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Celebrity Homes
Inside #FreeBritney: Britney Spears’ impressive real estate portfolio
Britney Spears’ name has been plastered on headlines in recent weeks, courtesy of the #FreeBritney movement after she spoke out against the 13-year conservatorship that gave her father James control of her wealth. Britney Spears’ father James had previously been in control of her US$50 million fortune, earned thanks to mega-hits like Baby One More Time, Toxic and Oops! ……
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FRANCHISE NEWS
Raine & Horne’s new foundation set to help fight homelessness
Raine & Horne has hit the ground running with its new foundation, announcing it has partnered with not-for-profit charity, Dignity, in a bid to tackle homelessness. Launched recently, the Raine & Horne Foundation is the formalisation of the group’s social and corporate responsibility activities. The Foundation will work with a number of charitable organisations annually and will be supported by…
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BTW
New $800 million landmark is set to transform Surfers Paradise
International property developer SPG Land has proposed plans to transform Surfers Paradise with a $800 million project that will deliver one of the largest residential resorts on the Gold Coast. The Announcement: International property developer SPG Land, in a joint-venture with Australia developer Gordon Corp, has laid plans for a major transformation of Surfers Paradise with an innovative design that…
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WA Real Estate News
Perth vacancy rates hit the highest level since August last year
With an increase of 1.2 per cent in June 2021, the Perth vacancy rate is at the highest level seen since August last year.
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NSW Real Estate News
Regional NSW asking rents soar while metro locations continue to struggle
As more Sydney-siders seek a lifestyle overhaul, asking rents are soaring in popular New South Wales towns.
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Real Estate News
The US luxury housing market frenzy is settling down as inventory rises
The wild residential housing market in the United States (US) is finally starting to calm down, according to the Wall Street Journal. The publication reported more properties are coming on to the US housing market, especially in the prestige sector. They note inventory is increasing as owners who delayed selling during the worst of the pandemic now look to list their…
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Celebrity Homes
Celebrity jeweller Pascal Mouawad lists his $15 million Bel Air mansion
He’s the Hollywood jewellery designer famed for adding the final sparkles to some of the stage and screen’s biggest names. Internationally acclaimed jeweller Pascal Mouawad has listed his Bel Air mansion for US$15.75 million, according to TopTenRealEstateDeals.com. Mr Mouawad’s fine jewellery designs have graced runways and red carpets from the Oscars to Paris Fashion Week. The designer jewellery has been…
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INDUSTRY NEWS
National rents record highest annual growth in over a decade
Despite rental growth slowing over recent months, CoreLogic's Rental Review for the June 2021 quarter shows national rental rates are 6.6 per cent higher than they were last year after enjoying the highest annual growth in dwelling rents since January 2009.
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BTW
Real estate marketplace Homely.com.au partners with Raine & Horne
Real estate marketplace Homely.com.au has partnered up with Raine & Horne.
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BTW
Record number of construction projects started in the March quarter
New house construction has increased by 40 per cent, compared to last year.
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NSW Real Estate News
Property Council of Australia asks NSW to balance sustainable housing design with affordability
The Property Council of Australia has cautiously welcomed changes to the recent Design and Place State Environmental Planning Policies (SEPP) Explanation of Intended Effect (EIE) report, but notes sustainability must be balanced with affordability.
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INDUSTRY NEWS
Governments urged to improve planning approval times
The REIA is urging the Federal and State Governments to improve planning approval times in a bid to address the diminishing housing supply.
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Real Estate News
Adelaide is now Australia’s best auction market
Ray White Chief Economist Nerida Conisbee says Adelaide has so far recorded the highest auction clearance rate in the network in July.
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Real Estate News
Apartment dwellers set to face confusion as mandatory mask rule kicks in
New rules regarding the mandatory wearing of masks inside apartment blocks are set to cause widespread confusion unless out of date government information is updated according to a leading strata law expert. From this week it is now mandatory for anyone indoors on residential strata common property in Greater Sydney to wear a mask. If they fail to comply they will…
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Real Estate News
The Australian launches new commercial property lift-out
The Australian and realcommercial.com.au have come together to launch a new commercial property platform. The 12-page commercial property lift-out will be published in The Australian every Thursday and complemented with digital content on both of the brands’ websites. The national commercial and rural property offering aims to become the go-to destination for investors and key decision makers as it profiles, not only the…
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BTW
Leading realtor Kim Jones joins Kollosche in Byron Bay
Kollosche welcomes leading Sydney agent Kim Jones to the Byron Bay team as they expand their presence on the NSW Northern Rivers and Tweed Coast. The Announcement: Leading real estate figure Kim Jones joins Kollosche in a move that’s set to unleash a fresh wave of energy and experience at the top end of Byron Bay’s booming property market. Kim…
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BTW
Real estate runs in the family
Ray White Kiprovski Group business owner Jason Kiprovski’s family has been in real estate for three generations. The Announcement: Ray White prides itself on being family-run, which makes the new Ray White Kiprovski Group business owner Jason Kiprovski a perfect fit for the fourth generation agency. Born and bred in Ryde, Mr Kiprovski knew from a young age that he wanted…
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Real Estate News
Cheaper to buy than rent more than a third of Australian properties
CoreLogic analysis has suggested servicing a mortgage is now cheaper than paying rent on 36.3 per cent of Australian properties. That is 2.3 per cent higher than before coronavirus hit Australia. CoreLogic reported in February last year that mortgages were cheaper than renting for 33.9 per cent of properties. The analysis was undertaken at the individual property level, using a…
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INTERNATIONAL
Millennial first-home buyers should expect to pay US$30,000 for repairs
With American millennial buyers taking advantage of record low mortgage rates and jumping into home ownership, there are plenty of unexpected projects to get their first home move-in ready. According to the new Zillow and Thumbtack survey of 1000 home buyers, the average millennial expected to pay between US$10,000 and US$15,000 to make a home move-in ready. In reality, the data shows new home owners should…
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Celebrity Homes
Brian White’s family home in Brisbane sells for $10 million
The family of real estate giant Ray White have sold their Brisbane home prior to auction. Located in the illustrious suburb Ascot, the classic federation home sold after less than three weeks on the market. Ray White agency reported there was a ‘bidding war’ between four buyers last week, all vying to buy the estate. Local Ray White principals Matt…
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FRANCHISE NEWS
Vendor confidence up with appraisals rising 34 per cent
After a booming 12 months for Australian real estate, vendor confidence across the continent remains robust, according to Raine & Horne. Raine & Horne released new data that indicates property appraisals are about 34 per cent higher than winter 2020 and almost 44 per cent stronger than the same time in 2019. According to CoreLogic, national home values rose 13.5…
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NSW Real Estate News
Property Council of Australia welcomes NSW support packages worth $9 billion
The Property Council of Australia has welcomed state and federal business support packages for New South Wales (NSW) announced this week.
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INDUSTRY NEWS
Australians’ savings drop as more struggle to pay rent
Australians’ saving levels have fallen to their lowest level since March 2020, according to new research by Finder. Finder’s Consumer Sentiment Tracker (CST) survey revealed more Australians are struggling to pay rent as Sydney’s lockdown lingers, with cash savings seeing a sharp decline. Each quarter, Finder analyses its most recent data to uncover the trends underpinning the financial, mental and physical…
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Real Estate Agent Events
Rex readies to go live with its first ever pop-up event
Rex Software is set to take a leap into the world of live events, with their first Rexfest LIVE to be held on July 23 at their extended office in Teneriffe, Brisbane. The pop-up RexFest event will focus on practical advice on automation to drive prospecting and nurturing, with insights into what a panel of automation superheroes are doing to…
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BTW
Familiar faces partner with Ray White in Sunbury
Ray White welcomes Sunbury agents John Saurini, Aaron Hill and Marin Durkovic as they make the move into business ownership. The Announcement: A collective of local real estate experts with a combined 60 years experience have opened a brand new office in historical Sunbury, on the north-west outskirts of Melbourne, in partnership with Australia’s leading real estate brand. John Saurini,…
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Real Estate News
New Zealand’s mortgaged investors see fall in share of property purchases
Over the past three months, New Zealand‘s mortgaged investors have seen their share of property purchases fall, while the number of first-home buyers (FHBs) bought at increased rates. CoreLogic New Zealand (NZ) Chief Property Economist Kelvin Davidson said these patterns were more due to the 40 per cent deposit mortgaged investors need, rather than the March tax changes. The June…
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WA Real Estate News
First home buyers fuel sales volume surge in Perth’s more affordable suburbs
Ridgewood, Madora Bay and Two Rocks are amongst the 10 Perth suburbs that have seen the biggest percentage increase in sales activity during the 2020-21 financial year. Real Estate Institute of Western Australia (REIWA) President Damian Collins said six of the 10 suburbs had more than doubled their sales tally in the 2020-21 financial year, compared to the 2019-20 financial…
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BTW
Atlas Advisors Australia takes major stake in Hunter Valley Zoo
Wealth manager Atlas Advisors Australia has taken a joint stake in key domestic tourism asset, Hunter Valley Zoo at Nulkaba, NSW
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BTW
LJ Hooker Commercial Sydney and North Sydney to merge with commercial property agency group Stanton Hillier Parker
LJ Hooker Commercial Sydney and North Sydney has announces they will merge with Stanton Hillier Parker agency. The Announcement: LJ Hooker Commercial Sydney and North Sydney will merge with commercial property agency Stanton Hillier Parker and will rebrand, effective from this month. Headed up by Managing Director, James Griffith and Senior Directors, Steven Kruyer and Shane Wall; the merger represents…
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Elite Agent TV
Amazon announces Luxe Listings Sydney season two is in production
Amazon Prime Video’s hit show Luxe Listings Sydney is currently in production for season two. The Amazon Prime Video exclusive’s second season will see the return of the Luxe Listings Sydney’s dynamic trio – Gavin Rubinstein, D’Leanne Lewis and Simon Cohen – and is set to provide fans with even more of the glamour, drama and stunning properties. The first season of Luxe Listings Sydney has…
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National
Highest rate of dwelling value growth since 2004
CoreLogic data has revealed Australian dwelling values saw the highest annual growth rate since 2004. The latest CoreLogic housing market data found Australian dwelling values rose 13.5 per cent in the 2020-21 financial year, which was the highest annual growth rate in 17 years. Regional New South Wales saw dwelling value changes for the financial year increase by 21.1 per…
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SUPPLIER NEWS
‘Inaction Figure’ campaign takes aim at traditional home loan lending industry
With 75 per cent of Australians frustrated with the traditional home loan process, Australian fin-tech Nano has launched the world’s first ‘Inaction Figure’ to take aim at the lending industry. The ‘Inaction Figure’ symbolises the frustrations Australians experience with traditional lenders when it comes to home ownership and refinancing. Some of the most significant frustrations include confusing jargon (72 per cent), too…
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SUPPLIER NEWS
Property managers urged to stand up against domestic violence
The Real Estate Institute of Australia (REIA) is asking property managers to help them stand up against domestic violence by filling out a short three-question survey by 26 July, 2021.
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BTW
Millthorpe’s oldest pub, the Commercial Hotel, hits the market
A slice of regional New South Wales history is up for grabs, as Millthorpe's oldest pub, the Commercial Hotel, hits the market.
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BTW
Belle Property opens in Sandgate with award-winning duo at the helm
Belle Property has continued their Brisbane expansion, with the opening of a new Sandgate office.
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