INTERNATIONAL
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World’s most expensive home to be worth US$1 billion
Billionaire Ken Griffin is raising the bar on luxury living with plans to build the world’s most expensive home in Palm Beach, Florida.
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Private island oasis up for grabs for US$15 million
Many buyers may dream of owning their own private island but it’s not too often one comes on the market.
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3 things you need to know about the US buyer-agent commissions trial
Week one of the Sitzer/Burnett class action lawsuit has drawn to a close, in a case that has the potential to shake up the industry and change the way US agents get paid.
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Home design trends to watch in 2024
Brutalist design elements, Murano glass chandeliers and cold plunge pools are set to transform homes and dominate social media feeds in 2024.
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Anywhere and RE/MAX commit to clear costs in commissions case
Anywhere Real Estate and RE/MAX will require their agents to be clear and transparent about the cost of buyer agent services as part of their bombshell commission settlements in the US.
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Generative AI tops global CEOs’ investment list
Generative AI is the top investment priority for 70 per cent of company leaders across the globe, according to new research from KPMG.
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Richest US landlords see their wealth surge in 2023
Despite higher interest rates weighing on property prices, the wealth of the richest real estate tycoons in the US continues to skyrocket.
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PEXA to strengthen UK expansion with acquisition of Smoove
Digital property exchange platform PEXA is set to acquire UK-based e-conveyancer, Smoove, in a $58.6 million (£30.8 million) deal.
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Supreme Court rejects landlords’ challenge to NY rent law
The US Supreme Court has declined to hear a challenge to New York's rent stabilisation law, dealing a blow to landlords seeking relief from state rent controls.
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US home values are up $2.6 trillion in 12 months
US home prices have bounced back from last year's short-lived downturn with values up $2.6 trillion in the past 12 months according to new data.
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Sydney property is overvalued but not at risk of entering a property bubble
Sydney real estate might be overvalued, but it’s not at risk of being in a bubble according to a new index.
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Agencies pay millions to settle lawsuit over agent commissions
US-based brokerage RE/MAX has reached a settlement in two class-action lawsuits filed against it over agent commission payments.
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Sydney’s super-prime home sales double
The number of super prime sales above US$10 million have doubled in Sydney, according to the latest Global Super-Prime Intelligence report.
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Major real estate firms suffer multi-million dollar losses as WeWork teeters on brink of collapse
Real estate firms who backed troubled shared workspace provider, WeWork, when it went public two years ago have now reportedly lost millions of dollars.
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Troubled Chinese developer Evergrande files for bankruptcy
Troubled Chinese developer Evergrande has filed for bankruptcy in the US as it attempts to work out an offshore debt restructuring plan for its $468 billion in liabilities.
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Real estate group creates AI avatar to liaise with buyers
In an American first, a luxury real estate group in the US has created an AI avatar that buyers can liaise with to search for homes.
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Stunning 3D-printed hotel to be created in Texas
Cutting-edge 3D printing technology will be used to create a stunning hotel in Texas that will feature never before seen architecture.
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US-based Compass is cash flow positive for the first time since going public
Compass, the largest real estate brokerage in the US, has posted a profit for the first time since going public and has increased its market share.
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Art the leading luxury investment, not real estate
Art has topped the list of best-performing luxury investment class ahead of other popular categories including watches, jewellery and coins.
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RE/MAX opens its first office in tropical Fiji
RE/MAX is set to open its first office in Fiji, with local agent Paula Benn set to lead the business as broker-owner.
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Grand $17.5 million mansion with an epic saltwater aquarium goes up for sale near Manhattan
Just a 30-minute drive from the bustling heart of Manhattan lies Villa Paradiso, a Mediterranean-inspired mansion in Rumson, New Jersey, listed for a whopping $17.5 million.
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First 3D-printed house in Wolf Ranch completed
The first house in the world's largest 3D-printed neighbourhood has just been completed.
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Florida law bans some international buyers
Certain groups of foreigners will no longer be able to purchase property in Florida in the US after Governor Ron Desantis signed a new bill limiting foreign ownership.
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Wealthy migrants flock to Australia for schools, lifestyle and financial safety
If you could live anywhere, where would it be? For the world’s wealthy, Australia is a top pick.
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Aussie small towns among the world’s most beautiful
Port Fairy on Victoria’s Shipwreck Coast and Esperance, on Western Australia’s South Coast, have been named in Architectural Digest’s 50 Most Beautiful Small Towns in the World. The list, which is compiled annually, also includes towns such as Albarracin, in Spain, where the pink and orange coloured buildings blend seamlessly with their rocky mountain backdrop. Then there’s Banos, in Ecuador,…
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Dubai’s Marble Palace offers $204 million in opulence
Known for its opulence, Dubai has set a new benchmark, with the city's priciest home listed for a staggering US$204 million through Sotheby’s International Realty, United Arab Emirates.
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Sydney’s prime rental market hits new heights
A chronic undersupply of existing rental stock and low construction volumes have fuelled a surge in Sydney’s prime rents, with the city jumping to third on a global list measuring luxury residential rental growth.
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Outlandish Oklahoma property looks normal on the outside but is vibrant on the inside
From the outside this unassuming Oklahoma property looks like your typical suburban, family home.
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Unlocking the potential: Transform winners experience breakthroughs with AI and efficiency
Artificial Intelligence mastery, soaring productivity and a more purposeful, peaceful workday are just some of the improvements the latest cohort of Transform winners have reported in their business after completing the 30-day challenge.
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Apple unveils groundbreaking spacial computer called Apple Vision Pro
Apple has introduced Apple Vision Pro, a groundbreaking device that seamlessly integrates digital content with the physical world, while keeping users connected and present.
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OpenAI’s ChatGPT Plus revolutionises user experience with 70+ powerful plugins
OpenAI has unleashed a suite of more than 70 third-party plugins for its ChatGPT Plus users to visualise and analyse data, parse website content, ask PDFs questions, help them househunt and even assist them to learn foreign languages.
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Market downturn sees eXp World Holdings revenue and profits fall
eXp World Holdings, the parent company of virtual real estate brokerage eXp Realty, has announced its financial results for the first quarter of 2023 with significant drops in revenue and profit.
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Redfin joins the AI race – launches chat-based search plugin
The AI race is well and truly on in the US with real estate brokerage Redfin launching a ChatGPT plugin just days after Zillow did the same.
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Zillow launches ChatGPT plugin for seamless house hunting.
Buyers will no longer have to fall down the endless scroll hole when searching for a property in the US, with Zillow launching a game-changing plugin that will transform the house hunting experience.
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Technology and digitisation to disrupt 23 per cent of jobs
Almost one-quarter of jobs will be disrupted in the next five years, with technology and digitisation fuelling the fastest growing and declining roles.
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