Real Estate News
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Queensland rental supply falls 30 per cent as investors exit market
Surging house prices across Queensland have caused a wave of investor selling, the the number of available rental properties dropping dramatically.
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Australian home buyers prepared to wait for lower prices
Nearly eight in 10 Australians are prepared to wait for house prices to fall further before jumping back into the market, according to new data.
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Ashley Tisdale buys midcentury ranch in the Hollywood Hills
High School Musical star Ashley Tisdale has quietly picked up a midcentury ranch-style residence in the Hollywood Hills.
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Preliminary clearance rate holds above 60 per cent
The preliminary clearance rate has held above 60 per cent for the fourth consecutive week, despite a drop in auction volumes.
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The worst is yet to come on interest rates and the economy: Treasurer
Federal Treasurer Jim Chalmers has warned homeowners there will likely be more pain ahead as interest rate rises start to weigh on the economy.
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Luxury retailers expand their Australian presence
Luxury retailers are expanding their bricks and mortar footprint in Australia, with demand for luxury goods well ahead of pre-pandemic levels.
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Grow your rent roll with levelled up listings
Property managers have always been amongst the hardest workers in the room. Landlords expect great results in short timeframes, but are also looking for the cheapest possible prices, meaning PMs often have to compromise on using the best quality tools and services.
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Adelaide land prices climb north of $200,000 for the first time
Adelaide real estate continues to be among the strongest in the country, with the value of land now surpassing $200,000 for the first time.
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Usher buys Cara Delevingne’s Boho-style Hollywood hills home
London-born model/actress sisters Cara and Poppy Delevingne have quietly offloaded their Hollywood hills home to singer Usher Raymond.
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Ryan Serhant lists world’s tallest penthouse for $250 million
Ryan Serhant is no stranger to selling high-end luxury property, but his latest listing is looking to set records for the most expensive property ever sold in the US.
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First-home buyers quietly returning to the market
Despite rising interest rates, first home buyers appear to have passed “peak pessimism” and are slowing returning to the New Zealand property market, according to new data.
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Perth industrial and logistics demand on the rise
Demand for industrial and logistics commercial property is rising as Western Australia's economy bounces back from the Covid era, according to new data.
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US home mortgage rates top 6 per cent for the first time since 2008
Mortgage rates in the US have hit their highest level since 2008, as the popular 30-year fixed rate loan has now topped 6 per cent.
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Microsoft co-founder Paul Allen’s $90 million superyacht for sale
If you’ve got a lazy US$90 million to spend, why not take a look at the superyacht Microsoft co-founder Paul Allen owned, and which has been listed for sale in Monaco.
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Former REA Group CEO Tracey Fellows retires
Former REA Group Chief Executive Officer Tracey Fellows has announced her shock retirement.
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New PMVA menu serves up office efficiency
Do you need help advertising a property? What about organising inspections or onboarding a new tenant?
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Big banks tip cash rate to hit 3 per cent
On the back of the latest Reserve Bank of Australia (RBA) cash rate hike, Australia’s major banks are now expecting more pain ahead for borrowers, with another hike of between 0.25 and 0.5 per cent predicted next month.
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Mick Doohan’s luxury Gold Coast estate gaining worldwide attention
Motorcycle world champion Mick Doohan is officially selling his famous Gold Coast estate, which has housed celebrity guests including Brad Pitt and Johnny Depp.
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A scroll through Melbourne’s most popular streets
Outer suburb Melbourne McMansions have dominated Victoria’s buyer interest over the last three years according to realestate.com.au.
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International buyers return to luxury property markets
With travel restrictions continuing to ease by the day, international buyers have returned to hunting for luxury property in many of the world's most exclusive markets.
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Rising rates to continue to weigh on property markets: RBA
Rising borrowing costs will likely see property prices fall, however, the magnitude and timing is unclear according to the RBA.
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Carey Mulligan and Marcus Mumford buy LA hills estate
Carey Mulligan and her longtime husband Marcus Mumford have added to their substantial property portfolio, picking up a Hacienda-style estate in the Los Angeles hills.
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Agent hits ground running with morning workout
Real estate sales professional Angela Stergou prepares for the day ahead with a 30-minute workout every morning.
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Clearance rate rises as auctions enjoy their busiest week since June
Spring selling season is under way in earnest with this week proving the busiest auction week since June while the preliminary clearance rate climbed to its highest point since May.
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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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