Search Results for: The Block
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Tough conditions for mortgaged New Zealand investors
Homeowners across New Zealand who own multiple mortgaged properties face tough buying conditions as regulations and higher interest rates make it harder to purchase homes.
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FEATURE INTERVIEWS
Brock Rodwell: why real estate and superyachts go hand-in-hand
Elton John, David Beckham and Charles LeClerc are just a few of the big names Brock Rodwell has sold luxury yachts to over the years.
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INDUSTRY NEWS
Property market was a rollercoaster in 2022
From a once-in-a-generation property boom to a clear downturn, Australia’s property market has been a rollercoaster in 2022.
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INDUSTRY NEWS
Refinancing burst takes off as rates rise
More Australians are refinancing their home loans at greater rates and for larger amounts on the back of rising interest rates, new data shows.
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INDUSTRY NEWS
Big Four banks quick to pass on interest rate rise
Well, that didn’t take long. Just a few hours after the Reserve Bank lifted the cash rate 25 basis points to 3.10 per cent at its final meeting for 2022, all four big banks announced they would pass the hike on in full.
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Adelaide and Brisbane to be the strongest performers in 2023
The smaller capital city markets of Adelaide and Brisbane are set to be the top-performing property markets of 2023 according to a new report.
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eXp delivers diverse revenue streams for agent
Victoria Nicholson’s sales career has hit a new high after partnering with the fast-expanding international agency eXp.
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INDUSTRY NEWS
Auction clearance rates hit a seventh-month high
Auction clearance rates have bounced back to a seventh-month high as vendors are now more prepared to meet the market according to a new report.
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INDUSTRY NEWS
Auction volumes drop across Sydney in November but sentiment starting to change
Sydney auction volumes have halved compared to this time last year as uncertain vendors have moved across to private treaty sales according to an expert.
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Celebrity Homes
Mark Wahlberg relists Beverly Park mega-mansion at a lower price
Mark Wahlberg has relisted his luxury Beverly Park mansion and is looking at taking a US$8 million haircut in the process.
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INDUSTRY NEWS
Vacancy rates hold steady in November
Vacancy rates across the country remain at record low levels, holding steady at 0.8 per cent according to Domain.
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ELEVATE
Trends emerging: Peter Schravemade on PropTech, innovation and the property marketing methods buyers want to see
As the managing partner of PropTech incubator NAR Reach Australia, Peter Schravemade is in a unique position to spot technology that’s likely to be valuable to agents and the real estate industry long before it becomes mainstream. He is also able to tap into NAR’s immense body of research to see buyer and seller trends emerging, and says there are…
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WEIRD AND WONDERFUL
First metaverse residential skyscraper takes shape
The first metaverse residential skyscraper is officially under construction as virtual real estate continues to grow in popularity.
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BEST PRACTICE
Manos Findikakis: little by little, a little becomes a lot
Does this scenario sound at all familiar? It's 9am on Monday and your call-back list is in front of you.
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INDUSTRY NEWS
Record low rental affordability puts low-income earners under severe rental stress
Surging rents and low vacancy rates are putting an increasing number of households under rental stress, with low-income earners the hardest hit according to a new report.
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FRANCHISE NEWS
UrbanX named 24th fastest growing new company in Australia by AFR
Revolutionising an industry is no easy task but it’s a challenge that UrbanX has taken on. And they are off to a flying start being named #24 in the Australian Financial Review’s illustrious Fast Starters list.
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National
Property values fall for seventh consecutive month
Property values have dropped more than $50,000 since their peak in April according to the latest CoreLogic Home Value Index.
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Is there a better approach to property management?
As the mediator between the needs of a landlord and those of the tenant, property management has never been real estate’s easiest gig.
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INDUSTRY NEWS
Home prices fell in November as rates pressure buyers
Interest rate pressure is contributing to the “downward trend” in home prices, with new data showing values declined again last month.
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INDUSTRY NEWS
Otago named Australia’s most family-friendly suburb
It’s getting easier for homebuyers to get into family-friendly suburbs as more stock comes onto the market according to new research.
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INDUSTRY NEWS
Prime residential price growth to slow in 2023
Prime residential property prices in Sydney and Melbourne are expected to remain flat next year, after performing well in 2022, according to a new report.
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INDUSTRY NEWS
Unit growth falls into negative territory
Annual growth for units across the country has slipped into negative territory, with values down 1.4 per cent compared to this time last year, according to CoreLogic.
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National
Nerida Conisbee: Where you should have bought a decade ago
Over the past decade, the median in Sydney has increased the most. There are a lot of factors that have driven this.
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Celebrity Homes
Chris Martin set to build lavish new Malibu home
Coldplay frontman, Chris Martin is finally getting set to build his long-planned luxury residence in Malibu, nearly a decade after purchasing an oceanview home that he planned to knock down and rebuild.
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How to grow your business by becoming a property development expert
The Australian property market has experienced lows, highs and periods of uncertainty.
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INDUSTRY NEWS
Agent of the year on the property marketing tool you need in 2023
Brisbane Inner West Realty Director Kathleen Luck is doubling down on technology to take her property marketing to the next level in 2023, and says other agents need to do the same to set themselves apart.
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Renters now need to work six hours more to pay rent than before the pandemic
Rising rents are forcing US tenants to work more than six extra hours per week, just to afford the same property compared to prior to the pandemic.
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SUPPLIER NEWS
Properties selling faster than prior to the pandemic
Despite overall demand slowing down since the peak of the boom, properties across the country are still selling faster than they were before the pandemic, according to new data.
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FRANCHISE NEWS
Big wins for top performer in first year with Area Specialist
Sales agent Marcus Washington says his partnership with real estate network Area Specialist has unlocked his earnings potential and given him the freedom to enjoy an improved work-life balance.
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Vendors slash asking prices as selling conditions get tougher
Some vendors across Sydney are cutting their asking prices by as much as $800,000 as the market continues to shift.
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Real Estate News
New real estate reality show rumoured to be in the works
With Luxe Listings Sydney becoming one of the big TV hits of the past few years, a new real estate-based reality show is rumoured to be in the works.
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Real Estate News
Auction volumes continue to rise in lead-up to Christmas
Auction volumes have risen further this week, and the trend is tipped to continue in the lead-up until Christmas.
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Property values have soared in the past 20 years while rents lag
House prices across Australia have more than doubled in the past 20 years, however, rents have not been able to keep pace with soaring values.
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