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
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
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
- 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
- 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
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 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
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 market in balance’: clearance rate holds steady 70.8 per cent
Auction clearance rates are lingering around 70 per cent in a sign buyers and sellers are aligning following months of vendor dominance.
- Bonnie Campbell
- Exclusive
- Luxury property
Why adman David Droga bought ‘the best piece of land in Australia’
The New York-based advertising executive talks about his enduring obsession with Tamarama’s Lang Syne, and his plans for the $45m beachside block.
- Sam Buckingham-Jones and Bonnie Campbell
- Exclusive
- Luxury property
Accenture duo take keys to Mosman’s gothic mansion Allowah
Accenture’s Amit Bansal and Amy Pillay have taken the keys to Mosman’s historic Allowah, while Longueville chalks up yet another trophy sale.
- Bonnie Campbell
- Exclusive
- Luxury property
Smorgon family sells $30m Toorak mansion in secret deal
Michael and Hayley Smorgon, members of Melbourne’s billionaire Smorgon dynasty, have sold their family home on St Georges Road in an off-market agreement.
- Bonnie Campbell
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
Defaulting Country Garden sells huge Melbourne estate to Frasers
China’s biggest private developer offloads Windermere estate in Melbourne to Frasers for around $250 million as the company moves closer to leaving Australia.
- Larry Schlesinger
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
- Exclusive
- Luxury property
REA Group CEO Owen Wilson sells Toorak mansion listed for $17m
The real estate platform’s chief and wife Liesl paid $7.25 million in 2008. Real estate boss Danny Thomas has paid $13 million for an off-the-plan St Kilda penthouse.
- Bonnie Campbell
- 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
- Exclusive
- Luxury property
Corporate adviser Jeff Singh to sell $22m Centennial Park mansion
The Centennial Park mansion of Chase Corporate founder Jeff Singh has hit the prestige market with a $20 million to $22 million guide.
- Bonnie Campbell
