Real Estate News
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Barry Plant Group opens four new offices
The offices are all expansions from existing Barry Plant business owners and are not re-brands. The announcement: Victorian real estate group, Barry Plant, has added four more offices over the last two months. All new offices are expansions from business owners already within the group. While the group is always willing to welcome a good business to their network, Barry…
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New home loan values fall as interest rates rise
Rising interest rates are seeing homebuyers less willing to borrow, while at the same time house hunters are seeing their borrowing capacity slashed.
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Paris Jackson buys rustic Hollywood Hills retreat
Michael Jackson’s only daughter, Paris Jackson has sold the first house she ever owned and is relocating to the Hollywood Hills, after purchasing a US$3.8 million cabin.
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New Zealand property prices fall at fastest pace since the GFC
Property prices across New Zealand have continued to fall, with the rate of decline now at the same level as seen during the Global Financial Crisis.
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Lenders pricing for risk with rate discounts
Lenders are rewarding borrowers with lower Loan to Value Ratios (LVRs) by offering reduced interest rates.
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Another rate hike to curb the highest inflation in three decades
The official cash rate is now 1.85 per cent after the Reserve Bank of Australia opted to raise interest rates a further 50 basis points at its monthly meeting today. The increase marks the fourth consecutive month of interest rate hikes as the RBA seeks to moderate inflation that is now the highest it has been since the early 1990s.…
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McGrath expands in Sydney’s north west
McGrath Estate Agents has announced its expansion across the Ryde local market in Sydney’s north-west.
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South Australian property continues to buck the trend
The South Australian property market continues to show “resilience”, extending its record-breaking run of quarterly price increases.
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Don’t let FOMO ruin your home time
How many times have you said: “I wish I could turn off the phone after hours but just can’t risk it”?
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Adaptive reuse of old buildings on the rise across Australia
The redevelopment of old buildings across Victoria is starting to gather steam as developers look to find creative ways to utilise older buildings that have outlived their purpose.
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Brad Pitt buys a historic $40 million Carmel estate
Brad Pitt has set an area record with his US$40 million purchase of a century-old estate in California’s unincorporated Carmel Highlands community.
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Ray White opens in Sydney’s Ashfield
Real estate experts and brothers Michael and Andrew Simpson have partnered their third generation family business with Australia's largest real estate agency, Ray White.
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Renters being forced to give up pets to find a home
Renters are being forced to choose between keeping their pets and being able to find a place to live, with hundreds giving up their pets each year.
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Another big name signs on to use Propic AI technology
One of Australia’s best real estate agents, Vivien Yap, will introduce Propic Artificial Intelligence technology to meet her clients’ expectations for 24/7 customer service.
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ANZ cuts new customer variable rates by up to 0.50 per cent
Despite the Reserve Bank of Australia hiking the official cash rate and fixed rate loans rising, ANZ has come out and cut new customer variable rates by up to 0.50 per cent.
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WA investors to sell up if tenancy laws change
More than half of WA property investors would consider selling their rental properties should significant changes be made to WA tenancy laws.
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Jeff Bezos’ parents buy $74 million Florida compound
Miguel and Jacklyn Bezos the stepfather and mother of Amazon boss Jeff Bezos are believed to have purchased two side-by-side mansions in Florida’s Coral Gables for US$74 million.
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Third week of increasing auction volumes
Auction activity has risen for the third consecutive week, with 1909 properties taken to auction across the major capitals to return a preliminary clearance rate of 58.8 per cent.
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Luke Banitsiotis claims his third REIV Senior Auctioneer of the Year title
REIV has crowned Luke Banitsiotis as Senior Auctioneer of the Year third time running.
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Units outperform houses as buyers hunt for value
Buyers are on the lookout for more affordable housing options as rising interest rates make units more appealing.
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RBA a “near certainty” to raise rates next week
Australia’s hottest rate of inflation in 21 years means the Reserve Bank of Australia is a “near certainty” to hike the official cash rate 0.5 per cent on Tuesday, according to experts.
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Justin Bieber’s Hawaii vacation home hits the market
The infamous Hawaii vacation home Justin Bieber leased for his entourage in 2016 is on the market for US$9.95 million.
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Californian treehouse for sale for US$3.8 million
A Californian coastal property has given a whole new meaning to the word ‘treehouse’, with a massive oak tree winding its way straight through the one-bedroom house.
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REIA says perspective required in interpreting CPI
The RBA's July meeting indicates that inflation is expected to peak later in 2022 and then decline back towards the 2 to 3 per cent range in 2023.
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Conan O’Brien lists his luxury beach house
Funnyman Conan O’Brien is selling his Santa Barbara beach house for a tidy profit, asking US$16.5 million.
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Home prices to fall 5 per cent by end of the year
Rising interest rates could see property prices drop by up to 5 per cent between now and the end of the year, according to a new report.
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Regional property price boom is not done yet
Regional cities like Albury-Wodonga, Tamworth and Bundaberg could continue to experience price growth despite the national property downturn.
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Local team reopen Ray White Chelsea
The Ray White Chelsea office closed late last year, but Ray White’s strong reputation in the area is what attracted Mr O’Sughrue and Mr Aldinger to reopen the business. The Announcement: Living and raising their families in the Chelsea area, real estate experts Shane O’Sughrue and James Aldinger are using their expertise to reopen Ray White Chelsea. The group’s Chelsea…
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REIQ delivers $70K worth of flood support
The Real Estate Institute of Queensland also spearheaded a flood support auction on behalf of inCommunity and Beddown, which was supported with great prizes and money from sponsors. The Announcement: Member agents, partners, and sponsors of the Real Estate Institute of Queensland (REIQ) are proud to have delivered more than $70,000 worth of support in response to the February flood…
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Going once, twice and 5000 times: Successful auctioneer marks an exciting milestone
Real estate veteran Paul Moore has just celebrated his 5000th auction for the LJ Hooker Group – and remarkably can recall every single sale thanks to keeping a detailed journal.
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Office market leads the way as commercial sales break new ground
Commercial property transactions set a record pace last financial year, with buyers taking advantage of the low interest rate environment.
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New Zealand property prices face a test as interest rates rise and sales volumes fall
The New Zealand property market is going to face a “test” as rising interest rates and a wave of refinancing jolt the market in the next 12 months.
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Doja Cat selling her Beverly Hills home
TikTok meme queen-turned-international popstar Doja Cat has listed her Beverly Hills Home for US$2.495 million.
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One in five first home buyers take a year to buy a property
Tight supply and rapidly rising prices has seen many first home buyers taking over two years to purchase a property.
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Westpac and NAB predict two more 50bps rate hikes
Borrowers should brace themselves for “more rate pain”, as Westpac and NAB follow ANZ predicting the Reserve Bank of Australia will lift the official cash rate higher and faster than previously expected.
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