Real Estate News
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Kerry Washington’s former New York rental for sale
The luxury New York penthouse Scandal actress Kerry Washington used to rent has hit the market with the hefty price tag of US$25 million.
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Successive rate rises the biggest risk for homeowners
Successive interest rate increases from the RBA when they begin their tightening cycle could be the biggest issue for homeowners according to a leading expert.
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Australian house prices grow at the fastest rate in the world
Australia has taken top spot as the country with the highest rate of annual price growth in 2021.
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Property boom hasn’t helped owner-occupiers
Despite property prices rising at a rapid rate in the past two years, a leading economist said the house price boom hasn’t necessarily been a good thing for all owner-occupiers.
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Sherrie Storor: One size doesn’t fit all
Agents looking to build their profile, convert more appraisals to listings, grow their team and streamline their business processes and strategies have a wealth of knowledge waiting for them in an array of workshops from one of the real estate industry’s top coaches.
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Elon Musk unloads his $130 million property portfolio
After declaring he would “own no house”, billionaire entrepreneur Elon Musk has made good on his promise and successfully unloaded his entire US$130 million property portfolio.
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The Australian suburbs facing a rental crisis
South Australia, NSW, and Tasmania contain the most suburbs desperate for more rental stock with many locations now seeing zero per cent vacancy rates, according to new research.
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Looking after the welfare of his team: David Gray, Elders Lismore
When floodwaters swept through Lismore and much of the Northern Rivers, David Gray’s thoughts turned to his community, but as the principal of multiple offices, his priority was the welfare of his team.
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More Aussies intend to buy a home
A boost in home-buying intentions and increased spending on transport post lockdown are behind an increase in the CommBank Household Spending Intentions (HSI) index.
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East Coast floods to affect vacancy rates
The floods in Northern NSW could impinge on the state’s already tight vacancy rates according to industry experts.
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Auction volumes down by almost a third
Auction volumes have dropped by almost a third this week, but it is not recent flooding in Queensland and New South Wales that is the culprit but rather long weekends in four capitals.
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Perth’s median property price grows $325,000 in 20 years
The Perth property market has grown steadily over the last two decades with the median house price increasing by $325,000 in 20 years.
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Propps and First National partner up to streamline buying and selling
Proptech innovator Propps and the 350+ office First National network have joined forces to make the Propps digital offer management platform available to First National agents and their customers everywhere, streamlining the property transaction process for everyone.
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NAB cuts its variable home loan interest rate
Tight competition between the big four banks has seen NAB cut its variable home loan interest rate by 0.1 per cent to 2.19 per cent, although the change is only for new owner-occupiers.
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Helping Indigenous tenants achieve a successful tenancy
The implementation of local Indigenous staff and creating connections with health and community services can help indigenous Australians have more successful tenancies, new research has found.
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The ‘mass devastation’ in Lismore revealed
In Lismore, Ray White’s office was among the businesses inundated with flood water, but principal Neil Scott’s focus isn’t on the personal impact. His thoughts are firmly with his community. Video courtesy of Ray White. Widely considered ground zero of the recent flood event, Lismore endured unprecedented levels of flooding throughout the township. In a video from the front of…
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Housing affordability stretching homeowners to the limit
It’s tougher than ever to afford a home with new data showing the proportion of income needed to pay off a mortgage has risen to 37 per cent.
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The legal must-haves of going out on your own
When it comes to starting a business, there’s a lot to get your head around, but nothing more complicated – or important - than the legal ins and outs.
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Place Estate Agents open around the clock with Propic AI
Queensland's Place Estate Agents has joined forces with Australian real estate PropTech innovator, Propic, to use its Artificial Intelligence (AI) technology to respond to sales and rental inquiries in the hot Brisbane market 24/7.
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Listings surge in busiest start to the year in almost a decade
Listing volumes across the country have surged, providing buyers relief from previously tight stock levels.
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Office occupancy rates start to bounce back post-Omicron peak
After nearly two years of working from home, Australians are finally starting to head back to the office.
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25 years after bringing Harcourts to Australia, the Greens still love Brisbane
25 years ago, on the 4th March 1997, Mike and Irene Green opened the first four Harcourts' offices, less than two months after they'd arrived in Brisbane from Auckland with two young boys and one big ambition - to take New Zealand's most successful real estate brand, Harcourts, to a country where it was almost completely unknown and franchise it.
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Eastell and Co grows 337 per cent in second year with UrbanX
Two years ago, Clinton Eastell decided to step outside of his comfort zone and launch his own business on the Sunshine Coast.
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Housing affordability stress ahead of the federal election
A social housing campaign group has called on the Federal Government to tackle Australia's growing affordable housing crisis, with a poll in the swing seat of Longman showing almost two-thirds of residents believe affording to buy or rent is excessively difficult.
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Actor Matthew Morrison lands a buyer for his Hollywood Hills home
Glee star Matthew Morrison has tripled his money after securing a buyer for his renovated Hollywood Hills home.
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NAI Harcourts Metro to help expand the reach of Auslan
NAI Harcourts Metro has joined forces with Access Plus WA Deaf to bring support an education to parents of newborn babies that cannot fully hear.
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Saving a tenant’s life is all in a day’s work
When PRD Northern Rivers Principal Rob Horder got up on Sunday, February 27, he never imagined he’d finish the day with his office underwater.
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Nerida Conisbee: Challenges ahead but market will recover from floods
The threat of natural disasters is unlikely to change the locations where Australians want to live, with Ray White’s chief economist highlighting the bush and the coast would remain desirable.
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Sydney’s best performing suburbs doubled in value in 2021
Sydney house prices saw record gains in 2021 with certain suburbs doubling in value in 12 months according to new research.
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Call for property owners to release rental properties to help flood victims
REIQ and Q Shelter are urgently calling on Queensland property owners to turn their holiday rentals and vacant properties into long term rentals to help homeless flood victims.
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Russian-Ukraine crisis to hit housing affordability
The conflict between Russia and Ukraine will hit Australians in the hip pocket which could weigh on housing affordability.
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Melbourne Real Estate empowers women with paid parental leave
Three soon-to-be first time mums at Melbourne Real Estate no longer have the added worry of budgeting on one income when they take maternity leave, with the agency introducing paid parental leave.
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Schitt’s Creek star Emily Hampshire scores two-house LA compound
Schitt’s Creek Star Emily Hampshire, best known for her portrayal of Stevie Budd on the hit Canadian show, has just bought two side-by-side homes in LA for US$2.7 million.
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Australia’s most affordable housing markets close to the CBD
South Australia and Western Australia have the most affordable suburbs close to their respective CBDs, according to new research.
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How floods impacted this week’s auctions
Just days after floods impacted both south east Queensland and New South Wales, the first set of property market data is in, with auction clearance rates and withdrawals offering an insight into the impact of the recent severe weather.
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