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2 days ago | 
eliteagent.com | Rowan Crosby
HIA Senior Economist Tom Devitt said that lot prices have rapidly accelerated, finishing 2024 at 8 per cent higher than a year earlier, compared to more modest increases in previous years. “The fact that these record low sales volumes occurred at the same time that land prices re-accelerated from record highs, is indicative of shortages of shovel ready land, driven by the rising cost of providing infrastructure and delays in the planning system,” Mr Devitt said.
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2 days ago | 
eliteagent.com | Rowan Crosby
According to Chron, before Goodman, the property belonged to Academy Award-winning composer and Nine Inch Nails founder Trent Reznor. The property, also known as the Joseph Merrick Jones House, has an even deeper connection to New Orleans culture. The Goodmans are selling because they don’t need as much space anymore, though they plan to maintain a smaller residence in New Orleans.
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3 days ago | 
eliteagent.com | Rowan Crosby
“May’s data confirms the housing market’s relentless acceleration that began in January has far exceeded initial expectations, with national house prices rising 0.7 per cent to reach $926,806, delivering annual growth of 5.2 per cent,” Ms Conisbee said.
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4 days ago | 
eliteagent.com | Rowan Crosby
“Australia’s housing affordability challenge has an underlying mathematical reality: for new homes to become genuinely affordable, either construction costs must fall or land prices must drop significantly,” Ms Conisbee said.
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4 days ago | 
eliteagent.com | Rowan Crosby
Sydney, Brisbane, Adelaide, Perth and Darwin have all reached new price peaks. Melbourne recorded the strongest monthly increase at 0.79 per cent, continuing its recovery after a prolonged period of softer growth. Despite this recent surge, Melbourne’s home values remain 2.85 per cent below their peak. In a significant change, Perth’s median home value of $787,000 has overtaken Melbourne’s $782,000 for the first time in a decade.
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4 days ago | 
eliteagent.com | Rowan Crosby
This represents the most significant imbalance in records dating back to 2013. The shift is expected to drive home prices down by approximately 1 per cent by the end of the year as sellers compete for a diminishing pool of buyers, giving purchasers increased negotiating power. High mortgage rates and elevated home prices remain the primary factors deterring potential buyers.
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4 days ago | 
eliteagent.com | Rowan Crosby
The four-bedroom, 5.5-bathroom dwelling features sweeping views of the Santa Monica Mountains and surrounding canyons. The listing is held by Scott Moore of Christie’s International Real Estate Southern California, who said Evans’ decision to sell stems from his desire to return to his Massachusetts roots. “After over a decade of amazing memories in his L.A. home, Chris is planning to move to the East Coast to be closer to family,” Moore said in a statement.
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1 week ago | 
eliteagent.com | Rowan Crosby
The 80-acre property features three structures with a total of 12 bedrooms, including a main house that is over 200 years old. The estate boasts impressive amenities, including a 48-foot pool, hot tub, tennis court that can be used for pickleball, and 3.5 miles of hiking trails. The grounds also feature two ponds and an apple orchard, providing ample outdoor activities for the family.
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1 week ago | 
eliteagent.com | Rowan Crosby
“There are currently 2,816 capital city homes scheduled for auction this week, up from 2,460 last week and 2,380 this time last year,” Ms Fono said. “If all of these auctions go ahead, it will be the third busiest auction week of the year.”Ms Fono said that Melbourne continues to lead the capital cities in auction volume, with numbers approaching yearly highs. “In Melbourne, 1,371 homes are currently scheduled for auction this week, the fourth busiest auction week of the year so far,” she said.
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1 week ago | 
eliteagent.com | Rowan Crosby
The American director lived and worked at the Elstree property while producing several of his most acclaimed films. During his time at Abbots Mead, Kubrick managed the production, editing and distribution of “A Clockwork Orange,” “The Shining,” “Barry Lyndon” and “2001: A Space Odyssey.” The property’s proximity to EMI Elstree Studios made it an ideal base for the filmmaker. Steven Spencer of Savills Rickmansworth holds the listing and said the property has a unique cinematic connection.
