134-Year-Old House Near Melbourne Could Break Price Records
If the home sells within the price guidance, A$11 million to A$12.3 million, it will set a record as the first eight-figure home sale for Camberwell, where the median home price is A$2.1 million. Read More
BY THE NUMBERS
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LISTING OF THE DAY
Attention to Detail Makes This English Country Estate a Gem
The three-story manor showcases exceptional craftsmanship combined with innovative technology. Read More
TAX TALK
What Are the Property Tax Differences Between Buying a Newer Home vs. an Older One?
In Los Angeles, bond measures and renovations affect your tax bill more than the house’s age. Read More
NEWS BITES
Sydney’s Largest Beachfront Property May Be Close to Selling After seven years on and off the market, Sydney’s largest private bit of beachfront is rumored to be close to being sold. Marara, which is owned by the co-founder of Mortgage Choice Peter Higgins, has 119 meters of sand, a deep waterfront, and a jetty on 12,685 square meters of waterfront. The property’s guide price is A$26 million (US$21 million), which includes three homes, two boathouses, a jetty and a slipway. Realestate.com.au
Ontario Real Estate Association Seeks Higher Fines for Rule-Breaking Agents The Ontario Real Estate Association would like to see fines doubled for real estate agents who break rules, considering how big the commissions are in the county’s highly inflated market. The association produced a white paper proposing that brokers who violate the ethics code from the Real Estate and Business Brokers Act should pay a fine from C$50,000-$100,000 (US$40,000-$80,000). Last year, the average fine was just C$6,000 (US$4,789). BNN
Dubai’s Business Bay Named in Top 10 of World’s Coolest Neighborhoods Lonely Planet named Dubai’s Business Bay one of the world’s coolest neighborhoods, alongside must-visit areas in New York, Lisbon and Florence. It is the perfect place to live, according to the travel experts: on the waterfront, south of downtown Dubai, and intersected by the Dubai Canal, with a 12-kilometer boardwalk. There’s good ferry access, and a farmers’ market on Bay Avenue. Many new projects, including parks, marinas, hotels, cafes, stores and playgrounds are set to improve the quality of the neighborhood further. Khaleej Times
1010 Brickell is Completed and Sold Out for $262 Million 13th Floor Investments and Key International have just completed 1010 Brickell, a Miami condominium tower directly across the street from the Tenth Street Promenade Metromover station and close to the Shops at Mary Brickell Village. The 389-unit building, 50-story building designed by Sieger Suarez is 99% sold, with only three units to go, and a total sales price of $262 million. Sales launched in 2013, and the remaining units range in price from $920,000 to $1.4 million. The Real Deal Miami
AROUND NEWS CORP
Home-Price 'Zestimates' Live on as Zillow Wins Lawsuit Dismissal [MarketWatch]
The New Gated Community: More Land, Fewer Neighbors [The Wall Street Journal]
America's 20 Hottest Real Estate Markets for August 2017 [Realtor.com]
Own the $17M Estate That Inspired 'The Great Gatsby' [New York Post]