Real Estate News
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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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Sydney’s top-performing suburbs over the past year
Despite property prices trending lower across Sydney, there are still a number of suburbs that continue to perform strongly according to new analysis.
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“Tax grab” could see investors leave the Queensland market
The Queensland government’s “tax grab” could see residential property investors exit the market and put pressure on small businesses according to an expert.
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Melissa McCarthy buys Little Italy penthouse
Bridesmaids star Melissa McCarthy has purchased a Manhattan penthouse that was last listed for US$7.35 million.
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REIA: housing affordability drops further
Housing affordability has continued to drop with the proportion of income needed to meet mortgage and rent payments rising in the June quarter.
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Brisbane’s rental crisis putting vulnerable renters at risk
The rental crisis in Brisbane is leaving many vulnerable and low-income earners at risk of homelessness according to an expert.
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Big banks increase mortgage rates again
All four major banks have passed on the full 50 basis point interest rate increase, while once again savers have missed out.
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Oprah Sells $14 million Montecito estate to Jennifer Aniston
Oprah Winfrey is cashing out of Montecito, selling her large ocean and mountain view estate in two separate transactions for approximately US$17 million.
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Domain supports ‘Move to More’ campaign with Regional Australia Institute
Domain will partner with the Regional Australia Institute (RAI) in its ‘Move to More’ campaign, which aims to showcase all vibrant regional communities can offer those seeking a tree change. The national property platform will use its data-based regional property insights to highlight the opportunities and challenges that exist in the regional property market, including rising demand and housing supply…
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Fixed-rate mortgage bomb set to go off
Thousands of borrowers on fixed-interest home loans are facing an interest rate “cliff” and could be plunged into mortgage stress by the end of the year.
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$8 million double apartment sale in The Horizon breaks records
A double apartment in Sydney’s The Horizon tower has sold for a record-setting $8 million.
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Cloudstaff launches dedicated property division for the Australian market
Cloudstaff, the Australian-headquartered remote staffing platform, has announced the launch of a dedicated division to service the Australian real estate market.
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John Francis Daley and Corinne Kingsbury selling their luxury LA villa
Actor, writer and producer John Francis Daley and his writer wife Corinne Kingsbury are selling their luxury villa above LA’s Encino community for nearly US$6 million.
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Auction volumes increase with a bumper week tipped to come
Auction volumes inched higher this week as spring selling season hits its stride, with CoreLogic predicting next week could see the busiest auction week since June this year.
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