Real Estate News
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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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REA Group celebrates Australia’s Property Managers
REA Group is today applauding its Property Manager customers across the country on National Property Managers Day.
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Elite Retreat giveaway winners announced
An app that powers up a consumer’s knowledge bank before they buy or sell a home and increased use of video messaging are among the trends agents have tipped to play out in the industry in 2023.
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Sofia Vergara and Joe Manganiello selling their Beverly Hills estate
After having settled into their new Beverly Park mansion, celebrity couple Sofia Vergara and Joe Manganiello have put their old Beverly Hills estate on the market for US$19 million.
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ANZ says cash rate will hit 3 per cent this year
One of Australia’s biggest banks has dramatically revised its interest rate forecast, predicting the Reserve Bank of Australia will lift the cash rate above 3 per cent this year.
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Upside Realty offers three new payment models for agents
A national fixed-fee agency will now offer a full-fee option, giving agents a choice of how they are paid, with commission splits of up to 75 per cent. Upside Realty, which launched in 2017, said ‘Upside Performance’ would be an agent-driven pricing model with three distinct options for agents. Option one is an employment model where the company pays the…
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Real estate industry celebrates National Property Managers Day
Often the unsung heroes of a real estate agency, property management can a tough gig that requires a specialised skillset and dedication.
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Rate rises now to avoid sharper economic slowdown
The Reserve Bank of Australia hopes taking swift action on soaring inflation will halt the need to increase the cash rate as high as previous economic cycles.
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Busy Philipps, Marc Silverstein list secluded Hudson Valley retreat
Freaks and Geeks star Busy Philipps and her former husband, rom-com writer-director Marc Silverstein have put their Hudson Valley property on the market for US$1.75 million.
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Growing crane count suggests construction activity is on the rise
Construction activity across Australia continues to ramp up, with the latest Rider Levett Bucknall's Crane Index showing the first increase since prior to the pandemic in early 2019.
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Music keeps Amy Bennett on the right track
Amy Bennett has always been a massive music fan.
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Outer Melbourne and regional Victoria continue to set record prices
Melbournians have continued to leave the inner-city, with values in outer suburbs and regional areas at record highs.
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Sandra Bullock rents out her Malibu Beach cottage
Miss Congeniality star Sandra Bullock is putting one of her two Malibu homes up for rent with an eye-watering price tag of US$30,000 per month.
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First home buyers exceed their budget to get on the property ladder
Record high home prices and underquoting are forcing first home buyers to pay more than they expected with 37 per cent exceeding their budget.
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Home prices falling in 40 per cent of markets
Declining property prices have gathered steam with 40 per cent of house and unit markets falling in the past three months.
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Michael Conolly joins Stone Real Estate
Industry expert Michael Conolly has joined Stone Real Estate with a view to strengthen franchisee’s property management businesses as the sector heads towards what he terms the “GFC 2.0”. Mr Conolly had his first day as Head of Network Property Management last week and said his role would involve guiding franchisees on business areas such as staff retention and reward,…
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Leonardo DiCaprio lists posh Beverly Hills mansion for rent
Titanic star Leonardo DiCaprio has put one of his LA mansions on the rental market with an eye-watering price tag of US$32,500 per month.
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Office occupancy levels hold steady in June
Workers returning to CBD offices has slowed down last month, as the impacts of floods, the flu season and interruptions to rail networks forced people to stay home.
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Prospective Perth tenants lose thousands in rental scams
Scammers have targeted prospective tenants in Perth, with two unsuspecting victims losing $23,500.
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Sixth week of auction clearance rate below 60 per cent
Auction activity remains 20 per cent lower than this time last year, with 1667 properties taken to auction this week, resulting in a preliminary clearance rate of 56.4 per cent.
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Sofia Richie and Elliot Grainge pay $27 million for elegant Brentwood Park Estate
Sofia Richie and her fiancée Elliot Grainge have picked up a traditional-style LA mansion for US$26.9 million.
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