Real Estate News
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Darwin, Perth and Hobart record strong growth in January
Australian house values reached a record new high during the start of 2021 - even surpassing pre-COVID levels, according to latest data from CoreLogic.
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Auction activity picks up right where it left off
Capital city auction activity has ramped up after the seasonal slowdown, with 891 homes taken to auction this week resulting in a preliminary clearance rate above 80 per cent.
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REINSW report card gives State Government a ‘fail’
The Real Estate Institute of New South Wales has marked the State Government’s role in the property market in 2020 as a ‘fail’ but has identified five key ways it could perform to an A+ standard this year.
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New research says small businesses will increase their focus on sustainability this year
New research from Australia Post shows almost half of small businesses across the country consider sustainability to be very important to their future success, with many looking to invest more heavily in this area in 2021.
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Does swapping New York for LA count as downsizing for Matt Damon?
For the first time in decades, Matt Damon will be making a move without his best friend, Ben Affleck.
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Peters Investments confirms its support for The Agency
Peters Investments has thrown further weight behind The Agency, converting $3 million of convertible notes to equity and exercising 14 million options in a show of support for the brand’s future plans.
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Ray White ready for red hot auction market
This weekend marks the beginning of the 2021 auction season and, according to Ray White, their group plans to start the year with a bang.
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Luxury Hayman residences to offer the complete lifestyle – or rental
Mulpha Australia, owner of the iconic InterContinental Hayman Island Resort are taking advantage of the 'holiday at home' trend by releasing a limited number of ultra-luxury villas in the tropical surrounds of Hayman Island on the Great Barrier Reef.
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Regions show record price growth
House prices have hit a new record high across all Australian capitals with exceptions of Darwin and Perth.The Domain House Price Report for the December 2020 quarter released this morning also shows that outer city regions across the country saw record price growth as demand rose throughout COVID.
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Joan Collins set to sell Manhattan pad
Legendary British actress and star of the long-running ABC-hit Dynasty, Joan Collins, has just put her Manhattan pied-a-terre up for sale for almost $2.1 million.
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ACT tops the HIA scorecard as the best state to build
The HIA Housing Scorecard report presents an analysis which ranks each of the eight states and territories based on the performance of 13 key residential building indicators, including detached and multi-unit building activity, renovations, housing finance, and rates of overseas and interstate migration.
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Severe undersupply on the Sunshine Coast
The number of properties available for sale or rent on Queensland's Sunshine Coast has hit the lowest levels in more than a decade.
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The rental gap between houses and units continues to widen: CoreLogic
The COVID-19 pandemic has created diversity across the Australian rental market with international border closures and stalled immigration continuing to impact capital cities, according to CoreLogic RP Data.
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‘The Event’ on the Gold Coast nets more than $35m in sales
More than $35m worth of Gold Coast property was sold at a massive annual auction held by the Ray White Surfers Paradise Group.
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Record revenue for The Agency
The Agency’s half-year report to shareholders shows the company continues to grow in revenue, has positive cashflow, and a growing sales pipeline into 2021.
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It’s time for some normality: REIA calls for rental eviction moratoriums to be removed
The Real Estate Institute of Australia is calling for all COVID-19 rental eviction moratoriums to be removed with fewer businesses unable to pay their rent than expected.
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RE/MAX returns to Wellington
RE/MAX Capital Legacy made certain nobody would miss its arrival in Wellington this year: a giant billboard on the SH2 Motorway announced the business a week before the launch.
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Laing+Simmons announce breakaway from Dexar Group with a management buy out
A partnership of 15 Laing+Simmons team members have announced today they have agreed to purchase the business from Dexar Group for an undisclosed sum.
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Agents on the move
Newly signed Ray White recruit Leigh Grixti has a hidden advantage when it comes to property sales, while Brisbane agent Adam Gould is joining the LJ Hooker Property Centre in Cleveland with his team.
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Long service leads to partnership at PhilipWebb
PhilipWebb Real Estate in Melbourne’s East, has invited Robert Groeneveld to become a partner at the firm.
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Homely signs on as a major sponsor for Transform 2021
Homely says that after a fantastic response and positive feedback from agents and property managers who attended Transform 2020, they are seizing the opportunity to partner again with Elite Agent.
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Why online reviews are essential for real estate in 2021
There’s a lot more to online reviews that just five stars, and interaction management platform Podium knows the huge impact that can have on Australian real estate.
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Auction volumes up 44 per cent over December quarter
CoreLogic’s auction market review for the December quarter 2020 saw the combined capital city clearance rate continue to strengthen, while auction volumes increased by 44 per cent over the same period.
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Infamous former address of Marilyn Monroe sells
On the market since 2017, priced at $180 million then reduced to $115 million, the historic celebrity-magnet Owlwood mansion, the crown jewel of L.A.’s Holmby Hills, has sold for $88 million. Completed in 1936, few Los Angeles mansions have its stature, rolling grounds or have been the center of so much…
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It’s not the brand, it’s the agent
Shannon Beavis launched Your Property Co in Maroochydore on Queensland's Sunshine Coast in November 2020, and just three short weeks after opening the doors, he'd racked up close to $3 million in sales.
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Video of the Week – With a little help from my friends
When Jane Booty from Stone Real Estate In Castle Hill decided to sell her house, who did she list it with? All of her mates in the area, basically. Appearing in this video are Karen D'Angla from DiJONES Northern Districts, Melissa Williams from Response Baulkham Hills, Ruma Mundi from First…
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New home sales surge
The lure of $25,000 caused a surge of new home sales in December as buyers rushed to qualify for the Federal Government’s HomeBuilder grant.
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A call to end stamp duty as Queensland’s rental shortage worsens
As Queensland's residential property market continues its upward trajectory into the New Year, the Real Estate Institute of Queensland's (REIQ) is calling for the Palaszczuk Government to consider abolishing stamp duty.
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Lifting lockdown leads to record Victorian house prices: REIV
The median house price in Victoria has recorded its largest increase since 2000, according to data from Real Estate Institute of Victoria's quarterly December report. For the first time, Metropolitan houses in Melbourne surpassed a median value of $900,000, jumping by 9.5 per cent from the September quarter to land…
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Hobart and regional Victorian homes lead the nation in profit-making sales
Hobart had the highest rate of profit-making re-sales of all capital cities over the September quarter, according to the most recent data from CoreLogic.
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Owner occupier resurgence offers a positive outlook for 2021
The total value of new loan commitments for housing and the value of owner occupier home loan commitments both reached record highs in November 2020, according to the latest Australian Bureau of Statistics (ABS) figures released today. The total value of new loan commitments for housing rose 5.6 per cent…
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Virtual inspections see Brisbane market momentum continue
Brisbane’s lockdown did not stop house-hunters keen to inspect property last weekend with many switching to a virtual platform.
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Hemsworth brothers’ Malibu mansion sells for US$4.9 million
A Malibu home that was owned jointly by Luke, Liam and Chris Hemsworth just sold for $4.9 million. The brothers purchased the property in 2016 for $3.45 million. Luke 40, Chris 37 and Liam 30 have had stellar careers in film and television since Luke began acting in an Australian soap opera in 2001,…
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Franchises announce team changes to cater to hot Gold Coast market
Demand for property on the Gold Coast has seen an expansion of the Ray White Runaway Bay Group, who have just opened their fifth agency in the region. Their new office at Arundel just outside of Surfers Paradise is a key residential suburb popular with local families. It is a strategic move for the business which has sold around $4…
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How would you market this ’60s party mansion?
The former party mansion of mafia girlfriend and America's sweetheart, Phyllis McGuire is on the market, complete with its own replica Eiffel Tower.
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