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INDUSTRY NEWS
House prices grew at the fastest rate in 20 years
National house prices grew at 25.1 per cent in 2021, making it the fastest annual growth rate in 20 years, according to new data.
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Celebrity Homes
Kerry Washington’s former New York rental for sale
The luxury New York penthouse Scandal actress Kerry Washington used to rent has hit the market with the hefty price tag of US$25 million.
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INDUSTRY NEWS
Successive rate rises the biggest risk for homeowners
Successive interest rate increases from the RBA when they begin their tightening cycle could be the biggest issue for homeowners according to a leading expert.
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INDUSTRY NEWS
Australian house prices grow at the fastest rate in the world
Australia has taken top spot as the country with the highest rate of annual price growth in 2021.
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INDUSTRY NEWS
Property boom hasn’t helped owner-occupiers
Despite property prices rising at a rapid rate in the past two years, a leading economist said the house price boom hasn’t necessarily been a good thing for all owner-occupiers.
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Celebrity Homes
Elon Musk unloads his $130 million property portfolio
After declaring he would “own no house”, billionaire entrepreneur Elon Musk has made good on his promise and successfully unloaded his entire US$130 million property portfolio.
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INDUSTRY NEWS
The Australian suburbs facing a rental crisis
South Australia, NSW, and Tasmania contain the most suburbs desperate for more rental stock with many locations now seeing zero per cent vacancy rates, according to new research.
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FEATURE INTERVIEWS
Stefan Siciliano: Building a volume business
In just six years Stefan Siciliano has built his real estate career from selling 41 properties in his first year to being on track to do 180 settlements this year.
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INDUSTRY NEWS
More Aussies intend to buy a home
A boost in home-buying intentions and increased spending on transport post lockdown are behind an increase in the CommBank Household Spending Intentions (HSI) index.
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INDUSTRY NEWS
Perth’s median property price grows $325,000 in 20 years
The Perth property market has grown steadily over the last two decades with the median house price increasing by $325,000 in 20 years.
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INDUSTRY NEWS
NAB cuts its variable home loan interest rate
Tight competition between the big four banks has seen NAB cut its variable home loan interest rate by 0.1 per cent to 2.19 per cent, although the change is only for new owner-occupiers.
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INDUSTRY NEWS
Helping Indigenous tenants achieve a successful tenancy
The implementation of local Indigenous staff and creating connections with health and community services can help indigenous Australians have more successful tenancies, new research has found.
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INDUSTRY NEWS
Housing affordability stretching homeowners to the limit
It’s tougher than ever to afford a home with new data showing the proportion of income needed to pay off a mortgage has risen to 37 per cent.
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Real Estate News
Listings surge in busiest start to the year in almost a decade
Listing volumes across the country have surged, providing buyers relief from previously tight stock levels.
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COMMERCIAL
Office occupancy rates start to bounce back post-Omicron peak
After nearly two years of working from home, Australians are finally starting to head back to the office.
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INDUSTRY NEWS
Housing affordability stress ahead of the federal election
A social housing campaign group has called on the Federal Government to tackle Australia's growing affordable housing crisis, with a poll in the swing seat of Longman showing almost two-thirds of residents believe affording to buy or rent is excessively difficult.
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Celebrity Homes
Actor Matthew Morrison lands a buyer for his Hollywood Hills home
Glee star Matthew Morrison has tripled his money after securing a buyer for his renovated Hollywood Hills home.
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INDUSTRY NEWS
Sydney’s best performing suburbs doubled in value in 2021
Sydney house prices saw record gains in 2021 with certain suburbs doubling in value in 12 months according to new research.
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INDUSTRY NEWS
Call for property owners to release rental properties to help flood victims
REIQ and Q Shelter are urgently calling on Queensland property owners to turn their holiday rentals and vacant properties into long term rentals to help homeless flood victims.
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INDUSTRY NEWS
Russian-Ukraine crisis to hit housing affordability
The conflict between Russia and Ukraine will hit Australians in the hip pocket which could weigh on housing affordability.
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Celebrity Homes
Schitt’s Creek star Emily Hampshire scores two-house LA compound
Schitt’s Creek Star Emily Hampshire, best known for her portrayal of Stevie Budd on the hit Canadian show, has just bought two side-by-side homes in LA for US$2.7 million.
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INDUSTRY NEWS
Australia’s most affordable housing markets close to the CBD
South Australia and Western Australia have the most affordable suburbs close to their respective CBDs, according to new research.
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Celebrity Homes
Reese Witherspoon flips her renovated Los Angeles estate
Oscar-winning actress, Reese Witherspoon is looking to make a tidy profit on her luxury LA home after listing the newly-renovated property for US$25 million.
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INDUSTRY NEWS
Byron Bay luxury property forecast to grow 35 per cent by 2027
The huge increase in demand for luxury homes by ultra-high-net-worth individuals (UHNWI) could see prices in Byron Bay continue to surge higher.
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INDUSTRY NEWS
REISA launches Future Leaders Taskforce
The Real Estate Institute of South Australia is looking to empower the next generation of real estate professionals with the launch of its new Future Leaders Taskforce.
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FLOOD RESOURCES
Flood-affected housing markets could take years to recover
Property prices in flood ravaged East Coast markets could take years to recover according to new analysis.
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INDUSTRY NEWS
Investor loans hit a record high as affordability pressure mounts
Loans to investors jumped 6.1 per cent in January, showing “investors are backing the housing market”.
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INDUSTRY NEWS
Perth house prices still the most affordable in the country
While house prices have been rapidly rising across the country, Perth values haven’t kept pace with the East Coast.
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INDUSTRY NEWS
Demand for WA industrial assets set to continue
The WA industrial and logistics sector was the strongest performer in 2021 across all commercial asset classes, with demand set to increase in 2022.
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Celebrity Homes
Jerry Seinfeld sells his luxury ski retreat
Comedian Jerry Seinfeld and his wife Jessica have sold their 26-acre Telluride luxury ski retreat for US$14 million.
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FRANCHISE NEWS
Rise in listings likely to slow price growth
The surge in new properties listed for sale is likely to continue until May, putting downward pressure on price growth according to a leading agency.
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INDUSTRY NEWS
Australia facing a housing supply crunch
Australia could be facing a ‘concerning’ housing shortfall of 163,400 homes by 2032 leading to further affordability issues according to a new report.
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Celebrity Homes
Pharrell Williams sells his Californian pad
Hip-hop superstar Pharrell Williams has sold his luxury Hollywood Hills home to a tech millionaire for US$9.2 million.
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Celebrity Homes
Anna Kendrick buys Muse drummer’s mansion
Academy Award nominated actress Anna Kendrick has reportedly splashed out US$7 million to buy the Hollywood Hills Estate owned by Muse Drummer, Dominic Howard.
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Real Estate News
Record profits for NZ homeowners
Price growth in New Zealand might be slowing, but homeowners still have plenty to be happy about with the booming housing market leading to 99.3 per cent of properties being resold at a profit
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