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Don Bradman's private retreat hits the market

<p><span style="font-weight: 400;">A home once owned by renowned cricketer Sir Donald Bradman is on the market following his daughter-in-law’s decision to sell.</span></p> <p><span style="font-weight: 400;">The property has been listed with a price guide of $1.95 million.</span></p> <p><span style="font-weight: 400;">Bradman first bought the home in Adelaide Hills 62 years ago with his son John, who changed his last name to Bradsen to avoid unwanted attention.</span></p> <p><span style="font-weight: 400;">John’s former wife, Judith, has lived there for the past 27 years.</span></p> <p><img style="width: 500px; height:281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7844909/bradman9.jpg" alt="" data-udi="umb://media/a91958992cda4f46a6b284d34226ed05" /></p> <p><em><span style="font-weight: 400;">The original certificate of title signed by Sir Donald Bradman. Image: Raine &amp; Horne Strathalbyn</span></em></p> <p><span style="font-weight: 400;">“The press were always interested in Don, so this place provided a space where he could enjoy his family life without being observed,” Ms Bradsen </span><a href="https://www.realestate.com.au/news/bradmans-hills-haven-at-117-sheoak-rd-crafers-west-set-to-bowl-market-over/"><span style="font-weight: 400;">said</span></a><span style="font-weight: 400;">.</span></p> <p><span style="font-weight: 400;">“He could just be himself here because when we dined out people would always approach him. Nobody knew he owned it, nobody. Only very close family friends of Don and then John and mine enjoyed the property.”</span></p> <p><span style="font-weight: 400;">Ms Bradsen said her father-in-law would often spend time at the property enjoying the outdoors and doing maintenance work.</span></p> <p><span style="font-weight: 400;">“In the early days, he would come up here often,” she said.</span></p> <p><span style="font-weight: 400;">“He spent a lot of time clearing the woody weeds and he enjoyed the odd bonfire.</span></p> <p><span style="font-weight: 400;">“He had a fire get away from him once in the valley. We would joke about it later, and I’m not sure if the CFS was called or not back in the day.</span></p> <p><span style="font-weight: 400;">The property, known as Glenquarry Farm, sits on a whopping 8.893-hectare allotment, and is believed to have been built by a runaway from a British naval expedition in 1836.</span></p> <p><span style="font-weight: 400;">A four-bedroom freestanding home sits on the property, as well as outbuildings, a cellar, a studio, and a stable.</span></p> <p><span style="font-weight: 400;">The property also features a decommissioned Mt Lofty freestone quarry, extensive gardens, and a stretch of lawn well-suited to a game of cricket.</span></p> <p><span style="font-weight: 400;">Natural stone, slatted timber, and open fires are found throughout the home, which also includes a separate wing for guests and an undercover, gabled courtyard.</span></p> <p><span style="font-weight: 400;">The home has also seen several renovations over the years, with “The Don” playing his part.</span></p> <p><span style="font-weight: 400;">“Every time I paint I think of him telling me what to do because he was a keen painter,” Ms Bradsen said.</span></p> <p><span style="font-weight: 400;">“The simplicity of the house really reflects his tastes - the modesty of the cottage, I think he enjoyed.</span></p> <p><span style="font-weight: 400;">“He always had his own chair and he would sit on the verandah and watch everyone play, and our children climbed over him and loved him dearly.”</span></p> <p><span style="font-weight: 400;">Ms Bradsen has said it was time to move on to a new home after living alone at the property for many years, and hopes a new family can enjoy it.</span></p> <p><span style="font-weight: 400;">“I’m downsizing and I’d rather have this place enjoyed by more than just one person,” she said.</span></p> <p><span style="font-weight: 400;">Paul Clifford of Raine &amp; Horne Strathalbyn is managing the sale of the home, which has been described as a “unique and historic hideaway” according to </span><a href="https://www.raineandhorne.com.au/strathalbyn/properties/117-sheoak-road-crafers-west-5152-south-australia"><span style="font-weight: 400;">the listing</span></a><span style="font-weight: 400;">.</span></p> <p><em><span style="font-weight: 400;">Images: Getty Images, Raine &amp; Horne Strathalbyn</span></em></p>

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George Negus sells home for 3600 percent profit

<p><span style="font-weight: 400;">Television current affairs giant George Negus  has sold his home in Balmain East after owning it for 42 years.</span></p> <p><span style="font-weight: 400;">The terrace </span><a rel="noopener" href="https://www.realestate.com.au/news/real-estate-george-negus-sells-balmain-east-home-for-3600-per-cent-profit-crown-jewel-of-the-hawkesbury-river-for-sale/?rsf=syn:news:nca:news:spa:strap" target="_blank"><span style="font-weight: 400;">was sold</span></a><span style="font-weight: 400;"> by BresicWhitney agent Chris Nunn for an undisclosed price, though Mr Nunn gave a $2.6 million guidance. </span></p> <p><span style="font-weight: 400;">The 79-year-old first acquired the home in 1979 for $70,000, while he was still single and working on </span><em><span style="font-weight: 400;">60 Minutes</span></em><span style="font-weight: 400;">.</span></p> <p><span style="font-weight: 400;">However, the Brisbane-born journalist has spent most of his time on NSW’s North Coast from 1988, after he and his wife Kirsty Cockburn bought a 12-hectare property in Glennifer.</span></p> <p><span style="font-weight: 400;">The 124-square-metre terrace offers views of the water and CBD from the second level and includes three bedrooms and one bathroom.</span></p> <p><span style="font-weight: 400;">The ground floor opens up to a timber deck area with sandstone garden beds, and features a skylight over the living area that brightens the space.</span></p> <p><span style="font-weight: 400;">The home also includes a stone kitchen and contemporary bathroom, with </span><a rel="noopener" href="https://www.bresicwhitney.com.au/buy/6-william-street-balmain-east-27953?listing_type=buy&amp;search_type=sold&amp;suburb=balmain-east" target="_blank"><span style="font-weight: 400;">the listing</span></a><span style="font-weight: 400;"> describing it as having “potential for your own touches”.</span></p> <p><em><span style="font-weight: 400;">Images: Getty Images, BresicWhitney</span></em></p>

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Renée Zellweger sells sprawling Spanish Hacienda

<p><span style="font-weight: 400;">Actress Renée Zellweger is selling her private California ranch, prompting rumours she is making a sea change with her new beau.</span></p> <p><span style="font-weight: 400;">The </span><em><span style="font-weight: 400;">Bridget Jones</span></em><span style="font-weight: 400;"> and </span><em><span style="font-weight: 400;">Judy</span></em><span style="font-weight: 400;"> star has listed her 9-acre property for $USD 5,999,999 ($AUD 8,136,970), as </span><a rel="noopener" href="https://www.realtor.com/news/celebrity-real-estate/renee-zellweger-selling-her-haute-hacienda-in-topanga/" target="_blank"><span style="font-weight: 400;">reports</span></a><span style="font-weight: 400;"> of her romance with recently-divorced Ant Anstead have surfaced.</span></p> <p><span style="font-weight: 400;">Anstead recently purchased a home in Laguna Beach, where Zellweger had </span><a rel="noopener" href="https://people.com/home/renee-zellweger-selling-spanish-style-l-a-home-for-6m-amid-ant-anstead-romance/" target="_blank"><span style="font-weight: 400;">reportedly</span></a><span style="font-weight: 400;"> been spending “a lot of time” with the British actor, a source told </span><span style="font-weight: 400;">PEOPLE</span><span style="font-weight: 400;">.</span></p> <p><span style="font-weight: 400;">According to </span><a rel="noopener" href="https://www.realtor.com/realestateandhomes-detail/21540-Hillside-Dr_Topanga_CA_90290_M12624-99501" target="_blank"><span style="font-weight: 400;">the listing</span></a><span style="font-weight: 400;">, Zellweger has given her home a total, “down-to-the-studs” rebuild since purchasing it for $USD 3.35 million in 2015.</span></p> <p><span style="font-weight: 400;">Enclosed by private gates, the sprawling “authentic Spanish Hacienda” home boasts views of the Topanga and Malibu hills from nearly every room and is surrounded by wilderness.</span></p> <p><span style="font-weight: 400;">Inside, the home has four bedrooms, Venetian-plastered arches, three fireplaces, a media room, and a chef’s kitchen boasting top-of-the-line appliances.</span></p> <p><span style="font-weight: 400;">The 410-square-metre home also includes a lounge room that opens out to a pool and patio, and is floored with hardwood and Spanish tiles.</span></p> <p><span style="font-weight: 400;">The pool sits next to a spa tub and firepit in a large tiled area that offers a great spot for entertaining guests or soaking up the views.</span></p> <p><em><span style="font-weight: 400;">Images: Getty Images, realtor.com</span></em></p>

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Footy legend sells deluxe home for $9 million

<p dir="ltr">Footy star Shane Crawford and his partner Olivia Anderson have sold their home in Brighton, Victoria, after listing it last month.</p> <p dir="ltr">The four-bedroom house<span> </span><a rel="noopener" href="https://www.realestate.com.au/sold/property-house-vic-brighton-137066158" target="_blank">was listed</a><span> </span>with a price guide of $9 million to $9.9 million, more than 10 years after the couple bought it for $3.05 million.</p> <p dir="ltr">Industry sources told<span> </span><a rel="noopener" href="https://www.realestate.com.au/news/shane-crawford-olivia-anderson-sell-renovated-brighton-home/?rsf=syn:news:nca:hs:article" target="_blank"><em>realestate.com.au</em></a><span> </span>that the final selling price was “in the vicinity of $9 million”.</p> <p dir="ltr">The property attracted high-end buyers and a “couple of quite excited Hawks supporters” according to Fredman Property Group owner Joel Fredman.</p> <p dir="ltr">Eventually, a family with three kids looking to upsize from their current Brighton home purchased the property.</p> <p dir="ltr">Shane and Olivia completely renovated the home before the sale, but still maintained some traditional fittings.</p> <p dir="ltr">“There’s the richness of the original Victorian period features - the marble fireplaces, the ceiling roses, the lacework, the verandah,” Mr Fredman said.</p> <p dir="ltr">“The location is also so central to Brighton Grammar, Firbank Grammar and Bay Street. And there’s a reserve around the corner in Middle Crescent, which is a great place for families to be hanging out.”</p> <p dir="ltr">The family sold the property after purchasing a property in Northern New South Wales last year, with Shane intending to spend more time there with Olivia and their sons Charlie, Ben, Jack, and Harry.</p> <p dir="ltr">“Covid has brought a lot of change, and the family has made a sea change, so it’s a waste living in such a big house here,” Shane<span> </span><a rel="noopener" href="https://www.dailymail.co.uk/tvshowbiz/article-10081619/AFL-Hawthorn-great-Shane-Crawford-sells-Brighton-mansion-9million.html" target="_blank">said</a>.</p> <p dir="ltr">“We have had 12 amazing years there and restored it back to its prime,” Olivia said, adding that the time had come to “pass on our home for another family to enjoy”.</p> <p dir="ltr">“It’s the childhood home of the four boys, so it’s sad. But times have changed and we are so excited about the next chapter.”</p> <p dir="ltr">The 1887-property, called the ‘Ellesmere’, was once home to Thomas Wilson, the mayor of Brighton.</p> <p dir="ltr">Sitting on a 1477-square-metre lot, the property features a 20-metre pool, a tennis court, a gym, and a steam room.</p> <p dir="ltr">Inside, the home boasts high ceilings, bay windows, and Tasmanian Oak parquetry flooring, as well as modern marble benches, and hydronic in-floor heating.</p> <p dir="ltr">Listing the property during lockdown also didn’t seem to faze Mr Fredman, who told the<span> </span><em>Herald Sun</em><span> </span>he wasn’t worried since it was “the type of property you do wait for”.</p> <p dir="ltr">“Listing it during lockdown gave me time to get to know the buyers, inform them of the details of the property and qualify them (as legitimate buyers),” he said. “So by the time inspections were allowed, I had everyone booked in for private tours.</p> <p dir="ltr">“It’s an emotive property (the buyers) could be in for 10-20 years.”</p> <p dir="ltr"><em>Images: @flatoutmum / Instagram, realestate.com.au</em></p>

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Paying off a home loan used to be easier than it looked. It’s now harder. Here’s why

<p>So you think it’s the right time to dive in and buy a home.</p> <p>I can’t tell you you’re wrong. I can tell you it would have been better to do it before prices began soaring, and that if they keep soaring it will get worse still.</p> <p>When the year began, the typical Sydney price was <a href="https://www.corelogic.com.au/news/corelogic-december-home-value-indices">$872,000</a>. Five months later at the start of June it is <a href="https://www.corelogic.com.au/news/australias-housing-boom-rolls-national-home-values-lifting-another-22-may">$970,000</a>.</p> <p>That’s a jump of almost $100,000 in a matter of months — an awfully big price for procrastinating.</p> <p>In Melbourne the typical price has climbed from $682,000 to $740,500. In Perth it has climbed from $471,000 to $521,500, and so on.</p> <p>And banks are beginning to withdraw the cheapest of their still-very-cheap mortgage rates, at this stage mainly the fixed four-year rates which had been below <a href="https://www.domain.com.au/news/house-hunters-facing-rising-fixed-mortgage-rates-with-further-hikes-expected-1054965/">2%</a>.</p> <p>So why on earth wouldn’t you dive in, cut your living expenses to the bare minimum and try and buy a home while it’s the least bit possible?</p> <p>One (slight) reason to relax is mortgage rates. Despite the increases in fixed four-year rates, three-year rates have barely moved. That’s because the Reserve Bank has promised to hold the three-year bond rate <a href="https://www.rba.gov.au/media-releases/2021/mr-21-09.html">constant</a> at 0.1%.</p> <h2>Buying has become a bigger commitment</h2> <p>The three-year bond rate determines the cost to banks of their three-year fixed rate mortgages.</p> <p>The Reserve Bank has said it does not expect to lift its 0.1% cash rate until “2024 at the earliest”. Movements in the cash rate determine movements in variable mortgage rates.</p> <p>But there is another reason for proceeding with caution and taking stock.</p> <p>For our parents, buying a home was an exceptionally good deal, not only because homes were cheaper — until the end of the 1990s homes typically cost between two and three times household after-tax income, they now cost closer to five — but also because over time the loan became easier to pay off.</p> <p><strong>Housing prices as proportion of household disposable income</strong></p> <p><a href="https://images.theconversation.com/files/394394/original/file-20210411-15-8ofvv7.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/394394/original/file-20210411-15-8ofvv7.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="" /></a> <span class="caption">Household disposable income after tax, before the deduction of interest payments, including income of unincorporated enterprises.</span> <span class="attribution"><a href="https://www.rba.gov.au/chart-pack/pdf/chart-pack.pdf" class="source">Core Logic, ABS, RBA</a></span></p> <hr /> <p>That isn’t because mortgage rates were coming down — at times they were going up — it’s because during our parents’ times wages (and prices) were climbing.</p> <p>It meant that even if someone of our parents’ generation just squeaked through one of the bank’s tests about their ability to make payments on a mortgage, a few years and lots of inflation and several big wage rises down the track those mortgage payments shrank compared to everything else.</p> <h2>Once, wage rises took care of repayments</h2> <p>Many of our parents paid off their mortgages early.</p> <p>One way to look at this is that the bank’s ability-to-repay calculators were set too harshly. They failed to account for future hefty wage rises and inflation.</p> <p>It’s probably also true that they were set more generously than they might have been in an implicit acknowledgement of what the assistant governor in charge of the Reserve Bank’s economic branch Luci Ellis calls “<a href="https://www.rba.gov.au/publications/rdp/2006/2006-12/global-trends.html">mortgage tilt</a>”.</p> <p>The former governor, Glenn Stevens, used another term, “<a href="https://www.rba.gov.au/speeches/1997/sp-ag-081097.html">front-end loading</a>”.</p> <h2>Mortgages were ‘front-end loaded’</h2> <p>When inflation was high, and as a consequence interest rates were high, wages that climbed rapidly with high inflation made the servicing burden “most acute in the very early phase of a loan, falling over time”.</p> <p><a href="https://images.theconversation.com/files/403719/original/file-20210601-21-11ru9r3.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/403719/original/file-20210601-21-11ru9r3.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt="" /></a> <br /><span class="caption"></span> <span class="attribution"><a href="https://www.rba.gov.au/publications/bulletin/1997/oct/pdf/bu-1097-6.pdf" class="source">Reserve Bank of Australia, October 1997</a></span></p> <p>On a graph (and the former governor presented a graph) the line showing payments as a portion of income tilts down over time.</p> <p>In a world of lower inflation and interest rates, the tilt becomes flatter.</p> <p>By now (Stevens published the graph in 1997) the line must be near horizontal.</p> <p>If wage growth remains near the <a href="https://twitter.com/1petermartin/status/1399520798734389250/photo/1">record lows</a> the treasury is forecasting it will become scarcely any easier to make payments on a home loan over time.</p> <p>Yet the banks are still handing out loans using the sort of formulas they used to.</p> <p>If you get a loan you’ll be assessed as being able to (just) make the payments as always, but you’ll be denied the near certainty of being able to more easily meet the payments as time goes on.</p> <h2>Now, we retire mortgaged</h2> <p>This is a different from the risk you’ll also run of today’s ultra-low mortgage rates climbing (which banks do take into account in deciding whether to give you a loan).</p> <p>The proportion of homeowners reaching retirement age while still paying off their mortgage has doubled in 20 years. Which might be why some banks ask for details of your super before granting you a loan. It isn’t an idle inquiry.</p> <p>Might things get better? Maybe, if we can get wages moving again.</p> <p>Evidence given to Tuesday’s post-budget Senate estimate hearing provides cause for hope, and despair.</p> <h2>Super hikes will make things worse</h2> <p>The budget forecasts for wage growth over the next four financial years are incredibly low — 1.5%, 2.25%, 2.5% and 2.75%</p> <p>On Tuesday Treasury Secretary Steven Kennedy revealed that each would have been higher — 0.4 points higher — had the government not persisted with the five scheduled annual increases in compulsory superannuation contributions of 0.5% of salary starting in July.</p> <p>The treasury believes each increase will slice 0.4 percentage points from wage growth, on the basis that employers, who are legally required to pay the contributions, will have to find the money somewhere.</p> <p><a href="https://images.theconversation.com/files/403717/original/file-20210601-17-qwhi6.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/403717/original/file-20210601-17-qwhi6.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="" /></a> <span class="caption"></span> <span class="attribution"><a href="https://budget.gov.au/2021-22/content/bp1/download/bp1_bs1.pdf" class="source">Commonwealth budget, 2021-22</a></span></p> <p>It’s the same conclusion reached by the government’s <a href="https://theconversation.com/that-extra-youre-about-to-get-in-super-most-of-it-will-come-from-you-but-dont-expect-the-ads-to-tell-you-that-154723">retirement incomes review</a>.</p> <p>It’s cause for hope because it means that when those five increases stop (in mid-2026, or sooner if the government stops them mid-track) wages might be able to grow more strongly.</p> <p>It’s cause for despair because if the treasury is right, we are denying ourselves wage rises we could use in return for super we will increasingly use to pay down our mortgages.<!-- Below is The Conversation's page counter tag. Please DO NOT REMOVE. --><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; text-shadow: none !important;" src="https://counter.theconversation.com/content/161873/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /><!-- End of code. If you don't see any code above, please get new code from the Advanced tab after you click the republish button. The page counter does not collect any personal data. More info: https://theconversation.com/republishing-guidelines --></p> <p><span><a href="https://theconversation.com/profiles/peter-martin-682709">Peter Martin</a>, Visiting Fellow, <em><a href="https://theconversation.com/institutions/crawford-school-of-public-policy-australian-national-university-3292">Crawford School of Public Policy, Australian National University</a></em></span></p> <p>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/paying-off-a-home-loan-used-to-be-easier-than-it-looked-its-now-harder-heres-why-161873">original article</a>.</p> <p><em>Image: Shutterstock</em></p>

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Tanya and Mark face off over Block cheating drama

<p><span style="font-weight: 400;">Tensions have continued to grow between contestants on </span><em><span style="font-weight: 400;">The Block</span></em><span style="font-weight: 400;"> as they approach the finale, with Tanya and Mark reigniting past conflicts.</span></p> <p><span style="font-weight: 400;">On Sunday night’s episode, Tanya and Vito were accused of cheating a second time after they tried to obtain a free laundry install after the deadline.</span></p> <p><span style="font-weight: 400;">After Tanya told producers the couple were hoping to get a “cheeky freebie”, their plans were discovered by Georgia and Mitch and Mark’s connections with cabinet company Kinsman.</span></p> <p><span style="font-weight: 400;">“I probably was under the assumption that they probably would do it for free, because money was never discussed,” she said.</span></p> <p><span style="font-weight: 400;">“My story would have been well you guys got it for free so we got it for free too! It would have been a cheeky freebie. Obviously that wasn’t the case.”</span></p> <p><span style="font-weight: 400;">The conflict came to a head when Tanya faced the other contestants with claims she was prepared to pay the whole time.</span></p> <p><span style="font-weight: 400;">“Because (our laundry) was so huge there was no way we were gonna get it done (during living room week), so we just opted to get it done this week,” she explained to Mark, referring to why she and Vito didn’t complete their laundry when instructed.</span></p> <p><span style="font-weight: 400;"><img style="width: 500px; height: 280.859375px;" src="https://oversixtydev.blob.core.windows.net/media/7844720/mitch-tanya.jpg" alt="" data-udi="umb://media/f05e9a224e814152b78518270ef174fe" /></span></p> <p><em><span style="font-weight: 400;">Image: The Block / Channel 9</span></em></p> <p><span style="font-weight: 400;">“(It was a) huge out of pocket expense,” she said, showing Mark her invoice for the installation.</span></p> <p><span style="font-weight: 400;">Mark called out her claims, saying: “I understand that invoice was issued because Scotty and Keith found out what was happening”.</span></p> <p><span style="font-weight: 400;">He added that Kinsman had also told him Tanya wasn’t expecting to pay.</span></p> <p><span style="font-weight: 400;">“Come and speak to me next time,” Tanya rebutted.</span></p> <p><span style="font-weight: 400;">The latest tense exchange came after Tanya made a comment earlier in the season calling Mitch and Mark “pigs”.</span></p> <p><span style="font-weight: 400;">Tanya and Mark debated whether Tanya’s comment, “Don’t fight with pigs because you get dirty and they love it”, was a direct insult or not.</span></p> <p><span style="font-weight: 400;">“We probably still have never resolved one of those comments about us being pigs,” Mark said.</span></p> <p><span style="font-weight: 400;">But, Mark and Tanya were able to come to a kind of resolution, with Tanya saying, “I am sorry that you took it that way”.</span></p> <p><span style="font-weight: 400;">Mark also thanked her for showing him the Kinsman invoice.</span></p> <p><span style="font-weight: 400;">As for her apology, he said, “I’ll have to process that.”</span></p> <p><span style="font-weight: 400;">In a parting comment while walking away with Vito, Tanya said: “I love how he wants me to apologise when it’s like ‘oh also, you called Vito a ***, but hold on, I’ll apologise because I’m not a condescending old man’.”</span></p> <p><em><span style="font-weight: 400;">Image: The Block / Channel 9</span></em></p>

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REVEALED: The suburbs expecting plunging property prices

<p><span style="font-weight: 400;">Despite Australia’s property market being worth more than $9 trillion as of Thursday, property owners in 10 suburbs may miss out on the profits.</span></p> <p><a rel="noopener" href="https://www.news.com.au/finance/real-estate/buying/suburbs-in-nsw-vic-wa-sa-and-qld-where-property-prices-will-plunge/news-story/555745269846ecc8e570849ee452d44c" target="_blank"><span style="font-weight: 400;">New market research</span></a><span style="font-weight: 400;"> conducted by RiskWise Property Research and BuyersBuyers identified 10 suburbs across Australia that are the worst places to invest due to an oversupply of apartments.</span></p> <p><span style="font-weight: 400;">The suburbs have been identified as being in the “danger zone” for property owners looking to make a profit in a joint report released on Tuesday.</span></p> <p><span style="font-weight: 400;">“There has been a ‘race for space’ over the past 18 months, sending house prices higher, but unit prices in some high-supply areas look riskier,” the report said.</span></p> <p><img style="width: 500px; height:375px;" src="https://oversixtydev.blob.core.windows.net/media/7844703/national-house-value.jpg" alt="" data-udi="umb://media/323df4c2d7b54c9996d2e0b8020c1afe" /></p> <p><em><span style="font-weight: 400;">The ten suburbs are seeing huge growth in the next two years, which will drive down prices. Image: RiskWise Property Research and BuyersBuyers</span></em></p> <p><span style="font-weight: 400;">In New South Wales, Schofields came in first place as the riskiest area to invest in an apartment, with 3397 apartments being built in the next two years that amounts to a 115.7 percent increase in existing stock.</span></p> <p><span style="font-weight: 400;">Coming in second was the Melbourne suburb of Box Hill, which is expected to see an increase of 1833 apartments in the next two years and a 25.5 percent increase in stock.</span></p> <p><span style="font-weight: 400;">Next in the list is the Western Australian suburb Subiaco, followed by Gosford, NSW, and Victoria’s Footscray.</span></p> <p><img style="width: 0px; height:0px;" src="https://oversixtydev.blob.core.windows.net/media/7844702/sydney-house-value.jpg" alt="" data-udi="umb://media/08fe49c1b1f4402dbc5c89f7538843e4" /></p> <p><em><span style="font-weight: 400;">Seven Sydney suburbs have been deemed ‘at risk’. Image: RiskWise Property Research and BuyersBuyers</span></em></p> <p><span style="font-weight: 400;">The research group also compiled lists of the top ten ‘danger zone’ suburbs in NSW and Victoria, which make up the two biggest property markets in the country.</span></p> <p><img style="width: 0px; height:0px;" src="https://oversixtydev.blob.core.windows.net/media/7844701/melbourne-house-value.jpg" alt="" data-udi="umb://media/cb174dc8c1e24a758b5acc7d313b8c01" /></p> <p><em><span style="font-weight: 400;">A separate list identified the ten riskiest areas in Victoria alone. Image: RiskWise Property Research and BuyersBuyers</span></em></p> <p><span style="font-weight: 400;">The report came out two days before CoreLogic released an estimate of the total value of Australian residential real estate that exceeded $9.1 trillion.</span></p> <p><span style="font-weight: 400;">“Most housing markets (are) now beyond their peak,” CoreLogic noted.</span></p> <p><span style="font-weight: 400;">In September, national house values reached $719,209 while unit values reached $586,993.</span></p> <p><em><span style="font-weight: 400;">Image: Getty Images</span></em></p>

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Sneak peek inside Justin Timberlake and Jessica Biel's mega mansion up for sale

<p><span style="font-weight: 400;">Star couple Justin Timberlake and Jessica Biel </span><a rel="noopener" href="https://www.dirt.com/gallery/entertainers/musicians/justin-timberlake-house-hollywood-hills-1203428497/justintimb-erlakehouse_hh14/" target="_blank"><span style="font-weight: 400;">have listed</span></a><span style="font-weight: 400;"> their swanky Hollywood Hills home for sale with the eye-watering price tag of $USD 35 million ($AUD 48 million).</span></p> <p><span style="font-weight: 400;">Timberlake first bought the sprawling Los Angeles property from actress Helen Hunt 20 years ago, dropping $USD 8.3 million at the time.</span></p> <p><span style="font-weight: 400;">Since then, Biel and Timberlake have undertaken a complete renovation of the 10.2-acre property, with LA designer Estee Stanley designing the new rustic-modern interiors.</span></p> <p><span style="font-weight: 400;">Inside, the home includes nine bedrooms and eleven bathrooms, as well as four fireplaces, a master bedroom with its own dressing room and bathroom, a gym, and an indoor cinema.</span></p> <p><span style="font-weight: 400;">An outdoor living area wraps around the outside of the house, offering views of the San Fernando Valley skyline.</span></p> <p><span style="font-weight: 400;">The 13,500-square-feet home initially sat on a 3-acre lot, until the pop star acquired a vacant 7-acre lot behind the main residence for extra privacy.</span></p> <p><span style="font-weight: 400;">The expanded grounds include a sweeping lawn, an 85-foot swimming pool and plunge pool, a lighted sports court, a vegetable garden, and a guesthouse.</span></p> <p><span style="font-weight: 400;">Timberlake and Biel own several other properties across New York City, Nashville, and Montana.</span></p> <p><span style="font-weight: 400;">Justin Paul Huchel and Drew Fenton of Hilton &amp; Hyland are the listing agents for the property, with the </span><a rel="noopener" href="https://www.hiltonhyland.com/property/3100-torreyson-pl-los-angeles-ca-90046/" target="_blank"><span style="font-weight: 400;">listing</span></a><span style="font-weight: 400;"> describing the home as a “one of a kind stately residence”.</span></p> <p><em><span style="font-weight: 400;">Images: @jessicabiel / Instagram, Hilton &amp; Hyland</span></em></p>

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Olympic superstar couple buy multi-million hinterland home

<p><span style="font-weight: 400;">Olympic swimming duo Luke and Libby Trickett have made a tree change after purchasing a home in Bald Knob, in the Sunshine Coast hinterland.</span></p> <p><span style="font-weight: 400;">The couple </span><a rel="noopener" href="https://www.realestate.com.au/news/olympic-swim-stars-buy-sunshine-coast-hinterland-hideaway/?rsf=syn:news:nca:news:spa:strap" target="_blank"><span style="font-weight: 400;">dropped $2.25 million</span></a><span style="font-weight: 400;"> on the 3.4 hectare property, which features stunning views of the Sunshine Coast coastline.</span></p> <p><span style="font-weight: 400;">The home includes four bedrooms, three bathrooms, and a separate study with a customised desk and bookshelf and direct access to the verandah.</span></p> <p><span style="font-weight: 400;">The interior is filled with timber floors, high ceilings, and French doors, while the outside includes a large deck and covered terrace.</span></p> <p><span style="font-weight: 400;">On the home’s lower level there is private guest accommodation, including access to an in-ground pool and pavilion area.</span></p> <p><span style="font-weight: 400;">The property also boasts a detached loft studio with a sleeping space.</span></p> <p><span style="font-weight: 400;">Outside, the property features lush gardens and large amounts of green space.</span></p> <p><span style="font-weight: 400;">This property comes as the latest addition to the Tricketts’ portfolio, which also includes units in Toowong and Noosa Heads.</span></p> <p><span style="font-weight: 400;">The couple have lived in Seven Hills since 2010.</span></p> <p><em><span style="font-weight: 400;">Images: @luke_trickett / Instagram, realestate.com.au</span></em></p>

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Home with personal railway sells for $2 million

<p><span style="font-weight: 400;">A popular home in the Adelaide suburb of Mount Osmond <a rel="noopener" href="https://www.realestate.com.au/news/mount-osmond-home-with-rad-railway-sells-in-2m-deal/" target="_blank">has been sold</a> in a multimillion-dollar deal and boasts a surprise feature: a life-size train track.</span></p> <p><span style="font-weight: 400;">The property at 3 Stymie Place has an 80-metre railway that runs around the property and includes a 34-metre underground tunnel.</span></p> <p><span style="font-weight: 400;">While many train enthusiasts were attracted to the property, selling agent Pat Schinella of Agency Avenue Schinellas revealed that the buyer wasn’t one of them.</span></p> <p><span style="font-weight: 400;">“We had quite a number of people showing interest in the property,” he said.</span></p> <p><span style="font-weight: 400;">“A couple of people were train enthusiasts but it didn’t sell to anyone who was a train enthusiast.”</span></p> <p><span style="font-weight: 400;">Mr Schinella said the buyer was a businessman who intended to move into the home with his family.</span></p> <p><span style="font-weight: 400;">“The buyer loved the garden and the views mostly,” Mr Schinella said.</span></p> <p><span style="font-weight: 400;">“It was the views, the privacy, the gardens, the quality of the build - they could see that they could take it to another level.</span></p> <p><span style="font-weight: 400;">“I think they are probably going to leave the track there and maybe down the road purchase something to put on the track as a bit of a novelty.”</span></p> <p><span style="font-weight: 400;">As well as the novelty railway, the 2770 square-metre property includes a 700 square-metre home with up to five bedrooms, an indoor pool, spa, and sauna, and large indoor and outdoor living spaces.</span></p> <p><span style="font-weight: 400;">The track was built by the previous owner, 95-year-old Bob Nash, who retired at 47 to take up model engineering.</span></p> <p><span style="font-weight: 400;">While living in the home Mr Nash built seven steam trains and an electric tram - all from the property’s workshop.</span></p> <p><span style="font-weight: 400;">“It’s not a toy track, it’s a serious, fun track and children of all ages are capable of driving the tram - it is as simple as (pulling) a lever,” Mr Nash’s son Peter said.</span></p> <p><span style="font-weight: 400;">“Anybody that jumps on it, whether you’re five or 55, it doesn’t matter - you get a bit of a buzz out of it.”</span></p> <p><span style="font-weight: 400;">Though none of the trains or the tram were included in the sale, Mr Nash said compatible trains were commonly available.</span></p> <p><span style="font-weight: 400;">The property’s sale came in as the second highest in the suburb, according to CoreLogic data.</span></p> <p><span style="font-weight: 400;">However, Mr Schinella said it was “the highest price achieved per square metre per allotment”.</span></p> <p><em><span style="font-weight: 400;">Images: realestate.com.au</span></em></p>

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“Absolutely a farce”: Mitch’s expletive-ridden tirade against judges

<p><span style="font-weight: 400;">Mitch has unleashed on judges Shaynna Blaze, Neale Whitaker, and Darren Palmer, after he and Mark received the lowest score for their kitchen.</span></p> <p><span style="font-weight: 400;">The pair received harsh criticism for their “dumb” decision to use drawers to store dry food in their main kitchen, with Neale describing it as “all style over substance”.</span></p> <p><img style="width: 500px; height:281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7844413/mitch-mark1.jpg" alt="" data-udi="umb://media/1834c04c394d4162bae9a10681ee0192" /></p> <p><em><span style="font-weight: 400;">Image: Channel 9</span></em></p> <p><span style="font-weight: 400;">“The comments are stupid. I have no respect for the judges so I shouldn’t let somebody hurt me that I have no respect for,” Mitch said.</span></p> <p><span style="font-weight: 400;">Mark also emphasised that they would not take on any of the judge’s suggestions.</span></p> <p><span style="font-weight: 400;">Channel 9’s censors were working overtime during the episode, as Mitch said “F*** you!” each time host Scott Cam revealed one of the scores for their kitchen.</span></p> <p><span style="font-weight: 400;">“I’m supposed to listen to them? Go f*** yourselves!” Mitch said.</span></p> <p><span style="font-weight: 400;">“I’m not interested in their feedback. Their feedback is irrelevant.”</span></p> <p><span style="font-weight: 400;">Mitch and Mark were also fuming over the appearance of Luke’s fiancé, Olivia, on the show once again, after she was spotted helping Luke and Josh prepare for the room reveals.</span></p> <p><img style="width: 500px; height:281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7844414/mitch-mark2.jpg" alt="" data-udi="umb://media/0d9777a11c5343adb725db7bd3fde052" /></p> <p><em><span style="font-weight: 400;">Image: Channel 9</span></em></p> <p><span style="font-weight: 400;">Olivia was filmed helping the twins clean and style their kitchen in a breach of the rules.</span></p> <p><span style="font-weight: 400;">Despite being spotted doing the same thing in master bedroom week, her help didn’t affect the brothers’ scores or even receive mention on judgement day.</span></p> <p><span style="font-weight: 400;">“The boys (twins Josh and Luke) brought in help last night that Scotty clearly knows about because it’s all on camera and yet it has no impact,” Mitch said to a producer.</span></p> <p><span style="font-weight: 400;">“So, this is absolutely a farce.”</span></p> <p><span style="font-weight: 400;">Despite their frustrations, Mitch and Mark were still good sports over Kirsty and Jesse’s win.</span></p> <p><span style="font-weight: 400;">The country musicians won $120,000 in prizes for their navy blue and gold kitchen, which received a perfect score from Neale and Shaynna.</span></p> <p><img style="width: 500px; height:281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7844415/mitch-mark3.jpg" alt="" data-udi="umb://media/83e9eacaf9da4bc892e34c32c36c0427" /></p> <p><em><span style="font-weight: 400;">Image: Channel 9</span></em></p> <p><span style="font-weight: 400;">“My [arm] hair is standing on end that’s how perfectly they have done the five-zone kitchen in this space,” Darren said, awarding them a 9.5 score for not including a second bin in their butler’s pantry.</span></p> <p><span style="font-weight: 400;">Neale said the room was “everything he wanted to see and feel in a kitchen”, joking that his hair was also standing on end despite being bald.</span></p> <p><span style="font-weight: 400;">Ronnie and Georgie came second for their neutral kitchen, after receiving criticism for their small cupboards.</span></p> <p><span style="font-weight: 400;">Tanya and Vito’s pink and terrazzo kitchen came in fourth, with Neale noting: “This is a kitchen that says love me or hate me, but don’t ignore me.”</span></p> <p><span style="font-weight: 400;">Shaynna pointed out that the fridge was in the wrong place, there was no bin, and their terrazzo benchtop offered little space for people to sit at or prepare food.</span></p> <p><span style="font-weight: 400;">“It makes me sick because they imported this [stone bench] and it is stunning but there’s no way to do anything different with that,” Darren commented.</span></p> <p><em><span style="font-weight: 400;">Image: Channel 9</span></em></p>

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How retirement villages are Uniting people

<p>In wisdom, we realise that our confidence comes from a sense of belonging. Being connected to a community is what gives us a sense of belonging. Over time our ability to socialise in our free time expands while our community and neighbourhoods are changing.</p> <p>COVID-19 has had a particularly strong influence on people seeking different needs from home design and also their communities. At Uniting we realise that confidence comes from belonging and sharing memorable moments with like-minded people.</p> <p>That’s why community and caring are built in at every Uniting NSW/ACT retirement village. Moving into the next phase of your life should be an exciting occasion. Uniting believes that everyone should enjoy the confidence of belonging<strong>.</strong></p> <p>One person who knows this intimately is Leonie.</p> <p>Leonie decided to move to Uniting Mayflower Gerringong in 2010 after taking part in a village tour.</p> <p>She had already experienced the village when her father had previously lived there. She jumped at the opportunity and set off to make sure she could become part of the community.</p> <p>“One of the first things I did was set up a veggie patch,” says Leonie. “I was a talker like Dad, so it was a great excuse to have a chat.”</p> <p>Leonie’s veggie patch became her own social sanctuary. Many of Leonie’s good friends now do the gardening together at Mayflower and the veggie patch has become its own community centre.</p> <p>“There is something special about our village,” she says. “There is a spirit of caring, not just among the staff but among all the people who live here.</p> <p>“This is a little village and we all belong to each other. We’re family.”</p> <p>Since joining the village at Gerringong, Leonie has seen her social network expand and sees it as her true home.</p> <p>Leonie also enjoys the freedom that retirement living has given her. No longer does she have to worry about mowing the lawns or the letterbox filling up while she is away. Uniting’s specialist staff take away the hassle of maintenance for her property and allow her to focus on what truly matters.</p> <p>“You don’t realise the friendships and the interdependence you’ll develop when you move in,” Leonie explains. “Every day I am surrounded by things to do with my friends. There are more activities going on than anyone could ever hope to get to!”</p> <p>Uniting has had more than 50 years’ experience to consider each and every detail that makes retirement living more enjoyable. People like Leonie live the Uniting values and ethos. And it can only be a home when you are in a community where you belong.</p> <p>Everyone deserves to discover new passions in the comfort of their home. A community full of respectful, social and like-minded individuals, and their pets should they choose.</p> <p>Uniting wants you to retire happily, with easy access to a social network, new friends and other supports whenever you want it.</p> <p>There are many spaces to explore at your leisure, to entertain yourself and to entertain your loved ones, whether that be communal vegetable garden for the green thumbs, the villages’ dedicated clubroom for trivia and crafts, or the outdoor courtyard perfect for barbecues.</p> <p>A Uniting village is a perfect place to find your new home and your new forever friends.</p> <p>In that community, we are Uniting People.</p> <p>Book a tour by calling 1800 864 846 or go to<span> </span><a rel="noopener" href="https://ad.doubleclick.net/ddm/trackclk/N1080016.1907402OVERSIXTY.COM.AU/B26377396.312727685;dc_trk_aid=505567170;dc_trk_cid=157190802;dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;ltd=" target="_blank">uniting.org/retirementliving</a></p> <p><strong><em>This is a sponsored article produced in partnership with<span> </span><a rel="noopener" href="https://ad.doubleclick.net/ddm/trackclk/N1080016.1907402OVERSIXTY.COM.AU/B26377396.312727685;dc_trk_aid=505567170;dc_trk_cid=157190802;dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;ltd=" target="_blank">Uniting</a>.</em></strong></p>

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Inside Frank Sinatra's most-filmed mansion

<p><span style="font-weight: 400;">Frank Sinatra’s seven-bedroom, nine-bathroom home has been put on the market for a whopping $USD 21.5 million ($AUD 29.4 million).</span></p> <p><span style="font-weight: 400;">Fans of </span><em><span style="font-weight: 400;">Mad Men</span></em><span style="font-weight: 400;">, </span><em><span style="font-weight: 400;">Californication</span></em><span style="font-weight: 400;">, </span><em><span style="font-weight: 400;">Dreamgirls</span></em><span style="font-weight: 400;"> or </span><em><span style="font-weight: 400;">Ali</span></em><span style="font-weight: 400;"> are sure to recognise the residence, which has been used as a backdrop for countless films and tv shows over the years.</span></p> <p><span style="font-weight: 400;">Widely known as the Frank Sinatra Byrdview Estate, the singer called the 758-square-metre mansion home during the 1950s and 60s.</span></p> <p><span style="font-weight: 400;">The home sits on 13.7 acres in Chatsworth, California, and overlooks the 1,325-acre Chatsworth Reservoir nature reserve.</span></p> <p><span style="font-weight: 400;">Inside, the home has undergone a $USD 1 million renovation and boasts light wood accents set against white walls, floor-to-ceiling windows, and an open-plan design.</span></p> <p><span style="font-weight: 400;">Along with a formal dining room and living room with a full bar, the house also features a deluxe ensuite that overlooks the backyard, a formal sitting room, and a piano room where Sinatra reportedly spent most of his time.</span></p> <p><span style="font-weight: 400;">Outside, the home has a patio and a 15-metre swimming pool that includes its own wet bar.</span></p> <p><span style="font-weight: 400;">The property also features a guest house where Marilyn Monroe reportedly stayed, which has its own backyard and pool, as well as a gym and massage room in a separate building.</span></p> <p><em><span style="font-weight: 400;">Image credits: Boss Hunting</span></em></p>

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Calls for urgent changes in building regulations as family home demolished

<p><span style="font-weight: 400;">The mother of a disabled woman is calling for urgent changes to be made to building regulations in Australia following the demolition of their brand-new, purpose-built home. 24-year-old Paige was left with severe brain damage as a child after a hospital mistake, and was awarded $5.5 million in compensation from Queensland Health four years ago. </span></p> <p><span style="font-weight: 400;"><img style="width: 500px; height: 280px;" src="https://oversixtydev.blob.core.windows.net/media/7844345/screen-shot-2021-09-23-at-35143-pm.png" alt="" data-udi="umb://media/b2850aa7004940eea0c1eefa38f90da4" /></span></p> <p><span style="font-weight: 400;">Part of that money was used to build a home that would meet all of her needs, but after less than a year of living in their new Redcliffe home, the house had such a severe mould problem that it was decided it had to be demolished.</span></p> <p><span style="font-weight: 400;">Paige’s mum, Linda Hartman, told </span><a href="https://9now.nine.com.au/a-current-affair/new-development-severely-disabled-queensland-womans-toxic-house-demolished/765a998a-a0d2-40ef-a74d-feb6d86e58e1"><span style="font-weight: 400;">A Current Affair</span></a> <span style="font-weight: 400;">that the situation has caused her and Paige severe stress, but the minister responsible, Mick de Brenni, won’t agree to meet with them to discuss the issue.</span></p> <p><span style="font-weight: 400;">A Current Affair </span><span style="font-weight: 400;">initially met the family when they were attempting to dry the moisture in order to keep the mould at bay, but those attempts failed, and the only remaining solution was demolition.</span></p> <p><span style="font-weight: 400;">Ms Hartman told reporters she was relieved that the entire building, including the concrete slab, had to go, as it meant she wouldn’t have to deal with the builder anymore. "I'm quite relieved because now I don't have to deal with the builder because dealing with the builder it was just horrific.”</span></p> <p><img style="width: 500px; height: 277.86624203821657px;" src="https://oversixtydev.blob.core.windows.net/media/7844346/screen-shot-2021-09-23-at-35148-pm.png" alt="" data-udi="umb://media/c63309e684504d57b3425856725c68ab" /></p> <p><span style="font-weight: 400;">The builder in question was PJ Burns – the director Rick Burns admitted to </span><span style="font-weight: 400;">ACA </span><span style="font-weight: 400;">that there were problems at the property and that he was “going to fix them”. In early March, the Queensland Building and Construction Commission (QBCC) identified the cause of the mould as "rising damp through the slab due to faulty installation of the damp proof membrane" and found that Burns had failed to rectify structural defects, ultimately deciding that the "demolition and rebuilding of the dwelling" was "reasonable and necessary". </span></p> <p><span style="font-weight: 400;">QBCC approved a claim of $200,000 under the Queensland Home Warranty Scheme, which was less than a third of the actual cost. The trustee of Paige’s settlement money has now commenced legal proceedings against PJ Burns, as well as finding a new builder, with the hope of having a new home ready for the family by Christmas 2022.</span></p> <p><span style="font-weight: 400;"><img style="width: 500px; height: 284.5786963434022px;" src="https://oversixtydev.blob.core.windows.net/media/7844347/screen-shot-2021-09-23-at-35210-pm.png" alt="" data-udi="umb://media/194a66899a64440b95b790b9dada2ea6" /></span></p> <p><span style="font-weight: 400;">"The builder has to be held accountable for what he has done to us and I don't want this to happen to anybody else," Ms Hartman told </span><span style="font-weight: 400;">ACA.</span><span style="font-weight: 400;"> Ms Hartman believes that QBCC’s lack of action “ruins people’s lives”. She believes PJ Burns’ work is so bad that it should be listed as Tier 1 defective work, which would result in an automatic three-year ban. Ms Hartman feels like the QBCC is “protecting the builder”, while the QBCC claims it is “empathetic to [her] situation” and that its officers have “worked continuously to keep her updated and informed during her case.” A spokesperson for the regulator said, "This builder has been subject to regulatory action and may be subject to further regulatory action in the future.”</span></p> <p><span style="font-weight: 400;">Mr de Brenni said in a statement that the QBCC had been in regular contact with Ms Hartman, and his recommendation is that homeowners check the QBCC website before hiring a builder.</span></p> <p><em><span style="font-weight: 400;">Images: A Current Affair</span></em></p>

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"Most expensive urban property in the world" to go under the hammer

<p><span style="font-weight: 400;">A sprawling home in Los Angele, nicknamed “The One”, is </span><a rel="noopener" href="https://www.9news.com.au/national/us-news-mega-mansion-once-worth-683-million-defaults-on-136-million-in-debt-forcing-a-sale/58a4d087-723c-428f-bbd4-f26f3238a755" target="_blank"><span style="font-weight: 400;">expected to be sold</span></a><span style="font-weight: 400;"> after the owner defaulted on $136 million in loans and debt.</span></p> <p><span style="font-weight: 400;">Dubbed America’s most expensive home, the 105,000-square-foot property developed by former film producer Nile Niami was expected to sell for $683 million, according to Niami.</span></p> <p><span style="font-weight: 400;">But, after suffering delays and complications and racking up debt, Niami faces a court-ordered sale to pay his debts.</span></p> <p><span style="font-weight: 400;">Niami bought the property for a cool $28 million, before partnering with architect Paul McClean to build “The One”.</span></p> <p><span style="font-weight: 400;">Original plans for the home included a cinema, four-lane bowling alley, beauty salon, five pools, a private nightclub, and a casino.</span></p> <p><span style="font-weight: 400;">As for bedrooms, Niami planned for 20, with the largest being a 5,500 square-foot master suite, complete with its own office, pool, and kitchen.</span></p> <p><span style="font-weight: 400;">Despite its original completion date being set for 2017, Niami borrowed $112.78 million from Hankey Capital in 2018 to continue building the home.</span></p> <p><span style="font-weight: 400;">The design also underwent changes, with the number of bedrooms dropping to nine and plans for an extravagant jellyfish tank being dropped.</span></p> <p><span style="font-weight: 400;">In March 2021, Hankey served a notice of default to Niami, who had 90 days to pay or negotiate the now $150 million debt, according to court documents.</span></p> <p><span style="font-weight: 400;">With no payment as of July, the home was placed in court-ordered receivership, an alternative to foreclosure.</span></p> <p><span style="font-weight: 400;">Theodore Lanes Management Services received the property, and is required to account for debts against the property, then selling it and repaying lenders and creditors with the proceeds.</span></p> <p><span style="font-weight: 400;">Despite Niami promising the home was nearly complete in April, there is still some work to be done. </span></p> <p><span style="font-weight: 400;">This includes a lack of gas service until a certificate of residence is issued, and an empty space where a commercial-grade catering kitchen was expected to be installed, after the permit to build it was denied.</span></p> <p><span style="font-weight: 400;">“It’s a pretty extensive list [of issues],” Lanes told </span><em><span style="font-weight: 400;">CNN Business</span></em><span style="font-weight: 400;">.</span></p> <p><span style="font-weight: 400;">The home also has more than $2 million in unpaid taxes and invoices for concrete, air conditioning, and scaffolding, according to Lanes.</span></p> <p><span style="font-weight: 400;">“This is a very complicated property with quite a few open issues,” Lanes said.</span></p> <p><span style="font-weight: 400;">“At present, the focus is to obtain complete insurance and develop a timeline and budget to secure the certificate of occupancy in order to maximise value and to make the property more marketable.”</span></p> <p><span style="font-weight: 400;">Speaking to </span><em><a rel="noopener" href="https://www.mirror.co.uk/news/us-news/americas-most-expensive-home-the-24958036" target="_blank"><span style="font-weight: 400;">NBC</span></a></em><span style="font-weight: 400;">, Lanes said, “What I would love to see happen is that the house gets completed, the certificate of occupancy is awarded and we have an orderly sale that maximises the value.</span></p> <p><span style="font-weight: 400;">“Hopefully, there will be sufficient proceeds from the sale to fund the secured and unsecured creditors and for the equity to realise some value.”</span></p> <p><em><span style="font-weight: 400;">Images: nileniami / Instagram, Bel Air Mansion</span></em></p>

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Michael Clarke scores luxe Vaucluse home

<p><span style="font-weight: 400;">Former Test cricketer Michael Clarke has </span><a rel="noopener" href="https://www.realestate.com.au/news/former-test-cricketer-michael-clarke-buys-13m-vaucluse-home/?rsf=syn:news:nca:news:spa:strap" target="_blank"><span style="font-weight: 400;">picked up a new property</span></a><span style="font-weight: 400;">, after putting down about $13 million on the Vaucluse home prior to auction.</span></p> <p><span style="font-weight: 400;">Clarke has recently been seen visiting the five-bedroom home, which had previously been sold for $9.5 million in 2019, with sources confirming he has purchased it.</span></p> <p><span style="font-weight: 400;">The “European-inspired” home is just a block away from the Fitzwilliam Rd mansion he had lived with his ex-wife Kyly.</span></p> <p><span style="font-weight: 400;">The Fitzwilliam property was sold in an under-the-table deal for $12 million in February, after the couple purchased it in 2014 for $8.3 million.</span></p> <p><span style="font-weight: 400;">Clarke’s newest property was scheduled for auction on Tuesday, September 14.</span></p> <p><span style="font-weight: 400;">Sitting on a 784 square-metre block, the property features a mineralised gas-heated tiled pool with a poolside cabana and two outdoor showers, and is just a short walk from three local beaches.</span></p> <p><span style="font-weight: 400;">Inside the home, there are four bathrooms, heated limestone floors, a custom-designed iron wrought staircase, and three gas fireplaces.</span></p> <p><span style="font-weight: 400;">The master suite comes with its own balcony, stone ensuite and dressing room.</span></p> <p><span style="font-weight: 400;">The home also boasts a formal lounge and dining room, as well as an upper-level reading room.</span></p> <p><em><span style="font-weight: 400;">Images: michaelclarkeofficial / Instagram, realestate.com.au</span></em></p>

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How you can rent Karl Stefanovic’s glam Sydney home

<p><em><span style="font-weight: 400;">Today</span></em><span style="font-weight: 400;"> host Karl Stefanovic and his wife Jasmine’s new Sydney home has been listed for rent just three months after the couple purchased it.</span></p> <p><span style="font-weight: 400;">The four-bedroom house in Sydney’s North Shore was listed for rent on realestate.com.au this week for a weekly rent of $1800 and a bond of $7200.</span></p> <p><span style="font-weight: 400;">The current median rental price in the area is $1375 a week, according to data from realestate.com.au.</span></p> <p><span style="font-weight: 400;">Having </span><a rel="noopener" href="https://www.oversixty.com.au/property/real-estate/sneak-peek-inside-karl-stefanovic-s-new-suburban-oasis" target="_blank"><span style="font-weight: 400;">settled on the property</span></a><span style="font-weight: 400;"> just before Sydney went into lockdown in June, the Stefanovics’ home is available to rent from this weekend.</span></p> <p><span style="font-weight: 400;">Though they had plans to renovate the $3.2 million home according to </span><em><a rel="noopener" href="https://www.dailytelegraph.com.au/entertainment/sydney-confidential/details-of-karl-stefanovics-multimillion-dollar-house-revealed/news-story/cbcf9bc387c6bd7bc1856a1f6f5f0a9f" target="_blank"><span style="font-weight: 400;">The Daily Telegraph</span></a></em><span style="font-weight: 400;">, no development application has been launched with Willoughby Council so far.</span></p> <p><span style="font-weight: 400;">With four levels and views of Middle Harbour from most bedrooms, the home also boasts a pool, an open plan kitchen, a self-contained studio, and a private courtyard.</span></p> <p><span style="font-weight: 400;">The delay in moving into the Castlecrag property has some believing the family are renting a six-bedroom house around the corner instead.</span></p> <p><span style="font-weight: 400;">The pair also own a property on Queensland’s Sunshine Coast, which they purchased just before the country entered lockdown in 2020.</span></p> <p><em><span style="font-weight: 400;">Images: Karl Stefanovic / Instagram, realestate.com.au</span></em></p>

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Peter Overton and Jessica Rowe sell multi-million-dollar Vaucluse home

<p><span style="font-weight: 400;">Television presenters Peter Overton and Jessica Rowe have put their Vaucluse home under the virtual hammer, selling it for a whopping $8.175 million.</span></p> <p><span style="font-weight: 400;">The final price was about half a million dollars above the reserve and more than $1 million above the $7 million price guide it was listed with two weeks ago.</span></p> <p><span style="font-weight: 400;">The auction was opened by James Keenan, Ray White Double Bay’s selling agent and auctioneer, who told buyers an offer of “$7 million to $8 million would be a good start”.</span></p> <p><span style="font-weight: 400;">With an opening bid of $7.5 million, a handful of bids later the property was declared on the market at $7.61 million.</span></p> <p><span style="font-weight: 400;">16 bids later, the buyer who opened the auction secured the home for $8.175 million.</span></p> <p><span style="font-weight: 400;">Overton recently told </span><span style="font-weight: 400;">Domain</span><span style="font-weight: 400;"> that he and his family were looking to settle into a larger home in Vaucluse with more space for their two teenage daughters, Allegra and Giselle.</span></p> <p><span style="font-weight: 400;">“It’s time for a change for that next stage of our family life,” he said.</span></p> <p><span style="font-weight: 400;">The 700 square metre property features designer landscaped gardens, an alfresco entertaining area, and a solar-heated mosaic pool.</span></p> <p><span style="font-weight: 400;">Inside the home, there is a deluxe master bedroom with a walk-in robe, a stylish ensuite and a private balcony, as well as three other bedrooms with built-in wardrobes.</span></p> <p><span style="font-weight: 400;">The property was last sold 12 years ago for $3.37 million, and has undergone episodic renovations in recent years.</span></p> <p><em><span style="font-weight: 400;">Images: Jessica Rowe / Instagram, Ray White Double Bay</span></em></p>

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Nicole Kidman’s TV home up for rental as Airbnb

<p>Nicole Kidman is a titan Hollywood actress, and now her TV retreat has been put up on Airbnb!</p> <p>Her latest series,<span> </span><em>9 Perfect Strangers,<span> </span></em>is filled with suspense, mystery and intrigue – all factors of what makes up a perfect TV programme for viewers to dig into while stuck in lockdown.</p> <p>With major Hollywood including Kidman, Melissa McCarthy and Asher Keddie, it is no wonder how the show has managed to capture the hearts of a nation.</p> <p><img style="width: 500px; height: 281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7843777/9-perfect-strangers-3.jpg" alt="" data-udi="umb://media/dca9880049c241cea7a426416507e76b" /></p> <p>The unbelievable property, Soma Retreat, is tucked neatly into the Byron Bay hinterland, and has proven to be the perfect backdrop for the characters in the newly released adaption of Liane Moriarty’s Nine Perfect Strangers.</p> <p>Kidman’s character, Masha, runs a mysterious wellness getaway for rich city folk.</p> <p>And now, the owners of the retreat are allowing the public to spend a night at the extraordinary retreat, for $6500 a night.</p> <p>The place can fit up to 16 people and even has a fully fitted space that can be used as a yoga retreat, or an interesting hang out spot.</p> <p><img style="width: 500px; height: 281.25px;" src="https://oversixtydev.blob.core.windows.net/media/7843781/9-perfect-strangers-7.jpg" alt="" data-udi="umb://media/ef01a4d5e4d04c63881e4233ec5b5d00" /></p> <p>The rental even has a sauna, magnesium ice bath, and a custom-made Zen garden.</p> <p>Staff and services can be booked at an extra cost too, including massages and meditation courses. </p> <p>In the show, Soma is dubbed Tranquillum House and is touted as a place for people to change their lives for the better.</p>

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