Australia’s Home Prices Up 6.6% Since Last Year
Prices rose 7% in capital cities and 4.9% in regional areas. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
An Innovative Home on 67 Acres in a Temperate Canadian Spot
A long pool of circulating seawater provides geothermal heating and cooling for this house on Vancouver Island. Read More
DESIGNER'S CORNER
Design Tips for Home Libraries
How to use light, color and, of course books, to create a perfect spot to read. Read More
NEWS BITES
Hong Kong Home Prices Unlikely to Decline This Year, Say Experts Hong Kong secondary home prices for September rose at their slowest pace in nine months, but that still marked the 18th straight month of growth in the city, and experts don’t expect prices to actually decline before the end of the year. Hong Kong’s home price index rose 0.26% for the month, slower than the 0.4% growth in August, and 0.3% growth in July. South China Morning Post
A $6 Million Key Biscayne Condo Will Accept Payment in Bitcoin An oceanfront condo at luxury development Oceana Key Biscayne has hit the market for $5.95 million, and the owner is willing to accept payment in bitcoin, according to the broker. The four-bedroom, five-and-a-half bathroom unit includes marble flooring, 10-foot ceilings, a private elevator, and 1,000 square feet of terrace with waterfront views. The current price is equivalent to around 934 bitcoins. Curbed Miami
U.K. Home Price Growth Increased in October The U.K.’s annual rate of house price growth increased from 2.3% in September to 2.5% in October, according to Nationwide’s house price index, though prices themselves were only up 0.2% month, down from 0.4% monthly growth in September. The likely rate rise Thursday is only expected to have a "modest" effect on U.K. households, per Nationwide’s chief economist. City A.M.
Third Quarter Rents Are Up in India’s Eight Biggest Cities While sales prices have only risen 2% in the third quarter, rents have increased by as much as 5% in India’s eight major cities, according to a report from realty portal 99acres. For instance, Hyderabad’s home prices rose 2% while rents increased by 5%; Bengaluru saw a 1% sales price drop but a 3% rent increase; Mumbai had stable sales prices but 2% rent growth; and Chennai sales prices increased 1% while rents increased by 2%. However, outlook for the sales market is also positive, and Narasimha Jayakumar of 99acres noted that sales are likely to pick up this season, particularly in light of favorable interest rates. The Hindu Business Line
AROUND NEWS CORP
Michael Dell In Contract to Buy Massive Boston Penthouse [The Wall Street Journal]
The New Grand Plan to Rescue the Market [The Times of London]
Floyd Mayweather Eyes $29M Penthouse in New York [New York Post]
Hardball Fouls: 6 Home-Selling Negotiation Strategies That Can Backfire [Realtor.com]