As Australia’s Market Cools, Home Staging Can Make a Big Difference on Sale Price
Sellers will face more competition than they’ve had in years this spring and bringing in professional stylers can yield more interest and payoff. Read More
BY THE NUMBERS
TRENDING TODAY
SPECIAL REPORT
Rio de Janeiro’s Colorful Colonial Homes Evoke a Bygone Era
The houses are known for their symmetrical fronts, grand doors, large windows and often vibrant facades. Read More
LISTING OF THE DAY
A Mediterranean-Style Villa in a Wealthy Suburb of Phoenix
It took 10 years and imported materials and artisans from Italy to build the elaborately detailed 18,000-square-foot estate. Read More
NEIGHBORHOOD NOTES
Brook Green: West London’s New ‘Golden Postcode’
The suburb offers parks, period housing and good transport links. Read More
NEWS BITES
Walkability Is Key for Australian Home Buyers
Across Australia, the walkability of a given area has become paramount to potential home buyers since the onset of the pandemic, according to a new analysis from PwC. “Following the pandemic and lockdowns, a natural consequence has been a prioritization of active, open-air, healthy and social living, combined with a renewed environmental focus and distaste for emissions-heavy cars,” said Antonia Mercorella, chief executive of the Real Estate Institute of Queensland. “So, particularly with this recent psychological shift, the ability to complete errands and everyday activities with only walking power can undoubtedly drive demand for a property.” Domain
Opportunity Arises for Buyers of Dubai’s Existing Homes
An opportunity for buyers in Dubai is starting to emerge as a gap opens up between prices of off-plan and existing, or secondary, homes. Typically, an off-plan property in the city carries a price tag that is between 14% and 30% higher than comparable existing properties, and the gap is set to widen. “The higher prices on off-plan units from developers isn’t just about them asking more,” said Firas Al Msaddi, CEO of real estate firm fäm Properties. “There is inflation cost on building materials, and these days, more developers are adding more luxury, more features with their launches.” Gulf News
Canada’s Housing Market Is Cooling, but by How Much?
With Canada’s busy fall real estate season approaching, property experts are debating how much the market will cool. “The fall is going to be interesting because we’re going to see probably more buyers jumping into the market and you don’t need a ton more buyers to provide a little bit more stability to prices,” said John Pasalis, president of Realosophy Realty Inc. in Toronto. “Just a little bit of a bump in demand could be the difference between homes selling in three, four weeks versus selling in two weeks or selling a lot faster.” Canada’s property market saw frenzied demand and soaring prices amid the peak of the pandemic, but has slowed in recent weeks. Yahoo
Suburban Australian Home Poised to Break Local Records
A seven-bedroom home in Tonimbuk, a rural suburb in Victoria, Australia, is set to break the area’s house price record. The high-end home is asking A$10 million (US$6.9 million), upward of A$7 million more than the current record holder for most expensive sale in the suburb. The compound sits on more than 40 acres and has three homes, an Olympic-sized horse arena and a tennis court. realestate.com.au
AROUND NEWS CORP
Where to Buy Property in Normandy, France [The Times of London]
8 Things Home Inspectors Will Look for in That House You Want to Buy [Realtor.com]
Inside Billionaire Marc Lore’s Utopian City: ‘Telosa’ [New York Post]
A Lake House Is Nice. A Lake House With Mountain Views Is Even Better. [The Wall Street Journal]
