Mansion Global Daily: Virtual Reality Real Estate, Sydney's Booming Auctions and More

Whether you're looking at property long-distance or purchasing a yet-to-be-built custom home or condo, virtual reality comes close to providing the see-it-in-person experience. The turnkey property on a double lot above the Sunset Strip is owned by designer Jean-Louis Deniot. For a New York City Development Executive, Luxury is About Time … Gorgeous Views Don't Hurt Miriam Harris, a lifelong New Yorker, on what is important to buyers now. Sydney, Australia, Auction Clearance Rate Hits Over 80% This Weekend The auction clearance rate in Sydney rose 75% week-over-week to reach 81.4%, according to CoreLogic. Over 1,000 properties went to auction in Sydney last week with a median house price of A$1.465 million (US$958,480).