Celeb homes no one wants + How China sees our performance + Slow death of an Aussie icon and more!

Michelle Delaney of Better Homes and Gardens Real Estate joins Kevin Turner in this week’s episode of Property News Update! Tune in as they discuss the following property stories from around the world:

  • China is once again look at the Australian property market with interest as the industry experiences a revival in auction demand. Chinese analysts and experts are hopeful, saying that the market has the right catalysts for a rebound.
  • 15th season of reality program, The Block, features a real estate agent as a contestant for the first time. The 10 lucky contestants have been chosen from a pool of over 45,000 entries and stand the chance of winning $100,000 in prize money along with any profit made when their apartments go up for auction.
  • An Australian icon is dying a slow death amidst the rise of supermarkets, petrol stations, and on-demand smartphone apps. The beloved milk bar (or deli or corner store) hasn’t just shut up shop overnight, but has been losing out gradually for at least 40 years.
  • Mayor of London clashes with private landlords over call for new powers imposing rent controls in the U.K. capital. Mayor Khan says that renting a one-bedroom flat in London is now as expensive as buying a three bedroom house in other parts of England.
  • Celebrity homes no one wants. Despite the world-famous names associated with these houses and the price cuts they have gone through, there have been no takers for these sprawling properties.

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