Today
High-income households locked out of half of the housing market
The latest data shows an income of $172,000 is only enough to buy half of the homes on offer in Australia. Four years ago, it would buy 80 per cent of the market.
- Updated
- Nila Sweeney
Yesterday
How the Aussie dream is making the housing crisis worse
Pakistani migrant turned property developer Khurram Saeed says the Victorian government cannot rely on apartment construction to meet its ambitious housing targets.
- Gus McCubbing
Where cash buyers are splurging billions on property
More than 141,000 residential properties were sold without a bank loan involved in FY24, according to PEXA.
- Nila Sweeney
This Month
The cities predicted to miss house price downturn
The housing price dip in Sydney and Melbourne has intensified in the recent months, but this may not last long, experts say.
- Nila Sweeney
Why Melbourne’s housing market is primed to outperform all capitals
The city’s improved affordability means it could outperform its peers in the next recovery, experts say.
- Nila Sweeney
House prices fall in 40pc of Sydney suburbs
The city’s property market downturn is becoming more widespread as stock levels rise, borrowing capacity shrinks and affordability worsens.
- Nila Sweeney
October
Housing market on the cusp of another boom
Better sentiment and tax cuts have pushed Sydney’s median house price to a record $1.65 million. Falling rates will boost the market even more, Domain says.
- Michael Bleby
Labor is killing Victoria’s economy: Dutton
Western Australia topped CommSec’s latest State of the States report, which tracks key economic indicators to determine which jurisdiction is performing best.
- Updated
- Gus McCubbing
- Exclusive
- Luxury property
Unlikely power couple sell Melbourne home
‘Kath & Kim’ star Jane Turner and her husband John Denton, the former Corrs Chambers Westgarth CEO, have sold their long-time family home for more than $7 million.
- Bonnie Campbell
- Exclusive
- Luxury property
Mr Melbourne’s luxury clifftop weekender goes on sale for $16m
The Sorrento clifftop owned by Rich Lister property developer Ron Walker has joined the Mornington Peninsula market.
- Bonnie Campbell
Allan makes townhouse pitch to woo millennial voters
Pollsters say Victorian Premier Jacinta Allan has staked her leadership on her housing credentials after a week-long blitz of announcements.
- Gus McCubbing
Victoria must cut red tape and boost confidence, says top home builder
Metricon chief executive Brad Duggan says while Victoria’s unlocking of greenfield areas for development would immediately boost supply, delays in approvals could still add years to construction.
- Gus McCubbing
‘Bomb site’ to reset Toorak land rates – if it sells for $29m
The vendors of the 1540-square-metre site in Melbourne’s Toorak are aiming for a record. But veteran buyer’s agent David Morrell says it’s grossly overpriced.
- Larry Schlesinger
- Opinion
- Property development
Australia is getting serious about the housing crisis
Young people, parents and grandparents should all have a stake in fixing arguably the No.1 economic and social challenge.
- John Kehoe
- Exclusive
- Property development
Broke, cold, no capital growth: Tim Gurner’s verdict on Melbourne
The property developer says Victoria’s cuts to stamp duty are the best government decision in years, but the state has a lot of catching up to do.
- Gus McCubbing
Porter Davis co-founder lists Melbourne mansion for $22m
David Shergold, who co-founded home builder Porter Davis in 1999 but sold out of the business in 2007, has put his Armadale mansion on the market.
- Larry Schlesinger
Stamp duty cuts in Victoria will apply for foreign buyers
Centre for Independent Studies chief economist Peter Tulip argues the Victorian Labor is doing more to improve housing affordability than the federal government.
- Gus McCubbing
BCA urges $10b housing fund as building target slips
The Business Council of Australia wants the federal government to stump up cash to help states fix the bottlenecks holding back housing development.
- Gus McCubbing
Auction clearance rates tipped to fall as listings rise
Preliminary clearance rates rebounded over the weekend, but the market is still headed for further slowdown as more properties get put up for sale.
- Nila Sweeney
The value of the housing market hits a record $11 trillion
The value of the country’s residential market is expected to rise higher in coming years, but the rate of price growth is poised to slow in the months ahead.
- Nila Sweeney