Real Estate

Historic lighthouse keeper's cottage up for sale

A cottage next to Macquarie Lighthouse has been put up for sale, and one lucky buyer will have the chance to say they live next to one of the country's oldest lighthouses. Located on beautiful South Head Vaucluse, the lighthouse itself has stood since 1883 and it is the second tower built there after the first convict-designed one deteriorated. You don't have to worry about any noise as there's only one neighbour in sight. "How many houses can you buy with a lighthouse next door," McGrath sales agent Robert Alfeldi said. For $12 million, the lucky buyer will get the heritage home that was built 1881, with most of its original fittings still in tact and an old stables building, perched on 2600 square metres of land. Although the property has kept most of its original elements, the interior - specifically the kitchen and bathroom - have been updated into more modern versions of the original. However, those looking to renovate the property and add a second floor should look for a different property as it is a heritage home, so it limits what future owners can add. “It’s quite a unique property. People show up thinking they can put a second storey on. But it is what it is for a reason," Alfeidi said. Iconic properties like this don't go for sale often, and tends to create a buzz among wealthy potential buyers. The property was previously sold in October 2016 for $7 million. Images: Domain/ Nine

Real Estate

James Packer's insane $132-million mansion up for grabs

Aussie billionaire James Packer has put up his $132-million mansion up for sale. The 12-bedroom Beverly Hills home was previously owned by Hollywood star Danny DeVito, before Packer bought it off him in 2018 for $93-million, according to realtor.com. Dating back to the 1930's, the luxury estate has been named “Beverly Hills at its finest," as it sits on 2260 sqm and boasts a three-storey accessory dwelling, a separate maids quarter and a guesthouse. “Boasting living space across multiple structures, enjoy an unparalleled gem in one of the most coveted neighbourhoods in Southern California," the listing read. It's the embodiment of luxury and "iconic L.A. living", with a home theatre that's fully equipped with a bar, a game room, wine cellar, resort-style pool and cigar lounge. The primary suite has a fireplace, sitting room, dual bathrooms, and access to a terrace. With 18 bathrooms you don't need to worry about whether they are occupied as the master suite itself features two master baths, double vanities, a linen closet, powder room, and the option of a shower or a sub and steam shower. Not only that, the private balconies allow you to take in the magnificent views of the estate's lush yard, but also the surrounding canyons, so there's never a boring day in the multimillion dollar mansion. According to The Daily Telegraph, the billionaire is selling the home because he has no desire to live in LA if his kid's won't be visiting, after his ex-wife Erica Packer and their three kids moved to London earlier this year. Images: realestate.com.au/ Getty

Real Estate

Inside Bec and Lleyton Hewitt's new $10-million dream home

Bec and Lleyton Hewitt have headed back to Sydney after stints in Melbourne and the Bahamas, with hopes that their new $10.3 million dream home in the semi-rural suburb of Glenhaven, will provide more stability. "I'm a Sydney girl, I love Sydney," said Bec, who swapped the busy inner city life for a more secluded one with her husband their three kids, Mia, 17, Cruz, 14, and Ava, 12. Their new home is close to Bec's family, and one of their neighbours is none other than Bec's former Home And Away co-star Lynne McGranger. Their six bedroom home comes with a host of features, including an inground swimming pool with a cabana, a tennis court, guest cottage and office. It also includes a space that will be used as a "boys room" for Lleyton and his son Cruz. The home sits on just over two hectares, and even features a secret room hidden in the loft, if they want to escape and have some peace and quiet. The couple's lavish purchase comes after they sold their Melbourne mansion in the ritzy suburb of Toorak for $16 million in 2021. They didn't require a mortgage for their new home. A local insider told Woman's Day that "the house is tucked away on a quiet, dead-end road in a sleepy suburb, which will give them a bit more privacy." Images: @threebirdsrenovations / Instagram

Real Estate

Princess Diana's childhood home up for rent

The house Princess Diana spent her childhood and teenage years in is now available for the public to rent. Althorp House, located in West Northamptonshire in England, is owned by Diana's brother Earl Spencer, who has lived on the sprawling property as custodian of the estate since 1992. The expansive property has been listed for royal fans with deep pockets to rent on <a href="https://www.elysian-estates.co.uk/althorp/" target="_blank" rel="noopener">Elysian Estates</a>, an upmarket equivalent of Airbnb. Althorp House, which is a 90 minute drive out of London, was built in 1508 and has been in the Spencer family for 19 generations. Lady Diana lived in the 90-room stately home for most of her childhood and teenage years, before she married the then-Prince Charles in 1981. Not just one grand property, the estate covers 13,000 acres of countryside as it encompasses cottages, farms, woodlands and villages, which are open to visitors but only at certain times of the year. Now, the home is once again available to rent via Elysian Estates. "Althorp offers unparalleled levels of service, privacy and luxury to rival the finest properties anywhere in the world; yet retains the truly welcoming and homely feel that makes Althorp so special," the listing says. "Walk in the footsteps of kings and queens, feast or celebrate in spectacular surroundings, marvel at the sense of history and artwork, and slumber in pure luxury." In the main house, there are six state bedrooms to choose from offering "a level of opulence befitting royalty, with these very rooms playing as much a part of English history as any royal palace". Prices for the rental are not yet publicly available as an enquiry must be sent to reserve the opulent property. The listing stated that the stay includes "butler service, a team of private chefs and housekeeping, with a dedicated concierge service". Althorp is today most famous for being the final resting place of Princess Diana following her death in Paris. Image credits: Getty Images / Instagram

Real Estate

Eye-watering price tag for Melissa Caddick's penthouse

A penthouse formerly owned by fraudster Melissa Caddick is on the market for an estimated $5.5 million. The apartment, which was previously occupied by her parents Ted and Barbara Grimley, was listed for auction on October 10 and boasts stunning panoramic views of the city skyline. “Spacious throughout and stylishly presented with understated contemporary finishes, this is the perfect opportunity for downsizers, executives and families who seek undeniable quality and convenience,” read an online listing. Viewings for the apartment located in Eastpoint Tower at Edgecliff are only available through appointments, according to managing agents Richardson and Wrench. Liquidators hope that the sale of the penthouse will help recover some of the money Caddick stole from over 50 investors as part of her ponzi investment scam. The 49-year-old lived a life of luxury after stealing up to $30 million from the investors, many of whom were reportedly her close friends and family. Jones Partners, the accounting firm in charge of liquidating Caddick's former assets, have already recouped $3 million to investors after the sale of her share portfolio and Dover Heights cliff-top mansion. At the time, Jones Partners principal Bruce Gleeson said that it wasn't rare for investors to not get anything back from ponzi schemes. However, he has said that the sale of the Edgecliff apartment in Sydney's eastern suburbs, would allow for further significant distributions to investors. Caddick disappeared in November 2020, just days after her home was raided by ASIC investigators. She is believed to be dead after her badly decomposed right foot was found washed up on a beach in the south coast of NSW on February 2021, but the rest of her body has not been found. Images: Richardson & Wrench

Real Estate

The rental housing crisis is hurting our most vulnerable and demands a range of solutions (but capping rents isn’t one of them)

<a href="https://theconversation.com/profiles/andrew-beer-111469">Andrew Beer</a>, <a href="https://theconversation.com/institutions/university-of-south-australia-1180">University of South Australia</a> and <a href="https://theconversation.com/profiles/emma-baker-172081">Emma Baker</a>, <a href="https://theconversation.com/institutions/university-of-adelaide-1119">University of Adelaide</a> Roughly <a href="https://www.abs.gov.au/statistics/people/housing/housing-occupancy-and-costs/2019-20">one in three Australians</a> rent their homes. It’s Australia’s fastest-growing tenure, but renting is increasingly unaffordable. From 2020 to 2022, our <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4253168">research</a> found a large increase in the proportion of renters who said their housing was unaffordable. <figure class="align-center zoomable"><a href="https://images.theconversation.com/files/542737/original/file-20230815-25187-p7vxqo.png?ixlib=rb-1.1.0&q=45&auto=format&w=1000&fit=clip"><img src="https://images.theconversation.com/files/542737/original/file-20230815-25187-p7vxqo.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&fit=clip" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px" srcset="https://images.theconversation.com/files/542737/original/file-20230815-25187-p7vxqo.png?ixlib=rb-1.1.0&q=45&auto=format&w=600&h=217&fit=crop&dpr=1 600w, https://images.theconversation.com/files/542737/original/file-20230815-25187-p7vxqo.png?ixlib=rb-1.1.0&q=30&auto=format&w=600&h=217&fit=crop&dpr=2 1200w, https://images.theconversation.com/files/542737/original/file-20230815-25187-p7vxqo.png?ixlib=rb-1.1.0&q=15&auto=format&w=600&h=217&fit=crop&dpr=3 1800w, https://images.theconversation.com/files/542737/original/file-20230815-25187-p7vxqo.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&h=273&fit=crop&dpr=1 754w, https://images.theconversation.com/files/542737/original/file-20230815-25187-p7vxqo.png?ixlib=rb-1.1.0&q=30&auto=format&w=754&h=273&fit=crop&dpr=2 1508w, https://images.theconversation.com/files/542737/original/file-20230815-25187-p7vxqo.png?ixlib=rb-1.1.0&q=15&auto=format&w=754&h=273&fit=crop&dpr=3 2262w" alt="horizontal bar chart showing changes in Australian renters' assessments of affordability form 2020 to 2022" /></a><figcaption>Change in Australian renters’ assessments of affordability from 2020 to 2022. Baker, Daniel, Beer, et al, forthcoming, The Australian Housing Conditions Dataset, doi:10.26193/SLCU9J, ADA Dataverse</figcaption></figure> Australians are concerned about the <a href="https://www.theguardian.com/australia-news/2023/jul/05/rents-rise-again-across-australia-with-sydney-seeing-fastest-rise-in-20-years">pace</a> of <a href="https://www.sbs.com.au/news/article/how-much-has-rent-increased-around-australia/8ljlnf0zm">rent rises</a>. Prime Minister Anthony Albanese <a href="https://www.pm.gov.au/media/national-cabinet-meeting">says</a> increasing housing supply and affordability is the “key priority” for tomorrow’s national cabinet meeting. The crisis has impacts well beyond affordability. The rental sector is where the worst housing accommodates the poorest Australians with the worst health. <h2>The unhealthy state of rental housing</h2> Forthcoming data from the <a href="https://dataverse.ada.edu.au/dataverse/ahcdi">Australian Housing Conditions Dataset</a> highlight some of these parallel challenges: <ul> <li> it’s often insecure – the average lease is less than 12 months, and less than a third of formal rental agreements extend beyond 12 months </li> <li> rental housing quality is often very poor – 45% of renters rate the condition of their dwelling as “average, poor, or very poor” </li> <li> poor housing conditions put the health of renters at risk – 43% report problems with damp or mould, and 35% have difficulty keeping their homes warm in winter or cool in summer </li> <li> compounding these health risks, people with poorer health are over-represented in the rental sector. Renters are almost twice as likely as mortgage holders to have poorer general health. </li> </ul> Measures that potentially restrict the supply of lower-cost rental housing – such as rent caps – will <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4253168">worsen these impacts</a>. More households will be left searching in a shrinking pool of affordable housing. <h2>It’s all about supply</h2> Fixing the rental crisis needs more than a single focus on private rental housing. The movement between households over time between renting and buying homes means the best solutions are those that boost the supply of affordable housing generally. No one policy can provide all the answers. Governments should be looking at multiple actions, including: <ul> <li> requiring local councils to adopt affordable housing strategies as well as mandating <a href="https://www.ahuri.edu.au/analysis/brief/understanding-inclusionary-zoning">inclusionary zoning</a>, which requires developments to include a proportion of affordable homes </li> <li> improving land supply through better forecasting at the national, state and local levels </li> <li> giving housing and planning ministers the power to deliver affordable housing targets by providing support for demonstration projects, subsidised land to social housing providers and access to surplus land </li> <li> boosting the recruitment and retention of skilled construction workers from both domestic and international sources. </li> </ul> <h2>The biggest landlord subsidy isn’t helping</h2> More than <a href="https://data.gov.au/data/dataset/taxation-statistics-2020-21/resource/ebbd32e3-4556-41e1-a8b9-33387457d518">1 million Australians</a> claim a net rent loss (negative gearing) each year. Even though negative gearing is focused on rental investment losses, it is not strictly a housing policy as it applies to many types of investment. The impact of negative gearing on the housing system is untargeted and largely uncontrolled. As a result, it’s driving outcomes that are sometimes at odds with the need to supply well-located affordable housing. The most impactful action the Australian government could take to deliver more affordable rental housing nationwide would involve refining negative-gearing arrangements to boost the supply of low-income rentals. These measures may involve <ul> <li>limiting negative gearing to dwellings less than ten years old</li> <li>introducing a low-income tax credit scheme similar to the one in the United States.</li> </ul> We can learn much from the US, where the Low-Income Housing Tax Credit (<a href="https://www.huduser.gov/portal/datasets/lihtc.html">LIHTC</a>) scheme subsidises the acquisition, construction and renovation of affordable rental housing for tenants on low to moderate incomes. Since the mid-1990s, the program has supported the construction or renovation of about 110,000 affordable rental units each year. That adds up to over <a href="https://www.taxpolicycenter.org/briefing-book/what-low-income-housing-tax-credit-and-how-does-it-work">2 million units</a> at an estimated annual cost of US$9billion (A$13.8billion). This scheme is much less expensive per unit of affordable housing delivered than Australia’s system of negative gearing. Closer to home, the previous National Rental Affordability Scheme showed the value of targeted financial incentives in encouraging affordable housing. This scheme, available to private and disproved investors, generated positive outcomes for tenants. The benefits included better health for low-income tenants who were able to moved into quality new housing. A <a href="https://cityfutures.ada.unsw.edu.au/documents/81/Next_moves_report.pdf">raft</a> of <a href="https://apo.org.au/node/260431">evaluations</a> have <a href="https://www.ahuri.edu.au/research/final-reports/267">demonstrated</a> the achievements of this scheme. <h2>Crisis calls for lasting solutions</h2> Short-term measures such as rent caps or eviction bans will not provide a solution in the near future or even the medium or long term. Instead, these are likely to worsen both the housing costs and health of low-income tenants. Reform focused on ongoing needs is called for. Solutions that can be implemented quickly include the tighter targeting of negative gearing and the introduction of a low-income housing tax credit. Talking about change, as the national cabinet is doing, will begin that process of transformation, but it must be backed up by a range of measures to boost the supply of affordable housing. This, in turn, will improve the housing market overall as affordable options become more widely available.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/211275/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> <a href="https://theconversation.com/profiles/andrew-beer-111469">Andrew Beer</a>, Executive Dean, UniSA Business, <a href="https://theconversation.com/institutions/university-of-south-australia-1180">University of South Australia</a> and <a href="https://theconversation.com/profiles/emma-baker-172081">Emma Baker</a>, Professor of Housing Research, <a href="https://theconversation.com/institutions/university-of-adelaide-1119">University of Adelaide</a> Image credits: Getty Images This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/the-rental-housing-crisis-is-hurting-our-most-vulnerable-and-demands-a-range-of-solutions-but-capping-rents-isnt-one-of-them-211275">original article</a>.

Real Estate

Peter Stefanovic and Sylvia Jeffreys list multimillion-dollar home

TV presenter power couple Peter Stefanovic and Sylvia Jeffreys have listed their Double Bay terrace for sale. The couple placed their home on the market for $4.5 million, as they start the search for a bigger and better family home for them and their two sons. The four-bedroom terrace with two-and-a-half bathrooms in Epping Rd is scheduled to go under the hammer on August 22nd with a $4.5m price guide via Oliver Lavers of The Rubinstein Group. Stefanovic, a co-host of First Edition on Sky News Australia, and Jeffreys, co-host of Today Extra on Channel 9, had bought the home on a 186 sqm block for $2.7m in 2016. In their seven years at the home, the couple have made a range of improvements including adding off-street parking, and created an impressive outdoor entertainment area with inbuilt seating and barbecue in the rear courtyard. The impressive property boasts open plan living areas, polished timber floors, marble finishes in the kitchen, and underfloor heating in the bathrooms. Two master-sized bedrooms open to balconies, alongside a third on the upper floor, and a versatile fourth bedroom could serve as an office. The couple met in 2014 when they were both colleagues at Channel Nine - she was working on The Today Show while he was a foreign correspondent for Nine News, and they bumped into each other in the station’s carpark. Two years later in 2016, Stefanovic popped the question in a French vineyard, and they were married the following year in Kangaroo Valley. The couple have two sons - Oscar, who was born in early 2020 and Henry, who arrived a little more than a year later. With their sons growing up and needing more space, the family are looking for a bigger home in Sydney’s eastern suburbs. Image credits: realestate.com.au / Instagram

Real Estate

Outrage after renters confronted with cleaning “scoring system”

An Australian real estate agent has come under fire for their “demoralising” scoring system for tenants during routine inspections. One fired up renter said they were shocked to receive a scorecard from the agent after they complied with an inspection, and shared their feedback on Reddit. The scorecard rated the tenant’s efforts cleaning the property in 17 different rooms and areas, marking them on cleanliness, and if the areas were damaged or required maintenance. The renter was then also given an overall rating out of five stars, based on the upkeep of their rental home. The Reddit user showed that they received just three and half stars, despite being marked down in only one area due to a light globe not working. In their post, the tenant said they had made every effort to clean the home, adding that the rating was “demoralising”. “I’ve been renting a long time, and my deep cleaning routine is based around inspections,” they explained. “I go all out - every room in my little 3x2 villa is given a spring clean, every surface is washed including walls, doors, lights, windows, carpets etc.” “Had my latest inspection a few weeks ago and just received the report. Despite the agent commenting once again that she never sees houses as clean as mine, and taking 112 (!) photos of every single thing that shows how great the condition of the house is - having one light globe not working is so terrible that I’m scored three and a half out of five.” The renter went on to say that they had only recently discovered that the broken light globe was the real estate’s responsibility to replace, and does not warrant such a severe marking down in their “score”. “The globe in question is a downlight fitting. We have so many downlights that I don’t even use this particular one,” they continued. “I can’t replace the globe itself, I need to get into the roof to replace the whole unit. Thanks to people here I’ve learned this isn’t even my responsibility to fix!” The renter’s post sparked a huge outrage online, with many up in arms over the current state of the rental market and unrealistic expectations of estate agents. One person said, “I fully believe that the average renter keeps a home to a higher standard than an owner, and it seems deliberately demoralising that someone could be marked down for having a light out.” Another added, “This is ridiculously petty, and more importantly, totally irrelevant to the purpose of a periodic inspection. Which is to identify whether any maintenance is needed.” A third person took their anger out on the entire system, summing it up by writing, “I sort of wonder what little lightbulb clicks in your mind and you wake up one day and ask yourself, ‘How can I be a massive c*** who offers no value to society? I know! I will get into real estate.’” Image credits: Getty Images / Reddit

Real Estate

Ricky Ponting sells long-time beachside mansion

Cricket star Ricky Ponting and wife Rianna have sold their breathtaking beachside property. The 1920s Brighton trophy home was listed in May and is believed to have sold within the range of the $14.8 million-$16 million price guide. The former Aussie cricket captain, who’s currently trading barbs with Kevin Pietersen after Australia emerged victorious in a <a href="https://www.oversixty.com.au/news/news/ice-in-his-veins-stunning-result-in-first-ashes-test" target="_blank" rel="noopener">stunning first Ashes Test</a>, obtained the sale through Forbes Global’s Mike Gibson in partnership with Andrew Smith of BuyerX. Gibson said it was the second property that his firm had sold in Brighton's golden mile, with another eight-figure sale at 12 Dudley St. The Herald Sun understands that the home went for more than $20 million. “It’s very interesting that both properties sold to local families,” Gibson said. “Brighton people love their suburb.” The two top-end sales in the affluent Bayside port were indicative of the market’s strength. “That market is alive and well,” Gibson said. However, he did highlight there would be lesser options for sellers as premier listings dropped away for winter. According to PropTrack records, the Pontings bought the seven-bedroom Brighton home for $9.25 million in 2013. “We’re thrilled with the sale of our house, especially to such a lovely family,” the couple told AFR. “It’s a beautiful family home, and we hope they love living here as much as we do.” The sales comes as the pair purchased a $20 million property in Toorak to be closer to their three children’s sporting activities. What drew the Pontings to the suburb was proximity to friends, including former teammate and longtime Brighton resident the late Shane Warne. Ricky retired from full-time cricket in 2012 and soon after sold the family home in Sydney’s Sutherland Shire and went down to settle in Melbourne’s Bayside area. “Landmark residences like this, especially in such a recognised blue-chip address, have a really broad appeal,” Gibson said of the home when it was listed. “Shandford is already one of Brighton’s landmarks but it could evolve from here to become one of Australia’s true residential trophies.” Although the Ponting’s next home in Toorak is smaller than the grand Shandford, it still covers an expansive 1,900 sqm of land. The dimensions and historic detailing are what makes Ponting’s former Brighton home one of the most significant in the neighbourhood. Beyond the elaborate foyer, it includes formal rooms, a timber-panelled study, a modern kitchen with a butler’s pantry and a mammoth home cinema. Outdoors showcase a full-sized tennis court, pool and private laneway to the beach. The Pontings also own a stunning weekender in Portsea, which they bought in 2019 for $3.52 million. Image credit: Getty/Realestate.com.au

Real Estate

“My sex statue is famous”: Larry Emdur reacts to X-rated home reveal

The Morning Show host Larry Emdur has been making a name for himself in the world of game show TV for a few years hosting The Chase Australia, but despite his success, he’s still had his sights set on one more goal: making an appearance on the Have You Been Paying Attention? series. And now, it seems like Larry’s dream has come true, though not exactly in the way he might have expected. The popular host and his wife, Sylvie, have had their hands full recently trying to sell their Kangaroo Valley retreat, better known as Sky Ridge. And while pictures of the property and its picturesque surrounds are available thanks to Belle Property, it wasn’t the property’s luxury four bedrooms or sweeping views that saw it get a mention on the Channel 10 game show. Instead, it was a statue situated in the home’s main living space that caught their attention, with Have You Been Paying Attention? host Tom Gleisner asking his panel if they knew why Larry’s holiday home had gone viral throughout the week. Ed Kavalee was quick to suggest that it was because “the price was right”, while Sam Pang asked if it was because “it has to do with the backyard, they found a shallow grave?” Kavalee eventually got to the right answer, revealing that “there was, like, a pornographic statue in there.” The statue in question could be found perched on top of Larry’s dining room table, and appeared to catch two people caught up in the moment having “X-rated raunchy sex”, as Larry himself put it. The HYBPA? audience found it hilarious, and thankfully, Larry was more than happy to see the funny side of it all, too. Taking to social media after learning about his unexpected cameo, Larry shared that he’d “always wanted to be on Have You Been Paying Attention? but not for a disgraceful reason like this.” “My sex statue is famous,” he added, before sharing details of the property and that “YES !!!! The Price is Right”. <blockquote class="instagram-media" style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/reel/CttOo9pByBy/?utm_source=ig_embed&utm_campaign=loading" data-instgrm-version="14"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"> </div> </div> </div> <div style="padding: 19% 0;"> </div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"> </div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <div style="padding: 12.5% 0;"> </div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"> <div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"> </div> <div style="background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"> </div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"> </div> </div> <div style="margin-left: 8px;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"> </div> <div style="width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);"> </div> </div> <div style="margin-left: auto;"> <div style="width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"> </div> <div style="background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"> </div> <div style="width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"> </div> </div> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"> </div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" href="https://www.instagram.com/reel/CttOo9pByBy/?utm_source=ig_embed&utm_campaign=loading" target="_blank" rel="noopener">A post shared by @larryemdur</a> </div> </blockquote> Larry’s fans raced to express their amusement, with dozens sharing laughing emojis, while others assured him that the feature piece was certainly “a work of art”. “Love a good conversation piece,” one user said. “It’s…… unique,” another added. “Can’t stand that show,” one confessed. “But at least this time they are talking about something interesting”. And one other agreed that it had been “so funny”, noting that it was also a “nice house”, but that most importantly, they were sorry you weren't nominated for a gold logie, you sure deserved it”. Images: realestate.com.au, Getty

Real Estate

Man living in a tent after partner “gave up” on Covid restrictions

A hyper-vigilant man has resorted to living in a “pressurised” tent in a garage to avoid contracting Covid, after his girlfriend relaxed about restrictions. The Aussie man named Jason, who is a self-proclaimed “Covid education activist” caused a stir online after he posted a photo of his unusual sleeping arrangements. The now-viral post shared by Jason featured a picture of the peculiar tent he claims to be sleeping in, with an air purifier sticking out of the door, igniting a firestorm of reactions on Twitter, ranging from agreeance, to humour, to concern. Despite the media storm, Jason defended his decision to maintain strict pandemic precautions, despite never having contracted Covid-19. “This is my bed in the garage because my partner has dropped precautions. I take precautions 100 per cent of the time. Don’t tell me that this hasn’t upended every f**king second of my life,” Jason declared in his original post, which included the image of his extraordinary sleeping arrangement. Taking his precautions to the next level, Jason also revealed that he has experimented with sleeping in a face mask, but he admitted that he found it uncomfortable and could not sleep properly with it. “I’ve tried to sleep in a mask, and I can’t. I know people sleep in CPAP masks all the time, so it’s possible, but I can’t do it,” he shared on Twitter. Despite the flurry of reactions to Jason’s living arrangement, he did receive some support for his precautionary measures, while some even suggested Jason leave his partner, to which he admitted the thought “had occurred to me”. Another Twitter user commended the tent and air filter idea, considering it a cost-effective and potentially effective solution to avoid contracting Covid. “I like the tent+filter idea. It’s cheap and should be effective,” another agreed. A few people shared that they empathised with Jason, and are also maintaining strict pandemic precautions. One person wrote, “Initially didn’t think much of the pic, but this is infuriating. I spend all my salary in-flo mask, enovid (antiviral nasal spray), no social life, so yes, I take precautions 100 per cent of the time.” “I’m sorry you have to live like this. I no longer see my family since they stopped masking,” another added. However, not everyone empathised with Jason’s living arrangements, saying he was being unrealistic about the future of Covid. “I work in senior living, and in the two years we’ve been open, we’ve lost zero to Covid. Even the (85-year-olds) getting it now are mild cases. Why? They’re boosted, so they don’t panic or sleep in a garage,” one commenter explained. “The vaccine is meant to enable you to live normally without worrying. Covid is endemic, so you will be in the tent for the rest of your life, lol.” posted another. In response to the viral post, one Twitter user humorously remarked, “We’re a few years away from a really good documentary on how this virus broke people’s brains.” Image credits: Getty Images / Twitter

Real Estate

Derelict Sydney home sells for millions

A Sydney house dubbed “unliveable” has defied odds as it sold for $3.1 million after two couples submitted proposals prior to auction. The property on Vaughan Place in Redfern East is severely overgrown with plants and basic brick walls inside which appear to be covered in mould and rust. Shannan Whitney from BresicWhitney real estate told 9news.com.au that the couple who bought it were young and already homeowners. He said the vendors were satisfied with the final price of just over $3 million after it was initially listed for $2.5 million. "We were cautious about the conditions," Whitney explained when discussing the initial price guide. "We thought we were very sensible in terms of how the market might respond to an unliveable house, the high-interest rates and the high capital costs to turn it into a liveable existence.” "So yes, we thought that a $3 million-plus outcome was very pleasing all things considered.” He added that a project like this — clearly needing a lot of TLC — is not for the faint-hearted. Domain described the property as a "rare opportunity to build new residence”. It was designed and built in 1985 for prolific Aussie artist Peter Powidge who was at the forefront of Australian pop art in the 60s and 70s. The abandoned home sits across a double 270 sqm block and includes off-street parking. Image credit: REA Group

Real Estate

Amanda Keller snaps up multi-million dollar townhouse

Australian radio and TV presenter Amanda Keller has snapped up a townhouse in Sydney’s Newtown area with husband Harley Oliver. The property set them back $1.923 million, a hefty price tag that likely had a lot to do with its sought after location just steps from the busy Enmore Road. It boasts a modern warehouse-style appearance, with two levels that contain three bedrooms - one with its own built-in wardrobe and balcony - and an additional 47 sq m for garage space. However, the home’s title declares a total of 343 sq m, as it also includes a garden courtyard. Described as being at the back of “a whisper-quiet complex”, the townhouse is one of four, and features polished concrete floors throughout, an open plan living space with bifolds onto a paved courtyard, a renovated laundry, and high ceiling with exposed beams. “The combination of quality modern comforts and generous proportions offers an unsurpassed standard of living,” its listing read. It was listed through Adrian William Real Estate’s Adrian Tsavalas and Kate Ferrante, and was the first time the house had been on the market since 2013, when it sold for less than half of its 2023 price at $870,000. The median price of a three-bedroom home in Newtown has been tracked by PopTrack as $1.876, while in July 2022, it was at a high of $1.95 million. Keller and Oliver reportedly snapped up their latest property as an investment, though there is currently no evidence that it is being advertised on any rental website. The couple - who have been married since 1990 - are no strangers to Sydney real estate, having lived in Coogee for over two decades after making a move from the northern beaches. They’ve made their fair share of changes to their home in that time, submitting four different development applications for the likes of a pool and a ‘vergola’. According to CoreData, they bought that long-term home in 2001 for $900,000, while prices now average at around $2.615 million in the suburb. They also own a property in the South Coast at Culburra Beach, and paid only slightly less for it - $1.475 million - than their lavish Newtown buy. Images: realestate.com.au, Getty

Real Estate

Sweet reason for Ray Hadley's big property purchase

2GB broadcaster Ray Hadley has purchased a stunning Central Coast property with his wife, Sophie. The seaside retreat is situated on the Bouddi Peninsula in New South Wales, right on the water’s edge of Pretty Beach, and boasts impressive views across Brisbane Water - views that a balcony accessed by the living, kitchen, and dining space makes the most of. The property has five bedrooms, allowing plenty of space for Hadley and Sophie to host their visiting family members - and most importantly, their grandkids. Hadley, who currently resides in the northwest of Sydney, has four children with five grandchildren from them. And, in happy news for the family, another on the way. He regularly provides his radio listeners with updates on the growing brood, with a focus on the youngest generation - all of them five and under - who mean the entire world to him. As he told 9Honey, “before I had grandkids five years ago, mates would say, 'you won't believe the difference it makes' ... it's basically changed my life. "Five years ago I had none, now I've got five and another one on the way. They basically are my life. "I just adore them, every one of them, and they've all got different personalities, they're all different people.” He went on to share that the youngest is learning to walk and talk, while the others are prepping for school, with his eldest granddaughter even going so far as to ask him not to work, and to instead come along for her first ever school drop-off. “Just the fact that she asked me to do it made me feel 10-foot tall,” he shared. And the new property will give him the chance to spend more time with them, serving as a midway point for sleepovers, after years of the radio host travelling up the M1 from Sydney to be with them. It isn’t the first time Hadley has dipped his toes into the real estate market, either, with the 68 year old having downsized from his acreage after he turned 66, moving for the first time since the mid-1990s. The home isn’t even his first coastal retreat, with Hadley having snapped up a property on the Gold Coast in 2016, and planning to make an upgrade once again at Main Beach. Though for the time being, he may be a little busy settling into his new home, and maybe even treating himself and Sophie to a night out at their friend John Singleton’s nearby eatery. Images: realestate.com.au, Getty

Real Estate

All-electric homes are better for your hip pocket and the planet. Here’s how governments can help us get off gas

<a href="https://theconversation.com/profiles/esther-suckling-1220357">Esther Suckling</a>, <a href="https://theconversation.com/institutions/grattan-institute-1168">Grattan Institute</a> If every Australian household that uses gas went all-electric today, we would “save” more than 30 million tonnes of carbon dioxide emissions over the next ten years. That’s because there are more than <a href="https://www.energynetworks.com.au/resources/fact-sheets/reliable-and-clean-gas-for-australian-homes-2/">5 million households</a> on the gas network, and the <a href="https://grattan.edu.au/report/getting-off-gas">avoided emissions per home</a> ranges from 5-25 tonnes over the coming decade, depending on the location. Most people would spend less money on energy too. Electric appliances use less energy than gas appliances to do the same job, making them cheaper to run. Our <a href="https://grattan.edu.au/report/getting-off-gas">new report</a> shows how much most households can save by switching from gas to electricity for heating, hot water and cooking. The extra cash couldn’t come at a better time: about <a href="https://www.rmit.edu.au/news/all-news/2023/may/hidden-energy-poverty">a quarter of Australian households</a> say they found it difficult to pay their energy bills this year. But many households face hurdles that stop them, or make it hard for them, to go all-electric. Governments could make it easier for people and bring emissions-reduction targets closer to reality. <h2>Most households save by upgrading to electric</h2> <figure class="align-center zoomable"><a href="https://images.theconversation.com/files/532139/original/file-20230615-29-h20bv5.png?ixlib=rb-1.1.0&q=45&auto=format&w=1000&fit=clip"><img src="https://images.theconversation.com/files/532139/original/file-20230615-29-h20bv5.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&fit=clip" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px" srcset="https://images.theconversation.com/files/532139/original/file-20230615-29-h20bv5.png?ixlib=rb-1.1.0&q=45&auto=format&w=600&h=393&fit=crop&dpr=1 600w, https://images.theconversation.com/files/532139/original/file-20230615-29-h20bv5.png?ixlib=rb-1.1.0&q=30&auto=format&w=600&h=393&fit=crop&dpr=2 1200w, https://images.theconversation.com/files/532139/original/file-20230615-29-h20bv5.png?ixlib=rb-1.1.0&q=15&auto=format&w=600&h=393&fit=crop&dpr=3 1800w, https://images.theconversation.com/files/532139/original/file-20230615-29-h20bv5.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&h=493&fit=crop&dpr=1 754w, https://images.theconversation.com/files/532139/original/file-20230615-29-h20bv5.png?ixlib=rb-1.1.0&q=30&auto=format&w=754&h=493&fit=crop&dpr=2 1508w, https://images.theconversation.com/files/532139/original/file-20230615-29-h20bv5.png?ixlib=rb-1.1.0&q=15&auto=format&w=754&h=493&fit=crop&dpr=3 2262w" alt="A chart showing estimated savings for each household switching from gas to electricity, over 10 years, in each capital city" /></a><figcaption>Over 10 years, the estimated savings for each household switching from gas to electricity range up to $13,900 in Melbourne. It’s a flat $3,890 figure for Brisbane, rather than a range, because there’s no gas heating. Grattan Institute, Author provided</figcaption></figure> Households in Melbourne tend to use more gas than those in other mainland capitals, mainly because the winter is so cold. Our report found Melburnians who replace broken gas appliances with electric ones, or move into an all-electric home, could save up to A$13,900 over ten years. Households with rooftop solar will save even more. It’s a similar story in most parts of Australia except the west, where gas is relatively cheap. This mainly reflects differences in the historical development of the gas markets between the west and east coasts. Getting off gas could also be <a href="https://www1.racgp.org.au/ajgp/2022/december/health-risks-from-indoor-gas-appliances">good for your health</a>. Several studies link cooking with gas to <a href="https://www.nationalasthma.org.au/living-with-asthma/resources/patients-carers/factsheets/gas-stoves-and-asthma-in-children">childhood asthma</a>. <h2>Households face a series of hurdles</h2> Renters make up nearly a third of all households, and they have little or no control over the appliances that are installed. As most electric appliances cost more to buy than gas ones – and the subsequent bill savings flow to tenants – landlords have little incentive to upgrade their properties from gas to all-electric. Apartment living can increase the level of complexity. Multi-unit dwellings often bundle gas bills into body-corporate fees, limiting the occupants’ incentive to go all-electric. There can also be space constraints in these buildings. Centralised electric heat pumps, for example, take up more space than centralised gas water heaters. Then there are households that simply can’t afford the upgrade. Induction stoves and heat pumps are more expensive than their gas equivalents, by up to a combined $2,000. This initial outlay will soon be recovered by cheaper energy bills, but that doesn’t help households that don’t have the cash up front. The <a href="https://melbourneinstitute.unimelb.edu.au/data/taking-the-pulse-of-the-nation-2022/2023/energy-poverty">12% of households that skipped meals</a> to pay their energy bills in the past year are the most likely to remain locked into high gas bills. Some people also simply prefer cooking with gas. Some think induction cooktops will be no better than the poor-performing electric cooktops they may have used in the distant past. Others haven’t ever heard of a heat pump for hot water. <h2>Here’s how governments can help</h2> Governments, both state and federal, should lower the hurdles on the path to all-electric homes -– to reduce people’s cost of living and to cut carbon emissions. As a first step, state governments should ban new gas connections to homes. In 2021, more than 70,000 households joined the gas network. Trying to shift households off gas while allowing new connections is like pouring water into a bucket with a hole. Then, governments should provide landlords with tax write-offs on new induction stoves and heat pumps for hot water, for a limited time. After that, they should require every rental property to be all-electric. Governments should pay to upgrade public housing to all-electric, where they are the landlords. And they should pay not-for-profits managing community housing to do the same. The federal government should help all households to spread the cost of electric appliances over time. It should subsidise banks to offer low-interest loans for home electrification, via the Clean Energy Finance Corporation. And governments should set out to change people’s preferences, from gas to electric. They should embark on a multi-decade communication campaign, not unlike the campaign to upgrade from analogue to digital television in the early 2000s. A key challenge will be shifting people’s ideas about the best way to cook. There are precedents. In Gininderry, a new all-electric suburb of Canberra, one developer recruited chefs to run demonstrations on induction cooktops at the display village. The proportion of potential homebuyers <a href="https://ginninderry.com/wp-content/uploads/2021/08/Ginninderry-2017-Householder-Attitudes-to-Residential-Renewable-Energy-Futures.pdf">willing to consider buying an all-electric home</a> rose from 67% to 88%. <figure><iframe src="https://www.youtube.com/embed/K9ytSh5TM9M?wmode=transparent&start=0" width="440" height="260" frameborder="0" allowfullscreen="allowfullscreen"></iframe><figcaption>Induction cooking with Chef David Wei at Ginninderry.</figcaption></figure> <h2>‘Green gas’ is no panacea: electricity is cheaper</h2> <figure class="align-center zoomable"><a href="https://images.theconversation.com/files/532117/original/file-20230615-23-n0wdqe.png?ixlib=rb-1.1.0&q=45&auto=format&w=1000&fit=clip"><img src="https://images.theconversation.com/files/532117/original/file-20230615-23-n0wdqe.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&fit=clip" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px" srcset="https://images.theconversation.com/files/532117/original/file-20230615-23-n0wdqe.png?ixlib=rb-1.1.0&q=45&auto=format&w=600&h=572&fit=crop&dpr=1 600w, https://images.theconversation.com/files/532117/original/file-20230615-23-n0wdqe.png?ixlib=rb-1.1.0&q=30&auto=format&w=600&h=572&fit=crop&dpr=2 1200w, https://images.theconversation.com/files/532117/original/file-20230615-23-n0wdqe.png?ixlib=rb-1.1.0&q=15&auto=format&w=600&h=572&fit=crop&dpr=3 1800w, https://images.theconversation.com/files/532117/original/file-20230615-23-n0wdqe.png?ixlib=rb-1.1.0&q=45&auto=format&w=754&h=719&fit=crop&dpr=1 754w, https://images.theconversation.com/files/532117/original/file-20230615-23-n0wdqe.png?ixlib=rb-1.1.0&q=30&auto=format&w=754&h=719&fit=crop&dpr=2 1508w, https://images.theconversation.com/files/532117/original/file-20230615-23-n0wdqe.png?ixlib=rb-1.1.0&q=15&auto=format&w=754&h=719&fit=crop&dpr=3 2262w" alt="Chart comparing the cost of hydrogen to electricity over time, showing hydrogen is more expensive and will remain so for decades" /></a><figcaption>Hydrogen is more expensive than electricity and will remain so for decades. Grattan Institute, Author provided</figcaption></figure> The gas industry has another solution in mind: instead of switching from gas to electricity, it suggests using “green gas” -– biomethane or “green” hydrogen. Biomethane is chemically identical to natural gas, but is derived from biological materials such as food waste, sewage or agricultural waste. Green hydrogen is made by using electricity to split water into hydrogen and oxygen. But both options are <a href="https://theconversation.com/hydrogen-where-is-low-carbon-fuel-most-useful-for-decarbonisation-147696">too expensive and too far away</a>. Under the most generous of assumptions, green hydrogen will only become cost-competitive with electricity after 2045. And there is not enough biomethane commercially available to replace gas in households. Meanwhile, more than three million Australian homes already run on electricity alone. Getting the five million homes that use gas to the same point won’t be easy. But with good policy, it is doable. For households, and the climate, there is much to be gained.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/207409/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> <a href="https://theconversation.com/profiles/esther-suckling-1220357">Esther Suckling</a>, Research Associate, <a href="https://theconversation.com/institutions/grattan-institute-1168">Grattan Institute</a> This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/all-electric-homes-are-better-for-your-hip-pocket-and-the-planet-heres-how-governments-can-help-us-get-off-gas-207409">original article</a>. Images: Getty

Real Estate

$35,000 home comes with a catch

Etsy is an online marketplace best known for its handmade trinkets and creative wares, but now, the site has decided to broaden its horizons and try its hand at selling houses too. A new listing from the ‘store’ Modular Home Direct is offering eager homeowners and passionate crafters the chance to own a 432-square-foot tiny house for just $35,306.09 ($22,896 USD). However, the property comes with a catch: its loving owner must construct it by themselves. The listing’s description declares it to be a “beautiful modern low cost home” that comes with “doors, windows, insulated wall panels, flooring, baseboard trims, drywall, insulated roof, plumbing and electrical hook ups”. Furniture, however, was not included. According to the American real-estate company Zillow, the home’s asking price of $22,896 USD is less than one tenth of the average cost of a home in the United States (~$346,270 USD). The flatpack property is manufactured by Modular Home Direct, the same company behind the listing, and features all the key necessities in a tiny home as well as a few bonuses - a bedroom, a bathroom, a kitchen, a living room, loft, and even front and rear porches. And for anyone looking to take on the challenge - though the offering is limited to the United States due to shipping logistics - there are a few things to consider. For as well as the base construction, the home will also require the installation of electricity and plumbing. According to the Daily Mail, the US-based property site Home Advisor has estimated that these costs would see potential owners forking out anywhere between $550 to $2,3000 USD on just the property’s electrical wiring, while plumbing could start at around $360 and could reach up to $2,000. Modular Home Direct aren’t the first to try and capitalise on the growing tiny house movement, as people all over the world seek alternative housing options as real estate prices continue to soar. And while some online weren’t thrilled with the idea, others were onboard, though most seemed to agree that the price was too good to be true, and likely would increase as more costs came to light. “The cost of materials in a house is much less than the ground it sits on,” a Daily Mail reader said. “By the time you buy the land, go through the permitting process, bring utilities in.. the cost gets closer to an established home.” “They have an interesting website, if you're handy it could be a diy project. My brother in law has a diy log cabin, family pitched in to build it, it's very nice,” one shared. “I think my husband and I could build this. We both know electrical and plumbing... only bump would be the heat pump”. “You have to buy the land, buy the house, put the house together (or pay someone to put it together), and pay someone to hook up the electricity and water. You'd probably have to pay for building permits and inspections,” someone said, before noting that “so once you've done all that, it would probably be easier just to buy a move-in ready house.” And as another wrote, “like everything else meant to be affordable, it will soon cost $109K when it catches on.” Images: Etsy

Real Estate

Rod Stewart lists $105 million LA mansion

Legendary rocker Rod Stewart has put his mega mansion on the market. The listing comes just days after the star’s former Malibu home was listed for an asking price of $49.5m (AU$74.2m), with the Wall Street Journal first reporting his current Los Angeles compound is asking for $70m (AU$105m). With a European style, situated in the gated enclave of North Beverly Park, the property spans 3,065 sqm with a pool and a soccer field. Although a soccer field is a rarity in LA, it’s no surprise Stewart, 78, is an avid soccer fan. The 78-year-old was even spotted in Malibu playing football with the Scottish national team on the beach after inviting them to play there. The Journal noted that according to sales records, Stewart purchased the property in 1991 for $12,08m. He also owns a home in Palm Beach, Florida. Images of the home showcase Old World-style finishes such as ceiling mouldings and medallions, Corinthian columns, crystal chandeliers and stunning marble floors in various patterns. The main house boasts nine bedrooms, one being the primary suite with a sitting room and a terrace that looks over the pool. The main wardrobe is also found in the primary suite — one large enough to store the rocker’s massive show collection. Elsewhere offers entertaining areas, including a flashy speak-easy with eye-catching jade green-painted walls. A main-floor great room showcases a bar and a loggia to spend time with guests outdoors. The listing also includes a three-stories-tall guest house with two gyms. Michelle Oliver of Douglas Elliman has the listing and declined to reveal why the British icon has decided to sell. She noted it is suitable for owners who are seeking “a return to maximalism” and for “something that looks different and stands out.” Image credit: Getty / Realtor.com

Real Estate

Prince Andrew “terrified” to leave Royal Lodge amid eviction rumours

Prince Andrew is refusing to exit his royal residence as renovations are carried out on the Windsor property, despite advice to the contrary. According to The Daily Mail, the 63-year-old is putting his foot down over fears that he “might never get back in”, likely in response to circulating rumours that his brother - King Charles - wants to evict Andrew from the home as part of his grand plan to scale back the monarchy. While Andrew no longer holds any official royal duty after his involvement in the Jeffrey Epstein scandal, he still maintains his claim on the mansion with his ex-wife, Sarah Ferguson. And now, that same property is set to become “virtually a building site”, with Andrew having hired builders to undertake necessary repair work on the property, tackling everything from damp to mould. As a source told Page Six, Andrew was reportedly advised to vacate “while work was undertaken” over the course of a few months, “but he’s refused because he’s so terrified that the property might be seized in his absence. “In the meantime, Harry and Meghan vacated Frogmore after being told they needed to leave to make way for Andrew but he is refusing to go there, even though he was given the keys. “He’s allowing Eugenie to stay there. She’s just given birth to her second child so while she recovers and gets back on her feet, she’s staying in Frogmore to be near her mum and dad.” And while some believe the temporary move would make sense for Andrew, his fears remain at the forefront. “It’s become farcical,' an insider told The Daily Mail. “Andrew has roof repairs scheduled later this summer which will take several months to complete and has been advised that staying in the house during those renovations could prove problematic. But he is reluctant to leave.” Buckingham Palace has yet to comment on the rumours, but another source is adamant that the Duke of York will remain in the property, <a href="post.php?post=134779&action=edit&classic-editor">regardless of alleged drama and financial woes</a>. As Page Six noted, Andrew has been making the most of money left to him by the late Queen Elizabeth to fix up the house, with one source explaining that “he’s been quite open about where the money has come from because he doesn’t want people to think he’s come up with it through other means. “The costs are expected to reach into the hundreds of thousands of pounds.” And, as they surmised, Andrew “is adamant that he will see out the end of his [75-year] lease at Royal Lodge.” Images: Getty

Real Estate

Billy Joel lists New York estate for $73 million

Legendary rocker Billy Joel is <a href="https://www.oversixty.com.au/entertainment/music/billy-joel-in-tears-over-career-announcement" target="_blank" rel="noopener">saying goodbye to The Big Apple</a> as he prepares to sell his jaw-dropping estate. The New York native’s property on the affluent Oyster Bay Harbour has a price guide of a staggering US$49 million (AU$73.4 million). According to the Wall Street Journal, the 26-acre estate comprises the original 14-acre property Joel bought for $22.5 million in 2002 and the adjoining area he’s purchased over the years. The property covers more than 600m of frontage on Centre Island, with the focal point of the estate being the 1,858 sqm main house with breathtaking water views. The home includes five bedrooms, six bathrooms, two half-baths, a playroom, a spa and hair salon, a bowling alley, and a wine centre. There is also an indoor pool, which the Piano Man singer has covered up to use as a music room as it offers fantastic acoustics, according to listing agent Bonnie Williamson, of Daniel Gale Sotheby’s International Realty. Parts of the main house are under renovation and are expected to be finished over the next several months. The magnificent estate also has a three-bedroom beach house, a three-bedroom guest apartment, and a four-bedroom gatehouse. Other amenities include a floating dock and boat ramp, two outdoor pools, and a helicopter pad. Image credit: Getty / Realestate.com.au

Real Estate

Grandparents to the rescue in the face of soaring rents

As the cost of living in Australia continues to rise, taking rental and property prices up with it, younger generations are facing a whole new host of challenges when it comes to putting a roof over their heads. But for one woman from New South Wales’ Blue Mountains region, the answer lay closer than she ever could have anticipated. As 24-year-old Isis Pattison told ABC’s Hack, she had been looking for an affordable rental in her local area for months when she lost track of how many applications she’d submitted, and the entire ordeal had become “ridiculous” - until she’d taken her grandmother, Debbie, along with her. Debbie explained that her granddaughter had been looking at a yurt that “was round and connected by a little pathway. And they wanted $370 a week for it”, and that she had been shocked by the cost. Her solution? Offering Isis a place in her own home, so that she could “save that $370”. And Isis’ financial boost wasn’t the only benefit to come of the whole arrangement, with Debbie noting that she’d “been on my own now for nearly eight years. It’s been very lonely and expensive on my own.” She’d been hit hard by the cost of living crisis too, she revealed, admitting that she had been struggling to make ends meet between bills and essential home items, including everything from food to electricity and heating. At the worst of it all, the grandmother had even feared she may have to sell the home she’d been making for herself since 1981. But things had picked up for Debbie with the arrival of her new roommate, as while Isis wasn’t paying rent at her grandmother’s, she was helping out with the bills, paying half. “It's a big help,” Debbie said. “I'm grateful and happy that she's here. I think my standard of living is a little bit better. I've got the heating on now.” For Isis, who intended to return to university and undertake a nursing degree, her grandmother’s generosity meant more than just extra dollars in her savings account, too. “I think it really works for us as well, because we’ve always just had a good connection,” she shared. “We understand each other, which makes it a lot easier.” And they aren’t the only ones who’ve turned to multigenerational living to combat the crisis, with the University of New South Wales’ Edgar Liu revealing that “one in every five people” have returned home since the COVID pandemic swept the country. Unsurprisingly, the most common reasons behind the moves were the cost of living and related finance woes. As Liu explained, “that encompasses a whole range of things from sharing bills, or finding better value and sharing costs." Images: Getty

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