INTERNATIONAL
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DOJ sues RealPage over rent-pricing algorithm
The US Department of Justice and eight state attorneys general have filed an antitrust lawsuit against RealPage, accusing the company of operating an illegal scheme to drive up rent prices across the country.
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NAR facing lawsuit over access to listing platform
Beleaguered NAR has been hit with another lawsuit, however, this time it’s aimed at the industry requiring agents to be members to access their real estate listing platform.
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Step inside Polly Pocket’s life-sized dream compact adventure
Would you like to stay in a home that's pink, plastic, and doesn't have a working shower?
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Mount Vernon Cemetery hits the market: 33,000 quiet tenants included
Looking for a property where you can rest easy?
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Is Ryan Serhant still selling the world’s tallest penthouse?
Central Park Tower's priciest penthouse that was listed for US$250,000 with high-profile agent Ryan Serhant has been withdrawn from the market.
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European dream: Transforming a €1 Sicilian vacation home
In Europe, it’s not uncommon for small towns and villages to sell off old rundown properties for €1 in a bid to attract new people to the area.
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Gen AI leads McKinsey’s top tech trends for 2024
Despite the increased economic turbulence of 2023, investment in technology has shown resilience, with Generative AI leading the charge in innovation.
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Sam Lewis heads up Ray White’s expansion into Vanuatu
Ray White is headed to the tropical paradise of Vanuatu, with the opening of a new office led by local agent Sam Lewis.
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The tiny homes made from ‘junk’
Overcoming the financial challenge of entering the property market has become more achievable with the rise of the tiny house movement.
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Zillow, Redfin facing video privacy lawsuits
US-based, Zillow and Redfin are facing class action lawsuits over their alleged use of secret tracking pixels on their websites for video home tours.
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US housing shortage rises to 4.5 million homes
The housing shortage in the US has grown to 4.5 million homes, with a pandemic construction boom unable to stave off the dramatic deficit.
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Amazon to invest extra $1.4 billion in affordable housing
Amazon will invest an extra US$1.4 billion in its Housing Equity Fund, which is aimed at creating or preserving affordable housing in regions with major corporate offices.
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Australian’s ‘thriving’ in life but stressed at work
Australians and New Zealanders have reported “thriving” in life despite many being stressed at work and actively looking for a new job.
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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.
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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 children in need.
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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 the next closest major international city according to new data.
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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 leading international cities.
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Facebook is shutting down Workplace
Meta, the parent company of Facebook, has announced it’s shutting down its enterprise communications business Workplace.
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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 that has nearly two million followers.
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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 final approval for the settlement to go ahead.
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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.
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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 a fourth-floor gem at the illustrious 8899 Beverly building.
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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 asset classes investors should keep an eye on.
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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 of diving below the surface of the ocean with the launch of the groundbreaking M5 superyacht.
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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 is generating significant attention.
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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 industry is facing according to experts.
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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 investors a fast track to residency since 2013.
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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.
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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, according to new research from Zillow.
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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 pay rent.
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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 brokerages and trade groups, engaged in anticompetitive practices to inflate agent fees.
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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.
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Sydney ranks fourth in global super-prime property sales surge
Sydney’s super-prime residential property market is proving buoyant, with the city coming in fourth on the latest Knight Frank rankings for that market sector. According to the Global Super-Prime Intelligence Q4 report, the NSW capital city recorded 42 sales in the super-prime market in the final three months of 2023. The super-prime market comprises residential sales above US$10 million and…
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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 commissions in the US slashed.
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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 at risk they are for fire, flood and from extreme heat, air quality and wind.
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