Real Estate News
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Renovate now, pay later adds thousands to properties sale price
A renovate now, pay later home preparation company is helping real estate agents and their vendors achieve hundreds of thousands of dollars above their initial appraisal price.
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Rising interest rates weigh on median home prices: HTW
The Reserve Bank of Australia’s sharp tightening cycle has started to see median home prices fall across the country, according to the latest Herron Todd White (HTW) Month in Review.
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Sunshine Coast Hinterland continues to see strong demand
After seeing a record level of demand over the COVID-era, the Sunshine Coast hinterland property market is still recording strong sales numbers as homebuyers continue to chase a better lifestyle.
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Real estate guru Antony Catalano lists St Kilda mansion for $16 million
Former Domain boss Antony Catalano is getting ready to offload his beachside mansion in St Kilda West as is set to achieve an eye-watering $11 million profit on the sale.
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Property values fall in majority of house and unit markets
Almost 80 per cent of Australia’s house and unit markets are now in decline.
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Sellers increase marketing budget in face of tighter market
Vendors are willing to increase advertising budgets for their homes if they can delay payment of marketing costs until settlement, new figures from marketing finance provider CampaignAgent show.
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Australia continues to attract commercial real estate investment
After a record year in 2021, commercial transactions have slowed, however, Australia still remains an “attractive” market for international investors according to an expert.
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Sydney vacancy rate hits nine-year low
Finding a rental property in Sydney is getting increasingly difficult, with new data showing the rental vacancy rate has just hit a nine-year low.
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Aubrey Plaza picks up a Spanish-style home in the Hollywood Hills
Parks and Recreation actress Aubrey Plaza has quietly spent US$4.7 million to move down the street - upgrading to a Spanish-style home in the Hollywood Hills.
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Spotting and selling an Endeavour Foundation “prize home”
RE/MAX First Caloundra principal Karl Rademeyer knows what it takes to spot a “prize home”, having sold three properties to charity the Endeavour Foundation as a part of their annual home lottery giveaway.
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How the floods impact insurance: FAQs answered!
Floods – sadly, many Australians and their properties are bearing the brunt of Mother Nature. This means an influx of inquiries are hitting agents.
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Melbourne’s median house price drops below $1 million
Melbourne house prices have slipped back under $1 million, creating an opportunity for buyers.
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Record low share of rentals below $400 per week
Tight rental markets are putting extra pressure on low-income renters as the share of rental properties listed below $400 per week has hit a record low.
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Zendaya buys her father a California dream house
Spider-Man actress Zendaya has purchased a house for her father on the outskirts of Los Angeles, in the San Fernando Valley.
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Top tips to clean up a flood damaged home
Television lifestyle presenter and Rochester resident Walt Collins has offered some critical tips on where to start a home cleanup after a flood.
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Renewable energy plants could boost property prices
Building renewable energy plants could help increase the value of nearby property prices, according to a new report.
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Agents rally in Victorian floods to help clients
Real estate agents across Victoria are counting the cost of the devastating floods that have gripped the state, with some still unclear on the exact amount of damage.
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Borrowers “scrambling” to refinance in record numbers
Rapidly rising interest rates and higher living costs are pushing record numbers of borrowers to refinance their home loans.
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Selling Sunset star Emma Hernan picks up another LA home
Selling Sunset star Emma Hernan and her onetime fiancée Peter Cornell, have teamed up to grab a bargain on a Hamptons-esque house in the Hollywood Hills.
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Useful real estate links and articles for flood-affected regions
Articles and links, which are designed to assist real estate professionals before, during and after a natural disaster event.
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Financial relief for flood-affected communities
In the wake of this weekend’s widespread flooding across south eastern Australia, the Federal Government and Victorian State Government have announced financial relief is available for flood-affected communities.
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Capital city auction volumes fall 4 per cent
Capital city auction volumes fell 4 per cent this week, with 1742 homes going under the hammer to return a preliminary clearance rate of 61.4 per cent.
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REIQ says public landlord register is unjustified
As the Queensland Government prepares for an upcoming housing summit to address the state’s ongoing supply issue, a suggested public landlord register has been labelled ‘unjustified’ by the Real Estate Institute of Queensland.
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Joe White elected new REIWA President
REIWA has elected Joe White as the institute's new President, after serving two years as Deputy President.
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Rents hit record highs again as units outpace houses
Rents have hit record highs across the country again, with unit rents rising much faster than houses.
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New Propic AI seeks to generate more leads and save agents time
PropTech innovator, Propic has reinvented its Artificial Intelligence technology, with a trio of revamped products aimed at meeting real estate consumers’ demands for 24/7 service, giving agents more time in their day and generating leads with outbound prospecting.
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New listings 15 per cent below the long-term average
Despite rising interest rates and falling prices, homeowners are not rushing to sell.
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Billionaire media mogul Byron Allen picks up $100 million estate
Chairman and CEO of Allen Media Group/Entertainment Studios, Byron Allen has paid a record-setting price for a lavish Malibu vacation home.
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Slower start to spring for new listings but what’s to blame?
The extra public holidays in late September have contributed to a slow start to spring for sellers, with new listings 7.5 per lower than the prior month.
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Laing+Simmons appoints new head of property management
Laing+Simmons has appointed a Head of Property Management for the first time to lead its new in-house property management training program to build property managers’ skills and stop the ‘churn and burn’ typically associated with the industry.
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Little Hinges lands partnership with industry heavyweights, Ray White
Little Hinges have inked a deal with Ray White Surfers Paradise to ensure every new rental property features a virtual tour as part of their property management package.
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Former Bathurst winner Lee Holdsworth transitions to commercial real estate
After winning the Bathurst 1000 in 2021 and starting on the front row in 2022, Supercars veteran Lee Holdsworth is getting ready to step away from racing and take up a new career in commercial real estate.
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‘Issues’ singer Julia Michaels buys LA Mansion
Grammy-nominated singer-songwriter Julia Michaels is expanding her already large property portfolio, having picked up an LA Mansion in the San Fernando Valley community of Encino.
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Housing market passes ‘peak fear’ phase
Australian property markets have passed their “peak fear” phase and are expected to bottom out in the new year according to an expert.
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Mitch Armstrong appointed as OBrien Real Estate’s first CEO
OBrien Real Estate has a new Chief Executive Officer, with Mitch Armstrong joining the Victorian brand with a clear vision to lead the industry in agent and client experience.
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