Latest
Surging residential settlements push Stockland profit up 19pc
As interest rates rise, the company is remaining cautious, keeping its guidance unchanged after a strong first half.
Beachside home sells for $1.4m above reserve as auction numbers jump
Proceeds from the sale of the Clovelly deceased estate went to charity, meanwhile auctions remain competitive – but the depth of buyer demand may be easing.
Treasury may need more money to cover 5pc borrowers
First home buyers may be at greater risk of default as rates rise because they can borrow more under the expanded scheme.
Former Future Fund property boss takes charge at non-bank lender
The tie-up will connect more global investors with Australia’s real estate debt market, while opening a line into European debt markets for local investors.
Lendlease CEO Tony Lombardo to step down in August
Lombardo has led a painful turnaround, but it may not have been fast enough. Only three months ago, he said he’d be in charge for two more years at least.
‘Pretty scary’: Data points show why young parents are leaving Sydney
An interactive heatmap shows how 55 per cent of Sydney is classified as “impossibly unaffordable” and many of those suburbs are fast losing residents to the regions.
How it Sold
They wanted to buy land and build. They bought a $715,000 unit instead
The real winners of the federal government’s 5 per cent first home buyers deposit scheme could tap it immediately. The second wave faces fast-rising prices.
Why higher rates didn’t touch this $5.618m sale
In Sydney’s eastern suburbs, there are extra sources of wealth that are not affected by an extra quarter of a percentage point on the cash rate.
Luxury Property
Melbourne developer presses ‘go’ on $1b Gold Coast luxury tower
The latest large project slated for the Glitter Strip shows developers are rushing to secure builders. But it also shows high-end development is crowding out the mid-market.
Former CBA boss lands secret buyer for Hunters Hill estate
One of Hunters Hill’s finest estates, Lyndcote was listed for sale by former CBA chief executive David Murray last year. Now, it’s disappeared from websites.
More From Today
They wanted to buy land and build. They bought a $715,000 unit instead
The real winners of the federal government’s 5 per cent first home buyers deposit scheme could tap it immediately. The second wave faces fast-rising prices.
Melbourne developer presses ‘go’ on $1b Gold Coast luxury tower
The latest large project slated for the Glitter Strip shows developers are rushing to secure builders. But it also shows high-end development is crowding out the mid-market.
This Month
Former CBA boss lands secret buyer for Hunters Hill estate
One of Hunters Hill’s finest estates, Lyndcote was listed for sale by former CBA chief executive David Murray last year. Now, it’s disappeared from websites.
Brookfield heavyweight splashes $28m on record-setting waterfront
Stewart Upson, the Asia Pacific head of the Canadian private capital giant Brookfield, and his wife Jemma have spent a record sum for a slice of Avalon Beach.
New York funds giant to pour $1.2b into Melbourne data centre
The property arm of the global fund manager has plans to continue expanding its data centre footprint in the city, with another site in due diligence.
Rate rise dampens interest at open homes
Consumer sentiment and higher rates are likely to slow housing price growth this year.
Lendlease strikes $2b malls deal with Cbus Property
Lendlease last year fought a bitter battle to retain control of its flagship commercial property funds. Now it has a deal to sell all units in one fund to Cbus.
Luxury tower beckons near new Melbourne metro station
Developers are picking over sites in the St Kilda Road precinct as offices give way to apartment towers and the city’s new metro lifts interest in the area.
Melbourne’s first hotel-branded penthouse sells for over $20m
A luxury penthouse whose residents can live like hotel guests has sold in Melbourne’s Docklands, setting a record for the suburb.
Mall owner beats rate rises with debt moves
Region Group boss Anthony Mellowes says managing the risk of rising debt costs has become key to the mall owner’s profit.
Retirement living player Reside Communities hangs out for-sale sign
Reside owns and operates five villages across South East Queensland, with more than 1000 luxury homes in Brisbane, Gold Coast and the Sunshine Coast.
Melbourne’s Mecca superstore is already getting a makeover
Just six months after the cosmetics giant’s largest store opened to much fanfare on the Bourke Street Mall, its distinctive facade is getting a facelift.
$75m sale shows the opportunity of Sydney Metro for downsizers
The harbour city’s new rail infrastructure is reshaping housing in the city and creating new spaces for wealthier owner-occupiers to live in.
Two years in, Housing Australia has completed 2pc of its total target
The federal government agency tasked with developing 40,000 social and affordable rentals in five years had just 895 completions in its first two years.
Why higher rates didn’t touch this $5.618m sale
In Sydney’s eastern suburbs, there are extra sources of wealth that are not affected by an extra quarter of a percentage point on the cash rate.
‘A simpler life’: Towns where house price growth nears 50pc
Housing affordability is pushing residents out of cities and into regional hotspots, and one family who moved from Melbourne to Queensland has no regrets.
Sydney home sells for $1m above guide as buyers shrug off rate hike
Weekend auctions had a strong turn-out despite last week’s RBA rate increase, but experts are unsure if the momentum will last.
Former Perpetual chair sells Woollahra mansion for $26m
After a lengthy campaign, Charles Curran has sold his Woollahra home amid a string of high-profile trophy trades in Sydney’s east.
Long-time publican back in the game with near-$15m coastal pub buy
Rod “Ned” Kelly, who once worked with prolific investors like John Singleton and Mark Carnegie, is jumping back into the pub space with his latest seaside buy.
