The self-sale company just secured new funding. Meanwhile, CEO Mike Chambers says his company wants “to support agents” who are “unapologetically consumer first.”
CoStar agreed that moving the lawsuit from New York to Washington would likely make proceedings more efficient for all parties.
A $1.5 billion housing development by the Brisbane River has found a builder to begin construction this month, with new units to be delivered from 2028.
Kokoda Property Group, developers of the upcoming Teneriffe Banks precinct, have announced Versatile Group as the builders on the 17,612 sqm site.
The Sydney-based company has previously worked on projects in the Gold Coast, and will bring about 2,000 jobs for Queenslanders in the subcontractor and supply sector.
Teneriffe Banks, a $1.5 billion precinct from Kokoda Property Group, will be partnering with Sydney-based company Versatile Group to construct its four apartment buildings.
Construction is planned to begin in December of 2025, with the first delivered units coming in 2028.
Versatile will build 212 luxury units, working with architects from Cottee Parker and interior designers from Carr and Studio McCue.
The apartments will be spread across four unique buildings, ranging from two to four bedrooms each.
Kokoda Property Group founder and managing director Mark Stevens said this aimed to help meet demand for the growth rates in the Teneriffe-Newstead corridor, which sat at double the Brisbane LGA average.
“The challenge in the QLD marketplace is there’s a lot of infrastructure being built,” he told the Courier Mail. “To get access to the appropriate subcontractors when they’re working on both public and private contracts has taken work.”
The precinct is selling 212 luxury units across four buildings, with a collaboration between three architecture and interior design teams.
The units will offer luxury homes for the increasingly popular Teneriffe-Newstead area.
Mr Stevens confirmed Kokoda had been in discussion with Versatile since the commencement of sales, working with each team to finalise their designs over the past year.
“It wasn’t difficult, it was just a time-consuming process,” he said. “We went from early drawings for apartment concepts to really detailed layouts … we needed to co-ordinate all the consultants [at the same time].”
Homes will be delivered in stages beginning in 2028. Prices begin at $1.99 million, going up to $28m for the project’s biggest penthouses.
Home prices begin at $1.99 million, but penthouses at the precinct can get as pricey as $28m.
The four buildings will feature a range of shared features, including access to a boutique club and several private pools.
Shared amenities across the precinct include several pools and open-air decks with city and river views, along with access to a members’ venue called The Canopy Club.
The project will also include 10,000 sqm of gardens, parkland, and public art and commercial spaces.
“The overwhelming concept of the project was to have a precinct,” Mr Stevens said, “defined by a variety of cultures, people and places.”
Mr Stevens confirmed the team was working with several US-based operators to bring international restaurants to the area.
Kokoda began talks with Versatile shortly after their first day of sales, which made around $285m.
The precinct will feature several public spaces, including restaurants from local and international vendors.
Versatile Group chairman and CEO Marco Fahd said the company was excited to work on their first Brisbane-based project in the company’s fifty-year history.
“We are looking forward to expanding our footprint in the state,” he said. “We are proud of the unwavering commitment our team of experts have to quality and certainty in delivery, and are excited to work with Kokoda to bring their vision for this unique project to life.”
Teneriffe Banks saw a staggering $285m in first-day sales, with units still available for purchase today.
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A young gun Aussie real estate who has only been able to vote for seven years has sold a staggering $34.6 million in a fortnight.
And he credits his “lucky socks” for the sales bonanza.
Ray White Ascot agent Nick Roche is just 25 years old, and sold four properties, the highest being an off-market sale in the well-heeled Brisbane suburb of Ascot for $10.8 million.
“I wore my lucky socks all week,” Mr Roche said with a laugh.
“But it was also months of preparation, and a lot of hard work.”
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Ray White Ascot agent Nick Roche
Mr Roche has worked in real estate since he was just 17, starting immediately after graduating from Brisbane Grammar School while studying commerce at the University of Queensland.
“I always knew I wanted to have my own business one day, and being an agent is the closest thing to running your own operation – you’re essentially building a business within a business & it’s thoroughly enjoyable,” he said.
“I was the kid with the lemonade stall out the front of the house at 10 years old.”
His first sale was at the young age of 19.
“My first sale was for $3.25 million on one of Hamilton’s best streets, a huge price at the time,” he said.
“I was driving past a family with a golden retriever – I’m a big dog guy, so I wound down the window to say hello.
“I asked if they were selling; they said no, but mentioned they wanted to offload an investment property. Forty-eight hours later, I’d sold it!”
His recent sales include:
104 Alexandra Road, Ascot – $9.8 million
Sold after the first open home in just four days. More than 200 people attended the inspection of this highly contested family home. The sale set a new street record by millions.
104 Alexandra Road, Ascot
4 Henry Street, Ascot – $10.8 million
Sold off-market. Another street record by millions and the highest price ever achieved for an 810sqm block in the area. The Joe Adsett/Tim Stewart designed home never hit the market publicly.
4 Henry Street, Ascot
4 Langside Road, Hamilton – $8 million
Sold after only five days on the market. The architectural Chris Clout home had been listed for months by another agency last year without success.
4 Langside Road, Hamilton
11 Dickson Terrace, Hamilton – $6 million
759sqm of vacant land sold in conjunction with Ray White Deception Bay. Mr Roche introduced the buyer and negotiated the deal.
Mr Roche said that he could remember thousands of names, what people paid decades ago, their social circles, even middle names sometimes.
“I follow up consistently and I’m not afraid to ask the questions other agents avoid,” Mr Roche said.
Mr Roche said being a 25-year-old with no family commitments, he could be 100 per cent focused.
“Older vendors often tell me they see a bit of their younger selves in me, which is really flattering,” he said.
Time for a Contiki tour, Nick?
Most other 25 year olds
The post How a 25-year-old agent sold four Brisbane properties for $34.6 million in a fortnight appeared first on realestate.com.au.
Newtown Brae, originally listed for upwards of $6.5m, has found a buyer after seven months.
One of Newtown’s most significant heritage mansions has found a new custodian after a seven-month campaign.
Out-of-town buyers are preparing make Newtown Brae their next family home after purchasing the grand Victorian residence for an undisclosed price.
The vendors of 25 years initially listed the prestigious 3400sq m property at 15 Stephen St, Newtown, with a $6.5m-plus guide in April.
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Kay & Burton listing agent Peter Kudelka said they ended up with a “good result”, though he could not disclose the sale price.
He said the new owners saw themselves as custodians of the landmark home, which is considered one of Geelong’s earliest surviving privates residences.
“It was bought by a family to be used as a family home – it was mostly families that were looking at it,” Mr Kudelka said.
“There wasn’t huge numbers through, given the nature of the property, being National Trust and those sorts of things, that’s why it took a little bit longer.
“It was one of those things where you just have to wait and be patient.”
The formal living room features a marble fireplace and chandelier.
The open-plan kitchen has modern appliances and a garden view.
The front cottage was built for former convict turned publican Joseph Lewis.
The modest front cottage at Newtown Brae dates back to 1851, when it was set among a much larger allotment featuring stables, a gig house and 1.6ha acres of gardens with 400 fruit trees and vines.
The substantial two-storey Italianate extension, designed by notable architect Alexander Hamilton to capture sweeping views over Geelong, was added in 1885.
The property has been National Trust registered since the 1970s.
The vendors have sympathetically remodelled the interior over their time there, restoring grand reception rooms and modernising the kitchen and bathrooms to create a comfortable family home.
The back veranda has sweeping views over the neighbourhood.
The wide entrance hall has high ceilings and polished timber floors.
The light-filled formal dining room faces north.
A rustic cellar is among original features that continue to point the home’s history.
Mr Kudelka said there was scope for further internal personalisation if the buyers desired.
“At this stage they are not sure but it’s early days,” he said.
The sprawling grounds – once home to a tennis court and an indoor swimming pool – also captured people’s imagination during the campaign.
The expansive lawn has long been drawcard for the vendor’s extended family and neighbourhood children who congregate for backyard cricket and footy.
Mr Kudelka said there were few homes in Geelong of the calibre of Newtown Brae, though he noted four or five of similar stature had been listed for sale this year.
The post Historic Newtown mansion sells to new family after seven-month campaign appeared first on realestate.com.au.
The impressive basement garage and man cave at 7 Ruxton Rise, Beaumaris.
A Melbourne bayside house featuring a jaw-dropping man cave that could rival many commercial vehicle showrooms is revving up buyers.
The home at 7 Ruxton Rise, Beaumaris, with a 200sq m, six-car basement garage is on the market with a $4m-$4.4m range.
Nick Johnstone Real Estate’s Bert Geraerts said the basement was fitted with a kitchenette, heat strips, television area and vehicle turntable boasting a 6m radius.
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“It’s big and spacious and you probably only need a turning circle if you wanted to park six or seven cars in there,” Mr Geraerts said.
“Or you could put three or four cars there and you can still use it as a theatre.”
One of the residence’s owners, an ex-dealer principal of a Brighton luxury car dealership, has kitted the basement out with an array of car and sports memorabilia.
The house has a concrete and charcoal-trimmed facade.
The basement garage also serves as a home theatre.
The self-cleaning pool is set in a garden which is equipped with an automated watering system.
Mr Geraerts said the four-bedroom house was built for the owners and their daughter about four years ago.
However, the project was delayed during the Covid pandemic which meant their daughter had moved out, gotten married and had a child by the time it was finished.
As a result, the owners have now decided to downsize after living there for some time.
The 5m-long kitchen bench is accompanied by sliding timber black-painted doors which can be pulled across to hide the basin and dishwasher.
The house was designed to showcase art.
Apart from housing an impressive car collection, the abode with polished concrete floors and battened walls was designed for entertaining and low-maintenance living – in addition to displaying the owners’ art collection to its best advantage.
Set in a quiet cul-de-sac, the house’s concrete and charcoal-trimmed facade welcomes visitors.
Behind a 3m-high timber front door, the main entertaining space includes a sunken lounge room showcasing a 3.5m-high exposed concrete ceiling and gas fireplace.
The basement turntable has a 6m radius.
The wine room can hold 750 bottles.
A separate dining area and family room features a gas log fireplace, retractable floor-to-ceiling doors and windows, and a view of the gas and solar heated, self-cleaning pool.
“The 750-bottle wine storage area can be seen from the kitchen and dining and living area,” Mr Geraerts added.
The kitchen is equipped with a 5m-long Dekton island and Miele appliances which can be concealed behind sliding doors.
Mr Geraerts likened the main bedroom suite, walk-in wardrobe, dressing room ensuite complete with freestanding stone bath, underfloor heating and heated towel rails to a luxury hotel.
One of three bathrooms in the home, including two ensuites.
Polished concrete floors feature throughout the house.
There’s also a laundry, powder room, study area, outdoor gas barbecue and automated garden watering system.
The house is zoned for Beaumaris Secondary College and is close to Black Rock village, golf courses, parks and beaches.
Mr Geraerts said most buyer inquiries had come from families and car collectors who have been bowled over by the basement.
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Dozens of affordable family homes are languishing on South Australia’s regional property market, with cash-strapped buyers urged to look beyond metropolitan areas for realistic purchasing options.
As Adelaide’s median house price climbs towards $1m – forcing many to abandon dreams of owning a home – real estate agents are baffled at the number of well-presented regional dwellings priced under $300,000 that are failing to sell.
In Wudinna, a tidy, five-bedroom, solid brick home at 36 Richards Ave has received little attention from buyers in the six months it has been on the market, said Elders Eyre Peninsula selling agent Elaine Seal.
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The Wudinna property at 36 Richards Ave is listed with a $295,000 price guide.
It’s price has been reduced from $320,000.
Not even a reduction in price – from $320,000 to $295,000 – has been enough to snag an offer on the home, which sits on a 1214sqm block that’s walking distance to the local swimming pool and has new carpet in several bedrooms.
“I just can’t believe I haven’t been able to sell it,’’ Ms Seal said.
“There’s nothing wrong with the house. The owner is a builder so he’s carried out a lot of the maintenance that’s cropped up.
“The kitchen is probably a bit out of date and you could put new floor coverings in the lounge but it’s on a big block, there’s an office out the back that could be another bedroom if you wanted and there’s two bathrooms.
“And Wudinna’s a lovely town – I live there myself. We’ve got the hotel, the hospital and doctor and the school and the kindergarten and the supermarket, so there’s plenty of (facilities).’’
The few potential buyers to inquire about the home had dismissed it after learning a carport, which could accommodate up to three vehicles, prevented access to the rear yard for storing a caravan, Ms Seal said.
She said there were jobs available for those moving to the town, which is about a six-hour drive from Adelaide and has a population of 600.
Ms Seal’s other listings under $300,000 include three-bedroom homes at Ceduna and Elliston, both priced at $240,000, and a four-bedroom home on 4.14ha at Wirrulla, near Streaky Bay, for $265,000.
“There’s definitely (affordable) homes over here – we’re not asking for prices of $900,000 (which is approximately Adelaide’s current median combined dwelling value),’’ Ms Seal said.
“If you want to live in the country, Wudinna is a very nice place.’’
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The Port Augusta property at 7 Moyes St is for sale with a $265,000 price guide.
There are plenty of country properties on the market that are listed for less than $300,000.
At Port Augusta, Professionals selling agent Greg Edwards hoped a charming, four-bedroom weatherboard home at 7 Moyes St would soon sell for its advertised price of $265,000.
So far, buyers were only prepared to offer up to $250,000 – and a “few silly offers’’ of $160,000 had also been received, Mr Edwards said.
“It’s an old railway home … people don’t think railway homes are worth that ($265,000) but records show they are starting to sell for that amount,’’ he said.
“Obviously they need a bit of work – a bit of TLC and a bit of a rub up and scrub up and you could have a very nice home.’’
Like Wudinna, Mr Edwards said there were plenty of employment opportunities for owner- occupiers who bought in Port Augusta.
“The Port Augusta prison advertises (work available) every night on the TV and they pay $80,000 to $85,000 a year so that’s one avenue (for employment),’’ he said.
“There are local retail outlets looking for people and I know the hotels are looking for staff.’’
Other bargains currently on the market include a well-maintained, three-bedroom 1920s cottage at 23 Radiata St, Wirrabara, for $279,000 and several neat Roxby Downs homes priced around $200,000.
Meanwhile, a two-bedroom house at Lot 400 Medway Drive, Coober Pedy, which has been extensively damaged by vandals, is currently SA’s cheapest home for sale, with a price guide of $39,000.
– Lauren Ahwan
The post SA homes under $300k sit unsold despite Adelaide prices soaring appeared first on realestate.com.au.
Pro golfer Cameron Smith has sold his sub-penthouse for $6.6m.
He may not have had the best year on the course, but golfer Cameron Smith’s property game is on fire.
The Queenslander has just sold his luxurious New Farm apartment for a tidy $6.6m, shortly after forking out $10m — about $47,000 per square metre — for the penthouse in the same building in Moray Street.
Records show Smith paid $4.85m for the sub-penthouse apartment off-the-plan in February 2023, so the sale reflects an uplift of $1.75m in under three years.
Pro golfer Cameron Smith has sold this sub-penthouse in ‘Maison’ at 60 Moray St, New Farm, for $6.6m.
The kitchen in the sub-penthouse Cameron Smith has just sold.
The 32-year-old returned to his Brisbane base with wife Shanel and new baby son, Remy, last month ahead of a schedule that includes the Australian PGA, Australian Open and Saudi International.
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He sold the four-bedroom, three-bathroom, full-floor sub-penthouse apartment through Heath Williams of Place New Farm, and has upgraded to the top floor, which boasts a rooftop terrace with a pool and spa and offers spectacular views across the Brisbane River, Story Bridge and the city skyline.
The building was designed by well-known local architect Joe Adsett and features stone, timber and lots of subtropical greenery.
This penthouse at 60 Moray St, New Farm, has sold for $10m. Image supplied.
The view from the terrace of the penthouse at 60 Moray St, New Farm. Image supplied.
The penthouse, which was previously held by the late, high-profile businessman Eddie Phillips, widely known as the ‘Spa King’, includes private lift access, floor-to-ceiling glass, a second living area, bespoke joinery, and three secure car spaces.
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Smith will use it as his Brisbane base, where he will spend around three months of the year between travelling overseas.
“Brisbane will always feel like home to me,” he said. “The penthouse has an incredible rooftop that really sold me.
Cameron Smith at home in Brisbane to promote the LIV Golf Adelaide event. Pictures: Adam Head.
“It’s a place where I can relax with family and friends when I’m back, and it gives us a great base for the time we spend here each year.”
He also owns a three-bedroom townhouse in Zillmere that he bought for $395,000 as an investment in 2015 and was last rented out for $420 a week.
Smith goes into the Australian Open this week at Royal Melbourne, after more than two years without a win.
Pro golfer Cameron Smith has bought and sold in this building at 60 Moray St, New Farm.
He has yet to make a 36-hole cut in the seven tournaments he has played this year outside of the LIV Golf League, including the four majors.
Smith also missed the cut at the Dunhill Links Championship, the Saudi International and the Australian PGA Championship last week.
Smith ended last year at No. 79 in the world, but the ranking is skewed because LIV Golf League does not get world ranking points. He goes into his final tournament of the year at the Australian Open at No. 354.
The post Inside golfer Cameron Smith’s stunning new $10m penthouse appeared first on realestate.com.au.
Address by request, Battery Point. Picture: Supplied
What is it about perfection that sings such a sweet song?
Here in Battery Point, it takes about two seconds to discover that someone with an exquisite eye for detail has led the transformation of this classic 1920s home.
Out front, it’s the gorgeous, historic facade that catches the eye. And those traditional details have been preserved and showcased as you step inside, too. The fireplaces, the stained-glass, the high ceiling and wide hall each add to the appeal.
But a surprise awaits.
A stunning sun-drenched rear extension — built by Hobart’s Modern Building Co — now forms the heart of the home. Here, a designer kitchen and living pavilion take centre stage in a light-filled environment framed by oversized glass doors and anchored by a sculptural island bench.
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Address by request, Battery Point.
Address by request, Battery Point.
As part of the owners’ meticulous reconfiguration of the floorplan, internal walls were thoughtfully moved to create the highly desirable open flow the home enjoys today, allowing sightlines to stretch all the way through to the garden and out towards the River Derwent.
Premium joinery, stone surfaces and an integrated appliance suite elevate everyday cooking and entertaining, while central ducted heating and cooling ensures year-round comfort in this beautifully curated contemporary space.
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Sliding doors open onto a professionally landscaped garden oasis. Private and meticulously curated with mature trees — including ornamental pear and magnolia — it is highlighted by sandstone retaining walls, lush lawns, spotted gum decking, and multiple outdoor sitting areas.
Indulgent bathrooms offer spa-like serenity, featuring bespoke tiling, gunmetal tapware, underfloor heating and dramatic recessed lighting.
Address by request, Battery Point.
Address by request, Battery Point.
New Haus director Ed McKay said the home attracted attention from buyers immediately on hitting the market.
Mr McKay said people were impressed with the extremely high level of detail in the home’s renovation that is “rarely seen in Hobart”.
A prime example is the kitchen, he said, with its integrated Miele fridge and freezer, exquisite cabinetry, lighting, storage and showstopping island bench.
“No detail has been overlooked, and the type of buyer considering a home like this appreciates such a high level of attention to every detail,” he said.
“The home’s light switches have not been used before in a Tasmanian house. They not only look sleek, they also have a push and hold feature to dim them to the perfect level as desired.
“The property also has new wiring, new plumbing and a new roof.
“It is a home where character charm meets sophisticated modern design, and where every detail has been curated for luxurious, effortless living.”
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Address by request, Battery Point.
Address by request, Battery Point.
The property’s generous primary bedroom suite enjoys peaceful leafy and water outlooks, abundant natural light and a seamless connection to the home’s refined aesthetic, complete with direct access to a luxurious ensuite, thoughtfully designed wardrobing and the convenience of a private adjoining study.
A cleverly integrated loft space further elevates the home’s liveability, offering abundant, easily accessible storage.
Discreetly accessed via a hidden ladder and enhanced with built-in lighting, this addition ensures a clutter-free lifestyle while maintaining the home’s clean architectural lines and elegant interior flow.
The home’s laundry is cleverly hidden away in an alcove, maximising space and efficiency.
Off-street parking is like gold in Battery Point, and this property can accommodate a vehicle safely in a driveway.
Address by request, Battery Point.
Address by request, Battery Point.
The tranquil setting feels worlds away yet places the homeowner on the doorstep of Battery Point’s cafes, parks and waterfront paths.
Mr McKay said Battery Point remains the pinnacle Tasmanian suburb for good reason.
“It’s the proximity to Hobart’s desirable lifestyle, being on the doorstep of the city and Salamanca,” he said.
“Its walkability holds appeal for many. Similar is found in Sydney and Melbourne, where historic suburbs near the water and the centre of the city are a place that people want to be.
“That might be Millers Point in Sydney, or Battery Point in Hobart.”
Mr McKay expects this home to appeal to buyers ranging from empty-nesters to executive couples to small families.
To request further information or an inspection, contact New Haus. It will be sold by expressions of interest over $2.65m-plus.
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Pennymac TPO is waiving a $99 credit report fee charged at closing for loans submitted through its POWER+ portal in December, the lender announced Wednesday.
“Qualified credit report fee waivers will be paid by Pennymac at closing—no action required by the partner,” the company said in a notice to brokers.
The move comes as credit report costs are expected to rise by about 50% in 2026, marking the fourth consecutive year of increases, according to resellers who spoke with HousingWire. The rising costs are tied to reports that originate with FICO data and flow through the three major credit bureaus — Experian, Equifax and TransUnion.
Pennymac said the fee waiver applies only to credit reports issued by the lender on new loans with application dates between Dec. 1 and Dec. 31. To qualify, loans must be submitted to Pennymac by Jan. 15.
Rapid rescore credit report requests are excluded. The loans will still be disclosed with reasonable and customary credit report fees, the company added.
Pennymac ranked as the second-largest U.S. mortgage lender from January through March, with $101 billion in production, up nearly 28% year over year, according to Inside Mortgage Finance. United Wholesale Mortgage held the top spot.
In the wholesale channel, Pennymac was the third-largest lender in the first half of the year, behind UWM and Rocket Mortgage. Company executives, including CEO and chairman David Spector, have said their goal is to double market share in the broker-direct channel to 10% by the end of 2026.
More broadly, lenders have been rolling out initiatives to manage rising credit report costs after multiple years of increases. One approach gaining traction — especially among brokers — is charging borrowers upfront. Other lenders are starting with a single-bureau report and ordering additional bureaus later in the underwriting process, once there is greater certainty the loan will close.
JKDS is a licensed New York State real estate brokerage firm. #10351200205