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How much you’ll need for a five per cent deposit in every Australian suburb and town

Looking to buy and think you can’t afford to get into the market?

Think again.

The Government’s recent proposed changes to the First Home Guarantee have opened the door to a huge number of suburbs for first homebuyers by launching five per cent deposits from October 1, instead of next year as it had originally planned.

Through the expanded scheme, the Government will guarantee a portion of a first homebuyer’s loan so eligible buyers can purchase with a significantly lower deposit and not pay Lenders Mortgage Insurance.

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Many banks currently prefer a 20 per cent deposit.

The drop in upfront savings needed makes it significantly easier to enter the market, in theory, as a five per cent deposit on the national median home price of $844,000 would be just $42,200.

A 20 per cent deposit on the same value property would be $168,800.

QUESTION TIME

Prime Minister Anthony Albanese hopes bringing in the five per cent deposit scheme will help more young people into home ownership. Picture: NewsWire / Martin Ollman

Prime Minister Anthony Albanese said he wanted to help young people and first home buyers achieve the dream of home ownership sooner.

“Bringing the start date of our 5 per cent deposit scheme forward will do just that,” he said.

“Labor was re-elected with a clear mandate to bring down the deposit hurdle for first home buyers, and we’re delivering.”

More news:

‘Aussie John’ quietly pulls $200m+ home from sale

Sprawling Vic home set to turn heads

Mansion sale smashes 2025 state record

Regional SA leading home value growth

Photographer Peter Dombrovskis’ historic home hits market

Beer icon James Boag III’s home for sale

So, where’s the cheapest place to enter the market in your state?

We’ve crunched PropTrack’s numbers to reveal the suburbs in each state where you’ll need the least in savings to enter the market.

You might be surprised to see just how little you need to hit that magic five per cent deposit.

Click here to find every suburb and town in our searchable table

And, without further ado, here are each state’s top 10s.

NEW SOUTH WALES

Source: PropTrack.

Bridge Climb

It’s hoped the 5 per cent scheme will help first homebuyers break into the nation’s most competitive housing market. Picture: Jonathan Ng

VICTORIA

Source: PropTrack.

Generic Pix

The move could help thousands of Victorians enter the market. Picture: Jake Nowakowski

SOUTH AUSTRALIA

Source: PropTrack.

Supplied Editorial Aerial view of Adelaide CBD. Picture: Supplied by Knight Frank

South Australian buyers can enter the market with as little as $3425 in savings. Picture: Supplied by Knight Frank

QUEENSLAND

Source: PropTrack.

D BNE Story Ferry CBD Runrise

Queenslanders can enter the market with as little as $3375 in savings. Photo – iStock

TASMANIA

Source: PropTrack.

Hobart's Central Business District from the air, against Mount Wellington from the air

Tasmanian buyers need just $8650 to enter the market. Photo – iStock

WESTERN AUSTRALIA

Source: PropTrack.

Perth downtown city skyline cityscape of Australia

Perth downtown city skyline cityscape of Australia at sunset. Photo – iStock

NORTHERN TERRITORY

Source: PropTrack.

Northern Territory buyers can get in with just $12,500 in savings.

The post How much you’ll need for a five per cent deposit in every Australian suburb and town appeared first on realestate.com.au.

September 3, 2025/0 Comments/by JKents
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Bachelorette star wants $950k for hinterland yurt home

Reality TV star Angie Kent is quietly inviting offers for her hinterland yurt home after picking it up for a steal before the pandemic boom.

The Bachelorette and Gogglebox star is asking for offers over $950,000 for the three-bedroom retreat in Queensland’s Tamborine Mountain through Ray White agent Katie Kastberg, but is yet to engage in a selling campaign.

Angie Kent, reality TV star, has listed her Queensland home for sale.

RELATED: Bachelor stars Sam and Snezana Wood sell luxe Elsternwick home

Records show she bought it in March 2021 for $615,000 and has been renting out the granny flat for $400 a week.

Ms Kastberg said the listing was not yet on realestate.com.au as Ms Kent was not in a hurry to sell, but wanted to gauge interest from a potential investor.

Ms Kent, who starred in the 2019 season of The Bachelorette, even set up an Instagram account in the home’s honour, called @jessicayurt, which detailed her making improvements to the property.

Former Bachelorette star Angie Kent has listed this Tamborine Mountain property for sale.

MORE: Bachelor house finally sells in mega deal

The home, which was the television personality’s first property purchase, is on a huge 1065 sqm block and is certainly unique, with multiple, indoor and outdoor living areas.

The living rooms upstairs and bedroom downstairs have access via timber doors to a three-level entertaining deck.

The other two bedrooms are upstairs and both open out on to either Juliet balconies or a deck.

The open plan living, dining and kitchen area also open onto the deck.

Former Bachelorette star Angie Kent is selling the Queensland property she bought four years ago.

One of the bedrooms features an open honeymoon bath and shower/toilet area with mood lighting.

Downstairs has a granny flat that can be conjoined or left separate, lending itself to dual living.

Ms Kent turned her original small-screen role on Foxtel/Channel 10’s Gogglebox into stints on I’m A Celebrity … Get Me Out Of Here and then The Bachelorette.

Angie Kent and Melissa Tkautz for their film, The Posessed.

Angie Kent is selling her Gold Coast hideaway. Picture: Jonathan Ng.

She more recently starred in a low-budget horror flick starring opposite Wolf Creek villain John Jarratt and Lincoln Lewis, and earlier this year, featured on IVF reality show Big Miracles documenting her embryo freezing journey.

Her most recent venture is as the founder of an online women’s health resource called SEEN.

Originally from Queensland, Ms Kent currently lives in Melbourne and recently made headlines when she took to social media to share her frustration with the local council, saying the city’s street signage was confusing, especially for those with ADHD.

She stated that she was fined for parking in a loading zone and said the city’s signs were overly complicated.

“They have so much writing on the signs … so you think you’re reading something and when you’ve got ADHD I read that and it literally looks like a different language, it’s just a lot going on,” she said.

The post Bachelorette star wants $950k for hinterland yurt home appeared first on realestate.com.au.

September 3, 2025/0 Comments/by JKents
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Fire ravaged NSW home sells for top dollar as buyers hunt rebuild projects

A burnt out shell of a house on the outskirts of Newcastle has changed hands for $900,000 nearly a year after going up in flames.

The fire last year damaged much of the five-bedroom, three-bathroom house in the suburb of Salt Ash, with listing images revealing most of the roof was destroyed.

Additional images revealed charred roof beams, with the previous solar panels completely destroyed and damages to the structure, with multiple rooms in the Lemon Tree Passage Rd house also affected.

MORE: Sole Sydney region with falling home prices

The Salt Ash house sold for $900,000. Picture: PRD/Realestate.com.au

The home sold as a burnt shell. Picture: PRD/Realestate.com.au

MORE: Sydney house prices shoot up by $66k

Damage to the garage door and windows were also clear on the 1.98 hectare property just off a neighbouring creek.

The property had sold a few months before the fire for $1,425,000, records showed. It is not known how the fire started but the area has a history of bush fires.

MORE: Wild reason Mt Druitt resident has 300 homes

Fire fighters were unable to save this house on Browns Rd in Salt Ash, near Williamtown, north of Newcastle. 01/09/07.

Fire service had been called to the street in previous years to put out house fires.

Recent trends show buyers aren’t afraid of houses hit by fires, often seeing an opportunity to restore them or knock down and rebuild.

A 759 square metre block at 71 Pindari Drive in South Penrith with significant damage to the front, kitchen and multiple rooms sold for $820,000 in July.

Lead agent on the property Ali Khanchedar from Southlands Estate Agents explained the value was primarily in the land, but there was occasional buyer interest in salvaging some structures.

“If it’s not repairable, they’ll knock it down and you’ve always got its land value,” he said.

71 Pindari Drive in South Penrith still fetched a price of $820,000 despite significant fire damage. Picture: Southlands Estate Agents/Realestate.com.au

“Not only the resale would be there, but the market is going up so they obviously see the value in it.

“You can’t find vacant lots in South Penrith. People can go to Caddens and the surrounding areas, but it’s very rare to find.

“When the buyers were coming across that, we actually had multiple offers, multiple people that were interested.”

Around the corner, a home in Mount Druitt with no running water and graffiti-laden sold in May. The Dixon St property changed hands for $921,000.

Photos show properties destroyed by fire in Salt Ash.

A different property destroyed by fire on the same street in Salt Ash.

One fire-damaged family home in North Rocks even sold for $2,260,000.

The sale comes as PropTrack figures showed property prices have been rising since the Reserve Bank announced the first of three interest rate cuts in February, with national home prices rising 0.5 per cent over August alone.

It means the cost to purchase a home is 5.3 per cent – or about $48,000 – higher than a year ago nationally.

Home prices in regional areas too hit a new peak last month, now at 6.6 per cent growth over the year after a 0.3 per cent hike month-on-month.

The post Fire ravaged NSW home sells for top dollar as buyers hunt rebuild projects appeared first on realestate.com.au.

September 3, 2025/0 Comments/by JKents
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Brisbane locals spark weekender boom

Homebuyers in Brisbane are heading west for a “weekender” property.

Homebuyers looking to escape the hustle and bustle of city life are heading to the Hinterland for a weekender escape, new research reveals.

Place Advisory data and on-the-ground agent insights show a trend reshaping southeast Queensland’s real estate market — city slickers buying in hinterland and coastal towns up to two hours away from Brisbane.

80 Starks Road, Tallegalla.

80 Starks Road, Tallegalla.

In lifestyle belts like the Scenic Rim and Somerset Region, agents say up to half of buyers inspecting acreage and lifestyle homes were Brisbane locals chasing a weekender escape.

“Around 50 per cent of the people we’re meeting at open homes are Brisbane locals,” said Paris Arthur, Place Graceville.

“They’re not looking to move permanently; they want a weekender.

“Somewhere green, private, and within a short drive of the city.”

MORE NEWS: Qld leads nation with next boom markets

Aus Survivor star’s luxury home hits market after value skyrockets

80 Starks Road, Tallegalla.

80 Starks Road, Tallegalla.

The PropTrack Home Price Index August 2025 revealed home prices in regional Queensland grew 0.3 per cent in August to hit a new peak, bringing them 9.9 per cent higher than a year ago.

Since August 2024, regional Queensland home prices have grown $75,000 – the most of all regional markets in the country.

Mr Arthur is marketing a showstopper home at Tallegalla, located between Brisbane, Toowoomba and Ipswich.

The three-bedder is a luxurious off-grid residence focused on passive design.

“Just a stone’s throw from the Brisbane-, Ipswich- and Toowoomba-bound Warrego Highway, this extraordinary property is also close to Minden and Marburg’s community-driven retail, dining and outdoor adventure scene, promising country living at its finest,” the listing states.

97-101 The Shelf Road, Tamborine Mountain is on the market via Kara Christensen of Kollosche at $2.7m.

Mr Arther said buyer motivation was about lifestyle, not relocation.

“The big drivers are flexibility and wellbeing,” Mr Arthur said.

“Many of these families work in the city during the week, but they want their kids to spend weekends outside, with space and fresh air.

“A weekender gives them both.”

Weekender hotspots include the Scenic Rim, Sunshine Coast Hinterland and Toowoomba.

“This isn’t just a post-Covid fad,” Mr Arthur said.

“Brisbane locals are re-evaluating their lifestyles.

“A second home is becoming as aspirational as a beach holiday; it’s the new symbol of

success.”

135 – 147 Alpine Terrace, Mount Tamborine.

135 – 147 Alpine Terrace, Mount Tamborine.

Ray White Rural’s Peter Douglas said there was a steady stream of buyers looking for a weekenders in the Scenic Rim.

“We are still seeing good strong sales right through the Scenic Rim on acreage,” he said.

“It’s about proximity — you’re within that hour radius of Brisbane and hour radius to the Gold Coast.

“With that in mind, that market is still pretty strong.”

He this week listed a stunning estate on Tamborine Mountain that he described as “extraordinary”.

135 – 147 Alpine Terrace, Mount Tamborine.

135 – 147 Alpine Terrace, Mount Tamborine.

The property, at 135-146 Alpine Terrace includes an contemporary home offering views across Guanaba Valley, Moreton Bay, and Stradbroke Island.

The house includes hand-cut porphyry stone, copper detailing, and natural timber.

“It’s probably the among the best, if not, the best house on the mountain,” he said.

Other features include a fully self-contained guest quarters and two additional cottages.

“This is a property that transcends conventional luxury,” the listing states.

“It is a residence of enduring quality, architectural integrity, and environmental harmony-crafted for those who seek excellence in both form and function.”

The post Brisbane locals spark weekender boom appeared first on realestate.com.au.

September 3, 2025/0 Comments/by JKents
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Socceroos legend Aaron Mooy scores new $5.2m Byron Bay home

MELBOURNE, AUSTRALIA – JANUARY 27: Aaron Mooy of Australia controls the ball during the FIFA World Cup Qatar 2022 AFC Asian Qualifier match between Australia Socceroos and Vietnam at AAMI Park on January 27, 2022 in Melbourne, Australia. (Photo by Robert Cianflone/Getty Images)

Former Socceroos star Aaron Mooy has upgraded in the Byron Bay hinterland.

One of the most successful Australians to have played in the English Premier League, he has spent $5.2m on a contemporary home in Bangalow.

On 1.7ha, the jet black home was designed by Harley Graham Architects.

MORE: ‘Fight you’: Cannon-Brookes’ wild new life

Former Socceroo Aaron Mooy has upgraded in the Byron Bay hinterland to a $5.2 million contemporary home at Bangalow. Picture: realestate.com.au

About 5km north of the town, the 2015 home has five bedrooms, an office and a media room across the single-level floorplan.

The central kitchen, dining and living area open to a full-width al fresco space that overlooks a swimming pool.

Its open-plan main living space has been delineated by sandstone walls.

RELATED: Tom Trbojevic’s new $4.3m home

The open-plan main living space has been delineated by sandstone walls. Picture: realestate.com.au

The Byron Bay lifestyle.

Lots of light.

The grounds have a separate games room with an attached workshop. There is also fire pit, vegetable gardens and a chicken coop.

MORE: Huge promise Hemsworths made about Byron Bay

Australia v New Zealand - International Friendly

Aaron Mooy as a Socceroo. Picture: Chris Hyde/Getty Images

The property was sold through Sotheby’s International agent Peter Randall, having last been bought in March 2024 for $4.72m.

PropTrack puts Bangalow’s median price at $1.5m – down 6 per cent annually based on 20 sales. Its peak was $2.2m in June 2022.

Mooy first bought into the hinterland in 2023, spending $3.6m on a 2015-built home in Ewingsdale that was sold by the property tycoon Terry Agnew.


Mooy recently sold the home for $2.85m.

He played 57 games for the Socceroos. In Australia, he played for Western Sydney Wanderers and then Melbourne City, before moving to England and eventually playing in the Premier League with Huddersfield and Brighton. He finished his career at Scottish champions Celtic in 2023.

MORE: Aussie TV making mega bucks out of property

The post Socceroos legend Aaron Mooy scores new $5.2m Byron Bay home appeared first on realestate.com.au.

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How Australia’s holiday playground became its most overpopulated city

Gridlocked traffic and housing stress are consequences when cities push past their capacity

It’s official — traffic gridlock and a housing crisis have dulled the Glitter Strip’s sparkle, with the Gold Coast named the nation’s most over-populated city.

Research pinpointing the ‘magic number’ of residents for peak sustainability and liveability has shed new light on the ideal city size where housing, jobs, transport and services operate in balance.

The nation’s favourite holiday playground of the Gold Coast was worst ranked as the most overstretched from among 655 Aussie cities included in the major study by the Monash Institute of Transport Studies.

The Gold Coast has outgrown its ideal size by about 14 per cent, the study found

The Gold Coast was sitting at about 14 per cent above its capacity, ahead of the NSW Central Coast at 13, and Murray Bridge (South Australia) at 12 per cent.

Melbourne, Sydney and the Sunshine Coast were also over capacity, risking higher costs and infrastructure strain, while Perth and the small South Australian town of Port Pirie were near their ideal population size, the study found.

To determine a city’s ideal size, researchers used four well-known measures of city growth and function: capital city status, access to jobs, the mix of services on offer, and how well it’s connected.

Supplied Editorial

Gridlocked traffic in Melbourne, which was also operating above capacity

The results showed cities operating within four per cent of their ideal capacity saved renters an average of $1,560 a year, or $5.3b nationally, while 44,000 more people could walk to work daily, and 275,000 households could cut back on cars.

Lead author Associate Professor Liton Kamruzzaman highlighted solutions like better transport links, more balanced job locations, and fairer land-use rules to help cities get to their “just right” size.

“When a city grows too big, the signs are clear; longer commutes, traffic jams, soaring rents, and overcrowded services,” he said.

“But when it’s too small, valuable infrastructure and opportunities go to waste.

A home in Port Pirie, SA, listed at $319,000

“Using this research as a benchmark, new cities could be designed with a population range that avoids the pitfalls of over- or under-capacity, while existing ones can be recalibrated through policy levers like transport links or decentralised jobs.”

Associate Professor Kamruzzaman said the study showed it was not about whether a city was small or large, but rather how its systems could handle the population.

The study found the Gold Coast was operating in a state of “stress”, due to rapid population growth outpacing infrastructure development.

It comes as home prices on the Gold Coast close in on Sydney, with values surging almost 9 per cent in the past year, more than twice the pace of the market leader, latest PropTrack data shows.

REA Group senior economist Eleanor Creagh

MORE NEWS

$1.32m and rising: Gold Coast home prices close in on Sydney

Revealed: The true cost of selling vs staying in your home

Hidden nightmare of Aus home renos

September’s Home Price Index found the Gold Coast median house price was now $1.32m, the only regional market in the country where prices outstrip its capital.

REA Group senior economist Eleanor Creagh said it was likely local property prices would keep rising, given continued strong interstate migration.

“You’ve got lifestyle, demand, hybrid work, flexibility, infrastructure investment ahead of the upcoming Olympic Games,” Ms Creagh said.

“There have been a lot of factors really underpinning demand on the Gold Coast.”

Finbar Group's Civic Heart apartment and retail development in South Perth. Picture: Stephen Heath Photography - for herald sun real estate

Perth was now close to its ideal size

An earlier report by Anglicare Southern Queensland painted a stark picture of the city’s rental market, revealing “close to zero affordable options” for low-income earners or those on income support.

The charity’s 2025 Rental Affordability Snapshot revealed a “deterioration” in overall conditions over the past 12 months, with the Gold Coast the region’s least affordable centre.

“The lack of safe, affordable and appropriate housing is not just a housing issue – it’s a community issue,” Anglicare Southern Queensland CEO Sue Cooke said.

The post How Australia’s holiday playground became its most overpopulated city appeared first on realestate.com.au.

September 3, 2025/0 Comments/by JKents
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Secret Wild West-style village comes with Yattalunga home in Adelaide’s north

A Wild West-style “tiny town’’ on Adelaide’s northern outskirts has hit the market, featuring a saloon bar, slaughterhouse and even a police lockup.

The miniature village, resembling something of a ghost town, has been a decades-long labour of love for its owner, who has been creating the various outbuildings since purchasing the then-vacant 5.47ha block of land at 19 Hughes Court, Yattalunga, in 1990.

Dubbed “Cunnamulla’’, the village includes a bakery with a working pizza oven, a general store, blacksmith’s workshop and a small church, as well as railings and troughs to rest and water the horses.

MORE: Aussie island property selling for a steal – but there’s a catch

19 Hughes Court, Yattalunga.

19 Hughes Court, Yattalunga.

19 Hughes Court, Yattalunga.

19 Hughes Court, Yattalunga.

There is also a replica cemetery along the driveway of the property, said Sallyann Vivian, who is selling the property with Ross Whiston, of Ray White Gawler East.

“(The vendor) is a really handy guy – a builder who doesn’t like sitting still,’’ Ms Vivian said.

“So he just started building this tiny town with recycled materials and when he had people over it became a bit of a spot to gather.

“It’s got the jail and the general store and the blacksmith shop – everything there has a real vintage feel.

“It’s just somewhere unique that people can come and sit around, have some fun and some drinks.’’

A well-kept secret, Ms Vivian said the village had been built purely for the enjoyment of the vendor and his family and friends.

But she said it presented an ideal tourism opportunity for potential buyers.

Ms Vivian said fixtures within the outbuildings, including the bakery pizza oven, unique signage and a large mural in the blacksmith’s workshop featuring the 1880 Glenrowan stand-off between Ned Kelly and the police, were included in the property’s $1.3m asking price.

The buyer will also snap up a three-bedroom family home that comes with a large recreation room with a bar and beer taps and an undercover outdoor patio with a jacuzzi.

MORE: Council forcibly selling properties to claw back debts

19 Hughes Court, Yattalunga.

19 Hughes Court, Yattalunga.

19 Hughes Court, Yattalunga.

19 Hughes Court, Yattalunga.

There is extensive shedding on the property, including an enormous 14m by 7m shed near the house and another large shed with a spray booth.

Dedicated cattle yards, electric fencing and a cattle crush made the property well-suited to running livestock, Ms Vivien said.

“This is a lifestyle property for people who are looking for some space to run a few animals,’’ she said.

“You are literally five minutes into Gawler, you are five to 10 minutes going into Munno Para or jumping into the CBD as well.

“(The village) is a bonus that comes with the property. You could sit up at the bar or entertain in the bakery.

“It’s incredible what (the vendor) has done. He’s really created something different and he has done it very well.’’

– by Lauren Ahwan

The post Secret Wild West-style village comes with Yattalunga home in Adelaide’s north appeared first on realestate.com.au.

September 3, 2025/0 Comments/by JKents
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Luxury home with controversial build set to break $12 million suburb record when sold

A luxury home in Paddington has gone up for sale four years after a difficult building journey – and is now expected to break the suburb record of $11.8 million.

The five-bedroom home at 9 Reading St has been named ‘Skyline’: a collaboration between Graya and Joe Adsett Architects for owners Kylie Anne and Anthony Steven Preston.

After purchasing the property for $3m in 2019, the Prestons began one of the suburb’s most ambitious builds over the following years – one that got them in a legal dispute with their neighbour, multi-millionaire Steven John Baxter.

9 Reading St, Paddington, for sale with Ray White New Farm.

The family home’s luxury build faced a legal roadblock from the property’s wealthy neighbour in 2021.

The Mandoe Media founder had taken the owners to court over how their build plans affected his property, with the dispute beginning and ending throughout 2021.

But after completing the build and living there with their family for three years, the Prestons’ lifestyle change to Victoria has prompted a sale of the home.

The property is now on the market with Ray White New Farm agents Matt Lancashire and Josh Brown. Mr Brown said building the home required a long time discussing the details of the final home with both the local council and the contracted builders.

“It was a family home for the owners,” he said. “They wanted it to be a special home, so they scoured Paddington for the best block to build the house on.”

Courts

The court case within Steven John Baxter of Mandoe Media was resolved, and the Preston family lived in the new property 3 years before deciding to sell.

The property comes in at 810 sqm, with a flat floor plan and a 20-metre frontage looking out over Brisbane City.

The 810 sqm property features a flat, “fully integrated” floor plan with a 20-metre frontage, stretching out to offer a view right over the nearby CBD.

“They really made sure they maximised what could be done on site,” Mr Brown said. “The views there can’t be replicated – it really is one of two or three, tops, parcels of land in Paddington where you can achieve that.”

Features within the home include two living areas, an upstairs balcony and a pilates studio, with an ensuite attached to each bedroom. Meanwhile, a heated infinity pool and spa can be found outside, along with an outdoor kitchen, gazebo and sunken fire pit.

Luxury features include an ensuite for every bedroom, heated infinity pool and pilates studio.

The sale is expected to break the suburb’s previous record of $11.8 million.

Mr Brown said they expected the sale price to be “north of” the suburb’s biggest yet: a 653 sqm property at 45 Garfield Dr, which sold for $11.8m.

“How far north of that, that’s what we’re going to be figuring out,” he said. “The depth of buyers in this range is quite deep.”

“Joe [the architect] has walked us through the vision for the property, matching it to the current owners’ circumstance; which I think is going to appeal to a large corner of the market at this price point, and that’s families with 2-4 kids.”

Expressions of interest are currently being taken for the home.

The post Luxury home with controversial build set to break $12 million suburb record when sold appeared first on realestate.com.au.

September 3, 2025/0 Comments/by JKents
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K2 Omni Group joins eXp Realty

The top brokerage in the country by transaction side count is welcoming another top-producing team. K2 Omni Group is joining eXp Realty, according to an announcement on Tuesday. 

The team was founded by Kiki and Kristina Salcido, along with their business partners Nathan Armstrong and Berenice Holden. The team was formed as Simply Real Estate, a New Mexico-based boutique brokerage co-founded by the Salcidos in 2019. The firm rebranded to K2 Omni in 2024, with an aim to create a national platform. 

“K2 Omni Group has demonstrated remarkable growth and innovation in just a few short years,” Leo Pareja, the CEO of eXp Realty, said in a statement. “Their ability to deliver high production while building a culture of collaboration and community makes them an ideal fit for eXp’s platform.”

In 2024, when the team had just 22 agents, it closed 313 transactions for a total sales volume of $105 million, according to the release. The team has since grown to 56 agents and 12 support staff, along with its four managing partners. The team has a diverse geographic footprint, serving clients in Albuquerque, Santa Fe, and Las Cruces, New Mexico, as well as Boston, Dallas-Fort Worth, Phoenix, Tampa and Orlando. 

The team’s leaders said they are hoping the move to eXp helps them accelerate their expansion plans. 

“We realized how tricky it was to start brokerages in each new state. Finding brokers, setting up infrastructure, dealing with the logistics — it all slowed us down,” Kiki Salcido said in a statement. “The idea that we could turn the lights on overnight was what really appealed to us.”

“The systems, comp structure, and national reach weren’t just impressive — they were scalable. And after seeing how others leveraged the platform to grow without losing control of their brand or their culture, we realized eXp was the missing piece to make K2 Omni Group go National, and one day, International,” Kristina Salcido said in a statement. 

September 3, 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 JKents2025-09-03 00:01:002025-09-03 00:01:00K2 Omni Group joins eXp Realty

Taxing health care benefits could reduce the Social Security gap by 25%

A new report suggests that counting the value of employer-sponsored health insurance (ESI) toward taxable wages could generate about $400 more in annual payroll taxes per worker, shrinking Social Security’s long-term funding gap by roughly 25% in 75 years.  

The report published Tuesday by the Center for Retirement Research at Boston College concludes that the option is regressive since it would collect no additional taxes from earners above the wage cap, but it could be part of a larger Social Security reform package. 

The idea comes as Social Security faces a widening shortfall. Since 2021, benefits have exceeded revenues. In 2026, the cost-of-living adjustment is set to rise by 2.7%. 

In 2023, the program collected $1.351 trillion but paid out $1.392 trillion, leaving a $41 billion deficit. The trust fund has covered the gap so far, but it is projected to run out by 2035. At that point, Social Security could pay only 83% of promised benefits, with the figure falling to 73% by 2098.

In 2025, payroll taxes apply only to wages and salaries up to $176,100. That cap rises each year, but incomes for high earners are growing faster, eroding the taxable share of earnings from 89% in 1985 to 83% in 2023.

Meanwhile, employers’ contributions to fund benefits like health insurance, retirement plans and disability coverage are usually not included as compensation under the federal income tax or the payroll tax. The report shows that about 40% of workers received ESI in 2021, averaging $10,710 in annual contributions and equal to 11.8% of total wages.

Including ESI in the payroll tax base would have raised the average annual Social Security contribution from $5,920 to $6,340 in 2021, adding about $70 billion in revenue that year. (The estimated impact would be larger if considering only those with ESI.)

Still, the measure would raise less than other options. Eliminating the cap would raise the average annual contribution by $1,330, while eliminating the cap but adding ESI would raise it by $1,869. 

The analysis excludes self-employed workers, understating the potential revenue impact of expanding the contribution base.

“Clearly these policy options would affect lower earners and higher earners very differently,” the report states. “Raising the taxable maximum would require highly paid earners to pay slightly higher taxes. Adding ESI benefits to the payroll tax base would require lower-paid earners to contribute more while collecting no additional revenue from the highest earners.”

Screenshot
Data courtesy of Center for Retirement Research at Boston College
September 3, 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 JKents2025-09-03 00:01:002025-09-03 00:01:00Taxing health care benefits could reduce the Social Security gap by 25%
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