INTERNATIONAL
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Overseas investment in US homes falls to the lowest level in a decade
Overseas buyers purchased US$54.4B worth of existing homes in the US from April 2020 through March 2021. This was the lowest level in a decade. …
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John Legend and Chrissy Teigen sell Beverly Hills home for $7.15 million less than asking price
Musician John Legend and his model wife Chrissy Teigen have sold their Beverly Hills home for around US$16.8 million. …
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Inside a US$169 million NYC penthouse in the controversial 432 Park Avenue building
The 432 Park Avenue building in New York City has been subject to controversy in the past few years, with reports of apartments flooding and the building swaying in the wind because of its 426m height. …
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David Bowie’s SoHo apartment sold for $17 million in just one month
Late glam-rock legend David Bowie's New York City apartment has sold for US$17 million, after just one month on the market. …
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Vertigo star Kim Novak’s Carmel home offers ultimate oceanfront views
Best known for her two roles in Alfred Hitchcock's Vertigo, Kim Novak is a beloved actress straight from the golden years of Hollywood. …
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US housing inventory jump is set to be a welcome relief for prospective buyers
Housing inventory saw significant recovery for the second straight month in June, according to the latest Zillow Real Estate Market Report. The increased housing inventory indicated the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favour. But demand is still strong, sending home value appreciation to new record highs for both monthly and annual growth, …
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Westpac revises its outlook for the Australian Dollar
Despite a long-term upswing in the value of the Australian Dollar (AUD), Big Four bank, Westpac believes there's still potential for more growth. …
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Inside #FreeBritney: Britney Spears’ impressive real estate portfolio
Britney Spears’ name has been plastered on headlines in recent weeks, courtesy of the #FreeBritney movement after she spoke out against the 13-year conservatorship that gave her father James control of her wealth. Britney Spears’ father James had previously been in control of her US$50 million fortune, earned thanks to mega-hits like Baby One More Time, Toxic and Oops! … I Did It Again. …
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The US luxury housing market frenzy is settling down as inventory rises
The wild residential housing market in the United States (US) is finally starting to calm down, according to the Wall Street Journal. The publication reported more properties are coming on to the US housing market, especially in the prestige sector. They note inventory is increasing as owners who delayed selling during the worst of the pandemic now look to list their homes. …
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Celebrity jeweller Pascal Mouawad lists his $15 million Bel Air mansion
He’s the Hollywood jewellery designer famed for adding the final sparkles to some of the stage and screen’s biggest names. Internationally acclaimed jeweller Pascal Mouawad has listed his Bel Air mansion for US$15.75 million, according to TopTenRealEstateDeals.com. Mr Mouawad’s fine jewellery designs have graced runways and red carpets from the Oscars to Paris Fashion Week. The designer jewellery has been worn by America’s biggest celebrities, …
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Apple offers $1 billion in affordable housing support across California
Tech giant Apple has delivered more than $1 billion for housing projects across California over the past 18 months. Technology-industry heavyweights like Apple and Amazon are offering affordable housing solutions across America, with the housing bubble crisis booming throughout the country, primarily due to the pandemic. While one group of American households is rushing to buy homes with savings built during the pandemic, …
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The interior design trends millennial prospective homeowners really want
Millennial interest in interior design trends has skyrocketed thanks to popular video-sharing app TikTok. So which styles are young prospective homeowners looking for? With millennial interest in homeownership sharply increasing, it is vital to maintain up-to-date knowledge of the latest trends, including in interior design. UK-based home insurer Money investigated which interior design trends have made the biggest impact this year, …
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First home buyers in the US struggle to save for a down payment
It is estimated to take a full year longer to save for a down payment on a starter home than it did five years ago, a new Zillow study has found. …
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Kelly Clarkson sells her Tennessee lakeside mansion for US$6.3 million
Singer, songwriter, and talk-show host, Kelly Clarkson has sold her gorgeous lake house in Hendersonville, Tennessee for US$6.3 million. …
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Airtasker and Soho founder Jonathan Lui reveals major real estate website acquisition
Soho, an AI-powered personalised real estate platform, recently announced it has officially acquired Home Sales. …
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Five ways the UK housing market can progress post-pandemic
It's more than one year since the onset of the COVID-19 pandemic in the United Kingdom (UK). The effects are noticeable in all sectors and the housing market has certainly not been spared. …
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Major global cities see house prices rising at the fastest rate since 2007
Darwin, Canberra and Hobart house prices are rising at the fastest rate since 2007, says Knight Frank Global. …
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How Australia ranks for female empowerment and gender equality
Australia has ranked within the top 20 countries in the Female Opportunity Index 2021. …
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Millennials use pandemic savings to put a deposit on their first home
Three in every five millennials plan to use the money they saved during the pandemic towards a payment on their first home, according a US study. …
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Melbourne is the best city in the world for working remotely
A new study has revealed the best cities to live in and work remotely from, based on data on legislation, costs and overall liveability. The on-demand housing platform Nestpick investigated the 75 best cities in the world for working remotely. Melbourne and Sydney came first and third respectively. The scores indicates which cities are best prepared to attract a new breed of remote workers by using digital nomad visas, …
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Yvette Mimieux’s stunning $45 million Bel Air estate for sale
Home to one of old Hollywood's most glamorous couples, Il Sogno (the dream) has come on the market at US$45 million. …
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Expats and international investors stoking the local market
International investors and expats looking to return home to Australia are continuing to show strong interest in many markets across the country and are contributing to upward pressure on house prices. …
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The world’s largest housing bubbles
Australian housing prices have been on a record run over the past 12 months, however, a new report suggests it’s nowhere near the biggest bubble in the world. …
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Home prices are rising globally, but can wages growth keep up?
House prices have been rising around the world at the fastest rate in 30 years, however some countries might run into problems if wages growth can’t keep up, an expert has warned. Asset management firm Franklin Templeton, notes house prices have been rising globally over the past 12 months, thanks to a combination of low interest rates and monetary stimulus. Franklin Templeton’s Chief Market Strategist and Head of Franklin Templeton Investment Institute, …
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Smart home technology used by 10 million British residents in 2021
Smart home technology has made a major breakthrough in British mainstream culture over the past few years, reaching a new peak in 2021. There are currently 10 million United Kingdom (UK) residents using smart home technology, which allows consumers to control appliances, thermostats, lights and other devices remotely using a smartphone. The rapid adoption of this new technology is projected to increase in coming years, …
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US Olympic boxing champion Sugar Ray Leonard lists Los Angeles mansion for US$46.5 million
Gold medal boxing champion Sugar Ray Leonard is one of the wealthiest boxers in the world. With an estimated net worth of US$120 million, it’s little surprise the US Olympian’s Pacific Palisades mansion has been put on the Los Angeles property market for a whopping US$46.5 million. It has been nearly three decades since Leonard purchased just two acres of Pacific Palisades land, …
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House prices in Australia and New Zealand growing at record pace
House prices across the planet are growing at a rapid rate, with both Australia and New Zealand some of the best performers in the last 12 months. …
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Two Australian cities listed in the top five for entrepreneurial success
Sydney and Melbourne have been highlighted as two of the best cities in the world for aspiring entrepreneurs to start their own business. …
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REA Group does a deal for share in PropertyGuru
REA Group has announced that it has entered into a binding agreement to combine REA’s Malaysia and Thailand businesses with Proptech company PropertyGuru. …
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New Zealand house construction costs rise at fastest rate in two years
Housing construction costs in New Zealand surged by 1.3 per cent over the first quarter of 2021, according to the latest CoreLogic's Cordell Housing Index Price (CHIP). …
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Netherlands researchers planning to print their way out of a housing crisis
Netherlands researchers have come up with a concrete solution to address the shortage of housing in the nation - by printing new dwellings. …
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US real estate market booming
Australia is not the only country experiencing a real estate boom in 2021, with new figures from the United States showing national median home values have reached a new all-time. …
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Million Dollar Listing stars saddle up for move to Texas
American real estate company Douglas Elliman is expanding into Texas and it’s bringing some big guns with it, including Million Dollar Listing New York star Frederik Eklund. …
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The Rock on a roll: Dwayne Johnson buys $45m Los Angeles mansion
Dwayne 'The Rock' Johnson has made a fast and furious purchase, splashing out AU$45 million for a Los Angeles mansion. …
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Madonna still living in material world after buying The Weeknd’s California estate
A global pandemic isn’t enough to stop Madonna living large in her material world, with the singer paying $A25 million for a California estate belonging to The Weeknd. …
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