Revealed: Australia’s most expensive houses & the records they’re smashing

Australia’s luxury property market is once again reaching dizzying heights. After a brief slowdown, national home values have surged to new records in 2025, and nowhere is that more evident than at the top end of town.

While median prices are rising across most capital cities, the ultra-prestige segment is seeing even sharper growth, with trophy homes fetching never-before-seen sums.

Demand for harbourfront, beachfront, and blue-chip inner-city estates remains intense, driven by a mix of local billionaires, global buyers and intergenerational wealth.

This year alone, Australia’s residential record has been rewritten, with sales surpassing $130 million, and even an apartment now holding the crown as the nation’s most expensive dwelling.

From Sydney’s Point Piper to Melbourne’s Toorak, Brisbane’s riverfronts to Perth’s Golden Triangle, these exclusive enclaves continue to define the country’s property elite.

We’ve taken a closer look at the most expensive houses across Australia’s largest capitals, the landmark sales that have set new benchmarks, and the homes that could challenge those records if they ever hit the market.

Elaine Gardens

Sydney

House Price Record: $130 million
Residential Record: $141.5 million

Sydney’s harbour has always commanded the city’s highest price points, with Point Piper the main epicentre.

For years, the residential house price record was held in Point Piper. First, Atlassian billionaire Scott Farquhar spent a record $71 million on Elaine, the Seven Shillings beachfront estate that had been in the Fairfax family for generations.

That 2017 sale held the top spot until the following year, when Farquhar’s Atlassian co-founder Mike Cannon-Brookes spent $100 million on Fairwater next door, following the death of Lady Mary Fairfax.

The grand heritage-listed mansion dates back to the early 1880s and sits on 1.12 hectares, far larger than Elaine, which is just shy of 7,000 sqm.

The Fairwater sale has only been topped twice. Last year, Farquhar purchased Uig Lodge for $130 million, one of the highest homes in Point Piper, with sweeping views of the harbour.

In turn, he sold Elaine for the same amount to a consortium led by tech entrepreneur Patrick Shi, CEO of Acce Investments Group. The group reportedly intends to subdivide the 7,000 sqm parcel into four blocks for new trophy homes.

There are several harbourfront properties that could challenge the record should they ever transact. This year, Aussie John Symond reportedly turned down offers exceeding $200 million for his home, colloquially known as “Aussie Stadium.”

The four-level residence, one of only three on Wolseley Road’s Windmill Point, took eight years to build and features six bedrooms, an eight-car garage, a 22-seat theatre, and a 2,500-bottle wine cellar.

Another contender is the Vaucluse waterfront compound owned by Menulog founder Leon Kamenev. Kamenev spent $80 million on the land alone in 2016, four amalgamated blocks totalling 4,200 sqm, before demolishing the existing homes to create a mega-mansion that cost more than $30 million to construct.

Meriton founder Harry Triguboff’s Wentworth Road property, also in Vaucluse, would likely compete for top spot. He first bought a block on the prized waterfront street in 1983 and acquired the adjacent property in 1998 to create over 5,200 sqm.

The Packer family compound could return the record to Bellevue Hill if it ever sold. Sir Frank Packer began assembling the estate, Cairnton, in 1935; his son Kerry added further titles through the 1980s and 1990s. The property now spans 1.1 hectares across Kambala and Victoria Roads.

The aforementioned Fairwater would almost certainly exceed $130 million today, given its larger harbourside footprint compared to Elaine.

Sydney’s highest property price, however, isn’t a house, it’s a penthouse. The One Sydney Harbour penthouse in Barangaroo sold off the plan in 2019 for $141.55 million. The three-level residence spans over 1,600 sqm and includes nine bedrooms, a private rooftop pool, spa, and gym.

Blair House, Toorak

Melbourne

House Price Record: $130 million+

In Melbourne, Toorak is the equivalent of Point Piper. The rich-lister suburb home to the nation’s highest concentration of billionaires, including Lindsay Fox, John Gandel, and Solomon Lew.

The highest price achieved, though yet to settle, is for Coonac, the 1867-built mansion reportedly sold earlier this year for around $130 million. It was the longtime home of billionaire developer Paul Little and his wife, University of Melbourne Chancellor Jane Hansen.

While Coonac sits on Clendon Road, alongside the Myer family’s Cranlana compound, currently seeking around $100 million, Toorak’s most consistently expensive street is St Georges Road.

It previously held the Victorian record when crypto billionaire Ed Craven bought the long-abandoned “Ghost Mansion” for $80 million in 2022. He has since demolished the structure and is set to build a new luxury residence on the vast 7,187 sqm site.

Other notable St Georges Road sales include Blair House, which fetched $74.5 million in 2022 when purchased by tech entrepreneur Grant Rule.

Outside Toorak, billionaire Anthony Pratt’s Raheen estate in Kew remains one of the state’s most valuable homes. The heritage-listed Italianate mansion, built in the 1870s for Edward Latham of Carlton Brewery, has been in the Pratt family since 1981 and was recently refurbished by Anthony following his father Richard’s passing in 2016.

Sutherland Ave, Ascot

Brisbane

House Price Record: $23 million

The Brisbane record was set earlier this year when BWC Group construction boss Brett Walker sold his Ascot home for $23 million.

Walker had bought the 1930s Queenslander from Ray White Chairman Brian White in 2021 for $10 million and spent another $7 million on extensive upgrades.

The 1920s home with six bedrooms sits on a private 3,035 sqm block with a championship-size floodlit tennis court, swimming pool, and cricket pitch.

The sale comfortably surpassed the previous record, set in 2023 when the 1890s waterfront Amity House in New Farm sold for $20.5 million.

New Farm also holds the city’s apartment record, set this year when coal baron Matthew Latimore, founder of M Resources, spent $17.5 million on a two-level penthouse atop the Cutters Landing building on Refinery Parade. The 740 sqm residence includes a sauna, steam room, ice bath, and spa.

There had been suggestions the penthouse atop the Pier building in Newstead would sell for $20 million, but it ultimately settled for $16 million.

Queensland’s priciest homes, however, sit beyond Brisbane. The state record was set earlier this year when DISSH fashion owners Lucy Henry-Hicks and Mitchell Lau purchased three adjoining beachfront properties for $40 million on Palm Beach’s Jefferson Lane.

Some don’t consider it a record, given it was an amalgamation. If it wasn’t to be a record, the highest price is $34 million, in Sunshine Beach. Webb House was bought by Peter Tighe, Non-Executive Chairman of AuKing Mining and part-owner of champion mare Winx, in 2021.

Western Australia

House Price Record: $56 million

Western Australia’s luxury market has surged. According to Knight Frank’s Prime Global Cities Index, Perth ranked 16th globally in Q1 2025 for luxury property price growth, rising 3.8 per cent over the year to March.

The priciest homes typically cluster in Dalkeith, Mosman Park, and Peppermint Grove. The state’s record was set when Mineral Resources co-founder Chris Ellison purchased a Mosman Park residence on Saunders Street for $56 million.

That same street saw another notable sale this year, a 2016-built luxury home with dual Gaggenau and Sub-Zero kitchens, a solar-heated magnesium pool, 600-bottle wine cellar, 13-person lift, and panoramic river views, for $22.75 million.

Many of Perth’s top-end sales occurred in the post-GFC mining boom, though some values later softened.

In 2011, Mineral Resources co-founder Steve Wyatt paid $39 million for a Dalkeith mansion; it resold in 2020 for $27.5 million to entrepreneur Danny Pavlovich and his wife, Suza.

Eclectic House With a James Bond-Style Garage on the Portuguese Riviera Lists for €10 Million

If you’re looking to run into Cristiano Ronaldo, this six-bedroom villa near the coastal Portuguese town of Cascais, where the footballer lives, might up your chances.

The detached home, which came to market earlier this month asking €10 million (US$11.79 million), is within the gated Quinta Patino community in the town’s Estoril suburb, and comes with a private green-tiled pool, its own wine cellar and cinema, as well as a moody six-car show garage.

The eclectic house comes with a little French flair, including a grey mansard roof, as well as arched windows and a cream-stucco facade.

The interiors showcase a mix of modern floor-to-ceiling windows as well as more old-school elegance, including black-and-white checkered flooring, extensive crown moldings, a wood-paneled library and classic columns in between arched windows.

There are six bedrooms across 7,000 square feet, as well as a wine cellar, game room, a pergola and easy transitions between the indoors and outdoors.

“This residence was created for the way people truly want to live, with light-filled spaces that flow naturally from the kitchen and dining areas out to the garden and pool,” said listing agent Yared Hagos of Nest Seekers International via email.

Cascais is located in the Portuguese Riviera, roughly 30 minutes from Lisbon, and features sandy beaches, resorts and other visitor attractions.

“This property represents the best of both worlds, complete privacy in one of Portugal’s most prestigious gated communities, and yet you’re just minutes from the beach, the golf courses, and Lisbon’s cultural scene,” Hagos wrote.

Cascais is also one of many Portuguese cities to have benefited from the popularity of the country’s real estate among foreign investors, particularly its high-end homes , according to Hagos. Mansion Global could not determine the identity of the seller.

“With six consecutive months of rising buyer demand and price growth now exceeding 15% annually, prime areas like Lisbon, Cascais and the Algarve are seeing international buyers compete for an increasingly scarce supply of high-end homes,” he said.

The Portuguese Riviera also has seen an influx of celebrities in recent years, including most notably, soccer legend Cristiano Ronaldo, Mansion Global previously reported.

Murdoch Family Settles Battle Over Trust

Lachlan Murdoch is set to take control of his father’s media assets as part of an agreement announced Monday between the patriarch and his children. Lachlan will control all the votes in a new trust that will hold sizable stakes in Fox Corp. and News Corp once the deal is completed.

The Murdoch trust, which currently holds roughly 40% voting stakes in Fox and Wall Street Journal parent News Corp, was initially designed to give each of his four oldest children an equal voting share.

As part of the settlement announced Monday, Rupert Murdoch’s children James, Elisabeth and Prudence will give up their claims to the existing trust. They will instead receive new trusts with cash funded in part by sales of some of the existing trust’s Fox and News Corp stock.

The three children will also be subject to a long-term agreement preventing them from buying shares in the companies.

Fox and News Corp shares fell slightly in after market trading.

The new agreement caps a tumultuous succession drama atop media companies whose holdings include cable giant Fox News, major newspapers in the U.S., U.K. and Australia; digital real-estate companies and HarperCollins Publishers. It also brings to a close a conflict that potentially threatened the futures of both News Corp and Fox Corp.

Murdoch, 94 years old, had sought to amend the family trust to put control in the hands of Lachlan. James, Elisabeth and Prudence opposed the change.

An acrimonious family battle has played out  largely behind closed doors and in sealed court  proceedings in recent years. Last December, a Nevada probate commissioner  ruled against  Murdoch’s efforts to amend terms of the trust and give control to Lachlan.

Clockwise from top left: Lachlan Murdoch, James Murdoch, Prudence MacLeod and Elisabeth Murdoch arriving for a hearing in Nevada in September 2024.
Fred Greaves/Reuters

Murdoch sought the change, in part , because Lachlan is the one most aligned with his conservative political views as well as the best manager to run the companies.

New trusts will also be created for Lachlan, who is executive chair and chief executive officer of Fox Corp. and chair of News Corp, as well as the two children that Rupert Murdoch had with Wendi Deng. Grace and Chloe Murdoch are beneficiaries of the original trust .

A holding company owned by Lachlan, Grace and Chloe Murdoch’s new trusts will control about 36% of Fox and 33% of News Corp.

Rupert and Lachlan Murdoch had no comment beyond the announcement. A spokesman for Elisabeth Murdoch and Prudence MacLeod declined to comment. Deng and a representative for James Murdoch couldn’t be reached for comment. A spokesman for Anna dePeyster, mother of Elisabeth, James and Lachlan, declined to comment.

Our Retirement Travel Plan? Wing It.

In our 20s, my new husband and I took a year off from our fledgling careers to travel in Southeast Asia. Equipped with paper maps, we began in China and improvised each day’s “itinerary” on the go. A gap year for grown-ups, I called it, although I scarcely qualified as one.

Nearly 40 years later, we are new retirees with the same wanderlust. We wondered: Could we recapture the thrill of winging it, enduring rough roads and cheap hotels?

We could and did, but for 2½ months instead of 12. We mapped out a route that would take us up Africa’s east coast and then—who knows where? Here’s how we rolled and five important lessons we learned on a 6,000-mile trip.

Kenya: Live large by day

Our first stop was the tiny, car-free island of Lamu, well-known for its high-profile visitors, from Kate Moss to the Obamas. This low-key getaway offered white-sand beaches, dhows — boats you can rent for day cruises and snorkelling — and lots of donkeys, the main mode of transport.

We considered the beachside Peponi Hotel in Shela, a hot spot since the 1960s (Mick Jagger bunked there). But room rates start at $250, far above our per-night budget of $70 or less. When contemplating almost 100 nights of travel, price matters.

So we chose a villa in the dunes called Amani Lamu, $61 per night for an en suite room with a private terrace and shared plunge pool.
We still had a cool Peponi moment come sunset: On the hotel’s whitewashed veranda, we sipped Pepotinis and plotted our next day’s interlude at the Majlis, Lamu’s fanciest resort (from $580).

With a $20 day pass, we could lounge around its pools and beach bars like proper resort habitués.

Lesson learned: Live like billionaires by day and frugal backpackers by night.
Must-go: Across the bay on Manda Island, bunk a night in a thatched-roof bungalow on stilts at Nyla’s Guest House and Kitchen (from $48 with breakfast).
After a dinner of doro wat, a spicy Ethiopian chicken stew and rice, the sound of waves will lull you asleep.

Egypt: Ask. Politely.

From Lamu, we flew to Aswan in Egypt. Our “plan”: Cruise down the Nile to Luxor, then take a train to Cairo, and venture to Giza’s pyramids.

Turns out it’s the kind of thing one really should book in advance. But at our Aswan hostel, the proprietor, who treated us like guests deserving white-glove service, secured a felucca, a vessel manned by a navigator and captain-cum-cook.

Since we’d booked fewer than 24 hours in advance and there were no other takers, we were its sole passengers for the three-day trip.
One day, we stopped to tour ancient temples and visit a bustling camel fair, but otherwise, we remained on board watching the sunbaked desert slide by.

We slept on futons on the deck under the stars. The cost: about $100 per night per person, including three meals.

Lesson learned: Ask for help. We found Egyptians kind and unfazed by our haplessness, especially when we greeted them respectfully with assalamu alaikum (“Peace to you”).
Must-go: For buys from carpets to kebabs, don’t miss Cairo’s massive Khan el-Khalili bazaar, in business since 1382. We loved the babouche, cute leather slippers, but resisted as our packs were full.

Turkey: Heed weather reports

Next stop Tunisia, via a cheap flight on EgyptAir. We loved Tunisia, but left after six days because the weather got chilly.

Fair enough, it was January. We hopped continents by plane and landed in Istanbul, where it snowed. Fortunately, two of Istanbul’s main pleasures involve hot water. We indulged in daily hammams, or Turkish baths, ranging from $30 to $60 for services that included, variously, a massage, a scrub-down and a soak.

Beneath soaring ceilings at the temple-like Kılıç Ali Paşa Halamı, brisk workers sternly wielded linen sacks to dowse my body in a cloud of hot foam.
In between visits to Ottoman-era mosques and the city’s spice markets, we staved off the chill by drinking fruity pomegranate tea and sampling Turkish delight and baklava at tea salons.

A favourite salon: Sekerci Cafer Erol in Kadıköy, a ferry-ride away on the “Asian” side of Istanbul, where the city adjoins Asia.

Lesson learned: Pay attention to the weather gods. We foolishly took the concept of travelling off-season too far.
Must-go: Don’t miss the Istanbul Modern, the Renzo Piano-designed art museum in the historic Beyoğlu district.

Cambodia: Chill out

After a long flight from Istanbul, we spent two weeks in Laos and then hopped another plane to Cambodia, specifically Koh Rong Sanloem, another car-free island.

Like vagabonds, we lolled by the warm, super-blue water of Sunset Beach, steps from our bungalow at Sleeping Trees (from $54 per night).

A caveat: You have to sweat to get to this island paradise. We took a bus, a ferry and then hiked for 40 minutes up and down a steep hill and through a jungle. You’ll find only a handful of “resorts”—simple bungalow complexes like ours. There’s nothing much to do. I’ll be back.

Lesson learned: Until our week in Cambodia, we’d been travelling too much and too fast, prioritising exploration over relaxation. This island taught us the pleasures of stasis.
Must-go: Spend one day in Cambodia’s capital city, Phnom Penh, to delve into its sobering history. Tour the Choeung Ek Genocidal Centre, site of a Killing Field, where nearly 9,000 Cambodians died.

Thailand: Be a frugal hedonist

We spent our last two weeks on the island of Ko Samui, where season three of “The White Lotus” was shot.
We went there for its astounding beauty, not the luxury resort experience that comes with too many boisterous lads on vacation, snake farms and traffic jams in town.

Truth be told, we flouted our budget rules to book an Airbnb with a pool (from $300) in the hills of Lipa Noi on the island’s quiet side. We joined the nearby Gravity Movement Gym to work out, but cooked our own meals to keep our final tabulation of expenses within reach.

Lesson learned: Pinching pennies feels restrictive, no matter how lush the surroundings. And it leads to bickering, as partners tally up who squandered how much on what.
With the end in sight, we splurged on the villa and even bought souvenirs, knowing we’d lug them for days, not weeks.
Must-go: Take the 30-minute ferry to sister island Ko Pha Ngan for its peace, love and yoga vibe and, once a month, full-moon parties.
Via Airbnb, we bunked at a Thai house called Baan Nuit, run by the Dear Phangan restaurant proprietors.

We sampled steamed dumplings, white fish in a Thai basil sauce and spicy noodles for a mere $15 apiece.
Hey, indulge in that “White Lotus” moment if you dare!

Georgina Wilson Reveals Five Instagram Design Myths That Could Be Ruining Your Home

Instagram may be full of dreamy interiors, but architect Georgina Wilson says what works on social media doesn’t always translate to real life.

As one of Australia’s most-followed architects, Wilson has seen first-hand how influencer-led design shapes—and sometimes sabotages—our homes.

From impractical layouts to fast-fashion finishes, here are five biggest myths she’s busting.

1. Form Over Function

That statement pendant light might rake in likes, but can you actually open your kitchen drawers?

Many influencer-inspired designs prioritise visual drama over practicality, sacrificing comfort, efficiency and long-term usability in the process.

2. Set Design, Not Home Design

Fluted cabinetry, curved walls, oversized arches—they look great in a styled shot but aren’t always built to last.

Wilson warns that these trends are often “set pieces,” designed for impact rather than daily living.

3. The DIY Myth

With time-lapses and tutorials galore, influencers make renovations look deceptively easy.

But Wilson says DIY often results in costly missteps: “Designing a great space requires experience, technical skill and planning—there are no shortcuts.”

4. Trends Over Timelessness

What’s hot today will feel tired tomorrow. Chasing viral aesthetics can lead to expensive regrets, especially if it means compromising on layout, materials, or functionality.

“Good design should outlast any algorithm,” says Wilson.

5. Influencer Projects Are Often Free – Yours Won’t Be

Wilson points out a crucial reality: most influencer renovations are heavily subsidised by brand partnerships.

Homeowners, meanwhile, foot the full bill—sometimes for design choices that don’t serve them long-term.

Social media is a powerful source of inspiration, but Wilson urges homeowners to think beyond the grid.

“A truly great home isn’t built for the ‘after’ photo,” she says. “It’s built to be lived in—comfortably, beautifully, every day.”

The U.S. Now Has More Billionaires Than China. Musk Is Still Tops.

The number of U.S. billionaires in the world reached 870 in mid-January, outpacing the number in China for the first time in 10 years, according to a snapshot of the wealthiest in the world by the Hurun Report.

The U.S. gained 70 billionaires since last year, powered by a rising stock market, a strong dollar, and the insatiable appetite for all things AI, according to the 14th annual Hurun Global Rich List . China gained nine billionaires overall for a total of 823. Hurun is a China-based research, media, and investment group.

“It’s been a good year for AI, money managers, entertainment, and crypto,” Rupert Hoogewerf, chairman and chief researcher of the Hurun Report, said in a news release. “It’s been a tough year for luxury, telecommunications, and real estate in China.”

Overall, the Hurun list—which reflects a snapshot of global wealth based on calculations made Jan. 15—counted 3,442 billionaires in the world, up 5%, or 163, from a year ago. Their total wealth rose 13% to just under $17 trillion.

In November, New York research firm Altrata reported that the billionaire population rose 4% in 2023 to 3,323 individuals and their wealth rose 9% to $12.1 trillion.

Elon Musk, CEO of electric-car maker Tesla and right-hand advisor to President Donald Trump, topped the list for the fourth time in five years, with recorded wealth of $420 billion as of mid-January as Tesla stock soared in the aftermath of the U.S. election, according to Hurun’s calculations.

The firm noted that Musk’s wealth has since nosedived about $100 billion, falling along with shares of Tesla although the EV car maker is benefiting on Thursday from Trump’s 25% tariff on cars made outside the U.S.

According to the Bloomberg Billionaires Index, Musk’s wealth stood at about $336 billion as of the market’s close on Wednesday, although measuring his exact wealth —including stakes in his privately held companies and the undiscounted value of his Tesla shares—is difficult to precisely determine.

The overall list this year contained 387 new billionaires, while 177 dropped off the list—more than 80 of which were from China, Hurun said. “China’s economy is continuing to restructure, with the drop-offs coming from a weeding out of healthcare and new energy and traditional manufacturing, as well as real estate,” Hoogewerf said in the release.

Among those who wealth sank was Colin Huang, the founder of PDD Holdings —the parent company of e-commerce platforms Temu and Pinduoduo—who lost $17 billion.

Also, Zhong Shanshan, the founder and chair of the Nongfu Spring beverage company and the majority owner of Beijing Wantai Biological Pharmacy Enterprise , lost $8 billion from “intensifying competition” in the market for bottled water. The loss knocked Zhong from his top rank in China, which is now held by Zhang Yiming founder of Tik-Tok owner Bytedance. Zhang is ranked No. 22 overall.

Hurun’s top 10 billionaires is a familiar group of largely U.S. individuals including Jeff Bezos, Mark Zuckerberg, and Larry Ellison. The list has France’s LVMH CEO Bernard Arnault in seventh place, three notches down from his fourth ranked spot on the Bloomberg list, reflecting a slump in luxury products last year.

Nvidia CEO Jensen Huang is ranked No. 11 on Hurun’s list as his wealth nearly tripled to $128 billion through Jan. 15. Other AI billionaires found lower down on the list include Liang Wenfeng, 40, founder and CEO of DeepSeek, with wealth of $4.5 billion and Sam Altman, CEO of OpenAI, with $1.8 billion.

Also making the list were musicians Jay-Z ($2.7 billion), Rihanna ($1.7 billion), Taylor Swift ($1.6 billion), and Paul McCartney ($1 billion). Sports stars included Michael Jordan ($3.3 billion), Tiger Woods ($1.7 billion), Floyd Mayweather ($1.3 billion), and LeBron James ($1.3 billion).

Wealth continues to surge across the globe, but Hoogewerf noted those amassing it aren’t overly generous.

“We only managed to find three individuals in the past year who donated more than $1 billion,” he said. Warren Buffet gave $5.3 billion, mainly to the Bill and Melinda Gates Foundation, while Michael Bloomberg —ranked No. 19 with wealth of $92 billion—gave $3.7 billion to various causes. Netflix founder Reed Hastings, ranked No. 474 with wealth of $6.2 billion, donated $1.1 billion.

U.K. Asset Manager ICG Mulls Sale of Singapore Private Education Institution, Sources Say

U.K.-listed Intermediate Capital Group plans to sell one of Singapore’s largest independent tertiary education institutions, which could be valued at as much as 700 million Singapore dollars, equivalent to US$526 million, people familiar with the situation said.

The alternative asset management company, which acquired PSB Academy in 2018, is working with corporate advisory firm Rippledot Capital Advisers to explore options, the people said.

ICG and Rippledot declined to comment.

The U.K.-based company, which has $107.0 billion in assets under management as of the end of 2024, acquired PSB Academy from Baring Private Equity Asia for an undisclosed price.

Set up in 1964, PSB Academy currently hosts over 20,000 students each year and offers certification, diploma and degree courses. It has operations across Asia, including Indonesia, China and Sri Lanka.

The Asian education sector has become increasingly attractive to private-equity firms and strategic investors due to rapid urbanization and a fast-growing middle class that can now afford higher education for their children.

In 2021, private-equity firm KKR invested in EQuest Education Group, Vietnam’s largest private education institution. A year before, China Maple Leaf Educational Systems paid S$730.0 million to buy Canadian International School in Singapore.

‘Snow White’ Review: A Disney Princess’s Pointless Return

Even in Hollywood, pre-eminent in the field of chutzpah, greatness can be intimidating. Rarely does one hear producers discuss their plans to remake “Casablanca” or “Lawrence of Arabia.” It took Disney many years of creating live-action remakes of its classic animated features before it worked up the nerve to take another whack at its first, and perhaps most venerated, work, “Snow White and the Seven Dwarfs,” which in 1937 set the template for richly evocative animation that could appeal to all ages. It is still, in inflation-adjusted dollars, the 10th-highest-grossing movie ever released in North America.

Disney’s first “Snow White” isn’t perfect—the prince is badly underwritten and doesn’t even get a name—but it is, by turns, enchanting, scary and moving. Version 2.0, starring Rachel Zegler in the title role and Gal Gadot as her nefarious stepmother, has been in the works since 2016 and already feels like it’s from a bygone era. After fans seemed grumpy about the rumored storyline and the casting of Ms. Zegler, Disney became bashful about releasing it last March and ordered reshoots to make everyone happy. Unfortunately, the story is so dopey it made me sleepy.

Directed by Marc Webb (“The Amazing Spider-Man” with Andrew Garfield ), the remake is neither a clever reimagining (like “The Jungle Book” and “Pete’s Dragon,” both from 2016) nor a faithful retelling (like 2017’s “Beauty and the Beast”), but rather an ungainly attempt at modernization. The songs “I’m Wishing” and “Someday My Prince Will Come” have been cut; the big what-she-wants number near the outset is called “Waiting on a Wish.” Instead of longing for true love (=fairy tale), Snow White hopes to sharpen her leadership skills (=M.B.A. program). And she keeps talking about a more equitable distribution of wealth in the kingdom she is destined to rule after her mother, the queen, dies and her father, having made a questionable choice for his second spouse, goes missing.

Ms. Gadot, giving it her all, is serviceable as the wicked stepmother. But she doesn’t bring a lot of wit to the role, and the script, by Erin Cressida Wilson , does very little to help. Her hello-I’m-evil number, “All Is Fair,” is meant to be the film’s comic showstopper but it’s barely a showslower, a wan imitation of “Gaston” from “Beauty and the Beast” or “Poor Unfortunate Souls” from “The Little Mermaid.” The original songs, from the songwriting team of Benj Pasek and Justin Paul (“La La Land”), also stack up poorly against the three tunes carried over from the original “Snow White,” each of which has been changed from a sweet bonbon into high-energy, low-impact cruise-ship entertainment. So unimaginative is the staging of the numbers that it suggests such straight-to-Disney+ features as 2019’s “Lady and the Tramp.”

After escaping a plot to kill her, Snow White becomes friends with a digital panoply of woodland animals and with the Seven Dwarfs, who instead of being played by actors are also digital creations. The warmth of the original animation is totally absent here; the tiny miners look like slightly creepy garden gnomes, except for Dopey, who looks like Alfred E. Neuman . As for the prince, there isn’t one; the love interest, Jonathan (a forgettable Andrew Burnap ), is a direct lift of the rogue-thief Flynn Rider , from 2010’s “Tangled,” plus some Robin Hood stylings. His sour, sarcastic tribute to the heroine, “Princess Problems,” is the worst Snow White number since the one with Rob Lowe at the 1989 Oscars.

Ms. Zegler isn’t the chief problem with the movie, but as in her debut role, Maria in Steven Spielberg’s remake of “West Side Story,” she has a tendency to seem bland and blank, leaving the emotional depths of her character unexplored even as she nearly dies twice. Gloss prevails over heart in nearly every scene, and plot beats feel contrived. She and Jonathan seem to have no interest in one another until, suddenly, they do; and when he and his band of thieves escape from a dungeon, they do so simply by yanking their iron chains out of the walls. Everything comes too easily and nothing generates much feeling. When interrogated by the evil queen, who wants to know what happened to her stepdaughter, Jonathan replies, “Snow who?” Which would be an understandable reaction to the movie. “Snow White” is the fairest of them all, in the sense that fair can mean mediocre.

China Says It Started Year on Strong Economic Footing as Trump Tariffs Hit

SINGAPORE—China reported surprisingly robust economic activity to start the year, giving Beijing some wind at its back as it faces the prospect of increased tensions with President Trump’s second administration.

Retail sales, a measure of consumer spending in China, accelerated, and investment and industrial production grew more than expected, though unemployment rose to a two-year high, and the beleaguered property market remained under pressure, according to official data.

The numbers come a day after Beijing released a policy plan to expand domestic consumption, including raising wages, increasing pensions and creating incentives for childbirth . The plan was the latest acknowledgment of the urgency in Beijing to find alternatives to export-led growth, but was light on specifics, such as whether new funding would be allocated to its policies, or how local governments would implement the proposed measures.

China earlier this month set an ambitious growth target of about 5% for 2025 and pledged to step up spending and boost domestic demand to stimulate a sluggish economy that is threatened by an escalating trade war with the U.S. The 5% growth target, unchanged from a year earlier, projected a sense of continuity as the Trump administration upends long-held assumptions about the global economic order .

In the two months since his return to office, Trump has put an additional 20% tariff on all Chinese goods and imposed an extra 25% duty on steel and aluminum imports.

China reported weaker-than-expected growth in the export sector to start 2025, which was a key engine of China’s economy last year—and which stands to take a hit as tariff barriers rise around the world. China also recently reported a drop in consumer prices for the first time in a year, a reflection of a larger disinflationary environment that has prompted Chinese leaders to call for more spending by households and businesses. Loans and credit data for February also came in below expectations.

On Monday, China said retail sales in the first two months of the year increased 4% from the same period a year earlier, up from December’s 3.7% year-over-year growth, according to figures published by China’s National Bureau of Statistics. China combines January and February data each year to iron out distortions brought by the shifting timing of the Lunar New Year holiday.

Chinese leaders have identified boosting domestic consumption as their top policy priority for 2025, a move that economists say has become critical as Trump administration tariffs hinder Beijing’s ability to rely on exports to boost growth.

China said industrial production in January and February rose 5.9% from a year earlier, more than economists’ expectations for a 5.4% increase but down from the 6.2% year-over-year gain in December.

Production of new energy vehicles, which includes electric vehicles, 3-D printing equipment and industrial robots jumped 48%, 30%, and 27% year-over-year, respectively, according to the data. Investment in buildings, equipment and other fixed assets rose 4.1% for the same period compared with a year prior.

The real-estate sector, a sore spot in China’s economy, continued to struggle. Property investment fell 9.8% year over year during the first two months of the year. New construction starts dropped by about 30% from the year prior.

Many economists say a sustained recovery in China’s property market is essential to repairing consumer sentiment and increasing spending, given how important real estate is to household wealth levels in the country.

China’s headline measure of joblessness, the urban unemployment rate, rose to 5.4% in February, its highest level since February 2023, up from 5.2% in January and 5.1% in December, according to the data. The metric isn’t seasonally adjusted.

 

‘Walking Europe’s Last Wilderness’ Review: A Carpathian Ramble

The Carpathian Mountains are a horseshoe-shaped range that arcs from central to southeastern Europe. From their western edge in Austria and the Czech Republic, the Carpathians rise clockwise through Slovakia and southern Poland, curve around the Hungarian plains and through western Ukraine, run south into Romania, then turn back westward and finally protrude into northern Serbia. There are wild patches in Europe’s other major ranges, but the Carpathians have forests where the Alps have ski resorts and brown bears where the Pyrenees have the microstate of Andorra. The Carpathians are the last wild place in a crowded continent.

The Carpathians, Nick Thorpe writes in “Walking Europe’s Last Wilderness,” are the “geographical center of Europe.” Their peaks and ridges form the watershed between the Baltic Sea to the north and the Black Sea to the southeast. As geography shapes history and history shapes peoples, the mountains are a political “fault line between East and West.” Once contained within the Austro-Hungarian Empire, the Carpathians now curve through six European Union states, one candidate state (Serbia) and Ukraine, whose future is uncertain.

The cover art of “Walking Europe’s Last Wilderness” evokes John Craxton’s designs for Patrick Leigh Fermor’s travelogues “A Time of Gifts” (1977) and “Between the Woods and the Water” (1986). Though Mr. Thorpe describes the enduring exoticism of hospitable huts, historical grudges, handmade goat cheese and homebrewed  pálinka  fruit spirits, this is not a romanticizing epic from a lost era. Mr. Thorpe is a hiker and camper, and always ready to go barefoot in the meadows, but he lives in Budapest, one of the cities of the plains that surround the Carpathians. A BBC reporter, he launched a series of episodic explorations between 2018 and 2024. He has compiled a richly textured report on an ancient terrain that is being remade into a new political and economic landscape.

The nation-states of the region were created in the 19th and early 20th centuries by “unraveling the complex web of religious, cultural and linguistic threads that characterized Europe.” The nation-builders suppressed “local dialects, vernaculars and identities” and then the Soviets suppressed the nations. The mountains still hide the remnants of the peoples who neither attained statehood nor succumbed: Liptos, Lemkos, Boykos, Hutsuls, Bukovinians, Szeklers, Ruthenians. The revival of the nation-states and their economies after the Cold War threatens to erase the last traces of local identity.

Samo Hríbik, a shepherd in Slovakia, finds his flock by starlight without the help of a dog and fashions traditional  fujara  flutes, whose “long, shuddering notes,” Mr. Thorpe writes, suggest “the wind buffeting a thatched roof.” In western Ukraine, the 86-year-old Vasyl Kischuk puts on his traditional white smock and brown hat and demonstrates the  trembita , the traditional Hutsul wooden trumpet, and a “deep, mournful sound fills the meadow.”

As memories and traditional crafts are fading, incomers are reviving them. Mr. Thorpe meets brewers, cheesemakers, environmentalists and animal lovers mapping migration corridors for brown bears amid the refugee crisis caused by the Ukraine war. Oreste Del Sol, a Paris-born anarchist who shows Mr. Thorpe around his farm and the local slow-food cheese factory in the Ukrainian village of Nyzhnje Selyshche, tells him that being a shepherd in Ukraine is “illegal, or a-legal.” The production and sale of cheese is unregulated. The cheese, Mr. Thorpe finds, is “magnificent.”

For Slovaks, it is the mountains that matter; their national coat of arms carries three stylized ranges. Hungarians, however, speak of the “Carpathian basin” as their homeland and its ring of mountains as a lost shield against invaders. Romanians, whose country is bisected north-south by the Carpathians’ eastern flank, trace their origins to the Dacians, one of whose ancient tribes, the Carpi, gives the name of the mountains. For all their governments, forestry is big business. There are still “primeval forests” in the Carpathians, untouched by humans. There are many “old-growth” forests that were too remote or located on terrain too steep to be exploited in the past. There are also “buffer zones” such as national parks. But the forestry companies now have modern cutting technology and transport, and satellite imagery.

The bouncy IKEA Pöang chair in Mr. Thorpe’s Budapest home is made from beechwood. Romania has two-thirds of Europe’s old-growth forests and IKEA is “the largest private forest owner in Romania.” On paper, IKEA is a “champion of sustainable forestry.” Environmentalists claim, however, that some of its beechwood is “illegally logged—or, at best, over-logged.” IKEA insists it practices “responsible forest management.” Mr. Thorpe goes to a hilltop near Romania’s border with Ukraine. Google Maps shows it “thickly forested.” Mr. Thorpe finds only stumps and scattered branches.

Romsilva, the state forestry company, manages about two-thirds of Romania’s forests. It is charged with both protecting national parks and exploiting a national asset. According to the Romanian Forestry Inventory, 18 million cubic meters (about 635 million cubic feet) of timber were legally felled annually between 2014 and 2017, but “a further 18 million cubic meters were cut illegally each year.” Between 2010 and 2020, 600 members of the Forestry Guard were assaulted after intervening to stop illegal logging. Six were killed.

When Mr. Thorpe leaves the Slovakian capital of Bratislava, he notices that a “gulf of sheer incomprehension has opened up between the village and the city.” The gulf never narrows. “The mountain people, those born and bred here, don’t do much walking in the mountains,” says Sergiu Frusinoiu, a Romanian working with a mountain rescue group. Romania’s “bear problem” is worsening as humans expand into the mountainous territory of its large carnivores: bears, wolves, lynx and jackals. New roads cut across bear migration routes. New towns increase human-carnivore contact. The bears are learning to see humans as a source of food. The Romanian government will allow “the hunting of nearly 500 bears by the end of 2025.” Foreigners, Germans especially, will pay up to 20,000 euros to kill a big male. But no one can agree how many bears there are in Romania, or whether there are really “too many.”

The mayor of Băile Tușnad has educated his townspeople, spent €10,000 on bear-proof trash cans, and cut down the fruiting apple and plum trees in his town. The bears no longer come into Băile Tușnad but, he says, neither do other Romanian mayors in search of advice. Many politicians and businessmen are deep in corrupt forestry deals. The U.S. and EU’s plans for postwar Ukraine include building a “circular road through the Carpathians” to open the mountains for further development. The oligarchs will build ski resorts “where the playboys and playgirls of the new Ukraine will glide effortlessly at high speed, while their brothers, or uncles, sit bitterly at home in wheelchairs.” Old-growth forests make new money, and slow food comes second to a quick buck.