INTERNATIONAL
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REA Group celebrates ‘excellent results’ in annual report
REA Group have delivered an annual shareholders report that celebrates a number of wins in what Chairman Hamish McLennan calls "unprecedented market conditions."
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Rob Lowe sells stunning Montecito mansion for $63.4m
To quote his character from Parks and Recreation, Rob Lowe is, literally, on top of the world right now. After two years on the market Rob and wife Sheryl Lowe have managed to sell their Rob and Sheryl Lowe have shown that patience is not only a virtue, but often…
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Zillow moves further into residential real estate with new Homes division
The world's largest real estate listings company Zillow are planning a larger move into the residential real estate space, although they insist they will not be poaching agents from other businesses.
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LJ Hooker honours top performers at International Awards
LJ Hooker has recognised its top performers across Australia and New Zealand at its annual International Awards Night, held virtually this year. LJ Hooker Network Chief Graeme Hyde said the awards night is the most important event of the year, especially during these unprecedented times. “With the year 2020 has…
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RE/MAX top real estate franchise on international Top 200 list
For the twelfth straight year, RE/MAX has ranked as the No. 1 real estate franchise brand in the annual Franchise Times Top 200 list, based on global sales. RE/MAX Australia Managing Director, Joel Davoren, said the honour reinforced the enduring quality of the brand, and its resilience, innovation and leadership. “This recognition reflects the quality of RE/MAX broker owners and agents around…
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Scott Morrison names six priority areas in $1.5 billion plan to boost manufacturing
The federal government is selecting six priority areas for support in a $1.5 billion manufacturing plan Scott Morrison will outline in a pre-budget address. They are resources technology and critical minerals processing, food and beverage, medical products, recycling and clean energy, defence, and space. The plan will also focus on…
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Harcourts International announces new COO
Harcourts International has announced the appointment of a new Chief Operating Officer, with Andrew Friebe stepping into the role. Announcing the appointment, Harcourts International CEO Steve Caradoc-Davies said it gave him great pleasure to welcome Mr Friebe back to the corporate leadership team at Harcourts. “His in-depth knowledge and understanding of real estate, both within a real estate business and…
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The unassuming house with a skatepark inside
From the road, you'd never imagine that the unassuming house above contains an entire skatepark that draws professional skaters from around the world.
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RE/MAX expand to four new countries in 2020
RE/MAX continues to expand to more countries and territories around the world, with the brand setting up office in four new countries this year. “RE/MAX added Belgium, Moldova, North Macedonia and St. Lucia in the…
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Co-living company Hmlet moves into property and lifestyle sector
Hmlet, Asia-Pacific’s fastest growing co-living company, announced a range of products that see them enter the property and lifestyle space. “The goal of Hmlet’s new product lines is to change the way people live for…
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LJ Hooker turns 92, and partners with headspace
On September 20, 1928, Leslie Joseph Hooker opened a real estate office in Maroubra, a beachside suburb roughly ten kilometres from the Sydney CBD.
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The pandemic has changed what buyers want, and developers are following suit
The pandemic has changed how and where people want to live, and what features they are now looking for in a house.
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Australia hits Top 20 in Global Home Price Index
Australia has ranked 19th in the world for house price growth for the year to June 2020, according to the Knight Frank Global House Price Index Q2 2020. The index tracks the movement in mainstream residential pricesacross more than 50 countries and territories worldwide using official statistics. It showed Australia’s house prices grew 6.1 per cent over the year to…
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Have we just stumbled on the biggest productivity increase of the century?
One of the most striking responses to the COVID-19 pandemic has been the sudden shift of around half the workforce to working at home. In many cases, this was combined with an equally sudden shift to home schooling. Contrary to what might have been expected, working from home was one part of the pandemic response that went remarkably smoothly. Most…
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Game of Thrones star Emilia Clarke lists LA beach house
Game of Thrones star Emilia Clarke is hoping to net somewhere in the region of $6.8 million (AUD) for her Venice beach house, which was recently put on the market. In terms of Californian pads owned by movie stars, this one is rather modest, sporting only two bedrooms and three bathrooms – a “single family home” according to the listing.…
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Amazon launch new Alexa tool for property managers
Amazon has launched Alexa for Residential in response to a survey that found the majority of renters want smart home amenities. According to US National Apartment Association, 84 per cent of renters want an apartment with smart home amenities; 61 per cent said they would pay a monthly fee for a voice assistant. The new tool allows property managers and…
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Look inside Justin Bieber’s $25.8 million bargain in Beverly Park
Justin Bieber and wife Hailey Baldwin have scored themselves a massive six-bedroom mansion in Beverly Park for a cool $25.8 million. The property was built in 1988, and first went on the market in April, 2018, with an asking price of $42m; enough to make it realtor.com’s most expensive listing of that week. Since that point, the price dropped incrementally,…
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J-Lo & A-Rod’s new Florida home
Jennifer Lopez and baseball star Alex Rodriguez share a love of real estate, and together they’ve been collecting houses almost as often as Rodriguez collected base hits. Now TopTenRealEstateDeals.com reports the couple have bought another mansion – this time on South Florida’s island of super-rich CEOs and entertainers. Listed at $40 million, the property is located on one of several…
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Harvard economist: Australia has most overvalued property prices in world
Leading Harvard economist Harry Dent has warned he believes Australian property prices are set for a huge fall. Dent is a Harvard MBA graduate, a Fortune 100 consultant, a New York Times bestseller, and claims to have correctly predicted “nearly every major economic event in the past three decades including the 90s recession, the decade-long bull market which followed it,…
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Inside Brad Pitt and Jen Aniston’s Beverly Hills love-nest
The house Jennifer Aniston and Brad Pitt bought in 2000 for US$13.5m has just sold for $32.5m, more than double what they bought it for two decades ago. The Beverly Hills mansion was built in 1934 for old-timey Hollywood actor Fredric March. It was listed last year for $56m, but attracted little interest. The price was lowered a number of…
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Global commercial real estate investment takes a dive
COVID-19, and all the associated economic and geographic headaches it brought to the world, has led to a major slump in commercial real estate investment volumes, which fell across all three global regions during the first half of 2020. Commercial real estate investment fell 29 per cent globally, to $321 billion in the first six months of 2020 compared to…
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NZ updates tenancy rights, as REINZ warn of consequences
New Zealand parliament has passed a bill that will modernise the 1986 Residential Tenancies Act. The Government says most of the reforms won’t come into play for another six months, allowing tenants and landlords time to adapt. Changes include the removal of no-cause termination, limiting rent increases to one a year, and allowing DV victims the ability to end a…
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Queenstown rents take a hit as tourism dries up
As average rent prices climb across New Zealand in spite of the pandemic, tourist town Queenstown has seen its rent prices plummet by 10 per cent since the same time last year. According to MBIE’s data, average rents for NZ rose by 4.8 per cent in the three months to June since the previous year. Surprisingly, rent prices in many…
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Britney’s hideaway back on the market
The Beverly Hills home where Britney Spears went into hiding in 2007, after divorcing her husband and becoming the target of paparazzi, is back on the market, at a cool $6.8 million. Spears lived in the house from 2007 to 2012, when she sold it at a $2m loss. The house was listed for $9 million in 2018, but did…
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Inside model Gigi Hadid’s colourful house
Model Gigi Hadid may be paid millions to wear the latest in fashion, but as the furnishings in her New York apartment show an eclectic taste in home furnishings. The model has posted photos of the interior of her apartment, and it’s colourful, to say the least. “Spent all of last year designing and curating my passion project/dream spot,” she…
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Jon Bon Jovi flips $20m mansion, buys $43m estate a few blocks away
After a four-decade career, 130 million album sales, and tours to over 34 million people worldwide, it’s safe to say that Jon Bon Jovi isn’t living on a prayer anymore. He is also quite the house flipper. In one single day last week, he sold a Palm Beach pad he and his wife had renovated only a few months ago…
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Commercial real estate investment down 32% in Asia Pacific
JLL have delivered some not-so-surprising news: Commercial real estate investment across Asia Pacific fell by 32 per cent in the first half of 2020. Investments were down 26 per cent during the first quarter, rising to 39 per cent in the second quarter, as travel bans, economic hardship, and lockdowns impacted the real estate market. Singapore was the hardest hit…
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Key-free locks are the new real estate must-have
Earlier this month, we wrote about the first office block in Australia to incorporate completely hands-free entry. While the developers on that high-rise had the somewhat prescient technology in the pipeline well before COVID-19 caused us all to think differently about public space, a start-up in Los Angeles is finding their hands-free offering is suddenly a hot commodity. Openpath just…
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Why COVID-19 might not change our cities as much as we expect
The coronavirus pandemic has thrust us into a moment of rapid change. Like all change, it is difficult to predict. But lessons from history provide us with two important insights. First, temporary change sometimes has remarkably little lasting effect. Second, what looks like a lasting effect is often the acceleration of existing trends, rather than new, crisis-caused trends. COVID-19 impacts…
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LeBron James treats himself to a $56m Beverly Hills mansion
Since signing a four-year, A$221m deal with the L.A. Lakers in mid-2018, NBA superstar LeBron James has splashed out on three mansions in the city. His latest purchase is his most lavish yet, – a $56 million Beverly Hills pile, formerly owned by Lee Phillip Bell, creator of The Young and the Restless, and The Bold and the Beautiful, among…
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US billionaire eyes investment in LJ Hooker
US billionaire Michael Fuchs has his sights on the Australian market, with plans to inject $35 million equity into LJ Hooker. In 1991, New York-based Mr Fuchs and a childhood friend foundered RFR Holdings, a real estate portfolio now worth north of $20 billion. Their assets include the Seagram Building, the Chrysler Building, and Hotel Paramount in Manhattan, Dexter Station…
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Never say never: Bond villa up for sale
Sir Sean Connery was the quintessential James Bond. The screen’s original 007: smart, handsome, refined, debonair and the most popular of the nine actors who took on the classic-spy role created by British-naval-intelligence-officer Ian Fleming in 1953. Instantly recognized by most people through the James Bond film franchise of the 1960s to ‘80s including Goldfinger, Diamonds are Forever, Dr.…
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Realtor.com names Rachel Morley as Chief Product Officer
Real estate technology platform Realtor.com has promoted Rachel Morley to Chief Product Officer, where she will lead product strategy for the company. For more than two decades, Ms Morley has helped companies conceive, create and evolve products and technology practices that help organisations and their customers succeed. David Doctorow, CEO of Move, Inc, operator of realtor.com, said Ms Morley is passionate about…
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Sylvester Stallone’s stunning California mansion
Sylvester Stallone has recently put his stunning Californian mansion on the market for US$3.35 million. According to TopTenRealEstateDeals.com, Stallone will retain bi-coastal residences in Los Angeles and Coconut Grove in Miami, but recently listed his golf club home in La Quinta, California. La Quinta, in suburban Los Angeles, is famous for its abundance of golf courses and is also where Frank…
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Would you buy a home without stepping foot inside?
US-based website realtor.com has released the results of a new consumer survey highlighting COVID-19’s impact on home buying, selling and moving in the age of social distancing. The survey found that American consumers, especially younger demographics, want virtual tours and are warming to the idea of buying a home without visiting it in person. Realtor.com and Toluna Insights surveyed 1,300 consumers during the…
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