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Home closest to Los Angeles’ iconic Hollywood sign hits market

A rare home below the Hollywood sign has hit the market for the first time in almost 40 years for USD$2.25 million ($A3.5 million).

Nestled into the hillside of Beachwood Canyon, the A-frame chalet isn’t just close to the famous sign — it’s the closest residence to it, the New York Post reports.

“It is extremely limited,” agent Christopher Soffer told the outlet.

“Being the closest house to the Hollywood sign in the world is as limited as it gets.”

“It’s perched up in the trees, almost like a treehouse.

“You have this sense when you’re there that you really feel like you’re entrenched in this lifestyle and this period of time that seems to have faded away with the modern age.”

A rare A-frame home has hit the market for the first time in almost 40 years for $US2.25 million. Picture: Lawrence Fitz-Simon via NY Post

The 1963 chalet-style property sits at the end of a private road in LA’s Beachwood Canyon and is surrounded by untouched wilderness. Picture: Lawrence Fitz-Simon via NY Post

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Built in 1963 and tucked at the end of a private road, the three-bedroom home is a rarity in both style and setting.

Its A-frame design — uncommon in Los Angeles — is clad in wood inside and out, creating a cabin-in-the-woods ambience in the middle of one of the city’s most iconic neighbourhoods.

“There’s tons and tons of wood,” Mr Soffer said. “You kind of also feel like you’re in a cabin in the woods, which is beautiful because the entire A-frame is essentially made out of wood.”

The home’s current owners, digital effects pioneer Jeffrey Kleiser and sculptor Diana Walczak, have used the space as both a residence and creative incubator.

Ms Walczak, best known for sculpting the Michael Jackson HIStory statue and designing its digital version for the album cover, and Kleiser, whose credits span “Tron” to “X-Men,” are consolidating their property portfolio, according to Mr Soffer.

“They’ve absolutely loved living there and they are creatives themselves,” Mr Soffer said.

“They’ve actually recorded in that house, numerous bands over the years.”

Walczak is best known for sculpting Michael Jackson’s HIStory statue, while Kleiser’s visual effects work includes “Tron” and “X-Men.” Picture: Lawrence Fitz-Simon via NY Post

One of the most famous is The Association, the 1960s band behind hits like “Cherish” and “Windy”.

Their connection to the property earned it a cameo in Linda McCartney’s photography book, “The Sixties”.

The home’s creative legacy doesn’t stop at music, and has quietly played host to artists, sculptors and filmmakers over the decades.

“That place kind of attracts a very interesting crowd and has a very interesting creative energy to it,” Mr Soffer said.

Though it’s tucked into the hills, the property is not without modern acclaim. It has been featured on “Staycation,” the Emmy-winning travel show, and was recognized by Travel + Leisure as one of California’s best Airbnbs.

The owners even produce “Hollywood Honey” on the premises, courtesy of a small hillside apiary tended by a local beekeeper.

The three-bedroom home has played host to numerous artists and musicians. Picture: Lawrence Fitz-Simon via NY Post

The house’s positioning on the ridge yields dual vistas: the Hollywood sign at its back and sweeping views of downtown LA, Griffith Park, and — on clear days — the Pacific Ocean at its front.

“When you are building on a site like that, the Hollywood sign is as direct as it gets,” Mr Soffer said.

“When you’re sitting on either of the rooftop decks, all you can see is the Hollywood sign … and on the front of the house, you have these panoramic views of the city.”

The listing also marks a nod to the roots of the surrounding area.

“Originally, Beachwood Canyon was built by a single guy and he had done it because he wanted to create a neighbourhood that was perfect for Hollywood and studio production,” Mr Soffer said.

“When they first built the Hollywood sign, it was actually almost like an advertisement for the neighbourhood.”

At the time, the sign was even illuminated at night — a touch of glamour that has since disappeared.

“They actually used to have lights on the Hollywood sign, believe it or not,” Mr Soffer said.

“I would love to see that today, but I think it might be a little bit too bright for the current landscape of the neighbourhood.”

Despite its fame-adjacent location, the home has remained surprisingly peaceful, with the owners reporting no issues from tourists or passers-by. Picture: Lawrence Fitz-Simon via NY Post

Despite its proximity to a tourist magnet, the property offers peace and privacy.

“They said everyone is so enamoured by the sign, everyone’s in such a good mood when they’re up there,” Mr Soffer said of the owners.

“They’ve never had any issues with break-ins or trespassing or anything like that over the years.”

There’s little risk of competition either: “To the right of the property, if you’re facing the property, there’s only one other lot that can be developed,” Mr Soffer noted.

“As of now, there’s nothing on it. It’s just a raw piece of land. And beyond that, it’s pure wilderness.”

It’s that blend of exclusivity, architectural significance, and Hollywood history that Mr Soffer believes makes the home one-of-a-kind.

“The architectural community loves these types of houses — A-frame houses,” he said.

“They aren’t typical for Los Angeles, and when they do pop up, it’s something to be cherished.”

Parts of this story first appeared in the New York Post and was republished with permission.

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June 25, 2025/0 Comments/by JKents
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Homebuyers hit with massive fee rise

Sydney and NSW homebuyers have been hit with an ‘outrageous’ new fee as part of the process of looking at a new property.

OPINION

Inspection of strata records is crucial to enable prospective owners to glean information about the scheme before they buy their apartment.

However from July 1 these inspection fees are almost doubling in price. Amid huge affordability issues, no reason has been given for the outrageous increase, albeit the first in nine years.

It is all the more of an odd decision by Anoulack Chanthivong, the Better Regulation and Fair Trading Minister, given structural, waterproofing and fire safety defects wreak havoc across as much as half of NSW’s strata buildings.

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Homebuyers are being forced to pay even more fees.

Transparency, accountability and increased engagement are vital to ensure home buyers don’t naively buy into a strata nightmare.

The fees for inspecting strata records online or in person will increase from $31 to $60 for the first hour, and from $16 to $30 for each half-hour after the first hour.

The increase will apply to prospective buyers of apartments, townhouses and villas. Fees will stay the same for current owners.

It is strata managers under the watch of the strata committee who are responsible for making and keeping all the records. They must keep all financial records and statements for at least seven years. Likewise they must keep a record of all communications sent and received by the strata committee and owners corporation for seven years along with meetings records.

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NSW STATE BUDGET PRESSER

It’s an odd decision by Anoulack Chanthivong, the Better Regulation and Fair Trading Minister. Picture: NewsWire / Monique Harmer

Since June last year, records strata schemes are required to keep must be stored electronically.

The recently unveiled batch of new strata laws and fees also require electronic access to records to be through secured means.

Current owners must authorise prospective buyers to see the strata roll, financial records and other records by contacting the strata committee or strata manager.

These potential owners – or more likely hired strata searchers – face a costlier exercise to inspect a strata scheme’s records ahead of purchase.

Pre-purchase reports all mount up especially if the buyers miss out at auction, with no reform attempt since the former Kiama MP Matt Brown unsuccessfully sought to reduce the costs incurred about 15 years ago. Back then Brown noted the typical strata report cost was $300 to $350. These days buyers typically pay up to $299 for reports on strata schemes of less than 100 lots, and this jumps higher per report for even bigger strata schemes.

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Fees around strata apartments are becoming more and more onerous.

There is also a shared marketplace using a share cost model that is seeing reduced costs for pre-purchase reports for the buyers as low as $89.

And some innovative estate agencies make a prepared online strata report readily available to buyers. It is a cost their seller incurs but it helps the prospective buyer in moving quicker to make an offer with the confidence they need.

“By giving buyers the information upfront, you remove the friction that slows deals down,” Before You Buy founder Rhys Rogers says.

Requests to see strata records and make copies must be given within 10 days. The owners corporation must put the fee into their administrative fund and pay their strata manager their agreed fee for its supply.


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June 25, 2025/0 Comments/by JKents
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Special feature that makes Koyo penthouse a winner

The Koyo penthouse at 5 Rodborough Ave, Crows Nest has 495 sqm on title.

Created for lovers of outdoor entertaining, the palatial penthouse atop Koyo has more alfresco area than internal living space; a real estate unicorn on the lower north shore.

With 495sq m on title, the residence is surrounded by private terrace space.

“There’s 195sq m of internal space, but then there’s 298sq m of terrace and garden area,” said Abadeen’s development director Michael Clark.

“Compared to other penthouses around the area, it’s pretty special. The outdoors wraps around the entire top floor on all three sides. You’ve got a western, an eastern terrace, and a northern terrace so you can pick and choose when you want to follow the sun.”

Matthew Smythe, principal of Belle Property Neutral Bay, said the residence is unrivalled in the suburb.

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There’s 298sqm of terrace and garden area.

It also offers 195sqm of internal space.

“The penthouse at Koyo is one of the finest on the market. With expansive indoor-outdoor living, sweeping views, and hand-selected finishes, it’s a residence that redefines apartment living in Crows Nest.”

Now completed, Koyo is one of Abadeen’s latest finished products on the lower north shore. Just four units remain in the $85m residential development, including a two-bedroom unit, plus two three-bedroom apartments and the grand whole-floor penthouse.

Designed by Japanese-born architect Koichi Takada, Koyo is an apt name for the 27-unit project which translates to ‘in celebration of autumn leaves’ in Japanese.

Just four units remain for sale in the $85m development.

Interest has come from local families and downsizers.

“Koichi Takada’s work balances form and feeling. His use of warm textures and natural elements creates spaces that feel not just luxurious, but grounded and welcoming,” said executive chairman and founder of Abadeen, Justin Brown.

“From the architectural design to the detailing in each apartment, the finished product has resonated strongly with our buyers. It’s been especially rewarding to see interest from local families and downsizers who value quality, space and connection to the lower north shore lifestyle.”

The penthouse has three bedrooms.


Each residence has marble bench tops and splashbacks, brushed platinum tapware, timber laminate panelling, engineered timber floors and wool carpets.

Sustainability is embedded in Koyo’s design, with LED lighting, solar panels, cross-ventilation, and high-performing glazing.

Richard Storey, a director at Koichi Takada Architects, said the integration of greenery at Koyo is about more than just aesthetics.

“It brings a sense of calm and wellbeing, helping residents reconnect with nature and enjoy a peaceful retreat in the middle of the city,” he said.

“We deliberately designed communal areas, like the rooftop barbecue and dining area, to foster a sense of community.”

The post Special feature that makes Koyo penthouse a winner appeared first on realestate.com.au.

June 25, 2025/0 Comments/by JKents
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The Block 2025: Fans slam new trailer over ‘irresponsible’ detail

Fans of The Block have slammed the trailer for the new 2025 series over an “irresponsible” detail in the clip.

The hit renovation show is expected to air in August on Channel 9, with this year’s contestants building homes from scratch in the regional Victoria town of Daylesford.

In the teaser, hosts Scott Cam and Shelley Craft are “back on the road” each driving a big red truck on route to the new countryside location.

The trailer also featured a sneak peek of the teams competing – which include Emma and Ben, Cam and Han, Robby and Mat, Alicia and Sonny and Britt and Taz.

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The new trailer for The Block has dropped. Picture: Instagram/The Block

But, fans of the series lashed out over the detail that Scott was not wearing a seatbelt while driving the truck.

“Probably should have put ya seatbelts on,” one viewer wrote.

“Why aren’t they wearing their seatbelts, Nine?”, another person questioned.

“How irresponsible of Channel 9 to advertise in prime time, showing celebrities driving on country roads and not wearing seatbelts,” a third person commented.

Some viewers were convinced the scene was generated using CGI.

“They’re not actually driving … watch the windows on the driver’s side same scenery,” one fan wrote.

“It’s obviously CGI,” another person added.

Scott is not wearing a seatbelt while driving a truck. Picture: Instagram/The Block

The news comes as Adrian Portelli is selling off his entire Block compound at Phillip Island months after snapping up all five homes on the hit renovation show.

The billionaire businessman posted on Instagram, begging fans to take all the properties off his hands.

He put out a call for expressions of interest in making the multimillion-dollar purchase.

“For Sale. EOI. The Phillip Island Block Resort. Selling complex complete. Everything included. Will not sell houses separately,” Portelli posted.

LAMBO GUY

Adrian Portelli is selling off his entire Block compound at Phillip Island. Picture: NewsWire/ David Crosling

The billionaire businessman posted on Instagram, begging fans to take all the properties off his hands. Picture: Supplied/Instagram

During last year’s The Block grand final, the Aussie entrepreneur made history when he bought every single house for a whopping $15.03 million.

It turned out the regular Block bidder used a buyer’s agent for some to cover his tracks.

Portelli announced he was done with The Block and would not be in the market for Block properties in 2025.

“That was a message that was my last appearance on the Block and I thought I’d go out with a bang,” he says.

While he may have gone out with a bang, fans of the show weren’t thrilled with the finale, with many getting on to call the show “rigged”, and lament that Portelli just chose who he wanted to win.

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The post The Block 2025: Fans slam new trailer over ‘irresponsible’ detail appeared first on realestate.com.au.

June 25, 2025/0 Comments/by JKents
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Where you can buy for less than Adelaide’s median house price

Prospective buyers looking for an affordable home don’t have to narrow their search to Adelaide’s northern suburbs.

Latest PropTrack data shows there are options right across the city with the same or a lower median house price than Greater Adelaide’s, which is $835,000.

Mount Barker was the cheapest Hills suburb, with a median house price of $730,000, followed by Lobethal ($740,000), Meadows ($747,000), Nairne ($777,500) and Balhannah ($800,000).

South of the city, Hackham West was the most affordable at $625,000, while Dover Gardens was at the higher end with a median on par with Adelaide’s.

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Housing Stock

Adelaide’s southern suburbs offer affordable options. Picture: Brenton Edwards

The O’Sullivan Beach house at 26 Baden Tce sold for $737,000 in May.

Meanwhile, Woodville Gardens had the lowest median house price in the west at $550,000, with Port Adelaide ($665,000) and Taperoo ($682,745) rounding out the region’s top three.

Harris Real Estate Wine Coast agent Sam Bennett said the more affordable southern suburbs were slightly further inland but the beach was still only minutes away.

“There are lots of people who would love to be on the beach side but they’re getting priced out,” he said.

“For example, a lot of the people who would love to be in Christies Beach are getting priced out of there a bit, but you go one street over and you’ve got Christie Downs.

“There is a lot more development happening in Christie Downs as well.

“First-home buyers, for example, they can get a new home in Christie Downs.”

Mr Bennett said the lifestyle on offer in Adelaide’s southern suburbs also made them appealing.

“That’s where the closest beach that has surf is, it’s also where the closest beach that you can drive onto is,” he said.

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Woodville Gardens is Adelaide’s west has a median house price of $550,000.

The Rosewater house at 24 Tapp St recently sold for $700,000.

Mr Bennett said the expressway has also made it much more accessible, while fewer traffic lights further south made local travel easier.

Meanwhile, Ray White Port Adelaide principal Nick Psarros said there were also plenty of options in the city’s west.

From older homes on large blocks in suburbs like Ottoway to new houses in transitioning areas like Woodville Gardens and Gillman, Ms Psarros said the area offered a mix of properties.

He said proximity to both the city and the sea made the region appealing.

“People like the west – they like the feel, there are lots of little coffee shops everywhere, it’s easy to get around,” he said.

“It’s very streamlined and nothing is too far.

“In 15 minutes you can get from one place to the other easily.”

Where you can buy for Adelaide median price or less

North

Elizabeth North – $496,000

Elizabeth South – $510,000

Elizabeth Grove – $522,000

Davoren Park – $525,000

Smithfield Plains – $530,000

Elizabeth Downs – $531,750

Elizabeth Park – $540,000

Smithfield – $550,000

Elizabeth East – $550,000

Eyre – $555,000

Munno Para – $570,000

Elizabeth – $585,000

Evanston – $590,000

Salisbury North – $598,000

Evanston Gardens – $600,000

Andrews Farm – $600,100

Willaston – $602,500

Gawler West – $625,000

Munno Para West – $626,600

Elizabeth Vale – $629,500

Brahma Lodge – $630,000

Blakeview – $635,000

Evanston South – $635,000

Craigmore – $635,000

Salisbury Downs – $650,000

Direk – $652,500

Salisbury Plain – $652,500

Munno Para Downs – $653,750

Gawler South – $655,000

Burton – $660,000

Paralowie – $660,753

Salisbury East – $670,000

Salisbury – $675,500

Para Hills West – $690,000

Evanston Park – $690,000

Salisbury Park – $690,000

Gawler East – $694,000

Para Hills – $702,000

Hillbank – $712,000

Kilburn – $715,000

Parafield Gardens – $715,000

Surrey Downs – $716,000

Gawler – $724,500

Ingle Farm – $725,000

Para Vista – $725,000

Redwood Park – $744,250

Pooraka – $746,000

Modbury North – $746,250

Virginia – $748,750

Ridgehaven – $749,500

Banksia Park – $750,000

Lightsview – $758,250

Modbury – $760,000

Gilles Plains – $770,000

Hewett – $772,500

Wasleys – $775,000

Mawson Lakes – $775,000

Holden Hill – $780,000

Valley View – $780,000

St Agnes – $785,000

Vista – $787,500

Fairview Park – $790,000

Hillcrest – $795,750

Angle Vale – $797,000

Salisbury Heights – $798,000

Modbury Heights – $800,000

Blair Athol – $805,000

Roseworthy – $809,000

Wynn Vale – $810,000

Hope Valley – $810,000

Two Wells – $822,500

Buckland Park – $827,500

Northfield – $832,500

Windsor Gardens – $835,000

South

Hackham West – $625,000

Christie Downs – $640,000

Huntfield Heights – $658,000

Hackham – $666,000

Tonsley – $668,750

O’Sullivan Beach – $680,750

Morphett Vale – $689,000

Reynella – $707,000

Noarlunga Downs – $728,000

Seaford Meadows – $730,000

Sellicks Beach – $733,000

Aldinga Beach – $752,000

Seaford Rise – $760,000

Old Noarlunga – $760,000

Old Reynella – $765,000

Trott Park – $767,500

Christies Beach – $770,000

Christies Beach – $770,000

Seaford – $775,000

Reynella East – $781,000

Woodcroft – $786,750

Seaford Heights – $790,000

Happy Valley – $795,000

O’Halloran Hill – $799,500

Aldinga – $800,000

Maslin Beach – $801,250

Seacombe Gardens – $810,000

Sturt – $815,555

Port Willunga – $820,000

Ascot Park – $823,000

Sheidow Park – $835,000

Dover Gardens – $835,000

West

Woodville Gardens – $550,000

Port Adelaide – $665,000

Taperoo – $682,745

Ottoway – $702,500

St Clair – $710,000

Peterhead – $724,000

Angle Park – $738,500

Rosewater – $740,000

Osborne – $762,500

Devon Park – $766,000

Woodville North – $773,000

Mansfield Park – $775,500

Ferryden Park – $785,000

Athol Park – $800,000

Ethelton – $800,000

Pennington – $800,500

Brompton – $815,000

Royal Par – k$817,500

West Richmond – $817,500

Glanville – $821,000

Beverley – $832,500

New Port – $832,500

Largs North – $835,000

Central and Hills

Mount Barker – $730,000

Lobethal – $740,000

Meadows – $747,000

Nairne – $777,500

Balhannah – $800,000

Source: PropTrack

The post Where you can buy for less than Adelaide’s median house price appeared first on realestate.com.au.

June 25, 2025/0 Comments/by JKents
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Tasmanians turn against inner-city stadium. Should it be housing instead? 

A new poll shows that the majority of Tasmanians oppose the stadium proposed for Macquarie Point in Hobart. Alternative ideas for the site would devote much of the land to building homes. 

The Australia Institute has released the results of a new poll showing that more than two-thirds of Tasmanians feel the stadium deal is “unfair” and want Parliament to stand up to the AFL. 

A rendering of the proposed stadium, which would be home to the Tasmania Devils. Image: Macquarie Point Development Corporation

According to the survey of 842 voters, 69% of respondents agreed that “The AFL is treating Tasmania unfairly in its requirements for granting Tasmania a license to join the national competition”. Of the respondents, 21% disagreed. 

Moreover, 69% also agreed with the statement that “the Tasmanian Parliament should renegotiate with the AFL to avoid building a new stadium,” while 27% disagreed. 

According to the breakdown, more Labor voters than Liberal voters had negative responses to the stadium plan. 

A site under scrutiny 

The stadium was first proposed in 2022, as the Tasmanian government entered talks with the AFL to establish a new team in Hobart. A stadium located at the Macquarie Point site became part of the agreement through the negotiation process. 

Controversy has courted the project since then. The site, which was once home to a gasworks as well as freight operations, was decommissioned and subject to a master-planning process in 2014-15 that would have seen the 9.3-hectare site developed into housing, commercial space, hospitality venues and community open space. But progress on the plans stalled, and then were shelved in favour of the stadium.

In 2023, the stadium proposal was declared a project of state significance, meaning that it could bypass some of the local planning processes, with the decision ultimately placed in the hands of the Tasmanian Planning Commission. 

The project was a central theme in the 2024 state election, and has now become a hot button issue in the 2025 state election, which was called after premier Jeremy Rockliff faced a vote of no-confidence. 

Both the Labor and Liberal parties have committed to continuing with the stadium development after the election, rather than risking losing the AFL deal to bring a team to the state. 

The project is currently estimated to cost $945 million, with the majority to be financed by the state, with contributions from the federal government as well as the AFL. 

The inner-city site earmarked for the stadium was subject to an earlier master plan that would have incorporated housing. Image: Getty

Is the stadium overshadowing the state’s need for housing? 

Leanne Minshull, strategy director at The Australia Institute, said that based on the results of the poll, it was clear “Whoever wins the state election on July 19 must stand up to the AFL and stand up for Tasmanians.” 

“This state deserves to have a team in the AFL, but Tassie taxpayers don’t want to be on the hook for a billion-dollar indoor stadium they don’t want.” 

Meanwhile, the Housing Industry Association (HIA) stressed that the stadium should not steal focus from the state’s housing issues at such a pivotal time as an election. 

HIA’s Tasmania executive director, Stuart Collins, commented: “It would be remiss of any party or candidate to focus solely on the stadium, when new housing is in such short supply and can help to create jobs and drive the economy”.   

“With Tasmania rock bottom on HIA’s Housing Scorecard… now is the time to release land, stimulate housing activity and slash red tape,” he added. 

The Tasmanian Liberal party has announced that if re-elected, the government will triple the current First Home Owners Grant to $30,000, reinstating it to previous levels. This government scheme is available to first-time buyers buying or building a new home. 

With Hobart in need of housing, some groups have suggested the inner-city site has more important uses. Image: Getty

Alternative proposals preference housing 

With so much attention fixated on the inner-city site, opinions have been strong about how the space should be used. Two groups have put forward alternative proposals, both of which include housing. 

The Mac 2.0 Stadium Consortium, which is being promoted by former Tasmanian premier Paul Lennon, would still situate a stadium in the area but shift its location and make space for residential development, including social and affordable housing, as well as a private hospital. Estimated to cost over $2 billion, this plan is more than twice the cost of the current proposal. 

Meanwhile, the group Our Place, championed by former Tasmanian governor Kate Warner, has put forward a plan that nixes the stadium in favour of housing for over 2000 Tasmanians, and would see the creation of an Indigenous Truth and Reconciliation Park. 

Moreover, Greens senator for Tasmania Nick McKim has urged the federal government to redirect its $240 million commitment for the stadium towards housing instead.  

“Tasmanians need a roof over their heads, not a roofed stadium that will wreck Tasmania’s economy,” he said. 

Are you interested in hearing more about home building in Australia? Check out our dedicated New Homes section.

The post Tasmanians turn against inner-city stadium. Should it be housing instead?  appeared first on realestate.com.au.

June 25, 2025/0 Comments/by JKents
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Sites for 26,000 new homes revealed in ACT 

The territory government will release land for 26,000 homes over the next five years to meet housing targets.  

The ACT government is proposing to enable 30,000 new homes by 2030 under its National Housing Accord commitments and has laid out its strategy through the Housing Supply and Land Release program.  

Each year, alongside the release of the budget, the ACT government releases its five-year plan for the release of territory-owned land to meet growing population needs.  

Previously, this was known as a stand-alone publication called the Indicative Land Release Program, but now it forms part of the broader Housing Supply and Land Release Program.

The ACT government will release territory-owned land to enable 26,000 homes. Picture: Getty

The latest iteration lays out a plan to enable the construction of 25,948 new homes across the ACT by 2030 through residential land releases by the government. Of those homes, 23,569 are set to be part of multi-unit buildings and 2379 will be detached dwellings.  

This will account for a predicted population growth of an extra 47,872 people by 2030.  

ACT treasurer Chris Steel delivered the news in the state’s budget on 24 June, 2025. 

“Housing is a key priority for our government in the budget. These targets will be achieved through budget investment to build more social and affordable homes, undertaking the next stages of planning reform, further land release and investment in supporting infrastructure,” Mr Steel said. 

“We will continue to progress missing middle housing reforms, as well as supporting more well-located homes close to transport, services and jobs.”

Which area will see the most building? 

The ACT is made up of nine districts and the state government has provided an indication of how much housing will be built in each one from territory-owned land releases.  

Molonglo Valley, east of Canberra, is the territory’s newest district and holds 3.4% of its total population with 16,026 people. Much of the district is still being developed with two new suburbs – Bandler and Sulman – announced last year.  

According to the ACT government, the district offers land that can cater to a range of housing types from multi-units to single dwellings to community housing.  

It is expected to see the most homes built off the back of land releases with 7612 in total over the next five years.  

Throughout the land release period, mixed-use and commercial sites will be also released for a community centre, schools and a childcare centre.

The Molonglo Valley district is expected to see the most homes from the land releases. Picture: Getty

Gungahlin, a district north of Canberra which holds 19.5% of the ACT’s population, is expected to see 3788 new homes from land releases. A new suburb called Kenny could supply 1800 to 2500 homes across two land release stages.  

Further sites will be released in Jacka and the Gungahlin town centre, which will include a build-to-rent project.  

Belconnen, the ACT’s most populated district with 108,403 people, could see 3298 new homes created across land releases at greenfield and urban infill sites.  

Land releases are planned for Macnamara across all five years of the program for residential development and sites will be released in Strathnairn to provide commercial offerings to the local community.  

Within the Belconnen town centre, there are plans for residential and mixed-use developments.  

Within the Inner North and City district, which has a population of roughly 66,000, 2192 homes are expected from urban infill sites close to existing and future light rail connections.  

The City Centre will also see land released in the south-east of Civic for a mixed-use development opportunity.  

The Inner South district will see 3130 dwellings created from land releases, including from mixed-use sites. According to the government, opportunities exist at the Kingston Foreshore, Kingston Arts precinct and East Lake. 

Woden Valley, south of Canberra, could see 3420 homes built through land releases.  

Infrastructure investment is expected to drive this development activity with projects such as the new Woden CIT Campus supporting up to 6500 students each year.

Meanwhile, the extension of Canberra’s light rail line through to Woden could also provide for urban development potential along the corridor.  

Further south of Canberra is Tuggeranong, which will see 993 new homes built on land released in Gowrie and Richardson.  

Weston Creek, southwest of Canberra, could be home to 800 new dwellings over the next five years, starting with a community use site in Chapman.  

East Canberra, the territory’s smallest district which serves as mainly an industrial area, will see a small number of sites released in Oaks Estate for mixed-use and residential use. 

Are you looking to build in a land estate? Check out our New Homes section.  

The post Sites for 26,000 new homes revealed in ACT  appeared first on realestate.com.au.

June 25, 2025/0 Comments/by JKents
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Cooling price pressure boosts July rate cut chances

Inflation eased further last month, bolstering the chance of an interest rate cut for households saddled with mortgages next month.

The monthly consumer price index (CPI) indicator rose 2.1% during the year to May 2025, down from 2.4% in April, according to the latest data from the Australian Bureau of Statistics (ABS).

Annual trimmed mean inflation, which was the Reserve Bank of Australia’s (RBA) preferred measure to look at, rose 2.4% in May, down from 2.8% in April.


ABS head of prices statistics Michelle Marquardt said it was the lowest annual trimmed mean inflation rate since November 2021.

The new figures show Australia was holding inflation within the RBA’s inflation target range of 2-3% in a shift that may influence the central bank’s board as it weighs up whether to hold or cut interest rates at its next meeting on July 8.

Financial markets have put the chance of a 0.25% interest rate cut in July at about 89%, according to the ASX.

The RBA has already cut interest rates by 0.25% in February and May this year, with the cash rate now sitting at 3.85%.

RATES ANNOUNCEMENT
RBA Governor Michele Bullock and the board will consider the latest CPI data, as they decide on next month’s interest rate call. Picture: NewsWire / Nikki Short

REA Group senior economist Anne Flaherty said the latest monthly CPI figures showed inflation was continuing to ease.

“We saw both headline and underlying inflation come down over the month and that’s good news for households, but there has to be some caution in reading too much into these results because they are only a monthly indicator,” she said.

“They’re not the official CPI stats, but the fact that the indicator is showing signs that inflation is easing is pointing to an increased likelihood that where we will see a rate cut in July.

“I think there’s a pretty strong chance we will see a cut in July, and if not July, I think a good chance that it would be in August.”

Slowing inflation has been a welcome change for households, who have seen the cost of living rise faster than wages over the past five years.

REA Group senior economist Anne Flaherty said the latest monthly CPI figures showed inflation was continuing to ease. Picture: Supplied

Australia’s cost of living had increased 21% during the five years to March 2025, while wages had only grown by 16%, Ms Flaherty said.

Groceries and housing were the greatest contributors to the shift in the latest figures, according to the ABS.

Annual inflation for food and non-alcoholic beverages rose 2.9% in May, down from 3.1% in April.

Annual housing inflation rose 2% last month, down from 2.2% in April.

Taking a closer look at housing, rents rose 4.5% in the 12 months to May, down from 5% in April, marking the lowest annual growth in rental prices since December 2022.

New home prices rose 0.8%, down from a 1.2% rise in April, representing the smallest annual growth since April 2021, as project home builders offered discounts and promotional offers to entice business.

Originally published on Mortgage Choice as Cooling price pressure boosts July rate cut chances.

The post Cooling price pressure boosts July rate cut chances appeared first on realestate.com.au.

June 25, 2025/0 Comments/by JKents
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Mount Waverley luxe designer home hits market

Custom-built from the ground up, this Mount Waverley family home at 32A Windsor Ave blends smart design with luxurious finishes.

It started as a patch of dirt and a dream, now this bespoke Mount Waverley build is hitting the market for the first time.

After returning from London and squeezing into a tiny Southbank apartment with a newborn, Trinh and Marcus Sia were ready to build their forever family home.

They found the perfect block at 32A Windsor Ave, Mount Waverley, walking distance to trains, zoned for top schools, and perfectly placed between both sets of grandparents.

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It was, as Trinh Sia recalls, “always meant to be the place we built our life.”

“We bought the land when we got married and left it for a while living in Southbank,” Mrs Sia said.

“Once our daughter Paige started crawling, we knew it was time to move, so we built the home with the vision of raising our kids here.”

The result is a fully freestanding, custom-designed home on its own title, set on a low-maintenance 416sq m block.

Listing agent Buxton Mount Waverley’s Peter Serafino said the move-in ready home gives buyers the space of a house with the ease of a townhouse.

A central open-plan living zone became the heart of daily life for the Sia family, who raised three children in the custom-designed home.

The kitchen forms part of a seamless open-plan layout, designed for cooking, gathering and everyday family connection.

“There are no shared walls, no shared driveways, and a lot of thought in the floorplan,” Mr Serafino said.

“That’s appealing to upsizers, downsizers, and professionals alike.”

Built to grow with their family, the Sias designed an open-plan ground floor with a central living, dining and kitchen zone that quickly became the heart of the home.

The backyard and covered alfresco zone were made for family gatherings, and have hosted countless birthday parties and barbecues.

An additional living zone upstairs offers kids their own retreat, balancing the home’s layout between shared and private spaces.

“That’s where everything happens,” Mrs Sia said.

“Despite trying to make a toy room, the kids always ended up playing out here.

“It’s where we’ve hosted family dinners, birthday parties, and daily life.”

What started as a three-bedroom home evolved as the kids got older.

One of the home’s stylish bathrooms features a freestanding tub and premium finishes, designed to feel like a personal spa.

Mrs Sia said a spare bedroom became husband Marcus’ work-from-home office during Covid, and a portion of the master walk-in robe was reconfigured to create a fourth bedroom for their youngest son, Aiden.

“We knew every inch of the floorplan,” she said.

“We designed it ourselves and raised all three kids here — Paige, Riley, and Aiden. It’s emotional to be letting it go.”

Natural light, spotted gum floors and double-glazed stacker doors enhance the flow to a sunny backyard and covered alfresco, while upstairs offers two separate living zones and a flexible family layout.

Stone benches, quality appliances and a walk-in pantry complete the entertainer’s kitchen at 32A Windsor Ave.

Buxton’s Peter Serafino said the level of finish was what was standing out to buyers at the moment.

“The level of finish is what’s standing out to buyers,” Mr Serafino said.

“From the timber floors to the natural light, it just feels like a well-built, well-loved home.”

The home sits within the coveted Mount Waverley Secondary College zone and is minutes from Mount Waverley Village, Jordanville Station, schools and walking trails.

Spotted gum floors, double-glazed stacker doors and natural light make the living space a standout in this Mount Waverley home.

But one of the biggest long-term drawcards is still to come: the Suburban Rail Loop, opening in 2035 will slash travel time to Monash University and Deakin University in around 15 minutes from the home.

“That kind of infrastructure adds serious value,” Mr Serafino said.

“A property like this could see $500,000 to $1m growth over the next decade.”

For Mrs and Mrs Sia, the benefits of the area go well beyond numbers.

“The community has been great, we could walk to the library, local shops, playgroups — I didn’t have to load the kids into the car every day. That made a huge difference,” she said.

Once complete, the Suburban Rail Loop will connect Mount Waverley to Monash University in just 12 minutes by train via Glen Waverley station.

The family’s next move isn’t far, just across Mount Waverley to a home with more outdoor space as their kids grow up.

But they say 32A Windsor Ave, will always be their first real family home.

“We hope whoever lives here next feels that warmth the moment they walk in the door,” Mrs Sia said.

“It really is a special place.”

The Windsor Ave home has a price guide of $1.65m-$1.75m and will go to auction at 11:30am on July 5.


Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.

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david.bonaddio@news.com.au

The post Mount Waverley luxe designer home hits market appeared first on realestate.com.au.

June 25, 2025/0 Comments/by JKents
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Redefining what it means to win in mortgage

You likely hear strategies rooted in competitive advantage: how to stand out, gain market share and outperform rivals. In mortgage, that playbook often mirrors sports—one side wins, the other loses.

But what if winning didn’t require someone else to lose?

A smaller market still full of opportunity

According to the Mortgage Bankers Association’s May 2025 forecast, total mortgage originations are expected to reach $1.397 trillion by year’s end, a slight downward revision from earlier projections. Existing-home sales are forecast at 4.266 million, down from 4.341 million in March.

Mortgage rates are expected to remain elevated, averaging 6.6% in the fourth quarter of 2025, as aggressive trade policies and weak consumer sentiment keep pressure on rates.

Despite these headwinds, one truth remains: there’s more than enough business for professionals who shift focus to underserved markets. That includes $1.15 trillion to $1.38 trillion in retail originations and $920 billion to $1.15 trillion in wholesale. With about 75,000 licensed retail loan officers and another 25,000 mortgage brokers in operation, the opportunity is clear—especially for those ready to serve rising borrower segments.

Hispanic homebuyers: your next growth opportunity

Success today isn’t about competing for the same loans as every other originator. It’s about contributing to an underserved market that’s driving U.S. homeownership growth: Hispanic and Latino borrowers. By shifting your focus from conquest to contribution, you tap a fast-expanding segment and set your business up for sustainable wins.

Here’s the data:

  • Homeownership growth leader. In 2023, the Hispanic homeownership rate climbed to 49.5%, the largest increase of any ethnic group. That added 377,000 owner households—30% of the nation’s total growth.
  • Young buyers, steady demand. With a median age of 30.7, Hispanic households are the youngest major demographic. That fuels new household formations and long-term home-financing demand.
  • Multigenerational complexity, larger commissions. Roughly 32% of Hispanic households are multigenerational—nearly double the rate for non-Hispanic families. Those transactions often involve co-borrowers or larger loan amounts, boosting your commissions.
  • High-opportunity neighborhoods. Seventy-one percent of Hispanic-financed purchases take place in middle- and upper-income census tracts, markets such as El Paso, Laredo and Corpus Christi in Texas and Cleveland and Detroit in the Midwest are showing tremendous growth. 
  • FHA advantage. Hispanic borrowers rely on Federal Housing Administration loans—known for lower down payments and flexible credit guidelines, more than other groups. Many originators overlook FHA, leaving room to stand out.

Serve this community well and you’ll build relationships that drive referrals, repeat business and a reputation for making homeownership more inclusive.

A market hiding in plain sight

While originations have dipped and interest rates remain stubbornly high, one thing hasn’t changed: the Hispanic and Latino market remains the single most significant growth opportunity in residential real estate.

Yet many loan officers, in both retail and wholesale, aren’t equipped to serve these borrowers effectively. It’s not a lack of intent; it’s a lack of tools, language access and market strategy.

At major mortgage conferences, less than 1% of attendees are Hispanic loan officers.

Most remain in retail, leaving the wholesale channel largely untapped by one of the fastest-growing demographics. Wholesale lending offers greater flexibility, competitive pricing and entrepreneurial potential—an opportunity to educate and empower Hispanic professionals to make the transition and to equip all loan officers to serve this segment.

What privatization of Fannie Mae and Freddie Mac could mean

As talks heat up about returning Fannie Mae and Freddie Mac to private ownership, the implications for Hispanic and Latino borrowers—and those who serve them—cannot be ignored.

Privatization could mean profit-driven underwriting, tighter credit requirements and reduced product diversity, especially for programs that support first-time and lower-wealth buyers.

Hispanic borrowers—who often use FHA and other flexible products and face structural barriers such as thin credit files or multigenerational borrowing—would be disproportionately affected.

If affordability programs and access tools tied to Fannie Mae and Freddie Mac are deprioritized, the very borrowers driving homeownership growth risk being locked out.

Opportunities to strengthen service

Don’t wait. Participate. There are countless opportunities for mortgage loan officers to grow their capabilities and culture competence today such as:

  • Leveraging new digital training resources: There are several industry trade groups that offer courses, borrower personas, marketing scripts and co-borrower strategies, to help build confidence in serving Hispanic and Latino clients.
  • Join webinars and mentorship programs: Sharpen cultural competence, language access and referral networks.
  • Partner with wholesale lenders: Reach out to wholesale originators and about pathways ready to expand into higher-complexity transactions.
  • Advocate for policy and product diversity: Ask questions, suggest solutions at local, state and national levels to preserve access tools that benefit first-time and lower-wealth borrowers

There is still plenty of business left in 2025. The question isn’t whether there’s enough to go around; it’s whether you’re ready to serve the right way.

Equip yourself with the tools, training and partnerships to help Hispanic and Latino families achieve homeownership, and help yourself by helping others!

Rogelio Goertzen is the  founder and CEO of the Hispanic Organization of Mortgage Experts.

This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners.

To contact the editor responsible for this piece: zeb@hwmedia.com.


June 25, 2025/0 Comments/by JKents
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