Refinancing at the right time can save big

Loan Market CEO David McQueen.

ANALYSIS

This week it is widely anticipated we will see a cash rate cut, which would mean a decrease in interest rates in the weeks following, putting more money in the pockets of homeowners. We saw the first cash rate cut in over four years in February, and following that, Loan Market data shows a 63 per cent increase in refinancing activity.

Homeowners have been paying some of the highest interest rates we have seen in a decade and they are ready to move to a better deal. If there is another cut on Tuesday, we expect to see a lot of movement as people look to other lenders.

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Here is why.

Let’s look at an example of how much a homeowner could save. If the RBA cuts the cash rate by another 25 basis points, the total reduction since February would be 50 basis points. Say you had a $750,000 home loan on a 30-year term with a fortnightly repayment and your interest rate at the start of the year was 6 per cent p.a. – a 50 basis point cut would move it to 5.50 per cent p.a. That could save over $3500 in interest in the first year alone.

MICHELLE BULLOCK RBA ESTIMATES

RBA Governor Michele Bullock is expected to hand down a rate cut on Tuesday. Picture: Martin Ollman

But here’s the insight: not all lenders will pass on that cut in full. While most passed on the February drop, history shows many banks hesitate when it comes to lowering rates. And when the cuts do come, they can be partial or delayed. Some also offer better interest rates to new customers than existing ones. This means not shopping around can lead to paying a loyalty tax.

Let’s say you refinance and lock in a full 1 per cent reduction. That simple move from 6.5 per cent p.a. to 5.5 per cent p.a. on a $750,000 mortgage could save over $170,000 over the life of the loan. That’s a big enough saving to make homeowners sit up and take notice.

If you don’t compare your loan regularly, chances are you’re paying more than you need to. Knowledge is power, enabling you to negotiate your rate with your current lender, or switch to a better deal if they don’t come to the table.

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Staggering reason Aussies won’t get a rate cut

The other trend we are seeing is over three in four home loans are prepared by mortgage brokers. This is because there are hundreds of lenders in Australia and thousands of loan products. Brokers can run the comparison on your behalf and let you know if refinancing is right for you and how much you could save if you switch.

David McQueen has five tips to make the most of lower interest rates.

If you’re ready to take control, here are five simple steps that can help you make the most of lower interest rates:

Keep your repayments the same

Even if your lender reduces your minimum repayments, if you can, stick to the higher amount. You’ll pay off your loan faster and save big on interest.

Compare and renegotiate your rate

Understand what rates are available and talk to your lender. It never hurts to ask for a lower rate, and if they won’t offer a competitive deal, it could pay off to switch.

Use your offset account wisely

Extra savings in an offset account reduce the interest on your loan without locking up your money. They’re a quiet achiever in your financial toolkit.

Make extra repayments

If you receive additional money, such as from a bonus or tax return, consider putting it toward your home loan. This could help you save on interest and pay off the loan sooner.

Talk to a mortgage broker

A broker can look at a holistic picture of your situation to determine if the structure of your loan is right for you. If you’re not using all the features in your loan, the switch to a more basic loan could potentially save you money.

David McQueen is the CEO of Loan Market.

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Rate cut frenzy: RBA decision will show how good your home loan really is

With the Reserve Bank of Australia (RBA) expected to cut the cash rate again tomorrow — perhaps by a whopping 0.5% — buyers should be consulting their mortgage brokers to ensure they’re getting the best deal.

We are almost certainly expecting the RBA to cut the cash rate on tomorrow in response to US president Donald Trump’s tariffs, which are continuing to fuel a global trade war and recession fears despite recent cooling.

A move next week would follow the 0.25% cut in February, which was the first cash rate decrease since November 2020.

With consumer prices decelerating quicker than expected and underlying inflation finally back within the RBA’s 2-3% target range, the central bank has some wriggle room.

For mortgage holders, property investors and first-time homebuyers, this is “fantastic news”, according to Melbourne-based Mortgage Choice broker Luke Camilleri.

“After the Royal Commission, COVID and consecutive rate rises, we’re definitely seeing the sunshine after the rain,” he said.

On a $500,000, 30-year loan, repayments decrease by approximately $80 per month for every 0.25 basis point cut, or $160 for a double rate cut.

Mr Camilleri says enquiry levels have been high since February’s rate cut, although global economic uncertainty and the federal election had caused hesitation.

“A lot of people are ready to go but not transacting; they’re waiting,” he confirmed.

In a time of uncertainty, and with another rate cut poised to boost the mortgage market, it’s an ideal time to consult your mortgage broker.

Here are some questions worth asking.

How will another rate cut impact property prices?

Home prices across the county climbed 0.2% in April, which REA Group senior economist Anne Flaherty has attributed to positive buyer sentiment after February’s rate cut.

“Expectations that further cuts are on the cards are supporting buyer sentiment,” she added.

Another rate cut could draw more first-time buyers and existing property owners looking to upgrade into the market, increasing competition and potentially raising prices.

REA Group senior economist Anne Flaherty says buyers are feeling confident ahead of further rate cuts. Picture: supplied

For this reason, rate cuts present mixed outcomes for buyers, Mr Camilleri says.

“Every cut improves borrowing capacity, but also fuels market interest, driving up prices. This can evoke ‘FOMO’, where buyers feel pressure to get in quickly before they miss out.”

Should I have bought before the election?

Federal elections typically cause short-term jitters in the property market as buyers, sellers and investors await potential leadership changes and policy impacts.

With housing policy central was central in this year’s poll, not everyone delays making big decisions until the outcome is clear.

Prime minister Anthony Albanese has pledged to allow first homebuyers to purchase with a 5% deposit, avoiding Lenders’ Mortgage Insurance, and plans to allocate $10 billion to build 100,000 new homes exclusively for first-time buyers.

Mr Camilleri advises first-time buyers with budgets under around $1 million not to waste time however, as some policies may not be implemented immediately or may take time to take effect.

“You don’t want to be competing with a surge of first homebuyers entering the market at the same time,” he says.

For buyers not in the lowest tier of the market, he cautions against holding back as prices continue to rise.

How will banks react to a double rate cut?

Banks aren’t obliged to pass on RBA rate cuts, but with cost-of-living pressures, they face considerable pressure to pass on at least some of the decreases to borrowers.

Mr Camilleri believes banks will likely pass on the cut, possibly even a double cut.

“Many banks, especially smaller ones, automatically pass on RBA cuts, which pressures competitors to do the same.”

Smaller lenders could be more likely to automatically pass on cuts directly to home loan customers. Picture: Getty

Even without official cuts, there’s room for negotiation, he adds.

“Banks often offer ‘under-the-table’ pricing, not openly advertised, but available through brokers who can secure better rates.”

Your broker will be clocking lenders’ responses carefully.

Should I stay with my current lender or refinance? 

Rate cuts tend to invigorate the property market, and banks are eager to capitalise, making it an ideal time to shop around for the best mortgage deal.

You may not need to switch banks; simply asking your current lender for a better rate can be effective.

“A broker will first negotiate with your current lender on your behalf. Sometimes, suggesting you’re considering refinancing can lead to better offers. If not, we can initiate the refinance process,” says Mr Camilleri.

He says mortgage holders should review the market every couple of years.

“Brokers have up-to-date interest rates from lenders and a diligent one will track these rates for you.”

Do I have to reduce my repayments?

Even if a rate cut reduces your mortgage interest, continuing to pay the same amount can help you pay off your loan faster.

Review how your repayments are set up: your direct debit may adjust automatically to the new minimum payment, or you may need to request this reduction.

“Some people get their nose out of joint and claim they’re overpaying if their payments don’t decrease, but maintaining the same payment can help you get ahead on your loan,” says Mr Camilleri.

“You can always leave it at the same rate for six months and see how you go.”

What should I do with my investment property or properties?

Property investors generally face higher interest rates than owner-occupiers. Another rate cut may buy them more options, both in how much they can borrow and also how they structure their loan, says Mr Camilleri.

“Most banks lend you less if your repayments are interest-only, leading many investors to choose principal and interest loans in recent years. However, those with owner-occupied debt might benefit more from an interest-only investment loan, allowing them to focus on reducing their non-tax-deductible home loan.”

With lower rates, borrowing capacity increases, allowing some investors to switch from principal-and-interest to interest-only repayments, extend loan terms or put more funds towards their home loan, he adds.

“Alternatively, they could opt for principal and interest to pay off their investment loan quicker.”

This article first appeared on Mortgage Choice and has been republished with permission.

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How home buyers, sellers could be the biggest winners from this real estate race

If you’re buying or selling a home this year, you might notice your local real estate agent may be sharper, better trained and more focused on your property journey.

It’s due to a new initiative called the ‘Race for real estate sales supremacy’, which is a 12-week training challenge involving some of Australia’s top real estate agencies.

While it might sound like a competition for bragging rights, the real winners are tipped to be everyday buyers and sellers.

“This whole thing was about finding a fun way to improve how we work, and the result is that our agents are just better at helping people through what can be a pretty stressful process,” McGrath Parramatta director Kon Stathopoulos told realestate.com.au.

Agents from McGrath, Harris Real Estate, Marshall White, Ray White, Bresic Whitney and Place Estate Agents are taking part.

More than 700 sales agents and 100 property managers have been put through their paces since April, with challenges set around client relationships, listings and sales, and more.

There’s even a national leaderboard to track performance, but it’s not just about selling the most houses.

“It’s about who consistently delivers great results and great service,” Mr Stathopoulos said.

More than 700 real estate agents and over 100 property managers are participating in the Race for real estate sales supremacy initiative. Picture: Lisa Maree Williams/Getty

For home sellers, Mr Stathopoulos said your agent is more likely to know exactly how to market your home, find the right buyers and negotiate the best price.

For buyers, it means dealing with someone who understands how to guide you through inspections, offers and contracts, he said.

“A better-trained agent gives you a better experience, it’s that simple,” Mr Stathopoulos said.

“When someone knows what they’re doing, you feel it straight away.”

The program includes online training sessions featuring some of the country’s top-performing agents.

Hundreds of staff from different agencies have been tuning in live or watching the videos later, and then taking those lessons straight back to their clients.

Home sellers and buyers are tipped to be the biggest winners. Picture: Getty

“It’s been amazing to watch, people learning and taking notes, then going out and using those skills in real situations,” he said.

Importantly, the training hasn’t just been for sales staff. Property managers, who look after rental homes and deal with landlords and tenants, have also been involved.

With new rental laws rolling out across various states, this kind of up-to-date training helps managers give better advice and service to both renters and owners.

“We’ve seen agents share exactly how they handle hundreds of transactions a year and still get five-star reviews from clients,” Mr Stathopoulos said.

“That kind of knowledge is powerful and now it’s being shared across the country.”

The competition wraps up at the end of June, but organisers say the momentum won’t stop there, with other agencies and sponsors already lining up to take part in future rounds.

“This is just the beginning and if it means Australians have a better experience buying or selling their home, then we’ve done something pretty special,” he said.

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How will Moody’s downgrade of US debt affect mortgage rates?

To add to the list of dramatic events in 2025, Moody’s downgraded U.S. credit by one notch on Friday — from Aaa to Aa1 — raising concerns about mortgage rates. Moody’s pointed to increasing debt and interest payment ratios notably higher than those of comparable sovereign nations.

This downgrade has sparked a range of reactions among market participants, with some suggesting that it may be politically motivated, given the timing and challenges facing the Republican budget and tax cuts. Many argue that the U.S. should not be directly compared to other sovereign nations. Nevertheless, we need to consider the implications of this downgrad on mortgage rates and the housing market.

10-year yield reaction

The downgrade occurred late Friday, leading to minimal market movement, however, bond yields did tick up a few basis points that afternoon. As I write this on Sunday evening, the 10-year yield is trading at 4.48%, with little reaction on Sunday night trading. The debt downgrade itself does not have any legal ramifications, meaning that certain banks or countries are not required to sell their Treasuries, which would typically drive rates higher.

This situation differs from corporate debt, where a downgrade to junk status would compel firms or the company itself to take action. This explains the lack of significant movement following the announcement. 

When S&P downgraded the country’s debt in 2011, the 10-year yield moved lower as QE2 ended and continued to do so after the downgrade on Aug. 5, 2011. We were not facing inflation concerns then and were still experiencing a sluggish recovery from the Great Financial Crisis. So the economic backdrop was much more important back then.

In August 2023, Fitch downgraded U.S. debt just before a key Federal Reserve meeting. At that meeting, the Fed raised interest rates with a hawkish tone, pushing the 10-year yield toward 5%. Shortly after the meeting, the Fed indicated to the market that the rate-hike cycle was over, which led to a massive rally in the bond market, causing the 10-year yield to decrease from 5% to nearly 3.80%.

chart visualization

In my opinion, what has been happening with the economy and the Federal Reserve during the last two downgrades is more critical for the 10-year yield and its immediate reactions than the downgrades themselves. The bond market has been quite volatile this year, and the Fed seems uncertain about its next steps. Additionally, we still don’t have a complete resolution to the trade war.

Any adverse reaction from this event may lead mortgage rates toward 7.25% or higher, which would be the year-to-date high in 2025. What matters for the bond market and mortgage rates is what is happening with the economy and Fed policy, as my examples for the past two downgrades show.

The timing of this downgrade was intentional, as the budget proposed by the Republicans is set to increase the national debt. This is not shocking because all budgets raise the debt; we cannot balance the budget within our demographics and low tax rate base. In 2019, I wrote an article predicting that the debt could reach $71 trillion by 2060, and that estimate was considered conservative at the time.

Conclusion

I am writing on Sunday night and there is currently a mild reaction in the bond market, but I wanted to provide some context regarding what has happened in the past with the two previous downgrades of U.S. debt and how the 10-year yield has responded.

This year has presented us with many challenges that weren’t part of our 2025 game plan.
Despite that, the latest Housing Market Tracker data indicates that existing home sales have shown remarkable resilience, partly because they are rising from historically low levels. Over time, all dramatic events end and this downgrade will be another addition to that list. In the long run, this downgrade may not be as significant an issue as the headlines suggest.

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Middle Park home with cathedral-style rear lands Melbourne’s top auction of the week, $1m+ bonus

This grand Edwardian in Middle Park sold for a standout price after more than 100 buyer groups inspected the home.

A Middle Park Edwardian has blitzed Melbourne’s auction leaderboard with a $5.53m sale under the hammer that topped expectations by a whopping $1.53m.

The four-bedroom home at 100 Wright St clocked up more than 100 groups through its doors, across a hotly contested four-week campaign before a trio of serious bidders sent it soaring past its $4.1m-$4.3m price guide.

According to PropTrack’s weekly sales results data, it’s the highest publicly reported auction since 434 Gore St, Fitzroy, fetching $5.7m in the first half of April, a sign the market may be regaining momentum after a stop-start period caused by public and school hoidays around Easter and Anzac Day.

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Jellis Craig Port Phillip director Warrick Gardiner said the sale price well exceeded what the vendors and he had hoped for.

“It was an outstanding result for the owners,” Mr Gardiner said. “

“It’s a solid brick Edwardian with a north-facing rear and great street appeal, and that mix of period charm and potential really struck a chord.”

Owned by the same family for 25 years, the home featured ornate Art Nouveau elements, a bay-windowed lounge room, soaring ceilings, tessellated hallway tiles, and a main bedroom on the ground floor.

A private north-facing backyard with alfresco kitchen and garden views was a major drawcard for lifestyle-driven buyers.

The formal lounge showcases original Edwardian features including leadlight bay windows, high ceilings and ornate fireplace detail.

But what truly turned heads was the back end, a cathedral-like living space with timber-lined ceilings, arched windows and stained glass, inspired by ecclesiastical design.

Mr Gardiner said while the rear renovation had been completed decades ago, most prospective buyers were planning to modernise it.

“That part of the home isn’t original Edwardian, but it was clearly done with care,” he said.

“It just needs a refresh now, and most of the interested parties were looking to do exactly that.”

Soaring cathedral-style ceilings and arched timber trusses add drama to the home’s rear extension.

A marble-tiled bathroom with garden outlook and premium fixtures complements the home’s refined period character.

The Jellis Craig Port Phillip director said the home attracted a mixed buyer pool, including downsizers from large blocks in the eastern suburbs who were drawn to the single-level layout and ground-floor main bedroom, and young Middle Park families upgrading from smaller cottages.

“That created a bit of a pressure-cooker effect,” Mr Gardiner said.

“When you have multiple buyer groups recognising the same value, that’s when things really take off.”

Striking renovation choices gave the home a religious feeling that worked for buyers.

This elegant bedroom features high ceilings, decorative cornices and a working fireplace framed by original marble.

Mr Gardiner said the home’s red-brick facade and original leadlight were the biggest visual drawcards, while its rare 408sq m block and zoning for Albert Park College sealed the deal for many.

“Middle Park is notoriously hard to get into,” he said.

“There’s not a lot of home’s like this and people hold for generations, you’ve got the beach at the end of the street and the CBD 2.5km away.

“Once you’re in, you don’t want to leave … it’s the kind of property you wait decades for.”

The kitchen blends period charm with practicality, featuring timber cabinetry, stone benchtops and a walk-in pantry.

Stained glass and arched cathedral-style windows create a striking focal point in the rear living space, inspired by traditional ecclesiastical design.

The winning buyers were a downsizing couple from Melbourne’s leafy east, seeking something character-filled, but more manageable.

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david.bonaddio@news.com.au

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Inside the Noosa house crowned ‘Australian Home of the Year’ 

A house built to cope with Queensland’s climate has been named Australian Home of the Year for 2025. 

The kitchen at Blackwood, which has been crowned Australian Home of the Year by the HIA. Image: HIA/Sarah Waller Building

From the architectural firm Sarah Waller Building, the brand-new build dubbed “Blackwood” has been turning heads ever since its completion. 

Blackwood has just been crowned Australian Home of the Year by the Housing Industry Association (HIA), but while that’s perhaps the biggest feather in its cap so far, it’s not the first. The home has picked up more than a dozen awards so far at both the Queensland and regional Sunshine Coast HIA awards. 

A 21-metre pool can be viewed from many of the living spaces at Blackwood. Image: HIA/Sarah Waller Building

At the national ceremony, which recognises excellence in the new home building industry, Sarah Waller Building received not only the top award, but also the gong for best custom-built home. 

The Sunshine Coast-based architect benefits from this house in more ways than just awards.  Not only has it delivered her a high level of acclaim, but Ms Waller also gets to live in this impressive construction – it’s the family home she’s built for herself in the Noosa hinterland suburb of Doonan. 

Defined by a modern exterior made of concrete and black timber cladding, the home was described by the judges as a marriage between “bold architectural design and functional living”.

Black timber cladding and concrete dominate the exterior. Image: HIA/Sarah Waller Building

The pavilion-style home is set across subtle cascading levels on a sprawling 1.9 acre lot. Indoor and outdoor living blend seamlessly here, with multiple alfresco areas and huge windows, sliding doors, and glass louvers that allow natural light and airflow, while framing the surrounding subtropical environment. 

A 21-metre backyard pool with concrete built-in lounges offers the perfect place to cool off from the Queensland heat. 

Importantly for Ms Waller, this home has been designed to incorporate multi-generational living, with a fully self-contained studio on the block as well. 

The home has five bedrooms and five bathrooms. Image: HIA/Sarah Waller Building

A monochromatic colour scheme dominates inside too, with a black kitchen, white stone, and more concrete for thermal mass to help regulate the home’s temperature. 

All together it encompasses five bedrooms, five bathrooms, a powder room and a five-car garage. 

Blackwood sits on a 1.9 acre block in the suburb of Doonan. Image: HIA/Sarah Waller Building

HIA managing director Jocelyn Martin congratulated Ms Waller and the other winners across the 25 categories, stating that to have taken home an award at the 17 May event meant that one must be “at the pinnacle of residential building”. 

“The winning projects redefine what’s possible in terms of design and innovation, setting new standards for the industry,” Ms Martin said. 

Interested in learning more about home building in Australia? Check out our dedicated New Homes section. 

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The heritage homes carefully preserved by new developments

By blending the old with the new, these homes offer a fresh take on modern design, infused with historic charm. 

Across Australia, many new developments are honouring their heritage and incorporating structures long beloved by their communities into modern design.   

This charming mix appeals to those who love historical beauty with today’s conveniences. From grand restorations to subtle touches, these projects show a dedication to preserving history while meeting the needs of modern living.   

By celebrating traditional architecture, these homes offer unique living experiences that stand out in a world of look-alike buildings. 

Here are three new developments that beautifully preserve the past. 

Ballamac Coogee, NSW 

Located on Coogee’s northern headland, Ballamac by Central Element is mixing old and new with its boutique collection of eight homes across two buildings.  

Ballamac House has been seamlessly integrated into the new development. Picture: realestate.com.au

For almost 175 years, Ballamac House has been a historic icon in Sydney’s eastern suburbs. Its meticulous restoration elegantly reimagines its illustrious spirit, reflecting Coogee’s charm, authenticity and natural beauty.  

Now, the new development sits behind the restored sandstone façade of the original estate and is reimagined with heritage character and contemporary design.  

There are two full-floor houses called the Ballmac Residences and six apartments three-bedroom apartments – the Ocean Residences.  

The houses feature high ceilings, curved entryways to amplify their grandeur, meanwhile a restored fireplace and plasterwork  nod to the area’s history.  

Set closer to the water’s edge, the apartments feature floor-to-ceiling glass doors with stunning views from Wedding Cake Island to the horizon and open-plan interiors connect seamlessly to ocean-facing balconies. 

Brougham Gardens, South Australia 

In North Adelaide, Brougham Gardens offers new apartments framed by two significant buildings from the community’s past.

Brougham Gardens features two heritage-listed houses. Picture: realestate.com.au

The Moto Projects development features a collection of 10 apartments and two restored heritage residences, just a few minutes’ walk from protected parklands.  

State listed Ebenezer Chapel and local heritage listed Victorian villa have been crafted into two standalone homes, and serve as the centrepiece of the design according to architects Stallard Meek Flightpath Architects.  

The restored Ebenezer Chapel features multiple living spaces, a grand entry, and marble accents and herringbone timber flooring. The thoughtfully designed floor plan offers flexibility with carpeted bedrooms, a walk-in pantry and extensive storage.  

Meanwhile the local listed heritage home offers four bedrooms, three bathrooms plus a powder room.  

A lift and extensive storage ensure convenience, while multiple living areas provide flexibility for modern family living.  

The new apartments are staggered in the background to reduce visual impact, while residents can enjoy views of the Adelaide Hills, city skyline, and St Peter’s Cathedral. 

Each residence has open plan living with stylish stone features, timber floors and lush private terraces. 

Fernhurst, Victoria

Nestled in Melbourne’s inner-city suburb of Kew is Fernhurst, a collection of seventeen apartments and three houses – one being a restored heritage house.  

One heritage house sits within ANGLE’s Fernhurst development. Picture: realestate.com.au

ANGLE’s development is positioned on a leafy green side street in Studley Park and conveniently located close to Kew Junction.  

According to the developer, due to zoning and heritage restrictions, this is one of the last remaining apartment development sites in this precinct. 

The heritage house, 15 Fernhurst Grove, is a restored and expanded four-bedroom, four-and-a-half home with a total area of 746sqm. 

The ground floor opens up to a spacious north-facing courtyard, providing a private garden oasis complete with an outdoor kitchenette and designated entertaining area, perfect for year-round enjoyment. 

Inside, high ceilings and an open-plan living area feature a kitchen equipped with premium Gaggenau appliances and Brodware tapware, complemented by a scullery ideal for effortless entertaining.  

The exterior showcases a terracotta façade, blending beautifully with the rich brickwork and highlighted by deep colours.  

Are you interested in off-the-plan properties? Check out our New Homes section.  

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Real reason Natalie Portman quit US to live in France

THOR: LOVE AND THUNDER

Natalie Portman as Mighty Thor and Chris Hemsworth as Thor in Marvel Studios’ Thor: Love and Thunder. Picture: Marvel Studios

Natalie Portman has shed light on her decision to leave the US and move to France, where she is raising her family.

The Oscar winner ditched Los Angeles and moved to Paris when her then-husband Benjamin Millepied accepted a job as the director of the Paris Opera Ballet.

The “Black Swan” actress shares two children, Aleph, 13, and Amalia, 8, with Millepied.

Speaking with Marie Claire, Portman said Paris was “one of the most exciting places to be in the world,” while praising the city’s impressive art scene.

“It’s really central in terms of the arts. It feels like things are happening in L.A., you know?” she said.

“New York is more where art is bought than where art is made.

“When Ben asked me if I wanted to go to Paris, I freaked. Everyone dreams of living in Paris.”

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Natalie Portman and Benjamin Millepied. Picture: Jon Kopaloff/Getty Images

The couple ended up calling it quits after Millepied had an alleged affair with a 25-year-old climate activist named Camille Étienne.

The New York native stayed in Europe following the break-up with Millepied, revealing the Parisians understand her boundaries.

“They’re very good at privacy here,” she told Net-a-Porter.

“I feel like the biggest compliment is ‘elle est très discrète’ [‘she is very discreet’].”

The Hollywood starlet said she also enjoys soaking up all the culture the European city has to offer.

“Even when it’s cold and grey, there’s always some incredible exhibit or concert or dinner party or writers in town; something fascinating and stimulating happening … and the frequent vacations are so clutch!” she said.

The 43-year-old pushed back on a stereotype that Parisians are “rude”, pointing out the “weird” social differences between the US and France.

“I find the people here are actually incredibly friendly – you just have to know how to interact, so that we’re not the ones being rude,” she said.

“Now, when I go back to the US, I’m like, oh, I would go into a store and not say hello to everyone there? It’s weird.”

“I think we have an assumption that Western cultures are all the same, and kind of evened out by all this pop culture that everyone consumes. It’s not true: it’s extremely specific here.”

THOR: LOVE AND THUNDER

Natalie Portman as Mighty Thor and Chris Hemsworth as Thor in Marvel Studios’ Thor: Love and Thunder. Picture: Marvel Studios

However, Portman has not cut all ties with the US.

The “Star Wars” actress retained residence in Los Feliz, Los Angeles she purchased in 2009 for $US3.3 million.

Eight years later, Portman purchased a second California property in Montecito, which she picked up for $US6.5 million in June 2017.

However, she quietly offloaded the home in an off-market deal in 2021 for $US8 million after relocating to France.

According to Realtor, the sale netted the “V for Vendetta” star a tidy profit, with $US1.5 million more than she bought it for.

Portman’s career has continued since she moved to Europe.

The actress racked up numerous credits since she relocated in 2014, including roles in Marvel’s blockbuster “Avengers” series.

She’ll make her next appearance in the Guy Ritchie-directed heist movie, “Fountain of Youth,” in which she stars alongside John Krasinski.

Parts of this story first appeared in Realtor and was republished with permission.

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Twin historic duplexes with Sydney Harbour views up for grabs

After more than a century as maritime accommodation and social housing, this dual-occupancy terrace has undergone a spectacular renovation under its first private owner, and now awaits its second.

It will be a very particular buyer who snaps up two renovated historic duplexes in Sydney’s famous Rocks precinct.

9 and 9A High Street, Millers Point. Picture: realestate.com.au

Not only do they need to have plenty of cash — the pair are selling under the same title for $5.9m — they also need to be comfortable with the compact garden and the outdoor staircase.

But for the right buyer, the dual-occupancy terrace at 9 and 9A High Street, Millers Point is a huge score: a slice of Sydney history, a knockout renovation, harbour views and a stunning city location.

These two residences, each with three bedrooms, two bathrooms and separate living and dining areas, began as public housing owned by the Maritime Services Board in the first decade of the 20th century. The terraces aimed to improve living conditions for those working on the harbour’s wharves.

9 and 9A High Street, Millers Point. Picture: realestate.com.au

The two workers’ cottages at Coodye House were also part of the government’s broader urban redevelopment push after the 1900 bubonic plague outbreak. The state held onto the terraces until listing them as single titles in a public housing sell-off in 2016.

Bill Marynissen and his wife Angela became the terrace’s first private owners for $3.44m, intending to use the top level as a city pied-à-terre and rent out the lower level for extra income.

“It was pretty rundown but we loved it,” said Bill. “It has that historical feel and is so close to the city and The Rocks. We also liked the flexibility of having two properties on one title.”

9 and 9A High Street, Millers Point. Picture: realestate.com.au

The Marynissens renovated in 2019 and 2020, working with Virginia Kerridge Architect and Weir Phillips Heritage. Coodye House is now almost unrecognisable from its earlier days, much like its evolving waterfront suburb of Millers Point.

The residences now shine with streamlined kitchens with bespoke brass finishings, recycled Blackbutt flooring, exposed brickwork, restored fireplaces and eclectic colourful bathroom tiles.

9 and 9A High Street, Millers Point. Picture: realestate.com.au

The vibrant colour and modern craftsmanship alongside charming, century-old details saw Coodeye House recognised as a finalist in the National Trust Heritage Awards in 2021.

“We aimed for a juxtaposition of old and new,” said Bill. “We’ve infused a modern, eclectic feel with playful colours. From the outside, it’s quite surprising what’s on the inside.”

And despite the inner-city location, there’s impressive outdoor space. The ground floor opens to a landscaped garden courtyard, while the upper level boasts a private rooftop terrace and a verandah with harbour views to Balmain.

9 and 9A High Street, Millers Point. Picture: realestate.com.au

The Marynissens also added an ensuite bathroom on each level — uncommon for properties of that era — and separated the utilities, easing potential division and strata in the future.

Agent Francis Egan at Sydney Sotheby’s Double Bay describes the renovation as “exceptional”.

“There’s extensive custom joinery, custom metalwork and a high-end finish. The owners have put so much emotion, care and expense into the property.”

9 and 9A High Street, Millers Point. Picture: realestate.com.au

But Mr Egan admits the property isn’t for everyone, prompting a revision from the original $6.8m price guide.

“The profile of the future owner is quite unique. We’ve seen interest from investors, multigenerational families and retirees wanting to downsize while earning rental income; these duplexes would rent for $1,600-1,800 per week,” he said.

9 and 9A High Street, Millers Point. Picture: realestate.com.au

“But because access to the upper level is accessed via an external staircase, you miss the family segment of the market.”

Coodye House is just 20m from historic stairs leading to Barangaroo restaurants, Crown Towers and waterfront parklands, and is moments from The Rocks, Walsh Bay theatre district, Dawes Point, Barangaroo and King Street Wharf.

9 and 9A High Street, Millers Point. Picture: realestate.com.au

The Marynissens say they will miss the location, but with Bill retired and the couple spending more time on the NSW South Coast, they’re selling up.

“We’ve loved its position in a historic area yet so close to city amenities,” said Bill. “Over time we’ve even grown to love the view from the roof terrace towards the Barangaroo towers.”

The property goes to auction on Monday 2 June at 5.30pm.

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Inside the ‘wow-factor’ Brighton wellness mansion attracting ‘very well-known names’

2B Maskell St, Brighton, comes with an impressive array of wellness features that’s tempted ’very well known’ locals to come for a peek.

Want to live like entrepreneur Rebecca Judd or My Kitchen Rules star Zana Pali?

A newly completed residence at 2B Maskell St, Brighton, has hit the market with a price guide of $4.2m-$4.6m that could have you rubbing shoulders with the suburb’s elite — possibly during the inspections.

The home spans three levels and features its own underground wellness centre, complete with a marble-tiled indoor pool, sauna, spa, and fully equipped change room.

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Listed through Kay & Burton Bayside’s Matthew Pillios, the four-bedroom home is already attracting attention from prestige buyers seeking health, luxury and low-maintenance living in one of Melbourne’s most exclusive postcodes.

“We’ve had interest from some very well-known names in the fitness and wellness space, people who know quality, design and value the lifestyle this home delivers,” Mr Pillios said.

“It’s a wow-factor home, and you feel that the moment you walk through the door.”

The underground wellness centre includes an marble-tiled pool, spa, sauna and full bathroom, a rare luxury offering in Brighton homes.

Natural light and relaxed living spaces add to the home’s appeal.

Positioned in a quiet cul-de-sac just moments from Bay and Church St shopping and dining, and within walking distance of Brighton Grammar, Firbank and the foreshore, the home offers a rare combination of calm, privacy and walkability.

Originally intended as the sellers own family home, the build includes commercial-grade triple-glazed windows, oak chevron parquetry, Tundra marble throughout, and subtle curves that guide the eye from the circular skylight to the sculptural staircase and down to the lower level.

Oak chevron parquetry, a circular skylight and curved staircase create a “wow-factor” living zone at the heart of this Brighton sanctuary.

The home includes a secure double garage with internal access, ideal for lock-up-and-leave buyers seeking privacy and convenience in Brighton.

“It’s not a spec build — it was designed to live in long-term. There’s real heart in this home,” Mr Pillios said.

The wellness level also features a multipurpose lounge for pilates, movie nights or recovery, while upstairs, three additional ensuite bedrooms join a ground-floor guest suite.

The main bedroom includes a private balcony, dressing area, freestanding bath and a walk-in robe worthy of any boutique hotel.

The custom sauna sits within the home’s wellness retreat, a premium inclusion rarely seen in Brighton’s prestige property listings.

Full-height glazing and a feature fireplace elevate the main living space, which flows to a landscaped north-facing terrace.

A low-maintenance terrace connects to the main living domain, where full-height glazing and a feature fireplace set the tone, and the designer kitchen includes Miele appliances, a butler’s pantry, integrated refrigeration, and dual dishwashers for effortless entertaining.

The outdoor terrace is framed in low-maintenance greenery, designed to climb and create natural privacy in the heart of Brighton.

The kitchen features Tundra marble, dual dishwashers, and integrated Miele appliances, seamlessly connected to a butler’s pantry for entertaining.

Additional features include lift access to all floors, alarm system, CCTV, zoned ducted heating and cooling, underfloor heating, remote blinds, garden irrigation and a double garage with internal access.

The property also comes with seven years of builder’s warranty, a significant advantage in a market short on new, high-calibre homes.

Expressions of interest close at 5pm on May 20.

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