Real Estate News
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Building high-quality housing doesn’t make older properties more affordable
Filtering, the process of building new high-quality homes for higher income earners, doesn’t necessarily make older homes more affordable according to new research.
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Property values fall in 80 per cent of New Zealand suburbs
Property prices across New Zealand continue to soften with values down in more than 80 per cent of suburbs according to new data.
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Rent roll values rise across the eastern states
The median value of a rent roll across Australia’s eastern seaboard has risen to $470,657, new data from a specialist rent roll broker shows.
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Mariah Carey flips Georgia estate back onto the market
Singer Mariah Carey appears to be packing up and leaving Georgia after just nine months and is putting her Colonial-style mansion back on the market in the process.
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The pitfalls of buying and selling a rent roll
Buying a rent roll can be risky, but only if you don’t have all the necessary information before making your decision, according to O*NO Legal founder Kristen Porter.
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Nathan Gallagher takes the helm as REA Group’s national sales director
REA Group continues its focus on customers with new roles announced for Ben Auchettl and Nathan Gallagher.
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Busiest winter for new listings in five years
Listings are beginning to pick up across the country, ahead of the typically busy spring season.
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Sydney’s Annandale Abbey back on the market for $15 million
One of Australia’s finest heritage homes, Annandale Abbey, is back on the market for $15 million.
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Andreessen Horowitz officially invests in real estate startup Flow
Venture capital firm Andreessen Horowitz has officially taken a stake in Flow, the real estate startup founded by WeWork’s Adam Neumann.
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Adele puts Nicole Richie’s former Beverly Hills home up for sale
English songstress, Adele is looking to offload one of her Beverly Hills homes that she only recently pickup up from good friend Nicole Richie.
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AI tech that assists agents in qualifying buyers
Buyer management is in the spotlight as the needle shifts on buyers this Spring selling season. The common way of qualifying buyers, via phone call, is working, but is it scalable?
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Sydney’s top-performing suburbs over the past year
Despite property prices trending lower across Sydney, there are still a number of suburbs that continue to perform strongly according to new analysis.
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“Tax grab” could see investors leave the Queensland market
The Queensland government’s “tax grab” could see residential property investors exit the market and put pressure on small businesses according to an expert.
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Melissa McCarthy buys Little Italy penthouse
Bridesmaids star Melissa McCarthy has purchased a Manhattan penthouse that was last listed for US$7.35 million.
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REIA: housing affordability drops further
Housing affordability has continued to drop with the proportion of income needed to meet mortgage and rent payments rising in the June quarter.
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Brisbane’s rental crisis putting vulnerable renters at risk
The rental crisis in Brisbane is leaving many vulnerable and low-income earners at risk of homelessness according to an expert.
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Big banks increase mortgage rates again
All four major banks have passed on the full 50 basis point interest rate increase, while once again savers have missed out.
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Oprah Sells $14 million Montecito estate to Jennifer Aniston
Oprah Winfrey is cashing out of Montecito, selling her large ocean and mountain view estate in two separate transactions for approximately US$17 million.
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Domain supports ‘Move to More’ campaign with Regional Australia Institute
Domain will partner with the Regional Australia Institute (RAI) in its ‘Move to More’ campaign, which aims to showcase all vibrant regional communities can offer those seeking a tree change. The national property platform will use its data-based regional property insights to highlight the opportunities and challenges that exist in the regional property market, including rising demand and housing supply…
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Fixed-rate mortgage bomb set to go off
Thousands of borrowers on fixed-interest home loans are facing an interest rate “cliff” and could be plunged into mortgage stress by the end of the year.
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$8 million double apartment sale in The Horizon breaks records
A double apartment in Sydney’s The Horizon tower has sold for a record-setting $8 million.
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Cloudstaff launches dedicated property division for the Australian market
Cloudstaff, the Australian-headquartered remote staffing platform, has announced the launch of a dedicated division to service the Australian real estate market.
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John Francis Daley and Corinne Kingsbury selling their luxury LA villa
Actor, writer and producer John Francis Daley and his writer wife Corinne Kingsbury are selling their luxury villa above LA’s Encino community for nearly US$6 million.
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Auction volumes increase with a bumper week tipped to come
Auction volumes inched higher this week as spring selling season hits its stride, with CoreLogic predicting next week could see the busiest auction week since June this year.
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Trading up is getting easier in New Zealand
Upgrading your home is gradually getting easier across New Zealand, with new data showing the premium to trade-up is on the decline.
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Risky lending falls as tough APRA rules kick in
The value of risky mortgages continues to fall after tough new rules from the Australian Prudential Regulation Authority (APRA) start to take hold.
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A unique spring selling season on the horizon
Despite the arrival of the spring season, sales activity is expected to be a little different this year as mortgage rates, weak consumer sentiment and stretched household budgets begin to bite.
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Kim Kardashian relists her Calabasas condo
For the second time in three years, reality star Kim Kardashian has listed her bespoke Calabasas condo with the same asking price of US$3.5 million.
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MyHomeVault app puts property information in the palm of your hand
An Australian real estate app that stores property information in one secure place is now available on the Apple App and Google Play stores.
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Tech occupiers drive rapid growth in city fringe office market
Commercial investor activity on Sydney’s city fringe is tipped to hit record levels before the end of the year.
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Mortgage anxiety rises as the RBA continues to hike the cash rate
Rapidly rising mortgage rates could leave borrowers in serious financial trouble with new research finding two-thirds of homeowners may default as a result of the increased cash rate.
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Australia’s largest landowners buy NT cattle station for $70 million
Australia’s largest private landowners, pastoralists Donny and Colleen Costello, have expanded their cattle station empire to more than 9.2 million hectares, after acquiring Mount Doreen Station in the Northern Territory for $70 million.
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Season 3 of Luxe Listings Sydney promises to be the biggest and best yet
When Monika Tu was invited to join the inaugural season of the hit Amazon Prime TV show Luxe Listings Sydney she initially said no.
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Government flags incentives for pensioners to downsize
The Federal Government is seeking to address the issue of housing supply and affordability by giving pensioners more incentives to downsize.
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Nerida Conisbee: rent control isn’t the answer to the rental crisis
There are almost twice as many people under rental stress than those experiencing mortgage stress, with ‘stress’ defined as spending more than 30 per cent of household income on rental or mortgage payments. In the most recent Census of Population and Housing conducted in 2021, there were 915,000 households spending more than 30 per cent of their income on rental…
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