Where Will Rihanna Raise Her New Baby Boy?

‘Bad gal Riri’, better known as Rihanna, is a Barbadian R&B singer, businesswoman and NEW MUM! Everyone has been raving about Rihanna’s baby boy and her relationship with rapper A$AP Rocky – but who didn’t know that? It’s Riri! 

But something you might not know is that Rihanna has one of the most IMPRESSIVE real estate portfolios. 

With Rihanna welcoming her first child and recently reaching BILLIONAIRE status, where will she be raising her family?

(Image: @badgalriri)

Rihanna the Property Investor 

Thanks to her widely popular Fenty makeup brand, Rihanna has become the world’s wealthiest female musician. She has definitely become the definition of ‘Girl Boss’. With that, and the continued success of her brand, Rihanna has made many smart property investments.

Over the years, she has owned, rented and sold several homes: 

1. Luxury New York Penthouse 

2. Mediterranean-style Mansion, Hollywood Hills, California

3. Beachfront Condo, Barbados

4. London Mansion 

 

 

5. Mansion in Pacific Palisades, California 

 

But these are just a FEW of the properties that Rihanna has called home. Her favourite is believed to be her most stunning home, which may be where she plans to raise the newborn baby. 

Rihanna’s Beverly Hills Farmhouse

Rihanna’s house in Beverly Hills is believed to be a strong contender to become the new home for her and A$AP Rocky’s new family. Last year, she even bought the house next door for $10 million. Could she be expanding for more babies to come?? We hope so!

Source: US Weekly - Image of Rihanna’s Farmhouse

 

The singer’s Beverly Hills Farmhouse is a $13.8 million dollar modern farmhouse, originally built in 1938. The 700 square metre home comes complete with a stunning custom pool, exterior and interior fireplaces and a cabana terrace. 

Source - US Weekly. Image of Rihanna’s custom pool

 

Its main suite has a huge walk-in wardrobe with black lacquer cabinetry, a luxurious marble bathroom and a terrace with sweeping views of the hills and mountains. With five bedrooms and seven bathrooms, Rihanna can raise many more children here! 

 

Source: Alexis Adam - Image of black lacquer cabinetry in custom closet

“I’ll have kids — three or four of ’em,” Rihanna said in an interview. 

Source: US Weekly. Image of spacious, marble bathroom

Rihanna sure knows how to score first-class living! There’s no reason why anyone wouldn’t want their baby growing up in a mansion like hers.

Since Rihanna gave birth to her baby boy in a Los Angeles Hospital on the 13th May, could living in Beverly Hills be on the cards? 

New Sydney Tower concept – A Refreshing CBD Revamp

The new concept proposal

An exciting new construction project in the Sydney CBD has been proposed to the City of Sydney Council and we have never been more excited!

The project proposal is expected to cost more than $291 million and will feature new leisure, entertainment, and commercial facilities for all of us to enjoy. It is likely to produce some hefty economic rewards and further consolidates the hustle and bustle of commercial activity on George Street. It’s a truly exciting addition to Sydney’s impressive list of high rise buildings.

The tower concept is proposed to be a multi-faceted building that can cater to functions of any kind possible! It is expected to have:

  • 32,602 square metres of office building space
  • 16,822 square metres of hotel space
  • 3,366 square metres of back-of-house theatrical space
  • 4 basement floors

Image: Urban Developer

(Image: Urban Developer)

The project concept also outlined extensive back-of-house- facilities, and a series of upgrades to the State Theatre. An example includes the proposed basement levels that will act as a loading facility for the theatre located below.

It’ll never be a dull moment here. It is expected to provide us with ground-level retail outlets, hotel accommodation, and conference spaces for us to enjoy.

The 33-storey, mixed-use tower is expected to replace the yet-to-be demolished buildings at 458-472 George Street. The demolition of those two buildings that currently occupy the space has been approved and will likely begin demolition shortly. The Sydney tower concept is also proposed to be built upon a podium on top of the iconic, heritage-listed State Theatre.

The development proposal made it very clear that the concept does have the intention not to infringe on the functions or experience that the State Theatre offers.

On the other hand, the proposal stressed that the tower concept would be vertically separate from the Theatre below and would be beneficial in the long-term preservation of the heritage-listed building, and would supplement the surrounding streetscape.

(Image: Laura Cros @locreaphoto)

Inside the ICON: The Sydney State Theatre

The Sydney State theatre, located on Market Street is an iconic, heritage-listed building that has long served Sydney as a powerhouse entertainment facility. Since 1929, when the theatre officially opened, The State Theatre has been notorious for hosting some of the most sought-after domestic and international comedy, music and film acts that none of us could afford to miss. It has lived up to its long reputation in consistently delivering “entertainment of unparalleled performance” to its patrons.

The Theatre interior is unmatched and is able to cater to the needs and wants of patrons and performers with unmatched elegance and grandeur. The bright red and gold aesthetic, paired with the classic interior is absolutely divine.

Image: Sydney State Theatre

(Image: Sydney State Theatre)

The new concept proposal is expected to further consolidate and complement the timeless and show-stopping design of the Theatre interiors and exterior. The proposal documents have underlined that the close proximity of the tower concept to notable buildings in the Sydney CBD such as the Queen Victoria Building (QVB), Gowings, the Theatre, and several other iconic buildings creates an abundance of opportunities for conservation of the past and the modernisation of iconic Sydney buildings in the Sydney CBD.


To learn more about exciting real estate developments, trends and projects we encourage you to connect with us.

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Tallest Timber Building in Perth

Plans for the world’s tallest timber building

Introducing C6…

YES, this building will be named after the periodic table’s symbol for carbon. Melbourne developer, James Dibble, has submitted plans for the world’s TALLEST hybrid timber tower. If approved, this mass timber construction will be Australia’s SECOND carbon-negative building after Sydney’s Atlassian tower, standing 3 metres taller at 183m. The $350 million apartment block will be located in the city of South Perth, close to the Perth Zoo.

The proposal for C6 currently includes provisions for 245 apartments ranging from 1 to 4 bedrooms, over 48 levels. The best thing – the ROOFTOP! Gardens, outdoor dining, entertainment spaces, and communal amenities… C6 is ticking all the boxes for sure!

(Source: The Fifth Estate) CGI of C6, the world's tallest timber tower

(Source: The Fifth Estate) CGI of C6, the world’s tallest timber tower

Hybrid timber tower

You might think that a structure made of timber would go up in flames… But thankfully, C6 is a ‘hybrid’ design. If you have never heard of a hybrid design, it refers to using different materials to create innovative structures. The hybrid nature of C6 creates a unique challenge for structural engineers and architects.

The mass timber construction requires a mixture of materials and an intricate engineering and design process that principal architect, Reade Dixon states, “has never been done before”.

The hybrid timber tower will include a MASS amount of timber – approximately 7400 cubic metres of timber. That’s about 3 TIMES as big as an Olympic Swimming Pool! The timber will make up almost half of the tower’s total structure, with a mixture of cross-laminated timber, glue-laminated timber, steel, concrete and other building materials.

(Source: The Fifth Estate) CGI street view image of C6

(Source: The Fifth Estate) CGI street view image of C6

A Carbon negative building

Did you know that buildings and their construction are responsible for around 36% of global energy use and 40% of energy-related carbon dioxide emissions?

The built environment is one of the 3 major drivers of climate change, and it doesn’t help that the building materials that the property industry relies on are steel and concrete – the most energy-dense materials to produce.

The good news is that the south Perth timber tower will be Australia’s SECOND carbon-negative building after the Atlassian tower in Sydney! It will feature an embedded power network, with wind and solar panels to create renewable on-site energy production.

C6 will also have 3500 square metres of floral, edible and native gardens – which will deliver tangible health benefits to residents. Rooftop gardens and urban greenery are incredible for our environment, as they create ‘shields’ for buildings, insulating the structure and absorbing pollutants. How amazing!

(Source: SMH) Image of the Atlassian tower in Sydney

(Source: SMH) Image of the Atlassian tower in Sydney

James Dibble, Grange Development founder and director, stated that if successful, the timber tower will set a new precedent for renewable building developments around the world.

“If we can accelerate a paradigm shift into the use of more renewable building materials such as mass timber in a hybrid nature and see even 10, 15 or 20 per cent of future projects use mass timber in their construction in the next few years, we will have succeeded,” said Dibble.

C6 aims to encourage developers around the world to ditch energy-dense building materials and go green with renewable resources. It is a relief to know that buildings constructed from engineered timber have a significantly lower carbon footprint than other structures, both during construction and operation.

(Source: The Fifth Estate) Image of C6 renders

(Source: The Fifth Estate) Image of C6 renders

More renewable building materials

There are HEAPS of other renewable building materials that not only ease environmental pollution but can save your money as well!

1. Bamboo

Not only does bamboo make comfy pillows, but it is also a fantastic green building material too! It is twice as strong as concrete and slightly stronger than steel. It only needs a small amount of energy to grow and is a renewable resource that produces more oxygen than other plants.

(Source: Quartz) Image of structure made of bamboo

(Source: Quartz) Image of structure made of bamboo

2. Sheep’s Wool

Yes, you read that right. Sheep’s wool is a great construction material that is entirely natural, environmentally friendly and can be regrown quickly. It is an amazing home insulator, with fibres that form millions of tiny air pockets that trap air. Wool is usually incorporated into ceilings, walls or attics.

3. Hempcrete

Hempcrete is a concrete-like material, created from the fibres of hemp plants. Hemp plants are fast-growing and therefore a renewable resource. Hempcrete is strong and lightweight, reducing the amount of energy required to transport the blocks.

Hempcrete is fire resistant and has great thermal and acoustic insulation qualities. It is also the biggest sustainable material that is carbon negative, meaning it absorbs more carbon than it emits!

4. Recycled Plastic

We produce around 400 BILLION kilograms of plastic each year, with only 9% of it being properly recycled. But did you know that your roof, walls and floor can be made out of recycled bottles?

Imagine a world where you NEVER see waste and plastic washing up on the shore of your local beach. Yes, this is possible, if recycled plastics are used in construction over the world. Recycled plastics are a perfect building material – cheap to produce, readily available and easy to mould. They are durable, waterproof and insulating, and can be suitable for properties withstanding any climate.

 (Source: Domain) Image of Plastic Bottle Village: Structure made from 1 million recycled bottles

(Source: Domain) Image of Plastic Bottle Village: Structure made from 1 million recycled bottles

5. Cork

To you, its primary purpose may be a stopper for your fave red wine, but cork also serves as an outstanding sustainable structural material.

Harvested from trees, cork is extremely waterproof, with a weather-resistant quality that makes it incredibly durable. It is used in insulation panels, floor and wall tiles and even soundproofing, working as a natural insulator to regulate the temperature throughout the seasons.

Cork also has beautiful aesthetic qualities – giving buildings natural patterning, earthy tones and unique textural elements.

(Source: Arch Daily) Image of house made of cork

(Source: Arch Daily) Image of house made of cork

Conclusion

Plans for the innovative hybrid timer skyscraper in Perth have been submitted to the council for planning approval, with the building intended to commence next year.

Check out here for more interesting trend pieces!

Interest rates remain at historic lows as the Ukraine war fuels global inflation

At its March meeting on Tuesday, the Reserve Bank of Australia has decided to maintain the cash rate at its current record low of 0.1%. 

Despite current figures showing a strong recovery in the Australian economy in the December quarter following the Omicron setback, the Reserve Bank acknowledged that the Ukraine war will have a bad impact on global inflation.

According to RBA, prices of many commodities, especially energy and petrol prices (averaging $2.10 a litre) have already been pushed up in Australia, with increasing uncertainty around supply chains. 

In our country, inflation has picked up more quickly than the RBA had expected but remains lower than in many other countries. In the US, due to a surging inflation rate of 7.5% in Jan 2022, its Central Bank is looking to raise interest rates in the upcoming March. 

The RBA forecasted underlying inflation of around 3.25% by mid-2022 and stated that it would need to see significant wage growth before it would support an interest rate increase.

The Australian Wage Price Index, on the other hand, is at 2.3 percent for the year, indicating a 1.2% drop in real wages. Meanwhile, according to CoreLogic data, house prices increased by 22.1% last year. 

“That’s a massive gap”, according to Tim Lawless, research director at CoreLogic. 

“However, it’s very common for housing values to rise substantially more than wages have, hence this ongoing worsening affordability.” Mr Lawless said

According to CoreLogic modelling, housing values have risen at a rate more than double the annual rate of wages over the last decade, increasing by an average of 5.5% each year compared to the current 2.3% increase in the wage price index.

While wage growth has been stronger in some periods, it has been significantly outpaced by rising home values in the long run, Mr Lawless stated. 

And this significant disparity between property and wage growth has made funding transaction costs, or even saving for a deposit, a bigger challenge for first-time buyers. 

Source: HSBC Australia

The fall in interest rates to record lows, according to HSBC Australia chief economist Paul Bloxham, has been key to the widening gap. Cheaper access to credit enables households to borrow more money, but at the same time drives up property prices at a rate that significantly outpaced income growth.

Despite today’s lower borrowing costs for first-time buyers, Mr Bloxham said they faced an affordability challenge because they needed to save a larger deposit and take on more debt to enter the market.

Mr Bloxham explained that slowdown wage growth figures suggested the Reserve Bank would not be in a rush to raise interest rates and would do so gradually. He predicts two cash rate increases in the third and fourth quarters, bringing the rate to 0.5% by the end of the year and 1.25% by the end of 2023.

Other economists also predict that in response to rising inflation, it will begin to rise later this year or early in 2023.

“The direct effects on Australia are likely to be pretty small and felt only through the price of oil and gas and wheat, which will all rise. It depends on how far they go up, and no one knows that.” NAB chief economist Alan Oster said,

“The Bank won’t be doing anything in the next three to six months and by then, hopefully, the situation will have settled down a bit and everything will be a bit clearer.”

The prospect of a slow, gradual rate increase may not be all bad news for home buyers.

This will cool the housing market at the same time that wages are expected to rise, narrowing the gap between property and wage growth.

Follow Liviti News for more updated trends on the Australian property market.