Since peaking at 246 offices in Q4 2023, RE/MAX’s mortgage franchising business has experienced declines for five consecutive quarters.
SERHANT. has expanded its footprint to Palm Beach Island, Florida, with the addition of Gary Pohrer, a top-producing agent and longtime local resident.
Pohrer, who has closed more than $2.5 billion in career sales, brings more than two decades of experience in the luxury real estate market. That includes a record $106 million sale on South Ocean Boulevard.
He has completed more than 25 transactions exceeding $30 million and has ranked among the nation’s top two agents for five consecutive years at his previous brokerage, Douglas Elliman.
“Gary Pohrer is one of the most trusted and accomplished names in Palm Beach Island real estate, and we are proud to welcome him to SERHANT.,” said Ryan Serhant, CEO and founder of SERHANT.
“His extraordinary track record, deep-rooted knowledge of the island, and unrivaled client relationships make him the perfect force to continue our strategic expansion throughout South Florida.”
Pohrer — a Palm Beach resident for more than 20 years — is known for uncovering off-market opportunities. He frequently delivers contracts to clients’ homes and offers private neighborhood tours to help buyers understand the nuances of the island’s diverse communities.
“I’m incredibly proud of what we have built, and I’m so thankful for the leadership and colleagues who have supported me throughout my career at Douglas Elliman,” Pohrer said. “As I look ahead, I’m excited to align with a company that’s pushing the industry forward. Ryan has created a brand and platform unlike anything else in real estate — and I’m thrilled to be part of it.”
SERHANT., which launched in New York City in 2020, expanded into the Florida market in 2023 and now has offices in Miami, Jupiter, Delray Beach and Naples.
Pohrer’s addition marks the firm’s entry into Palm Beach Island, with plans underway to open its first office there.
In compliance with a 1978 law that requires government agency watchdogs to provide semi-annual reports on their activities, the U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) published its report on Tuesday.
While there were no new indications of scrutiny for the Home Equity Conversion Mortgage (HECM) program, the report did reveal that HECM Life Expectancy Set Asides (LESAs) remain an ongoing oversight issue.
In November 2024, the HUD OIG announced that it was conducting an audit of the HECM LESAs within the Office of Housing.
“In 2015, HUD set a requirement for some HECM borrowers to maintain a Life Expectancy Set Aside to pay for future property taxes, insurance premiums, and flood insurance on behalf of the borrower,” HUD explained in its announcement. “Our objective is to determine if HUD’s HECM Life Expectancy Set Aside calculations are meeting program goals.”
No other information on the investigation or its progress was immediately available.
The investigation started under the leadership of former HUD inspector general Rae Oliver Davis, who was one of several investigators fired by President Donald Trump upon his return to the White House in January. But prominent placement in the report suggests that the work is ongoing, this time under the leadership of acting HUD inspector general Stephen M. Begg.
This investigation marks the first such effort initiated by the office since 2020, when the OIG reviewed HUD’s corrective actions from prior audits. These “showed that HUD’s controls did not always ensure that HECM loan borrowers complied with program residency requirements.”
But the newest OIG report also mentioned a move related to the HECM program that resulted in a conviction and prison sentence earlier this year.
As announced by the U.S. Department of Justice (DOJ) at the time, Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois.
The report states that the HUD OIG was instrumental in yielding this result.
“[A]n OIG investigation resulted in a Chicago businessman being sentenced to 17 years in prison for, among other offenses, constructing a reverse mortgage fraud scheme that preyed on over 100 financially vulnerable, elderly homeowners,” the report stated.
The report also reiterated its prior guidance aiming to notify the public about potential reverse mortgage fraud.
In February, the office issued a renewed bulletin about “targeted reverse mortgage scams,” warning that fraudsters “often prey upon their victim’s trust and use high-pressure tactics to coerce elderly victims into obtaining the reverse mortgage which they may not fully understand or want.”
Something similar played out in another recent case, according to an announcement this week by the DOJ. A former attorney in Washington state encouraged a victim to obtain a reverse mortgage and fund a trust account he was siphoning money from.
But the OIG made no mention of other high-profile investigations, including one that’s taking a closer look at Ginnie Mae’s decision to extinguish a HECM-backed Securities (HMBS) issuer from its reverse securities program,
That move is tangentially related to a lawsuit brought by an investor against the government. While the suit was initially decided in favor of the government, the investor has filed an appeal.
The Department of Justice (DOJ) has withdrawn its objection to MLS Property Information Network (MLS PIN)’s preliminary settlement of the Nosalek commission lawsuit after the two sides negotiated amended terms.
In a court filing on Thursday, MLS PIN and the plaintiffs disclosed that the former will prohibit offers of cooperative compensation on its platform, which other MLSs agreed to ban after the National Association of Realtors (NAR) settled the Sitzer/Burnett case in Missouri.
MLS PIN is settling the case for $3.95 million, the same amount it would have paid had it bought into the Sitzer/Burnett settlement. The original settlement — announced in the summer of 2023 — would have had MLS PIN pay $3 million.
A preliminary settlement approval hearing will take place on June 10 in a Massachusetts federal court.
The DOJ expressed concerns about the settlement at an April 1 hearing, where U.S. District Court Judge Patti B. Saris also indicated she would not grant approval to a settlement that included sellers of commercial properties or manufactured homes.
Saris said that these types of properties were too different from residential real estate and didn’t apply to the plaintiffs in the lawsuits, which were only about residential transactions. MLS PIN also capitulated to this demand, and the settlement will only apply to sellers of residential real estate.
The two sides were the first to announce a settlement in the case in July 2023. But the other defendants in the case — HomeServices of America, Keller Williams, Anywhere, RE/MAX, Compass, Redfin and At World Properties — have already been granted final approval of their settlements.
NAR’s settlement of the case for $418 million was granted final approval in November.
The Sitzer/Burnett case was the most impactful of a wave of class-action lawsuits that accused the industry of artificially inflating real estate commissions by mandating agents to make blanket offers of compensation on NAR-affiliated MLSs.
MLS PIN is an independent MLS that’s not subject to NAR rules, but it still required agents to make offers of compensation. The company — which serves Massachusetts, Rhode Island and parts of New Hampshire — declined to buy into NAR’s settlement, opting to litigate the case itself.
Comfy atmosphere, city views – forget finding the perfect partner, finding the perfect roommate is on offer at this tenants-only Melbourne development.
Tenants desperate to escape Melbourne’s rental crisis are being offered an unexpected solution: speed dating for housemates.
In a city where one corporate landlord has already offered to waive lease-breaking fees for tenants who decide to shack up with their neighbour, a new build-to-rent operator is planing events to get like-minded tenants partnered up.
With the housing crisis and rising rents driving a growing number of Victorians to seek out flatmates, the novel idea of a speed dating-style event was drummed up for the new tenants-only Local: Kensington complex.
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People looking for the perfect person to share their life with, romance not included, will be given the chance to connect with a group of like-minded individuals in June.
Developer Local’s marketing general manager Megan Hondromatidis said after an initial online registration, matchmakers would group people with similar interests and needs for scheduled events where they tour the building — then move on to dinner and drinks.
“It will be helping to break the ice, so it’s not all just people having awkward conversations,” Ms Hondromatidis said.
“And we will have targeted questions to help them get to know each other.
“Ultimately, we are trying to provide the best experience possible. And hopefully we can mitigate the rental pain points.”
Communal spaces include areas to cook with friends and neighbours.
An example of one of the complex’s apartments.
Topics at the events dubbed “Housemate Huddles” are expected to include: how pet friendly you are, whether you’re a night or morning person, how you like your home furnished and what your typical day looks like.
The goal is to then find someone else to compliment your lifestyle, and minimise the risk of a messy break-up as you fight over custody of the apartment and the Netflix account because one of you gets up at 5am and the other hasn’t seen the sun rise in seven years.
Ms Hondromatidis said while it would be interesting to see who would attend, they were expecting new arrivals to Melbourne, those looking to move out of their parents’ home and others wanting to try sharehousing out for the first time.
Specialty women-only nights and queer-friendly events will also be a part of the schedule.
Ms Hondromatidis added that with the completion of new build-to-rent projects creating short-term waves of new apartments for the rental market, Melbourne was now primed for more similar events.
Communal spaces have been designed to encourage residents to catch up together.
The 477-apartment complex is the first build-to-rent complex by developer Local, but they have additional sites on their way around Melbourne — and are aiming to have some launched, most likely with similar events for tenants, interstate in the next year or two.
“I don’t think house sharing is going anywhere, so I think we will start here and see where we go,” Ms Hondromatidis said.
The building’s two-bedroom apartments starting from $822 a week and three-bedroom offerings from $1258 a week.
Amenities around the building include a cinema, fitness studio, working hub and residents’ lounge with its own kitchen.
Apartments are furnished with kitchen and laundry appliances, as well as split-system heating and cooling.
The build-to-rent complex is very pet friendly, encourages residents to paint walls and live there long term.
When you speed date for a flat mate, you get to keep your bedroom all to yourself.
Events will be held at the 348 Macaulay Rd, Kensington, building on June 17, 18 and 24.
Earlier this year, build-to-rent developer Greystar announced an offer to allow tenants who found a romantic partner or their ideal flatmate among their neighbours to make their relationship official and move in together — without a lease break fee.
Considered a novel solution to Melbourne’s rental crisis, build-to-rent development is defined as a corporate group that creates a new building with the intent of offering it as a long-term rental site.
The system is common in other nations, particularly the United States of America.
It has had significant backing as part of Victoria’s housing solution from both state and federal governments, but remains a small fraction of Melbourne’s rental supply.
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The right facade can make your home feel uniquely yours while boosting street appeal and future resale value.
A facade cannot be overlooked in the design process of your new home; it’s your home’s first impression to the street and the neighbourhood.
It’s not just about style; it’s about identity and it can be an exciting and yet daunting aspect of a home build which many buyers need coaching through.
Russell Slater, Sales Manager at Fairmont Homes, a leading South Australian-based builder, explained it best.
“It’s your opportunity to put your personality onto your home and onto the street,” he said.
“It’s really rewarding to come home to something and think, ‘yeah, I chose that and I like it’.
“Every home is for resale at some point, so the money you save on not upgrading your facade you will lose many times over when it comes time to sell.”
Fairmont First offer a fixed price range of homes designed for first home buyers and investors and recently expanded their facade and design range.
They now have over 20 designs available, effectively doubling the number of options previously available to homebuyers.
This expansion includes a variety of designs across different price points, catering to diverse aesthetic preferences and budgets.
So how do you choose a facade that suits your taste, your budget, and your future goals?
Here are four smart tips to guide first-time homebuyers and savvy investors alike.
1. Let lighting and entry design do the talking
Your front door and entryway can elevate your facade’s impact. Consider a modern front door design, feature lighting, and even landscaping to enhance your exterior’s charm.
Small additions like statement lighting or a timber portico can give your home that polished, architectural edge.
Catherine Moore, Studio Design Consultant at Fairmont Homes, said that something as simple as adding a statement front door is well worth the cost.
“A large front door can be enhanced by selecting a style with glazing in the windows,” she said.
“Not only does this allow increased natural light into the home, but it will also increase visual interest.”
Lighting adds to a home’s security and also enhances the overall aesthetic.
“Consider additional lighting for the front porch to allow safe entry,” Ms Moore said.
“Feature lighting such as wall lights create a welcoming atmosphere and can be directed to highlight architectural features of the home or landscaping.”
2. Cladding and colour can go a long way
Ms Moore said clients often consider cladding and colour options to create a more personalised style.
“Cladding can help to emphasise a particular design style such as the weatherboard look for a coastal style,” she said.
“A darker cladding can also be added for a contemporary urban style.
“A bold brick adds visual interest and is a popular choice for industrial and modern farmhouse styles.”
Colour can also set your home apart; however, Ms Moore suggests keeping a facade to a maximum of three colours.
“We’ve created a new range of harmonious exteriors by keeping to no more than three colours and finishes,” she explained.
“Repetition of some of your colours and materials also helps to achieve this harmony.”
3. Choose a style that reflects you and your environment
From clean, modern lines to charming Hamptons-inspired designs, today’s facade options are more versatile than ever.
Fairmont First’s design team works closely with drafting professionals, sales experts, and marketing to ensure their facades are both trend-forward and timeless.
“We looked at what people are building now and also tasked our marketing team to forecast what people will be building in two to three years,” said Mr Slater.
“That’s how we’ve built a facade range that feels current, but also future-proof.”
Ms Moore said that clients should also consider what facades and design choices reflect their environments.
“Take inspiration from your building’s location,” she said.
“So, think about breezy looks for coastal areas in styles with light colours and cladding, or you could look at earthy and botanical colours for country settings–they fit harmoniously with the environment and are also more practical for rural areas.”
4. Simplify your selection with smart tools
With so many decisions to make, first-time buyers building a new home can easily feel overwhelmed.
That’s why Fairmont First developed a user-friendly design and pricing tool on their website, letting buyers visualise their dream home including how their facades could will look, along with getting a detailed quote before speaking to a Housing Consultant.
“Design and Price allows you to play around with the majority of your quote in terms of the build and the inclusions,” explained Mr Slater.
“It gives you a sense of control and helps simplify what can otherwise be a complex process.”
Ms Moore said research is key before deciding on a facade so you go into the process with a clear vision of what you want to achieve.
“I strongly recommend taking the time to research exterior facades to understand your design style before making your selections,” she explained.
“Visit new developments, display homes, and brick suppliers.
“This goes a long way to help you understand what you like and don’t like as well as what fits in with your style preferences.
“Viewing materials such as bricks in person is super beneficial as the appearance can be very different from an online or a printed image.”
A homeowner’s perspective
With nearly 60 years of experience, Fairmont First is a trusted name in quality, fixed-price home builds.
Their facades are not just an upgrade—they’re a promise of smart design, strong street appeal, and lasting value.
For Cheryl Hunt, co-owner of Ivybrook Farm in McLaren Vale, building her new home with Fairmont First was refreshingly simple.
“It was a really stress-free experience,” Ms Hunt.
“Everything was well thought out, and the facade options made it easy to choose something beautiful that didn’t blow the budget.
“I felt confident knowing I was working with a builder who’s been doing this for decades.”
Ready to build your dream home?
Explore Fairmont First’s stunning new facade range and start customising your home today.
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First-home buyers have a golden window of opportunity to maximise government incentives before June 30 this year with two new southeast Queensland communities making it easier than ever to take the first step onto the property ladder.
The state government’s $30,000 first homeowner grant reverts to only $15,000 from July 1 while new stamp duty concessions that started on May 1 have created a possible once-in-a-lifetime window for buyers.
The looming deadline comes as developer Lennium Group fast-tracks land releases at two major communities – Highland Walloon in Ipswich’s western growth corridor and Lilywood Landings in the new city of Waraba, formerly known as Caboolture West – to help first-home buyers secure land and finalise building contracts before the deadline.
Lennium development manager Ian Worthington said May and June 2025 would be golden months for any first-home buyer looking to build and urged people to move quickly.
Lennium Group’s Highland Walloon development is a masterplanned community set to deliver more than 900 lots.
“This is a rare moment for first-home buyers, and both Highland Walloon and Lilywood Landings offer the chance to take full advantage of multiple government incentives,” he said.
“The difference an extra $15,000 can make is huge.
“It could pay for upgrades, landscaping, or even help reduce your mortgage – but the clock is ticking.
“If you’re serious about buying, now is the time to secure land, line up your builder and get your building contract signed before June 30.”
ABC Homes’ Eden 20 Cove design.
Construction is well under way at Highland Walloon and the first home and land packages are officially launching on Saturday, offering some of the most affordable new home options in southeast Queensland.
For example, the Carlton 164 by Bold Living is priced at just under $640,000 and features four bedrooms, two bathrooms and a double garage on a block covering 420sq m.
Perched in the elevated hilltops of Walloon, the new masterplanned community has an average lot size of almost 500sq m.
Meanwhile in the Moreton Bay region, Lilywood Landings has become one of southeast Queensland’s fastest-selling new communities.
Lennium Group’s Lilywood Landings in the new city of Waraba.
Located at the gateway to Waraba, the first 150 lots sold out quickly and early buyers have now settled and started to build.
Mr Worthington urged first-home buyers to register their interest in Lilywood Landings ahead of an upcoming land release prior to the change in the government grant.
“At both Highland Walloon and Lilywood Landings, we’re expecting strong interest from first-home buyers who see the value of locking in a home now, rather than missing out on an extra $15,000,” he said.
“These are two of the most exciting new communities in southeast Queensland, offering incredible value and lifestyle in high-growth areas.
Lilywood Landings is currently under construction and will comprise 70ha of green space, pedestrian and bike paths stretching 4.5km along the Caboolture River.
“We’ve designed both communities with first-home buyers in mind, focusing on affordability, an abundance of green spaces, and connectivity to everyday services.
“Whether you’re looking for a peaceful, elevated setting like Highland Walloon or the energy and opportunity of a future city like Waraba, there’s something special on offer.”
Metricon Queensland and northern NSW state sales manager Josh Darling said Highland Walloon offered home buyers a chance to build in a stunning location with larger, affordable lots and breathtaking views.
“With the first stage launching now, it will be the perfect opportunity for first-home buyers to take advantage of the new stamp duty exemptions and secure the $30,000 grant before it expires on June 30,” he said.
LILYWOOD LANDINGS
Features: First masterplanned project within the new suburb of Lilywood in Waraba, which is
to be home to 70,000 residents
Sales centre: 4 Merryvale Circuit, Lilywood, open daily, 10am-4pm
Contact: 1300 766 616
More info:lilywoodlandings.com.au
HIGHLAND WALLOON
Features: Masterplanned community for more than 900 lots with traditional-styled
larger lots
Location: 197 Taylors Rd, Walloon
Contact: 1300 116 455
More info:highlandwalloon.com.au
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A federal trade court has blocked President Donald Trump’s efforts to impose broad tariffs under emergency powers — ruling the move exceeded the authority granted to the president by the 1977 International Emergency Economic Powers Act (IEEPA).
A three-judge panel of the U.S. Court of International Trade issued the decision Wednesday, siding with plaintiffs who argued that Trump’s use of tariffs — including the 10% tariffs imposed on April 2, ‘Liberation Day’ — violated U.S. law and created economic turmoil.
“The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs,” the court wrote in its ruling.
The Trump administration is expected to appeal the decision.
Trump argued that the country’s longstanding trade deficits amounted to a national emergency, giving him the authority to act without congressional approval. Under his orders, tariffs were placed on a wide range of imports — including goods from Canada, China and Mexico.
His administration has also cited efforts to combat illegal immigration and the flow of synthetic opioids as reasons for the measures.
Plaintiffs in the lawsuits — including small businesses and a group of states led by Oregon — argued that the IEEPA does not authorize the use of tariffs, and that the trade deficit does not meet the law’s threshold for an “unusual and extraordinary threat.”
The administration has argued that courts upheld former President Richard Nixon’s emergency use of tariffs in 1971 and that only Congress — not the courts — has the authority to determine the legitimacy of a president’s rationale for declaring an emergency.
‘Most cluttered home’ for sale after major reno. Picture: Supplied
Britain’s most cluttered home has hit the market for £300,000 ($A627,000) after receiving a major makeover.
Previous occupants had left it a mess both on the inside and out, The Sun reports.
Some rooms were not even possible to access as debris piled on the floors and furniture.
The house has now undergone a major transformation becoming a stunning family home, with three vibrant bedrooms and a modern kitchen.
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Number 2 Camperdown Street in Plymouth made headlines when it went on auction in 2021. Picture: Google Maps
Images of its interior revealed the shocking mess left by its previous occupants.
It was put up for auction in this state of deterioration.
The property was auctioned off in November 2021, where the bidding started at £110,000 ($A230,000).
Despite the rubbish that had accumulated throughout the property, it received offers in £5,000 ($A10,400) increments from buyers.
A proxy bid finally brought the auction to £145,000 ($A303,000).
Following its makeover, the property is back on the market for just over double the price.
The current owner has turned the home into an ample living space with a large corner garden.
There is also a large loft area above bedrooms two and three, which could be converted into a further two rooms with the necessary planning permissions.
The Plymouth has now been cleared after years of hoarding. Picture: Purplebricks
It features a new modern kitchen/breakfast room. Picture: Purplebricks
It has been described a “perfect family home” with a master ensuite. Picture: Purplebricks
As the property description states: “Upon entering, you are greeted by a bright and airy open-plan lounge/diner, perfect for entertaining or relaxing with the family.
“The newly fitted kitchen/breakfast room is a true highlight, boasting contemporary units and ample space for culinary creations.”
The property has also been given a new roof, plumbing, gas central heating and a complete rewiring.
On top of that, doors and architraves, skirting and some floors have been sanded back to their original wood.
It is due to go on the market via Purplebricks after once being dubbed “Britain’s most cluttered house”.
Parts of this story first appeared in The Sun and were republished with permission.
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A regional city north of Brisbane is taking shape and is set to have new developments catering to 70,000 people.
Formerly known as Caboolture West, Waraba is a major greenfield development that could see up to 30,000 new homes over the next 40 years.
The area, 50 minutes north-west of Brisbane’s CBD, is expected to be of a size similar to Mackay and includes five new suburbs of Waraba’s centre, Lilywood, Wagtail Grove, Greenstone and Corymbia.
The Queensland government first announced the Moreton Bay locality as a Priority Development Area (PDA) in July 2024, which is a designated zone of land to deliver development projects.
At the time, Moreton Bay mayor Peter Flannery said the PDA would streamline development processes for communities in each new suburb.
“The Waraba PDA will drive collaboration between all agencies and stakeholders to address critical planning and key infrastructure requirements that City of Moreton Bay has raised are necessary to deliver a well-planned community at Waraba,” Mr Flannery said.
Given the size, new infrastructure, services, parks, schools and housing are all taking shape across the new suburbs.
This includes 970 hectares of public green space, nine state primary schools, four state secondary schools and extensive infrastructure planned for the future.
Here are some new residential developments coming to the suburbs.
Rivermont, Waraba
Waraba’s centre will soon be home to a 175-hectare masterplanned community called Rivermont from developer Stockland.
The development plans for over 2000 homes and a 15-hectare over-50s land lease community, a retail centre with a cafe and convenience store, as well as medical and childcare facilities.
It also features 47 hectares of green spaces, including six local parks covering 3.5 hectares and almost 16 hectares of parkland.
Nearby, residents will find Caboolture Hospital, Morayfield Shopping Centre, train stations and many schools.
Construction officially started in March 2025 with Stockland general manager Queensland development David Laner stating the development will play a role in addressing housing supply in the state.
“For us, it’s about increasing the supply of aspirational and attainable homes with the right infrastructure in place that will support the growing community and the Queensland Government’s housing targets,” Mr Laner said.
The latest release Ambleside has a selection of 17 homesites available.
Aire, Lilywood
Orchard Property Group’s Aire is centrally located in Lilywood, 50 minutes from Brisbane’s CBD or the Sunshine Coast.
Aire features over 200 homesites ranging from 315sqm to 652sqm, providing choice for various homebuyers.
It also boasts easy convenience with its connected neighbourhood providing easy access to local shops, schools, parks and amenities.
Residents will find Morayfield Shopping Centre within a short distance and a host of other stores, cinemas, restaurants and amenities.
In terms of commuting, the Caboolture train station is nearby. By car it’s 10-minutes to the Bruce Highway, linking north to Sunshine Coast and south to Brisbane CBD.
A new land stage is expected to release soon.
Lilywood Landings, Lilywood
Lilywood will see the first masterplanned community built in Waraba with Lilywood Landings.
Spanning 70 hectares, Lilywood Landings by Lennium Group will provide 705 lots alongside walking and cycle paths and everyday services such as a convenience store and a childcare centre.
It will also feature almost 20 hectares of parkland along its Caboolture River frontage.
After a successful first land release, Stage 3 within the Meadows precinct is now selling.
Vantage, Lilywood
Developer AVID Property Group recently announced a new land lease community called Vantage Lilywood.
Vantage communities are tailored to over 50s and offer resort-style living in cleverly designed homes.
Announced in March 2025, Vantage Lilywood is set to combine relaxed, coastal-inspired luxury with all the connections and amenities of modern living.
Residents will also have the choice of floorplans and colour schemes in their homes.
Amenities will include a swimming pool, spa, sauna, fitness centre, tennis and pickleball courts. While the clubhouse will have its own private dining room, library, cinema and function space.
The developer is now accepting registrations of interest for properties within the community.
Are you interested in buying and building new? Check out our dedicated New Homes section.
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