Why a three-bedroom home in WA town of Merredin between Perth and Kalgoorlie sold for just $22,000

A three-bedroom home in Western Australia has sold for just $22,000 — but there’s a catch. The home, situated on 1,062m² in Merredin between Perth and Kalgoorlie, was sold through private treaty on January 23. However the property contains asbestos, the listing by GEST Real Estate’s Stephen Nagle revealed. Stream local 7NEWS free on 7plus … Read more

Tour $24 million mansion in Delray Beach, Florida

The owners of this Florida mansion are asking for $24 million for their almost 11,500 square-foot residence inside one of the most expensive gated communities in Delray Beach, Florida. The price tag puts the home, known as Villa Ananda, at a price per square foot of almost $2,100, which is well beyond record-breaking territory for … Read more

Australian suburbs with mortgage repayments under $570 a week

The Australian suburbs where buyers can secure a home with mortgage repayments on par with the nation’s average rent have been revealed in new data. Australia’s median weekly rent was $570 last year, according to CoreLogic’s 2023 rental report. An analysis of the market by PropTrack found more than 350 locations across the country where … Read more

UK, Europe real estate to surge as buyers eye investment opportunities

Aerial view of the roof gardens at Gasholder Park in Kings Cross, London. Richard Newstead | Moment | Getty Images The U.K. looks poised to lead a European real estate resurgence this year as international investors return capital to the region’s strained property market. An anticipated fall in interest rates and modest economic revival will … Read more

Rental scam on Facebook: Aussie tenant’s shock discovery after landlord demands ‘inspection fee’

Australian renters struggling to find a home amid the housing market squeeze are being targeted by cruel scammers pretending to be landlords. One woman, from Melbourne, contacted a property owner after she spotted a private rental apartment ad on Facebook. A private rental is when a landlord handles the property themselves — cutting out the … Read more

China’s Country Garden gets liquidation petition from creditor

Aerial photo shows a Country Garden residential area in Nanjing, East China’s Jiangsu province, Feb 5, 2024. Future Publishing via Getty Images Future Publishing | Future Publishing | Getty Images China’s Country Garden Holdings said Wednesday it received a liquidation petition filed by one of its creditors, deepening worries about the country’s beleaguered property sector. … Read more

7% interest rates hit weekly mortgage demand hard

Thianchai Sitthikongsak | Moment | Getty Images Higher mortgage rates continue to hit demand from both current homeowners and potential homebuyers. Total mortgage application volume dropped 5.6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment was made to account for the Presidents Day holiday. The … Read more

Urgent new warning over latest trick by ‘landlord’ thieves to get into your home

Aussie residents are urged to be wary of a new tactic by would-be thieves looking to burgle homes. Sharing on Reddit, one Melbourne renter revealed how two people claiming to be representatives of the property’s landlord tried to gain access to their house. Suspicious, the tenant turned the man and woman away – only to … Read more

Hong Kong property stocks jump after city scraps cooling measures

An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Stocks of Hong Kong developers rose after Financial Secretary Paul Chan scrapped property cooling measures in a bid to bolster the sector, which has been weighed down by high borrowing costs and weak economic … Read more

The hottest housing markets for the super rich in 2024

The Port of Fontvieille Harbor in the Principality of Monaco. Education Images | Universal Images Group | Getty Images The ultrawealthy are looking for a better lifestyle and strong investment when it comes to buying their next home, according to a new study. One-quarter of American ultra-high-net individuals, or those worth $30 million or more, … Read more