Real Estate News
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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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Belinda Beekman triples return with Area Specialist
Gold Coast agent Belinda Beekman has tripled her annual gross commission income since partnering with the fast-growing real estate network Area Specialist.
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Toorak mansion set to become state’s most expensive home
A stunning Melbourne home designed in 1936 is set to smash Victoria’s property price record if it sells for its $65 -$70 million price tag.
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Knight Frank and Fred Schebesta examine how crypto, NFTs and the metaverse might shape Australian real estate
Global property consultancy Knight Frank has turned its attention to the rise of cryptocurrency, NFTs, and the metaverse, with the group joining forces with Finder founder and crypto investor Fred Schebesta to decode some of the Australian trends emerging and how they impact real estate.
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Ozzy, Sharon Osbourne list $18 million Hancock Park mansion
Black Sabbath rocker Ozzy Osbourne and his wife Sharon are moving back to their native UK and have listed their main LA residence for US$18 million.
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Property market records busiest start to winter in a decade
The Australian property market has started winter strongly, with new listing volumes reaching the highest June level in more than a decade.
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Rents surge by a record 12 per cent across the capitals
Australia's rental crisis has deepened with tight vacancy rates contributing to a record 12 per cent jump in house rents over the past year.
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Mike Cannon-Brookes buys Dunk Island
Australian billionaire Mike Cannon-Brookes and his wife Annie have purchased one of Queensland's best-known properties, picking up Dunk Island for $23.65 million.
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Bruce Willis’ former tropical getaway on the market
The former tropical estate of retired movie star Bruce Willis is back on the market for US$37.5 million.
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Rent.com.au partners with Origin Energy
Rent.com.au has entered into a new partnership with electricity giant Origin Energy to offer electricity and gas services to Rent.com.au customers.
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Retail customers ‘flock back’ to in-person shopping
After a surge in online retail sales, customers have begun to “flock back” to in-person shopping, with experts suggesting bricks and mortar stores are far from dead.
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NSW Government to appoint independent statutory property services commissioner
The NSW Government has announced it will appoint an independent statutory Property Services Commissioner from August 1 to drive reform, boost industry standards and support consumers.
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Perth sales activity jumps 20 per cent
Real estate sales activity in Perth surged 19.8 per cent during the 2021-22 financial year, according to the latest data from the Real Estate Institute of WA (REIWA).
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Australian cities top the list for green commercial real estate
Sydney, Perth, and Melbourne have been named in the top five green-rated cities for commercial real estate.
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The Agency to acquire Bushby Property Group
National real estate company The Agency Group Australia has expanded its network to Tasmania, agreeing to acquire leading Launceston-based real estate business Bushby Property Group to launch The Agency – Team Bushby.
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Area Specialist drives top results for Bayside duo
Brisbane agents Debbie Watkins and Ryan Connor say their partnership with fast-growing real estate network Area Specialist is powering them to their strongest sales results.
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Inside Christian Slater’s Mediterranean-style Miami villa
Actor Christian Slater is preparing to part with his home of almost a decade, with the Mediterranean-style Miami villa now on the market for a modest US$3.95 million.
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Gothic-style ‘Inventing Anna’ property is on the market
The stunning New York building made famous in the Netflix series Inventing Anna, is currently up for sale with an eye-watering price tag of US$135 million.
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The 10 Perth suburbs where house prices rose at least 26 per cent
Five of Perth’s top 10 price growth suburbs now saw their median house sale price soar above $1 million for the first time last financial year.
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Clearance rate inches higher despite subdued auction market
Auction markets remained subdued this week with just 1610 properties going under the hammer across the combined capitals, resulting in a preliminary clearance rate of 58.6 per cent.
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Christine Quinn lists $33.9 million Miami penthouse you can buy with crypto
Hot on the heels of leaving The Oppenheim Group and starting her own crypto-based brokerage RealOpen, Selling Sunset star Christine Quinn has listed a US$33.9 million penthouse.
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ANZ tips next rate rise to be 50 basis points
One of Australia’s biggest banks has tipped another 50 basis point cash rate rise in August as the Reserve Bank of Australia moves swiftly to put a lid on rising inflation.
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‘Little respite’ for falling New Zealand property market
New Zealand could be on the cusp of a Global Financial Crisis-like property market downturn with “little respite” for falling house prices in the coming months, according to an industry expert.
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NAB, CBA and ANZ all lift variable home loan and savings rates
The NAB, CBA and ANZ have all passed on the full interest rate hike to variable rate mortgage customers following the Reserve Bank of Australia lifting the cash rate 50 basis points last week.
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Interest rate hikes quell commercial property FOMO
The sense of urgency appears to be leaving the commercial property market as first-time buyers exit in the wake of increased interest rates.
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The Perth suburbs where houses sell in just 7 days
Perth’s property market is still experiencing a “high level of buyer demand” with a number of suburbs selling in record time.
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