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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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Features
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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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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