Real Estate News
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Trading up is getting easier in New Zealand
Upgrading your home is gradually getting easier across New Zealand, with new data showing the premium to trade-up is on the decline.
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Risky lending falls as tough APRA rules kick in
The value of risky mortgages continues to fall after tough new rules from the Australian Prudential Regulation Authority (APRA) start to take hold.
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A unique spring selling season on the horizon
Despite the arrival of the spring season, sales activity is expected to be a little different this year as mortgage rates, weak consumer sentiment and stretched household budgets begin to bite.
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Kim Kardashian relists her Calabasas condo
For the second time in three years, reality star Kim Kardashian has listed her bespoke Calabasas condo with the same asking price of US$3.5 million.
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MyHomeVault app puts property information in the palm of your hand
An Australian real estate app that stores property information in one secure place is now available on the Apple App and Google Play stores.
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Tech occupiers drive rapid growth in city fringe office market
Commercial investor activity on Sydney’s city fringe is tipped to hit record levels before the end of the year.
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Mortgage anxiety rises as the RBA continues to hike the cash rate
Rapidly rising mortgage rates could leave borrowers in serious financial trouble with new research finding two-thirds of homeowners may default as a result of the increased cash rate.
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Australia’s largest landowners buy NT cattle station for $70 million
Australia’s largest private landowners, pastoralists Donny and Colleen Costello, have expanded their cattle station empire to more than 9.2 million hectares, after acquiring Mount Doreen Station in the Northern Territory for $70 million.
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Season 3 of Luxe Listings Sydney promises to be the biggest and best yet
When Monika Tu was invited to join the inaugural season of the hit Amazon Prime TV show Luxe Listings Sydney she initially said no.
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Government flags incentives for pensioners to downsize
The Federal Government is seeking to address the issue of housing supply and affordability by giving pensioners more incentives to downsize.
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Nerida Conisbee: rent control isn’t the answer to the rental crisis
There are almost twice as many people under rental stress than those experiencing mortgage stress, with ‘stress’ defined as spending more than 30 per cent of household income on rental or mortgage payments. In the most recent Census of Population and Housing conducted in 2021, there were 915,000 households spending more than 30 per cent of their income on rental…
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Brighton penthouse smashes the suburb’s price record
A new designer penthouse in Melbourne has set a suburb price record by millions of dollars.
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Affordable suburbs you can invest in now across Australia
Despite the recent boom in property prices across the country, there are still plenty of affordable options in our major capital cities according to an expert.
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Inside the ‘Real Housewives ultimate girls trip’ Bahamas home
The Real Housewives are known for their life of luxury, however, during their recent girls' trip to the Bahamas, it was their US$30 million holiday home that grabbed all the attention.
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Cash rate rises for the fifth month in a row
The Reserve Bank of Australia (RBA) lifted the cash rate 50 basis points today and at the same time forewarned homeowners further increases were coming.
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CBA cuts variable rates again for new customers
The big banks continue to cut their variable rates for new customers, in a bid to win more business.
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“Rough” conditions for renters continue in August
Pressure on renters continued last month, with vacancy rates for apartments and houses at extremely low levels while asking rents kept rising.
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Overseas investors vying for Sydney’s Tech Central
Overseas investors are among the front runners vying for a slice of Sydney’s new big-ticket technology precincts.
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Mark Wahlberg Buys Las Vegas Villa
Movie star Mark Wahlberg hasn’t wasted any time in growing his Las Vegas property portfolio, picking up a new US$14.5 million bungalow.
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Queensland land tax will exacerbate the state’s rental crisis
The Real Estate Institute of Queensland has called on the State Government to repeal its “illogical” land tax regime or risk worsening the rental crisis and stymying investment in the state.
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Where are our most international suburbs?
The results of the 2021 Census have now been released and with it, a fascinating look at the diverse demographics of Australia. While most new arrivals to Australia come to Sydney first, it’s not then possible to easily find out where they decide to settle. The Census provides us with a deeper understanding into settlement patterns around the country. And…
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RBA has “little choice” but to hike rates in September
he Reserve Bank of Australia appears set to hike the official cash rate at the September meeting with consistently high inflation leaving them with “little choice”.
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Diddy sells his Toluca Lake mansion
Sean “Diddy” Combs has quietly sold a San Fernando Valley mansion he owned for US$6.5 million.
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Slight drop in auction volumes sees clearance rate rise
After rising over recent weeks, auction volumes dipped almost 10 per cent this week, with 1814 homes going under the hammer across the combined capitals.
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Victoria’s finest: luxury homes on the market right now
If you've got a bit of spare time this week, or just love to peruse the most luxurious homes on offer, then check out this list of high-end homes on the market right now.
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Perth property prices a mixed bag in August
Despite Perth property prices officially falling in August, 56 suburbs were able to buck the trend.
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Regional reversal taking place as people move back to the cities
After a record few years for regional property prices, values have started to decline as regional migration begins to stall.
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Miley Cyrus sells $14 million Nashville ranch
Singer, songwriter and actress Miley Cyrus has offloaded her Nashville Ranch for a massive profit after just five years.
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Housing loan commitments fall in July
The impact of consecutive interest rate rises has caused owner-occupiers and investors to shy away from the property sector, with the value of new loan commitments falling 8.5 per cent in July.
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The Agency expands Sydney footprint into Rosebery
The Agency today announced the expansion of its Sydney footprint with respected Rosebery agent Chris Skarlatos joining the team.
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Auctions surge as spring selling season gets underway
Auction activity is set to jump this weekend as the spring selling season sees a flurry of vendors looking to capitalise on record property prices.
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Kay & Burton bolsters leadership ranks with three senior appointments
Kay & Burton is celebrating the start of the spring selling season with a suite of new senior appointments.
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Explore Property embraces strengths at its “best Exploration Day yet”
The Explore Property network held its annual conference Exploration Day in Brisbane on August 25.
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Family bonds make a winning team at Hutton & Hutton
Maintaining boundaries between work and home life can be a challenge in a demanding environment like real estate.
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Perth property continues to grow in value in 2022
Perth has so far been able to buck the slowing property market in 2022, with 29 suburbs seeing double-digit growth.
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