Latest
- 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
- Exclusive
- Shopping centres
Why Unibail is building flats at its Westfield malls
An unloved district of south London could showcase Unibail-Rodamco-Westfield’s reinvention from mall owner to full-spectrum urban redeveloper.
- Hans van Leeuwen
Rising rates won’t hit home building in WA or Victoria, ABN Group says
Perth’s undersupply of housing relative to demand is so great that prices will keep rising “substantially”, the country’s second-largest home builder says.
- Michael Bleby
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
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
Atlassian, Lendlease give discount deals for office subtenants
Lendlease has completed subleases at Barangaroo Tower 3 that amount to getting back about 45 per cent of its passing rent.
- Campbell Kwan
How it Sold
This $3.8m sale shows the pressures on downsizers
In a low-stock market, vendors want longer settlements. But the rising cost of living means they’re also putting more money into super when they sell.
- Michael Bleby
A $2.7m offer made this vendor jump early
After a “mini boom”, buyers are becoming cautious again – and that’s making some sellers decide it’s better to take an early bid.
- Michael Bleby
Luxury Property
Stonefields sale sours, prized garden estate set to rejoin market
The sale of landscaper Paul Bangay’s Victorian home has fallen over, with Jamie Durie’s Opulus Hotels electing ‘not to proceed’ with purchase.
- Bonnie Campbell
- Exclusive
- Luxury property
Fashionista sells North Bondi home where demand ‘has never been stronger’
Bec + Bridge’s designer Bec Cooper sells her family home in the famous beachside suburb a week out from its scheduled auction.
- Bonnie Campbell
Yesterday
Stonefields sale sours, prized garden estate set to rejoin market
The sale of landscaper Paul Bangay’s Victorian home has fallen over, with Jamie Durie’s Opulus Hotels electing ‘not to proceed’ with purchase.
- Bonnie Campbell
- Exclusive
- Luxury property
Fashionista sells North Bondi home where demand ‘has never been stronger’
Bec + Bridge’s designer Bec Cooper sells her family home in the famous beachside suburb a week out from its scheduled auction.
- Bonnie Campbell
MacLachlans break up farming empire bigger than Netherlands
The wealthy family has split up a livestock station portfolio bigger than the Netherlands after brothers Jock and Callum quit its Jumbuck Pastoral.
- Larry Schlesinger
- Opinion
- Commercial real estate
The $5b ‘repair job’ that is reviving Circular Quay
A suite of projects – including an office tower, luxury apartments and the new Waldorf Astoria – is breathing new life into Sydney’s city waterfront hub.
- Robert Harley
- Exclusive
- Luxury property
Printing scion trades Bellevue Hill for $12m Vaucluse home
James Hannan, son of printing magnate Michael Hannan, has bought in Vaucluse for $12 million.
- Bonnie Campbell
Dexus CEO Darren Steinberg to step down
Darren Steinberg’s exit is the latest departure in a generational change sweeping across the top ranks of the property sector.
- Nick Lenaghan
Regional pubs roll-up Harvest Hotels combines two funds; preps exit
Prospective backers are being told to think of a liquidity event within 36 months, and circa 19 per cent IRR to exit.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Hutchinson Builders reports a ‘rubbish’ 80pc slump in profit
The pressures on construction contractors are acute in a regional market such as south-east Queensland, where they continue to compete for limited resources.
- Michael Bleby
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
Sydney construction firm NPM calls in administrators
The construction, design and refurbishment firm completed commercial projects for some of the country’s biggest property groups.
- Larry Schlesinger
As timber buildings go up, emissions come down
The growing use of engineered wood products allows for less embodied carbon in buildings, but that alone won’t make construction clean.
- Michael Bleby
Where to find the cheapest properties to rent near the CBDs
These are the suburbs where tenants can still rent a house for under $500 a week and units for less than $400.
- Nila Sweeney
I’m not responsible for Dome collapse, former director says
The former head of a high-end building company put into liquidation last week says he’s not to blame - and that his offers to help the company were rejected.
- Michael Bleby
Rosy e-commerce outlook drives ex-Rich Lister’s move into new shed
New Aim will lease a 31,500 sq m state-of-the-art shed in Stockland’s new $2 billion Melbourne Business Park as e-commerce drives the industrial market.
- Larry Schlesinger
Chocolate maker abandons $70m Ferrero Rocher nut orchards
The Riverina estate was planted with 1 million hazelnut trees to supply nuts for Ferrero Rocher chocolates but will be put up for sale for $80 million.
- Larry Schlesinger
American work-from-home rates drop to lowest since the pandemic
Fears of a recession have eroded employees’ ability to demand the telework perks they won early in the pandemic, when the labour market sat squarely in their favour.
- Zachary Fleming, Redd Brown and Ignacio Gonzalez
Skiing in Japan to get a $2.2 billion upgrade close to Tokyo
Big plans are under way for Myoko Kogen as more global investors look to get in on the country’s red-hot tourism rebound.
- David Ramli, Lisa Du and Yuji Okada
Big builders argue against new federal payment rules
The Australian Constructors Association says the industry is no worse than any other at paying its bills, but the author of a key 2017 report disagrees.
- Michael Bleby
This $3.8m sale shows the pressures on downsizers
In a low-stock market, vendors want longer settlements. But the rising cost of living means they’re also putting more money into super when they sell.
- Michael Bleby
