Real Estate News
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Balanced approach builds healthy outcomes
Switching off after hours in a demanding profession like real estate can be tough.
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Current US housing downturn not like pre-GFC
The current downturn in the US housing market might not be as severe as the 2007-2008 crash that led to the Global Financial Crisis.
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Top agent moves to Ray White Lower North Shore Group
John McManus says his and his team are looking forward to the new chapter. The Announcement: ONE of Australia’s top sales agents, John McManus, has joined as a director of Ray White Lower North Shore Group with long term plans for growth at the leading business. Mr McManus is an elite industry performer who has firmly established an enviable reputation…
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Coronis appoints new franchise director Sandy Taylor
Sandy Taylor is looking forward to building on the existing foundations and changing people’s lives for the better. The Announcement: The Coronis Group has appointed Sandy Taylor as the new Franchise Director to support its expansion plans and vision of becoming Asia-Pacific’s leading property services provider. Coronis CEO Andrew Coronis said he is thrilled with the appointment and highlights the…
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TRG names a new director for the Woollahra office
Another new face is walking the floors at The Rubinstein Group, with Eastern Suburbs specialist Mark Lowe named as director of the group’s Woollahra office.
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Is now a good time to buy a property?
Despite falling home prices and the prospect of a higher cash rate, now might still be the right time to buy, according to an expert.
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The fastest-selling suburbs across the country
Camden, in Sydney's southwest, is the nation's fastest-selling suburb, with three-bedroom houses snapped up after an average 14 days on market.
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Australian innovator branches out in US
Australian real estate office outsourcing specialist Property Management Virtual Assistant is expanding its operations into the United States.
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Mortgage anxiety looming for Aussie homeowners
Australian homeowners are hurtling towards mortgage anxiety, with new research revealing more than 75 per cent of people were unsure how cash rate increases would impact their household budget. The data, from financial services group Aussie, shows 28 per cent of Australian mortgage holders did not consider the cash rate would increase at all when they budgeted for their home…
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Mark Wahlberg drops $15 million for exclusive land in Las Vegas
Twice Oscar-nominated actor Mark Wahlberg has spent US$15.6 million for a 2.5-acre piece of land inside the guarded gates of the ultra-exclusive Summit Club in the upscale master-planned community of Summerlin.
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Katy Perry gets out of Beverly Hills
Pop sensation Katy Perry has sold her last home in Beverly Hills, with the US$18 million sale of her Regency-style estate.
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Highland Double Bay Malouf instigates $34 million sales spree in Sydney’s most exclusive postcodes
There's much commentary about the property market cooling, but Highland Double Bay Malouf has seen demand for top tier prestige property remain fierce.
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Real estate developer builds voice-activated homes in Ghana
A real estate developer in Ghana has taken on the task of building a community of futuristic homes to help enhance the local neighbourhood.
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Property upswings trump downturns over the past 30 years
Upswings in Australian property have been larger and longer than the subsequent downturns where prices slightly decline or just flatline according to new research.
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One in five ACT landlords plan to sell if rental changes come in
Proposed changes to the Residential Tenancies Act in the ACT could lead to one in five investors selling their rental property.
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China crisis wipes out $90 billion from developers
Chinese property developers have seen the value of their stocks fall by US$90 billion as the China crisis worsens.
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Lendlease is making a $350 million play for a famous Perth skyscraper
Lendlease is targeting a famous Perth skyscraper developed in the 1980s by infamous WA entrepreneur Alan Bond.
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Rent.com.au launches single-tap build-to-rent search functionality
Build-to-rent is set to revolutionise renting in Australia and Rent.com.au is the first portal to build a single-tap search filter to help renters locate and apply for the new developments.
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McGrath posts strong EBITDA result in FY22
Chief Executive Officer and Managing Director John McGrath is pleased with the results and said they reflect the group’s focus on growing market share and agent productivity. The Announcement: McGrath Limited (ASX: MEA) today announced strong results for the 2022 financial year, within the guidance range provided in May 2022. Results highlights: • Underlying Revenue1 of $112.4 million, a 1.3% increase…
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Offshore apartment buyers are on their way back
It has been a slow few years for offshore buyer activity in Australia.
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WeWork founder looking to take on housing availability
Founder of shared office space provider, WeWork, Adam Neumann is looking to take on the issue of housing affordability in the US with a new startup.
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Larry Ellison lists Palm Beach mansion for $145 Million
Billionaire Oracle co-founder Larry Ellison is selling one of his many million-dollar homes, listing Seminole Beach estate for US$145 million.
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Home builders to weather the interest rate storm
Home builders are well positioned to handle higher interest rates, believing the events of the past two years have been more difficult to contend with.
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The value of new loans fell 4.4 per cent in June
The value of new home loans across Australia has fallen 4.4 per cent last month, continuing to soften from the peak of $33.2 billion in January.
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Preliminary clearance rate holds above 60 per cent
The preliminary clearance rate has held above 60 per cent for the second consecutive week, despite an uptick in the volume of auctions.
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TRG names new Commercial Director as the group embraces expansion
Within two months of announcing its plans for expansion, The Rubinstein Group has named Jake Fahd as the director of its new commercial division.
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John Minns reinstated as NSW Property Services Commissioner
In a surprise move from the NSW Government, John Minns has been reinstated as Property Services Commissioner just weeks after it announced he would be replaced with an independent statutory Property Services Commissioner.
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Battle Royale! Harcourts Game of Phones
Harcourts Game of Phones sees competitors calling and confirming as many appraisals as possible. The Announcement: Real estate royalty battled it out during Harcourts 2022 National Appraisal drive recently. ‘Harcourts Game of Phones – Appraisals are Coming’ saw agents, property managers and offices from across the continent compete for the crowning glories of being named ‘Greatest of Call Time’, ‘The…
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Huge day of Ray White Commercial auctions
Ben Faulks, Mark Thompson and Scott Stephens all achieved a 100 per cent clearance rate, selling five out of five properties. The Announcement: Ray White Commercial sold more than $16 million in property under the hammer on Thursday, with auction events at Canberra, Brisbane, and the Gold Coast. Overall, 15 properties went under the hammer, recording an auction day clearance…
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Rihanna takes a loss on her modern Hollywood Hills villa
Singer Rihanna hasn’t been able to capitalise on the strong US real estate market over the past few years, taking a loss on the recent sale of her Hollywood Hills villa.
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Regional prestige lifestyle areas the first to show weakness
Rampant house price growth in regional lifestyle areas, previously fuelled by Covid lockdowns, has started to turn, with the prestige market falling first.
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The areas where property price growth is still occurring
Despite property values starting to fall in the larger capital cities, there are still multiple locations around the country that are likely to still see price growth according to an expert.
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Three’s The Block NZ houses proudly marketed for sale by Ray White
Ray White’s Treena Drinnan said the properties are among the only fully-furnished options available in the current market. The Announcement: You’ve seen them on the screen, and now it’s time to view them in person and stake your claim on auction day. Ray White New Zealand is pleased to announce the four stunning townhouses from Three’s The Block NZ are…
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Cold, unhealthy rental homes don’t meet international standards
Australian renters are being forced to live in cold, unhealthy homes that aren’t meeting international standards on indoor temperatures according to a new report.
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Record breaking US home back on the market
A Beverly Park estate, situated in the most exclusive part of Beverly Hills, California, is headed to auction with an asking price of nearly US$80 million.
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