Today
- Exclusive
- Property development
Why new apartments don’t sell and old ones do
A combination of high interest rates and weaker prices make established housing stock more attractive to buyers than apartments built as costs soared.
- 8 mins ago
Yesterday
Metricon widow puts $5m luxury pad on market
Patricia Curtis-Kline, whose husband George founded what became Australia’s largest home-builder, is preparing to leave her adopted home.
This Month
More households making ‘difficult’ decision to sell homes, RBA warns
Real estate agents say financial stress – and divorce – are prompting a surge in distressed listings, particularly in Victoria and parts of regional NSW.
Buyer of $19m mansion delays – then loses deal to faster rival
Consumers are right to be cautious about newly built properties. But the thoroughness of one potential purchaser was unnecessary for another.
Risks rise in Gold Coast apartment development
As banks focus on smaller and more secure projects, developers of bigger projects are turning to riskier and more expensive sources of credit.
Listings soar in Sydney and Melbourne as homeowners run down savings
Spring is the traditional selling season. But a flood of properties hitting the market is being driven by persistently high interest rates, economists warn.
NSW to fast track approval of large housing plans
The country’s two biggest states are taking steps to speed up the housing approval processes that developers say are holding back new projects.
Lendlease avoids ‘second strike’ in crucial AGM showdown
The embattled company averted a vote on a potential board spill by convincing shareholders it was on the right track. Some want more evidence, however.
- Updated
Developers aren’t building apartments – and it’s getting worse
The mix of housing projects coming on stream in the next few years has changed. Apartment construction now looks weaker than even six months ago.
AI job growth to fuel demand for 480,000sq m of office space: report
JLL research suggests that by 2030, artificial intelligence will become the second-largest sector in the Australian economy, offering opportunities for office landlords.
- Exclusive
- Governance
ASX-listed builder slammed over ‘no divvy’ in clash with rival
Simonds’ biggest external shareholder, NEX, lodged a protest vote at the group’s AGM, setting the scene for the rivals to compete head-to-head.
Student caps threaten accommodation work, builder Richard Crookes says
The family-owned builder reported a deeper loss of $21 million and said the owners gave it a $30 million injection earlier this year.
How much does that big house really cost you?
A new exhibition challenges thinking about houses at a time when Australia’s homes are the biggest in the world.
How to build housing on urban wasteland
An apartment building sandwiched between a road and railway line has set a new standard for what can be done with once-derelict sites.
Meet the Australians making money from US real estate
As the dust of the American presidential election settles, a weaker currency and falling prices make luxury property attractive for wealthy foreigners.
RBA rate call kicks delayed spring market into next year
The east coast-dominated housing markets have been holding out hope for relief on borrowing costs. None came on Wednesday.
David Di Pilla’s HMC buys into Lifestyle Communities
The company says it’s ‘early days’, and could increase its stake by a further 4.5 per cent in the developer and landlord of affordable housing for downsizers.
TikTok video sells $523,000 unit, avoiding fees for official listing
A social media walk-through gave potential buyers a real feel for this apartment, without the gloss – or cost to vendor – of advertising on a property portal.
Rising costs, longer lead times stymie unit sales
Higher construction costs – and longer build times – are holding back the development of cheaper flats, in another blow to housing affordability.
- Exclusive
- Property development
Housing Australia’s Dal Bon goes from funding homes to building them
The inaugural head of Australia’s housing funding body has taken a new job with the ACT’s largest community housing provider.