INTERNATIONAL
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Rate wars could see borrowers opt for longer fixed terms
New Zealand borrowers may soon shift away from short-term fixed mortgages as banks engage in "rate wars" offering lower 2-3 year fixed rates.
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Dar Global invests AUD$613 million in Saudi Arabia’s residential market
Luxury real estate developer Dar Global has made a significant move in Saudi Arabia’s booming property market, investing €358 million (AUD $613 million) to acquire two residential-led development sites in Jeddah and Riyadh.
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New York’s Woolworth mansion drops price to just under US$50 Million
A landmark Upper East Side townhouse, known as the Woolworth Mansion, has seen its asking price slashed by nearly $10 million, now listed for just under $50 million (AUD $76 million).
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Trump’s tariffs push up construction costs for US developers
Real estate developers across the US are facing rising costs as President Donald Trump’s latest tariffs increase prices on key building materials, including steel, aluminum, copper, and tiling.
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Ellen DeGeneres lists one of her last US homes following UK move
Ellen DeGeneres is continuing to shed her US real estate portfolio, putting one of her last remaining Californian properties on the market for $5 million (approx. $7.6 million AUD).
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Trillions in real estate at risk from natural disasters
Natural disasters are threatening trillions of dollars worth of residential real estate across the United States, with extreme wind, fire and flooding posing significant dangers to property values.
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Rental prices drop in Auckland and Wellington, offering relief for renters
New data from realestate.co.nz shows that rental prices have dropped in two of New Zealand’s largest cities, with Wellington seeing the biggest decline.
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Dubai’s real estate boom reshapes the Gulf’s luxury market
Dubai’s property market continues its rapid expansion, with residential sales reaching AED 120 billion ($32.7 billion) in the third quarter of 2024, driven by an influx of high-net-worth buyers.
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US housing shortage reaches nearly 4 million homes
America is facing a critical housing shortage of 3.8 million homes, making homeownership increasingly unattainable for millions of Americans despite recent construction gains.
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Step inside Keira Knightley’s ‘Black Doves’ home
The grand Victorian villa that served as Keira Knightley’s on-screen home in the Netflix spy thriller Black Doves is now on the market for £5 million (AUD $9.7 million).
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Rocket Companies to acquire Redfin in US$2.4 billion deal
Redfin has announced that it will be acquired by Rocket Companies in an all-stock transaction valued at $2.4 billion, marking a significant shift in the real estate and mortgage industries.
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Hartford leads America’s hottest housing markets as buyers pay over asking
Hartford, Connecticut, has been named the hottest housing market in the U.S. for February, according to the latest Realtor.com report.
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Homes listed in late May sell for $5,600 more, says Zillow
A new Zillow analysis has found that timing is everything when selling a home. In the U.S, homes listed in the last two weeks of May in 2024 sold for an average of 1.6% more, translating to an extra $5,600 on a typical U.S. home
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New Zealand property values show signs of recovery
Property values in New Zealand have returned to growth, signaling the end of 2024's mini downturn and suggesting modest growth ahead for 2025.
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Coalition announces FIRB overhaul
A Dutton Government has pledged to establish a taskforce to reform the Foreign Investment Review Board (FIRB), Shadow Treasurer Angus Taylor has announced.
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Spain’s Foreign Buyer Tax sparks concerns cross Europe
Spain’s proposed 100% property tax on non-EU buyers has triggered fears that other European nations, including France, Greece, and Portugal, could implement similar measures to address housing affordability and over-tourism.
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Douglas Elliman opens new California office
Douglas Elliman, one of the largest independent residential real estate brokerages in the United States, today announces its new San Diego office in the heart of charming Del Mar Village.
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Keller Williams partners with Stone Point Capital, appoints Christopher Czarnecki as CEO
Keller Williams Realty, the world’s largest real estate franchise by agent count, has announced a strategic partnership with Stone Point Capital LLC, a leading investment firm specialising in real estate and financial services.
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Halsey lists historic Los Feliz home for US$5.5 million
Halsey has put her Spanish Colonial Revival estate in Los Feliz on the market for $5.5 million (AUD $8,625,232).
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Five years on: how the pandemic transformed home buying in the US
Five years after the onset of the COVID pandemic, the US housing market looks significantly different. Home values have soared, virtual home touring has become mainstream, and buyer preferences have shifted, according to new data from Zillow.
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Former Mafia Boss Paul Castellano’s Staten Island mansion is back on the market
A Staten Island mansion once owned by notorious mafia boss Paul Castellano has hit the market with a price tag of $18 million (AUD $27.5 million).
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Floyd Mayweather expands real estate empire with US$402 million Manhattan purchase
Floyd Mayweather has unveiled his latest and most expensive real estate investment yet, acquiring 62 buildings in Manhattan for a staggering $402 million (AUD $617 million).
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Apartment rents cool in the US, but family homes stay pricey
Renters in the United States may find better deals on apartments this year, but those looking for single-family homes will likely continue to face high costs, experts say.
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Check out Elvis Presley’s former Beverly Hills retreat with million-dollar views
A Beverly Hills home once owned by Elvis Presley has been listed for $24.5 million (AUD $37.3 million).
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Apollo expands real estate reach with $2.3 billion acquisition of Bridge Investment Group
Apollo Global Management has announced a $2.3 billion (AUD) ($1.5 billion USD) all-stock acquisition of real estate investment firm Bridge Investment Group, strengthening its real estate investment platform.
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Buying beats renting in Pittsburgh and Detroit
In a rare trend reversal, Pittsburgh, Pennsylvania, and Detroit, Michigan, have emerged as the only two US metro areas among the top 50 where buying a home is currently cheaper than renting, according to the Realtor.com January 2025 Rental Report.
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Dubai’s rapid growth brings housing strains
Dubai’s meteoric rise as a global hub has shown no signs of slowing down, but its booming real estate market, skyrocketing population, and worsening congestion are putting growing pressure on residents.
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Miami’s ultra-luxury market hits overdrive: US$100M+ listings are the new normal
From Miami Beach to Palm Beach, billionaire buyers are snapping up ultra-luxury estates, redefining the region’s real estate landscape.
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Historic London penthouse from ‘Oliver!’ is selling for $3.54 million
A stunning penthouse in a converted warehouse that once served as a backdrop for the 1968 Oscar-winning film ‘Oliver!’ is now on the market for £1.85 million (AUD $3.54 million).
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New Orleans continues rebuilding 20 years after Hurricane Katrina
Nearly 20 years after Hurricane Katrina, New Orleans is still repairing homes and reinforcing flood protection systems following the storm that caused US$201.3 billion in damages, killed over 1,800 people, and displaced millions.
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Britney Spears’ former Beverly Hills home listed for $12.2 Million
A Beverly Hills mansion once owned by Britney Spears is back on the market with an asking price of $8 million (AUD $12.2 million).
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Renée Zellweger’s former California ranch Listed for sale
A sprawling Southern California estate once owned by Renée Zellweger has hit the market for $7.995 million (approximately AUD $11.5 million).
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UK student housing market sees record investment from real estate developers
Real estate developers are investing heavily in the UK student housing sector.
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Andy Cohen drops $2 million off the price of his West Village, NY apartment
Bravo star Andy Cohen has reduced the asking price of his luxurious New York City duplex by $2 million (AUD 3.05 million), six months after initially listing it for $14 million (AUD 21.4 million).
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Steve Wynn re-lists lavish Beverly Hills mansion for US$75 Million
Billionaire casino mogul Steve Wynn has put his Beverly Hills estate back on the market for US$75 million (AUD$114 million), marking another attempt to sell the sprawling property after multiple price adjustments over the years.
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