Real Estate News
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Michael Conolly joins Stone Real Estate
Industry expert Michael Conolly has joined Stone Real Estate with a view to strengthen franchisee’s property management businesses as the sector heads towards what he terms the “GFC 2.0”. Mr Conolly had his first day as Head of Network Property Management last week and said his role would involve guiding franchisees on business areas such as staff retention and reward,…
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Ray White Commercial Canberra’s leadership team continues to grow
Ray White Commercial Canberra now has a 22 person team, with Eleni Notaras being the first female executive to join the business.
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Knight Frank makes new appointment to residential team
Knight Frank has made a new appointment to grow its residential team, with Luke Hayes starting as Director of Residential Project Sales.
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Leonardo DiCaprio lists posh Beverly Hills mansion for rent
Titanic star Leonardo DiCaprio has put one of his LA mansions on the rental market with an eye-watering price tag of US$32,500 per month.
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Office occupancy levels hold steady in June
Workers returning to CBD offices has slowed down last month, as the impacts of floods, the flu season and interruptions to rail networks forced people to stay home.
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Prospective Perth tenants lose thousands in rental scams
Scammers have targeted prospective tenants in Perth, with two unsuspecting victims losing $23,500.
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Sixth week of auction clearance rate below 60 per cent
Auction activity remains 20 per cent lower than this time last year, with 1667 properties taken to auction this week, resulting in a preliminary clearance rate of 56.4 per cent.
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Sofia Richie and Elliot Grainge pay $27 million for elegant Brentwood Park Estate
Sofia Richie and her fiancée Elliot Grainge have picked up a traditional-style LA mansion for US$26.9 million.
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Belinda Beekman triples return with Area Specialist
Gold Coast agent Belinda Beekman has tripled her annual gross commission income since partnering with the fast-growing real estate network Area Specialist.
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Toorak mansion set to become state’s most expensive home
A stunning Melbourne home designed in 1936 is set to smash Victoria’s property price record if it sells for its $65 -$70 million price tag.
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Knight Frank and Fred Schebesta examine how crypto, NFTs and the metaverse might shape Australian real estate
Global property consultancy Knight Frank has turned its attention to the rise of cryptocurrency, NFTs, and the metaverse, with the group joining forces with Finder founder and crypto investor Fred Schebesta to decode some of the Australian trends emerging and how they impact real estate.
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Advancing Australia’s prosperity: REIA launches 2025 strategy
The new vision for the 2025 real estate sector is about better delivering for business, practitioners and the communities they serve through member institutes.
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Ozzy, Sharon Osbourne list $18 million Hancock Park mansion
Black Sabbath rocker Ozzy Osbourne and his wife Sharon are moving back to their native UK and have listed their main LA residence for US$18 million.
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Property market records busiest start to winter in a decade
The Australian property market has started winter strongly, with new listing volumes reaching the highest June level in more than a decade.
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Rents surge by a record 12 per cent across the capitals
Australia's rental crisis has deepened with tight vacancy rates contributing to a record 12 per cent jump in house rents over the past year.
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Ray White Cooma strengthens links to capital
With the increasing focus of city dwellers on regional opportunities, Ray White Cooma has announced a strengthened bond with the team at Ray White Canberra, spearheaded by Simon Porter.
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Bruce Willis’ former tropical getaway on the market
The former tropical estate of retired movie star Bruce Willis is back on the market for US$37.5 million.
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Rent.com.au partners with Origin Energy
Rent.com.au has entered into a new partnership with electricity giant Origin Energy to offer electricity and gas services to Rent.com.au customers.
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Retail customers ‘flock back’ to in-person shopping
After a surge in online retail sales, customers have begun to “flock back” to in-person shopping, with experts suggesting bricks and mortar stores are far from dead.
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NSW Government to appoint independent statutory property services commissioner
The NSW Government has announced it will appoint an independent statutory Property Services Commissioner from August 1 to drive reform, boost industry standards and support consumers.
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Perth sales activity jumps 20 per cent
Real estate sales activity in Perth surged 19.8 per cent during the 2021-22 financial year, according to the latest data from the Real Estate Institute of WA (REIWA).
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McGrath welcomes North Shore property expert as partner in its Wahroonga office
Nick Muzha excels in helping his clients achieve their goals at any stage of their property journey and maintains a strong repeat client business. The Announcement: McGrath Estate Agents has welcomed North Shore property expert Nick Muzha as Partner in its Wahroonga office on Sydney’s Upper North Shore. Chief Executive Officer John McGrath said Mr Muzha’s astute approach to property negotiations is the future…
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Real estate stalwart moves into Pelican Waters
Ray White Queensland Chief Executive Officer Jason Andrew said he was delighted to see someone of Dwight Ferguson’s sales calibre and pedigree move back into business ownership. The Announcement: ONE of the country’s most highly regarded real estate professionals, Dwight Ferguson, has made a sea-change to the Sunshine Coast and has now taken ownership of Ray White Pelican Waters. Mr…
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Australian cities top the list for green commercial real estate
Sydney, Perth, and Melbourne have been named in the top five green-rated cities for commercial real estate.
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The Agency to acquire Bushby Property Group
National real estate company The Agency Group Australia has expanded its network to Tasmania, agreeing to acquire leading Launceston-based real estate business Bushby Property Group to launch The Agency – Team Bushby.
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Area Specialist drives top results for Bayside duo
Brisbane agents Debbie Watkins and Ryan Connor say their partnership with fast-growing real estate network Area Specialist is powering them to their strongest sales results.
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Inside Christian Slater’s Mediterranean-style Miami villa
Actor Christian Slater is preparing to part with his home of almost a decade, with the Mediterranean-style Miami villa now on the market for a modest US$3.95 million.
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The Limitless Group welcomes Nikita Kinnane to the RE/MAX Results team
Principal and Director Hayley Van de Ven said now is the right time for Nikita Kinnane to join the team as she will continue to support her in building her business. The Announcement: The Limitless Group in North Qld has welcomed Nikita Kinnane to the RE/MAX Results office in Mackay in a continued demonstration of growth Nikita, a mum of…
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Familiar faces join the Ray White Group in Port Stephens
Ray White New South Wales Chief Executive Officer Andrew McCulloch congratulated the trio on joining the Ray White Group. The Announcement: Port Stephens real estate expert Bill Knaggs has merged his family business with fourth generation family business, Ray White. Mr Knaggs has brought his second generation family business under the Ray White umbrella along with daughter Rowena Hernandez and…
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Gothic-style ‘Inventing Anna’ property is on the market
The stunning New York building made famous in the Netflix series Inventing Anna, is currently up for sale with an eye-watering price tag of US$135 million.
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The 10 Perth suburbs where house prices rose at least 26 per cent
Five of Perth’s top 10 price growth suburbs now saw their median house sale price soar above $1 million for the first time last financial year.
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Clearance rate inches higher despite subdued auction market
Auction markets remained subdued this week with just 1610 properties going under the hammer across the combined capitals, resulting in a preliminary clearance rate of 58.6 per cent.
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Christine Quinn lists $33.9 million Miami penthouse you can buy with crypto
Hot on the heels of leaving The Oppenheim Group and starting her own crypto-based brokerage RealOpen, Selling Sunset star Christine Quinn has listed a US$33.9 million penthouse.
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ANZ tips next rate rise to be 50 basis points
One of Australia’s biggest banks has tipped another 50 basis point cash rate rise in August as the Reserve Bank of Australia moves swiftly to put a lid on rising inflation.
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‘Little respite’ for falling New Zealand property market
New Zealand could be on the cusp of a Global Financial Crisis-like property market downturn with “little respite” for falling house prices in the coming months, according to an industry expert.
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