Real Estate News
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CoreLogic launches their digital RP proposals platform
CoreLogic has launched RP Proposals, a new digital solution that aims to streamline the real estate industry.
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Celebrating National Property Managers Day
National Property Managers Day is July 23, raising awareness of the challenge property managers face and celebrating their hard work.
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What the 2032 Olympic Games means for Brisbane’s property market
CoreLogic Asia Pacific research director Tim Lawless believes the 2032 Olympics should work as a positive influence on the Brisbane housing market.
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David Bowie’s SoHo apartment sold for $17 million in just one month
Late glam-rock legend David Bowie's New York City apartment has sold for US$17 million, after just one month on the market.
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Sydney’s luxury property market is number one in the world
Sydney’s luxury residential market is tipped to rise 10 per cent this year, according to Domain. This rise will make Sydney the world’s leading city for luxury property growth, as noted in Knight Frank’s Prime Global Forecast report. It’s a huge jump from last year’s 2021 forecast. In May last year, there was a forecast of just 1 per cent…
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Property Council welcomes Brisbane Olympics win
The Property Council of Australia has welcomed tonight's announcement that Brisbane will be the host of the 2032 Olympic and Paralympic Summer Games, heralding it a 'golden decade of opportunity' for the city.
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Openn Negotiation successfully lists on the ASX
Australian Proptech company Openn Negotiation has successfully listed and commenced trading on the Australian Securities Exchange (ASX) under the ticker OPN. Openn Negotiation’s listing on the ASX on July 21 comes after raising the maximum $9 million through the issue of 45 million shares at 0.20c per share, under the fully underwritten prospectus lodged in May. Openn Negotiation shares opened…
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Sally O’Neill joins Belle Property Hope Island with husband Sean
Boutique real estate brand, Belle Property has opened on Hope Island with Gold Coast royalty Sally O’Neill at the helm.
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Vertigo star Kim Novak’s Carmel home offers ultimate oceanfront views
Best known for her two roles in Alfred Hitchcock's Vertigo, Kim Novak is a beloved actress straight from the golden years of Hollywood.
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Victorian Government urged to allow one-on-one inspections amid ongoing lockdowns
The Real Estate Institute of Victoria (REIV) is urging the State Government to allow one-on-one inspections, noting the recently announced extension of Victoria’s fifth lockdown will wreak havoc on the real estate industry. On Tuesday, Victorian Premier Daniel Andrews announced the current lockdown would be extended seven days and is now slated to end on Tuesday, July 27. That’s likely…
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Which regions have seen the highest rent value increases over the year?
CoreLogic data across 88 local markets shows that, as with the current housing market upswing, rental market increases have been broad-based.
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Western Australia’s commercial property market is thriving
The commercial property market in Western Australia has risen from the ashes in the last financial year, according to Ray White. Ray White Commercial research has found Western Australia (WA) has greater certainty across all sectors, with tenants again occupying premises, business up and running, and low interest rates. Ray White head of research Vanessa Rader, in conjunction with Ray…
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Domain Home Loans welcomes new CEO and general manager Kareene Koh
Kareene Koh has been appointed as Domain Home Loans general manager (GM) and chief executive officer (CEO) on Monday, as Domain continues to expand their finance offerings.
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Property taxation is one of the largest barriers to housing affordability: REIA
Real Estate Institute of Australia (REIA) has urged the government to ‘axe the tax’, suggesting that removing property taxation will assist with the housing affordability crisis. REIA has suggested the National Housing, Finance and Investment Corporation (NHFIC) report Stamp Duty: Benefits and Challenges provides evidence that property taxation is one of the largest barriers to housing affordability and consistently performing markets. REIA…
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Domain, Lendi and other business leaders offer paid vaccination leave
Lendi Group, Domain Group, Prospa, Zip Co, Honey Insurance, Athena and Valiant Finance have announced paid vaccination leave for all permanent employees. The companies have launched the Great Aussie Vaccine Drive, pledging to offer employees paid leave for both doses, should they choose to get vaccinated against COVID-19. “We can see from the events unfolding around the country that getting…
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Paulette Contessi: Going her own way
Paulette Contessi honed her customer service skills running her own restaurants, events and recruitment companies, but it’s real estate where she found her true calling.
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US housing inventory jump is set to be a welcome relief for prospective buyers
Housing inventory saw significant recovery for the second straight month in June, according to the latest Zillow Real Estate Market Report. The increased housing inventory indicated the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favour. But demand is still strong, sending home value appreciation to new record highs for both monthly…
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Affordable regional markets are attracting first-time commercial investors
Raine & Horne has found regional commercial property markets around Australia are very attractive for business owners and investors, particularly for first-timers. Regional towns like Wagga Wagga, Port Macquarie and Mackay are experiencing very strong economies, primarily due to their COVID-19 recovery efforts. Executive Chairman of Raine & Horne Group, Angus Raine, said for those new to commercial property investing,…
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Westpac revises its outlook for the Australian Dollar
Despite a long-term upswing in the value of the Australian Dollar (AUD), Big Four bank, Westpac believes there's still potential for more growth.
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Are weekday auctions the new Saturday?
Saturday might be renowned as the prime day for property auctions, but according to Ray White's national auction day clearance rates, Friday is actually more successful.
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Inside #FreeBritney: Britney Spears’ impressive real estate portfolio
Britney Spears’ name has been plastered on headlines in recent weeks, courtesy of the #FreeBritney movement after she spoke out against the 13-year conservatorship that gave her father James control of her wealth. Britney Spears’ father James had previously been in control of her US$50 million fortune, earned thanks to mega-hits like Baby One More Time, Toxic and Oops! ……
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Openn Negotiation set to go public
Digital sales platform, Openn Negotiation is just hours away from becoming a publicly-listed company, with the real estate proptech co set to start trading on the Australian Securities Exchange (ASX) from 10am on July 21.
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From Wagga to Canberra: The next big step for Dave Skow
Dave Skow has set his sights on Canberra, teaming up with Independent Property Group as their new senior operations manager
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Raine & Horne’s new foundation set to help fight homelessness
Raine & Horne has hit the ground running with its new foundation, announcing it has partnered with not-for-profit charity, Dignity, in a bid to tackle homelessness. Launched recently, the Raine & Horne Foundation is the formalisation of the group’s social and corporate responsibility activities. The Foundation will work with a number of charitable organisations annually and will be supported by…
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Perth vacancy rates hit the highest level since August last year
With an increase of 1.2 per cent in June 2021, the Perth vacancy rate is at the highest level seen since August last year.
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Regional NSW asking rents soar while metro locations continue to struggle
As more Sydney-siders seek a lifestyle overhaul, asking rents are soaring in popular New South Wales towns.
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The US luxury housing market frenzy is settling down as inventory rises
The wild residential housing market in the United States (US) is finally starting to calm down, according to the Wall Street Journal. The publication reported more properties are coming on to the US housing market, especially in the prestige sector. They note inventory is increasing as owners who delayed selling during the worst of the pandemic now look to list their…
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Celebrity jeweller Pascal Mouawad lists his $15 million Bel Air mansion
He’s the Hollywood jewellery designer famed for adding the final sparkles to some of the stage and screen’s biggest names. Internationally acclaimed jeweller Pascal Mouawad has listed his Bel Air mansion for US$15.75 million, according to TopTenRealEstateDeals.com. Mr Mouawad’s fine jewellery designs have graced runways and red carpets from the Oscars to Paris Fashion Week. The designer jewellery has been…
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National rents record highest annual growth in over a decade
Despite rental growth slowing over recent months, CoreLogic's Rental Review for the June 2021 quarter shows national rental rates are 6.6 per cent higher than they were last year after enjoying the highest annual growth in dwelling rents since January 2009.
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Clearance rate steady despite lockdowns in the largest auction markets
The combined capital city preliminary auction clearance rate remained relatively steady week-on-week, despite the announcement earlier in the week that Sydney was extending the current lockdown and Melbourne was commencing a fifth lockdown.
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Property Council of Australia asks NSW to balance sustainable housing design with affordability
The Property Council of Australia has cautiously welcomed changes to the recent Design and Place State Environmental Planning Policies (SEPP) Explanation of Intended Effect (EIE) report, but notes sustainability must be balanced with affordability.
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Governments urged to improve planning approval times
The REIA is urging the Federal and State Governments to improve planning approval times in a bid to address the diminishing housing supply.
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Adelaide is now Australia’s best auction market
Ray White Chief Economist Nerida Conisbee says Adelaide has so far recorded the highest auction clearance rate in the network in July.
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Apartment dwellers set to face confusion as mandatory mask rule kicks in
New rules regarding the mandatory wearing of masks inside apartment blocks are set to cause widespread confusion unless out of date government information is updated according to a leading strata law expert. From this week it is now mandatory for anyone indoors on residential strata common property in Greater Sydney to wear a mask. If they fail to comply they will…
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Snap lockdown thwarts Melbourne’s scheduled auction growth
Melbourne had more than 1,000 auctions scheduled, but the latest snap lockdown could significantly impact these figures.
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