Actor Christian Slater’s Miami Home Sells Over Ask At $6.07 Million
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Actor Christian Slater’s Miami Home Sells Over Ask At $6.07 Million

The palm tree-lined property in Coconut Grove listed last month asking $5.63 million

By VIRGINIA K. SMITH
Wed, Aug 17, 2022 10:11amGrey Clock < 1 min

“Heathers” and “Mr. Robot” actor Christian Slater’s longtime Miami home has sold for around $6.07 million, Mansion Global has learned.

The four-bedroom property in Miami’s exclusive Coconut Grove neighbourhood had listed for $5.63million in early July, Mansion Global reported at the time. It sold within three days of listing, according to representatives from Compass.

“This was a very special property, a charming and secluded home on a large lot along one of the [neighbourhood’s] most desired streets,” said listing agent Liz Hogan of Compass. (Ms. Hogan shared the listing with colleague Charles Celesia.) “Though the market has cooled a bit, this sale exemplifies the continued incredible demand for move-in ready luxury properties across South Florida’s most sought-after neighbourhoods.”

Mr. Slater, 52, had purchased the property for around $3.15 million in 2013, according to records. He was not available for comment.

With extensive palm trees and landscaping providing a sense of privacy, the sun-filled home features ample entertaining space on the first floor, as well as rooftop terrace, a guest house, and a spacious backyard pool, lawn and patio area, per the listing.

The buyer, who could not be identified, purchased through a limited liability company, and was represented by Jeannette Behrens with Berkshire Hathaway HomeServices. Ms. Behrens was not immediately available for comment.

Reprinted by permission of Mansion Global. Copyright 2021 Dow Jones & Company. Inc. All Rights Reserved Worldwide. Original date of publication:  August 16, 2022.

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RMIT expert says a conflation of factors is making the property market hard than ever to predict

By Robyn Willis
Thu, Oct 6, 2022 9:52am < 1 min

A leading property academic has described navigating the current Australian housing market ‘like steering a ship through a thick fog while trying to avoid obstacles’.

Lecturer in RMIT’s School of Property Construction and Project Management Dr Woon-Weng Wong said the combination of consecutive interest rate rises aimed at combating high inflation, higher property prices during the pandemic and cost of living pressures such as the end of the fuel excise that occurred this week made it increasingly difficult for those looking to enter or upgrade to find the right path.

“Property prices grew by approximately 25 percent over the pandemic so it’s unsurprising that much of that growth ultimately proved unsustainable and the market is now correcting itself,” Dr Wong says. “Despite the recent softening, the market is still significantly above its long-term trend and there are substantial headwinds in the coming months. Headline inflation is still red hot, and the central bank won’t back down until it reins in these spiralling prices.” 

This should be enough to give anyone considering entering the market pause, he says.

“While falling house prices may seem like an ideal situation for those looking to buy, once the high interest rates, taxes and other expenses are considered, the true costs of owning the property are much higher,” Dr Wong says. 

“People also must consider time lags in the rate hikes, which many are yet to feel to brunt of. It can take anywhere from 6 to 24 months before an initial change in interest rates eventually flows on to the rest of the economy, so current mortgage holders and prospective home buyers need to take this into account.” 

 

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