Mansion Global Daily: Mortgage rates weigh on home sales, US homeowners’ net worth jumps 25.3%, and more

Australian household wealth has taken a hit due to the slowdown in the housing market

Australian households lost a total of A$484 billion ($314 billion) in wealth during the second quarter due to falling house prices, according to the latest data from the Australian Bureau of Statistics. “This is the first quarterly decline in household wealth since the start of the pandemic and coincides with mounting pressures on the cost of living and rising interest rates,” the chief said Thursday. from the office, Katherine Keenan. Average wealth per person fell by A$20,151, or 3.3%, to A$553,954 at the end of the June quarter, in which residential property prices fell for the first time in two years. real estate.com.au

£1.6million house in Cornwall, England, with sea views

Bojowan, a charming house in Cornwall in the South West of England which has sea views and a sandy beach is on the market with a list price of £1.6m (£1.77m). U.S. dollars). Situated on an elevated plot, the home features five bedrooms, an open-plan dining room and kitchen, and a living room with five-panel windows and patio doors that open onto a wrap-around deck. “This is a lovely home in a stunning location, perfect as a permanent home or a wonderful vacation home with a thriving Airbnb business underway,” said listing agent Sean Anderson of Savills. country life

US homeowners’ net worth jumped 25.3% in the second quarter

The average homeowner’s net worth per borrower in the United States reached $298,380 in the second quarter, a jump of 25.3% from the same period last year, according to data from CoreLogic. That translates to a $3.6 trillion gain for homeowners with mortgages, who make up about 63% of all homes, the real estate news firm said. Compared to the first three months of the year, average homeowners’ net worth rose 6.6%, a slower pace than the quarterly gain at the end of March. “Slower house price growth will slow gains in home equity,” said Molly Boesel, economist at CoreLogic. msn

‘Jersey Boys’ manager sells Connecticut home for $6.5 million

Broadway musical director Des McAnuff and his wife, Bryna McCann, have sold their Weston, Connecticut home for $6.5 million, the highest price in the area in 17 years. Mr McAnuff won two Tony Awards for directing ‘Big River’ in 1985 and ‘The Who’s Tommy’ in 1993, and was nominated again in 2006 for ‘Jersey Boys’. He bought the 15-acre lot in 2011 and had a house built in 2013. It has 8,500 square feet of living space with four bedrooms and three bathrooms. The real deal

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