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Debate erupts as NSW falls short of housing approvals target

New figures have revealed the extent of NSW’s housing supply struggles and reignited debate among politicians and industry leaders around reforms to the housing approval process.

Housing approvals in NSW increased by 30 per cent in September, according to new data from the ABS.

Despite 4,800 new dwellings being approved over the month, the state remains significantly behind its National Housing Accord target of 75,000 new homes for the year.

According to ABS data, 40,449 dwellings were approved from January to September 2025, or 53.93 per cent of the annual target.

HOUSE PRICES

NSW is falling short of its housing approval targets. Picture: NCA NewsWire/Gaye Gerard.

Property Council NSW executive director Anita Hugo said housing approvals were “only the first step in the pipeline for completed homes”.

The new figures have heated up discussions around The Environmental Planning and Assessment Amendment (Planning System Reforms) Bill 2025, which is set to be presented before Parliament next week.

Ms Hugo said under the Bill, a new Development Coordination Authority would centralise agency referrals and approvals, the Housing Delivery Authority would be enshrined in law and a Targeted Assessment Pathway would be introduced for straightforward applications.

“This Bill addresses the system’s biggest pain points – long delays, inconsistent decisions, and a lack of clear co-ordination,” she said.

“This is not the time for delay – the Bill before Parliament next week is the circuit-breaker NSW needs.”

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PREMIER MODULAR HOUSING

The Minns Government has proposed major reforms to the housing approval process. Photo: NewsWire/Gaye Gerard.

Ms Hugo said the reforms would help “clear the backlog” and fast-track projects.

“The choice before Parliament next week is simple,” she said, “act now or accept that housing supply will continue to fall short and affordability will worsen.”

New ABS figures also revealed the increasing costs of building new homes.

Master Builders NSW executive director Matthew Pollock said the industry was facing “increased cost pressures on the construction of apartments and non-residential construction.”

“On average, input costs into apartments jumped by 3.8 per cent over the year to September 2025,” he said.

“Rising costs are continuing to place pressure on the feasibility of projects, particularly high-rise residential developments which combined with building completion times of over three years pose a too often insurmountable challenge to getting these projects out of the ground.”

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Master Builders Tasmania Feb snapshot

Master Builders NSW executive director Matthew Pollock. Picture: Chris Kidd.

Mr Pollock said the Minns Government’s proposed planning reforms, which are currently being blocked by the Greens, will cut red tape and speed up the pace of housing construction if passed by Parliament.

“Master Builders call on the Greens to be builders not blockers and pass these vital planning system changes when the NSW Parliament resumes sitting next week.”

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Construction of Residential Apartment Buildings In Sydney

ABS figures have also revealed increases in the costs of building apartments. Picture: Brendon Thorne/Bloomberg via Getty Images.

In an October statement, Greens MP Sue Higginson called the Bill “the most dangerous change to our planning system we have ever seen,” describing it as “a developer’s charter”.

“It will open the door for damaging projects to be forced onto communities, strip out safeguards for biodiversity and climate, and put people at greater risk from fire and unsafe development,” she said.

MORE: ‘Fed up’: Sydney buyers bidding big to avoid auctions

BUDGET ESTIMATES

Greens MP Sue Higginson has staunchly opposed the latest proposal to reform the Bill. Picture: NewsWire/Gaye Gerard.

According to Ms Higginson, the Bill removes the requirement for bushfire hazard assessments, which she said “leaves communities more vulnerable at a time when fire risk is intensifying across NSW”.

Ms Higginson said the Bill “undermined the protection of First Nations cultural heritage”.

“By funnelling approvals into the Development Coordination Authority, expert advice from Heritage NSW and the voices of Land Councils and Native Title holders will no longer be guaranteed a statutory role in decision-making,” she said.

MORE: Nine in 10 homeowners facing ‘mortgage nightmare’

The post Debate erupts as NSW falls short of housing approvals target appeared first on realestate.com.au.

November 5, 2025/0 Comments/by JKents
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Sleep at WACA: Mike Hussey to host exclusive Ashes glamping op

Stay overnight at the WACA and play backyard cricket with Mike Hussey (MUST CREDIT Rachel Claire) - for herald sun real estate

Stay overnight at the WACA and play backyard cricket with Mike Hussey. Picture: Rachel Claire.

Cricket fans are being offered a rare chance to spend the night at the WACA and get woken up by champion player Mike Hussey during the first Test in The Ashes series later this month.

It includes a night sleeping in a glamping tent on the field, a game of backyard cricket with Hussey as well as tickets for Day 2 of the test at nearby Optus Stadium.

Guests will stay at the ground for the night after day one of the Test series on Friday, November 21, have a tour of the ground and dinner in the Bradman Room, as well as several hours spent with the cricketing legend known as Mr Cricket — once he wakes them up the next morning.

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“I will be banging on the tent, saying let’s go at 6.30am,” Hussey said.

“Then it’s brekkie and some backyard cricket, and I’m hoping I can show them the old score board, too.”

The promotion is being run by Airbnb who will open a single booking of an up to four-person group from noon on November 7, with the spot to be first come first served.

There is no price set for the occasion, though fans must get to the ground themselves.

Stay overnight at the WACA and play backyard cricket with Mike Hussey (MUST CREDIT Rachel Claire) - for herald sun real estate

Mike Hussey has done many memorable things at the WACA, but hosting a round of backyard cricket is not among them. Picture: Rachel Claire.

Stay overnight at the WACA and play backyard cricket with Mike Hussey (MUST CREDIT Rachel Claire) - for herald sun real estate

The luxury glamping space that four cricket fans will get access to for the night. Picture: Rachel Claire.

Hussey played 79 Test matches as a batsman for Australia and was added to the Australian Cricket Hall of Fame in 2023, and said he would be sharing memories of his cricket career with the guests.

“What better way to kick off the 2025 Ashes series than with an exclusive stay on the famous WACA Ground in my home town, Perth,” he said.

While he’s stayed in a few interesting spots over the years, including old roadside dongas while driving up the Western Australian coast, Hussey said he’d never spent the night anywhere as exclusive as the WACA.

“This is a once in a lifetime opportunity to sleep on the hallowed turf,” he said.

“And you are in with all the memorabilia.”

Mike Hussey’s Backyard Cricket Tips

– You need electric tape on one side of the tennis ball;

– Have some music going in the background;

– Having a barbecue cooking is also vital;

– A full esky is also very important;

– Take care of all of the above, and the cricket will take care of itself;

– Over the fence is six and out, but that’s less likely if you’re on the WACA;

His tip for breakfast ahead of watching a full day of Test cricket was to go big with bacon and eggs, maybe some sausages, as well as tomato, avocado and mushrooms on sourdough toast slices.

WA Cricket chief executive John Stephenson said with Cricket Australia stats showing 42,000 tickets have been sold for the Test series opener, including 18,000 tickets bought by interstate and overseas fans, high demand was expected for accommodation in Perth.

“In collaboration with Airbnb, we’re opening our doors in a new and exciting way – giving

fans a chance to wake up where sporting magic happens and experience the traditions

that make cricket so special,” Mr Stephenson said.

Airbnb Australian country manager Susan Wheeldon said they were expecting a surge in activity for the much anticipated test series, with demand for Perth residences on the site doubling from international searches compared to the same time in 2024.

Stay overnight at the WACA and play backyard cricket with Mike Hussey (MUST CREDIT Rachel Claire) - for herald sun real estate

A piece of the WACA’s outfield will be set aside for the overnight stay. Picture: Rachel Claire.

Stay overnight at the WACA and play backyard cricket with Mike Hussey (MUST CREDIT Rachel Claire) - for herald sun real estate

The guests might have to avoid the temptation for a late night, with the ground needed for day two of the Test the next morning. Picture: Rachel Claire.

“Major events such as The Ashes bring people together from around the world and

present a fantastic option for those looking to pocket some extra cash and offset other

holiday expenses,” Ms Wheeldon said.

The Perth test match helped accommodation providers working with Airbnb earn an average $915 during last year’s Ashes test in WA.

The firm’s sports tourism report has found 70 per cent of Aussies would travel for a sporting event.

Hussey said travelling fans were a huge part of the game for Australia’s cricketers.

“Those fans are awesome, particularly the overseas travellers,” he said.

“When you are in England, you cop plenty of stick, so it’s nice when you do get some fans cheering you.

“And often you do get to meet them at the pub or a hotel, and it definitely makes a difference as a player. You know there are people watching you 1000s of miles away, but knowing there are there at the ground too, it pushes you on to go that extra mile.”

Stay overnight at the WACA and play backyard cricket with Mike Hussey (MUST CREDIT Rachel Claire) - for herald sun real estate

Once Hussey has called stumps, there’s scope to fire up a movie for the night. Picture: Rachel Claire.

Stay overnight at the WACA and play backyard cricket with Mike Hussey (MUST CREDIT Rachel Claire) - for herald sun real estate

Getting a great seat at the cricket is a constant pursuit for fans. Getting a great sleep would put you in fairly rare company. Picture: Rachel Claire.

The cricket champ pointed to a particular T20 semi-final against Pakistan in the West Indies, a match where Australia had three overs to chase another 50 runs.

It was a tall order, but every time he looked to a particular part of the ground there was a crowd of Aussie fans.

“They were just going nuts every time we hit a four or a six, and seeing them jump around did push us on — and we did get over the line,” he said.

Separate data from commercial real estate firm CBRE shows rugby fans following the British and Irish Lions tour of Australia in winter added $42m to hotel revenues across Brisbane, Melbourne and Sydney earlier this year.

Their report also found hotels reached 89 per cent of capacity in Brisbane during the peak of the sporting series, while Melbourne’s reached 91 per cent and Sydney topped out at 93 per cent.


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The post Sleep at WACA: Mike Hussey to host exclusive Ashes glamping op appeared first on realestate.com.au.

November 5, 2025/0 Comments/by JKents
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Australia’s ‘divorce capital’ revealed — and it’s not where you think

Bride and groom figurines collapsed at ruined wedding cake

A new study reveals where you live could impact your relationship.

It’s official — the couples of north Queensland’s Douglas Shire are the unhappiest in the country.

The region has been crowned Australia’s least happy place for couples, topping a nationwide analysis measuring divorce and separation rates along with the number of Google searches related to breakups and divorce.

Douglas, home to the tourist hub of Port Douglas, scored zero on the relationship happiness scale in the study by wellness brand, Simply Nootropics — with a divorce rate nearing 12 per cent, a 3.9 per cent separation rate, and one of the highest volumes of divorce-related searches per capita in the country.

Douglas Shire, which includes Four Mile Beach in Palm Cove, is home to the unhappiest couples in the country according to new analysis.

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Family lawyer Vanessa Hernandez said Douglas’s demographics and isolation may be working against it.

“Demographically, Douglas has a strong agricultural base, and some tourism due to being near the Great Barrier Reef,” she said. “Being more isolated in a rural town would play a big role on the health of the local relationships.

“High population growth in Queensland and housing insecurity could also be putting additional pressure on couples — particularly young and less established couples — to put down roots and draw on community support at a time when they may also be facing more financial stress.”

Where Australia’s Unhappiest Couples Live
1 Douglas, QLD
2 Collie, WA
3 Claremont, WA
4 East Fremantle, WA
5 Hinchinbrook, QLD
6 Mosman Park, WA
7 Ararat, VIC
8 Hunters Hill, NSW
9 Blayney, NSW
10 Bassendean, WA
Source: Nootropics

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While Queensland took out the top spot, Western Australia dominated the rest of the list, claiming five of the top 10 unhappiest regions.

Among them were Collie and Claremont, which both landed in the top three, along with East Fremantle, Mosman Park and Bassendean — all posting high rates of divorce-related searches and low relationship satisfaction scores.

Ms Hernandez, head of family law for Australian Family Lawyers, said the pattern reflected the economic and social pressures unique to each state, including money worries, fly in-fly out (FIFO) work structures, and social pressures.

Suburb Snapshot Claremont

Claremont in WA has been identified as one of the suburbs with the unhappiest couples.

“As for why WA and QLD are leading the nation in the numbers of least happy marriages and fastest relationship breakdowns, respectively, we need to consider each state’s unique economic and social pressures,” she said.

“For example, WA has a large resource-based workforce with the number of workers in FIFO arrangements, which could put significant strain on relationships and families. They’re dealing with long periods of separation and the stress of working in a demanding industry which would understandably make it difficult to maintain a healthy relationship.”

On a brighter note, seven out of 10 of Australia’s happiest marriages are based in New South Wales.

Where Australia’s Happiest Couples Live
1 The Hills Shire, NSW
2 Ku-ring-gai, NSW
3 Lane Cove, NSW
4 Bayside, VIC
5 Joondalup, WA
6 Hornsby, NSW
7 Northern Beaches, NSW
8 Mundaring, WA
9 Camden, NSW
10  Sutherland Shire, NSW
Source: Nootropics

The Hills Shire takes first place with a happiness rating of 100, and 66 per cent of its population married, and just over 5 per cent divorced. Ku-ring-gai comes in second and Lane Cove rounds out the top three.

Other high-ranking areas include Bayside in Victoria, Joondalup in Western Australia, Hornsby in New South Wales, and the Northern Beaches.

“One possible explanation can be attributed to the fact that Australians are getting married later on in life when they are more mature and established financially and socially,” Ms Hernandez said.

Spotlights Suburbs

The Hills District in NSW is home to the happiest couples in Australia, a new study shows.

“Couples that do marry tend to work well together and have better communication which reduces common stressors that can strain relationships, like finances and differences in lifestyles and values.

“Drilling down into the data, Lane Cove does seem to have a good sense of community. But probably more importantly, it’s wealthy. The median household weekly income was $2,539. “This difference is also reflected in the high real estate prices, with the median mortgage payment in Lane Cove being $2,905 per month, compared to the national median of $1,863.”

This property at 24 Bridge Street, Lane Cove, sold earlier this year for $6.575m — a new suburb record for Lane Cove.

Neuroscientist and longevity researcher Dr Brian Ramos, from Simply Nootropics, said the findings were about more than just relationship drama — they could have real implications for long-term brain health.

“Studies like this one offer a glimpse into how companionship is faring across Australia,” Dr Ramos said.

“The quality of our closest relationships, particularly marriage, has a powerful impact on brain health and resilience as we age.

The post Australia’s ‘divorce capital’ revealed — and it’s not where you think appeared first on realestate.com.au.

November 5, 2025/0 Comments/by JKents
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Pup property package offers paw-fect lifestyle

No.170 Van Morey Rd, Margate. Picture: Supplied

A lifestyle property in a desirable suburb with a thriving business opportunity on over 5 acres of land — properties that fit this bill are impossible to find.

Here in Margate — 10 minutes from Kingston, 22 to Hobart — is a property that ticks all of those boxes.

Nest Property agent Gary Reeves said No.170 Van Morey Rd is a versatile property with a lot to offer.

Mr Reeves said it would be ideal for animal lovers, hobby farmers, or anyone seeking to work from home in a peaceful, semirural environment.

A key highlight is the fully licensed dog resort business, available to purchase as a going concern. With custom-built infrastructure, an excellent reputation, and established clientele, it’s ready for new owners to walk in and continue operations.

There’s also scope to expand into doggie daycare, a cattery, or alternative ventures such as storage facilities (STCA).

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No.170 Van Morey Rd, Margate.

No.170 Van Morey Rd, Margate.

“The Margate Country Dog Resort Business is being sold with the property purchase,” he said. “It could be leased to any new operator.

“This property is unique as it has a tremendous, well-established history with the quality of boarding kennels and doggie daycare.

“It is registered for 20 dogs.”

The property’s three-bedroom main residence exudes warmth and character, featuring Tasmanian oak floorboards and a renovated kitchen with stone benchtops.

There is an easy flow into a spacious open-plan family living area where floor-to-ceiling stacker doors open to a large, covered deck — the perfect spot to entertain or relax while overlooking the surrounding landscape.

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No.170 Van Morey Rd, Margate.

No.170 Van Morey Rd, Margate.

The main bedroom has the luxury of a walk-through wardrobe and an ensuite.

A separate lounge and defined dining area provide flexibility for family living or entertaining.

Outdoors, the property is divided into paddocks with animal shelters and a spring-fed dam, making it ideal for horses, small livestock, or hobby farming.


Adding further versatility, a separate one-bedroom self-contained cottage provides accommodation for a kennel manager, extended family, or a rental income opportunity.

Both homes and the kennel facilities are supported by solar systems, enhancing the property’s efficiency and sustainability.

No.170 Van Morey Rd, Margate.

No.170 Van Morey Rd, Margate.

Mr Reeves said the property appeals to a wide range of buyers.

“Lifestyle buyers love the Margate area for many reasons, including the proximity to Hobart, Bruny Island and Huonville,” he said.

“The Kalis Group new shopping centre is currently filling with new business; plus the proposed new Woolworths supermarket to be built at the rear of the shopping centre adds appeal for people when looking at properties in this area.”

No.170 Van Morey Rd, Margate is priced at “Offers over $1.7m”.

The post Pup property package offers paw-fect lifestyle appeared first on realestate.com.au.

November 5, 2025/0 Comments/by JKents
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What the World Series can teach agents about consistency, coaching and closing

Championships aren’t won in a moment. They’re won in the everyday decisions made by players and coaches. Troy Palmquist and Matt Richling share how to craft your winning moment.

November 5, 2025/0 Comments/by JKents
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Tom Busby of Busby Marou lists Qld house ahead of solo tour

Voice

Tom Busby (left) and Jeremy Marou performing in Brisbane. Picture: Liam Kidston

Musician Tom Busby’s waterfront property has hit the market just days after the Busby Marou star launched his first-ever solo tour.

Located at Currumbin Waters, the property was listed for sale by expressions of interest on October 28 with Realty Blue Burleigh agents Mick and Mitch Brace.

The listing went live just days after Busby stepped out on his own for the first time at the Lighthouse Rock Festival at Burnett Heads in Queensland on October 18, 10 days before his Gold Coast property hit the market.

He will set off on his solo The Lottery Tour, which kicks off in Sydney on November 7.

He then plays at Buttai, Wollongong and Murwillumbah in NSW, Brisbane and the Gold Coast in Queensland, and Bellarine, Castlemaine and Melbourne in Victoria.

His debut album Rockhampton Hangover is available to order online now.

Busby and Jeremy Marou, both from Rockhampton, recorded their debut album The Blue Road under the name Busby Marou at Pete Murray’s personal studios in Byron Bay in 2007.

It was produced by Anthony Lycenko who has worked with artists such as Murray and David Bowie.

Busby Marou at the Big Red Bash: TEQ

Busby Marou were revered for their folk, soul, and roots-driven style.

Busby and wife Huma bought the Currumbin Waters property for $743,000 in May 2016, listing it for rent at $1000 a week in April last year, according to publicly-available property records.

The Currumbin Waters house has water views

“This architecturally-designed home reflects coastal chic and sophisticated design,” the sale listing says.

“Abundant natural light and serene water views enhance an overall feeling of relaxed luxury. “Each element has been meticulously considered and the home is finished with premium materials.”

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And an outdoor kitchen

The waterfront home features five bedrooms, three bathrooms, a chef’s kitchen, a whiskey bar, heated pool with a sundeck and water views, and a heated outdoor copper shower.

And open plan living spaces

The whiskey bar

Other features include a indoor atrium feature, a private pontoon, an outdoor BBQ, outdoor blinds and a heater and a solar system.

The statement atrium

The post Tom Busby of Busby Marou lists Qld house ahead of solo tour appeared first on realestate.com.au.

November 5, 2025/0 Comments/by JKents
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‘Buyer beware’ meets ‘seller reveal’ for townhouse deals in New York

New York townhouse buyers gained a new window on property conditions thanks to a regulatory change last year that makes filling out the New York property condition disclosure statement (PCDS) mandatory for sellers of existing one- to four-family properties.

The PCDS does not apply to condos or co-ops, or townhouses being sold through an estate, where presumably the heirs cannot supply this information.

As of March 2024, a seller can no longer provide a $500 credit to a buyer in lieu of filling out a PCDS, which has been an option for the past 20 years. They must fill out the form in full, and that means answering 56 questions, including the year the property was built, last service dates for mechanical systems, and the age of the roof.

There are also questions about a history of flooding, pest infestations, and fire or smoke damage. For most of these questions, answers are a choice of yes, no, unknown, or not applicable.

New responsibilities for townhouse sellers

The change has created several new conversation topics and challenges that weren’t previously part of the typical transaction process, according to Steven Tanen, a townhouse expert and attorney at Starr Associates.

Sellers are required to fill out the form to the best of their knowledge, and it must be attached to the contract of sale. However, a seller who knowingly fails to provide information to a buyer can be liable for actual damages suffered by the buyer. In response, contracts are also being drafted and negotiated differently.

Seller’s attorneys are including strict language in contracts to protect clients to avoid liability, regardless of how well their client knows the property, Tanen said. Some attorneys will bar or limit a buyer’s right to sue under the act, for example, shorten the amount of time a buyer can file against a seller, he said.

“There’s no uniformity to this new language,” he said. “Each attorney has their own way of disclosing the amendment to the property condition disclosure act and [way] to limit their client’s liability from a misstatement. Some are going as far as including language that states a buyer is buying ‘as-is’ when that may not be the case,” he added.

The importance of inspection reports

However, Tanen and other attorneys said buyers should not rely exclusively on the information in a PCDS.

“Inspections are going to tell a buyer everything they need to know about the property they intend to buy, including the age of the more expensive parts [and] systems of the home,” he said.

He said a buyer should pay attention to discrepancies between the inspection report and a seller’s answers on the PCDS. One example could be the maintenance of the heating and cooling system. If a seller notes on the PCDS that they had the system recently serviced, but the inspection report indicates that it requires service, it can lead to a credit to have the system serviced or the seller agreeing to service the system prior to closing.  

Buyers also need to be aware that lenders may want to see the disclosure form. If you’re getting a loan, your attorney needs to help you understand how this may impact your financing, he said.

More work for townhouse sellers

Attorney Caryn Ettinger-O’Brien, counsel in the real estate practice at Tannenbaum Helpern, said she hasn’t seen any litigation yet involving an updated PCDS. “We have not come across anyone suing yet. It’s too new,” said Ettinger-O’Brien, who published a breakdown of what buyers and sellers need to know about changes to the PCDS.

A seller or a broker representing a seller needs to be aware of the new responsibilities, because the form takes time to fill out.

“A seller can only answer the PCDS to the best of their knowledge,” Ettinger-O’Brien said. “Some may have lived there for 25 years and know everything. Others may be selling an investment property,” and not know the details. What’s more: “A seller does not have an obligation to do an inspection to address this statement,” she added.

“But if you had a leak, and hired someone to fix that leak, you can’t answer ‘you don’t know’ in response to questions about leaks,” she said.

Extreme weather and property damage

The change to the form was prompted by the increasingly frequent and extreme weather New York saw with Hurricane Ida and other events

“Many properties suffered damage or mold,” Ettinger-O’Brien said. Governor Hochul’s message was in essence: “you can’t dodge these questions for $500” any longer. The form “forces sellers to disclose whether there is mold in the basement,” she added. It provides an “extra layer of information for buyers to process.”

Still, there are always going to be blind spots. Maybe a seller doesn’t have all the information or their seller provided a $500 credit in lieu of filling out the form. And inspections don’t always turn everything up. Sometimes they indicate further inspection is needed and buyers may not be willing to pay for it.

Chipping away at ‘buyer beware’

A “buyer beware” doctrine used to be predominant in New York State. It shifted when the Property Condition Disclosure Act was originally signed into law in November 2001 by Governor George Pataki.

The act required sellers of one- to four-family properties to provide a 48-question PCDS to prospective purchasers outlining a property’s defects. However, sellers could opt to give a $500 credit to buyers instead of filling out the form.

Bottom line

Tanen said the change creates more transparency. “You get a bigger picture of what you’re buying—it’s a pretty detailed form. It’s good to understand what the seller thinks about what they’re selling in addition to the inspection.”

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November 5, 2025/0 Comments/by JKents
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Knock debuts new buy-before-you-sell bridge loan

Knock, a real estate technology company that helps homeowners buy before they sell, is launching a new loan product. On Tuesday, the company announced the debut of Knock Bridge Loan Plus. 

The new offering provides the same benefits as the company’s original bridge loan product. This includes its guaranteed backup offer program and the same one-time, 2.25% fee through the end of the year while supporting a broader range of loan programs, including U.S. Department of Veterans Affairs (VA) loans, according to Knock.  

The financing option pays off the homeowner’s existing mortgage upfront, eliminating double mortgage payments and allowing buyers to unlock more purchasing power.

According to a company press release, by paying off their current mortgage, homeowners can release the equity they have tied up in their current home while eliminating their monthly mortgage payment as they try to qualify for a mortgage on their new home. 

“The Knock Bridge Loan Plus gives homeowners more financial breathing room, more choice in lenders and a faster path to their next home,” Sean Black, the co-founder and CEO of Knock, said in a statement. “It embodies our mission to put consumers first by removing friction and complexity from the homebuying process while empowering our partners to serve more buyers with less hassle.”

The company said the new offering builds on its existing $100 million bond issuance that unlocked $900 million in new lending capacity. Knock said this additional capital allows it to offer more cash upfront to consumers and support a wider range of loan programs. Knock loan products are currently available in 25 states and Washington, D.C.

Knock announced in June 2024 that its bridge loan product was being integrated into the borrower application process at Baltimore-based NFM Lending.

Knock also announced an increase on its maximum bridge loan amount to $1 million, up from the previous limit of $750,000. It’s designed to expand purchasing power for homebuyers in higher-priced markets like California and Washington.

November 5, 2025/0 Comments/by JKents
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Inside Desperate Housewives cast’s multimillion-dollar property portfolios

It was the hit TV series that brought drama, dark secrets and designer clothing to Wisteria Lane for eight seasons.

But behind the scenes, the leading ladies of Desperate Housewives were quietly building high-end property portfolios, translating their on-screen success into real estate gold.

The series, which aired from 2004 to 2012, was a global phenomenon, and the stars commanded staggering salaries, providing the launch pad for their savvy investments.

By the show’s peak, the four main actresses were among the highest-paid on television.

According to media reports, Eva Longoria, Teri Hatcher, Felicity Huffman, and Marcia Cross were each earning an estimated $US375,000 ($A572,000) to over $US400,000 ($A610,000) per episode in the later seasons.

Nicollette Sheridan reportedly earned $US175,000 ($A267,000) per episode before her contract was not renewed.

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2004 Actresses Felicity Huffman, Teri Hatcher, Marcia Cross and Eva Longoria of the TV series

Desperate Housewives aired from 2004 to 2012.

Here’s a closer look at the financial success of the show’s cast and their property portfolios.

Felicity Huffman (Lynette Scavo)

Felicity Huffman has a net worth of $US45 million ($A68 million), with an impressive real estate portfolio.

The award-winning actress and her husband, actor William H. Macy sold a mountain retreat near Basalt, Colorado for $US3.9 million ($A5.9 million) in 2015.

The couple also own a replica of Huffman’s childhood home in Little Woody Creek, Colorado.

Desperate Housewives (Monday, June 25, 2007: 8.30pm): Gaby's engagement party is upstaged by an unexpected announcement.

Felicity Huffman (right) has a net worth of $US45 million.

The award-winning actress and her husband, actor William H. Macy sold a mountain retreat near Basalt, Colorado for $US3.9 million in 2015. Picture: Realtor

When Desperate Housewives ended, the pair snapped up a five-bedroom home in the Outpost Estate neighbourhood in Los Angeles.

They bought the house next door to their Hollywood Hills home, which gave them a three-acre compound with two main houses. The combined lot is worth $US8-10 million ($A12 -$A15 million).

The couple also own a replica of Huffman’s childhood home in Little Woody Creek, Colorado. Picture: Supplied

The combined Hollywood Hills compound is worth $US8-10 million. Picture: Google

Huffman became the centre of scandal in 2019 when she was arrested in relation to the US’s college admissions scandal.

The scandal involved celebrities and other wealthy Americans using their wealth to bypass college admissions process and buy their children into the country’s top schools.

Huffman pled guilty to conspiracy to commit mail fraud spent two weeks in prison.

Eva Longoria’s onscreen husband in Desperate Housewives, Ricardo Chavira, made headlines after claiming publicly that Huffman’s short prison sentence was an example of “white privilege”.

Eva Longoria (Gabrielle Solis)

With a net worth of $US80 million ($A122 million), Eva Longoria has made a name for herself as a savvy real estate investor.

In 2015, the actress snapped up a Hollywood Hills compound for $US11.4 million, ($A17.3 million) previously owned by Tom Cruise, and sold it in 2020 for $US8.2 million ($A12.5 million).

She also owns a gated residence in Zuma Beach, Malibu, purchased in 2008 for $US2.5 million ($A3.8 million), and a property in San Antonio that houses her charity, Eva’s Heroes.

The Young and the Restless alum bought a Beverly Hills mansion in 2017 for $US13.5 million ($A20.5 million). It hit the market in 2023 for nearly $US23 million ($35 million).

She later slashed the price to $US18.98 million ($A30 million) in May 2024.

Despite her success, Longoria claims to have endured a difficult team on set during her Desperate Housewives era.

2004 - Actor Ricardo Antonio Chavira and actress Eva Longoria in the TV show

Eva Longoria (left) has made a name for herself as a savvy real estate investor.

The Young and the Restless alum’s Beverly Hills mansion hit the market in 2023 for nearly $US23 million ($35 million).

In a letter supporting Felicity Huffman during a 2019 court trial, Longoria revealed she was bullied by another cast member for years.

She further claimed Huffman had intervened to stop the bullying, although the identity of the bully was never revealed.

More recently, Longoria traded her US life for a life in Spain and Mexico. The actress made the move late in 2024 after Donald Trump’s election

When Trump won the 2024 presidential election, the Desperate Housewives actress declared that she was “done” with life in “dystopian” America and was officially going to be based full time in Spain and Mexico.

At the time, the Hollywood star told Marie Claire that she’d “escaped” the country where she had lived for nearly five decades and will now reside full time with her husband, José Bastón, and their six-year-old son in their properties in Central America and Europe.

Teri Hatcher (Susan Mayer)

Teri Hatcher has maintained a significant net worth of $US50 million ($A75 million), largely stemming from her acting career.

In 2000, the Lois & Clark star nabbed a home in Studio City, California for $US1.5 million ($A2.2 million).

The three-bedroom house includes a private courtyard, outdoor kitchen, swimming pool, and spa.

In 2018, the Golden Globe winner turned the property into an income stream. She put the fully furnished pad up for rent for $US25,000 to $US30,000 ($A38,000 to $A45,000) per month.

Actors Andrea Bowen (L) & Teri Hatcher from TV show 'Desperate Housewives'.

Teri Hatcher (right) has maintained a significant net worth of $US50 million.

In 2000, the Lois & Clark star nabbed a home in Studio City, California for $US1.5 million. Picture: Realtor

But Hatcher’s success with Desperate Housewives came at the expense of her public image after reports of significant rifts with numerous other cast members.

Multiple sources state Hatcher didn’t get along with a lot of her co-stars, an allegation that was eventually supported by the fact the other actresses excluded Hatcher from a parting gift for the crew.

Marcia Cross (Bree Van de Kamp)

Marcia Cross boasts a net worth of $20 million ($A30.5 million), but has kept her property holdings private.

While the details of her real estate sales are scarce, the Melrose Place alum was last reported to move into a west Los Angeles residence in 2007.

Desperate Housewives: Bree brings Andrew home from camp.

Marcia Cross (right) boasts a net worth of $20 million.

Nicollette Sheridan (Edie Britt)

Nicollette Sheridan amassed net worth of $US25 million ($A38 million). 

In 2008, the Knots Landing alum and then-fiance Michael Bolton purchased a mansion in Hidden Hills, California for $US1.3 million ($A1.9 million).

2005. Actresses Teri Hatcher and Nicollette Sheridan in TV series Desperate Housewives.

Nicollette Sheridan (right) amassed net worth of $US25 million ($A38 million). 

In 2008, the Knots Landing alum and then-fiance Michael Bolton purchased a mansion in Hidden Hills, California for $US1.3 million. Picture: Realtor

Sheridan kept the residence after their break-up, which reportedly happened just two days after they finally moved into the house together.

The estate remained the actress’ primary home. She listed the home for sale in 2023 for $US16 million ($A24 million).

The TV star relisted the abode earlier this year for $US12.9 million ($A19.6 million).

Sheridan was the only main cast member not to star in the entire series, with her character being killed off in the fifth season after her contract was not renewed.

She later filed a $20 million (AUD $31 million) lawsuit against series creator Marc Cherry alleging she was fired because she reported him for alleged assault on set.

Cherry denied the allegations and the case was dismissed.

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The post Inside Desperate Housewives cast’s multimillion-dollar property portfolios appeared first on realestate.com.au.

November 5, 2025/0 Comments/by JKents
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Opteon acquires Equity Valuation Partners, expands US presence

Opteon has acquired Equity Valuation Partners (EVP) as part of its efforts to expand operations and strengthen technology-driven property valuation services.

The acquisition adds to Opteon’s growing U.S. presence — combining the company’s appraisal management platform with Equity Valuation Partners’ client network and technology expertise.

“Modernization isn’t about replacing professionals, it’s about enabling them to deliver more value,” said Chris Knight, CEO at Opteon. “By bringing EVP into the Opteon family, we further accelerate our strategy of combining the best people with the best technology to deliver faster cycle times, higher quality, and a better experience for lenders, appraisers, and consumers.”

Equity Valuation Partners provides residential and commercial appraisal services across the country. The company will operate under the Opteon brand, maintaining its focus on service quality and regulatory compliance, company leaders said.

“EVP has always focused on doing the fundamentals exceptionally well and enabling our people and clients with leading technology that delivers best in market service,” said Drew Watson, former principal at EVP.

“Over the years as appraisal modernization has accelerated, we have considered many options. We know we have the right partner in Opteon that shares our vision, values and purpose and that together we will keep our customer promise to deliver that future.”

Opteon said the acquisition supports its strategy to blend appraisal expertise with global technology innovation.

“Our U.S. team is energized about this opportunity to expand our depth and capability,” said Lee Trice, managing director of Opteon U.S. “We’re uniting strong leadership and appraisal expertise with Opteon’s global innovation responsibly and in partnership with clients, appraisers and regulators.”

The combined business will continue to operate a nationwide network of appraisers that offers residential and commercial valuation services, according to Opteon.

November 5, 2025/0 Comments/by JKents
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