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INDUSTRY NEWS
Lagging construction might mean rent will rise in the US
Declining multifamily construction permits could lead to higher rent prices in major metros despite recent rent decreases.
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INDUSTRY NEWS
Rate wars could see borrowers opt for longer fixed terms
New Zealand borrowers may soon shift away from short-term fixed mortgages as banks engage in "rate wars" offering lower 2-3 year fixed rates.
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INDUSTRY NEWS
REIV calls for tax reform to boost Victoria’s housing supply
The Real Estate Institute of Victoria (REIV) is urging the Victorian Government to implement property tax reforms to address the state's housing crisis ahead of the 2025-26 State Budget.
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INDUSTRY NEWS
Elections don’t actually impact the property market
Contrary to popular belief, Federal elections have little effect on Australia's property market, according to new research.
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INDUSTRY NEWS
Trillions in real estate at risk from natural disasters
Natural disasters are threatening trillions of dollars worth of residential real estate across the United States, with extreme wind, fire and flooding posing significant dangers to property values.
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FRANCHISE NEWS
Natalie Snooks: A family legacy in City Beach
For Natalie Snooks, real estate isn't just a career – it's a family tradition that spans multiple generations in Perth's prestigious City Beach area.
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Celebrity Homes
Priyanka Chopra Jonas sells Mumbai apartments for Rs 16.17 crore ($2.9 million)
Hollywood star Priyanka Chopra Jonas has sold four residential apartments in Mumbai's Andheri suburb for a total of Rs 16.17 crore ($2.9M), continuing her pattern of divesting Indian real estate holdings.
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INDUSTRY NEWS
Housing taxes now account for half the cost of a new home
Government taxes and charges on new housing have doubled in some Australian cities over the past five years, with new homebuyers now spending up to 15 years of their mortgage just paying off these costs.
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INDUSTRY NEWS
New homes require smaller mortgages in five states
Homebuyers in five Australian states are taking out smaller mortgages for new homes than for established properties, challenging the notion that new builds always come with premium price tags.
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INDUSTRY NEWS
Renovations add value, but not as much as you think
Homeowners considering renovations can expect to make back at least their costs, but several other factors impact the actual value added to properties.
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Celebrity Homes
Rob Lowe cuts the price of his Beverly Hills home again
Actor Rob Lowe has reduced the asking price of his Beverly Hills home to US$5.2 million, marking the second price cut for the property this year.
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INTERNATIONAL
US housing shortage reaches nearly 4 million homes
America is facing a critical housing shortage of 3.8 million homes, making homeownership increasingly unattainable for millions of Americans despite recent construction gains.
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INDUSTRY NEWS
High-end property markets signal broader recovery ahead
Australia's premium property markets are showing strong signs of recovery, potentially signaling a broader market turnaround according to recent data.
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INDUSTRY NEWS
Rental affordability hits record low across Australia
Rental affordability in Australia has deteriorated to its worst level since records began in 2008, with median-income households able to afford just over a third of available rentals.
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INDUSTRY NEWS
Sydney among world’s most expensive luxury property markets
Sydney has secured its position as one of the world's most expensive luxury property markets, ranking 11th globally according to a new report.
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Celebrity Homes
Selena Gomez and Benny Blanco purchase $35 million Beverly Hills estate
Selena Gomez and Benny Blanco have acquired a luxurious Spanish-style mansion in Beverly Hills for US$35 million, marking a significant milestone in their relationship.
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Movers and Shakers
Douglas Elliman opens new San Diego office in Del Mar Village
Douglas Elliman has established a new office in Del Mar Village, expanding its presence in San Diego County's luxury real estate market.
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INDUSTRY NEWS
Hope for housing affordability after RBA rate cut
Housing affordability in Australia might be at a record low, but the RBA rate cut suggests 2025 may bring welcome relief for both buyers and renters.
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Celebrity Homes
Former supermodel’s Beverly Hills villa hits market at US$26 million
A luxurious Italian-style villa in Beverly Hills owned by former supermodel Christina Estrada has been listed for sale at US$26 million.
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INDUSTRY NEWS
Regional migration trend started well before COVID
More Australians are moving from capital cities to regional areas in a long-term trend that began well before the COVID-19 pandemic, according to new research.
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INDUSTRY NEWS
New Zealand property values show signs of recovery
Property values in New Zealand have returned to growth, signaling the end of 2024's mini downturn and suggesting modest growth ahead for 2025.
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Celebrity Homes
Gene Simmons’ former Beverly Hills mansion gets another price cut
The Beverly Hills megamansion once owned by KISS front man Gene Simmons has received another price reduction, now listed at US$33 million after multiple cuts from its original US$48 million asking price.
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INDUSTRY NEWS
Queensland set to usher in the next wave of million-dollar suburbs
Queensland has emerged as the leading state in Australia's next wave of million-dollar suburbs, claiming four of the top 10 spots according to new research.
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Celebrity Homes
French billionaire lists $55 million mega-mansion on exclusive Fisher Island
A sprawling waterfront mansion on Miami's exclusive Fisher Island has hit the market for US$55 million, making it the most expensive and largest home available on the ultra-luxury enclave.
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Movers and Shakers
Regional offices shine at Raine & Horne Queensland State Awards
Raine & Horne Gladstone and Raine & Horne Commercial Brisbane North took top honours at the Queensland State Awards, while Jason and Jacqui Read of Raine & Horne Coomera/Pimpama received the prestigious Max Raine Award.
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Movers and Shakers
Greg Hocking joins Marshall White
Melbourne real estate legend Greg Hocking has joined leading luxury real estate agency Marshall White as a Sales Executive.
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FRANCHISE NEWS
Shanti Santhou joins The Agency on the Central Coast
The Agency has strengthened its Central Coast team with the appointment of experienced local agent Shanti Santhou, who brings extensive knowledge of the Bateau Bay market and surrounding areas.
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FRANCHISE NEWS
Caroline Turner: Building a family business in Warwick
Caroline Turner was initially hesitant to get into real estate after relocating from the UK 17 years ago, but it’s a decision that changed her life for the better.
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Celebrity Homes
A medieval castle hits the market in South Gippsland
A unique piece of architectural history has hit the market in South Gippsland, with "Versace Castle" listed for sale with a price guide of $1,400,000 to $1,475,000.
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FRANCHISE NEWS
Ray White generates nearly 10,000 appraisals in 17th call-a-thon
Ray White's 17th Real Estate of Origin call-a-thon has secured an impressive 9,568 property appraisals across Australasia in a single day, powered by the group's NurtureCloud technology platform.
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INDUSTRY NEWS
China leads foreign investment in Australian real estate
Foreign investment in Australian residential real estate continues to show strength with China leading the way in approved residential property purchases.
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FRANCHISE NEWS
Charles Callis joins Besser & Co
Respected agent Charles Callis has joined Besser and Co, bringing over a decade of industry experience to the agency.
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INDUSTRY NEWS
Victoria aims to become “townhouse capital” with planning reforms
Victoria is set to streamline the approval process for medium-density housing with Premier Jacinta Allan introducing a new "townhouse code" aimed at making the state Australia's townhouse capital.
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Celebrity Homes
Luxury Scottsdale mansion features ultimate Jordan sneaker collection
A spectacular Scottsdale mansion has hit the market for US$23.5 million, featuring an extraordinary museum-quality display of Michael Jordan sneakers that has attracted visits from numerous NBA stars.
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INDUSTRY NEWS
US real estate giant makes $2.7b bid for Domain
A major shake-up is underway in Australia's property portal landscape as US-based CoStar Group has launched a $2.7 billion takeover bid for Domain, Australia's second-largest real estate platform.
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