Peter FitzSimons and Lisa Wilkinson are downsizing. Picture: Stephen Cooper
Media power couple Lisa Wilkinson and Peter FitzSimons have been attracting a storm of interest from prospective property buyers since deciding to list their home of 30 years for over $23 million.
And the move is showing early promise, with the listing last week becoming the most viewed home up for sale nationally on realestate.com.au.
That was despite the price tag 23 times higher than the national median house price.
The couple have owned the home in the suburb of Cremorne since 1998 when they paid just under $3 million for the five-bedroom house overlooking the Harbour.
Known as Ingleneuk, the house was built in 1903 and is described in the listing as a “magnificent example of superbly preserved Federation architecture”.
And while the home has attracted a lot of interest online, the couple’s decision to sell has also garnered a mixed reaction on social media, with a Facebook post by the Mosman Daily announcing the sale getting over 1,200 comments.
They ranged from observers commenting on the property’s coveted features to questions about the couple’s views. One commentator said: “How hypocritical”, alluding to the couple’s larger home size despite FitzSimons’ reported views about Green policies and sustainability.
Another said: “Big Pete the lefty. It’s fine for him to be rich in a $23m mansion, but the rest of us should suffer under his Green agenda.”
Others were more sarcastic. “Just a couple of everyday Australian battlers,” another comment said.
There was even a cheeky dig at Ms Wilkinson’s departure from Channel 9 in 2017, when it was revealed she was earning less than Today show co-host Karl Stefanovic. “Imagine what she could have bought if she was paid the same as Karl,” the comment said.
“Seems to be doing alright (sic) by the look of it,” another comment said.
It’s expected to sell for around $23m.
One user commented: “this is the dude who screams ‘let the refugees in’ knowing they could not afford a taxi fare to his suburb”.
It should be noted there were also multiple users who dismissed such comments as “jealousy”.
The Cremorne home has one of the biggest landholdings in the area.
A development application is currently in place for a new triple garage with interconnected studio accommodation and a new garden room.
It’s understood that the sprawling 3125 sqm estate had become surplus to the needs of the former Today show host and FitzSimons after their three children moved out.
The impressive land size was the result of the couple adding two adjoining lots, which had been subdivided off the original 122-year-old estate – to return it to its original size and double street frontage.
The house has a full-sized floodlit tennis court, heated pool and spa, cabana with a wet bar and landscaped grounds. It has been listed with BlackDiamondz agents Moniku Tu and Jad Khattar.
A range of personalities have been reported to have visited the estate of the years, including Prime Minister Anthony Albanese, actor Simon Baker, Hugh Jackman and celebrity chef Nigella Lawson.
Wilkinson and Wallaby turned author FitzSimons bought the Cremorne house after selling a previous Mosman home for about $1.66 million, records showed. The couple married in 1992.
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png00JKentshttps://www.juliankent.com/wp-content/uploads/2025/11/logo.pngJKents2025-08-28 00:01:062025-08-28 00:01:06Lisa Wilkinson’s $23m Federation home in Cremorne draws huge interest
Properties for sale in these suburbs are being swamped with enquiries from house hunters, but prices are still within reach for the average buyer.
Analysis of PropTrack data has revealed dozens of high-demand suburbs that are in a home price ‘sweet spot’, with cheaper houses than most of the country.
In these suburbs, demand from buyers is much higher than a year ago, but in most cases prices haven’t taken off just yet, giving buyers an opportunity to get in before increased interest pushes prices higher.
The data tracks how demand has changed in the past year in suburbs across the capitals and regions that have a median house price of less than $750,000.
Demand is measured by the number of enquiries per listing, which include high-intent actions such as emailing the agent, downloading documents or requesting an inspection.
Enquiries can be a leading indicator for price growth – if enquiries per listing are rising, it means more serious buyers are interested in purchasing properties in that suburb.
The data shows there are plenty of suburbs where affordable properties are increasingly sought-after in both the capital cities and the regions.
Where these high-demand suburbs are located reflects a key trend driving price growth across Australia – investors are increasingly searching outside their home state for affordable homes with strong rental yields.
Affordable capital city suburbs where buyer demand is booming
About half of the suburbs with median prices under $750,000 where demand is surging were located in Melbourne.
The Victorian capital has experienced a resurgence in demand recently, with buyer interest rebounding after the lows of recent years.
In fact, Melbourne’s slower price growth in recent years — a result of interstate migration outflows during the pandemic, higher levels of home construction and property tax changes for investors — has actually led to the rebound in demand.
High-demand capital city suburbs – $500,000 to $600,000
Suburb
State
12-month demand growth
Median house price
12-month price growth
1
Dallas
VIC
109%
$555,000
5%
2
Melton West
VIC
88%
$560,000
3%
3
Coolaroo
VIC
87%
$560,000
4%
4
Karama
NT
83%
$517,500
16%
5
Wulagi
NT
67%
$580,000
8%
6
Broadmeadows
VIC
66%
$595,500
5%
7
Claremont
TAS
56%
$553,500
4%
8
Glenorchy
TAS
54%
$565,000
1%
9
Basin Pocket
QLD
54%
$550,000
6%
10
Gunn
NT
50%
$545,000
8%
11
Bakewell
NT
47%
$525,000
9%
12
Kurunjang
VIC
46%
$543,456
4%
13
Doveton
VIC
46%
$600,000
1%
14
Zuccoli
NT
40%
$600,000
18%
15
Laverton
VIC
32%
$600,000
3%
16
Warrane
TAS
29%
$551,000
0%
17
Laidley
QLD
29%
$562,500
18%
18
Bacchus Marsh
VIC
29%
$600,000
-6%
19
Wyndham Vale
VIC
26%
$585,000
-1%
20
Melton South
VIC
26%
$525,000
7%
Source: PropTrack. Suburbs ranked by % change demand, measured by average enquiries per listing. Excludes suburbs with fewer than 30 sales in the 12 months to July 2025.
REA Group senior economist Eleanor Creagh said Melbourne’s slower price growth compared to the other capitals meant it had become a more appealing option for buyers with limited budgets.
“Melbourne has a very high proportion of suburbs recording increased demand, reflecting improved affordability relative to Sydney, Brisbane and other smaller capitals,” she said.
Buyer demand has surged in Broadmeadows, one of Melbourne’s most affordable suburbs. Picture: realestate.com.au/sold
Interest rate cuts have also boosted borrowing capacities, and with overseas migration supporting population growth, more buyers are keen to get into the Melbourne market, Ms Creagh said.
The data shows buyers searching for affordable properties are increasingly targeting Melbourne’s outer north and northwest suburbs.
High-demand capital city suburbs – $600,000 to $750,000
Suburb
State
12-month demand growth
Median house price
12-month price growth
1
Frankston North
VIC
120%
$625,000
6%
2
Campbellfield
VIC
111%
$642,500
5%
3
Bellamack
NT
90%
$620,000
4%
4
Jacana
VIC
85%
$620,000
8%
5
Carrum Downs
VIC
79%
$728,250
4%
6
Badger Creek
VIC
72%
$662,500
-5%
7
Tullamarine
VIC
72%
$745,000
3%
8
Johnston
NT
68%
$675,000
12%
9
Maddingley
VIC
66%
$616,250
-1%
10
Sorell
TAS
64%
$660,000
-5%
11
Booval
QLD
62%
$636,250
9%
12
Leanyer
NT
61%
$610,000
2%
13
Deer Park
VIC
60%
$667,500
3%
14
Muirhead
NT
59%
$730,000
0%
15
Lalor
VIC
57%
$718,000
3%
16
Regency Downs
QLD
55%
$710,000
-4%
17
Delahey
VIC
54%
$660,000
3%
18
Hoppers Crossing
VIC
52%
$638,000
3%
19
Sunshine West
VIC
50%
$700,000
3%
20
Roxburgh Park
VIC
50%
$660,000
2%
Source: PropTrack. Suburbs ranked by % change demand, measured by average enquiries per listing. Excludes suburbs with fewer than 30 sales in the 12 months to July 2025.
Real estate agent Mark Burke of OBrien Real Estate Frankston said Frankston North was in a ‘sweet spot’ for affordability that appealed to both investors and first-home buyers.
He said the area was undergoing gentrification, with many first-home buyers competing strongly to secure renovation-ready homes near the beach amid increased interest from interstate investors.
“There’s still a lot of first-home buyers winning which is good,” he said. “They’re quite often willing to pay a decent premium to do it.”
Real estate agent Mark Burke said a first-home buyer beat investors to secure this three-bedroom Frankston North house for $747,000 — a figure that was $147,000 above the reserve. Picture: realestate.com.au/sold
Affordable suburbs in Australia’s two smallest capitals, Darwin and Hobart, also ranked highly for increased levels of enquiry, with stronger demand in these cities potentially translating to higher prices in the near future, according to Ms Creagh.
“Almost all suburbs in Darwin and Hobart are recording stronger enquiries, which indicates demand is strengthening across those markets,” she said.
The Hobart suburbs of Claremont, Glenorchy and Warrane were most popular with buyers aiming to buy under the $600,000 price point.
Meanwhile, Karama and Wulagi in Darwin’s north and Gunn, Bakewell and Zuccoli in the Palmerston region were the sub-$600,000 suburbs where demand was rising quickest, while Muirhead was popular with buyers with up to $750,000 to spend.
Renovated homes on large blocks in Karama in Darwin’s north are selling quickly and achieving strong results. Picture: realestate.com.au/sold
Darwin real estate agent Derek Hart of Elders Top End said affordability was a major factor for both first-home buyers and investors buying in Karama, as was its location about 15 minutes from the Darwin CBD.
“The investors are offering much quicker than first-home buyers,” he said.
“First home buyers still want to have a look around and see what’s out there, but if they hesitate, the investors are buying homes up pretty quickly.”
“Investors have more urgency. With low interest rates they know in the next six months it’s going to be worth more.”
Affordable regional suburbs where demand is surging
The regional suburbs under the $750,000 mark with the strongest increases in demand were mostly found in smaller cities where homes are typically much cheaper than in the capitals.
“These regional centres tend to have good access to infrastructure, and attractive local economies,” Ms Creagh said.
High-demand regional suburbs – $500,000 to $600,000
Suburb
State
12-month demand growth
Median house price
12-month price growth
1
West Albury
NSW
154%
$572,500
-3%
2
Glenfield Park
NSW
144%
$600,000
8%
3
Millars Well
WA
126%
$545,000
12%
4
Kooringal
NSW
118%
$572,000
6%
5
Thomson
VIC
108%
$524,000
0%
6
Mount Pleasant
VIC
106%
$505,000
14%
7
Golden Square
VIC
105%
$540,200
4%
8
Lavington
NSW
103%
$550,000
15%
9
Waggrakine
WA
102%
$542,000
26%
10
Eaglehawk
VIC
100%
$530,000
6%
11
Whittington
VIC
99%
$537,500
6%
12
Forest Hill
NSW
94%
$530,000
20%
13
Griffith
NSW
94%
$597,500
6%
14
Kennington
VIC
92%
$590,000
3%
15
Spring Gully
VIC
84%
$591,250
-17%
16
Newcomb
VIC
75%
$550,000
-3%
17
Kangaroo Flat
VIC
74%
$550,000
5%
18
Wodonga
VIC
73%
$585,000
8%
19
Lancelin
WA
68%
$580,000
4%
20
Delacombe
VIC
67%
$520,000
-3%
Source: PropTrack. Suburbs ranked by % change demand, measured by average enquiries per listing. Excludes suburbs with fewer than 30 sales in the 12 months to July 2025.
The NSW Riverina region has emerged as a hotspot for buyer demand for affordable homes, with enquiries jumping in suburbs of Wagga Wagga, Albury and Griffith.
Griffith real estate agent and Soul Property Agents director Nathan Thomas said out-of-area enquiries were rising.
Buyer demand has grown in Griffith in the NSW Riverina region, supported by the regional city’s diverse local economy. Picture: Getty
“We have a lot of the indicators that out-of-area buyers are looking for, at a price level that is achievable for most people,” he said.
“Griffith has proven itself to be affordable in comparison to the major metro markets, and our median price is well below the cutoff points for first-home buyer incentives. It also has a reasonable yield and a very low vacancy rate.”
Griffith’s diverse employment options, including agriculture, winemaking, food processing and healthcare, were also drawing buyers, Mr Thomas said.
High-demand regional suburbs – $600,000 to $750,000
Suburb
State
12-month demand growth
Median house price
12-month price growth
1
Lloyd
NSW
134%
$749,000
-5%
2
Marong
VIC
98%
$650,000
-1%
3
Shepparton North
VIC
81%
$622,500
-16%
4
Bell Post Hill
VIC
75%
$660,000
2%
5
Jones Hill
QLD
75%
$700,000
3%
6
Newington
VIC
69%
$645,000
10%
7
Parkhurst
QLD
69%
$665,000
3%
8
Scarness
QLD
68%
$640,000
15%
9
Jurien Bay
WA
67%
$707,500
18%
10
Cessnock
NSW
66%
$630,000
4%
11
Bendigo
VIC
66%
$620,000
3%
12
North Geelong
VIC
66%
$610,000
-3%
13
St Albans Park
VIC
66%
$622,500
9%
14
Strathdale
VIC
65%
$660,000
9%
15
Aberdare
NSW
64%
$645,000
8%
16
Lake Albert
NSW
64%
$735,000
20%
17
Strathfieldsaye
VIC
64%
$732,500
6%
18
Legana
TAS
63%
$730,000
-2%
19
Gooburrum
QLD
62%
$643,500
-10%
20
Bourkelands
NSW
59%
$720,000
4%
Source: PropTrack. Suburbs ranked by % change demand, measured by average enquiries per listing. Excludes suburbs with fewer than 30 sales in the 12 months to July 2025.
Buyer activity is also increasing south of the border where regional buyers, with affordable suburbs in Victoria’s smaller cities attracting attention.
A typical house in regional Victoria is almost $400,000 cheaper than in Melbourne, according to the latest PropTrack Home Price Index.
Affordable property prices have coaxed more buyers to suburbs of Bendigo such as Golden Square, where this three-bedroom house recently sold for $552,500. Picture: realestate.com.au/sold
Ms Creagh said many of these areas were benefiting from ongoing post-pandemic migration trends, with affordability being the major motivator for many buyers.
With increased interest and investment in popular suburbs of these regional centres, higher competition among buyers amid ongoing population flows could support price growth into the future.
Swish entertainers’ setups, plenty of car storage space and wellness centres are among the cool home features sought after by Melbourne’s well-off home buyers.
From hyperbaric chambers to golf studios and nightclub-style setups, Melbourne’s young rich listers are seeking jaw-dropping features in their multimillion-dollar homes
Apart from top-tier entertainment, fitness and security attributes, storage for large car collections, art gallery-esque display areas and technologically-savvy mansions are also in demand, according to industry experts.
A new report from top-end agency Marshall White covering the 2024-25 financial year stated young wealthy buyers, often in tech and finance, are becoming a major force in Victoria’s affluent property scene.
The Marshall White Prestige Property Index mentioned tennis courts and swimming pools remain attractive for most buyers, though are generally viewed as desirable luxuries rather than essential inclusions.
However, secure underground carparking is increasingly in demand, especially by vehicle collectors.
For sale with a $33m-$36m price tag, this double-storey St Kilda penthouse in the Saint Moritz complex features an outdoor heated, glass-walled pool, a barbecue and built-in seating …
… in addition to a private eight-car garage …
… that even has lift access.
On the Mornington Peninsula, demand is particularly shifting toward wellness features such as saunas, home gyms, and yoga studios.
Marshall White director Marcus Chiminello said many young buyers aged in their 30s and 40s wanted homes to perform “much greater tasks” than the previous generation of well-to-do buyers.
“We’re seeing fully customised bars, we’re seeing sort-of speak-easies and also setups like nightclubs within homes, through to pickleball courts,” Mr Chiminello said.
He said many of the younger buyers wanted to be able to entertain friends in the privacy of their own residences, rather than going out in public.
This six-bedrooom mansion at 42 St Georges Rd, Toorak, has a glass-walled six-car garage, gym, home theatre with a bar, and temperature-controlled wine cellar on its lower level. It’s for sale with a $19m-$20.5m asking range.
The wine cellar makes is an ideal space for intimate gatherings.
With home invasions and other crimes very much in the news across Melbourne, homeowners are also seeking to prioritise the safety of themselves and their families.
Panic rooms, safe rooms, walk-in safes and panic buttons, a device designed to summon help by triggering an alarm to emergency or security services, are helping them to do this.
Mr Chiminello said while some homes might not have a panic room, a room that could provide a similar level of safety – if needed – was often viewed as a bonus among buyers.
“Where the rooms shut down, there’s steel-plated doors, there’s security in there, there’s phone lines in there, there’s a safe or people just use them for very valuable items,” he said.
Set on 666sq m, this five-bedroom townhouse at 10A Lucas St, Brighton East, offers a lift, basement office and gym and home theatre.
The six-car basement garage with polished concrete floor boasts a turntable and is pre-wired for electric vehicle charging. The home is for sale with $5.7m-$6m price hopes.
Storage space for between eight to 10 cars is another increasingly popular feature across suburbs such as Toorak, South Yarra, Albert Park, Hawthorn and Kew.
Mr Chiminello has met owners of collectable cars such as older Jaguar E-Type cars and rare Ferraris seeking an area, such as a basement garage, for their valuable vehicles.
“They want them stored in a safe, secure environment, and people go out of their way at length to ensure that they find a home that can store them,” he said.
“There’s certainly an increase from a design perspective, where there are living areas in the lower levels, bars and entertainment rooms that have a glazed interface between them and the best cars in the basement.”
A house at 123 Roslyn St, Brighton, is on the market for $7.5m-$8m. It features a cinema room, mirrored gym and pilates studio, and a steam room.
Inside the steam room. Such rooms are designed to provide wellness benefits through exposure to moist heat, including relaxation, muscle and joint relief, and boosted skin health.
He’s also encountered clients with “phenomenal art collections” who want space to store and display their paintings and sculptures.
When it comes to fitness, he is seeing hot and cold plungers, infra-red and traditional saunas and even hyperbaric chambers in houses.
Mr Chiminello said the wellness trend had been popularised by figures including luxury property developer Tim Gurner, whose wellness chain Saint Haven offers services like infra-red saunas and anti-ageing treatments.
Priced at $27m-$29.5m, the house at 47 Murphy St, South Yarra, has a sauna, steam room, gym, and plunge pool and spa.
The five-bedrooom home also has a pool table and arcade-style games inside.
“And people want an element of that in their home, as well as elsewhere,” Mr Chiminello said.
“People are looking to spend upwards of hundreds of thousands of dollars in fitting out a fully equipped gym, which takes up it can take up 800, 100, 150s m of floor space to ensure they have the best exercise facilities, for those that maybe are a bit more impartial to privacy than a public gym.”
A six-bedroom house, 31-33 Sackville St, Kew, features a six-car basement, a billiard room with a kitchenette, and a sauna. It has a $15m price tag.
The house’s wine cellar is another highlight.
Morrell and Koren buyer’s advocate to Melbourne’s top end, Matthew Cleverdon, said he was seeing a lot of newer homes with cinemas and gymnasiums, while basement carparking “has always been a must for multiple cars”.
“There’s an emergence of wellness products, saunas, ice baths, things like that, being an inclusion in homes whether they’re retrofitted in or designed from the start,” Mr Cleverdon said.
“Some homes even have golf simulators, things like that – and I’m awaiting the emergence of the pickleball courts.”
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png00JKentshttps://www.juliankent.com/wp-content/uploads/2025/11/logo.pngJKents2025-08-27 12:00:052025-08-27 12:00:05Inside Melbourne’s elite homes: What the young and rich want
Home buyers are gearing up for a busy spring market, with interest rate cuts boosting confidence and increasing the likelihood of stronger competition for properties around the country.
Real estate agents from each capital city are expecting greater buyer activity over the next three months, fuelled by the three rate cuts delivered so far and the prospect of more cuts to come later in the year.
REA Group executive manager of economics Angus Moore said home prices were already on the move heading into this spring selling season.
“Spring is usually the busiest time of year for the property market, and we usually see activity start to ramp up over August and September,” he said.
“Heading into this spring, we’ve seen rate cuts and we’re starting to see more price growth, especially in places like Sydney and Melbourne.”
Spring is normally the busiest period of the year for the property market. Picture: Getty
The latest home price data showed the national median home price reached a record high of $827,000 in July, up 4.9% over the past year, according to the latest PropTrack Home Price Index.
Australia’s capital city property markets vary greatly, so we’ve gathered the latest real estate outlooks from experts for each capital city.
In Sydney, Ray White Upper North Shore real estate agent Jessica Cao said there had been more buyer activity since July.
“We’ve been seeing stronger numbers at open homes and more registered bidders at auctions,” she said.
“At the past few auctions, I’ve had four to five registered bidders at each auction, which is great.
“Let’s hope the market will continue to improve and get stronger and stronger.
The three-bedroom house at 2 Roach Avenue, Thornleigh in Sydney recently sold under the hammer for $1.95 million, attracting six bidders at the auction. Picture: Supplied
“Over the past few years, the market has been pretty staggering, so we are looking forward to a very strong spring period and into next year.”
Sydney’s median house price was up 3.4% year-on-year (YoY) to $1.564 million in July, while the city’s median unit price was 3.2% higher at $860,000 for the same period.
In Sydney, new property listings were 5.3% lower YoY in July, while total listings were 2.2% higher, according to the latest data from PropTrack.
Melbourne spring property outlook
Melbourne home prices have been on the move this year after some challenging years, and agents were hopeful that the momentum would continue into spring.
The Melbourne median house price rose 2.2% to $983,000 during the year to July, while the median unit price was down 0.6% at $609,000 over the same time.
Real estate agent and director at Ray White – The Bayside Group, Kevin Chokshi, said there were promising signs for Melbourne’s property market.
“We’re seeing positive signs at opens and auctions, and there’s more confidence out there,” he said.
The three-bedroom house at 2 Blossom Street, Mitcham in Melbourne recently went to auction, attracting five bidders and selling under the hammer for $1.241 million. Picture: Realestate.com.au/sold
Mr Chokshi said his team had seen more homes sold before auction over the past quarter than any previous quarter in the past few years – a sign that buyers were starting to feel a sense of urgency.
“There are subtle cues emerging among buyers from the interest rate cuts, there’s more confidence and positive sentiment… so it’s going to be a strong spring and a strong year next year” he said.
New property listings in Melbourne were 9.4% lower YoY in July, while total listings were down 10.5%.
Brisbane spring property outlook
Brisbane remains a hotspot heading into spring, but sellers have been holding back as they struggle to find their next home or consider sitting tight to reap the benefits of the upcoming 2032 Olympic Games.
Units were leading the way in Brisbane, with the median unit price growing 13% YoY to $715,000 during the year to July, while house prices rose by 7.8% to $1.067 million.
Matt Lancashire, real estate agent and sales principal at Ray White – New Farm, said the upcoming spring market would be largely driven by local supply and demand levels.
“Across the board in Brisbane, we’re down 30% on new listings coming to market and we’re up by 60% on enquiries,” he said.
Four bidders recently competed for the five-bedroom house at 8 Howard Street, Grange in Brisbane, which sold for $3.315 million. Picture: Supplied
“It’s like a perfect storm for sellers and agents, but the problem is that it’s hard to get stock.”
Mr Lancashire said Brisbane had likely seen the majority of its price growth in 2021, when the pandemic drove a surge in home prices.
The 2032 Brisbane Olympic Games and the infrastructure being built to accommodate the games were likely to attract more buyers to the city over the coming years too, he said.
Adelaide spring property outlook
Adelaide’s property market has been a star performer in recent years, but demand in some parts of the city’s market was starting to ease.
Adelaide’s median house price rose 9.5% to $916,000 over the year to July, while unit prices grew by 8.4% to $632,000 over the same period.
Ray White Burnside director and real estate agent Brandon Pilgrim said the higher end of Adelaide’s property market was getting tougher.
The three-bedroom house at 8 Rawson Street, Alberton in Adelaide attracted four registered bidders and sold for $1.225 million. Picture: Realestate.com.au/sold
“The market we have is still good, but there are parts of it that have become quite tough,” he said.
He said homes at the higher end of the market that had flaws like quirky floorplans may struggle in the current market.
On the other hand, Mr Pilgrim said the market was still hot for homes at lower price points and anything with land, citing high demand from property developers.
In Adelaide, new property listings were 4.1% lower in July than the same time last year, while total listings were up 5.1%.
Perth spring property outlook
In Perth, buyers should see more homes hit the market this spring, but they are likely to see greater competition as well due to this year’s interest rate cuts.
Real estate agent and sales associate at Peard Real Estate – Hillarys, Gemma Andrews, said Perth’s property market remained fiercely competitive.
“Well-presented homes in desirable or coastal locations continue to drive price growth, while rising vacant land prices and building costs are also contributing to higher house values,” she said.
“We expect a rise in listings as part of the seasonal market cycle, providing more opportunities for buyers.
There were eight bidders at the recent auction of 57 Elsie Street, Watermans Bay in Perth, which sold under the hammer for $2.652 million. Picture: Supplied
“At the same time, any easing in interest rates is likely to increase borrowing capacity, which could further stimulate buyer activity and maintain a competitive market environment.”
Unit price growth has been outpacing houses in Perth, with the median unit price up 11.4% YoY to $584,000 in July, compared to annual median house price growth of 7.3% ($926,000).
New property listings in Perth were 11.2% lower YoY in July, while total listings were up 6.6%.
Hobart spring property outlook
A shortage of homes for sale in Hobart has been increasing competition among buyers in the lead up to the spring selling season.
In Hobart, new property listings were down 13.5% YoY in July, while total listings were 10.3% lower.
Bec Owens, real estate agent and sales manager at Peterswald, said the supply of homes for sale in Hobart was quite low.
“We’re back into a position of having multiple buyer interest more often on our listings than we have had previously,” she said.
The three-bedroom house at 22 William Cooper Drive, New Town in Hobart recently sold for $1.07 million. Picture: Realestate.com.au/sold
“We expect that our spring is looking shaping up to be quite busy, particularly if we do get another boost in confidence from further interest rate cuts.
“The rate cuts that we’ve already have started to give people a bit more confidence to move forward with transactions.”
Ms Owens said spring was normally a busy listing time for sellers, but vendors appeared to be holding off from launching so far.
The median house price in Hobart increased 2.7% to $710,000 over the year to July, while unit prices jumped 5.1% to $581,000.
Canberra spring property outlook
In Canberra, real estate agent and principal/director at Hayman Partners, Brett Hayman, was seeing steady home price growth and market activity.
Mr Hayman said there was moderate house price growth in Canberra, while unit price growth had been under pressure due to an oversupply of units in the city.
“Normally, we’re listing a lot more for spring, but we think it might be a slower start to spring this year,” he said.
The six-bedroom house at 42 Jennings Street, Curtin in Canberra recently traded for $1.95 million. Picture: Realestate.com.au/sold
“I think things will heat up after the Labour Day long weekend in early October.
“We’re sensing that people are still waiting for more interest rate cuts before making their final decisions.”
Canberra’s median house price was slightly higher, up 0.7% to $959,000 during the 12 months to July, while unit prices were 2.4% lower over the same period ($590,000).
In Canberra, new property listings had decreased 0.4% in July, compared to the same time last year, while total listings were 1.1% higher.
Darwin spring property outlook
Affordable property prices and increasing rents have been attracting plenty of investors to Darwin’s property market lately, according to Elders Top End Group real estate agent Derek Hart.
The median house price in Darwin has grown 6.5% to $604,000 during the year to July, while unit prices were up 7.4% to $410,000 during the same period.
Mr Hart said the Darwin property market was the most buoyant it had been in the 18 years he had been selling homes.
Six bidders fought for the five-bedroom house at 52 Gumunggwa Street, Lyons in Darwin, which sold at auction for $1.12 million. Picture: Realestate.com.au/sold
“We don’t just have local buyers now, we have investors coming into Darwin, and it’s increasing prices,” he said.
“We’ve got the cheapest properties out of the capital cities and some of the highest rents, so the yield returns are a huge attraction for investors.
“As rents continue to rise, more local buyers are getting into the market too because sometimes it’s just cheaper to buy than rent.
“We’ve got a lack of supply here, so I think prices are going to continue to rise.”
In Darwin, new property listings were down by 9.9% YoY in July, while total listings were 40.7% lower.
As housing affordability and investment uncertainty continue to challenge Australians, government business enterprises like Defence Housing Australia (DHA) offer a secure and structured alternative, but they’re often misunderstood.
Despite common myths around property types, management fees, rental returns and flexibility, DHA provides a range of investment pathways that support both the housing needs of Defence families and the goals of individual investors.
With market-aligned rents, guaranteed rental income*, comprehensive property care^ services and the option to sell mid-lease, DHA’s model offers a practical response to broader housing pressures while delivering long-term stability in a rapidly changing market.
Myth #1: You can no longer buy a property with a DHA lease
While DHA has transitioned away from its long-running Sale and Leaseback Program, the ability to invest with a DHA lease remains very much available, just in more flexible ways.
Today, investors can partner with DHA by leasing their existing investment property, building a new one in collaboration with DHA official suppliers, or purchasing a property that meets current Defence housing needs.
These opportunities are targeted in key growth areas such as Rockingham, Townsville, Brisbane, Canberra and parts of New South Wales, where demand for Defence housing continues to rise.
Rather than limiting access, the shift away from directly selling properties has allowed DHA to offer more adaptable leasing pathways that better align with both investor preferences and Defence requirements.
Myth #2: Properties must be under 10 years old
Contrary to the common belief that DHA only accepts properties less than 10 years old, the organisation takes a more flexible approach when assessing property eligibility.
Rather than imposing strict age limits, DHA prioritises the quality, condition and compliance of homes to ensure they meet Defence housing standards.
This means well-maintained older properties that satisfy the location, property type and amenity requirements can also qualify, reflecting DHA’s focus on providing suitable, comfortable homes rather than simply newer dwellings.
DHA’s Executive General Manager Property, Shane West, says DHA assesses properties on a case-by-case basis.
“We seek quality properties within 30kms of a serviced Defence base, including houses, townhouses and apartments,” West says.
The age and condition of fixtures and fittings are considered during the assessment and additional installations like security screens or climate control may be required for occupant comfort and security.
“Our leasing team can work with property owners to ensure compliance with our needs,” West says.
Well maintained homes older than 10 years may be eligible to lease to DHA. Picture: DHA
Myth #3: Service fees are too high
A common misconception is that DHA’s service fee is too high compared to traditional property management costs.
However, independent analysis conducted by Oxford Economics found that in most cases, investment property owners save money leasing their property to DHA.
In their “most likely” cost modelling scenario, investors leasing a house to DHA can save up to 12.7% per annum, while investors leasing an apartment to DHA can save up to 9.3%.
Unlike many property managers who charge extra for these services, DHA offers a comprehensive, less-stress package providing good value for investors.
“DHA’s service fee may appear higher, but it offers significant value compared to traditional property management,” West says.
“Our fixed fee includes comprehensive property care^ services and guaranteed rental income*, eliminating the worries of vacancies, tenant changes and most non-structural repairs^.”
Myth #4: DHA only looks for houses
DHA’s property portfolio has expanded beyond just houses to include townhouses and apartments.
This diversification reflects DHA’s response to changing market demands and Defence personnel’s varied housing needs.
By broadening its range of leased properties, DHA offers investors more choice catering to different budgets and preferences, while providing the security of a government-tenant with unique property care^ services and long-term leases.
“To meet the needs of Defence and cater for the changing preferences of Defence members and their families, DHA has built a diverse housing portfolio with a blend of traditional detached houses, townhouses and units,” West says.
“This diversity provides investors with more options in their investment choice, giving more flexibility in location, price and property type.”
From houses to units and townhouses – DHA is flexible with the properties they lease. Picture: DHA
According to REA Group senior economist Anne Flaherty, a key principle for long-term investment success is balancing risk across a range of assets and markets.
“Diversity and spreading your risk out around different asset types and also different locations is always a good thing when it comes to investing,” Flaherty says.
Myth #5: DHA pays less than market rent
DHA’s rental payments are based on independent market valuations to ensure rates are competitive and reflect current market conditions.
This method provides investors with fair, market-aligned rent and the security of a government business enterprise.
“DHA ensures competitive rental rates by using independent licenced valuers and basing initial rents on current market rates of similar properties in the area,” West says.
DHA also conduct periodic rent reviews with independent licensed valuers, so that investors not only receive guaranteed rent* even when the property is vacant, but that the rent is fair market value.
Myth #6: You cannot sell a property mid-lease
Contrary to popular belief, investors can sell their property during the DHA lease term, with the existing lease agreement transferring to the new owner.
DHA recognises that circumstances change, and its leasing model is designed to accommodate investor needs while maintaining housing continuity for Defence families.
“While investing with DHA should be considered a long-term investment strategy, we understand that personal investor circumstances can change and that you may need to sell your property during the term of the DHA lease agreement,” West says.
“DHA landlords can sell their property at any time, providing added confidence for investors considering their options.”
With its competitive fees, market-aligned rents and comprehensive property care^ services, Defence Housing Australia offers investors stability and security, making it a strong option for those seeking low-risk, long-term returns in the property market.
Investors should always seek appropriate independent advice before making any investment decisions with DHA.
Disclaimers:
* Rent may be subject to abatement under certain circumstances such as loss of enjoyment or amenity, or breach of lease terms. Rent is paid where the property is habitable. Should a property become uninhabitable during the term of the lease, or lessor breaches the lease terms, the rent may cease or abate and the lease may be terminated by DHA. Guaranteed rent is subject to the terms of the lease. DHA does not take into account an investor’s objectives or financial needs. Investors should always seek appropriate independent advice before making any investment decisions with DHA.
^ A comprehensive description of repairs included in our service and exclusions can be found in the Property Care Contract. For more information, please visit https://www.dha.gov.au/investing/property-care.
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png00JKentshttps://www.juliankent.com/wp-content/uploads/2025/11/logo.pngJKents2025-08-27 12:00:052025-08-27 12:00:05Debunking the myths: the truth about investing in Defence housing
This social media user tested money candles to see if they were for real, spending over $500 on a box of them, with some surprising results. Source: TikTok
From lighting money candles for cash to manifesting a Mercedes, the wildest financial trends have been exposed as experts warn of the shock impact they’re having on Aussies.
Worrying signs are emerging that at least two generations are now being severely hammered by wacky financial advice thanks to unqualified finfluencers running rampant on social media.
While older generations may slog away at boring budgets and faithfully add to savings for compound interest gains to build home loan deposits, experts warn Gens Z and Alpha could be putting their faith in supernatural and wacky social media fads – digital witchcraft that may well be the equivalent of snake oil sales tactics for coming generations.
He pulled two dollars out of one candle after digging into it, which had mixed responses from those seeing his expose on the fad. Source: TikTok
Among the 15 emerging trends raising eyebrows among financial analysts is the viral belief that you can “speak wealth into existence” using affirmations like “money is coming,” “new home is coming,” or even “I want a Mercedes.” These kinds of posts have collectively garnered over 25 million views, according to BestBrokers data.
Another popular trend involves lighting so-called “get rich money candles” with the intention of attracting financial abundance – some of these videos have received more than half a million likes.
While advocates see these practices as motivational or symbolic, some experts caution that they may contribute to what they describe as a “financial fantasyland,” potentially encouraging unrealistic expectations about wealth creation. In response, some TikTok users have started sharing their own investigations into how these candles work, aiming to help others make informed decisions about whether these trends live up to the hype.
Social media finfluencers have grown in such prominence that Australia’s peak financial services body ASIC has banded together with eight other regulators to crack down on their unqualified financial advice and taking legal action – even to the point of bankruptcy.
Gold Coast finance influencer Tyson Scholz in a file shot living large in Dubai. ASIC pursued him over giving financial advice without a relevant licence.
ASIC Commissioner Alan Kirkland said they had “joined forces to disrupt unlawful finfluencer activity” with their most recent move seeing 18 social media spruikers warned over suspicions they were unlawfully pushing high-risk financial products and unlicensed financial advice to Australians.
This comes after a major federal court decision three years ago against social media influencer Tyson Scholz aka ASX Wolf on Instagram which found he carried on a financial service business without an Australian licence to do so.
Mr Kirkland said “it’s important that consumers separate fun from fact when it comes to finfluencer content. Popularity doesn’t equal credibility. Check their credentials and whether they’re licensed or authorised, before checking your money out.”
‘ASX Wolf’ Tyson Scholz launched a Facebook fire sale in order to get funds for his court battle including this Hermann grand piano reduced from $10k to $2k. Picture: Facebook
The issues goes further than that though with BestBrokers analyst Paul Hoffman warning “in the vast, addictive scroll of social media, wisdom and misinformation often blur together”.
“For millions of young users, platforms like TikTok offer not just entertainment, but also a steady stream of life advice, much of it unsolicited, unvetted, and sometimes dangerously wrong. Nowhere is this more evident than in the world of personal finance, where catchy videos and trending hashtags often substitute for qualified guidance.”
He said in a time where cost-of-living pressures are soaring, the idea of “manifesting money” instead of budgeting for it could have long-term consequences.
“This could normalise superficial financial habits while increasing susceptibility to risky schemes” as young users experiment with “symbolic or gamified approaches to wealth, rather than traditional financial literacy”.
TikTok’s 1.59 billion active monthly users were being drawn to trends that BestBrokers believes could end up causing their savings habits harm as they hunt for quick measures rather than real financial literacy.
Among trends that it warned could be misleading were #sidehustle, #passiveincome, and #moneymanifestation which have close to 25 million views, as well as things like #forex, #passiveincome, #moneymindset, #cryptoinvesting, #debtfreejourney, #flippingforprofit, #cashstuffing, #financialindependence, #100envelopechallenge, #extremebudgeting, #creditcardhacks, #nospendchallenge, even #girlmathexplained and #paydayloans.
Tyson Scholz showed off a lavish lifestyle on socials before ASIC filed action against him to prevent him providing financial services without a licence.
Side hustle content – ranging from tips on launching low-cost businesses to unconventional methods for building up savings for housing loans from home – has attracted tens of millions of views on social media. Some videos even claim to show how to bring in tens of thousands of dollars per month, often with little upfront investment.
Posts suggesting that the wealthy don’t work have also gained traction, alongside minimalist or frugality-focused content promoting “underconsumption” and a move away from material excess.
While many viewers find these messages inspiring or aspirational, financial analysts urge caution, noting that some of this content may reflect more optimism than practicality, and could risk promoting unrealistic expectations if not critically assessed.
Mr Kirkland warned social media users that for specific financial products, ASIC was “seeing a pattern where these unlicensed finfluencers invite consumers to join their closed communities or forums to learn their secrets to success or copy their trades”.
He said if a finfluencer was not licensed, an authorised representative or exempt, they were not legally permitted to carry on a business of providing investment advice in Australia.
“If you spruik or discuss financial products and services online, you need to carefully consider how the law applies to you and seek legal advice if you are unsure.”
Unlicensed activity can be reported to ASIC on its “how to report misconduct” web page or by calling 1300 300 630.
Top finfluencer trends of 2025:
Trend | Views of top videos | Trend hashtag
Side Hustle 10,300,000 #SideHustle
Forex Investing 5,000,000 #forex
Passive Income 8,900,000 #passiveincome
Money Manifestation 5,800,000 #moneymindset
Crypto Investing 446,700 #cryptoinvesting
Debt-free journey 3,400,000 #debtfreejourney
Flipping Stuff for Quick Cash 366,100 #cashstuffing
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png00JKentshttps://www.juliankent.com/wp-content/uploads/2025/11/logo.pngJKents2025-08-27 12:00:052025-08-27 12:00:05Shock fallout of social media money trends
Sophie Turner has confessed that she never wants to move back to the US after relocating to the UK following her bitter split from Joe Jonas.
The Game of Thrones star moved back to London in 2023 after the end of her four-year marriage to the Jonas brother.
At the time of their break-up, Turner and Jonas listed their New York City condo for $US6 million ($A9.2 million), Realtor reports.
Speaking to Flaunt, the 29-year-old actress said she couldn’t be happier to restart life in her native England, admitting she never wants to leave again.
“I just feel so at home here; I never want to move again,” she told the outlet.
“Living in the States, I didn’t appreciate how much you need friends and family and how integral they are to your wellness until you’re away from them.
“I came back with an abundance of appreciation for them.”
Sophie Turner has confessed that she never wants to move back to the US after relocating to the UK following her bitter split from Joe Jonas. Picture: Amy Sussman/Getty Images
The X-Men alum noted becoming a mum to Willa, 5, and Delphine, 3, had a positive impact on her career.
“Being a mother has affected me more than I can ever say,” Turner told the outlet.
“I can now bring so much of that into my work and into this film too.”
Turner and Jonas finalised their divorce in September, one year after they announced their split.
The former couple reached an agreement through moderated negotiations about spousal support, splitting their assets and custody of their two children.
Judge Gina Beovides declared the marriage was “irretrievably broken” and that their agreement was in the best interest of their children.
The Miami-Dade County judge approved the agreement in September, 2024.
Turner and Jonas finalised their divorce in September, one year after they announced their split. Picture: Amy Sussman/Getty Images
Jonas and Turner met in 2016 after the Cake by the Ocean hit maker reached out to the actress via an Instagram DM.
They got engaged just a year later and said “I do” during an impromptu Vegas wedding in 2019.
The romance came to an end in September 2023 when Jonas filed for divorce in a Florida court.
“After four wonderful years of marriage, we have mutually decided to amicably end our marriage,” they shared in a statement at the time.
“There are many speculative narratives as to why, but truly this is a united decision, and we sincerely hope that everyone can respect our wishes for privacy for us and our children.”
Following the divorce announcement, Turner sued Jonas in a New York court over the custody of their children, claiming that she learned of the split “through their media”.
Turner then accused Jonas of “the wrongful retention” of their daughters for numerous days.
She said Jonas’ lawyer, Thomas J. Sasser, noted that he wouldn’t hand over his children’s passports or “consent for the children to return home to England”.
Turner sought help from friend Taylor Swift, who allowed the actress to stay in her Tribeca apartment during the rough patch.
Turner recalled being portrayed as a bad mum in the tabloids, while Jonas was praised as an attentive father to their daughters.
She revealed to British Vogue: “Those were the worst few days of my life.”
“I remember I was on set. I was contracted to be on set for another two weeks, so I couldn’t leave,” she said.
“My kids were in the States and I couldn’t get to them because I had to finish Joan. And all these articles started coming out.
“It hurt because I really do completely torture myself over every move I make as a mother — mum guilt is so real.
“I just kept having to say to myself, ‘None of this is true. You are a good mum and you’ve never been a partier’,” she said.
According to reports, Jonas and Turner’s marriage came to an end “very suddenly” following “an argument” on the singer’s 34th birthday.
Turner then sought out help from none other than Taylor Swift, who allowed the actress to stay in her Tribeca apartment during the rough patch.
Turner told British Vogue that Swift gave her an invaluable gift in her time of need: “A home and a safe space.”
Swift “really has a heart of gold,” she added.
Parts of this story first appeared in Realtor and was republished with permission.
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png00JKentshttps://www.juliankent.com/wp-content/uploads/2025/11/logo.pngJKents2025-08-27 12:00:052025-08-27 12:00:05Why Game of Thrones star Sophie Turner never wants to live in US again
New details have emerged over a bitter legal battle between Katy Perry and a dying war veteran who claims he was forced to surrender his home to her.
The pop singer’s ex-fiance, Orlando Bloom, has been identified as the real owner of the $US15 million ($A22 million) California mansion that has been at the centre of a five-year fight, Realtor reports.
According to courtroom testimony, Perry’s longtime business manager, Bernie Gudvi, revealed it was Bloom, 48, who had purchased the mansion from plaintiff Carl Westcott through a limited liability company named after the former celebrity couple’s young daughter.
“I believe Mr. Bloom bought the house through some controlled entity,” Gudvi said while being cross-examined by plaintiff’s lawyer Andrew Thomas.
When pressed by Mr Thomas if it was his understanding that it was Bloom who secured the Montecito property in May 2024, Mr Gudvi replied: “That’s correct.”
Katy Perry’s ex-fiance, Orlando Bloom, has been identified as the real owner of the $US15 million California mansion
A document filed with the California Office of the Secretary of State, dated May 10, 2024, indicates that Bloom and two of his business managers formed a limited liability company. Notably, Perry’s name is absent from the letter.
That same month, the deed of the Montecito estate was transferred to the LLC.
Then in August 2024, the LLC took out a loan against the house from City National Bank in the amount of $US4.95 million ($A7.6 million).
During cross-examination, the plaintiff’s lawyer zeroed in on the issue of the property’s legal ownership.
Using Perry’s birth name, Katheryn Hudson, Mr Thomas asked Mr Gudvi: “So Ms Hudson has no interest whatever in the house, since the date it was purchased on May 17, 2024?”
“I can’t say that. I don’t know,” replied Mr Gudvi. “I mean, shared legal interest, I don’t think so.”
Perry and Bloom split up in July after nine years together. Just weeks later, the pop star was spotted enjoying a lavish dinner with former Canadian Prime Minister Justin Trudeau.
Perry, 40, is scheduled to take the stand in Los Angeles County Superior Court on Tuesday, which coincides with her daughter’s 5th birthday.
Her upcoming testimony was the subject of some heated back and forth last week, after defence lawyer Alex Lindhart asked that the Dark Horse hit maker be allowed to take the stand “out of order” on the first day of the trial, arguing that it was the only day she was available amid her international tour.
Bloom purchased the mansion from Carl Westcott through a limited liability company. Picture: Realtor.com via Natasha Lee
Judge Joseph Lipner lashed out at Perry’s team, calling the request “really outrageous” and arguing that it was putting Mr Westcott at a strategic disadvantage.
“It doesn’t reflect well on Ms. Hudson,” Judge Lipner said, using Perry’s legal surname. “It’s not nice. It’s not right.”
Instead of taking the stand on Thursday, Perry took a break from her Lifetimes Tour and was photographed soaking up the sun on a Miami Beach in a black-and-white bikini. She performed a show at Miami’s Kaseya Center on Saturday.
Mr Westcott’s lawyers have repeatedly asked the judge to call Bloom to the stand as well, but so far their pleas have been rejected.
Following Thursday’s revelations concerning the ownership of the Montecito property, Mr Thomas, the plaintiff’s lawyer, accused the other side of “strategizing” to keep the home’s real owner — Bloom — from being questioned in open court.
But Judge Lipner was not impressed by that argument, retorting: “I’m not terribly moved even with this fact to allow Mr. Bloom to testify.”
An ailing and bedridden Carl Westcott, 85, is fighting Perry’s claim for back rent and alleged damages Picture: Kameron Westcott/Facebook
The twisty legal saga involving Perry and Mr Westcott, the ailing 85-year-old founder of 1-800 Flowers, dates back to 2020, when the Firework songstress entered into contract with the veteran to purchase his Montecito home for $US15 million ($A22 million).
The estate nestled in the Santa Ynez foothills features eight bedrooms, 7.5 bathrooms, a tennis court, two guesthouses, and a pool.
Mr Westcott had reportedly purchased the home for a little over $US11 million ($A17 million) just two months before agreeing to sell it to Perry.
But a few days after making the deal, Mr Westcott, who suffers from a brain disorder, reneged on the agreement.
He blamed his mental capacity, claiming he was not in his right mind and under the influence of pain medication after undoing a recent surgery when he made the decision to sell.
“The combination of his age, frailty from his back condition and recent surgery, and the opiates he was taking several times a day rendered Mr Westcott of unsound mind,” Mr Westcott’s lawyers claimed in court filings.
However, Perry’s team argued that Westcott had been of sound mind when he consented to the real estate transaction, and that he backed out only because he could not find another property to buy for himself.
Chris Pratt is understood to be renting Perry’s Montecito home with his wife, Katherine Schwarzenneger. Picture: Getty
After years of legal wrangling, Judge Lipner in 2023 sided with Perry and ruled that the origin sale contract handled by manager Mr Gudvi on her behalf should be upheld.
It was previously reported that Perry formally took possession of the mansion in May 2024, but according to the bombshell courtroom revelation, it was actually Bloom who acquired the property through an LLC.
Perry then countersued Mr Westcott, claiming damages and lost rental income.
The move prompted Mr Westcott’s family to label the A-lister “entitled” and having “zero empathy.”
Perry so far has paid $US9 million ($A13.7 million) for the home and wants $US6 million ($A9.1 million) knocked off the $US15 million ($A23 million) sale price, citing damage to the property that required extensive repairs, including a fallen tree and the after-effects of flooding.
Chris Pratt, who is understood to be renting Perry’s Montecito home with his wife, Katherine Schwarzenneger.
The actor has been named as a potential witness in the case by Westcott’s legal team.
The lawyers asked Judge Lipman to allow them to question The Guardians of the Galaxy star, 46, about the condition of the home when he first moved in, according to Fox News.
Parts of this story first appeared in Realtor and was republished with permission.
The multimillion-dollar sale of a tightly-held Magill home has raised the bar for its popular eastern suburb.
The six-bedroom residence on a 1486sqm block at 18 Lorne Ave was snapped up for $3.682m under the hammer, making it the highest price paid for a single house in Magill.
Property records show the suburb’s previous record-holder was the home at 11A Winchester Ave, which changed hands for $3.505m in December 2010.
The Magill home at 18 Lorne Ave has sold for $3.682m, making it the suburb’s highest house sale.
It has been owned by the same family for generations.
Selling agent Vincent Doran, of Crawford Doran, said the property, which had been owned by the same family for generations, attracted more than 40 registered bidders to its auction.
“It’s pretty amazing,” he said.
“It’s a sign that the market’s not going to slow down.
“The majority of interest was from developers, there were some people looking to build one to two houses on the property too though.
“I believe the buyer’s intentions are to develop the block.”
Mr Doran said larger blocks like this one were getting harder to find in the suburb, with many being flattened to make way for multiple, newer homes following their sale.
He said this property was one of the biggest blocks to hit the market in the area over the past roughly two years.
The sale comes after a luxury Mount Gambier property set a new residential sales record for Mount Gambier.
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280 Moore Park Rd, Paddington sold for $10m, a new street record, sources advise.
A famous fishmonger family has sold their 1880s terrace for a record price in Paddington.
The five-bedroom residence at 280 Moore Park Rd sold for $10m, sources advise.
The sales agent, Maclay Longhurst of Sotheby’s couldn’t discuss the sale price due to a non-disclosure agreement, though he did confirm it was a street record.
It beats the previous record of $9.75m, which Longhurst set earlier in the year for 302 Moore Park Rd, owned by Mirvac CEO and managing director Campbell Hanan.
This latest sale was the home of Kngsley Lucas and his wife, Elissa, who bought the double storey residence on a large 377sqm block for $1.85m in 2002.
They did a renovation and extension in eight years ago, adding a studio above a triple garage.
Four generations of Lucases have been in the fishmongering business since 1956, including Kingsley’s grandfather, father, himself and now his three kids who have recently opened a seafood shop in Bondi.
The heated pool is an added bonus.
Longhurst wouldn’t discuss the buyer, who snapped up the home pre-auction.
Among its assets are the rare large level block of land with huge rooms, soaring ceilings and sunny north rear aspect.
It’s ultra spacious, blends traditional and contemporary architecture on a dual-access block with a 9m frontage and heated pool.
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png00JKentshttps://www.juliankent.com/wp-content/uploads/2025/11/logo.pngJKents2025-08-27 12:00:052025-08-27 12:00:05Fishmonger family sells grand 1880s terrace for record price
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