Category Archives: International Property News

GOLD Coast homeowners have chalked up more than $490 million in profits in just three months.

Figures released today reveal nine out of ten sellers made a profit when they sold their property during the March quarter.

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The CoreLogic Pain and Gain March report revealed the median hold period on the Coast was eight years while the median profit was $116,000 — up $6000 over six months.

Last year, almost 16 per cent of Gold Coast homeowners were selling at a loss, but the latest report revealed that figure dropped to 9.9 per cent.

The CoreLogic Pain and Gain March report revealed the median hold period on the Gold Coast was eight years while the median profit was $116,000.

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‘Never underestimate the power of paint’: The COLOUR that can add thousands to the value of your home is revealed, as renovation expert reveals the tones that are on trend right now

It’s no secret that a lick of paint can do wonders for sprucing up a tired abode, but according to research the colour of your walls could do more than just make your home easier on the eyes.

According to estate agent, Zillow, homes that use different shades of the same colour sell for far more than those with pristine white walls.

Read more: http://www.dailymail.co.uk/femail/article-4631714/Colour-add-thousands-value-home.html#ixzz4kzBRVCZX
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Welcome to the “Week That Was In Property” NZ EDITION

We are considered by many as the #1 source in New Zealand for property/real estate news and rank massively high with GOOGLE search – to ensure our advertisers stand out.

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Filed under Australian Property & Real Estate News, Celebrity, Homes & Property New Zealand, International Property News, New Zealand Property & Real Estate News, Real Estate Agent News, Uncategorized

Relief at last for Grenfell Tower families as they are rehoused in $4bn luxury block in Kensington after authorities buy up 68 flats

Around 250 homeless and beleaguered survivors of the devastating Grenfell Tower fire will be rehoused permanently inside a £2billion luxury Kensington development, it was revealed today.

The 68 one, two and three bedroom properties have been bought for just £10million and will provide refuge for families who lost everything in the blaze that killed 79 people a week ago.

Apartments in the Kensington Row development are currently on the market for between £1.5million and £8.5 million. The flats have been bought by the Corporation of London, which will run them as part of its social housing stock.

READ MORE VIA DAILYMAIL

The development has over 500 apartments, of which the government has bought up 68 for those displaced by the fire

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Celebrity sale: Ashton Kutcher and Mila Kunis buy a beach house

Mila Kunis and Ashton Kutcher have just purchased an oceanfront home: a six-bedroom, six-bathroom, beach house in Carpinteria.

Just a couple hours’ drive from their main residence in Beverly Hills, their new home is set behind gates on a private drive and the ocean is front and centre from every point in the house.

Designed and decorated in classic California coastal style, the light and bright home is a picture-perfect beach property.

READ MORE VIA STUFF

TRULIA

Ashton Kutcher and Mila Kunis have purchased a two-house beachfront compound near Santa Barbara.

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Pricier loans could be on the cards

  • Homeowners with mortgages are being warned a credit rating downgrade for the big four banks could be bad news for their repayments.

Credit rating agency Moody’s has downgraded a dozen Australian banks, including the big four, citing increased risks in the nation’s increasingly indebted households.

READ MORE VIA STUFF

The big four Australian banks, which operate BNZ, ANZ, Westpac and ASB in New Zealand, have had their ratings downgraded by Moody’s.

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Filed under Australian Property & Real Estate News, Homes & Property New Zealand, International Property News, New Zealand Property & Real Estate News, Uncategorized

The change that dropped house prices

  • Housing affordability, or the lack of it, has been a topic dissected ad nauseam in Australia and New Zealand, so it may come as some surprise that other world cities are looking here to curb their own woes.

As hard as it might be to believe for Aussies and Kiwis looking to get a foot on the property ladder to believe, one city in particular has sought inspiration from Australian housing policy and seen an almost 20 per cent drop in house prices.

READ MORE VIA NZHERALD

Vancouver downtown city in British Columbia. Photo / 123rf

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Filed under Australian Property & Real Estate News, Homes & Property New Zealand, International Property News, Uncategorized

High rise living! Bec and Lleyton Hewitt put their $10 million luxury Melbourne penthouse on the market for a third time

  • Bec and Lleyton Hewitt have put their luxury Melbourne penthouse on the market yet again.

This is the third time the couple has tried to sell their St Kilda Road apartment in six years, according to The Sunday Telegraph.

Set on levels 19 and 20 of the luxurious YVE building in Melbourne, the property has an asking price of $10 million.

READ MORE VIA DAILYMAIL

Bec and Lleyton Hewitt sell multi-million dollar luxury apartment St Kilda Road, Melbourne

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June 16, 2017 · 3:19 PM

Dreaming of a property bargain in SYDNEY? Experts claim buyers have ‘rare opportunity’ to snap up houses at lower prices – but it will only last for two weeks

 

  1. The next two weeks are a golden window of opportunity for Sydney home buyers
  2. The opening is the result of a drop in buyer activity and rise in properties
  3. Likely to be less competition from bidders and lower prices in auctions
  4. The market will likely swing back in July with new stamp duty exemptions

READ MORE VIA DAILYMAIL

Earlier this month, Treasury Secretary John Fraser says there’s ‘unequivocally a house price bubble in Sydney’

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Filed under Australian Property & Real Estate News, International Property News, Real Estate Agent News, Uncategorized

What a lava-ly home! The tiny house by the world’s most active volcano you can rent for $200 (but would you be brave enough to stay?)

  • Literally rising from the ashes, pint-sized Phoenix House is built on top of a lava flow at the base of the world’s most active volcano in Hawaii. The unique one-bedroom property is located four miles away from Mauna Loa on Big Island, which has erupted 33 times since 1843, the most recent time being in 1984.

 

While it might not appear to be the most suitable location for a home, its owner insists that it has an otherworldly appeal. Guests are now being invited to stay at the spot – if they dare – for £98 a night via Airbnb .

 

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If You Are A First-Time Home Buyer, Look For These Traits In A Real Estate Agent

Real estate agents are part of a service industry, but there can be wide variations in how engaged or knowledgeable an agent is, which can limit your options when trying to find the right home.

Below, members of the Forbes Real Estate Council talk about what qualities they recommend first-time buyers look for in a real estate agent. Here’s what they say:

READ MORE VIA FORBES

Members of the Forbes Real Estate Council discuss important traits of a good real estate agent.

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Australia: Priced out of the country: Houses in Sydney and Melbourne are so expensive that Australian first home buyers are snapping up properties in JAPAN

  • The housing affordability crisis gripping Sydney and Melbourne is so severe some first home buyers are purchasing properties in Japan instead.

One such person is Paul Linabury, 30,  from Western Australia, who has just purchased a three-bedroom house in Niseko, Japan for $90,000 with his partner and two other couples.

READ MORE VIA DAILYMAIL

West Australian man Paul Linabury, 30, recently purchased a house in Japan

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‘Being black in America is tough’: Lebron James speaks out after his LA mansion is targeted with racist grafitti

Lebron James is speaking out after an unknown vandal sprayed racist graffiti on his LA home Wednesday morning.

Police are investigating after the N-word was spray-painted onto the front gate of his Los Angeles mansion before dawn.

READ MORE VIA DAILYMAIL

James’ Brentwood home was found to be vandalized with the N-word on Wednesday morning. He was not home when it happened

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Australia: The housing boom is over

  • HOUSE prices in Australia’s capital cities fell 1.1 per cent in May, the latest sign Australia’s booming property market has finally peaked.

The fall was led by declines in Sydney and Melbourne of 1.3 per cent and 1.7 per cent respectively, according to CoreLogic’s latest home value index.

READ MORE VIA NEWS.COM.AU

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Inside Obama’s new $11.4m home

President Barack Obama and his wife Michelle have bought the Washington DC house they have been renting since leaving the White House. It is believed to be the fourth house owned by the couple.

The former President of the United States and his wife have paid US$8 million (NZ$11.4m) for the Kalorama property that was formerly owned by Bill Clinton’s press secretary Joe Lockhart and his wife, Giovanna Gray Lockhart. The Lockharts sold the house in 2014.

READ MORE VIA STUFF

HOMEVISIT

President Barack Obama and wife Michelle have bought this house in Washington, for $11.4 million. They have been renting the property since leaving the White House in January.

 

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Airbnb spin-off ‘just crazy’

  • It started with the idea of home hosting, but now Airbnb has transformed into a massive hospitality enterprise that has spawned a new growth industry in servicing.

There are 20,000 Airbnb listings in New Zealand and while many people still offer rooms in their home to paying visitors, a lot of the growth is in holiday houses bought expressly for the purpose of making money through Airbnb. These properties need managing – cue the huge rise in the number of property management companies offering such services.

READ MORE VIA STUFF

GUEST EASY

Kate van der Fluit of Guest Easy, which manages Airbnb properties in Auckland, says good service is about having the edge – knowing all her clients’ names and her guests’ names is all important.

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Filed under Homes & Property New Zealand, International Property News, New Zealand Property & Real Estate News, Real Estate Agent News, Uncategorized

Disaster looms for property market

An Australian asset manager is liquidating its Australian shares funds and returning “hundreds of millions” of dollars back to its clients, citing an impending property market “calamity” and the “overvalued and dangerous time in this cycle”.

“We think that there is too much risk in this market at the moment, we think it’s crazy,” said Philip Parker, who serves as Altair Asset Management’s chairman and chief investment officer.

READ MORE: Housing bubbles – who loses the most when they pop?

READ MORE VIA STUFF

DAVID GRAY/REUTERS

“Australia hasn’t had its GFC event, we’ve been living in this fool’s paradise,” says Altair Asset Management chairman and chief investment officer Philip Parker.

 

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Filed under Australian Property & Real Estate News, International Property News, Uncategorized

Sydneysiders are cashing in by moving to Queensland where you can live in a mansion for a steal

The Gold Coast in Queensland, Australia. Photo / Getty Images
The Gold Coast in Queensland, Australia. Photo / Getty Images

 

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Filed under Australian Property & Real Estate News, International Property News, Uncategorized

‘Limited English, unlimited bank accounts’: Chinese investors are snapping up 25% of all new properties on the market – and 20% are left EMPTY

  • Chinese investors are snapping up a quarter of new properties on the market as younger, cashed-up buyers arrive.

    They are part of a growing number of foreigners casting their eyes to Australia as a nearby source of wealth with an enviable lifestyle.

    ‘We say limited English, unlimited bank accounts,’ Melbourne real estate agent Tim Heavyside told Sunday Night of many buyers – even in the outer suburbs.

    READ MORE VIA DAILYMAIL

Real estate agent Monica Tu said she was selling the ‘Chinese Australian lifestyle’, which was the biggest appeal for any wealthy investor

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Filed under Australian Property & Real Estate News, Homes & Property New Zealand, International Property News, Uncategorized

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