Real Estate News
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Home prices fell in May as interest rates rose
Home prices across the country fell for the first time since the start of the pandemic just as homeowners saw the first RBA rate rise in over a decade.
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Top Gun: Maverick star Jay Ellis picks up new million dollar home
Top Gun is back in cinemas and smashing box office records while one of the movie’s stars has already started making the most of his success buying a new US$4.5 million LA home.
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Prices fall in inner-city and expensive suburb micro markets
Micro markets in major capital cities have started to weaken, with prices falling as much as 8.5 per cent in the past three months. The latest CoreLogic Property Pulse showed inner-city and upper-quartile suburbs in Sydney, Melbourne and Canberra have led the price falls with suburbs such as Sydney’s Beaconsfield dropping 8.5 per cent in the past three months. In…
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The highlights from AREC 2022 – Day 2
Just as Day 1 delivered something for everyone, Day 2 at AREC 2022 saw plenty of laughter, a few tears and a host of inspiring takeaways. We were there for all of the action once again and have narrowed down our Day 2 highlights… Mel Robbins The 5 Second Rule In one of the most highly anticipated sessions of the…
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RBA examines the post-pandemic housing market
Property prices have increased, the construction industry is at capacity, and the average Australian household size has fallen throughout the course of the COVID pandemic. But will these trends continue into the foreseeable future?
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Harcourts paints the Gold Coast blue
Harcourts agents, business owners, administrators, property managers and support teams have descended upon the Gold Coast for the annual HX Conference, the first in-person to be held since COVID-19.
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The highlights from AREC 2022 – Day 1
More than 4000 real estate professionals packed the Gold Coast Convention and Exhibition Centre yesterday for Day 1 of AREC 2022.
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Preliminary clearance rate rises on the back of auction surge
This week proved the busiest auction week since the pre-Easter spike, with 3229 properties going under the hammer across the combined capitals to record a preliminary clearance rate of 63.7 per cent.
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X Commercial secures industry expert Darron Levin
X Commercial has secured a key signing for its agency and launched a new subdivision called X Commercial Capital as it continues its rapid growth trajectory. Darron Levin comes from Intera Group where he spent the past 10 years as general manager of property. He was instrumental in growing this into a billion-dollar institutional property company. Mr Levin has…
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Demand for Queensland land driving prices higher in growth corridors
A major shortage of land across South East Queensland’s growth corridors has driven up prices for new lots.
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Buckingham Palace valued at £1.3 billion
If you wanted to get a taste for the life of a Royal and live in Buckingham Palace you’re going to need to come up with £1.3 Billion (AUD$2.3 Billion).
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The East Coast’s most affordable and liveable suburbs
Sydney and Melbourne are becoming opportune markets for buyers with a growing list of affordable suburbs according to a new report.
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Australian home ownership rates lowest on record
The proportion of Australians who own their own home continues to sit at record low levels, new data has revealed.
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Auction numbers to bounce back after the Federal Election
Auction volumes are set to rise sharply this weekend following lower volumes last week as a result of the Federal election.
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Innovators join forces: Propps and Agents’Agency strike partnership
PropTech game changer Propps has joined forces with the Agents’Agency to empower the independent real estate network’s agents with its innovative digital offer management system, driving new efficiencies for its people while enhancing the buying and selling process for its customers.
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Cost of living pressures the leading concern for Australian voters
The cost of living, healthcare, and housing affordability are top of mind for Australians on the back of a Labor victory, according to new research.
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Michael B. Jordan picks up brand-new Encino mansion
Black Panther star Michael B. Jordan has upgraded his living situation with the US$12.5 million acquisition of a brand-new mansion in L.A.’s popular Encino community.
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NBA’s Ben Simmons looking to flip his Hidden Hills mansion
Fresh from a trade from the Philadelphia 76ers to the Brooklyn Nets, Aussie NBA star Ben Simmons is now looking to offload his Hidden Hills Mansion in LA for US$23 Million.
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Foreign buyers behind half of 2022 commercial property investment
More than half of all commercial property sales in 2022 have been to overseas buyers according to new data from Ray White Commercial.
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AI lead generation proves its power in regional areas
Concerns over whether Ai technology could work in regional areas are very common across real estate agencies doing business there.
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People and property are the top priorities for new RE/MAX agent
Tracey Catley joins the sales team at RE/MAX Xtra in Paramatta with a track record of integrity, relationship-building and successful outcomes, and a diverse skillset honed across the pharmaceutical, retail and health and wellness sectors, prior to her move into real estate sales.
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Amy Schumer lists ‘garden in the sky’ penthouse
Comedian and actress Amy Schumer is selling her beloved Upper West Side penthouse that she shares with her husband, chef Chris Fischer and their three-year-old son.
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Busselton is WA’s best performing regional centre in 2022
Busselton was the top-performing regional centre across WA during the March 2022 quarter, with prices increasing 5.5 per cent to $580,000.
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Demand for industrial space sees vacancy rate hit 10-year low
Industrial and logistics properties across the east coast of Australia are seeing record demand with vacancy rates now at a decade low.
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Construction industry woes likely to keep house prices high
All data coming out about the construction industry shows ongoing challenges.
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QLD sellers may have to disclose a home’s flood damage history
The flood history of a property in Queensland may need to be disclosed to potential buyers under a proposed plan from the State Government.
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Demand for Perth CBD office space continues to grow
Demand for office space in Perth continued to rise in the first quarter of 2022 according to new data.
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NZ shows the first sign of a slowdown as profitable resales fall
The number of properties across New Zealand resold at a profit has fallen slightly in the first quarter of 2022, according to CoreLogic.
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TRG squad in training for worthy cause
Super fit Ray White TRG managing director Jarryd Rubinstein has top agents Patrick Cosgrove and Oliver Lavers on a gruelling training regime in preparation to tackle the deadly Kokoda Track to raise money for brain cancer.
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Steve Bellotti’s Mosman masterpiece relaunches with $36-$38 million price guide
Former banker Steve Bellotti has relaunched his Mosman mansion with an eye-watering $36-$38 million price guide which would set a new suburb record should it sell.
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Federal Election puts a dampener on auctions
With the nation heading to the polls for a Federal Election at the weekend, both the auction volumes and the preliminary clearance rate felt the effect, slumping to the lowest success rate of the year. CoreLogic reported auction activity was down across all capitals, except Perth, with just 1676 properties going under the hammer in the combined capitals to record…
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Is TikTok moving into Circular Quay?
Popular video-sharing social media network, TikTok is in talks to take up a large portion of Sydney’s soon-to-be tallest office tower in Circular Quay.
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Rising construction costs to weigh on builders and home buyers: HTW
Rising construction costs are ongoing labour shortages are putting increasing pressure on builders and new home buyers, according to the latest Herron Todd White (HTW) Month in Review.
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Perth luxury market ‘gearing up’ for growth
Luxury property market prices in Perth are expected to soar in the second half of 2022, according to experts.
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Tight rental conditions forcing rents higher
Tight rental conditions across the country will likely see rents continue to surge in a number of locations according to new analysis.
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