International
Real estate trends and developments from global markets – what’s happening overseas and why it matters here.
Number of ‘million-dollar cities’ hits a new record in the US
The number of US cities where the typical home value exceeds $1 million has reached a record 550, according to new figures.
Slow start for New Zealand property prices in 2024
The average value of a property in New Zealand had risen to $934,806 following a 0.5 per cent…
Buyers pay more for decked out backyards
Buyers are prepared to pay more for homes with backyards decked out with the latest ‘on trend’ features,…
Canadian landlords call for “automatic eviction” rights
Landlords in Ontario, Canada, have launched an online petition calling for the “automatic eviction” for tenants who don’t…
Compass settles commissions law suit
Compass has agreed to a US$57.5 million settlement to resolve class-action lawsuits alleging the company, along with other…
Australia one of the world’s happiest countries
Australia has been named the 10th happiest country in the world, according to the World Happiness Report 2024.
Numbers ‘not adding up’ for New Zealand investors
Despite rising rents in New Zealand, investor yields are still lagging behind mortgage repayments, forcing ‘Mum and Dad…
NAR agrees to $418 million settlement in US commission case
The National Association of Realtors (NAR) has agreed to a US$418 million legal agreement that could see agent…
Penelope Rollston heads up First National Connect in New Zealand
First National Real Estate has opened a new office in Nelson, New Zealand with experienced principal Penelope Rollston…
Buyers given chance to assess a home’s climate risk on property portal
A major US property portal has given buyers the ability to assess prospective property purchases according to how…
Auckland landlord ordered to pay huge fine for property unfit for humans
In a landmark Tenancy Tribunal decision, a West Auckland landlord has been fined NZ$69,563 (AUD$65,125.95) for serious violations…
REIA to represent Australia at climate forum in Paris
The Real Estate Institute of Australia (REIA) is sending a representative to the upcoming Buildings and Climate Global…
Perth, Gold Coast the strongest luxury markets in 2023
Despite higher interest rates weighing on some property markets, luxury residential property in Australia has remained resilient, especially…
Ray White call-a-thon generates 8000 appraisals
Ray White agents from across Australasia have booked more than 2000 appraisals an hour as part of the…
Duchy development: Prince William’s plan to end UK homelessness
Prince William will build 24 homes in the Duchy of Cornwall as part of a commitment to eradicate…
RE/MAX Australia unaffected by US leadership shuffle
RE/MAX LLC President and Chief Executive Officer Nick Bailey has been replaced as head of the franchisor in…
New Zealand sales volumes near 40-year lows
High interest rates continue to weigh on New Zealand's housing market, with monthly sales volumes seeing the second-slowest…
New Zealand homeowners struggle to pay mortgage
New Zealanders are struggling afford a home, with higher interest rates and elevated property prices squeezing borrowers.
Forget about making zillions, Zillow posted a net loss for 2023
A fourth quarter surge in revenue hasn’t stopped US listings platform Zillow from posting a calendar year loss…
Home sweet heart: buyers find love after moving
More than 40 per cent of recent home buyers haven’t just purchased bricks and mortar, but found love…
The Florida compound set to break records
A stunning compound in Naples, Florida, the features three homes has been listed for sale at an astounding…
WeWork founder Adam Neumann looking to buy the company back
Five years after being ousted from WeWork, founder and former CEO Adam Neumann is looking to buy back…
Homes.com to launch $1 billion marketing campaign at the Super Bowl
When the Super Bowl kicks off at 10.30am on Monday, February 12, eyes won’t just be on the…
New Zealand profitable resales rise as markets recover
The recovery in New Zealand's housing market has led to profitable resales rising for the first time in…
Ray White expands its footprint across the far north of New Zealand
Ray White continues its growth in New Zealand's far north with business owner Sean Stratton acquiring multiple offices…
You can now order your own ‘foldable’ home from Amazon
If you’ve been looking for an affordable home, the good news is that Amazon can now deliver a…
Zillow launch their new 3D tour experience on Apple Vision Pro
US property platform Zillow, has launched Zillow Immerse in the Apple Vision Pro app story, providing buyers with…
What the Apple Vision Pro means for real estate
The Apple Vision Pro has the potential to change the way Australians view properties and drive engagement and…
New Zealand property prices continue their recovery in January
Home prices across New Zealand have continued to rebound, with values up 0.4 per cent in January according…
3 strategies Ekland Gomes used to sell $3.77 billion in property
Last year was a challenging one for many agents in the US real estate market.
Chinese property giant Evergrande ordered to liquidate
A Hong Kong court has ordered the world’s most indebted property developer, China’s Evergrande Group, to liquidate, following…
First-home buyers make a record share of property purchases
First-home buyer (FHB) activity has jumped in New Zealand, with new data showing the cohort now make 27…
US commission lawsuit takes aim at 35 agencies and industry groups
A major commission lawsuit has been filed in California that names more than 35 defendants, including the National…
Developers struggle to sell off the Paris Olympic Village
Developers building the Paris Olympic Village are struggling to sell the apartments once the Games are finished, due…