Latest
Sydney Fish Market posts losses but stays afloat
Concerns about the market’s solvency flared after it failed to lodge its 2024 accounts on time, and design complexities and costs rose at the new facility.
Tough times for orchards, vines send values plummeting
Capital values for orchards and vineyards plunged over 2024. In contrast, farmland used for grazing and annual crops has prospered, and the outlook is rosy.
Wealthy silk Allan Myers puts Western District run on the market
High-profile lawyer Allan Myers also runs an extensive agribusiness and investment platform, with much of its focus on Dunkeld where he was raised.
Auction clearances slow as federal ballot looms
Home buyers and sellers typically hold back until the outcome of a federal poll is known.
NZ fresh produce giant tempts Aussie agribusiness investors
The travails at T&G Global spell opportunity for Australia’s big players, which have been battling for larger slices of the sector.
He promised big returns. Then millions of dollars disappeared
Paul Giezekamp promised to deliver a fortune developing land into townhouses. Instead, liquidators allege he spent the money on “personal expenditure”.
How it Sold
This house sold for $4.2m – and then for $3.9m a week later
The first buyer of a luxury property – with a question mark hanging over it – ghosted the agent. That forced the vendor to set their sights lower.
Cyclone Alfred’s insurance storm batters sturdy $1.925m sale
Four hours before the scheduled auction of this Brisbane property, companies refused to extend home cover. But that didn’t put buyers off.
Luxury Property
‘Out of the ballpark’: Toorak knock-down resets land rate record
The home on exclusive cul-de-sac Kenley Court has sold at private auction, pushing the per-square-metre land rate record to $17,000.
Sydney’s $40m-plus trophy deals defy pre-election trend
A string of top-end home sales in the eastern suburbs flies in the face of the usual market lull before polling day.
This Month
‘Out of the ballpark’: Toorak knock-down resets land rate record
The home on exclusive cul-de-sac Kenley Court has sold at private auction, pushing the per-square-metre land rate record to $17,000.
Sydney’s $40m-plus trophy deals defy pre-election trend
A string of top-end home sales in the eastern suburbs flies in the face of the usual market lull before polling day.
Bruce McWilliam buys the worst house in Bondi Beach
Former Channel Seven commercial director Bruce McWilliam has added a dilapidated ex hoarder’s house to his blue-chip property portfolio.
$5m gold bullion twist in hunt for collapsed pub group’s millions
Former Virtical director Mark Toma told a court it wasn’t him who turned up in a Range Rover to buy bullion from a Martin Place gold merchant, as the pub group’s $100 million fake GST refund scandal erupted.
Largest builder in NSW seeks land-banking clarity
Newcastle-based NEX Building Group is concerned about a ‘sting in the tail’ of this week’s budget announcement.
Top-ranked A-League club Western United hits financial turbulence
Two companies that underpin the Melbourne soccer team face winding up motions from creditors, one of which has not been paid the $5000 it is owed for months.
Roberts Co owes Victorian tradies $50m
Creditors attending their first meeting heard there was still no agreement on how quickly work will resume on projects such as Amazon’s giant warehouse.
Gallaghers back behind the bar at Sydney’s Jacksons on George
The well-known Sydney publican family has taken one of Sydney’s best-known watering holes.Gone are the sticky carpets, in are the fancy menu and the rooftop bar.
Has Albanese given up on the housing crisis?
Yes, much of the problem is out of everyone’s hands. Even so, there’s a paucity of policy in the latest budget to help get Australians into the market.
Melbourne’s Southbank to get $1.5b high-rise with nearly 500 apartments
Developer PDG has moved swiftly to formulate plans after picking up a prized site on Melbourne’s Southbank from US giant Blackstone, the owner of Crown Resorts.
TV star Edwina Bartholomew swaps Woollahra unit for country project
The “Sunrise” presenter and her hotelier husband Neil Varcoe have listed their Sydney apartment to help fund a heritage project in Central West NSW.
The $3m CBD winery opening in a building where AA meets
A heritage-listed former warehouse on Flinders Lane is home for the new Melbourne Winery. It makes for an unusual tenancy mix.
Private equiteer’s $18m upsize kicks off trophy home reshuffle
Quadrant’s Alex Eady has upsized to a Centennial Park mansion, setting of a chain of high-end real estate deals.
Wealthy suburbs turn to buyers’ markets as house prices slump
Deep-pocketed home buyers could land discounted houses in the country’s most expensive markets where prices have fallen over the past 12 months.
Builders line up for $7.1b Brisbane Olympic spree
The runway to develop infrastructure for the world’s biggest sporting tournament has shrunk to just seven years, so work has to begin soon.
Trade war not good for interest rates or home buyers: Cotality
Inflation could spike over the near term, leading a smaller rate cut and depriving home owners of much needed mortgage relief according to a global CEO.
Where coastal property prices are hot
Despite an initial pullback in demand following severe storms or cyclones, house prices along the coast can show remarkable growth over the long term.
Home building faces new threat as demand picks up
After some very tough years, contractors in the housing sector – particularly smaller ones – don’t have resources to take on the large jobs now flowing through.
Healthscope woes hurt investors after landlord pulls distribution
Rental breach notices issued to Healthscope have triggered a chain of events which have ultimately led to the operator saying it would put itself up for sale.
Pressure on Elanor as Challenger shops its $3.5b real estate mandate
Challenger is running a request for proposal process to canvass alternate managers, as its current manager Elanor remains in breach of debt covenants.