Soaring Manhattan Rents Hit Record High for the Third Month in a Row
The median rent has increased nearly 10% over the past year. Read More
BY THE NUMBERS
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Why CFOs Can Benefit From Dynamic Finance
The principles of dynamic finance can help organizations become more streamlined, responsive and quick to deliver change. It’s about having simplified, standardized processes, a foundation of enabling technologies and a skilled workforce. Here’s a summary of seven core principles and how they work in practice.
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TRENDING TODAY
LISTING OF THE DAY
This Contemporary Los Angeles House Is Full of Little Architectural Delights
Details in the home by William Hefner include a floating timber staircase and a limestone chimney. Read More
TAX TALK
Billionaires Are Moving to Italy for Tax Relief. Should I Join Them?
The scheme, designed to lure residents from other countries to invest, has spurred the country’s high-end property market. Read More
NEWS BITES
Three Cliff-Top Dwellings Overlooking Australia’s Bondi Beach Hit the Market Starting at A$50 Million
Three cliff-top homes in the popular Bondi Beach outside of Sydney have hit the market with a guide price starting at A$50 million (US$33.58 million). Located along the Bondi to Bronte coastal walk, each home boasts 180-degree views of the beach, Ben Buckler Headland and Tamarama. The buildings currently serve as apartments, but the listing is a “rare landmark opportunity to redevelop the sites into luxury apartments, subject to council approval, or transform the sites into personal dwellings,” according to the listing with Alex Lyons and Ric Serrao of Raine & Horne Double Bay. Domain
Active Listings in Perth Plunge as Homes Sell at Record Pace
Active listings in Perth, the capital of Western Australia, were down 8.8% in May, compared to April, and 29.3% annually, according to the Real Estate Institute of Western Australia. In addition, homes are selling in a median of 12 days. “This is the fastest median time on market since we started keeping these records in 1998 and has only been recorded once before, in March 2021,” said Cath Hart, CEO of the institute. Mortgage Professional Australia
Fort Worth, Texas, Home of RadioShack CEO Auctioned for $5.3 Million
The Fort Worth, Texas, mansion built by former RadioShack CEO Len Roberts has sold at auction for $5.28 million by North Carolina-based online auction house Interluxe. The home cost $12 million to build and originally listed for $8.9 million, the 12,000-square-foot house lingered on the market for three years before going under the hammer. The starting bid was $2.5 million, and the buyer is not a resident of Fort Worth, according to the auction company. Fort Worth Business Press
Housing Market Is Looking up in Northern Ireland, Survey Says
Sales and buyer demand have picked up in Northern Ireland in April, according to a May report from the Royal Institution of Chartered Surveyors. A majority of respondents said that house sales had gone up and that sales were expected to increase in the next three months. Meanwhile, for the third month in a row, there were reports of a rise in inquiries from new buyers. A measure of supply of new listings also ticked up. Belfast Telegraph
AROUND NEWS CORP
Billionaires’ Row Was Built for the World’s Wealthiest. Has It Lived up to Its Name? [The Wall Street Journal]
Lending to New Home Buyers Lowest Since Covid [The Times of London]
A$3.3M Instagram Dream Home for Sale, Again [news.com.au]
Affordability Crunch: Where Middle-Class Buyers Can Afford Homes the Most—and the Least [Realtor.com]
