Yesterday
$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.
This Month
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.
Ultimate trophy property: The Sydney Harbour island up for sale
Defence is selling Sydney’s Spectacle Island, a once-in-a-generation sale of “beautiful” 1800s buildings, but who will be the likely buyer?
Pub baron buys billionaire’s Potts Point mansion for $28m
High-profile pub owners Andrew and Denise Lazarus have purchased Jenner House in Sydney’s east.
Melbourne’s Beck family inks suburb record with $12.65m mansion sale
Ben Beck, son of Melbourne property identity Max Beck, has sold his designer South Melbourne mansion as trophy trades run hot in the inner-city beachside area.
Labor reworks $10b affordable homes plan, but providers fear debt trap
The government wants developers of 21,350 new homes to keep them as rentals in the long term. Some worry that this will be more difficult amid broad changes.
Cerberus-backed Lincoln Place to kick off $1b sale next month
The developer and operator of mid-market land lease communities says it can acquire up to 10,000 more sites over the next three to five years.
Antony Catalano slashes $6m off luxe St Kilda penthouse
One of Melbourne’s most luxurious penthouses has been relaunched with a reduced price guide, while ex AFL chief Andrew Demetriou discounts in Toorak.
Queensland to developers: Tell us what government land you want to buy
The state has scrapped affordable housing mandates in a bid to attract the private sector to build more homes.
US property giant buys into Perth’s student housing boom
East-coast capitals have so far absorbed much of the momentum in the fast-growing student housing sector. Now it’s Perth’s turn.
Labor accused of ‘secrecy’ over angst at flagship $10b housing fund
Housing Australia is overseeing the government’s push to fix a major undersupply in affordable homes, but it has faced serious governance and cultural issues.
Bunnings starts selling DIY ‘tiny homes’ as housing costs pinch
As Australians struggle to keep up with the rising house prices, many are turning to cheap and easy backyard pre-fab pods – and now Bunnings is on board.
A $725k sale bad for first home buyers – and the investor selling it
By selling their unit with a long lease in place, the vendor cut most first home buyers from the pool of bidders. Watch out for more of it, agents warn.
Secret review raised red alert over Labor’s housing super agency
A previously unreleased Deloitte report commissioned by Housing Australia found it was taking a “high-risk” approach to doling out billions of dollars in funds.
Sydney, Melbourne house price growth almost flat as cooldown begins
Nationally home values accelerated in January, but buyers in Australia’s two largest cities are already worried about the Reserve Bank’s next moves.
First home buyer policies ‘harm the people they most intend to help’
Experts say an interest rate increase this week will hit first home buyers the hardest after Labor’s 5 per cent deposit incentive pushed up property prices.
Melbourne home sells nearly $180k above reserve as rate fears bite
Even with lower rates, vendors and buyers have been aligned on price over the past 12 months. Higher borrowing costs may drive them even closer.
January
Resort-style Wategos pad to test Byron record at $40m
A luxury two-residence abode called Este has hit the exclusive Wategos market in an early test of Byron’s booming luxury market.
Investment banking legend lists $40m Manly penthouse
Former investment banker Peter Hunt and his wife Tania de Jong have listed their luxury penthouse on Sydney’s northern beaches
Power couple to sell $20m architectural prize in Sydney’s east
A romantic villa-style home designed by renowned architect Leslie Wilkinson and owned by members of the prominent Droga clan has hit the market.
Residents fear ‘grey nomad wealth zone’ if 1000-person jump approved
Sydney’s developers moved swiftly to take advantage of new planning rules allowing more density. Inner-city suburbs such as Rose Bay are on the front line.
