Today
Why Melbourne’s housing crisis will get worse before its gets better
Victoria’s population is growing faster than any other state but as housing demand outpaces supply and wage growth, its economic prosperity is at risk.
- Gus McCubbing
Real estate agent doubles his money by selling own apartment for $6.5m
There’s a national shortage of suitable units for downsizers, so a man who sells them for a living has just sold his own home – at quite a profit.
- Michael Bleby
- Exclusive
- Luxury property
The luxury estate used by George Clooney hits Gold Coast market
Gold Coast luxury property developer Tim Gordon and his wife Karin have put their equine property Rivermead Estate on the marketing guiding above $20 million.
- Bonnie Campbell
Yesterday
Sticky inflation not deterring home buyers at auction
Auction markets didn’t react to renewed interest rate rise fears as the pool of home buyers remains big enough relative to the number of homes up for sale.
- Campbell Kwan
High costs to delay housing supply until end of decade: AFR survey
It’s a case of simple economics choking off the desperately needed supply of new housing as building costs rise faster than house price growth.
- Nick Lenaghan
This Month
Over-50s lifestyle boss asking $30m for Byron retreat
GemLife CEO Adrian Puljich and wife Jessica list Byron estate for $30m, while mental health advocate Hugh van Cuylenburg and Penny Moody buy in Bangalow.
- Bonnie Campbell
Why this apartment owner ditched real estate agents
Morgyn Bostock chose not to use an agent when she sold her home - and would happily do so again.
- Updated
- Gus McCubbing
- Exclusive
- Luxury property
Gutted penthouse in coveted Sydney block goes on sale for $10m
The unrenovated property in Potts Point’s landmark Manar building has DA-approved plans, while a lavish Paddington home inspired by Versailles is on sale again.
- Bonnie Campbell
What the new land value boss thinks will happen to property prices
Sally Dale’s appointment comes at a critical juncture for both the residential and commercial markets in Australia’s most populous state.
- Nick Lenaghan
Tax plan casts a pall over London’s mansion market
A UK budget proposal is threatening to scare away a significant pool of investors who have been historically keen on the city’s exclusive properties.
- Damian Shepherd
Median house prices in Brisbane and Adelaide to hit $1m by December
House price growth momentum has slowed across the capital cities, but is still expected to hit new records this year according to Domain.
- Nila Sweeney
HTW employee details may have been compromised in valuer data breach
Banks are still waiting for an independent evaluation of the data breach and some are increasing their restrictions on the valuation firm.
- Michael Bleby
Buying a unit cheaper than renting in only 11pc of suburbs nationwide
The number of suburbs where buying was cheaper than renting plummeted to just 2.5 per cent across Australia, and 10.8 per cent for unit buyers.
- Nila Sweeney
Buyer plays up strata cost fears before $2.47m apartment purchase
A local purchaser of a Gold Coast unit used the threat of an extra $25,000 special levy hanging over the property to try to put his rivals off.
- Michael Bleby
Cautious buyers drag down Sydney auction clearance rate
Strong auction results are becoming rare in Sydney as more buyers are reluctant to stretch their limits, agents say.
- Nila Sweeney
Property price rebound is ‘remarkably resilient’
Across the nation, the housing rebound is proving resilient despite higher borrowing costs, and a panel of 10 experts tips median gains of 5 per cent nationally.
- Nick Lenaghan
‘Tapped out’ property investors use super when banks say no
A growing number of property investors who have “tapped out” their personal borrowing capacity are using their self-managed super funds to borrow more, advisers say.
- Updated
- Nila Sweeney
My strange journey into the doomsday bunkers of the super-rich
The first season of Amazon’s ‘Fallout’ has captured the reality of some of the places that I had actually visited in “meatspace”.
- Bradley Garrett
David Droga plans new home for Tamarama headland site
The owners and designer Luigi Rosselli aim to create a house on the landmark Sydney site that better reflects its location and the environment.
- Michael Bleby
Singapore’s $192,000-a-month retreats are latest luxury for new mums
High-end post-birth care centres are booming, especially in Singapore where the super-rich from mainland China have been flocking.
- Yoojung Lee and David Ramli