Property values across Australia continue to climb as more buyers enter the market in anticipation of possible falls in interest rates later this year. Average prices edged 0.6% higher in February, according to the Home Value Index gathered by the leading real estate research organisation, CoreLogic. It was the most substantial monthly gain since last…
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Some of America’s favorite celebrities have been busy in the real estate market recently, with several dropping their price expectations in the super-luxe market. One star who’s reportedly bringing down their asking price to meet market expectations is Jim Carrey. According to realtor.com, the actor has dropped the price of his Los Angeles estate from…
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Since New York became the first state to ban natural gas and other fossil fuels in new buildings, a debate has been raging about the health dangers of the gas stove in the family kitchen. An increasing number of owners are now replacing gas with an induction stovetop as part of a kitchen remodel. The…
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The speed at which sentiment in the property market can change can be stunning. Just a few weeks of good economic news and renewed stability in mortgage costs will change how the future values of real estate across America are viewed. After 18 months in which the Federal Reserve increased interest rates to beat down…
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Fluctuating property prices often make prospective buyers and investors think twice about the value of real estate and whether it is a safe investment. If you pay attention to only the day-to-day media coverage of the real estate scene, you will fail to see the big picture. In America today, the median sales price for…
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Americans are staying in their homes longer and aging in place, according to new data from the property portal and brokerage, Redfin. The finding indicates the current shortage of homes for sale across America isn’t just a result of higher interest rates but also due to owners holding onto their homes almost twice as long…
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New international research has highlighted New Zealand as one of the most expensive property markets in the world on a price-to-income ratio. Analyst company Statistica singled out Auckland as exceptionally “competitive” despite the city’s slow price decline last year. Nevertheless, it found average house sales prices of $1.2 million in North Shore City. It noted…
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New Zealand has won a global reputation for being the country where everyone wants to escape the world’s troubles. The fresh air, space and beautiful countryside make it one of the most desirable nations to live peacefully. There continues to be a steady trend in sales of lifestyle properties, despite the challenging economic conditions and…
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A new survey of New Zealand’s property market shows buyers are returning after a prolonged absence because of interest rate rises. However, they’re not making any quick decisions. More than half of agents (57%) have noted an increase in prospective buyers at open homes, according to the latest New Zealand Home Loans (NZHL) Property Report. …
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Investors will be heartened by the Reserve Bank of Australia’s recent decision to end its rate rise program and maintain the 4.65% cash rate. It gives investors and landlords breathing space to consider the continuing strength of the property market and whether the expansion of their portfolios will reap greater rewards. A recent report by…
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