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Residential

Today

Home builder AVJennings accepts $365m takeover bid

A takeover battle for the builder erupted between a US bidder and a Singaporean player. Local builders face tough conditions, but their land banks are appealing.

The pace of house price growth eased dramatically in Sydney as the number of new listings grew.

Home prices climb to record high

The February interest rate cut has revived confidence and boosted demand, despite only a small improvement in affordability.

Yesterday

Why a former Supreme Court judge is selling his Woollahra mansion

Retired Supreme Court judge Michael Pembroke and wife Gillian have brought forward plans to sell their Woollahra mansion of 30 years.

The three-bedroom, two-bathroom family house on 521 square metres at 16 Conochie Crescent, in Perth’s Manning sold at auction for $1.46 million.

Buyer pays $190,000 above their own pre-auction offer to secure home

The vendor was happy with the strength of bids made during the campaign but pushed it to auction anyway – and it was worth their while.

March

Paul Giezekamp.

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”.

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‘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.

NEX Building Group says it has not been able to get a rezoning for 8 years on this 150-lot site at 91B Bells Lane at Badagarang, near Cambewarra on the NSW south coast. 

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.

he industry hoped, mistakenly, that the budget would redouble efforts and fire up supply.

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.

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.

Sydney’s affluent eastern suburbs are now among the most favourable housing markets for deep-pocketed buyers after prices fell as much as 13 per cent in the past year.

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.

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.

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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.

The five-bedroom house with a “very unusual floor plan” at 1 Beamsley Street sold for $3.9 million.

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.

A home in Sydney’s St Ives sold at auction for $700,000 more than it went for three years ago.

North shore home fetches $700k more in just three years

Some homes – such as a four-bedroom place in Sydney’s St Ives – sold well, but auction clearance rates slipped for a fourth straight week.

Hambleton House in Melbourne’s Albert Park is being sold by Al and Rebecca Yazbek.

Controversial restaurateur Al Yazbek to sell Melbourne mansion

The co-founder of Nomad Group of restaurants and his wife Rebecca have listed their grand Albert Park home with approved renovation plans.

28 Victoria Road, Bellevue Hill.

Bellevue Hill pair spend $45m to buy neighbour’s home

A low-key deal in Sydney’s east shows how far neighbours will go to get a larger slice of the salubrious suburb.

Lendlease CEO Tony Lombardo sells $13m Elizabeth Bay mansion

The head of the property giant and his wife, lawyer May Chen, have sold their historic home after a seven-month campaign.

The four-bedroom home on 1811 square metres at 8 Robertson Avenue in Melbourne’s Toorak sold for $19 million. 

Gentle pressure secures $19m Toorak sale

The first disclosed deal over $15 million in the city’s most expensive suburb this year suggests properties have started moving.

Macquarie-backed build-to-rent player Goodstone Living has signed a GBP 116m deal to develop and manage a parcel of 360 homes at Dagenham Green, on the site of the former Ford stamping factory.

Inside Macquarie’s $237m punt on the east London riverside

It has taken four years, but the wealth giant’s British build-to-rent vehicle Goodstone Living seems to be finding its feet – on the site of a famous former Ford factory.

Medico buys Packer’s $27.5m Sydney penthouse

Histopath founder Dr Chris Douglas has taken the keys to Francesca Packer-Barham’s luxury apartment within the Harry Seidler-designed Horizon tower.

Nearly half of all apartments sold in central Melbourne during the December quarter were unprofitable due to poor capital gains, according to CoreLogic.

Last quarter’s least and most profitable housing markets revealed

Home sellers racked up record profits in the December quarter, but apartments delivered losses for many owners in Melbourne and Sydney.

Original URL: https://www.afr.com/property/residential