Atlas VMS integrating AI review tool into AIM-Port platform

Atlas VMS is integrating HomeVision’s artificial intelligence (AI)-driven collateral underwriting and appraisal review technology into AIM-Port, the company’s appraisal order management system.

The company says the move is intended to reduce manual review work for lenders and appraisal management companies while improving consistency and overall appraisal quality.

HomeVision’s system uses rules, workflow automation and analytics to turn appraisal data into underwriting insights — automating most policy and eligibility checks.

The company says the technology has processed more than 2 million appraisal reports and helps cut review times and reduce revision rates.

AIM-Port, acquired by Atlas in July, was originally developed by an appraisal management company to support high-volume national operations.

“AIM-Port was built to reflect the day-to-day realities of appraisal operations, and HomeVision brings that same operational mindset to collateral underwriting,” said Erik Morin, CEO of Atlas VMS. “By integrating the two, lenders and AMCs will have a seamless way to order, manage, and review appraisals with significantly less friction.”

After the integration, AIM-Port users can send appraisal reports and supporting documents into HomeVision directly from their order-management workflow.

According to leaders, the combined platform will allow lenders and AMCs to automate guideline checks, rely on exception-based reviews, streamline operational steps and gain real-time insight into collateral risk and performance.

Atlas VMS says it also plans to use the integrated tools within its own in-house AMC for quality-control reviews.

“HomeVision is already trusted by many of the industry’s top lenders and AMCs, and AIM-Port has long been a reliable order-management platform for that same audience,” said Mick Tindall, president of platform solutions at AIM-Port. “Bringing them together provides customers with a streamlined, end-to-end path from order to collateral decision, while enabling us to leverage the same technology internally to enhance our own AMC performance.”

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Ohio housing markets tighten as inventory drops 24% below national average

Ohio recorded 2.1 months of supply in the week ending Nov. 28, compared to 2.8 nationally, with Columbus leading price cuts at 51.6% while maintaining the state’s highest median price at $384,900. The statewide data reflects activity across Ohio’s 10 tracked metros, with Columbus, Cleveland-Elyria-Mentor, and Dayton representing the largest markets by volume.

The state’s median list price reached $279,000, up 5.3% from $265,000 a year earlier, while homes spent a median 49 days on market, unchanged from Nov. 29, 2024. Active inventory climbed to 18,390 homes, a 22.1% increase year-over-year, as 2,212 homes were absorbed during the week against 1,696 new listings.

Inventory and pace

Ohio’s housing supply remains constrained at 2.1 months, positioning the state 24% below the national average of 2.8 months. The state recorded 18,390 active listings, with 45.1% featuring price reductions—a level indicating softer demand compared to the typical 30-35% range. Meanwhile, 8.1% of actives were relisted properties, within normal parameters.

Homes moved at a median pace of 49 days, significantly faster than the national median of 77 days. Weekly absorption totaled 2,212 homes, down 5.7% from 2,345 during the same week in 2024, while new listings reached 1,696 units.

Pricing

The statewide median list price of $279,000 represents a 5.3% annual gain and sits 34.4% below the national median of $425,000. Price per square foot reached $162, compared to $210 nationally. The high percentage of price cuts at 45.1% suggests sellers are adjusting expectations to meet market conditions, while only 1% of listings saw price increases.

How it compares

Ohio’s market operates in slight seller-favorable conditions, with tighter inventory and faster sales pace than national benchmarks. The state’s 2.1 months of supply falls well below the national 2.8 months, while homes sell 28 days faster than the U.S. median. However, the elevated share of price reductions at 45.1% exceeds typical levels, indicating pricing pressure despite limited inventory.

How metros compare

Columbus price cuts at 51.6% exceeded Toledo’s 38.7% by 13 percentage points, despite Columbus commanding an 83% higher median price at $384,900 versus Toledo’s $209,900. Akron homes moved fastest at 42 days on market, while Columbus took 56 days compared to the state median of 49 days. All tracked metros maintained seller-favorable conditions with months of supply ranging from 1.4 to 2.9.

What to watch

Monitor whether Ohio’s 45.1% price reduction rate moderates toward the 30-35% baseline, which would signal firming demand. Track if the gap between weekly absorption (2,212) and new listings (1,696) narrows, potentially easing the state’s tight 2.1 months of supply. Watch Columbus pricing dynamics, where the combination of highest prices and highest reduction rates suggests a market seeking equilibrium.

HousingWire used HW Data to source this story. For deeper insights into your local market dynamics, generate housing market reports here. For enterprise clients looking to license the same market data at a larger scale, visit HW Data.

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Family set for huge payday as $65m suburb grows around them

A home on Raby Rd in Leppington, set to be surrounded by a new estate, has come up for sale.

A Western Sydney family whose homestead stood alone for years as a new suburb materialised around them could soon complete a jaw dropping windfall worth millions after deciding to finally sell.

The family’s old homestead in Leppington is currently surrounded by a new estate known as Emerald Rise and cuts a solitary figure along a road where land has been levelled to make way for new homes.

The house on Raby Rd is surrounded by 29 lots earmarked for new housing and is the last piece of what was once a vast landholding.

The property, a nine-bedroom homestead on nearly 9,300 sqm, used to be the heart of a 40-acre estate, which the family purchased in 1985 for about $266,000, records show.

MORE: Down $50k: Unexpected suburbs defying home price growth

The Leppington homestead has nine bedrooms.

MORE: Hemsworths eye Aus ‘billionaire playground’ amid surprise sale

At the time, the area was little more than semirural farmland on the fringes of Sydney.

The land was rezoned in 2016 and shortly after the family negotiated the sale of most of their acreage, about 38 acres, to a major developer for an undisclosed sum likely to be millions.

That land was subdivided and carved into 29 one-acre lots and released to the market, each with a price tag of $2.2m to $2.45m.

The family held on to the portion containing the original homestead: nearly a hectare that remained untouched as bulldozers tended nearby land to prepare new roads.

It is that house that is now for sale, with selling agent Nick Alexapoulos of Raine and Horne-Gledswood Hills revealing that the family of owners will be moving on after 40 years.

It has been listed for sale with a price guide of $6.3m-$6.7m.

Drone Project
The surrounding region has transformed from what was once paddocks into one of Sydney’s fastest growing areas. Picture: Jonathan Ng
Supplied Real Estate The Zammit family's home in Quakers Hill. Picture: Channel 7
Families who held out while development occurred around them are often sitting on valuable land: this Quakers Hill block is reported to be worth over $60m. Picture: Channel 7

“It was purely commercial viability that prompted the subdivision,” Mr Alexapoulos said. “They looked at the fact they could make a substantial windfall from a subdivision.

“The original homestead was just far too nice to bulldoze so it has been left intact … It’s huge. It takes me 20 to 25 minutes to open all the blinds.”

Fifteen of the new lots have sold, generating more than $35m.

Once the remaining sites sell, the combined value of the subdivided land will exceed $65m — almost 300 times what the family originally paid for the entire estate.

“People have been buying the new blocks and will be building substantial homes,” Mr Alexapoulos said.

The family sold off most of their land nearly a decade ago but had kept the original house on their block intact.

MORE: Lisa Wilkinson’s new $15m ‘castle’ after cash loss

He said the incredible rises in the value of land in Leppington followed the area’s transformation from paddocks into one of Sydney’s fast-growing residential pockets.

The sale has attracted a mixed response on social media.

“(It) would’ve been nice couple years ago before they sold off all the surrounding land around the property now it’s one big construction site with 100 homes going beside it,” a Facebook user said.

Others were more positive, with one calling the home “breathtaking”.

The home has multiple resort-style living zones, a pool, ponds, four-car garage and a billiard room.

The post Family set for huge payday as $65m suburb grows around them appeared first on realestate.com.au.

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Has homeownership become a luxury good?

Homeownership is the top means by which the typical American accumulates and builds wealth, and that has never been truer than today.

Homeowners are the winners in today’s housing market, experiencing large gains in home equity across the board. These gains allow homeowners to make all-cash purchases on their next homes, remodel or sit on their wealth. While the stock market is for Wall Street, real estate is for Main Street America.

But as homeowners continue to make financial gains in the housing market, young adults are being left behind. Before the global financial crisis, the typical share of first-time homebuyers among all buyers was 40%. Today, that figure has dropped to 21%, according to the National Association of Realtors‘ 2025 Profile of Home Buyers and Sellers.

Four decades ago, the median age of a first-time homebuyer was 28, but today it’s 40, according to the same report.

In addition, the 2024 homeownership rate for those under 35 continued a two-year decline and fell to 37.1%. Unfortunately, the millennial homeownership rate has never reached the level that Gen Xers and baby boomers experienced at the same age.

The first-time buyers who have been able to achieve homeownership have higher incomes and are wealthier than in years past. First-time buyers are now more likely to use financial assets for their down payment. A shrinking share of first-time buyers use generational transfers, such as gifts or loans from mom and dad.

The bottom line is that fewer homeowners are achieving wealth gains through homeownership. And for those who do, it means 10 years of lost housing wealth over a lifetime — a loss estimated at $150,000.

This begs the question: Has homeownership, once part of the American dream, become a luxury good?

The hurdles to homeownership are numerous, but for many, they can be summed up by a lack of housing inventory and an affordability crisis. Certainly, high rents, student debt, credit card debt, auto loans and child care costs are also enormous factors for young adults to consider when saving for a down payment.

How does America overcome this crisis in housing? We must build more affordable housing inventory. Underbuilding is not new, and the problem has persisted since construction activity tightened more than a decade ago.

While there has been an increase in the number of existing homes, they are only now near the level they were in 2020. School teachers and first responders are being priced out of the communities where they work.

The U.S. is missing approximately 4.7 million homes to properly house the population. There is not one solution for every community, but addressing the housing crisis through proactive approaches to building will help bridge the gap.

Consider having a community revitalize a vacant hotel, motel, school or mall into residential units through adaptive reuse. Embrace rezoning to build condominiums and townhomes on single-family lots. Allow accessory dwelling units. These unique types of housing can address the housing shortage and find unique ways to help millions achieve the American dream.

Don’t settle for only the data. Learn how to harness it to make better and faster decisions. Find the signal at the Housing Economic Summit. Join us in Dallas on Feb. 10.

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Zillow expects calmer 2026 housing market, improved affordability

Zillow says the housing market is on track for a steadier 2026, with modest price growth, slightly higher sales and mortgage rates that remain above 6%.

The forecast follows what analysts describe as a year of small but meaningful gains for homebuyers — including improved affordability and more buyer-friendly conditions in nearly 20 major metro areas.

“The housing market is finally settling into a healthier state, with buyers and sellers starting to return,” said Mischa Fisher, chief economist at Zillow. “Buyers are benefiting from more inventory and improved affordability, while sellers are seeing price stability and more consistent demand. Each group should have a bit more breathing room in 2026.”

Zillow projects U.S. home values will increase 1.2% in 2026 after a flat 2025.

Stabilizing prices should reduce the number of homeowners whose property values fall below their purchase price. Home values declined in 24 of the 50 largest markets analyzed by Zillow in 2025, as of October.

Zillow forecasts that number will drop to 12 in 2026.

Mortgage rates, home sales

The real estate portal expects mortgage rates to stay above 6% through next year.

The company says its accuracy in forecasting shelter inflation — a major component of consumer inflation — gives it confidence in that outlook.

Modest rate relief this year improved affordability to the best level in three years, and economists expect gradual easing to draw more buyers back even if pandemic-era lows are unlikely to return.

Zillow forecasts 4.26 million existing home sales in 2026 — up 4.3% from this year’s projected total.

Analysts said years of limited inventory and high borrowing costs have created pent-up demand that could begin to release as affordability improves.

New construction, relief for renters

Economists expect 2026 to be the weakest year for single-family housing starts since 2019, after a sluggish 2025.

A large supply of newly built homes already on the market, along with projects still underway, is prompting builders to hold back on new starts.

Single-family starts were running 5% below last year’s pace as of August. An additional 2% decline next year would push activity below 2023 levels, Zillow added.

Builders are expected to continue offering incentives, including mortgage-rate buydowns — particularly in markets where affordability remains tight.

Rent affordability is expected to improve in most major metros after a year in which incomes outpaced rent growth in 37 of the 50 largest markets.

Zillow projects multifamily rents will rise 0.3% in 2026, while single-family rents will climb 2.3% as some would-be buyers delay purchases.

New York City remains an exception. StreetEasy economists expect rent growth there to accelerate — contrary to national trends.

Lifestyle renters expected to grow

Zillow expects more renters to remain renters by choice.

Nearly three in five renters said they plan to continue renting next year, according to the firm’s consumer survey.

Even if mortgage rates were to drop, only 37% said they would buy — down from 45% a year earlier.

Parents are playing a larger role in shaping rental demand. Thirty-seven percent of renters now have a child under 18 at home, up from 33% last year.

With families making up a significant share of apartment hunters, analysts expect more demand for buildings with child-friendly amenities.

StreetEasy analysts say communal spaces will continue to define New York City’s rental market in 2026.

Home efficiency and AI

Rising household costs are pushing buyers toward homes with energy-efficient and cost-saving features — including zero-energy-ready designs, whole-home batteries and electric vehicle charging setups.

Zillow expects growing demand for “grocery-optimized” homes, with features such as walk-in pantries, garage cold storage and refrigerated drawers.

AI tools are projected to move beyond basic assistance and begin coordinating transaction steps — from connecting consumers with agents to scheduling tours and helping prepare for negotiations and closing.

Analysts said that shift could make transactions feel smoother and more predictable for buyers, sellers and renters.

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VFL great John Burns $1.79m sale after auction heartache

24 Lochinvar St, Pascoe Vale South - for herald sun real estate
Former North Melbourne VFL Premiership hero John Burns has sold 24 Lochinvar St, Pascoe Vale South.

North Melbourne Football Club legend and premiership player John Burns has scored a $1.79m early Christmas present a day after his second auction fail in as many months.

Burns played 95 games for the Kangaroos, including in three straight VFL grand finals from 1973 to 1975, clinching a win in the final appearance after he booted four goals himself.

He also had a 17 game stint with the Geelong Cats.

RELATED: VFL hero John Burns’ $2m Pascoe Vale South family home hits market

Malvern East estate sells for $12m ahead of auction

Why the highest bid for this surf home didn’t win

Last weekend the former footballer and his wife Beverly were hoping for a slick disposal when his family home at 24 Lochinvar St, Pascoe Vale South, went under the hammer on Saturday.

Jellis Craig Northern auctioneer Adrian Petrucelli said while there were people in the crowd who had been expected to bid, the home passed in without an offer.

An open for inspection was arranged for 9.30am the next morning with a $1.65m-$1.8m price guide and a buyer who hadn’t been in the crowd the day before made an offer by lunch time.

Inside, the home features an array of period features including fireplaces and leadlight windows.
John Burns and Malcolm Blight in 1975, the year they won the VFL grand final.

“The buyer had missed out on one on the Saturday nearby, and their motivation was pretty strong to buy,” Mr Petrucelli said.

“They’d seen it on the market, but had their eye on others.”

The deal was finalised later in the day, with the former footballer and his wife “rapt” with the $1.79m sale.

The pair had owned the four-bedroom California bungalow with plenty of period charm since 2002, when records show they paid just $320,000 for it.

Mr Petrucelli said the result just a day after the home had failed at auction had proven the importance of “old school” sales methods, such as getting straight back into the market.

The kitchen offers extensive storage space.
The house features multiple living areas for guests and residents to relax in.

“Good quality homes in great locations are selling, whether it’s on the day or shortly after — and they are selling well,” Mr Petrucelli said.

The home had previously been listed for auction with another agency for October 11, but failed to lock in a result and the listing moved to Jellis Craig.

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The quarter-acre block: New estates where the classic Aussie dream still reigns

Once a hallmark of the “great Australian dream,” a quarter acre may not be standard in today’s housing landscape but that doesn’t mean they don’t exist.

The quarter-acre block became synonymous with home ownership during the postwar boom of the 1950s and ‘60s as a symbol of stability and achievement.

But as Australia has continued to grow, these generous lots have made way for smaller land sizes as Australian communities weighed the benefits of slightly more dense neighbourhoods – both on an individual and societal level.

For many, a 1000sqm block is excessive to their needs. But for others, that size still suits. And contrary to popular belief, they still exist, even if it’s no longer the standard size.

Here are seven locations where you can find build in a new estate on a quarter-acre block – or larger.  

An artist’s impression of the Jacaranda Estate in the Hawkesbury region, where quarter-acre blocks are on offer. Image: realestate.com.au

Glossodia, NSW

Set in Greater Sydney’s northwest fringe, the charming town of Glossodia offers a quiet country lifestyle within 68 kilometres of the CBD, where house prices sit at a median of $954,000 according to PropTrack data.

Popular for its leafy and family-friendly feel, this semi-rural suburb is in the Hawkesbury region near the Blue Mountains. The area features a range of leisure activities, from horse riding and go-karting to art galleries and the Australiana Pioneer Village.

Jacaranda Glossodia is a new rural residential neighbourhood in the Hawkesbury, offering blocks spanning from quarter-acre (1000sqm) to full-acre options (4000sqm).

The estate will include 64 hectares of green spaces, including a lake park with bushwalking trails and cycle paths.

Cowaramup, WA

In Western Australia, the south-west region is a favoured holiday destination known for its beautiful beaches, lush forests, produce and wineries.

The rural community of Cowaramup, nestled between Busselton and Margaret River, enjoys a quintessential “down south” lifestyle of peace, quiet and natural beauty. Increasingly eyed as a destination for tree changers, the median house price currently sits at $1,057,500.

New masterplanned development Birdwood Cowaramup features family-sized blocks from 600sqm up to 1500sqm, with stage two lots now selling.

Birdwood is 450m from the centre of “Cowtown,” providing small town walkability and accessibility to amenities.

Karalee, Qld

Karalee is a leafy suburb in the City of Ipswich, bordered by the Brisbane River and 37km from the CBD.

The area is known for its family homes on larger blocks, with a small population of around 5,500, according to the 2021 Census.

Sprawling 3000sqm to 6300sqm blocks are available at River Retreat Land Estate, which is set in a premium location beside the river.

Stage eight is now selling, including parkfront and riverside acreage lots.

An aerial view of the forthcoming River Retreat Land Estate. Image: realestate.com.au

Kyneton, Vic

A popular day-trip destination, this picturesque town in the Macedon Ranges is also in commutable distance for tree-changers, around an hour from the Melbourne CBD.

Kyneton’s heritage character and natural beauty attracts those who enjoy a slower pace without losing access to city amenities, such as good food and shopping.

It’s also near the vibrant regional hubs of Bendigo, Daylesford and Castlemaine.

Country-sized blocks are available at Ambrosia Land Estate, spanning from 2000sqm to 7856sqm, just 1km from the Kyneton train station and close to the town centre.

At Ambrosia Land Estate in the Macedon Ranges, ample space is on offer. Image: realestate.com.au

Boorowa, NSW

For a truly rural lifestyle, the scenic farming village of Boorowa offers serenity and affordability in the South West Slopes of NSW.

The small town, known for its merino wool and historical charm, is near the Hilltops wine region and about 90 minutes from Canberra and the Southern Highlands. 

Fully serviced lots are now selling at Donohoe’s Estate, ranging from 1250sqm to 6325sqm, with panoramic views of the surrounding green spaces.

Cardup, WA

An outer suburb of Perth, Cardup benefits from a semi-rural lifestyle with easy access to the well-established areas of Byford and Armadale.

Located within the Serpentine-Jarrahdale shire, it’s also close to a range of natural attractions including the Serpentine Dam and National Park, Cohunu Koala Park, Jarrahdale Railway Heritage Trail and an abundance of hiking and riding trails.

Blocks at Constellar at Cardup Junction are available up to 1125sqm, which will be home to nine parks and two schools as well as sporting fields.

An artist’s impression of the Constellar estate at Cardup Junction. Image: realestate.com.au

Booral, Qld

Positioned within the Fraser Coast region, Booral is a small seaside suburb of Hervey Bay with postcard beauty and a lifestyle to match, where the average house price sits at $872,500.

Large lifestyle lots can be found at Fraser Vista Land Estate, around 2000sqm-plus, with some featuring water and island views.

Residents can build their dream home on sprawling land near the coast, while being less than 10 minutes from local shops and 18 minutes to Hervey Bay town centre.

Are you interested in building a new home? Check out our dedicated New Homes section.

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Khloe Kardashian reveals spooky life inside US home

The 41-year-old lifted the lid on her eerie experience that has stuck with her many years later while speaking on her podcast, “Khloé in Wonder Land,” with her friend, Savas Oguz. Picture: YouTube

Khloe Kardashian has admitted that she has had to sleep with her lights turned on for the past several years — after experiencing a terrifying and seemingly otherworldly encounter that left her traumatised.

The 41-year-old mother of two opened up about the eerie experience during the latest episode of her podcast, “Khloé in Wonder Land,” telling her good friend, Savas Oguz, how the incident at her former California home has continued to haunt her over the years.

Her admission came during a discussion about conspiracy theories, when Kardashian piped up about her own paranormal encounter which took place at a rental property in Calabasas, where she and her daughter, True, now 7, were living while their own home was undergoing renovations.

At the time, True was just an infant and the two were sleeping in the dwelling, which was located in an exclusive community called The Oaks, Realtor.com reports.

“It was the scariest thing. I was sleeping — it was at that rental house that I still had in The Oaks — and there was a hallway from True’s room to my room. It was a little narrow hallway, it was [made of] wood, so I could hear footsteps,” she revealed.

“True was still in a crib, and she never got out of her crib, so I heard someone walking down [the hallway], and I was like, ‘True?’ and then I looked at the monitor, and she was still asleep, so I was like, that’s weird.”

Khloe Kardashian revealed she had more than one spooky moment in her life. Picture: Instagram

Although she was worried, she tried her best to brush it to the side and focus on falling back into a slumber.

“So I just laid back down — it was the middle of the night — and I shut my eyes, and then I felt something do this,” Kardashian revealed, as she ran her hand down her hair, imitating what she had felt.

Kardashian noted that she felt someone running their fingers up and down her hair, adding, “and I could feel it was a small hand.”

“[It] rubbed my head, and I remember closing my eyes, going, ‘Please don’t be there, please don’t be there, please don’t be there.’ I opened my eyes, nothing was there, I was so freaked out,” she admitted, adding that she believed the presence to be that of a small girl.

“She rubbed my hair — she did. It was the scariest thing. I’ve never slept with the light off ever since,” she added.

At that point Alexa, a member of Kardashian’s team who was in the room where the podcast was being filmed, chimed in and reiterated the star’s claims, adding that this wasn’t the first time the reality star had encountered a so-called “ghost” in the home.

Kardashian was living in the ‘haunted’ apartment while she splashed out on this custom-built home. Picture: Google Earth

Kardashian admitted that she’d had another terrifying experience at the property when she discovered her jacuzzi had been “completely drained,” while a Barbie doll had been left in the empty pool.

“A Barbie doll [was] at the very bottom of the jacuzzi — like murder,” the on-screen star said, adding that she had also heard “footsteps” in the hallways of the home, too.

Kardashian resided in the “haunted” property while her own home was being renovated in June 2019.

The mum recently showcased her extremely luxe walk-in pantry, revealing how she transformed a former garage into a meticulously organised area to store all of her favourite foods and snacks.

The Good American Founder took to YouTube to highlight her wildly lavish “pantry crib,” which she joked is where “all the magic happens” inside her $17 million (AUD $25 million) Hidden Hills home. The home just so happens to be located next door to her mother, Kris Jenner, who has previously earned high praise for her own incredible kitchen and pantry.

In her tour, Kardashian explained that her pantry area previously served as a garage.

The expansive walk-in pantry was designed by The Home Edit’s Joanna Teplin and Clea Shearer. It boasts a neutral colour palette, and sleek plastic containers and baskets hold her favourite snacks — including her new Khloud Kettle Protein Popcorn.

Kardashian’s new home features an epic walk-in wardrobe. Picture: Hulu

Kardashian confessed that her pantry follows a rigid organisation system, explaining that the bottom shelf features “grab and go” items such as “chips, popcorn, and snacks,” which are primarily there to cater to her two children, True, and Tatum, 2, whom she shares with ex-boyfriend Tristan Thompson.

Kardashian moved into the expansive property in Hidden Hills, CA, in 2021 after it underwent a two-year gut renovation that essentially saw the home being rebuilt from the ground up.

The mum splashed out $17 million on the custom-built abode, which features a gym, home theatre, and walk-in closet.

While discussing her property, she previously told Hulu, “It’s just so great to finally see this be a tangible house. We’re so excited that this is … where we get to create all our memories … and put our roots down. This is mine.”

Meanwhile, Jenner gushed about her daughter’s success and noted that she was “proud” of her.

“This is something that she did on her own. She paid for everything herself, she organised everything herself, she chose everything herself.

“She used her imagination, her creativity, her resources. Every single thing that went into this home is all because of Khloe’s blood, sweat, and tears,” Jenner said.

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Elite streets: Australia’s most expensive roads revealed

Home to CEOs, celebs and some of the nation’s most extravagant homes, Australia’s most expensive streets have been revealed by Ray White.

Kambala Rd in Sydney’s Bellevue Hill in the city’s east ranked as the richest road in the country, with a median value of $39.35m over the last three years.

Along this elite street the average property is worth over 24 times a median Sydney home.

Bellevue Hill in Sydney’s eastern suburbs held six of the nation’s top 10 priciest streets, with the suburb being highly regarded for its harbour views and prestige schools.

Only one street outside of Sydney’s east – Clendon Rd in Melbourne’s Toorak – ranked in the top 10, with an average home price of $17.75m placing it seventh in the country.

78 Kambala Rd, Bellevue Hill sold for $48.49m in March.

The view from the property on Australia’s most expensive street.

Top street Kambala Rd has been home to some blockbuster deals this year, from filmmaker Warrick Ross’ $50m mansion sale in March to the Harkham family’s $24.8m sale in May.

McGrath Double Bay sales agent Luke Hogan sold 78 Kambala Rd in March for over $48m.

“Kambala Rd has earned its title as Australia’s most expensive street thanks to its rare blend of prestige, privacy and blue-chip scarcity,” Mr Hogan said.

“Tightly held for generations, the street is lined with grand estates and architect-designed homes on large parcels — a luxury almost unheard of this close to the CBD and harbour.”

MORE: Down $50k: Unexpected suburbs defying home price growth

Australia’s most expensive streets in 2025. Source: Ray White.

A look at Kambala Rd, Bellevue Hill. Pictures: Google Maps, Google Street View.

Mr Hogan said the street’s proximity to elite schools and its “peaceful, leafy setting” made it one of Sydney’s most coveted addresses.

He added that there was always “fierce competition” whenever a Kambala Rd property came to market.

The second most expensive street in the country, Victoria Rd, runs parallel through Bellevue Hill.

MORE: Insane reason Aus home rents for $210k a week

45 Kambala Rd sold for $45m in May.

The home has five bedrooms and six bathrooms.

It has been home to some esteemed owners over the years, including media moguls Kerry Packer and Lachlan Murdoch.

In 2024 food blogger Stephanie Conley-Buhre sold her Victoria Rd mansion Alcooringa for a reported $80m, $50m more than she purchased it for three years prior.

According to Ray White, the average home on the street is worth $22.75m.

A little further to the east, Sydney’s Vaucluse was home to two other spots on the list.

MORE: ‘Ghost shop’ shows Sydney area’s sad decline

29A Vaucluse Rd, Vaucluse was one of the homes purchased in the White Fox couple’s $150m spending spree.

The view from the home, which will reportedly form part of a new estate.

Namesake Vaucluse Rd ranked in at third, with the average home being valued at $20.6m.

White Fox entrepreneurs Daniel Contos and Georgia Moore bought up three adjoining properties on the street in April this year, as part of a planned estate.

The home at number 48 Vaucluse Rd was sold in July 2023 by hotel owners the Balgiannis family.

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48 Vaucluse Rd, Vaucluse sold for $36.2m in July 2023.

Vaucluse Rd is Australia’s third most expensive street.

Bradfield BadgerFox Double Bay director Alexander George has sold several properties along the road, including the $36.2m sale of number 48 and a near-$25m sale at number 63, both in 2023.

“The wealthiest people in the country generally are moving there,” Mr George said of the area.

“It’s a good mix of professionals, CEOs … there’s a lot of big names.

“To be able to command the kind of prices that these streets are getting, there’s some pretty important people up there.”

Mr George said a majority of the properties along Vaucluse Rd have “iconic views” of the Sydney Harbour and the city skyline, as well as big plots of land which helped houses command an average price of $20.6m.

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22 Wentworth Rd, Vaucluse sold for $23.8m in January 2024.

Down the road, 67 Wentworth Rd sold for $15m in 2022.

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Nearby Wentworth Rd was Australia’s fifth most expensive street, with a median home price of $19.7m.

The street is home to another of White Fox’s $150m property empire, as well as being home to billionaire developer Harry Triguboff.

“Wentworth Rd sort of is that historic quintessential Vaucluse street where there’s great statement properties on big parcels of land,” Mr George said.

Mr George said about two-thirds of homes on the street had strong views, be it over the city or down the harbour towards Manly.

“It’s a beautiful straight, tree-lined street which is nice and wide, and it’s quiet as well,” he said.

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Inventory, affordability take center stage in House hearing

U.S. Rep. Mike Flood (R-Neb.) pressed federal housing officials Wednesday on what he described as costly and counterproductive red tape, using a House Financial Services Committee hearing to highlight regulations he feels are worsening the national housing shortage.

The hearing focused heavily on interpretations of Build America, Buy America (BABA) requirements and their impacts on affordable housing development.

Flood opened his remarks by stressing the urgency of bolstering housing supply.

“There are many factors that have led to our current environment where housing supply has failed to keep up with demand,” he said. “While some of those factors are beyond the remit of Congress, there is a universe of federal barriers to housing supply that we are working on addressing in this committee.”

BABA requirements

Enacted within the 2021 Infrastructure Investment and Jobs Act, BABA mandates the use of U.S.-produced iron, steel, manufactured products and construction materials in federally funded infrastructure projects.

Flood argued that while this may be appropriate for infrastructure work, applying the same rules to housing projects has created severe cost spikes and delays.

He said this expansion has created real-world consequences for developers, nonprofits and public housing agencies navigating the federal funding process.

“Sadly, that decision has had disastrous effects,” he said. “While a hard and fast BABA requirement may make sense when building a bridge made of steel and concrete, it makes less sense when you think about all the different components that go into building a home. And fundamentally, this policy betrays a basic reality of federal housing programs.

“If we are aiming to take finite federal resources and use them to build housing, we need to be able to scale those dollars as efficiently as possible to make it work.”

Developers cite cost increases

Flood backed his claims with examples submitted to his office from housing developers nationwide.

The anecdotes included projects in the Southwest, Massachusetts, Wisconsin, California and Montana — each citing six-figure cost hikes tied to BABA compliance, consultant requirements, documentation burdens or difficulties sourcing U.S.-made materials.

He quoted developers describing compliance costs topping $250,000 on a 60-unit project, BABA-driven material increases of nearly 18% in Massachusetts and more than $400,000 added to a Wisconsin development.

“While the BABA rules were well intended, and I think meant for larger infrastructure, the reality is when builders get stuck waiting for waivers or searching for substitutes or having to pay higher prices, the impact goes right down to the end consumer,” Kevin Sears, immediate past president of the National Association of Realtors, said in response to Flood’s queries.

In California, one 80-unit project saw a $1.3 million jump. In Montana, BABA delays caused a housing trust fund award to expire before contractors could secure U.S.-made utility components, according to Flood.

“I could go on and on and on,” he said. “But the reality is that however well-intentioned it may be, BABA is driving up the cost of projects, wasting federal dollars that could be going to building more housing and, in some cases, it’s even killing projects entirely.”

Legislative push

The hearing also featured discusson of six Flood-backed bills — including his HOME Reform Act of 2025.

Additional measures included his Housing Supply Frameworks Act, the Identifying Regulatory Barriers to Housing Supply Act, the Unlocking Housing Supply Through Streamlined and Modernized Reviews Act, and H.R. 5263 — all aimed at reducing federal delays.

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