INTERNATIONAL
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US sellers optimistic about housing market despite high interest rates
Most homeowners looking to sell their properties this year are confident they will get their asking price or more, despite challenging market conditions.
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US real estate agents urged to diversify as TikTok faces uncertain future
TikTok has received a 75-day extension to comply with US regulations requiring the platform to either sell its operations or face a nationwide ban, creating uncertainty for real estate professionals who rely on the platform for marketing.
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Overseas demand for UK property hits record low
The number of international buyers registering to purchase residential property in the UK has fallen to its lowest level since records began, with new figures pointing to tax changes and shifting political dynamics as key deterrents.
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US warehouse sector faces pressure amid trade tensions
Trade war concerns are sending shockwaves through the warehouse and logistics real estate sector in the US, with major players seeing significant stock declines in recent months.
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Sardinian seafront villa sells for more than €160 million in record-breaking deal
A seafront estate on Sardinia’s exclusive Costa Smeralda has sold for more than €160 million (AUD $267 million), setting a new record for the most expensive residential sale in Italy.
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Tariffs, trade and turmoil: how global uncertainty could shake up Australia’s housing market
A trade war might be unfolding on the other side of the globe, but its impact is hitting closer to home. Domain research unpacks how tensions between major global economies are sending ripple effects through Australia’s property landscape.
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Scarlett Johansson and Colin Jost snap up “bargain” Upper East Side penthouse for US$13M
Hollywood actress Scarlett Johansson and comedian Colin Jost have secured a prime piece of New York real estate, buying a grand triplex penthouse at 1220 Park Avenue for US$13 million (AUD $19.7 million).
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Ireland’s global pitch to solve its housing crisis
Ireland made its first official pitch at MIPIM, Europe’s biggest real estate trade show, aiming to attract international capital to help close a €20.4 billion annual housing funding gap.
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Andy Warhol’s former NY townhouse selling for $10.6 Million
A rare piece of pop art history has hit the market, with Andy Warhol’s former Manhattan townhouse listed for $6.95 million (approx. AUD $10.6 million).
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Kanye West’s former Malibu mansion listed for US$39 million
A beachfront Malibu property once gutted by rapper Kanye West has returned to the market with a US$39 million price tag while still undergoing extensive renovations.
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Extell secures final Fifth Avenue lot for $265M AUD, plans $1.5B tower with Manhattan’s first IKEA
After a decade of strategic acquisitions, real estate heavyweight Extell Development Company has finalised its long-anticipated deal for the final parcel at 576 Fifth Avenue, securing full control of the entire block between West 46th and 47th Streets in Midtown Manhattan.
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Norway’s oil fund buys 25% stake in London’s Covent Garden for £570 Million
Norway’s sovereign wealth fund, the world’s largest at US$1.8 trillion, has acquired a 25 per cent stake in London’s Covent Garden for £570 million, continuing its expansion into some of the city’s most prestigious real estate.
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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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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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Dar Global invests AUD$613 million in Saudi Arabia’s residential market
Luxury real estate developer Dar Global has made a significant move in Saudi Arabia’s booming property market, investing €358 million (AUD $613 million) to acquire two residential-led development sites in Jeddah and Riyadh.
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New York’s Woolworth mansion drops price to just under US$50 Million
A landmark Upper East Side townhouse, known as the Woolworth Mansion, has seen its asking price slashed by nearly $10 million, now listed for just under $50 million (AUD $76 million).
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Trump’s tariffs push up construction costs for US developers
Real estate developers across the US are facing rising costs as President Donald Trump’s latest tariffs increase prices on key building materials, including steel, aluminum, copper, and tiling.
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Ellen DeGeneres lists one of her last US homes following UK move
Ellen DeGeneres is continuing to shed her US real estate portfolio, putting one of her last remaining Californian properties on the market for $5 million (approx. $7.6 million AUD).
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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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Rental prices drop in Auckland and Wellington, offering relief for renters
New data from realestate.co.nz shows that rental prices have dropped in two of New Zealand’s largest cities, with Wellington seeing the biggest decline.
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Dubai’s real estate boom reshapes the Gulf’s luxury market
Dubai’s property market continues its rapid expansion, with residential sales reaching AED 120 billion ($32.7 billion) in the third quarter of 2024, driven by an influx of high-net-worth buyers.
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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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Step inside Keira Knightley’s ‘Black Doves’ home
The grand Victorian villa that served as Keira Knightley’s on-screen home in the Netflix spy thriller Black Doves is now on the market for £5 million (AUD $9.7 million).
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Rocket Companies to acquire Redfin in US$2.4 billion deal
Redfin has announced that it will be acquired by Rocket Companies in an all-stock transaction valued at $2.4 billion, marking a significant shift in the real estate and mortgage industries.
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Hartford leads America’s hottest housing markets as buyers pay over asking
Hartford, Connecticut, has been named the hottest housing market in the U.S. for February, according to the latest Realtor.com report.
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Homes listed in late May sell for $5,600 more, says Zillow
A new Zillow analysis has found that timing is everything when selling a home. In the U.S, homes listed in the last two weeks of May in 2024 sold for an average of 1.6% more, translating to an extra $5,600 on a typical U.S. home
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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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Coalition announces FIRB overhaul
A Dutton Government has pledged to establish a taskforce to reform the Foreign Investment Review Board (FIRB), Shadow Treasurer Angus Taylor has announced.
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Spain’s Foreign Buyer Tax sparks concerns cross Europe
Spain’s proposed 100% property tax on non-EU buyers has triggered fears that other European nations, including France, Greece, and Portugal, could implement similar measures to address housing affordability and over-tourism.
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Douglas Elliman opens new California office
Douglas Elliman, one of the largest independent residential real estate brokerages in the United States, today announces its new San Diego office in the heart of charming Del Mar Village.
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Keller Williams partners with Stone Point Capital, appoints Christopher Czarnecki as CEO
Keller Williams Realty, the world’s largest real estate franchise by agent count, has announced a strategic partnership with Stone Point Capital LLC, a leading investment firm specialising in real estate and financial services.
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Halsey lists historic Los Feliz home for US$5.5 million
Halsey has put her Spanish Colonial Revival estate in Los Feliz on the market for $5.5 million (AUD $8,625,232).
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Five years on: how the pandemic transformed home buying in the US
Five years after the onset of the COVID pandemic, the US housing market looks significantly different. Home values have soared, virtual home touring has become mainstream, and buyer preferences have shifted, according to new data from Zillow.
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Former Mafia Boss Paul Castellano’s Staten Island mansion is back on the market
A Staten Island mansion once owned by notorious mafia boss Paul Castellano has hit the market with a price tag of $18 million (AUD $27.5 million).
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Floyd Mayweather expands real estate empire with US$402 million Manhattan purchase
Floyd Mayweather has unveiled his latest and most expensive real estate investment yet, acquiring 62 buildings in Manhattan for a staggering $402 million (AUD $617 million).
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