Forbes Favorites 2023: The best luxury real estate stories of the year

From Beyoncé and Jay Z’s $200 million Malibu mansion to the billionaires who own more than 10 properties, the home runs in homes this year. Forbes started off 2023 by looking back at some of the record-breaking real estate sales of 2022, including Oracle cofounder Larry Ellison’s purchase of a 16-acre waterfront compound in Manalapan, […]

Melbourne’s luxe property market hits new heights after $74 million sale

Melbourne has officially (but not really) taken over as Australia’s most populous city. But looking at the southern town’s prestige property market, it may not be too long before it’s commanding the emerald city’s glittering prices. Melbourne’s prestige property market is performing exceptionally well because of high demand and low stock, although the luxury apartment […]

Beyoncé and Jay-Z buy $300 million Malibu estate – the most expensive home in California

Beyoncé Knowles and Jay-Z are known for breaking records, and now, they’ve broken the record for purchasing the most expensive home in California’s history. Knowles and Jay-Z, who’s real name is Shawn Carter, purchased a sprawling $200 million (A$300 million) Malibu, California estate. They reportedly got a discount, as the home was privately listed for $295 million. Designed […]

For sale: Inside Drake’s sprawling $131 million Beverly Hills mansion

Rich Flex? Toronto-born, Grammy award-winning rapper Drake is offloading his palatial Los Angeles home for a whopping A$131 million (US$88m). The artist purchased the home last spring from British rocker Robbie Williams and his wife, Ayda Field, for $75 million. While it’s not known exactly why he’s selling, it’s obvious why he purchased the home in the […]

What goes into a $50 million renovation? How Australia’s richest design their homes

When you’re dealing with home renovations that can run to $50 million, the clients aren’t like everybody else. Interior designer and former Aussie Queer Eye host Brendan Wong discusses those highest-tier clients.  Tell me about working with these very high-end customers There is something that sets apart these clients from the average property owner. They […]

Melbourne millionaire has $3 million McLaren craned into penthouse

A McLaren turning heads is nothing new on the streets of Melbourne but a McLaren being hoisted 57 floors into a skyscraper – well that’s going to get some attention. Millionaire property investor Adrian Portelli, commonly known as ‘Mr Lambo’, was the man behind the brazen request which saw his $3 million McLaren Senna GTR […]

Iconic beachfront block smashes Sydney real estate record

There could be no better representation of the old real estate adage, “location, location, location” as a very modest 1920s bungalow home overlooking the stunning beaches of Sydney’s Tamarama sells for an eye-watering $50 million price tag. The $50 million sale of “Lang Syne”, spanning arguably the most desirable three blocks of Sydney, has not […]

Versace fashion house cuts ties with luxury Australian hotel

Gold Coast’s iconic Palazzo Versace hotel has confirmed its agreement with the luxury fashion house will not be renewed, and will expire midway through 2023. Once Gold Coast’s most luxurious hotel, it opened in 2000 after Soheil Abedian, the founder of Australian property development company Sunland Group, visited the House of Versace in 1997 to […]