{"id":24965,"date":"2019-03-08T13:45:06","date_gmt":"2019-03-08T02:45:06","guid":{"rendered":"https:\/\/realestatetalk.com.au\/?p=24965"},"modified":"2019-03-08T13:45:06","modified_gmt":"2019-03-08T02:45:06","slug":"fake-real-estate-news-nzs-worst-house-celebs-come-to-terms-with-the-market","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/fake-real-estate-news-nzs-worst-house-celebs-come-to-terms-with-the-market\/","title":{"rendered":"Fake real estate news + NZ\u2019s worst house + Celebs come to terms with the market"},"content":{"rendered":"

We\u2019re back with Kieran Clair and Kevin Turner as they discuss interesting stories in the real estate industry this week.<\/p>\n

First up is the rise of real estate\u2019s equivalent of fake news<\/a><\/u><\/strong>. As digitally removing blemishes from walls, sprucing up a shade of paint, or adding classy furniture can be easily achieved in skilled hands, photo manipulation has become widespread.<\/p>\n

And it\u2019s wreaking havoc on consumer and buyer trust in real estate.<\/p>\n

\u201cThis is a really new technology,\u201d Denee Evans, chief executive of the Council of Multiple Listing Services said. \u201cIt\u2019s just starting to bubble up questions as to where is that line.\u201d<\/p>\n

This is a risk especially for buyers who purchase property without seeing the actual property, especially since more and more sight-unseen buyers are popping up in wealthy locales.<\/p>\n

It\u2019s fine to touch up photos as long as there\u2019s a disclaimer that it\u2019s not the actual photo. Better yet, owners and professionals both can compare actual and touched up photos side-by-side so buyers at least have an idea of what a property can look like with some renovation.<\/p>\n

Honestly, though, we don\u2019t really see the point of touching up photos since buyers are going to eventually see the actual property anyway. But if you\u2019ve got some insight into this, we\u2019d love to hear them.<\/p>\n

For our second story, we have New Zealand\u2019s worst house<\/a><\/u><\/strong>. A house so bad that even the agent calls it nasty and says \u201cYou won\u2019t find anything much cheaper than this or any worse.\u201d<\/p>\n

It\u2019s definitely a unique sales pitch, but what makes it so bad? Well, it\u2019s opposite a slink factory, also known as a place that processes dead lamb and calf skins, and it\u2019s surrounded by overgrown trees.<\/p>\n

If that doesn\u2019t make you curious, get a load of this quote from the agent: \u201cThis is an opportunity to get on the property ladder and with a lot of hard work you could make something out of the 4 bedroom house\u2026 or get the local fire department to burn it as a training exercise and start again.\u201d<\/p>\n

Look at the photos and let us know if you\u2019ve seen a house like it.<\/p>\n

A good many people would probably jump at the chance to own a vineyard. If you\u2019re one of them, then you\u2019ll be pleased to know that one of Queensland\u2019s most popular wineries is on the market<\/a><\/u><\/strong>. Located about half an hour from the coast\u2019s glitter strip, the Mount Tamborine Vineyard & Winery is a well-known tourist destination and home to one of Queensland\u2019s most visited cellar doors.<\/p>\n

As the current owners are ready to move on to other business opportunities, their willing to sell the 20 year-old award-winning winery. The Mount Tamborine property has dual-road frontage as well as 1200 sq.m. of commercial zoning consisting of a restaurant, retail store, wedding and events venue, cellar door and two sub-leased stores.<\/p>\n

Migration figures are strong in the Gold Coast so a property like this is great for cashed-up people looking to move to Queensland.<\/p>\n

Next, we have a heartwarming story from CoreLogic<\/strong>. The real estate company is supporting the Townsville community to ensure their well-being after being hit by flood. As Townsville was the place where RP Data was born, they want to give back and give aid while the people are having a tough time. In fact, founder Ray Catlin started RP Data by walking around the community and taking photos of every house that was sold.<\/p>\n

CoreLogic will also support business by providing the next three months of their RP Data Professional subscription free of charge.<\/p>\n

For our last story, we\u2019re going to explore the realms of the rich and famous. Celebrities in the UK are slashing millions off the sale price of their mansions<\/a><\/u><\/strong> as the United Kingdom suffers its worst housing slump in 20 years.<\/p>\n

Singer and songwriter Noel Gallagher is selling his stucco-fronted five-bedroom semi. Located in one of West London\u2019s top locations, Regent\u2019s Canal in Little Venice, Gallagher put his house on the market for \u00a311.5 million in 2016. Now, it\u2019s selling for \u00a38.95 million.<\/p>\n

Former Manchester United star Roy Keane first put his Hale mansion for sale in 2010. It had a whopping \u00a39.5 million price tag. After failing to find a buyer for the stunning mansion, he lowered the price to \u00a36.45 million.<\/p>\n

Queen of Baking Mary Berry first put a \u00a34 million price tag on her Buckinghamshire home. The 18th-century farmhouse has six bedrooms, a duck pond, a two bedroom cottage, a tennis court, and wine cellars. She has lowered the price to \u00a33.45 million last year.<\/p>\n

Singer Rod Stewart put his home of 30 years on the market for \u00a37.5 million in 2016. When it still failed to sell \u2014 after he further reduced the price by \u00a3550,000 \u2014 he dropped the price even further to \u00a34.725 million. The word on the street is that the Essex home is now on offer.<\/p>\n

But if there has to be a winner, then it\u2019s definitely Mel Gibson<\/strong>. He\u2019s not a UK celebrity, but he cut down his selling price by a whopping $160 million<\/strong>, from $175 million to $15 million.<\/p>\n

It only makes us wonder how much \u201cstar value\u201d is given to these houses. It\u2019s definitely an interesting question to ponder.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

We\u2019re back with Kieran Clair and Kevin Turner as they discuss interesting stories in the real estate industry this week. First up is the rise of real estate\u2019s equivalent of fake news. As digitally removing blemishes from walls, sprucing up a shade of paint, or…<\/p>\n","protected":false},"author":176692473,"featured_media":24966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[10,11,13,19,25,29],"tags":[70,131],"class_list":["post-24965","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-news-update","category-sponsored-channels","category-video","tag-featured","tag-videos","post_format-post-format-video"],"yoast_head":"\nFake real estate news + NZ\u2019s worst house + Celebs come to terms with the market - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/fake-real-estate-news-nzs-worst-house-celebs-come-to-terms-with-the-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fake real estate news + NZ\u2019s worst house + Celebs come to terms with the market - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"We\u2019re back with Kieran Clair and Kevin Turner as they discuss interesting stories in the real estate industry this week. 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