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Vic top sale: Lorne clifftop home sells for $4.2m

This towering 1970s Lorne home has sat untouched for nearly 20 years, now it’s sold for $4.2m.

A long-forgotten clifftop in Lorne has trumped Toorak and Brighton, selling for $4.2m to become Victoria’s biggest weekend auction result.

The five-bedroom, four-bathroom property at 135 Smith St had sat virtually untouched for nearly 20 years before a young Melbourne family swooped, turning the 1970s-built house into their permanent home.

Spread across three titles on an 803sq m block, the three-level residence was originally built after the sellers secured land off a heritage estate below.
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Its terraces and upper balconies capture sweeping views across Louttit Bay, offering a vantage point no longer possible under today’s planning regulations.

Barnett Real Estate Geelong director Jason Barnett, who managed the campaign for State Trustees, said inspections were limited but serious.

“We ended up with four bidders and two fought it out very hard right to the finish,” Mr Barnett said.

“The house is unique, even by Lorne standards. Neighbours say it hasn’t been touched in almost 20 years.

The original timber kitchen remains intact, offering scope for renovation while capturing leafy views.

Multiple living areas stretch across three levels, providing flexible family and guest accommodation.

“You simply couldn’t build it again today, which makes those views irreplaceable.”

The buyers from Melbourne – a couple with a baby – already owned nearby but wanted to make the coastal town their full-time base.
“It’s a proper sea change for them,” he said.

While the interiors remain in largely original condition, the block’s size and elevation made it highly contested.

An original 1970s bathroom with arched window and double vanity, ready for a stylish modern update.

The separate dining zone connects directly to arched balconies, blending indoor and outdoor entertaining.

A neighbouring home sold earlier this year for $4m after a full renovation, underlining the value placed on clifftop holdings.

Mr Barnett, a long-time panel agent for State Trustees, said his role was to drive competition under strict reserve settings.
“They set the parameters, and it’s our job to generate interest and achieve the best result,” he said.

The Barnett Real Estate Geelong director added the sale was a sign confidence had returned to the market.

A second lounge with brick fireplace and timber ceilings adds to the home’s retro charm.

Wide wraparound terraces maximise outdoor space, making the property a true clifftop sanctuary.

“Over the past three months I’ve seen buyers become active again, making decisions, and that’s what drives results like this,” he said.

The $4.2m result eclipsed million-dollar-plus auctions in Doncaster in Melbourne’s east and inner Melbourne, reinforcing Lorne’s place among Victoria’s most exclusive and tightly held coastal areas.


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 Vic top sale: Lorne clifftop home sells for $4.2m appeared first on realestate.com.au.

September 21, 2025/0 Comments/by JKents
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The Block 2025 Episode 33 recap: Three teams fail to finish in bruising week

Kumbaya is restored, I repeat, kumbaya is restored.

After a swerve into mild drama involving shopping trip standups, budget suspicions, stolen logs and some light copying, The Block 2025 has reverted to its default setting of reasonably nice people behaving reasonably nicely to one another.

It doesn’t start out that way in this episode though.

After neglecting their guest bedrooms and ensuite at the start of the week in favour of trying to impress 100 prospective buyers to win $50,000, three teams are in absolute struggle town trying to get them finished.

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Britt and Taz are devastated at their guest room failure.

At the absolute bottom of the pack are Britt and Taz, who barely have plaster on their walls, let alone waterproofing, as this episode begins.

Having been refused when they asked Alicia if she would let her tilers provide some magic quick drying waterproofing material the day before, Taz had managed to source some himself, but it was two hours away in Melbourne and they never really caught up.

To make matters worse, their tilers had never used the product, and their work failed to pass inspection, twice.

Before Alicia had arrived on site this morning, Britt and Taz’s tiler had again asked her tilers – the legendary Cursio brothers – for help and advice. When Alicia finds out it looks like she’s once again going on the warpath, but in the 30 seconds between telling a producer she was going to keep playing hardball, and arriving in her house, she’s changed her mind.

“Do whatever you have to do for them,” she tells the brothers, whose natural inclination to help anyone in need had been stymied by Alicia the day before.

“We decided we are more mature; we are the older people. We are the ones who can nip this in the bud. We can continue on like this or we can make the first move,” Sonny later told a producer.

Britt and Taz immediately walked over to their former best mates’ place to say thank you in person and it was hugs, then tears all round.

Praise the Lord, because it felt like we were one step away from a Netflix true crime documentary on the failed trip to Kmart.

Britt and Taz make up with Sonny and Alicia.

The relief Britt and Taz feel about their restored friendship with Sonny and Alicia isn’t enough to drag them fully out of their hole though.

Not even the Cursio brothers can fix their mess, and it becomes clear they won’t be finishing their guest ensuite this week.

Taz can barely choke any words out during a producer interview, he’s so upset.

“I felt like I was letting people down all day. Anything I did just didn’t seem to helping. We let ourselves down, let our guys down as well,” he said.

“Then I started thinking about our kids and letting them down.”

It probably wasn’t much consolation, but Britt and Taz were very much not alone.

Mat and Robby’s tiler headed off to play footy on Saturday, but assured them he’d be back to finish their bathroom straight after the game. And that was the last they saw of him.

“They’ve left us high and dry,” Mat said. “If we knew hours ago we could have organised something but now because of the time it’s too late.”

Taz is gutted to have not finished their room.

To round out the horror week, Han and Can won’t be finishing their bathroom either.

“We shouldn’t be in week eight not finishing,” Han says.

“I’m embarrassed and just don’t want to face the feedback,” Can says, with a little extra salt being rubbed into the wound by the fact judgement day is also her birthday.

With Sonny and Alicia and Ben and Emma the only teams to finish this week, the stage is set for some eviscerating judge feedback… that doesn’t come.

First up is Ben and Emma’s guest suite with galley-style kitchenette with green gloss square tiles and open shelving leading to a cosy bedroom with thick drapes, sage occasional chairs and velour bedhead.

Then it’s into the bathroom with another curved tile wall.

Ben and Emma’s guest suite bathroom is “a little gem”.

Darren Palmer declares “it’s just like a little gem” while Shaynna Blaze calls it a “boutique hotel suite”. Marty Fox says the kitchenette will immediately add value to the house.

The judges even overlook the execution issues which include a glass shower screen not being the right height and some slapdash cutting in.

“It’s so close to perfect, it’s perfect,” Shaynna says as they all agree the degree of difficulty this week with the inspection challenge coupled with the delivery of a bathroom plus bedroom deserves some more generous scoring.

Ben and Emma’s winning guest suite.

Han and Can don’t have a kitchenette, which Marty says will cost them on auction day, but the judges all love their trademark curved bed niche and their bold brown and burgundy colour scheme, as well as a TV hidden behind a curtain.

Shaynna seems inordinately offended by the presence of a small study nook in a guest suite for some reason, even though Darren points out plenty of people still have to join online meetings when they’re away.

Han and Can’s guest suite has trademark curves and trademark unfinished bathroom.

Marty suggests the nook would be better repurposed with a mini-fridge and bar set up.

Then it’s into the unfinished bathroom, where the judges love the red fluted resin vanity basin and the layout. Then it’s time for Shaynna to be horrified again, this time by a red towel.

Britt and Taz’s room comes under some criticism for the rustic-looking wall panelling that takes up half of every wall in the bedroom and hallway, though they do score points for including a kitchenette complete with fridge, toaster, microwave and fluted cabinet doors.

The judges also love their oversized bedside tables but ping them for their less than generous wardrobes.

The judges loved the oversized bedside tables in Britt and Taz’s room, but not the rustic wood panelling.

The unfinished bathroom also gets a big tick for its layout.

“If this was finished this would have been a contender, you can feel it,” Shaynna says.

Sonny and Alicia win kudos for theie unique wallpaper, designed by Alicia.

“I am blown away. It’s something I would buy as a designer,” Shaynna says.

Sonny and Alicia’s room featured wallpaper designed by Alicia, and one of this week’s only two finished bathrooms.

Their colour-drenched eggplant tones all get the tick, along with their walk-in robe and their bathroom with double basins, walnut vanity and beige tiles.

The only criticism comes from the fact they have exposed glass-front drawers meaning unless the occupant has a violent neat streak, they’ll be seeing their bunched up undies from the bed.

Mat and Robby’s room featured a handpainted wall feature.

Mat and Robby don’t have a kitchenette, but they do have a handpainted wall, grass cloth wallpaper and sage occasional chairs.

The judges like it but think it’s lacking amenity compared to some of the others.

“It’s lacking that suite element It’s a great bedroom, but if I had this square acreage I’d be fitting in a bar,” Marty noted.

Then it was on to the judging and after weeks of being also-rans Ben and Emma finally have a room win, including two perfect 10s (from Shaynna and Darren).

That means that on top of winning the $50,000 prize for being the favourite house of the prospective buyers, plus the $10,000 room win, they’ve also won $20,000 for their 10s.

FINAL SCORES

Emma and Ben 29.5

Sonny and Alicia 28.5

Han and Can 24

Robby and Mat 20.5

Britt and Taz 19

MISSED AN EPISODE? HERE’S ALL OUR RECAPS SO FAR

Episode 1: Why no NSW applicants were good enough for The Block

Episode 2: The worst day on The Block

Episode 3/4: ‘Tear them off’: teams forced to rip tiles from walls

Episode 5: Judges feedback leaves one contestant vomiting

Episode 6: Dan and Dani’s heartbreak

Episode 7: The big problem with the Block house designs

Episode 8: Robby and Mat’s drunken blunder

Episode 9: ‘An up-market nursing home’

Episode 10: Can faces the wrath of Han

Episode 11: Han micromanaging from her sick bed

Episode 12: Sonny cops a spray from Alicia

Episode 13: Brutal feedback leaves Block team confused

Episode 14: Han and Can are in trouble with Dan, and other contestants

Episode 15: Han explodes at Dan in shocking tirade

Episode 16: Defiant Han gets epic dressing down from Scott Cam

Episode 17: Two teams are smashed by hyperbolic judges

Episode 18: Two teams start the week devastated by judges’ feedback

Episode 19: Copying scandal erupts as Alicia and Sonny point the finger

Episode 20: Ben and Emma drop good news into tense Block week

Episode 21: Ben and Emma and Sonny and Alicia cop the wrath of the judges

Episode 22: As Sonny and Alicia despair, Mat summons his inner Mean Boy

Episode 23: Han and Can all but quit the spa room challenge

Episode 24: Ben and Emma finally crack after yet another loss

Episode 25: Britt and Taz make a major blunder

Episode 26: The girls fire their builder

Episode 27: Ben and Emma hatch a sneaky plan

Episode 28: Britt’s decision to freeze out her former bestie has Alicia on the warpath

Episode 29: ‘Basic’, ‘no heart’, ‘not elegant’ – judges pan some teams’ kitchens

Episode 30: Block stars ugly showdown

Episode 31: Greed and cheating accusations at body corp meeting

Episode 32: Team unleashes on ‘dog act’

The post The Block 2025 Episode 33 recap: Three teams fail to finish in bruising week appeared first on realestate.com.au.

September 21, 2025/0 Comments/by JKents
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Lenders getting a jump on higher 2026 conforming loan limits

UWM and Pennymac are pricing jumbo mortgages of up to $819,000 as if they were conforming, ahead of an official announcement by Fannie and Freddie’s federal regulator in November.

September 21, 2025/0 Comments/by JKents
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Tiny homes: the big idea to help ease SA’s housing crisis

After several years of searching and now an Adelaide musician believes he has found a solution to help ease South Australia’s housing crisis.

Jim Paterson, 63, of the band The Borderers, has recently purchased a tiny home for less than $30,000 from interstate after failing to find an affordable option in SA.

Living in it while he and his wife Alex rent out their own Ridleyton home as Airbnb accommodation, Mr Paterson said the housing form could be a viable option for those looking for an affordable rental, or for parents looking to give their children some independence, albeit in the backyard.

“There are people sleeping in their cars, and my daughter can’t afford to get her first home, so I started looking into affordable options and checked out tiny homes both here and in Queensland, but some cost up to $150,000,” Mr Paterson said.

Tiny homes the way of the future

Jim Paterson of The Borderers, is a staunch advocate for the idea of tiny homes. Picture: Dean Martin

Tiny homes the way of the future

They’re roomier than you might expect! Picture: Dean Martin

“But an affordable one – if they’re $30,000 like mine, or even say $50,000 – that would be quite a small mortgage and allow them to get into the market and have a place that’s theirs.

“And these places aren’t that tiny, mine has 2.4m ceilings, a separate bathroom and shower, a main living room with a kitchen, and a sofa bed, so by day it’s a lounge and by night it’s a bed.

“For people who can’t afford a home, or can’t even afford a rental – at this pricepoint, it would create an opportunity and give them a chance they might not otherwise have.”

Tiny homes the way of the future

Jim loves his cosy abode. Picture: Dean Martin

Tiny homes the way of the future

The home even has a bathroom with a shower and toilet. Picture: Dean Martin

Mr Paterson, who sourced his tiny home from Tiny Homes 4 U, which also makes two-bedroom versions, said his home measures 6m x 2.2m and was easily craned into his backyard.

“People all around the world are living in places this size – for a lot of people it just makes sense,” he said.

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Real Estate Institute of South Australia legislation and industry adviser Paul Edwards said tiny homes could be a great addition to the housing stock, but said landlords and tenants should clearly understand their rights and responsibilities before committing.

“Provided the floor-to-ceiling height meets the minimum requirements under the building act, and each habitable room is adequately lit and ventilated, if it fits and it’s habitable then go for it,” he said.

Paul Edwards, Real Estate Institute of South Australia. Supplied.

“Provided the landlord doesn’t interfere with the tenant’s quiet enjoyment of the property, and if the tenant can be given privacy and access, then anything that can help ease the current housing crisis is helpful.”

The post Tiny homes: the big idea to help ease SA’s housing crisis appeared first on realestate.com.au.

September 21, 2025/0 Comments/by JKents
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$450k+: Inside Cornelian Bay’s most impressive boatshed

Boatshed 36 at Cornelian Bay in New Town. Picture: Supplied

The most dazzling boatshed in Cornelian Bay could be yours today.

No.36 was built in 1948, is the largest of this coveted group of sheds, and it offers an uncommon level of luxury.

It is far more than a place to store a dinghy and some fishing rods.

No.36 features a bathtub with a view of the bay, a kitchen, a timber deck extending over the water, and a cosy wood fire.

Peterswald property representative Lucinda Scutt said the boatshed had hit the ground running with inquiries coming in immediately.

“Within the first 24 hours there were five inquiries, including people who booked private inspections,” Mrs Scutt said.

“With it being located at the end closest to the park and restaurant, its full renovation and how pretty it looks, No.36 was always going to be popular.

“It’s a no-brainer for people; they have jumped at the chance to see it straight away.”

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Boatshed 36.

Boatshed 36.

Boatshed 36.

Mrs Scutt said Peterswald had sold No.36 about 18 months ago.

It fetched $450,000.

“We have been in touch with people who missed out during the previous campaign. Some are keen to come and have a look at it again,” she said.

“These boatsheds are the ultimate retreat and so unique to the area.

“The owner of No.36 uses it as an art studio. It’s a great spot for her to paint and for her grandchildren to spend a summer’s day hanging out and kayaking.

“It has been a while since a Cornelian Bay boatshed was sold. They don’t change hands all that often.”

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Boatshed 36.

Boatshed 36.

Boatshed 36.

Per realestate.com.au, Boatshed No.1A was sold in June 2024. The next most recent sale was No.36 in December 2023. No.11 also sold in 2023.

There was one boatshed sold in 2021 and two changed hands in 2020.

No.36’s 67sq m interior provides flexible space suitable for various uses including relaxation, creative work or entertaining. The space is welcoming and practical.

Generous proportions provide flexibility for hosting friends, celebrating milestones, or quietly immersing yourself in creative pursuits.

The property has a composting toilet system.

Boatshed 36.

Boatshed 36.


Cornelian Bay adds to the appeal, with the popular Boathouse Restaurant, a dedicated dog-walking area, children’s playground with barbecue facilities, sports fields, walking trails, and a path into the city alongside a cycleway.

No.36 holds freehold ownership of the building and a Crown lease for the water it occupies up to the high-water mark.

All of these boatsheds are for recreational use only, meaning owners cannot live there.

No.36 Boatshed in Cornelian Bay, New Town is listed for sale with Peterswald. It is priced at $450,000-plus.

The post $450k+: Inside Cornelian Bay’s most impressive boatshed appeared first on realestate.com.au.

September 21, 2025/0 Comments/by JKents
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Inside Australia’s craziest castle homes

A man’s home is his castle, just ask Darryl Kerrigan.

Around the country, Aussie homeowners have taken the saying to new heights, ditching the standard home for properties that are truly traditional — medieval castles.

With drawbridges for driveways and turrets over terraces, these eye-catching homes are straight from the set of Game of Thrones.

Versace Castle, Nippards Track, Woorarra West - for herald sun real estate

Versace Castle, Nippards Track, Woorarra West, Victoria.

Versace Castle on Nippards Track in Woorarra West, Victoria, is the life’s work of Italian-Australian Fabio Versace.

The castle stands mightily atop a 68 acre block in Victoria’s south.

Swords, banners and a custom suit of armour — all handcrafted by Mr Versace — are among the home’s fantasy features. Even the arched window panes and embellished doorways were his creation.

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Versace Castle, Nippards Track, Woorarra West - for herald sun real estate

Watch out for the knight in shining armour on your way through the hall.

Versace Castle, Nippards Track, Woorarra West - for herald sun real estate

The dining room is the ideal setting for a royal feast.

His wife, Louise Martin-Versace said the project took over 20 years to build.

“It’s been a labour of love,” she said.

“There was a drawing that he did when he was five years old of a castle.”

“I said, ‘Let’s make it happen’.”

The details of the home have been meticulously crafted by Mr Versace.

Ms Martin-Versace said their grandchildren used to love visiting the castle.

“When they were smaller they would tell everyone ‘my nonna owns a castle’,” she said.

“They would sit in the big king’s chair and get a photo holding a goblet.”

Fabio Versace, owner of Versace Castle near Foster - for herald sun real estate

The property is a lifelong dream achieved for owner Fabio Versace, pictured in his custom armour.

The couple are selling the home and looking to downsize as Mr Versace suffers from Multiple System Atrophy (MSA), a rare neurodegenerative disorder.

The property is listed for $1.15-1.25m.

MORE: The Aus celebrities losing big in real estate

Leumeah Castle, Leumeah, NSW.

In Sydney’s southwest, Leumeah Castle is something of a local landmark.

The extraordinary medieval-style home in the city’s southwest is complete with turrets, arrowslits, a moat and knightly decor throughout.

While the owners were previously testing the water — of the market, not their moat — they have recently bolstered their attempt to sell with a new real estate agent and new renovations.

There is a $1.5m guidance for the medieval manor.

It may be the best lounge room in the country to watch The Crown in.

The home’s moat provides extra defence in the event of a siege.

RE/MAX Prestige agent Devak Arutla said most interested buyers saw the property as an investment opportunity, particularly as an Airbnb.

“With the new airport coming next year … it’s going to be a good tourist spot,” he said.

According to Mr Arutla, the castle was also attracting interest as a retirement home.

“Living like this, in a castle, will be a good memory for the grandkids.”

Mr Arutla said there have been several owner-occupier inquiries as well.

MORE: Landmark home comes with surprising feature

SUNDAY TELE REAL ESTATE - WHACKY HOMES

Owners Sonita and Gopal Ganda pictured in 2014 after purchasing the home. Picture: Jeremy Piper.

The sellers, Gopal and Sonita Ganda, bought the property for $480,000 in 2014.

The couple are regular attendees at medieval themed events, and even arrived at the open inspection in medieval garbs.

Leumeah Castle was originally built by Ron and Joan Farmer, an English couple, in the 1970s.

It took 10 years for them to build the three-bedroom, two-bathroom home.

MORE: Shocking reason Aussies are denied home loans

17 Forsythia Dr, Tamborine Mountain, QLD.

Seventeen Forsythia Dr, Tambourine Mountain captured the imagination of Queenslanders this past week, being the most viewed property of the week on realestate.com.au.

Tucked away in Tamborine Mount, west of Gold Coast, the home includes a cobblestone tower that adds a splash of medieval influence.

It was built by its long-time owner and sits on a private block right next to Tamborine Mountain’s Botanical Gardens.

The agent said the inside could use some renovating.

Selling agent Louis Bartle, principal of Bartle Real Estate said 60 groups came through the property during the first open home.

“Buyers were a mix of people wanting to renovate the property and live in it themselves and others looking for an opportunity to get into the market,” he said.

According to Mr Bartle, renovation would likely be needed for the castle’s interior.

“It’s quite charming from the outside and there is a lot of craftsmanship that has gone into it, but internally it’s tired,” he said.

The home’s value is estimated by property.com.au to be $946,000.

MORE: Shock figures today confirm next RBA call

The home is surrounded by nature, being adjacent to Tamborine Mountain Botanical Gardens.

The post Inside Australia’s craziest castle homes appeared first on realestate.com.au.

September 21, 2025/0 Comments/by JKents
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The $100k barbecue: Aussie backyard boom pays big

Homeowners are upgrading their al fresco spaces for big returns

Aussie homeowners are firing up a backyard boom, with alfresco upgrades delivering sizzling six-figure gains in the property market.

Outdoor kitchens, decks and patios are topping buyer wish lists, as demand grows for homes that blur the line between indoors and out.

Industry experts say the trend is reshaping priorities, with new research revealing alfresco areas can add $100,000 or more to a property’s value.

In turn, homeowners were spending 27 per cent more on outdoor living zones compared to last year, the data by Grandview Research found.

Arches and breeze blocks bring Palm Springs style to this outdoor space

Real estate agent John Cassimatis, of Belle Property Coorparoo, said an outdoor kitchen alone could deliver a staggering 100 to 200 per cent return on investment, depending on location, quality, and layout.

“In this market, a well-designed outdoor kitchen can boost buyer interest far more than a dated interior reno,” Mr Cassimatis said.

“It’s often cheaper than a full renovation and adds serious lifestyle appeal that translates to better open home traffic and offers, especially in Brisbane, where indoor-outdoor living is such a drawcard.”

Backyard barbies given a sleek contemporary makeover

Cannon Hill homeowners Luis and Mariana Perez invested in a spacious covered alfresco area with custom cabinetry and top-of-the-line inclusions like an integrated barbecue, drinks fridge and speakers, to capitalise on the property’s location by Minnippi Golf Course.

“We made the ceiling of the alfresco area as high as possible to bring that beautiful golf course aspect in, and with inbuilt speakers inside as well as outside, we have created a dual entertaining zone,” Mr Perez said.

Sunday Real Estate

Luis and Mariana Perez raise a toast to outdoor living done right. Pic: Lyndon Mechielsen/Courier Mail

Including a pool with glass fencing to ensure uninterrupted views, the outdoor living zone cost more than $60,000 — an investment the couple is certain will pay off.

“The house itself is beautiful, but the outdoor area gives it something extra. There is nothing better than opening those doors in the morning to a beautiful breeze, enjoying that interaction with the golf course and the sounds of the kookaburras.”

The modern farmhouse-inspired home is for sale at Cannon Hill

Dine or relax with golf course views

Their newly built modern farmhouse-inspired home at 66 Sutton Place is for sale with Place agent, Meagan Muir.

Ms Muir said a great outdoor entertaining zone could be the difference between a luxury home being snapped up for a premium price, or sitting on the market.

“Entertaining from home has become such a big thing, and that is why you are starting to see these luxury homes hit another level with people opting for incredible outdoor spaces,” Ms Muir said.

“In Queensland, where the warmer climate allows for outdoor entertaining for nine months of the year, being able to have family and friends at your place for seasonal celebrations is a massive bonus.”

Cocktails served by the pool

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While a pool was a non-negotiable for many buyers, they were also paying top dollar for a seamless flow to outdoors, with integrated bars a growing trend and a view always a winner, she said.

Australian Outdoor Living’s Queensland general manager Jonathon Brown said while an outdoor kitchen could add around $20,000 to $30,000 to a property’s value, a full set-up with a pergola, decks and blinds could boost value by $100,000 or more.

“While previously, an outdoor kitchen was viewed as a humble barbecue, people are now opting for plumbed gas, integrated hot plates, pizza ovens, bar fridges, and even smart lighting,” Mr Brown said.

“Blending function, luxury, and year-round usability, outdoor kitchens are now viewed not just as lifestyle luxuries, but as serious value-adds in a tightening property market.”

A wood-burning fireplace completes the outdoor kitchen at this South Yarra estate

He also noted an uptick in demand for decks, pergolas, and privacy features, as well as sustainable and tech-savvy options, including solar lighting, automated shade, and app-controlled heating features.

Nationally, the company had experienced a 28 per cent jump in outdoor kitchen sales in the past year, with the category now making up close to 15 per cent of its turnover.

Manufacturing had been bumped up to meet a forecast surge of 43 per cent by next year, according to chief executive Chris Taylor.

Grandview Research tipped Australia’s outdoor living structure market to hit revenue of US$71.7m by 2030, up from US$46.7m in 2024, while homeowners were spending 27 per cent more on alfresco upgrades, decks and garden rooms compared to last year.

Spend all summer here

Properties currently on the market showcasing impressive alfresco offerings include a South Yarra (Vic) estate with a wood-burning fireplace warming the stone-walled pavilion, an interior designer’s Gold Coast mansion with a glamorous outdoor cocktail bar, and a Bronte home with a beachfront entertaining zone.

In Brisbane, entrepreneur Fleur Madden’s Palm Springs-style alfresco zone features arched windows and breeze blocks; an architect-designed home at Indooroopilly offers a seamless flow to outdoors with travertine tiles and timber ceiling panels over an integrated barbecue terrace; and at Bardon, sleek black and steel finishes bring contemporary style to the covered space.

A Queensland Hamptons-inspired home with a well-designed alfresco area

The post The $100k barbecue: Aussie backyard boom pays big appeared first on realestate.com.au.

September 21, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-09-21 00:00:222025-09-21 00:00:22The $100k barbecue: Aussie backyard boom pays big

Revealed: Vic gov’s huge property portfolio amid housing crisis

Artwork for gov land being prepped for sale story Sept 2025 - for herald sun real estate

Victorian Premier Jacinta Allan’s government is preparing to sell more than $50m worth of surplus land, but has been holding some of the sites for years. Right picture: NewsWire/David Crosling.

The Victorian government is sitting on a more than $50m property portfolio including homes it’s been planning to sell for up to eight years as it grapples with a budget crisis.

Industry figures have urged the government to urgently offload the addresses to help fund social and affordable housing, infrastructure and programs to fast-track housing approvals.

The Jacinta Allan-led government has also come under fire for the length of time it is taking to prepare the sites for sale.

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And with the government’s budget documents showing Victoria’s debt is expected to balloon to $155.5bn this year, offloading the properties could also help its balance sheet.

More than 40 homes earmarked for sale are left over after being acquired in Carnegie, Murrumbeena and Hughesdale between 2016 and 2018, for the Caulfield-Dandenong sky rail project.

Digital estimates indicate the homes’ values vary from $382,000 for a one-bedroom unit in Carnegie to a six-bedroom house in the same suburb worth $2.12m.

While the addresses were declared surplus to the government’s needs many have not been sitting empty, with some rented out to tenants.

11 Oakdene Cres, Carnegie - for herald sun real estate

The Victorian government bought this three-bedroom house in Carnegie for $1.75m in 2017. Its current estimated value is $1.89m, according to realestate.com.au.

4 Willesden Rd, Hughesdale - for herald sun real estate

And this Hughesdale home, purchased by the government for $1.82m in 2017, is now estimated to be worth about $1.79m.

Other sites among the 60-plus properties designated for sale include vacant land, an ex-police station and former schools including two which closed in 2008.

An ex-school in Broadmeadows has been on the to-be-sold list since at least 2017.

Valuations for the residential sites are available from sources external to the government such as realestate.com.au, indicate there is at least $56m in property that could be sold.

Estimates for commercial sites and other locations are not available, suggesting the real figure could be substantially higher.

A Department of Transport and Planning spokesperson said the valuations were not available because they were commercial in confidence.

4 Girdwood Ave, Carnegie - for herald sun real estate

In 2018, the government paid $1.9m for this four-bedroom Carnegie that’s now valued at about $2.02m, based on realestate.com.au estimates.

Supplied Editorial

The Property Council’s Victorian executive director Cath Evans says funds from selling government surplus land could be reinvested into local infrastructure delivery or programs that help cut red tape and fast-track housing approvals. Picture: Jake Nowakowski.

21 Rosstown Rd, Carnegie - for herald sun real estate

A six-bedroom house in Carnegie, purchased by the state government for $1.875m eight years ago, which is now worth an estimated $2.12m.

The Property Council’s Victorian executive director Cath Evans said well-located, strategic sites should not sit idle when Victoria was facing a housing crisis.

“Funds from these sales could be reinvested into local infrastructure delivery or programs that help cut red tape and fast-track housing approvals,” Ms Evans said.

She said the proceeds could also support social and affordable housing projects with the state government aiming to build 800,000 new homes across the next decade.

Ms Evans added several years was more than enough time to work through planning and consultation processes, particularly when sites were already in the government’s pipeline.

“With rising debt and interest repayments, it’s more important than ever for the state to use its balance sheet wisely,” she said.

n19ht218 Laverton Police station. for file

The former Laverton Police station, photographed when it was still operational in 2009, which the state government is now preparing to sell.

Jacob Caine from Caine Real Estate, REIV President - for herald sun real estate

Real Estate Institute of Victoria interim chief executive Jacob Caine says eight years is an “extraordinarily long time” for the government to take to prepare land for sale.

2-6 Sperry Drive, Tullamarine - for herald sun real estate

The state government sold this warehouse at 2-6 Sperry Drive, Tullamarine, for $6.8m in August 2025.

Real Estate Institute of Victoria interim chief executive Jacob Caine said more needed to be done to shorten timelines for sales so “we can effectively use the properties and land that we have at our disposal today, rather than decades hence”.

“In the midst of perhaps the most acute housing affordability crisis that the state and the country’s ever faced, we need every single bit of land, property and home available to the community in order to help ease the pressures that buyers and renters across Victoria are facing,” Mr Caine said.

Surplus land sales sometimes cannot take place until a contaminated site is remediated or rezoned, which involves town planning activities and public consultation.

The land is also offered at a discount to local councils to purchase for community use, before being listed for public sale.

25B Oakdene Cres, Carnegie - for herald sun real estate

The government bought this Carnegie house for $1m, in 2016. Its current estimated value is $1.29m.

64 Burwood Highway, Burwood - for herald sun real estate

The ex-police station at 64 Burwood Highway, Burwood, fetched $3.125m when the government sold it in 2023.

Currently, the state government has seven sites on the market with vacant blocks in Epping, Drysdale and Melton among them.

Since January 2023, the government’s coffers have been boosted by a combined $35m in Victorian land sales.

A government spokesperson said proceeds from land sales were reinvested into services and infrastructure such as schools, hospitals and public transport.

47 Railway Pde, Murrumbeena - for herald sun real estate

This Murrumbeena house, with a current estimated value of $1.26m, was purchased by the Victorian government for $1.1m in 2017.

“We’re unlocking surplus government land across the state to deliver hundreds of new homes,” they said.

In March, the Minister for Housing and Building Harriet Shing announced an ex-VicRoads site in Kew had been rezoned with the aim of building up to 500 homes there including a minimum 10 per cent affordable housing component.

The government has also earmarked six other surplus sites to potentially deliver up to 350 new homes across Baxter, Bendigo, Carlton, Croydon South, Heidelberg West and Geelong.


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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September 21, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-09-21 00:00:222025-09-21 00:00:22Revealed: Vic gov’s huge property portfolio amid housing crisis

Have lower mortgage rates already changed the housing market?

Mortgage rates fell to almost 6% just before the Fed announcement on rate cuts, then rose slightly to close out the week. Have lower mortgage rates already changed the housing market? Yes. Housing data started to change in our weekly Housing Market Tracker in mid-June and I’m writing this weekend’s tracker a bit differently to focus on the impacts of lower mortgage rates on the supply and demand data lines since then.

I work off the premise that the housing market tends to act better when mortgage rates fall below 6.64% and head toward 6%. However, we need 12-14 weeks of this lower mortgage rate curve to work itself into the data before it can be a legitimate trend. So, let’s take a look at what’s happening right now.

Housing inventory

The best story about housing in 2025 has been the inventory growth, which has brought us closer to what a normal housing market looks like. After the extreme seller’s market that followed COVID-19, we experienced unhealthy housing market conditions in late 2020. By early 2021 I was talking about the need for higher mortgage rates to cool things off but that didn’t happen. By early 2022 the housing market was savagely unhealthy. So far, 2025 has been the healthiest year for the housing market since the pandemic! That said, the inventory channels have changed recently.

The housing market began to shift in mid-June, and inventory growth slowed significantly to the point that, for the first time in many years, our inventory data showed a decline in August, which is not the usual pattern. Early in August, I believed we hadn’t yet seen the peak in inventory for 2025 and I anticipated inventory would grow above recent highs. So far, that hasn’t happened yet.

Additionally, we are approaching the seasonal decline period, which has happened in October and November in recent years. On a percentage basis, we peaked recently at 33% year-over-year growth and are now running at 20%.

chart visualization

New listings and price-cut percentages

A range of 80,000 to 100,000 new listings every week during the seasonal peak months should be standard for this data line, but it hasn’t been normal since the pandemic. We have been slowly working our way back to normal inventory and for 2025, I expected we would get at least 80,000 weekly new listings during the peak seasonal months.

So, I was pretty excited when we saw over 80,000 listings printed in late May. However, I didn’t anticipate that this would be the peak for the year. Since then, we have been gradually declining, and we are now into the usual seasonal decline. This new listings situation impacted the market dynamics in mid-June, resulting in fewer sellers in June, July, and August — particularly as mortgage rates began to decrease.

chart visualization

The price-cut percentage data has stabilized recently and has decreased slightly.

chart visualization

Housing demand

On the demand front, we have enough data to prove that once again, when mortgage rates get below 6.64% and head toward 6%, the forward-looking data gets better with positive weekly data, similar to what we saw in late 2022 and the mid part of 2024. The key is knowing where to look.

Purchase application data has recently had its best seven weeks of the year — all when mortgage rates fell below 6.64%. The trick with purchase apps is that you need 12-14 weeks of positive week-to-week data, similar to what we had in 2022 and 2024. That hasn’t happened yet, but over the last seven weeks, this is what the data has shown:

  • 6 positive weeks
  • 1 negative week
  • 7 straight weeks of double-digit year over year growth

If we can get six to eight weeks of positive data week to week, alongside the year-over-year growth we experienced, late October or early November could be the timeline for that.

chart visualization

Here is the data for 2025. Note, we have had good year-over-year growth, but the week-to-week was choppy until these last seven weeks.

  • 18 positive readings
  • 12 negative readings
  • 6 flat prints
  • 33 straight weeks of positive year-over-year data
  • 20 consecutive weeks of double-digit growth year over year

Note that purchase application data takes 30-90 days before it hits the sales data. If we can string together six to eight more weeks of positive weekly data, we should see growth in the existing home sales data. Our weekly pending sales data has shown slight growth year over year in the past few months. It usually takes 30-60 days for this data to hit the existing home report.

chart visualization

Conclusion

Next week, we will get back to the standard format of our weekend tracker. This weekend I wrote a separate article about mortgage rates and the 10-year yield so that I could focus on the key metrics to look at as we close the books on 2025 and get ready for 2026.

chart visualization

Existing home sales will be coming up this week, and I don’t expect to see much happening there as we still haven’t had 12-14 weeks of positive weekly purchase apps data yet.

September 21, 2025/0 Comments/by JKents
https://www.juliankent.com/wp-content/uploads/2025/11/logo.png 0 0 JKents https://www.juliankent.com/wp-content/uploads/2025/11/logo.png JKents2025-09-21 00:00:222025-09-21 00:00:22Have lower mortgage rates already changed the housing market?

Melbourne property market heats up before AFL weekend

REAL ESTATE GENERICS NORTH MELBOURNE

Melbourne’s auction market is running hot, with buyers striking early and clearance rates climbing before the AFL Grand Final pause. Picture: NewsWire / Andrew Henshaw

Melbourne’s auction market is running hot, with a clearance rate near 75 per cent and buyers striking early before next week’s AFL Grand Final auction pause.

PropTrack recorded a preliminary clearance rate of 74.9 per cent from 668 reported results.

Big-ticket sales in Lorne, Doncaster East and Northcote led the weekend, while agents reported stronger competition and more homes selling ahead of schedule.

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The standout was 135 Smith St, Lorne, which sold for $4.2m.

Other top results included 91 Beverley St, Doncaster East ($3.25m), 74 Andrew St, Northcote ($3.029m), 3 Folkestone Cres, Beaumaris ($2.62m) and 4 Park Lane, Mount Waverley ($2.49m).

Ray White Bayside Group director Kevin Chokshi said the psychology of the market had flipped.

“Spring is going to be big. Downsizers, upgraders and first-home buyers are all active,” Mr Chokshi said.
“Presentation is everything — buyers want a finished product. It’s basically Uber Eats thinking applied to property: fast, easy and ready to go.”

Ray White’s Kevin Chokshi says buyers want homes styled and ready to go “fast, easy and ready to go.”

The clifftop home at 135 Smith St, Lorne sold for $4.2m, and its views can’t be replicated under today’s rules.

Mr Chokshi said urgency was reshaping buyer behaviour.
“Just last week we sold a home before its grand final weekend auction — something that almost never used to happen,” he said.
“A year ago, people would wait and hope for a bargain.

“Now they’re moving early because they fear stronger competition under the hammer.”

This Doncaster East home at 91 Beverley St sold under the hammer for $3.25m.

QLD_CM_REALESTATE_REAAFFORDABILITYNDEX_02SEP23

The expanded First Home Guarantee scheme launches October 1, allowing entry with a 5 per cent deposit and no income cap. Picture: Steve Pohlner

That pressure is set to intensify after October 1, when the federal government expands its First Home Guarantee scheme.
The changes will allow first-home buyers to enter the market with a 5 per cent deposit and no income caps.

Frame Finance director Imogen Alexy said investors were already adjusting.
“Many are targeting the $700,000 to $950,000 bracket before first-home buyers flood in and create extra competition,” Ms Alexy said.
“There’s also a renewed sense of confidence.
“Melbourne passed its trough some time ago, and while growth is gradual, the trend is clearly upward.”

3 Folkestone Cres, Beaumaris was another highlight, selling for $2.62m.

Finance broker Imogen Alexy says investors are moving before first-home buyers flood the market in October.

Over in Lorne on the Bellarine Peninsula, Barnett Real Estate director Jason Barnett sold the $4.2m clifftop home to a young Melbourne family.
“The views were the selling point, you couldn’t rebuild it under today’s planning rules,” Mr Barnett said.
“Confidence has really come back. Buyers are prepared to compete hard for the right property.”

4 Park Lane, Mount Waverley changed hands for $2.49m as spring auction momentum builds.

Jellis Craig Richmond director Jodie McCarthy said most buyers had accepted higher rates.
“They’ve spoken with their banks, they know what they can borrow, and they’re ready to act,” Ms McCarthy said.

With 1212 auctions scheduled this week and just 208 next week, momentum is tipped to roar back in October as more stock hits the market and policy changes kick in.


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 Melbourne property market heats up before AFL weekend appeared first on realestate.com.au.

September 21, 2025/0 Comments/by JKents
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