Ritziest Suburbs Fall Hardest Since GFC Peak: RP Data-Rismark

AFTER what has been a largely bleak economic backdrop, the country’s most affordable suburbs are performing better than its ritziest.

According to research group RP Data-Rismark, exclusive suburbs including Mosman Park in Perth and Hunters Hill in Sydney (pictured, right) have reported drastic median price drops of more than 30 per cent since “the peak”, which it deems to be August 2008 (about six months after when many agents say the downturn started in the large Sydney and Melbourne markets).

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Livinia Nixon Sells Historic Middle Park Home

WEATHERGIRL and television show co-host Livinia Nixon (pictured), with husband Alistair Jack, a builder, have offloaded their renovated Middle Park home.

The double storey, four-bedroom red brick home is understood to have sold for about $3.5 million, sources speculate, after passing in at auction earlier this month for $3.42 million.

Jack, and Nixon, who married in 2009 and welcomed new son Henry in January, are now reportedly looking for another “renovation rescue” project.

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Toorak’s Little Milton Hits The Market, Price Expectations Circa $13 Million

LITTLE Milton, the luxurious home of late businessman and Corona Group executive John Batkin quietly hit the market this week.

The circa 1926, five-bedroom mansion (pictured, right) is at the north-east corner of Whernside Avenue, and Albany Road – which most advocates and agents agree is Toorak’s most expensive street.

Recently, a new tennis court was developed atop a 12-car underground garage, Little Milton’s overall block size is 2476 square metres.

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Tony Mokbel’s Former Brunswick Mansion Hits The Rental Market

DIEHARD underbelly fans can live a piece of the underworld lifestyle, with Tony Mokbel’s former family home, in Brunswick, quietly hitting the rental market.

The five bedroom mansion at 9 – 11 Downs Street (pictured, right) was offered for sale early last year, but the listing, nor sale – which settled earlier this year – could be reported because of a recently lifted suppression order.

The new owners are asking $1300 per week for the double-storey home which police believe Mokbel funded through drug activities. The registered owner while he occupied the home was Mokbel’s sister-in-law, Renate.
Ownership of the Brunswick property was transferred to the Attorney General of Victoria in late 2009, under the Confiscation Act 1997.

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Rove McManus sells Richmond mansion for $3.4 million

ENTERTAINER Rove McManus has sold his Richmond home for $3.4 million – returning a nifty profit on the $1.9 million he paid in 2003.

McManus, who recently moved to the US and paid $1.2 million for a house in Hollywood, listed the 144-year old Docker Street home for sale earlier this year.

It was advertised to sell for about $3.5 million, and was deemed “on the market” when bidding hit $3.31 million.

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