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Somebody has decided to rent Donald Trump’s childhood home. The property in Jamaica Estates, Queens, which sold for $2.14 million at auction in January, reportedly went on the rental market on Thursday. Less than a day later, 85-15 Wareham Place has a tenant. The identity of the person who wants to sleep in the five-bedroom Tudor the president lived in until he was about 4 years old has not been revealed, but the broker told DNAinfo that the future occupant signed a long-term (at least a year) lease and the property rented for more than the asking price of $3,500 per month.

Trump’s home went up for sale last year, and languished on the market until its owners decided to put it up for auction in October — which they later postponed, figuring they’d get more money if Trump pulled out a win. A Manhattan real-estate investor scooped up the property in December for $1.39 million, which he flipped for a profit at auction ahead of the inauguration. The identity of the mysterious purchaser of Trump’s home is hidden behind Trump Birth Home LLC, though it’s believed to be a woman in China.

But a renter to make Trump Birth Home great again is good news. Neighbors complained recently that the house had become something of an eyesore on the block, with overgrown grass that harbored “various pests and neighborhood cats.” As a local resident complained to DNAinfo in June, “This is what $2 million gets you — an abandoned house and a foreign investor in your neighborhood.” Weird, sounds familiar.

Source: NYMAG

Australia’s posted its second-highest nominal trade surplus on record for February supported by commodity prices.

The country’s seasonally adjusted trade surplus was A$3.57bn ($2.71bn) for the second month of the year, well above economists’ estimates of A$1.9bn and bringing it close to December’s record of A$3.7bn (previously A$3.51). The February figure shows a rebound from January’s A$1.5bn (previously $1.3bn) surplus.Andrew Hanlan at Westpac said imports were the “major swing factor” over the past two months. Imports jumped 3.7 per cent, or A$1.1bn, in January, chewing into the surplus for that month, but then retreated 5.3 per cent, or A$1.6bn, and leaving imports down 1.8 per cent over the two-month period.

He predicts net trade may have subtracted 0.4 percentage points from real gross domestic product growth in the first quarter and expects a 0.5 per cent quarter on quarter rise in GDP for the first three months of the year. The Australian dollar was trading flat at $0.7608, however the data saw the currency swing from a loss of as much as 0.2 per cent to a gain of 0.1 per cent. Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don’t cut articles from FT.com and redistribute by email or post to the web.

Source:FT

In partnership with Metro Property Development, a largest developer in Brisbane,  Golden Emperor hosted ‘Investing in Brisbane’ seminar on last weekend. Broadway On Ann, a residential development in Brisbane, was launched at our event as well and attracting many customers and investors attended over the weekend.

Above: Many customers and investors attended the weekend seminar.

Above: Cubie Chan, Project Director of Golden Emperor, provided a presentation on Brisbane property market.

Above: Our clients in Hong Kong can enjoy the special offer during this event.

A record 1.2 million Chinese tourists visited Australia in 2016, according to data released by the Australian Bureau of Statistics (ABS), which helped drive up Australia’s visitor expenditure figures.

The International Visitor Survey (IVS), published on March 15 by Tourism Research Australia, showed foreign tourists spent a record 39.1 billion Australian dollars (29.6 billion U.S. dollars) throughout the year ending December 2016, a 7-percent rise on the previous year, with Chinese visitors accounting for almost a quarter of that figure.

In a statement accompanying the IVS, Australian Trade Minister Steven Ciobo said tourism was beginning to become one of Australian economy’s most important assets, considering the rise of the middle class in Asian nations such as China.

“Spending by international visitors to Australia has now grown by more than 35 percent in the last three years — supporting Australian jobs and the broader Australian economy,” said Ciobo.

The rapid increase in the number of Chinese visitors to Australia has had a huge positive impact on local retailers.

According to the Deloitte Access Economics Retail Forecasts report, tourist retail spending from Chinese visitors accounts for 1.05 billion U.S. dollars.

Deloitte Access Economics partner David Rumbens, lead author of the report, told Xinhua that the number is set to increase by four times in the next decade.

“Chinese tourism is a significant contributor to the sector,” Rumbens said.

With the China-Australia Year of Tourism well underway in 2017, Australia is making great efforts to get itself prepared, ranging from adding some 1,000 new hotel rooms to market to huge investments in aviation projects, including new aircraft orders.

Australia recently expanded its 10-year visitor visa to Chinese citizens, while respective authorities signed an “open skies agreement,” removing aircraft capacity restrictions on the seemingly lucrative China-Australia routes in anticipation of increased demands.

Source:Ecns.com

Brisbane’s most lavish home has sold for a record breaking and staggering price of $18.48 million. The opulent three storey mansion has sweeping views over the Brisbane river and city skyline, as well as five bedrooms, a resort style infinity pool, a climate controlled wine cellar and surround sound home movie theatre.

The previous record was held by mining magnate Gina Rinehart who purchased a waterfront home in Aaron Ave, Hawthorne for $14 million.

The home is located in the exclusive Kangaroo Point area in Leopard Street, it was on the market just five weeks before being snapped up by an anonymous buyer.

Agent Matt Lancashire, of Ray White New Farm claimed the exclusive home to be, ‘Brisbane’s property offering of the century’.

‘You have to see it to truly understand it. There is nothing – and has never been anything else – to compare it to,’ he told Domain.

Lancashire said this sale was indicative of the current upscale property market climate in Brisbane this year. He also told Domain he alone has generated $61million in sales from the past 90 days, exclusively with homes over $5million.

Source: Domain