lenders have been quick to pass on the rate rise to borrowers, with 95 per cent of lenders raising interest rates 0.25 per cent according to Canstar.
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INDUSTRY NEWS
Queensland property market defying the downturn
he Queensland property market is still experiencing 'healthy growth' and is continuing to defy the downturn seen elsewhere, according to the Real Estate Institute of Queensland (REIQ).
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INDUSTRY NEWS
Perth prices rise as the market outperforms Sydney and Melbourne
Home prices across Perth have continued their rise, increasing 0.6 per cent in May according to new data from CoreLogic.
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INDUSTRY NEWS
Barellan Point is Australia’s top family housing market
Barellan Point in regional Queensland has been named the top housing market for families according to new research.
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WEIRD AND WONDERFUL
Surry Hills is the world’s 11th most Instagrammable neighbourhood
The inner-city Sydney hotspot of Surry Hills has been named Australia's most Instagramable location, highlighting just how popular the trendy urban playground really is.
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Celebrity Homes
Terry Crews buys Reginald Johnson-designed Pasadena estate
Brooklyn Nine-Nine star Terry Crews has finally purchased his own home, nearly 20 years after selling off the original property he purchased when he moved to LA.
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INDUSTRY NEWS
Dubbo Council looking to undertake 3D house printing trial
The Dubbo Regional Council is moving forward with a proposed trial of 3D printed houses to potentially help ease the lack of supply of homes in the region.
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INDUSTRY NEWS
Cash poor Australian households look to downsize
After two years where Australians were scrambling for larger homes, a new survey has found one in eight are now looking to downsize as higher living costs start to bite.
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Celebrity Homes
The house that inspired The Conjuring movies sells
The Rhode Island farmhouse made famous by the horror movie franchise The Conjuring has sold to a buyer who wants to use the property to help others “connect with spirits”. According to Inman, the home, which dates back to approximately 1736, sold for US$1.525 million – well above its US$1.2 million asking price. The one caveat with the sale of…
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INDUSTRY NEWS
Unprecedented demand for industrial property pushing up prices
Record demand for industrial space has continued to put upward pressure on rents and property values with the trend expected to continue.
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INDUSTRY NEWS
Widespread fall in New Zealand property prices continues
The downwards momentum in New Zealand residential real estate values continued throughout May with prices falling 0.8 per cent.
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INDUSTRY NEWS
Home prices fell in May as interest rates rose
Home prices across the country fell for the first time since the start of the pandemic just as homeowners saw the first RBA rate rise in over a decade.
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Celebrity Homes
Top Gun: Maverick star Jay Ellis picks up new million dollar home
Top Gun is back in cinemas and smashing box office records while one of the movie’s stars has already started making the most of his success buying a new US$4.5 million LA home.
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