Megamansion With Floating Fire Pit Is One of Brisbane’s Most Expensive Listings
A JLL hotels exec built the 5-acre estate like a resort with inspiration from around the world, including a famed Raffles Hotel bar in Singapore. 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
MANSION GLOBAL ON YOUTUBE
Everything’s Bigger In This $65 Million Texas Megamansion
This grand estate with European inspired architecture has just become Texas’ most expensive listing. Watch Now
LISTING OF THE DAY
Living in off-Grid Luxury on the Puerto Rican Island of Vieques
Amenities include a half-mile-long private driveway, a roof deck, a caretaker’s cottage, and a grand staircase that leads to a pool with a bar and a large deck. Read More
THE INSIDERS
Privacy Is as Important as Price for Some London Home Sellers
Polly Ogden Duffy, managing director of John D. Wood & Co, talks about what’s selling, garden squares, and a new luxury neighborhood to consider. Read More
NEWS BITES
Luxury Home Sellers in Shanghai Cut Prices
Luxury home sellers in Shanghai are slashing asking prices by as much as 5 million yuan (US$691,140) in a bid to find buyers—but the move is mostly falling flat, according to industry experts. Would-be high-end home buyers in the city are also being cautious, concerned that the market has not yet reached its bottom and are waiting for even more price cuts. “The luxury homes market bucked the downward trend in the local property market earlier this year,” said Ding Haifeng, who works for financial consultancy Integrity in Shanghai. “But it seems as if it has finally fallen victim to a weak economy.” South China Morning Post
Stanthorpe, Strathalbyn Named Most ‘Painful’ Suburbs for Renters in Australia
Renters in Australia are suffering so much that someone decided to catalog it. The Rental Pain Index by real estate analytics firm SuburbTrends generated a composite score for each suburb surveyed accounting for percentage of advertised rentals, vacancy rates, average 12-month rental increase, and the average rent as a percentage of income. Stanthorpe in Queensland and Strathalbyn in South Australia took the top spots, each with a score of 91, followed by College Grove/Carey Park, Wallaroo and Elizabeth , each with a score of 89. Queensland and South Australia each had nine communities among the top 25, with significant average rental price increases in both states playing a large role in their rankings. realestate.com.au
Co-Homeownership Appears to Be on the Rise in Vancouver
Canadians in the nation’s most expensive housing market are going halfsies in order to buy a home. According to analysis of Statistics Canada census data by Andy Yan, director of Simon Fraser University’s City Program, the number of metro Vancouver households with three or more people paying the mortgage or rent rose from 3% in 2001 (22,330 households) to 8% in 2021 (80,080 households). While these figures would also encompass the common practice of intergenerational family living situations, the increase in shared mortgages far outpaces overall growth for the region over the past 20 years, which would suggest to Yan that co-ownership schemes among acquaintances was on the rise, and anecdotal evidence would appear to support these claims. Vancouver Sun
Actor John Malkovich Sells Massachusetts Home for $3.1 Million
Someone else is getting their shot at ‘Being John Malkovich,’ or at least, the next best thing. The award-winning actor has sold his six-bedroom, six-bathroom home in Cambridge, Massachusetts, for $3.1 million. The dark-gray home features an open-plan living room/dining room, a study, a large game room, a patio and green space, with warm-wood floors throughout. Malkovich first listed the home in May for $2.9 million before a buyer secured the purchase with $3.11 million. Realtor.com
AROUND NEWS CORP
Rents Aren’t Rising as Fast. 2 Big Reasons Why. [Barron’s]
Why Homes by the Water Defy the House Price Falls [The Times of London]
Inside a New $25 Million Mansion Coming to Beachy N.J. Town That Oprah Loves [New York Post]
Fresh Data Shows Apartments Have Driven a Jump in New Building Approvals [news.com.au]
