Today
Why Australia is building fewer – not more – homes
Australia needs more new homes but the post-pandemic surge in costs makes development viable only when targeting downsizers and empty nesters.
- Michael Bleby
Sydney doesn’t have enough three-bedroom apartments for Boomers
Many empty-nesters are staying put in their large houses or competing with young families and professionals for modern three-bedders with lifts.
- Swati Pandey
Why rents and vacancy rates are both falling
Tight rental vacancies typically fuel strong rental increases, but not in the current market.
- Nila Sweeney
Yesterday
- Opinion
- Property market
We’re more nuanced on negative gearing than five years ago
Disadvantages for investors – and gains for aspiring owners – would be more modest than many expect, if Australia’s property tax regime changed.
- Robert Harley
- Exclusive
- Luxury property
Private equity heavyweight sells $11m Paddington terrace
Quadrant Private Equity managing partner Alex Eady and his wife Jodie have sold their designer Paddington terrace for a hefty $10.81 million.
- Bonnie Campbell
Ireland hits wealthy with ‘mansion tax’
The introduction of a third band of stamp duty is expected to raise €80 million a year.
- Szu Ping Chan
Chinese home buyers scout showrooms at midnight after stimulus
The swift turnaround in sentiment of retail investors has fuelled hopes that the country’s property market freefall may finally be halted.
- Bloomberg News
- Exclusive
- Luxury property
Classic car collector eyes $40m plus for Darling Point waterfront
Car collector and art dealer Alex Holland, of the Holland property developer family, has listed his Darling Point waterfront.
- Bonnie Campbell
This Month
The suburbs where house prices slumped by up to $288k in three months
The pressures of high interest rates and poor affordability triggered a decline in median house values in some of the country’s most expensive markets.
- Nila Sweeney
High rates, low confidence - and tax cloud - hit housing pipeline
Australia’s need for new housing is intense, but in a market where feasibilities are “challenging”, that’s not translating into new homes.
- Michael Bleby and Nila Sweeney
Canada’s housing affordability crisis to linger ‘for a decade’
Interest rates are just one factor keeping Canadians out of housing and cheaper money alone won’t shift the dial, experts say.
- Promit Mukherjee
- Sponsored
- Fleetwood
Modular homes a game changer amid population boom
It’s crucial to find innovative solutions that can address this growing crisis in a hurry.
Sponsored
by Fleetwood
China removes curbs on homebuyers, sparking stock market surge
Officials are trying to reverse a grinding property downturn and broader slowdown in growth that has afflicted every corner of the Chinese economy.
- Alexandra Stevenson
A 7000-year-old city emerges as a haven from Dubai’s sky-high rents
Sharjah is beginning to lure investors less than two years after passing a law that allowed foreigners to buy property in select areas of the emirate.
- Zainab Fattah
Sydney’s home values on course to fall in the coming months
The sharp rise in listings along with high interest rates and worsening housing affordability has slowed price growth across the board.
- Nila Sweeney
September
Metrics heading for a world of pain at prop-tech platform RealtyAssist
The WA start-up has ruled off a series of capital raises over the past year, including an urgent $38.7 million private placement in January.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Sumitomo Forestry to pay $115m for majority stake in Metricon
The home-builder deal is the latest by a Japanese property company looking to offset the effects of a shrinking population at home.
- Michael Bleby
An old London bridge? No – it’s a new housing development
In Camden borough, a row of tall brick arches gives the impression of a Victorian viaduct. But they’re something else altogether.
- Richard Conway
Buyers pay $9.3m for home that needs $1m reno
In a time of high construction costs, property hunters competed for a house that needed a lot of work – but it was still cheaper than the alternative option.
- Michael Bleby
Weak auction markets point to falling house prices
Auction clearance rates have fallen to their lowest level this year, suggesting buyers are worried there is little relief in sight from high interest rates.
- Nick Lenaghan