Here Are the Places Where Black Homebuyers Are More Likely to Be Denied a Mortgage

Nationwide, 1 in 6 Black mortgage applicants is turned away when applying for a mortgage, compared with 1 in 14 white applicants. The gap is even wider in the most segregated parts of the country. Banks most frequently cite debt and credit history when denying Black applicants, but bias in lending also plays a role.

Nationwide, 15.9% of Black Americans who apply for mortgages are rejected, compared with just 7% of white Americans. The gap is widest in Milwaukee, San Francisco, Detroit, Chicago and St. Louis, where denial rates for Black homebuyers are more than 10

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Coronavirus: Melbourne public auction ban returns for six weeks

Auctions won’t return to Melbourne for at least six weeks. Picture: Andrew Henshaw

Face-to-face auctions and open for inspections have been banned once again across metropolitan Melbourne.

In a blow to the real estate industry, on-site sales will have to be scrapped across the city from midnight on Wednesday, July 8, as the state government attempts to bring rising coronavirus rates under control.

Remote auctions and inspections by appointment will be allowed to continue.

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Sam Armytage sells in North Bondi for ‘early three millions’

The North Bondi home had a price guide of $2.8 million but sold after less than two weeks for the “early three millions”.

The sold sticker has gone up on the North Bondi home of Sunrise co-host Sam Armytage after less than two weeks on the market and it’s sold for well above price expectations, fetching the “early three millions”.

Phillips Pantzer Donnelley gun Alexander Phillips had a $2.8 million price guide for the three-bedroom, two-bathroom freestanding double-storey beach house.

But after less than two weeks on the market, Phillips had three buyers fighting over it. She’s understood to be

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Victoria & Burke, Camberwell to have ‘London’-style secret garden

A private park that’s pet friendly awaits buyers of the Victoria & Burke development.

A new Camberwell apartment development is embracing the hallmarks of London’s most exclusive enclaves, providing residents with a private park.

The 16-apartment Victoria & Burke complex will feature a secret garden with a 200-year-old blue gum on 400sq m — the size of a modern house block.

CBRE Residential director Andrew Leoncelli said with tall hedges for privacy and landscaping by Jack Merlo, the garden will bring something few apartment projects can offer: space.

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Kim Kennedy: artist

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Luxury Home Prices Dropped 2.3% This Spring

Momentum in high-end home-price growth changed course with the onset of the coronavirus pandemic, but the latest data shows luxury home prices are starting to rebound.

The median sale price for luxury homes nationwide dropped 2.3% year over year to $1,099,521 in the 12 weeks ending June 14, one of the biggest declines since at least the beginning of 2015. But the latest data shows the luxury market may be starting to rebound, with the median sale price for homes in the top 5% rising 3.5% year over year for the 7-day period ending June 14 (the shorter timeframe has

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