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INDUSTRY NEWS
Voters worry young people won’t be able to buy a home
Nearly three quarters of voters fear young Australians will never be able to afford a home according to new research.
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INDUSTRY NEWS
Homebuyers cautious of potential natural disasters when moving to regions
Three-quarters of Australians would consider moving to a large regional centre under the right circumstances but are wary of the risk of extreme weather events, according to new research.
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INDUSTRY NEWS
The Sydney suburb that is Australia’s tightest housing market
North Sydney is the most undersupplied market in Australia with ‘extraordinarily low’ inventory levels making life tough for buyers according to new analysis.
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INDUSTRY NEWS
Young Aussies stuck living at home longer
The rising cost of housing around the country is forcing young Australians to stay at home longer with 25 per cent of millennials still stuck with their parents after turning 30.
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INDUSTRY NEWS
First home buyers forced to save for 11 extra months to afford a home
Average couples are now forced to spend 11 additional months saving for a deposit to afford an entry-level house compared to the same time last year according to new research.
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Celebrity Homes
Adam Levine lists his mansion for $57.5 million
After recently stating they would never sell, Adam Levine and his supermodel wife Behati Prinsloo have listed their luxury LA compound for US$57.5 million. According to The Dirt, the couple purchased the three acre ranch-style estate from Ben Affleck and Jenifer Garner and have listed the property for US$25 million more than they paid for it. The rocker and his…
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INDUSTRY NEWS
Sydney second to Hong Kong as world’s least affordable property market
Sydney has been named the second most unaffordable housing market in the world according to new research.
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INDUSTRY NEWS
Investors should look to capitalise on rising listings
Buyers should look to capitalise on slowing market conditions and take a long-term approach to investing according to a leading buyers agent.
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INDUSTRY NEWS
One in four NSW and QLD residents not insured for extreme weather
New data suggests 22 per cent of New South Wales and Queensland residents are uninsured against extreme weather events such as floods, bushfires, or storms.
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INDUSTRY NEWS
‘Uncertainty’ remains in national office markets: HTW
Despite Covid restrictions slowly easing around the country, it will take some time before businesses and employees return to the CBD amid ongoing “uncertainty” according to the latest Herron Todd White Month in Review.
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INDUSTRY NEWS
HSBC buys virtual real estate in the metaverse
Leading international bank HSBC has purchased virtual land in The Sandbox metaverse, joining more than 200 companies that have taken up virtual real estate. The groundbreaking partnership between The Sandbox and HSBC will see the financial services provider acquire land and virtual real estate, which will be developed to engage and connect with sports, esports and gaming enthusiasts. The partnership…
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INDUSTRY NEWS
Australia entering a GFC-style rental crisis
Australia is on the cusp of a GFC-style rental crisis with more pain ahead for renters according to a leading expert.
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INDUSTRY NEWS
REIWA calls for targeted stamp duty reform
REIWA is calling on the WA Government to introduce stamp duty reforms to help first home buyers and seniors, off-the-plan properties and small businesses.
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INDUSTRY NEWS
Rising property prices, low interest rates lead to record housing debt
Housing debt levels have hit a record high on the back of soaring property prices new data reveals.
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Elite Agent
Australia’s biggest and most unusual fears
If you don’t like hanging out in large crowds you’re not alone with new research finding two-thirds of people have an irrational fear of big gatherings.
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Celebrity Homes
Tony Montana’s mansion from Scarface lists for $55 million
The mansion made famous by cocaine kingpin Tony Montana in the hit film Scarface is on the market for $55 million.
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INDUSTRY NEWS
Australian residential property value nears $10 trillion
The total value of Australia’s 10.8 million residential properties has increased at record pace to nearly $10 trillion ($9901.6 billion) according to new data.
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WEIRD AND WONDERFUL
Coming clean: the most satisfying TikTok videos
If you’ve ever wanted to quickly clean up a carpet stain minutes before an open home then data from a new study on TikTok trends shows that you’re not alone.
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Celebrity Homes
Jonah Hill selling his Lower Manhattan loft for $11 million
Funnyman Jonah Hill is selling his Lower Manhattan loft for US$11 million having recently purchased a new home in Malibu.
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INDUSTRY NEWS
House prices grew at the fastest rate in 20 years
National house prices grew at 25.1 per cent in 2021, making it the fastest annual growth rate in 20 years, according to new data.
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Celebrity Homes
Kerry Washington’s former New York rental for sale
The luxury New York penthouse Scandal actress Kerry Washington used to rent has hit the market with the hefty price tag of US$25 million.
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INDUSTRY NEWS
Successive rate rises the biggest risk for homeowners
Successive interest rate increases from the RBA when they begin their tightening cycle could be the biggest issue for homeowners according to a leading expert.
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INDUSTRY NEWS
Australian house prices grow at the fastest rate in the world
Australia has taken top spot as the country with the highest rate of annual price growth in 2021.
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INDUSTRY NEWS
Property boom hasn’t helped owner-occupiers
Despite property prices rising at a rapid rate in the past two years, a leading economist said the house price boom hasn’t necessarily been a good thing for all owner-occupiers.
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Celebrity Homes
Elon Musk unloads his $130 million property portfolio
After declaring he would “own no house”, billionaire entrepreneur Elon Musk has made good on his promise and successfully unloaded his entire US$130 million property portfolio.
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INDUSTRY NEWS
The Australian suburbs facing a rental crisis
South Australia, NSW, and Tasmania contain the most suburbs desperate for more rental stock with many locations now seeing zero per cent vacancy rates, according to new research.
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FEATURE INTERVIEWS
Stefan Siciliano: Building a volume business
In just six years Stefan Siciliano has built his real estate career from selling 41 properties in his first year to being on track to do 180 settlements this year.
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INDUSTRY NEWS
More Aussies intend to buy a home
A boost in home-buying intentions and increased spending on transport post lockdown are behind an increase in the CommBank Household Spending Intentions (HSI) index.
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INDUSTRY NEWS
Perth’s median property price grows $325,000 in 20 years
The Perth property market has grown steadily over the last two decades with the median house price increasing by $325,000 in 20 years.
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INDUSTRY NEWS
NAB cuts its variable home loan interest rate
Tight competition between the big four banks has seen NAB cut its variable home loan interest rate by 0.1 per cent to 2.19 per cent, although the change is only for new owner-occupiers.
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INDUSTRY NEWS
Helping Indigenous tenants achieve a successful tenancy
The implementation of local Indigenous staff and creating connections with health and community services can help indigenous Australians have more successful tenancies, new research has found.
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INDUSTRY NEWS
Housing affordability stretching homeowners to the limit
It’s tougher than ever to afford a home with new data showing the proportion of income needed to pay off a mortgage has risen to 37 per cent.
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Real Estate News
Listings surge in busiest start to the year in almost a decade
Listing volumes across the country have surged, providing buyers relief from previously tight stock levels.
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COMMERCIAL
Office occupancy rates start to bounce back post-Omicron peak
After nearly two years of working from home, Australians are finally starting to head back to the office.
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INDUSTRY NEWS
Housing affordability stress ahead of the federal election
A social housing campaign group has called on the Federal Government to tackle Australia's growing affordable housing crisis, with a poll in the swing seat of Longman showing almost two-thirds of residents believe affording to buy or rent is excessively difficult.
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