Day: June 26, 2020

A Record 27% of Homebuyers Are Looking to Move to Another Metro

A growing share of Redfin users look to leave the Bay Area, Washington, D.C. and Seattle for places like Sacramento, Las Vegas and Nashville.

A record 27.0% of home searchers looked to move to another metro area in April and May 2020, a new high in the share of users searching for homes outside their area. It’s up from 25.2% in the second quarter of 2019 and 26.0% in the first quarter of this year.

The latest migration analysis is based on a sample of more than 1 million users who searched for homes across 87 metro areas

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Morning Star Estate, Mt Eliza: ‘Hollywood money’ eyes listing

Morning Star Estate is in sights of cashed-up Aussies overseas.

US-based buyers are already circling Mt Eliza’s famed Morning Star estate, which hit the market for $40 million late last week.

“There’s Hollywood money looking, and money out of New York and Chicago,” Michael Keating International director Michael Keating said.

“They’re all Aussie expats. COVID-19 is making Aussies overseas realise just how wonderful a place they’ve got at home.”

RELATED: Morning Star Estate, Mt Eliza for sale for $40 million

Chinese developer pays $36.2m for Morning Star Estate, Mt Eliza

Morning Star Estate, Mt Eliza, hits market for $30 million-plus

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