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Residential

This Month

Chemist Warehouse pharmacist buys Melbourne mansion listed for $26m

A Chemist Warehouse managing partner has splashed on a Hawthorn mansion, while the historic Toorak estate of late biotech pioneers sells for more than $20m.

Brisbane’s newest attraction has three infinity pools and killer views

The Star Brisbane launches its long-awaited Isoletto Pool Club, seven months after the hotel’s grand opening.

Pointing to the problem: Australia doesn’t have enough homes. And the pace of building slowed in the December quarter.

Home building just got slower

In the week that political parties are offering to stoke demand, new figures show the sector started building 4 per cent fewer homes in the December quarter.

The man behind the ‘Coogee Castle’ eyes $85m for Rose Bay waterfront

Sicilian-born Orazio Camuglia, who created Coogee’s landmark clifftop castle, is now offering his sleek Rose Bay compound with blockbuster harbour views.

House prices jumped to records across several affordable suburbs in Sydney’s outer ring areas over the past three months.

The suburbs where house prices hit records

Expectations of deeper rate cuts along with demand-boosting Labor and Coalition housing policies could spark a sharp increase in prices this year, say analysts.

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The new risk facing mum and dad property investors

As government schemes such as build-to-rent encourage institutional money into the residential property market, small investors could see themselves cut out.

A closer look at parties’ rival housing policies (and 1 big risk)

Labor and the Coalition have announced big changes aimed at helping first-time buyers. Economists say the opposition’s tax breaks could end up costing more.

Experts warn lower homeownership rates will make poverty among retirees worse in coming decades.

House prices to rise up to 15pc under either side’s policies

Economists widely criticised the lack of policies to boost housing supply by both parties, even as they laid out plans to increase demand.

Leaving the area: The nubmer of working xxxx in London’s Kensington & Chelsea district.

London’s most desirable neighbourhoods have lost 11,000 workers

Flexible working, cost-of-living pressures and the lure of jobs in places such as Dubai are drawing workers away from areas where houses sell for millions.

Entry-level price? The ground-floor unit in inner-eastern Melbourne’s Hawthorn fetched $670,000.

One-bedroom unit goes ‘well and truly over’ reserve for $670,000

A single-mum buyer got knocked out of the race for a two-bedroom apartment. But after refocusing on a smaller property, she put everything into securing it.

Coalition v Labor: what’s on the table for housing

The first major policy battle of the election campaign erupted on Sunday. Here are the key points.

Australia can only hope to build 600,000-650,000 homes over the next five years: developer Nigel Satterley with (from left) the Financial Review’s Michael Bleby, Master Builders Australia’s Denita Wawn and Cedar Woods’ Nathan Blackburne.

New home ownership won’t rise without more skilled workers: developers

Signature housing policies both major parties announce will kick off a wider chain reaction if they are properly implemented.

The newly built five-bedroom house at 11 Kent Court in Toorak advertised with a selling price of $18 million sold this week.

Housing market confidence follows financial markets down

Auction clearances took a dip across all capital cities as auction volumes surged. Economists are seeing parallels with 2008.

Darling Point penthouse with royal connection offered for $160m

A yet-to-be-built Darling Point boutique apartment block could soon be home to Australia’s most expensive penthouse.

Ken Jacobs sold Fairwater estate in Point Piper for $100 million in 2018.

This top agent says luxury property will weather the market storm

Property veteran Ken Jacobs, who has been selling premium homes for 50 years, says the sector is one of the safest investments amid sharemarket chaos.

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Simon Cohen, prestige buyers agent.

How ‘least likely to succeed’ Simon Cohen cracked the eastern suburbs

The real estate guru introduced a buyer’s advocacy model to Australia with a desk above a pub. Now he has 100 staff and offices across the country.

The Forest Lodge development in Warriewood consists of 14 townhouses and 66 apartments.

Metrics-funded Northern Beaches development heads for court

Street Talk understands Metrics briefly paused funding the Sam Mustaca-led residential development in Sydney’s Warriewood.

Anglicare North Coast CEO Mark McNamara on Wednesday.

Housing tenders run aground on election rocks

Partisan political housing arguments and slow implementation put at risk Australia’s first major effort in years to boost social and affordable housing.

The Mosman home of Babak Moini on Balmoral slopes has been gutted and redesigned throughout.

Cosmetic king takes parting shot at Mosman as he sells pad for $14.6m

Laser Clinics co-founder Babak Moini sold his home in Sydney’s lower-north shore after almost a year-long campaign, opting to return to his Barangaroo apartment.

Sharp declines in the share market in recent decades have triggered deep interest rate cuts before house prices surge.

Market chaos threatens housing recovery: analysts

The nascent house price recovery could stall in the next few months. But interest rate cuts may spark a fresh rally.

PE heavyweight buys fashionista’s $45m Bellevue Hill home

Private equity operative Nick Speer and his wife, Camilla, have purchased a Sydney mansion owned by fashion stylist and influencer Natalie Jacobson.

The loft-style apartment at 5/424-426 Cleveland Street had its own entrance and mini terrace.

Vendor takes $33k hit from levies, but makes it up in sale price

A seller wanted $680,000 for her flat. But when she offered to pay special strata fees needed for the building, she raked in $716,000 from the new competition.

Melbourne’s auction clearance rate hits nine-month high

The housing market seems to be defying the gloom and fear that has taken over sharemarkets in the past week, say agents and analysts.

Holm Park estate in Melbourne’s Beaconsfield.

Historic Melbourne ‘castle’ meets the market to sell for $6m

The Holm Park estate in the outer Melbourne suburb of Beaconsfield has sold after a lengthy campaign and a hefty discount.

Billionaire furniture mogul’s $12m hinterland retreat smashes record

Rich Lister and founder of Super Amart John Van Lieshout has sold his luxury Sunshine Coast escape, almost doubling the local record.

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