Real Estate News
-
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.
Read More » -
The Block winners Mitch & Mark list luxurious beach home
TV renovation stars Mitch and Mark have listed their meticulously transformed home in Sydney's Northern Beaches, marking their first major project since winning The Block.
Read More » -
Andrew Friebe returns to Harcourts as Queensland CEO
Andrew Friebe has been appointed as the new CEO for Harcourts Queensland, returning to the brand after previously serving in senior roles within the organisation.
Read More » -
Nine in talks to sell Domain stake to US real estate giant
Media reports have suggested Nine Entertainment has entered negotiations to sell its controlling stake in Domain to US real estate conglomerate CoStar, with a potential price tag significantly higher than CoStar's initial offer.
Read More » -
Victoria leads Australia’s population growth as housing shortfall looms
New data from the Australian Bureau of Statistics (ABS) shows Australia’s population grew by 484,000 people (1.8%) in the year to September 2024, with Victoria leading the way, adding 147,000 new residents. Oliver Hume Chief Economist Matt Bell warns a housing shortfall will be a “tragedy” for low and middle-income households already struggling with affordability.
Read More » -
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.
Read More » -
Sonia Kruger sells Mosman mansion for nearly $20 Million
Gold Logie-winning TV presenter Sonia Kruger and her partner Craig McPherson have sold their stunning Mosman home for just under $20 million.
Read More » -
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.
Read More » -
LJ Hooker calls for urgent housing action ahead of Federal Budget
Australia’s housing crisis is in the spotlight as LJ Hooker urges the Federal Government to fast-track solutions to boost supply, ease affordability, and cut red tape.
Read More » -
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.
Read More » -
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.
Read More » -
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.
Read More » -
Rock icons and fine wine: Tallagandra Hill hits the market
A celebrity-favourite winery and events venue, which has hosted some of Australia’s biggest music legends, is now on the market.
Read More » -
Big wins for home sellers, but unit owners feel the pinch
Australian home sellers achieved record-breaking profits in the December 2024 quarter, with a median nominal gain of $306,000, according to CoreLogic's latest Pain & Gain report.
Read More » -
View Media Group’s view.resi solution delivered a 27% increase in Open For Inspection attendees
Following the launch of View Media Group’s view.resi solution in late 2024, VMG has released the results from its partnership with Place Estate Agents.
Read More » -
David Coombes opens third office in Boorowa
The market-leading team at Ray White Young and Ray White Harden in the South West Slopes region of New South Wales have officially opened the doors to the third office, Ray White Rural Boorowa.
Read More » -
Next step in business leads to alignment with RE/MAX
RE/MAX Australia has welcomed prominent business operators and community identities Jitendra and Sandy Deo to the network, as they rebrand their successful real estate business, DEO Realty, to RE/MAX Landmark.
Read More » -
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).
Read More » -
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.
Read More » -
Brisbane and Gold Coast property markets bounce back after Cyclone Alfred
Just a week after Cyclone Alfred disrupted open homes and auctions, Brisbane and the Gold Coast real estate markets have shown little sign of slowing down.
Read More » -
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).
Read More » -
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.
Read More » -
LJ Hooker Partners with Ailo to Boost Property Management Efficiency
Property managers at high profile LJ Hooker offices are reporting dramatically reduced administrative workloads, sub-1 per cent arrears rates, and happier clients after the real estate group’s new partnership with property management platform Ailo. The partnership, announced today, aims to help LJ Hooker’s franchise network enhance customer service while creating new business opportunities through the all-in-one platform that manages payments,…
Read More » -
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.
Read More » -
Five years on: COVID-19’s lasting impact on Australia’s housing market
Five years after COVID-19 was declared a global pandemic, its influence on Australia’s housing market remains strong, with national home values rising 38.4% since March 2020.
Read More » -
Direct Connect adds novated leases to service list in exciting partnership with Oly
Direct Connect prides itself on the quality of our connections. Our service partners are highly regarded in their respective industries, including energy, removals, cleaning, broadband and telecommunications - and now, novated leases!
Read More » -
Barry Plant’s International Women’s Day Lunch Spotlights Important Conversations
International Women’s Day is a time to listen to, learn from, and celebrate women.
Read More » -
High-performing local agent to open Ray White Pyes Pa
Ray White real estate expert Kale Kirk has made a significant mark on the industry after starting his career in 2019.
Read More » -
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.
Read More » -
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.
Read More » -
Ray White Queensland teams up with Netball Queensland / Queensland Firebirds
Ray White Queensland today announced an exciting new partnership with Netball Queensland and the Queensland Firebirds.
Read More » -
Elders Lifestyle Group Announces Rebrand of 21 Offices Across NSW
Elders Lifestyle Group, a trusted name in property services, is excited to announce the rebranding of its 21 offices, spanning from Forster to Brunswick Heads, effective 1 March 2025 - with the business now branded “Lifestyle.”
Read More » -
Experienced trio take the helm of Ray White Drouin
Ray White Drouin is proud to announce a new chapter in its history, as long-standing team members Dale Atkin, Libby Talbot, and Felicity Bryant assume ownership of the agency.
Read More » -
Could this happen to you? A $238K lesson in insurance protection
Working in real estate means juggling two equally important responsibilities - selling properties and running a business. That’s why many real estate agents turn to insurance to help protect themselves from potential risks.
Read More » -
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.
Read More »