INTERNATIONAL
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Four Australian cities among the world’s wealthiest
Sydney has been named one of the world’s wealthiest cities, with 147,000 millionaires calling the Harbour City home.
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Matt Damon scoops up $8.6 million condo in West Hollywood
West Hollywood's prestigious residential market has just welcomed another A-list resident into its fold with Matt Damon acquiring a fourth-floor gem at the illustrious 8899 Beverly building.
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Generative AI to propel global data centre market growth
The rise of generative AI is set to transform the data centre market, making it one of the asset classes investors should keep an eye on.
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Step into the future aboard the $3 billion underwater superyacht Migaloo M5
The ultra-wealthy won't just be able to live in luxurious homes on land, they'll also have the option of diving below the surface of the ocean with the launch of the groundbreaking M5 superyacht.
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Meet the new Atlas: stronger, swifter and fully electric
Just a day after Boston Dynamic’s humanoid robot, Atlas, was retired, its new and very definitely improved sibling is generating significant attention.
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How agents can win after the NAR commission case
It’s the “educated agent” that’s likely to succeed in a post-NAR commission landscape that the US real estate industry is facing according to experts.
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Spanish Government to cease ‘golden visa’ scheme for property investment
The Spanish government has initiated the process to discontinue the controversial "golden visa" scheme, which has offered foreign investors a fast track to residency since 2013.
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Number of ‘million-dollar cities’ hits a new record in the US
The number of US cities where the typical home value exceeds $1 million has reached a record 550, according to new figures.
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Buyers pay more for decked out backyards
Buyers are prepared to pay more for homes with backyards decked out with the latest ‘on trend’ features, according to new research from Zillow.
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Canadian landlords call for “automatic eviction” rights
Landlords in Ontario, Canada, have launched an online petition calling for the “automatic eviction” for tenants who don’t pay rent.
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Compass settles commissions law suit
Compass has agreed to a US$57.5 million settlement to resolve class-action lawsuits alleging the company, along with other brokerages and trade groups, engaged in anticompetitive practices to inflate agent fees.
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Australia one of the world’s happiest countries
Australia has been named the 10th happiest country in the world, according to the World Happiness Report 2024.
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Sydney ranks fourth in global super-prime property sales surge
Sydney’s super-prime residential property market is proving buoyant, with the city coming in fourth on the latest Knight Frank rankings for that market sector. According to the Global Super-Prime Intelligence Q4 report, the NSW capital city recorded 42 sales in the super-prime market in the final three months of 2023. The super-prime market comprises residential sales above US$10 million and…
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NAR agrees to $418 million settlement in US commission case
The National Association of Realtors (NAR) has agreed to a US$418 million legal agreement that could see agent commissions in the US slashed.
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Buyers given chance to assess a home’s climate risk on property portal
A major US property portal has given buyers the ability to assess prospective property purchases according to how at risk they are for fire, flood and from extreme heat, air quality and wind.
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REIA to represent Australia at climate forum in Paris
The Real Estate Institute of Australia (REIA) is sending a representative to the upcoming Buildings and Climate Global Forum in Paris.
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Perth, Gold Coast the strongest luxury markets in 2023
Despite higher interest rates weighing on some property markets, luxury residential property in Australia has remained resilient, especially in Perth and on the Gold Coast, according to a new report.
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Duchy development: Prince William’s plan to end UK homelessness
Prince William will build 24 homes in the Duchy of Cornwall as part of a commitment to eradicate homelessness in the United Kingdom.
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RE/MAX Australia unaffected by US leadership shuffle
RE/MAX LLC President and Chief Executive Officer Nick Bailey has been replaced as head of the franchisor in the US, but the move will not impact the Australian arm of the international network.
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Forget about making zillions, Zillow posted a net loss for 2023
A fourth quarter surge in revenue hasn’t stopped US listings platform Zillow from posting a calendar year loss of US$158 million in 2023.
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Home sweet heart: buyers find love after moving
More than 40 per cent of recent home buyers haven’t just purchased bricks and mortar, but found love after buying their new abode.
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The Florida compound set to break records
A stunning compound in Naples, Florida, the features three homes has been listed for sale at an astounding US$295 million.
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WeWork founder Adam Neumann looking to buy the company back
Five years after being ousted from WeWork, founder and former CEO Adam Neumann is looking to buy back the shared office provider.
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Homes.com to launch $1 billion marketing campaign at the Super Bowl
When the Super Bowl kicks off at 10.30am on Monday, February 12, eyes won’t just be on the Kansas City Chiefs and the San Francisco 49ers, but the epic homes.com real estate ads.
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You can now order your own ‘foldable’ home from Amazon
If you’ve been looking for an affordable home, the good news is that Amazon can now deliver a foldable home to your door for just $53,100.
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Zillow launch their new 3D tour experience on Apple Vision Pro
US property platform Zillow, has launched Zillow Immerse in the Apple Vision Pro app story, providing buyers with groundbreaking virtual walkthroughs and interactive 3D floor plans.
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What the Apple Vision Pro means for real estate
The Apple Vision Pro has the potential to change the way Australians view properties and drive engagement and inspections for agents.
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3 strategies Ekland Gomes used to sell $3.77 billion in property
Last year was a challenging one for many agents in the US real estate market.
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Chinese property giant Evergrande ordered to liquidate
A Hong Kong court has ordered the world’s most indebted property developer, China’s Evergrande Group, to liquidate, following its failure to negotiate a restructuring agreement with creditors.
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US commission lawsuit takes aim at 35 agencies and industry groups
A major commission lawsuit has been filed in California that names more than 35 defendants, including the National Association of Realtors (NAR), alleging they violated federal and state antitrust laws by conspiring to inflate broker commissions.
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Developers struggle to sell off the Paris Olympic Village
Developers building the Paris Olympic Village are struggling to sell the apartments once the Games are finished, due to France's property market downturn.
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Zillow’s new feature helps renters build credit history
US real estate platform Zillow will introduce credit-building payment reporting so tenants who pay their rent on time can build a credit history and access broader financial opportunities.
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Is Adam Neumann’s apartment venture already struggling for money?
Adam Neumann's new apartment venture, Flow, looks to have encountered financial difficulties with its earliest acquisitions.
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Temporary buyer window opens in slowing Sydney luxury market
Price growth in Sydney’s luxury property market is starting to slow down opening up a ‘temporary window’ to buy according to an expert.
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NAR president Tracy Kasper resigns in shock move
The turmoil at the top at the National Association of Realtors (NAR) has continued with president Tracy Kasper resigning just two months after Chief Executive Officer Bob Goldberg brought forward his retirement.
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