International
Real estate trends and developments from global markets – what’s happening overseas and why it matters here.
Microsoft removes listing data from Bing Real Estate
Bing Real Estate has come under fire for allegedly listing properties sourced directly from Zillow, Redfin and Realtor.com.
Landlord ordered to compensate drug-growing tenant
A New Zealand landlord has been ordered to compensate a tenant $10,000, despite the tenant's involvement in illegal…
Harcourts to make it cool to be at school
The Harcourts Foundation has teamed up with Inspirational Women as part of an international campaign to support Fijian…
NZ mortgage rates rise, first home grants scrapped
Given the scrapping of first home grants (deposit assistance) and the strong indication from the latest Monetary Policy…
Sydney prime rents grow at the fastest pace in the world
Sydney prime rents grew nearly 20 per cent in the past 12 months, three times the rate of…
Melbourne and Sydney named as top international cities
Melbourne and Sydney have been named amongst the best in the world according to a new index of…
Facebook is shutting down Workplace
Meta, the parent company of Facebook, has announced it’s shutting down its enterprise communications business Workplace.
New Zealand resellers still seeing red
Prices are still favouring buyers in New Zealand, with new data showing that increasing numbers of resellers have…
The Zillow Gone Wild TV series set to premiere
A new Zillow Gone Wild TV series has premiered in the US, inspired by the popular Instagram account…
Judge approves NAR settlements after late bid fails
Despite a last-ditch bid to halt settlement proceedings in the NAR commission case, a judge has given his…
Four Australian cities among the world’s wealthiest
Sydney has been named one of the world’s wealthiest cities, with 147,000 millionaires calling the Harbour City home.
NZ FHB’s making the most of lower prices
New Zealand first-home buyers have capitalised on lower property prices and other incentives, making up more than one-quarter…
Matt Damon scoops up $8.6 million condo in West Hollywood
West Hollywood's prestigious residential market has just welcomed another A-list resident into its fold with Matt Damon acquiring…
Generative AI to propel global data centre market growth
The rise of generative AI is set to transform the data centre market, making it one of the…
Step into the future aboard the $3 billion underwater superyacht Migaloo M5
The ultra-wealthy won't just be able to live in luxurious homes on land, they'll also have the option…
Meet the new Atlas: stronger, swifter and fully electric
Just a day after Boston Dynamic’s humanoid robot, Atlas, was retired, its new and very definitely improved sibling…
Ray White New Zealand raises over $400,000 for charity
The Ray White network across New Zealand has spent the month of March, walking, swimming and riding to…
How agents can win after the NAR commission case
It’s the “educated agent” that’s likely to succeed in a post-NAR commission landscape that the US real estate…
Spanish Government to cease ‘golden visa’ scheme for property investment
The Spanish government has initiated the process to discontinue the controversial "golden visa" scheme, which has offered foreign…
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,…
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…