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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


Paul Bangay at Stonefields

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 are set to surge 30pc due to a lack of supply.

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

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
Laura and James Hannan have paid $12m for this Vaucluse Home.

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

The multilevel home is one of just two dozen in Toorak with river frontage.

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 house prices are poised to increase by around 12pc  this year and by another 5pc next year.

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
The six-bedroom house on 902 square metres at 4 Haining Avenue in western suburban Perth’s Cottesloe sold by private treaty for $3.8 million.

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
David Droga used to walk the Bondi to Bronte track past Lang Syne as a teenager.

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

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
The St Georges Road property sits on over half an acre and comes with a pool and tennis court.

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
The huge Windermere estate has been partially completed by Country Garden.

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
Units in Perth are achieving some of the highest rental returns and capital gains in the country according to CoreLogic.

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
Owen Wilson’s mansion at 25 Linlithgow Road, Toorak.

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
House prices are back on the mind of the RBA.

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

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