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Buyers targetting Geelong property splurge on CBD unit blocks

The complex of nine units at 57-63 Swanston St, Geelong, sold in September.

Two entire blocks of flats next to Geelong’s main hospitals have generated more than $5m in sales as investors’ appetite for Victoria’s second city grows.

The mid-century properties comprising 15 separate two-bedroom units were secured by investors in separate deals handled by Gartland Geelong agent Tony Young.

The second of the transactions was completed last week when the three-storey Alexander Thomson Court at 57 Swanston St, Geelong, was sold.

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Both complexes are opposite Geelong’s University Hospital, where tower cranes surround the construction site for the new Barwon Women and Children’s Hospital.

Mr Young said agents had been attempting to find buyers for individual units in the complex, but it wasn’t until the entire complex was offered that serious interest emerged.

“There’s definitely huge demand for them,” Mr Young said.

“A couple of individual units in the group were on the market, one with us and Maxwell Collins had one as well. I couldn’t even get anyone to look at them.

“As soon as it was the whole group, then it became a completely different ball game.

The six-unit block of units at 72 Bellerine St, Geelong, sold in May.

“I could have sold that particular group to five or six genuine buyers.”

The six-unit block at 72 Bellerine St sold to a Sydney investor in May for $2.11m.

“She never even came to look at the property, she just relied on why WhatsApp viewing and a detailed building inspection,” Mr Young said.

That investor had since snapped up another unit complex in Newtown, he said.

“It’s almost as if every property seminar in Australia is mentioning Geelong. it’s flavour of the month.”

Mr Young said the Bellerine St complex was on a single title, but the Swanston St property was fully strata titled and had an Optus communications tower on the roof.

Construction is going ahead for the Barwon Women’s and Children’s Hospital at Geelong.

The properties are in the heart of Geelong’s medical precinct, with seven of the nine Swanston St units leased, with the entire complex returning $170,000 a year.

The Bellerine St complex returns just over $100,000 a year in rent, with individual units earning an average $330 a year.

The sales mean the individual units for an average price of about $350,000.

Blocks of strata titled are rarely offered in one parcel, although the complex offered new owners the opportunity upgrade over a five-year plan to improve the income stream.

Central Geelong unit sales have been steadily increasing, with a recent Hotspotting report identifying the suburb for future growth.

The unit market has a median price of $650,000, reflecting a 5.9 per cent rise over 12 months on the back of 67 sales, according to PropTrack data.

The post Buyers targetting Geelong property splurge on CBD unit blocks appeared first on realestate.com.au.

October 6, 2025/0 Comments/by JKents
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Inside $4.95m architect-designed Sorrento coastal hideaway

A coastal retreat from acclaimed Melbourne architects waits until the occupants are inside before revealing its true delights.

The articulated cedar facade is all that’s visible from the kerb at 17 Boroondara Rd, Sorrento, framing the entry and concealing a private guest suite and garaging before opening to a central landscaped courtyard where a pool and expansive entertainment areas are star attractions.

The artistry of the entry captured the attention of the vendors, who found the residence, built in timber and concrete, in 2016.

“I opened the door and said this is it, this is the place. It’s just such a beautiful, inviting home from the front door,” says the vendor.

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The five-bedroom house in Sorrento has been listed for sale.

The house has a price guide of $4.95 million.

The house, which has a price guide of $4.95 million, was original built by Genevieve and Chris de Campo, of de Campo Architects, and it’s clear the subsequent owners have enjoyed their inspiration.

“The main thing about it is you can be in among all of lively Sorrento, but at the same time when you’re inside the house, you really are away from it all,” the vendors say.

“It’s beautifully designed by Chris and Genevieve and it ticked all the boxes because people can have their own space.”

Full-height pivot doors link indoor and outdoor living spaces, connecting the kitchen to a sheltered outdoor area with an open fireplace and built-in barbecue.

A striking oak island bench anchors the well appointed kitchen that joins a dining area and moves around to the main lounge.

The residence envelopes the landscaped courtyard, with a study and main bedroom suite in the main home, and the separate guest suite at the front.

Three more bedrooms and a living space are in the lower level that also contains two bathrooms and laundry.

The residence envelopes the landscaped courtyard.

The home contains two bathrooms.

The home is named Amagansett, a nod to the Hamptons town on Long Island, New York, and has helped the vendors create many memories with their adult children, family and friends on the Mornington Peninsula.

“Since 2016 it was one of the most delightful places to have,” say the vendors.

“We have friends and family overseas, so it’s always been an attraction, because you can host up to 30 people comfortably, and we’ve done that, and you can sleep more than comfortably 10 to 15.

“But it gave us that luxury of inviting people – and certainly people from everywhere enjoyed coming and have fond memories of that place.”

The vendors say the open plan design allows an easy flow between different areas of the house, and can separate the lower floor if you have children.

“Our bedroom is huge and had its own ensuite and then downstairs the three bedrooms have two bathrooms and then there’s the sleep out, which is like another little house for someone who literally has the key to get in and out without disturbing the rest of the house.

“It’s just beautifully done.”

Three more bedrooms are in the lower level.

The open plan design allows an easy flow between different areas of the house.

It’s hosted celebrations such as engagement parties, Christmas and birthdays, but with adult children settling abroad, the vendors find they’re spending more time overseas and away from Sorrento.

The position near Sorrento Park is ideal at high season, such as Christmas and Easter when the short walk to the shops means leaving the car in the garage.

Sotheby’s International Peninsula agent Rob Curtain says the tightly-held location and 1086sq m landholding is part of the attraction.

“It’s actually, for Sorrento, a very large block of land. With the privacy and the great indoor-outdoor dining areas and then literally at the door you’re in the park across the road, you’re on the beach and you’re into town in five minutes,” Curtain says.

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The post Inside $4.95m architect-designed Sorrento coastal hideaway appeared first on realestate.com.au.

October 6, 2025/0 Comments/by JKents
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Why no reserve auctions are the ‘grand final’ for the property market

QLD_SM_REALESTATE_CRESTMEADAUCTION_28OCT23

Over 500 spectators including a record-breaking 161 registered bidders watched on as an vandalised house at 19 Billabong Street, Crestmead, went to auction with no reserve in October 2023. David Clark

I love grand final season! Especially when Brisbane teams are playing and firing!

What a weekend of footy we have just had.

To even play in a grand final, at any level, is special.

Some players, even great players, can make representative teams but still never make a grand final.

The opportunity to compete on that stage, in front of that crowd, with everything on the line – it’s the pinnacle of any sporting career.

QLD_SM_REALESTATE_CRESTMEADAUCTION_28OCT23

Inside 19 Billabong Street, Crestmead, which drew record crowds at its no reserve auction. David Clark

In my auctioneering world once every 5-10 years I have been greeted with a rare opportunity.

An owner who says they want to sell their property with no reserve.

It may seem like a long bow to draw comparing an auction to a grand final.

But as an auctioneer, many will never call one and if you do, the weight of the outcome sits entirely on the shoulders of the agent and auctioneer.

A no-reserve auction is exactly as described.

There is no reserve.

Ray White’s Haesley Cush will call a rare no reserve auction at the Calile Hotel on October 18 Photo: Supplied.

The property will sell to the highest bidder so if you bid $100 and no one else bids, then you buy it.

So in a couple of weeks, on October 18 at the Calile Hotel, I’ll be running out to call the no-reserve auction for 316 Buckland Street, Nundah with Nick Kouparitsas from Ray White Clayfield.

I’ve only called four others among the other 30,000 auctions and each one is memorable.

316 Buckland Road, Nundah, will go to auction with no reserve

When I asked the owner ‘why?’ He told me that he just needed to sell it and said ‘what’s the difference between setting a reserve and not setting a reserve if you’re definitely going to sell it at the auction either way?’

It’s a bold approach that requires complete confidence in the property and the market.

The stakes couldn’t be higher.

Every bidder knows they have a genuine chance. There’s no safety net, no backstop – just pure competition playing out in real time.

I’m a bit excited to get out in front of the crowd, in the big lights, and try and see which buyer will take home the silverware.

Just like grand final day, there can only be one winner.

*Haesley Cush is an auctioneer and co-founder of the Ray White Collective.

RELATED: $1 home: Why no reserve auctions create a buyer frenzy

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October 6, 2025/0 Comments/by JKents
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Wally Lewis’ ‘priceless’ Grand Final house hunt

King Wally

Rugby league great Wally Lewis and wife Lynda spent Grand Final day inspecting a luxury coastal home

NRL legend ‘The King’ Wally Lewis was on the hunt for a new palace just hours before the Broncos’ drought-breaking grand final victory.

The Maroons legend caused a stir inspecting a luxury coastal home in bayside Wynnum, ahead of Brisbane’s epic 26-22 win over the Melbourne Storm — the club’s first premiership in 19 years.

Lewis and wife Lynda spent an hour looking through the property at 50 Prospect St, taking in ocean views and posing for photos with starstruck locals.

The five-bedroom house at Wynnum

Marketing agent Karen Chappell, of Place Bulimba, wouldn’t confirm the couple’s purchasing intentions, but said the home fit the famous number 6’s preference for waterfront living.

Lewis said the view was so stunning it would be hard to put a price on it, according to the agent.

“With the water, the views, and the lifestyle, Wynnum and Manly have never been more desirable,” Ms Chappell said.

“It’s the perfect spot for someone like Wally who clearly loves being near the ocean.”

The 65-year-old former Queensland and Australia captain, who played for Wynnum-Manly and the Brisbane Broncos, has echoed his on-field success in the property market, selling a Birkdale home with a pontoon, tennis court and pool for $2m more than he paid for it in 2020.

King Wally

Lewis has owned property in the area, where he also played and coached for Wynnum-Manly during his celebrated career

He had bought that waterfront parcel for just $275,000 in 1994 — the same year he played his final game for Queensland — and sold it for $2.27m.

“There were about 10 groups through, but everyone’s attention was on the stunning views and of course, Wally and his wife,” Ms Chappell said.

“He was so friendly, chatting to everyone and soaking up those views. You could tell he loved it.”

Hours later, the Broncos delivered a long-sought victory over Melbourne, storming back from ten points down in a season thriller led by Reece Walsh in a performance reminiscent of Lewis’ own match-turning feats.

Lewis described the views as priceless

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Set high on one of Wynnum’s most elevated streets, the double-storey home that cuaght The King’s eye had been renovated to capture sweeping views from both levels.

Features included 409sqm of living space with five bedrooms and three bathrooms, a 17m heated magnesium mineral lap pool with a splash zone, travertine bathrooms, and lush tropical landscaping.

The home will go under the hammer at Place’s flagship auction event, The Day, on October 25, where dozens of properties will be sold across Brisbane in what’s shaping up to be one of the agency’s biggest schedules of the year.

The home had been fully renovated

It offered spacious luxury living over two levels

Auctioneer and Place One Group principal, Sam Kelso, said the home had been a crowd favourite since launch, with buyer interest across the board reflecting Brisbane’s continued market strength.

“Buyer activity is thriving across Brisbane right now,” Mr Kelso said.

“There’s so much energy in the market, and when you combine a home like this with a view like that, it’s no wonder footy legends are looking for themselves.

“The Day always brings incredible momentum, and this one will be no exception.”

Records show the 2000-built home on a 506 sqm lot last sold in 2019 for $1.128m.

The property goes under the hammer on October 25 at 1pm.

The post Wally Lewis’ ‘priceless’ Grand Final house hunt appeared first on realestate.com.au.

October 6, 2025/0 Comments/by JKents
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Major banks reveal shock new timeline for mortgage relief

Australian homeowners hoping for a break in mortgage repayments this year may be in for disappointment.

ANZ has become the latest major bank to push back its forecast for the next cash rate cut, now predicting it will occur in February 2026.

This follows similar revisions from the Commonwealth Bank and National Australia Bank, both of which also expect a single cut early next year.

The Reserve Bank of Australia appears set to hold the cash rate steady for the remainder of 2025, leaving borrowers with little choice but to take control of their financial situation.

For homeowners, this means shopping around for competitive mortgage rates and exploring refinancing options could be the key to staying ahead.

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In just over a week, three of the big four banks have updated their cash rate predictions.

ANZ and CBA now expect a single rate cut in February 2026, while NAB forecasts the same in May.

Westpac remains the outlier, predicting three cuts – one in November 2025, another in February 2026, and a third in May 2026.

However, even Westpac’s economists admit a November cut is “far from assured.”

The shift in forecasts comes as inflation data continues to challenge expectations.

Supplied Real Estate Source: Canstar.com.au

Source: Canstar.com.au

Canstar.com.au data insights director, Sally Tindall said while forecasts can be wrong, the latest two rounds of monthly inflation data had cast a long shadow over the chance of a rate cut this year.

“ANZ is the third major bank to slam the door shut on expectations of a 2025 rate cut,” she said.

“Households waiting for the RBA to swoop in with a cut could be waiting a while. If you want to get ahead on your mortgage, take matters into your own hands by shopping around for a sharper rate.”

What does this mean for homeowners?

For the foreseeable future, borrowers will need to manage their mortgage repayments without the prospect of immediate rate relief.

With the cash rate likely to remain on hold, homeowners should focus on securing the best possible deal on their home loans.

According to Canstar.com.au, the lowest variable rate for owner-occupiers is currently 4.99 per cent, though this is typically reserved for first-home buyers.

Refinancers may find rates starting at 5.08 per cent.

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Supplied Real Estate Source: Canstar.com.au

Source: Canstar.com.au

For investors, variable rates begin at 5.24 per cent for principal and interest repayments or 5.39 per cent for interest-only loans.

“Owner-occupiers paying down their debt might be able to pick up a deal under 5.25 per cent, while investors can aim for under 5.5 per cent, particularly if they’re willing to pay both principal and interest,” Ms Tindall said,

“If you’re paying significantly more, it’s time to take action.”

Refinancing and sweeteners: Are they worth it?

While cashback deals are no longer as widespread as they were during the refinancing boom of 2023, some lenders are still offering incentives to attract borrowers.

Canstar.com.au’s analysis shows that 10 lenders currently provide cashback offers, with some offering up to $4000.

These deals can help cover refinancing costs and provide a financial buffer for households.

Frequent flyer points are another option for borrowers looking to switch.

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Supplied Real Estate grinch/rba artwork

Forget Santa! The RBA is tipped to bring coal this Christmas.

Four lenders, including CBA, now offer Qantas Points as part of their home loan packages. CBA’s recent entry into this space includes up to 300,000 Qantas Points for borrowers who apply online.

However, Tindall warned homeowners to focus on the bigger picture.

“With any upfront sweetener, borrowers should remember, free flights and cold hard cash might sound appealing, but the real savings typically come from securing a low interest rate, particularly on larger loans and especially if you’re unlikely to refinance regularly.”

The post Major banks reveal shock new timeline for mortgage relief appeared first on realestate.com.au.

October 6, 2025/0 Comments/by JKents
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How Seinfeld cast spent their millions on property portfolios

It was the TV show “about nothing” that became one of the greatest sitcoms of all time and a pop culture phenomenon.

Airing from 1989 to 1998, Seinfeld followed the misadventures of stand-up comedian Jerry Seinfeld and his close-knit circle: best friend George Costanza (Jason Alexander), ex-girlfriend Elaine Benes (Julia Louis-Dreyfus), and quirky neighbour Cosmo Kramer (Michael Richards).

Almost three decades since the series ended, the cast’s real estate moves have been anything but ordinary.

From luxurious penthouses to coastal retreats, the stars of the show have amassed impressive property portfolios worth a considerable fortune.

And it’s not just the main cast who have made savvy property plays. Seinfeld co-creator Larry David and even the show’s long-suffering mailman, Newman (played by Wayne Knight), have also built impressive real estate collections.

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1995 - Cast members of the televison program

Seinfeld aired from 1989 to 1998.

George and Jerry

Jason Alexander and Jerry Seinfeld on the set of the popular sitcom.

Here is a closer look at how the cast invested their millions, building a real estate empire that would leave their on-screen characters speechless.

Jerry Seinfeld

The show’s namesake and co-creator Jerry Seinfeld is the master of his domain, having amassed an impressive fortune.

According to Forbes, the comedian boasts a net worth of $US1.1 billion ($A1.6 billion).

A majority of the funnyman’s fortune stems from Seinfeld’s syndication profits, with the show earning an estimated $3 billion in re-run revenue since it went off-air in 1998.

Off screen, the entertainer has quite the real estate portfolio, owning several incredible properties.

His most famous residence is a sprawling 12-acre oceanfront estate in the exclusive Hamptons enclave of East Hampton, New York.

Purchased from music icon Billy Joel in 2000 for a cool $25.6 million ($A38.53 million), the property features a main house, three-bedroom guesthouse, a swimming pool and a baseball diamond that was added by the comedian, Realtor reports.

According to Architectural Digest, the house even has a $17,000 coffee maker.

Supplied Editorial Jerry Seinfeld is performing at the Adelaide Entertainment Centre on
 June 20, 2024. Source: Supplied

Jerry Seinfeld boasts a net worth of $US1.1 billion. Picture: Supplied

Seinfeld purchased his sprawling Hamptons home from fellow A-lister Billy Joel in 2000. Picture: Google Maps

Like his popular TV character, Seinfeld also has an Upper West Side apartment in New York.

In 1998, he purchased a ritzy duplex apartment in one of the Upper West Side’s most iconic buildings for $4.35 million ($A6.54 million).

The place has 3.6m-high ceilings, a 41sqm terrace, three bedrooms, and a fireplace. Residents have their own full-time doorman and a private gym.

A passionate car collector, he also reportedly owns a multimillion-dollar garage in Manhattan to house his prized Porsches.

The three-storey garage features four parking spots, an office, and a club room with pool table.

Seinfeld’s wife, Jessica, added this four-bedroom, waterfront home to the couple’s portfolio in 2010 for $1.05 million ($A1.6 million).

When the property was on the market over a decade ago, it was touted as offering a 30m-stretch of sandy beach and a lakeside gazebo.

Jerry Seinfeld homes. Pictures: Realtor.com

The comedian owns an apartment in New York’s iconic Beresford building. Picture: Realtor

Central Park bachelor pad

Before Seinfeld scooped up his massive Central Park West duplex, he lived in a smaller two-bedroom apartment with picture windows and a fireplace.

He sold the unit in the Bolivar building in 2006 for $2.5 million (A$3.8 million) — a bit above his asking price.

Hollywood Hills home

While filming his hit series, Seinfeld lived in a spacious Los Angeles mansion in the city’s upscale Bird Streets neighbourhood.

The lot included a four-bedroom, six-bathroom main house and a separate, one-bedroom guesthouse.

According to Forbes, the TV star bought the spot in 1992 for $2.8 million and sold it six years later for $3.2 million to a Seinfeld producer.

As for his Southern California holdings today, he likely owns a hangar at the Santa Monica Airport and a couple of other commercial properties, but little is known of his residential properties in the area.

Jerry Seinfeld homes. Pictures: Realtor.com

Seinfeld’s NYC garage. Picture: Google Maps

Colorado retreat

Seinfeld was also the long-time owner of a 27-acre compound in Telluride.

The Colorado vacation home resembles a ski lodge, with its 11 bedrooms, 13 bathrooms, yoga studio, gym, and floor-to-ceiling windows.

According to records, the actor purchased the property in 2007 for $7.55 million ($A11.4 million) and sold it in 2022 for $14 million ($A21 million).

Jerry Seinfeld homes. Pictures: Realtor.com

Jerry Seinfeld’s huge Colorado property that he sold in 2022. Picture: Realtor

Julia Louis-Dreyfus

With an estimated net worth of $US250 million ($A378 million), Julia Louis-Dreyfus, who portrayed the long-suffering Elaine Benes, has made her own mark on the property world.

Adding to her own considerable wealth, she is also the daughter of the late businessman Gérard Louis-Dreyfus.

The French-American financier was reportedly worth $US4 billion ($A6 billion) at the time of his death in 2016.

However, the actress denied reports that her father was a billionaire.

“Reports of my father’s wealth are, in fact, greatly exaggerated in the press,” she told The New Yorker in 2018.

“He’s referred to as a billionaire, and I’m referred to by some heinous term like ‘billionaire heiress’. It’s incorrect.

“My father — unfortunately — was never a billionaire. Far from it.”

USA actor Jerry Seinfeld (L) with Julia Louis Dreyfus (R) in scene from TV program 'Seinfeld'. / TV /programs /Titles/Seinfeld headshot actress series comedian

Julia Louis-Dreyfus portrayed the long-suffering Elaine Benes.

SNL50: The Anniversary Special

Louis-Dreyfus has made her own mark on the property world. Picture: Dimitrios Kambouris/Getty Images

Louis-Dreyfus and her husband, Brad Hall, own an eco-friendly oceanfront home in the celebrity hotspot of Montecito, California.

The four bedroom property features energy-efficient appliances, rooftop photovoltaics, solar water heating, ample natural daylighting, sustainable hardwoods, and a retractable sunroof or “thermal chimney” that draws hot air up and out of the home.

The couple also owned a residence in LA’s Pacific Palisades until it was destroyed in the 2025 Palisades Fire.

Prior to the fire, their house was worth at least $US15 million to $US20 million ($A22.7 million to $A30.2 million),

The pair bought the five-bedroom Mediterranean-style abode in the early 1990s, according to the Daily Mail.

6/2/97 Pacific Palisades, Calif This is the Pacifc Palisades home of TV actress Julia Louis Dreyfuss

Louis-Dreyfus’ residence in LA’s Pacific Palisades before it was destroyed in the 2025 Palisades Fire.

Jason Alexander and Michael Richards

Jason Alexander, best known for his role as the perennially frustrated George Costanza, has an estimated net worth of $US50 million ($A75 million).

He is notoriously private about his real estate holdings, though it is known that he resides in Los Angeles.

1997. Actor Jason Alexander who appears in the TV show 'Seinfeld'.

Jason Alexander is best known for his role as George Costanza.

The Paley Honors: A Special Tribute To Television's Comedy Legends - Arrivals

Alexander resides in Los Angeles. Picture: David Livingston/Getty Images

Michael Richards, the man who brought the eccentric Cosmo Kramer to life, has an estimated net worth of about $US30 million ($A45 million). He currently resides in Glendale, California.

According to public records, the actor paid $US525,000 ($A795,000) for a home in Studio City, California.

A few months after Seinfeld ended in 1998, Richards sold the home for $US810,000 ($A1.2 million).

He also owned a home in the Pacific Palisades, which he purchased back in 1996 for $US1.75 million ($A2.2 million).

The ​​Mediterranean-style house has full views of the Pacific Ocean from nearly every room and is now worth a reported $US8-10 million to ($A10-12 million).

Kramer and Bra

Michael Richards brought the eccentric Cosmo Kramer to life.

Actor Michael Richards.

Richards currently resides in Glendale, California.

Wayne Knight

Playing the show’s memorable mailman, Wayne Knight has an estimated net worth of $10 million ($A15 million).

In 1998, at the peak of his Seinfeld success, the actor purchased a home in the Toluca Lakes area of Los Angeles for $US1.35 million ($A2 million).

Today, the property is likely worth $US4-$US5 million ($A6-$A7.5 million).

Actor and comedian Jerry Seinfeld (r) with Wayne Knight in scene from the television program

Wayne Knight played Seinfeld’s nemesis Newman

Larry David

Seinfeld co-creator and the man behind the cringe-inducing antics of Curb Your Enthusiasm, Larry David, has a net worth estimated at a staggering $400 million ($A605 million).

The TV star’s fortune took a huge hit after his 2007 divorce from ex-wife Laurie David.

The Emmy-winner gave his former spouse half of his net worth at the time, roughly $US200-$US300 million ($A302-$A454 million).

Laurie also received future syndication royalties from both Seinfeld and Curb Your Enthusiasm.

HBO Presents A Special Screening Of

Larry David and Jerry Seinfeld. Picture: Stephen Lovekin/Getty Images

Richard Lewis and Larry David on Curb Your Enthusiasm. Picture: HBO

David has made some “pretty, pretty, pretty good” moves in the real estate market.

In 2014, the comedian sold a home in the Pacific Palisades neighbourhood for $US12 million ($A18.1 million).

The seven-bedroom property features ten baths, a pool, a large guesthouse, multiple fireplaces, a living room, a family room, and a dining room.

The funnyman snapped up a home in the same area in 2006 for $US10.35 million ($A15.6 million). He owns two other homes in the Palisades.

In February 2022, David splashed $US5.7 million ($A8.6 million) for a residence in Montecito, California. Less than a year later, he sold the home for $US6.9 million ($A10.4 million).

In 2014, the comedian sold a home in the Pacific Palisades neighbourhood for $US12 million. Picture: Realtor

David sold a home in Montecito, California for $US6.9 million in 2023. Picture: Jim Bartsch via NY Post

In September 2022 Larry bought a new Montecito mansion, setting him back $US7.6 million ($A11.5 million).

He also owns a modest property in Martha’s Vineyard, Massachusetts, which he bought in 2004.

Parts of this story first appeared in Realtor and was republished with permission.

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The post How Seinfeld cast spent their millions on property portfolios appeared first on realestate.com.au.

October 6, 2025/0 Comments/by JKents
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The anatomy of a viral real estate post (that also gets you clients)

Viral posts can generate attention, but the right ones also educate, connect and convert. Alyssa Stalker breaks down what makes content spread and still drives clients.

October 5, 2025/0 Comments/by JKents
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First-home dream achieved through discipline and sacrifice

AI Jobs Melbourne real estate case study

Paul Clark and Mikayla Tidd pulled off the impossible, grinding for more than a year to snap up their first home in Ferntree Gully. Picture: David Caird

Discipline, sacrifice and a willingness to compromise were the keys to breaking into Melbourne’s property market for a young couple who last week snapped up their first home in Ferntree Gully.

Paul Clark, who works in asbestos removal, and partner Mikayla Tidd, who juggles shifts at Woolworths with her role as a play therapy assistant for children with developmental disorders, bought in the outer east after a year of serious planning.

The pair deliberately moved before the federal government’s expanded First Home Guarantee came into effect this week, worried the scheme allowing people to buy with a 5 per cent deposit would drive up competition in the $700,000 to $800,000 bracket they were targeting.
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“We wanted to get in before demand really spiked,” Mr Clark said.

“The scheme’s great for people who are struggling with deposits, but borrowing more can bite you later.

“We figured, move early and be disciplined.”

Like many of their generation, the couple stayed at home to save.

AI Jobs Melbourne real estate case study

The couple chose Ferntree Gully over new estates, chasing land value and family connections instead of a far-flung postcode. Picture: David Caird

Both praised their parents for support while they put away a portion of every pay.

“We cut back on eating out and the impulse buys,” Mr Clark said.

“Once we realised we shared the same mindset, it felt achievable.”

Ms Tidd said their strategy was to rent out the home for a few years before moving in themselves after they marry.

“Our families encouraged us – if we’re saving properly, we can stay home longer,” she said.

“We have resisted pressure to buy further out in new estates, Paul has guided my perspective on that.

AI Jobs Melbourne real estate case study

First-home buyers are sacrificing smashed avo, nights out and backyard dreams to get a foothold in Melbourne’s property market. Picture: David Caird

“Friends have moved to Clyde North, Berwick and Pakenham to make it work, we wanted something still connected to our network and family, which is why Ferntree Gully made sense.”

Mr Clark said they both had to resist the temptation to chase perfection.

“Our generation can have champagne taste on a beer budget,” Mr Clark said.

“We had to remind ourselves to see potential, not just the finished look.”

Instead, they focused on land value and location, planning to add value with improvements over time.

“We’ll do improvements, not a bulldoze – the budget doesn’t stretch that far,” Mr Clark said.

AI Jobs Melbourne real estate case study

Juggling Woolworths shifts and play therapy work, Mikayla Tidd cut back hard to make the couple’s first-home dream a reality. Picture: David Caird

Asked what would make life easier for first-home buyers, Mr Clark said better education early on for young people.
“A clear due-diligence list would save a lot of pain. It’s easy for inexperience to miss big issues like foundations or defects.”

Ms Tidd said even non-financial support helps.

“Just knowing what to look for, and what to ignore, makes a huge difference,” she said.

Mr Clark said the biggest lesson from the process was sticking to the basics.

“Discipline beats hype,” Mr Clark said.

“Buy something solid, add value and stick to the plan.”


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.

MORE: $2.1m Melb shopfront’s secret feature revealed

Intriguing circus house seeks new ringmaster

$4.4m Vic golf lover’s paradise up for grabs

david.bonaddio@news.com.au

The post First-home dream achieved through discipline and sacrifice appeared first on realestate.com.au.

October 5, 2025/0 Comments/by JKents
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Why has housing inventory growth slowed?

Growth in total active inventory has been my favorite story for housing in 2025, but that inventory growth has slowed recently, and today’s Housing Market Tracker will focus on why. Inventory growth was running at 33% year over year a few months ago, but it dropped to 17.66% last week. Let’s find out what happened.

Weekly housing inventory data

In recent years, our inventory data has grown steadily in August, but this year it hasn’t. I initially believed that we had not yet reached the peak of active inventory in 2025, but I’ve been proven wrong. Now we are entering the phase where inventory typically experiences its seasonal decline.

What’s interesting is that inventory growth was excellent earlier this year, but I noted a change in housing dynamics starting in mid-June. Let’s connect the dots:

– Our new listings data peaked on May 23, which is the earliest time frame in recent history to have that occur. Additionally, we experienced no significant growth during the peak months of 2025.

– Also in May, some sellers didn’t get the price they wanted and started to withdraw their listings. Remember, most sellers are also homebuyers, and elevated mortgage rates probably discouraged some home sellers this year from keeping their homes on the market.

– Then mortgage rates started to creep lower, and they have now been below the key level of 6.64% for nine straight weeks, which has facilitated the best nine weeks of purchase applications data. Demand has picked up a bit, removing supply from the market more quickly.

Keep it as simple as that, and it can explain why the growth rate of inventory was excellent early in the year, but really started to slow at the midpoint in June.

  • Weekly inventory change (Sept. 26-Oct. 3): Inventory rose from 862,575 to 863,972
  • The same week last year (Sept. 27-Oct. 4): Inventory rose from 731,010 to 734,257

chart visualization

New listings data

The new listings data peaked during the week of May 23 this year, reaching a total of 83,143 listings. Since then, the number of new listings has gradually declined. This has been a significant factor in slowing inventory growth from its strong start. Usually, we see new listings data trending between 80,000 and 100,000 during the seasonal peak months, which didn’t really happen this year. 

For some perspective, during the years of the housing bubble crash, new listings were soaring between 250,000 and 400,000 per week for many years. Here’s last week’s new listings data over the past two years:

  • 2025: 64,328
  • 2024: 60,629

chart visualization

Price-cut percentage

In an average year, approximately one-third of homes experience price reductions. Homeowners often lower their sale prices when inventory levels increase and mortgage rates remain high, which is why the percentage of price reductions is greater in 2025 than it was last year.

For my 2025 price forecast, I anticipated a modest increase in home prices of approximately 1.77%. This suggests that 2025 will likely see negative real-home prices. In 2024, my forecast of a 2.33% increase proved inaccurate, primarily because rates fell to around 6% and demand improved in the second half of the year. As a result, home prices increased by 4% in 2024. The rise in price reductions this year compared to last year reinforces my cautious growth forecast for 2025. This data line growth rate has also cooled down recently.

Price cut percentage last week for the last two years: 

  • 2025: 41.8%
  • 2024: 39%

chart visualization

10-year yield and mortgage rates

In my 2025 forecast, I anticipated the following ranges:

  • Mortgage rates between 5.75% and 7.25%
  • The 10-year yield fluctuating between 3.80% and 4.70%

Last week was jobs week, but with the government shutdown, we didn’t have the final job reports for the week, which included jobless claims on Thursday and the big BLS jobs report on Friday, which the Fed tracks so closely. The 10-year yield didn’t have too much of a crazy week and ended the week at 4.12%.

Mortgage rates fell slightly this week from 6.38% to 6.34%, The two jobs reports we did have this last week — the job openings and the ADP report — were soft, which kept a lid on bond yields this week.

chart visualization

Mortgage spreads

Mortgage spreads have been the best story for mortgage rates in 2025. At one point this year, we were just 0.35% away from normal spread levels, and we reached 0.2% basis points away from my peak improvement forecast for 2025 for mortgage spreads.

Historically, mortgage spreads have ranged between 1.60% and 1.80%. If the spreads today were as bad as they were at the peak of 2023, mortgage rates would currently be 0.91% higher. Conversely, if the spreads returned to their normal range, mortgage rates would be 0.59% to 0.39% lower than today’s level. Normal spreads would mean mortgage rates at 5.75% to 5.95% today.

chart visualization

Purchase application data

Purchase application data last week declined 1% week to week, while showing 16% growth year over year. 

Here is the weekly data for 2025 so far:

  • 19  positive readings
  • 13 negative readings
  • 6 flat prints
  • 35 straight weeks of positive year-over-year data
  • 22 consecutive weeks of double-digit growth year over year

Since mortgage rates fell below 6.64% and headed toward 6% — the key level I have talked about for years — the weekly data has had:

  • 7 positive weeks
  • 2 negative weeks
  • 9 straight weeks of double-digit growth year over year

We typically require about 12-14 weeks of consistent, positive weekly purchase app data to have a material impact. The last nine weeks have been the best of the year in terms of week-to-week data. Purchase apps look out 30-90 days to sales.

chart visualization

Weekly pending sales

Our weekly pending home sales provide a week-to-week glimpse into the data, although pending sales can be influenced by holidays and short-term fluctuations. We are still showing slight year-over-year growth in this data line. The pending sales data will typically be reflected in the existing home sales report 30-60 days after the sale is finalized. Last week was our highest weekly pending home sales data for this calendar year since the market crash in 2022.

Weekly pending sales for last week:

  • 2025: 64,232
  • 2024: 61,043

chart visualization

The week ahead: Fed speeches and government shutdown news?

Assuming the government remains shut down, we won’t get the jobless claims report. We will still have some bond auctions and a multitude of Fed members speaking. On the economic front, not much will change for the weekly calendar, but we will be keeping a close eye on any news regarding the reopening of the government.

On the housing front, the longer this shutdown lasts, the more delays can occur in closings. It’s a big week to see which party blinks first, but the following week is inflation week, and both the CPI and PPI inflation reports come from the government, so if the shutdown continues, we won’t have those data lines to report.

October 5, 2025/0 Comments/by JKents
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Oak Park auction ends in emotional $861k result

Crowds gathered as vendors Jackie and Dominic Stephenson farewelled their first home in an emotional Oak Park auction that ended at $861,000.

An Oak Park couple has farewelled their first home in a heartfelt auction that drew strong bidding and ended with a first-home buyer seizing the keys.

For Jackie and Dominic Stephenson, Saturday’s auction at 4/16 Albert St marked the close of a deeply personal chapter.

“We’re really happy,” Mrs Stephenson said.

“It was a very competitive campaign and we couldn’t have asked for more.”
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The couple bought the three-bedroom rear villa before the pandemic and lived through Melbourne’s lockdowns there, even marrying while in residence.

“We even got married while living here, so the house has been a huge part of our lives,” she said.

They said the outdoor entertaining space would be hardest to leave behind.

Light-filled living zone flows to the courtyard that set the scene for the $861,000 auction result.

Stone-topped kitchen with stainless-steel appliances anchors the villa’s bright open-plan layout.

“The courtyard, without a doubt. We’ve had so many summer nights out there with the pizza oven and barbecue going,” Mrs Stephenson said.

Knowing the villa sold to another young buyer softened the farewell.

“It’s wonderful knowing the buyer will live in it and hopefully love it as much as we did,” she said.

Dominic added the sale was about looking forward.

“Selling this home was part of the bigger plan so we could move forward,” Mr Stephenson said.

Spacious main bedroom with built-in robe and private ensuite.

Fully tiled bathroom with walk-in shower and sleek modern finishes.

“Now that it’s done, we’re excited to get the keys to the new place and start the next chapter.”

Bidding opened at $750,000 and climbed to $861,000, where the hammer fell to first-home buyer Laura.

Ray White Glenroy’s Abdullah El Hosari, said it was an honour to represent the sellers again.

“They were selling their pride and joy, and it turned into a really heartfelt and emotional auction,” Mr El Hosari said.

Fairy-lit courtyard proved a crowd favourite, the heart of the home and the highlight of auction day.

The result comes as the federal government’s expanded First Home Guarantee scheme kicks in, allowing more buyers to enter the market with a 5 per cent deposit and no lenders’ mortgage insurance.

Mr El Hosari said he’s expecting the market to continue to grow.

“Confidence is back,” he said.

“The numbers through inspections are stronger, and I expect we’ll see even bigger crowds in this price bracket over the next few weeks.”

He said Melbourne’s northern suburbs were gearing up for a bumper finish to the year.

“We’ve come through a tough patch, but there’s a clear upturn now,” Mr El Hosari said.

“October and November is shaping up to be a blockbuster end to the year.”


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 Oak Park auction ends in emotional $861k result appeared first on realestate.com.au.

October 5, 2025/0 Comments/by JKents
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