Real Estate News
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South Australian property continues to buck the trend
The South Australian property market continues to show “resilience”, extending its record-breaking run of quarterly price increases.
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Don’t let FOMO ruin your home time
How many times have you said: “I wish I could turn off the phone after hours but just can’t risk it”?
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Adaptive reuse of old buildings on the rise across Australia
The redevelopment of old buildings across Victoria is starting to gather steam as developers look to find creative ways to utilise older buildings that have outlived their purpose.
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Brad Pitt buys a historic $40 million Carmel estate
Brad Pitt has set an area record with his US$40 million purchase of a century-old estate in California’s unincorporated Carmel Highlands community.
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Renters being forced to give up pets to find a home
Renters are being forced to choose between keeping their pets and being able to find a place to live, with hundreds giving up their pets each year.
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Another big name signs on to use Propic AI technology
One of Australia’s best real estate agents, Vivien Yap, will introduce Propic Artificial Intelligence technology to meet her clients’ expectations for 24/7 customer service.
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ANZ cuts new customer variable rates by up to 0.50 per cent
Despite the Reserve Bank of Australia hiking the official cash rate and fixed rate loans rising, ANZ has come out and cut new customer variable rates by up to 0.50 per cent.
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WA investors to sell up if tenancy laws change
More than half of WA property investors would consider selling their rental properties should significant changes be made to WA tenancy laws.
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Jeff Bezos’ parents buy $74 million Florida compound
Miguel and Jacklyn Bezos the stepfather and mother of Amazon boss Jeff Bezos are believed to have purchased two side-by-side mansions in Florida’s Coral Gables for US$74 million.
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Third week of increasing auction volumes
Auction activity has risen for the third consecutive week, with 1909 properties taken to auction across the major capitals to return a preliminary clearance rate of 58.8 per cent.
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Units outperform houses as buyers hunt for value
Buyers are on the lookout for more affordable housing options as rising interest rates make units more appealing.
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RBA a “near certainty” to raise rates next week
Australia’s hottest rate of inflation in 21 years means the Reserve Bank of Australia is a “near certainty” to hike the official cash rate 0.5 per cent on Tuesday, according to experts.
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Justin Bieber’s Hawaii vacation home hits the market
The infamous Hawaii vacation home Justin Bieber leased for his entourage in 2016 is on the market for US$9.95 million.
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Californian treehouse for sale for US$3.8 million
A Californian coastal property has given a whole new meaning to the word ‘treehouse’, with a massive oak tree winding its way straight through the one-bedroom house.
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Conan O’Brien lists his luxury beach house
Funnyman Conan O’Brien is selling his Santa Barbara beach house for a tidy profit, asking US$16.5 million.
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Home prices to fall 5 per cent by end of the year
Rising interest rates could see property prices drop by up to 5 per cent between now and the end of the year, according to a new report.
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Regional property price boom is not done yet
Regional cities like Albury-Wodonga, Tamworth and Bundaberg could continue to experience price growth despite the national property downturn.
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Office market leads the way as commercial sales break new ground
Commercial property transactions set a record pace last financial year, with buyers taking advantage of the low interest rate environment.
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New Zealand property prices face a test as interest rates rise and sales volumes fall
The New Zealand property market is going to face a “test” as rising interest rates and a wave of refinancing jolt the market in the next 12 months.
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Doja Cat selling her Beverly Hills home
TikTok meme queen-turned-international popstar Doja Cat has listed her Beverly Hills Home for US$2.495 million.
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One in five first home buyers take a year to buy a property
Tight supply and rapidly rising prices has seen many first home buyers taking over two years to purchase a property.
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Westpac and NAB predict two more 50bps rate hikes
Borrowers should brace themselves for “more rate pain”, as Westpac and NAB follow ANZ predicting the Reserve Bank of Australia will lift the official cash rate higher and faster than previously expected.
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The slowdown we had to have?
Australia's median house price increased by 32 per cent from March 2020 to December 2021, making it the fastest period of price growth we have ever experienced.
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HTW: rising costs slowing industrial development
Rising construction costs and higher land values has slowed the initiation of new development across the industrial sector according to the latest Herron Todd White (HTW) Month in Review.
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The three buckets you need to fill for success
Leading a successful real estate office requires energy as well as business acumen and Phill Broom ensures he is ready for the busy day ahead with his morning exercise workout.
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Actress Jaime King selling Walt Disney-built home in Beverly Hills
Fresh from her divorce from director Kyle Newman, actress Jamie King is moving on with her life, listing her longtime home in the mountains above Beverly Hills for US$2.8 million.
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RE/MAX makes key appointment for rent roll growth
Well-known WA real estate professional Tracy Kriwopischin joined the RE/MAX Extreme team this month in a career move that draws on her property management expertise.
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What kind of property will $700,000 buy you?
After two years of record price growth, there are still opportunities to find good value properties for under $700,000 around the country, according to the latest Herron Todd White (HTW) Month in Review.
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Vanessa Hudgens trades up to Los Angeles mansion
High School Musical star Vanessa Hudgens is moving back to her old neighbourhood, trading up to a US$7.5 million Studio City mansion.
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Queensland rental market feeling the ‘squeeze’ of tight vacancy rates
Incredibly tight rental conditions are continuing to ‘squeeze’ renters across Queensland, with many areas still experiencing vacancy rates below 1 per cent.
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Further increases in the cash rate will be needed: RBA
The official cash rate is still lower than it needs to be, according to the Reserve Bank of Australia, who maintain households are well-positioned for higher borrowing costs.
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Auction activity increases for second consecutive week
Auction activity has risen for the second consecutive week, with 1818 homes going under the hammer across the combined capital cities this week, resulting in a preliminary clearance rate of 56.1 per cent.
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Chinese property buyers to return to Australia
Chinese property buyers are likely to head back to Australia sooner than expected as Australia emerges from COVID stronger than many other countries, according to an expert.
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Commercial property settlements surged higher last financial year
The volume of commercial property settlements has surged by as much as 60 per cent across the east coast of Australia, according to new data.
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Steph Curry pays over asking price for Florida vacation house
Fresh from leading the Golden State Warriors to a fourth NBA championship, Steph Curry has celebrated by picking up a Florida vacation home.
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