Real Estate News
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Volume remains high, with almost 3000 properties taken to auction
Auction volumes fell slightly this week, with 2945 properties taken to auction across the combined capitals, resulting in a preliminary clearance rate of 72.7 per cent.
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The ideal indoor plant to purify air in your workspace
A study has found that houseplants have the capacity to remove 87 per cent of air toxins in 24 hours, giving them the ability to purify the air and brighten up any work-from-home space.
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Reese Witherspoon flips her renovated Los Angeles estate
Oscar-winning actress, Reese Witherspoon is looking to make a tidy profit on her luxury LA home after listing the newly-renovated property for US$25 million.
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Vacancy rates fall to lowest on record
National vacancy rates have hit their lowest point on record, falling to just 1.1 per cent in February.
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Byron Bay luxury property forecast to grow 35 per cent by 2027
The huge increase in demand for luxury homes by ultra-high-net-worth individuals (UHNWI) could see prices in Byron Bay continue to surge higher.
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RE/MAX Revolution adds Narnea Dowell to its high-performing ranks
An exciting addition to the Shailer Park business as they welcome Narnea to the team.
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REISA launches Future Leaders Taskforce
The Real Estate Institute of South Australia is looking to empower the next generation of real estate professionals with the launch of its new Future Leaders Taskforce.
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Flood-affected housing markets could take years to recover
Property prices in flood ravaged East Coast markets could take years to recover according to new analysis.
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REIQ Salesperson of the Year switches to Market Buy
After almost 20 years in the real estate business, and an REIQ Salesperson of the Year award, Plum Real Estate’s Brett Andreassen has made the switch to the Market Buy platform.
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A four-point response plan to flooding crisis: McGrath Paddington
When it became evident clients of the McGrath Paddington, Wilston and New Farm offices would be among those directly impacted by rising flood waters, the real estate team quickly sprang into action.
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Real estate industry comes together to aid flood victims
There are many great things about Australia but perhaps one of the best is how, when the chips are down, people come together.
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REIQ and REINSW outline resources for agents and PMs in flood-affected areas
The Real Estate Institute of Queensland is calling on agents and property managers to familiarise themselves with the resources available as the flood clean-up in Queensland continues.
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Harcourts Ascot face floods along with clients
It took less than an hour for Harcourts Ascot to go from being one of the most stylish office’s in the group to being a meter under water.
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Investor loans hit a record high as affordability pressure mounts
Loans to investors jumped 6.1 per cent in January, showing “investors are backing the housing market”.
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Perth house prices still the most affordable in the country
While house prices have been rapidly rising across the country, Perth values haven’t kept pace with the East Coast.
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The digital difference: how Openn sale generated $58,000 more
Two properties on the same street, with almost identical sizes, layouts, and features sold using different sales methods, with one seller walking away with $58,000 more in their pocket than the other.
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REA Group delivers increased value for leasing agents
REA Group has this week announced the expansion of its Connect offering to now include tools and services for leasing agents. First released to sales agents in April 2021, Connect aims to streamline prospecting and helps agents win more listings with less effort.
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Demand for WA industrial assets set to continue
The WA industrial and logistics sector was the strongest performer in 2021 across all commercial asset classes, with demand set to increase in 2022.
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Jerry Seinfeld sells his luxury ski retreat
Comedian Jerry Seinfeld and his wife Jessica have sold their 26-acre Telluride luxury ski retreat for US$14 million.
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Interest rates on hold as world watches war in Ukraine
The Reserve Bank of Australia is closely watching the war in Ukraine and has elected to keep interest rates on hold for now at 0.1 per cent.
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Sydney housing prices drop, Melbourne’s stall
Sydney housing values have fallen for the first time in 18 months, while Melbourne’s remain stalled, in the biggest sign yet the property market is levelling out.
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Rise in listings likely to slow price growth
The surge in new properties listed for sale is likely to continue until May, putting downward pressure on price growth according to a leading agency.
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OIKOS Real Estate launches with a focus on relationships and creating life-long clients
With over 25 years of combined real estate and business experience, Nunzio Lo Castro, Harrison Mastrapostolos and Angela Mastrapostolos have joined forces to launch their own brand, OIKOS Real Estate, powered by UrbanX. After working under the traditional model for a number of different brands throughout their careers, they knew if they wanted to continue to grow, they needed to…
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Ryan Serhant to launch a virtual world
Million Dollar Listing New York star and luxury agent Ryan Serhant has announced the launch of his virtual world, which is to be named UNIVERS.
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C21 continues expansion with two new offices
Following the rapid success of her Forbes office, Century 21 Principal Tara Kelly has opened a brand-new office in the diverse and thriving regional city of Parkes, in central NSW.
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Australia facing a housing supply crunch
Australia could be facing a ‘concerning’ housing shortfall of 163,400 homes by 2032 leading to further affordability issues according to a new report.
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Pharrell Williams sells his Californian pad
Hip-hop superstar Pharrell Williams has sold his luxury Hollywood Hills home to a tech millionaire for US$9.2 million.
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The street names that boast the highest prices
Grandview…The Esplanade…The Avenue…some street names just have a nice ring to them. And according to Ray White Chief Economist Nerida Conisbee, they command a higher price tag as a result.
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Experts tip cash rate to rise before end of 2022
More monetary policy experts are tipping an interest rate rise before the end of the year, despite not expecting the Reserve Bank of Australia to lift the cash rate tomorrow.
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Area Specialist appoints two top trainers
Area Specialist has appointed two of Australia’s best real estate agent coaches to guide and support its agents.
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Anna Kendrick buys Muse drummer’s mansion
Academy Award nominated actress Anna Kendrick has reportedly splashed out US$7 million to buy the Hollywood Hills Estate owned by Muse Drummer, Dominic Howard.
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Record profits for NZ homeowners
Price growth in New Zealand might be slowing, but homeowners still have plenty to be happy about with the booming housing market leading to 99.3 per cent of properties being resold at a profit
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The busiest February auction week on record
This week proved the busiest February auction week on record, with 3384 properties taken to auction across the combined capitals.
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Landlords missing out on an important tax deduction
Landlords could be missing out on some significant tax deductions over the lifetime of their investment properties, according to industry experts.
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RE/MAX Revolution sisters on the hunt for more success
Queensland sisters Eiles and Brittany Hunt have won RE/MAX Australia’s prestigious Titan Club Award in their first year as sales agents after writing $900,000 gross commission income (GCI).
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