Author: Eliza

Elon Musk’s drastic move after landlord dispute

Elon Musk To Buy Twitter

Elon Musk’s net worth has reportedly dropped by $200bn since purchasing Twitter.

Twitter’s new CEO Elon Musk has received criticism after choosing not to pay the rent for the company’s headquarters in San Francisco.

Musk took over the social media platform in October last year and has faced a turbulent few months as thousands of employees have been laid off and revenue has significantly dropped.

According to a lawsuit filed this week, the company owes $199,000 in unpaid rent – with the company forced to downsize from six floors to two.

Billionaire Tesla chief Elon Musk, pictuted in October, carrying a sink as he enters the Twitter headquarters in San Francisco. Picture: Twitter

Reports suggested Shornstein Properties, which owns the building with JPMorgan, is negotiating after Twitter missed the deadline to refinance the $400m loan on the property.

The company is also being sued for failing to pay almost $293,000

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LA County to pay $20M for Black family’s seized land

LOS ANGELES (AP) — Southern California beachfront property that was taken from a Black couple through eminent domain a century ago and returned to their heirs last year will be sold back to Los Angeles County for nearly $20 million, officials said Tuesday.

The heirs’ decision to sell what was once known as Bruce’s Beach was announced by Janice Hahn, chair of the county Board of Supervisors, and state Sen. Steven Bradford, who led local and state governmental efforts to undo the long-ago injustice.

“This fight has always been about what is best for the Bruce family, and they feel what is best for them is selling this property back to the County for nearly $20 million and finally rebuilding the generational wealth they were denied for nearly a century,” Hahn said in a statement.

Bradford, who authored the state legislation that enabled the land’s return, said he supported the

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Quirkiest moments of Gold Coast real estate in 2022

The Gold Coast delivered on quirk in 2022

FROM weird sale amounts and media-hungry agents to eye-popping auctions and influencers behaving badly, the Gold Coast property market is always entertaining.

Among the quirkiest moments of real estate in 2022, a local model was caught

by security camera stripping down to a bikini to pose in front of a luxury new duplex at Palm Beach, which was marketed by Ed Cherry, of Harcourts Coastal.

CCTV footage showed brand influencer Holly Cheesman dropping her jeans to have her photo taken in front of the Jefferson Lne property’s aesthetic facade.

The snap of Ms Cheesman in a colourful string bikini became her Instagram profile picture, while pants-down footage of the bold stunt was also shared to social media by the home’s owner-builder, Nick McDonald.

Bikini model Holly Cheesman when she posed in front of a luxury villa for sale

Supplied Editorial 136 Jefferson Lane Palm Beach pics 1-4 of 4

Machtech’s photogenic home for

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What the experts say: Where to buy a home in Brisbane in 2023

It has been a rollercoaster ride for Queensland buyers and sellers over the past few years, with soaring sales highs during the pandemic property boom to daunting lows as interest rates were swiftly ratcheted up and borrowing powers crashed.

But while the red hot heat has come out of the market, buyers now have an opportunity to find a home without the FOMO and stiff competition.

Sellers are also meeting the changing market.

So we asked some of Queensland’s property titans to reveal their suburb picks for 2023, for first home buyers, families and those with deeper pockets.

Here, Ray White Qld CEO Jason Andrew (JA), Belle Property Qld boss Jon Iceton (JI), LJ Hooker Qld general manager Stephen Mutton (SM), McGrath National Manager (Sales) Troy Malcolm, Harcourts CEO Mitch Peereboom and Place managing director Sarah Hackett (SM) share their insider knowledge on the suburbs to watch.

Sarah Hackett, Place

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Frank Lloyd Wright: Striking California farm of famed architect up for sale

Picture credit: Crosby Doe/TopTenRealEstateDeals

Fawcett farm of Frank Lloyd Wright. Picture credit: Crosby Doe/TopTenRealEstateDeals

The final property of one of the world’s most-celebrated architects, Frank Lloyd Wright, has come up for sale.

A stately home on a 38.8ha ranch in Los Banos, California — known as The Fawcett Farm — was known to be one of Wright’s final projects.

Considered a “Usonian” home, a word coined by the architect to describe the New World character of America’s architectural landscape, it belongs to a group of 60 single-family homes designed in the latter part of Wright’s career.

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Melding elements of the mid-century-modern style with Wright’s Prairie School, the house was completed two years after Wright’s death in 1959.

The house’s original owners, Stanford football-star Buck Fawcett and his

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Ex Wallabies captain selling Camp Hill home as he cuts ties with QLD

News Corp Australia

News Corp Australia Network

This property at 8 Henderson St, Camp Hill, is on the market.

FORMER Wallabies captain Ben Mowen is preparing to say goodbye to Brisbane, with his Camp Hill Queenslander now on the market.

Mowen and his wife Lauren purchased the two-storey home back in 2015, but with opportunities now beckoning in southern New South Wales, the couple is selling the family home and preparing to move to Gundaroo, just outside of Canberra.

Former Wallabies captain Ben Mowen has put this house at 8 Henderson St, Camp Hill, on the market.

The double-block Queenslander at 8 Henderson Street dates back to 1917 and has been owned by only four families in its 105-year history.

“We’ve inherited lots of photos from previous owners including the original deeds and pictures of each renovation that’s happened along the way,” Mr Mowen

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Cairns real estate: Prestige and luxury homes attract southern buyers

Luxury homes in capital cities routinely command stratospheric prices, but the Far North has its share of dream homes attracting plenty of interest.

Whether it’s a sprawling beachfront residence oozing Hollywood glamour, a private retreat amid woodland on the Cassowary Coast or an imposing new home with stellar views, there are eye-catching homes for an elite echelon of buyers.

While for most of us, it’s a case of Darryl Kerrigan from iconic movie The Castle scoffing ‘tell ‘em they’re dreaming’ as we drool over pictures of vast swimming pools and idyllic bathtubs, for southern buyers, the hefty price tags aren’t so daunting.

Property tycoon Alex Sekler has just relisted his landmark mansion with a swimming pool on the first floor as well as a resort-style pool facing the ocean – it was briefly listed with Sotheby’s before it underwent a makeover from a buttery yellow to crisp white.

Alex Sekler’s

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Victorian homes where sellers took a loss in 2022 after buying in 2021

The agent of 11 Viola Ave, Brooklyn, would not comment on the sale.

Sellers who strike it rich — especially in a short amount of time — are often celebrated in real estate. But there is, of course, a sadder side to the market.

Victorian vendors who copped significant losses on the property market after buying homes in 2021 and then selling in 2022 have been revealed in new PropTrack data.

But, unsurprisingly, real estate agents involved with the sales were not keen to comment when called by the Herald Sun, with sensitive situations including health crises behind the scenes.

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No. 34 Merrin Cres, Wonthaggi, sold for about $120,000 less in the space of a year.

Real Estate Institute of Victoria president Andrew Meehan said

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Dial-a-Dump founder Ian Malouf breaks Palm Beach record with $40m purchase

Ian Malouf and Superyachts

Rich lister Ian Malouf and his daughter Ellie aboard their superyacht Mischief. Ian Malouf has broken Palm Beach’s property record. Picture: John Feder/The Australian

The cashed-up garbo turned yacht broker Ian Malouf has smashed the residential price record at Sydney’s pricey summer playground, Palm Beach.

He has spent around $40m on the luxury beachfront home, Anakela overlooking Pittwater, which will be a getaway for Malouf, his wife, Larissa and their five children, Jack, Max, Ed, Lara and Ellie.

The double fronted 1948 sqm property was bought last week off market from the Uncle Toby’s breakfast cereal company founder Doug Shears.

It bettered the existing $27m beachfront record set three doors away when the hospitality entrepreneur John Szangolies bought last year from Virginia Nelson, widow of the tobacco wholesaler tycoon, Arthur Nelson.

It’s a who’s who of Sydney along Iluka Rd including publican Arthur Laundy, retailer Nick Scali, Laser Clinics Australia

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Slick Aberfeldie ‘party house’ with rooftop bar hits the market

No. 102 Fawkner St, Aberfeldie, is striking from the front.

A four-level Aberfeldie “party house” with a rooftop bar, indoor pool and spa, sauna and home office will have its buyers never wanting to leave home.

The five-bedroom, five-bathroom pad beside the Maribyrnong River at 102 Fawkner St is on the private sale market for $3.4m-$3.6m.

Barry Plant Essendon agent Walter Mahch said the five-month-old property was constructed by the builder who was now selling it.

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“It’s two doors away from Maribyrnong River and it’s got a city view as well,” he said.

“You can swim in the pool 12 months a year because it’s an indoor

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