Stefanovic's Sydney Home Demolished for New Mansion

Karl Stefanovic and his wife Jasmine have begun renovating their 1960s Sydney home, which was demolished to make way for a $4.5 million luxury mansion after a court ruling favored their plans. The new design includes multiple levels, five bedrooms, and a pool, despite neighborhood concerns about views and solar panel reflections. Meanwhile, a Nantucket beachside home, bought for $200,000 due to severe coastal erosion, was demolished after losing significant land to the ocean. Originally valued at $1.9 million, the house was condemned following the rapid erosion that left the structure vulnerable. Don Vaccaro, the owner, incurred a $400,000 loss despite renting the property temporarily, highlighting the risks of owning property on erosion-prone shores. The area has seen multiple homes demolished as erosion rates reach 10 to 15 feet per year.