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Elite Agent
Auction volumes up 44 per cent over December quarter
CoreLogic’s auction market review for the December quarter 2020 saw the combined capital city clearance rate continue to strengthen, while auction volumes increased by 44 per cent over the same period.
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Elite Agent
Infamous former address of Marilyn Monroe sells
On the market since 2017, priced at $180 million then reduced to $115 million, the historic celebrity-magnet Owlwood mansion, the crown jewel of L.A.’s Holmby Hills, has sold for $88 million. Completed in 1936, few Los Angeles mansions have its stature, rolling grounds or have been the center of so much…
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Elite Agent
A call to end stamp duty as Queensland’s rental shortage worsens
As Queensland's residential property market continues its upward trajectory into the New Year, the Real Estate Institute of Queensland's (REIQ) is calling for the Palaszczuk Government to consider abolishing stamp duty.
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Elite Agent
Lifting lockdown leads to record Victorian house prices: REIV
The median house price in Victoria has recorded its largest increase since 2000, according to data from Real Estate Institute of Victoria's quarterly December report. For the first time, Metropolitan houses in Melbourne surpassed a median value of $900,000, jumping by 9.5 per cent from the September quarter to land…
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Elite Agent
Hobart and regional Victorian homes lead the nation in profit-making sales
Hobart had the highest rate of profit-making re-sales of all capital cities over the September quarter, according to the most recent data from CoreLogic.
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Elite Agent
Owner occupier resurgence offers a positive outlook for 2021
The total value of new loan commitments for housing and the value of owner occupier home loan commitments both reached record highs in November 2020, according to the latest Australian Bureau of Statistics (ABS) figures released today. The total value of new loan commitments for housing rose 5.6 per cent…
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Real Estate News
Hemsworth brothers’ Malibu mansion sells for US$4.9 million
A Malibu home that was owned jointly by Luke, Liam and Chris Hemsworth just sold for $4.9 million. The brothers purchased the property in 2016 for $3.45 million. Luke 40, Chris 37 and Liam 30 have had stellar careers in film and television since Luke began acting in an Australian soap opera in 2001,…
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Elite Agent
How would you market this ’60s party mansion?
The former party mansion of mafia girlfriend and America's sweetheart, Phyllis McGuire is on the market, complete with its own replica Eiffel Tower.
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Elite Agent
Housing market ready to be put to test in 2021
Australia's housing market recorded respectable growth over 2020 and with limited stock and strong demand, plus the possibility of an August election, 2021 should see further price increases, according to REIA President Adrian Kelly.
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Elite Agent
Gold Coast development shows no signs of slowing
The Gold Coast off the plan property market is continuing its stunning run into January, with the city’s major development companies and agencies reporting robust sales activities across a broad spectrum of the market.
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Elite Agent
Smashed avo to porridge at home: Young Australians are saving for home ownership
The coronavirus pandemic has accelerated the desire for homeownership in young people, according to Mortgage Choice research.
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Real Estate News
Fresh faces open Ray White Indooroopilly
DYNAMIC real estate duo Kirrilli Cobley (pictured right) and Jessica King (pictured left) are set to bring new energy to the Indooroopilly market with the launch of their Ray White franchise. Combined, the pair have more than 25 years of experience in the real estate industry, most recently as Corporate…
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Real Estate News
Record numbers of Aussies say now is a good time to buy
Optimistic home buying sentiment has reached a pre-pandemic high in Australia according to new research from Finder.
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Real Estate News
Domain announces partnership with Fintech to provide VPA for sellers
Enterprise payments fintech, Limepay, has been selected by Domain Group to jointly deliver a bespoke buy now play later product called “MarketNow” with Australia’s leading property marketplace, Domain (ASX:DHG). MarketNow is a secure online payment gateway that allows real estate agencies to collect the total marketing costs from owners upfront when selling their…
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Real Estate News
Momentum in Australia’s property market continues to build: CoreLogic
Core Logic's December data points to a strong 2021, with
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Real Estate News
Property boom predicted for 2021
Five out of 8 Australian capital cities are likely to produce double-digit house price growth in the 2021 calendar year while forty (40) or more non-capital city locations will crack 20 percent capital growth over this 12-month block according to Propertyology’s Simon Pressley. Pressley says the history books will show that an Australian property boom commenced in Q3 2019 and,…
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Elite Agent
Robo-pets: A new breed of fur baby
If having a pet just isn't practical for your lifestyle, could a robotic companion be the next best thing? For many reasons, a pet might not be suitable for your living situation. But that doesn't mean you need to miss out on the love and affection of a four-legged friend.…
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Elite Agent
Elders donates $3000 in grants to local charities
Two Elders Real Estate agencies have been successful in obtaining Advantage Community Grants from realestate.com.au.
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Elite Agent
Forbes launches prestige property portal
They are famous for publishing lists of the world’s richest people, now Forbes have launched their own prestige property portal.
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Elite Agent
America’s most expensive home is going to auction
America’s most expensive home is set to go to auction. Currently listed at $160 million, the property is insulated on 10 acres in Beverly Park.
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Elite Agent
Best of the Best Report shows 2020’s biggest property market winners
CoreLogic’s Best of the Best 2020 Report reveals Australia’s $7.2 trillion residential real estate market proved remarkably resilient.
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Real Estate News
A California mansion so nice, Wayne Gretzky bought it twice
Hockey’s greatest superstar, Wayne Gretzky, has listed his Thousand Oaks home for $22.9 million. Wayne and his wife, Janet, worked with architect-to-the-stars Richard Landry to design the home in 2002. After selling it to former baseball-star-turned-financial-advisor Lenny Dykstra in 2007, who trashed it after filing bankruptcy, the Gretzkys repurchased it in 2018 for…
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Real Estate News
Virtual real estate brokerage eXp celebrates growth milestone
eXp World Holdings have announced the company has exceeded 40,000 agents globally. This represents a year-over-year increase of 60 per cent when compared to 25,000 agents at this same time last year. Publicly traded eXp World Holdings and its global brokerage, eXp Realty, has been pursuing an aggressive growth strategy around the world with a presence in the United States,…
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Elite Agent
US platform Realtor.com acquires platform to help DIY landlords
Move Inc has announced the acquisition of Chicago-based Avail - a platform that improves the renting experience for do-it-yourself landlords and tenants.
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Real Estate News
OFT approves new training requirements for Queensland real estate agents
The Office of Fair Trading (OFT) in Queensland has approved new training requirements for people wanting to enter the real estate industry. The new training, as part of initial licensing requirements, follows an independent review of the national property services training package. Before approving the new training, the OFT consulted on its potential impact with a range of industry bodies…
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Credit card debt lowest in years: RateCity
In the past year, Australians have wiped $7.80 billion in debt and taken the scissors to almost one million credit card accounts. However, the rate at which Australians are paying off debt and closing cards has slowed in October. Also, people gave their credit cards more of a workout in…
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Real Estate News
Sydney and Melbourne set for high capital growth in 2021
Pete Wargent, COO of property buyer's agent platform BuyersBuyers.com.au, says that the housing market landscape has shifted quickly over the past three months, with prices now rising across the capital cities and buyer sentiment surging. Mr. Wargent of BuyersBuyers.com.au said 'enquiry has picked up strongly over the past six weeks,…
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Real Estate News
Work from home trend to continue to impact real estate in 2021: LJ Hooker
A recent survey conducted by LJ Hooker found that prior to COVID, 79 per cent of people worked at their place of work and 21 per cent from home. This shifted over the course of the year, with 38 per cent of people currently working from home. Furthermore, only 64 per cent say they will be returning to their place…
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Elite Agent
2 in 3 Aussies better off due to restrictions and govt stimulus
A recent survey from Money.com.au reveals two in three Australians have accumulated more money in their hip pocket this year, as a result of reduced spending, government stimulus, and loan repayment deferrals. The survey of 1013 consumers asked respondents questions about their earnings between April and October this year compared with the same period last year – taking into account…
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Real Estate News
‘Building Stronger Homes’ to make Aussie buildings more fire resilient
The Master Builders Australia and the Insurance Council of Australia brought together a number of peak construction industry bodies, insurance professionals, financial, scientific and economic experts for today's Building Stronger Homes Roundtable. According to the Australian Institute of Architects, this was "an important initial conversation among industry leaders following the…
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Elite Agent
Sydney’s prestige property market to soar in 2021: Knight Frank
Sydney’s prestige residential price growth forecast higher than global average: Knight Frank has released its Prime Global Forecast 2021, in which analysts have provided their prime price forecasts for 22 cities around the globe in 2021, as well as assessing future market drivers and risks • Sydney’s prime residential market…
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Elite Agent
Market update: Which regional areas are on the rise?
The CoreLogic Regional Market Update, which looks at capital growth over the 12 months to October in Australia's 25 largest non-capital city markets, saw Tasmania's Launceston & North East region remain the top performer for houses for the third consecutive quarter (10.5 per cent). However, the thriving Tassie region lost…
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Real Estate News
REINZ Awards for Excellence: the winners
The 2020 REINZ Awards for Excellence were held last night at Cordis Auckland, with more than 550 attendees from across the country coming together to celebrate the New Zealand real estate industry’s night of nights. Unlike a lot of their Aussie counterparts, the New Zealand industry was lucky enough to be able to hold their awards in person. Across the…
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Real Estate News
Payments have resumed for most deferred home loans
“This is an encouraging sign that most Australians are through the worst”, said Australian Banking Association CEO, Anna Bligh.
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INDUSTRY NEWS
Success magazine bought by eXp World Holdings
Leading business magazine Success and all related media properties have been bought by eXp World Holdings.
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