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Michael Jordan's $29 Million 56,000 Square Foot Mansion Auction Rescheduled on Dec. 16, 2013 [WATCH]

Michael Jordan's $29 Million 56,000 square foot mansion auction was reportedly rescheduled on Dec. 16, 2013. According to Concierge Auctions, the company responsible for putting up "Air" Jordan's house, the demand for the said mansion has increased so much in the last few days, with a lot of inquiries from potential buyers asking about it that they decided to postpone the previously scheduled Nov. 22, 2013 auction to Dec. 16, 2013.

What’s Quite Clear About Australian Property These Days

We went to our first house auction on the weekend. We wanted to see just how 'hot' this market is. It was a beautiful sunny day in Melbourne, and there was a small crowd gathered around the 'cosy' (read small) two bedroom weatherboard St Kilda home.

What Makes Australian Property a Smart Investment?

Australia remains one of the most sought-after countries on international property portal TheMoveChannel.com. Sydney, Perth and Melbourne are all high on the wish list of Down Under destinations. But what makes Australian real estate a smart investment?

Australian Housing Market: Mortgage Lending in the Spotlight

The Federal Reserve's surprising decision to keep QE going at its current rate is still front page news. While the US fiddles with monetary policy to meddle with house prices, the Australian government is set to interfere with banks in order to manipulate mortgage lending. If you've been reading the Daily Reckoning for a while, you know we are sceptical that government action like this produces the intended outcome.

House Prices Halve Without a Recession

You'll never guess the lead story on Bloomberg this morning. 'Australia Gold Coast Homes at 50% Below 2010 Lure Buyers'. A snazzy photo of the Gold Coast as seen from the Q1 Observation Deck featured.

Taiwan's Spectacular House Price Rises

A 15.43% rise Taiwan's Lutheran home price index during the year to end-Q2 2013, (14.52% inflation-adjusted) follows four years of unbroken house price increases, according to Sinyi Real Estate Planning and Research. The latest quarter was spectacular too: the home price index rose a record 7.45% (7.33% inflation-adjusted) in Q2 2013.

Housing Failure and Price Spikes

Financial types aren't known for their boxing prowess. But economist Saul Eslake took to the metaphorical ring this week and, with straight lefts and right hooks, beat Australia's housing policy to a pulp.

Top 5 Property Hotspots in Australia

Australia is consistently one of the most popular destinations for property on TheMoveChannel.com. The country's sunny weather and relaxed lifestyle has long been a big draw for overseas buyers looking for a new life Down Under.

Housing market slowly recovering in Australia

Australia's housing market is showing signs of recovery, backed by lower interest rates and improving affordability. The house price index for 8 capital cities rose by 2.6% (0.1% in real terms) during the year to Q1 2013, according to the Australian Bureau of Statistics (ABS). It was the second consecutive quarter with a nominal y-o-y increase, after a series of price drops since Q2 2011.

Brazil house prices continue to rise, albeit at a slower pace

Brazil remains one of the world's strongest housing markets, though house price increases are decelerating sharply. Brazil's composite FIPEZAP house price index rose by 11.9% (5.1% inflation-adjusted) during the year to end-May 2013, lower than the year-on-year increase of 19.9% seen over the same period last year.

UK Saw Home Prices Increase in May, Nationwide Reports

The property market is slowly recovering as the mortgage lender announced that the UK saw home price increase mildly in May. In fact, the country witnessed the fastest annual rate in 18 months as official initiatives started bearing fruits.

New Australian Home Buyers Aren’t Convinced

The key to blowing up a successful asset bubble is that you must constantly attract new money into the asset class you're trying to inflate. By that standard, yesterday's Australia's housing finance figures were better than expected but worse than required. The numbers were up. But new home buyers have not yet been bullied into the market by lower rates.

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