Search Results for: The Block
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Real Estate News
Cheaper to buy than rent more than a third of Australian properties
CoreLogic analysis has suggested servicing a mortgage is now cheaper than paying rent on 36.3 per cent of Australian properties. That is 2.3 per cent higher than before coronavirus hit Australia. CoreLogic reported in February last year that mortgages were cheaper than renting for 33.9 per cent of properties. The analysis was undertaken at the individual property level, using a…
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Celebrity Homes
Brian White’s family home in Brisbane sells for $10 million
The family of real estate giant Ray White have sold their Brisbane home prior to auction. Located in the illustrious suburb Ascot, the classic federation home sold after less than three weeks on the market. Ray White agency reported there was a ‘bidding war’ between four buyers last week, all vying to buy the estate. Local Ray White principals Matt…
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FRANCHISE NEWS
Vendor confidence up with appraisals rising 34 per cent
After a booming 12 months for Australian real estate, vendor confidence across the continent remains robust, according to Raine & Horne. Raine & Horne released new data that indicates property appraisals are about 34 per cent higher than winter 2020 and almost 44 per cent stronger than the same time in 2019. According to CoreLogic, national home values rose 13.5…
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INDUSTRY NEWS
Australians’ savings drop as more struggle to pay rent
Australians’ saving levels have fallen to their lowest level since March 2020, according to new research by Finder. Finder’s Consumer Sentiment Tracker (CST) survey revealed more Australians are struggling to pay rent as Sydney’s lockdown lingers, with cash savings seeing a sharp decline. Each quarter, Finder analyses its most recent data to uncover the trends underpinning the financial, mental and physical…
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Real Estate News
New Zealand’s mortgaged investors see fall in share of property purchases
Over the past three months, New Zealand‘s mortgaged investors have seen their share of property purchases fall, while the number of first-home buyers (FHBs) bought at increased rates. CoreLogic New Zealand (NZ) Chief Property Economist Kelvin Davidson said these patterns were more due to the 40 per cent deposit mortgaged investors need, rather than the March tax changes. The June…
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WA Real Estate News
First home buyers fuel sales volume surge in Perth’s more affordable suburbs
Ridgewood, Madora Bay and Two Rocks are amongst the 10 Perth suburbs that have seen the biggest percentage increase in sales activity during the 2020-21 financial year. Real Estate Institute of Western Australia (REIWA) President Damian Collins said six of the 10 suburbs had more than doubled their sales tally in the 2020-21 financial year, compared to the 2019-20 financial…
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INTERNATIONAL
The interior design trends millennial prospective homeowners really want
Millennial interest in interior design trends has skyrocketed thanks to popular video-sharing app TikTok. So which styles are young prospective homeowners looking for? With millennial interest in homeownership sharply increasing, it is vital to maintain up-to-date knowledge of the latest trends, including in interior design. UK-based home insurer Money investigated which interior design trends have made the biggest impact this…
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Elite Agent TV
Amazon announces Luxe Listings Sydney season two is in production
Amazon Prime Video’s hit show Luxe Listings Sydney is currently in production for season two. The Amazon Prime Video exclusive’s second season will see the return of the Luxe Listings Sydney’s dynamic trio – Gavin Rubinstein, D’Leanne Lewis and Simon Cohen – and is set to provide fans with even more of the glamour, drama and stunning properties. The first season of Luxe Listings Sydney has…
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National
Highest rate of dwelling value growth since 2004
CoreLogic data has revealed Australian dwelling values saw the highest annual growth rate since 2004. The latest CoreLogic housing market data found Australian dwelling values rose 13.5 per cent in the 2020-21 financial year, which was the highest annual growth rate in 17 years. Regional New South Wales saw dwelling value changes for the financial year increase by 21.1 per…
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SUPPLIER NEWS
‘Inaction Figure’ campaign takes aim at traditional home loan lending industry
With 75 per cent of Australians frustrated with the traditional home loan process, Australian fin-tech Nano has launched the world’s first ‘Inaction Figure’ to take aim at the lending industry. The ‘Inaction Figure’ symbolises the frustrations Australians experience with traditional lenders when it comes to home ownership and refinancing. Some of the most significant frustrations include confusing jargon (72 per cent), too…
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National
The top 10 most undersupplied metro rental markets revealed
The most undersupplied city locations for rental houses have been revealed, with some locations recording very few available properties for tenants.
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Celebrity Homes
Kelly Clarkson sells her Tennessee lakeside mansion for US$6.3 million
Singer, songwriter, and talk-show host, Kelly Clarkson has sold her gorgeous lake house in Hendersonville, Tennessee for US$6.3 million.
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Elite Agent TV
What social media really thinks of Luxe Listings Sydney
Luxe Listings Sydney aired on Amazon Prime last Friday and the internet is blowing up about the Australian-based reality TV series. While some felt it was following a format seen too many times before, many viewers flocked to social media to share their love for the show. “Luxe Listings Sydney is SO good. I was not expecting this. It’s like…
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WA Real Estate News
Top 10 Perth suburbs to see the biggest median house sale growth
Real Estate Institute of Western Australia (REIWA) data has revealed the 10 Perth suburbs to have seen the biggest growth to their median house sale price.
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INDUSTRY NEWS
CoreLogic investigates how the housing market reacts to lockdowns
CoreLogic has released a comprehensive overview of housing market performance through lockdowns.
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Thought Leaders Podcast
BDM 2021: Hannah Gill and Tara Bradbury
Hannah Gill and Tara Bradbury are two of Australia's leading principals, sharing their knowledge in this week's Elevate podcast.
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Elite Agent TV
‘You’re dealing with a lot of egos in this business…’: Luxe Listings Sydney makes its debut
After spending the last 15 years shamelessly indulging in the reality shows of the luxury property market (and their over-the-top agents) of Los Angeles and New York, finally, it’s Australia’s turn.
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NEW ZEALAND
New Zealand’s Wellington sees a 123 per cent rise in property values
Across the wider Wellington area, the past six years have brought large increases in property values, following a long flat patch prior to 2015.
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INDUSTRY NEWS
Major global cities see house prices rising at the fastest rate since 2007
Darwin, Canberra and Hobart house prices are rising at the fastest rate since 2007, says Knight Frank Global.
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INDUSTRY NEWS
REA reports home sales increased by 60 per cent in June compared to previous years
Property sales have remained steady and are over 60 per cent higher than in 2020 and 2019, according to a new report from the REA.
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INDUSTRY NEWS
Experts weigh in on the Reserve Bank of Australia’s rate-hold
On Tuesday afternoon, the Reserve Bank of Australia (RBA) announced the official cash rate was on hold, to mixed reactions. Economists and industry leaders have weighed in on the RBA’s announcements on social media, with many using Twitter to share their opinions. Economist and Monash University lecturer, Dr Isaac (Zac) Gross says the under-covered aspect of the RBA is the…
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Real Estate News
How Australia ranks for female empowerment and gender equality
Australia has ranked within the top 20 countries in the Female Opportunity Index 2021.
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Thought Leaders Podcast
Inspiration before motivation: A leadership conversation with Manos Findikakis
Manos Findikakis shares a wealth of wisdom derived from almost 20 years in the industry, including his approach to leadership, why numbers set agents free, how he inspires his team, and why the biggest challenge right now isn’t a shortage of stock.
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Insights
Rental vacancy rates hit a milestone low
New Domain data shows national rental vacancy rates are the lowest on record.
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INDUSTRY NEWS
Interest rates predicted to hold but will property prices peak this year?
The non-stop rise in house prices may hit an apex this year, according to the latest expert housing predictions from Finder.
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CONTRIBUTORS
Manos Findikakis: The reverse bucket list
Manos Findikakis explains the concept of a reverse bucket list and how working from past success can help you achieve future goals
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INDUSTRY NEWS
An entire island just off the Sunshine Coast is on offer for just $200,000
It’s not uncommon to sell properties that offer a slice of island paradise – but it’s not every day an entire island comes up for grabs. Listed by McGrath Noosa and currently for sale through Openn Negotiation, the almost-53 hectare Bandicoot Island is nestled between Fraser Island and the mainland and is surrounded by the crystal-clear waters of the Great Sandy Strait. …
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INTERNATIONAL
Melbourne is the best city in the world for working remotely
A new study has revealed the best cities to live in and work remotely from, based on data on legislation, costs and overall liveability. The on-demand housing platform Nestpick investigated the 75 best cities in the world for working remotely. Melbourne and Sydney came first and third respectively. The scores indicates which cities are best prepared to attract a new…
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National
Family Home Guarantee and First Home Loan Deposit kicks off around Australia
Two highly anticipated government initiatives started 1 July, designed to provide Australians with a more secure future, but not everyone is guaranteed to be a winner. The Family Home Guarantee and First Home Loan Deposit scheme have each offered 10,000 new spots to eligible lower income Australians. But financial comparison hub RateCity warns consumers to check the fine print for…
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Thought Leaders Podcast
Simon Caulfield: The power and the passion
In this episode of the Elevate podcast, Place Kangaroo Point Director, Simon shares the story of how he went from a rookie agent sleeping under his desk to selling luxury property in the Queensland capital.
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Celebrity Homes
Late American comedian W.C Fields’ Los Angeles mansion on the market for US$15 million
Lived in and loved by some of the most classic and beloved entertainers in the US, the historic W.C Fields Mansion in celebrity-rich-and-gated Laughlin Park is for sale, priced at US$15 million. Though he didn’t own the house, not believing in home ownership, W.C Fields rented the home in 1940 and added a pool table, a ping-pong table and bowling lanes set…
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Insights
Knight Frank research reveals promising luxury real estate trends
Australia’s major cities saw their highest quarter of prime residential sales volume on record. At the same time, the number of days a prime property was on the market compressed by almost a week, indicating there’s still more steam in the prestige market ahead, according to Knight Frank research.
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INDUSTRY NEWS
Most investment properties no longer require physical inspections
Analysis by quantity surveyors, Washington Brown, has found more than 82 per cent of investment properties do not require a physical inspection to achieve the maximum depreciation. The company assessed 15,370 individual investment properties in Sydney over the past year since the pandemic and found 12,698 – or 82.6 per cent – of properties did not require a physical inspection…
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Celebrity Homes
Friends star Matthew Perry sells two California homes for $34.7 million
It's been a great year so far for Matthew Perry. As well as starring in the recent Friends: The Reunion special, the 'Chandler Bing' actor recently sold two California properties, worth $34.7 million combined.
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Thought Leaders Podcast
How to get editorial coverage for your listing: Alice Stolz
In this episode of the Elevate podcast, Domain managing editor Alice Stolz offers her unique insight into Australia’s ongoing love of property and how agents can harness it to create content that attracts media attention.
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