29% of U.S. Sellers Plan to List for More Than They Think Their Homes Are Worth
Buoyed by the current sellers’ market, homeowners now expect bidding wars and offers over their asking price, according to realtor.com survey. Read More
BY THE NUMBERS
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Need More Room? This Manhattan Triplex Comes With the Apartment Next Door
The four-bedroom condo in New York City’s Flatiron neighborhood has a rooftop with a spa and open downtown views. Read More
TAX TALK
Are Holiday Cottages Included in Canada’s Property Tax Hike Proposal?
The government is still working out the details on the potential fee increase on vacant properties owned by non-citizens. Read More
NEWS BITES
Victoria, Australia, Slashes Incentives for First-Home Buyers
First-home buyers in regional Victoria will no longer be able to receive a A$20,000 (US$15,530) grant from July 1, with the First Home Owners Grant set to halve to just A$10,000, according to the state’s new budget released on Thursday. Since March of last year, 78% of homes across outer Melbourne and regional Victoria had been purchased by first-home buyers, the budget papers revealed. However, there will be no change to the A$10,000 grant on offer for metropolitan first-home buyers. Domain
Australia Business Mogul Malcolm Steinberg Sells Perth Mansion in Four Days
A three-level riverfront mansion in Perth, capital of Western Australia, that was owned by entertainment business mogul Malcolm Steinberg and his wife, Frances, has sold for more than A$7 million (US$5.44 million) just four days after being listed. Mr. Steinberg, founder of Timezone, which owns more than 200 family entertainment centers across Asia and Australia, bought the property in 2014 for A$7.4 million. The home has four bedrooms, five bathrooms, a commercial kitchen, and an outdoor infinity pool and balcony. realestate.com.au
Gated California Compound, Once Home to Intel Co-Founder, Headed to Auction
The former Silicon Valley estate of the late Intel co-founder and physicist Robert Noyce—nicknamed “the Mayor of Silicon Valley”—is headed to auction next month. The 7,700-square-foot, hillside mansion in the San Francisco Bay Area has four bedrooms, a pool with a grotto, guest house, a tennis court, putting green and a three-quarter acre merlot vineyard. The compound has previously been on the market for $21.8 million. The Mercury News
Quebec City Ranks Top in Canada for Millennials
Quebec City is the most desirable spot in Canada for millennials to live, according to data from real estate portal Point2 Homes. The firm analyzed Canada’s 85 largest municipalities and considered factors including affordable housing, reliable income, good healthcare, life satisfaction and climate. Based on the data, Quebec City ranked top as the most attractive city for millennials, followed by Ottawa, Kingston, Halifax and St. John’s. The least attractive city for millennials, meanwhile, is Langley in British Columbia. Storeys
AROUND NEWS CORP
Real-Estate Frenzy Overwhelms Small-Town America: ‘I Came Home Crying’ [The Wall Street Journal]
Agent Warns of Bidding Wars as Scottish House Prices Rise Sharply [The Times of London]
Byron Bay Now More Expensive to Buy Than Sydney [news.com.au]
Kurt Cobain and Courtney Love’s Fixer-Upper Home Is for Sale [New York Post]