Real Estate News
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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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NZ property prices to grow by less than 5 per cent
New Zealand property price growth is likely to dip below five per cent this year as rising interest rates start to bite according to an industry expert.
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Queenslanders view real estate agents in a positive light
While real estate agents can sometimes get a bad rap, a new survey shows people view agents in a positive light with most seeing them as friendly, helpful and accessible.
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Supermodel Sara Sampaio buys digital private island
Portuguese supermodel and Victoria’s Secret Angel, Sara Sampaio has bought herself a private island – the only problem is she can’t physically step foot on it. The digital island is in The Sandbox metaverse and cost the model 25 Ethereum, a cryptocurrency, worth about $110,000. According to Domain, the island was sold through the website Exclusible, and was one of…
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Dynamic duo open third C21 office
Following the rapid success of their two existing Century 21 offices, experienced directors, Evan Wei and Jimmy Luo have opened a third office in the Inner Western Sydney suburb of Strathfield.
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MoxiWorks acquires Aussie CRM ActivePipe
Leading US-based real estate technology platform, MoxiWorks, has announced the acquisition of the Australian lead nurturing platform ActivePipe.
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NSW, Victoria, ACT contain most tenant- friendly suburbs
NSW, Victoria and the ACT contain the most suburbs where rental conditions have changed to favour tenants in the past 12 months, according to new research.
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Brisbane inner-city agent Jonzun Lee launches his own business
Jonzun Lee, a stalwart of the Brisbane real estate industry has just launched a new business and brand with his wife Maria after two decades in the industry.
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Victorian housing tax to add thousands to cost of new home
A new Victorian Government housing tax could see the cost of a new home jump $20,000 with first-home buyers to bear the brunt of the price rises according to industry experts.
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Entire Old West town for sale
If you’ve ever dreamed of living in the Old West, an entire replica town in Saguache, Colorado has just been listed for sale.
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Kristen Porter simplifies what employee Vs contractor decision means for real estate
Real estate agencies employing contractors should put contracts in place containing clauses that show someone is running their own business, according to a legal expert.
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Three new board members appointed to RESO
With over 1250 agents registered and 48,000 buyers invited into the platform across Australia and New Zealand and located in Adelaide’s innovation district Lot Fourteen alongside the likes of Amazon and Google, RESO looks toward a strong year ahead
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Border reopening good news for some but could tighten rental market
Australia’s international border has reopened and a leading buyers’ agent says that spells good news for landlords hard hit by the mass Covid exodus two years ago.
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Dilapidated Sydney homes selling well above reserve
Three rundown Sydney properties have sold well above their reserve price over the weekend, highlighting just how strong the current market is.
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Investors turn to fast food and childcare assets
Drive-through fast food, medical, childcare, hotels and large format retail premises are dominating the commercial investment market as the most highly-sought assets as investors look for stability.
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Court case shows why agents and creatives must read the fine print
Engaging a photographer to enhance your listing is par for the course for most real estate agents, but what most don’t know is they could be risking copyright infringement.
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National scheme needed to bolster falling home ownership rates
An economic policy expert has called on the Federal Government to introduce a national shared equity scheme to help halt Australia’s falling home ownership rates. Grattan Institute Economic Policy Program Director Brendan Coates said whichever party won the Federal Election this year needed to tackle housing affordability and turn the nation’s rapidly declining home ownership rates around. “Within living memory,…
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33-hour real estate Zoom training session to raise funds for Hands Across the Water
The real estate industry is known for 'making money' but it's equally as philanthropic. One cause close to a lot of hearts is Hands Across the Water, a charity dedicated to providing shelter for orphaned children in Thailand. Elite Agent Managing Editor Samantha McLean and Digital Live's Steve Carroll are joining forces with the industry to host a world record,…
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Clearance rate steady as auction volumes continue to rise
Auction activity continued to increase this week, with volume up 20.7 per cent week-on-week and 36.2 per cent higher than the same time last year.
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The gap between house and unit values reaches a record high
Ongoing demand for more space has seen the difference in price between houses and units accelerate with the gap now at a record high.
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REIA announce National Awards for Excellence finalists
Finalists in the 17th REIA National Awards for Excellence 2022 have been announced, with the best agencies, agents and property managers set to vie for the coveted awards.
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REA Group introduces new team to give real estate agents a bigger voice in the industry
REA Group has introduced a new commercial growth and industry partnerships team to boost support to the real estate sector, with one of its first projects tackling property managers wellbeing.
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Flea lists his funky LA compound
Red Hot Chili Peppers' bassist Michael “Flea” Balzary has listed his unique, architecturally designed LA compound for US$9.8 million.
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Market Buy’s engine now available to brands
Online offer management platform Market Buy now provides brands with the ability to ‘white label’ their software for a branded experience.
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Explore Property enters the Whitsundays and Rockhampton markets
Explore Property Group is capitalising on the COVID-inspired trend of sea and tree changes, with new offices opening in the Whitsundays and Rockhampton.
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Luxe Listings Sydney is back for Season 2… with a new agent
The hotly anticipated second season of the hit show, Luxe Listings Sydney is about to hit the screens in Australia after quickly becoming must-watch TV for lovers of high-end real estate.
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