Search Results for: The Block
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Real Estate News
Australia’s most popular investment location revealed
Remote and borderless investing has been supercharged by COVID-19, with new data revealing property investors have doubled the distance between where they live and why they invest, in response to the pandemic. Managing Director of MCG Quantity Surveyors Mike Mortlock said the latest Property vs. Postal survey revealed a picture of changing investor buying habits. The numbers showed the average…
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INDUSTRY NEWS
A record-breaking year and trends to watch in 2022
Australia has smashed property records in 2021, racking up the highest number of sales and fastest rate of annual house price growth on record, according to new research. Domain’s End of Year Wrap shows that 446,800 houses and 144,500 units sold this year, with the combined capital city house price quickly closing in on the magic $1 million mark. It’s…
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INDUSTRY NEWS
Report tips Sydney’s top performers for 2022
Rydalmere is tipped to be among Sydney’s best performers in 2022, according to a recent report which has crunched the numbers and looked at growth indicators for more than 600 Sydney suburbs. According to the Shore Financial State of Sydney Report, the suburb, which is next to Parramatta in Sydney’s west, could enjoy price growth of 17.4 per cent in…
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Celebrity Homes
Henry Ford II estate seen in Succession sells for $105 million
The summer home of Succession’s super-wealthy Roy family has sold for a whopping US$105 million despite taking a haircut from its original $175 million listing price. With the largest ocean frontage in the Hamptons, at about 400m, the estate once owned by the grandson of carmaker Henry Ford, was initially listed for $175 million in 2017 before being reduced to…
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INDUSTRY NEWS
Australian families spend 36 per cent of their income on their mortgage
Housing affordability continued its decline in the September quarter with hard-hit first-home buyers pulling out of the market, the latest Real Estate Institute of Australia (REIA) analysis shows. The REIA’s Housing Affordability Report found 36.2 per cent of owner-occupiers’ income went to paying their mortgage, which is a 3.9 percentage point rise over the past year. The national median weekly…
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Real Estate News
Australian homes are now valued at more than $9.2 trillion
Australian residential property prices have recorded their strongest annual growth in 18 years, and are now valued at more than $9 trillion, according to new data. The Australian Bureau of Statistics has released its Residential Property Price Indexes: Eight Capital Cities report for the September quarter and it shows the total value of the nation’s 10.7 million residential dwelling jumped…
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INDUSTRY NEWS
RBA keeps cash rate on hold with Omicron a new source of uncertainty
At its final meeting for 2021, the Reserve Bank of Australia has opted to keep the official cash rate at its historic low of 0.1 per cent, with a new Covid variant causing some market uncertainty. In his monthly statement today, RBA Governor Dr Philip Lowe said the Australian economy was recovering well from the setback the Delta outbreak caused,…
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INDUSTRY NEWS
Vacancy rates hit multi-year low in ‘landlord’s market’
It’s a landlord’s market, according to Domain’s latest Vacancy Rate Report, which showed the national rental vacancy rate at a multi-year low for the second consecutive month. November recorded national vacancy rates of 1.5 per cent, and showed rental prices were expected to increase with the opening of international borders bringing in a wave of new renters, according to the…
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INDUSTRY NEWS
Will house prices double by 2032?
It’s often claimed that house prices double every 10 years, which is a good thing for investors, but would pose a significant challenge when it comes to housing affordability over the next decade – particularly given how much prices have risen since the start of the pandemic. But is it true? According to Ray White Group Chief Economist Nerida Conisbee‘s…
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FRANCHISE NEWS
Fortis appoints The Agency as lead agent on Pillar+Tide
Fortis has appointed The Agency as lead agent for Pillar+Tide, a boutique luxury development in Brighton, with project sales led by Michael Paproth. The appointment marks the first project between The Agency and Fortis in Brighton.
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INDUSTRY NEWS
Alexander brothers become the first luxury brokers of the metaverse
You might not be able to touch it or even live in it, but the metaverse is gaining real life momentum, with Douglas Elliman’s Oren and Tal Alexander set to become the first luxury brokers of the virtual real estate world.
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INDUSTRY NEWS
The most rundown homes to sell for millions in 2021
You know the property market is hot when uninhabitable homes are selling for multi-million-dollar price tags. Peeling paint, mouldy walls and water damaged ceilings have been just some of the features found in rundown homes that have sent buyers into a frenzy across the country this year. Popular with developers as well as renovators, buyers have snapped up dilapidated homes…
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INDUSTRY NEWS
How Australia’s borders reopening will impact renters
Australian renters can expect to be hit with dramatic price rises as the nation’s borders reopen, according to experts. In this month’s Finder RBA Cash Rate Survey, 37 experts and economists weighed in on future cash rate moves and other issues relating to the economy, with 73 per cent predicting rental prices will rise sharply as Australia opens its international…
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INDUSTRY NEWS
More than meets the eye: Transform XII finalists revealed
The finalists in Elite Agent’s Transform XII have been announced, with the Top 12 covering the gamut of sales and property management and boutique agencies as well as large networks. Similarly, the Top 12 are made up of business owners and team members, as well as having varying degrees of industry experience. The finalists, in no particular order are: Mel…
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Real Estate News
Clearance rate slips below 70 per cent as volume continues to surge
Auction volumes couldn’t quite equal the record highs of last week, but still this week proved the second busiest auction week ever, with 4136 properties going under the hammer across the major capitals.
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Real Estate News
No summer slowdown for auctions
As the property market gears up for another Super Saturday of auctions, data indicates November proved the busiest auction month on record
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Insights
The capital city predicted to record the strongest growth in 2022
Capital city property prices will continue to rise in 2022, peaking in the first half, then slowing sharply from the middle of the year, new data suggests.
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Real Estate News
Last Big Four bank lifts its interest rate
The National Australian Bank has become the last of the major lenders to lift its fixed rate loans, closing the door on big four rates under 2 per cent.
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Elite Agent
How we sold it: 38A The Terrace, Ocean Grove
Building relationships is real estate 101, but it’s not just connections with buyers and sellers that can help you sell properties. RT Edgar Bellarine Director Brock Grainger says forging strong partnerships with local media organisations has helped him tell the story behind his properties and this works to complement his digital and print marketing campaigns. The result is more eyes…
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INDUSTRY NEWS
Investors back in the market but owner-occupier lending falls
New investor loan commitments rose for the 12th consecutive month in October, while lending to owner-occupiers dropped by more than $800 million, according to new data.
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Celebrity Homes
Is Chris Hemsworth leaving Byron Bay?
Rumours abound that Hollywood heartthrob, Chris Hemsworth and his wife Elsa Pataky, are heading further south, with reports the pair have snapped up Tasmania's exclusive Piano Coves site.
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Thought Leaders Podcast
Recruiting a rainmaker: Pancho Mehrotra on what to seek in a top performer, how to attract them, and the leadership qualities that bring out their best
Call them rainmakers or top performers, a talented salesperson can be an incredible asset to a real estate business, bringing in a high volume of very big sales.
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Real Estate News
Brisbane’s Matt Lancashire named Queensland’s highest selling agent
A combination of property and real estate IQ, effective processes, and a solid focus on vendors is the secret to success for Matt Lancashire, who has topped a list of Queensland’s top selling real estate agents for 2021. The Ray White New Farm principal placed ahead of McGrath Paddington’s Alex Jordan, the Gold Coast’s Michael Kollosche, the Managing Director of Kollosche,…
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INDUSTRY NEWS
Pearl Beach property bought for 78 pounds sells for $2.5 million
An unassuming home bought for just 78 pounds almost 100 years ago has just sold for $2.5 million at Pearl Beach on the NSW Central Coast. It’s the first time the four-bedroom home had been offered to the market since the original owner, Evelyn Smith, bought the land in 1928. Then part of the new Staples Estate, the 675sq m…
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INDUSTRY NEWS
How COVID-19 changed the way Victorians work, live, and play
Times have well and truly changed, and as a result, so have the wants and needs of Australians – including how and where they want to live. The pandemic has changed our collective priorities, and that’s reflected in PwC’s latest CityPulse 2021, which examines the liveability of Victorian suburbs. PwC Australia Melbourne Managing Partner Peter Konidaris said CityPulse 2021 unearthed…
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COMMERCIAL
Optimism abounds, as new research reveals the state of Sydney’s CBD
The number of Sydneysiders working in the office tripled last month, according to the latest Office Occupancy survey by The Property Council of Australia. Property Council NSW Executive Director Luke Achterstraat said the survey revealed positive signs for Sydney’s CBD, with the office occupancy levels increasing from eight per cent to 23 per cent in November. “With lockdown restrictions lifting,…
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Real Estate News
New Zealand’s momentum slowing
New Zealand property prices have continued to increase nationally in November, but have slowed compared to October, according to the latest data from CoreLogic NZ.
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Real Estate News
Virtual land a hot commodity in the metaverse
Another block of virtual land has sold for an eye-watering amount, with a digital investor paying $4.3 million for an allotment in The Sandbox metaverse.
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Real Estate News
Key number indicates a busy 2022 for real estate
The real estate industry could be in for a busy New Year, with Domain reporting increased appraisal volumes across the country as sellers ponder the prospect of taking their property to market in 2022.
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INDUSTRY NEWS
Rexlabs appoints new product managers
The real estate tech experts at Rexlabs have welcomed two new Product Managers into the fold.
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INDUSTRY NEWS
New research reveals Australia’s top family suburbs
New South Wales suburbs have dominated the top five spots in a new list of Australia’s best family housing markets. The research, commission by Well Home Loans, identifies the top 20 suburbs for families, with the NSW suburb of Horningsea Park coming out on top. Doug Vukojcic, property adviser for United Agents Property Group at Carnes Hill said the result…
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Celebrity Homes
Camila Cabello selling Hollywood Hills mansion
Has Camila Cabello’s split from Shawn Mendes resulted in the Havana singer selling her Hollywood Hills mansion? That’s the question on everyone’s lips after the cuban-born singer/songwriter listed her four-bedroom, four-bathroom, Mediterranean-style abode for US$3.95 million. Cabello and the Canadian singer were together for two years, and lived at the stunning home, which comes complete with a recording studio, before…
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LEADERSHIP
How to build a personal brand that connects
While good results and peak performance will no doubt attract clients, what matters more is how you make them feel.
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INDUSTRY NEWS
Double digit-growth boom for regional housing markets
Regional Australia is continuing to witness house value increases that outpace the capitals, with the best performing regions enjoying an annual rise of more than 30 per cent.
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Celebrity Homes
Adele adds to $30 million Beverly Hills real estate portfolio
Singer Adele has increased her real estate holdings with another purchase in the Hollywood Hills, taking the combined value of her property portfolio to more than $30 million.
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