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Futuristic Feng Shui-Designed Malibu Mansion Once Asking $57 Million Heads to Auction The generational investment divide for Australians The Power Move of Working the 5-to-9 Before the 9-to-5 Broken Chandeliers and Oven Fires: What Happens When a Real-Estate Pro Damages a Listing? What the experts say the Federal Government’s budget means for the Australian housing market Aston Martin’s Muscular Vantage Is a Combination of Sophistication and Aggression Two Former Military Forts Floating off the Coast of England Head to Auction as Lavishly Amenitised Properties The Art Market is Down. A Cyberattack at Christie’s May Make Things Worse. Quirky Architectural Mansion Asking $7.69 Million in Palm Springs Puts a Spin on Old Hollywood Glamour The top suburbs where population growth is driving up property values Suddenly There Aren’t Enough Babies. The Whole World Is Alarmed. A Car That Costs as Much as a House Is the Latest ‘Dream’ of America’s Upper Middle Class Five Things You Should Stop Doing Before Applying For a Home Loan Manila’s Bel-Air Neighbourhood Is as Posh as It Sounds Marriage Takes Work—Especially When Only One Spouse Retires Australian Government Walks Fine Budget Line With RBA Primed to Hike New York City Reigns as the World’s Hub for Millionaires The Australian cities where working from home is still out of favour The Pricey-Yet-Chill Resort Town of Sitges Is Luring American Buyers Questions Potential Business Partners Should Ask Themselves

LATEST DAILY HOUSING MARKET DATA HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE Sydney $1,626,679 (+0.44%) Melbourne $992,456 (-0.10%) Brisbane $968,463 (-0.68%) Adelaide $889,622 (+1.18%) Perth $857,092 (+0.57%) Hobart $754,345 (-0.49%) Darwin $661,223 (-0.49%) Canberra $1,005,502 (-0.28%) National $1,046,021 (+0.17%)

UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE Sydney $747,713 (-0.42%) Melbourne $496,441 (+0.20%) Brisbane $533,621 (+0.58%) Adelaide $444,970 (-1.69%) Perth $447,364 (+2.63%) Hobart $527,592 (+1.28%) Darwin $348,895 (-0.64%) Canberra $508,328 (+4.40%) National $529,453 (+0.63%)

HOUSES FOR SALE AND WEEKLY CHANGE Sydney 10,090 (+30) Melbourne 14,817 (-21) Brisbane 7,885 (-45) Adelaide 2,436 (-38) Perth 6,371 (-16) Hobart 1,340 (-9) Darwin 235 (-2) Canberra 961 (-27) National 44,135 (-128)

UNITS FOR SALE AND WEEKLY CHANGE Sydney 8,781 (+13) Melbourne 8,195 (-49) Brisbane 1,592 (-18) Adelaide 423 (-4) Perth 1,645 (+13) Hobart 206 (+7) Darwin 401 (+2) Canberra 990 (+1) National 22,233 (-35)

HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE Sydney $800 ($0) Melbourne $600 ($0) Brisbane $640 ($0) Adelaide $600 ($0) Perth $650 ($0) Hobart $550 ($0) Darwin $700 ($0) Canberra $690 (+$10) National $662 (+$1)

UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE Sydney $760 (+$10) Melbourne $580 (-$5) Brisbane $630 (-$5) Adelaide $495 ($0) Perth $600 ($0) Hobart $450 ($0) Darwin $550 ($0) Canberra $570 ($0) National $592 (+$1)

HOUSES FOR RENT AND WEEKLY CHANGE Sydney 5,419 (-30) Melbourne 5,543 (+77) Brisbane 3,938 (+95) Adelaide 1,333 (+21) Perth 2,147 (-8) Hobart 388 (-10) Darwin 99 (-3) Canberra 582 (+3) National 19,449 (+145)

UNITS FOR RENT AND WEEKLY CHANGE Sydney 8,008 (+239) Melbourne 4,950 (+135) Brisbane 2,133 (+62) Adelaide 376 (+20) Perth 650 (+6) Hobart 133 (-4) Darwin 171 (-1) Canberra 579 (+4) National 17,000 (+461)

HOUSE ANNUAL GROSS YIELDS AND TREND Sydney 2.56% (↓) Melbourne 3.14% (↑) Brisbane 3.44% (↑) Adelaide 3.51% (↓) Perth 3.94% (↓) Hobart 3.79% (↑) Darwin 5.50% (↑) Canberra 3.57% (↑) National 3.29% (↑)

UNIT ANNUAL GROSS YIELDS AND TREND Sydney 5.29% (↑) Melbourne 6.08% (↓) Brisbane 6.14% (↓) Adelaide 5.78% (↑) Perth 6.97% (↓) Hobart 4.44% (↓) Darwin 8.20% (↑) Canberra 5.83% (↓) National 5.82% (↓)

HOUSE RENTAL VACANCY RATES AND TREND Sydney 0.8% (↑) Melbourne 0.7% (↑) Brisbane 0.7% (↑) Adelaide 0.4% (↑) Perth 0.4% (↑) Hobart 0.9% (↑) Darwin 0.8% (↑) Canberra 1.0% (↑) National 0.7% (↑)

UNIT RENTAL VACANCY RATES AND TREND Sydney 0.9% (↑) Melbourne 1.1% (↑) Brisbane 1.0% (↑) Adelaide 0.5% (↑) Perth 0.5% (↑) Hobart 1.4% (↑) Darwin 1.7% (↑) Canberra 1.4% (↑) National 1.1% (↑)

AVERAGE DAYS TO SELL HOUSES AND TREND Sydney 31.1 (↑) Melbourne 33.3 (↑) Brisbane 32.4 (↑) Adelaide 26.5 (↑) Perth 36.1 (↑) Hobart 32.7 (↑) Darwin 33.3 (↓) Canberra 32.4 (↑) National 32.2 (↑)

AVERAGE DAYS TO SELL UNITS AND TREND Sydney 31.7 (↑) Melbourne 32.1 (↑) Brisbane 31.5 (↑) Adelaide 23.9 (↓) Perth 41.0 (↑) Hobart 34.0 (↓) Darwin 44.6 (↓) Canberra 43.1 (↑) National 35.3 (↑)

Reading Time 3 minutes

The generational investment divide for Australians

A new report on the impact of cost of living pressures reveals a stark contrast between age groups in investment strategies

Reading Time 4 minutes

Futuristic Feng Shui-Designed Malibu Mansion Once Asking $57 Million Heads to Auction

Reading Time 3 minutes

What the experts say the Federal Government’s budget means for the Australian housing market

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The Power Move of Working the 5-to-9 Before the 9-to-5

Broken Chandeliers and Oven Fires: What Happens When a Real-Estate Pro Damages a Listing?

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quarterly

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PROPERTY

Reading Time 2 minutes

Two Former Military Forts Floating off the Coast of England Head to Auction as Lavishly Amenitised Properties

Both currently used as hotels, the two properties can be converted into a residential property for a buyer looking for the ultimate private escape

Reading Time 2 minutes

Quirky Architectural Mansion Asking $7.69 Million in Palm Springs Puts a Spin on Old Hollywood Glamour

By LIZ LUCKING 15/05/2024

The top suburbs where population growth is driving up property values

By Bronwyn Allen 14/05/2024

Five Things You Should Stop Doing Before Applying For a Home Loan

By Josh Bozin 13/05/2024

Manila’s Bel-Air Neighbourhood Is as Posh as It Sounds

By ROB CSERNYIK 13/05/2024

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money

Reading Time 3 minutes

The Art Market is Down. A Cyberattack at Christie’s May Make Things Worse.

The auction house plans for sales to proceed, including for a Warhol ‘Flowers’ estimated at $20 million

By KELLY CROW 15/05/2024

Reading Time 10 minutes

Suddenly There Aren’t Enough Babies. The Whole World Is Alarmed.

Birthrates are falling fast across countries, with economic, social and geopolitical consequences

By GREG IP, JANET ADAMY 14/05/2024

Australian Government Walks Fine Budget Line With RBA Primed to Hike

By JAMES GLYNN 12/05/2024

New York City Reigns as the World’s Hub for Millionaires

By LIZ LUCKING 11/05/2024

Questions Potential Business Partners Should Ask Themselves

By MOLLY BAKER 10/05/2024

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quarterly

Buy/subscribe now to Kanebridge Quarterly and stay above the noise and ahead of the crowd with Australia’s best news, advice and inspiration on property, investing and residential design.

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lifestyle

Aston Martin’s Muscular Vantage Is a Combination of Sophistication and Aggression

By JOHN SCOTT LEWINSKI 16/05/2024

A Car That Costs as Much as a House Is the Latest ‘Dream’ of America’s Upper Middle Class

By Jim Motavalli 14/05/2024

Marriage Takes Work—Especially When Only One Spouse Retires

By CLARE ANSBERRY 13/05/2024

A Texas-Built Hypercar, the 300 MPH Hennessey Venom, Is in the Running for the World’s Fastest Production Car

By Jim Motavalli 08/05/2024

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