Real Estate News
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Real estate developer builds voice-activated homes in Ghana
A real estate developer in Ghana has taken on the task of building a community of futuristic homes to help enhance the local neighbourhood.
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Property upswings trump downturns over the past 30 years
Upswings in Australian property have been larger and longer than the subsequent downturns where prices slightly decline or just flatline according to new research.
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One in five ACT landlords plan to sell if rental changes come in
Proposed changes to the Residential Tenancies Act in the ACT could lead to one in five investors selling their rental property.
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China crisis wipes out $90 billion from developers
Chinese property developers have seen the value of their stocks fall by US$90 billion as the China crisis worsens.
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Lendlease is making a $350 million play for a famous Perth skyscraper
Lendlease is targeting a famous Perth skyscraper developed in the 1980s by infamous WA entrepreneur Alan Bond.
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Rent.com.au launches single-tap build-to-rent search functionality
Build-to-rent is set to revolutionise renting in Australia and Rent.com.au is the first portal to build a single-tap search filter to help renters locate and apply for the new developments.
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Offshore apartment buyers are on their way back
It has been a slow few years for offshore buyer activity in Australia.
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WeWork founder looking to take on housing availability
Founder of shared office space provider, WeWork, Adam Neumann is looking to take on the issue of housing affordability in the US with a new startup.
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Larry Ellison lists Palm Beach mansion for $145 Million
Billionaire Oracle co-founder Larry Ellison is selling one of his many million-dollar homes, listing Seminole Beach estate for US$145 million.
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Home builders to weather the interest rate storm
Home builders are well positioned to handle higher interest rates, believing the events of the past two years have been more difficult to contend with.
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The value of new loans fell 4.4 per cent in June
The value of new home loans across Australia has fallen 4.4 per cent last month, continuing to soften from the peak of $33.2 billion in January.
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Preliminary clearance rate holds above 60 per cent
The preliminary clearance rate has held above 60 per cent for the second consecutive week, despite an uptick in the volume of auctions.
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TRG names new Commercial Director as the group embraces expansion
Within two months of announcing its plans for expansion, The Rubinstein Group has named Jake Fahd as the director of its new commercial division.
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John Minns reinstated as NSW Property Services Commissioner
In a surprise move from the NSW Government, John Minns has been reinstated as Property Services Commissioner just weeks after it announced he would be replaced with an independent statutory Property Services Commissioner.
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Rihanna takes a loss on her modern Hollywood Hills villa
Singer Rihanna hasn’t been able to capitalise on the strong US real estate market over the past few years, taking a loss on the recent sale of her Hollywood Hills villa.
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Regional prestige lifestyle areas the first to show weakness
Rampant house price growth in regional lifestyle areas, previously fuelled by Covid lockdowns, has started to turn, with the prestige market falling first.
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The areas where property price growth is still occurring
Despite property values starting to fall in the larger capital cities, there are still multiple locations around the country that are likely to still see price growth according to an expert.
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Cold, unhealthy rental homes don’t meet international standards
Australian renters are being forced to live in cold, unhealthy homes that aren’t meeting international standards on indoor temperatures according to a new report.
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Record breaking US home back on the market
A Beverly Park estate, situated in the most exclusive part of Beverly Hills, California, is headed to auction with an asking price of nearly US$80 million.
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Profitable resales start to fall across New Zealand
Profitable resales across New Zealand have started to fall as interest rates rise and a surge in listings weighs on the property market.
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Inside Real Housewives Diana Jenkins’ ultra-modern Beverly Hills mansion
Real Housewives of Beverly Hills star Diana Jenkins might own a Hidden Hills estate, but she is currently leasing a US$17.4 million Beverly Hills mansion as she shoots the latest season of the hit show.
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AI digital assistant RiTA now integrates with PropTech Group’s Eagle CRM
PropTech Group's Eagle CRM is the newest addition to the list of CRM's digital assistant RiTA plugs into. The integration allows real estate agencies using Eagle CRM to generate more leads from their CRM and clean their data through the power of Artificial intelligence (Ai) and automation.
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REA Group retains top four position in Australia’s Best Workplaces
Great Place to Work has named REA Group Australia’s fourth Best Workplace for 2022 in the large company category.
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Domain records strong financial year results
Significant growth in Domain’s residential online business, including a 9 per cent jump in listings, has underpinned the group posting revenue of $357 million for the 2021-2022 financial year.
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Crypto king buys Toorak ghost mansion for $80 million
A mysterious crypto king has splurged a stunning $80 million on an unfinished Toorak mansion, setting a state record in the process.
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This is Us star Milo Ventimiglia buys a secluded Malibu getaway
This is Us and Gilmore Girls star Milo Ventimiglia has paid US$4.4 million for a modern, ocean-view, ranch house in the far reaches of Malibu.
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Industrial assets could be a good inflation hedge
Industrial assets could be a good hedge against ongoing inflation pressures but not all commercial assets will be as effective according to an expert.
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145,000 homeowners would consider selling if rates rise
Over half a million Australian households would struggle to pay their mortgage, with many forced to sell, if interest rates rose three per cent according to a new survey.
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New property.com.au marketplace boosting vendor confidence
REA Group’s property research destination, property.com.au, has today launched a new consumer Marketplace aimed at removing more barriers for buyers and sellers.
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Macaulay Culkin buys Kiefer Sutherland’s Toluca Lake estate
Home Alone star Macaulay Culkin and his fiance Brenda Song have been named as the mystery buyers of Kiefer Sutherland’s Toluca Lake estate.
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Domain launches ‘find your way home’ spring campaign
Leading property marketplace Domain has launched its national multichannel spring campaign via DDB and PHD following another successful year, which saw digital audiences peak to 8.4 million in a month.
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Big banks pass on the full 0.5 per cent rate hike
Three of the big four banks have passed on the Reserve Bank of Australia's full August interest rate rise of 0.5 per cent.
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Nerida Conisbee: Why mortgagee sales are rising
Cost of living pressures and mortgage stress has seen the number of mortgagee sales increase according to new data.
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Free real estate job search website launched
Entry Education has broken new ground with the creation of an innovative job search website designed by property professionals for property professionals.Â
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Top locations for investors with a $100k deposit
Outer city and regional areas are providing the best value for investors with a $100,000 deposit according to new research.
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