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Property

Residential

Today

Buyer demand is expected to stay resilient despite interest rates staying higher for longer.

Pace of house price growth to cool as risks emerge

House prices have recouped the interest rate-induced losses in the past two years and are poised to hit record highs this year, but downside risks are gathering pace, according to experts.

  • Nila Sweeney
Amid a surge in Perth property prices, the WA government will give owners of vacant homes $5000 if they make them available for long-term renters.

Landlords offered $5000 lure for housing fix

Amid a surge in Perth property prices, the WA government will give owners of vacant homes $5000 if they make them available for long-term renters.

  • Tom Rabe
AFR

Victoria adds $700m to home buyer scheme – and calls time on it

There were minimal housing policies in the Victorian budget, but the state government is hopeful of a pick-up in sales next year to boost its finances.

  • Updated
  • Michael Bleby

Yesterday

Downcast: Property market-reliant Victoria is in for a ‘challenging’ budget on Tuesday.

Victoria has become a poor state: economist Saul Eslake

The southern state’s high dependence on property and population growth has a fallout felt beyond its borders.

  • Michael Bleby
First cab off the rank: The investment property at 5 Pauls Drive, Valley View, was the first to be auctioned and reached a price of $885,000 before they paused and started selling the neighbouring home.

The complicated $1.8m sale of a ‘gamble’ that didn’t pay off

A suburban family bought their neighbours’ house to give them a larger block, but when interest rates went up further something had to give.

  • Michael Bleby
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This Month

The suburbs where unit values are rising 11 times faster than houses

“Investors are snapping up apartments because they are more affordable and the yields are becoming quite attractive.”

  • Nila Sweeney
This Victorian home in Melbourne’s Armadale sold for just over $5m at auction.

‘Tired’ deceased estate sells for $1m more than guide

Auction clearance rates rose at the weekend despite a 10pc increase in listings. Buyer’s agent David Morrell says good properties are “flying out the door”.

  • Larry Schlesinger
Not clear: a Commonwealth tender requirement for certification excludes smaller and regional builders from work under the $10b HAFF funding program.

Red tape puts Labor’s $10b HAFF housing plan at risk

The federal government, set to fall 300,000 homes short of its 1.2 million target, faces another hurdle over workplace health and safety certification.

  • Michael Bleby

Toorak power couple buy Nick and Camilla Speer’s $25m Portsea pad

Private equity executive Nick Speer and wife Camilla have sold their Portsea holiday compound Rovina to Toorak’s Sophie Oh and Grant Rule.

  • Bonnie Campbell and Michael Bleby
Guests at the Lang Walker memorial

‘Larger than life’: packed memorial farewells Lang Walker

Friday’s two-hour public service for the property developer and Rich Lister, who died in January, was attended by a who’s who of Australian business and politics.

  • Robert Harley
Housing news from Victoria budget 2024.

Australia to fall 300,000 homes short of Albanese’s target

The housing industry welcomes official recognition that the country will fall short of its goals, but warns demand for new homes is still underestimated.

  • Michael Bleby

Why city boltholes are the next must-have for Baby Boomers

A new wave of apartment buyers could fuel stiffer competition, experts say.

  • Nila Sweeney

Inside the $30m Sydney penthouse with harbour views and haute couture

This CBD penthouse comes with luxury furniture, art, a car collection, jewellery and 350 bottles of wine – all curated by a concierge service

  • Bonnie Campbell
Ownership of foreign-funded build-to-rent property should revert to Australian citizens after 15 years.

Foreign-funded properties should revert to Australian ownership

Readers’ letters on the need for time limits on foreign ownership of build-to-rent housing; the potential of wind power; men and gendered violence; reforming negative gearing; and Australia’s most stylish leaders.

3 Berwick St, Coogee

Sydney couple down $700,000 trying to demolish old house

Ali and Amanda Hassan are fighting a long and costly battle with their council to convert a run-down dental surgery into a modern duplex.

  • Aaron Patrick
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The Frydenbergs have listed their Hawthorn home in Melbourne’s inner east.

Former treasurer Josh Frydenberg lists family home

Former treasurer Josh Frydenberg and his lawyer wife Amie have listed their family home in Melbourne’s Hawthorn.

  • Updated
  • Bonnie Campbell
The 37 largest community housing providers bid for funding to develop more than 26,000 social and housing units in developments such as this one in western Sydney’s Penrith.

$10b housing fund should be doubled, community providers say

The massive response to the federal government’s first tender to develop affordable and social rental housing shows more funding is needed, developers say.

  • Michael Bleby

Ransomware group claims attack on valuer HTW

In a post on the dark web, Black Suit says it has obtained 20 gigabytes of the valuation firm’s customer and transaction data.

  • Michael Bleby

A housing boom is coming – for the wealthy

Investors, downsizers and upgraders will drive the next wave of residential development. First home buyers will hardly get a look in.

  • Michael Bleby
Kristen Kubank with one of her sons Angus, in front of her new investment property that she bought for her kids to rent

How this CFO landed on the perfect property to help her adult children

Kristen Kubank bought a townhouse to help her adult-aged children who have struggled to enter the property market despite having stable jobs.

  • Campbell Kwan