Real Estate News
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Big growth goals for RE/MAX Results new recruit
Sarah Smith has joined Queensland’s RE/MAX Results with her eyes firmly set on solid growth targets, including boosting the group’s GCI, rent roll and team numbers.
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New property listings plunge in December as homes stay on the market longer
The number of new listings hitting the market in December fell by 31.1 per cent when compared with Novembers figures, according to the latest update from SQM Research.
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Foreign buyers look to Australia after Canada ban
Canada’s decision to shut the door on foreign buyers could prove a bonus for the Australian property market, according to experts.
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Australian property values record largest decline on record
Australian property values have clocked the largest decline on record, dipping by 8.4 per cent between their peak on May 7 2022 and January 7 2023, according to CoreLogic.
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NSW Labor to shake up pets in rentals and stamp duty if elected
NSW Labor has hit the campaign trail hard, promising to extend first-home buyer stamp duty exemptions and make renting with pets easier if elected in March.
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Homebuyers ditch location for lifestyle
Once real estate was all about location, location, location, but now lifestyle, lifestyle, lifestyle is at the forefront of buyers' decision making, according to a leading property expert.
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New population report reveals what Australia’s cities will look like in 2033
Melbourne remains on track to overtake Sydney as the country's largest city within the next decade, according to new modelling.
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2022 the worst year for property price drops since the GFC
December home price figures paint a mixed picture for a property market that came under intense pressure from rising interest rates during 2022, with some smaller capital cities still recording positive price growth despite a decline in national values not witnessed since the Global Financial Crisis.
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Captivating restored US mansion ready for auction
Often referred to as the “White House of the West”, one of America’s most captivating mansions has hit the market in Tacoma in Washington state. The circa 1907 property, known as Rust Mansion, was originally designed by architect Ambrose J. Russell for William Ross Rust, who ran the American Smelting and Refining Co. Spread across four expansive floors, Rust Mansion…
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Glenn Sanford appointed eXp Realty CEO again
Glenn Sanford has again been appointed as chief executive officer of eXp Realty, the virtual real estate brokerage he founded in 2009.
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Perth property prices tipped to rise in 2023
Low stock levels and high demand will continue to see property prices rise in Australia’s most affordable capital city - Perth - in 2023.
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Simon Pressley’s 2023 property market predictions
House prices will rise between two and seven per cent in the majority of capital city and regional locations in 2023, a leading property analyst has predicted.
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The top 50 residential real estate influencers and innovators for 2022
There is rarely a dull day in real estate. From mergers and acquisitions, pivoting in a changing market and continued acceleration of PropTech, 2022 has been a year for the record books.
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Only 7 per cent of suburbs in New Zealand not experiencing price declines
While most suburbs in New Zealand have been experiencing steep home price declines in the past three months, there are still areas that have seen growth according to CoreLogic.
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Demand for quality commercial assets to increase in 2023
Demand for value-add commercial assets and locations that will experience strong population growth will be a key focus for investors in 2023 according to an expert.
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O*NO Legal’s new webinar tackles start-ups and early growth
With more and more real estate agents opting to start their own agency it’s increasingly important to understand the options available, and how to stay on track.
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Selling Sunset Star Mary Fitzgerald buys renovated Toluca Lake house
Selling Sunset star Mary Fitzgerald has quietly picked up a stylishly renovated property in the Los Angeles neighbourhood of Toluca Lake.
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Distressed property sales could increase next year: HTW
The end of many borrowers' fixed-rate loan term in 2023 is expected to present a significant challenge for real estate values, according to a new report.
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Home buyers search for ways to save as rates rise
Home buyers searching for information on interest rate rises exploded in 2022, with new research suggesting thousands of Australians are looking to cope with higher borrowing costs.
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Kendrick Lamar scoops up Bel Air estate
Rapper Kendrick Lamar has officially purchased a US$15.9 million Bel Air estate to add to his growing property portfolio.
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Regional home prices hold up better than the capital cities
After booming throughout the pandemic, regional property prices have continued to outperform the capital cities in 2022, driven by ongoing demand and tight supply, according to a new report.
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Tom Petty’s oceanfront Malibu beach house hits the market
The Malibu home of the musician, Tom Petty has officially hit the market with an asking price of US$9.8 Million. According to The Dirt, the estate of the late vocalist and guitarist who passed away 2017, has put the property up for sale. Sitting on the white sand of Escondido Beach, the beach house boasts 20 metres of ocean frontage…
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Two Toorak records among Victoria’s top sales in 2022
Two state records set in just a matter of days in August topped the list of Victoria's most expensive home sales this year.
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Most searched for suburbs, property features in 2022 revealed
The skyrocketing cost of borrowing is shaping up to be one of the biggest influences on the property market, but rising rates haven't stopped buyer demand in certain suburbs, according to a new report.
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How Noosa’s Suter Smith Cleine built their successful real estate agency in under 12 months
After years working under franchise brands, Ian & Linda Suter, Clint Smith & Tyron Cleine took the leap and joined forces to launch their independent agency, Suter Smith Cleine a little over 12 months ago.
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Some of the NSW property sales that wowed us in 2022
There's no doubt Sydney has some of the most luxurious homes in the world and some of the top sales this year didn't disappoint. Let's take a look!
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Jonah Hill sells his spare Malibu house
Moneyball star Jonah Hill has officially sold his spare Malibu home after picking up another house closer to the beach.
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New online marketplace looks to match agencies, principals with PropTech startups
A new platform designed to link PropTech startups with agencies and principals seeking to diversify their business or fill a technology gap has launched and is calling for new participants in 2023.
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REIACT appoints new chief executive officer
The Real Estate Institute of the ACT (REIACT) has appointed Maria Edwards to the CEO role, taking over from Michelle Tynan.
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New Zealand property values decline at GFC levels with further falls predicted
Agents taking stock of Australia's deteriorating market conditions should spare a thought for their Kiwi cousins, with values in New Zealand falling further than predicted in 2022.
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Combating Taree’s rental crisis with transitional housing
The rental crisis across Australia is reaching extreme levels, with some of the biggest shortages occurring in regional areas forcing vulnerable people into incredibly challenging situations.
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Eagles drummer Don Henley buys his son a million-dollar LA home
Grammy-winning Eagles founding member Don Henley has quietly purchased a Westside Los Angeles home for his son, 24-year-old Will Henley.
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Fastest Growing Ray White Office goes Greater
Leading principal Avi Khan continues to expand his foothold across Queensland, buying two more Ray White offices in Brisbane. Avi Khan Group (AKG) officially purchased Ray White Eight Mile Plains and Ray White Brookewater/Greater Springfield. The acquisitions now mean Avi Khan Group operates five offices in total making it the fourth largest group in the Ray White network all in…
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Victorian suburbs top the list for best buying opportunities in 2023
Victoria has topped the list for the most suburbs that offer great buying opportunities in 2023 according to a new report.
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Uptick in property listings during November, PropTrack says
New property listings rose during November, according to a new report, with regional areas witnessing the largest increase.
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