Today
- Opinion
- Chanticleer
Near-record house prices can’t disguise a broken market
With house prices on pace to set new all-time highs, Australia’s affordability crisis is deepening. NAB chief executive Ross McEwan says a key solution will underpin urgent action.
- James Thomson
Rising listings, poor affordability slash house price growth
The rate fell by a third to 1.9 per cent across the combined capital cities during the September quarter, a new report from Domain shows.
- Nila Sweeney
Yesterday
Apartment rents set to rise by 30pc, says CBRE
An undersupply of apartments relative to demand will drive rental spikes of more than 30 per cent in many suburbs over the next five years, according to CBRE.
- Larry Schlesinger
This Month
Music promoter’s $25m riverside Toorak mansion hits the market
Richie McNeill spent millions building a multilevel home overlooking the Yarra and then got into a legal fight with the architect.
- Larry Schlesinger
Sydney, Brisbane, Perth house prices to rise 12pc this year
The rosier prediction comes as expectations for a wider housing market recovery over the next few years strengthen.
- Updated
- Nila Sweeney
Where property demand is set to soar
Australia’s population tipped to boom by more than 7.4 million over the next two decades, sending demand for dwellings soaring.
- Nila Sweeney
- Opinion
- Chanticleer
War, house prices and Aussies with two jobs: big forces are colliding
Rising oil prices, higher bond yields and persistently high house prices are colliding with signs of economic pressure.
- James Thomson
The suburbs handing landlords 17pc capital gain and $20k cash flow
Rentals that are earning enough to cover the interest repayments can still be found in more than 80 suburbs nationwide, data from CoreLogic shows.
- Nila Sweeney
- Opinion
- Chanticleer
RBA’s housing pain drives PEP’s and Mirvac’s $1b bet
The RBA is growing increasingly worried that the housing crisis will last years. Mirvac and Pacific Equity Partners are betting it will.
- Updated
- James Thomson
These twins paid $1.1m to live next door to each other
Natarcha and Samantha Simmonds decided to buy off-the-plan apartments next door to each other to escape the rental trap.
- Campbell Kwan
The tree change suburbs turning into buyers’ markets
Gippsland-South West in Victoria, South Coast and Inverell in NSW, and West Coast in Tasmania are now offering buyers plenty of options, according to Suburbtrends.
- Nila Sweeney
Suburbs with the highest granny flat potential
More than 655,000 granny flats could be built across the country straight away to help alleviate the housing shortage.
- Nila Sweeney
Investor exodus gathers pace in Melbourne, Sydney
More investors are bailing out of inner Melbourne and Sydney markets amid weak capital growth and large increase in holding costs.
- Nila Sweeney
Melbourne home sells for nearly $1m more than asking price
Sydney’s auction success rate increased by 2.6 per cent as home buyers compete for a scarce number of properties.
- Campbell Kwan
Sydney Metro boosts apartment premium by up to 20pc
Apartments along Sydney’s new Metro stations are poised to outperform similar properties in neighbouring suburbs.
- Nila Sweeney
Slowdown in home building costs to help ease inflation
The sharp slowdown in the rate of growth in home building costs should help counteract some of the inflationary impact of higher rents and reduce the risk of further rate rises.
- Nila Sweeney
Why buyers looked past the flaws in this unit – and paid $2.4m
The shabby apartment needed at least $200,000 to fix it up. But rather than hide its faults, the agent hit buyers over the head with its problems. And it worked.
- Michael Bleby
Buyers beat reserves as spring selling picks up speed
Despite a bounce in auctions, buyer demand has held up. Bidders are beating reserves and prices are rising.
- Nick Lenaghan and Michael Bleby
- Updated
- Interest rates
Big squeeze no bar to another RBA rate rise
The Reserve Bank could still lift rates even after finding rapidly rising mortgage repayments had starved some borrowers of the ability to pay expenses such as health insurance and school fees.
- Updated
- Jonathan Shapiro and Michael Read
- Opinion
- Chanticleer
Why this housing data should give Michele Bullock a ‘dull headache’
Rental growth is running hard and vacancy rates are falling again. That adds to the housing worries of the new Reserve Bank of Australia governor.
- James Thomson
