Today
Home transaction growth will be ‘modest’ this year
Steady transaction volumes in the first two quarters of this calendar year show consumers are cautious, especially without a rate cut, PEXA data indicates.
- Michael Bleby
Canada rate cut fires up housing market
Falling interest rates can trigger a rush of activity, pushing up house prices. Policymakers must deal with the ripple effects when the market takes off.
- Aimee Look
Yesterday
- Sponsored
- Commonwealth Private
Migration supports demand for trophy homes
Demand for luxury properties is also growing thanks to strong migration underpinning the housing market.
Sponsored
by Commonwealth Private
Why Melbourne could beat other cities in the next housing upturn
Melbourne’s prolonged downturn is priming the city for a strong rebound when interest rates fall, experts say.
- Nila Sweeney
AustralianSuper, Hesta look to supercharge housing investment
The industry super fund giants have taken shared ownership of Assemble, which develops affordable rental and for-sale housing.
- Michael Bleby
This Month
‘Death clause’ triggers an extra $1.2m for vendor
“You’re not legally allowed to ask for a price reduction just because someone dies,” said the agent. But one buyer did – and then pulled out of the sale.
- Michael Bleby
How building codes are crunching affordability
Energy efficiency demands and stringent accessibility rules are increasing the cost of building homes by tens of thousands of dollars.
- James Hall
Turramurra home sold for $4.6m despite weaker winter market
The national auction market is losing steam ahead of the spring selling season, with buyer demand waning as expectations of a rate cut this year fizzle.
- Nick Lenaghan
- Exclusive
- Luxury property
Society couple settle on $20m Bellevue Hill home
Anabel and Andrew de Saxe have settled on their six-bedroom, four-bathroom mansion, following a string of hefty sales linked to their extended family.
- Bonnie Campbell
Fight over Baby Boomer housing takes toll on developer
The Melbourne-based developer and landlord faces the twin battles of a slowing market and criticism of a fee structure that other companies do not use.
- Michael Bleby
- Exclusive
- Luxury property
Son of late British billionaire sells $12m Melbourne penthouse
Businessman Mark Healey has offloaded his Toorak penthouse, while packaging executive Alex Commins has downsized to South Yarra.
- Bonnie Campbell
- Exclusive
- Luxury property
Luxury homes now ‘critical asset’ for Australia’s wealthy
The number of house sales over $5 million has rocketed since 2019, with a new report saying prestige property is key to long-term wealth creation.
- Bonnie Campbell
Tenerife waiters forced to live in tents amid tourist-driven property boom
Low-paid service workers who are vital to the tourism industry are being squeezed out of the market because of the boom in holiday rentals.
- James Badcock
Apartment starts fall to 11-year low
Industry groups say the extra costs of construction union agreements compound rising materials and financing costs to make housing projects unprofitable.
- Michael Bleby
The suburbs turning into buyers’ markets as listings pile up
The sharp increase in inventory levels is creating favourable conditions for buyers, experts say.
- Nila Sweeney
Barrenjoey partner swaps Bondi federation mansion for Double Bay villa
After selling their Bondi home to designer Camilla Franks, Barrenjoey Capital founding partner Ben Scott and wife Pensiri have bought in Double Bay.
- Bonnie Campbell
The city that is still relatively affordable to buy a house
Rapid house price increases in the past year has sparked a sharp decline in the proportion of affordable house markets across Perth, Brisbane and Adelaide.
- Nila Sweeney
Build-to-rent starts tumble as high costs take a toll
But by the end of the decade, build-to-rent housing could hit its next growth spurt, accounting for nearly 20 per cent of apartment starts.
- Nick Lenaghan
Rich Americans flex-working on French Riviera fuel property boom
International buyers want long-term investments in sunny wealth hubs such as the French Riviera, Dubai and Miami, where they can live for long periods each year.
- Damian Shepherd
First home buy costs $1.28 million – and 858km
Affordability is pushing rookie property purchasers to look more widely than before. But they’re often also older, and have more money to spend.
- Michael Bleby
