Today
The fastest-growing house prices aren’t where you think
Leafy suburbs closest to the CBD aren’t the ones that offer the biggest value gain. As home-building picks up, there are some suburbs worth considering.
Yesterday
‘There’s definitely profit’ for buyer of $2.4m home
Lower borrowing costs and expectations that purchasers will pay more are spurring developers into action once again. They’re chasing areas with opportunity.
This Month
New housing supply will raise (and lower) prices
The new home-building cycle is just beginning. Its effects on values will vary by location and property type, analysts say.
Brisk, no-risk housing policies take states back to the future
Fast-track planning rules to accelerate housing development and make better-quality homes show NSW is relearning lessons it has forgotten.
Alceon follows wealthy downsizers to Coolangatta with $142m retail buy
The investment manager plans to reposition the 32,000-square-metre shopping centre to match the southern Gold Coast’s changing demographic.
Asahi Kasei-owned builder NEX expands into land development
The move shows a deeper investment by the company that bought into then-named McDonald Jones Homes in 2017.
$2.5b luxury apartment project planned for Sydney
The ASX-listed developer, investor and builder wants to show it has progressed a strategy to double down on its Australian development pipeline.
Insolvencies surge in construction and hospitality sectors
Although the figures reflect the pain felt by many businesses, they also show that a growing number of small companies are taking steps to trade out of trouble.
Abacus Storage King opens its books after $2.17b takeover offer
A consortium led by southern African billionaire Nathan Kirsh has increased a bid first lobbed in April, and will have six weeks to conduct due diligence.
A picture tells a $500k price difference
First impressions count. So for the second attempt to sell this house, that meant cutting back a tree that clouded the front “hero” photograph. And it paid off.
Where you can and can’t install a $7000 skylight
While the traditional light well with polycarbonate sheet still has a place, skylights have gone upmarket. But you need to know how to use them.
No gaps: Is this the future of private hospitals?
A combination of doctors’ frustration, an available site and a developer looking to expand led to the building of a $100 million hospital.
Rate cut drives $1.8m sale in a ‘great-ish’ area
A developer bought this site with good potential. But they were chased up the price range by an eager owner-occupier.
GemLife debut now ASX’s seventh listing success in two weeks
The property developer raised $750 million in the biggest IPO of the year, with stock in high demand as investors look for new opportunities after a dry spell.
NSW apartment approvals boom as housing policies shift the dial
Policy changes as well as lower borrowing costs are driving a development upturn that is only just starting.
Andrew Roberts paves way for exit from construction with $20m deal
The former Rich Lister will step away from the construction business, which has witnessed the collapse of many builders in recent years.
Sydney, Melbourne house prices diverge as rates reshape market
The country’s two largest cities suffered during the first half of the year, but a pick-up since rates started easing has them both on a growth path.
June
First home buyers push prices up $200k in three months
Many first home buyers expect prices to pick up when borrowing costs are cut again, so they are moving quickly. But they are not just throwing money around.
How to spend $10m retrofitting a D-grade office building
Australia’s commercial property industry lacks the skills to upgrade its existing building stock for changing times, one office tower owner says.
‘Take your developer dad to auction day’ in Armadale
The kids of two of Melbourne’s biggest residential property developers were up against each other at one recent sale.